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Trading volume across the top eight decentralized perpetual futures exchanges rose 9.1% over the past 30 days to $423 billion, according to Crypto Briefing. Of that, Hyperliquid accounted for about 58%, with volume ranging from $187 billion to $245 billion. Aster ranked second, while Hyperliquid handled roughly three to four times Aster’s volume.

Major exchanges have seen $213 million worth of futures liquidated in the past hour. In the past 24 hours, $483 million worth of futures have been liquidated.

Bitwise, VanEck and Grayscale have staked about 70% of the assets held in their spot AVAX ETFs, according to Crypto Briefing. The products trade under the tickers BAVA, VAVX and GAVA, respectively, and Grayscale’s GAVA had staked about 81% of fund assets as of the end of August. The products launched in the first half of this year, and the firms have gradually added staking-related disclosures through amended S-1 filings after launch as regulations became clearer.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,996.59 on the Binance USDT market.

Major exchanges have seen $107 million worth of futures liquidated in the past hour. In the past 24 hours, $378 million worth of futures have been liquidated.

Last-minute position changes by Kraken and Galaxy played a major role in the passage of Solana’s token issuance reduction proposal. Governance proposal SGP-0002 would double the pace of the annual inflation decline, and with about six hours left before voting ended, support stood at 65.4%, below the two-thirds threshold and leaving open the possibility of failure. Kraken’s validator, which holds about 8.91 million SOL, then recast its vote from 100% opposed early on to 90.34% in favor and 9.66% against, while Galaxy also shifted part of its abstention to support.

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,979.2 on the Binance USDT market.

Amid heightened market volatility following Federal Reserve Chair Kevin Warsh’s Jackson Hole speech, a whale known as the largest long holder on Hyperliquid opened a 1,000 BTC long position, EmberCN reported. The position is worth $79 million, and the whale built long positions today in a total of 1,000 BTC and 28,000 ETH. The average entry prices were $78,780 for BTC and $2,490 for ETH.

Goldman Sachs is the largest known institutional holder of spot Solana ETFs, Bloomberg ETF analyst James Seyffart said, citing U.S. SEC 13F filings.

A newly created wallet opened a 30x leveraged short position in 300 BTC worth $23.76 million after depositing 4 million USDC, according to Lookonchain. The liquidation price is $90,820.04.

According to Lookonchain, part of the Bitcoin once believed lost after Irish drug dealer Clifton Collins misplaced the keys has started moving again. A wallet address believed to be linked to the holdings transferred 500 BTC, worth about $39.56 million, to Coinbase Prime. Collins was known to have stored 6,000 BTC across 12 wallets using proceeds from cannabis cultivation and trafficking. U.S. judicial authorities had recovered 500 BTC each in May and July.

As Fed Chairman Kevin Warsh’s Jackson Hole speech was under way, users on crypto-based prediction market Kalshi raised the implied odds of a 25-basis-point Fed rate hike in September to 43% from 30% before the speech. The implied probability of rates staying unchanged fell sharply to 55% from 71%, according to the market.

North Korean hacking group Lazarus transferred 244.148 BTC worth $19.42 million an hour ago, according to Lookonchain. The move is seen as a sign of money laundering activity.

Federal Reserve Chairman Kevin Warsh said artificial intelligence is a new variable that will affect the economy and policy implementation.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,969.11 on the Binance USDT market.

BitMEX co-founder Arthur Hayes said in an interview with Cointelegraph that U.S. President Donald Trump no longer has the power to move Bitcoin prices. Hayes said Trump is a highly entertaining politician, but the crypto market now moves on actual liquidity rather than political issues, and presidential remarks no longer shake order books the way they once did. The interview also covered market share risks tied to Hyperliquid (HYPE), the possibility that exchanges other than BitMEX could shut down, Hayes' new project FLOP, and the outlook for political and celebrity memecoins.

Federal Reserve Chair Kevin Warsh said he still lacks confidence that core inflation is moving toward target and that more work remains. Warsh added that current financial conditions are not difficult to characterize as restrictive, pointed to no clear improvement in inflation trends, and said prices are the issue the Fed should be watching most closely.

Garrett Jin, the BitForex founder who has faced allegations of profiting from insider trading ahead of last October’s largest-ever forced liquidation event, has seen the unrealized gain on his 3x leveraged BTC long position exceed $4 million. According to Hyperbot, Jin added a 600 BTC long position two days ago when BTC was at $79,000. Meanwhile, an existing short position of 32,700 ZEC entered at an average price of $444 is now showing an unrealized loss of more than $11.5 million.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.05% - Nasdaq: -0.09% - Dow Jones: +0.21%

XRP’s rebound to $1.70 after briefly slipping below $1 appears to be part of a consolidation phase building an accumulation base for the next major price advance, cryptocurrency analyst ChartNerd said, according to The Crypto Basic. ChartNerd said XRP fell 73% from its $3.66 peak on July 3 last year to $0.978, then rebounded more than 72% from that low. Rather than triggering panic selling, the extended consolidation helped establish a floor around $1, ChartNerd said. XRP may retest the $1 area before a fuller rebound, but the long-term uptrend remains intact, and XRP could rise to between $8 and $27 by 2030, ChartNerd added.

As BTC approaches $80,000, the options market is showing signs of rising expectations for further gains, according to a Glassnode analysis. Glassnode said BTC options open interest has recovered to around 550,000 BTC, while demand for downside protection has eased and call buying has stood out around $72,500 and $79,250. Volatility indicators are also rebounding but have not yet reached overheated levels, suggesting there is still room for additional upside. At the same time, the concentration of options positions in the $75,000-$80,000 range could increase short-term price volatility.

Stripe and private equity firm Advent International have withdrawn their plan to acquire PayPal, Bloomberg reported. Stripe, an online payments infrastructure company, and Advent had initially offered about $53 billion, but the acquisition process was halted after private discussions, according to the report. Details on why the two sides dropped the deal were not disclosed.

Bitcoin mining companies are increasingly using existing infrastructure for AI and high-performance computing businesses as profitability worsens after the halving, lifting the share of related revenue. In a recent report, CoinShares said AI infrastructure revenue at Nasdaq-listed mining companies is projected to rise to about 70% by December from about 30% at the start of the year, while the value of AI-related contracts across listed miners has at times exceeded $70 billion. CoinShares added the sector’s valuation is also shifting away from a focus on hash rate toward metrics such as data center capacity.

Ethena announced it will expand its delta-neutral strategy beyond crypto and into stock perpetual futures, according to Crypto Briefing. Ethena said stock perpetual futures, which are currently showing high funding rates, are expected to overtake crypto within the next one to two years as the main yield source for USDe, while the project is also diversifying collateral to reduce the risk of relying on a single funding rate for returns. Ethena said when users deposit collateral and mint USDe, it buys a matching amount of spot crypto and builds an equivalent one-times short futures position. As futures markets typically require long-position holders to pay funding fees to short-position holders, the structure allows Ethena to earn funding-fee income while limiting exposure to price swings through spot holdings and a one-times short position. Ethena said it also generates revenue from funding fees and staking yield, distributes part of that income to USDe depositors, and keeps the rest as profit. The company previously announced, as part of a recent ecosystem restructuring plan, that it would use 95% of revenue for ENA buybacks.

Circle (CRCL) has signed a main partner and official front-of-shirt sponsorship deal with Premier League football club Chelsea FC, according to The Block. Starting with the 2026-27 season, Chelsea plans to place the Circle and USDC logos on the front of kits for its men’s team, women’s team and academy. The outlet added that sponsorship deals between crypto companies and sports teams, which had contracted after the 2022 market downturn, are expanding again.