News linked to this event type.
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Odaily News Since August 23, Bitcoin long positions have remained at a relatively stable level, with the market showing a neutral consolidation trend following the price increase. Since August 17, Bitcoin short positions have been continuously declining, with some short capital steadily exiting the market. At present, longs have yet to show any significant further accumulation.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
According to on-chain analytics platform Lookonchain (@lookonchain), Circle has minted approximately 5 billion USDC over the past week.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), address 0x69e2aeE359210Ecf70661AAc21Ff96Df7891c0f2 has again withdrawn 27,290 HYPE from OKX, valued at approximately $2.23 million. Approximately two months ago, the address previously withdrew 47,340 HYPE from OKX, worth around $3.08 million. As of now, it has cumulatively withdrawn 74,810 HYPE from exchanges, totaling approximately $5.33 million.
Odaily News: According to on-chain analyst Ai Yi's monitoring, Sun Yuchen's address (0x176...a132) submitted a redemption request to Lido for 5,000 ETH, valued at $12.3 million, 10 minutes ago. This marks the first unstaking activity from this address since July 18, 2025, with the specific purpose still unknown. Sun Yuchen currently holds nearly $600 million worth of stETH on-chain, totaling 243,000 tokens.
Odaily News, according to on-chain analyst Ai Yi's monitoring, mtaavebank.eth opened an 8x short position on CRCL in the early hours of today, which has become the largest CRCL position on Hyperliquid. The position currently holds 162,593.75 tokens, worth approximately $14.95 million, with an entry price of $91.241 and an unrealized loss of $121,000. Previously, this address had taken long positions in CRCL 11 times, cumulatively gaining over $981,000 in profit.
On-chain analytics platform Lookonchain (@lookonchain) reports that address 0x3527 sold its entire holding of 301,937 HYPE today, valued at approximately $24.4 million and generating a profit exceeding $5.3 million. The address accumulated its HYPE position from May to July this year at an average purchase price of around $63; this full exit indicates that it has completed profit-taking for this phase.
Odaily News: According to on-chain analyst Ai Yi's monitoring, new address 0xAef…Dc00B purchased 20,000 ETH within 50 minutes, worth $48.89 million, possibly an operation by Bitmine. Bitmine holds a total of 5.8476 million ETH, approximately $14.4 billion, excluding this suspected operation. With a cost basis of approximately $3,359, the current unrealized loss stands at $5.27 billion.
Odaily News: According to on-chain analyst Yu Jin's monitoring, 14.65 million EIGEN tokens, valued at $3.09 million, were transferred to Coinbase Prime 6 hours ago out of the EIGEN that Polychain redeemed from staking 3 months ago. Of the 131.8 million EIGEN tokens that Polychain redeemed at the end of May, 46.86 million were re-deposited into staking 1 month ago, 14.65 million were transferred to Coinbase Prime today, and the remaining 70.29 million are still held in the address.
Odaily News, ETF Store President Nate Geraci stated that BlackRock has lowered the minimum threshold for in-kind subscription to its Bitcoin spot ETF IBIT for private clients to $1 million, which has already facilitated over $5 billion in related transactions from private wallets.Geraci noted that this indicates some Bitcoin holders are shifting from self-custody to holding Bitcoin exposure through IBIT. He believes that risks such as kidnapping, extortion, and custody security incidents are prompting some holders to move all or part of their assets to ETFs.
According to on-chain analyst Ember (@EmberCN), as BTC pulled back slightly after breaking $80,000, the Garrett Jin whale entity added 600 BTC long positions in the early hours at around $79,000, valued at approximately $47.4 million. The entity has held its BTC longs for about three months. Its current total position stands at 1,868 BTC, worth roughly $147 million, with an average entry price of around $77,090. It briefly faced an unrealized loss of roughly $23 million in early July, but the recent rally has flipped this to an unrealized profit of about $2.78 million. Meanwhile, it holds a short position in 32,700 ZEC, with an average short entry price of approximately $444 and a position value of roughly $25.28 million, currently carrying an unrealized loss of about $10.74 million.
According to Cointelegraph, analysts pointed out that Bitcoin (BTC) has entered the early stages of a new bull market, but $83,000 remains a key resistance level for confirming the uptrend.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that store-of-value assets GLD and IBIT have returned to the list of the 10 most actively traded ETFs. After semiconductor ETFs dominated the list throughout the summer, some semiconductor ETFs have seen their rankings decline. This shift once again indicates that currency debasement trades are beginning to replace the AI boom. Semiconductor ETFs are still trading above their size levels, but not to the same extent as before.
Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
Strategy (formerly MicroStrategy) CEO Michael Saylor denied reports that the company sold Bitcoin due to financing pressures, clarifying instead that it maintains ample cash reserves and continues to steadily increase its holdings.
Whale "Sets 10 Major Targets First" JasonLeo responded to the question of whether the current trend is a reversal or a major rebound by stating that their assessment is a "trend reversal."
Major whale "sets 10 key targets first" Jason stated that when he confirmed last month that the bottom of this cycle is around $58,000 for BTC, a key benchmark was Strategy's moves. He noted that from an operator's perspective, Strategy had to consider not only BTC's price direction, but also the market bottom, the company's proximity to its survival line, and its capital structure's resilience under extreme downside scenarios.
Odaily News: The whale "Set 10 Big Goals First" posted on X, stating that it will look for opportunities to rebuild BTC long positions. This upward trend has been more intense than previously expected, leading to an upward revision of expectations for the subsequent market.It noted that even entering the market after BTC rises to $80,000 or higher would not be too late, as there is still room for further upside. It also predicts that BTC is likely to reach $100,000 sooner than previously anticipated. Once BTC climbs to $100,000, it will reassess the potential upside of this trend.
CryptoQuant analyst Darkfost posted on X, stating that with the recent rise in ETH, whales of various sizes have returned to floating profits. However, current unrealized profits remain relatively limited, and no significant profit-taking pressure has yet formed.Data shows that the unrealized profit/loss ratio for addresses holding 1,000 to 10,000 ETH stands at 0.075, while that for addresses holding 10,000 to 100,000 ETH is 0.16. For large whales holding over 100,000 ETH, the ratio reaches 0.38.This indicator measures unrealized profit or loss by comparing the value of ETH at the time of its last transfer with its current value, providing insight into the overall profitability or loss of large holders.