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$HYPE Soars Past $46 After 24% Weekly Rally — Is a Breakout or Cool-Off Next?

Hyperliquid’s native token, $HYPE, just pulled off a staggering 24% rally this week, climbing from a low of $37.18 to a fresh all-time high of $46.22 before slightly cooling to $45.59. The surge reflects increased excitement around DeFi derivatives and Hyperliquid’s high-speed, gas-free Layer-1 chain: HyperBFT.

$HYPE

Backed by rising momentum, investor interest continues to pour in. With 333.92 million $HYPE in circulation and a market cap of $15.2 billion, liquidity runs deep—further boosted by $463.28 million in bridged TVL on the platform.

In June, institutional capital made a bold entry when Tony G Co-Investment Holdings deployed $438,000 into the token, becoming the first public company to add the token to its treasury. The move underscored growing confidence in its model and utility.

On-Chain Power + Influencer Backing

Hyperliquid’s success stems from its on-chain order books and CEX-like performance, setting it apart from traditional DeFi. Its validator model, requiring 10,000 $HYPE for staking, ensures security and alignment among participants.

Hype for altcoins began brewing in late May, fueled by Arthur Hayes‘ bullish price call and the endorsement of trader James Wynn, both of whom placed heavy bets on $HYPE. Hayes has since accumulated millions of tokens himself, intensifying the narrative for an incoming altseason.

Technical Analysis: $HYPE at a Decision Zone

The 4-hour chart shows a clean breakout after two weeks of sideways accumulation near the $37–$39 level. The parabolic move was ignited on July 9 after $HYPE pushed past resistance at $39.7, followed by a vertical move above $41.50.

Price is now battling resistance in the $46.50–$47 zone. While the RSI may soon enter overbought territory, the lack of any meaningful pullbacks during the rally shows aggressive buyer control.

Traders now eye two key scenarios:

  • Breakout: If $HYPE clears $47, the path to $50+ opens.
  • Pullback: A dip below $44.80 could lead to testing support at $42.50 or even $40.

With volume rising 3.79% in the last 24 hours, $HYPE’s next move could be decisive.

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$SSK Solana + Staking ETF Crosses $40M AUM in Days — What’s Driving the Surge?

The REX-Osprey Solana + Staking ETF ($SSK) has made an explosive debut, pulling in over $20 million in a single day, and pushing its total assets under management (AUM) to more than $40 million—just days after its launch.

solana

Launched on July 3, $SSK is the first U.S.-listed Solana ETF that directly holds and stakes SOL tokens. This unique model sets it apart from other crypto ETFs that merely track asset prices. With staking rewards of 7.3% annually, paid out monthly, $SSK offers both price exposure and yield, making it a highly attractive option for investors seeking passive income in crypto markets.

“A lot of green numbers = good,” summed up Eric Balchunas, Bloomberg’s senior ETF analyst, who predicted early success for the fund.

📈 Rapid Growth and Volume Milestones

  • On Day 1, $SSK had $1 million AUM and saw $33 million in trading volume
  • Within days, AUM jumped to $40M+
  • $20M was added in one day alone

This performance surpassed expectations and helped $SSK outpace rival funds like $SOLZ and start closing in on $SOLT, a 2x leveraged Solana ETF. Combined, the three Solana-focused ETFs have brought in around $80 million in the last month, doubling total inflows in the Solana ETF segment.

💹 Why Investors Are Flocking to $SSK

The appeal of $SSK lies in its:

  • Real Solana exposure (not futures or derivatives)
  • Staking yield of ~7.3% annually, paid monthly
  • Regulatory transparency as a U.S.-listed product
  • Rising institutional and retail confidence in Solana’s ecosystem

While still small compared to Bitcoin or Ethereum ETFs, $SSK’s early success signals a growing appetite for yield-bearing crypto investment products in regulated markets.

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PENGU Surges 25% After Game Announcement & Historic ETF Filing

PENGU, the native token of the Pudgy Penguins ecosystem, soared over 25% in the last 24 hours, hitting $0.01849, amid two landmark developments—a new ETF filing and the announcement of a Web3 mobile game.

pengu

A First-Ever PENGU NFT ETF?

On July 10, the U.S. Securities and Exchange Commission (SEC) officially acknowledged a spot ETF filing by Canary Capital Group for the Canary Spot PENGU ETF. If approved, it would be the first U.S. exchange-traded fund combining a memecoin and NFT exposure.

The proposed ETF will allocate:

  • Up to 95% tokens
  • A portion to Pudgy Penguins NFTs
  • Minor allocations in Solana and Ethereum for liquidity

This gives traditional market investors exposure to Web3-native assets without needing to directly hold crypto or NFTs. Additionally, the fund will actively manage NFT holdings based on rarity and visual traits, making it one of the most dynamic crypto ETFs ever proposed.

Although a listing venue hasn’t been confirmed, the recognition by the SEC already marks a regulatory milestone for memecoins and NFT-linked tokens.

🎮 Pudgy Party Game Launch: The Next Web3 Hit?

Adding fuel to the fire, Pudgy announced the upcoming launch of Pudgy Party, a mobile game built in collaboration with Mythical Games. The game will launch in August 2025 on the Mythos Chain—a Polkadot-based network that previously powered NFL Rivals, which has surpassed 6 million downloads.

The game will feature:

  • Casual party-style gameplay
  • Playable NFT avatars
  • On-chain rewards and leaderboard incentives

This positions Pudgy Party as a potential mainstream entry point for gamers into Web3, leveraging the IP’s massive brand appeal and blockchain infrastructure.

PENGU Price Reaction and Market Impact

Following the dual announcement:

  • PENGU price jumped to $0.01849
  • 24h trading volume rose 138% to surpass $486 million
  • Market cap crossed $1.16 billion

If the ETF is approved, token could become the first memecoin in a regulated financial product, signaling a significant leap for the integration of NFTs and meme assets into traditional finance.

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Ethereum Insane Price Analysis: 4 Key Signals Suggesting a Run Toward $4K

Our latest ETH price analysis explores four pivotal signals that could set ETH on a path toward the $4,000 level. Trading between $3,750 and $3,850, Ethereum is showing signs of both strength and caution. Here’s what to watch:

4 Critical Signals in Ethereum Price Analysis

  1. Spot ETF Anticipation Boosts Sentiment
    Institutional filings for spot ETH ETFs have intensified in recent weeks. Market sentiment is turning bullish as analysts expect approval might come sooner than anticipated.
  2. Staked ETH Continues Rising
    On-chain staking data shows an increase of ~2.5% in staked Ether over the past month. With more ETH locked up, circulating supply tightens—supportive for price appreciation.
  3. Cup-and-Handle Formation on Daily Chart
    Ethereum’s chart is displaying a classic cup-and-handle pattern, with the “handle” forming near $3,900. A breakout above $3,900–$3,920—especially with volume—could propel ETH toward $4,200.
  4. Macro & DeFi Environment
    DeFi activity on Ethereum is ticking higher, with aggregate TVL rising ~5% this week. At the same time, easing macro volatility and expectations of dovish central banks are improving risk appetite.

Quick Take:
This ethereum price analysis outlines a setup primed for upside: ETF optimism, rising staking, bullish chart structure, and supportive fundamentals. Watch the $3,900–$3,920 breakout zone—if ETH clears it with volume, a run to $4,000+ could follow. Failure to hold above $3,750 might lead to a test of $3,650 support.

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Insane ! Bitcoin Price Analysis: 4 Precision Signals Heralding a Move Toward $115K

Our latest Bitcoin price analysis weighs four key signals that could determine whether BTC stages a rally to $115K or holds its current level around $108K. Here’s the breakdown:

4 Precision Signals in Today’s Bitcoin Price Analysis

  1. Consecutive Spot ETF Inflows
    Major spot Bitcoin ETFs have now recorded 8 straight days of net inflows. Nearly $450 million entered this week alone—indicating growing institutional appetite and removing liquidity from exchanges.
  2. Chart Pattern: Bull Flag on 4H Timeframe
    BTC appears to be forming a classic bull-flag pattern on the 4‑hour chart. A breakout above the flag’s upper trendline (~$109K) with volume could signal a run toward the $112K–$115K zone.
  3. Miners Accumulating, Not Selling
    On-chain mining data shows net miner outflows slowing—many are opting to hold or move BTC into cold storage rather than selling. This supply reduction often precedes bullish phases.
  4. Global Macro Tailwinds
    Risk-on financial sentiment and a dovish Fed outlook are converging. Bitcoin is decoupling from equities and behaving more like a digital asset hedged against macro uncertainty.

Quick Take:
This bitcoin price analysis highlights a bullish setup: strong ETF demand, a brewing bull flag breakthrough, reduced miner selling, and favorable macro conditions. The key catalyst will be a breakout above $109K on strong volume. If confirmed, BTC could test the $115K level next. Conversely, a rejection might lead to consolidation or a dip back to the $105K support area.

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Tether Mint Today: Could $1B in USDT Spark the Next Bitcoin Rally?

It has sent ripples across crypto markets. Tether released 1 billion USDT into its treasury wallet on the Tron network early Tuesday. Meanwhile, Bitcoin is hovering near fresh highs—leading traders to ponder whether this mint is a precursor to renewed buying pressure.

4 Key Insights From Tether’s Latest USDT Mint

  1. USDT Sitting in Treasury—Ready to Flow
    All the newly minted USDT currently resides in it’s treasury wallet. Historically, similar large mints have preceded significant injections into exchanges or DeFi platforms—signaling potential market momentum.
  2. Tron Dominates Stablecoin Movements
    Tether’s Tron USDT circulation now exceeds $80 billion, driven by fast transactions and low fees. This on-chain footprint makes Tron a go-to for high-volume stablecoin activity.
  3. Inventory Replenishment vs. Market Signal
    It hasn’t officially commented, but large mints often serve two purposes: preparing liquidity buffers or directly supplying market outlets. Traders are split on whether this is prep work or a buy-side setup.
  4. Bitcoin Eyes Higher Ground
    When It minted $2 billion back in May, Bitcoin surged past $111,000 before settling. With BTC again pressing new highs, many market participants believe this $1 billion mint could cue a similar move—if the funds are deployed onto exchanges.

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BNB Burns Over $1 Billion in Tokens in Its 32nd Quarterly Burn – What It Means for Investors

The BNB Foundation has successfully executed its 32nd quarterly token burn, permanently removing more than 1.59 million BNB tokens—valued at approximately $1.02 billion—from circulation. Conducted on the Smart Chain (BSC), the burn involved both the platform’s Auto-Burn feature and the Pioneer Burn Program, as per the official statement released by Chain.

BNB

The Auto-Burn system is a supply-control mechanism that eliminates excess tokens each quarter by sending them to an irreversible “blackhole” address. This method supports long-term ecosystem health by increasing token scarcity, stabilizing price movements, and aligning with its roadmap of eventually reducing the total supply to 100 million token.

“The latest burn involved 1,595,470.69 BNB via Auto-Burn and 129.10 through Pioneer Burn,” the announcement noted.

At the time of the burn, it was trading around $670, with a daily trading volume of $1.77 billion and a market cap exceeding $93.5 billion. The deflationary action adds confidence to its value proposition as a key asset powering BSC, opBNB Layer 2, and Greenfield blockchain.

Recent upgrades like Lorentz and Maxwell have improved block production speeds, necessitating a slight adjustment in the Auto-Burn formula to reflect the enhanced chain efficiency.

New Horizons: BNB Treasury Company Eyes U.S. Stock Listing

In a parallel development, YZi Labs—a venture backed by Binance founder CZ—announced its support for the Treasury Company, which plans to go public in the United States. This move could give traditional investors regulated access to the ecosystem, potentially increasing its visibility and adoption.

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Fartcoin Falls 8% in Sharpest Daily Drop in Weeks, Market Cap Slips Below $1.1B

Fartcoin, the meme coin with a cult-like following, saw a sharp decline of over 8% in the past 24 hours, slipping to $1.09 on Tuesday afternoon. This marks its steepest single-day decline in nearly three weeks, erasing roughly $100 million from its total market capitalization and casting doubt on its year-long upward trajectory.

fartcoin

The dip in Fartcoin’s price comes in tandem with a broader cooldown across the crypto market, as Bitcoin and other large-cap assets experience a mild pullback. Now down nearly 28% from its late-June high of $1.51, Fartcoin finds itself flirting with psychological support at the $1.00 mark—a level that could dictate the token’s short-term direction.

According to CoinMarketCap, daily trading volume sits at approximately $238 million, consistent with last week’s average, while CoinGecko data shows an 8.9% slide. With 999.9 million tokens in circulation, Fartcoin’s live market cap stands at $1.09 billion, placing it as the 64th-largest cryptocurrency by market size.

Market sentiment is turning cautious. Chart analysts point to a descending trend line—first established in mid-June—that has repeatedly stifled every recovery attempt. “Trading just at the diagonal resistance, best place to trap breakout traders and early shorters,” noted AltCryptoGems in a fresh technical update.

Adding intrigue, on-chain data from Lookonchain revealed two wallets collectively spent $8.7 million in USDC to buy 7.2 million FARTCOIN on July 6, at an average price of $1.21. This may indicate that some large holders view the pullback as a buying opportunity.

Meanwhile, the Fartcoin development team confirmed that its long-awaited staking portal is set to enter public testing later this quarter. If successful, the move could reduce circulating supply and add new use cases for holders willing to lock tokens for passive income.

Still, derivatives markets are showing restraint. Open interest in perpetual futures has dropped by 12% since Friday, while funding rates on the largest trading pair remain flat, suggesting traders are taking a wait-and-see approach.

If Fartcoin loses the $1.00 support, technicians see the June swing low at $0.87 as the next key level. However, if price holds above $1.00, it keeps the medium-term trend intact—and any future exchange-listing news could reignite bullish momentum.

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Kraken and Backed Expand Tokenized xStocks to BNB Chain

Kraken, one of the leading cryptocurrency exchanges, is teaming up with tokenization platform Backed to bring xStocks—tokenized versions of popular U.S. equities—to the BNB Chain. This integration is expected to significantly broaden the reach of tokenized stocks, allowing global users to access familiar U.S. assets like Apple (AAPLx), Tesla (TSLAx), Nvidia (NVDAx), and the S&P 500 ETF (SPYx) as BEP-20 tokens.

xStocks

According to the official announcement, Kraken users will soon be able to deposit and withdraw xStocks on BNB Chain in the coming weeks, enabling seamless cross-chain movement of tokenized equities.

The decision to expand to BNB Chain—a blockchain network with over $10 billion in total value locked (TVL) and a vibrant Web3 ecosystem—comes down to scalability, speed, and affordability. BNB Chain’s low gas fees and high throughput make it an ideal network for widespread adoption of digital assets.

“The future of markets is multichain,” said Kraken’s co-CEO Arjun Sethi. “Tokenized equities like xStocks aren’t just digital representations—they’re components of a new financial framework that enables borderless, real-time settlement and integration with decentralized finance (DeFi) applications.”

Adam Levi, co-founder of Backed, emphasized that xStocks are designed to be neutral, public goods accessible to everyone—not locked behind traditional brokerage systems.

“We want xStocks to become what stablecoins are to fiat: liquid, usable, programmable assets that bridge TradFi and DeFi,” Levi noted.

This move aligns with BNB Chain’s broader goal of connecting traditional financial markets with decentralized protocols. Sarah S, Head of Business Development at BNB Chain, said, “Our partnership with Kraken and Backed reinforces our mission to bring high-quality financial products on-chain and empower users with open access to markets.”

The BNB Chain launch comes on the heels of Kraken’s earlier success with tokenized equities on the Solana blockchain, where it listed over 60 U.S. stocks. Bybit also recently integrated xStocks, bringing 10 tokenized equities to its own trading platform.

With cross-chain compatibility, major partnerships, and institutional backing, xStocks are poised to transform how global users interact with traditional equities—making them as agile and accessible as crypto assets.

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Ripple Partners With BNY Mellon to Custody RLUSD as Stablecoin Surpasses $500M Market Cap

Ripple just bagged a major ally in its mission to make RLUSD the go-to stablecoin for institutions—none other than Wall Street giant BNY Mellon. In a July 9 announcement, Ripple confirmed that BNY Mellon will act as the primary reserves custodian for RLUSD, a stablecoin tailored for enterprise-grade financial use cases.

RLUSD

This announcement comes as RLUSD hits a $500 million market cap—a clear signal that institutional interest is ramping up.

BNY Mellon, with more than $43 trillion in traditional assets under custody, brings heavyweight credibility and infrastructure to the table. The bank will also provide Ripple with access to its powerful transaction banking services to help streamline global payment operations.

Ripple’s SVP of Stablecoins, Jack McDonald, said RLUSD fills a critical void for institutions seeking a stable, transparent digital dollar alternative.

Adding a little intrigue to the mix: Sandie O’Connor, who sits on both Ripple’s and BNY Mellon’s boards, provides a direct governance connection between the two financial titans.

Ripple has been aggressively scaling RLUSD’s ecosystem. It recently partnered with Swiss crypto bank AMINA and OpenPayd to offer custody, trading, minting, and burning of RLUSD. The company has also applied for a national bank charter from the OCC—showing that Ripple’s ambitions aren’t stopping with just stablecoins.

After the BNY news, XRP saw a solid price jump, trading at $2.38—up nearly 4% in 24 hours.

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