Crypto World
HYPE price falls 7.5% as Supertrend turns bearish
Hyperliquid’s HYPE token fell about 7.5% over the past week, retreating from $83.55 to around $78.70 as legal concerns and weaker technical momentum weighed on its recent rally.
Summary
- HYPE price has fallen 7.5% since Sep. 10 after setting a record high near $89.
- 4-hour Supertrend resistance sits at $82.30, keeping the short-term structure bearish.
- Bollinger Band support at $75.83 remains the main level protecting the broader uptrend.
- Hyperliquid reportedly bought and burned 36,720 HYPE worth $2.84 million within 24 hours.
HYPE price retreats from record high
Hyperliquid (HYPE) price traded near $78.70 on Sep. 16 after falling from an opening price of $83.55 on Sep. 10. The move represented a weekly decline of about 7.5%, although the token remained well above its August trading range.
The correction followed HYPE’s rally to a record high near $89 in early September. Daily candles show that buyers repeatedly failed to hold prices above the $88 area before sellers pushed the token below $82.
HYPE briefly dropped toward $76 on Sep. 16 before rebounding to around $78.70. The recovery showed that buyers remained active near the lower end of the week’s range, but price had yet to reclaim the technical levels that would signal a stronger reversal.
The pullback also followed federal charges against two former Robinhood engineers accused of using confidential listing information to trade perpetual futures on Hyperliquid.
Separate federal complaints alleged that Huaisong “Jerry” Xiang and Hefu Chai traded ahead of Robinhood’s public announcements. Prosecutors said each defendant earned more than $50,000 through the alleged activity. The allegations concern the individuals’ conduct and do not accuse Hyperliquid or its developers of participating in the scheme.
Short-term HYPE structure remains bearish
The 4-hour chart shows HYPE trading below the Supertrend indicator, which had shifted to resistance at $82.30. The indicator will continue to favor sellers unless the token closes above that level and holds it as support.
HYPE’s 4-hour Relative Strength Index stood at 47.77, while its RSI-based average was 45.16. The readings place momentum near neutral territory after recovering from a recent approach toward oversold conditions.
Price action has also formed a series of lower highs since the Sep. 7 peak. A rebound toward $80 stalled before reaching the Supertrend line, suggesting that sellers continue to defend rallies.
The $80 psychological level is the first barrier for buyers. A sustained move above it could allow HYPE to test the $82.18–$82.30 area, where the daily Bollinger Band midpoint and 4-hour Supertrend resistance converge.
A close above that zone would weaken the bearish short-term setup and expose $84.30, followed by the upper Bollinger Band near $88.53. The record area between $89 and $90 would become relevant only if HYPE clears those intermediate levels.
Daily Bollinger support protects the larger uptrend
The daily chart presents a less bearish picture than the 4-hour setup. HYPE remained above the lower Bollinger Band at $75.83 despite trading below the middle band at $82.18.
Daily RSI stood at 50.65, down from an overbought reading reached during the early-September rally. The indicator’s average remained higher at 57.48, showing that momentum has cooled faster than its recent trend.
A daily close below $75.83 would mark a more serious technical breakdown. The next visible support zone lies around $72, where HYPE consolidated before its late-August advance. A deeper correction could then bring the $68–$70 region back into focus.
The wider chart still shows a sequence of higher lows from the August bottom near $51. HYPE would therefore need to lose the mid-$70s support area before the larger recovery structure faces a clearer threat.
Holding $75.83 while reclaiming $82.30 would instead support a consolidation scenario between the lower and middle Bollinger Bands.
Liquidation map places liquidity near $80
CoinGlass’ 24-hour liquidation heatmap shows a dense liquidity cluster between roughly $78.40 and $78.90, close to HYPE’s current price. A second concentration appears between $79.70 and $80.50.
Those bands could attract price during a rebound because leveraged positions tend to accumulate around crowded levels. The heatmap does not show that all positions in those zones have already been liquidated; it identifies areas where forced closures could increase if price reaches them.
Above the market, the strongest nearby liquidity sits around $80.30. A move through that level could accelerate toward $81 and $82 as short positions face pressure.
Liquidity is also visible below price around $75–$76, aligning with the daily lower Bollinger Band. A break under $77 could therefore expose HYPE to a sweep of leveraged long positions before buyers attempt another recovery.
Token burns offer support during the correction
Onchain Lens reported that Hyperliquid bought and burned 36,720 HYPE worth about $2.84 million during a 24-hour period, at a volume-weighted average price of $77.31.
The account said lifetime burns had reached 48.67 million HYPE, valued at approximately $3.78 billion and equal to 4.87% of the token’s maximum supply. It also reported $2.14 million in rolling 24-hour fees and $2.07 million in HYPE-directed revenue.
The buyback mechanism may absorb part of the available sell-side supply, but the charts show that it has not yet restored bullish short-term momentum.
For HYPE, the immediate setup depends on whether buyers can defend $75.83 and push the price above $82.30. Remaining below that resistance would leave the token vulnerable to further consolidation, while a confirmed reclaim could reopen a path toward $84.30 and $88.53.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The research project “Arabia’s Top Companies 2026” is a comprehensive analysis conducted to identify the top performing companies in the GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates). The study is based on three primary dimensions: Employee Satisfaction, Revenue Growth and Sustainability Transparency (ESG).
Methodology
The first dimension, Employee Satisfaction, was investigated based on survey data from a large sample of over 20,000 employees in the region. The evaluation encompassed direct recommendations of verified employees as well as indirect evaluations from industry peers.
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The governance dimension evaluated whether a company had a Corporate Social Responsibility (CSR) report adhering to the Global Reporting Initiative (GRI) guidelines and a compliance or anti-corruption guideline.
Once the data was collected and evaluated, it was consolidated and weighted within a scoring model. The scores of all three dimensions were added on an equal percentage basis to form the final ranking score of a maximum of 100 points. The 200 companies with the highest scores were awarded as Arabia’s Top Companies 2026 by TIME and Statista.
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Tokenized commodities
The tokenized real-world asset market has expanded rapidly beyond U.S. Treasuries and private credit into equities, funds and commodities. Tokenized commodities now represent about $4.9 billion in distributed value across 130 products, led by gold-backed tokens from Tether and Paxos, while the number of commodity-token holders rose 13% over the past month to almost 339,000, according to RWA.xyz
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It’s been four months, over 120 days, since Strategy’s dividend vehicle, STRC, broke parity and the executive leadership made getting it back to its $100 peg its absolute, number one priority.
Since then, it’s never, not even for a second, managed to get back to parity.
This week, however, as Strategy continued a major shift in its business model — repurchasing shares of STRC instead of buying BTC — it seemed as though it would finally succeed, with STRC cruising to $99 on Monday.
Unfortunately, it wasn’t meant to be.
The next day, STRC fell back to nearly $97. There’s no evidence of further internal purchases yet.
Read more: MSTR has lost 75% of its value since STRC began trading
More STRC sellers than buyers
Despite months of buying its own dividend vehicle, countless promises, and Strategy executives claiming that STRC is priority number one for the firm, the asset has remained stubbornly off-parity.
The CLARITY Act failing to pass only hurt the company’s cause more, with Strategy down 7% on the day.
In the meantime, Strategy Chairman Michael Saylor has continued to incessantly repost strange, bullish Bitcoin AI videos.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
The U.S. Capitol in Washington, July 22, 2026.
Aaron Schwartz | Bloomberg | Getty Images
The battle for the U.S. Senate is still tight, but prediction market traders think Democrats have one of their best chances yet of taking the upper chamber.
Speculators on Kalshi now give Democrats a 54% chance to win the Senate, nearly matching a level reached in mid-April. On Polymarket, the odds are even higher, with a 59% chance that Democrats wrest control.
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GOP fortunes have darkened in recent weeks. U.S. oil prices are now above $100 per barrel, gasoline is above $4 a gallon nationally and diesel prices are at an all-time high. Pediction market traders now think gas prices will hit new highs this year.
This week has brought several high-quality polls showing Democrats with a favorable environment heading into November. A New York Times/Siena University poll released Wednesday showed likely voters nationwide favoring Democratic candidates over Republicans in their congressional districts by close to 9 percentage points.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
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London, September 16, 2026 – Wirex, the global stablecoin infrastructure provider, has today launched Wirex One, the first stablecoin neobank built for the growing segment of mass affluent consumers, to the public. The platform is a day-one launch partner on Arc’s mainnet, delivering a private banking experience with true asset ownership.
Following a closed beta that amassed over 20,000 users in testing since June, Wirex One is now available globally.
Wirex One launches as part of Wirex’s wider integration with Arc, making Arc available as a settlement layer for any partner issuing cards and accounts through the Wirex API. Arc is an open blockchain network built for the world’s financial markets, real-time money movement, and agentic economic activity.
Wirex One was created for an underserved market. The global private banking market is projected to grow by over 10% annually to reach $1.24 trillion by 2035, yet a large segment of affluent individuals remain structurally underserved: too wealthy for retail banking, but below the minimum for traditional private banking. Stablecoins are closing that gap, enabling secure, borderless wealth management that the traditional financial system cannot provide.
Wirex One brings private banking onchain, managing everyday spending, yield, overseas transfers, borrowing, and investing from a single place. Arc was strategically chosen as the foundation for Wirex One due to its stablecoin-native, payments-optimised design, with a built-in privacy layer and real-time settlement.
Paired with Privy’s non-custodial wallet technology, it gives users complete ownership over their assets and institutional-grade security, without the complexity that typically comes with crypto wallets.
At launch, key features include:
- Stablecoin-funded card with up to 8% cashback in USD, instantly spendable in everyday life
- Access to selected crypto and stablecoin yield features
- Support for a wide range of crypto assets
- Multi-currency accounts, with fee-free FX and ATM withdrawals globally
- Ability to send and receive via SEPA, ACH, Faster Payments, card transfers, and crypto transfers
- Innovative membership model, offering higher rewards, fee-free trading, dedicated account management, and 50% off premium subscriptions for leading AI and financial platforms for higher tiers
Pavel Matveev, Co-Founder & CEO of Wirex, said: “A new wave of fintech apps are being built on stablecoin rails, and they all need the same foundation: regulated issuing, accounts, settlement, and yield. Wirex One is our own consumer platform built on that infrastructure, redefining what a private bank can be: a bank you control, not one that controls you. Every partner integrating with Wirex’s infrastructure gets the same rails, the same scheme access, and now the same day-one access to Arc.”
Today’s announcement is a major milestone in Wirex’s vision to build a unified, onchain suite of financial services for consumers and businesses on their stablecoin infrastructure, which recently reached $2 billion annualised card spend volume. In the coming weeks, Wirex One will expand to include tokenised equities and perpetuals.
More information about Wirex One, including card availability in supported jurisdictions, is available at Wirex’s website.
Developers can learn more about integrating with Wirex’s infrastructure on Arc here. The list of supported countries can be viewed here. Rewards are valued in USD
About Wirex
Wirex is the global stablecoin infrastructure behind a complete banking stack. Through a single API, any app, wallet or fintech can launch regulated accounts, cards, payments, payouts, yield, cashback and travel, settled in stablecoins, on any chain. Wirex is one of the few crypto-enabled platforms with principal membership of both Visa and Mastercard, settling in USDC and EURC without an intermediary bank.
Wirex builds its own products on that same infrastructure, through the same API: Wirex One, a stablecoin neobank for consumers, with Wirex Private as its highest membership tier; Wirex Business for companies; and Wirex Agents, giving AI agents the ability to transact onchain.
Trusted by over 8 million users since 2014, Wirex has processed more than $20 billion in transactions across 130 countries, and created the first crypto-enabled card in 2015. Built on a decade-long track record of regulatory compliance, enterprise-grade security and onchain innovation, Wirex is creating a financial system where money moves globally and instantly, giving consumers and businesses true ownership, privacy by architecture, and access to the next generation of global payments and settlement.
Disclaimers:
Arc is an open L1 blockchain launched by Arc Network Services LLC (“Arc LLC”) and operated by a permissioned validator set. Arc LLC provides software services only and does not offer regulated financial or advisory services. Arc has not been reviewed or approved by the New York State Department of Financial Services or any other regulatory authority.
The Arc network is provided “as is” and “as available.” Use of Arc involves inherent risks associated with blockchain technology, including smart contract vulnerabilities, network disruptions, and the absence of recourse for transaction errors or losses. The ability to transact on Arc depends on the ability to obtain and use USDC to pay gas fees. Neither Arc LLC nor any permissioned validator is responsible for the content, accuracy, legality, or functionality of third-party applications, protocols, or services built on or integrated with Arc. You are solely responsible for features or services you provide to users, including obtaining any necessary licenses or approvals and otherwise complying with applicable laws.
All Arc features may be modified, delayed, or cancelled at any time without notice. Nothing herein constitutes a commitment, warranty, guarantee or legal, regulatory, tax, or investment advice.
The post Wirex One Launches Publicly on Arc, Bringing Stablecoin Private Banking to the Mass Affluent Market appeared first on BeInCrypto.
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