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Metamask launches social login for easier self-custody wallet access

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Daily Bits
Aug 27, 2025
2 min read

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Daily top performer — Hyperliquid (HYPE)



The S&P 500 rose 0.41%, led by industrials and financials, as markets awaited Nvidia's earnings amid concerns about Fed independence. Gold held just below $3,400, supported by a weaker USD and Fed uncertainty after Trump attempted to fire Governor Lisa Cook. Rate cut bets and soft US data maintained safe-haven demand. The Coindesk Indices, which tracks the broader crypto market, rose 2.84%, with Bitcoin and Ether up 0.40% and 5.32%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is HYPE, up 12.9% after Hyperliquid became the second-largest spot BTC exchange with $3.4B in daily volume.

Hyperliquid (HYPE), launched in June 2023, is a decentralized perpetuals exchange built on a high-performance Layer 1 blockchain. It offers fast, low-cost perpetual futures trading with full on-chain transparency and performance comparable to centralized exchanges. Hyperliquid hit a new 24h spot volume ATH of $3.4B, driven by surging BTC and ETH activity. With $1.5B in BTC volume alone, it's now the second-largest venue for spot BTC trading across all exchanges.



Check out the latest prices, charts, and data of HYPEUSDT perp and HYPE/USDT spot contracts!



Talk of the town

MetaMask has introduced a new Social login feature that lets users create, back up, and restore wallets using their Google or Apple accounts, eliminating the need to manage a 12-word seed phrase. The SRP is still securely generated and stored under the hood, preserving self-custody—only the user's social account and password can recover the wallet. This makes wallet onboarding easier and more familiar without sacrificing control or security.



Bitcoin spot ETF flows

Category

Flow (millions)

GBTC

0.0

Non-GBTC

42.8

Total

42.8

Yesterday, BTC spot ETFs saw $42.8M in net inflows, entirely from non-GBTC funds, while GBTC remained flat.



Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!



Airdrop to watch

Quack AI is launching a Passport airdrop for Linea users holding at least 1,500 LXP. Backed by $3.6M, Quack AI is an AI-driven governance protocol. To claim: go to Quackipedia, chat once to receive your Passport, and earn more points by chatting daily (max 5/day). Airdrop section is live with a "coming soon" tag.

Grab Up to 5,100 USDT in Rewards

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