The total crypto market capitalization jumped about 9.32% to $2.34 trillion following a US Treasury bond buyback announcement that lowered yields and triggered a massive short squeeze.

Multicoin Capital has deposited hundreds of thousands of HYPE tokens worth millions into Coinbase Prime, prompting questions among market observers regarding potential sell pressure.

Nexo has introduced regulated crypto-backed credit lines in Australia, allowing eligible clients to access liquidity using digital assets as collateral.