Daily News 19

Author: Evan Mercer

  • New TRX ETF Launches on CBOE with a Surprisingly Quiet Start

    New TRX ETF Launches on CBOE with a Surprisingly Quiet Start

    Canary Staked TRX ETF Debuts on CBOE With Zero First-Day Net Flows

    The first spot TRX exchange-traded fund in the United States, launched by Canary Capital, began trading on September 10 at the Chicago Board Options Exchange (CBOE). The debut registered no net inflows and minimal trading activity, contrasting sharply with the enthusiasm seen in other recent crypto ETF launches.

    First-Day Performance Metrics

    According to data from SoSoValue, the Canary Staked TRX ETF (TRXS) closed its opening session with:

    • Zero net flows
    • Trading volume of approximately $16,700
    • Net assets under management of $50.38 million
    • Management fee of 1.10%

    The fund supports both cash creation and redemption as well as in-kind transactions, providing operational flexibility for authorized participants.

    TRX Token Price Unaffected by Launch

    The underlying asset, TRX, traded around $0.338 at launch, reflecting a 3% gain over the prior week. However, the token showed no discernible price reaction to the ETF’s debut. Price action remained consolidated within a narrow $0.33–$0.34 range during the week preceding the launch, with no movement in either direction following the event.

    Fee Structure May Influence Early Adoption

    The 1.10% management fee could weigh on early adoption. Cost-sensitive investors have access to alternative crypto investment vehicles with lower expense ratios, potentially limiting initial inflows into TRXS.

    Structural Significance vs. Market Demand

    The launch represents a significant structural milestone: TRON now has a formal presence in the U.S. ETF market, broadening traditional investors’ access to TRX without requiring direct custody. However, first-day figures reveal that institutional and retail demand has yet to materialize in any concrete form.

    The market appears to be in a wait-and-see mode, assessing whether the product can gain traction in the coming weeks. The absence of opening-day flows does not condemn the fund’s long-term prospects, but it sends a clear initial signal: the infrastructure is active, regulatory access exists, and the remaining question is whether genuine investor interest will follow the structure.

  • BTC Holds Above $77,000 as Hourly Momentum Turns Bearish

    BTC Holds Above $77,000 as Hourly Momentum Turns Bearish

    Bitcoin Holds $77K as Daily Uptrend Persists Despite Fading Momentum and Short-Term Weakness

    As of September 11, 2026, Bitcoin trades at $77,218.01, maintaining a bullish daily structure even as underlying momentum shows signs of decay. The broader cryptocurrency market declined 2.31% on the day, yet Bitcoin dominance held firm at 58.15%, signaling capital concentration in BTC while altcoins absorb heavier selling pressure.

    Key Takeaways

    • Bitcoin price at $77,218.01 remains above all three major daily moving averages (EMA20, EMA50, EMA200).
    • Daily MACD histogram turns negative at -736.19, indicating decelerating momentum despite intact uptrend.
    • 1-hour chart displays a full bearish moving average stack with RSI14 at 45.68.
    • Fear & Greed Index sits at 56 (Greed), suggesting sentiment has not yet adjusted to intraday weakness.
    • Bitcoin dominance at 58.15% signals capital flight into BTC as total market cap contracts.

    Daily Structure: Bullish Trend Intact, Momentum Cooling

    Bitcoin’s daily chart confirms an unbroken uptrend, with price positioned above the EMA20 ($77,018.30), EMA50 ($72,881.04), and EMA200 ($72,271.40). This classic bullish stacking is supported by a daily RSI14 reading of 54.87 — neutral to firm, leaving room for extension should buyers re-engage.

    However, momentum indicators tell a more cautious story. The daily MACD line (2,016.8) remains above zero but has crossed below its signal line (2,752.99), producing a negative histogram of -736.19. This reflects a market that rallied sufficiently to hold above key averages, yet where the propulsive force behind the advance is fading — a textbook decelerating uptrend rather than a fresh breakout.

    Bollinger Bands reinforce this view: price trades below the mid-band ($78,621.15) and drifts toward the lower band ($76,276.11), rather than testing the upper band ($80,966.20). Average True Range (ATR14) stands at 2,234.41, indicating wide daily ranges and suggesting any directional resolution will arrive with velocity.

    The daily pivot rests at $77,718.20, with price currently below it. Resistance (R1) sits at $79,389.81 and support (S1) at $75,546.39. Trading beneath the pivot while the broader trend structure remains bullish favors patience over directional conviction.

    Short-Term Timeframes: Concentrated Weakness on 1H and 15m

    Intraday charts reveal a clear bearish shift. On the 1-hour timeframe, price ($77,200.48) trades below its EMA20 ($77,585.80), EMA50 ($77,749.40), and EMA200 ($78,489.49) — a full bearish moving average stack. RSI14 at 45.68 confirms seller control over recent sessions.

    A minor nuance: the 1H MACD histogram is slightly positive at 37.6 (line 72.53 above signal 34.93), hinting at nascent momentum stabilization. However, this signal is too small to constitute a reversal call, especially against a backdrop of macro uncertainty — including political overhang and regulatory ambiguity — that contrasts with the constructive daily structure.

    On the 15-minute chart, the picture remains soft. RSI14 at 40.24 and a clearly negative MACD histogram (-147.14) show sellers active into the latest candles. Price is pinned near its pivot ($77,190.01), with R1 at $77,226.01 and S1 at $77,156.00 defining a tight, indecisive range. The 15m chart signals a market awaiting a catalyst.

    Sentiment and Flows: Greed Persists Amid Pullback

    The Fear & Greed Index at 56 (Greed) has not yet recalibrated to match the 2%+ market decline, creating a notable sentiment-price disconnect. This can precede either a dip-buying resurgence that validates the daily uptrend, or a sharper flush if the 1H downtrend extends and forces overdue sentiment correction.

    On-chain data paints a mixed picture. Uniswap V4 fees rose double-digits over 24 hours, while Curve DEX fees dropped sharply over 7 days despite a strong 30-day trend. This divergence points to choppy, uneven risk appetite across DeFi rather than a clean directional read.

    Bullish Scenario: Reclaim Daily Pivot and EMA20

    Bulls need price to recapture the daily EMA20 ($77,018.30) and pivot ($77,718.20) to confirm the uptrend remains dominant. As long as price holds above the EMA50 ($72,881.04), the daily structure stays intact. A move back above the Bollinger mid-band ($78,621.15) would signal momentum re-acceleration, opening a path toward R1 at $79,389.81.

    Invalidation: A convincing break below daily S1 ($75,546.39) driven by deepening 1H bearish structure would shift the narrative from digestion to something more serious.

    Bearish Scenario: 1H Downtrend as Leading Edge of Deeper Correction

    Bears argue the 1H downtrend represents the vanguard of a larger correction, with regulatory and political uncertainty providing catalyst for continued de-risking. A break of daily S1 ($75,546.39) and sustained trade below the lower Bollinger Band ($76,276.11) would confirm the correction has legs.

    Invalidation: Reclaim of the 1H EMA200 ($78,489.49) coupled with daily RSI pushing convincingly above 55–60 would signal bulls back in control across timeframes, not just on the daily chart.

    What This Means for Traders

    Current price action reflects a market undecided on whether recent gains mark the start of a larger advance or a level requiring retest before trend continuation. The daily bullish regime, 1H bearish regime, and 15m indecision are not conflicting stories — they are a single narrative of a market pausing after a strong run, with sentiment still greedy and dominance favoring Bitcoin.

    ATR readings across timeframes imply the next move will not be slow. With dominance near 58% while total market cap contracts, altcoin exposure appears more vulnerable to downside than BTC itself. This is not a setup for blind conviction. The next few daily closes relative to the EMA20 and pivot levels will likely determine which scenario the market commits to.

    Frequently Asked Questions

    What is Bitcoin’s price today?

    Bitcoin trades at $77,218.01 as of September 11, 2026, hovering below its daily pivot of $77,718.20 but still above all three major daily moving averages.

    Is Bitcoin’s daily trend still bullish?

    Yes. The daily structure remains technically bullish with price above the EMA20 ($77,018.30), EMA50 ($72,881.04), and EMA200 ($72,271.40). However, MACD momentum is decelerating, suggesting the uptrend is maturing rather than accelerating.

    What does the Fear & Greed Index indicate?

    The index reads 56 (Greed), signaling sentiment has not yet washed out to match the intraday pullback. This leaves room for either a dip-buying resurgence or a sharper correction.

    What are the key levels to watch for Bitcoin?

    Critical levels include the daily pivot at $77,718.20, resistance at R1 ($79,389.81), and support at S1 ($75,546.39). A break above the Bollinger mid-band ($78,621.15) would signal renewed momentum, while a drop below S1 would suggest the correction has further to run.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice, an investment recommendation, or a solicitation to buy or sell any financial instrument or cryptocurrency. The analysis provided is not indicative of future results. Investing in crypto assets and financial markets carries a high risk of capital loss. Always do your own research (DYOR) and consult a qualified financial advisor before making any decision.

    Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

  • Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision

    Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision

    U.S. Inflation Data Delivers Mixed Signals as Core CPI Runs Hot

    The latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics gave markets a mixed bag on Friday. Headline inflation rose 3.4% year-over-year and 0.4% month-over-month, both matching consensus estimates and matching July’s annual pace. However, core CPI—which excludes food and energy—told a more nuanced story. The annual core rate cooled to 2.4% from 2.5%, its lowest level since 2021, but the monthly core reading came in at 0.3%, exceeding the 0.2% analysts had forecast. That hotter-than-expected monthly core figure is the detail markets zeroed in on as the Federal Reserve approaches its September 15-16 policy meeting.

    Fed Rate Hike Probabilities Tick Up

    The report lands five days before the Fed’s next decision, the last major data point Chair Kevin Warsh’s committee will see before voting. Warsh used his first Jackson Hole keynote to say the Fed still has “work to do” on inflation. Three regional Fed presidents already dissented in favor of a hike at the July meeting, so a move would not be entirely unexpected. CME FedWatch, which tracks probabilities implied by 30-day Fed funds futures, puts the odds of a 25-basis-point hike at roughly 69%. Prediction markets are slightly more cautious: Polymarket prices the same outcome at 62%, and Myriad—the platform run by Decrypt’s parent company Dastan—has it at 61%.

    Crypto Market Rallies Despite Initial Dip

    Bitcoin initially dipped on the news but quickly reversed, climbing back toward $79,000 as the broader market digested the implications for interest rates. Ethereum led major assets higher, surging 7.48% on the day to reclaim $2,611, while Solana rose 4.53% back above $100. Zcash stood out across the top 10, gaining 23.09% over the past week alongside a 4.71% daily gain. Total crypto market capitalization climbed back near $2.7 trillion.

    Sentiment swung hard with the price action. The Crypto Fear & Greed Index, which had slipped to 56 after Thursday’s hot producer-price report, jumped back to 73—firmly in “greed” territory—while the Altcoin Season Index sits at 38, indicating Bitcoin still dominates the ecosystem as traders lack enough risk appetite for a full altcoin rotation. Spot Bitcoin ETFs continue to show a net outflow of roughly $330.5 million on the day, a reminder that this rally hasn’t yet pulled fresh institutional money off the sidelines.

    Derivatives activity climbed alongside the rally. Open interest across crypto futures rose 1.52% to $429.99 billion, with 24-hour trading volume up 2.27% to $877.11 billion. The volatile session triggered $897.09 million in liquidations, split between $493.85 million in long positions and $403.24 million in shorts.

    Bitcoin Price Analysis: Golden Cross Forms on Daily Chart

    Bitcoin opened Friday at $76,529 and briefly dipped toward the day’s $76,040 low in the minutes after the CPI print—an initial hawkish reaction before the market reversed hard. Bulls have since taken over, pushing BTC as high as $79,837 through the session. The asset now trades near $79,007, a 3.24% gain on the day and nearing the psychologically significant $80K mark.

    Bitcoin price data. Image: Tradingview

    Golden Cross Signals Medium-Term Trend Shift

    The chart’s biggest structural shift is the exponential moving average (EMA) crossover. Bitcoin’s 50-day EMA has now crossed above its 200-day EMA, forming a golden cross—a setup traders read as confirmation that the medium-term trend has flipped bullish rather than a warning of a coming reversal, which the opposite death cross would signal. The crossover just happened, meaning it is not technically confirmed yet; there isn’t yet a significant gap between both averages, so traders would be wise to keep their champagne in the refrigerator for a couple of days.

    Momentum Indicators Support Upside

    The Relative Strength Index (RSI) sits at 59.7—bullish territory and well below the 70 reading that would flag the move as overbought. The Average Directional Index (ADX), which measures trend strength regardless of direction, reads in the 40s, comfortably above the 25 threshold that separates a real trend from noise, with the DI+ line above DI- confirming buyers remain in control.

    Key Levels to Watch Ahead of Fed Decision

    The key zone to watch sits below current prices: a Fibonacci retracement drawn off the summer’s $68,858 low to the $82,281 high hit in late August places Bitcoin’s golden zone—the retracement band bulls need to defend—between $73,986 and $75,569. Above that, the $82,281 high from late August remains the level that needs to break for the rally to extend before the Fed’s rate decision on Wednesday at 2:00 PM ET.

    Myriad: $BTC next move: Pump to $84K or Dump to $55K? Click to make your prediction.

    Disclaimer: The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

  • Crypto Exchange Recovery Rules Divide NES Holders Into Winners, Losers After $286M Exploit Fallout

    Crypto Exchange Recovery Rules Divide NES Holders Into Winners, Losers After $286M Exploit Fallout

    NES Token Resumes Trading on Binance Alpha and Kraken After Security Incident

    Nesa’s NES token returned to trading on Binance Alpha and regained Ethereum funding support on Kraken on September 10, following exchange-specific interruptions tied to an August 24 token-contract security incident. The restorations are not a network-wide relaunch or a single recovery plan, and they do not establish a universal migration process for NES held in private wallets.

    Binance Alpha: Two-Snapshot System for Swaps and Refunds

    Binance Alpha is using two separate snapshots to determine eligibility for a 1:1 token swap versus refund treatment on its platform. According to the exchange’s announcement, users who held NES before August 24 at 14:51 UTC must also have held an eligible portion when trading was suspended on September 5 at 04:00 UTC to qualify for the 1:1 swap for that portion.

    Any additional NES acquired after the August 24 cutoff is excluded from the 1:1 swap and will be subject to separate refund treatment. Binance stated that users with eligible net purchases during the specified window would receive an email with refund details within seven business days. The announcement does not disclose the complete refund formula or support a claim that every affected holder will be made whole.

    Trading was scheduled to reopen at 08:00 UTC on September 10. Users should check which snapshot category applies to their balance and monitor the email address linked to their account.

    Kraken: Ethereum-Only Migration, BNB Chain Funding Disabled

    Kraken’s incident page confirmed that NES covered by its funding incident would migrate 1:1 to a new Ethereum contract. The exchange scheduled Ethereum deposits and withdrawals to resume at 14:00 UTC on September 10 and marked the funding incident resolved 12 minutes later.

    Kraken explicitly stated that NES funding on BNB Chain would remain disabled and only Ethereum-based NES would be supported going forward. Customers moving NES to or from Kraken should select Ethereum and verify the new contract details in Kraken’s official notice before transferring funds.

    No Universal Migration for Self-Custodied Holders

    The exchange-managed actions do not determine what happens to NES held outside Binance Alpha or Kraken. Self-custodied holders should not assume that Binance’s snapshot windows or Kraken’s automatic migration apply to tokens in their own wallets.

    As of press time, Nesa’s public official site and general wallet documentation did not provide incident-specific self-custody migration steps. Until Nesa publishes or directly verifies a route, holders should verify any contract address and migration process through official Nesa channels before approving a contract interaction or moving old-contract tokens.

  • Robinhood Crypto Trading Volume Jumps 61% in August

    Robinhood Crypto Trading Volume Jumps 61% in August

    Robinhood Crypto Volume Surges 61% in August, but Prediction Markets Steal the Show

    Robinhood Markets reported a sharp rebound in cryptocurrency trading activity during August, though the standout growth story remains its rapidly expanding prediction market business.

    Crypto Trading Rebounds From July Lows

    Notional crypto trading volume—the total dollar value of assets bought and sold on the platform—jumped 61% month over month to $17.5 billion in August, according to operating data released Thursday. The increase follows a sluggish July, when volume sat at $10.9 billion.

    Despite the monthly gain, August volume remained 38% below the $28.1 billion recorded in the same month last year, highlighting the persistent year-over-year decline in retail crypto engagement.

    Platform Breakdown: App vs. Bitstamp

    • Robinhood App: $7.4 billion in volume, up 72% from July but down 46% year over year.
    • Bitstamp: $10.1 billion in volume, up 53% month over month. Robinhood acquired the exchange in 2025.

    Combined, the two platforms averaged $565 million per day in crypto trading volume during the month.

    Broader Platform Metrics Show Strength

    Crypto represents a small slice of Robinhood’s overall balance sheet. Key platform-wide figures for August include:

    • Total platform assets: $384 billion, up 26% year over year.
    • Funded customers: 28.6 million (users with at least one transaction in the trailing 45 days).
    • Margin loans: $21.5 billion, up 72% from a year ago.

    Event Contracts Emerge as Breakout Business

    The most striking growth metric isn’t crypto at all. Event contracts—Robinhood’s prediction market bets on outcomes like Federal Reserve rate decisions or sports results—traded 4.7 billion times in August.

    While that represents a 23% decline from July, it marks a roughly 15-fold increase from the 300 million contracts traded in August 2025. Each contract functions as a binary wager: buy a “yes” for a few cents, and it pays $1 if correct, zero if wrong.

    That explosive growth has turned prediction markets into Robinhood’s fastest-growing revenue line. In the company’s record quarter reported in July, event contract revenue surged more than tenfold year over year to $156 million, overtaking crypto as a source of transaction income.

    Infrastructure and Partnerships

    Robinhood operates these products through partner exchanges Kalshi and ForecastEx, as well as its own joint venture Rothera. As of the July earnings report, Rothera had processed more than 3.5 billion contracts since its June launch.

    Regulatory Scrutiny Intensifies on Capitol Hill

    The rapid rise of prediction markets has drawn legislative attention. Since January, lawmakers have introduced more than 10 bills targeting the sector, including the PREDICT Act, which would prohibit members of Congress, the president, and other senior officials from trading contracts tied to political events.

    Critics argue that placing sports and political wagers alongside retirement accounts blurs the line between investing and gambling—a tension regulators are still working to resolve.

    Robinhood Chain Gains Traction on Ethereum Layer 2

    The company’s blockchain bet is also accelerating. Robinhood Chain, an Ethereum Layer 2 network designed to process transactions faster and cheaper before settling to the mainnet, logged $1.6 billion in daily trading volume on decentralized exchanges as of September 1—a 61% increase in just four days.

    Market Reaction and Upcoming Catalysts

    Despite the strong operating data, Robinhood shares (HOOD) slipped 0.83% on Thursday. Analysts at Mizuho and StoneX raised their price targets this week, citing the company’s broader growth trajectory.

    Robinhood’s next quarterly earnings report is expected November 4.

  • Analyst Flags Ethereum Breakout Setup With $15K Target

    Analyst Flags Ethereum Breakout Setup With $15K Target

    Ethereum ($ETH) is retesting a critical resistance line that has only been touched twice before—in 2021 and again around 2025. According to trader Crypto Patel, this third test represents the “biggest breakout setup yet” for the cryptocurrency.

    In a chart shared Friday, Patel outlined a potential path toward $5,000, then $10,000, and ultimately $15,000 if the resistance breaks. At the time of the analysis, $ETH was trading near $2,500—still less than half its all-time high.

    The Chart Behind the $15K Call

    “$ETH is retesting a multi-year resistance zone for the 3rd time after holding its long-term accumulation support,” stated Patel as he shared a chart tracing a descending trendline from 2018 to 2021, marked by three lower highs before ETH broke out into that year’s rally.

    The same horizontal resistance capped the price at the 2021 peak and again near 2025, with the current test drawn as the third touch of that line. Below it, a wide band the analyst called the “Best Accumulation Zone” has caught every major pullback since, with a rising trendline running through it that ETH is still sitting just above—around $2,460 on the chart’s own reading.

    The target ladder is more granular than the $5K, $10K, $15K shorthand in Patel’s caption suggests. The chart itself marks $3,270 and $4,892 as the first two levels, with $5,500 also flagged, before the path opens toward $10,000 and then $15,000.

    Current Market Context

    At the time of writing, spot ETH had changed little in 24 hours but was down about 1% on the week and roughly 44% below where it traded a year ago. Over one month, however, the asset showed gains of 31%—although even that jump kept it 50% below its August 2025 all-time high.

    Trading volume jumped close to 28% in the past 24 hours to near $16.3 billion, a sign of fresh activity around the level Patel is watching.

    Experts Split Between Breakout and Pullback

    Analyst NoName, posting on Thursday, offered a different perspective, noting that ETH had just finished a Wave 3 impulsive move and writing that “the next phase of the structure should be a Wave 4 correction.”

    They pointed to $2,324 as the first support to watch, with a bounce toward $2,784 to $2,966 possible if buyers defend it, or a drop to the $2,112 to $2,222 zone if it fails. Only a daily close under $2,050 would scrap the setup entirely.

    Several other market watchers have also been keeping an eye on the $2,500 to $2,550 area, with some expecting a move toward $3,000 after a strong weekly close above resistance and others anticipating a retreat toward $2,000 first.

  • What Happens If the CLARITY Act Bill Doesn’t Pass?

    What Happens If the CLARITY Act Bill Doesn’t Pass?

    CLARITY Act Faces Critical Senate Vote as Industry Warns of Regulatory Vacuum

    With the Senate vote on the CLARITY Act just days away, Digital Chamber CEO Cody Carbone outlined the likely scenarios if the legislation fails to pass—and he isn’t sugarcoating the odds of a quick legislative fix.

    Don’t Expect a Lame-Duck Save

    Asked whether the bill could still advance during a lame-duck session or early in the next Congress, Carbone was blunt: “I think that is unlikely,” he said. If the bill cannot move forward in the coming weeks before the election, he expects a very different path to take shape.

    Regulators Move Fast

    Carbone said the most immediate response would come from regulators themselves. “You’re going to see the regulators moving fast and furious,” he said, pointing to SEC Chairman Paul Atkins, who is already signaling they’ll implement CLARITY’s goals through guidance and rulemaking rather than waiting on Congress. He expects that to start with an innovation exemption from the SEC, arriving quickly if the bill stalls.

    A “Skinny” Version Could Emerge

    The second path Carbone outlined involves breaking the bill apart. He reminded stakeholders that CLARITY isn’t one clean piece of legislation—it’s an amalgamation of roughly 40 to 50 separate bills merged into one package. That structure, he said, opens the door to pulling out individual provisions and attaching them to must-pass legislation later this year, citing the National Defense Authorization Act—which has passed every year for six decades—as a likely vehicle.

    Carbone was cautious about the odds of that approach working. “I don’t know if the latter will be successful,” he said, but he was confident regulators stepping in independently is the more likely outcome. “That will be the regulatory framework implementation for the next two years. It’ll likely be primarily agency action.”

    If CLARITY fails to clear its September 15 hurdle, Carbone’s read is that Washington doesn’t get a clean do-over anytime soon. Instead, expect regulators to fill the gap through rulemaking, with a slim chance that individual provisions get revived by riding along on unrelated must-pass bills before year’s end.

  • Hyperliquid’s Biggest Risk Is Regulation, Ran Neuner Says

    Hyperliquid’s Biggest Risk Is Regulation, Ran Neuner Says

    Crypto Banter founder Ran Neuner has identified regulatory uncertainty as the primary risk facing Hyperliquid, warning that decentralized exchanges could soon encounter intensified government scrutiny. Speaking on Cointelegraph’s Chain Reaction podcast, Neuner explained that regulators have begun establishing frameworks for centralized crypto platforms and predicted that decentralized venues would be the next target.

    Regulatory Timeline: Centralized First, Decentralized Next

    “The biggest issue is that we don’t know how regulators are going to treat the decentralized exchanges,” Neuner said. He added:

    The governments have just started to regulate centralized exchanges. There’s MiCA licensing, et cetera, et cetera. And I think that when that’s done, they come in for the decentralized exchanges.

    Hyperliquid operates as a layer-1 blockchain best known for its decentralized perpetual futures exchange. According to DeFiLlama data, the platform leads the sector with approximately $223 billion in trading volume over the past 30 days.

    Hyperliquid leads perpetual DEXs by 30-day volume. Source: DeFiLlama

    Network Effects Create Competitive Moat

    While Neuner flagged regulation as Hyperliquid’s most significant vulnerability, he expressed stronger confidence in the platform’s ability to withstand competitive pressure. He argued that Hyperliquid’s network effects make it difficult for rivals to challenge the platform merely by replicating its technology.

    “You can’t copy a network,” he said. “There can be a thousand competitors to Uber. How many of them are going to succeed? Hardly any.”

    Neuner said the same dynamic applies to trading platforms, where users gravitate toward exchanges with deeper liquidity because it allows them to enter and exit positions more easily.

    When something is a network, naturally users will flock to the busiest or the best node.

    U.S. Compliance Pathway Emerges Amid Token Rally

    Despite Neuner’s regulatory concerns, U.S. officials have signaled that Hyperliquid could secure a compliant pathway into the American market. President Donald Trump said in August that CFTC Chair Michael Selig was working to bring Hyperliquid into the U.S. in a “fully compliant and legal fashion.” The $HYPE token jumped approximately 20% over the 24-hour period surrounding the remarks, trading around $70 at the time.

    As of the August announcement, neither the CFTC nor Hyperliquid had released a formal proposal detailing how U.S. access would function, whether an application had been submitted, or when a compliant service could launch.

    On Friday, $HYPE was trading around $82, up more than 220% year-to-date, according to CoinGecko. The token held a market capitalization of about $18.2 billion and a fully diluted valuation of roughly $78.4 billion.

    $HYPE token price year-to-date. Source: CoinGecko

    Related: $HYPE treasury firm Hyperliquid Strategies boosts equity facility to $2.5B

  • Top 3 Trending Crypto Coins Today: STONK, RAY Surge as LAPTOP Falls

    Top 3 Trending Crypto Coins Today: STONK, RAY Surge as LAPTOP Falls

    CoinGecko India Trending List Reveals Sharp Divergence in Crypto Market Attention

    CoinGecko’s India trending list for September 11, 2026, highlights a pronounced split in crypto market focus, with $STONK ranking first, Hunter Biden’s Laptop ($LAPTOP) second, and Raydium ($RAY) third. Over the past 24 hours, $STONK surged 30.5%, $LAPTOP plunged 48.5%, while $RAY climbed 18.6%.

    The three tokens illustrate how extreme price fluctuations and speculation drive attention, though trending status does not necessarily signal buying pressure or robust fundamentals.

    $STONK’s 1,271.7% Weekly Rally Raises Reversal Risks

    As of September 11, 2026, CoinGecko’s India trending list shows $LAPTOP, $STONK, and $RAY as the top three trending cryptocurrencies. $STONK trades at approximately $0.30 with a 1,266–1,388% increase over seven days, a 24-hour move exceeding 30–46%, a market cap of around $250–260 million, and 24-hour trading volume of over $90–135 million.

    $LAPTOP currently trades between $0.43 and $0.64, with a market cap in the $150–220 million range, maintaining high search interest despite a 49.0% drop in the last 24 hours. Raydium trades near $1.59–$1.65, up approximately 18–20% in 24 hours and around 94–98% over seven days, with a market cap near $428–444 million.

    Source: CoinGecko

    Taken together, the ranking shows that Indian crypto search behaviour is strongly biased toward assets displaying the most dramatic short-term percentage changes—whether parabolic gains or sharp declines—and toward memes and narratives combining memetic influence with a topical trigger. CoinGecko estimates recent search intensity, not buying pressure.

    At the same time, $STONK’s massive weekly rally raises obvious sustainability concerns. Liquidity remains thin relative to trading activity levels, and top-holder concentration exposes the token to coordinated selling. Momentum and narrative now prevail, increasing the likelihood of slippage and sudden reversals on large exits.

    $LAPTOP Trends Despite Decline; Raydium’s 97.9% Surge Shows Stronger Fundamental Support

    Despite a 43.9% 24-hour crash, $LAPTOP still features among CoinGecko’s top searched assets, demonstrating that extreme volatility can sustain attention even amid price drops. Traders have been monitoring the token’s next move following a decline of over 99% from its launch price near $199.51. This suggests searches may reflect panic, loss checking, bounce speculation, and curiosity—rather than accumulation or increased demand.

    Conversely, $RAY has rallied approximately 97.9% in seven days, supported by more tangible Solana ecosystem activity. $RAY has seen significant trading volumes, transactions, total value locked (TVL), and fee generation, with a positive rise in LaunchLab usage boosting activity around new token launches and liquidity.

    Recent fees of approximately $369,000 daily and $887,000 weekly offer a better correlation between protocol activity and $RAY’s performance. This provides $RAY with a more solid footing than $LAPTOP’s attention-driven momentum, though the rally remains subject to speculative trading and reversal risk.

    What Indian Crypto Traders Should Verify Before Treating CoinGecko Trends as Buy Signals

    Indian crypto traders must examine trading volume, liquidity, slippage, price structure, and wallet concentration before using a CoinGecko trending ranking as a buying signal. They should also correlate price appreciation with on-chain activity and sector performance. For Raydium, TVL, DEX volume, transactions, fees, and LaunchLab usage serve as better indicators than search interest alone.

    Trending status indicates where market focus lies, not necessarily where capital flows. Traders should monitor whether volume remains elevated for several days, liquidity grows, and active addresses and holder counts increase. If protocol fees, TVL, DEX activity, and LaunchLab usage all rise together, that signals genuine speculative rotation; declining volume or concentrated ownership points to short-term hype.

  • Grayscale Research Head Predicts Crypto ‘Speed Bump’ Scenario

    Grayscale Research Head Predicts Crypto ‘Speed Bump’ Scenario

    Grayscale’s Head of Research, Zach Pandl, suggests the latest U.S. inflation data could present a temporary speed bump for cryptocurrency markets. The August Consumer Price Index (CPI) report revealed hotter-than-expected headline inflation, increasing the probability of another Federal Reserve rate hike.

    August CPI Details: Headline Heat, Core Cooling

    The Bureau of Labor Statistics reported that headline CPI rose 0.4% month-over-month, while the annual rate held steady at 3.4%. However, the annual core inflation rate—which excludes volatile food and energy prices—eased to 2.4%. This figure aligns with economist forecasts and marks the lowest level since 2021.

    Pandl: High-ish core CPI means decent chance of Fed rate hike

    Reacting to the data on X (formerly Twitter), Pandl highlighted the mixed signals. High-ish core CPI means decent chance of Fed rate hike,” he wrote on X. “This is a ‘speed bump’ scenario for crypto.

    Despite the heightened rate-hike expectations, Pandl does not anticipate a severe correction in digital assets. He argued that any near-term weakness would likely be limited, potentially offering a secondary entry point for investors who missed August’s rally. In my opinion, dips will be shallow and will create an opportunity for allocators that missed the August price jump, the Grayscale executive said.

    Market Probability Spikes; Economists Weigh In

    Financial markets reacted swiftly to the report. Traders briefly priced in roughly an 85% probability of a rate hike, with Bianco Research founder Jim Bianco noting the probability climbed to about 90%. Economist Robin Brooks characterized the report as unfavorable for the central bank, arguing the stronger reading could push policymakers toward tightening.

    Tighter monetary policy typically raises borrowing costs, a dynamic historically bearish for risk assets like Bitcoin (BTC).

    Long-Term Disinflation Trend Intact

    Several analysts emphasized that the broader disinflationary trajectory remains intact. The core CPI annual rate continues to march toward the Fed’s 2% target. Analyst James E. Thorne opined that the 2.4% annual reading serves as evidence that inflation remains on a longer-term downward trajectory. Geiger Capital similarly noted that core inflation has now reached its lowest level since 2021.

    As of the latest data, Bitcoin is trading at approximately $78,772, according to CoinGecko.