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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.
- 15:22Bitcoin illiquid supply exceeds 14.3 million, reaching a new all-time highAccording to Jinse Finance, citing Coindesk, in late August, the illiquid supply of Bitcoin (the amount of Bitcoin held by entities with little to no spending history) exceeded 14.3 million BTC, reaching a historical high. Over the past 30 days, the net increase in illiquid supply reached 20,000 BTC. Of the current circulating 19.9 million BTC, approximately 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 historical high of $124,000 before retreating 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.
- 15:07Hassett: There are currently no plans to reform the Federal ReserveChainCatcher news, according to Golden Ten Data, the Director of the US White House National Economic Council, Hassett, stated, "I currently have no plans to reform the Federal Reserve."
- 14:17Avenir currently allocates more than 80% of its portfolio to Bitcoin.According to a report by Jinse Finance, The Bitcoin Historian has released the latest news: the trading firm Avenir, with a scale of 1.3 billions USD, currently allocates more than 80% of its investment portfolio to bitcoin (BITCOIN).