Ethereum Trade on Hyperliquid Stands Out as Largest Amid $1B Crypto Liquidations
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Crypto News

An ETH$3,952.13 trade on Hyperliquid turned out to be the biggest liquidation hit in the past 24 hours as crypto traders took on more than $1.19 billion in leveraged positions amid a market downturn. Longs made up nearly 90% of the overall wipeout, per CoinGlass, leaving over 260,000 traders losing money and exposing the market’s […]

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Cloudflare (NET) Unveils NET Dollar for AI-Powered Internet Economy
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Crypto News

U.S.-listed cloud company Cloudflare (NET) announced plans to intorduve a U.S. dollar stablecoin for what it calls the “agentic web,” where autonomous AI agents perform tasks like booking flights or ordering groceries. The company said on Thursday that the token, dubbed NET Dollar, will enable instant and secure transactions for software agents, developers and creators. […]

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Gate Unveils Layer 2 Network and Tokenomics Overhaul
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Crypto News

Crypto exchange Gate has launched Gate Layer, a proprietary Layer 2 blockchain designed to boost transaction throughput and reduce costs, while simultaneously rolling out a major upgrade to the GT (GateToken) ecosystem Built on the OP Stack and fully compatible with Ethereum, Gate Layer is anchored by GateChain as its settlement layer, the company said […]

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Melee Raises $3.5M to Launch ‘Viral Prediction Markets’ Without Gatekeepers
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Crypto News

Melee, a new prediction market startup that says speculation and betting should be as open as online discussion, has raised $3.5 million from Variant, DBA and a group of angel investors to roll out what it calls “Viral Markets.” Crypto native companies have witnessed the runaway success of Polymarket, the digital asset betting platform that […]

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Capital Controls Doom Asia’s Stablecoin Dreams—Except in Hong Kong
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Crypto News

Good Morning, Asia. Here’s what’s making news in the markets: In the lead-up to Seoul’s Korea Blockchain Week, discussions about a Korean Won stablecoin were among the leading narratives. The idea carries political weight, positioning local currencies as digital alternatives to the U.S. dollar. However, despite the enthusiasm, most Asian currencies are hindered by capital […]

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HBAR Surges 3.85% in Volatile Session as Institutional Buying Emerges
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Crypto News

HBAR saw a volatile 23-hour stretch between Sept. 22 at 15:00 and Sept. 23 at 14:00, with the token trading in a narrow band between $0.217129 and $0.225507. The session opened with a sharp selloff that dragged prices to $0.217408 before heavy buying activity restored momentum. That rebound was reinforced by strong support at the […]

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DePIN Flight Tracker Wingbits Lands Korean Air as First Major Airline Partner
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Crypto News

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Korean Air has signed a research agreement with Stockholm-based Wingbits to […]

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BitMEX Co-founder Arthur Hayes Sells HYPE to Fund Ferrari Purchase, Stands by 126x Forecast
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Crypto News

Arthur Hayes, the BitMEX co-founder who now runs crypto venture fund Maelstrom, sold his personal stash of Hyperliquid’s HYPE tokens just weeks after predicting the asset could rally 126-fold. Ferrari jokes and blockchain receipts Blockchain analytics service Lookonchain reported on Sunday that Hayes unloaded 96,628 HYPE — worth about $5.1 million — booking a profit […]

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China’s Car, America’s Currency (USDT) — Why Stablecoins Keep the Dollar in the Driver’s Seat
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Crypto News

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. On the streets of Bolivia, an advertisement for a bright green […]

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Adoption Set to Surge, Hit $4T in Cross-Border Volume, EY Survey Shows
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Crypto News

Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those […]

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Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. Trading
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Crypto News

Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory. From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. […]

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Kevin Durant Recovers Bitcoin Bought at $650, Now Up Over 17,700%, After Nearly a Decade
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Crypto News

NBA forward Kevin Durant has access to his bitcoin again, after being locked out of his Coinbase account for nearly a decade. In that time, the price of BTC rose by more than 17,700%. “We got this fixed. Account recovery complete,” Coinbase CEO Brian Armstrong posted on X, responding to a viral tweet about Durant’s […]

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