The Bubblenexus News

Hyperliquid’s native HYPE token climbed to a fresh record of $88.06 on September 3, extending a sharp run that has pushed the asset into the upper tier of the crypto market by valuation. Source: BubbleNexus Live Analysis HYPE was trading near $86 on September 4 after briefly touching the new high, leaving it only a small distance below the peak. Market data showed the token gaining roughly 4% to 6% over the preceding 24 hours, although exact readings varied across platforms because crypto prices are aggregated from different venues and products. A new record during a broader rally The move marks a clear break from HYPE’s earlier trading history. CoinGecko’s historical data places the previous cycle’s low at $3.81 in November 2024 , meaning the token has risen more than twentyfold from that level. The rally has also lifted HYPE’s market capitalization into the tens of billions of dollars, with circulating-supply estimates differing between data providers. That performance has come as Hyperliquid has expanded beyond its original identity as a decentralized venue for crypto perpetual futures. The network combines an on-chain order book with spot and derivatives markets, while its broader ecosystem includes HyperEVM applications and additional financial products. Hype's heavy derivatives activity The CoinDuck page supplied for this analysis is a derivatives-market dashboard rather than a conventional spot-token page. Its September 4 snapshot showed active trading around the record: HYPE perpetual last price: $86.2120 Reported 24-hour volume: approximately $728 million Open interest: approximately $2.1 billion Eight-hour funding rate: 0.0100% Maximum listed leverage: 10 times The funding rate was slightly positive, and CoinDuck’s derived positioning measure was close to balanced at 50.5% long versus 49.5% short. That combination points to substantial participation without an extreme directional imbalance in the snapshot. Open interest near $2.1 billion is particularly important: it indicates that a large volume of leveraged positions remained active while HYPE traded close to its record. Read the dashboard carefully CoinDuck’s figures should not be interpreted as a complete measure of HYPE’s spot-market capitalization or total token supply. The page is labeled for the Hyperliquid HYPE perpetual contract, and several raw fields—including circulating supply and market capitalization—were recorded as zero. It also displayed a mid-price and oracle price near $55.5 alongside a last trade near $86.2, a discrepancy that requires caution before using the page as a standalone price source. What traders will watch next HYPE’s next test is whether the token can hold above the former high after the initial breakout. Traders will also be watching open interest, funding, and liquidation activity. A record price supported by rising spot demand would suggest broader accumulation; a move driven mainly by leveraged contracts would leave the rally more exposed to sharp reversals.

The London Stock Exchange plans to develop tokenized UK equity structures and has formed a partnership with Payward, the parent company of crypto exchange Kraken, to explore how blockchain-based access could connect with regulated capital markets. The initiative is expected to include xStocks linked to London-listed companies, with trading on the planned LSE 24 venue targeted for 2027, subject to regulatory approval. What Happened The project is designed to represent publicly traded shares as digital tokens while retaining the rights, protections and governance standards associated with conventional public markets. LSEG’s Digital Securities Depository may support the issuance, transfer, settlement and servicing of the assets within a regulated infrastructure model. Independent reporting has described the initial ambition as bringing the 100 largest LSE-listed equities onchain. The exchange’s announcement itself uses broader language, referring to UK tokenized equity structures and London-listed companies rather than confirming a final constituent list. The scope may therefore change as the design develops and regulatory reviews proceed. Key Facts The partnership is with Payward, Kraken’s parent company, rather than a separately named agreement with the Kraken exchange. xStocks are intended to be 1:1-backed representations of publicly traded shares that can move across exchanges, wallets and onchain applications. The proposed LSE 24 listing and trading of xStocks is targeted for 2027 and remains subject to regulatory approval. LSE 24 is planned as a near-continuous Monday-to-Friday venue, not a seven-day market. Why It Matters Tokenization could give investors access to equity-linked products through digital wallets and blockchain applications, while allowing issuers and market operators to use programmable settlement and broader distribution. The partnership reflects a growing effort by traditional exchanges to meet investors who are accustomed to digital-asset markets operating beyond ordinary stock-market hours. The model also draws a clear line between the proposed UK initiative and Kraken’s current xStocks offering. Kraken’s product page describes existing xStocks as 1:1-backed SPL tokens and advertises trading five days a week. It also says the product is not currently available to retail customers in the United Kingdom. The future LSE listing would therefore represent a separate, regulated-market pathway rather than immediate UK access to the existing Kraken product. What’s Next LSE 24 is scheduled to begin client testing by the end of 2026, with exchange-traded products planned as its first asset class in the first half of 2027. Its published operating window runs from 17:00 to 07:50, with a short overnight pause, alongside the Main Market’s regular daytime session. Approval from regulators, the final tokenized-equity structure and the list of eligible companies will determine how much of the proposal reaches investors.

Source: Cointelegraph X Post Apple has confirmed John Ternus as its next chief executive officer, with the longtime hardware engineering leader set to take over from Tim Cook on September 1, 2026. Cook will become executive chairman of Apple’s board, keeping him involved with the company as the leadership transition takes effect. Planned Succession Puts Ternus at the Helm Apple’s board approved the leadership change unanimously after what the company described as a long-term succession planning process. Cook will remain CEO through the summer and work with Ternus to support the handover before the new arrangement begins. The transition also changes Apple’s board structure. Ternus will join the board on September 1, while Arthur Levinson, who has served as non-executive chairman for 15 years, will become lead independent director. Cook, in his executive-chairman role, is expected to assist with selected company matters, including engagement with policymakers around the world. Who Is John Ternus? Ternus is a veteran Apple executive whose career has been closely tied to the company’s hardware portfolio. He joined Apple’s product design team in 2001, became a vice president of Hardware Engineering in 2013, and joined the executive team as senior vice president of Hardware Engineering in 2021. Joined Apple in 2001 after working as a mechanical engineer at Virtual Research Systems. Became vice president of Hardware Engineering in 2013. Joined Apple’s executive team as senior vice president in 2021. Has overseen engineering work across iPhone, iPad, Mac, Apple Watch, and AirPods. Holds a bachelor’s degree in Mechanical Engineering from the University of Pennsylvania. His appointment continues Apple’s pattern of choosing an internal successor with deep knowledge of the company’s product-development system. Ternus has been involved in multiple generations of Apple products and in the expansion of newer product lines, including iPad and AirPods. Cook’s 15-Year Tenure Comes to an End Cook became Apple CEO in 2011 after previously leading the company’s operations and supply-chain organization. During his tenure, Apple expanded beyond the iPhone into products such as Apple Watch, AirPods, and Apple Vision Pro, while building services including iCloud, Apple Pay, Apple TV, and Apple Music into major parts of its business. Apple said annual revenue grew from $108 billion in fiscal 2011 to more than $416 billion in fiscal 2025. The company also reported that its active installed base had surpassed 2.5 billion devices. These figures underscore the scale of the business Ternus will inherit when Cook leaves the CEO role. Challenges Await the Incoming CEO Ternus takes over as Apple faces pressure to define a stronger position in artificial intelligence while maintaining the product ecosystem and services growth developed under Cook. Industry analysts have pointed to AI integration, new hardware categories, and competition from companies building AI-centered products as major tests for the next phase of Apple’s strategy. The leadership change is not an immediate break with Apple’s existing direction. Ternus is a long-serving insider, and Cook will remain connected to the company as executive chairman. Still, the shift gives the new CEO responsibility for product priorities, technology investment, and the company’s response to a rapidly changing technology market. What Happens Next? Ternus will formally become CEO and join Apple’s board on September 1, 2026. Cook will move into the executive-chairman position on the same date, while Levinson becomes lead independent director. The transition places a hardware-focused executive in Apple’s top role and gives investors, employees, and customers their first clear indication of how the company’s next leadership era will begin.

Prediction-market terminal Kairos has added Hyperliquid outcome markets to its platform, giving traders access to the decentralized exchange’s HIP-4 contracts through a single trading interface. The launch is paired with a new $20,000 cross-exchange trading competition that includes eligible Hyperliquid markets. Hyperliquid Markets Arrive on Kairos The integration expands Kairos’s effort to consolidate prediction-market liquidity, data, and execution across venues. Traders can now view and trade Hyperliquid’s outcome contracts from the same terminal used to access markets on platforms such as Kalshi, Polymarket, and Predict.fun. Kairos presented the competition as a launch promotion, with the prize pool attached to its new cross-exchange format. The public announcement confirms the $20,000 pool and the inclusion of Hyperliquid markets, but does not detail the contest’s duration, ranking methodology, or eligibility requirements. Key Facts Hyperliquid outcome markets are now available through Kairos. The markets are eligible for a new $20,000 cross-exchange trading competition. Kairos is designed to combine venue data, order books, analytics, and execution in one workspace. The integration covers Hyperliquid’s HIP-4 outcome-market framework. What HIP-4 Adds to Hyperliquid Hyperliquid’s HIP-4 framework brings fully collateralized outcome contracts to the exchange’s on-chain trading system. Unlike leveraged perpetuals, these contracts do not use borrowed capital or expose positions to liquidation. A trader’s maximum loss is the amount committed to the position, while settlement depends on the conditions and expiry specified by each market. The first HIP-4 markets launched on Hyperliquid’s mainnet in May 2026, initially focusing on recurring binary contracts tied to the Bitcoin mark price. The framework uses linked Yes and No orders in a merged order book, allowing liquidity on both sides of an outcome to interact within the same market structure. Hyperliquid has described HIP-4 as a general-purpose primitive that can support prediction markets and bounded, options-like instruments. A Broader Push Toward Professional Prediction Trading Kairos is positioning the Hyperliquid integration as an execution and information upgrade rather than as a separate destination for traders. Its terminal aggregates order books across venues, normalizes prices and share conventions, and provides streaming market data. The company also promotes low-latency execution and configurable automated strategies for users who want to trade market-making, arbitrage, or momentum approaches. The move comes as prediction markets develop more varied market structures, with traders increasingly comparing event contracts as they would other instruments. A new venue can bring additional liquidity and different pricing for a similar event, but comparing those prices requires traders to monitor separate books and settlement rules. Kairos’s cross-exchange design is intended to reduce that operational friction while preserving the underlying venue-specific contracts. What to Watch Next The immediate focus will be on how many traders participate in the competition and whether Hyperliquid’s outcome markets gain sustained activity inside Kairos. Traders will also need to review each contract’s settlement terms, fees, liquidity, and jurisdictional availability before placing orders. The announcement establishes the integration and prize pool; further details about the competition remain to be published.

Hyperliquid Labs is in advanced discussions with Payward, the parent company of crypto exchange Kraken, over a route for bringing some of Hyperliquid’s perpetual futures to U.S. traders . The proposed structure would use Bitnomial, Payward’s U.S. derivatives exchange, rather than making the existing Hyperliquid venue directly available to American customers. The talks remain unfinished . Any agreement would require regulatory sign-off, and no launch date or final list of contracts has been announced. Payward and Hyperliquid Labs did not publicly confirm the discussions. The people familiar with the matter were not authorized to speak publicly, leaving the proposed structure subject to change as negotiations and regulatory review continue. A regulated channel for selected contracts Under the reported plan, eligible U.S. customers would trade a subset of perpetual futures linked to the prices of crypto tokens built on Hyperliquid’s blockchain technology. The products would be offered through Bitnomial’s regulated market infrastructure, with customer access, contract design and trading operations subject to U.S. requirements. That distinction is important. The proposal is not described as a wholesale opening of Hyperliquid’s existing offshore platform to U.S. persons. It would instead create a separate, regulated channel for selected products. The reported arrangement also does not confirm that Kraken’s consumer platform itself will list Hyperliquid perpetuals. Why Bitnomial matters Payward completed its acquisition of Bitnomial in May after announcing the transaction in April. The deal gave Payward control of a U.S. crypto-derivatives stack comprising an exchange, clearinghouse and futures commission merchant, all designed to operate under Commodity Futures Trading Commission oversight. Payward has described the infrastructure as a foundation for regulated spot margin, perpetuals and options for eligible U.S. clients. Bitnomial continues to operate within the Payward group, retaining its licensing and regulatory structure. That makes it the logical venue for a partnership that needs U.S. market access without requiring Hyperliquid Labs to build or acquire a complete domestic derivatives platform. Reported counterparties: Hyperliquid Labs and Payward. Potential venue: Payward-owned Bitnomial. Potential products: A selected group of Hyperliquid-linked perpetual futures. Key condition: Regulatory approval is still required. What remains unresolved Hyperliquid is known for fully on-chain perpetual-futures and spot order books, where orders, trades and liquidations are recorded on its Layer 1 blockchain. Its U.S. expansion would therefore test how an on-chain trading ecosystem can be represented through a regulated domestic exchange while preserving a connection to the underlying markets and assets. The companies have not disclosed commercial terms, the precise mechanism for linking the contracts, or which tokens would be included. It is also unclear whether the products would mirror existing Hyperliquid markets or be created as separate instruments for the U.S. venue. A filing or proposal submitted to regulators would not by itself constitute approval. For now, the development is best understood as an advanced but unconfirmed effort to give Hyperliquid a compliant foothold in the U.S. perpetual-futures market.

HyENA, a Hyperliquid-based perpetuals venue built around Ethena’s USDe stablecoin, is winding down all of its markets after processing more than $4 billion in cumulative trading volume. The shutdown begins Aug. 31 and runs through Sept. 2, with one market entering delisting pricing every hour. HyENA says positions will settle automatically and that users do not need to close them manually, while balances released from margin will return to spot accounts. A Three-Day Market Wind-Down The published plan covers 18 markets, spread evenly across three days. Each session starts at 10:00 UTC and ends at 15:00 UTC. The schedule is: Aug. 31: XPL, SUI, BNB, ADA, LINK and FARTCOIN. Sept. 1: XRP, DOGE, 1000PEPE, LTC, BASED and ZEC. Sept. 2: PUMP, ENA, SOL, HYPE, ETH and BTC. When a market reaches its slot, its mark price will converge toward the one-hour time-weighted average of the relevant oracle price before settlement. Trading then halts for that contract. The process is designed to give open positions a defined final mark rather than closing every market simultaneously. Why HyENA Is Closing HyENA was built by the Based team under Hyperliquid’s HIP-3 framework, which allows independent deployers to operate perpetual markets using HyperCore’s order books and margining infrastructure. Its distinguishing feature was USDe collateral that could continue earning rewards while supporting perpetual positions. The project launched while USDT, USDe and USDH were competing for a larger role in Hyperliquid’s stablecoin ecosystem. That landscape changed after Hyperliquid moved toward a deeper USDC alignment. Coinbase announced in May that it would become Hyperliquid’s official USDC treasury deployer and described USDC as the preferred stablecoin for the network’s on-chain capital markets. HyENA’s team said the shift made sense for Hyperliquid but reduced the room for its USDe-margin model. Withdrawals, Rewards and Points HyENA reported serving more than 12,000 traders, who earned close to 2.5 million USDe in margin rewards. It says no user funds are at risk during the wind-down, but withdrawals remain the key user action. HLPe depositors can claim their holdings at a 1:1 rate plus accrued rewards through Upshift. Requests carry a one-day redemption period and incur no wind-down fee. The final regular reward issuance was scheduled for Aug. 27, while the last affiliate payout is set for Sept. 9. HyENA Points are final following the conclusion of the Ethena Exchange Rewards program in June. They have no monetary value and will not receive a conversion or distribution. The team also says there is no HyENA token and no plan to launch one. What Comes Next The HyENA interface and wind-down resources are expected to remain available through at least Sept. 30, and the project’s Discord channel will stay open during the withdrawal period. USDe spot markets on Hyperliquid are separate from HyENA and are not included in the market delisting schedule.

Phantom has added support for HyperEVM tokens, bringing trading and transfers on Hyperliquid’s Ethereum-compatible network into the wallet. The rollout lets users swap assets within HyperEVM, move funds from several established networks into HYPE, and send or receive supported tokens without switching to a separate wallet. Trading and transfers arrive first The initial release focuses on core token activity rather than full access to the chain’s application ecosystem. Phantom users can exchange tokens on HyperEVM and transfer assets through the wallet’s mobile app and browser extension. The wallet also supports swaps from Solana, Ethereum, Base, and Sui into HYPE, the network’s native asset. HyperEVM is enabled by default in Phantom, although users can change which networks are active through the wallet’s settings. That approach makes the new network available to existing users while preserving an option to simplify the interface for people who do not use it. What users can do Swap between tokens on HyperEVM. Swap assets from Solana, Ethereum, Base, Polygon, and Sui into HYPE. Send and receive HyperEVM tokens in Phantom. Manage supported routes from the mobile app and browser extension. Where HyperEVM fits HyperEVM consists of EVM blocks built as part of Hyperliquid’s execution environment and inherits security from HyperBFT consensus. It is compatible with Ethereum-style applications and uses HYPE as its native gas token. Hyperliquid’s documentation lists chain ID 999 for mainnet and identifies https://rpc.hyperliquid.xyz/evm as the mainnet JSON-RPC endpoint. The network’s wallet appeal is closely tied to its relationship with Hyperliquid, a trading-focused blockchain ecosystem. Adding HyperEVM support gives Phantom users a familiar interface for holding and moving assets connected to that environment, while the cross-chain routes reduce the need to arrange a separate transfer before acquiring HYPE. What can users do today? Phantom’s initial HyperEVM integration is focused on token activity. Users can swap, send, and receive supported assets, but the launch does not include direct interaction with HyperEVM decentralized applications or smart-contract interfaces. Show supported actions Swap between supported tokens on HyperEVM. Swap assets from Solana, Ethereum, Base, Polygon, and Sui into HYPE. Send and receive HyperEVM tokens. Use the feature through Phantom’s mobile app and browser extension. Check before approving a transaction Cross-chain transfers require attention because the same asset name can appear on more than one network. HYPE is the native gas token on HyperEVM, while the available swap routes determine which assets can move into or out of the network. Quick transaction checklist I selected the correct destination network. I confirmed the token and amount. I have enough HYPE for HyperEVM gas fees. Supported routes and current limits Phantom’s route documentation lists outbound destinations including SOL, ETH, SUI, POL, USDC, USDT, and CASH, depending on the selected network. These are supported swap paths—not access to every token, application, or smart contract on HyperEVM. Why dapp support matters Token transfers let users hold and move assets. Dapp support would allow them to connect the wallet to decentralized exchanges, lending protocols, and other HyperEVM applications. Phantom has not confirmed a timetable for adding that broader functionality.

Pump.fun has added full support for HyperEVM to its mobile application, allowing users to trade tokens issued on Hyperliquid’s smart-contract layer against USDC. The company announced the rollout on August 26, describing the feature as live and pairing it with near-zero trading fees and referral rewards. The move extends Pump.fun beyond its identity as a Solana-based memecoin launchpad. It also places the platform closer to one of crypto’s most active on-chain trading ecosystems, where Hyperliquid’s core exchange infrastructure and EVM-compatible applications operate within the same broader network. A new route into HyperEVM markets HyperEVM is the Ethereum-compatible execution environment associated with Hyperliquid L1. It runs alongside HyperCore, the network’s native trading layer, allowing smart-contract applications and ERC-20-style tokens to exist beside the exchange’s spot and perpetual markets. For Pump.fun users, the practical change is a single mobile interface for accessing HyperEVM assets with USDC rather than navigating the network’s applications separately. The platform’s market pages already displayed at least one HyperEVM asset, EGG, as tradable through Pump.fun at the time of reporting. What the rollout includes Asset access: Users can buy and sell HyperEVM tokens through Pump.fun’s application. USDC trading: The available trading route is denominated against USDC, the dollar-linked stablecoin. Fees and referrals: Pump.fun describes transaction costs as close to zero and says users can receive rewards from referral activity. Phased deployment: Full integration followed an earlier period of partial HyperEVM support. Expansion comes with open questions The announcement does not publish an exact fee schedule or clarify whether the near-zero figure includes network gas charges. It also does not specify how many HyperEVM tokens are currently supported. Those details matter in memecoin markets, where frequent small trades can make execution costs and liquidity as important as the quoted token price. Independent reporting placed Hyperliquid’s decentralized-exchange volume at roughly $503 million over the latest 24-hour period tracked, with about $3.75 billion recorded over seven days. The figures underline the size of the market Pump.fun is targeting, but they do not measure activity generated by the new integration itself. What to watch next Pump.fun’s HyperEVM rollout is another step in the platform’s shift toward multi-chain trading. The next indicators will be the breadth of token coverage, the clarity of its fee disclosures and whether the mobile experience can attract sustained liquidity without compromising wallet and transaction reliability.

Validators are expected to vote on whether to delist VINE from the relevant HyperCore perpetual market at around 09:30 UTC on August 26. The public weekly-update notice says the review is based on stalequant’s methodology. The vote is still pending, so VINE’s delisting should not be treated as a confirmed outcome. The vote matters because Hyperliquid’s published delisting procedure includes automatic settlement of positions, cancellation of open orders and a ban on new orders after settlement if validators approve a delisting. What is happening with VINE on August 26? The current notice sets an approximate vote time of 09:30 UTC on August 26, 2026 . It identifies VINE as the asset under review and says validators will decide whether to delist it using stalequant’s methodology. Asset under review: VINE Expected vote date: August 26, 2026 Approximate time: 09:30 UTC Decision-maker: Hyperliquid validators Current status: Vote pending; delisting is not yet confirmed The notice does not establish the eventual vote result. Until the decision is made and the platform updates its market status, traders should avoid describing VINE as already delisted. What happens if validators approve the delisting? Hyperliquid’s official trading documentation says that validator-operated perpetual markets are settled if an asset is delisted . The settlement price is based on the one-hour time-weighted spot oracle price before the scheduled delisting voting time. The published procedure also states that all positions are settled and open orders are cancelled. After settlement, the market will not accept new orders. Existing perpetual positions are automatically settled. The settlement reference is the one-hour time-weighted spot oracle price before the scheduled vote time. Open orders are cancelled. New orders are not accepted after settlement. What should VINE traders do before the vote? Traders with open VINE-related positions should review their exposure before the scheduled vote. Hyperliquid’s documentation says users who want to avoid automatic settlement should close their positions beforehand. That does not predict the vote or guarantee a particular market outcome. It is a risk-management consideration based on the platform’s stated delisting procedure. Traders should also check the live interface for the latest market status, the exact contract involved and any platform notices before taking action. Why is the vote not the same as a confirmed delisting? A validator vote is a decision point, not proof that the asset will be removed. The public notice provides the planned timing and the review basis, but it does not publish a result in advance. It is therefore important to separate three stages: the announcement of a vote, the validators’ decision and the subsequent settlement process if the decision is to delist. No outcome, settlement price or post-vote trading status should be presented as final until it is published by Hyperliquid or visible in the platform’s current market information. What should Traders watch next? Traders should watch for an official platform update and verify whether the market remains active, enters settlement or stops accepting orders. Until that update appears, the accurate description is simple: HyperCore validators are scheduled to vote on whether to delist VINE on August 26, but the result has not yet been confirmed.