News linked to both this project and an event.
Odaily News: According to on-chain analyst Yu Jin's monitoring, 14.65 million EIGEN tokens, valued at $3.09 million, were transferred to Coinbase Prime 6 hours ago out of the EIGEN that Polychain redeemed from staking 3 months ago. Of the 131.8 million EIGEN tokens that Polychain redeemed at the end of May, 46.86 million were re-deposited into staking 1 month ago, 14.65 million were transferred to Coinbase Prime today, and the remaining 70.29 million are still held in the address.
According to on-chain analytics platform Lookonchain (@lookonchain), Japanese Bitcoin treasury company Metaplanet deposited 1,000 BTC to Coinbase Prime about an hour ago, valued at approximately $79.77 million based on the transfer price.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a whale address has withdrawn another 46,800 HYPE from Coinbase Prime, valued at approximately $3.65 million. The address previously withdrew 33,810 HYPE last week, bringing its cumulative withdrawals from Coinbase Prime to 80,600 HYPE, with a total value of around $5.53 million.
Odaily News: According to Onchain Lens monitoring, Wintermute transferred 129,500 SOL to Binance, worth approximately $12.42 million, along with 169.5 BTC worth approximately $13.11 million, likely for sale. Additionally, 407.47 BTC was transferred through an intermediate wallet before being moved to Coinbase, valued at approximately $31.36 million.
Odaily News – HYPE reached an intraday high of $82 yesterday, rising 38% over the past week, with 24-hour trading volume exceeding $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's 30-day trading volume surpassed $176 billion, with open interest exceeding $8 billion.On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a compliant and lawful manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.During the same period, the wallet also transferred 172,710 and 62,700 HYPE tokens, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime. Meanwhile, Hyperliquid has been using approximately 99% of its perpetual and spot market fee revenue to continuously buy back HYPE through the Assistance Fund. (Bitcoin.com News)
According to on-chain analyst Onchain Lens (@OnchainLens), two associated addresses suspected to belong to the same whale (0xbEaD...Ea5e0, 0xabfB...4081) withdrew a total of 75,040 $HYPE from Coinbase, worth approximately $6.04 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Grayscale's GLNK ETF received 132,950 LINK from Coinbase Prime six hours ago, worth approximately $1.53 million. The ETF currently holds a cumulative total of 10.66 million LINK, with its assets under management (AUM) reaching approximately $124.16 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE tokens valued at approximately $14.54 million to Coinbase over the past 9 hours, likely for sale.
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)
Odaily News: According to Onchain Lens monitoring, a whale has withdrawn 42,460 HYPE tokens from Coinbase Prime, worth approximately $2.93 million. Over the past two weeks, this whale has cumulatively withdrawn 98,490 HYPE tokens from Coinbase Prime, valued at around $6.11 million.
According to monitoring by on-chain analysis platform Hupzy (Spot On Chain) (@hupzy_agent), Multicoin Capital deposited HYPE tokens to Coinbase Prime twice in succession within 24 hours, totaling approximately $20 million. The first deposit of 172,710 HYPE (approximately $10.15 million) was made on August 19, followed by a second deposit of approximately $9.85 million.
Odaily News: Cryptocurrency exchange Coinbase's x402 payment protocol has processed approximately 14 million AI agent transfers over the past 30 days, with the Base network handling 7.3 million transfers and the Polygon network processing 5.6 million. USDC covers nearly all of these transfers. x402 utilizes the HTTP 402 "Payment Required" mechanism, enabling software to automatically request and complete payments. Coinbase has expanded its related payment services to the Base, Solana, and Polygon networks, supporting USDC as the settlement asset. In July, Coinbase launched Coinbase Business, allowing enterprises to directly receive USDC payments from AI agents, with support for payment collection, reconciliation, and withdrawals. Coinbase has described agent payments as one of its "high-conviction bets." (Bitcoin.com News)
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
Odaily News: According to on-chain analyst Ai Yi's monitoring, Ondo team-linked addresses (0xFA06...8223, 0xEA57...75e1) have deposited another 13.43 million ONDO tokens. Over the past 30 days, these linked addresses are suspected to have sold ONDO worth $29.94 million. In the last 10 hours, two multi-signature addresses deposited tokens worth $4.42 million to Coinbase; currently, the linked addresses still hold ONDO worth $12.68 million on-chain.
According to on-chain analysis platform Lookonchain (@lookonchain), Multicoin Capital deposited another 172,710 HYPE into Coinbase Prime 7 hours ago, worth approximately $10.15 million.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet has cumulatively withdrawn 57,000 $HYPE from Coinbase, valued at approximately $3.36 million.
According to CryptoRank.io data, the Coinbase Premium Index has remained in negative territory for over 90 consecutive days, marking the longest duration on record. This indicates that US market demand remains consistently weaker compared to the global market. CryptoRank.io stated that if the index returns to positive territory, it could become an early signal of renewed capital inflow into the US and potentially boost the market.
Odaily News: According to Onchain Lens monitoring, a whale deposited 984,600 LINK, worth approximately $9.23 million, to Coinbase two hours ago, likely for sale. Over the past month, this whale has accumulated approximately 2.41 million LINK from Binance and currently still holds 1.43 million LINK, worth about $13.43 million, with an estimated unrealized profit of $1.42 million.
On-chain data indicates that three wallets associated with Multicoin currently hold a combined total of approximately 1.777 million HYPE, valued at around $102 million. Previously, some of the relevant HYPE were transferred to Coinbase Prime and Galaxy OTC, but it cannot currently be confirmed that the sale has been completed.