Since 2024, only 8 out of 113 crypto tokens with market caps over $100 million trade above their initial token generation event (TGE) prices, showing a median loss of 95.7%. Hyperliquid leads gains with a 1,519% return, driven by revenue from its perpetuals platform. Most tokens suffer from inflated debut valuations and selling pressure from scheduled unlocks, with notable drops like Worldcoin's 97% decline from its peak. The market now watches upcoming token unlocks to gauge supply absorption for new launches.
Hyperliquid's HYPE token price increased by 4.77% amid the launch of the HIP-4 upgrade, which introduces decentralized prediction markets allowing anyone staking 500,000 HYPE tokens to create wagers. This expansion aims to compete with platforms like...
Spot altcoin ETFs recorded limited inflows focused on XRP, Solana, and Hedera products, reflecting selective institutional interest amid a broader market slowdown. XRP and Solana ETFs saw net inflows of $2.49 million and $2.64 million respectively, d...
Bitcoin rose to about $65,500, its highest in two weeks, driven by a rebound in Asian semiconductor stocks and a broad risk rally. This recovery was supported by over $600 million in inflows into U.S. spot bitcoin ETFs over five days, marking strong ...
During the week of July 13-17, U.S.-listed ether spot ETFs attracted $105.44 million, surpassing bitcoin ETFs which saw $75.67 million in net inflows. Bitcoin ETFs recovered strongly after a $425 million outflow on Monday, driven mainly by Blackrock'...
Hyperliquid has launched its HIP-4 upgrade, allowing all users to create prediction markets with fully collateralized binary contracts based on real-world events like U.S. CPI and Bitcoin prices. This move aims to increase platform engagement and com...
