Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Hyperliquid Activates Multi-Quote Spot Trading on Mainnet, HYPE Price Sees Whale Buys

Hyperliquid has entered a new era of decentralized trading by activating multi-quote spot trading on its mainnet. The rollout, completed by the USDT0 team, automatically launched the HYPE/USDT trading pair, according to the platform’s official X update.

hyperliquid

This upgrade allows traders to choose among multiple quote assets, boosting both flexibility and adoption. For HIP-1 base asset deployments, it means new projects can now select their preferred quote asset when launching their initial spot pair. Following Hyperliquid’s model, permissionless pairs between existing base and quote assets are deployed through a Dutch auction mechanism.

📊 Market Impact
HYPE trades at $44.21, down 5.28% in 24 hours, with $228M in trading volume (CoinMarketCap). A whale wallet, identified as 0xa523, recently deposited over $40M USDC into Hyperliquid and accumulated 466,000 HYPE coins ($21.5M) in the $46–$47 range.

💡 Growth Metrics

  • TVL climbed to $2.81B this week (DeFiLlama).
  • Daily fees hit $7.7M on Aug. 15, after $29B in perpetual trading volume.
  • Hyperliquid captured 6.1% of global exchange volume, processing $320B in July alone.
  • 97% of all trading fees are allocated to HYPE buybacks, reinforcing token demand.

Co-founder Jeff Yan, speaking on WuBlockchain Podcast, credited Hyperliquid’s rise to self-funding and user-focused design rather than VC backing:

“Raising millions from venture capitalists doesn’t equal progress; real progress comes when users derive value from what you’ve built.”

With its Layer-1 protocol now securing over $2.21B in TVL, Hyperliquid is positioning itself as a serious competitor to centralized exchanges while staying true to decentralized principles.

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Ethereum Proposes ERC-8004 “Trustless Agents” Standard for Decentralized AI Economy

The Ethereum ecosystem is buzzing with discussions over ERC-8004, a newly proposed standard called Trustless Agents, designed to enable autonomous AI agents to interact seamlessly on Ethereum’s decentralized network.

The proposal was introduced by Davide Crapis of the Ethereum Foundation, who described ERC-8004 as an extension of the Agent-to-Agent (A2A) protocol with a new trust layer. This layer would let AI agents discover, choose, and interact across organizational boundaries without needing pre-existing trust.

“ERC-8004 introduces three lightweight, on-chain registries—Identity, Reputation, and Validation—which provide the skeleton of trust while leaving application-specific logic off-chain,” Crapis explained in a recent Magicians post.

The initiative positions it, not as a place to run AI models directly but as a tamper-proof coordination layer. This contrasts with reliance on centralized providers such as Google APIs or corporate data platforms, which critics argue limit openness and neutrality.

Ethereum insiders believe the standard could power a new machine economy, where millions of autonomous AI agents transact, negotiate, and form DAOs. An Ethereum Foundation contributor, known as Binji, noted: “The specifics can stay offchain, but the skeleton of trust lives on it.”

As the proposal undergoes public review, developers are collaborating with the Linux Foundation and A2A stakeholders to refine its specifications. If adopted, ERC-8004 could become a cornerstone for a decentralized AI economy, blending the growth of blockchain with the rise of autonomous agents.

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KindlyMD Buys 5,743 Bitcoin Worth $679M After Merger

KindlyMD has purchased 5,743 Bitcoin worth $679M after its merger, marking its entry into corporate BTC treasury management through Nakamoto Holdings.

KindlyMD Buys 5,743 Bitcoin Worth $679M After Merger

Salt Lake City-based healthcare provider KindlyMD, Inc. (NASDAQ: NAKA) has entered the crypto space with a massive first purchase of Bitcoin, acquiring 5,743 BTC worth $679 million.

The acquisition was carried out by its wholly-owned subsidiary, Nakamoto Holdings, and represents the company’s first major move since completing its recent merger.

Details of the BTC Acquisition

According to the press release, the deal was completed at an average price of $118,204.88 per BTC, totaling $679 million.

The purchase was funded through Private Investment in Public Equity (PIPE) financing, ensuring a strong capital base without relying on debt.

CEO’s Vision: BTC as a Corporate Reserve Asset

KindlyMD CEO and Chairman David Bailey highlighted the company’s conviction in Bitcoin:

“This acquisition reinforces our conviction in BTC as the ultimate reserve asset for corporations and institutions alike.”

Bailey also unveiled a long-term goal to accumulate one million BTC as part of its new treasury strategy, positioning Bitcoin as central to the future of global finance.

Nakamoto BTC Treasury Program

The purchase was made under KindlyMD’s Nakamoto BTC Treasury program, designed to provide a transparent and reliable vehicle for institutional Bitcoin storage.

This move aligns with a growing corporate trend where firms add BTC to their balance sheets as a store of value and hedge against market volatility.

Industry Context

KindlyMD joins other major corporate players that view BTC as a strategic asset. Notably, Strategy Inc., which pioneered this trend, now holds over 600,000 BTC worth $53.5 billion, according to Arkham.

By combining its healthcare services expertise with a bold Bitcoin treasury strategy, KindlyMD positions itself as both a healthcare provider and a financial innovator in the evolving digital asset space.

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KindlyMD Buys $679M in Bitcoin, Launches Nakamoto Holdings Treasury Program

KindlyMD, Inc. (NASDAQ: NAKA), a Salt Lake City healthcare provider, has made its first major step into the cryptocurrency market with a bold $679 million Bitcoin purchase.

The company disclosed that its fully owned subsidiary, Nakamoto Holdings, acquired 5,743.91 BTC at an average price of $118,204.88 per coin. The deal, its first following a corporate merger, was financed through a Private Investment in Public Equity (PIPE), avoiding debt reliance.

CEO and Chairman David Bailey framed the move as a defining moment in the company’s long-term vision.
“This acquisition reinforces our conviction in Bitcoin as the ultimate reserve asset for corporations and institutions alike,” Bailey said, adding that the company’s goal is to eventually accumulate one million Bitcoin.

The new Nakamoto Bitcoin Treasury program is designed to offer institutions a transparent and reliable vehicle for large-scale Bitcoin holdings. By blending healthcare services with a Bitcoin-focused treasury model, KindlyMD is positioning itself as both a medical provider and financial innovator.

Corporate Bitcoin adoption continues to gain momentum. MicroStrategy, a pioneer in this strategy, now holds over 600,000 BTC worth more than $53.5 billion. With its bold entry, KindlyMD joins a growing list of companies reshaping treasury management through digital assets.

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BlackRock Now Holds 735K Bitcoin Worth $86B, Surpasses Major Crypto Treasuries

BlackRock, the world’s largest asset manager, has expanded its Bitcoin and Ethereum holdings to record levels. Data from Arkham Intelligence shows its iShares Bitcoin ETF (IBIT) wallets now control more than 735,000 BTC valued at $86 billion. Recent on-chain activity revealed multiple transfers of 300 BTC each, worth $37 million apiece, funneled through Coinbase Prime.

image 10 Bitmala

This marks a major increase from March 2025, when BlackRock was reported to hold 567,000 BTC valued at $47.8 billion. The rapid accumulation now places the firm among the largest Bitcoin holders globally, surpassing even MicroStrategy, which currently holds about 628,946 BTC worth $54.93 billion.

BlackRock’s crypto strategy extends beyond Bitcoin. Its Ethereum ETF (ETHA) wallets recently received deposits of 5,900 ETH alongside multiple 10,000 ETH transfers within just two days. Combined, these additions exceed $121 million, pushing the fund’s Ethereum holdings to over $14 billion.

The surge in BlackRock’s crypto exposure underscores the strength of ETF-driven adoption. Bitcoin ETFs remain among the most successful launches in financial history, attracting billions in trading volume since approval in 2024.

At press time, Bitcoin trades at $117,789, easing from its weekly high of $124,000. Despite modest weekend movements, BlackRock’s growing position highlights deepening institutional confidence in crypto assets.

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Bhutan Moves $92M in Bitcoin, Still Holds Over $1.15B in BTC

The Royal Government of Bhutan has once again moved a large portion of its Bitcoin holdings, raising eyebrows across the crypto market. Blockchain tracker Lookonchain reported that the country transferred 800 BTC worth $92.06 million into two new wallet addresses today.

The movement comes amid speculation that such transfers often precede sales, with some analysts suggesting the new addresses could be linked to a deposit at Binance. This marks the third significant transfer in two months. On August 5, Bhutan shifted 517 BTC ($59M) to crypto custodian Cobo Custody, while in July, on-chain analysts reported a 650 BTC transfer to Binance.

Despite these transactions, Bhutan’s sovereign investment arm, Druk Holding and Investments (DHI), still holds over 9,900 BTC. At Bitcoin’s current trading price of $115,565, the stash is valued at more than $1.154 billion.

Bhutan began acquiring Bitcoin as early as 2019, quietly building one of the largest state-owned crypto reserves. Beyond holding BTC, the government is integrating crypto into its economy, including launching a Binance Pay-powered tourism payment system and promoting green mining using its hydropower.

According to Bitcoin Treasuries, Bhutan ranks as the sixth-largest government Bitcoin holder, behind the U.S., China, the U.K., Ukraine, and North Korea.

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Breaking ! Ethereum Faces Sell Pressure from Foundation Wallet, Bulls Eye $10K

Ethereum slips after a Foundation-linked wallet sold $33M ETH, but strong institutional demand and bullish technicals keep optimism alive.

Ethereum Faces Sell Pressure from Foundation, Yet Bulls Persist

Ethereum is under pressure this week as a Foundation-linked wallet sold thousands of ETH, sparking concerns among traders. Despite this, strong institutional accumulation and bullish technical patterns are keeping long-term optimism intact.

Foundation Wallet Sells $33M ETH

Blockchain tracker Lookonchain flagged wallet 0xF39d, tied to the Ethereum Foundation, for offloading 7,294 ETH ($33.25M) in just three days at an average of $4,558.

  • August 13: Sold 2,795 ETH
  • August 15: Sold 1,300 ETH ($5.87M)
  • Three-day total: 6,194 ETH at ~$4,578 average

Notably, the same wallet previously purchased 33,678 ETH in 2022 for $1,193 each, showing a history of smart accumulation and timing.

Ethereum trades at $4,412.54, down 0.32% on the day.

Market Drivers Add Volatility

The selloff coincided with U.S. inflation data that beat expectations. July’s PPI rose 3.3% YoY, cooling hopes of Federal Reserve rate cuts. At the same time, the U.S. Treasury confirmed it has no immediate plans to add BTC or ETH to reserves, further dampening sentiment.

Still, institutional demand balanced the selling:

  • SharpLink Gaming added 130,000 ETH, lifting its holdings to 728,804 ETH ($3.38B).
  • BitMine bought 28,650 ETH (~$130M), raising its stash to 1.17M ETH ($5.1B).

Technicals Point to Bullish Setup

Crypto analyst Ether Wizz highlighted that ETH’s current structure mirrors its 2017 rally. Back then, ETH consolidated before breaking its 50-week SMA, triggering a major bull run.

The same pattern is emerging in 2025, with ETH holding above its moving average. Wizz forecasts a run to $10,000 this cycle, stating:

“It is a crime to believe that ETH has topped.”

Outlook

While Ethereum faces short-term pressure from Foundation-linked sales, the combination of institutional accumulation and technical strength suggests the long-term uptrend remains intact.

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Insane ! Pi Hackathon 2025 Opens Registration with 160K Pi in Prizes

Pi Network opens registration for Pi Hackathon 2025 with a 160K Pi prize pool. Developers can compete until October 15 to build utility-focused apps for the Pi ecosystem.

Pi Hackathon 2025 Registration Opens with 160K Pi Prize Pool

Pi Network has officially opened registration for Pi Hackathon 2025, offering a massive 160,000 Pi prize pool to developers building apps for the ecosystem. The event, organized by the Pi Core Team, began registrations on August 15 and will officially kick off on August 21.

Participants will have until October 15 to submit their projects, with a midpoint check on September 19 for progress reviews and feedback.

160K Pi Prize Pool and Rewards

The prize pool of 160,000 Pi will be shared among up to eight winning teams:

  • 🥇 1st Prize: 75,000 Pi
  • 🥈 2nd Prize: 45,000 Pi
  • 🥉 3rd Prize: 15,000 Pi
  • 🎖 Honorable Mentions: Up to five teams will receive 5,000 Pi each

Rewards will only be distributed to participants who pass Pi’s KYC verification.

How to Participate

Teams can include unlimited members, and projects will be judged on:

  • Utility (real-world use cases for Pi)
  • User experience & design
  • Accessibility for everyday people
  • Value to the Pi community

Developers are encouraged to use:

  • Pi App Studio
  • Brainstorm app
  • Developer Portal
  • AI tools to speed up app creation

The Pi Core Team emphasized:

“We’re looking for creative, utility-focused web apps that address real user needs, support the use of Pi cryptocurrency, and are intuitive and accessible.”

Submission Requirements

All projects must be uploaded to the Pi Developer Portal and include:

  • An official submission form
  • A demo video showcasing the app
  • Optionally, developers can use the PiOS license to make their work open-source for collaboration.

Outlook

The hackathon represents Pi Network’s push toward expanding its ecosystem with utility-driven apps that go beyond mining. With significant rewards and open participation, Pi Hackathon 2025 is set to spotlight real-world use cases for Pi cryptocurrency.

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Ethereum Under Pressure as Foundation Wallet Sells $33M ETH Amid Inflation Jitters

Ethereum faced fresh market pressure this week after a wallet linked to the Ethereum Foundation sold thousands of ETH, coinciding with hotter-than-expected U.S. inflation data. The token traded at $4,412, down 0.32% in the past 24 hours.

Blockchain tracker Lookonchain revealed that wallet 0xF39d, tied to the Ethereum Foundation, sold 7,294 ETH worth $33.25 million within three days at an average of $4,558 per coin. On August 15 alone, the wallet offloaded 1,300 ETH ($5.87M), bringing its three-day total sales to 6,194 ETH. Earlier, on August 13, it had sold 2,795 ETH in multiple transactions.

The sell-off coincided with July’s U.S. Producer Price Index showing a 3.3% YoY rise, reducing expectations of near-term Fed rate cuts. Meanwhile, Treasury Secretary comments confirmed no immediate plans to add BTC or ETH to U.S. reserves, compounding the market’s cautious tone.

Despite retail jitters, institutional players stepped in. SharpLink Gaming added 130,000 ETH, boosting its holdings to 728,804 ETH ($3.38B), while Bitmine purchased 28,650 ETH ($130M), raising its stash to 1.17M ETH ($5.1B).

Technically, analysts note ETH is holding above its 50-week SMA, a setup reminiscent of 2017’s rally. Some experts forecast Ethereum could reach $10,000 this cycle despite short-term volatility.

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HIVE Digital Posts Record Q1 2026 Results With $45.6M Revenue, Expands AI & Mining

HIVE Digital Technologies has reported record financial results for Q1 2026, covering the period ending June 30, 2025. Revenue reached $45.6 million, while Adjusted EBITDA was $44.6 million, fueled by strong Bitcoin mining output and high-performance computing (HPC) demand.

Bitcoin mining generated $40.8 million in income, up 44.9% quarter-over-quarter. The company’s average hashrate jumped 45% to 8.9 EH/s, driving production of 406 BTC — a 34% increase despite a 10.2% rise in network difficulty. The direct cost of mining stood at $26.8 million, with electricity representing 90% of expenses.

The BUZZ HPC division also posted record results, delivering $4.8 million in revenue, nearly 60% higher than the prior quarter. The segment benefited from increasing AI and compute demand, with direct costs of $2.1 million.

Overall, gross operating margin rose to $15.8 million (34.7%), compared to $8.8 million (28.2%) in Q4 2025. Net income came in at $35.0 million, boosted by $23.2 million in digital currency gains, $8.2 million in equity gains, and a $16.4 million derivative revaluation.

Looking ahead, HIVE expects to scale from 15 EH/s in July to 25 EH/s by Thanksgiving, supported by acquisitions and new NVIDIA GPU deployments. The company ended the quarter with $71.9 million in cash and cryptocurrencies.

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