Hyperliquid’s expansion across the DEX landscape and its growing user base could trigger a HYPE price rally above $45. Key point: Hyperliquid’s solid growth trajectory could retain investors’ interest in HYPE. Hyperliquid (HYPE) has witnessed a strong growth trajectory in the past year, with average trading volume soaring, reaching $3 billion to $5 billion from less than $100 million, according to CoinGlass’ semi-annual crypto derivatives outlook. Read more
SEC commissioner Hester Peirce echoed former chair Gary Gensler in calling for market participants to “consider meeting with the Commission and its staff.” US Securities and Exchange Commission (SEC) member Hester Peirce issued a blanket warning for companies considering distributing and trading tokenized securities. In a Wednesday statement, Peirce called on companies to discuss their potential tokenized offerings with SEC officials amid “new entrants and many traditional firms [...] embracing onchain products.” Though the SEC commissioner, who also heads the agency’s crypto task force, did not explicitly mention trading platform Robinhood, her notice came roughly two weeks after the company launched a tokenization-focused layer-2 blockchain. Read more
XRP charts point to new highs. Will Ripple’s attendance in next week’s “From Wall Street to Web3” summit boost the altcoin’s price? Key point: XRP will complete a bullish pattern on a break above $2.34, which could propel the price toward new highs. Lawmakers with the US Senate Banking Committee will conduct a hearing on Wednesday titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” and Ripple CEO Brad Garlinghouse is one of the participants. Read more