Hyperliquid in Talks With Kraken Parent on US Market Entry
Perpetuals
“Hyperliquid Labs is in advanced talks to bring its perpetual futures to US traders through Kraken’s parent company Payward, just weeks after President Donald Trump said his administration was working to bring the fast-growing platform into the US. A deal, if it gets regulatory sign-off, would allow US-based traders to use Payward’s Bitnomial exchange to trade some perpetual futures tied to the price of crypto tokens built on Hyperliquid’s blockchain technology, according to people who asked not to be identified because they’re not authorized to discuss the matter. Representatives of Payward and Hyperliquid Labs declined to comment. Perpetual futures, or perps, are a kind of leveraged contract that allows traders to speculate on the price of assets without an expiration date. While they first became popular as a way to bet on crypto prices, they have recently been used to trade on traditional assets like oil and gold, throwing up new competition to the biggest American financial exchanges.”
Source: Bloomberg
NYSE Parent ICE Partners With tZERO on Infrastructure for Tokenized Securities
Tokenization
“tZERO and Intercontinental Exchange have agreed to collaborate on infrastructure for tokenized securities markets, with tZERO serving as a design partner for ICE’s upcoming NYSE-affiliated tokenized securities platform. NYSE-traded ICE will also invest in tZERO's latest financing round and license its blockchain patent portfolio, which includes 103 patents covering areas such as compliant transfers, smart contracts and corporate actions. The two firms will also explore the use of tZERO's tokenized assets for collateral management at ICE clearing houses and other affiliates.”
Source: The Block
Strategy Restarts Bitcoin Buying, Spending $370 Million
Treasury Companies
“Strategy Inc. resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul. The original Bitcoin treasury company — co-founded and run by Michael Saylor — bought $369.7 million of the tokens in the week ended Aug. 30, according to a filing on Monday. The largest buyer of Bitcoin also raised $602.8 million through the sale of common stock to help fund the purchases and bought back $151.8 million of preferred shares.”
Source: Bloomberg
Sberbank Plans to Add Ether and USDT as Collateral for Crypto-backed Loans
Adoption
“Russia’s largest bank, Sberbank, plans to expand its crypto-backed lending program to accept ether and Tether’s stablecoin USDT as collateral, alongside bitcoin, once regulators allow the assets to circulate publicly. The bank will adapt its existing products to Russia’s new crypto rules before gradually expanding the assets it accepts, Deputy Chairman Anatoly Popov told TASS. The Bank of Russia named bitcoin, ether and USDT in an August draft list of cryptocurrencies that could trade publicly on Russian exchanges. It selected them based on market capitalization, average daily trading volume and at least five years of price history on foreign platforms.”
Source: CoinDesk
XRP ETFs Extend Inflow Streak to 9 Days, Pulling In $1.6 Billion Since Launch
ETPs
“Spot XRP exchange-traded funds are on a roll, stringing together nine straight days of net inflows even as the token's price has cooled. The funds took in $26.2 million on Aug. 28, according to data from SoSoValue, extending an inflow streak that stretches back to mid-August and lifting cumulative net inflows to about $1.6 billion. In the last nine days alone, the funds have drawn in over $725 million. With total net assets across the products standing at roughly $1.6 billion, recent daily hauls have ranged from around $2.4 million to more than $28 million. Decrypt's ETF flow tracker keeps its XRP sentiment reading 'bullish.'”
Source: Decrypt
