News linked to both this project and an event.
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
According to on-chain analyst Ember's monitoring, a whale spent 20 million USDC to purchase 10,501 ETH at a price of $1,904 one month ago and has now fully closed the position. The whale sold 5,250 ETH yesterday and another 5,250 ETH early this morning, at an average price of $2,257, netting 23.7 million USDC in total—a $3.7 million profit in one month.
Odaily News: CryptoQuant analyst Darkfost posted on X platform, stating that Solana ecosystem data shows the total scale of stablecoins on the Solana chain has reached $16.3 billion. Among them, USDC accounts for approximately $6.8 billion, representing 42.8%; USDT accounts for approximately $2.9 billion, representing 18.2%; USDG accounts for approximately $1.2 billion, representing 7.4%.Meanwhile, the number of active stablecoin addresses on Solana has reached 1.7 million, setting a new historical record, indicating that the demand for stablecoins on the network continues to grow.
Odaily News: Cryptocurrency exchange Coinbase's x402 payment protocol has processed approximately 14 million AI agent transfers over the past 30 days, with the Base network handling 7.3 million transfers and the Polygon network processing 5.6 million. USDC covers nearly all of these transfers. x402 utilizes the HTTP 402 "Payment Required" mechanism, enabling software to automatically request and complete payments. Coinbase has expanded its related payment services to the Base, Solana, and Polygon networks, supporting USDC as the settlement asset. In July, Coinbase launched Coinbase Business, allowing enterprises to directly receive USDC payments from AI agents, with support for payment collection, reconciliation, and withdrawals. Coinbase has described agent payments as one of its "high-conviction bets." (Bitcoin.com News)
According to BeInCrypto, a field research report recently released by the Bank of Italy shows that stablecoins do not possess a systemic cost advantage in cross-border remittances. Researchers tested USDC transfers of $200 through 10 actual remittance corridors, covering routes between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to nearly 9%, showing a significant disparity. The study found that on-chain transfers themselves accounted for an average of only 0.4% of the total cost; what truly drove up fees were steps still reliant on banks and exchanges, such as funding, currency conversion, and withdrawal. Taking the UAE-to-Italy corridor as an example, where bank transfers were unavailable and credit card funding was forced, fees alone reached as high as 3.8%. Meanwhile, transfer speeds also differed significantly due to variations in destination payment infrastructure. Instant payment systems like Brazil's Pix could complete settlement within 20 minutes, while South Africa required 1 to 2 business days, no different from traditional bank wire transfers. The report pointed out that stablecoins currently still heavily rely on the banking system they attempt to replace, and the narrative that "stablecoins are quietly replacing traditional payment rails" remains unsubstantiated.
Odaily News: According to Lookonchain monitoring, a whale (0x6910...feda) deposited $2 million USDC into Hyperliquid and placed a limit order to go long on 55,556 UNITREE at $90 per token, with a notional value of approximately $5 million.
Odaily News: Payment app Cash App is expanding its cryptocurrency services through crypto payment platform MoonPay, allowing 50 million users to purchase tokens such as ETH, SOL, XRP, and USDT. Additionally, users can top up major wallets like Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap through Cash App. Previously, Cash App's crypto services only supported Bitcoin, with USDC support added earlier this year. (CoinDesk)
According to an official tweet from Coinbase (@coinbase), Coinbase has officially launched a series of financial services for AI Agents, declaring that "the era of Agent Finance (AiFi) has arrived." This agent economy encompasses three participants: users who use agents, businesses that sell to agents, and developers who build tools for agents. Specific products include: • Coinbase for Agents: AI agents can access the platform via Claude or ChatGPT, and after setting guardrails, autonomously conduct research, decision-making, and trading on assets such as cryptocurrencies, stocks, and derivatives; • Coinbase Advisor: An AI investment advisor built into the App, it is one of the first AI advisors globally registered with the SEC, offering services such as real-time portfolio analysis and automatic tax-loss harvesting, launched for Coinbase One members; • Coinbase Business: Supports receiving USDC and USDT payments from AI agents via the native x402 protocol, featuring no chargeback risk, idle USDC earning 3.35% yield, and supporting one-stop management, reconciliation, and withdrawal.
此外，摩根士丹利还新增了 257 万股自家比特币信托（MSBT，价值约 4330 万美元），并首次建仓 Grayscale Solana Staking ETF（GSOL）及 Fidelity Solana Fund（FSOL）。与此同时，其 Circle（CRCL）持仓从约 146 万股大幅增至 832 万股，并增持多家比特币矿企股份。值得注意的是，摩根士丹利同期减持了约 55 万股 Coinbase（COIN），并完全清仓约 800 万股 Bitfarms（BITF）。
Odaily News: Coinbase has announced that it will stop supporting USDC deposits and withdrawals on the Noble network as of August 17. USDC deposits and withdrawals on other supported networks, including Ethereum, Base, Solana, Arbitrum, Optimism, and Polygon, remain unaffected. Coinbase reminds users not to transfer funds to its Noble network USDC deposit address after August 17, as such funds may be irretrievable.
According to the official announcement, Bitget has launched a net deposit interest rate hike campaign. The participation period is from 00:00 on August 14 to 00:00 on August 28 (UTC+8). During the event, users who reach the specified net deposit threshold and subscribe to the corresponding flexible Simple Earn crypto products for U, USDT, or USDC can receive corresponding interest rate hike rewards; regular users can enjoy an interest rate hike of up to 10% APR, while VIP users can enjoy an interest rate hike of up to 15% APR. The event does not require manual registration. The system will verify based on users' daily net deposit status, and eligible users will automatically receive the corresponding interest rate hike earnings. For more details, please refer to the Bitget official platform.
Korea Investment Corporation (KIC) established a position in Circle stock in the second quarter, with holdings of 65,443 shares valued at approximately 4.09 million USD. Additionally, it reduced holdings in Strategy, Coinbase, and Riot Platforms during the same period, and increased holdings in Block and Robinhood stock.
According to Onchain Lens monitoring, a whale has deposited 60,000 HYPE into Hyperliquid and sold 31,560 of them, cashing out approximately 1.77 million USD. Currently, the address still has two HYPE Time-Weighted Average Price (TWAP) sell orders being executed, including one sell order sized at approximately 40,000 HYPE valued at approximately 2.1 million USD, with remaining execution time of approximately 15 hours. Additionally, the address also transferred approximately 1.67 million USDC to Coinbase.
Odaily News: According to HyperliquidNews monitoring, a whale deposited $2.441 million USDC into Hyperliquid a week ago and began shorting Bitcoin. After multiple position closures, the whale currently holds short positions on 1,625 BTC, valued at $103.3 million, with account equity of $2.432 million and leverage exceeding 40x. The whale has also used unrealized profits to increase position size. Currently, the liquidation price is 1.12% higher than the current BTC price.
Odaily News: Coinbase has announced an upgrade to its enterprise-level payment product, Coinbase Business, introducing a series of new features, including support for automatic payments via AI Agents, integration of USDT payments, reusable payment links, flexible pricing, product catalog management, and buyer information collection. These enhancements aim to make it easier for businesses to accept cryptocurrency payments. The most significant change in this upgrade is the support for AI Agent payments. Coinbase Business is now compatible with the open machine-to-machine payment standard x402, allowing businesses using the existing Checkout payment flow to directly accept transactions initiated by AI Agents. Funds are settled instantly to business accounts in USDC, which can be used to earn yields or withdrawn at any time. Other new features include:1. Reusable payment links: Businesses can create a single payment link for repeated use, with options to set payment limits, pause, or disable the link;2. Flexible pricing mechanisms: Support for setting minimum prices, maximum prices, or open-ended payments, suitable for scenarios such as donations, tips, and usage-based billing;3. Product catalog functionality: Businesses only need to enter product information once, and it can be reused across multiple payment scenarios, including payment links, Checkout, and invoices;4. Buyer information collection: During the payment process, information such as name, email, and shipping address can be collected simultaneously, reducing manual order processing workflows.
Odaily News: According to Onchain Lens monitoring, a whale deposited 37,390 HYPE, worth $2.03 million, into KuCoin 6 hours ago; 1 hour ago, the same wallet transferred 290,750 USDC, worth $290,700, to Kraken.
According to on-chain analysis platform Lookonchain (@lookonchain), a newly created wallet deposited 3.56 million USDC into Hyperliquid, opened a long position on 36,000 XMR with 4x leverage valued at approximately $14.33 million, and set take-profit orders in the $475 to $516 range; the current XMR price is approximately $397.
Odaily News: According to on-chain analyst Ai Yi’s monitoring, an address transferred 2 million USDC as margin and then opened a 4x long position of 10,962.78 XMR, valued at $4.18 million, with an entry price of $383.23. This has become the second-largest XMR position on Hyperliquid. The address has also placed a limit buy order worth $1.082 million between $378.2 and $381.4, indicating plans to add to the position if the price drops further.
According to Ai Yi monitoring, address 0x9c6…fa4ed transferred 8.43 million USDC from another address as margin yesterday afternoon, subsequently opening a 500,000 SOL long position on Hyperliquid. Calculated based on the planned execution price of $75.867, the position size is approximately $37.93 million. Currently, the address has executed 209,000 SOL, valued at approximately $15.91 million, and has become the largest SOL position on the Hyperliquid platform, with the remaining portion still being executed gradually.
Odaily News: According to Onchain Lens monitoring, a whale, after a 3-month period of inactivity, staked 4,000 ETH through Lido 2 hours ago, valued at approximately $7.68 million, and received 4,000 stETH in return. Previously, this address had supplied 1.216 million USDC, worth approximately $1.22 million, to Aave.