Daily News 19

Author: Evan Mercer

  • Why Is Ripple Hiring a London Metal Exchange Treasury Executive Now?

    Why Is Ripple Hiring a London Metal Exchange Treasury Executive Now?

    Ripple has hired a senior London Metal Exchange (LME) treasury executive as the company expands its focus on institutional trading, tokenization and corporate finance.

    Joseph Thompson, senior vice president and head of treasury at the LME, is leaving the exchange on Aug. 31 to join Ripple’s Trading and Markets team. According to the original hire report, his responsibilities are expected to include work related to tokenized real-world assets.

    The appointment adds experience from one of the world’s largest commodities exchanges to a company increasingly focused on liquidity, collateral and blockchain-based capital markets.

    Ripple Expands Institutional Finance Strategy

    Thompson’s appointment follows Ripple’s broader push into corporate treasury services and institutional financial infrastructure.

    Ripple acquired GTreasury for $1 billion in 2025, adding an established treasury management platform to its business. The platform has since been integrated into Ripple Treasury, which combines traditional cash management with digital-asset capabilities.

    Ripple has also launched native digital-asset functionality across its Treasury platform. Coinpaper’s coverage of Ripple’s SWIFT tools showed how the company is increasingly positioning its products alongside existing financial infrastructure rather than targeting only crypto-native users.

    Tokenization Becomes a Larger Focus

    Ripple has also increased its exposure to tokenized assets. Recent investments in ZILO and Licuido were aimed at strengthening issuance, transfer agency and collateral infrastructure for institutional markets.

    The $XRP Ledger is gaining more tokenized products as well. Aviva Investors recently launched a tokenized liquidity fund on XRPL, expanding the network’s real-world asset footprint.

    Ripple and Boston Consulting Group have estimated that tokenized assets could approach $19 trillion by 2033, although adoption will depend heavily on regulation and institutional demand.

    Thompson’s appointment does not mean that the LME itself is adopting Ripple technology. Instead, it highlights Ripple’s effort to recruit expertise from traditional market infrastructure as the company seeks to expand beyond payments and further into institutional finance.

    For background on the relationship between Ripple, $XRP and the $XRP Ledger, Coinpaper’s evergreen $XRP guide provides a concise overview.

  • Sberbank to Accept Bitcoin, Ethereum and USDT as Loan Collateral Under New Russian Crypto Rules

    Sberbank to Accept Bitcoin, Ethereum and USDT as Loan Collateral Under New Russian Crypto Rules

    Sberbank, Russia’s largest financial institution, is preparing to launch a lending product that would accept Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT) as eligible collateral. The initiative follows new Central Bank of Russia regulations scheduled to take effect on September 1, according to Crypto Briefing.

    New Rules Open the Door to Crypto-Backed Lending

    The regulatory framework represents a significant shift in Russia’s approach to digital assets. Until now, the use of cryptocurrencies in lending had been largely unaddressed or restricted. The new rules establish a legal basis for banks to accept digital currencies as collateral, creating a pathway for traditional financial institutions to integrate crypto assets into their services.

    Sberbank’s plans extend beyond crypto-backed loans. The bank also intends to launch a cryptocurrency wallet and a digital custody service before the end of the year. These services would allow customers to store and manage digital assets under the bank’s oversight, further connecting conventional finance with the crypto economy.

    Potential Impact on Russia’s Crypto Market

    Sberbank’s initiative could have a notable effect on Russia’s cryptocurrency market, which has experienced changing regulatory signals in recent years. Allowing the country’s largest bank to accept crypto as collateral may indicate a more pragmatic position from the central bank and could encourage wider adoption among institutional and retail investors.

    For Sberbank, the move provides an opportunity to serve customers who hold digital assets but may not have sufficient traditional collateral. It could also establish the bank as an early leader in Russia’s banking sector and create a precedent for other financial institutions.

    What Crypto-Backed Loans Could Mean for Investors

    For Russian investors and cryptocurrency holders, the proposed lending product could create new ways to access liquidity without selling digital assets. Using $BTC, $ETH, or $USDT as collateral would allow borrowers to maintain exposure to potential price appreciation while obtaining fiat currency for other purposes.

    However, crypto-backed borrowing also carries risks. If the value of the collateral falls significantly, borrowers could face liquidation.

    Frequently Asked Questions

    What cryptocurrencies will Sberbank accept as loan collateral?

    Sberbank plans to accept Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT) as loan collateral.

    When will Russia’s new cryptocurrency regulations take effect?

    The Central Bank of Russia’s new regulations are scheduled to take effect on September 1.

    What other cryptocurrency services is Sberbank planning to launch?

    Sberbank also plans to launch a cryptocurrency wallet and a digital custody service within the year.

    Related Reading

    • Dormant Bitcoin Activity Hits Lowest Level Since Q3 2022, Galaxy Research Says
    • $BTC.top Founder Sells Half His $ETH Holdings as Bitcoin Rally Faces First Test
    • Ethereum Supply Rises by 20,125 $ETH in a Week, Breaking Post-Merge Trend
    • Bitcoin Perpetual Futures Long/Short Ratios Show Slight Bearish Tilt on Major Exchanges
    • Ethereum Weekly Forecast: Profit-Taking Caps Rally as Network Activity Stalls
  • Upbit Remains Korea’s No. 1 Crypto Exchange as Rally Revives Trading Volumes

    Upbit Remains Korea’s No. 1 Crypto Exchange as Rally Revives Trading Volumes

    Upbit continues to lead South Korea’s cryptocurrency exchange market, recording approximately $1.04 billion in spot trading volume over a 24-hour period as traders return to the crypto market. Its turnover exceeded the combined volume of its three closest domestic competitors.

    Upbit leads South Korea’s crypto exchange market

    Upbit, operated by Dunamu, processed about $1.04 billion in spot trades within 24 hours, surpassing the combined volume of Bithumb, Coinone and Korbit, now known as Digital X.

    Bithumb recorded approximately $632.6 million in volume, while Coinone reached about $67.9 million. Korbit, operating as Digital X, registered close to $11 million.

    The increase followed Bitcoin’s rise above $80,000 in late August, marking its first move past that level since mid-May. The rally encouraged South Korean retail traders to return to local crypto exchanges and put money back into domestic order books.

    Founded in October 2017, Upbit holds South Korea’s first virtual asset service provider license and lists more than 180 tokens. Bithumb, which launched in 2014, lists over 440 assets.

    Before the August 20 rally, Upbit’s daily turnover generally ranged between 300 billion and 600 billion won. By Saturday afternoon, however, volume had briefly climbed to 4.61 trillion won—nearly ten times the level recorded a week earlier. Bithumb also exceeded 2 trillion won during the same period.

    Cryptopolitan separately reported that Upbit’s daily volume rose 273% to approximately $1.84 billion, its busiest session since mid-March. XRP was the most actively traded token on both Upbit and Bithumb.

    South Korean crypto exchanges face weaker revenue

    Presto Research analyst Min Jung described Korean traders as “return-chasers” who buy assets that are already rising.

    During the first half of 2026, South Korea’s four largest crypto exchanges collectively lost nearly 500 billion won, or $364 million. Falling cryptocurrency prices reduced the value of assets held by the exchanges, while weak trading activity resulted in lower fee revenue.

    Trading fees are the exchanges’ main source of income. They accounted for 96.91% of Dunamu’s first-half revenue, which fell by half compared with the previous year.

    Dunamu’s operating profit dropped 79.7% year on year during the first half, while Bithumb’s operating profit declined even further, falling 83.4%.

    Cryptopolitan reported that first-half trading volume across South Korean exchanges fell 54.6% from the previous year to $366.58 billion. Part of the decline was attributed to capital flowing into South Korea’s stock market, which reached record highs amid strong performances from companies including Samsung and SK Hynix.

    Smaller exchanges cut fees to compete with Upbit

    As crypto trading activity returns, smaller exchanges are waiving fees to attract regular traders and support platforms facing financial pressure.

    Coinone said it would eliminate trading fees for all listed coins until further notice. Digital X, formerly Korbit, introduced zero-fee trading across its market through August 2027.

    After the change, Digital X’s average hourly trading volume increased 36-fold, rising from 270 million won to 9.8 billion won. However, 87% of the increase came from trading in a single stablecoin, RLUSD, which the exchange distributed to large traders during a special event.

    Coinone’s trading volume tripled to 8.2 billion won per hour after it removed fees, but activity soon returned to normal levels.

    Bithumb used a similar strategy with a 68-day fee-free period last year. Although its trading volume increased temporarily, the exchange’s market share did not exceed 30%. Bithumb repeated the strategy for seven days in February.

    Upbit and Bithumb have so far waived fees only on selected tokens. Upbit, for example, removed charges on stablecoins such as Tether (USDT-USD) starting July 26.

    Meanwhile, Digital X’s parent company, Mirae Asset Financial Group, is reportedly negotiating to acquire Korbit for up to 140 billion won, or $97.5 million.

  • Bitcoin Drops After Warsh Speech as Rate-Hike Odds Reach 57% — Can BTC Reclaim $80K?

    Bitcoin Drops After Warsh Speech as Rate-Hike Odds Reach 57% — Can BTC Reclaim $80K?

    Bitcoin price fell 3% to $77,000 after Federal Reserve Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole event, signalling that the central bank may not be finished fighting inflation despite recent macroeconomic data.

    We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do.

    Discussing the latest summer inflation data, Warsh added:

    While this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved.

    Why did Bitcoin fall below $80,000?

    U.S. equities and cryptocurrency markets interpreted Warsh’s comments as hawkish. The tech-heavy Nasdaq fell 0.52%, while the S&P 500 declined 0.25%. Crypto markets followed, with Bitcoin leading the downturn with a 3% drop.

    Source: $BTC/USDT, TradingView

    Bitcoin had rallied 30% in the second half of August, supported by the Treasury’s planned $1 trillion intervention to curb rising bond yields. The upswing also helped BTC reclaim its crucial 200-day moving average.

    However, the rally has stalled below $80,000, delaying Bitcoin’s attempt to reclaim the 50-week moving average at $81,800 and officially mark the end of the BTC bear-market cycle.

    Can Bitcoin rally despite September Fed rate hike fears?

    Inflation directly influences Federal Reserve interest-rate policy and risk sentiment across financial markets. Following Warsh’s speech, interest-rate traders raised the probability of a September Fed rate hike to 57%, a 20% increase from the previous week. The repricing reinforced renewed fears of another rate hike.

    Source: CME FedWatch

    Bitcoin options traders, including sophisticated professionals and institutional investors, also moved to increase downside protection.

    This was reflected in the BTC 25 Delta Skew, which rose from -10% to nearly 5%, representing a 15% increase and signalling renewed demand for downside hedging.

    During Bitcoin’s explosive rally last week, the metric fell below 0% for the first time this year. That indicated traders were reducing their downside hedges as many analysts expected the rally, supported by the so-called debasement trade, to continue amid concerns over U.S. fiscal debt and turmoil in the bond market.

    Source: Velo

    The metric’s weekend spike now suggests that Warsh has forced Bitcoin bulls to reassess their strategy.

    Analyst Luke Gromen, however, believes the bond-market crisis will overshadow Federal Reserve rate decisions in the short term.

    It remains a variant perception that both Fed hikes or cuts will cause the long end to rise…even as long bond yields are now up on Warsh’s ‘hawkish’ speech today.

    If fears of a Fed rate hike intensify and weigh on market sentiment, Bitcoin’s price could retrace toward its 200-day moving average at $69,300.

    However, if the debasement-trade narrative continues, the $80,000 level could become support for the next leg of the uptrend.

    Bitcoin price outlook

    Bitcoin fell 3% to $77,000 after Kevin Warsh’s hawkish Jackson Hole speech. The Nasdaq declined 0.52%, while the S&P 500 fell 0.25%. Meanwhile, the probability of a September Fed rate hike increased to 57%.

  • FOGO Reports $400 Million Token Theft in Exploit; Chain Remains Operational

    FOGO Reports $400 Million Token Theft in Exploit; Chain Remains Operational

    FOGO, a layer-1 blockchain built on the Solana Virtual Machine (SVM), reported that approximately 400 million FOGO tokens were stolen in an exploit. The project said its blockchain was not compromised; instead, the tokens were transferred to an address controlled by the attacker.

    FOGO said it is coordinating with cryptocurrency exchanges, investigative authorities, and blockchain forensic specialists to trace the stolen assets and support efforts to recover the funds.

    FOGO Token Contract Targeted in Exploit

    The incident became public after FOGO’s official X account issued a security alert urging users to remain vigilant. According to the announcement, the exploit affected the token contract rather than the underlying blockchain infrastructure.

    This distinction indicates that FOGO’s core network remains operational, while a vulnerability in the token’s smart contract or an associated protocol enabled the attacker to remove a significant number of tokens.

    The FOGO team is working with exchanges to freeze or flag the stolen assets. It has also engaged blockchain forensic analysts to track the movement of the funds. Exchange cooperation can be important in incidents of this kind, as platforms may be able to identify or restrict assets before they move through mixers or cross-chain bridges.

    Market and Community Impact

    The theft of 400 million FOGO tokens could create significant market pressure, particularly if the amount represents a large share of the total supply. Token holders may face increased price volatility, while the exploit could raise concerns about the project’s security practices.

    FOGO’s public communication and rapid response may help limit long-term reputational damage. However, the incident adds to the growing number of cryptocurrency security breaches linked to smart contract vulnerabilities.

    The exploit also highlights the risks users face when interacting with new or lesser-known tokens. Thorough security audits and careful due diligence remain important before launching or using token contracts.

    What the FOGO Exploit Means for the Wider DeFi Ecosystem

    Security incidents involving layer-1 ecosystems can affect the broader decentralized finance sector even when the underlying blockchain remains secure. Exploits involving token contracts often lead to increased scrutiny from regulators and may intensify calls for stronger security standards.

    FOGO’s immediate priorities are tracking the stolen tokens, supporting recovery efforts, and maintaining transparency with its community. The longer-term challenge will be restoring user confidence and continuing to attract developers to the platform.

    FOGO Token Theft Investigation Continues

    The theft of approximately 400 million FOGO tokens is a serious incident, but the continued operation of the blockchain provides some reassurance that the breach was limited to the token contract. FOGO’s coordination with exchanges, authorities, and forensic specialists is a positive step, although the recovery of the funds remains uncertain.

    The community will be watching the investigation closely, including how FOGO addresses the vulnerability and manages the project’s reputation after the exploit.

    FAQs About the FOGO Exploit

    What was exploited in the FOGO incident?

    The exploit targeted the FOGO token contract rather than the underlying SVM blockchain. The attacker exploited a vulnerability in the token’s smart contract and stole approximately 400 million FOGO tokens, while FOGO’s core blockchain infrastructure was not compromised.

    How is FOGO responding to the token theft?

    FOGO said it is working with cryptocurrency exchanges to freeze or trace the stolen tokens. The team is also coordinating with investigative authorities and blockchain forensic specialists to track the funds and support recovery efforts.

    What should FOGO token holders do now?

    Token holders should monitor FOGO’s official channels for updates and remain alert to phishing attempts and scams that may follow the incident. Users should keep their assets in secure, self-custodied wallets where appropriate and wait for further guidance from the FOGO team.

    Related Reading

    • First Quantum-Resistant Bitcoin Transaction Completed, but 7M BTC Remain Exposed
    • Tron Plans Quantum-Resistant Upgrade by Year-End, Says Justin Sun
    • StarkWare Executes First Quantum-Resistant Bitcoin Transaction on Mainnet
    • Realio Network Halts Chain After 124.4M RIO Token Theft, User Funds at Risk
    • Cardano Community Advances Talks on Quantum-Resistant Wallet Upgrades
  • BIT-Linked Addresses Boost ETH Longs to 29,500 on Hyperliquid, Data Shows

    BIT-Linked Addresses Boost ETH Longs to 29,500 on Hyperliquid, Data Shows

    Wallets linked to BIT, the crypto options trading platform formerly known as Matrixport, have increased their long position in Ethereum ($ETH) on the Hyperliquid exchange, according to on-chain data shared by analyst ai_9684xtpa.

    The associated address cluster added 8,000 $ETH to its long position during an early-morning market decline on [date], at an average entry price of $2,440.49 per $ETH. The purchase lifted the group’s cumulative position to 29,500 $ETH, currently valued at approximately $72 million.

    The position is showing an estimated $1 million in unrealized losses, highlighting the risks created by continued volatility in the cryptocurrency market.

    BIT-Linked Wallets Rank Among Hyperliquid’s Largest Positions

    BIT, originally established as Matrixport, is a Singapore-based digital asset platform offering trading and investment products, including crypto options. Traders and analysts closely monitor activity from wallets associated with major platforms because large positions can affect market sentiment and liquidity.

    Hyperliquid is a decentralized perpetual futures exchange that has recorded substantial growth in trading volume and open interest. Based on the available data, the BIT-linked address cluster ranks fifth on Hyperliquid by overall position size, making it one of the most significant identifiable positions on the platform.

    What the Ethereum Long Position Could Mean

    Adding to an Ethereum long position during a price dip may indicate confidence in $ETH’s medium-term outlook, despite the position’s current paper loss. Traders often view this type of accumulation as a potential bet on a rebound, although leveraged positions remain exposed to sharp price movements and liquidation risk.

    The data shared by ai_9684xtpa is based on on-chain activity and does not necessarily represent BIT’s official trading strategy. BIT has not publicly commented on these specific transactions.

    Why the Hyperliquid Wallet Activity Matters

    Monitoring large wallet movements on platforms such as Hyperliquid can provide insight into the trading behavior of institutional investors and high-net-worth market participants. However, on-chain data should be interpreted cautiously. A wallet cluster may be linked to multiple entities, and the exact ownership of the addresses has not been confirmed.

    The transaction also illustrates the expanding role of decentralized exchanges in crypto derivatives trading. Because positions and wallet activity are visible on-chain, these platforms offer market participants a more transparent view of trading flows and evolving market dynamics.

    Frequently Asked Questions

    What is BIT, formerly known as Matrixport?

    BIT is a digital asset trading platform that offers services including options and structured products. The company was rebranded from Matrixport and is known for providing institutional-grade crypto trading products.

    What is Hyperliquid?

    Hyperliquid is a decentralized perpetual futures exchange that allows users to trade crypto assets with leverage. The platform has gained attention for its speed and transparency, with trading positions visible on-chain.

    How reliable is the data from ai_9684xtpa?

    The data is based on publicly verifiable on-chain analysis. However, the ownership of the associated addresses has not been confirmed, and the figures may not reflect the entity’s complete trading activity or total positions.

    The accumulation of a 29,500 $ETH long position by BIT-linked addresses on Hyperliquid is a notable development in the crypto derivatives market. Although the position currently carries an estimated paper loss, its size represents a substantial market commitment that could influence perceptions of Ethereum’s outlook and available liquidity. Investors should conduct their own research and carefully consider the risks of leveraged trading in volatile cryptocurrency markets.

    Related Reading

    • Bitwise’s BHYP Stakes $74.9M in $HYPE: A Milestone for Institutional Crypto Adoption
    • Four Anonymous Wallets Move $53.9M in $HYPE From Coinbase to Hyperliquid for Staking
    • Unit xyz Moves to Acquire $15M in $HYPE on Coinbase, Boosting Holdings to 1M Tokens
    • Decentralized Perp Exchange Volume Climbs 9.1% to $423B, Hyperliquid Dominates with 58% Share
    • Crypto Futures Liquidations Top $213M in One Hour as Market Volatility Spikes
  • Tokenized Assets Are More Active Than the Data Shows

    Tokenized Assets Are More Active Than the Data Shows

    Estimates of how much tokenized real-world assets (RWAs) are actually being used in decentralized finance (DeFi) range from less than 1% to 7%, 11.7% and nearly 20%. All of these figures were published this year, and each can be defended. The problem is that they do not measure the same thing.

    The lowest estimate receives the most attention. Of the roughly $51 billion in tokenized real-world assets on public blockchains, it suggests that only a single-digit percentage is actively used. The figure is often cited as evidence that onchain finance remains a toy: a great deal of tokenized “value,” but very little of it operating in public markets.

    That criticism is not without merit. An asset that moves onchain, incurs transaction fees and gains no additional utility is a worse product than the traditional asset it replicates. However, the statistic used to support that criticism is nearly meaningless—not because the percentage is too low, but because both sides of the calculation are misleading.

    Where tokenized RWA utilization figures come from

    The sub-1% estimate covers only three tokenized money market funds, rather than the broader market. BlackRock’s BUIDL, Circle’s USYC and Franklin Templeton’s iBENJI hold a combined $7.2 billion and have approximately $50 million deployed.

    Expanding the sample produces a utilization rate of 11.7% according to DeFiLlama. Using CoinShares’ $7.4 billion second-quarter estimate against RWA.xyz’s $38 billion total produces a figure of about 19%. The resulting 20-fold gap reflects the lack of agreement over what should be measured, not necessarily a change in the underlying market.

    Why the denominator distorts the calculation

    According to Bernstein research, private credit accounts for approximately 47% of the $51 billion in tokenized real-world assets onchain. Private credit also tends to move infrequently in traditional finance. Tokenization does not change its redemption schedule or its holder base.

    Including private credit in the denominator of a metric intended to measure composability is therefore a category error rather than evidence of disappointing adoption. A meaningful assessment of DeFi usage must distinguish between assets designed for frequent onchain activity and assets whose underlying structure makes limited movement normal.

  • First-Ever Spot XRP ETF Plunges 45%

    First-Ever Spot XRP ETF Plunges 45%

    The world’s first spot $XRP ETF has dropped nearly 45% from its all-time high, highlighting continued volatility in the cryptocurrency as it struggles to break above key resistance levels.

    Hashdex Nasdaq $XRP Fundo de Índice (XRPH11), listed on Brazil’s B3 exchange, closed at $2.11 on Friday. That price represents a 44.45% decline from the fund’s peak.

    Brazil’s first spot $XRP ETF extends its decline

    Launched in April 2025, XRPH11 became the first spot $XRP ETF to provide direct exposure to the cryptocurrency through a regulated exchange-traded fund structure. The fund tracks the Nasdaq $XRP Reference Price Index and holds $XRP directly.

    After rising sharply in the months following its launch, XRPH11 entered a prolonged downturn that intensified throughout 2026. The fund is now down more than 57% over the past year and approximately 31% year to date.

    XRPH11 all-time price chart. Source: TradingView

    North American spot $XRP ETFs attract larger inflows

    Although Brazil pioneered the spot $XRP ETF market, larger North American markets soon surpassed it.

    Canada launched its first spot $XRP ETFs in June 2025. Purpose Investments introduced XRPP, while 3iQ listed XRPQ on the Toronto Stock Exchange. Both funds offered regulated $XRP exposure supported by institutional-grade custody solutions.

    The United States followed later in 2025 with several spot $XRP ETF launches. Products from REX-Osprey, Canary Capital, Bitwise, Grayscale, Franklin Templeton, and 21Shares expanded access to $XRP through traditional brokerage accounts.

    By 2026, seven spot $XRP ETFs were trading in the United States. Together, they had attracted approximately $1.5 billion in cumulative net inflows and held more than 1 billion $XRP tokens in custody.

    Limited impact on $XRP price discovery

    Despite being the first product of its kind, XRPH11 has had a limited effect on $XRP price discovery compared with its North American counterparts.

    The Brazilian $XRP investment fund attracted relatively modest assets, while institutional capital and trading volumes increasingly shifted toward larger U.S. and Canadian products.

    At the same time, broader cryptocurrency market volatility and continued token releases from escrow weighed on investor sentiment.

    At press time, $XRP was trading at $1.38, down approximately 2.5% over the previous 24 hours. On the weekly timeframe, the asset had declined nearly 7%.

    $XRP seven-day price chart. Source: Finbold

    Overall, $XRP’s recent momentum has been pressured by the broader retreat across the cryptocurrency market.

    Featured image via Shutterstock

  • HYPE Price Surges as Whale Activity Signals Potential for Another Leg Higher

    HYPE Price Surges as Whale Activity Signals Potential for Another Leg Higher

    $HYPE price has broken above the $70-$75 resistance band, extending its recovery into the $80-$85 region and significantly improving Hyperliquid’s weekly market structure. The move has coincided with renewed whale-sized activity in Hyperliquid’s spot market, while recent trading volumes have cooled from previously overheated levels.

    This combination places $HYPE at a pivotal technical juncture. If buyers can establish $75 as support, the next advance could target $90 and potentially $100.

    Whale Activity Enters the Higher Price Range

    Spot-market data provides an important confirmation of the recent price action. Hyperliquid’s Spot Average Order Size chart shows larger orders becoming more prominent as $HYPE advances, with recent whale-sized activity appearing near the upper end of the range displayed on the dashboard.

    The presence of larger orders at elevated prices suggests that significant market participants are active around the breakout, rather than the rally being driven solely by smaller transactions. If sizeable orders continue to appear while $HYPE holds above the breakout zone, they could provide stronger evidence that liquidity is supporting the new trading range.

    The Spot Volume Bubble Map offers additional context. Recent readings have moved toward cooling conditions after earlier heating and overheating phases. This indicates that trading intensity has moderated while the price remains elevated, creating a healthier setup than one in which price continues accelerating alongside increasingly extreme volume.

    $HYPE Price Analysis: Why $75 Matters

    Hyperliquid’s weekly chart shows a series of technical thresholds rather than an isolated price spike. After forming a base around $40-$45, the token recovered through the $55-$60 region before spending time absorbing supply below $75.

    $HYPE has maintained the higher-low sequence established during its recovery, while the latest breakout has pushed the price into the $80-$85 region. A successful retest of $75 would confirm that buyers have absorbed the supply previously concentrated around that level.

    From there, a sustained move above $85 would bring $90 into focus. A breakout through the $90-$95 area could then place the psychological $100 threshold in play. The weekly RSI has also risen alongside the price, reflecting the strength of the advance.

    The path toward $100 now depends primarily on whether the market accepts prices above the breakout zone. $HYPE has shown that buyers can clear $75; the next test is whether they can defend that level as profit-taking and new supply enter the market.

    Continued whale-sized activity at higher prices would strengthen the setup if it occurs alongside stable spot prices and a series of higher lows. A decisive break above $85-$90 would provide further confirmation that demand is absorbing the available supply.

    Conversely, a loss of $75 followed by a break below $70 would weaken the breakout thesis. In that scenario, $HYPE could revisit the $60-$65 region, where the previous consolidation offers a more substantial support reference.

    Final Outlook for $HYPE

    $HYPE price has moved beyond a multi-month resistance structure, but the breakout’s durability is still being established. Whale data adds significance to the current setup because larger orders are appearing as $HYPE trades at elevated levels, while the volume profile no longer shows the same degree of overheating seen during the strongest phase of the advance.

    If $HYPE converts $75 into firm support and subsequently clears $90, the $100 level becomes a credible next target. Until then, the breakout’s quality will depend above all on whether buyers can defend the ground they have reclaimed.

    Source: cryptonews.net