Schlagwort: crypto business

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HYPE price rises as Paxos taps Hyperliquid, Plume, and Aptos for the USDGO stablecoin

  • HYPE rises as USDGO launches on Hyperliquid, Plume, and Aptos.
  • Whale activity and token unlock drive short-term market momentum.
  • HYPE’s key support level lies at $28.98, while immediate resistance levels lie at $35.03 and $39.87.

Hyperliquid (HYPE) has seen a notable uptick in its trading performance, driven in part by the announcement that Paxos has selected the platform, alongside Plume and Aptos, as primary launch networks for its USDGO stablecoin.

At press time, the HYPE token was up 3.3% over the past 24 hours, outperforming the overall crypto market’s modest increase of 0.49%.

Paxos rolls out USDGO across key networks

According to a recent press release, Plume, Hyperliquid, and Aptos have been selected as the initial deployment networks for USDGO, reflecting their rapid growth and strategic relevance.

Plume, with over 280,000 active real-world asset holders and $645 million in RWA TVL, serves as a distribution hub for compliant liquidity.

Hyperliquid, on the other hand, will integrate USDGO into its perpetual trading and lending markets, enhancing collateral rails and yield-aligned trading opportunities.

Furthermore, Aptos will become the first network to deploy a Move-native OFT stablecoin, positioning enterprise-focused applications to leverage regulated, high-throughput liquidity.

Paxos’ USDGO stablecoin, an omnichain extension of its regulated USDG, is designed to provide fully backed, compliant liquidity across multiple blockchain networks.

Leveraging LayerZero’s omnichain-fungible token (OFT) standard, USDGO allows seamless cross-chain transfers while maintaining a 1:1 backing with cash, short-term US Treasuries, and cash equivalents.

Notably, the integration of USDGO across these networks is supported by the USDGO Portal, cross-chain APIs, and unified supply mechanics, enabling smooth swaps and reducing the risks associated with fragmented bridge mechanisms.

Early adoption within these specialised domains is expected to set the stage for broader multi-chain growth.

Whale activity and token unlock stir market dynamics

Hyperliquid has also been in the spotlight ahead of a significant HYPE token unlock valued at approximately $314–$316 million, representing about 2.66–3.6% of the total supply.

Scheduled for November 29, the cliff unlock is drawing attention across crypto communities, prompting discussion over potential sell pressure and market impact.

Despite this, whales are accumulating HYPE, which has bolstered investor confidence.

A prominent whale increased a $44.5 million ETH long, reflecting confidence in broader market conditions and the potential for leveraged gains to spill over into HYPE trading volumes.

HYPE price targets and outlook

Technical analysis highlights critical levels that HYPE traders should watch in the coming days.

For HYPE to maintain upward momentum, it must stay above $28.98, with the first major resistance at $35.03.

If HYPE breaks past $35.03, analysts note that it could rise toward $39.87, with a third resistance at $43.82.

Notably, options data suggest limited downside near $28, providing a degree of confidence ahead of the token unlock.

However, a failure to hold the $28.98 support, especially following the upcoming token unlock, may see prices dip to the next key support around $25.85.

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Altcoins today: Monad rallies 60%; PONKE and QUICK plunge on Binance delisting

  • Monad maintains a bullish momentum after a strong mainnet launch and ecosystem integrations.
  • Binance Futures will delist PONKE, SWELL, and QUICK on November 28.
  • The three altcoins brace for intensified volatility in the coming few sessions.

The digital currency market is performing relatively well on Tuesday, with the value of all cryptocurrencies testing the $3 trillion mark after 2% surge in the past 24 hours.

Meanwhile, analysts are now forecasting substantial rebounds after today’s US PPI indicated cooling inflation and chances of the Fed lowering interest rates during the December meeting.

This article evaluates three tokens that remained in the limelight over the past 24 hours.

New Monad steals the show

The Layer 1 Monad has been in the spotlight amid its highly anticipated mainnet and token release, which happened yesterday, on November 24.

Meanwhile, native token MON has surprised analysts and traders.

Experts had forecasted bearish performance for the new token, citing previous trends and broader market weakness.

Indeed, most projects suffer immense selling pressure after official launches as the community locks profits after giveaways/airdrops.

However, the story is different for MON. The alt saw a brief decline after launch, hitting an intraday low of $0.02252.

However, continued excitement as leading projects like PancakeSwap and Solana revived optimism on the project, catalysing notable bounce-backs overnight.

The asset is now exchanging hands at $0.03931 after an over 60% gain on the 24-hour timeframe.

MON’s daily trading volume has skyrocketed by more than 4,700% to $1.11 billion.

That signals robust interest in the $424 million market-cap project.

Though the L1 sector could appear saturated, Monad’s EVM-compatibility perks and transaction settlement of up to 10,000 TPS (transactions per second).

Indeed, this developer familiarity and massive throughput positioned MON as a technically promising new player in the Layer 1 landscape.

Binance to delist PONKE, QUICK, and SWELL contracts

While the Monad community buzzed with optimism, Binance Futures rattled the altcoin space with a crucial announcement.

The team took it to X to confirm removing perpetual contracts of PONKE, QUICK, and SWELL on Friday, November 28, adding:

“The contracts will be delisted after the settlement is complete.

As anticipated, the mentioned tokens turned bearish after the announcement.

The trio plunged by over 5% in the past day.

While they are displaying resilience, possibly due to prevailing improved broader sentiments, the next few sessions, until November 28, look poised for overwhelming volatility.

The team warned about intensified fluctuations, thinned liquidity, and increased liquidation risks during the final hour before the last settlement. They said:

Users are strongly advised to actively monitor and manage open positions during the final hour, as the period may be subject to heightened volatility and reduced liquidity.

Meanwhile, Binance has urged users with active positions to close them before the listing time, Friday at 09:00 UTC, or face automatic settlement.

Moreover, individuals will no longer open new positions on the three contracts starting November 28 at 08:30 UTC.

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Sui’s RWA adoption expands with R25 protocol tokens: a boost to SUI price?

  • Sui’s price rose 12% to trade above $1.50 as altcoins looked to bounce.
  • R25 Protocol deployed its real-world asset tokens on the Sui blockchain.
  • Decentralized finance and tokenization are key market segments for Sui network growth.

The price of Sui rose on Tuesday as altcoins mirrored slight gains for Bitcoin, with the SUI token hitting intraday highs of $1.56 amid a key network development.

On November 24, the R25 protocol and Sui announced the launch of two real-world asset-backed tokens on Sui. The SUI price, which hovered at lows of $1.36, broke higher amid the news.

As of November 25, 2025, this development has added to catalysts such as spot ETF enthusiasm and Fed rate cut optimism to help the token hold above $1.50.

With RWAs a huge trend across the market, could R25’s launch catalyze renewed investor interest in the Sui price?

R25 protocol launches RWA-supported tokens on Sui

The R25 protocol, a specialized platform for tokenizing institutional-grade financial instruments, has officially debuted on Sui. In particular, R25 has introduced two innovative tokens: rcUSD and rcUSDp.

As announced via a blog post, this launch marks a significant milestone in embedding regulated real-world assets into decentralized ecosystems. rcUSD is an RWA-supported token while rcUSDp is a  yield-bearing token.

The latter maintains a stable value pegged at 1 USD and represents a yield-generating stablecoin backed by a diversified portfolio of tokenized money market funds and compliant stablecoins.

Meanwhile, rcUSDp serves as a yield-bearing receipt token.

It’s created by staking rcUSD within the protocol, and holders earn dual rewards: passive income from the RWA portfolio’s interest-bearing instruments and additional incentives from Sui’s native staking mechanisms.

Launch could bolster Sui’s DeFi primitives, including lending pools and automated market makers.

“This is a major step in bridging traditional finance with blockchain infrastructure, opening secure new pathways for Asia’s massive amounts of institutional capital to flow onchain,” said Christian Thompson, managing director of the Sui Foundation. “We’re excited to start our work with R25 to support their mission to bring institutional-grade RWA yield tokens to the onchain economy.”

Sui and R25 integration: boost for SUI price?

Sui’s growth includes the bridging of traditional finance and DeFi.

Its total value locked in DeFi hit $4.3 billion in October. While it plummeted to under $2 billion amid the recent crypto market crash, market dynamics suggest fresh institutional capital flows could boost traction further.

Sui Price Chart
Sui price chart by TradingView

The network maturity goes beyond institutional access, with gaming and AI agents also a big part of the protocol’s growth.

In this case, the R25 protocol’s rollout may catalyse gains amid broader crypto headwinds.

RWA expansion means institutional inflows, network utility, and potentially token demand. Metrics such as TVL and stablecoin market cap growth will signal this growth.

Short-term, SUI price could eye $1.70, a key previous support level. If bullish momentum persists, the $2.00 and $2.22 will attract fresh bullish bets.

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Stellar price forecast: XLM could rally higher as TVL hits new ATH

Key takeaways

  • XLM is trading above $0.24 after adding 2% to its value in the last 24 hours.
  • The cryptocurrency eyes a breakout as the Stellar blockchain hits a new TVL all-time high.

Stellar’s TVL hits a new all-time high

XLM has performed positively over the last 24 hours, adding 2% to its value during that period. The coin is now trading above $0.24 after adding over 10% in the previous two days.

The positive performance comes as Stellar’s Total Value Locked (TVL) has hit a new all-time high. According to DefiLlama, XLM’s TVL has reached a new all-time high (ATH) of $169.30 million on Tuesday. 

The surge in TVL suggests a growing activity and interest in the Stellar ecosystem, with more users depositing and using assets on XLM-based protocols. 

Data obtained from CryptoQuant also supports the positive outlook for XLM, with its spot and futures markets indicating large whale orders and buy dominance. These indicators point to a potential rally in the near term. 

XLM eyes $0.28 in the near term

The XLM/USD 4-hour chart is bearish and efficient as Stellar Lumen has added over 2% to its value in the last 24 hours. The coin found support around the weekly support level at $0.221 on Friday, and has added over 10% to its value since then. 

XLM/USD 4H Chart

Currently, XLM is trading at $0.248, close to the 38.20% Fibonacci retracement level of  $0.256, a key resistance zone. 

If XLM surges past the $0.256 resistance level, it could rally higher towards the 50-day Exponential Moving Average (EMA) at $0.292 over the next few hours or days. 

The 4-hour RSI of 54 is above the neutral 50, indicating a growing bullish trend. For the recovery rally to be sustained, the RSI must continue towards the overbought region. Furthermore, the MACD exhibited a bullish crossover over the weekend, signaling a buy opportunity and reinforcing the bullish thesis.

However, if XLM faces a correction, the bearish trend could extend toward the weekly support level at $0.221.

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Grayscale launches first Dogecoin spot ETF in US

  • Grayscale has listed its Dogecoin spot ETF in the United States.
  • GDOG will trade on the NYSE Arca, and analysts expect $12 million in debut volume.
  • The ETF, which tracks the leading memecoin, is one of many expected in the coming days.

Cryptocurrency asset manager Grayscale has launched the first spot Dogecoin exchange-traded fund in the United States.

The spot ETF, which began trading on the NYSE Arca under the ticker ‘GDOG’ on November 24, 2025, marks another milestone in the crypto market – particularly for memecoins.

GDOG marks the next step as more ETFs come to the US market, says senior ETF analyst Eric Balchunas.

Dogecoin spot ETF enters the US market

Grayscale’s Dogecoin spot ETF, GDOG, is live for investors, who can now buy shares of the product via their brokerage accounts.

Structured under the Securities Act of 1933, GDOG is a spot exchange-traded fund that directly holds physical Dogecoin tokens in secure custody rather than relying on derivatives or futures contracts.

GDOG will closely track the real-time market price of DOGE.

This means investors have transparent and efficient exposure to Dogecoin, without the complexities of direct cryptocurrency ownership, such as managing private keys or navigating exchange risks.

As it looks to attract early inflows, Grayscale has implemented an aggressive fee structure. The sponsor fee is set at 0.35% annually.

However, it will be fully waived to 0% for the first three months or until the fund reaches $1 billion in assets under management, whichever comes first.

Grayscale’s fee waiver will end on February 24, 2026.

Crypto enthusiasts and analysts predict potential for GDOG to attract both retail and institutional players eyeing the top memecoin.

According to senior Bloomberg ETF analyst Eric Balchunas, the debut performance of GDOG could see a first-day volume of $12 million.

DOGE price and more spot crypto ETFs

The US saw its first spot crypto ETFs launch in 2024, with Bitcoin and Ethereum.

Over the past few months, this offering has increased with the rollout of multiple funds.

Notably, the flurry is expected to accelerate following the SEC’s new listing standard, and could see more added to ETFs on Solana, Hedera, XRP and Litecoin.

Balchunas says GDOG will soon be followed by more, including nearly 100 over the next six months.

The launch comes as Dogecoin trades at $0.14 amid broader market turmoil.

Despite macroeconomic pressures and sector-wide sell-offs, DOGE price could see a bounce to $0.20 and higher in the coming days.

As well as the ETF buzz, other catalysts for DOGE could be a memecoin rally, treasury company purchases and broader altcoin market resilience.

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