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  • Toymaker Hasbro Reimagines Most Iconic Board Games With Spider-Man-Themed Graphics and Gameplay

    Toymaker Hasbro Reimagines Most Iconic Board Games With Spider-Man-Themed Graphics and Gameplay

    If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission.

    Spider-Man: Brand New Day” is shaping up to be a big hit at the box office, challenging 2019’s “Avengers: Endgame” for the biggest North American movie opening of all time.

    Now, fans can also compete in a different type of challenge, with toymaker Hasbro re-releasing a number of its most popular board games with Spider-Man-themed gameplay. The releases include Spider-Man editions of games like Monopoly, Connect 4, Yahtzee and Chutes & Ladders. Even better: Amazon has put a number of the games on sale on the heels of the “Spider-Man: Brand New Day” release (note: prices were accurate as of this writing, but as with all Amazon deals, the discount could change at anytime).

    Here’s a look at some of the Spider-Man-themed board games available to buy online now.

    Amazon

    AMAZON EXCLUSIVE

    Hasbro Gaming Connect 4 Marvel Spider-Man Edition

    This Spider-Man edition of Connect 4 swaps the red and yellow discs of the original game for red and black discs, in a game of Peter Parker vs. Miles Morales. The game “board” is also rendered in a Spider-Man-inspired blue and red colorway. The first person to form a horizontal, vertical or diagonal line with four of their team’s tokens, wins.

    Amazon says more than 1,000 shoppers have picked up this Spider-Man version of Connect 4 in the last month alone, and it’s selling fast on the heels of the new film.

    AMAZON EXCLUSIVE

    Hasbro Gaming Chutes and Ladders: Marvel Spider-Man Edition

    This version of Chutes and Ladders lets you move around the gameboard as Spider-Man, White Tiger, Iron Spider, Power Man, Venom, Black Cat, Green Goblin or Rhino, with the ability to climb and slide your way to the finish line. Characters from the film franchise also line the board, which is framed by a blue spider web print.

    AMAZON EXCLUSIVE

    Hasbro Gaming Spidey and His Amazing Friends Yahtzee Jr.

    The classic dice game gets re-imagined for younger players and Spider-Man fans alike. In this version of Yahtzee, players shake up the dice and roll them try to match as many characters as they can. Characters include Spidey, Miles Morales and Ghost Spider, among others.

    Amazon says more than 2,000 people have purchased this game in the last few weeks, with almost 80% of shoppers giving it a full, five-star review online.

    POPULAR PICK

    Monopoly: Marvel Spider-Man

    The iconic buying and trading board game swaps collecting properties for capturing super villains as players move around the board as one of six characters from across the Spider-verse, including Peter Parker, Miles Morales and Ghost Spider.

    In this version of Monopoly, players can take the subway for shortcuts, grab the “Symbol of Great Responsibility” to unlock special abilities, and use Daily Bugle cards to find new gameplay options against opponents. Get this game on sale right now at Walmart.com.

    AMAZON EXCLUSIVE

    Monopoly Junior: Marvel Spidey and His Amazing Friends Edition

    Younger players, meantime, can pick up this Spider-Man edition of Monopoly Junior, with players competing as Spidey, Spider-Man, Ghost-Spider, or Ms. Marvel to protect their neighborhood.

    The game swaps properties with Marvel characters like Ant-Man, Doc Ock, Iron Man, Wasp and Hulk.

    FAN FAVORITE

    Marvel Guess Who? Board Game

    And Amazon has this Marvel edition of Guess Who?, with players competing to guess 24 of the most celebrated characters from Stan Lee’s superhero universe. Spider-Man is included, as is Captain America, Black Window and Black Panther, among others.

    Hasbro has long been a licensing partner for Marvel, which is owned by the Walt Disney Company. In addition to the Spider-Man-themed games above, Hasbro also recently released a Marvel Superheroes Commander Deck as part of Magic: The Gathering’s latest “Universes Beyond” set.

  • NY School District Shelves Plan to Spend $58K on Robot Teaching Assistant

    NY School District Shelves Plan to Spend $58K on Robot Teaching Assistant

    UPDATE 8/1: The school district has paused its pilot project with Realbotix following pushback from parents and teachers.

    The robot teacher plan is “on hold while we work through enhanced student data privacy agreements with the New York State Education Department and continue engaging with our community and stakeholders,” the Salamanca City Central School District said on Facebook.

    “Ensuring that appropriate privacy protections are in place and incorporating input from our community are important parts of the process,” it added.

    That came after the New York State United Teachers (NYSUT) took issue with Realbotix’s previous focus on adult AI and sex dolls. “A robot built by a company associated with sex dolls has no business in our classrooms,” NYSUT President Melinda Person said in a statement. “Our students don’t need robots. They need real relationships with caring adults.”


    Original Story 7/19:
    For better or worse, AI has wormed its way into America’s classrooms, and it will soon take the shape of a humanoid robot in New York.

    A robotic teaching assistant named “Sally” could be heading to classrooms in New York this fall. Sally is set to have a “lifelike appearance” with silicone skin and long brown hair, according to Andrew Kiguel, CEO of Realbotix, the start-up behind the new teaching assistant.

    In an interview with New York Focus, Kiguel said the robot will be stationary and seated but have a “wide range” of upper-body movements and facial expressions. Students will reportedly be able to talk to the robot to receive personalized learning support based on the data it stores about their progress, after identifying themselves with their unique student ID. 

    Fittingly, the robot will initially be used only in the school’s specialized AI and robotics course, but may be rolled out to other subjects later, depending on the success of the pilot. The course was designed by Apple co-founder Steve Wozniak to increase children’s interest in STEM. 

    Sally will make its debut at Salamanca High School, on the Allegany Indian Reservation, about 60 miles south of Buffalo, teaching juniors and seniors. The product is set to cost the district $57,590, according to the contract posted by the school board, New York Focus reports.

    Recommended by Our Editors

    Many residents of Salamanca, which has above-average levels of poverty, have expressed opposition to the new teacher. “We already have so many issues in our community, including environmental issues. I just don’t understand the concept of adding AI onto that,” one parent said. “Bringing it into the school district is contradicting everything we believe, in my opinion.” 

    In a statement, the school district said the robot will “never replace teachers, staff members, or meaningful human interaction” and that human teachers will “remain at the center of every learning experience.” In addition, the school confirmed the new robot will not store students’ personal data, send data back to its parent company, or record any video or audio. 

    The rollout of AI in schools remains hotly contested by some. The New Yorker reported earlier this year that grassroots lobbying groups are calling on New York City Mayor Zohran Mamdani to declare a two-year moratorium on the use of generative AI in NYC schools.

    About Our Expert

  • Gavin Newsom Reportedly Concerned About State Antitrust Suit Against Paramount-Warner Bros. Merger

    Gavin Newsom Reportedly Concerned About State Antitrust Suit Against Paramount-Warner Bros. Merger

    Governor Gavin Newsom is concerned about the antitrust lawsuit filed by 12 state attorneys general led by California against Paramount‘s $111 billion takeover of Warner Bros. Discovery, and what it will mean for the entertainment industry, according to The Wall Street Journal.

    In a Friday report, sources told the WSJ that Newsom has said if the merger is blocked due to the lawsuit, state employment will suffer. The outlet also notes that “Newsom’s office has encouraged Attorney General Rob Bonta’s office, which has independent authority to file such suits, to find a resolution out of court.”

    Reps for Newsom and Bonta declined the WSJ‘s requests for comment; The Hollywood Reporter also reached out to California’s governor for comment.

    On July 13, the states filed a lawsuit alleging that the merger would combine two of Hollywood’s top five studios, which would lead to higher prices, less movies in theaters and a decrease in the variety and quality of content. “There is no debate here: This merger will snuff out competition, drive up prices, diminish content quality, and produce fewer movies and shows each year,” said California Attorney General Rob Bonta at a press conference at the time.

    The filing of the suit led to a temporary pause on the merger, ruled by U.S. District Judge Araceli Martínez-Olguín on July 20; that temporary restraining order was subsequently extended on July 23. One day later, Paramount agreed to hold off on the acquisition until the court makes a decision of whether or not the deal violates antitrust laws.

    In a court document filed on July 24, Paramount said they will not consummate the acquisition until June 2027 or five days after the court issues a ruling on the case, whichever is earlier.

    Alongside California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington are involved in the suit.

    While organizations including Cinema United has shown support for the suit and actors Benedict Cumberbatch, Alan Cumming and Benedict Wong called on the U.K. to block the Paramount–Warner Bros. merger, Newsom is not the only democratic power player to reportedly push for a settlement.

    On Monday, Ari Emanuel, WME executive chairman and CEO of TKO, wrote an op-ed for the WSJ in support of Paramount’s acquisition of Warner Bros.

    “When government officials manipulate markets to reach political outcomes, antitrust stops protecting competition and starts threatening it,” Emanuel wrote. “The attorneys general should drop this case and get back to enforcing the laws as they are written. Let Hollywood creatives get back to trying to rip each other’s heads off at the box office, in streaming, online and everywhere else we compete. It’s what we’re best at.”

  • ‘Wonder Man’ Star Yahya Abdul-Mateen II Reacts to Marvel Series Cancellation: “See You at the Emmys”

    ‘Wonder Man’ Star Yahya Abdul-Mateen II Reacts to Marvel Series Cancellation: “See You at the Emmys”

    Marvel‘s Wonder Man star Yahya Abdul-Mateen II is speaking out after the Disney+ series was un-renewed.

    The streamer picked up the series for a second season in March before reversing course and canceling the renewal on Thursday. The decision came as a surprise after Wonder Man had a solid debut on Disney+ in late January, drawing 618 million minutes of viewing time during its premiere week, according to Nielsen’s streaming ratings. While the show fell out of the top 10 original streaming titles after that, it continued to earn positive reviews from critics and audiences. Abdul-Mateen also received an Emmy nomination for his performance of the title character.

    Following the cancellation, Abdul-Mateen took to Instagram to share his reaction.

    “Word just dropped that Wonder Man won’t be coming back,” he wrote in the caption. “That’s life, right? Everything will shake out.”

    The Candyman actor continued, “I wanted to say thank you to everybody who WATCHED the show, ENJOYED the show, and SHARED that they enjoyed the show in some way or other. The show worked. And that’s my favorite thing about it. I could see it on the faces of the Youtube Reactors (because I watched along with y’all this time. Shoutout to y’all) and I can see in the messages I get saying how the show reminded some of you not to give up, and I feel it in the genuine love shared when I bump into some of you all during the day. So, thinking of you all today. I’m glad we got to be a part of something cool.”

    He concluded his post: “Thank you for watching… And uhh… See you at the EMMYS.”

    Abdul-Mateen is nominated for best actor in a comedy series alongside Steve Carell (Rooster), Matthew Rhys (Widow’s Bay), Jason Segel (Shrinking) and Martin Short (Only Murders in the Building).

    Wonder Man co-creators Destin Daniel Cretton (Spider-Man: Brand New Day, Shang-Chi and the Legend of the Ten Rings) and Andrew Guest had also been set to return for a second season. They executive produce alongside Marvel Studios president Kevin Feige, Louis D’Esposito, Jonathan Schwartz and Brad Winderbaum, head of Marvel Television and Marvel Animation. Guest also served as showrunner, while Cretton directed several episodes.

    Ben Kingsley, X Mayo, Demetrius Grosse, Zlatko Burić, Arian Moayed, Olivia Thirlby, Dan Donohue and Kameron J. Meadows rounded out the cast.

  • Vincent Pastore, Who Played ‘Big Pussy’ on ‘The Sopranos’, Dies at 80

    Vincent Pastore, Who Played ‘Big Pussy’ on ‘The Sopranos’, Dies at 80

    Vincent Pastore, who is best known for playing Salvatore “Big Pussy” Bonpensiero on HBO’s “The Sopranos,” has died, according to TMZ. He was 80.

    Pastore was a key player on the first two seasons of “The Sopranos,” and helped deliver one of the mob drama’s most iconic moments. In the show, Big Pussy was part of Tony Soprano’s (James Galdofini) most trusted inner circle, until he started wearing a wire for the FBI. In the Season 2 finale, Tony, along with Silvio (Steven Van Zandt) and Paulie (Tony Sirico), makes the difficult decision to kill him off while out on a boat.

    Pastore was cast as a mobster many times throughout his career. He had small parts in early ‘90s crime dramas like “Carlito’s Way” and “Goodfellas.” He saw his stock rise with a pair of roles in the 1995 film “The Jerky Boys: The Movie” and HBO’s 1996 TV movie “Gotti.”

    His other film credits include “Shark Tale,” “Mickey Blue Eyes,” “Witness to the Mob,” “The Deli,” “Spinning Gold,” “Once Upon a Time in Brooklyn,” “Revolver,” “This Thing of Ours,” “Bachelor Party Vegas,” “A Brooklyn State of Mind” and many others.

    On the TV side, Pastore appeared on “New York Undercover,” “Law & Order,” “Bull,” “Son of the Beach,” “Queens Supreme,” “General Hospital” and “Pair of Kings.” He was also a contestant on several reality shows, including “Dancing With the Stars,” “Shark Tank“ and “Celebrity Family Feud.”

    Pastore also hosted “The Wise Guy” show on SiriusXM, which was a weekly three-hour broadcast during which Pastore would interview celebrities and other prominent figures from the Italian-American community.

    Pastore is survived by his daughter, Renee.

  • Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline

    Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline

    Digital Asset Acquisition Corp., the SPAC seeking to combine with the parent of regulated bank Old Glory Bank, postponed the shareholder vote on the deal to 10 a.m. Eastern Time on Aug. 14 from July 31.

    The original meeting date fell two days after the stated July 29 redemption deadline. DAAQ said in a July 31 filing that it would continue soliciting proxies but gave no reason for the delay.

    The postponement did not automatically reopen redemptions. DAAQ’s final prospectus says investors could withdraw a redemption request through the deadline and afterward only with the company’s consent before closing. The filing does not say whether DAAQ has approved any post-deadline withdrawals.

    Capital gap meets the cash test

    The parent company at the center of the deal is Old Glory Holding Company. The bank was below two distinct capital thresholds going into the vote window. The final prospectus said its Tier 1 leverage ratio remained below the ordinary 4% adequately capitalized threshold as of June 29, putting Old Glory in technical noncompliance with a merger-agreement covenant. Old Glory considered that noncompliance nonmaterial, according to the filing.

    A May 2024 consent order from the Federal Deposit Insurance Corp. and Oklahoma State Banking Department sets a much higher requirement. It requires a 14% Tier 1 leverage ratio while the order remains in effect, along with regulator-reviewed capital and business plans and prior consent for dividends and bonuses. Separately, prompt-corrective-action rules restrict growth, capital distributions, acquisitions, branches and new business lines while the bank is undercapitalized.

    The holding company’s consolidated financial disclosures say its capital is not expected to cover operating losses and minimum regulatory capital needs over the next 12 months, creating substantial doubt about its ability to continue as a going concern.

    Management identifies cash from the merger as a mitigation, but says closing depends on other parties and market conditions and is not assured. The warning is not a declaration that the bank is insolvent or about to close.

    The merger agreement requires at least $50 million of closing aggregate cash, calculated from trust cash remaining after redemptions, PIPE proceeds actually received, and proceeds to be received from other transaction financing. The party benefiting from the condition can waive it in a signed writing where lawful.

    DAAQ reported $178.58 million of trust securities and 17.25 million redeemable public shares as of March 31. That historical balance does not show what will be available at closing. The postponement filing disclosed neither the July redemption tally nor the remaining trust cash.

    The July 7 prospectus also said no PIPE or other transaction financing had been entered into or obtained. A June filing said DAAQ intended to negotiate non-redemption agreements, but the attached form identified no executed investor or committed share amount.

    Approval timing remains uncertain. As of the final prospectus, a Federal Reserve application was pending, and Nasdaq approval of the combined company’s initial listing remained a closing condition. The July 31 filing announced neither approval, though its silence does not establish their current status.

    DAAQ now has two more weeks to chase votes, while the deal’s cash picture remains murky. Investors need the redemption count and firm funding commitments to see whether it can clear the $50 million closing test, plus a fresh capital ratio to gauge Old Glory Bank’s shortfall.

  • CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: ‘Nothing Is 100%’

    CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: ‘Nothing Is 100%’

    In brief

    • CZ warned on X that even hardware wallets and long-established wallets can have bugs, suggesting holders split their funds across several wallets to mitigate risk while noting no setup is fully foolproof.
    • The warning follows a Coldcard exploit stemming from a March 2021 firmware build error that drew seeds from a software fallback instead of the hardware generator, making private keys far easier to guess.
    • Galaxy Research, mapping the fund flows from a pattern identified by Block engineers, now pegs losses at about 1,082.65 BTC (~$70.2 million) across 1,196 addresses—nearly double the original $38 million estimate.

    Binance founder Changpeng “CZ” Zhao is warning crypto owners not to place blind faith in hardware wallets, following an exploit that drained tens of millions of dollars in Bitcoin from Coldcard devices.

    In a Saturday post on X, Zhao cautioned that even hardware wallets can carry bugs, and that older wallets with long histories are not immune. “Nothing is 100%,” he posted.

    He suggested holders consider spreading their funds across several wallets as one way to reduce exposure, while acknowledging the approach carries its own trade-offs and that no setup is entirely foolproof. CZ closed with his familiar refrain urging users to stay informed and keep their funds safe: “Stay SAFU!”

    His comments followed the discovery of a flaw in Coldcard devices made by manufacturer Coinkite. As Decrypt reported, a build error caused seeds on affected units to be drawn from a software fallback rather than the device’s hardware random-number generator, leaving the private keys far easier to guess than intended. The problem traced back to firmware shipped in March 2021, and updating the firmware does not fix a seed already created on a compromised device.

    The scope of the theft has grown considerably since the first estimates. Early reporting pegged losses at roughly 594 BTC, or about $38 million, drained from around 500 wallets. According to a report from Galaxy Research, which mapped the flow of funds based on a pattern identified by engineers at Jack Dorsey’s Block, the toll is now put at 1,196 addresses drained for about 1,082.65 BTC, or roughly $70.2 million, in a 41-minute window on July 30. That is nearly double the initial figure.

    Galaxy said every sweep paid an identical hardcoded fee and left no change output, a signature it described as consistent with an automated tool spending keys it already held rather than owners moving their own funds. The victims spanned native SegWit and older address types, pointing to multi-path key scanning. The stolen Bitcoin was consolidated within minutes into a handful of addresses and, per Galaxy, has not moved since.

    Coinkite has shipped emergency hotfixes and urged exposed users to migrate to newly generated seeds.

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  • Michael Saylor Rejects Report of New Strategy Bitcoin Sale Approval

    Michael Saylor Rejects Report of New Strategy Bitcoin Sale Approval

    Saylor Pushes Back on Viral Bitcoin Sale Claim

    Strategy Executive Chairman Michael Saylor pushed back Aug. 1 on reports that Strategy Inc. (Nasdaq: MSTR) had newly authorized up to $5 billion in bitcoin sales. His response followed a widely circulated social media post that presented the company’s existing capital-management framework as a fresh decision, prompting concern about potential selling pressure.

    Saylor characterized the claim as recycled information and explained that the authorization was announced June 29 as part of the company’s Digital Credit Capital Framework. He reiterated that the program permits bitcoin sales for defined corporate purposes and that Strategy had announced no additional bitcoin sale authorization.

    Filing Shows How the Program Operates

    A July 6 filing with the U.S. Securities and Exchange Commission (SEC) recorded 3,588 bitcoin sold for $216 million between June 29 and July 5, following Strategy’s first bitcoin sale since 2022 of 32 $BTC to help fund preferred-stock dividend payments. It later issued $263.5 million in common stock without purchasing additional bitcoin, opting instead to increase cash reserves and liquidity. Those actions reflected the company’s broader effort to balance bitcoin holdings with funding requirements tied to its growing portfolio of preferred securities.

    In another X post on Aug. 1, Saylor clarified that Strategy announced the $BTC Monetization Program on June 29, 31 days before reporting its second-quarter results, rather than after posting a quarterly loss. He added that Strategy has never maintained a “never sell” policy, the program requires no bitcoin sales, and the company expects to remain a net buyer over time.

    Under the framework, management retains $1.25 billion in unused reserve-building capacity and may direct bitcoin sale proceeds toward dividends, interest, repurchases, taxes, fees, and transaction expenses. Analysts have argued that this flexibility could lower the risk of forced sales during periods of financial or market pressure.

    Investors Debate the Framework’s Shareholder Impact

    Market observers remain divided over the structure. Supporters view it as a way to preserve liquidity and meet obligations without relying on hurried bitcoin disposals, while critics warn that supporting STRC near its $100 target could place added costs on common shareholders through higher dividends or further asset sales.

    The June framework remains unchanged and authorizes sales only for specified corporate purposes. It has no fixed expiration date, and management may modify, suspend, or terminate it as market conditions, liquidity requirements, and corporate priorities change.

    Any sale outside the framework’s approved purposes or established limits would require additional authorization from the company’s board.

  • ‘It: Welcome to Derry’ Creator Says Season 2 Will ‘Not’ Shy Away From the ‘Horrible’ Cultural Themes of the 1930s: It’s the ‘Heart of Our Story’

    ‘It: Welcome to Derry’ Creator Says Season 2 Will ‘Not’ Shy Away From the ‘Horrible’ Cultural Themes of the 1930s: It’s the ‘Heart of Our Story’

    As horror fans eagerly await the next chapter in Pennywise’s (Bill Skarsgård) horrifying reign of terror, “It: Welcome to Derry” co-creator Andy Muschietti has shared some details on the current status of Season 2.

    “We’re very excited, we’re in the writers’ room right now,” Muschietti confirms to Variety.

    The new season will take place in 1935, centering around one of the interludes in Stephen King’s “It” novel — the Bradley Gang Massacre. As recalled in the book, a group of outlaws hides out in the town of Derry while fleeing the FBI, robbing and murdering store owners and causing all-around chaos. It takes place 27 years before the first season of “It: Welcome to Derry,” which follows the mystery surrounding a young boy gone missing amidst a Cold War military plot.

    “There’s gonna be a lot of that depression-era hustling in the air in our characters. Everybody’s trying to get by and survive the circumstances. They are gonna do crazy things,” Muschietti says. “And of course, the social, cultural, horrible things that were happening in the era, too. We’re not going to skip those. [They are the] very center and the heart of our story.”

    While “It” fans have become accustomed to the franchise’s focus on the horror that lurks underneath images of suburban comfort and kids riding bicycles, Muschietti says Season 2’s aesthetic will differ: “In this case, on the surface, Derry is a graveyard almost. It’s a carcass of something because people are depleted, poor, tired, jobless, homeless. The kids don’t have a suburban, comforting life. They’re in a very different situation. Some of them are orphans or runaways, and so the environment is pretty bleak. But there’s always the aspect of hope that is always there, burning, and it’s what keeps our new group going.”

    Going back another 27 years gives Muschietti and his creative team, including co-creators Barbara Muschietti and Jason Fuchs, more of a canvas to play with; after all, the ’30s interlude in King’s original novel doesn’t take up much of the overall story. But the family bloodline will help fans connect the different timelines.

    “There will always be the connection, there’s a family tree that appears,” Muschietti explains.

    Muschietti began exploring the world of Derry and Pennywise in the 2017 hit film “It” and its 2019 sequel “It: Chapter Two.” He previously told Variety of his three-season plan for “Welcome to Derry,” exploring the time periods of 1962, 1935 and 1908, respectively, with an interest in King’s interludes: “I realized there was a hidden story there, and that Stephen King was leaving crumbs that could guide us somewhere. It’s a story told backwards.”

    But the horror director and screenwriter still has his eyes set on adapting other King stories.

    “I cannot talk too much about it because some of them are [active] projects. One that I did touch that’s not a current project, but I would love to go back to at some point is ‘The Juant,’ which is a short story that blew my mind when I read it. I was 14 or something,” Muschietti says of the short story in King’s “Skeleton Crew” collection. “It just completely shattered me.”

    “It: Welcome to Derry” Season 1 is currently streaming on HBO Max.

  • All about Hyperliquid’s liquidation cascade threat below $52-zone

    Hyperliquid [$HYPE] is under pressure. At the time of writing, the decentralized exchange (DEX) token was down 9.1% in a week, and almost 20% down over the past 30 days.

    Some whales are now unstaking their $HYPE and depositing the tokens onto centralized exchanges. According to AMBCrypto’s findings, this unstaking behavior may be getting more common among both retail and institutional investors.

    With the price action leaning bearish, a descending channel can be seen on the price charts too.

    On the bright side, the exchange has been expanding its revenue streams. Traders are paying priority fees to improve queue positions. This focus on execution rather than just trading volume can strengthen the long-term business model.

    Even so, the shadow of institutional selling still looms over $HYPE. What will the upcoming price trends look like though?

    The big liquidation warning for Hyperliquid token

    Source: Base Case D on X

    Using the liquidation data of the past month for $HYPE, analyst Base Case D made the argument that a liquidation cascade might be around the corner.

    A big magnetic zone of long liquidations sat at $52.38. A minor drop could hit these long liquidations, forcing these positions to close, amplifying the sell pressure in the short term and possibly leading to a liquidation cascade.

    This meant that a cautious-to-bearish bias may be warranted in the short-term, the analyst concluded.

    Multi-timeframe analysis makes a long-term bull case for $HYPE

    A sharp flush from liquidations tends to follow the longer-term trend thereafter. And yet, the wider market sentiment, especially for Bitcoin [BTC], has been firmly bearish lately.

    Source: $HYPE/$USDT on TradingView

    The upward break above the swing high (green) hinted at a bullish swing structure continuation. The Fibonacci retracement levels plotted the potential bearish targets before the long-term uptrend can commence.

    As things stand, a drop to $32-$42 would not be a surprise.

    This, because the internal structure (dotted white) was beginning to turn bearish at press time.

    Source: $HYPE/$USDT on TradingView

    This shift was more evident on the 4-hour chart. Though the OBV appeared to be flat, the price has been falling lower. A two-month range formation, whose low was at $53.3, has been breached too.

    Hence, a deeper retracement towards $32 cannot be ruled out.

    Final Summary

    • Hyperliquid’s long-term trend was bullish, but a deep retracement may be a possibility in the coming weeks.
    • In the near-term, a price drop below the $52-magnetic zone could trigger a wave of forced selling.