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Coinbase adds 50x Hyperliquid perpetuals to Base App

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Coinbase opens Luxembourg MiCA hub as EU deadline nears

Coinbase has added more than 290 perpetual contract markets to the Base App through Hyperliquid, giving eligible users access to leverage of up to 50 times.

Summary

  • More than 290 perpetual markets are available through the Base App.
  • Hyperliquid executes the trades while users remain inside their existing wallets.
  • Leverage reaches 50x on supported markets, raising the risk of liquidation.
  • Users in the United States, United Kingdom, and Canada cannot access the product.

According to an Aug. 19 report, Coinbase said that the integration covers Bitcoin, Ethereum, and contracts tied to stocks and commodities, although the leverage limit varies by market.

Coinbase brings Hyperliquid trading into Base App

Rather than operating a separate derivatives venue inside the Base App, Coinbase is routing perpetual contract orders to Hyperliquid for execution. Users can open and manage positions without leaving their existing wallets, according to the company.

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Coinbase Head of Engineering Chintan Turakhia described Hyperliquid as one of the highest-performance on-chain perpetual trading protocols, pointing to its liquidity and execution speed as reasons for the integration.

“Because we support multiple chains and ecosystems, this integration lets our users tap into its deep liquidity and speed without ever leaving their existing wallet,” Turakhia said in a statement.

The arrangement keeps the trading interface inside the Base App while relying on Hyperliquid’s infrastructure to process orders. Coinbase did not disclose whether it receives a share of trading fees, pays Hyperliquid for order execution, or applies additional charges to trades placed through the app.

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Perpetual contracts let traders take long or short positions on an asset without buying the underlying instrument. Unlike dated futures, the contracts have no fixed expiry, while funding payments between long and short traders help keep their prices close to the referenced market.

Alongside Bitcoin and Ethereum, the available markets include contracts linked to equities and commodities. Coinbase did not provide a complete list of the supported markets in its announcement, and leverage can fall below the advertised 50x maximum depending on the asset.

The stock-linked products provide price exposure through derivatives rather than ownership of company shares. Traders therefore do not receive voting rights, dividends or other rights normally attached to the underlying stock.

A June report on pre-IPO perpetuals examined Coinbase’s contracts tied to private companies, including SpaceX, OpenAI, and Anthropic. Such products rely on constructed reference prices because privately held companies do not have continuously traded public shares.

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Up to 50x leverage raises liquidation risk

Using 50x leverage allows a trader to control a position worth 50 times the capital committed as margin. The same structure can amplify losses, with relatively small price changes capable of exhausting the funds supporting a position.

Coinbase said positions may be liquidated when losses pass the applicable maintenance threshold. Hyperliquid’s execution system can close a position if the trader no longer has enough collateral to keep it open, although the precise liquidation level depends on the market, position size, and leverage selected.

Turakhia said perpetual contracts account for about 75% of current cryptocurrency trading volume, describing the product as the most requested addition among frequent Base App users.

“Perps are where the volume is—roughly 75% of all crypto trading today is perps, not spot,” he said.

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Coinbase did not identify the dataset or measurement period behind the 75% figure. Trading-volume estimates can differ depending on whether a calculation includes centralized exchanges, decentralized protocols, dated futures, options, and exchanges that do not publish independently verified figures.

Hyperliquid has developed into one of the largest on-chain venues for perpetual contracts. A May review of the protocol cited industry trackers showing that it processed more monthly perpetual volume than several competing decentralized platforms combined.

For Base App users, the integration removes the need to open a separate Hyperliquid interface before entering a position. Coinbase, however, has not said whether the Base App will offer every Hyperliquid order type or provide the same trading controls available through Hyperliquid’s native platform.

US users remain blocked from Base App perpetuals

Coinbase said the new perpetual product is unavailable in the United States, the United Kingdom, Canada, and other jurisdictions that restrict leveraged cryptocurrency derivatives.

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American customers therefore cannot use the Base App integration to trade Hyperliquid perpetuals. Coinbase offers separate futures products in the United States through Coinbase Financial Markets, a futures commission merchant registered with the Commodity Futures Trading Commission and a member of the National Futures Association.

According to Coinbase’s risk disclosures, its regulated U.S. futures service can liquidate positions if a customer’s margin ratio reaches 100%. The company also warns that leveraged futures may produce losses exceeding the amount initially deposited.

Funds placed in a U.S. Coinbase Financial Markets futures account fall under CFTC customer-protection rules, including segregation requirements. Coinbase states that ordinary spot balances held by Coinbase Inc. do not receive the same protection.

Hyperliquid perpetuals inside the Base App are separate from the regulated U.S. futures service. Coinbase has not announced a timetable for seeking American access to the new integration or identified a U.S.-regulated entity that would offer the contracts.

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The geographic limits also exclude UK users from the product, even though Coinbase has recently expanded other services in the country. In August, the exchange began rolling out access to almost 4,000 U.S. stocks for eligible UK customers, with trading available 24 hours a day on weekdays.

Base App has returned its focus to financial products

The Hyperliquid integration follows a change in Base App’s product priorities after its earlier focus on social feeds, creators, and creator tokens failed to produce the user growth its developers expected.

As crypto.news reported in July, Base creator Jesse Pollak said the network had fallen behind in prediction markets and perpetual futures while concentrating on social products.

Pollak wrote that demand for the social features had “disintegrated completely” and called the creator-led approach the “wrong bet.” He subsequently stepped back from leading the Base App to concentrate on the development of the Base blockchain, while Coinbase resumed control of the application.

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Trading, payments, stablecoins, and AI agents have since taken a more prominent role in the app’s development. Coinbase has also pursued an “Everything Exchange” model that combines crypto markets with stocks, derivatives, prediction markets, and other financial products.

In July, coverage of prediction markets showed that Coinbase had described the category as one of its fastest-growing products. The company’s first-quarter 2026 shareholder materials said retail derivatives had passed $200 million in annualized revenue, while derivatives volume over the previous 12 months had risen 169% year over year.

Base already offered perpetual trading through Avantis and prediction markets through Limitless, but Pollak acknowledged in July that both products trailed larger competitors. Dune Analytics data cited at the time showed that Limitless accounted for about 0.5% of monthly prediction-market notional volume.

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Japan 225 Analysis: Index Declines Amid Rising BoJ Rate Expectations

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Japan 225 Analysis: Index Declines Amid Rising BoJ Rate Expectations

Selling pressure on the Japan 225 has intensified as markets increasingly anticipate a possible Bank of Japan rate hike in September. According to Reuters, policymakers are considering taking action at the 17–18 September meeting and may be open to tightening monetary policy at a faster pace than the current guidance of roughly two rate increases per year.

Market pricing points to a high probability of a September hike. At the same time, Japanese government bond yields have climbed to multi-year highs, reflecting growing expectations for tighter monetary policy alongside concerns over inflation and fiscal risks.

Technical Analysis of Japan 225

The H4 chart of the Japan 225 shows an upward trend that developed against a backdrop of declining vertical volume, with the index advancing from a local base formed in late July towards a peak of 69,600.

The trendline now appears to have been broken, with the move accompanied by a steady increase in trading volume. This suggests that the current decline is gaining more momentum than the preceding advance.

The index is currently trading around the Point of Control (POC) at 66,130, within the boundaries of the current market profile. The upper boundary is located at 67,470, while the lower boundary stands at 65,215.

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If the breakdown extends and the price moves below the lower boundary of the profile, the next significant area of interest would be the 63,015 support zone, where the nearest concentration of market activity is located.

Conversely, if buyers regain control and successfully push the index back through the profile from below, the previous uptrend high at 69,600 would become the next major resistance level.

The RSI + MAs indicator currently shows readings of 39, 39 and 49. RSI has already entered oversold territory, while the fast moving average remains below the neutral zone and the slow moving average is positioned around its midpoint.

Key Takeaways

The fundamental backdrop remains mixed. Expectations of a Bank of Japan rate hike are weighing on the Japan 225, while weak domestic demand adds another source of uncertainty.

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In the near term, the index is likely to remain sensitive to expectations surrounding the BoJ’s next policy decision, incoming inflation data, movements in the yen and changes in Japanese government bond yields. These factors could determine whether the current technical correction develops into a deeper decline or gives way to a renewed recovery.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Shiba Inu Says Bears “Chose Cardio,” but SHIB Lagged Most of the Market

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Shiba Inu Price Performance

Shiba Inu (SHIB) rose 6.76% on Thursday, yet the meme coin trailed a market-wide rally that lifted Ethereum by 17.8%.

The project’s official account claimed credit for the bounce, telling followers that bears saw the token coming and chose cardio. Broader market flows suggest otherwise.

Why the Shiba Inu Price Move Tracked the Market, Not the Memes

The Shib team skipped any technical explanation. Instead, it’s post cast sellers as runners who abandoned the trade rather than defend it.

Almost every major asset moved the same way. Total crypto market value reached roughly $2.34 trillion on Thursday, about 9.32% above the previous day’s low.

Bitcoin (BTC) added 8.1% over 24 hours and trades at $69,515, while Ethereum (ETH) jumped 17.8% to $2,251.

The trigger sat far outside meme coin circles. Bitcoin reclaimed $70,000 on Wednesday after President Donald Trump floated a sizable government purchase, and $1.23 billion in short positions liquidated within an hour.

Smaller assets ran harder still. Solana (SOL) gained 10.2% and Pepe (PEPE) climbed 13.8%, which left Shiba Inu among the weaker names of the session.

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Dogecoin (DOGE), the largest meme coin by market value, rose 6.8%. The two dog tokens therefore moved almost in lockstep, without any comparable posting campaign behind DOGE.

Hours later, the same account credited holders directly. Team members said the steady bullish posting had moved the market, then urged the community to keep going.

Correlation makes that claim hard to test. Shiba Inu has largely followed Bitcoin through 2026, so a market-wide bounce tends to lift it whatever the account posts.

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Meanwhile, the playbook echoes late July. The team argued then that original crypto culture had never faded, and SHIB rallied close to 22% that week.

Bull Posting Meets Thinner On-Chain Data

However, one green day looks small next to the longer record. SHIB sits 61.2% lower than a year ago, and the token trades at $0.00000477.

Scale matters too. SHIB peaked at $0.00008616 in October 2021, which leaves Thursday’s level roughly 94% below the record.

Shiba Inu Price Performance
Shiba Inu Price Performance. Source: BeInCrypto Markets

Liquidity offers another check on the enthusiasm. Roughly $104 million changed hands over 24 hours, a modest figure for the 33rd-largest crypto asset.

Trader sentiment also stays split. In June, trader James Wynn dismissed Shiba Inu as old and dead while whales moved more than a trillion tokens onto exchanges.

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Network data adds a further caveat. Shibarium activity fell sharply earlier this summer, and a six-month high in burns failed to shift the price at all.

Attention still matters for tokens with no revenue behind them. Yet it cuts both ways here, because the same flows that lifted SHIB lifted almost everything else harder.

Therefore, the session says more about broad risk appetite than about community sentiment. Shiba Inu price action has followed the wider market for most of this year.

The coming sessions should show whether Shiba Inu can lead rather than follow. BeInCrypto’s August price prediction flags $0.00000548 as the ceiling that rejected the token last month.

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Bitcoin Eyes $72,000 As Crypto Short Liquidations Pass The $3 Billion Mark

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Bitcoin Eyes $72,000 As Crypto Short Liquidations Pass The $3 Billion Mark

Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days.

Key points:

  • Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data.
  • Bitcoin continues its upside reaction to a US Treasury liquidity intervention, approaching $72,000.
  • Bitcoin short-term holders take profit on previously underwater positions and move 43,300 BTC.

Two-day crypto short liquidations hit $3.1 billion

Data from CoinGlass shows ongoing crypto short liquidations at $3.1 billion for Aug. 19-20. Thursday’s tally was largest single-day wipeout of shorts ever recorded.

Crypto liquidations history (screenshot). Source: CoinGlass

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On Wednesday, BTC/USD led the charge by reacting to a liquidity intervention by the US Treasury with a price spike to the highest levels seen since the start of June. At the time of writing, upside continues, with the pair reaching local highs of $71,992 on Bitstamp, per data from TradingView.

BTC/USD one-day chart. Source: Cointelegraph/TradingView

CoinGlass shows Bitcoin accounting for just over half of the total short liquidations at $1.65 billion.

The numbers do not represent the largest crypto liquidation event if long positions are included. It is dwarfed by the $20 billion long liquidation cascade that followed Bitcoin’s reversal from the most recent all-time high of $126,200 in October 2025.

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In US dollar terms, data from CoinMarketCap puts Thursday’s total liquidations in seventh place historically, calculating the day’s long and short liquidations as $3.25 billion.

Bitcoin speculators take profit as cost basis returns

Bitcoin investors, meanwhile, capitalized on positions that were previously held at an unrealized loss.

Related: HYPE jumps 20% as Trump signals legal US path for Hyperliquid

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Short-term holders — wallets holding a UTXO for less than 155 days — sent a record 43,300 BTC in profit to exchanges in their largest profit-taking move of 2026, per onchain analytics platform CryptoQuant.

Bitcoin STH profit and loss to exchanges (screenshot). Source: CryptoQuant

As of Thursday, the spent output profit ratio (SOPR) metric for the short-term holder (STH) cohort stood at 1.01, its highest since April. This reflects that the majority of coins in UTXOs from STH wallets moved at a higher price than in their previous transaction.

Bitcoin STH-SOPR data. Source: CryptoQuant

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Previously, Cointelegraph reported that the STH cohort’s aggregate cost basis, also known as the STH realized price, stood at $68,700. At the time, analysis warned that any price upside could be stifled by the urge of investors in this cohort to exit underwater positions.

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Crypto Markets Add Over $200B Daily as Bitcoin (BTC) Surges Past $70K: Market Watch

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It was almost painful for days to write these price updates, but this isn’t the case today, as bitcoin recorded its most impressive surge in 2026 that wasn’t after a notable decline. The asset skyrocketed by several grand yesterday and tapped a two-month peak at over $70,000.

The altcoins have all turned green as well, helping the total market cap add $200 billion in the span of less than 24 hours.

BTC Rocketed Past $70K

It was less than a week ago, on Friday, when the bears appeared to be in control of the market, pushing the largest digital asset to $62,500. Although it rebounded in the following days, it remained sideways at $63,000 with little to no indication of an upcoming breakout.

The first signs emerged on Monday and Tuesday as the cryptocurrency gradually increased to $64,000 and even briefly tapped $65,000. It was stopped there and slipped to $64,400 yesterday before all hell broke loose. What took place in the following few hours was almost thought to be impossible in the crypto markets.

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Bitcoin initiated a massive leg up that drove it higher by over $6,000 in hours. It smashed through several key resistance zones and finally touched $70,000 for the first time since mid-June. Although it was stopped there at first and slipped to $68,000, the bulls were more persistent and drove it higher to well over $70,000 as of press time again, while the community comments on the possible reasons behind this surge.

Its market capitalization has exploded by over $100 billion in a day to $1.410 trillion on CG. Its dominance over the alts stands tall at 57%.

BTCUSD August 20. Source: TradingView
BTCUSD August 20. Source: TradingView

Alts See Nothing But Green

Ethereum has taken the main stage during this revival, surging by over 17% to a multi-month peak of its own at $2,270. HYPE has also taken full advantage of the situation, especially after some promising words from Trump, and now sits at $72 following a mind-blowing 24% pump. SOL, XRP, DOGE, RAIN, ZEC, LINK, and BNB are all in the green.

There are a few exceptions, such as XMR and WLFI, but the dominant market sentiment among the alts has flipped significantly.

This has pushed the total crypto market cap to $2.470 billion as of press time – or roughly $200 billion higher than yesterday.

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Cryptocurrency Market Overview August 20. Source: QuantifyCrypto
Cryptocurrency Market Overview August 20. Source: QuantifyCrypto

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BYDFi Joins Coinfest Asia 2026, Connecting with Institutions, Builders and Traders in Bali

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BYDFi Joins Coinfest Asia 2026, Connecting with Institutions, Builders and Traders in Bali

Global crypto exchange BYDFi is participating as a Gold Sponsor at Coinfest Asia 2026, taking place August 20-21 at Melasti Beach in Bali. Positioned as “The World’s Crypto Festival Built for Institutions, Builders & Traders,” the event brings together participants across digital assets, finance, technology, and trading. Attendees can meet the BYDFi team at Booth A1 throughout the two-day event.

Coinfest Asia 2026 Returns for Its Fifth Edition

Coinfest Asia 2026 marks the fifth annual edition of the event, spanning five beach clubs at Melasti Beach as one integrated venue. With more than 150 CEOs and industry leaders expected across the two-day event, the program combines conference sessions, product discovery, networking, and community experiences within the beachfront setting.

The 2026 agenda is organized into three intent-based tracks: Institutional, Builders, and Traders. Together, they cover digital asset adoption, stablecoins, tokenization, regulation, AI, blockchain infrastructure, product development, market narratives, and trading strategy. Asia Go-To-Market Sessions add localized perspectives on regulatory environments, user behavior, and ecosystem development across key Asian markets.


Trading Conversations and Community Interaction in Bali

At Booth A1, BYDFi is meeting with traders, builders, institutional representatives, partners, and community members to exchange perspectives on market access, product usability, and changing trading needs. Visitors can also learn more about BYDFi’s trading experience across spot trading, perpetual contracts, copy trading, trading bots, and TradFi trading.

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The booth features a Lucky Wheel where attendees can take part in on-site interaction and receive exclusive BYDFi merchandise. The activity has drawn a steady flow of visitors, with attendees gathering around the booth to watch, participate, and speak with the BYDFi team.


Reliability in a Fast-Moving Market

Coinfest Asia 2026 brings institutions, builders, and traders into one setting as digital assets become increasingly connected to the wider financial system. For BYDFi, the conversations taking place in Bali offer a timely view of shifts in technology, industry priorities, and user expectations.

This environment reinforces BYDFi’s focus on practical product improvement, steady execution, and a dependable trading experience. As user needs continue to change, that focus remains central to how BYDFi carries Built for Reliability forward.


About BYDFi

Founded in 2020, BYDFi now serves over 1,000,000 users across 190+ countries and regions. BYDFi is Newcastle United’s Exclusive Official Crypto Exchange Partner and is listed by Forbes Advisor Canada among the best crypto exchanges in Canada for 2026.

BYDFi is dedicated to delivering a world-class crypto trading experience for every user.

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BUIDL Your Dream Finance.

  • Website: https://www.bydfi.com
  • Support email: cs@bydfi.com
  • Business partnerships: bd@bydfi.com
  • Media inquiries: media@bydfi.com

X (Twitter) | Instagram | Telegram | YouTube | TikTok | How to Buy on BYDFi

The post BYDFi Joins Coinfest Asia 2026, Connecting with Institutions, Builders and Traders in Bali appeared first on BeInCrypto.

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BYDFi Joins Coinfest Asia 2026, Connecting with Institutions, Builders and Traders in Bali

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[PRESS RELEASE – VICTORIA, Seychelles, August 20th, 2026]

Global crypto exchange BYDFi is participating as a Gold Sponsor at Coinfest Asia 2026, taking place August 20-21 at Melasti Beach in Bali. Positioned as “The World’s Crypto Festival Built for Institutions, Builders & Traders,” the event brings together participants across digital assets, finance, technology, and trading. Attendees can meet the BYDFi team at Booth A1 throughout the two-day event.

Coinfest Asia 2026 Returns for Its Fifth Edition

Coinfest Asia 2026 marks the fifth annual edition of the event, spanning five beach clubs at Melasti Beach as one integrated venue. With more than 150 CEOs and industry leaders expected across the two-day event, the program combines conference sessions, product discovery, networking, and community experiences within the beachfront setting.

Advertisement

The 2026 agenda is organized into three intent-based tracks: Institutional, Builders, and Traders. Together, they cover digital asset adoption, stablecoins, tokenization, regulation, AI, blockchain infrastructure, product development, market narratives, and trading strategy. Asia Go-To-Market Sessions add localized perspectives on regulatory environments, user behavior, and ecosystem development across key Asian markets.

Trading Conversations and Community Interaction in Bali

At Booth A1, BYDFi is meeting with traders, builders, institutional representatives, partners, and community members to exchange perspectives on market access, product usability, and changing trading needs. Visitors can also learn more about BYDFi’s trading experience across spot trading, perpetual contracts, copy trading, trading bots, and TradFi trading.

The booth features a Lucky Wheel where attendees can take part in on-site interaction and receive exclusive BYDFi merchandise. The activity has drawn a steady flow of visitors, with attendees gathering around the booth to watch, participate, and speak with the BYDFi team.

Advertisement

Reliability in a Fast-Moving Market

Coinfest Asia 2026 brings institutions, builders, and traders into one setting as digital assets become increasingly connected to the wider financial system. For BYDFi, the conversations taking place in Bali offer a timely view of shifts in technology, industry priorities, and user expectations.

This environment reinforces BYDFi’s focus on practical product improvement, steady execution, and a dependable trading experience. As user needs continue to change, that focus remains central to how BYDFi carries Built for Reliability forward.

About BYDFi

Advertisement

Founded in 2020, BYDFi now serves over 1,000,000 users across 190+ countries and regions. BYDFi is Newcastle United’s Exclusive Official Crypto Exchange Partner and is listed by Forbes Advisor Canada among the best crypto exchanges in Canada for 2026.

BYDFi is dedicated to delivering a world-class crypto trading experience for every user.

BUIDL Your Dream Finance.

  • Website: https://www.bydfi.com
  • Support email: cs@bydfi.com
  • Business partnerships: bd@bydfi.com
  • Media inquiries: media@bydfi.com

X (Twitter) | Instagram | Telegram | YouTube | TikTok | How to Buy on BYDFi

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Elon Musk's X is exploring stablecoins to pay influencers and content providers

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Elon Musk's X hires crypto-savvy design lead as X Money payments push inches closer


Conversations with X are ongoing, according to a person who also works with other social media platforms testing stablecoins to pay influencers.

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Hyperliquid surges 22% as Trump signals potential pathway into US market

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Hyperliquid surges 22% as Trump signals potential pathway into US market

Key takeaways

  • Hyperliquid’s HYPE token surged 22% to $71.91 following comments from President Donald Trump.
  • Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the US through a compliant and legal framework.
  • HYPE must overcome resistance between $73 and $76 to challenge its record high of $76.87.

Hyperliquid (HYPE) rallied more than 20% on Wednesday after President Donald Trump revealed that the Commodity Futures Trading Commission is working on a potential regulatory pathway for the decentralized perpetual futures platform to enter the United States.

HYPE jumped 22% to $71.61 following the remarks, approaching its all-time high of $76.87 as optimism surrounding potential US expansion added to a broader cryptocurrency market recovery.

Trump signals compliant pathway for Hyperliquid

Speaking during a White House meeting with cryptocurrency, financial and technology executives, Trump said CFTC Chair Michael Selig was working to establish a legal route for Hyperliquid to operate in the US.

“I understand that Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion, working very hard on that,” Trump said. “We would really like to see it.”

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The president’s comments do not mean that regulators have approved Hyperliquid to offer its services in the country. However, they confirm that the CFTC is considering how the platform could enter the US while complying with federal derivatives regulations.

The agency authorized the first perpetual futures contracts on registered US exchanges earlier this year, marking an important step toward bringing the popular cryptocurrency derivatives product into the domestic market.

Perpetual futures are derivatives contracts that allow traders to speculate on an asset’s price without an expiration date.

The products account for a substantial share of global cryptocurrency trading but have traditionally been concentrated on offshore and decentralized platforms due to regulatory restrictions in the US.

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A compliant pathway could give Hyperliquid access to one of the world’s largest financial markets while potentially attracting greater institutional participation.

However, operating in the country would likely require the platform to satisfy rules governing registration, market surveillance, customer protection, anti-money laundering measures and derivatives trading.

Trump’s comments came during a wider White House gathering involving leaders from the cryptocurrency and traditional financial industries.

Attendees included Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, Kraken co-CEO Arjun Sethi and Gemini co-founders Cameron and Tyler Winklevoss.

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Nasdaq CEO Adena Friedman and Intercontinental Exchange CEO Jeffrey Sprecher also attended, alongside representatives from Chainlink and venture capital firm Andreessen Horowitz.

Government officials at the meeting included SEC Chair Paul Atkins, CFTC Chair Michael Selig and White House crypto adviser Patrick Witt.

Trump used the event to reaffirm his administration’s ambition to position the US at the forefront of emerging technologies.

“We’re ensuring that America remains the undisputed leader not only in Bitcoin and crypto but also technologies like prediction markets, artificial intelligence and much more,” Trump said.

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He also criticized the previous administration’s policies, arguing that they discouraged digital asset innovation in the US.

HYPE approaches all-time high

HYPE climbed 22% to $71.61 after Trump’s remarks, placing the token within reach of its $76.87 all-time high.

The immediate resistance zone sits between $73 and $76. A decisive move above this area could allow HYPE to establish a new record and potentially target the next major resistance near $94.80.

HYPE/USD 4H Chart

Failure to overcome the $73-to-$76 region could trigger profit-taking after Wednesday’s sharp advance.

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The rally also benefited from strength across the broader cryptocurrency market. Bitcoin, Ethereum and Solana recorded substantial gains as a market-wide short squeeze contributed to nearly $3 billion in liquidations over 24 hours.

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Bitcoin approaches $72,000 as Strategy and Coinbase continue rally

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Bitcoin approaches $72,000 as Strategy and Coinbase continue rally


Bitcoin has gained 15% since monday, reclaiming several key technical and on-chain levels as bullish momentum builds.

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BitGo secures South Korea virtual asset license, says it's the first global crypto company to do so

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South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament


Backed by Hana Financial Group and SK Telecom, BitGo Korea built a locally registered entity from scratch to serve institutional and enterprise clients, rather than taking the acquisition route.

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