HYPE returned to the top of its month-long descending channel on August 4, reaching an intraday high of $56.01 before pulling back to around $54.58.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
Solana is considering two separate changes to how SOL enters and leaves circulation.
Kamino announced a new product called Kamino Institutional Yield, designed to connect capital held on Solana with credit markets outside crypto.
Cardano held onto its late-July recovery on August 3 despite weakness across the broader crypto market.
Strategy raised money from both its Bitcoin reserve and the capital markets during the latest reporting week.
Robinhood has cleared an important UK regulatory hurdle, but customers still cannot buy or sell cryptocurrency through the Robinhood UK app.
A cluster identified as a likely second wave of the Coldcard wallet attack moved 388.9 BTC, while some unconfirmed transactions still left affected users a brief chance to redirect their funds.
Bitcoin defended support near $62,100 on August 1, but the August 2 rebound faded around the 50-day SMA, leaving $63,600 resistance untested.
A Banca d’Italia experiment found that sending USDC between Italy and five other countries cost anywhere from 0.30% to 8.96%, depending largely on how users entered and exited the crypto market.
FTX’s fifth creditor distribution began reaching accounts on July 31, although early reports showed that payments were not appearing for everyone at the same time.
Bitcoin opened August below a key support band, while Santiment recorded its most bearish Bitcoin commentary ratio since modern tracking began.
HYPE slipped below $52.5 on August 1, keeping price inside its descending channel even after Hyperliquid moved permissionless HIP-4 deployments to testnet.
