Crypto Industry News & Market Trends

21Shares launches first U.S. Hyperliquid ETFs with staking exposure

21Shares has launched the first U.S.-listed exchange-traded funds tied to Hyperliquids HYPE token, introducing both a spot product with staking exposure and a leveraged fund tied to the decentralized derivatives platform.21Shares has launched the first U.S. ETFs tied to Hyperliquids HYPE token through spot and leveraged products.Bloomberg ETF analyst James Seyffart said the THYP fund recorded about $1.8 million in first day trading volume.The launch came days after 21Shares introduced its Canton Network ETF tied to tokenized finance infrastructure.　　According to a statement shared with crypto.news, the new products include the 21Shares Hyperliquid ETF under the ticker THYP and the 21Shares 2x Long Hyperliquid ETF trading as TXXH. The asset manager said the funds are designed to give investors regulated exposure to HYPE without directly holding the token.　　Trading data shared Tuesday by James Seyffart showed THYP generated roughly $1.8 million in first-day trading volume. Seyffart described the debut as stronger than a typical ETF launch, though he noted the volume remained well below some earlier altcoin ETF debuts in the U.S. market.　　Figures previously cited by Seyffart showed the first spot XRP ETF recorded about $58 million in opening-day trading volume last year, while the first Solana ETF launch produced nearly $57

05-13Industry

Ripple News: XRP Whale Wallets Hit Record High as ETF Holdings Climb to $1.44 Billion

The post Ripple News: XRP Whale Wallets Hit Record High as ETF Holdings Climb to $1.44 Billion appeared first on Coinpedia Fintech News　　XRP may still look stuck on the charts, but bigger holders clearly havent stopped accumulating. According to on-chain data shared by Santiment, the XRP Ledger has now reached an all-time high of 332,230 wallets holding at least 10,000 XRP.　　The findings show that it has been steadily growing since June 2024, even through all the sideways price action and volatility this year. Though the numbers arent great, out of more than 7.7 million activated XRP addresses, wallets holding 10,000 XRP or more are considered part of a pretty exclusive bracket. Based on XRP rich list data, that amount puts a holder roughly in the top 5% globally.　　Santiment says this kind of wallet growth usually points to long-term conviction rather than short-term trading. In simple terms, larger holders seem more interested in positioning early instead of waiting for hype and momentum later.　　But heres the catch: the accumulation keeps growing even though XRP is still trading below previous highs. Instead of chasing breakouts, many holders appear more comfortable buying during uncertainty.　　ETF Exposure Keeps Expanding　　On the other hand, big firms are showing

05-13Industry

Solana (SOL) Price Eyes Three-Digit Territory as Key Catalysts Align

Tech　　Solana (SOL) Price Eyes Three-Digit Territory as Key Catalysts AlignSolana (SOL) currently trades around $94–$95, challenging critical resistance at $96 with $100 as the next psychological targetAlpenglow protocol upgrade — representing Solanas most significant consensus mechanism overhaul — has transitioned to live validator community testing phaseSpot Solana ETFs maintained positive capital flows for seven consecutive trading sessions, with single-day inflows reaching $26.57 millionCrypto analyst More Crypto Online confirms SOL is “following the plan,” projecting potential upside to $104 and $108 levelsTechnical analyst The Cryptomist identifies short-term trendline breakout, suggesting SOL may reclaim $100 territory if Bitcoin maintains current support　　Solana continues trading just beneath a critical resistance threshold as both development momentum and institutional capital flows accelerate.　　Solana (SOL) Price　　SOL was changing hands near $94.87 during Tuesdays trading session, registering approximately 10% gains over the previous seven-day period. This price appreciation coincided with broader cryptocurrency market strength, as Bitcoin maintained positions above the $81,000 threshold.　　Market participants are closely monitoring the $96 price level as the immediate hurdle. Successfully clearing this resistance could establish a pathway toward the psychologically significant $100 mark, with subsequent targets at $104–$108.　　Downside support zones are established between $89.72 and $93.32. Maintaining price action above this range would preserve

05-13Industry

Ripple UDAX, Levery & FGV Boost On-Chain Liquidity in LatAm

Tech　　Ripple UDAX, Levery & FGV Boost On-Chain Liquidity in LatAm　　Ripple UDAX, Levery and FGV Unite to Build Institutional On-Chain Liquidity for Brazilian Banks　　Levery, an infrastructure provider that enables banks and financial institutions to launch digital asset exchanges using automated market maker (AMM) technology, has partnered with Ripple UDAX and Fundação Getulio Vargas (FGV) to across Brazil and Latin America.　　The collaboration represents a major move toward building regulated, blockchain-powered financial infrastructure for traditional banks across the region.　　At its core is Ripple UDAX (University Digital Asset Xcelerator), an initiative born from Ripples partnership with the University of California, Berkeley under the University Blockchain Research Initiative (UBRI).　　This program connects academic research with practical blockchain deployment, fast-tracking institutional adoption of distributed ledger technology and expanding real-world use cases across the ecosystem.　　Through the partnership, Levery supplies the core infrastructure that enables banks to run compliant, AMM-powered trading environments.　　This allows financial institutions to launch and manage digital asset exchanges with built-in regulatory alignment and full operational transparency. Designed for institutional use, the model prioritizes scalability, auditability, and seamless cross-border interoperability.　　Brazil Emerges as a Launchpad for Institutional On-Chain Liquidity in Latin America　　The system is built around deep liquidity provisioning on the XRP Ledger, enabling real-time settlement across

05-13Industry

Small cap, big gains - Decoding the FOMO behind USELESS’s recent 70% surge

Tech　　Small cap, big gains – Decoding the FOMO behind USELESSs recent 70% surge　　Useless [USELESS], the Solana-based memecoin that pokes fun at conventional utility tokens, has rallied by almost 80% over the past week. This memecoin proudly calls itself “the most honest cryptocurrency” and brags of having zero purpose and 100% uselessness.　　It rallied by 7.2% in the last 24 hours and had a $76.96 million market cap at the time of writing. This figure is relatively small though, even for a memecoin. Hence, quick gains and even quicker sell-offs can be expected.　　USELESS vertical rally expectationsSource: X　　In a post on X, user Unipcs, or the Bonk Guy, theorized that USELESS could embark on a silly bullish trend. It has 100 days of consolidation near the $0.04 lows and finally managed to break out above $0.05 recently.　　A long consolidation implies sellers are exhausted, and buyers have been accumulating. A bullish breakout from this consolidation phase, for a small-cap memecoin, could make for a parabolic run.　　The sidelined market participants would be forced to chase the gains across both the spot and futures markets. This FOMO demand can drive USELESS higher with hardly any dips along the way, he argued.　　Memecoins, especially the smaller ones, tend

05-13Industry

ONDO Global Markets reaches $1B in tokenized stock TVL in 8 months

Tech　　ONDO Global Markets reaches $1B in tokenized stock TVL in 8 months　　Ondo Global Markets just hit $1 billion in total value locked across its tokenized stocks and ETFs, and it did so in less than eight months. That makes it the fastest platform to reach this milestone in onchain finance, a category that includes stablecoins, which have had a multi-year head start.　　The numbers behind the milestone　　Ondo Global Markets now holds more than 70% market share in tokenized equities.　　The platform currently offers more than 260 live assets, spanning sectors including AI, biotechnology, defense, and energy.　　Cumulative trading volume has already exceeded $18 billion.　　The platform is currently deployed across Solana, BNB Chain, and Ethereum. More recently, Ondo integrated with Hyperliquid‘s HyperEVM through Ondo Bridge, which allows tokenized stocks and ETFs to flow into Hyperliquid’s trading infrastructure.　　Why tokenized stocks are gaining traction now　　Tokenized stocks on platforms like Ondo offer continuous trading, meaning they arent bound by the 9:30 AM to 4:00 PM Eastern window that governs traditional US stock exchanges. They also enable fractional ownership, which is particularly relevant for high-priced shares that might otherwise be inaccessible to smaller investors in emerging markets.　　Institutional interest has been a major catalyst. Favorable regulatory developments have made

05-13Industry

Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next?

Tech　　Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next？　　The post Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next？ appeared first on Coinpedia Fintech News　　The Injective price witnessed a massive breakout over the past 24 hours and surged nearly 13%, reclaiming the $5 range. The rally comes amid rising market participation, increasing open interest, and growing bullish momentum across the derivatives market. After weeks of gradual recovery, the crypto is approaching a decisive resistance zone that could determine the next phase of the trend.　　The daily chart suggests the token may have confirmed a rounded-bottom recovery pattern after rebounding from the April lows. The latest breakout candle has pushed the price above a crucial resistance level around $5.15. Besides, the volume and open interest have also surged sharply during the move.　　The rounded-bottom formation reflects a gradual shift from accumulation to expansion, which is often considered an early bullish reversal signal. At the same time, the sharp rise in open interest suggests fresh leveraged positions are entering the market. Another important signal is the negative funding rate despite the strong price surge. This indicates many traders are still positioned short, increasing the possibility of

05-13Industry

tZERO taps Aptos for institutional tokenized asset issuance

tZERO Group has partnered with Aptos Foundation to let issuers launch tokenized assets on the Aptos blockchain through tZEROs tokenization platform.tZERO has added Aptos blockchain support for issuers launching tokenized assets through its platform.Aptos said its network has crossed $1.2 billion in real world assets and is already used by firms including Franklin Templeton and BlackRock.　　According to tZERO Group‘s announcement shared with crypto.news, the integration adds Aptos as one of the supported blockchain networks for issuers using tZERO’s infrastructure, allowing firms to deploy eligible tokenized assets on Aptos while following their own compliance and operational requirements.　　The company said Aptos has already crossed $1.2 billion in real-world assets on-chain and described the network as one of the fastest-growing blockchains for tokenized finance. Aptos Foundation also pointed to existing institutional involvement on the network, including projects tied to Franklin Templeton and BlackRock.　　Under the collaboration, tZERO said it will connect its tokenization systems with Aptos protocol standards covering wallets, authentication, identity tools, and token functionality. Aptos will also become one of the execution layers used for tokenized assets processed through tZEROs infrastructure.　　“We are pleased to collaborate with the Aptos Foundation as we expand support for tokenized asset infrastructure on the Aptos network,” Alan

05-13Industry

DeFi Superapp Legend Shuts Down After Failing to Scale

Tech　　DeFi Superapp Legend Shuts Down After Failing to Scale　　The company said it failed to achieve the scale needed for long-term sustainability despite raising $15 million in funding from investors in 2025. The closure comes as more than 20 DeFi, NFT, and GameFi projects have shut down this year already due to declining user activity, financial pressure, hacks, and volatile market conditions.　　Crypto Superapp Legend Announces Shutdown　　Decentralized finance mobile superapp Legend that it will shut down after roughly two years of operation. The platform was designed to simplify for mainstream users, and said it would continue operating for another 60 days before officially going offline on July 12.　　Legend launched as a mobile-first, non-custodial DeFi aggregator. The goal of the application was to make decentralized finance easier to use by allowing users to access multiple DeFi services from a single interface instead of navigating several wallets, protocols, and decentralized applications individually.　　Despite attracting investor backing and building a product that appealed to a niche audience, Legend co-founder Jayson Hobby that the platform never reached the scale required to sustain the business long term. In a statement announcing the shutdown, Hobby explained that while the company strongly believed the right user interface could bring DeFis

05-13Industry

XRP Hits All-Time High of 332,230 Wallets

Tech　　XRP Hits All-Time High of 332,230 WalletsSubstantial market growthFull network recovery　　With 332,230 wallets holding at least 10,000 XRP, XRP Ledger has achieved a significant on-chain milestone. The number indicates ongoing accumulation from mid-to-large holders, despite erratic market conditions, and continues a growth trend that has been steadily increasing since June 2024.　　Substantial market growth　　The information is significant because wallet growth of this magnitude typically indicates growing long-term conviction, as opposed to short-term speculative trading.　　Growing numbers of larger XRP wallets in the past indicate that investors are not emotionally responding to short-term price fluctuations, but rather positioning for future gains.　　Schwartz: Ripple Doesnt Control Consensus　　Bitcoin (BTC), XRP, Shiba Inu (SHIB), Toncoin (TON) and Zcash (ZEC) Price Analysis for May 13: Hiding Explosive Volatility Potential　　Source: Santiment　　The timing of the milestone adds to its intrigue. Larger holders continued to accumulate during times of uncertainty and general market weakness, even though XRP spent a large portion of 2024 trading below previous cycle highs.　　Many participants seem to have accumulated during fear-driven corrections rather than chasing euphoric breakouts. This is frequently regarded as a better long-term signal for network confidence.　　The trend did have one significant break. Between February 6 and February 8, the network lost over 4,500 wallets

05-13Industry

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