BNY Mellon CEO Robin Vince stated at the Digital Asset Summit that the next phase of the crypto industry will depend on large financial institutions, emphasizing the importance of tokenization and digital asset custody. He pointed out that trust and regulation are key to development and mentioned the progress of relevant regulations. Morgan Stanley's Amy Oldenburg believes that banks' entry into the crypto space stems from mature infrastructure development, rather than hype.

Gate News reports that on March 24, according to Onchain Lens monitoring, HighStakesCap further sold all 152,421 HYPE tokens, valued at approximately $5.82 million. In the past 24 hours, it has cumulatively sold 602,421 HYPE tokens, totaling about $22.938 million, with an average transaction price of approximately $38.08.

Gate News reported that on March 24, according to Onchain Lens monitoring, OG High Stakes Capital sold 150,000 HYPE tokens again, worth $5.67 million. Within the past 12 hours, the institution has cumulatively sold 450,000 HYPE, obtaining $17.12 million in USDC, at an average price of $38.05. Currently, the institution still holds 152,421 HYPE tokens, worth approximately $5.70 million.

Gate News, on March 23, according to Onchain Lens monitoring, High Stakes Capital sold 300,000 HYPE at an average price of $38.17 over the past 2 hours, with a total transaction amount reaching $11.45 million. The institution currently still holds 302,421 HYPE, valued at approximately $11.54 million, with cumulative profits exceeding $33.2 million.

Gate News reports that on March 23, Onchain Lens monitoring shows High Stakes Capital sold 300,000 HYPE at an average price of $38.17 per token over the past 2 hours, valued at approximately $11.45 million. The address currently still holds 302,421 HYPE (valued at approximately $11.54 million), with total profits exceeding $33.2 million.

Gate News bot message, Machi (@machibigbrother) deposited $250,000 USDC into HyperLiquid. According to the report, Machi increased his ETH long position with 25x leverage while opening new long positions in BTC with 40x leverage and HYPE with 10x leverage.

This week, major cryptocurrencies showed stable overall performance, with HYPE tokens gaining nearly 6% following Grayscale's ETF application. HYPE has accumulated gains of 56% year-to-date, with increased trading activity. Bitcoin, Ethereum, and XRP all posted modest gains, indicating increased investor demand for innovative products and decentralized platforms.

Gate News reports that on March 23rd, Onchain Lens monitoring showed that a whale address starting with 0xee0 withdrew 55,000 HYPE tokens from the Gate exchange, valued at approximately $2.1 million. The address currently holds a total of 194,557 HYPE tokens, with a total market value of about $7.44 million.

Gate News reported that on March 23, Grayscale has submitted an S-1 application to the US SEC, planning to launch the Grayscale HYPE ETF (ticker: GHYP). The fund aims to track the spot price of Hyperliquid (HYPE) tokens and is proposed to be listed on Nasdaq, with custody services provided by a certain CEX. The filing shows that the fund currently does not offer HYPE staking functionality, but has reserved the possibility of enabling staking in the future once certain conditions are met.

Gate News reported that on March 22, according to Onchain Lens monitoring, a certain whale created a new wallet "0x18e" and opened a 10x long position on 80,000 HYPE (approximately $3 million). The whale currently holds 10x HYPE long positions across 4 wallets totaling 739,000 HYPE (approximately $28.98 million) and holds 45,562 HYPE spot (approximately $1.79 million).