Hyperliquid Platform XPL Contract 24-hour Trading Volume Surpasses $158 Million, Funding Rate Reaches 0.15%

On August 28th, according to reports from financefeeds (https://www.financefeeds.com), Falconedge, a newly spun-off hedge fund advisory firm from UK hedge fund Falcon Investment Management, has completed its pre-IPO financing. It plans to pursue a bold Bitcoin treasury strategy, allocating almost all the upcoming IPO proceeds to building a Bitcoin treasury. Falconedge CEO Roy Kashi stated, "By making Bitcoin the company's primary reserve asset, Falconedge is betting that BTC will become the cornerstone of institutional finance in the next decade." Falconedge's IPO is expected to take place in September.

On August 28th, based on strategicethreserve data, the following are the treasury companies and institutions with significant changes in Ethereum holdings in the past 30 days: Bitmine Immersion Tech (BMNR) takes the first place, currently holding 1.7 million ETH, with a value of approximately $7.95 billion and a 30-day holding increase of 202.4%; SharpLink Gaming (SBET) ranks second, currently holding 0.7977 million ETH, valued at approximately $3.7 billion and a 30-day holding increase of 121.1%; The Ether Machine (ETHM) comes in third, currently holding 0.3454 million ETH, valued at approximately $1.6 billion and a 30-day holding increase of 8.01%; Ethereum Foundation ranks fourth, holding 0.2316 million ETH, valued at approximately $1.007 billion and a 30-day holding decrease of 2.1%; Bit Digital (BTBT) ranks seventh, holding 0.1203 million ETH, valued at approximately $557.9 million with no change in holdings in the past 30 days; ETHZilla (ETHZ) ranks eighth, holding 0.1022 million

On August 28th, according to market data, Dolomite (DOLO) saw a significant surge after being listed on Binance Spot Trading. It reached a price of $0.297 and is currently trading at $0.268. The current market capitalization is $70 million, and the 24-hour gain has narrowed to 28%. The contract funding rate is currently -0.2%.

On August 27th, as reported by Bloomberg, the stablecoin giants Circle and Paxos are conducting tests on a new cryptocurrency issuance verification technology. This technology is aimed at assisting entities in verifying their digital asset holdings. Circle and Paxos are collaborating with the financial technology startup Bluprynt, which was founded by Georgetown Law professor Chris Brummer. By utilizing cryptography and blockchain technology, they provide issuer verification during the issuance of a stablecoin, enabling the tracking of the token back to the verified issuer.

On August 27th, the LST protocol Sanctum within the Solana ecosystem launched its V2 version. This includes new product updates as well as a brand new website and a dedicated landing page.

On August 27th, Ryan Sean Adams, a co-founder of Bankless, stated, "During this cycle, ETH has demonstrated itself to be a high-quality liquid asset (HQLA), similar to US treasuries, gold, and Bitcoin. This will unlock a vast world of traditional finance (TradFi) capital and drive ETH to new heights as an institutional-grade investment asset."