Pump.fun (@Pumpfun) has moved ahead of Polymarket (@Polymarket) in 7-day revenue, according to data compiled by DeFiLlama. The token launchpad generated more than $7 million over the past week, while Polymarket brought in nearly $6 million. The shift points to fresh interest in memecoins after the recent crypto market price rally.

Onchain investigators say Hyperliquid was hit by an apparent coordinated attempt to game Fartcoin (FARTCOIN) trading, leaving the protocol's liquidity vault with roughly $1.5 million in losses. Blockchain security firm PeckShield and onchain tracker Lookonchain said the activity was detected on April 9 and linked four wallets to what they believe is a single operator. PeckShield reported the actor built a Fartcoin long worth about $15 million, totaling 145.24 million tokens spread across four addresses. The position was then intentionally pushed into liquidation in a low-liquidity setup, a move PeckShield described as a "suicide" liquidation. That forced Hyperliquid's AutoDeleveraging (ADL) system to kick in and transfer the risk to the Hyperliquidity Provider (HLP) vault. Lookonchain said the four wallets recorded $3.02 million in combined liquidation losses, while suggesting the trader may have offset the loss with cross-venue hedges. Separately, two short-side traders, with addresses starting 0x06ce and 0x4196, were autodeleveraged by ADL and booked about $849,000 in combined gains. Evening Trader Group characterized the episode as whale-versus-whale positioning, claiming four newly created wallets funded in USDC moved in tandem and were liquidated within three hours after a 27% pump reversed into a roughly 30% drop. The incident comes amid sharp price swings in Fartcoin. The meme coin jumped to an intraday high of $0.25 yesterday, its strongest level since late January. Over the past 24 hours, it fell more than 13%, making it the biggest decliner among CoinGecko's top 300 cryptocurrencies. The token was trading around $0.17 at the time of writing.

Blockchain data shows a transfer of 252,525,046 USDT, valued at approximately $252,468,227, from an unidentified wallet to OKX.

April 9 — HuoXing Finance cited Hyperinsight data showing that within the last 10 minutes, the four largest short positions on Hyperliquid tied to address 0x4a2 fully closed at the same time, briefly lifting prices on the 15-minute chart. The total size closed was 15,000 ETH, valued at about $32.94 million, with an average exit price of $2,196. The trade generated an estimated profit of roughly $260,000. Address: 0x4a20b9496610941053858bd0b7e92493f44c3c26

Binance said it will delist six cryptocurrencies, issuing a formal delisting notice for the affected tokens.

April 8 marked the launch of Liquid Banking, a self-custodial onchain "bank" from Hyperbeat, Hyperliquid's native protocol. Built on HyperEVM, the product bundles stablecoin deposits, Visa card payments, perpetual trading, and multi-currency fiat on- and off-ramps into a single smart-wallet experience. Hyperbeat traces its roots to the first validator cohort on the Hyperliquid testnet. The team began with five members and self-funded roughly $200,000. Cofounders Kilian Boshoff (@Fundi_Crypto), who studied at Stellenbosch University in South Africa, and 800.HL (@degennQuant) have kept a low public profile; the entity is registered in the Cayman Islands. In August 2025, Hyperbeat completed a $5.2 million seed round co-led by ether.fi Ventures and Electric Capital, with Coinbase Ventures, Maelstrom, Anchorage Digital and others participating, valuing the company at about $40 million. Liquid Banking is powered by Morpho on the credit side. Hyperbeat positions Morpho as the "engine" and itself as the banking layer: Morpho supplies lending markets, while Hyperbeat handles the wallet, card flow, and user-facing orchestration. Integration is done through an onchain whitelist mechanism that connects Morpho to users' smart wallets. The headline feature is "Credit Mode." Users post assets such as BTC, ETH and HYPE as collateral. When a user swipes the Visa card, the system instantly borrows a stablecoin via Morpho Blue to complete the payment, while collateral stays onchain and can continue earning yield. In this design, the card swipe effectively becomes the lending action—users don't open a separate borrowing interface. Credit Mode currently spans six isolated markets, with collateral options including HYPE, UBTC, UETH, USOL and the gold-backed token XAUT. On the deposit side, stablecoin balances center on beatUSD, a native stablecoin co-issued with Paxos Labs. Paxos provides the stablecoin infrastructure (backed by USDG0). Hyperbeat says reserve earnings flow into its rewards program and are ultimately distributed to users rather than retained by the issuer. Deposits route through a USD+ vault that automatically allocates funds across protocols including Morpho, Hypuur, Hyperlend and Felix. The advertised annualized yield ranges from 3% to 8%, funded by interest paid by borrowers in Credit Mode. The model links spending to yield: more card usage increases borrowing demand, which can raise deposit returns. Sustainability, Hyperbeat notes, depends on real-world spending volume. Fiat rails are provided by Noah, supporting USD deposits via ACH and FedWire and EUR deposits via SEPA, with each account tied to a dedicated IBAN. Hyperbeat plans to add direct deposits and withdrawals for Vietnamese Dong and Malaysian Ringgit in March 2026. Withdrawals are also expected to be available in more than ten other currencies, including the British Pound, UAE Dirham and Thai Baht. The Visa card is issued by Third National, with infrastructure from Rain, a Visa Principal Member. Hyperbeat cites Rain's early-January 2026 financing valuation of $1.95 billion, annual transaction volume above $3 billion, and operations spanning 100+ countries. The card tier is Visa Signature, including perks such as airport lounge access. Fees and limits: foreign-currency transactions carry a 1% FX fee based on Visa's official exchange rate. There is no annual fee and no transaction fee. ATM cash withdrawals cost $1 plus 0.65%. The default monthly spending cap is $100,000. Borrowing costs in Credit Mode vary with Morpho market utilization. There is no interest-free period; interest starts accruing immediately with each "spend without selling crypto" transaction. Hyperbeat's "no hidden fees" messaging refers to transparency around yield strategies rather than card fee pricing. The convenience of spending without selling comes with a real-time borrowing cost that may not be low. Liquid Banking emphasizes self-custody. User assets remain in a ManagementAccount smart wallet under the user's control. Hyperbeat's backend holds only a restricted Operator role that can execute settlements within user-set limits and cannot move assets to unauthorized addresses. To address the timing gap between offchain card spending and onchain asset control, Hyperbeat adds contract-level safeguards. Settlement token withdrawals require an onchain timelock with a cooling period and confirmation. Collateral withdrawals require Operator approval to reduce bad-debt risk, and switching modes also involves a delay. Hyperbeat frames these frictions as deliberate design features, replacing "trust us" assurances with enforceable rules. The contracts have been audited by Zellic and Nethermind, and key management is provided by Turnkey. Users are responsible for monitoring their own health factor; there is no customer support layer that can reverse operational mistakes.

ChainCatcher reported, citing Hyperinsight data, that in the past 10 minutes the four largest short positions on Hyperliquid (0x4a2) were closed in a single transaction. The unwind totaled 15,000 ETH, worth about $32.94 million, at an average closing price of $2,196. The move briefly lifted ETH's price on the 15-minute chart and generated roughly $260,000 in profit.

Binance is rolling out prediction markets inside its mobile app through an integration with predict.fun on BNB Smart Chain. The feature lets users trade on real-world outcomes using existing balances from Binance Spot and Funding accounts, with transactions processed in a gasless flow. It runs on Binance's Keyless MPC wallet technology, designed to streamline on-chain access without seed-phrase handling or manual coverage of transaction fees.

Roughly $180 million worth of Avalanche (AVAX) has been transferred to Coinbase over the past six months, stoking concerns that steady exchange inflows could translate into sustained selling pressure. AVAX was last trading around $9.07, down 3.35% over the past 24 hours. Market participants say the price slide is only part of the picture, pointing to onchain activity that shows about $180 million in AVAX moved to Coinbase during the period. That total equals about 1.88% of AVAX's circulating supply, a pace of outflows some analysts view as a key reason the token has struggled to sustain upside momentum even as the broader crypto market has attempted to recover. Attention intensified after reports of a single transfer worth $104 million in AVAX sent to Coinbase in one transaction. Large deposits to centralized exchanges are often interpreted as positioning to sell, and the size of the move prompted immediate scrutiny across the community. One user questioned the scale of the transaction, writing, "They sent $104 million in a single transaction?" When others asked who was behind it, another account replied, "You know who," a response that added to speculation and continued discussion. Some commenters framed the data as part of a broader challenge for utility tokens in the current cycle. One community member argued that 2025–2026 has been tougher than 2019 for serious projects, attributing the shift to meme coins absorbing attention and capital while infrastructure-focused tokens fail to deliver the price performance retail investors expect. They added that holders who stayed in AVAX through the decline are now worse off than those who exited earlier. Tags: Crypto news