PA Daily: Whale HYPE staking, Poolin files Chapter 11, and Stripe said to be in talks for OpenRouter
PANews’ July 24 daily roundup pulled together a wide set of crypto, macro, legal, and market developments, with whale activity around HYPE standing out across several on-chain updates. One large holder staked 2.785 million HYPE worth about $164 million through 20 wallets over 11 hours, while another whale moved 2.93 million HYPE, worth roughly $172 million, into Hyperliquid for staking. A separate entity also staked 1.49 million HYPE valued at around $88.2 million. PANews noted that one of the larger staking clusters may be tied to a16z, though that remains unconfirmed. Elsewhere, former bitcoin mining heavyweight Poolin filed for Chapter 11 bankruptcy protection in the U.S. and plans to sell its Texas mining assets for $52 million. BitMEX, on the same day it announced it would shut down operations on Sept. 23, was hit with a class-action lawsuit seeking 622.66 BTC in damages over alleged fraudulent liquidations. In corporate and funding news, Stripe is reportedly in talks to acquire AI model aggregation platform OpenRouter in a deal that could reach $10 billion, while AI chip startup Etched closed a $300 million Series C at a $10.3 billion post-money valuation. BlackRock, Coinbase and seven other firms also launched a Bitcoin security alliance with a three-year, $15 million funding commitment for open-source developers.







