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A large wallet rocked the Hyperliquid market when it deposited 16 million USDC and opened millions of XPL long positions in just a few minutes.
This move instantly “swept clean” the order book, liquidating all short positions and driving XPL’s price to soar over 200% from the $0.58 range to a peak of $1.80.
Liquidity Shock
According to data from Lookonchain, this wallet partially closed...
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.
Vietnam’s Da Nang launches Asia’s first FATF-compliant crypto payment sandbox while Korea’s FSS inspects Bithumb for ignoring lending service suspension orders, highlighting regional regulatory divergence....
Japanese brokerage group Monex is considering launching a yen-pegged stablecoin and accelerating plans for overseas acquisitions in the crypto sector, signaling its ambition to strengthen its role in global digital finance.
Monex Chairman Oki Matsumoto told TV Tokyo that issuing a stablecoin requires significant infrastructure and capital.
Yen-Pegged Stablecoin Under Consideration...
On August 7, 2025, the US Department of Justice convicted Tornado Cash co-founder Roman Storm for running an unlicensed money transmission business. The case, seen as a crackdown on crypto mixing infrastructure, directly affects hacker groups’ laundering networks.
Weeks later, on August 26, the FBI confirmed that the Lazarus Group was behind the $1.5 billion Bybit hack — the most significant...
Hut 8 (HUT), a bitcoin mining and digital infrastructure company, surged Tuesday after unveiling plans to double its power capacity with four new US sites. The projects, supported by a $2.4 billion liquidity framework, will strengthen the company’s role in bitcoin mining and digital infrastructure.
Shares rose 10.49% to close at $25.91, the highest level in seven months, even as bitcoin traded...
User “romanticpaul” made aggressive Polymarket bets on Taylor Swift’s engagement less than 24 hours before the announcement went public. He moved a $385,000 market by around 12% more or less by himself.
Crypto sleuths have noticed that Paul Sidoti, Taylor Swift’s guitarist for the last 18 years, could fit the bill of this gambler. Of course, it could all be a coincidence, but this story...
In a recent Trump Cabinet meeting, Commerce Secretary Howard Lutnick said he’d put US economic data on the blockchain. Apparently, he’d first begin with GDP statistics.
His announcement was vague and non-actionable, and Trump didn’t seem interested. This plan could work, but someone will actually need to make it happen.
US Data on the Blockchain?
Blockchain technology has a wide range...
President Trump’s move to fire Lisa Cook could be the final piece he needs to take over the Fed. If it works, he could restructure the FOMC and approve rate cuts without even replacing Powell.
Seven Governors control the Federal Reserve and its District Bank Governors, and Trump already appointed three of them. If a new majority disregards precedent, it’d have tremendous power to set fiscal...
Hong Kong is moving fast to build its digital finance market through real-world asset (RWA) tokenization, exchange-traded funds (ETFs), and new stablecoin rules. Yet steep costs and compliance demands continue to hold back smaller issuers.
On August 26, trading volumes in the city’s six virtual asset ETFs reached HK$56.4 million ($7.2 million). The figures show steady investor interest despite...
Canary Capital filed to create a TRUMP ETF, making it the third such firm to attempt this feat. However, Canary is using a different structure than the previous efforts, which could make this product more lucrative.
However, ETF analyst Eric Balchunas claimed that this product cannot meet the requirements for a ’40 Act ETF. Therefore, the SEC’s reaction could serve as a useful barometer for...