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According to HyperliquidNews monitoring, Abraxas Capital holds a total of over $472 million in perpetual contract short positions, including $126 million in Bitcoin native asset short positions, $120 million in Ethereum native asset short positions, $73 million in SOL short positions, and $72 million in Hyperliquid native asset short positions.The wallet has made a profit of $21 million in the last 24 hours, with total equity exceeding $200 million.

Glassnode data shows that as BTC rebounds towards $80,000, the options market positions are clearly shifting towards a more positive outlook. The open interest in BTC options has risen back to nearly 550,000 BTC, and participation in the derivatives market is increasing again; the DVOL volatility index has rebounded to about 41, but it is still below the previous high volatility range of 50-60.Glassnode points out that the 25 Delta Skew across different maturities has significantly narrowed, with the short-term skew turning negative, indicating a decrease in demand for downside protection, and positions are leaning more towards a balanced or bullish direction. Currently, BTC is in a dense Gamma range of about $75,000 to $80,000, with recent capital flows concentrated at the $72,500 and $79,250 strike prices, where there has been a noticeable buying of call options, while demand for put options is relatively limited.

The cryptocurrency protocol Ethena, which issued $4 billion in synthetic US dollars (USDe), announced plans to expand its basis trading strategy to stock perpetual contracts. According to Ethena's data, the open interest in stock perpetual contracts has grown tenfold to $6.2 billion since March. Over the past few months, the funding rates on Hyperliquid and Binance averaged approximately 14% and 17.5%, respectively, while the Bitcoin funding rate during the same period was only in the low single digits.Ethena pointed out that the average Bitcoin funding rate was 11% in 2024, 4.9% in 2025, and has dropped to 2.2% as of August 11 this year. In contrast, stock perpetual contracts had positive funding rates on 94% of trading days on Hyperliquid and 97% on Binance, with a median funding rate of 13.9%, while Bitcoin's was 3.9%. Co-founder Guy Young stated that stocks tend to rise in the long term, creating a continuous demand for leveraged longs to pay fees, and that the funding rate for stocks has almost no correlation with Bitcoin, providing USDe with a revenue source that relies less on the crypto market.The global stock market had a market capitalization of approximately $166.5 trillion in July, far exceeding the crypto market's approximately $2.2 trillion. This expansion is one of Ethena's initiatives to seek new revenue sources after the supply of USDe fell from a peak of about $15 billion to below $5 billion. Last week, it also announced a $1 billion financing arrangement with FalconX.

The Irish National Police (An Garda Síochána) reported that during a special operation against organized crime in the Galway area, police searched two properties and froze two cryptocurrency accounts worth approximately $900,000 in total. In addition, the police also froze a bank account containing €25,000 (approximately $29,100), and seized €9,300 in cash and drugs valued at approximately €18,300 (including amphetamines and cannabis).A man in his 40s involved in the case has been arrested and charged, and the investigation is ongoing.

According to official news, the Gate Contract Stock Zone will launch the perpetual contract trading for DJT (Trump Media Technology Group), RAM (Roundhill T-REX 2x Long DRAM Daily Target ETF), TEM (Tempus AI), and MARA (Marathon Digital Holdings) on August 28 at 20:00 (UTC+8), with USDT settlement and supporting 1-20x leverage.

According to Decrypt, the financial investigation department of the police in Avon and Somerset, UK, has seized 20.21 bitcoins along with other crypto assets and bank account funds, totaling approximately $1.4 million (£1.03 million). Investigators traced the assets to dark web markets that operated between 2016 and 2019, all of which have now been shut down by law enforcement and were involved in criminal activities such as drug supply and human trafficking.This is the largest cryptocurrency seizure operation by the police since the introduction of the cryptocurrency wallet freezing order in the UK in April 2024. This power allows the police to freeze and seize cryptocurrencies without prior arrests, transferring them to wallets controlled by law enforcement, and seizing written passwords or storage devices. The individuals involved had previous money laundering convictions and are now deceased.The police pointed out that every transaction processed by these markets is permanently recorded on the blockchain, serving as a valuable source of evidence. The assets were seized earlier this year under the Proceeds of Crime Act, with the court determining that they represented proceeds from illegal activities, and the recovered funds will be used for community and policing projects.

Bitget's latest data shows that the cumulative trading volume of TradFi perpetual contracts on the platform in August has exceeded $10 billion, with the average daily number of trading users increasing by over 10% month-on-month.As of now, Bitget supports a total of 295 stock perpetual contract underlying assets.

The Gate stock derivatives section is now online with pre-market trading for the SHEINUSDT perpetual contract, settled in USDT, supporting 1-10x leverage.SHEINUSDT corresponds to SHEIN, a cross-border e-commerce company that is listed with a dual-class share structure in Hong Kong.

The Binance contract platform will launch multiple U-based TradFi perpetual contracts on August 28, including TEMUSDT, MRKUSDT, IONQUSDT, MARAUSDT, and PDDUSDT. The launch times are 17:00, 17:05, 17:10, 17:15, and 17:20, with a maximum leverage of up to 20 times.

Coinbase CEO Brian Armstrong posted that the company's newly launched US500 index perpetual contract has achieved over $100 million in 24-hour trading volume just one week after its launch, showing strong early momentum. This product tracks the index of the 500 largest companies by market capitalization in the United States and is currently open for trading to U.S. users.Armstrong also solicited feedback from the community, asking what other perpetual contract index products users would like to see launched.

According to the official announcement, Bitget has launched the SHEINUSDT (SHEIN) IPO pre-market perpetual contract, supporting up to 20x leverage and 24/7 trading.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:POKEMON (EhCz....ump): Net inflow of $6,000, with a 24-hour increase of 5595.8%, currently priced at $0.0002.QUALITY (FqEy....ump): Net inflow of $4,000, with a 24-hour increase of 6982%, currently priced at $0.0002.KURO (5Cwp....ump): Net inflow of $2,000, with a 24-hour increase of 5237.4%, currently priced at $0.0002.moonkey (BRZ5....ump): Net inflow of $2,000, with a 24-hour increase of 12718.1%, currently priced at $0.0004.VI (35zA....ump): Net inflow of $1,000, with a 24-hour increase of 1660.9%, currently priced at $0.0001.

Ethereum developer nixo.eth revealed on the X platform that Ethereum core developers have decided to change the status of the account abstraction proposal EIP-8141 from "under consideration" to "scheduled," confirming that account abstraction will be promoted as a key feature of the Hegotá upgrade.This EIP was proposed in March as a flagship upgrade, and community consensus suggests that even though there are still controversies regarding the specific implementation, account abstraction should be launched in Hegotá. In recent weeks, another proposal, EIP-8130, has emerged as a competitor, planning to be deployed on Base in September, sparking discussions about avoiding a split in account abstraction standards between L1 and L2. The authors of both EIPs and core developers are working hard to reach a unified solution without delaying the upgrade. The status change means that this feature has officially entered the planning for the Hegotá upgrade, but the specific specifications may undergo significant changes, and it is common for implementation plans to change before the official launch.

Polymarket US has withdrawn two NFL player participation contract documents from the prediction market platform. The platform has completed certification with the Commodity Futures Trading Commission (CFTC) and plans to launch related products no earlier than August 27. Polymarket US certifies Bitcoin, Ethereum, and Solana price contracts, all three types of contracts are submitted in pairs and classified as swap contracts under the binary options subcategory.Both the NFL contracts and cryptocurrency contracts involve the relevant classifications. The NFL compliance analysis document has been submitted separately for confidentiality, with Polymarket US requesting permanent non-disclosure on the grounds that public disclosure would leak trade secrets and give competitors an unfair advantage. As of the record, another NFL American football eligibility contract remains in certified status.

Fox Business crypto reporters posted on the X platform that the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are advancing the finalization of a rule to define "unsafe or unsound practices" in bank regulation. This term has not been clearly defined for years, primarily relying on the broad discretion of bank examiners.Under this rule, when regulators determine that a practice is "unsafe or unsound," they must link it to actual illegal conduct or significant financial risk, thereby reducing the likelihood of pressuring banks serving legitimate clients, including crypto companies, based on vague reputational or procedural issues. This rule marks another important step towards further dismantling "Operation Chokepoint 2."

The Hyperliquid Policy Center stated on platform X that perpetual contracts should be at the core of the U.S. Commodity Futures Trading Commission (CFTC) innovation agenda. The agency submitted a statement regarding the first meeting of the CFTC Innovation Advisory Committee on August 20, pointing out that perpetual contracts are gradually expanding beyond the digital asset market to traditional asset classes such as stocks and commodities, and that demand for this product among U.S. market participants is rising.Perpetual contracts can meet the risk management needs of different market participants, making them particularly suitable for airlines hedging fuel costs, investment funds managing portfolio exposure, and AI developers addressing ongoing risks related to computing costs that do not have a clear expiration date. Compared to futures with fixed expiration dates, perpetual contracts do not require rolling over, and there are no expiration and delivery issues; they anchor contract prices to the underlying assets through periodic funding rates. Currently, on Hyperliquid, perpetual contracts deployed by third-party developers cover over 80 traditional commodity and stock markets, with a cumulative notional trading volume exceeding $500 billion.This year, the CFTC has taken several measures to promote the establishment of the perpetual contract market in the U.S. In May, the CFTC approved the first perpetual futures contract listed in the U.S. and issued a policy statement and continuous trading guidance regarding the listing of perpetual contracts; in June, the CFTC sought public opinion on extending perpetual contracts to energy commodities and further consulted on computing power derivatives.In addition, the Hyperliquid Policy Center believes that on-chain infrastructure can also promote the modernization of the U.S. derivatives market within the existing regulatory framework. Public blockchains can openly record markets, orders, and positions, continuously conduct margin assessments programmatically, and enable real-time collateral transfers, thereby reducing counterparty credit risk and settlement risk. The agency will continue to provide relevant research and technical documents to the CFTC Innovation Advisory Committee and committee staff, and promote the establishment of a pathway for U.S. market participants to compliantly access on-chain markets. The agency believes that perpetual contracts are one of the most representative financial innovations of the past decade and should be further developed in the U.S. market.

Binance contracts will adopt the latest price protection (LPP) mechanism for the TACUSDT U-based perpetual contract on August 27, 2026, at 19:00, to address price deviations of TAC (TAC Protocol) across multiple exchanges.The LPP mechanism will be gradually implemented through a marked price smoothing processing model, with the funding rate limits adjusted to +0.005% / -0.005%.

According to Coinglass data, the total contract open interest for ETH has increased by 5.63% in the past 24 hours, with the current total open interest at $34.273 billion. Among them, the open interest on Binance is $9.447 billion, OKX is $1.824 billion, Bybit is $2.291 billion, and Gate is $3.019 billion.

On August 27, U.S. tech and space concept stocks rose slightly after hours, with active trading in Nvidia and SpaceX concept tokens. According to data from the Gate platform, Nvidia (NVDA) is currently priced at $209.95, reaching $219.59 after hours, an increase of 4.59%; SpaceX (SPCX) is currently priced at $139.57, reaching $140.52 after hours, an increase of 0.68%.According to Coinglass data, the open interest for Gate NVDAX contracts is $10.44 million, with a trading volume of $25.18 million, both ranking first among centralized exchanges; the open interest for Gate SPCX contracts is $112 million, ranking second, with a trading volume of $135 million, ranking third.

Binance founder CZ stated at the Bitcoin Asia 2026 conference that he does not believe it will take 25 years for Bitcoin to reach 1 million dollars; it will happen much faster. However, beyond the price, more practicality is needed.CZ believes that Bitcoin payments need to be implemented on a large scale, and Bitcoin needs to become a reserve asset for retirement pension funds. All of these things will happen, and more will happen; all of these will be realized within 25 years.