Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The first signs of how validators are leaning in Hyperliquid’s hotly…

Polygon Fixes RPC Node Bug, Restoring Network Consensus

The Polygon Foundation, the organization that oversees development of the layer-2 scaling network in the Ethereum ecosystem, said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain. Polygon successfully executed a hard fork following the software bug that…

Bitcoin Bollinger Bands Set Up For Explosive Move

Key takeaways: Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls. Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds. A Bitcoin indicator used by traders to assess volatility has reached a critical turning point, suggesting that a significant price move may be underway. Crypto trader and analyst Matthew Hyland noted that Bitcoin’s…

StarkWare Announces 1MB Bitcoin Verification of Entire Block Header History

StarkWare, a company specializing in zero-knowledge (ZK) technology, a way of verifying information without revealing the specific contents of that information, said it created a ZK verification of the Bitcoin (BTC) blockchain that can run on mobile devices. The proof contains all the Bitcoin block headers from the genesis block until the present, but not…

Polygon Fixes RPC Node Bug, Restoring Network Consensus

The Polygon Foundation, the organization that oversees development of the layer-2 scaling network in the Ethereum ecosystem, said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain. Polygon successfully executed a hard fork following the software bug that…

Alabama State Senator Warns GENIUS Act Could Harm Small Banks

Keith Kelley, a Republican state senator representing Alabama’s 12th district, is sounding the alarm for the potential impact of the federal stablecoin bill, the GENIUS Act, two months after it was signed into law by US President Donald Trump. In a Wednesday op-ed for 1819 News, Kelley said there was a loophole in the GENIUS…

XRP Reserves Soar as Price Climbs Past $3

Key takeaways: XRP exchange reserves surged by 1.2 billion tokens in a single day, led by Binance’s 610 million inflow. Futures demand rose with CME open interest up 74%, but XRP underperformed peers despite the ETF optimism. XRP (XRP) witnessed one of its most dramatic shifts in exchange reserves this month. On Sept. 1, Binance,…

Weak PPI Leads To Bitcoin, Altcoin Rally

Key points: Bitcoin rallied above $114,000 on Wednesday as markets cheered the softer-than-expected inflation figures. Several major altcoins have broken above their overhead resistance levels, signaling the resumption of the up move.  Bitcoin (BTC) rallied above $114,000 after the August Producer Price Index (PPI) came in below consensus estimates. The softer-than-expected inflation figures and the…

Weak PPI Leads To Bitcoin, Altcoin Rally

Key points: Bitcoin rallied above $114,000 on Wednesday as markets cheered the softer-than-expected inflation figures. Several major altcoins have broken above their overhead resistance levels, signaling the resumption of the up move.  Bitcoin (BTC) rallied above $114,000 after the August Producer Price Index (PPI) came in below consensus estimates. The softer-than-expected inflation figures and the…

Ethereum Rare Mass Slashing Event Linked To Operator Issues

Ethereum experienced a rare slashing event on Wednesday, with 39 validators penalized, according to blockchain explorer Beaconcha.in. The validators were tied to the SSV Network, a distributed validator technology (DVT) protocol that decentralizes staking infrastructure by splitting validator keys across multiple operators. Despite the scale of the incident, SSV founder Alon Muroch emphasized that the…