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MYSTEN Labs co-founder Kostas Kryptos participates in the establishment of the cryptocurrency trading platform Havenex: Series A financing is about to be completed

The Sui development team co-founder of Mysten Labs, Kostas Kryptos, stated that Havenex is undergoing Series A financing and is about to complete it. All necessary license applications and some additional license applications have been submitted, and the financing amount is also close to being fully allocated.Havenex is not positioned to become another Coinbase, Binance, Bybit, or Kraken, but rather to provide infrastructure for financial institutions, enabling them to offer digital assets and traditional financial assets to clients while meeting regulatory, custody, security, and transparency requirements. Havenex plans to support a multi-chain architecture, verifiable custody, continuous solvency proof, default multi-signature, quantum-resistant keys, hardware two-factor authentication wallets, as well as self-custody and key loss protection mechanisms; in regions where regulations allow, it will also support privacy assets and RWA. The project will use Sui technology in suitable scenarios while integrating assets, bridging protocols, and foundational components from other ecosystems.The concept of Havenex was proposed by him, and he will currently participate as an advisor, but Mysten Labs and Sui remain his main focus. He stated that the project aims to establish transparency and security standards different from those of FTX and Mt. Gox, and to reduce the serious vulnerability risks caused by code generated by large language models recently.

Data: NVDA contracts had a trading volume of approximately 232 million USD in 24 hours, with Binance, Hyperliquid, and OKX accounting for about 88.3% of the trading volume

According to RootData market data, the price of Nvidia (NVDA) contracts on 10 platforms is concentrated between $213.6 and $213.9, with a 24-hour increase ranging from 0.96% to 1.24%. The total 24-hour trading volume is approximately $232 million, with an open interest value of about $184 million.Among them, Binance has a trading volume of about $123 million, accounting for approximately 52.9% of the total trading volume, with an open interest of about $41.5375 million; Hyperliquid has a trading volume of about $59.3152 million, with an open interest of about $97.9711 million, accounting for about 53.2% of the total platform open interest, making it the market with the largest position. The disclosed platforms have a total liquidity depth of ±2% of approximately $12.6731 million, with Hyperliquid at about $4.432 million and Binance at about $3.4173 million.In terms of market concentration, Binance, Hyperliquid, and OKX contribute approximately 88.3% of the trading volume; Hyperliquid and Binance together account for about 75.8% of the open interest. Currently, the funding rates across platforms are generally low, and there has not yet been a significant extreme bullish premium.Previous report indicates that Nvidia will announce its second-quarter financial report after the U.S. stock market closes on Wednesday, with the market's focus mainly on five aspects: AI infrastructure financing, progress on Vera Rubin servers, open model layout, sales in China, and gross margin pressure.

Goldman Sachs: Cryptocurrency trading has fallen for ten consecutive months, and a turning point may be near

According to ChaoXiang Research, a Goldman Sachs report pointed out that cryptocurrency trading volume fell by 30% in July and 21% in August, marking a continuous decline for 10 months, lasting longer than the median of the previous five cycles. The trading volume has dropped by 75% from its peak, while the cryptocurrency market value rebounded by 21% in the past week. Goldman Sachs believes that if the market value maintains at the current level, a turning point in trading volume may appear.On the regulatory front, 35% of institutional investors view regulatory uncertainty as the biggest obstacle, while 32% believe that regulatory clarity is the primary catalyst. The SEC recently proposed an innovation exemption, and over 10 new digital asset companies received OCC bank licenses in 2026, with more than 15 cryptocurrency firms included in the federal banking system. Cryptocurrency companies are expected to reduce costs by an average of about 5% in 2026, driving an increase in operating profit margins of about 5.8 percentage points.Goldman Sachs holds a cautiously optimistic view for the second half of the year, with sector valuations at the 30th percentile over the past five years. They recommend COIN (target price $196), HOOD ($124), IBKR ($114, Goldman Sachs' U.S. conviction list), and FIGR ($43). The logic for the three types of assets is different: traditional brokerages look for a reversal in September, predicting the market based on the election cycle, while cryptocurrency targets have three catalysts: market value rebound, cost reduction, and regulatory reform.
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