Latest Crypto News & Market Updates

Hyperliquid probes 17.9% SK Hynix perp plunge

Hyperliquid‘s SK Hynix perpetual contract briefly fell about 17.9% on July 28 after an unusually low pre-market trade in South Korea fed into the contract’s oracle pricing.　　Summary17.9% intraday decline followed one anomalous NXT trade involving only a single SK Hynix share.Trade.xyz operates the SKHX market and is investigating the oracle-driven move, Hyperliquid representatives said publicly.HIP-3 deployers control oracle inputs, leverage settings and settlements for markets they independently create themselves.　　The market, officially listed as xyz:SKHX, tracks the U.S. dollar value of one common SK Hynix share traded in South Korea. Hyperliquids interface displays the contract as SKHYNIX-USDC and permits leverage of up to 10 times.　　A Hyperliquid representative said the market was deployed and operated by Trade.xyz under the HIP-3 framework. Trade.xyz is investigating and plans to publish an update after reaching a conclusion, according to a statement reported by ChainThink.　　Hyperliquid Community Addresses SK Hynix Perp Anomaly: Deployed by XYZ and Under Investigation　　Hyperliquid‘s xyz:SKHYNIX perpetual contract briefly fell 17.9% after an anomalous pre-market trade in South Korea’s NXT market priced one SK Hynix share at KRW 1.272 million,… pic.twitter.com/7dpHsi5Ks0　　— Wu Blockchain (@WuBlockchain) July 28, 2026　　One SK Hynix share triggered the initial price anomaly　　The disruption began shortly after South Koreas alternative exchange, NextTrade,

07-28Industry

Robinhood Stock Analysis Ahead Q2 Earnings: Key Levels & Risks

Robinhood stock enters Q2 earnings week in a technically vulnerable position. HOOD closed at $95.65on July 27, below both the EMA20 at $103.20 and EMA50 at $97.88. Strong blockchain metrics — including $600M in chain deposits — compete against mounting selling pressure ahead of the July 29report.　　HOOD — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysRobinhood stock closed at $95.65on July 27, below its daily pivot of $96.10Daily RSI14 at 43.24 and MACD histogram at -2.49 confirm bearish momentumRobinhood Chain surpassed $600Min deposits, rising 50% in a single weekThe EMA200 at $93.92serves as the critical support floor ahead of earningsA break below $92.75 would signal a structural breakdown for HOOD shares　　Daily Timeframe: Robinhood Stock Structure Is Deteriorating　　Robinhood stocks daily structure is technically neutral, yet most internal signals point toward caution. The RSI14 reads 43.24— below the midline and trending lower. The MACD histogram sits at -2.49, with the MACD line at 0.34 well below the signal line at 2.82. That separation signals genuine momentum behind the recent downtrend.　　Meanwhile, HOOD is pressing near the lower Bollinger Band at $93.44. The midband rests at $107.08 and the upper band at $120.72. This places the stock in the lower quarter of its volatility

07-28Industry

Binance phishs its own staff monthly, India censors BitChat code: Asia Express

Binance ‘red teams’ its own staff every month to keep hackers out　　Cryptocurrency exchange Binance has been running simulated phishing attacks against its own employees for the past four years and can fire staff who repeatedly fail the tests, according to Binance chief security officer Jimmy Su.　　The fake attacks are conducted by Binances red team, an internal ethical hacking unit whose job is to break into systems to identify vulnerabilities.　　“We do phishing attacks on our own employees on a monthly basis just so we understand if our security hygiene is improving,” Su told Cointelegraph. “The ones that have failed it, we will do remediation training.”　　In February, AMLBot estimated that 65% of crypto security incidents in 2025 were driven by social engineering.　　India‘s BitChat GitHub takedown order ’unconstitutional　　Indias Internet Freedom Foundation (IFF) has condemned a government order directing GitHub to remove repositories for Jack Dorseys decentralized messaging app BitChat, calling the move unconstitutional and warning it threatens free speech and open-source software.　　The statement came a day after Indias cybercrime agency ordered GitHub to disable access to three BitChat repositories within three hours, saying the decentralized messaging app could be used to bypass internet shutdowns, evade lawful surveillance and facilitate unlawful activities.　　BitChat is a

07-28Industry

Anthropics AI U-turn？ Amodei rejects open-model ban claims

Dario Amodei, the CEO of Anthropic, stated on Monday that the company has never attempted to prohibit open-weight AI models, a rebuttal directed at regulators considering new regulations and at competitors that claim that Claude has made use of safety and security dilemmas to defend itself.　　This clarification is important due to the fact that Washington is in the process of determining the extent to which the regulations will be implemented. The Senate has put forth a bill that could result in a federal limit on open-weight models, which are a category of models developers can download and use on their machines. The outcome of the debate will influence which lab will gain a competitive advantage, what kind of models companies will have access to the market, and to what extent various closed-model providers will dominate it.　　The chokepoints Amodei wants regulated instead　　In his blog post, Amodei did not call for an outright ban but proposed three more specific suggestions for policymakers. For one, he wants stricter regulation of advanced chip technology and computing devices sent to authoritarian nations such as China. He also wants the prohibitions against industrial “distillation” to be strict, which means training a new model with the outputs

07-28Industry

Minnesota Prediction Market Ban Halted by Federal Court Ruling

TLDRUS District Judge Katherine Menendez granted a preliminary injunction halting Minnesotas prediction market prohibitionThe order protects CFTC-regulated operators Kalshi and Polymarket USThe court determined Minnesotas statute likely violates the federal Commodity Exchange ActThe Commodity Futures Trading Commission joined as a co-plaintiff in the litigationThe temporary order remains effective pending final judgment　　Minnesotas attempt to prohibit prediction markets has been temporarily halted by a federal court, allowing platforms like Kalshi and Polymarket US to maintain operations in the state as legal proceedings continue.　　Kalshi and Polymarket Gain Temporary Legal Win as Court Blocks Minnesota Ban　　Reuters reported that a U.S. federal judge has blocked Minnesota from enforcing a new law that would have become the first state law in the country to directly ban prediction markets such as Kalshi and… pic.twitter.com/5EogYw9RHg　　— Wu Blockchain (@WuBlockchain) July 27, 2026　　The preliminary injunction was granted Monday by US District Judge Katherine Menendez, who determined that federal commodities law likely supersedes Minnesotas regulatory attempt.　　Background of the Legal Challenge　　The Minnesota legislature enacted legislation that would prohibit the establishment, management, and promotion of prediction market platforms within state borders. The statute was scheduled to become enforceable this Saturday, with potential criminal consequences for violations.　　Following passage of the law, Kalshi, Polymarket US,

07-28Industry

XRP Sees Renewed Bullish Momentum: An Analyst Identifies Why

XRP is experiencing a price turnaround reflected in its price action over the past month.An analyst identified an improved funding rate as a signal for XRPs potential turnaround.Technical indicators suggest XRP is in a neutral zone and could trend either way.　　According to TradingView data, XRP‘s bearish momentum has faded over the past month, since the cryptocurrency declined to $1.0072, marking its lowest price since November 2024. The altcoin’s trend throughout July 2026 reflected the formation of higher lows, suggesting an exhaustion of the bearish pressure.　　What Does XRPs Funding Rate Say？　　Besides XRPs price action, crypto analysts have identified other elements indicating an improvement in the crypto assets bullish momentum. According to a CryptoQuant expert, the funding rate data for XRP contracts on Binance indicates a return of positive momentum in the perpetual contracts market.　　The expert based his analysis on XRP‘s recent price behavior, particularly since the second half of July. He noted that the cryptocurrency’s funding rate reached approximately 0.00138, while the 30-day Z-Score registered 0.21, reflecting a slight move above its recent average. According to him, the funding rate declined sharply into negative territory ahead of the current reading, suggesting a temporary shift in traders positioning toward short positions.　　The funding

07-28Industry

ADA Price Prediction: Coiled at $0.157 With a Loaded Squeeze — $0.17 or $0.15 Decides the Next Move

ADA just printed a 5.4% down session and is sitting at $0.157 with no narrative cover — no major protocol event, no verified KOL commentary pushing the tape in either direction over the last 24 hours. When the community goes quiet at the lows, the chart takes over, and right now the chart is not friendly. The 24-hour range ran from $0.166 down to $0.154, and the close near the session low tells you sellers had the final word.　　The structural backdrop is worse. ADA is trading at a 35% discount to its own 200-day SMA at $0.24. That‘s not a healthy pullback — that’s a market stuck in a protracted downtrend where every bounce gets faded before it can build momentum. Short-term averages offer no support either; both the 20 SMA at $0.17 and the EMA 26 at $0.17 are now acting as overhead resistance rather than dynamic floors. Readers tracking the broader altcoin deterioration across Blockchain.news will recognize this configuration — its the same pattern that has punished weak-hand holders throughout this cycle while shaking out longs before the real move.　　The absence of a fundamental catalyst is a double-edged sword. It means there‘s no story propping the price up

07-28Industry

“This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US

Elon Musks everything app vision took another major step forward as X Money begins rolling out to Premium subscribers in the United States. It offers massive features to users, such as free & instant peer-to-peer (P2P) transfers, cashbacks with the Visa card, and up to 6% APY.　　Elon Musks X Money Officially Launches for Premium Users in the US　　X Money has started rolling out to Premium and Premium+ subscribers in the United States. It is built to let users manage money directly on the X platform.　　This marks another major step toward Elon Musk‘s vision of turning X into an everything app. Musk posted “This is money” on X, marking the launch as bringing money on the world’s most powerful network.　　It will offer free, instant transfers on the platform, up to 6% APY, 3% cashback on eligible purchases with the X Card, wires, checks, and free ATM withdrawals, and early direct deposit.　　Elon Musks X Money is becoming the complete financial layer, offering people a way to save, earn interest, receive their salary, send money instantly, spend, pay bills and manage their financial lives without leaving the platform.　　Premium subscribers on X to get a 4% APY, but it gets boosted to 6% if

07-28Industry

Ondo extends RWA dominance with new network – But will institutions use it？

Institutional investors have long faced a tradeoff between execution speed and blockchain transparency.　　Ondo Finance [ONDO] launched the Ondo Network to address that challenge through private execution, decentralized verification, and on-chain settlement.　　Through this, institutions will gain centralized exchange-like performance without sacrificing non-custodial control.　　Source: X　　Rather than simply increasing speed, the infrastructure improves settlement efficiency while preserving verifiable ownership.　　As such, if adoption accelerates, Ondo may potentially create deeper levels of liquidity, attract new developers into its ecosystem, and increase the amount of assets being tokenized within its network. This would create further potential for overall ecosystem development.　　Furthermore, it would encourage institutional participation across decentralized finance while giving institutions greater confidence in scalable, transparent, high-performance market infrastructure over time.　　How Ondo Network works　　Instead of asking every network participant to process each transaction, the Ondo Network divides responsibilities across specialized components.　　Secure enclaves (trusted execution environments) first execute application code inside protected hardware, where operators cannot view or alter it. Even changing a single byte prevents the code from running.　　Source: Ondo Finance　　Meanwhile, independent attestors verify that only the approved code operates before they reconstruct the security keys used to confirm transactions via public blockchain.　　This approach keeps verification separate from execution, allowing applications to process trades with centralized

07-28Industry

Shein Long-Awaited IPO Just Got Harder To Sell As Tariffs Bite

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern Chinas Guangdong province. (Photo by Jade GAO AFP via Getty Images)　　AFP via Getty Images　　Shein has spent the better part of three years chasing a stock market listing, first in New York, then in London and now, finally, in Hong Kong. But the numbers it revealed to prospective investors this week suggest that the pitch has gotten considerably tougher.　　The fast-fashion giant swung to a $99 million loss in the first quarter of 2026, a stark reversal from the same period a year earlier. The figures, disclosed in a draft prospectus filed with the Hong Kong Stock Exchange as part of its long-awaited initial public offering, mark the clearest signal yet that tariffs and regulations are landing squarely on Sheins bottom line.　　Part of the loss was a one-off, a $328 million non-cash accounting charge tied to the fair-value treatment of convertible preferred shares, a technical adjustment that converts investor stock into ordinary shares once a company lists.　　What might concern investors more is that Shein‘s U.S. revenue fell 14.3% year-on-year to roughly $2 billion, as the Trump administration’s removal of the de minimis

07-28Industry

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