“I think the war is very complete, pretty much,” Donald Trump told reporters before posting on his social media platform later that “Death, Fire, and Fury” will reign upon Iran.
Strategy, the company that has built its identity around hoarding Bitcoin, is now sitting on paper losses — and buying more anyway. The company’s average purchase price sits at roughly $75,985 per coin, well above where Bitcoin is trading today at around $66,850. Related Reading: WAR Token Explodes 100%, Then Crashes 20% In Sudden Sell-Off That gap has pushed Strategy’s net asset value below 1, meaning the stock is worth less than the Bitcoin it holds. It is a sharp reversal for a company that long commanded a premium over its own treasury. Another Round Of Buying Despite that, co-founder Michael Saylor posted the firm’s Bitcoin accumulation chart on X over the weekend with the message, “The Second Century Begins” — his recurring signal that another purchase is coming. Strategy’s most recent buy came in the final week of February, when the company added 3,015 coins for more than $200 million, bringing its total haul to 720,737 Bitcoin. At current prices, that cache is worth roughly $48 billion. The Second Century Begins. pic.twitter.com/stZzNhLgay — Michael Saylor (@saylor) March 8, 2026 Debt And Equity Keep Fueling The Buys The company has not paused its buying despite a broad market decline. Strategy continues to fund its purchases through debt and equity offerings — a model that works smoothly when Bitcoin is climbing, but draws harder scrutiny when prices fall. With its NAV now below 1, some investors are getting Bitcoin exposure at a discount through the stock, which is a dynamic that rarely worked in Saylor’s favor before. Data from SaylorTracker shows the depth of the current shortfall. The company’s unrealized loss grows wider with each dip in Bitcoin’s price, yet the firm shows no sign of changing course. Saylor has made clear in past statements that Strategy is not a short-term trade but a long-duration bet on Bitcoin as a reserve asset. Pressure Builds Across The Bitcoin Treasury Space Strategy is not alone in feeling the squeeze. According to reports, the broader Bitcoin treasury sector could see consolidation in 2026, with cash-generating businesses moving to absorb companies that simply accumulate coins without producing revenue. Related Reading: Stablecoin Market Breaks Records — USDC Controls 70% Of $1.8 Trillion Volume Wojciech Kaszycki, chief strategy officer at treasury firm BTCS, said companies trading below net asset value are under real pressure. Consolidating with another player, “sometimes two plus two equals six or more,” he said. Saylor has brushed off that path. He said mergers and acquisitions take too long and carry too much uncertainty, noting that deals which look attractive at the start can look very different six to nine months later. Whether another purchase is confirmed remains to be seen. But if history is any guide, the chart post rarely comes without a filing to follow. Featured image from mybrokerone.com, chart from TradingView
BTC rebounded from about $65,000 as crude oil retreated and institutional flows helped stabilize the market.
Ethereum price started a recovery wave from the $1,920 zone. ETH is now back above $2,000 and might aim for more gains in the near term. Ethereum started a recovery wave above the $2,000 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,050 zone. Ethereum Price Aims Higher Ethereum price started a recovery wave after it found support near the $1,920 zone, like Bitcoin. ETH price formed a base and was able to recover above the $1,980 resistance. There was a break above a key bearish trend line with resistance at $1,960 on the hourly chart of ETH/USD. The pair climbed above the 23.6% Fib retracement level of the downward move from the $2,200 swing high to the $1,912 low. The bulls even pushed the price above $2,020. Ethereum price is now trading above $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,000, the price could attempt another increase. Immediate resistance is seen near the $2,050 level. The first key resistance is near the $2,090 level or the 61.8% Fib retracement level of the downward move from the $2,200 swing high to the $1,912 low. The next major resistance is near the $2,120 level. A clear move above the $2,120 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,200 resistance zone or even $2,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,090 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone. A clear move below the $1,980 support might push the price toward the $1,940 support. Any more losses might send the price toward the $1,920 region. The main support could be $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,980 Major Resistance Level – $2,090
Bitmine's strategic ETH move to Coinbase could enhance staking yields, influencing Ethereum's market dynamics and institutional adoption.
The post Tom Lee’s Bitmine sends 5,300 ETH worth $11M to Coinbase, possibly for staking appeared first on Crypto Briefing.
Bitcoin continues to trade below the $70,000 level as the broader crypto market navigates another period of heightened volatility. After several attempts to regain upward momentum, price action has remained unstable, reflecting ongoing uncertainty across global financial markets. Despite these short-term fluctuations, structural indicators suggest that bigger changes may be occurring beneath the surface of the Bitcoin market. Related Reading: The 31,900 Bitcoin Purge: Why March 4 Marked An Institutional Bitcoin Floor A recent report from CryptoQuant highlights a long-term trend that has been unfolding since 2022: a steady decline in the amount of BTC held on centralized exchanges. This shift accelerated following the collapse of FTX in November 2022, an event that significantly altered investor behavior across the crypto ecosystem. During that month alone, users withdrew more than 325,000 Bitcoin from exchange reserves, rushing to move their holdings into private custody. Today, total Bitcoin reserves on exchanges have dropped to levels last seen in 2019, currently sitting at roughly 2.7 million BTC. Among retail-focused centralized exchanges, Binance alone holds approximately 20% of that supply, reflecting its dominant role in global crypto trading. When institutional platforms are included, Coinbase Advanced emerges as the largest holder, with around 800,000 BTC stored on the exchange. Even so, this figure remains roughly 200,000 BTC lower than the levels recorded in July 2025, underscoring the continued reduction in exchange-held supply. Institutional Accumulation Reshapes Bitcoin Supply Dynamics The CryptoQuant report also notes that the decline in exchange reserves cannot be explained solely by the aftermath of the FTX collapse. While that event accelerated the movement of funds into self-custody, two additional structural developments have played a major role in pushing exchange balances back to levels last seen in 2019. The first major driver has been the launch of spot Bitcoin ETFs in January 2024. At the time, exchange reserves were still above 3.2 million BTC. Since then, these investment vehicles have absorbed a significant portion of the circulating supply. Today, spot ETFs collectively hold around 1.3 million BTC, representing roughly 6.7% of the total supply. Custodial cold storage sequestering these holdings effectively removes a massive amount of Bitcoin from active exchange liquidity. A second structural factor is the emergence of Digital Asset Treasuries. An increasing number of companies have begun holding Bitcoin as a strategic reserve asset, collectively accumulating approximately 1.1 million BTC—close to 5% of total supply. Together, these developments are reshaping Bitcoin’s market structure. As ETFs and corporate treasuries lock up larger portions of supply, a growing share of BTC becomes embedded within institutional financial frameworks. Over time, this shift could gradually tighten available market liquidity and influence long-term price formation dynamics. Related Reading: Post-Crash Purge: XRP’s 60% Valuation Reset Meets a Record Low in Exchange Liquidity Bitcoin Consolidates Near $67K As Short-Term Momentum Weakens The 4-hour chart shows Bitcoin trading around $67,500 after a period of sharp volatility that unfolded throughout February and early March. Price initially declined from the $87,000 region, triggering a strong sell-off that pushed BTC briefly below $60,000 before buyers stepped in to stabilize the market. Since that capitulation event, Bitcoin has entered a broad consolidation phase, fluctuating mostly between $64,000 and $72,000. Technically, the chart highlights a weakening short-term structure. Bitcoin remains below the longer-term moving averages, with the 200-period moving average (red) trending downward and acting as overhead resistance. Each recent rally attempt has struggled to sustain momentum once price approaches this level, suggesting that sellers remain active during upward moves. Related Reading: The $1.35 Floor: How Extreme Negative Funding Is Priming XRP For A High-Velocity Trend Reversal Meanwhile, the shorter moving averages have begun to flatten, reflecting a temporary balance between buyers and sellers. The market is currently hovering around these shorter-term indicators, indicating indecision as participants reassess the broader macro environment. Volume activity remains relatively moderate compared with the spike seen during the February capitulation, suggesting that the most aggressive selling pressure may have already occurred. However, for a stronger bullish recovery to develop, Bitcoin would likely need to reclaim the $70,000–$72,000 zone and establish sustained trading above the descending longer-term average. Featured image from ChatGPT, chart from TradingView.com
Anthropic is the first US company the Pentagon has labeled a risk to the military, with the AI company calling it “unprecedented and unlawful.”
The OCC has granted conditional approvals to several crypto firms since December, including BitGo, Ripple, Paxos, and Crypto.com, while others such as Zerohash have filed applications.
The firm said it saw a 700% growth in brokerage transaction volume in Nigeria since launching there last year.
Gondi said only the Sell & Repay smart contract was affected and that it is safe to continue buying, selling, trading and listing NFTs on the platform.
The insider's stock purchase reflects strong confidence in Bitcoin's long-term potential, potentially influencing market perceptions and investor sentiment.
The post Trump-backed American Bitcoin insider buys 68,000 ABTC shares in fresh stock purchase appeared first on Crypto Briefing.
Bitcoin price started a recovery wave from the $65,500 zone. BTC is now consolidating and might aim for more gains above $69,500. Bitcoin started a decent recovery wave above the $67,500 zone. The price is trading above $68,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance at $69,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,500 and $68,000 levels. Bitcoin Price Starts Recovery Wave Bitcoin price extended its decline and traded below the $66,500 level. BTC tested the $65,500 support zone before the bulls emerged. A low was formed at $65,646, and the price recently started a recovery wave. The price climbed above the $67,200 and $67,500 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. However, the bears are still active below $70,000. There is also a key bearish trend line forming with resistance at $69,250 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $68,500 and the 100 hourly simple moving average. If the price remains stable above $67,500, it could attempt a fresh increase. Immediate resistance is near the $69,250 level. The first key resistance is near the $69,600 level and the 50% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. A close above the $69,600 resistance might send the price further higher. In the stated case, the price could rise and test the $70,500 resistance. Any more gains might send the price toward the $72,000 level. The next barrier for the bulls could be $72,650. Another Decline In BTC? If Bitcoin fails to rise above the $69,250 resistance zone, it could start another decline. Immediate support is near the $68,500 level. The first major support is near the $68,000 level. The next support is now near the $67,500 zone. Any more losses might send the price toward the $66,650 support in the near term. The main support now sits at $65,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $68,000, followed by $67,500. Major Resistance Levels – $69,250 and $69,850.
Bitcoin is slipping to a seven‑day low as oil is screaming higher on Iran war fears. But the real action is unfolding somewhere else entirely: Hyperliquid, where a new class of traders is turning to its tokenised oil perps. Hyperliquid And Its Oil Perps At The Center Of The Oil Panic As the Iran war scare and Strait of Hormuz risk ignite a fresh oil panic, Brent crude has ripped to about 118–119 dollars a barrel, its highest level since 2022. Over the weekend and into Monday, Bitcoin did not act as a crisis hedge: it dropped as much as roughly 2.4% to around $65.6k, a seven‑day low, even as oil exploded higher. In this context, on‑chain, traders rotated into Hyperliquid’s tokenised oil perpetuals, where crude surged about 18% in a week and contract volume and open interest jumped more than 18x and 5x as conflict headlines hit. Related Reading: WAR Token Explodes 100%, Then Crashes 20% In Sudden Sell-Off “Pandora’s Box Is Open” The fears that stem from the current geopolitical chaos do not know or care about Wall Street’s business hours. Our convulsed times seem to finally have outgrown TradFi, as traders search for alternatives to act as fast as their unrest demands. Jung Hyunsun, CEO of Hyperliquid treasury firm Hyperion DeFi, told DL News that the “Pandora’s box is open”. As traders run into tokenised oil perps, Jung believes that: The narrative around onchain financial services is changing. He points out that tokenised traditional assets like oil, metals and currencies have made up as much as 30% of Hyperliquid’s daily volume during peak periods, turning the DEX into a direct venue for macro trades rather than a “DeFi casino”. Jung adds that, while pseudonymous accounts make it hard to quantify, more traditional finance desks are quietly using Hyperliquid for hedging and price discovery, echoing comments from Coinbase’s Kenny Chan and CF Benchmarks’ Gabe Selby about the surge in tokenised asset trading. Related Reading: 43% of Bitcoin Supply Is In Loss As Market Nears Bear Territory What This Means For Bitcoin As Iran war jitters are forcing Bitcoin to trade like any other high‑beta risk asset, with flows rotating into gold rather than BTC during the first leg of the conflict, Hyperliquid and similar derivatives DEXs now blur the line between “DeFi casino” and full‑stack macro venue, letting traders express views on war, energy, FX and crypto from the same on‑chain interface. For Bitcoin, the question is no longer just “Is it digital gold?” but: Is it losing its monopoly on the crypto‑macro narrative to infrastructure layers that move faster and list anything, from barrels and basis trades to outright war risk? The irony, however, its apparent: all this activity hasn’t saved the native HYPE token, which still trades just over 30 dollars, nearly 50% below its September high. HYPE's price trends to the downside on the daily chart. Source: HYPEUSD on Tradingview Cover image from ChatGPT, HYPEUSD chart from Tradingview
Liverpool and Manchester United have complained after Grok mocked the Hillsborough and Munich tragedies on Monday.
The Zcash token rose 4.1% to $217.80 on news of the $25 million funding round and is now up 9.8% over the last 24 hours.
Oil’s sharp swing and renewed Bitcoin ETF inflows highlight a fragile rebound as on-chain data suggest crypto market stress may be easing.
Altcoins have been under sustained pressure for months as the broader crypto market continues to grapple with a prolonged bear phase that began after the 2021 bull cycle. While Bitcoin has managed to preserve a portion of its macro uptrend, most alternative cryptocurrencies have struggled to regain momentum, with many still trading far below their previous cycle highs. This persistent weakness reflects declining liquidity, fading investor appetite for speculative assets, and an increasing concentration of capital in Bitcoin. Related Reading: The 31,900 Bitcoin Purge: Why March 4 Marked An Institutional Bitcoin Floor According to a recent CryptoQuant report, understanding the condition of altcoins has become just as important as tracking Bitcoin’s price movements when evaluating the overall health of the crypto market. One indicator that provides insight into this dynamic is the “Altcoins Near ATL” metric, which measures the percentage of altcoins currently trading close to their all-time low levels. In this framework, altcoins refer to all cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins. The chart, developed by CryptoQuant Verified Author Darkfost, highlights the scale of the current market stress. Data shows that approximately 38% of altcoins are trading near their historical lows. In practical terms, nearly four out of ten altcoins are hovering close to their weakest price levels since launch. Such readings typically emerge during periods of extreme market stress, when risk appetite deteriorates and investors rotate capital toward larger, more established assets. Extreme ATL Readings Reflect Stress Across the Altcoin Market The report explains that elevated readings in the “Altcoins Near ATL” metric typically emerge during periods of intense market stress. When a large percentage of altcoins trade close to their all-time lows, it signals that many assets are locked in prolonged downtrends and that investor sentiment toward higher-risk cryptocurrencies has deteriorated significantly. A major factor behind this dynamic is the concentration of capital in Bitcoin. Institutional inflows—particularly through spot Bitcoin ETFs—have increasingly drawn liquidity toward BTC, leaving many smaller tokens struggling to attract fresh demand. As more capital flows into Bitcoin, the relative share of investment directed toward altcoins shrinks. Related Reading: Post-Crash Purge: XRP’s 60% Valuation Reset Meets a Record Low in Exchange Liquidity At the same time, the number of cryptocurrencies available in the market has expanded rapidly in recent years. This growing supply of tokens intensifies competition for capital, meaning that liquidity is spread across a larger universe of assets. As a result, many projects fail to secure sustained investor interest, increasing the likelihood of prolonged price declines. Macroeconomic conditions also contribute to this environment. Higher interest rates and tighter liquidity conditions tend to reduce risk appetite across financial markets. Under such circumstances, investors typically rotate toward larger and more established assets while speculative tokens face stronger selling pressure. Historically, however, extreme ATL readings have sometimes appeared near the later stages of market cycles, when selling pressure is already largely absorbed. Altcoins Struggle To Hold Key Support The weekly chart of the total cryptocurrency market capitalization excluding the top 10 assets highlights the prolonged weakness across the broader altcoin sector. Currently sitting near $170 billion, this segment of the market remains significantly below the peaks recorded during previous cycles, reflecting the sustained underperformance of smaller cryptocurrencies. After reaching highs near $450 billion in early 2022, the altcoin market experienced a steep decline during the broader bear market that followed the collapse of several major crypto firms and tightening global liquidity. Although the sector staged a recovery throughout 2024 and early 2025—briefly pushing market capitalization back toward the $400 billion region—momentum faded again in late 2025, leading to the current downturn. Related Reading: The $73,000 Test: Crowded Shorts And Negative Funding Fueled Bitcoin’s 15% Recovery Technically, the market cap is now trading below the 50-week and 100-week moving averages, both of which are sloping downward and acting as resistance levels. The 200-week moving average sits near the $200 billion region, forming a critical structural level that altcoins have recently lost. This breakdown reinforces the broader bearish structure that has persisted across much of the sector. From a structural perspective, the chart continues to display a pattern of lower highs and declining momentum. Unless the market can reclaim the $200–$220 billion region, altcoins may remain trapped in a prolonged consolidation phase while liquidity continues to concentrate in larger assets such as Bitcoin. Featured image from ChatGPT, chart from TradingView.com
At a Republican event, the U.S. president delivered a speech that doubled down on recent comments he won't sign anything else until he gets the voting bill.
On-chain data shows the amount of XRP supply sitting underwater has shot up to historically high levels following the recent market downturn. 36.8 Billion Tokens Of The Asset Are Currently Being Held At A Loss In a new post on X, on-chain analytics firm Glassnode has shared an update on the latest trend in the XRP Total Supply in Loss. This metric measures, as its name suggests, the total amount of the cryptocurrency’s supply that’s currently in a state of net unrealized loss. The indicator works by checking the on-chain history of each coin in circulation to find what price it was last moved at. If the last transaction price was more than the current spot price for any token, then that particular coin is in a state of loss. The Total Supply in Loss adds up all tokens satisfying this condition. Related Reading: Bitcoin Big-Money On The Move: Exchange Whale Ratio Spikes To 0.6 A counterpart indicator called the Total Supply in Profit takes care of the supply of the opposite type (that is, the coins with a cost basis lower than the latest spot price). Now, here is the chart shared by the analytics firm that shows the trend in the 7-day exponential moving average (EMA) of the XRP Total Supply in Loss over the last few years: As shown in the graph above, the XRP Total Supply in Loss fell to a relatively low level in 2025, but in the last quarter of the year, the metric rose. The trend change came as the cryptocurrency sector as a whole saw the start of a bearish phase. Today, the Total Supply in Loss has a value of 36.8 billion XRP. From the chart, it’s visible that this is a relatively high level when compared to the past, with it being surpassed only once before in the current cycle. The picture is a bit different when the indicator is denominated in USD terms. As shown in the above chart, the USD version of the XRP Total Supply in Loss set a peak higher than any witnessed in the past few years during the latest market downturn. This suggests that the capital invested in the cryptocurrency has gone up by magnitudes as the years have passed. Currently, supply worth around $50 billion is in a state of loss on the blockchain. Related Reading: Bitcoin Faces On-Chain Air Gap To $81,000: Will Momentum Build? Generally, digital asset markets tend to arrive at bottoms when investor pain is at its highest. As such, considering the current loss situation on the XRP network, it only remains to be seen whether the coin will reach a bottom in the near future. XRP Price At the time of writing, XRP is floating around $1.35, down over 0.5% in the last 24 hours. Featured image from Dall-E, chart from TradingView.com
Hyperliquid, the world’s leading decentralized exchange (DEX) for perpetual futures, has attained $1.29 billion in trading volume for its oil futures. This is now only rivalled by Bitcoin at $3.56 billion, while Ether is the second runner-up at $1.24 billion. The figure is also a 66.67% surge in volume from yesterday’s $720 million. Source: Hyperliquid …
Bitcoin ETF inflows have turned positive as gold ETFs see record outflows after a historic rally. Is capital beginning to rotate from gold to Bitcoin?
Americans are increasingly using AI tools even as a majority say the technology’s risks outweigh its benefits.
Historical data shows that Bitcoin typically gains 20% within a month of major spikes in oil prices. Should traders prepare for a rally to $79,000?
XRP has entered the new week with a technical setup that is beginning to tilt in favor of bulls, even though the price action is stuck inside a range. A bullish divergence has appeared on the daily chart, hinting that downside momentum may be fading and that a rebound could be close. However, XRP’s price structure is fragile, and technical analysis has revealed a level that could either support a recovery attempt or lead to another round of selling pressure. Bullish Divergence Shows Selling Pressure Is Losing Strength The foundation of the bullish case is the daily divergence now visible on the daily candlestick chart. XRP has been holding inside a narrow range near the $1.34 to $1.50 range, but momentum is no longer falling at the same pace as the price. Related Reading: XRP Bull Flag Breakout After 8-Month Consolidation To Send Price To $11 When price makes a lower low, but momentum refuses to follow, as the RSI is clearly showing on the XRP daily chart right now, it tells traders that the selling pressure behind each leg lower is weakening. The Bears are still in control on paper, but they’re running out of fuel. This is exactly what unfolded in the February lows. Price crashed to the $1.13 range in a capitulation flush; the RSI fell into oversold territory below 25. However, the price action is now beginning to stabilize and consolidate between roughly $1.34 and $1.40, but this hasn’t led to the creation of higher highs. However, RSI shows momentum and is beginning to quietly recover to build a higher low. That divergence is now confirmed on the daily timeframe with the start of the new week. Why $1.34 Is The Level Bulls Cannot Afford To Lose Despite the improving short-term outlook, the bullish thesis has a very clear line in the sand. According to technical analysis from a crypto analyst known as “Guy on the Earth,” anything below $1.34 would invalidate the setup in the short term. That makes it the level traders are likely to watch most closely at the start of the week. At the time of writing, XRP is trading at $1.36, just a little higher than the important $1.34 level. This support matters because it has effectively become the price floor of the current range. XRP has already spent several sessions trading just above it, and this shows that buyers are still willing to defend that zone. According to the analyst, a clean break below $1.34 would open the door to another leg lower or see a capitulation wick closing back above $1.34. Related Reading: Pundit Says XRP Price Could Reach $1,000 By End Of 2026 If This Happens Signals are one thing; confirmation is another, and for XRP, confirmation only comes at $1.50. The chart above shows the upper boundary of the current range around $1.50, and that is the level bulls need to break if XRP is going to shift from recovery talk to a real trend reversal. Featured image from Getty Images, chart from Tradingview.com
The political action committee Fairshake continues to report spending on political candidates from its $193 million war chest, largely funded by crypto interest groups.
Oil-linked trading on the decentralized exchange Hyperliquid (HYPE) has recently surpassed $1 billion in volume within a 24-hour period, leading to a significant 10% rally in the platform’s native token, HYPE, allowing it to outperform the top 100 cryptocurrencies by market capitalization. In fact, oil-linked trading on Hyperliquid hit over $1.2 billion, making it the second-most traded market on the platform, just behind Bitcoin (BTC). Hyperliquid’s Oil Contract Trading Soars The driving force behind the recent HYPE performance has been the CL-USDC perpetual contract, which tracks West Texas Intermediate crude oil prices. This contract’s trading volume recently eclipsed Ethereum (ETH) trading on the platform. Related Reading: Bitcoin At The Bottom? The 23-Month Cycle That Has Never Failed The increase in activity coincides with a dramatic rise in oil futures, which jumped over 30% to nearly $120 a barrel on traditional exchanges. This spike followed escalating tensions in the Middle East that have disrupted global supply chains. Before these developments, daily volumes for the CL-USDC contract hovered around $21 million. However, following the recent geopolitical events, that figure skyrocketed to more than $1.2 billion as of Monday. Additionally, open interest in this contract surged to $183 million. $150 Price Target For HYPE Further fueling the excitement surrounding the HYPE rally is a bullish outlook from Arthur Hayes, co-founder of cryptocurrency platform BitMEX. In a recent essay, Hayes set a price target of $150 for HYPE by August 2026, asserting that Hyperliquid can continue to expand its revenue streams even if broader cryptocurrency markets experience difficulties. Related Reading: Dogecoin Remains Inside Falling Channel, Bulls Target Surge Above $0.1 While HYPE has been on the rise, with the token retesting the $35 resistance wall, major cryptocurrencies like Bitcoin and Ethereum have shown modest recoveries during the same period. Bitcoin gained approximately 2.5%, while Ethereum saw a slightly higher increase of 3.4%. Analyzing HYPE’s daily trading chart reveals critical support levels that investors should watch. Key support zones are anticipated around $32, $29, and $28, with the latter acting as a significant accumulation point over the past two weeks. Featured image from OpenArt, chart from TradingView.com
The partnership aims to reduce fragmentation in European capital markets by enabling blockchain-based settlement of tokenized securities.
Etherscan shows that 78 NFTs were drained across about 40 transactions to an address now labeled as GONDI Exploiter.
The insurance broker is piloting stablecoin payments for premiums using USDC and PYUSD, testing blockchain settlement rails for faster payments in global insurance markets.
Shares were up another 9.7% on Monday, bringing them nearly to double over the past month.