News & Research

Crypto investment firm Paradigm is estimated to hold about 19.13 million HYPE tokens worth roughly $765.4 million, according to on-chain analyst MLM (@mlmabc) on X. The firm reportedly invested $315 million at an average price of $16.46 per token, with unrealized gains of approximately $450 million.

Trump Media & Technology Group, majority-owned by U.S. President Donald Trump and parent company of Truth Social, reported a $20 million net loss in Q2, according to The Block. Following the earnings announcement, its shares fell 3.8% on Nasdaq. Despite the loss, the company unveiled plans for a utility token integrated with its Truth Social and Truth+ platforms, tied to its newly launched "Patriot Package" beta. A specific launch date for the token has not yet been disclosed.

Coinbase CEO Brian Armstrong said on X that the UK’s decision to ban the company’s advertisement triggered strong reactions, showing that it struck a nerve. He criticized UK regulators for still treating cryptocurrency like a form of gambling, calling that view outdated and out of touch with reality. Armstrong explained that the ad’s main message is that the traditional financial system is no longer working for many people, and that crypto offers a better, more inclusive alternative. While similar ads have aired in the U.S., he said the UK continues to ignore the potential of crypto to benefit its citizens. He added that efforts to block or censor the message are actually helping to spread it further. Coinbase officially launched its UK operations in February.

South Korea’s top crypto exchanges saw a cooldown in trading activity, with daily volume across Upbit, Bithumb, Coinone and Korbit totaling 3.54 trillion won ($2.55 billion), down 20.3% from the day before. As of 22:00 UTC on Aug. 3, that’s a drop of 899 billion won ($647 million), based on data from CoinMarketCap cited by local outlet Topstarnews. The slump is being chalked up to traders stepping back during the summer vacation season. Upbit held onto its lead with 2.33 trillion won ($1.68 billion) in volume, capturing 65.8% of the market. Bithumb followed with 1.09 trillion won ($785 million) at 30.8%, while Coinone and Korbit brought up the rear with just 98.3 billion won ($70.8 million) and 21.3 billion won ($15.3 million), respectively.

ARK Invest, an asset management firm led by Cathie Wood, purchased an additional $29.79 million in Coinbase shares and $17.129 million in Bitmine shares on Aug. 1, according to an X post by Ark Invest Daily.

Hyperliquid (HYPE) whale @qwatio, often referred to as the insider, increased their Ethereum (ETH) short position to 11,111.11 ETH (around $40.25 million) about 30 minutes ago. According to on-chain analyst @ai_9684xtpa on X, the combined value of BTC and ETH shorts now exceeds $168 million, with unrealized profits of $3.24 million.

According to Cointelegraph, UK's Financial Conduct Authority (FCA) announced on its official website that it will allow retail investors to access cryptocurrency exchange-traded notes (ETNs) starting Oct. 8, reversing its 2021 ban amid a more mature market for these debt-backed products.

The Chicago Board Options Exchange (Cboe) Volatility Index (VIX), widely known as Wall Street’s fear gauge, rose above 20 for the first time since June, according to Walter Bloomberg on X.

CryptoQuant Alert on Telegram reported 16,009.59 BTC (worth around $1.85 billion) deposited into multiple futures exchanges within an hour: Kraken: 15,748 BTC (98%) Bitfinex: 84 BTC (0%) OKX: 65 BTC (0%) The firm noted that large inflows to custody-supporting exchanges could be from institutional clients.

Bank of America (BofA) said in a July 28 report that investor interest is shifting toward tokenizing real-world assets (RWAs) such as stocks, bonds, bank deposits and real estate, marking a multi-year journey to blockchain-based transactions with benefits like instant settlement and enhanced liquidity. The report highlights Dubai’s Land Department platform, set to digitize $16 billion of property by 2033 with fractional ownership, and warns that while tokenization promises 24/7 access, instant settlement and greater liquidity, it will require significant infrastructure build-out. According to CoinDesk, BofA also noted concerns that blockchain could disrupt traditional banking revenue streams, such as Citi’s, but argued that incumbents’ expertise and adaptability are often underestimated.