Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Bitwise seeks SEC approval for first-ever Hyperliquid (HYPE) ETF

  • Bitwise has submitted S1 for an ETF tracking HYPE.
  • It would be the first ETF tied to a perp DEX token.
  • Approval could see Hyperliquid exploding to new highs.

$15B asset manager Bitwise seems prepared for the next chapter of digital finance.

The company has filed with the US Securities & Exchange Commission for an exchange-traded fund (ETF) tracking Hyperliquid’s native coin, HYPE.

The S-1 application gained traction as a HYPE ETF would be the first of its kind, offering market players regulated access to a perpetual decentralized exchange token.

That signals the growing influence of DeFi and increasing pressure on Wall Street to expand cryptocurrency offerings beyond the top Bitcoin and Ethereum.

Understanding Hyperliquid

Hyperliquid is a decentralized platform designed specifically for DeFi undertakings.

While traditional blockchains often incorporate multiple use cases, Hyperliquid zeroes in on perpetual futures (perps) trading – a derivatives product that’s gaining remarkable attention in the cryptocurrency markets.

Notably, perps allow traders to speculate on future prices of assets without expiry dates.

That has made them attractive to institutions and experienced traders seeking heightened liquidity and flexibility.

Most importantly, Hyperliquid boasts a high-frequency infrastructure that handles the market with speed and efficiency.

This has seen the DEX create a sought-after niche in the blockchain industry.

Bitwise’s HYPE ETF application reflects confidence in the broader cryptography technology and Hyperliquid’s role in the future of decentralized finance (DeFi).

A exchange-traded fund approval would be a game-changer for US investors and the DEX.

Hyperliquid might boom to levels that the BitMEX co-founder predicted as institutional players join.

Pension funds, retail broker accounts, and hedge funds will have a regulated exposure to HYPE via a familiar product: the ETF.

Americans will gain frictionless access to a high-frequency decentralized asset, something that has been somewhat intimidating for non-crypto-native investors.

Everyday investors can use brokerage apps to buy into the altcoin’s exposure without the hurdles of creating wallets and exploring DEXs.

Challenges ahead

While the application stirred optimism, approval remains far from guaranteed.

The US SEC has taken a cautious approach to cryptocurrency ETFs, often citing concerns like investor protection, liquidity, and market manipulation.

Furthermore, Bitwise’s filing comes as the regulator delays its decision on multiple altcoin exchange-traded funds, including Pengu, Avalanche, and Sei.

Moreover, questions linger whether the SEC can endorse an ETF of an asset with a primary utility linked to high-risk perpetual trading.

The regulator will likely prioritize balancing investor safety and innovation when reviewing the application.

HYPE price action

The alt lost 0.2% in the past day to hover at $42.43.

HYPE has declined from its mid-September all-time highs of $58.

Meanwhile, its current outlook mirrors ongoing broader market declines.

Cryptocurrencies extended their downside yesterday after the US revised GDP data.

Bitcoin trades below $110,000 as cryptocurrencies follow September’s history of bearish performance.

The post Bitwise seeks SEC approval for first-ever Hyperliquid (HYPE) ETF appeared first on CoinJournal.

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World Liberty’s WLFI holds steady as Robinhood listing sparks interest

  • WLFI displays resilience amid broader market bloodbath.
  • Robinhood has listed the token today, boosting investor trust and visibility.
  • Cryptos struggle as September history unfolds.

The digital assets industry slumped on Thursday as Bitcoin dipped from above $112,000 to $110,700.

The global crypto market drifted further below the $4 trillion psychological mark after a 2.5% 24-hour dip to $3.81 trillion.

While altcoins appear to suffer the most, with many halting their bullish structures with double-digit declines, Trump-linked WLFI held steady.

World Liberty Financial’s token gained a modest 0.64% on its daily chart amid market-wide slumps.

The resilience comes after the DeFi project scored a Robinhood listing today.

The integration renewed interest among the crypto community as it translates to increased visibility to the retail audience.

Also, the compliant, commission-free trading platform adds credibility to WLFI, which remains tied to political developments.

The native token maintained stability following the listing updates and seems ready to lead the next leg up.

Robinhood boosts WLFI sentiments

Robinhood has gained a reputation as a leading trading platform for retailers, allowing individuals to access both cryptocurrencies and traditional stocks.

Most importantly, the platform prioritizes compliance, meaning it lists financial instruments after significant scrutiny.

Many believe digital tokens on Robinhood are legitimate, with impressive future potential.

Therefore, WLFI’s listing on the trading platform marks a key breakthrough for World Liberty Financial.

DeFi enthusiast Chence Alpha expects magnified liquidity as smart-money ventures into the token.

The move indicates growing recognition after the native token’s September 1 official debut.

Cryptocurrency enthusiasts love Robinhood for its user-friendliness and reduced entry barriers.

Even individuals who might have never interacted with decentralized exchanges (DEXs) can purchase WLFI tokens from the application.

Meanwhile, this development has likely cushioned WLFI against the prevailing broader market downturn.

Magnified exposure and easier entry could attract another wave of investors.

That will boost trading volumes and support price performances, essential factors as the alt eyes rebound to post-listing peaks above $0.30.

WLFI price outlook

The native coin outperformed markets today as it remained stable despite notable dips in the overall market.

WLFI trades at $0.2019 after a 0.64% increase on its daily chart.

The soaring daily volumes, currently above $500 million, signal reinvigorated optimism in the altcoin.

Nonetheless, the broader market outlook remains crucial for WLFI’s near-term trajectory.

Exchange listings trigger short-lived gains, and unless bulls amplify actions, corrections follow once the hype fades.

Bears dominate the cryptocurrency space, and the market might underperform in the coming sessions.

History shows September closes with losses, and that means sellers could have an upper hand as October approaches.

Experts view the current dips as a normal September rest before “Uptober” rallies.

Analyst Michael van de Poppe believes this is “the final correction before the big run” that could see altcoins surge up to 10x.

Bitcoin’s performance and potential swift recovery above $113,000 would support WLFI’s stability and catalyze the anticipated breakout past the $0.3 psychological mark.

The post World Liberty’s WLFI holds steady as Robinhood listing sparks interest appeared first on CoinJournal.

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Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high

  • Solana’s RWAs hit $671M, boosted by $150M from BlackRock’s BUILD fund.
  • RWA and stablecoin activity surges, signaling growing user and institutional adoption.
  • SOL trades at $214, holding $210 support; analysts eye potential move toward $250.

Solana continues to prove the power of utility-driven projects over hyped ones.

Its tokenized real-world assets (RWAs) have soared to a record $671 million, setting a new all-time high and cementing Solana’s status as a hot blockchain.

The BlackRock effect

The milestone comes after $150 million in new capital poured into Solana via BlackRock’s BUILD fund.

That confirms robust interest from institutional players.

Such breakthroughs indicate a key shift, with Solana’s low fees and speed now attracting massive on-chain transfers.

Indeed, BlackRock’s fund has ignited Solana’s RWA marketplace, as anticipated.

BUILD focuses on tokenizing traditional assets and money market funds.

Thus, the massive injection into the SOL network signals is a significant vote of confidence.

Besides boosting numbers, institutional inflows bring attention, credibility, and liquidity.

These factors are crucial for any project’s growth.

Solana’s ecosystem heats up

It is not only the project’s dollar value that’s soaring. Solana has exhibited a healthy ecosystem lately.

Its RWA transfer volume increased by roughly 23% to $12.19 billion in the past month.

Moreover, RWA holders jumped 17% to 77,982 wallets.

That confirms new participants joining the network as institutional players lead the charge.

Also, stablecoin transfer volume surged 26.23% in the last 30 days to $318.99 billion.

The $12.37 billion stablecoin market cap and 11.43 million holders affirm Solana’s position as a go-to platform for on-chain settlement.

Growing grassroots activity amid increasing institutional inflows indicates a healthy ecosystem flourishing on all fronts.

Solana sees activity from day-to-day users and wealthy financial institutions.

Solana’s institutional activity

The RWA breakthrough comes as institutional investors continue to transform Solana’s long-term narrative.

Galaxy Digital-linked Forward Industries holds SOL worth approximately $1.63 billion.

Also, Pantera Capital has invested over $1 billion, signaling trust in Solana’s long-term potential.

Moreover, Helius Capital added over 760K SOL tokens to its treasury, with plans to scale using a significant $335 million cash reserve.

SOL price outlook

Solana’s native token performed well in the past few sessions, rallying to $250 monthly highs.

However, the upside steam weakened, and bears seem to control the short-term trajectory.

SOL is trading at $214 after losing 8% and 2% the past week and day.

The altcoin’s underperformance is likely anticipated as prices cool down after the latest rally from around $150 in early August.

Also, the downward trajectory coincides with broader market dips.

Analysts remain bullish on Solana, citing bullish fundamental and technical factors.

The digital asset is holding the key support zone at $210.

Validating it could catalyze short-term gains toward the $250 target.

The post Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high appeared first on CoinJournal.

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Fluid price jumps 50% after Upbit listing: bulls target $10

  • Fluid price soared by more than 50% in 24 hours to hit highs of $9.33.
  • Technical strength and other catalysts may see bulls target a breakout above $10.
  • However, overbought conditions signal a potential pullback.

Fluid (FLUID) price spiked by more than 50% in 24 hours as Upbit, South Korea’s top cryptocurrency exchange, added trading support for the DeFi protocol’s native token.

The listing of the lending protocol’s token injected fresh momentum. It added to an upbeat sentiment that aligns with Fluid’s expansion to the Solana ecosystem.

Upbit listing sends Fluid (FLUID) price up 50%

Upbit is South Korea’s largest crypto exchange, and its move to list FLUID with trading pairs for Korean won, Bitcoin, and USDT triggered an immediate price rally.

Upbit, dominant in South Korea, often sees significant spikes in trading volume for new assets, and Fluid did not buck the trend.

The altcoin’s price jumped by more than 50% within hours, allowing bulls to retest bears’ resolve above the $9.00 mark.

It’s the first time the lending protocol has climbed to these levels since February 2025.

The altcoin traded around $8.20 at the time of writing.

Per CoinMarketCap, an initial trading volume surge for FLUID recorded an impressive 1,600% spike to over $34.5 million.

With South Korean traders, known for their aggressive buying strategies, flooding the buying zone, it’s no surprise liquidity is exploding.

Some notable tokens to record price and volume surges on Upbit listing include RedStone, Flock, Omni Network, and Treehouse.

Further price gains will extend Fluid’s gains as the community also cheers expansion to Solana. FLUID is live on Jupiter exchange, powered by Meteora.

The uptick in price comes as the total value locked/price ratio for Fluid shows a remarkable increase of over 185%.

What’s next for Fluid price? Bulls target breakout above $10

Gains across the board align with a surge in bullish calls for FLUID, which has a score of 89% on CoinMarketCap. This outlook reflects on the technical front.

The moving average convergence divergence indicator (MACD) signals a bullish crossover while the relative strength index hovers at 71.

On the 3-hour chart, FLUID is showing signs of a strong breakout after an extended period of consolidation and downward pressure.

The Bollinger Bands have widened sharply following a prolonged squeeze, a move that often points to heightened volatility ahead.

Based on the height of the previous consolidation range, the breakout projects a potential upside target in the $8.50–$9.00 area, with initial resistance expected near $7.50.

A confluence of these and other factors suggests further gains into the overbought territory.

FLUID chart by TradingView

Contingent on broader market sentiment, FLUID could break above $10 and target a 100% leg up towards $20.

The all-time high of $29.36 reached in 2021 remains a big target for buyers.

However, broader market weakness amid macroeconomic and regulatory headwinds might see bears seize on the opportunity.

Otherwise, key support levels remain around $5.10 and $3.40.

The post Fluid price jumps 50% after Upbit listing: bulls target $10 appeared first on CoinJournal.

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Web3 firm NTT Digital partners with EigenLayer to accelerate restaking adoption

  • The alliance aims to bring institutional-level efficiency to restaking.
  • The deal bridges web3 technology with the traditional enterprise infrastructure.
  • EIGEN price rebounded after the announcement.

The web3 branch of Japan’s telecom giant NTT Group has announced a strategic collaboration with EigenLayer’s infrastructure provider EigenCloud.

As part of this partnership, NTT Digital will run the data availability layer, EigenDA, as a validator, strengthening the ecosystem’s security and reliability.

The X post highlights NTT Digital’s broader goal of pushing the decentralized economy.

As an EigenDA validator, the web3 firm will directly participate in enriching the restaking sector, a feature that has seen massive traction among crypto enthusiasts looking to secure many platforms leveraging shared Ethereum trust.

Restaking ensures capital efficiency by enabling individuals to stake the same assets on the primary blockchain and other networks, consequently securing many networks concurrently.

Users can enjoy additional rewards for securing more protocols, though with amplified slashing risks.

Bolstering the restaking sector

EigenLayer’s restaking mechanism has been among the most-watched innovations within the Ethereum ecosystem in the past few months.

The model creates a shared security environment by allowing individuals to restake ETF to secure other blockchains.

Besides boosting security, EigenLayer’s restaking approach reduces the barriers for launching new protocols.

With NTT Digital as a validator, EigenLayer gets a reputational boost and additional infrastructure backing.

Such an environment could attract more developers and enterprises to explore EigenLayer’s capabilities as a network for creating dApps.

That will enhance demand for native EIGEN in the coming times.

NTT Digital brings its experience in running scalable, secure infrastructure that could be essential as EigenDA supports multiple applications.

Validator diversity translates to stable uptime, which is crucial in ensuring trust in restaking.

Working with enterprise players like NTT guarantees the EigenLayer community that the data availability layer will remain reliable even amid skyrocketed demand.

EIGEN’s growing demand

The altcoin plays a key role within the EigenLayer platform, aligning incentives.

Validators receive EIGEN as rewards.

Also, the token supports restaking activities and network upgrade governance.

Increasing adoptions means growing roles for EIGEN as an economic and decision-making instrument.

Success by NTT Digital as a validator could draw more corporates to the platform, boosting EIGEN’s demand further.

EIGEN price outlook

EigenLayer’s native token displayed recoveries following the news.

It trades at $1.78, up 2.5% on its daily chart after a notable rebound.

EIGEN has maintained impressive price actions in the past few sessions.

The coin gained nearly 20% and over 35% the past week and month.

Technical indicators suggest EIGEN could lead the next leg up in the broader crypto market.

The MACD and RSI on the daily timeframe show buyer presence.

Also, EIGEN boasts reliable support as it trades above the 50- and 100 Exponential Moving Averages.

The post Web3 firm NTT Digital partners with EigenLayer to accelerate restaking adoption appeared first on CoinJournal.