BitcoinWorld Bybit and Byreal Celebrate bbSOL’s First Anniversary with Puzzle Hunt, Liquidity Rewards, and Enhanced DeFi Integration DUBAI, UAE, Sept. 8, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to celebrate the first anniversary of bbSOL , marking a significant milestone for the world’s first exchange-backed liquid staking token (LST) on the Solana blockchain and its remarkable growth within the ecosystem. Rewarding the bbSOL community, an exclusive multi-tiered rewards extravaganza across Bybit and Byreal starts today. The month-long campaign, starting now until October 5, 2025, features over 200,000 USDT in prizes and celebrates bbSOL’s achievement of reaching $400 million in total value locked (TVL) with 2 million SOL staked . With over 80,000 holders —and counting, bbSOL has become the gateway to the Bybit and Solana ecosystems with over 10 DeFi and CeFi integrations, securing its position among the top 10 projects on Solana. From the Bybit Puzzle Hunt to a Byreal incentive pool, participants can engage with bbSOL’s unique features while competing for substantial prizes. Highlights Bybit Puzzle Hunt – Users can grab a share of the 200,000 USDT prize pool by completing simple tasks to collect puzzle pieces bbSOL, memeified – From now until September 12, 2025, social media users can tag @Bybit_Web3 and @byreal_io with the magic hashtag #bbSOL1Year to submit their own meme; the top 10 contestants will earn airdrop rewards valued at $50 Byreal exclusive: bbSOL Incentive Pool – at least 2 bbSOL are distributed daily across liquidity providers, as a limited-time reward Launched in September 2024, bbSOL represents a breakthrough in liquid staking on Solana, allowing SOL holders to earn staking rewards while maintaining full trading flexibility. The token consistently trades at a premium to SOL, underlining its enhanced utility and value proposition within the Solana ecosystem. Designed for versatility, bbSOL’s innovative approach eliminates the traditional trade-off between earning staking rewards and maintaining liquidity, offering holders the best of both worlds. Its exceptional growth trajectory, validating market demand for sophisticated exchange-backed liquid staking solutions. In addition to access to Solana’s expanding DeFi landscape, bbSOL holders benefit from seamless integration across Bybit’s Unified Trading Account (UTA), enabling spot , futures, options, lending, and earn activities without requiring token sales. Byreal users can also swap SOL for bbSOL within seconds. Terms and conditions apply. To learn more, users main visit: Celebrating the 1st Birthday of bbSOL – Discover All Perks #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit and Byreal Celebrate bbSOL’s First Anniversary with Puzzle Hunt, Liquidity Rewards, and Enhanced DeFi Integration first appeared on BitcoinWorld and is written by chainwire

BitcoinWorld Massive Crypto Liquidations: $152M Wiped Out in 24 Hours, MYX Leads the Plunge The cryptocurrency market, known for its dynamic swings, recently witnessed a staggering event: over $152 million in crypto liquidations within just 24 hours. This sudden market movement has left many traders reeling and highlights the inherent volatility of digital asset trading. Understanding what drives these significant events is crucial for anyone involved in the crypto space. What Are Crypto Liquidations, and Why Do They Matter? At its core, a liquidation in the crypto world occurs when an exchange forcefully closes a trader’s leveraged position due to a sudden and substantial price movement against their trade. Traders use leverage to amplify their potential gains, but it also magnifies their risks. If the market moves unfavorably, the exchange closes the position to prevent the trader’s balance from falling below zero, effectively wiping out their collateral. These forced closures, or crypto liquidations , are a common feature of perpetual futures markets. They act as a critical mechanism to maintain market stability and prevent excessive risk-taking. However, when they happen on a large scale, they can create a cascading effect, pushing prices further in the direction of the initial move and trapping more traders. Who Led the Recent Wave of Crypto Liquidations? The latest data reveals a clear picture of the assets most affected by this dramatic market event. Here’s a breakdown of the largest perpetual futures liquidations by volume over the past 24 hours: MYX: $64.23 million – A significant portion, 82.38%, of these were short positions. This indicates that traders betting on a price decline for MYX were caught off guard by an unexpected upward movement or sideways consolidation. ETH: $48.97 million – Here, long positions accounted for 53.97%. This suggests that traders expecting Ethereum’s price to rise faced unexpected selling pressure, leading to their positions being closed out. BTC: $39.52 million – Bitcoin, the market leader, saw 56.2% of its liquidations come from short positions. Similar to MYX, this points to a squeeze on traders who were bearish on BTC’s immediate future. The dominance of MYX in these crypto liquidations is particularly noteworthy, signaling a specific event or trend impacting this particular asset that triggered a widespread unwinding of leveraged bets. Understanding Long vs. Short Liquidations: What Does It Mean? When we talk about long or short liquidations, we are referring to the direction of the trade that was closed. A ‘long’ position is a bet that an asset’s price will increase, while a ‘short’ position is a bet that its price will decrease. Therefore: Short liquidations occur when the price of an asset unexpectedly rises, forcing those who bet on a fall to close their positions. Long liquidations happen when the price of an asset unexpectedly drops, forcing those who bet on a rise to close their positions. The recent figures demonstrate a mixed bag, with MYX and BTC experiencing more short liquidations, while ETH saw more long liquidations. This diverse impact underscores the unpredictable nature of the market and the different pressures affecting various assets simultaneously. How Can Traders Navigate Volatile Periods and Avoid Crypto Liquidations? Navigating periods of high volatility requires a strategic approach. Here are some actionable insights to help mitigate the risk of forced crypto liquidations : Manage Leverage Wisely: While leverage can amplify gains, it dramatically increases risk. Use it cautiously and understand the liquidation price of your positions. Set Stop-Loss Orders: These orders automatically close your position if the price hits a predetermined level, limiting potential losses before a full liquidation occurs. Diversify Your Portfolio: Spreading investments across different assets can help reduce exposure to single-asset volatility. Stay Informed: Keep abreast of market news, economic indicators, and technical analysis to make more informed trading decisions. Ultimately, understanding the mechanisms behind crypto liquidations and implementing robust risk management strategies are paramount for long-term success in the crypto futures market. In conclusion, the recent $152 million in crypto liquidations serves as a potent reminder of the inherent risks and rewards in cryptocurrency trading. While such events can be daunting, they also offer valuable lessons in market dynamics and risk management. By staying informed and adopting disciplined trading practices, participants can better navigate these turbulent waters and potentially turn volatility into opportunity. Frequently Asked Questions (FAQs) What is a crypto liquidation? A crypto liquidation is the forced closure of a trader’s leveraged position by an exchange when the market moves against their trade, causing their margin balance to fall below a required threshold. Why did MYX have the highest crypto liquidations? MYX experienced the highest liquidations, predominantly from short positions, suggesting a significant price surge or an unexpected market move that caught bearish traders off guard. How do long and short liquidations differ? Long liquidations occur when the price drops, closing positions that bet on a rise. Short liquidations happen when the price rises, closing positions that bet on a fall. Can I prevent my crypto positions from being liquidated? While you cannot entirely prevent liquidations in extreme market conditions, you can mitigate the risk by using lower leverage, setting stop-loss orders, and maintaining sufficient margin in your account. What is the impact of large-scale crypto liquidations on the market? Large-scale liquidations can create a cascade effect, pushing prices further in the direction of the initial move, increasing volatility, and potentially leading to further liquidations across the market. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to help them understand the complexities of market liquidations and how to navigate them effectively! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Massive Crypto Liquidations: $152M Wiped Out in 24 Hours, MYX Leads the Plunge first appeared on BitcoinWorld and is written by Editorial Team

Despite the recent market fluctuations, Ethereum still stands as a popular choice among institutional investors and high-net-worth individuals, as large wallets continue to accumulate sizable amounts of ETH. However, these actions are typically signs of confidence in Ethereum’s fundamentals being on firmer ground, rather than speculation based on short-term price movements. Large buyers are positioning for what they see as a key phase of network growth through 2025, when broad ecosystem apps development and scaling could change the blockchain adoption landscape. The accumulation shows that investors believe in Ethereum’s future potential and that those who invest are taking a more balanced approach by putting their funds into smaller but promising projects like MAGACOIN FINANCE, which could lead to higher returns. Why Ethereum Remains the Altcoin King Ethereum has established the basis for tokenized assets, NFTs, decentralized finance, and a myriad of consumer-facing applications. The subsequent phases of its scaling roadmap are aimed at increasing throughput and reducing costs, making on-chain operations more cost-efficient and faster for everyday users. This is a crucial point, as more transactions continue to be processed by Layer 2 networks, Ethereum’s architecture ensures that value can still be returned to ETH. This is the key for long-term holders: more transactions, more seamless experiences, and an asset that benefits from protocol-level growth. In addition to increased utility, ETH should benefit from the narratives that drive institutional demand if tokenized real-world assets accelerate in adoption, consumer apps see an increase in users, and payments become more widespread. The Early-Stage Play Some investors wish to diversify into higher beta opportunities for maximum upside, and Ethereum provides stability and long-term upside capture. MAGACOIN FINANCE is among the most anticipated presale tokens in 2025. The project is being compared to the early breakout cycles of established altcoins like XRP. Meanwhile, the project has already raised over $13 million in record time. What makes MAGACOIN unique is its staged token supply, increasing community adoption, and milestones. Although access is restricted, analysts predict early backers will be able to get up to 50x returns. As allocations are capped at the token supply, access might be reserved for a small percentage of investors before the token shows up on major exchanges. Demand may exceed supply after that listing, achieving better returns for early investors. MAGACOIN FINANCE is a speculative but potentially groundbreaking addition for investors building upon an Ethereum core. The Importance of Whale Behavior Whales have always played a crucial role in the crypto market. They can accumulate in days of calm mood because they’re patient, are able to research, and have the ability to keep what they have at hand. Their activity does not foretell the price of cryptos in the next week but does tend to foretell macro cycles when adoption and valuation intersect again. Looking further forward to 2025, investors can expect to see Ethereum rollups mature, emerge high-impact use cases, and more institutional adoption. Meanwhile, whales are already betting on these features. Key Metrics to Watch for Ethereum’s Growth There are multiple on-chain signals that investors are closely tracking, including: The Layer 2 network daily active users Cash flows back to validators Growth of tokenized assets and real-world adoption These metrics act as proxies for stability and long-term revenue generating potential of Ethereum. As long as they continue to rise, ETH’s value proposition will only grow stronger. The Road Ahead Ethereum and MAGACOIN FINANCE are two very distinct positions in the crypto ecosystem, but they represent the dual strategies of today’s savviest investors. The reliable foundation is Ethereum, a network that has a track record of adoption, a scaling plan, and value capture mechanisms. However, if its initial momentum turns into long-term growth , MAGACOIN FINANCE is the high-upside play that has the potential to increase returns. Whales are still buying ETH while small investors rush to buy the limited allocation of MAGACOIN. In 2025, new areas of opportunity will open up as existing assets and new competitors fight for a place in the crypto ecosystem. Investors who want to build long-term portfolios may need to find a balance between core exposure and selective speculative bets. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance

Traders are looking for safer, more organized opportunities in the crypto market after recent changes to memecoins like PEPE. Today, the values of popular memecoins are very unstable; therefore, investors are looking for projects that have both utility and good financial mechanics. Increasing numbers of analysts are pointing out that Mutuum Finance (MUTM) at $0.035 is a well-structured DeFi platform that will give you consistent returns and be useful in the real world. This token will become an appropriate choice for speculative assets, with a target price of $3.85 to $4.00, which is a realistic 110x from pricing in early Phase 1. Meme coins have a hard time keeping their momentum, but Mutuum Finance (MUTM) will give both retail and institutional investors a reliable, growth-oriented chance. Crypto forecasts say that utility-based tokens like MUTM will do better than coins that are driven by excitement and volatility. Phase 6 presale has earned $15.5 million, and 35% of the 170 million tokens that were set aside have already been sold. More than 16,200 people are holding them. Investors will feel more confident because CertiK gave Token Scan a score of 95 and Skynet a score of 78. A $100,000 giveaway and a $50,000 USDT Bug Bounty program will keep making people feel safe and trust the system. In Phase 7, the price will go up by 15% to $0.040, which will make buyers want to buy tokens at the present lower price before the next milestone. Beta launch, roadmap, and mechanisms supporting 110x growth The beta launch that will happen at the same time as the token listing will let users directly access Mutuum Finance (MUTM)’s lending, borrowing, and stablecoin features, which will encourage early adoption and participation. Plan In phases 2 through 4, smart contracts will be finished, the DApp front-end will be finished, preparations will be made for exchange listings, the DApp will be able to work on more than one chain, and partnerships with institutions will be made. These steps will make sure that MUTM’s environment is strong, works well, and is ready for a lot of people to use it. The protocol’s mechanisms will make the high price target seem reasonable. Enhanced Collateral Efficiency (ECE) will let people borrow more money against stable assets. This will lead to more transactions and more fees. The Reserve Factor, which comes from borrower interest, will provide treasury assets that can be used to sustain staking and utility incentives. A strong oracle strategy that uses Chainlink feeds, fallback oracles, and aggregated data will give accurate prices and trustworthy liquidations, which will encourage more people to get involved. Expected listings on big exchanges like Binance, KuCoin, Coinbase, MEXC, and Kraken will make the coin more liquid, more popular, and more visible. The buy-and-distribute mechanism will also use platform revenue to buy back MUTM tokens from the open market and give them to stakers. This will provide a constant buy pressure that will help the price go up. At the current Phase 6 price of $0.035, early Phase 1 investors who traded BTC, ETH, and AVAX for MUTM at $0.01 will see 3.5 times their money back. A baseline of $0.06 will be set after the listing, and beta adoption, Layer-2 integration, and exchange exposure will push the realistic target up to $3.85–$4. With 35% of Phase 6 already sold and the price of Phase 7 about to go up, purchasers who want to take part in a utility-driven DeFi opportunity are feeling a lot of FOMO. When you look at crypto pricing and trends, you’ll see that Mutuum Finance (MUTM) has more potential for structural growth than memecoins. Native stablecoin and Layer-2 efficiency for fast dealings Mutuum Finance (MUTM) will have a decentralized stablecoin system that is only created when users borrow against ETH, SOL, or AVAX collateral and is burned when the loan is paid back or the collateral is sold. Governance-controlled interest rates will keep the $1 peg, and arbitrage mechanisms will keep prices stable. The Layer-2 integration will make borrowing and lending much easier by lowering fees and speeding up transactions. These characteristics will make MUTM different from other cryptocurrencies by giving lenders and borrowers a safe, predictable, and scalable framework. The protocol will offer P2C lending for bluechip assets and stablecoins, giving investors predictable APYs. P2P lending, on the other hand, will handle riskier tokens independently to keep the pool’s integrity. On-chain liquidity will make sure that liquidations happen without slippage. The system will be safe with LTV ratios of 75% for stable assets and 35–40% for volatile tokens, and liquidation thresholds between 80% and 65%. The reserve factor, which can be anywhere from 10% to 35%, will help keep the platform solvent while balancing safety and returns. Mutuum Finance (MUTM) @ $0.035 is a good option for investors who want to leave behind unstable tokens. It combines stablecoin innovation, Layer-2 efficiency, staking rewards, and regulated liquidity mechanisms. With Phase 7 price increases, beta acceptance, and major exchange listings coming up, MUTM is set up to offer a long-term, high-growth DeFi opportunity that might give early presale investors a realistic 110x return. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance The post PEPE drop sends traders to utility, DeFi sub-$0.50 targets 110x appeared first on Invezz

Sky’s USDH proposal offers Hyperliquid a customizable, natively multichain stablecoin and promises a platform yield of 4.85% on USDH holdings, plus a 4.75% convertible USDS yield and a $25 million

On September 9, COINOTAG reported that decentralized RWA trading platform MyStonks launched a new Cryptocurrency Contract section, initially listing BTC/USDT, BNB/USDT, DOGE/USDT, ETH/USDT, LTC/USDT, LINK/USDT, SOL/USDT, SUI/USDT, TRUMP/USDT, XRP/USDT, WLFI

People often say that Elon Musk’s tweets and public comments have something to do with Dogecoin’s (DOGE) amazing run. But since Musk isn’t saying anything, DOGE’s momentum is slowing down, and retail interest is starting to evaporate. The lesson is plain for many traders: enthusiasm alone can’t keep growth going for a long time, especially in a market where investors are always debating if crypto is a smart investment or just another hype cycle. Analysts are also looking at DeFi systems that have real dynamics that create lasting demand for tokens throughout this time. Mutuum Finance (MUTM) Mutuum Finance (MUTM) is one project that is getting a lot of attention right now. Its presale is in Phase 6 and costs $0.035. Some analysts are openly arguing about whether this structured, utility-driven initiative is the kind of crypto investment that can develop at an exponential rate, with some predicting a price near $2 in the future. That would be a 5600% increase from the presale price, which is a level of growth that DOGE can’t reach without its historic hype engine. The stats for Mutuum Finance (MUTM) show that it is gaining traction: it has raised more than $15.5 million, has over 16,200 holders, and 35% of the current phase has already sold out. The presale is moving quickly because Phase 7 will raise the price to $0.040, which means that anybody who waits will miss out on a 15% gain. CertiK’s audit findings, which include a Token Scan score of 95 and a Skynet score of 78, add to its legitimacy. The company also has a strong Twitter community with over 12,000 followers. Investors who got in early at $0.01 are already seeing 3.5x profits on paper. However, those who get in now at $0.035 are still in a good position because the plan sets up continual demand drivers. Why analysts see $2 as realistic for MUTM The story behind Mutuum Finance (MUTM) is based on usefulness, not hype. Dogecoin (DOGE) needs social media buzz to expand, whereas MUTM has built-in features that will keep people using it for a long time. Its interaction with Layer-2 infrastructure is a key feature because it will save a lot of money compared to busy Layer-1 chains. This efficiency should bring in more total value locked (TVL) as more people borrow and lend. Mutuum Finance (MUTM) will have a beta platform ready for users to borrow, lend, and use its stablecoin ecosystem when it launches. This means that the project will not launch as a promise but as a working product. This will give traders something useful right away and boost early token demand. The buy-and-distribute cycle makes MUTM’s business even stronger. The money made from borrowing and lending will be utilized to buy back tokens from the open market. This will create a constant buy pressure that raises demand and value. Meme tokens don’t have this kind of feedback loop; they just have speculative waves. The consistent interest rate model is another factor that will make the platform appealing to both institutional investors and borrowers who don’t want to take risks. Predictable charges are very important for getting more people to use the service, and this will keep people using it over time, even when the market goes up and down. For retail traders who are following the news about today’s crypto crisis, Mutuum Finance (MUTM) stands out as a safer and more profitable crypto investment than other volatile assets since it has built-in resilience. Analysts say that the $2 goal for Mutuum Finance (MUTM) is based on a number of factors that affect the price. likely listings on major exchanges, including Coinbase, Binance, KuCoin, and Kraken, are likely to lead to a 10x increase in the price. The project’s stablecoin mechanisms and mtToken staking loop will also encourage more activity, which will pave the way for 20–30x growth. The multiplier effect, along with the perpetual buyback system and treasury revenue compounding, puts $2 on a path that makes it possible, significantly exceeding DOGE’s restricted growth. Conclusion Retail investors already know what the difference is. People who got in during Phase 1 at $0.01 are up 3.5 times, but Phase 6 is still one of the last chances to get in before exchange listings make it harder. MUTM’s structure makes it more than just a hypothesis in the larger conversation about what makes a crypto investment successful. It is a system that is meant to help it grow. As DOGE slows down and people lose interest, Mutuum Finance (MUTM) is picking up speed. With presale phases ending rapidly and exchange listings coming up, investors are not questioning if the token will go up, but when it will hit its $2 goal. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance The post DOGE momentum slows post Musk calm, as analysts see $0.035 token at $2 appeared first on Invezz

BitcoinWorld US Spot Bitcoin ETFs Surge with Remarkable $364M Inflow Reversal The world of digital assets is buzzing with exciting news: US spot Bitcoin ETFs have made a remarkable comeback. After experiencing a brief period of outflows, these investment vehicles saw a substantial surge in capital, signaling renewed investor confidence and a potential shift in market sentiment. This reversal is a critical development for the broader cryptocurrency ecosystem. What’s Driving the US Spot Bitcoin ETFs Rebound? On September 8, US spot Bitcoin ETFs collectively recorded an impressive $364 million in total net inflows. This figure marks a significant turnaround, effectively reversing two consecutive days of outflows. The data, compiled by Trader T, highlights a strong appetite for Bitcoin exposure through regulated financial products. This influx of capital suggests that institutional and retail investors alike are once again actively seeking opportunities within the Bitcoin market. The consistent performance and increasing accessibility of these ETFs play a crucial role in attracting such significant investments. Which Funds Are Leading the Charge Among US Spot Bitcoin ETFs? Several key players in the ETF space were instrumental in this positive shift. Their individual contributions demonstrate a diverse interest across different providers. The leading funds included: Fidelity’s FBTC: Led the pack with a substantial $156 million in inflows. Ark Invest’s ARKB: Followed closely, attracting $89.47 million. Bitwise’s BITB: Saw positive flows of $42.71 million. BlackRock’s IBIT: Also contributed significantly with $25.52 million in new capital. These figures underscore the competitive yet growing landscape for US spot Bitcoin ETFs . Investors are clearly diversifying their exposure across various reputable providers, seeking the best options for their digital asset portfolios. Why Do These Inflows Matter for Bitcoin’s Future? The consistent net inflows into US spot Bitcoin ETFs carry profound implications for the future of Bitcoin and the wider crypto market. Firstly, they validate Bitcoin as a legitimate and increasingly accepted asset class within traditional finance. This institutional embrace can lead to greater stability and reduced volatility over time. Moreover, these inflows contribute to increased liquidity in the Bitcoin market. Higher liquidity generally means easier trading and less price manipulation, fostering a healthier and more robust market environment. It also signifies growing mainstream adoption, which is essential for Bitcoin’s long-term growth trajectory. Actionable Insights: What Should Investors Watch Next with US Spot Bitcoin ETFs? For investors keen on understanding the evolving crypto landscape, monitoring the flow data for US spot Bitcoin ETFs is paramount. These figures provide a real-time pulse of institutional and large-scale investor sentiment. Here are some key areas to observe: Sustained Inflows: Look for continued net inflows over several weeks, which would indicate a more entrenched positive trend rather than a one-off event. Regulatory Developments: Keep an eye on any new regulatory guidance or approvals that could further shape the environment for digital asset products. Market Performance: Observe how Bitcoin’s price reacts to these inflows, as well as broader economic indicators that might influence investor risk appetite. Understanding these dynamics helps in making informed decisions and anticipating market shifts. While past performance is not indicative of future results, a clear trend in ETF flows can offer valuable insights. The recent $364 million net inflow into US spot Bitcoin ETFs represents a powerful statement of renewed confidence in the digital asset space. This reversal of outflows, led by major players like Fidelity and Ark Invest, highlights Bitcoin’s growing appeal within traditional financial frameworks. As these ETFs continue to mature, they will undoubtedly play an increasingly pivotal role in shaping Bitcoin’s journey toward broader institutional and mainstream acceptance. The momentum is building, and the eyes of the financial world are firmly fixed on what comes next for these innovative investment products. Frequently Asked Questions (FAQs) What is a US spot Bitcoin ETF? A US spot Bitcoin ETF is an exchange-traded fund that directly holds Bitcoin. It allows investors to gain exposure to Bitcoin’s price movements without having to buy and store the cryptocurrency themselves, trading like a traditional stock on regulated exchanges. Which funds saw the largest inflows on September 8? On September 8, Fidelity’s FBTC led with $156 million in net inflows, followed by Ark Invest’s ARKB with $89.47 million, Bitwise’s BITB with $42.71 million, and BlackRock’s IBIT with $25.52 million. Why are these inflows important for the crypto market? These inflows are crucial because they signal increasing institutional and mainstream investor confidence in Bitcoin. They contribute to market liquidity, enhance Bitcoin’s legitimacy as an asset class, and can potentially lead to more stable price action and broader adoption. What are the potential challenges or risks associated with US spot Bitcoin ETFs? While offering benefits, US spot Bitcoin ETFs are still subject to market volatility inherent in cryptocurrencies. Regulatory changes, cybersecurity risks related to the underlying assets, and broader economic downturns can all impact their performance. Investors should conduct thorough research and understand these risks. If you found this article insightful, consider sharing it with your network! Stay informed about the latest trends in digital assets by following us on social media. To learn more about the latest explore our article on key developments shaping Bitcoin institutional adoption. This post US Spot Bitcoin ETFs Surge with Remarkable $364M Inflow Reversal first appeared on BitcoinWorld and is written by Editorial Team

LAB has developed a multi-chain transaction terminal and a series of auxiliary tools on top of the existing transaction terminal, making transactions faster, more flexible, and lower cost.

According to on-chain analyst Ai Auntie (@ai_9684xtpa) and reported by COINOTAG, former BitMEX CEO Arthur Hayes has cumulatively deployed approximately $15.412 million into ETH ecosystem tokens since August 10th, reflecting

Hashkey aims to launch Asia’s largest digital asset treasury fund, unlocking a new era of institutional finance converging with crypto through a perpetual, multi-currency ecosystem. Hashkey Aims to Bridge Finance and Crypto With Digital Asset Treasury Fund Hashkey Group, a digital asset financial services firm based in Hong Kong, announced on Sept. 8 that it

BlockBeats News, September 9th, BitMEX co-founder Arthur Hayes tweeted, stating, "The 2-year U.S. Treasury bond yield suggests that after the weak non-farm payroll data release, Powell may cut rates by 50 basis points. The sUSD yield has reached 7%, preparing to welcome trillions of dollars of money market funds seeking higher returns, with some of the funds flowing into DeFi for yield chasing. ENA is set to break $1.50, with the USDE supply exceeding $20 billion."Previously reported, at 8:00 on September 9th, Arthur Hayes bought 1.395 million ENA in the past 8 hours, worth $1.01 million, at an average price of $0.73.

BitcoinWorld Astounding ENA Purchase: Arthur Hayes Invests $1 Million The cryptocurrency world is buzzing with news of a significant move by a well-known figure. Arthur Hayes, the visionary co-founder of BitMEX, has just made a substantial ENA purchase , injecting over $1 million into the Ethena ecosystem. This isn’t just another transaction; it’s a statement that has caught the attention of investors and analysts alike. Understanding the Astounding ENA Purchase Details surrounding this major acquisition highlight its strategic nature. Reports from EmberCN confirm that Hayes acquired a staggering 1.395 million ENA tokens. This equates to approximately $1.01 million at the time of purchase. He executed this impressive ENA purchase through two prominent platforms: Binance and Flowdesk. The average price per token stood at a notable $0.73. Such a large-scale investment from a figure of Hayes’ stature often signals confidence in a project’s future. It prompts a closer look at the Ethena protocol and the potential trajectory of its native token, ENA. Who is Arthur Hayes and Why Does His ENA Purchase Matter? Arthur Hayes is not just any investor; he is a highly influential voice in the crypto space. As the co-founder and former CEO of BitMEX, one of the earliest and largest cryptocurrency derivatives exchanges, his insights and actions carry significant weight. His market commentary and investment decisions are closely watched by a global audience. Therefore, his recent ENA purchase is more than just a personal investment; it’s often interpreted as a bullish signal for the asset. Market Influence: Hayes’ public endorsements or investments can sway market sentiment. Strategic Acumen: Known for his deep understanding of market mechanics and macroeconomics. Early Adopter: Often identifies promising projects before they reach mainstream attention. What is the Ethena Protocol and Its ENA Token? To fully grasp the significance of Hayes’ investment, it’s essential to understand Ethena. The Ethena protocol is an innovative synthetic dollar protocol built on Ethereum. It aims to provide a censorship-resistant, scalable, and stable cryptocurrency solution. Its core offering is USDe, a synthetic dollar that maintains its peg through delta hedging staked Ethereum and Bitcoin. The ENA token, on the other hand, is the native governance token of the Ethena protocol. Holders of ENA can participate in the decentralized governance of the protocol. This includes voting on key decisions that shape its future development and operational parameters. A major ENA purchase by an influential figure like Hayes naturally brings more eyes to the protocol’s underlying technology and vision. Potential Implications of This Major ENA Purchase Hayes’ substantial investment could have several ripple effects across the crypto market, particularly for ENA. Firstly, it could generate increased interest and demand for the token. This heightened visibility might attract new investors who see his move as a vote of confidence. Secondly, it validates Ethena’s model in the eyes of many. An expert like Hayes putting significant capital into the project suggests he sees genuine value and potential for growth. However, it is crucial to remember that while influential endorsements can be positive, market dynamics are complex. Investors should always conduct their own research before making investment decisions. This ENA purchase serves as a strong indicator, but it doesn’t guarantee future performance. Arthur Hayes’ $1 million ENA purchase is undoubtedly a pivotal moment for the Ethena protocol and its community. It underscores the growing interest in innovative synthetic dollar solutions and the power of influential figures in the crypto landscape. As the market continues to evolve, keeping an eye on such strategic investments can offer valuable insights into emerging trends and potential future leaders in the decentralized finance space. Frequently Asked Questions (FAQs) About the ENA Purchase 1. Who is Arthur Hayes? Arthur Hayes is the co-founder and former CEO of BitMEX, a prominent cryptocurrency derivatives exchange. He is a highly influential figure in the crypto industry, known for his market insights and investment strategies. 2. What is ENA? ENA is the native governance token of the Ethena protocol. It allows holders to participate in the decentralized governance of the protocol, voting on important decisions related to its future. 3. What is the Ethena protocol? Ethena is a synthetic dollar protocol built on Ethereum. It provides USDe, a stablecoin that maintains its peg through delta hedging staked Ethereum and Bitcoin, offering a censorship-resistant and scalable solution. 4. Why is Arthur Hayes’ ENA purchase significant? His significant ENA purchase is seen as a strong vote of confidence in the Ethena protocol and its token. It often signals a bullish outlook from an influential expert, potentially attracting more attention and investment to ENA. 5. Where did Arthur Hayes acquire the ENA tokens? He acquired the 1.395 million ENA tokens through Binance and Flowdesk, at an average price of $0.73 per token. Did you find this analysis of Arthur Hayes’ significant ENA purchase insightful? Share this article with your network on social media to keep the conversation going and inform fellow crypto enthusiasts about this crucial market development! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethena price action. This post Astounding ENA Purchase: Arthur Hayes Invests $1 Million first appeared on BitcoinWorld and is written by Editorial Team

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Crypto traders remain cautious ahead of Thursday’s U.S. CPI report, with BTC trading flat above $111,600, and ETH at $4,298. The CD20 , a measure of the performance of the largest digital assets, is trading above 4,000, up 1.6%. The August Nonfarm Payrolls miss , just 22,000 jobs added versus expectations of 75,000, pushed futures higher and dragged 2-year Treasury yields to year-lows as markets priced in 72 bps of cuts this year. Yet crypto remains rangebound, diverging from broader risk sentiment. Options markets confirm the defensive stance. QCP Capital noted in its recent Asia Market Update that risk reversals are increasingly skewed toward puts, with short-dated implied vols elevated into CPI. Polymarket data backs this positioning: ETH carries a 70% chance of staying above $4,600 this month but only 13% odds of breaking $5,600. Traders are bracing for turbulence, not chasing upside. SOL is the outlier , with odds of a new all-time high before 2026 rising sharply, signaling improving breadth beneath the surface. In a note to CoinDesk, market maker Enflux argues that the SEC’s forward-looking rules for token sales and listings, combined with the steady march of institutions like Coinbase into major indices, show how deeply crypto is embedding into the system. This is the “split-screen reality” of 2025: speculation dominates headlines, while adoption rails are being laid in the background. The legitimacy narrative also played out in real time on Friday. Michael Saylor’s Strategy was left out of the S&P 500 despite meeting all criteria, while Robinhood was unexpectedly included instead, sending its stock up 7% and underscoring that crypto-adjacent firms with diversified business lines may reach blue-chip status faster than pure treasury plays. WLFI’s turmoil illustrates the speculative side of the split-screen. The protocol froze over 270 wallets, including Justin Sun’s, to “protect users” after phishing-related compromises. "On one side, speculative narratives like WLFI risk cannibalizing themselves through governance drama," Enflux wrote in its note. "On the other hand, institutional-grade infrastructure and regulation are solidifying at a pace that suggests the rails for mainstream adoption are being laid faster than most expect." Onchain data shows Sun’s transfers came hours after WLFI’s crash , which was instead driven by shorting and dumping across exchanges. Yet the freeze rattled whales and market makers – shocked that the free market of crypto could be broken by protocol governance fiat – with insiders asking: “If they can do it to Sun, who’s next?”. The takeaway: near-term volatility and governance drama may cap upside, but the deeper story is that crypto’s institutional and regulatory foundations are hardening. "Structural legitimacy, not speculation, remains the real story of 2025," Enflux continued. For traders, that means bracing for CPI noise; for investors, it means the legitimacy story continues to build. Market Movement: BTC: Bitcoin is holding steady above $111K, with support from consolidation near key resistance levels and solid on‑chain support zones. Analysts suggest this stability could pave the way for a breakout, though some caution about a possible pullback toward $100K exists ETH: Ethereum’s price has eased slightly intraday, trading around $4.3K. This movement may reflect broader crypto market dynamics, including relatively subdued demand and positioning around current technical levels. Gold: Gold has surged to fresh record highs, recently hitting ~$3,636/oz, as expectations of U.S. interest rate cuts rise amid weak labor data, a soft U.S. dollar, geopolitical concerns, and continued central bank demand. Nikkei 225: Japan’s Nikkei 225 rose 0.9% to a record high and the Topix gained 0.52% as investors bet a new LDP leader could deliver fresh fiscal stimulus following Prime Minister Shigeru Ishiba’s resignation. S&P 500: U.S. stocks edged higher Monday, with the S&P 500 up 0.2%, as investors awaited inflation data to gauge the likelihood of a jumbo Fed rate cut next week. Elsewhere in Crypto Upbit Parent Files ‘GIWA’ Trademarks Amid Rumors of New Blockchain Launch ( CoinDesk ) How Trump Came Around to Crypto and What Crypto Wants in Return ( Bloomberg ) Kalshi’s $875 million in August trading volume, recent funding signal rising competition with Polymarket ( The Block )

Sapien crypto (SAPIEN) surged after exchange listings and locked supply, delivering near-term bullish momentum but showing short-term pullback risk as indicators (Stochastic RSI) and a dense liquidity cluster near $0.25

COINOTAG News (September 9) reports that on-chain analyst Ai Yi observed a large address borrow 11 million USDT from Aave nine hours before executing an on-chain acquisition of 2,502 ETH

With Ethereum (ETH) steady in 2025, focus is now on potential high-ROI disruptors reshaping decentralized finance (DeFi) Mutuum Finance (MUTM) being a leader. The new lending protocol has been performing wonderfully with its fast and cheap method of collateralized lending, with investors stunned at copious additions in the face of a changing crypto environment. While Ethereum is still the leader in the smart contract market, Mutuum Finance’s innovative low-cost on-chain lending platform and growing ecosystem have investors waiting eagerly for what comes next. Ethereum Still at Substantial Levels As DeFi Highlight Intensifies Ethereum (ETH) $4,308.85 oscillates between intraday lows of $4,269.20 and intraday highs of $4,430.67. The asset continues to have in its favor a smart contract platform with consistent institutional inflow and deep network usage. Analysts continue to say that staying above the $4,300 level is important if it is to keep this current trend going with a potential breakout above $4,500 to hit some more resistance levels sooner or later. Meanwhile, new decentralized finance platforms like Mutuum Finance (MUTM) are already drawing even greater attention towards the market. Mutuum Finance (MUTM) Presale Stage 6 Ongoing Mutuum Finance is already in presale stage 6 and currently selling the tokens at $0.035, which is 16.17% higher compared to the last stage. The market is heavily interested with more than 16120 invested investors and nearly $15.45 million already raised. In a bid to enhance the platform’s security, there has also been the creation of a USDT Bug Bounty Program with and in partnership with CertiK and worth up to a sum of $50,000 USDT. The bugs fall under categories of critical, major, minor, and low according to the program. Mutuum Finance asset collateralisation caps are essentially risk type inherent in the asset, i.e., supply, borrow, and collateral caps. The protocol is thereby hedging market risk by overcollateralising and also incentivising liquidators to liquidate undercollateralised positions. Borrow caps and deposit caps also cap risk exposure to risky or liquid assets and insolvency risk, respectively. Collateral usage cap on risky tokens can be very low, and the correlated assets will be collateral effective. Community Development and Building Mutuum Finance has initiated a $100,000 giveaway and community base development of users. Ten owners will be awarded $10000 MUTM tokens for onboarding new users and investing in the project. Statistics and Security Key MUTM is a proportion of LTV and subjective collateral and lending and transfer liquidation limits to riskier employment and payment liquidators mechanism. Reserve factor is a proxy to be employed as a substitute for what actually matters in the form of providing what is referred to as a cushion against default and risky market and riskier assets are given higher reserves. Mutuum Finance (MUTM) is gaining sweet momentum as one of the best cryptos to invest in 2025, next to Ethereum (ETH). Stage 6 tokens are selling for $0.035, a 16.17% price appreciation from the previous stage, with over 16,120 holders and $15.45M raised. The project has a $50K CertiK bug bounty, a $100K community giveaway, and sound risk mitigations in place, including overcollateralization and reserve buffers. While Ethereum catches its breath at over $4,300 with sights set on $4,500+, the cheap and flat DeFi alternative is Mutuum Finance. Board stage 6 now in front of the next appreciation in price. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

BitcoinWorld Won-backed Stablecoin: Dunamu’s Pivotal Giwa Chain Initiative for South Korea’s Digital Future The cryptocurrency world in South Korea is buzzing with exciting news! Dunamu CEO Oh Kyung-seok recently made a pivotal announcement that could reshape digital finance in the region. On September 9th, Oh revealed that Dunamu, the operator of the major South Korean crypto exchange Upbit, plans to support a won-backed stablecoin through its innovative proprietary Layer 2 chain, Giwa. This development marks a significant step towards integrating digital assets more deeply into the traditional financial system, promising stability and accessibility for users. What Does a Won-Backed Stablecoin Mean for South Korea? For those new to the concept, a stablecoin is a type of cryptocurrency designed to maintain a stable value. Unlike volatile assets like Bitcoin or Ethereum, stablecoins are typically pegged to a reserve asset, such as fiat currency (like the US dollar or, in this case, the South Korean Won), gold, or other cryptocurrencies. The introduction of a won-backed stablecoin is particularly impactful for South Korea. It offers a digital asset that mirrors the value of the South Korean Won, providing a stable medium for transactions and savings in the crypto space. This stability can reduce risks associated with price fluctuations, making digital payments and remittances more predictable. Moreover, it paves the way for greater regulatory clarity and acceptance within the domestic market, fostering trust among both institutional and retail users. Giwa Chain: The Backbone of South Korea’s New Won-Backed Stablecoin ? At the heart of this initiative is Giwa, Dunamu’s proprietary OP Stack-based Layer 2 chain. CEO Oh Kyung-seok highlighted Giwa’s design as “finance-friendly” during the USDC 2025 event, emphasizing its robust architecture built for stable operations. A Layer 2 solution like Giwa is crucial because it helps scale blockchain networks, offering faster and cheaper transactions compared to Layer 1 blockchains. This technical foundation is essential for supporting a high-volume, stable digital currency. Giwa’s design is not just about speed and cost; it’s also about reliability. The chain’s stability is directly linked to the extensive operational experience Dunamu has gained from running Upbit, one of the largest and most reliable crypto exchanges in South Korea. This deep understanding of market dynamics and user needs positions Giwa as a strong contender to facilitate the stable issuance and distribution of the won-backed stablecoin . The Power of Upbit’s Expertise and KYC Integration for the Won-Backed Stablecoin Dunamu’s decision to leverage its existing infrastructure and expertise from Upbit is a strategic move. Upbit’s long-standing operation in the South Korean market, coupled with its experience in managing staking services, provides a solid bedrock for Giwa. This operational prowess ensures that the stablecoin will be issued and distributed reliably and securely within the country. The expertise gained from managing a high-volume exchange is invaluable for maintaining the integrity and stability of a digital asset like a stablecoin. A critical aspect mentioned by CEO Oh is the potential integration of Know Your Customer (KYC) procedures. If required by regulations, Giwa could seamlessly utilize the existing KYC information of Upbit users. This capability offers several advantages: Streamlined Onboarding: New users would likely experience a smoother onboarding process, as their identities are already verified. Enhanced Security: Leveraging established KYC protocols strengthens the overall security framework, combating illicit activities. Regulatory Compliance: It positions the won-backed stablecoin for easier compliance with financial regulations, a key factor for widespread adoption. What’s Next for the Won-Backed Stablecoin and Giwa? The announcement signals Dunamu’s ambition to be a frontrunner in the evolving digital finance landscape. By providing a stable, regulated, and widely accessible digital currency, they are not only catering to the existing crypto community but also opening doors for broader mainstream adoption. The success of this initiative could set a precedent for other nations considering their own fiat-backed digital currencies. While the exact launch timeline and specific regulatory frameworks are yet to be fully detailed, the vision is clear: to create a secure and efficient digital financial ecosystem in South Korea. The won-backed stablecoin on Giwa chain has the potential to transform how South Koreans interact with digital money, offering a blend of traditional financial stability with blockchain innovation. Frequently Asked Questions (FAQs) Q1: What is a won-backed stablecoin? A1: A won-backed stablecoin is a type of cryptocurrency whose value is pegged to the South Korean Won (KRW). This means one stablecoin unit is designed to always be worth one South Korean Won, providing price stability. Q2: What is Giwa chain? A2: Giwa chain is Dunamu’s proprietary Layer 2 blockchain built on the OP Stack. It’s designed to be “finance-friendly” and aims to provide a stable and efficient platform for digital assets, including the new won-backed stablecoin. Q3: How does Upbit’s expertise contribute to this project? A3: Dunamu, the operator of Upbit, leverages its extensive experience in running a major crypto exchange and its staking services to ensure the stable operation of the Giwa chain and the secure issuance and distribution of the stablecoin. Upbit’s existing KYC information could also be utilized for regulatory compliance. Q4: What are the main benefits of a won-backed stablecoin? A4: The main benefits include price stability (reducing volatility risks), potential for faster and cheaper transactions, enhanced regulatory clarity, and greater trust and adoption within the South Korean financial market. Q5: When is the won-backed stablecoin expected to launch? A5: While Dunamu CEO Oh Kyung-seok announced the intention to support a won-backed stablecoin, specific launch timelines and regulatory details are yet to be fully disclosed. The announcement indicates a strategic direction for the future. Q6: Will existing Upbit users automatically have access to the won-backed stablecoin? A6: The announcement mentioned that if KYC procedures are required, Giwa could easily leverage existing Upbit user KYC information. This suggests a potential for streamlined access for Upbit users, but specific access mechanisms will be detailed closer to launch. This is a groundbreaking development for the South Korean crypto landscape. Share this article with your friends and colleagues to keep them informed about the exciting future of digital finance! To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoins institutional adoption. This post Won-backed Stablecoin: Dunamu’s Pivotal Giwa Chain Initiative for South Korea’s Digital Future first appeared on BitcoinWorld and is written by Editorial Team

BitcoinWorld Hyperliquid USDH Stablecoin: Sky’s Bold Bid Promises Revolutionary DeFi Yield The decentralized finance (DeFi) landscape is buzzing with a fascinating new development: the race to issue Hyperliquid’s native Hyperliquid USDH stablecoin . This isn’t just any stablecoin; it’s poised to become a cornerstone of the Hyperliquid ecosystem, and some of the biggest names in crypto are vying for the privilege. If you’re invested in the future of decentralized exchanges and stablecoin innovation, this story is for you. Sky’s Ambitious Proposal for Hyperliquid USDH Stablecoin Rune Christensen, the visionary founder of Sky (formerly known as MakerDAO), recently ignited this competition with a bold announcement on X. Sky is officially entering the race to issue the native Hyperliquid USDH stablecoin for the innovative decentralized exchange, Hyperliquid (HYPE). This move signals a significant strategic pivot for Sky and could reshape the future of stablecoin issuance within DeFi. Christensen’s proposal is designed to be highly attractive to the Hyperliquid community. Here’s what Sky is bringing to the table: Generous Yield: A Sky-issued USDH would offer a compelling 4.85% annual yield when deposited on Hyperliquid. This is a significant incentive for users. HYPE Token Buybacks: All proceeds generated from this yield are earmarked for direct buybacks of the HYPE token. This mechanism aims to benefit existing HYPE holders by potentially increasing the token’s value. Substantial Support: Sky plans to back Hyperliquid Genesis Star, a key DeFi project, with a substantial $25 million in USDH. This demonstrates a deep commitment to the Hyperliquid ecosystem. Why is Sky Betting Big on the Hyperliquid USDH Stablecoin? Sky’s decision isn’t just about issuing another stablecoin; it’s a strategic alignment with a rapidly growing DeFi platform. Christensen emphasized that a Sky-issued Hyperliquid USDH stablecoin would inherit the robust security and battle-tested infrastructure of the Sky protocol. This means users would benefit from a stablecoin backed by years of proven resilience and stability in the crypto space, enhancing trust and adoption. Moreover, Sky intends to migrate its own token buyback system to Hyperliquid. This strategic integration is designed to significantly enhance HYPE’s liquidity, creating a deeper and more efficient market for the token. This symbiotic relationship could create a powerful synergy between two major DeFi players, driving mutual growth and innovation. The Fierce Competition: Who Else Wants to Issue USDH? Sky isn’t alone in recognizing the immense potential of the Hyperliquid USDH stablecoin . The competition for issuance rights is fierce, attracting several other prominent contenders. These include established giants and innovative newcomers, each bringing their unique strengths to the table: Paxos: A regulated stablecoin issuer known for its compliance, auditing, and reliability within traditional financial frameworks. Frax Finance: A leading algorithmic stablecoin protocol with a strong presence in DeFi, known for its innovative approach to stablecoin design. Agora: A promising DeFi startup looking to make its mark in the stablecoin landscape, potentially offering a fresh perspective. This diverse lineup underscores the significance of Hyperliquid’s native stablecoin and the perceived value of becoming its issuer. The ultimate decision will likely hinge on factors such as security, yield generation mechanisms, community integration, and overall ecosystem benefits. What Does This Mean for Hyperliquid and the Broader DeFi Ecosystem? The successful issuance of the Hyperliquid USDH stablecoin by any of these contenders will be a game-changer for Hyperliquid. A native, high-yield stablecoin could significantly boost user adoption, increase trading volume, and strengthen the platform’s overall liquidity. This enhanced liquidity is crucial for any decentralized exchange to offer better trading experiences and deeper markets for its users. For the broader DeFi ecosystem, this competition highlights a growing trend: established protocols are actively seeking to integrate and collaborate with innovative platforms to expand their reach and utility. This development also emphasizes the ongoing evolution of stablecoins beyond simple price stability. Protocols are now leveraging stablecoins as tools for: Yield Generation: Offering attractive returns to users, making stablecoins more than just a store of value. Ecosystem Growth: Providing native liquidity and direct support for specific platforms, fostering stronger communities. Strategic Partnerships: Forging alliances between major DeFi players, leading to more integrated and robust financial systems. The battle to issue Hyperliquid’s native Hyperliquid USDH stablecoin is more than just a competition; it’s a testament to the dynamic innovation within decentralized finance. Sky’s compelling offer, combining attractive yields, robust security, and strategic buybacks, positions it as a formidable contender. However, with strong rivals like Paxos, Frax Finance, and Agora also in the running, the outcome remains keenly anticipated. Regardless of who ultimately wins, Hyperliquid and its community stand to gain significantly from this exciting development, promising a more liquid, secure, and rewarding experience. Frequently Asked Questions (FAQs) 1. What is the Hyperliquid USDH stablecoin? The Hyperliquid USDH stablecoin is the proposed native stablecoin for the decentralized exchange Hyperliquid. It aims to provide a stable medium of exchange and value within the Hyperliquid ecosystem, potentially offering unique yield opportunities. 2. Who is Sky (formerly MakerDAO)? Sky is the new name for MakerDAO, a pioneering decentralized autonomous organization (DAO) known for creating the DAI stablecoin. It is a major player in the DeFi space, focused on decentralized governance and stablecoin issuance. 3. What benefits does Sky propose for USDH holders? Sky proposes a 4.85% annual yield for USDH deposited on Hyperliquid, with all proceeds directed towards HYPE token buybacks. Additionally, USDH would inherit the robust security of the Sky protocol. 4. Who are the other contenders for USDH issuance? Besides Sky, other notable contenders include established stablecoin issuers Paxos and Frax Finance, as well as the DeFi startup Agora. 5. How will this impact the HYPE token? If Sky wins, the proposed 4.85% yield for USDH would fund HYPE token buybacks, potentially increasing demand and enhancing its liquidity. Sky also plans to migrate its own token buyback system to Hyperliquid, further boosting HYPE’s market depth. If you found this insight into the Hyperliquid USDH stablecoin competition intriguing, share this article with your network! Stay informed on the latest developments shaping the future of decentralized finance. To learn more about the latest DeFi market trends, explore our article on key developments shaping stablecoin future developments . This post Hyperliquid USDH Stablecoin: Sky’s Bold Bid Promises Revolutionary DeFi Yield first appeared on BitcoinWorld and is written by Editorial Team