Aster’s perpetuals daily volume edges past Hyperliquid with over $12 billion trading surge

XRP is currently experiencing a period of price consolidation, with analysts debating whether it will find support at the $2.80 level or face resistance at $3.30. This situation is significant as it reflects broader trends in the cryptocurrency market, influencing investor sentiment and trading strategies. Understanding these price points can help traders make informed decisions in a volatile market.

Despite a recent downturn in the decentralized finance (DeFi) sector, new perpetual DEX protocols Avantis and Aster are making waves with remarkable gains of 600% and 2100%. This surge is particularly noteworthy as the total value locked (TVL) in the sector has dropped from $6.1 billion to $5.1 billion in just over a week. Their success highlights the resilience of innovative projects even in challenging market conditions, suggesting that there are still opportunities for growth and investment in DeFi.

Hyperliquid, a decentralized exchange platform, is considering a significant change to its tokenomics by proposing a 45% reduction in the total supply of its HYPE token. This plan, introduced by investment manager Jon Charbonneau and researcher Hasu, aims to address concerns about current valuation metrics that may be distorting the protocol's financial health. This move is crucial as it could stabilize the market and restore confidence among investors amid fears of a $12 billion unlock.

Binance's recent announcement of a HEMI airdrop for BNB holders has sparked a significant surge in HEMI's value, increasing by over 50% overnight. This development has reignited interest among traders in airdrop opportunities, particularly as they seek to replicate the success of the Arbitrum airdrop from earlier this year, which was one of the most profitable events in the crypto space. This news is crucial as it highlights the ongoing potential for investors to capitalize on airdrops, making it a key moment for those involved in cryptocurrency.

Machi Big Brother, a well-known Taiwanese celebrity, recently exited a $25 million investment in HYPE, incurring a significant loss of $4.5 million. This move comes as Hyperliquid struggles to maintain its market share against rising competition from other decentralized exchanges. This situation highlights the volatility in the cryptocurrency market and the challenges faced by even prominent investors, making it a crucial moment for those following market trends.

Vietnam is making significant strides in the world of digital finance by launching a five-year pilot program aimed at regulating its cryptocurrency market. This initiative is crucial as it seeks to bring crypto trading under formal supervision, ensuring a safer environment for investors and fostering growth in the digital asset sector. By taking this step, Vietnam is positioning itself as a forward-thinking player in the global crypto landscape, which could attract more investment and innovation.

Crypto treasuries are facing a significant downturn after announcing new investments, with Bitcoin's value dropping to $111,676. Helius Medical Technologies made headlines by investing heavily in $SOL, but this move led to a sharp decline in the value of $HSDT, which plummeted by over 33%. Similarly, CEA Industries, supported by former Binance CEO Changpeng Zhao, also saw its stock suffer after revealing a $50 million investment. This situation highlights the volatility in the crypto market and raises concerns about the sustainability of such investments.

The ASTER token is making waves in the cryptocurrency market with a significant price surge, raising questions about its potential to surpass the HYPE token in the near future. This development is noteworthy as it reflects growing confidence in decentralized tokens, especially with backing from influential leaders in the space. Investors and enthusiasts are keenly watching this competition, as it could signal shifts in market dynamics and investment strategies.

Binance founder Changpeng Zhao, known as 'CZ', is contemplating the idea of opening YZi Labs to external investors, according to a report by the Financial Times. This move could potentially attract new capital and partnerships, enhancing the lab's innovation capabilities. It signifies a strategic shift that may bolster Binance's position in the competitive crypto landscape, making it an exciting development for investors and the industry.

Changpeng Zhao, co-founder of Binance, is exploring the possibility of opening YZi Labs' portfolio to outside investors, potentially transforming it into a significant investment fund. This move is exciting as it could attract more capital into innovative sectors like cryptocurrency, artificial intelligence, and robotics, which are rapidly evolving and have the potential for high returns. By inviting external investors, Zhao aims to enhance the growth and impact of YZi Labs, making it a pivotal player in these cutting-edge industries.

Market expert MartyParty has sparked controversy by alleging that major cryptocurrency exchanges Coinbase and Binance are using flawed software, which could jeopardize the integrity of the crypto sector. This claim highlights the intense competition between these platforms and raises concerns about their operational practices. As these exchanges play a crucial role in the cryptocurrency market, any potential issues could have significant implications for investors and the overall trust in digital currencies.

Hyperliquid's recent price drop of 21% from its peak has raised concerns, but a new proposal to reduce its total supply by 45% could be a game changer. This move aims to reset valuations and potentially attract renewed interest from institutional investors. As Hyperliquid trades at $47.73, the community's proactive approach could lead to a stronger market position and increased demand, making it a significant development in the cryptocurrency landscape.

Bitcoin is currently hovering above the $110,000 mark after a chaotic Monday that resulted in billions in liquidations within the crypto market. This significant downturn has wiped out much of last week's gains, highlighting the ongoing volatility that characterizes this market cycle. Despite the intense selling pressure, Bitcoin has found some stability near a crucial liquidity zone, where both buyers and sellers are vying for dominance. This situation is critical for investors as it could signal further price movements.

Arthur Hayes, the Chief Investment Officer of Maelstrom, has made a striking prediction that Bitcoin could soar to $3.4 million by 2028. This bold forecast hinges on the potential for aggressive monetary policies under a future Donald Trump administration, particularly through yield curve control. Hayes' insights are significant as they reflect a growing optimism in the cryptocurrency market, suggesting that major economic shifts could lead to unprecedented valuations for Bitcoin.

XRP is currently experiencing a period of price consolidation, with analysts debating whether it will find support at the $2.80 level or face resistance at $3.30. This situation is significant as it reflects broader trends in the cryptocurrency market, influencing investor sentiment and trading strategies. Understanding these price points can help traders make informed decisions in a volatile market.

Ripple is making waves by partnering with Securitize to introduce Ripple USD as an off-ramp for tokenized funds from major players like BlackRock and VanEck. This collaboration not only enhances the utility of Ripple's stablecoin but also signifies a growing acceptance of digital assets in traditional finance. It's an exciting development that could pave the way for more innovative financial solutions.

Federal Reserve's Bostic has highlighted the intricate balance between employment risks and inflation threats, suggesting that this balance could lead to complex policy decisions. This is significant as it may influence future monetary strategies and overall economic stability, impacting how the Fed approaches its dual mandate.

YZi Labs, backed by CZ, is making headlines with plans to open a $10 billion war chest for outside investors. This move is significant as it not only signals confidence in the market but also aims to attract more capital into the cryptocurrency space, potentially leading to innovative projects and growth opportunities. Investors are keenly watching how this initiative unfolds, as it could reshape the landscape of crypto investments.