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Layer-1 blockchain network Hyperliquid has seen an explosion in trading through “Builder-Deployed Perpetuals” this month, hitting a new all-time high in open interest on Monday. In a post on X, Hyperliquid attributed the rapid adoption of HIP-3 — a permissionless market creation framework — to a surge in commodities trading.“HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.” Source: Hyperliquid HIP-3 was a Hyperliquid improvement proposal that went live in mid-October. Its introduction enables builders to…

Binance saw its largest weekly net outflows since Nov 2025, with over $6B leaving across BTC, ETH, and USDT. Stablecoin supply on the Ethereum network fell by roughly $7 billion over the past week, dropping from $162 billion to $155 billion, according to on-chain data shared by analyst Darkfost. The move stands out because it is the first sharp weekly contraction in ERC-20 stablecoins during the current market cycle, adding to signs that liquidity is thinning across crypto markets as prices correct and capital shifts toward other asset classes. Stablecoin Supply Shrinks as Capital Leaves Exchanges Darkfost wrote that a…

Strive (ASST), a bitcoin treasury and asset management company, is using perpetual preferred equity to retire convertible debt and restructure its balance sheet, a method that could offer a template for Strategy (MSTR) in the future.On Thursday, the company priced a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock SATA, at $90 per share. The transaction was upsized beyond the initially announced $150 million to allow for the issuance of up to 2.25 million SATA shares in aggregate, combining public issuance with privately negotiated debt exchanges.Strive said it intends to use the net proceeds to pay down…

Caroline Bishop Jan 26, 2026 02:38 Hong Kong’s central bank doubles its RMB liquidity facility to RMB200 billion as 40 banks exhaust initial quotas, expanding offshore yuan reach to ASEAN and Europe. Hong Kong’s monetary authority is doubling its renminbi lending facility to RMB200 billion ($27.5 billion) after overwhelming bank demand exhausted the initial allocation in just three months.The Hong Kong Monetary Authority announced January 26 that the expanded RMB Business Facility takes effect February 2, backed by the People’s Bank of China through their currency swap arrangement. All 40 participating banks have either hit or are approaching their quota…

On-chain decentralized exchange (DEX) aggregator, SwapNet, has suffered a major smart contract exploit that drained nearly $16.8 million in crypto assets.The incident highlights persistent security risks tied to token approvals and third-party routing contracts in decentralized finance (DeFi).Sponsored SponsoredOn-Chain DEX Aggregator SwapNet Suffers $16.8 Million ExploitPeckShield reported that the attacker targeted SwapNet-linked activity accessible through Matcha Meta, a meta DEX aggregator built by the 0x team.On the Base network, the attacker swapped approximately $10.5 million in USDC for around 3,655 ETH before bridging the funds to Ethereum, a common tactic used to complicate tracking and recovery efforts.Matcha Meta articulated that…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Gold’s breakout above $5,000 is beginning to look less like a spike and more like a regime shift, as bitcoin drifts sideways around $87,000 in the early hours of Hong Kong trading, in a low-conviction market that continues to struggle with internal supply dynamics.Onchain indicators suggest the divergence reflects market structure rather than sentiment alone.In its latest report, CryptoQuant…

Authorities have not confirmed the exact amount missing, but a local report put the loss at $47.7 million, possibly stolen after an agency worker clicked a phishing link. The Gwangju District Prosecutors’ Office recently discovered that the Bitcoin it had confiscated in a criminal case and stored as part of an investigation was no longer accessible, according to a report by a South Korean news outlet. It is estimated that the losses are at “hundreds of billions of won,” though the exact figure has not been publicly confirmed. Bitcoin Missing From Government Storage The incident reportedly came to light during…

As Congress debates crypto market structure legislation, one issue has emerged as especially contentious: whether stablecoins should be allowed to pay yield.On one side, you have banks fighting to protect their traditional hold over consumer deposits that underpin much of the U.S. economy’s credit system. On the other side, crypto industry players are seeking to pass on yield, or “rewards,” to stablecoin holders.On its face, this looks like a narrow question about one niche of the crypto economy. In reality, it goes to the heart of the U.S. financial system. The fight over yield-bearing stablecoins isn’t really about stablecoins. It…

SAN FRANCISCO, Jan. 24, 2026 (GLOBE NEWSWIRE) — Kondo, a leading sales productivity tool known for being the “Superhuman for LinkedIn,” today announced the launch of its team collaboration features and Sales Navigator inbox integration for sales organizations. This strategic expansion provides tools for B2B sales teams and also unifies LinkedIn’s standard messaging inbox with Sales Navigator’s separate message inbox into a single, streamlined workspace.The update adds team-focused functionality for customers on Kondo’s Business and Enterprise plans, including:Team Snippets: Admins can create and share message templates across the team to reduce repetitive typing while keeping replies personal.Team Labels: Teams can…

On January 22, Sky’s SKY token rose about +8% in 24 hours, moving against a softer crypto market. SKY, the governance token of Sky Protocol, traded between $0.066 and $0.067 across major exchanges, including Binance, Coinbase, and Kraken.  (Source: Coingecko) Trading volume over the day ranged from roughly $20M to $40M, while the project’s market value stood close to $1.5Bn. Sky Protocol emerged from the rebrand of MakerDAO and supports the USDS stablecoin. The move came as broader conditions stayed weak. Total crypto market capitalization fell about 2% over the same period, with Bitcoin and Ethereum both trading slightly lower.…