Market focus

Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin dominance dipped 6% over the past 30 days. Bitfinex analysts said in a markets report…

The native token powering the decentralized derivatives exchange Hyperliquid was one of the few to post a gain over the last 24 hours, as crypto entrepreneur Arthur Hayes told an audience in Tokyo he expects it to increase 126x over the next three years. Hyperliquid (HYPE) has gained almost 4% over the last 24 hours…

The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase. Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week over the next three years to satisfy demand from stablecoin…

Solana throughput briefly spiked to six figures under a high load of program call transactions over the weekend, according to a developer. Mert Mumtaz, the co-founder of the Solana developer tooling firm Helius, said on Sunday that Solana became the “first major blockchain” to record 100,000 transactions per second (TPS) on its mainnet. He shared that a…

Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble. “People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told Natalie Brunell…

US-based spot Bitcoin and Ether exchange-traded funds (ETFs) just logged their strongest week of combined trading volume yet, according to an ETF analyst. “Biggest week ever for them, thanks to Ether ETFs stepping up big,” ETF analyst Eric Balchunas said in an X post on Friday. Ether ETFs were “asleep” for 11 months, says Balchunas “Ether ETFs’…