Updated: August 24, 2026, 09:30 (UTC+8) | Author: MEXC Headlines FASB rules could accelerate institutional USDC adoption Kraken may be testing Hyperliquid HIP-3 South Korea plans to open cryptoUpdated: August 24, 2026, 09:30 (UTC+8) | Author: MEXC Headlines FASB rules could accelerate institutional USDC adoption Kraken may be testing Hyperliquid HIP-3 South Korea plans to open crypto
MEXC On-Chain Daily Report: Hyperliquid’s Share of Global Perpetual Open Interest Reaches 10.2%
Updated: August 24, 2026, 09:30 (UTC+8) | Author: MEXC
Headlines
- FASB rules could accelerate institutional USDC adoption
- Kraken may be testing Hyperliquid HIP-3
- South Korea plans to open crypto accounts to 3,500 companies
- South Korea deploys AI to monitor crypto market manipulation
- Anthropic targets a $2 trillion IPO valuation
Industry Updates
Hyperliquid Policy Center: Perpetual Futures Can Complement Traditional Futures Without Weakening Benchmark Markets
According to the Hyperliquid Policy Center, its research analyzed 205 Bitcoin trading weekends and 19 weekend samples involving on-chain WTI crude oil perpetual contracts. The findings indicate that perpetual futures can eliminate the rollover costs associated with expiring contracts, serve smaller trades that traditional markets may not efficiently accommodate, and continue providing price discovery and risk-management functions while benchmark markets are closed. The median on-chain oil perpetual trade was approximately $1,300, around 1/100 the size of a traditional WTI futures trade. The study found no statistical evidence that perpetual markets weaken benchmark markets, while spreads at the reopening of WTI futures markets narrowed.
Vitalik Publishes “Local Mixing” Cryptography Research, Exploring a Potential New Foundational Primitive
According to Vitalik Buterin’s article “Obfuscation (Part 3): Local Mixing,” the proposed technique uses steps including reversibility, hardening, mixing, splitting, crossing walks, and gadgetization to conceal the original computational logic of a circuit while preserving its functionality. Unlike other approaches, the method does not rely on elliptic curves, integer factorization, or lattice-based cryptography and aims to reduce the computational cost of indistinguishability obfuscation. Vitalik emphasized that the technology remains at an early stage and requires years of cryptanalysis and optimization. If successful, it could support quantum-resistant public-key encryption and general-purpose cryptographic infrastructure.
Hyperliquid Accounts for More Than 10% of Global Perpetual Futures Open Interest
According to Odaily, Hyperliquid currently accounts for 10.2% of the global perpetual futures market based on open interest. The calculation includes centralized platforms such as Binance, Bybit, and OKX and is only slightly below Hyperliquid’s record share of 10.4% set at the end of July. The figure indicates that Hyperliquid’s on-chain derivatives business is approaching the scale of leading centralized platforms while maintaining more than one-tenth of global perpetual futures open interest. HYPE was trading at $77.79, up 2.25% over 24 hours, as the market continued to monitor developments involving HIP-3 and institutional compliance infrastructure.
Sui Announces Upcoming Hashi Mainnet Launch After Testnet Deposits Exceed 2 Million
According to Sui, Hashi testnet deposits have exceeded 2 million, and the mainnet is expected to launch soon. Hashi is designed to allow native Bitcoin to remain on the Bitcoin network while becoming programmable collateral within the Sui ecosystem, reducing the risks associated with wrapping BTC across chains or transferring custody to third parties. Following its mainnet launch, Hashi could expand Bitcoin’s use in lending, liquidity, and collateral applications on Sui. However, Sui has not yet disclosed the precise launch date, the initial range of supported protocols, or the mainnet’s early-stage risk parameters.
Solana Reduces Network Slot Time to 350 Milliseconds for the First Time, Targeting 200 Milliseconds
According to Cointelegraph, Solana has reduced its network slot time to 350 milliseconds, marking the first such adjustment since the network launched. The current average slot time is approximately 360 milliseconds. Solana Foundation Vice President of Technology Jacob Creech said the next target is 300 milliseconds, with the longer-term goal of reducing slot time from the original 400 milliseconds to 200 milliseconds. The upgrade will be implemented on the mainnet in four stages through the Agave v4.2 validator client developed by Anza, although no schedule has been confirmed for the remaining stages. Proposal SIMD-0525 was approved and merged on May 14.
SEC Proposes Reg Crypto, Creating Legal Pathways for Certain Token Offerings and the Termination of Investment Contracts
According to a post on X by Galaxy’s Head of Research, the U.S. Securities and Exchange Commission has proposed Reg Crypto, establishing issuance and exit pathways for crypto assets that are not securities themselves but were previously offered as part of an investment contract. The proposal includes four stages covering fundraising, disclosure, development, and exit. It offers a startup exemption allowing issuers to raise up to $5 million over four years and higher-tier exemptions allowing issuers to raise $20 million or $75 million within 12 months. Issuers must disclose supply and unlock schedules, governance permissions, source code, and development progress. Once development obligations are fulfilled or permanently discontinued and a transition report is filed, the investment contract may be considered terminated.
Crypto Council for Innovation and Blockchain Association Sue Illinois Over 0.2% Digital Asset Transaction Tax
According to Odaily, the Crypto Council for Innovation and the Blockchain Association have filed a lawsuit in Sangamon County, Illinois, challenging the state’s newly enacted digital asset tax. The law requires companies that facilitate or store cryptocurrency transactions for Illinois customers and earn more than $100,000 in gross revenue to pay a tax equal to 0.2% of transaction value. The tax is expected to generate approximately $60 million for the state budget. The plaintiffs argue that it violates the U.S. Constitution, the Illinois Constitution, and the Internet Tax Freedom Act. Critics note that the tax is calculated on transaction value rather than profit, meaning it may still apply when users incur trading losses.
BitMart Announces Potential Restructuring and Business Recovery Plan, With Further Update Due by September 9
According to BitMart, the company is developing a potential restructuring plan as an alternative to a full business liquidation. The proposal may include the orderly, phased restoration of certain operations and asset distributions to creditors, although it remains subject to legal, financial, operational, and compliance assessments. BitMart has appointed White & Case as restructuring legal counsel and is working with other professional advisers to develop a recovery roadmap. The company plans to provide another update no later than September 9, 2026, and consult the community after a formal recovery plan is prepared. No specific recovery schedule or asset distribution arrangements have been announced.
MEXC Market Heatmap
Data Note: Based on real-time MEXC market data recorded before 09:30 (UTC+8). Figures may subsequently change with market fluctuations.
New Listing Announcement: TMX/USDT, listing time: August 25, 2026, 18:00:00 (UTC+8)
On-Chain Calendar
High-Risk Token Unlocks
- H/USDT [08-24 10:00] — 39.36M USDT unlock, representing 14.26% of circulating supply; high short-term selling pressure
- XPL/USDT [08-26 04:00] — 6.66M USDT unlock, representing 3.3% of circulating supply; moderate short-term selling pressure
- ALT/USDT [08-26 21:00] — 1.43M USDT unlock, representing 3.48% of circulating supply; moderate short-term selling pressure
Key Macro Events
- Aug 24, 11:00 — Indonesia | Bank Indonesia | M2 money supply [Money supply growth affects domestic liquidity and regional risk appetite]
- Aug 24, 19:30 — Brazil | Central Bank of Brazil | Focus Market Readout [Inflation and interest-rate expectations affect the Brazilian real and capital allocation]
- Aug 24, 20:00 — Mexico | National Institute of Statistics and Geography | Mid-month inflation data [Inflation changes affect Mexican rate expectations and the peso]
Security Alert
BitMart is currently evaluating a potential restructuring and the phased restoration of certain business operations. Attackers may exploit users’ concerns about asset recovery by impersonating official customer support agents, lawyers, or claims-registration personnel. They may distribute fraudulent withdrawal channels, asset recovery forms, or compensation-token links through private messages to steal account passwords, verification codes, seed phrases, or so-called “unfreezing fees.” BitMart said it will provide a further update through official channels no later than September 9. Users should rely only on the official website, official app, and verified social media accounts. Do not open recovery links sent through private messages or transfer deposits and processing fees to unfamiliar addresses. Official representatives will never request private keys or seed phrases.
MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.
Want to get the latest MEXC news? Join our official telegram group now!
MEXC Platform: Download App | Zero Fee Trading | Buy USDT NowJoin the MEXC community: X (Twitter) | Telegram | Discord
Account Verification: Understanding KYC | How to Conduct KYC
Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.
Market Opportunity
ShareX Price(SHARE)
$0.3205
$0.3205$0.3205
USD
ShareX (SHARE) Live Price Chart
Popular Articles
View More
How to Play MEXC Monopoly: Complete Tasks, Roll the Dice, and Share a 500,000 USDT Prize Pool
MEXC Monopoly is the most game-like entry point in MEXC’s referral lineup. The loop is simple: complete tasks to earn dice rolls, your spaceship moves across the Wealth Map by the number you roll,
Where Do Market Opportunities Come From? Policy, Earnings, and Innovation Explained
Market opportunities do not appear out of nowhere. They usually emerge when investors are forced to change their expectations about the future. An interest-rate decision can alter the cost of
Why Do Stocks Have Value? Earnings, Cash Flow, and Valuation Explained
Why do stocks have value? The answer begins with ownership. A stock is not simply a number that moves across a trading screen. It represents a claim on a real business—one that may own assets, sell
Hot Crypto Updates
View More
Alibaba Earnings Preview: Qwen, AI Cloud and China Commerce in Focus
Overview Global technology and e-commerce leader Alibaba Group (NYSE: BABA, HKEX: 9988) is scheduled to report its quarterly financial results today, August 20, 2026, before the opening of the United
Alibaba Earnings Preview: Why AI Cloud Qwen and the Lingxi Games Sale Matter for BABA Stock
Overview Alibaba Group Holding Limited (NYSE: BABA / 9988.HK) is scheduled to release its quarterly financial results before the opening bell on Thursday, August 20, 2026. On the eve of this pivotal
When Is the Enflame IPO? Stock Ticker Listing Date and Price Explained
Overview Enflame Technology has cleared the main regulatory hurdles for its Shanghai listing, but it has not started its public share sale yet. As of August 13, 2026, Enflame has not announced its
Trending News
View More
Will SpaceX Stock (SPCX) Be Added to the Nasdaq 100? A Complete Guide to SPCX's Index Inclusion Path and MEXC Trading Strategies
On June 12, 2026, SpaceX will officially debut on the Nasdaq Global Select Market under the ticker SPCX, with a fixed offering price of $135 per share and an implied valuation of approximately $1.77 t
MEXC Global Football 2026: Predict the World Cup 2026 and Share a 1,360,000 USDT Prize Pool
The FIFA World Cup 2026 will be one of the most anticipated global sporting events of the decade. As football fans prepare for the expanded tournament across the United States, Canada, and Mexico, MEX
Related Articles
View More
MEXC On-Chain Daily Report: Franklin Templeton Plans to Bring Tokenized Assets Into Traditional Funds
Updated: August 21, 2026, 09:30 (UTC+8) | Author: MEXCHeadlines Samsung plans a shareholder return program worth up to $79 billion Payward explores becoming a full-service bank Neutrl protocol functio
MEXC On-Chain Daily Report: Fed Minutes Offer No Signal of Rate Cuts
Updated: August 20, 2026, 09:30 (UTC+8) | Author: MEXCHeadlines PURR trading volume reaches record highs on two platforms Hyperliquid could enter the U.S. market A weaker dollar could create a long-te
MEXC On-Chain Daily Report: Stablecoins May Be Classified as Cash Equivalents
Updated: August 19, 2026, 09:30 (UTC+8) | Author: MEXCHeadlines Anthropic plans to introduce super-voting shares Unitree Robotics debuts on the STAR Market September 15 becomes a key date for the Clar
