News linked to both this project and an event.
According to Onchain Lens, over the past several months, four wallets have collectively withdrawn 675,000 HYPE from Coinbase, worth approximately $53.92 million. The funds were subsequently transferred to Hyperliquid and staked, with the total value of HYPE currently staked in these wallets now exceeding $50 million.
Odaily News: According to Onchain Lens monitoring, two wallets believed to belong to the same whale withdrew 83,630 HYPE tokens from Coinbase Prime within minutes, valued at approximately $6.69 million. Over the past two weeks, the whale has accumulated a total of 223,350 HYPE tokens, valued at approximately $14.83 million.
Odaily News: According to Lookonchain monitoring, the 6,000 BTC reportedly lost by Irish drug trafficker Clifton Collins have been transferred again, with 500 BTC moved to Coinbase Prime, valued at $39.56 million.
According to Arkham, on August 28 at 21:47 (Beijing Time), an address associated with the Grayscale Bitcoin Trust transferred 340.449091 BTC, valued at approximately $26.9186 million, to two addresses including Coinbase Prime Deposit.
According to on-chain analytics platform Lookonchain (@lookonchain), Bitcoin mining company Metaplanet transferred approximately 1,350 BTC worth around $108 million to Coinbase Prime about an hour ago. Previously, Metaplanet had cumulatively purchased 43,000 BTC, totaling approximately $3.48 billion, at an average buy price of $96,191.
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital has transferred approximately $59.04 million worth of $HYPE to Coinbase across 8 addresses over the past 30 days. The latest transfer occurred 7 hours ago, amounting to 81,300 HYPE (approximately $6.69 million).
Odaily News, according to Garrett Jin's monitoring, Garrett Jin stated that Bitcoin is approaching a supply dense zone, with the key range still at $80,000 to $82,500. A large amount of Bitcoin's on-chain cost basis is located in this range, which was formed during the last upward wave before the sell-off, but not all related tokens need to be traded. As of August 26, U.S. spot ETFs have seen capital inflows for 8 consecutive trading days, accumulating approximately $2.8 billion, with August inflows reaching about $3.3 billion, making it the highest-inflow month this year. On-chain data shows that the 7-day moving average of net realized profit/loss is positive, at approximately $752 million, with realized profits nearing $1.1 billion and realized losses at $354 million. Despite supply overhead, spot demand is flowing in. Garrett Jin believes that if Bitcoin continues to close above $82,500, it will indicate that chip turnover is completing and supply has been fully absorbed. On the downside, the key level is $76,600, which is close to the short-term holder cost basis. A single daily close below this level is manageable, but if at least two of the three indicators—ETF fund flows, Coinbase premium, and the 7-day exponential moving average of net realized profit/loss—deteriorate simultaneously, it would constitute a warning. On-chain information shows that Garrett Jin's address added 600 BTC long positions at a price of $79,000 in the early hours of August 26, worth $47.4 million.
Odaily News - U.S. mortgage lender Better Mortgage and cryptocurrency exchange Coinbase have announced the launch of a bitcoin-backed mortgage product that allows U.S. homebuyers to use BTC as collateral for their down payment loan, eliminating the need to sell their bitcoin holdings. The product is now officially open for applications.The product consists of a Fannie Mae-backed mortgage paired with a separate down payment loan. Borrowers are required to pledge BTC valued at least 250% of the down payment loan amount, with the collateral transferred to Better's custody account on Coinbase Prime. Both loans carry the same interest rate and amortization period, and are repaid through a single monthly payment.A decline in the bitcoin price will not independently trigger a margin call or alter the mortgage terms, but if a borrower falls 60 days or more behind on payments, Better may liquidate the pledged BTC. Applicants must be U.S. residents with a verified Coinbase account, and Coinbase One members can also earn a 1% rebate of up to $10,000, which can be applied toward closing costs and fees. (Cointelegraph)
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: 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)
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.
According to on-chain analytics platform Lookonchain (@lookonchain), Japanese Bitcoin treasury company Metaplanet deposited 1,000 BTC to Coinbase Prime about an hour ago, valued at approximately $79.77 million based on the transfer price.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a whale address has withdrawn another 46,800 HYPE from Coinbase Prime, valued at approximately $3.65 million. The address previously withdrew 33,810 HYPE last week, bringing its cumulative withdrawals from Coinbase Prime to 80,600 HYPE, with a total value of around $5.53 million.
Odaily News: According to Onchain Lens monitoring, Wintermute transferred 129,500 SOL to Binance, worth approximately $12.42 million, along with 169.5 BTC worth approximately $13.11 million, likely for sale. Additionally, 407.47 BTC was transferred through an intermediate wallet before being moved to Coinbase, valued at approximately $31.36 million.
Odaily News – HYPE reached an intraday high of $82 yesterday, rising 38% over the past week, with 24-hour trading volume exceeding $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's 30-day trading volume surpassed $176 billion, with open interest exceeding $8 billion.On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a compliant and lawful manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.During the same period, the wallet also transferred 172,710 and 62,700 HYPE tokens, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime. Meanwhile, Hyperliquid has been using approximately 99% of its perpetual and spot market fee revenue to continuously buy back HYPE through the Assistance Fund. (Bitcoin.com News)
According to on-chain analyst Onchain Lens (@OnchainLens), two associated addresses suspected to belong to the same whale (0xbEaD...Ea5e0, 0xabfB...4081) withdrew a total of 75,040 $HYPE from Coinbase, worth approximately $6.04 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Grayscale's GLNK ETF received 132,950 LINK from Coinbase Prime six hours ago, worth approximately $1.53 million. The ETF currently holds a cumulative total of 10.66 million LINK, with its assets under management (AUM) reaching approximately $124.16 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE tokens valued at approximately $14.54 million to Coinbase over the past 9 hours, likely for sale.
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)
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)