X @The Block

Cryptocurrency Market Trends - Hyperliquid's XPL pre-launch market experienced a 250% price spike due to whale activity, leading to liquidations and auto-deleveraging [1] - Bitcoin's notional perp open interest has surged to a two-year high, increasing the risk of long-side liquidations [1] Token & Protocol Developments - Avail Project acquired Arcana Network, with XAR tokens to be swapped for AVAIL at a 4:1 ratio [1] - Aave Labs launched Horizon, a platform for borrowing stablecoins against tokenized real-world assets [1] Regulatory Landscape & Investment - REX-Osprey has filed a registration statement with the SEC for a potential BNB staking ETF in the U S [1] - Metaplanet plans to raise 130 billion yen (approximately $880 million) and allocate ¥124 billion (approximately $837 million) to Bitcoin acquisitions [1]