Hyperliquid’s native token has soared to an all-time high, riding a wave of investor enthusiasm and bullish on-chain signals as the platform’s long-awaited USDH stablecoin launch draws near. Summary HYPE has reached an all-time high of $59.39, up 6.65% on the 24-hour chart. DeFiLlama data ranks Hyperliquid as the 5th largest stablecoin network. Smart money…
Aster, a Hyperliquid-style decentralized perpetual exchange built on BNB Chain, saw its native token surge as much as 675% within hours of its debut on the platform. Summary Aster has listed its native token ASTER on its spot platform on Sep. 17. Since launch, the DEX has recorded more than $500 billion in trading volume,…
Stablecoin intermediaries in Australia have been allowed to distribute licensed stablecoins without having to hold a separate financial services license as per a “first-of-its-kind” special exemption granted by the Australian Securities and Investments Commission (ASIC). Summary ASIC has granted a first-of-its-kind exemption allowing Stablecoin intermediaries to distribute licensed stablecoins without separate licenses. Catena Digital’s AUDM…
Coinbase Payments has joined the Open Intents Framework to help standardize and simplify cross-chain asset transfers across Ethereum and its Layer 2 networks. Summary Coinbase joins over 30 contributors to advance permissionless, secure cross-chain operations. The Open Intents Framework enables developers to quickly build intent-based applications using its modular components like solvers, smart contracts, and…
Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Summary BDACS has launched KRW1, a new South Korean won-pegged stablecoin issued on the Avalanche blockchain. Each KRW1 token is fully backed 1:1 with won held in escrow at Woori Bank, with real-time proof-of-reserves integration. …
Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Summary Backed by short-term U.S. Treasuries and bank demand deposits, USDY accrues daily yield while maintaining liquidity, allowing individuals, small businesses, and institutions to earn…
Bitcoin price climbed back above $117,000 after the Federal Reserve announced its first interest rate cut of the year, sparking renewed optimism across risk assets. Summary Bitcoin trades at $117,476, up 0.9% in 24 hours, with volume jumping nearly 50%. Fed cut rates by 25 basis points to 4.00%–4.25%, its first reduction since Dec. 2024….
Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin…
NYSE-listed digital asset platform Bullish has secured the highly sought-after BitLicense from New York authorities and can now legally offer its services in one of the most stringent crypto markets. Summary Bullish has been granted a BitLicense and Money Transmission License by New York State regulators. This approval allows the firm to offer crypto trading…
The Securities and Exchange Commission has approved new generic listing standards for spot crypto exchange-traded funds, clearing the way for faster approvals. Summary SEC has greenlighted new generic listing standards for spot crypto ETFs. Rule change eliminates lengthy case-by-case approvals, aligning crypto ETFs with commodity funds. Grayscale’s Digital Large Cap Fund and Bitcoin ETF options…
