Author: NBTC

In brief A scheduled unlock will release 14,175,778 Hyperliquid tokens on August 29, worth about $1.2 billion at current prices. The release equals 1.4% of total supply and 2.7% of $HYPE’s market capitalization. Nearly 47% of the unlocked tokens go to insiders — the largest single share of this release. Hyperliquid, the layer-1 blockchain and perpetual futures exchange, is on a tear—and investors in the project’s native token $HYPE are reaping the benefits. Hyperliquid, which trades as $HYPE, touched an all-time high of $83.27 on Sunday before slipping to around $77.50, data from CoinGecko shows. The token’s market cap sits…

The Financial Accounting Standards Board (FASB) proposed new U.S. accounting guidance on Aug. 18 that would clarify when companies may present certain stablecoins as cash equivalents. The proposed Accounting Standards Update would add examples to Topic 230, Statement of Cash Flows. It would not change the existing definition of cash equivalents under U.S. generally accepted accounting principles. FASB opened the proposal for public comment through Nov. 19. The board will decide whether to issue a final standard and set its effective date after reviewing responses. JUST IN: 🏛 U.S. accounting-standards body proposes classifying stablecoins as cash equivalents for financial reporting.…

Solana just gave traders a new tool at a curious moment for its ecosystem. The blockchain rolled out a spot trading API designed to let users execute trades programmatically, bridge assets across chains, and tap into on-chain intelligence spanning hundreds of millions of wallets. The timing is notable: the launch of the Solana spot trading API lands right as so-called smart money appears to be rotating toward Base, a rival network, raising questions about where liquidity and trading activity go next. Key takeaways Solana has launched a spot trading API built to enhance programmatic trading and expand accessibility across its…

Bitcoin has entered a bottoming phase that could last one to three months, according to prominent crypto analyst PlanB, known for his stock-to-flow price models. In a post on X, PlanB noted that Bitcoin closed July at $62,818, while its 200-week moving average stood at approximately $63,000. Understanding the Bottoming Process PlanB, whose real name is not publicly confirmed, has a significant following in the crypto community for his quantitative models that attempt to predict Bitcoin’s price based on scarcity. His observation that $BTC is beginning a bottoming process aligns with historical patterns where Bitcoin often consolidates after significant declines…

Polygon Labs implemented a private mempool endpoint that routes transactions directly to elected block producers. Technical integration requires replacing a single RPC URL for submitting write transactions. The mechanism aims to mitigate maximal extractable value (MEV), a segment where solutions like Flashbots handle nearly 3 million monthly transactions on Ethereum. The week kicks off with Polygon Labs officially presenting its private mempool. This is a transmission channel designed to process transfers without exposing them to the public pool of pending transactions. This innovation began operating on the mainnet during Q2 2026, Polygon reported. In traditional blockchains, transactions must wait for…

A Singapore court has frozen about S$75 million ($58 million) in Bitcoin and USD Coin after a major crypto trading platform alleged that an internal ledger error caused it to mistakenly credit thousands of $BTC and Bitcoin Cash to a long-standing customer. The Singapore International Commercial Court said the interim proprietary injunction prevents the customer from disposing of, dealing with or reducing the value of about 780 $BTC and 816,773 $USDC, along with assets, profits or interest derived from them. The order was granted on March 26 after a hearing before Singapore High Court Justice Aidan Xu and SICC International…

US-based cryptocurrency exchange Coinbase announced it has decided to suspend trading for Badger DAO (BADGER) and Storj (STORJ) following its latest review of listing standards. According to a statement from Coinbase, BADGER and STORJ trading will be suspended on September 28, 2026, at approximately 9:00 PM Turkish time. This decision will also affect Simple and Advanced Trade services on Coinbase, as well as Coinbase Exchange and Coinbase Prime, the platform for institutional investors. The exchange stated that it regularly reviews crypto assets traded on its platform for compliance with listing standards and, following recent assessments, decided to suspend trading in…

Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether institutional adoption built a durable holder base or moved momentum capital into a regulated wrapper. The weight behind Aug. 14 Citi cut its 12-month Bitcoin target from $112,000 to $82,000 and reduced its forecast for net ETF inflows from $10 billion to zero. That new…

Nasdaq’s announcement that it will extend U.S. stock trading hours to 23 hours a day, five days a week starting in December has drawn sharp reactions from industry observers, with some noting that traditional exchanges are increasingly borrowing from the crypto market’s playbook. What Nasdaq’s Extended Hours Mean The new schedule, which will run from 4 a.m. to 3 a.m. Eastern Time, Monday through Friday, with a one-hour maintenance break, marks a significant departure from the current 9:30 a.m. to 4 p.m. session. The move is designed to cater to retail investors who have grown accustomed to round-the-clock trading in…

Wintermute, a leading market maker in the cryptocurrency market, has increased the total size of its short positions on Hyperliquid to $211.53 million. According to the latest data, the company increased its overall short exposure while approximately halving its short position on $HYPE. According to data shared by Onchain Lens, Wintermute’s total short positions on Hyperliquid increased from $190.77 million to $211.53 million. Conversely, the company’s short position on $HYPE decreased from $11.43 million to $5.60 million. Wintermute short positions are as follows: Bitcoin (BTC): $70.80 million Ethereum (ETH): $53.83 million Solana ($SOL): $17.63 million XRP: $7.41 million Dogecoin (DOGE):…