HYPE price climbed above $56.80 as strong quarterly revenue, token buybacks, and rising RWA trading activity helped it rebound from the $51 support area.

HYPE price rebounds from $51 support

According to data from crypto.news, Hyperliquid (HYPE) price traded near $56.80 on Aug. 7, gaining about 2.5% over 24 hours after recovering from an early-August low around $51.20. The token reached an intraday high near $57.04 before buyers and sellers began competing around the $57 level.

The rebound has lifted HYPE roughly 11% from its weekly low, although its net seven-day gain remained closer to 3.7%. Trading volume stood near $250 million over the previous 24 hours.

The 4-hour chart shows HYPE establishing a sequence of higher lows after defending the $51–$52 region. Price has also moved above the Supertrend indicator, which currently provides dynamic support near $54.44.

The 4-hour relative strength index stood at 60.08, slightly above its signal average of 59.49. This reading points to improving buying pressure without placing HYPE in overbought territory on the shorter timeframe.

However, the token remains about 26% below its June record near $76.70. The broader chart therefore shows a recovery within a larger correction rather than a confirmed return to its previous uptrend.

Hyperliquid buybacks support the recovery

The latest move followed the release of Hyperliquid’s second-quarter performance figures. The protocol reported $169 million in quarterly revenue and said $141 million was directed toward HYPE buybacks.

Hyperliquid also passed $1 billion in cumulative protocol revenue during the quarter. HIP-3 real-world asset perpetual contracts generated $213 billion in trading volume and represented 32.2% of activity in the category covered by the report.

RWA trading contributed 6.6% of total quarterly revenue, according to the Q2 figures. The data strengthened the view that Hyperliquid is expanding beyond crypto perpetual futures into tokenized commodities, equities and other traditional-market products.

Buybacks can support HYPE by creating recurring demand using protocol revenue. Still, their effect depends on whether platform trading activity and fee generation remain high enough to offset token sales and future supply growth.

HYPE’s fully diluted valuation stood near $54 billion, compared with a circulating market capitalization of approximately $12.6 billion. That gap remains a longer-term risk because only part of the maximum token supply currently circulates.

HYPE price faces $57.30 liquidation wall

The daily chart shows HYPE attempting to move above the upper boundary of a descending channel that has guided price lower since early July. A sustained daily close above $57 would strengthen the breakout case.

The Awesome Oscillator remained negative at -5.39, showing that the broader momentum structure has not fully turned bullish. Its histogram bars have nevertheless shifted higher, indicating that bearish momentum is weakening.

The Stochastic RSI presents a more immediate warning. Its two lines stood at 95.80 and 88.35, placing the indicator deep in overbought territory. That setup does not guarantee a decline, but it raises the chance of consolidation or a short pullback before another advance.

CoinGlass’ 24-hour liquidation heatmap shows the largest nearby liquidity concentration above the market at approximately $57.20–$57.35. A move through that zone could force leveraged short positions to close and push HYPE toward $58 and $60.

Below the current price, another major liquidation cluster sits around $54.90–$55. Losing that area could accelerate a decline toward the 4-hour Supertrend support at $54.44. The next lower zones are $52 and the recent low near $51.

Analysts Split Over HYPE’s Next Target

Crypto trader Altcoin Sherpa said HYPE may be building a bottom near its current range, although he expected the outcome to depend on wider market conditions.

“The level to watch is still $50; lose that and I think we see low/mid $40s in a slow fashion,” he wrote in an Aug. 6 post.

The analyst added that he remained constructive on HYPE over the longer term. His chart placed a broader demand zone across the low-to-mid-$40 region if the $50 floor fails.

HypeDojo offered a more bullish scenario, comparing the latest $51.50 bottom with the token’s earlier rebound from $52.50 to its June record. The trader projected a possible move toward $80 by the end of August.

That target would require HYPE to clear several resistance areas, including $60, $64, $68 and the previous record around $76.70. The overbought daily Stochastic RSI also suggests that such a move may not develop in a straight line.

US competition adds risk to HYPE outlook

JPMorgan analysts have warned that momentum in HYPE-linked investment products weakened after strong inflows during May and June. A reported 12-session outflow streak reached approximately $29.8 million through Aug. 3.

The bank also pointed to competition from regulated derivatives and prediction-market platforms, according to Blockhead. That risk is particularly relevant in the United States, where regulated venues are expanding access to perpetual-style contracts.

For now, the HYPE price outlook depends on whether buyers can convert the rebound into a confirmed daily channel breakout. A close above $57.30 would open a path toward $60, while rejection and a break below $54.40 would bring $52 and $50 back into focus.

Cardano price traded near $0.20 on Aug. 7 after gaining more than 25% over the past week, with technical momentum and network updates supporting the recovery.

Cardano price holds after its 25% rally

According to data from crypto.news, Cardano (ADA) price was trading around $0.201 at the time of writing after reaching an intraday high near $0.204. ADA briefly crossed $0.21 earlier in the session before sellers pushed it back toward the psychological $0.20 level.

The 7-day advance marked a sharp change from the weak price action seen through much of 2026. ADA had fallen from above $0.45 late last year to approximately $0.14 in June before forming a base.

The daily chart shows that the token has now moved above its Supertrend resistance at $0.171. That indicator has flipped into support, suggesting that the broader recovery remains intact while ADA trades above the $0.168–$0.171 area.

Aroon readings also favor buyers. Aroon Up stood at 92.86%, compared with Aroon Down at 28.57%, showing that recent highs are more dominant than recent lows. However, ADA has not yet established a daily close far above $0.20, leaving the breakout open to a retest.

Network updates and whale demand support ADA

The rally coincided with renewed interest in Cardano’s development roadmap. Intersect said the network had entered the Dijkstra development era following the Van Rossem hard fork in July.

Attention has also turned toward Ouroboros Leios, a planned upgrade intended to increase Cardano’s transaction capacity. A proposed 2.5 million ADA development fund and a Cardano IBC testnet connection with Injective added to expectations for broader ecosystem activity.

On-chain data cited during the rally showed that large holders accumulated roughly 240 million ADA before the breakout. Futures activity also accelerated, with weekly trading volume reportedly rising from about $150 million to nearly $650 million.

That combination of spot accumulation and leveraged positioning helped ADA move through $0.20. Still, a reported decline in open interest and slightly negative funding indicate that some derivatives traders continue to position against further gains.

Fundamental weaknesses also remain. Cardano’s decentralized finance ecosystem holds about $68 million in total value locked, leaving it well behind larger layer-1 networks. That gap raises the risk that price speculation is moving faster than organic activity on the blockchain.

Can ADA hold the $0.20 support level?

The 4-hour chart places ADA inside an ascending channel that began near $0.15 in late July. Price remains above the Bollinger Band midpoint at $0.195, making the $0.195–$0.20 range the first test for buyers.

The 4-hour Relative Strength Index stood at 60.19, while its signal line was at 58.71. Momentum remains bullish without reaching the 70 level commonly associated with overbought conditions.

ADA’s upper Bollinger Band sits at approximately $0.207. A close above that level could allow bulls to retest $0.21, where the latest rally met selling pressure. The channel’s upper boundary then points toward $0.218–$0.22.

A decisive move through $0.22 could expose the $0.24–$0.25 range. Rand Group said reclaiming $0.25 would be needed to confirm a broader reversal from Cardano’s yearly downtrend.

“Recovering the key 25 cents support range would trigger the full bullish reversal,” the firm said in an Aug. 7 market post.

The daily structure shows why $0.25 matters. Cardano has recovered from its June low, but it remains within a much larger downtrend after losing more than 90% from its historical high of $3.10.

Liquidation clusters increase volatility risk

CoinGlass’ 3-day liquidation heatmap shows a large concentration of leveraged positions just below the market around $0.196–$0.198. This zone overlaps with the 4-hour Bollinger midpoint, strengthening its role as immediate support.

A move below $0.195 could trigger long liquidations and accelerate a decline toward $0.19. The lower 4-hour Bollinger Band sits near $0.184, providing the next major technical support if sellers take control.

Below that, the rising channel would be invalidated, placing $0.171 and the daily Supertrend level near $0.168 back in focus.

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Liquidity also sits above ADA around $0.207–$0.210, followed by additional clusters between approximately $0.212 and $0.218. If buyers reclaim $0.207, short liquidations could help drive another test of the weekly high.

For U.S. traders, expectations for future Federal Reserve rate cuts remain a wider market catalyst. Cardano also faces an Oct. 23 regulatory deadline tied to a proposed spot ADA exchange-traded fund, which could keep institutional access and U.S. regulatory expectations in focus.

The immediate outlook depends on whether ADA can convert $0.20 from resistance into support. Holding $0.195 would preserve the 4-hour uptrend, while a close above $0.21 would strengthen the case for $0.22 and eventually $0.25. Losing $0.195 would instead raise the probability of a deeper pullback toward $0.184.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Blanket, an independently developed AI tool, is using Kalshi’s regulated event-contract markets to help small businesses identify and hedge operational risks.

Blanket matches business risks with Kalshi contracts

Blanket is designed to evaluate the risks facing a business and identify Kalshi contracts that may provide a hedge against specific outcomes. Potential exposures include unusual weather, changes in energy costs, new tariffs, and election results that could affect revenue or operating expenses.

A small business could provide information about its operations and the events most likely to disrupt them. Blanket’s AI system would then analyze those exposures and recommend available contracts connected to the relevant outcome.

The tool does not automatically place orders, control customer accounts, or handle funds. Business owners retain responsibility for reviewing the recommendations and deciding whether to trade through Kalshi.

This distinction also separates Blanket from Kalshi itself. Zminsky built the tool independently using markets available on Kalshi’s platform. Kalshi provides the underlying event contracts and regulated trading infrastructure, but Blanket is not one of its internal products.

How event contracts can hedge operational risks

Event contracts are derivatives whose payouts depend on whether a specified event occurs or a defined value is reached. The Commodity Futures Trading Commission cites corporate earnings, snowfall levels, economic indicators and hurricane damage as examples of outcomes that can underpin these contracts.

That structure can allow a business to take a position that may offset losses caused by an external event. For example, a company exposed to high energy costs could use a contract tied to future energy prices. A weather-dependent business could consider a contract linked to snowfall, temperature, or storm activity.

Blanket aims to make that process more accessible by using AI to connect a company’s stated risks with relevant markets. Small firms may lack the dedicated risk teams employed by larger corporations, making it harder to identify suitable hedging instruments.

However, an event contract does not provide the same coverage as an insurance policy. Its payout depends on the contract’s specific terms, while the recommended position may not fully match the business’s actual financial loss. AI-generated recommendations also require human review.

Kalshi pushes further into institutional risk management

Kalshi operates as a CFTC-designated contract market, a status it received in November 2020. Its role in Blanket gives the independent tool access to contracts traded through a federally regulated U.S. venue.

The development follows Kalshi’s move to expand beyond retail prediction trading. As crypto.news reported on Aug. 4, the platform partnered with compliance technology provider Comply to help financial firms monitor employee activity involving event contracts.

The planned integration will place Kalshi trades within workplace surveillance systems already used to track stocks, bonds and cryptocurrencies. Employers will be able to identify restricted positions or activity that may involve material non-public information.

Kalshi also expects the compliance system to cover its planned perpetual futures products when they become available.

Market oversight remains a key issue

The focus on surveillance follows enforcement cases involving the misuse of prediction markets. Crypto.news reported that former U.S. Representative George Santos agreed to return $17,569.98 in gains, pay a $17,500 civil penalty and accept a three-year trading ban in a CFTC settlement involving Kalshi contracts.

Kalshi had referred Santos’ activity to regulators after he traded on whether he would attend President Donald Trump’s State of the Union address while making public statements related to the outcome. Santos neither admitted nor denied the CFTC’s findings.

Blanket’s launch points to another potential use for prediction markets: commercial risk management. Its adoption will depend on whether its recommendations closely match the financial exposures of small businesses and whether users understand the limits of event-contract hedges.

BTCPay Server has urged users to install version 2.4.2 immediately after discovering that attackers are actively exploiting a critical vulnerability that could lead to stolen funds.

BTCPay Server tells users to install v2.4.2

BTCPay Server issued the warning through its official X account on Aug. 7, describing the vulnerability as critical and saying successful exploitation could result in the loss of funds.

The project instructed server administrators to open the Admin Dashboard and navigate to Server, Maintenance and Update. Operators should then confirm that the version number displayed in the server footer reads 2.4.2.

“There is a critical vulnerability being actively exploited on BTCPay Server, which can result in the loss of funds,” the project said.

Users who cannot complete the update immediately have been told to turn off their BTCPay Server until the patched version can be installed. The measure is intended to block further unauthorized access to servers that may remain exposed.

BTCPay Server did not identify which previous versions are vulnerable. It also did not disclose how attackers are gaining access, how many servers have been compromised, or whether any losses have been confirmed.

Critical flaw threatens self-hosted Bitcoin payments

BTCPay Server is an open-source payment processor that lets merchants accept Bitcoin and Lightning Network payments through infrastructure they control. Unlike custodial payment platforms, operators are responsible for maintaining and securing their own installations.

That structure reduces reliance on a centralized payment provider but places the responsibility for software updates on individual merchants and server administrators. A compromised installation could expose payment operations or other sensitive server functions, depending on the vulnerability’s reach.

The project’s recommendation to shut down systems shows the urgency of the threat. Operators should not leave an affected server online while waiting for a convenient maintenance period because BTCPay Server has confirmed that exploitation is already occurring.

Users should obtain the update through the server’s official maintenance interface and verify the 2.4.2 version string. The project has not advised users to rely on third-party downloads or unofficial fixes.

Bitcoin infrastructure faces wider security review

The disclosure follows another recent incident involving Bitcoin payment infrastructure. As reported by crypto.news, Zeus Wallet took its infrastructure offline after containing a cyberattack and began auditing its systems before restoring services.

Zeus said no customer funds were lost or placed at risk. It also said its investigation had not identified a vulnerability in Lightning node software. No evidence currently indicates that the Zeus incident and the BTCPay Server vulnerability are connected.

Security reviews have expanded across the Bitcoin ecosystem following a series of recent attacks. Crypto.news reported on Aug. 6 that the volunteer Bitcoin Red Team had found 4,962 potential issues while reviewing 390 Bitcoin-related projects.

The group classified 720 of those findings as high or critical severity. Its work covers Bitcoin wallets, cryptographic libraries and infrastructure software, although it did not publicly identify projects with unresolved critical flaws.

What BTCPay Server operators should do next

BTCPay Server operators should treat the upgrade as an emergency security action rather than a routine software update. Servers should remain offline if administrators cannot confirm that version 2.4.2 has been installed.

Merchants may also need to review server activity for signs of unauthorized access. However, BTCPay Server has not yet published indicators of compromise or technical details that operators could use to determine whether their systems were targeted.

Further information may follow once more users have installed the patch and public disclosure no longer increases the risk to unpatched servers. Until then, the project’s guidance remains limited but direct: update to v2.4.2 or shut down the server.

There is already money on the chain for the feature to serve. Onchain data aggregator RWA.xyz tracks about $1.38 billion of distributed real-world assets on XRPL, including $845.7 million of RLUSD. Ondo accounts for another $212.6 million, followed by VERT Capital at $116.1 million and Archax at $55.4 million. Societe Generale sits further down the table at $11.6 million.

That leaves more than $530 million of tracked tokenized assets outside RLUSD, though the market remains concentrated in a handful of issuers.

Confidential Transfers stays narrow in its first version. Holders have to opt into the encrypted format, and it currently works for direct MPT payments between accounts. It does not cover trades on XRPL’s built-in exchange, escrow or checks.

The other five are aimed at the same audience. Batch can package as many as eight transactions together, including an all-or-nothing mode where every step succeeds or none does. Sponsor lets one account cover another’s fees and reserve requirements, removing the need for a new user to hold XRP before transacting.

Permission Delegation lets an account authorize another party to submit only specified transaction types, giving a fund administrator limited authority without handing over full control. Dynamic MPT lets issuers change certain properties of a token after issuance.