Author: John Smith

Hyperliquid has introduced a preliminary HIP-3 testnet upgrade that lets independent deployment teams control access to perpetual futures markets through deployer-managed on-chain allowlists. Summary HIP-3 deployers can choose whether to restrict access to their independently operated markets. On-chain allowlists can be managed by deployers or sub-deployers appointed by them. Existing HIP-3 markets will remain unchanged because the permissioning feature is optional. Separate talks involving Hyperliquid Labs, Payward and Bitnomial remain subject to CFTC clearance. Hyperliquid co-founder Jeffrey Yan said in a testnet proposal that deployers will be able to create permissioned markets and manage their participant lists without handing access…

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. As of September 3, 2026, XRP experienced a strong rebound in August, briefly approaching $1.70 before retreating to around $1.36 with the rally mainly driven by continued accumulation by whales, inflows into spot XRP ETFs, and increased institutional investment demand. Summary XRP spot ETFs recorded $170 million in inflows over 11 consecutive days, with cumulative net inflows reaching about $1.57 billion by…

Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on Aug. 29, and daily trading volume nearly tripled within three days, according to research published Sept. 3. Summary Hyperliquid opened HIP-4 deployment August 29, and reported daily outcome volume tripled within three days. Two outside venues each posted 500,000 HYPE bonds to deploy markets using approved templates independently. Outcome captured 85% of reported volume while offering traders a $1 million active rebate program. Hyperliquid validators publish settlement prices every three seconds, according to the research collective’s analysis publicly. U.S. availability would require regulatory authorization, while sports contracts could face additional…

Standard Chartered has expanded institutional Bitcoin and Ether spot trading to the UAE through its DIFC branch, giving eligible clients access to deliverable crypto trades through the bank’s existing electronic trading systems. Summary Standard Chartered has launched institutional Bitcoin and Ether spot trading in the UAE through its DIFC branch. Eligible clients can trade BTC and ETH through the bank’s existing electronic trading channels and FX interfaces. Clients can settle trades with a custodian of their choice, including Standard Chartered’s UAE digital asset custody service. The bank said it is the first G-SIB to provide institutional digital asset spot trading…

Thailand’s Securities and Exchange Commission has proposed new rules requiring digital asset operators to collect, verify and retain information tied to crypto transfers under its planned Travel Rule framework. Summary Thailand’s SEC has proposed a Travel Rule requiring digital asset operators to collect and verify information tied to crypto transfers. Operators would have to verify ownership or control of self-hosted wallets and conduct checks on counterparties and service providers. Transaction records would need to be retained for at least five years, with immediate regulatory access required during the first two years. The proposal is designed to improve transaction tracing and…

Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Sept. 2 as the company expands its regulated financial services in the United States. Summary Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Wednesday. Samani stepped back from Multicoin in February while retaining an advisory relationship with the firm. He remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Backpack says the appointment will support its expansion across regulated U.S. and onchain financial markets. Backpack reports serving users across 150 countries and processing more than…

New Jersey has asked the U.S. Supreme Court to decide whether federal derivatives law prevents states from regulating sports contracts offered by CFTC-registered prediction markets. Summary New Jersey filed its Supreme Court petition on Sept. 2 after losing its case against Kalshi in the Third Circuit. The state says Dodd-Frank did not remove its authority to regulate sports wagering within its borders. Conflicting Third and Ninth Circuit decisions have created opposing rules for prediction markets in different states. Kalshi maintains that the CFTC’s exclusive jurisdiction over its registered exchange overrides state gambling laws. A Sept. 2 court filing shows that…

For many long-term XRP holders, waiting for market prices to rise has been a common strategy, however, the cryptocurrency market is highly volatile, and relying solely on price fluctuations for profit means facing market uncertainty. Summary XRPPower has opened a limited time automated trading program for XRP holders and users of other supported cryptocurrencies. The platform offers fixed term contracts ranging from seven to 20 days, with stated daily returns based on the amount committed. New users receive a $21 registration bonus, while the platform also offers referral rewards of 3% and 2%. XRPPower says its system uses automated monitoring,…

Fairshake has entered the final stage of the 2026 U.S. election cycle with $122 million available after supporting nearly 50 winning candidates during the primaries. Summary Fairshake has backed nearly 50 candidates who secured party nominations in the 2026 primaries. The super PAC has reserved $122 million for spending before the Nov. 3 general election. Prediction markets give four Fairshake-backed Republican Senate candidates at least a 94% chance of winning. Fairshake’s largest primary defeat came after it spent over $10 million against Juliana Stratton in Illinois. Fairshake adds nearly 50 primary wins According to reports on Wednesday, Fairshake supported nearly…

Kraken parent Payward has postponed its planned initial public offering until as early as the second quarter of 2027 after market conditions disrupted its previous listing schedule. Summary Payward may wait until at least the second quarter of 2027 to complete its IPO. The company confidentially submitted a draft S-1 registration statement in November 2025. Payward raised $800 million at a $20 billion valuation before filing with the SEC. Second-quarter adjusted revenue rose 17% to $508 million despite lower transaction volume. Kraken IPO timeline moves into 2027 As per reports on Wednesday, citing two people familiar with the matter, Payward…