Grayscale has transferred 696.821 Bitcoin (BTC) to Coinbase Prime, valued at approximately $69.48 million, according to Arkham monitoring. Meanwhile, the cryptocurrency market is witnessing notable activity around Hyperliquid's Hype token ($HYPE). Recent reports indicate that whales are actively buying $HYPE, with one address depositing $3 million in USDC to purchase 130,422 $HYPE, valued at $2.96 million, and another depositing $6.95 million in USDC to acquire 186,964 $HYPE, worth $4.24 million. The Hype token's market capitalization reportedly exceeds that of several major companies, including Vodafone and Tencent. Additionally, there was a significant withdrawal of 12,624 Ethereum (ETH), totaling $33.12 million, from exchanges within 24 hours, highlighting ongoing fluctuations in the cryptocurrency market.