A Whale Address Transfers 26.5 Million XRP to Binance After Holding for 2 Years, Profiting $56.87 Million

According to HTX market data, HYPE extended its upward momentum after hitting a new high above $90 yesterday, notching a 4.5% 24-hour gain to reach a peak of $94.49, and is currently trading at $92.3. HYPE has a market capitalization of $20.52 billion, ranking 8th on the cryptocurrency market cap rankings (excluding stablecoins).

Jiang Zhuoer, founder of crypto mining pool BTC.TOP, stated in a post that after several months of trading, his coin-based profit reached 34%, and his USDT-denominated profit hit 92%, nearly doubling. The keys to profitability are position sizing, trading strategies, and coin selection. One must incorporate market sentiment into trading to grasp its nuances. We are now in a bull market cycle; his default position is full spot holdings of Ethereum (ETH). Apart from several recent short positions, the more critical approach is to hold spot ETH fully long-term, as shorting only serves to mitigate drawdowns after spot prices rise.

Hyperliquid’s open interest (OI) has hit a new all-time high of $16.36 billion, surpassing the previous record set exactly one year ago on September 18, 2025. Over the past 12 months, the platform has evolved from a crypto perpetual trading venue to an on-chain trading infrastructure supporting stocks, commodities, indices, pre-IPO assets, and event contracts. Launched in October 2025, HIP-3 enables third parties to stake HYPE and deploy their own perpetual markets, with underlying assets spanning US equities, gold, crude oil, the S&P 500, and private firms including SpaceX. As of early September 2026, cumulative trading volume on HIP-3 markets exceeded $548 billion, representing roughly 30% of the platform’s total trading volume over the prior 30 days. HIP-4, rolled out in May 2026, filled the gap in prediction markets and event contracts, and was further opened to third-party deployments at the end of August. During the same period, issuers including 21Shares, Bitwise, and Grayscale sequentially launched HYPE spot or staking-based ETFs; the platform also launched native lending services and advanced licensed HIP-3 markets for US users.

According to an official announcement, Bitget has launched U-denominated STONK perpetual contracts, supporting a maximum leverage of 10x, with contract trading bots also launching simultaneously.

According to an official announcement, Bitget has launched six stock perpetual contracts: SDGR (Schr?dinger), PATH (UiPath), AGPU (Axe Compute), GNRC (Generac), HUT (Hut 8), and CYPH (Cypherpunk Technologies). The contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of now, Bitget supports a total of 319 stock contract underlyings.

A former banking official in Hong Kong, China was sentenced to four years in prison for falsifying over $1.6 billion in letters of credit and accepting approximately $470,000 in cryptocurrency bribes, and has been ordered to return all the bribe funds. Defendant Lam Chun-yin, 32, was a client relations manager at China Construction Bank (Asia) at the time of the offense and had pleaded guilty earlier in the District Court. Judge Ernest Lin Kam-hung stated that even first-time offenders require deterrent sentences, especially considering the crime’s severity and social impact. The judge noted that Hong Kong’s banking and insurance sectors are pillars of its economy, and the scheme undermined Hong Kong’s status as a global financial hub. The Hong Kong Independent Commission Against Corruption (ICAC) has obtained arrest warrants for other suspects in the case. Separately, the Hong Kong Monetary Authority (HKMA) previously rolled out a framework to assess banks’ preparedness for quantum computing threats, aligning with Hong Kong’s expansion of tokenized deposits, digital assets, and blockchain settlement applications, with the goal of achieving full industry readiness by 2030.