24H Trending Coins & Headlines | Hyperliquid in Talks with Kraken to Enter US Market; Bitmine Close to Achieving "5% ETH" Holdings Target (September 1)
- Key Takeaways: This briefing focuses on cryptocurrency market trends, institutional accumulation moves, and major industry partnerships. The headline: Hyperliquid is in negotiations with Kraken's parent company to enter the US market. Meanwhile, Bitmine significantly increased its ETH holdings to 5.9 million coins last week, approaching its target of 5% of circulating supply, making it a market focal point.
- Key Elements:
- Hyperliquid Labs is in deep negotiations with Payward, Kraken's parent company, planning to offer perpetual futures trading to US users through its subsidiary Bitnomial, pending regulatory approval.
- Strategy (MicroStrategy) disclosed adding 4,603 BTC last week, bringing its total holdings to 845,050 BTC, with its dollar reserves increasing by $29 million.
- Bitmine added 53,501 ETH last week, bringing its total holdings to 5,901,112 ETH, with approximately 5.06 million ETH staked (worth around $12.7 billion); analyst Tom Lee noted it is only 100,000 coins away from its 5% circulating supply target.
- Crypto funds saw inflows of $3.2 billion last week, the largest since October 2025; Barclays expects the Fed to hike interest rates by 25 basis points each in September and December.
- Coinbase and Deribit plan to merge on September 9, integrating spot, perpetual, options, and futures into a unified trading system powered by a next-generation matching engine.
- In terms of market performance, ARB (+29.78%) led OKX's gainers list, followed by CRV (+13.85%) and others; among the top ten CEX trading pairs by volume, ZEC and UNI posted the largest gains, while BMT bucked the trend and fell.
- Risk Events: A vulnerability was discovered in Balancer's legacy v1 contracts that could drain LP funds, urging users to withdraw; More Markets on Flow EVM was attacked, resulting in losses of approximately $9.3 million.
1. Hot Coins on CEX
Top 10 CEX Trading Volume and 24-Hour Change:
- BTC: +1.32%
- ETH: +2.11%
- SOL: +1.49%
- ZEC: +2.81%
- XRP: +1.75%
- BMT: -3.63%
- BNB: +1.17%
- SUI: +2.41%
- SNDKB: +5.49%
- UNI: +2.98%
24-Hour Gainers (Data Source: OKX):
- ARB: +29.78%
- ZENT: +22.14%
- ZORA: +16.05%
- NOT: +15.47%
- CRV: +13.85%
- DOGS: +13.36%
- NAVX: +12.89%
- HUMA: +11.0%
- BICO: +9.75%
- AEON: +9.66%
24-Hour Crypto-Equity Gainers (Data Source: msx.com):
- TSLL: 10.69%
- IREX: 9.38%
- DFDV: 9.24%
- CONL: 9.2%
- CRCL: 9%
- SNXX: 8.47%
- ABTS: 8.04%
- XE: 7.32%
- RBLX: 7.16%
- AXTX: 6.44%
2. Hot On-Chain Meme Tokens (Data Source: GMGN):
- PONS;
- MARCODUCK;
- Rabbit;
- GPRO;
- BONER;
Headlines
Hyperliquid in Talks with Kraken's Parent Company to Enter the U.S. Market
Odaily - Hyperliquid Labs is in advanced negotiations with Payward, Kraken's parent company, planning to offer perpetual futures trading from the Hyperliquid ecosystem to U.S. traders through the latter's exchange, Bitnomial.
Sources familiar with the matter indicate that, pending regulatory approval, U.S. users would be able to trade certain perpetual contracts pegged to token prices on the Hyperliquid blockchain through Bitnomial. This potential partnership comes as Hyperliquid accelerates its expansion into the U.S. market. Just weeks ago, U.S. President Trump stated that his administration is working to facilitate Hyperliquid's entry into the U.S. market.
Neither party has commented on the plans yet, and the final deal still requires regulatory approval. (Bloomberg)
Strategy Discloses Purchase of 4,603 Additional Bitcoins Last Week
Odaily - According to market sources: Strategy disclosed it added 4,603 bitcoins last week, bringing its total holdings to 845,050 BTC. Strategy's dollar reserves increased by $29 million.
Bitmine Adds 53,501 ETH Last Week, Total Holdings Exceed 5.9 Million
Odaily - Ethereum treasury company Bitmine Immersion Technologies disclosed it added 53,501 ETH last week. The company's current crypto asset holdings include 5,901,112 ETH, 211 BTC, equity in Eightco Holdings valued at $81 million, and shares in Beast Industries valued at $180 million. Bitmine has currently staked 5,067,309 ETH (worth approximately $12.7 billion). (PRNewswire)
Tom Lee: Bitmine Just 100,000 ETH Short of Buying "5% of All ETH"
Odaily - Tom Lee shared Bitmine's latest holding disclosure on X, stating: "Achieved 5.9 million ETH, just 100,000 ETH away from the 5% of circulating supply target."
Previously reported, Bitmine disclosed an addition of 53,501 ETH last week, bringing its total ETH holdings to 5,901,112.
Trump's Youngest Son Barron Has Gone into Hiding; Melania: Respecting His Decision
Odaily - Barron Trump, the youngest son of U.S. President Donald Trump, has withdrawn from public life and gone into "seclusion" due to fears of being targeted for assassination. The 20-year-old Barron has just completed his sophomore year at New York University. Following three assassination attempts on his father in two years, he is extremely eager to maintain a low profile. One source said: "The kid is quite reclusive." According to reports, Barron dislikes being seen publicly within the White House grounds, moving "quickly" and heading straight to private residences.
Recently, an Iranian media outlet aired a video purportedly tracking Barron's whereabouts, showing his university location, escort vehicles, and Secret Service posts, claiming his movements are "under full surveillance." The video mentioned a $10 million bounty on the 20-year-old Barron. Barron's fears stem not only from what happened to his father. Last September, MAGA podcast host Charlie Kirk was shot and killed during a debate at the University of Utah, which deeply affected Barron, a fan of Kirk's.
Melania has previously shown Barron's reluctance to appear publicly in her self-titled documentary. Discussing with Secret Service agents whether family members would participate in Trump's inaugural parade and walk along Pennsylvania Avenue, she said: "I know Barron won't go out. I respect his decision."
It is reported that Barron has invested in cryptocurrency and seems to prefer playing a behind-the-scenes role. (Yicai)
Industry News
Barclays Expects Fed to Hike 25bps Each in September and December
Odaily - Barclays expects the Federal Reserve to raise interest rates by 25 basis points each in September and December, a change from its previous forecast of unchanged rates.
Crypto Funds Saw $3.2 Billion Inflow Last Week, Highest Since October 2025
Odaily - According to Bank of America data, crypto funds saw inflows of $3.2 billion last week, the largest since October 2025. (Cointelegraph)
Project News
Odaily - Adam from Greeks.live Research posted on X, stating that Deribit has been conducting updates more than once a week recently. Spot liquidity has now been merged into Coinbase, and most reserve assets have been custodied with Coinbase. These arrangements are designed to prepare for the merger on September 9.
Adam stated that Coinbase may deserve more attention than many expect, as this merger is not a simple brand integration. Coinbase's spot, global user base, and institutional framework will be integrated with Deribit's options, derivatives liquidity, and trading infrastructure.
For traders who previously had to use different platforms for spot, perpetuals, and options, Coinbase will consolidate spot, perpetuals, options, and futures into a single trading system after the merger. The derivatives backend will utilize a new-generation matching engine and further consolidate previously fragmented liquidity.
Fomo Cracks Top 5 U.S. Finance Apps, Surpassing Cash App and Kalshi
Odaily - Fomo, a social crypto trading app for Robinhood Chain and other networks, entered the top 5 finance apps in the U.S. on August 21, at one point ranking third and surpassing Cash App and prediction market Kalshi. It currently sits in the top 15.
Fomo was founded by Paul Erlanger and Se Yong Park, launching a public beta in May 2025. In November 2025, it completed a $17 million Series A round led by Benchmark with participation from 140 angel investors; it subsequently closed a $75 million Series B round, bringing cumulative disclosed equity funding to approximately $94 million.
Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain. Users can view real-time trades of followed accounts, track leaderboards, and copy trading signals, with funds depositable instantly via Apple Pay. Its cumulative Google Play installs have exceeded 1 million, with over 600,000 users and more than $4 billion in trading volume. (Bitcoin.com News)
US Open Partners with Kalshi for Exclusive Prediction Market Deal
Odaily - The US Open has partnered with Kalshi, making Kalshi the tournament's exclusive prediction market partner effective immediately. Specific terms have not been disclosed. Sources say the US Open originally planned to consider a prediction market partnership starting next year, but USTA CEO Craig Tiley, who took office in February, pushed for an early agreement.
Under the agreement, the USTA will prevent other prediction market platforms, including event broadcaster ESPN, from advertising at US Open venues and on television broadcasts. Kalshi has already launched US Open-related prediction markets, and as of Sunday afternoon, its women's singles champion market had traded approximately $1.5 million. (Front Office Sports)
Odaily - Shana Bautista, Polymarket's global head of investigations and intelligence, stated that Polymarket already has systems in place to identify anomalous trading activity and will continue blocking U.S. users from its international platform, in compliance with the 2022 settlement agreement with U.S. regulators. Polymarket plans to launch a new webpage detailing the workings of its market integrity review mechanisms, including machine learning, blockchain analytics, and transaction monitoring, and has referred over 100 cases to law enforcement.
Telegram's Gram Wallet Now Available to Some Users, Rollout to Over 1 Billion Users in Coming Weeks
Odaily - Pavel Durov announced on X that the Gram wallet in Telegram is now ready and has been opened to some users. Over the coming weeks, the wallet will be gradually rolled out to more than 1 billion users. He thanked the validators who approved its core smart contract, noting this means future wallet upgrades won't require cumbersome wallet migrations. This is just one of many innovations Telegram is building to make non-custodial wallets easier to use.
Pons Records $1.4 Million Single-Day Revenue, Setting New All-Time High
Odaily - According to relevant page data, Pons generated approximately $1.4 million in single-day revenue on August 31, setting a new all-time high. Of this, V1 revenue was approximately $902,400 and V2 revenue was approximately $471,700; the page projects daily revenue could reach around $2 million.
After More Than Four Years, OpenSea Officially Launches Solana NFT Trading
Odaily - After first supporting Solana NFTs in beta in April 2022, OpenSea has now officially launched the trading feature. Users can buy and sell Solana NFTs on OpenSea, including Mad Lads, Collector Crypt, and Phygitals. Solana is the first non-EVM chain NFT trading network to be added since OpenSea ended beta support; previously, nearly all supported networks were EVM-compatible chains, including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain.
Vulnerability Found in Balancer's Legacy v1 Contracts, LP Funds at Risk of Being Drained
Odaily - Balancer announced that a vulnerability was discovered in the legacy Balancer v1 contracts that could allow LP funds to be drained. The affected pools have been deprecated and cannot be paused. Users are advised to withdraw liquidity as soon as possible. Other Balancer products are unaffected.
More Markets Attacked with ~$9.3 Million Impact; Attacker Drains 15.5 Million WFLOW
Odaily - According to blockchain security firm Blockaid's monitoring, More Markets (More Labs) on Flow EVM suffered an exploit. The attacker exploited Ankr's wrapped liquid staking tokens and the E-Mode mechanism to drain More Markets' WFLOW lending reserves and transfer approximately 15.5 million WFLOW from the mFlowWFLOW reserve. The detected impact amount is approximately $9.3 million, and the attack transaction cluster also includes post-exploit fund transfers. The exact losses and the destination of the attacker's funds are still being confirmed.
Fundraising & Investment
OpenAI Reportedly Receives ~$5.5 Billion in Warrants from SB Energy
Odaily - Ahead of SoftBank-backed SB Energy's planned IPO, the company offered OpenAI a huge incentive to secure it as a data center tenant. IPO draft documents show OpenAI received warrants in SB Energy valued at approximately $5.5 billion, despite OpenAI having already invested in the company previously.
SB Energy is expected to publicly file its IPO documents as early as this week. The company is working with bankers on an IPO that could come as early as next month, targeting a raise of $5 billion to $7 billion. Currently, SB Energy's data center client base consists of companies that are also its investors. Documents show that SoftBank and OpenAI plan to be tenants in three SB Energy data centers. A fourth data center in Scully County, Texas, with 900 megawatts of capacity, has yet to secure a client. (The Wall Street Journal)
Odaily - According to sources familiar with the matter, 1789 Capital, where Donald Trump Jr. serves as a partner, plans to lead a funding round of approximately $1 billion and invest an additional ~$300 million in prediction market platform Polymarket. If completed, Polymarket's valuation could reach approximately $21 billion. 1789 Capital has previously invested a total of ~$200 million and would become one of Polymarket's largest investors upon completion. Currently, Intercontinental Exchange (ICE) is Polymarket's largest investor, having previously disclosed approximately $1.6 billion in Polymarket shares, representing about 22% of its outstanding shares.
C1 Fund Bets on Polymarket in Q2, Portfolio Expands to 11 Crypto Companies
Odaily - Crypto asset investment
