Author: CryptoHoppers
PYTH token soars 68% after Commerce Department taps Pyth Network for GDP feeds
Key Takeaways The PYTH token price increased by 68% following the US Department of Commerce’s selection of Pyth Network to deliver official GDP data on-chain. BEA macroeconomic indicators are now published across multiple blockchains, with Pyth Network and Chainlink as key providers. Share this article PYTH, the native token of the Pyth Network, jumped 68% to $0.2 on Thursday after the US Department of Commerce said it had chosen Pyth and Chainlink to bring official economic and financial data on-chain.According to CoinGecko data, the token has been trading under $0.5 since early 2025, after falling from its March 2024 peak…
TLDR: CFTC upgrades its outdated 1990s system with Nasdaq tech to strengthen crypto oversight and fraud monitoring. Nasdaq Market Surveillance gives CFTC automated alerts and analytics to detect abuse across crypto and derivatives. The system enables real-time tracking of unusual trading activity and potential manipulation across multiple assets. Nasdaq’s platform already serves 50 exchanges and 20 regulators, now expanding its role in U.S. market oversight. The Commodity Futures Trading Commission has taken a step to modernize oversight by deploying Nasdaq’s surveillance technology. The system aims to improve fraud detection and monitoring across both traditional and digital markets. Acting Chairman Caroline…
Shiba Inu’s layer-2 network, Shibarium, has suffered a significant decline in its daily transaction metric, providing a bearish outlook for the top meme coin. This comes as the SHIB price looks to stage a rebound alongside the broader crypto market. Shiba Inu’s Shibarium Suffers Crash In Daily Transactions Shibariumscan data shows that daily transactions on Shiba Inu’s layer-2 network crashed from just over 4 million on August 23 to 1.09 million on August 24. The crash further extended on August 25 as the network recorded 624,140 transactions on the day, which represented a 2-month low for the layer-2 network. Related…
Aave Launches Horizon, Letting Firms Borrow USDC, RLUSD, and GHO Against Tokenized Assets
TLDR: Aave Horizon allows stablecoin borrowing against tokenized Treasurys and collateralized loans. Chainlink powers Horizon with Onchain NAV, offering real-time net asset values for collateral. Horizon supports USDC, RLUSD, and GHO, providing predictable liquidity for institutions. Aave’s treasury hit $132.7M, reflecting 130% growth, showing protocol revenue strength. Aave Labs has rolled out Horizon, a new platform aimed at institutional borrowing. The system allows stablecoins to be borrowed using tokenized real-world assets, including U.S. Treasurys and collateralized loan obligations. Horizon is built on a permissioned version of Aave V3, designed to meet compliance requirements. Institutions can now post tokenized securities as…
Key Takeaways The CFTC has deployed Nasdaq’s surveillance technology to enhance oversight of derivatives and digital asset markets. Nasdaq’s system enables automated alerts and cross-market analytics to help prevent fraud, manipulation, and abuse. Share this article The Commodity Futures Trading Commission (CFTC) has adopted Nasdaq’s Market Surveillance platform, one of the world’s most widely used surveillance technologies, to enhance its oversight of derivatives and digital asset markets, according to a Wednesday statement.The deployment of Nasdaq’s market surveillance technology is part of a modernization push led by Acting Chair Caroline Pham to make the CFTC a “21st century regulator,” replacing its…
TLDR: Iran’s 2025 crypto flows dropped 11% to $3.7B, with July volumes collapsing more than 76% year-over-year. Nobitex processed over 87% of Iranian-linked transactions in 2025 despite suffering a $90M hack in June. Tether froze 42 Iranian-linked wallets in July, its largest-ever freeze, disrupting liquidity for local exchanges. Iran enacted a new capital gains tax on crypto in August 2025, placing digital assets alongside gold and forex. The past year has reshaped Iran’s crypto market in ways few expected. Trading volumes shrank. Hacks shook confidence. Sanctions pressure mounted while new regulations added friction for ordinary users. Yet, crypto still offered…
TLDR: Metaplanet announced plans to raise $881M through a global share sale to finance a major Bitcoin purchase. $837M of the raised funds will be used for Bitcoin acquisitions between September and October 2025. ¥44M from the raise will be allocated to Bitcoin financial operations, according to company disclosures. The firm already holds 18,991 BTC worth about $2.15B as of August 25, 2025, based on filing data. Metaplanet, a Tokyo-listed company, is preparing its largest Bitcoin play yet. The firm announced plans to raise funds through an international share sale. The move is designed to boost its crypto treasury while…
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For Cardano’s ADA, ninety cents isn’t just a number; it’s a warzone. This specific price has consistently been a psychological line in the sand where bulls and bears clash, defining the direction of the market’s biggest moves. If you dig into ADA’s price chart from the beginning, you’ll see that the struggle around this level tells a story about market confidence and what’s likely coming next. You can tell how important this level is by looking at the trading volume and open interest in futures—both have spiked. It feels like the market is coiling for a big move, and both…
Key Takeaways Kanye West’s Instagram account was reportedly hacked. The hack aimed to promote the fraudulent $YZY memecoin. Share this article Hackers took over the Instagram account of Kanye West, who now calls himself Ye Ye, on Tuesday and followed a counterfeit YZY Money profile, the rapper confirmed in a post on X. The fake YZY Money account promoted a bogus YZY coin on its profile.The incident comes after Ye launched the YZY token on the Solana blockchain last week and introduced a payment system called YZY Money. The token briefly reached a market cap of over $400 million before…