Altcoins extend their rally, with QNT jumping more than 38% and NEAR rising another 17%.

Binance founder Changpeng Zhao (CZ) told the "When Shift Happens" podcast that he does not oppose Hyperliquid and welcomes more centralized and decentralized exchanges to pursue innovation, noting the crypto industry is far from saturated. Zhao estimated that roughly 5% to 15% of the global population holds some crypto asset, but when measured as a share of individual wealth, crypto penetration is less than 1%, meaning the sector remains in its early stages. CZ added that some Hyperliquid community members are attempting to build their own communities by criticizing centralized exchanges and Binance, but he views this as normal competition and has no objections to the project. He also noted that former U.S. President Donald Trump’s recent mention of Hyperliquid is a positive development for the industry, with assets including HYPE, BNB, and Bitcoin all poised to benefit from the sector’s overall growth. Additionally, CZ pointed out that first movers do not always emerge as the biggest long-term winners, citing examples like Google, Facebook, and Binance—none of which were the first products in their respective fields, and later entrants often optimize on the foundation laid by pioneers. Despite holding large stakes in Binance and significant BNB holdings, centralized exchanges represent only a portion of his asset allocation; rather than focusing on expanding a single platform, he prioritizes driving the growth of the entire crypto industry.

Bitget CEO Gracy Chen posted that attacker addresses linked to the exchange’s security incident have been made public and are under ongoing tracking. Bitget is now formally requesting THORChain to deny services to these addresses. “Decentralization is a design principle, and it should not serve as a shield to facilitate the flow of known stolen funds,” Chen said. She added that the entire cryptocurrency industry is monitoring THORChain’s handling of the matter.

FOMO trader "OuterHeavyBat" made over $320K on $MASK in just 48 hours — a 318% return.

According to Lookonchain's monitoring, trader "OuterHeavyBat" made over $320,000 in profits from MASK in just 48 hours, with a return rate of 318%.

An early $AAVE whale sold 30,000 $AAVE ($4.41M) at an average price of $147 over the past 2 days.

According to Lookonchain’s monitoring, an early AAVE whale sold 30,000 AAVE over the past two days at an average price of $147, totaling approximately $4.41 million.