XPL on Hyperliquid Continues to Surge, Breaking $1.1 Mark with a 36% Premium Over Binance
On August 29th, on Hyperliquid (accessible via https://app.hyperliquid.xyz/join/NTOD), XPL continued to experience a surge and broke through $1.1. The current annualized funding rate stands at an extremely high 254%, with a 36% positive premium compared to $0.808 on Binance.
Early yesterday morning, Hyperliquid implemented a new mark price calculation method for pre-market perpetual contracts. The mark price of the contract will utilize the standard mark price formula and be combined with the price of external pre-market perpetual contracts (if available).
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The 219th Ethereum All Core Developers' Meeting Fusaka Development Net Devnet3 is expected to be finalized today
August 29th, Tim Beiko provided a summary of the 219th Ethereum All Core Developers Meeting (ACDE). The key points of this meeting are as follows:
The Fusaka development network Devnet 3 is anticipated to be completed by today. The consensus layer team is actively working on resolving synchronization issues. Provided that everything proceeds smoothly, Devnet 5 will be launched.
There are arrangements to deprecate Holesky a few weeks after Fusaka becomes active. A public post will be issued to explain the timetable and migration guide.
The Gas Limit target is to reach 60 million prior to the Fusaka upgrade.
Glamsterdam Update (in future meetings, the discussion on the PFI matter requested by clients will take precedence) and other matters.
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Canadian company Luxxfolio plans to raise $73 million to expand its Litecoin treasury strategy
August 29th. As per Decrypt, the Canadian firm Luxxfolio intends to raise $73 million for the expansion of its Litecoin (LTC) treasury strategy. Charlie Lee, the founder of Litecoin, joined its advisory board by the end of June.
It is worthy of note that the company reported zero revenue during the second quarter. It had a net loss of $197,000, cash reserves of merely $112,000, and accumulated losses approaching $19 million.
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The Indonesian Web3 platform Hypr has launched a Food & Beverage Investment Exposure based on NFT technology.
On August 29th, as per Techinasia, the Indonesian investment platform Hypr is presenting global investors with the chance to get involved in Indonesia's local F&B (food and beverage) businesses via profit-sharing investments. Its initial portfolio company is DORé by LeTAO, a Japanese dessert brand renowned for its cheesecakes and having stores in Indonesia. Hypr employs NFT-based smart contracts to safeguard investors' profit-sharing rights. It validates through the ordering system data and distributes profits on a monthly basis. Hypr operates under the supervision of the Indonesian Financial Services Authority (OJK) and holds ISO 27001 and ISO 9001 certifications. By facilitating profit-sharing and smart contracts, Hypr lowers the investment threshold, enabling retail investors to participate in Indonesia's F&B market, which is projected to surpass $51.5 billion by 2024.
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Huobi HTX Ranks Third Globally in Cryptocurrency Exchange Platform Comprehensive Strength Ranking
On August 29th, based on the latest data from Aicoin, Huobi HTX has demonstrated remarkable performance in the comprehensive strength ranking of cryptocurrency exchanges and has been steadily ranked third globally. In the spot trading ranking, Huobi HTX's 24-hour trading volume reached $32.71 billion, surpassing OKX ($30.73 billion) and closely following Binance and Coinbase Pro. In terms of comprehensive strength ranking, Huobi HTX also ranks third, with a 24-hour trading volume of $56.46 billion, demonstrating its core competitiveness among global mainstream exchanges.
It is reported that Huobi HTX has recently been continuously strengthening its platform governance, security compliance, and product experience. With innovative mechanisms such as the comprehensive upgrade of the selective station, zero freezes in the C2C section, and 100% full compensation, it has attracted a large number of users and liquidity inflows. This ranking surge reflects Huobi HTX's steady growth trend in t
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