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Abraxas Capital buys $32M ETH to hedge $353M Hyperliquid short

Abraxas Capital has bought another 13,000 ETH worth $32.39 million in the spot market to hedge part of a 141,180 ETH short position on Hyperliquid valued at $353.27 million. Lookonchain said on Sept. 8 that Abraxas Capital purchased the additional…

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Ethereum targets quantum-resistant L1 by 2029

The Ethereum Foundation has published ratings for 62 Hegotá proposals after collecting 397 assessments from about 60 protocol specialists across nine teams. The Ethereum Foundation said in a Sept. 7 post on X that its Protocol Cluster had released two…

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Brazil banks add crypto but hold none on balance sheets

Brazil’s largest banks have expanded their crypto offerings to as many as 28 assets after transactions across the country reached R$505.5 billion or about $98.7 billion in 2025. Brazil banks expand crypto access without taking exposure Folha de S.Paulo reported…

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Liquid Network recovers 3,400 BTC after bridge exploit

Liquid Network has recovered 3,400 BTC worth about $269.2 million from the self-described white-hat hackers behind a 4,000 BTC withdrawal, although nearly $47 million remains outstanding. Liquid Network has recovered 85% of the withdrawn Bitcoin On-chain data shows that the…

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Stablecoin growth will test 24/7 FX liquidity, TransFi CEO says

Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Raj Kamal, founder and CEO of payments company TransFi, told crypto.news that issuing euro, sterling, yen,…

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Bitcoin price may stay below $82K until Fed decision: analysts

Bitcoin has fallen 0.8% to about $79,176 over the past 24 hours as analysts forecast continued trading between $78,000 and $82,000 before the Federal Reserve’s September policy decision. Bitcoin price remains capped near $82,000 Bitfinex analysts told crypto.news that Bitcoin’s…