Cryptocurrencies moved toward the year end in a positive mood, with bitcoin – the world’s largest crypto by market capitalization – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show.
Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the highest price since Wednesday.
All of the 10 largest cryptocurrencies by market cap were advancing as of 10:35 UTC, though all are lower than at the same time a week ago and all except Terra’s LUNA token and stablecoins tether and USDC are down more than 10% since the beginning of December, Messari data show.
LUNA rallied after a November community proposal to “burn” tokens, or permanently remove them from circulation. It touched a record high of $103 earlier this week. In the past 24 hours, it has added 4% to almost $90.
A new report shows Hyperliquid is rapidly expanding beyond crypto into pre-IPO markets, prediction contracts, and 24/7 asset trading, putting Wall Street giants on high alert.
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Crypto derivatives platform Hyperliquid is expanding beyond perpetual futures into pre-IPO trading, prediction contracts and tokenized real-world assets, putting it in more direct competition with traditional exchanges and prediction markets.
FalconX said Hyperliquid’s HIP-3 and HIP-4 markets, along with strong inflows into new HYPE exchange-traded funds and a USDC partnership...