Son Min

Jan van Eck, the CEO of U.S. asset manager VanEck, expressed a desire to become part of the Hyperliquid (HYPE) ecosystem. On the 9th (local time), VanEck CEO Jan van Eck said on X (formerly Twitter), "I was deeply impressed by Hyperliquid's products, technology, and decentralized governance," and added, "I look forward to being part of the Hyperliquid ecosystem." He went on to say, "I am already engaging with many HyperEVM builders," and "I will continue to look for new ways to contribute to the Hyperliquid ecosystem." He also said he expects Hyperliquid to be strong. VanEck's CEO said, "I have a bullish outlook on Hyperliquid," and "I have held Hyperliquid for several months already." Meanwhile, according to CoinMarketCap on the previous day (8th), Hyperliquid reached a high of $54.77, setting a new all-time high. As of 5:01 PM, according to CoinMarketCap, Hyperliquid is trading at $54.46, up 8.85% from the previous day.

The global virtual asset (cryptocurrency) exchange Binance will list the dollar-backed stablecoin ENA USDe (USDe). On the 9th (local time), Binance said on its official website, "We will list USDe spot trading pairs today at 21:00 (KST)." Previously, USDe issuer ENA stated that if three conditions are met — △ USDe circulating supply of at least USD 6 billion △ cumulative protocol revenues of at least USD 250 million △ USDe listed on at least 4 of the top 5 derivatives exchanges — protocol revenues could be distributed to USDe depositors.

Bitcoin(BTC) has surpassed $113,000. As of 3:49 PM on the 9th, on Binance, Bitcoin is trading at $113,056, up 1.72% from the previous day.

Over the past 24 hours, the position liquidation volume in the virtual asset (cryptocurrency) perpetual futures market amounted to 348,540,000 dollars. According to CoinGlass data on the 9th (local time), a total of 348,540,000 dollars worth of futures positions were liquidated in the virtual asset market over the past 24 hours. Specifically, long positions worth 132,570,000 dollars were liquidated, and short positions worth 215,960,000 dollars were liquidated. The asset with the largest liquidation volume was MYX Finance (MYX). MYX Finance saw 64,810,000 dollars of position liquidations over 24 hours, of which long and short positions of 11,680,000 dollars and 53,130,000 dollars, respectively, were liquidated. In second place was Ethereum (ETH). During the same period, Ethereum saw 49,400,000 dollars liquidated, of which long positions accounted for 25,490,000 dollars and short positions for 23,910,000 dollars. Bitcoin (BTC) saw 45,020,000 dollars disappear. The liquidation volumes for long and short positions were 17,310,000 dollars and 27,710,000 dollars, respectively.

Centralized exchanges (CEX) saw Ethereum (ETH) spot trading volume exceed Bitcoin (BTC) trading volume. On the 8th (local time), Unfolded said on X (formerly Twitter) that "Ethereum spot trading volume on centralized exchanges surged, surpassing Bitcoin's trading volume for the first time in five years."

NASDAQ-listed 'Eitco Holdings' that announced World (WLD) reserves surged in the 3000% range. On the 8th (local time), according to Investing.com, Eitco Holdings is trading at 44.7750 dollars, up 2987% from the previous day. Intraday, it once jumped to 57 dollars, rising about 3838% from the previous day. It is interpreted that the earlier announcement of World reserves drew market attention. Eitco said, "We are starting the world's first World financial strategy," and "plan to raise up to 250 million dollars." In addition, the fact that 'Bitmain,' the world's largest Ethereum (ETH) reserve-listed company, pledged a 20 million dollar strategic investment also amplified investor sentiment.

Nasdaq-listed Lion Group Holdings plans to swap its holdings of Solana (SOL) and Sui (SUI) into Hyperliquid (HYPE). On the 8th (local time), according to PR Newswire, Lion Group said in a press release, "We plan to convert all currently held Solana and Sui into Hyperliquid," and said, "Through gradual swaps we will lower the average purchase price and stockpile Hyperliquid for the long term." Wilson Wang, CEO of Lion Group, said, "Hyperliquid is a platform with efficient trading infrastructure," and added, "This swap will significantly improve portfolio efficiency."

Hyperliquid (HYPE) has reached an all-time high (ATH). On the 8th (local time), according to CoinMarketCap, Hyperliquid reached 51.64 dollars, setting an all-time high. As of 10:32 PM, according to CoinMarketCap, Hyperliquid is trading at 51.58 dollars, up 9.57% from the previous day.

Last week, global crypto (cryptocurrency) investment products saw outflows of $352 million (₩488.1 billion). On the 8th (local time), CoinShares said in a report, 'Last week crypto investment products saw outflows of $352 million,' and 'Trading volume also fell 27% compared with the previous week, showing market caution.' However, it said bullish outlooks remain. The report added, 'Although there were net outflows, the year-to-date cumulative inflows are $35.2 billion,' and 'the long-term bullish view remains positive.' By asset, Ethereum (ETH) products led outflows, with $912 million in redemptions. The report said, 'Global Ethereum products recorded net outflows for seven consecutive trading days,' and 'year-to-date cumulative inflows have fallen to $11.2 billion.' By contrast, Bitcoin (BTC) products had net inflows of $524 million. Major altcoins showed positive flows. XRP and Solana (SOL) saw net inflows of $14.7 million and $16.1 million respectively. The report said, 'XRP and Solana continue to see consistent inflows,' noting that over the past 21 weeks the cumulative inflows for XRP and Solana have approached $12.2 billion and $11.6 billion, respectively. By country, outflows from the US were strong. US-based crypto products saw net outflows of about $440 million, while Sweden and Switzerland had outflows of $13.5 million and $2.7 million, respectively. Meanwhile, Germany and Hong Kong had net inflows of $85.1 million and $8.1 million, respectively.

Rectitude Holdings, a safety equipment company listed on Nasdaq, is seeking to accumulate Bitcoin (BTC). On the 8th (local time), according to GlobeNewswire, Rectitude said in a press release, "We will actively pursue a Bitcoin accumulation strategy," and that "we plan to raise up to $32.62 million through the issuance of common stock." Most of the funds raised will be used to purchase Bitcoin. Rectitude said, "Bitcoin is a reliable store of value," and "we do not plan to accumulate other digital assets (cryptocurrencies) besides Bitcoin."

Last week, Nasdaq-listed Bitmain Emergence reportedly acquired an additional approximately 200,000 Ethereum (ETH). On the 8th (local time), according to PR Newswire, Bitmain said in a press release, "Last week we added 202,469 ETH to our reserves," and "our current Ethereum holdings have reached nearly 2,069,443." It added that it also holds 192 Bitcoin (BTC) and $266 million in cash. Tom Lee, Bitmain's chairman, said, "Last week Bitmain passed the milestone of 2 million ETH," and "an Ethereum supercycle will begin going forward."

MicroStrategy has purchased an additional 1955 bitcoins (BTC). It is approximately 302.2 billion won. On the 8th (local time), Michael Saylor, MicroStrategy's founder, said on X (formerly Twitter), "MicroStrategy purchased an additional 1955 BTC ($217.4 million)," and said, "the purchase price per 1 BTC was approximately $111,196." He added, "This year, we achieved a 25.8% return." MicroStrategy currently holds a total of 638,460 BTC. This is approximately $47.17 billion, and the average purchase price is $73,880.

It appears that Grayscale has submitted an S-1 registration statement for a Chainlink (LINK) exchange-traded fund (ETF). On the 8th (local time), according to crypto (cryptocurrency) analyst Lark Davis, Grayscale filed an S-1 for a Chainlink ETF with the U.S. Securities and Exchange Commission (SEC). The ticker is LINK. As of 8:02 PM, Chainlink is trading at 23 dollars on the Binance USDT market, up 3.68% compared to 24 hours earlier.

Nasdaq-listed Faraday Future has reportedly allocated an additional $2 million to its crypto holdings. On the 8th (local time), according to GlobeNewswire, Faraday said in a press release that 'it plans to allocate an additional $2 million to its crypto holdings' and that 'it will invest the largest portion in Binance Coin (BNB).' The funds are set to be included in the 'C10 Treasury', which invests in the top 10 crypto assets. Earlier, Faraday said it planned to invest $500 million to $1 billion through the 'C10 Treasury'. The initial investment amount is about $30 million.

Nasdaq-listed Forward Industries has reportedly raised 1.65 billion dollars to pursue a Solana (SOL) accumulation strategy. On the 8th (local time), according to Business Wire, Forward Industries said in a press release, "We raised 1.65 billion dollars (about 2.3 trillion won) to pursue a Solana accumulation strategy." The investment was made through a private placement, and Galaxy Digital, Jump Crypto, Multicoin Capital, among others, participated. Michael Pruitt, Forward's CEO, said, "Solana is the most innovative blockchain in the world," and "We will increase shareholder value through Solana accumulation."

Global virtual asset (cryptocurrency) exchange Binance has maintained a reserve ratio exceeding 100% for 34 consecutive months (ratio of Binance-held assets to user assets). On the 8th (local time), Binance said this in a reserves report. Bitcoin (BTC) holdings stood at 608,017, a 2.85% increase compared to August 1 (local time). Tether (USDT) holdings also increased. Tether rose 4.69% over the same period, reaching 31,255,720,000 USDT. By contrast, Ethereum (ETH) and Binance Coin (BNB) holdings decreased by 4.7% and 1.22%, respectively.

StarkNet(STRK)'s daily transactions have increased significantly. On the 8th (local time), crypto asset (cryptocurrency) analytics platform Nansen AI said via X(formerly Twitter) "The StarkNet network's daily transactions have exceeded 900,000," adding, "This is a sixfold increase compared to mid-August (150,000)." As of 6:45 PM, StarkNet is trading at 0.1262 dollars, up 3.19% from 24 hours ago.

With expectations that the U.S. benchmark interest rate will be cut in September, analysts said Bitcoin (BTC)'s upside could be limited. On the 8th (local time), The Block reported that Rachel Lucas, a BTC Markets analyst, said, "Weak U.S. employment figures have greatly increased the likelihood of a Federal Reserve (Fed) rate cut," but added, "Bitcoin's price appears to have already priced in expectations of a rate cut." She added, "With institutional profit-taking and slowing inflows into spot Bitcoin exchange-traded funds (ETFs), Bitcoin's upward momentum is highly constrained." Vincent Liu, chief investment officer (CIO) at Chronos Research, expressed a similar view. He said, "Even if the Fed cuts rates, further gains for Bitcoin will be difficult," and analyzed, "A rate cut is a signal that the economy is weak, which could greatly reduce Bitcoin investment sentiment." He went on to forecast, "Without strong spot ETF inflows, it will be difficult to surpass 120,000 dollars." However, there is also a possibility of a new all-time high. Rachel Lucas said, "Bitcoin's main resistance levels are 113,400 dollars and 117,100 dollars," and added, "If those resistance levels are broken, there is a possibility of a new all-time high." Meanwhile, according to the Chicago Mercantile Exchange (CME) FedWatch, the probability of a rate cut in September is 100%.

It was claimed that the global Bitcoin (BTC) adoption rate is only 3%. On the 8th (local time), CoinDesk wrote on X (formerly Twitter), "The global Bitcoin adoption rate is only 3%," stating, "This is the same level as the internet adoption rate in the 1990s and the social media service (SNS) adoption rate in 2005." It added, "If you entered the market this year, you are still in the early stage." As of 5:47 PM, based on the Binance USDT market, Bitcoin is trading at 111,803 dollars, up 0.57% from 24 hours earlier.

Sui (SUI)-based trading platform Nemo Protocol suffered a $2.4 million hack. On the 8th (local time), PeckShield said on X (formerly Twitter), "Nemo Protocol suffered a $2.4 million hack." The hacker is reported to have bridged the stolen USDC from the Arbitrum (ARB) network to Ethereum (ETH). In response, Nemo Protocol said, "We are investigating the issue related to the hack," and "We will announce the results when they are available."

Discussions on stablecoin cooperation Jin Ok-dong, chairman of Shinhan Financial Group (photo), met with executives of Tether, the world's No. 1 stablecoin issuer. It was about two weeks after meeting with Circle, the world's No. 2. According to financial sources on the 8th, Chairman Jin met at around 10 a.m. at Shinhan Financial Group's headquarters on Sejong-daero in Seoul with Tether executives including Vice President Marco Dallago, Quinn Le, head of Asia-Pacific, and Andre Kim, Latin America regional manager, and held a meeting for about an hour. They reportedly discussed trends across the cryptocurrency market, including stablecoins, and possible cooperation between the two companies. Tether executives are also known to be meeting in succession with officials from KB Financial, Nice Group, Toss, and Korea University, among others. Chairman Jin previously met with Circle president Hes Tabert, and at an event he held inviting domestic financial analysts he singled out stablecoins as a technology that will drive innovation in financial services. He emphasized at the event, "Stablecoins, artificial intelligence (AI) agents, and enterprise resource planning (ERP) are key drivers that reorganize the fundamental functions of finance and create 'new customer-centric value'," and "We will focus on creative and practical financial service innovation based on this." Reporter Jinseong Kim jskim1028@hankyung.com

Global virtual asset (cryptocurrency) exchange Binance will list World Liberty Financial (WLFI) USDC perpetual futures trading. On the 8th (local time), Binance said on its official website, "Today at 17:30 (KST) it will list WLFI/USDC perpetual futures." It supports up to 75x leverage.