Crypto asset management giant VanEck says that one altcoin project is flashing major signs of institutional adoption. In a new report , VanEck highlights the growth of the Hedera (HBAR) ecosystem, which the firm notes in July, saw a price increase of over 70% due to a “wave of partnerships, network growth, and broadening institutional legitimization.” VanEck named several examples of notable adoption of the Hedera network in July, including the Reserve Bank of Australia’s Project Acacia , which aims to explore the development of Australian wholesale tokenized asset markets. Archax, the first regulated global digital asset exchange in the UK, also announced it would begin using the Hedera network for settlement purposes, VanEck notes. “Institutional tokenization activity is also emerging. In late July, Archax created Hedera token contracts named after BlackRock, Fidelity ILF, State Street, Aberdeen Investments, and LGIM. Archax’s CEO confirmed these represent money market funds that could soon transact in HBAR, signaling early but still prelaunch interest in real-world asset tokenization on the network.” And according to VanEck, stablecoin supply has exploded on Hedera. DefiLlama data shows that Hedera’s stablecoins are almost entirely driven by Circle’s USDC. “Hedera’s on-chain activity was strong as Hedera’s transactions surged as did the supply of stablecoins on its blockchain.” Source: VanEck At time of writing, HBAR is trading at $0.24 with a market cap of $10.3 billion. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post VanEck Says One Altcoin Ecosystem Seeing Early Institutional Tokenization Interest Amid Surge in Stablecoins appeared first on The Daily Hodl .
ETH treasury companies have been snapping up the second biggest digital coin by market value.
The altcoin season index has dipped to 36 , but selective trading activity around Ethena, Sky, and Curve DAO suggests that traders are still rotating into certain assets. While broader market indicators are mixed, these three tokens have drawn interest from investors looking for volume, use cases, or yield mechanics. Ethena: Synthetic Dollar Protocol Gains Ground Ethena’s price is around $0.598 with a market cap near $3.96 billion and daily trading volume exceeding $650 million, according to CoinMarketCap. The protocol supports a synthetic stablecoin called USDe. Activity has picked up since launch, with trading and staking demand contributing to increased token circulation. Liquidity data from Curve and Binance reflect daily usage, and July performance showed relative strength compared to larger market peers. Traders continue to focus on Ethena’s dual-token model and staking mechanics. ENA’s recent volatility has not deterred holders, who remain active in governance and liquidity programs. This participation keeps Ethena in focus during altcoin season debates. Sky: Tokenization and Credit Activity Support Value Sky’s price sits near $0.0798, with a market cap of approximately $1.7 billion. Trading volume is modest at around $1.9 million. SKY Price (Source: CoinMarketCap) The token backs activity on credit-focused DeFi platforms, including those operating on Avalanche. Sky supports decentralized lending pools and tokenized assets tied to real-world credit. The project has not seen the same level of attention as other mid-cap names but remains consistent in use and protocol growth. Though Sky’s price movement has been limited in recent weeks, DeFi activity around its supported protocols has kept the token in circulation. Curve DAO: Stablecoin Liquidity and Trading Depth Curve DAO’s price is near $0.92 with a market cap of around $1.27 billion. Its 24-hour volume is above $220 million. The token underpins one of the largest stablecoin trading platforms in DeFi. Curve volumes remain strong, and the protocol continues to be a key source of liquidity for USDT, USDC, and other stable assets. CRV holders have been active in governance proposals, including fee structure changes and incentive models. While CRV has declined from its all-time highs, it continues to see regular volume and periodic inflows tied to on-chain yield cycles. Altcoin Season Index Remains Steady While Bitcoin dominance remains above 60% , certain assets like Ethena, Sky, and Curve DAO are showing independent momentum. This points to rotation that favors functional protocols and liquidity hubs even when altseason indicators are subdued. Ethena offers synthetic dollar exposure. Sky supports decentralized credit flows. Curve DAO remains central to stablecoin liquidity. Each represents a different angle on altcoin season activity, showing how token flows are now linked to usage and trader behavior. Altcoin season is not in full effect, but selective rotation continues. Traders are watching volume, staking programs, and governance participation as key metrics. Ethena, Sky, and Curve DAO have each shown enough activity to remain part of that conversation. The post Altcoin Season Buzz: Ethena, Sky, Curve DAO Drive Yield Hunting Despite Bitcoin Dominance appeared first on Cryptonews .
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On unlock day, markets turn savage. $MYX plunges 58% to a low of $0.9184. High above $2 just hours before. Panic sets in. Hack VC strikes fast. In the last seven hours, Hack VC claims 1,279,890 MYX from the airdrop claim contract at `0x92216267bFB526e4142d161Bb4D99C4b0e630530`. That haul clocks in at roughly $2.15 million. No hesitation. No second thoughts. First wave: 445,000 MYX heads to wallet `0x259Db7C69DE9bbbf86E82ba8AD0cc5064514FE57`. Sold on-chain. Proceeds: ~$747,000 at an average of $1.68 per token. They hit the bids. They lock in gains. Second wave: 835,000 MYX moves to MEXC via wallet `0x72FB6d06A5DB3931dd33Db2AfE676488c7cE5353`. Deposit price: $1.77. Value: ~$1.48 million. All rails clear. No drama. This looks coordinated. Timed or tactical, it lands exactly as $MYX records its steepest fall. Classic unlock-day play. The dump accelerates the slide. Bears feast. Market response is brutal. From a high above $2, $MYX rocks down to $0.80. It’s a 58% wipeout. Right now, price bounces back to $1.70. Traders hunt for bargains. But confidence is shaken. $MYX Price Action To Monitor On CoinMarketCap , $MYX Finance trades at $1.84, with a 24-hour volume of $266.9 million and a market cap of $289.8 million. It sits at rank #161, floating among mid-caps with thin order books awaiting the next catalyst. Social feeds ignite. On X, EyeOnChain calls it an “Unlock Day Unleashes Bloodbath.” Traders rage. “VC dump,” they tweet. Some cry “rug unlock.” Others tag it “market clearing.” Few defend it as healthy shakeout. Hack VC goes radio silent. No tweets. No AMAs. Their socials dark. Rumors swirl. Was this risk management? Or straight profit grab? Either way, it sets the tone for token unlocks ahead. On-chain analytics spot more big wallets stirring. Several move tokens into sell walls under $1. That spells danger for late buyers. Trap zones form. Only aggressive buys at $1.50–$1.80 keep floors from collapsing deeper. Still, opportunists circle. At $1.70, $MYX trades at a 19% discount from yesterday’s $2.10 peak. Volume spikes on DEXs. Whales nibble. They chase a rebound play. Staking yields and ecosystem incentives still shine. Adoption buzz could flip sentiment. Yet risk remains high. Next month’s vesting cliff looms. More tokens unlock. If another dump wave hits, prices could test below $0.50 territory. And VCs keep stockpiles locked for months. Their moves will dictate price. Unlock Day Bloodbath: Hack VC Cashes Out as $MYX Crashes 58% On the highly anticipated unlock day, #MYX plunged 58%, tumbling to $0.9184 — and Hack VC didn’t waste any time. Over the past 7 hours, Hack VC claimed 1,279,890 MYX (worth ~$2.15M) from the airdrop claim contract at… https://t.co/Z6yOlW4ni1 pic.twitter.com/cJ828zXBZB — EyeOnChain (@EyeOnChain) August 6, 2025 What happens next? Watch three metrics closely: 1. Order Books. Big sell walls under $1. Watch if bids hold. 2. Vesting Schedules. More unlocks mean more supply. 3. Wallet Flows. Follow the whales. Their exits or entries drive price swings. Unlock days always bring drama. This one delivered in spades. Hack VC made a clean exit. Traders got scorched. And $MYX’s trajectory now hinges on whether buyers can absorb the next supply surge. Stay sharp. The next move could hit at any moment. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
OpenAI announced that it will offer AI products and services to US federal agencies at “nearly zero cost.” This move follows the Trump administration’s newly unveiled AI Action Plan. Sam Altman, founder of the company and the associated Worldcoin (WLD) altcoin, stated in a statement on the X platform that a collaboration with the US General Services Administration (GSA) has been initiated as part of the “OpenAI for Government” initiative. Following the development, the WLD price reversed its decline during the day and rose approximately 3% in the last 24 hours. Chart showing the performance of WLD price during the day. Related News: Nasdaq-Listed Company Reveals Surprise Altcoin Ownership - The Only Company Investing in This Altcoin The year-long agreement will allow all agencies across the federal executive branch to use ChatGPT Enterprise for just $1. OpenAI stated in a blog post that this move aligns with the Trump administration's AI Action Plan and aims to reduce bureaucracy. The company noted that employees using ChatGPT in Pennsylvania saved an average of 95 minutes of time per day on routine tasks. In North Carolina, 85% of participants in a 12-week pilot project with the Treasury Department rated their experience positively. Following these developments, another AI company, Anthropic, added its product, Claude, to the GSA list, allowing federal agencies to access Anthropic products at pre-negotiated prices and terms. Meanwhile, the US government has added OpenAI, Alphabet's Google, and Anthropic to its officially approved AI supplier list, according to Bloomberg. The Pentagon has reportedly already signed AI service agreements with OpenAI and Elon Musk's xAI. *This is not investment advice. Continue Reading: US Government Partnership with Major Company Turns Price of Related Altcoin Green
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PancakeSwap, one of the largest decentralized exchanges on BNB Chain, has rolled out a new product line, stock perpetuals, allowing users to trade non-expiring derivatives tied to traditional U.S. equities such as Apple (AAPL), Amazon (AMZN), and Tesla (TSLA). Announced on Tuesday, August 5, the launch marks PancakeSwap’s official entry into the expanding market for tokenized stocks , an emerging sector that blends decentralized finance (DeFi) with exposure to real-world equities. According to the project’s blog, the new contracts are available on its perpetual trading platform, enabling users to go long or short with up to 25x leverage, all while maintaining custody of their funds through a connected crypto wallet on BNB Chain. “Starting today, you can trade perpetual contracts for Apple, Amazon, and Tesla, fully on-chain and directly from your crypto wallet,” the PancakeSwap team wrote in its official announcement . PancakSwap offers on-chain stocks at traditional prices PancakeSwap’s version of stock perps uses price feeds that track the real-time value of publicly traded companies, offering crypto-native users access to traditional financial assets through a decentralized interface. Unlike crypto perpetuals, which are tradable 24/7, the stock-based perps follow U.S. market hours (13:30 to 20:00 UTC), mirroring the trading windows of Nasdaq-listed stocks. The trading experience is designed to replicate high-frequency derivatives trading found on centralized platforms, but without intermediaries. This is part of a broader trend in DeFi that pushes for greater accessibility to traditional finance through composable, decentralized applications. Tokenized real-world assets have taken off Tokenized stocks, in particular, have drawn growing attention from both DeFi developers and centralized players. Last month, U.S.-based crypto exchange Kraken revealed the launch of “ xStocks ,” a Solana-based tokenized stock offering that includes assets like Nvidia, Microsoft, and Meta, although it will only be available to users outside the U.S. Meanwhile, platforms like Aster have already begun offering 24/7 trading of stock perpetuals with up to 50x leverage, including support for a wider variety of U.S. equities. PancakeSwap’s move is a calculated step to expand beyond crypto-native assets and deliver exposure to RWAs directly to DeFi users, especially those underserved by traditional brokerages. On the infrastructure side, this initiative boosts the utility of the BNB Chain ecosystem, which has been actively promoting itself as a fast and low-cost alternative to Ethereum for DeFi apps. Regulatory risks linger Despite the growing enthusiasm for tokenized stocks and on-chain financial products, regulatory clarity remains a concern, especially in jurisdictions like the U.S. Binance, the world’s largest exchange, had to discontinue its own tokenized stock offering in 2021 after regulators from different jurisdictions flagged it for noncompliance with local securities laws. To mitigate these risks, PancakeSwap’s contracts are not tokenized representations of stocks themselves, but instead synthetic derivatives that track their price movements. This distinction may help the platform avoid immediate regulatory scrutiny for now, before regulators intervene or set a clear roadmap. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Investors are buzzing about the potential for significant growth in two digital assets. Recent trends and developments have led to speculation about a strong upward trend. The attention is focused on Cardano ADA and Ondo . Understanding the factors driving this excitement can be key to predicting their future movements. Discover the reasons behind the anticipated surge. Upbeat Cardano Momentum Amid Mixed Trends Cardano recorded a noticeable 21.81% gain over the past month, while its performance over the last half-year shows a modest change of 1.42%. The coin faced an 8.57% decline in the recent week, reflecting volatility despite the positive monthly trend. Buying interest has picked up, although the six-month performance indicates limited overall growth. This combination of strong short-term gains with minimal longer-term movement suggests shifting market sentiment, prompting traders to look for breakout signals to determine future direction. Current price conditions for Cardano show trading within a $0.54 to $0.94 range, with resistance at $1.14 and support at $0.34. The Awesome Oscillator and Momentum Indicator indicate slight bearish trends, with values at -0.018 and -0.117, respectively, and an RSI of 44.65 highlights a balanced market zone. The lack of a clear uptrend suggests traders watch closely for bullish pressure at $1.14, while $0.34 support provides a safety net against further declines. Traders should consider short-term positions within these levels as market volatility continues. Upward Bounce Amid Long-Term Weakness Ondo coin experienced mixed price action in recent months. A monthly gain of 13.57% contrasts with a six-month decline of 33.13%, showing short-term recovery against longer-term losses. Price fluctuations ranged between $0.71 and $1.15, indicating volatility over these periods. Technical indicators reflected moderate negative sentiment, with the momentum indicator at -0.163 and an Awesome Oscillator of -0.029 highlighting subdued performance. Current price levels indicate that the coin remains in a cautious trading zone. The range between $0.71 and $1.15 is close to resistance at $1.38, with support at $0.51. Bears appear dominant, supported by an aggregate recommendation of -0.42 and a moving average bias of -0.67. The relative strength index at 45.49 suggests neutral ground. Trading calls for a breakthrough above $1.38 for bullish momentum or a drop below $0.51 that may trigger a deeper correction. Caution is advised when placing orders around these levels. Conclusion ADA and ONDO show strong signals for growth. Cardano's network upgrades and partnerships are driving interest. ONDO's innovative approach to decentralized finance is gaining traction. Both projects are well-positioned to attract more attention. Market trends indicate increasing adoption and potential price rises. Investors are keeping a close watch on these coins. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.