Hyperliquid sees largest $11M liquidation during $526M market downturn

David Sacks, the crypto czar under former President Trump, announced that the markup for the crypto market structure bill is scheduled for January, indicating a significant step towards regulatory clarity in the cryptocurrency sector. However, the delay in legislation has raised concerns about prolonged regulatory uncertainty, which could hinder market stability and innovation.

Hyperliquid's price has fallen below $26, entering oversold territory, yet the bearish trend remains unbroken, raising concerns about a potential deeper correction towards lower support levels. This decline reflects ongoing pressures within the cryptocurrency market.

A recent report from CF Benchmarks forecasts that Bitcoin's price could reach as high as $2.95 million by 2035, driven by its increasing recognition as a store of value. This projection is based on market analysis that emphasizes Bitcoin's potential role in investment portfolios.

NEAR has officially launched on the Solana blockchain, enabling users to perform instant cross-chain swaps through NEAR Intents, which allows for deposits and withdrawals without gas fees or wallet setup. This development marks a significant step in enhancing interoperability within the cryptocurrency ecosystem.

Nansen has announced the introduction of joint venture protocols aimed at co-creating crypto infrastructure in 2026, addressing the evolving needs of the digital asset sector. This initiative is expected to foster collaboration among various stakeholders in the cryptocurrency ecosystem.

BNB payments have been integrated into AWS, allowing customers to pay for cloud services using BNB through the BPN network on the BNB Chain. This integration marks a significant advancement in the usability of BNB as a payment method in the cloud services sector.

Fetch.ai has launched an AI-to-AI payment system that allows personal AIs to autonomously conduct transactions using USDC, FET, and Visa, marking a significant advancement in the integration of artificial intelligence with cryptocurrency transactions.

KindlyMD's board has approved a share repurchase program aimed at enhancing financial flexibility and showcasing confidence in its Bitcoin operations. This strategic move is designed to stabilize the company's market position amid fluctuations in its share price.