Crypto News

Decentralized crypto exchange HyperLiquid distributed its native token, HYPE, spurring demand that saw the price jump to $4.18 from an initial $3.2 and lifting the fully diluted value (FDV) to $4.2 billionThere are 333 million of the planned 1 billion tokens in circulation after the airdrop, giving a market cap of around $1.4 billion. Trading volume topped $165 million during the first hour of trading.Of the total supply, 38.88% has been allocated to future emissions and community rewards and 23.8% is set aside for current and future core contributors.The token can be staked to secure HyperBFT, the proof-of-stake consensus algorithm that powers the platform. It can also be used to pay transaction fees and create decentralized finance (DeFi) applications.Users were...

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday.Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said."As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.A stablecoin is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.The catalyst for...

OKG Research’s forecast of $2.28 trillion in bitcoin inflows by 2025 underscores the asset’s growing importance in the global financial ecosystem. Bitcoin Can Hit Another Landmark in 2025 The cryptocurrency market is no stranger to bold predictions, and a new report by OKG Research, the research division of the Oko Cloud Chain Institute forecasts thatSource link

Hong Kong is proposing tax breaks for hedge funds, private equity funds, and wealthy individuals investing in cryptocurrencies. Hong Kong and Singapore Vie for Top Financial Hub Spot Hong Kong authorities have reportedly proposed exempting hedge funds, private equity funds, and wealthy individuals from paying taxes on gains from cryptocurrencies. The proposals, aimed at makingSource link

The exchange says it's bypassing venture capital entirely in what could be one of crypto's largest grassroots-based community airdrops.Source link