Author: John Smith

Kinetiq unveiled Elysium on Aug. 24, introducing a layer-2 network designed to increase transaction capacity within the Hyperliquid ecosystem while using HYPE as its gas token. Summary Kinetiq announced Elysium, a Hyperliquid-focused layer-2 network that will use HYPE for transaction fees from launch. Fifty percent of sequencer fees will fund open-market KNTQ purchases, with acquired tokens permanently burned. Builders and Kinetiq’s treasury will each receive 25% of Elysium’s sequencer fees once operations begin. Elysium targets spot markets, PropAMMs, token launches and HIP-3 perpetual deployments across Hyperliquid’s broader ecosystem. Kinetiq has not released technical specifications, launch partners, audited code, or a…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Monero users are turning to instant swaps and decentralized platforms as centralized exchanges restrict access to XMR. As access to Monero has become more restricted on some centralized exchanges — notably after Binance delisted XMR globally on 20 February 2024, OKX removed XMR pairs on 5 January 2024, and Kraken restricted it for EEA users on 31 October 2024 — many users now rely on instant swap services and decentralized platforms. This guide compares practical ways to exchange Monero…

Binance Futures launched five USDT-margined TradFi perpetual contracts on Aug. 25, giving eligible traders leveraged exposure to Trump Media, Moderna and three semiconductor-focused exchange-traded funds. Summary Binance launched five USDT margined perpetual contracts tied to U.S. stocks and leveraged exchange-traded funds. Contracts offer up to 20x leverage, round-the-clock trading and eight-hour funding settlements through Binance Futures. SKUU and SKDD track daily moves in SK Hynix, while RAM references leveraged DRAM exposure. DJT and MRNA perpetuals reference Trump Media and Moderna shares without granting stock ownership rights. Each contract uses USDT for settlement and requires a minimum notional trade worth five…

BNB Chain activated the Pasteur hard fork on BNB Smart Chain mainnet at 02:30 UTC on Aug. 25, introducing three changes focused on bridge security, validator authorization and block capacity. Summary BNB Chain activated Pasteur on BSC mainnet at 02:30 UTC on August 25, 2026, successfully. Three proposals strengthen bridge verification, validator authorization and block construction without shortening block times further. BEP-682 rejects duplicate validators during cross-chain light-block checks, protecting genuine supermajority approval requirements onchain now. QANet benchmarks increased throughput 88% from 1,237 to 2,324 transactions per second under controlled conditions. Node operators needed client version 1.7.7 and removal of…

Coinbase-backed Stand With Crypto has endorsed 32 House lawmakers seeking reelection in November after each supported the CLARITY Act during its passage through the chamber last year. Summary Stand With Crypto endorsed 32 incumbent House members from both major parties. Every endorsed lawmaker voted for the CLARITY Act when it passed the House. The group says it has more than 3 million registered advocates across the United States. Crypto groups have committed close to $200 million during the 2026 midterm cycle. Stand With Crypto ties 32 endorsements to CLARITY vote Reuters reported Monday that Stand With Crypto had selected 32…

Coinbase has brought four 1:1-backed U.S. stock products to Base, allowing eligible non-U.S. investors to trade Apple, NVIDIA, Meta and Alphabet exposure around the clock. Summary Four Coinbase tokenized stocks have launched on Base under the network’s B20 standard. Each token represents a beneficial interest in a real share held in segregated regulated custody. Eligible holders can trade the tokens or use supported products in Base-based lending and DeFi protocols. The securities remain unavailable to U.S. persons and have not been registered under the U.S. Securities Act. Base said in an Aug. 25 announcement that Coinbase Tokenized Stocks are now…

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. Bitcoin treasury platform. Summary Super League sold 475,598 shares for approximately $2.23 million in gross proceeds. The company has opened another $2.27 million of capacity under the ATM program. Metaplanet plans to contribute 2,100 BTC and $2.5 million to the company. Super League is expected to become Superplanet after the transaction closes. According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares…

The U.S. Treasury Department has launched Operation Economic Outcast to target Iran’s international financial links, including cryptocurrency activity that American officials say supports sanctions evasion and the Islamic Revolutionary Guard Corps. Summary Operation Economic Outcast covers cryptocurrency, technology, gold, aviation, shipping and other financial channels. OFAC can sanction people operating in Iran’s crypto sector, regardless of where they are based. Treasury says Iran uses digital assets to support transactions linked to the IRGC and government insiders. Bitcoin remained near $79,000 after briefly testing the psychological $80,000 level. Operation Economic Outcast targets Iran’s financial links The U.S. Treasury Department said President…

CME Group has added three regional U.S. dollar reference rates and real-time indices for Ethena’s ENA token, with daily publication beginning Aug. 24. Summary ENA reference rates now cover the London, New York, and APAC market closes. CF Benchmarks calculates the rates using trades from eligible spot exchanges. Daily benchmarks remain available on weekends and holidays, matching crypto’s continuous trading schedule. The pricing tools may support portfolio valuation, risk controls, and ENA-linked financial products. CME Group adds ENA rates for three market closes CME Group said it had added Ethena (ENA) to its single-asset cryptocurrency benchmark suite, extending standardized U.S.…

Bitcoin has climbed nearly 24% from below $64,000 toward $80,000 as U.S. spot ETF inflows and forced short covering have fueled its strongest weekly advance since March 2023. Summary Bitcoin reached a three-month high near $79,550 after rising almost 24% in one week. U.S. spot Bitcoin ETFs attracted approximately $1.9 billion across five consecutive inflow sessions. Analysts said continued spot demand must replace forced buying for Bitcoin to hold above $80,000. A confirmed breakout could bring $85,000–$90,000 into view, while rejection may trigger another correction. Nansen senior research analyst Nicolai Søndergaard told crypto.news that Bitcoin has probably established an important…