Headlines

Kinetiq unveils Elysium L2 with HYPE gas

Kinetiq unveiled Elysium on Aug. 24, introducing a layer-2 network designed to increase transaction capacity within the Hyperliquid ecosystem while using HYPE as its gas token. Summary Kinetiq announced Elysium, a Hyperliquid-focused layer-2 network that will use HYPE for transaction fees from launch. Fifty percent of sequencer fees will fund open-market KNTQ purchases, with acquired…

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Coinbase Tokenized Stocks Go Live on Base Bringing Apple and NVIDIA Shares to DeFi 24/7

Tokenized versions of major US stocks are going live on Base, Coinbase’s Ethereum layer-2 network. Base says tokenized stocks issued by top US crypto exchange Coinbase are now live on the chain. The stocks are built on the network’s native token B20, which represent real shares held 1:1 by a regulated custodian in a bankruptcy-remote structure….

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Bitcoin Whale Closes 2-Month Long, Banks $11.6M Profit

Key Takeaways Onchain analysts highlighted two wallets, potentially belonging to the same investor, closing a bitcoin long for an $11.6 million profit. Bitcoin has climbed from $58,000 to above $81,000. The exit adds to whale profit-taking as traders watch whether bitcoin price holds $81,000. Two Months, One Exit Blockchain analytics platform Lookonchain identified two addresses…

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Metaplanet moves 1,000 BTC to Coinbase Prime

Metaplanet transferred 1,000 Bitcoin, worth approximately $79.77 million, to Coinbase Prime on Aug. 25, according to blockchain analytics account Lookonchain. Summary Metaplanet transferred 1,000 Bitcoin worth roughly $80 million to wallets attributed to Coinbase Prime today. The transfer alone does not establish a sale because Coinbase Prime provides institutional custody services. Metaplanet officially holds 43,000…

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DBM Releases ₱1 Billion for Project NOAH’s AI-Powered Flood Forecasting System

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Predictive artificial intelligence and high-resolution spatial mapping are receiving a major financial boost as the Philippine government moves to modernize its national flood early-warning network. For flood-prone communities and municipal planners, the upgrade aims to…

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