Decentralized derivatives platform Hyperliquid suffered a $4.9 million loss Wednesday after a carefully orchestrated manipulation of the POPCAT token, according to data shared by blockchain sleuth Lookonchain. The attacker withdrew $3 million in USDC from centralized exchange OKX, splitting it across 19 wallets to create a massive leveraged long position valued between $20 million and $30 million in POPCAT. An XRP ETF Would Be a "Huge, Huge Product" - Bitwise CEO Hunter Horsley STORY CONTINUE...

U.S. President Donald Trump signed a short-term funding bill to reopen the government late Wednesday after a majority of the U.S. House of Representatives voted in favor of ending the record-breaking 42-day shutdown. The government looked set to remain shut down for the foreseeable future before a group of Senate Democrats and the majority of Senate Republicans voted in favor of the roughly 3-month funding measure late Sunday, giving up their key demands to end the shutdown but forcing a (fai...

Crypto fund manager Canary Capital has filed to launch the first U.S. exchange-traded fund (ETF) tied directly to MOG Coin, a memecoin on the Ethereum network. This marks Canary’s first foray into launching a fund to track the price of a memecoin. The investment firm formally submitted S1 registration with the US SEC on Wednesday, seeking approval for the ETF. The filing described MOG as a “memecoin,” adding that the ETF may hold up to 5% of its holdings in Ether for transaction costs, since ...

Polymarket has partnered up with Yahoo Finance, less than a week after Google Finance said it would integrate prediction market data into its search results. Polymarket is now the exclusive prediction market partner for Yahoo Finance, the company announced on Wednesday in a post on X. The Yahoo Finance prediction markets hub will roll out in the coming months. "This is an emerging area of finance that's becoming increasingly relevant to investors, and we’re focused on giving them trusted data...

Securities and Exchange Commission Chair Paul Atkins is spearheading an effort to create a "token taxonomy" that looks to delineate between what cryptocurrencies would be securities as the agency forges ahead with a new approach to regulating digital assets. In prepared remarks on Wednesday at the Federal Reserve Bank of Philadelphia's Fintech Conference, Atkins laid out his plans for that taxonomy, which he said will be rooted in the Howey Test. The Howey Test is based on a 1946 U.S. Supreme...

Bitcoin (BTC) rises in tandem with other crypto majors and is trading above $104,000 at the time of writing on Wednesday. BTC's recovery follows a short-lived sell-off below $102,500 the day prior, driven by risk-off sentiment amidst macroeconomic uncertainty and potential profit-taking. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also edging higher, hovering above $3,400 and $2.40, respectively. Data spotlight: Bitcoin price increases, supported by ETF inflowsInstitutional deman...

In August 2025, Covalent, a blockchain data provider, continued its token buyback and burn program, signaling its commitment to a deflationary token model. The company repurchased 900,000 CXT tokens during the month, bringing the total number of repurchased tokens to 7.7 million over the past 12 months—equivalent to 0.77% of the total supply. According to Covalent's developers, the tokens were bought on-chain and will be permanently removed from circulation through planned burns, ensuring the...