Abraxas Capital, a London-based digital asset firm managing over $4 billion, purchased 16,554 ETH worth about $39 million while maintaining short positions totaling 120,178 ETH on the Hyperliquid decentralized futures exchange. This dual strategy allows Abraxas to hedge risks and earn funding rates by holding shorts that generate yield while accumulating Ethereum at spot prices. The firm’s short exposure on Hyperliquid has ranged from $598 million to $783 million across multiple assets, with Ethereum shorts consistently the largest portion. This approach positions Abraxas to profit whether Ethereum’s price rises or falls, balancing potential gains from spot holdings against profits from short positions and funding income.
Arthur Hayes, co-founder of BitMEX, forecasts Ethereum (ETH) could reach $10,000 by the end of 2026, implying a 300% gain from current levels. He also targets DeFi tokens Ethena (ENA) and Ether.fi (ETHFI) to rise over 200%. These bold predictions are...
In August 2026, Solana generated $143.23 million in application revenue, capturing 38.1% of the global blockchain app revenue, nearly doubling its July figure of $82.9 million. This surge was driven by a record 5.2 billion non-vote transactions, refl...
Ethereum's price recovered to around $2,408 after dipping to $2,370, showing a tentative rebound above the key $2,400 level. However, short-term momentum is weakening, with resistance near $2,430 and $2,500–$2,550 zones posing challenges. A daily or ...
Eightco Holdings (NASDAQ: ORBS) disclosed total holdings of approximately $380 million as of September 2, 2026, including $90 million in OpenAI equity, $18 million in Beast Industries, over 16,000 Ethereum tokens, and nearly 302 million Worldcoin (WL...
Ethereum (ETH) is trading around $2,404 after buyers defended a key long-term trendline, sparking a recovery that turned resistance into support. Despite this, technical indicators like MACD and RSI suggest growing bearish momentum and accelerating s...
