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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.
- 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).
- 14:12Analyst: September Rate Cut Almost Certain, Options Traders Expect Stable Stock MarketJinse Finance reported that as a Federal Reserve rate cut in September has almost become a foregone conclusion, options traders generally expect the stock market to remain stable ahead of Thursday's CPI data release. The logic behind the market's expectation of a rate cut lies in the stagnation of U.S. employment growth and the need to stimulate the economy. Weak employment data on Friday further reinforced expectations of a 25 basis point rate cut. Although U.S. stocks fell slightly and the fear index rose marginally, it still remained below the key level of 20. Options traders expect the S&P 500 Index to experience about a 0.7% two-way fluctuation after the CPI is released on Thursday.
- 14:06Strategy founder Saylor makes his debut on the Bloomberg Billionaires IndexAccording to a report by Jinse Finance, Coin Bureau has released a chart showing that Strategy founder Michael Saylor has entered the Bloomberg Billionaires Index! Michael Saylor made the list for the first time, ranking 491st with a net worth of $7.37 billions.