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Share link:In this post: Paxos has submitted a proposal to support Hyperliquid’s launch of the USDH stablecoin on its platform. The company plans to use 95% of the interest generated by its reserves backing USDH to repurchase HYPE and redistribute it back to ecosystem initiatives. Paxos Labs has also acquired Molecular Labs in a bid to accelerate stablecoin adoption in the Hyperliquid ecosystem.
Share link:In this post: Crypto sentiment has moved into the fear region as investors are now holding off from taking more risks. Santiment has highlighted the focus on larger-cap tokens, noting that traders are presently not open to risks. Analysts and traders question the near-term direction of some of these major assets.
The crypto market is in a stagnant state, but bitcoin's stability and the altcoin season index indicate opportunities. Here are the top three altcoins worth buying right now.
- 16:07Data: Bitcoin illiquid supply exceeds 14.3 million, reaching a record highChainCatcher news, according to CoinDesk, in late August, the illiquid supply (the amount of bitcoin held by entities with little to no spending history) exceeded 14.3 million BTC, reaching a historic high. In the past 30 days, the net increase in illiquid supply reached 20,000 BTC. Of the current circulating 19.9 million BTC, about 72% of the total supply is in an illiquid state, held by long-term holders and cold storage investors. This growth highlights a continued accumulation trend, even during recent market volatility. In mid-August, bitcoin reached a historic high of $124,000, then pulled back by about 15%. Despite the price correction, the illiquid supply continued to rise, indicating that holders did not sell off due to short-term adjustments.
- 16:03Tether CEO reveals the company's main Bitcoin holding addressAccording to Jinse Finance, Tether CEO Paolo Ardoino stated in a post that the vast majority of our bitcoin holdings are held directly: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4. This address currently holds 77,447 BTC, valued at $8.61 billions.
- 16:02Boyaa Interactive surpasses Germany's Bitcoin Group SE to become the 22nd largest bitcoin holding companyAccording to Jinse Finance, BitcoinTreasuries.NET has released the latest news: Hong Kong-listed company Boyaa Interactive has surpassed a certain exchange to become the 22nd largest bitcoin holding company.