Can Hyperliquid price break $100 as whale buys $36M in HYPE?

Hyperliquid [HYPE] has gained 2.85% in the past 24 hours at press time, with its weekly gains hitting 27%. Notably, the altcoin made a new peak after its price surpassed $97 on the 23rd of September.  Hyperliquid‘s rally is driven by its continuous buyback and burn program alongside capital inflows from market participants. However, the potential distribution from market makers could cap HYPE’s uptrend.  HYPE token burns peak as whales position  To start with, Hyperliquids burn program has tightened supply. To date, over 48.86 million HYPE, worth more than $4.76 billion, have been permanently removed from circulation.  Additionally, whales were positioning. For instance, a mysterious whale bought another 373,730 HYPE valued at $36 million. This brought the whales total holdings to about 4.7 million tokens worth $400 million in just a month.  Source: Arkham  Similarly, Hyperliquid Strategies is not slowing down, having accumulated 33.60 million HYPE worth $3.20 billion. This is equivalent to 15% of the circulating supply and 3% of the total supply.  Even from a general market outlook, HYPE was still being bought. In fact, on Hyperliquid, its Open Interest (OI) reached an all-time high of $18 billion as the price peaked.  Hyperliquid price action – Correction or continuation?  Hence, HYPE was making new highs as its

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Senate Democrats demand public prediction-market hearing after GOP-Kalshi meeting

Every Democrat on the Senate Banking Committee called on Republican Chair Tim Scott on Wednesday to hold a public hearing on prediction markets, the same day committee Republicans met privately with Kalshi CEO Tarek Mansour, according to The Block.  The dispute comes as prediction markets move well beyond a niche corner of trading. Combined monthly volume on Kalshi and Polymarket more than doubled from about $26 billion in May to $53 billion in July 2026, according to Pew Research Center. Bernstein, meanwhile, is modeling annual activity in the trillions, raising the stakes around who writes the rules and which regulator gets the final say.  A letter, a roundtable, and a fight over who gets in the room  All 11 Democratic senators on the panel signed the letter to Scott, led by Ranking Member Elizabeth Warren and Catherine Cortez Masto. The other signers were Jack Reed, Mark Warner, Chris Van Hollen, Tina Smith, Raphael Warnock, Andy Kim, Ruben Gallego, Lisa Blunt Rochester and Angela Alsobrooks, according to the committee release.  The senators said security-based prediction markets should be examined publicly and on a bipartisan basis. They also raised concerns about consumer protection, insider trading and manipulation.  Discover more  Take Economics Courses  Fintech investment reports  Bitcoin investment guide  “It is critical

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Witt Defends Trump Crypto Ethics Terms After Clarity Act

White House crypto adviser Patrick Witt defended President Donald Trumps handling of ethics rules tied to the Clarity Act after the legislation failed to advance in the Senate.  Witt said Trump accepted significant restrictions on his crypto interests during negotiations, including provisions that could require him to divest certain holdings or place them in a blind trust. The Senate voted 49-50 on Sept. 15 against advancing the bill.  Ethics Fight Complicates Clarity Act  Witt said Trump‘s crypto holdings became a central issue in negotiations, adding that Democrats focused heavily on the president’s financial interests while lawmakers worked on the legislation.  Related: SECs Uyeda Says Dropping Crypto Cases Helps Protect Agency Credibility  The ethics dispute was one of several issues surrounding the bill. Banking groups also raised concerns about stablecoin provisions, while Witt argued that major banks opposed the rules because stablecoins could compete with traditional deposits and payment services.  Witt also said the administration was prepared to let states pursue certain federal ethics violations involving the president. He described the proposed concessions as an unusually broad set of restrictions.  Regulators Continue Crypto Work  With the Clarity Act stalled, the SEC and CFTC can continue developing crypto rules under their existing authority. Both agencies have pursued regulatory initiatives since

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SpaceXAI Deploys Grok Bot to Handle 175% Surge in Support Tickets

Felix Pinkston  Sep 22, 2026 18:48  SpaceXAI uses Grok Bot to scale customer support, avoiding 200 new hires and cutting costs to $0.30 per ticket. Heres how it works.  SpaceXAI has integrated Grok Bot, xAIs AI-powered support agent, into its customer service operations, enabling the team to manage a 175% increase in support tickets without adding headcount. The move reportedly saved the company from hiring 200 additional staff while reducing ticket resolution costs to as low as $0.30 per interaction, compared to the $1-$4 industry average.  The decision to deploy Grok Bot followed SpaceXAIs acquisition of Cursor on August 14, an expansion that significantly broadened its product portfolio. Anticipating a surge in user demand, the company rebuilt its support operations around Grok Bot, leveraging its ability to handle everything from ticket resolution to real-time queue management.  How Grok Bot Delivers Efficiency  Unlike traditional AI tools that charge per ticket resolved, Grok Bot operates on a usage-based model included in existing plans, making it cost-effective for high-volume operations. By integrating with tools like Plain for ticketing, Linear for issue tracking, and Datadog for backend monitoring, Grok Bot automates the ticket lifecycle. It categorizes issues, creates or updates records for recurring problems, and even reproduces errors with video

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An AI Agent Just Hacked a Government Website for the First Time, Australia PM Says

In briefPrime Minister Anthony Albanese revealed that an OpenAI agent breached Australias Medicare Statistics Reporting Service portal in June, accessing public and non-public files.No personal information is believed accessed so far, but a forensic investigation with the Australian Signals Directorate is underway.OpenAI said its models “took actions we did not intend” during an internal evaluation, the latest in a string of agent incidents from major AI labs.  An artificial intelligence agent built by OpenAI broke into an Australian government website in June, gaining unauthorized access to both public and non-public files, Prime Minister Anthony Albanese revealed Wednesday, in what appears to be the first known case of an AI agent hacking a government site.  Speaking to reporters in New York, Albanese said the agent infiltrated the Medicare Statistics Reporting Service portal, a public-facing site administered by Services Australia that holds non-sensitive data such as Medicare spending figures.  Myriad: Which company IPOs next? Click to make your prediction.  He said no personal information is believed to have been accessed so far, though a forensic investigation aided by the Australian Signals Directorate is underway to determine what other government systems may have been affected.  Albanese said he raised the matter directly with OpenAI CEO Sam Altman. “I

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Claude Opus 5.5 Cuts Costs With Cheaper Tokens and Smarter Tasks

Alvin Lang  Sep 22, 2026 18:41  Anthropics Claude Opus 5.5 debuts with reduced token prices and efficiency gains, cutting task costs by up to 31%.  Anthropics Claude Opus 5.5, launched on September 22, 2026, introduces significant cost reductions for users of its AI code-generation model, offering both lower token rates and improved efficiency per task. Early estimates suggest tasks on Opus 5.5 could cost up to 31% less than its predecessor, Opus 5, depending on the task type and session configuration.  The pricing model for Opus 5.5 reflects a 20% reduction in input and output token costs compared to Opus 5, with input tokens now billed at $4 per million and output tokens at $20 per million. Cache reads—critical for reducing redundant token usage—are 60% cheaper, dropping from 10% of input token costs to just 5%. These reductions make Opus 5.5 particularly appealing for longer sessions or tasks that rely heavily on cached data.  Smarter Task Execution Reduces Token Usage  Beyond the price cuts, Opus 5.5 uses fewer tokens per task by optimizing how it processes and reasons through requests. The model now defaults to “thinking” before responding, which improves accuracy but could increase output token usage. However, the reduced cost per token offsets this potential

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Zcashs November upgrade could freeze funds in legacy Sprout pool

Zcash users holding ZEC in the networks legacy Sprout shielded pool should move it before the planned NU7 upgrade or risk losing the ability to spend it.  Under Zcash Improvement Proposal-2003, NU7 would stop accepting the older transaction format that allows users to spend Sprout funds. ZEC left in the pool would become unspendable after the upgrade.  The proposal would not burn Sprout funds and leaves open the possibility of restoring access later. However, it warns that holders may never be able to spend funds left in the pool.  A user posting as “vaspholdings” on the Zcash Community Forum urged ZEC holders on Sunday to check old wallets before the upgrade. Those wallets may contain Sprout ZEC, transparent ZEC or both, the user wrote. Only funds in the Sprout pool face the proposed restriction.  Zcash co-founder Zooko Wilcox also shared the warning on X.  NU7 is scheduled to activate on testnet Oct. 6. Zcash expects to decide on Oct. 20 whether to proceed with the targeted Nov. 5 mainnet activation.  The upgrade would also cut Zcash‘s target block time from 75 seconds to 25 seconds. Its planned changes to issuance would preserve the network’s halving schedule.  ZEC traded at $1,627.82 at the time of writing, up 8%

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US lawmakers from gaming states urge SCOTUS to take up Kalshi case

A group of US state lawmakers has filed an amicus brief with the US Supreme Court, urging justices to weigh in on a case between prediction markets platform Kalshi and gaming authorities.  On Tuesday, the National Council of Legislators from Gaming States (NCLGS) filed in the US Supreme Court, supporting New Jersey‘s Attorney General and gaming authorities’ petition for a writ of certiorari. The petition, filed on Sept. 2, asked the nation‘s highest court to consider New Jersey’s case against Kalshi, potentially resolving whether state authorities or federal agencies have jurisdiction over prediction market companies.  In its amicus curiae filing supporting New Jersey‘s position, the NCLGS argued that a ruling favoring Kalshi would “[render] states powerless” to regulate sports betting on prediction markets, causing “substantial harm and confusion.” According to the group, “gaming-related matters” should be left to individual US state authorities, though the filing did not address the competing argument that event contracts traded on federally regulated markets fall under the CFTC’s exclusive jurisdiction.  “If Kalshi‘s self-described ’sports betting activities are deemed beyond state regulation, then casinos, pari-mutuel operators, and other heavily regulated entities are certain to amend their business and products to seek the same status,” said state lawmakers. “Entire state

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Report: CFTC Eyes Unusual $5B Trading Pattern on Kalshi ETH Perpetuals

Kalshi denies wash trading allegations, arguing that repeated transactions stemmed from how market markers orders were executed.  The Commodity Futures Trading Commission (CFTC) is reportedly reviewing unusual trading on Kalshis Ethereum perpetual futures market. This is according to The Wall Street Journal (WSJ), which found close to one million trades clustered around the same $5,500 order size since August.  The pattern, which the WSJ said accounted for more than $5 billion in volume, has drawn allegations of wash trading that Kalshi flatly denies, arguing the repeated sizes stem from ordinary market-making activity.  What the Trading Data Shows  In a September 22 report, the WSJ said it had found that more than a third of trades in the market over recent weeks clustered around that same $5,500 figure, although Kalshis public data does not disclose who is behind individual trades. According to them, the CFTC is reviewing the activity before deciding whether to open a formal enforcement investigation.  Wash trading, which is the practice of making trades with no real economic purpose in order to create a misleading activity, is the specific concern the clustering pattern has raised. However, per the report, Kalshi did respond, saying hundreds of distinct traders took part and that the repeated

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Paxos Enhances Crypto Brokerage With Provable Execution

Peter Zhang  Sep 22, 2026 18:11  Paxos unveils real-time data pipelines for provable execution quality, addressing regulatory and partner demands in crypto trading.  Paxos has introduced a sophisticated real-time data system to ensure provable best execution for its Crypto Brokerage platform, addressing a key challenge in institutional crypto trading: demonstrating execution quality with data. This move is set to bolster trust among partners and regulators by enabling precise, data-backed order routing and transaction cost analysis (TCA).  The system, outlined in a detailed blog post on September 22, 2026, integrates real-time market data and order-routing decisions into a unified analytics pipeline. By capturing market conditions down to the millisecond of execution, Paxos allows brokerages and fintechs using its white-label crypto infrastructure to reconstruct market states and prove decisions were optimal. This capability is especially critical as the crypto industry increasingly faces regulatory scrutiny.  Addressing Longstanding Industry Gaps  Historically, many crypto platforms fell short in execution transparency. Batch processing and fragmented data flows often left trading analytics outdated, undermining regulators confidence. Paxos has rebuilt its system around four key pillars: streaming order-routing and market data, real-time analytics, a durable raw history for forensic reconstruction, and centralized metric logic. These improvements ensure partners can benchmark trades against multi-venue market

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