17 Jun 2025 | 01:25:12 AM IST
Cryptocurrency News & Live Updates
Synopsis
Hyperliquid's HYPE token has become the fifth-largest asset by futures open interest, reaching $2.06 billion, while XRP remains in the lead.
In recent developments, Hyperliquid's HYPE token has made headlines by becoming the fifth-largest digital asset in terms of futures open interest, surpassing dogecoin with a total of $2.06 billion. This surge reflects the growing popularity of specialized blockchain products, as HYPE has experienced a remarkable four-fold price increase over three months. Meanwhile, JuCoin has launched an innovative feature that converts trading losses exceeding 500 USDT into computing power, allowing users to earn passive rewards in JU tokens. Cardano has also reached a significant milestone with over 1.3 million staking addresses, indicating strong user engagement and potential price movements for ADA. Additionally, gold has entered a high-risk zone amid geopolitical tensions and shifting interest rate expectations, while VanEck's Matthew Sigel has urged Bitcoin-holding firms to protect shareholder value by implementing measures to avoid dilution risks. These developments highlight the dynamic nature of the cryptocurrency and financial markets, as traders and investors navigate new opportunities and challenges.
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HYPE Token Surges to Fifth in Futures Trading
Hyperliquid's HYPE token has become the fifth-largest asset by futures open interest, reaching $2.06 billion, while XRP remains in the lead.
JuCoin Introduces Feature to Convert Losses to Computing Power
JuCoin has launched the 'Contract Guardian Program,' allowing users to convert trading losses over 500 USDT into computing power, effective June 16, 2025.
Cardano Staking Addresses Hit 1.3 Million
Cardano has achieved a significant milestone with over 1.3 million staking addresses, reflecting strong user engagement and network growth.
Gold Faces Increased Risk Amid Global Tensions
Gold has entered a precarious zone due to rising geopolitical tensions and shifting interest rate expectations, with recent missile exchanges between Iran and Israel heightening market uncertainty.
VanEck Analyst Calls for Bitcoin Value Protection
Matthew Sigel from VanEck warns Bitcoin-holding companies about potential shareholder value dilution from new share issuance and suggests measures like halting issuance below NAV and share buybacks.
The Smarter Web Company Secures $37.1 Million for Bitcoin
The Smarter Web Company has raised £29.3 million (about $37.1 million) in an oversubscribed equity financing round to bolster its Bitcoin treasury reserves.
Binance Unveils 24th Exclusive TGE for Bombie (BOMB)
Binance's 24th Exclusive Token Generation Event (TGE) features Bombie (BOMB), with subscriptions opening on June 17, 2025, from 4 PM to 6 PM (UTC+8). Participation requires Binance Alpha Points, and an additional 50 million BOMB tokens will be reserved for future promotions.
CoinShares Enters Solana ETF Race
CoinShares has filed an application to compete in the Solana spot ETF market, bringing the total number of competitors to eight, as reported by Bloomberg's Eric Balchunas.
Spark (SPK) Added to Binance HODLer Airdrop
Spark (SPK) becomes the 23rd addition to Binance's HODLer Airdrop program, with eligible users receiving SPK airdrops for BNB subscriptions made between June 10-14. The token will be listed on Binance Spot on June 17, 2025.
Stablecoins Rise in Global Payment Systems
A recent Binance Blog article highlights stablecoins' significant role in global payments, with $94.2 billion settled between January 2023 and February 2025, driven by adoption and regulatory clarity.
Top Trading Pairs Dominate Binance USD-M Futures
In the last 24 hours, ETH/USDT, BTC/USDT, and SOL/USDT led the Binance USD-M perpetual futures market in trading volume, with varying long/short ratios and funding rates.
Cantor: Solana Treasury Strategy Outshines ETH
Cantor has rated Solana treasury companies DeFi Development, Upexi, and Sol Strategies as overweight, suggesting they should trade at a premium to their NAV due to the advantages of using Solana over Ether as a treasury asset.
Bitcoin Mining Costs Surge as Hashrate Reaches New Highs
Bitcoin miners are facing rising costs, with production expenses expected to exceed $70,000 per BTC due to increased competition and energy prices, despite stable bitcoin values.
Pakistan Denies Cryptocurrency Advisory Appointment
Reports suggested that Pakistan intended to appoint Michael Saylor as a cryptocurrency advisor, but officials from the country's cryptocurrency committee have refuted these claims.
Federal Reserve's Independence Under Political Pressure
Analyst Luca Pesarini suggests that the upcoming Federal Reserve meeting will be significant for its implications on central bank independence, especially amid President Trump's potential appointment of a successor to Jerome Powell.
Strategy Acquires 10,100 Bitcoins in One Week
Strategy has purchased a total of 10,100 bitcoins from June 9 to June 15, reflecting its ongoing commitment to expanding its cryptocurrency portfolio.
Circle's Shares Soar in NYSE Debut
Circle Internet's shares surged over 168% during their NYSE debut, valuing the stablecoin issuer at nearly $18 billion, signaling a potential revival for the crypto IPO market.
French Legislators Suggest Bitcoin Mining for Energy Surplus
A group of French lawmakers is pushing for a national review to assess how Bitcoin mining could mitigate the country's electricity overproduction, particularly from nuclear sources.
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