Circle brings native USDC to Hyperliquid as volume breaks 14% of Binance trades

The HYPE token has seen a recent price drop of nearly 7%, currently trading at $53.77 with a market cap of around $18 billion. This comes ahead of the anticipated launch of the USDH stablecoin.

Editor’s Note: Understanding the fluctuations in the HYPE token's price is crucial for investors, especially with the upcoming USDH stablecoin launch. This event could influence market dynamics and investor sentiment.

Hyperliquid has integrated Circle's USDC and CCTP V2 on HyperEVM, enhancing blockchain interoperability for cross-chain deposits and institutional access.

Editor’s Note: This integration is significant as it streamlines crypto transactions for institutions, potentially leading to greater adoption of decentralized finance solutions.

Today's insights highlight the booming cryptocurrency market, now valued at nearly $4 trillion. With major players like Circle and Mastercard planning to integrate USDC, the industry is poised for significant growth.

Editor’s Note: Understanding the developments in the cryptocurrency sector is crucial as it continues to expand rapidly. The involvement of established companies like Circle and Mastercard signals a shift towards mainstream acceptance, making it an exciting time for investors and enthusiasts alike.

The PUMP token has surged by over 144% in the past month, marking a significant recovery in the cryptocurrency market. Despite a recent slowdown, it has outperformed Hyperliquid in daily revenue, indicating strong momentum.

Editor’s Note: This surge is important as it highlights the potential for recovery in the cryptocurrency market after a challenging start. The performance of PUMP could influence investor confidence and market trends moving forward.

MetaMask has launched a new deposit flow in collaboration with Transak, enabling users in the U.S. and EU to purchase stablecoins like mUSD, USDC, and USDT easily and efficiently.

Editor’s Note: This development is significant as it simplifies the process of buying stablecoins, making it more accessible for users. It reflects the growing trend of integrating traditional banking experiences into cryptocurrency platforms, enhancing user convenience.

Native Markets has secured the USDH ticker to issue Hyperliquid's native stablecoin, following a vote by validators. Co-founder Max Fiege announced the decision, highlighting support from HYPE stakers and validator operators.

Editor’s Note: This development is significant as it allows Native Markets to launch its stablecoin, which could enhance liquidity and trading options on the Hyperliquid platform, benefiting users and investors alike.

Native Markets has been chosen by the Hyperliquid community to issue the new USDH stablecoin after a successful governance vote. This role highlights Native Markets' growing influence in decentralized finance.

Editor’s Note: This decision is significant as it showcases the community's trust in Native Markets and the potential for innovation in the stablecoin sector. The issuance of USDH could enhance liquidity and trading options within the Hyperliquid platform.

Native Markets has officially claimed the ticker for Hyperliquid's USDH stablecoin after a competitive bidding process that attracted significant attention from the crypto community.

Editor’s Note: This development is important as it highlights the growing interest and competition in the stablecoin market, which plays a crucial role in the cryptocurrency ecosystem. The outcome of this bidding war reflects the increasing value and demand for stablecoins among investors and traders.

Analyst Austin Hilton warns that now is the last chance to invest in XRP before a potential price surge. He emphasizes that investors should accumulate XRP as it prepares for a significant bull run in Q4.

Editor’s Note: This warning is crucial for investors looking to capitalize on potential gains in the cryptocurrency market. With Hilton's insights, many may feel encouraged to act quickly to secure their positions before the anticipated price increase.

Bitcoin mining stocks like Cipher, Terawulf, and others saw significant gains in September, outperforming Bitcoin itself. This comes amid challenging mining conditions.

Editor’s Note: The rise of Bitcoin mining stocks indicates investor confidence in the sector, especially as companies pivot towards AI technologies. This trend could reshape the market and attract more investments.

Cleancore has added 100 million DOGE to its treasury, bringing the total to over 600 million DOGE. This significant increase highlights Cleancore's commitment to expanding its cryptocurrency holdings.

Editor’s Note: This news is important as it reflects Cleancore's growing influence in the cryptocurrency market. The increase in treasury assets can enhance investor confidence and potentially lead to more strategic initiatives in the future.

Pi Network's price is poised for a potential increase as developers upgrade to Protocol 23 and a significant investor accumulates Pi tokens, currently trading at $0.3565.

Editor’s Note: This development is important as it indicates growing confidence in the Pi Network, which could attract more investors and lead to a price surge. The upgrades and whale activity suggest a positive outlook for the cryptocurrency's future.

The UK and US are set to announce a new partnership focused on enhancing cooperation in the cryptocurrency sector, as reported by the Financial Times.

Editor’s Note: This partnership is significant as it represents a step towards stronger international collaboration in the rapidly evolving world of cryptocurrencies, which could lead to more robust regulations and innovation.

Coinbase's chief legal officer is urging federal officials to advocate for provisions in a market structure bill to prevent state enforcement actions, known as 'blue-sky laws'.

Editor’s Note: This is significant as it highlights Coinbase's proactive approach to regulatory challenges, aiming to create a more favorable legal environment for cryptocurrency operations in the U.S.