Crypto

Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income. DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%. The comparison positions the DeFi platform ahead of one of the […] The post Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row appeared first on CryptoSlate.

Tokenized private credit and other tokenized alternative funds continue to grow as the legacy financial system migrates onchain. Asset manager WisdomTree launched its Private Credit and Alternative Income Digital Fund (CRDT), a tokenized private credit vehicle, amid an uptick in firms expanding into the tokenized private credit niche and other tokenized real-world assets (RWAs).  The fund will include credit extended to private corporations, loans made to real estate investment trusts (REITs), which are funds that track baskets of commercial properties, and debt from business development corporations, which are investment companies that offer financing to other businesses, according to Friday’s announcement. CRDT is available to retail and institutional investors, expanding access to an asset class typically reserved for institutional and sophisticated investors. Read more

Bitcoin hash rate has climbed to a record 1.12B TH/s as difficulty has hit 136.04T. Analysts have seen resistance at $117,200–$119,000 tied to a CME gap and support at $108K–$112K. Ahead of the Sept. 17 Fed decision, miner reserves have reached a 50-day high; difficulty adjusts Sept. 18. The post Bitcoin Hash Rate Hits Record 1.12B TH/s as Network Difficulty Surges – Will BTC Break $117K? appeared first on Cryptonews.

Bitcoin rebounds to $115K as liquidations fuel gains. Analysts say a weekly close above $114K could open the path to $120K.

Tether has unveiled USAT, a new stablecoin product for the US market, according to a Sept. 12 statement. Alongside the announcement, the company confirmed that Bo Hines will become the CEO-designate for the USAT stablecoin. Hines described his appointment as an opportunity to reinforce America’s influence in global finance by launching a stablecoin rooted in […] The post Tether launches compliant USAT stablecoin under new leadership appeared first on CryptoSlate.

Polymarket prepares US return with CFTC relief, new funding and a valuation that could soar to $10B as prediction markets gain momentum. Blockchain-powered prediction market Polymarket is reportedly preparing a US launch that could value the company as high as $10 billion, highlighting the surge of investor interest in prediction markets and crypto ventures. Citing sources familiar with the conversation, Business Insider reported Friday that Polymarket is exploring re-entering the US while seeking new funding that could more than triple its June valuation of $1 billion. One investor valued the company at up to $10 billion, the report said. As Cointelegraph reported, Polymarket was raising a $200 million round in June led by Peter Thiel’s Founders Fund, an early backer of companies including OpenAI, Paxos and Palantir. Read more

Solid inflows into spot Bitcoin ETFs signal sustained demand from the bulls, increasing the likelihood of a break above the $117,500 resistance. Will altcoins follow? Key points: Bitcoin’s recovery remains on track, backed by solid demand from the spot Bitcoin ETF buyers. BNB, HYPE, and SOL are leading the altcoin charge higher, signaling solid buying by the bulls.  Read more

Tyler Winklevoss believes that Bitcoin will hit $1 million per coin in 10 years, just as the crypto entrepreneur's exchange goes public.

Since announcing its pivot to become a TON treasury company, its share price has fallen over 21% as enthusiasm for crypto treasury companies wanes. TON Strategy Company, previously known as Verb Technology Company, said on Friday it repurchased 250,000 shares of its common stock under its $250 million buyback agreement. According to the announcement, TON Strategy Company repurchased the shares at $8.32 each, below the treasury asset value of $12.18. The buyback comes just weeks after it revealed a $713 million reserve of Toncoin (TON) tokens on Aug. 21. TON Strategy says its buyback indicates “long-term confidence” in the TON ecosystem. The TON token is the native cryptocurrency of The Open Network, a project that started in 2018 and was initially conceived to bring blockchain to messaging service Telegram. The crypto token is ranked No. 22 overall in market capitalization, with its price is declining 40.7% year-to-date, according to Cointelegraph indexes. Read more

Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities. Shares of Gemini Space Station (GEMI), the digital asset exchange founded by Cameron and Tyler Winklevoss, surged in their market debut on Friday, signaling strong institutional appetite for crypto-related equities. Gemini shares briefly topped $40 on Friday, according to Yahoo Finance data, before retreating later in the session. By the afternoon, Gemini was trading near $35 a share, up 24% on the day, for a market cap of around $1.3 billion. The company priced its initial public offering at $28 per share late Thursday — well above its initial target range of $17 to $19, and even higher than the upwardly revised $24 to $26 range. Read more

The crypto exchange put an exclamation point on the busiest week for initial public offerings in the U.S. since 2021.

Cardano price prediction has strengthened with whales adding over 150M ADA in recent weeks and open interest climbing toward all-time highs. A falling wedge breakout suggests upside potential, though resistance near $1 and neutral indicators leave room for a retest before sustained recovery. The post Cardano Price Prediction: Falling Wedge Breakout + Whale Surge – ADA About to Have a Solana-Style Breakout appeared first on Cryptonews.

Ethereum’s near-100% surge has fueled a $1.7T altcoin market cap, now testing 2021 highs as Bitcoin trades mostly sideways.

Tether has unveiled USA₮ for the U.S., backing a dollar token with transparent reserves, issued via Anchorage Digital and supported by Cantor Fitzgerald, and has named Bo Hines CEO. Stablecoin compliance has been aligned with the GENIUS Act and the token will run on the Hadron platform. The post Tether Shakes Up Stablecoin Market, Unveils New U.S.-Based Rival ‘USAT’ appeared first on Cryptonews.

MYX Finance’s native token was the week’s largest gainer, with an over 1,100% gain. Worldcoin followed with over 90% gains. An unknown Hyperliquid trader has surpassed James Wynn, becoming the trading platform’s biggest losing whale, with more than $40 million in losses within a month, according to blockchain data.  Lookonchain revealed that the trader made high-leverage trades, with nearly $40 million loss on Hyperliquid (HYPE), after selling about 900,000 tokens before the asset rebounded.  The whale later lost another $35 million on an Ether (ETH) position. After that, he pivoted to a short position and then lost another $614,000. His Bitcoin (BTC) position is also underwater, with unrealized losses of nearly $2 million.  Read more

The Winklevoss-led crypto exchange had sold 15.2 million shares, raising $425 million.

CryptoQuant credits institutional accumulation and staking interest surging as Ethereum tops $4,600 for the first time in September.

Bitcoin climbs to $115,569 as Nasdaq-listed Mogu buys $20M in BTC, ETH, and SOL. Technicals point to an ascending triangle breakout toward $130K. The post Bitcoin Price Prediction: Nasdaq-Listed Chinese Fashion Giant Buys BTC – Wall Street About to Deploy Billions into Crypto appeared first on Cryptonews.

Solana hit $241 on Friday, the highest price seen since January, following Forward Industries' $1.65 billion institutional investment deal.

PolyMarket has integrated ChainLink Data Streams and Automation on Polygon, accelerating BTC and ETH market resolutions. U.S. clearance has followed via QCEX and a CFTC no-action letter. Chainlink has expanded with ICE, SBI, and Commerce and holds 62% oracle share per DeFiLlama. The post Chainlink Cements 62% Dominance After Inking Major Polymarket Deal to Supercharge Prediction Market Accuracy appeared first on Cryptonews.