Tag:

heats

Valantis DEX acquires stHYPE as Hyperliquid staking heats up
NFT Gaming

Valantis DEX acquires stHYPE as Hyperliquid staking heats up

by admin



Valantis has taken a decisive step in the liquid staking market with its acquisition of stHYPE, the second-largest staking protocol on Hyperliquid’s HyperEVM.

Summary

  • Valantis acquired stHYPE, the second-largest liquid staking token on Hyperliquid.
  • The deal integrates stHYPE with Valantis’ DEX, targeting deeper liquidity and modular yield features.
  • Competition with kHYPE sets the stage for an expanding liquid staking market.

Announced on Aug. 19, the deal unifies stHYPE under the Valantis ecosystem. It sets the stage for expanded yield opportunities, deeper liquidity, and a stronger roadmap for Hyperliquid’s (HYPE) decentralized finance environment.

Integration and roadmap

Following the acquisition, Valantis takes complete control of stHYPE’s development, operations, and communication. The shift begins with a foundation phase where stHYPE is migrated to CoreWriter, a system designed to enhance security and transparency by enabling improved monitoring of off-chain infrastructure.

Community incentives will also expand through integrator rewards, ensuring stHYPE continues to be widely adopted across Hyperliquid’s protocols. In the second phase, stHYPE will be transformed into a modular liquid staking token that can support multiple staking addresses and allow new permissionless interactions between DeFi and staking applications.

This modular base is expected to connect staking with trading, lending, and HyperCore’s derivatives markets, giving liquidity providers more ways to participate from a single HYPE deposit.

Hyperliquid staking landscape

stHYPE enters this new chapter at a time of growing competition within Hyperliquid. kHYPE, which commands over a billion dollars in total value locked, has surpassed it as the dominant LST.  

Through the acquisition of stHYPE, Valantis hopes to close that gap by transforming its DEX into a hub for liquidity that vertically integrates trading and staking. The strategy also expands the scope of STEX pools, which already support efficient swaps and lending market integrations without waiting through staking withdrawal queues.

Hyperliquid’s liquid staking market appears to be changing, with protocols now competing not only on staking yields but also on depth of liquidity, DeFi integration, and the range of services provided. Valantis sees the merger with stHYPE as an opportunity to gain a stronger presence in a market that continues to attract new participants and innovations.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitcoin Hyper Presale Breaks $1M: $125K Crypto Whale Heats Up the Action for the First Ever $BTC Layer-2 with SVM.
NFT Gaming

$139K Crypto Whale Buy Heats Up the Presale

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bitcoin Hyper ($HYPER) token presale hit $1M today, marking a significant milestone in this promising Layer 2 project.

Particularly exciting is a series of buys totaling $139K just a few hours ago. This signals growing interest in the project, which is currently running one of the best presales of the year.

With Bitcoin ($BTC) reaching an all-time high just weeks ago, signs are pointing to another surge soon. Institutions are snapping up more $BTC and the likes of ARK Invest CEO Cathie Wood continue to be bullish on the world’s biggest crypto.

Because of this, it’s no surprise that Bitcoin-related projects like Bitcoin Hyper ($HYPER) are grabbing headlines and snagging whale buys these days. But what is it really and why would anyone spend $139K on the project?

Bitcoin Hyper: Taking Bitcoin to the Next Level

Bitcoin Hyper ($HYPER) is the first SVM-based Layer 2 (L2) for Bitcoin that aims to solve common issues with $BTC, such as slow transactions, high fees, and lack of native support for smart contracts or dApps.

Powering it is the all-time team of Solana Virtual Machine (SVM) and the decentralized Canonical Bridge, which enables the creation of fast, cheap, and composable dApps while preserving Bitcoin’s robust security.

The result is a combination of lightning-fast transactions executed on the L2 and settlement on the L1 for additional security. You get high-throughput, low-cost settlements, and almost no congestion (on a blockchain known for its slow speed).

By bridging $BTC to wrapped $BTC on the L2, users can participate in the Bitcoin Hyper ecosystem. And you can withdraw back to native $BTC at any time, so there are no strings attached.

Solana developers will also have a much easier time scaling dApps and smart contracts on Bitcoin, something previously thought to be impossible or extraordinarily hard to achieve.

The five-phase roadmap will see the mainnet launch in Q3 2025, when the L2 will be fully deployed. With an ecosystem expansion in Q4 (including a developer toolkit with API and SDK), the project is turning out to be one of the most promising altcoins this year.

$HYPER Token & Presale Info

$HYPER is the project’s native token. You can use it for all transaction and smart contract fees, participate in DAO decisions and community proposals, and unlock exclusive perks. Alternatively, you can stake it to earn APY rewards while helping secure the Bitcoin Hyper network.

Currently priced at $0.011825, you can get $HYPER at the official Bitcoin Hyper presale page. Just connect your crypto wallet (e.g., Best Wallet) to the presale widget, enter the number of tokens you want to buy, and pay with your credit/debit card or crypto ($ETH, $USDT, $USDC, and $BNB are accepted).

You can check out our Bitcoin Hyper buying guide for more details.

You can also stake your tokens for a 727% APY p/a. To date, investors have staked over 72.1M $HYPER tokens, with the number increasing by the hour.

$HYPER has a total supply of 21B tokens of which the project team has allocated 30% for development. This puts the project and its token in a good position to see exponential growth, with $HYPER potentially reaching $1.50 in 2030.

This would mean a 126x in less than five years, and that’s not counting the $HYPER rewards from staking.

The presale has raised $1,007,959 as of the writing of this article, and the price will increase in 11 hours.

The Time is Right for Bitcoin Hyper

As Bitcoin adoption should increase in the coming months and years, with more and more companies adopting it as strategic reserves, low cap coins like Bitcoin Hyper ($HYPER) are at right place and time to capitalize on this momentum. That’s why it’s hardly surprising that it broke $1M just hours ago.

Once launched, the Bitcoin Hyper L2 will bring the speed, scalability, and more affordable transaction costs that Bitcoin needs to meet growing demand.

Always remember to do your own research. Please use the information in this article only for educational purposes and not as investment advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Snorter Token – The Meme Coin with Real Utility Amid Trump-Musk Drama
GameFi Guides

Snorter Token Presale Heats Up Amid Trump-Musk Meme Coin Drama

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The meme coin space is officially unhinged – and we’re here for it.

In one corner, you’ve got Donald Trump throwing shade at Elon Musk, calling him ‘all talk’ while reminding everyone who approved those juicy Tesla subsidies.

In the other corner, the Department of Government Efficiency (DOGE), once led by Elon Musk, just secured full access to U.S. Social Security data, stirring controversy and privacy debates.

Meanwhile, $520M worth of Trump’s own meme coin is about to unlock next month, which could either launch it to the moon or… flatten it like a pancake on hot asphalt.

In short: meme coins are back, weird as ever, and louder than ever. But while the top dogs brawl, a new pig is snorting through the mud – and it might just run away with the whole show.

Trump and Musk Drama: When Billionaires Break Up, Markets Cry

If you missed it, here’s the recap: Trump and Musk have gone from allies to rivals.

After what looked like a tech-politics bromance, Trump blasted Musk for being disloyal and too dependent on government handouts.

Musk hit back, calling Trump’s policies a ‘disgusting abomination,’ pushing for impeachment, and even suggesting he’s named in the Epstein files.

The internet exploded with memes – and markets reacted. Meme coins dipped, Tesla shares slid, and Trump-aligned ETFs showed volatility.

During all this, the U.S. Supreme Court granted the Department of Government Efficiency (DOGE) access to Social Security data – a decision that triggered major privacy concerns, with critics warning of surveillance risks and future abuse.

To top it off, 50M $TRUMP tokens worth over $520M are set to unlock on July 18, adding 25% more to the current circulating supply.

Source: Tokenomist

With over 735M tokens still locked, traders worry this release could flood the market – and if demand doesn’t keep pace, it might trigger another meme coin meltdown.

Snorter Token – Where Meme Chaos Meets Real Trading Power

While Trump and Musk dominate the headlines, Snorter Token ($SNORT) is quietly reshaping the meme coin landscape – not just with snorts and squeals, but with real trading power under the hood.

At first glance, Snorter Token is the internet’s favorite new crypto project. But dig a little deeper and you’ll find a full-blown Telegram-native multi-chain trading bot built for degens on Solana and Ethereum.
The Snorter Bot turns Telegram into a high-speed, low-fee trading cockpit.

You can snipe token launches, auto-swap at sub-second speeds, set stop-losses, copy-trade whales, and track your portfolio – all without leaving chat.

It also features advanced MEV protection, cross-chain bridging via Portal Bridge, and upcoming staking rewards for early supporters.

Powered by the $SNORT token, the bot is part of a booming trend: Telegram bots for crypto trading.

As automated trading tools and Telegram bots take off in crypto, Snorter is positioning itself at the center of the action – blending meme-driven hype with the real utility of an AI agent built for fast, smart trading.

And as the meme wars rage on, from Trump’s token drama to DOGE’s legal win and a looming $520M unlock, $SNORT is seizing the moment, giving retail traders a powerful new tool.

Why You Need to $SNORT Now

Right now, you can buy $SNORT for just $0.0945.

The crypto presale has already pulled in over $569K – including a massive buy from Slovenia on June 6, where one buyer scooped up 166,297 tokens for 15,681 $USDT. That’s real money chasing real potential.

This is still early – before TikTok floods the feed, before YouTube screams ‘next Pepe,’ and before bots and whales front-run the presale.

Snorter Token isn’t just another meme coin riding the trend. It’s got a working bot, live on Telegram, plugged into real-time trading on Solana and Ethereum.

The memes bring the crowd, but the bot is what keeps them trading. If you’re done with bark-only meme coins, $SNORT might be your move.

Get in before the rest of the internet wakes up. Early snorters always get the goods.

Final Word: Time to Pay Attention

Trump and Musk might be hogging the headlines, but the real momentum could be building behind Snorter Token.

With meme coins stealing the spotlight again, $SNORT isn’t playing it quiet – it’s gearing up to be the next viral hit in the space.

In a market driven by memes, hype, and fast moves, sometimes the smartest play is the boldest one – especially when there’s real tech behind it. And let’s be honest: crypto could use a fresh meme project that actually delivers.

Remember that this article is not financial advice. Always do your own research (DYOR) before investing in cryptocurrency.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitcoin
GameFi Guides

Bitcoin Blockchain Heats Up This Week: On-Chain Activity Sees Sharp Uptick

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After a sudden bearish market wave, Bitcoin seems to have lost its upward momentum as the flagship asset dropped sharply to key support levels, which could influence its price and market dynamics. Although bearish pressure has grown strong, it has not hindered Bitcoin’s network activity growth.

On-Chain Activity For Bitcoin Goes Wild

Bitcoin’s price is exhibiting bearish performance, but its network activity has shown notable growth in the past few days. A recent report from Santiment, a leading on-chain data analytics platform, reveals that the BTC blockchain is thriving this week, as on-chain activity improves.

This fresh burst of blockchain energy suggests a robust engagement and interest from users. It also reflects growing bullish conviction among long-term and new players, which may herald the start of a more active market period.

Following weeks of sluggish activity, key metrics such as newly active addresses and circulated coins have increased sharply again. According to Santiment, the recent surges in these areas are observed to be the highest daily network growth and coin circulation spikes of the year.

Data from the platform shows that over 556,8830 wallet addresses were created on May 29, marking its top level since December 2, 2023. Meanwhile, on June 2, the Bitcoin network witnessed its biggest circulation day since December 8, 2024, with 241,360 coins circulated.

BTC’s growing on-chain activity | Source: Santiment on X

Santiment highlighted that the growth in BTC’s network on-chain activity is generally positive for the flagship asset. Thus, the platform contends that the development is crucial to monitor closely as the broader crypto market ranges.

These spikes coincided with bearish pressure, causing BTC to hover just below the $105,000 price mark. However, the flagship asset has now lost this level completely, triggering a continuation of the current downward trend to the next critical price points.

While BTC’s price has fallen sharply below the level, Ali Martinez, a crypto and on-chain analyst, has pointed out two key zones at $103,250 and $101,000 acting as crucial areas of support. Presently, Bitcoin has dropped close to the $103,250 zone, leaving $101,000 as the next strong area of support to watch out for.

BTC Major Investors Exhibiting Bullish Sentiment  

Even though BTC has declined alongside a waning market action, bullish sentiment is starting to return among the largest investors. Glassnode, an on-chain data and financial platform, reported this shift in big investor behavior, indicating renewed interest in BTC.

The platform highlighted that the largest investors, those holding 10,000 BTC and more, are making a comeback in the accumulation game after briefly leaning toward distribution. Such growing buying pressure among these whales implies institutional confidence in Bitcoin’s long-term prospects.

Data shows that all wallet cohorts exhibit different levels of buying, with the strongest activity spotted among the 10–100 BTC and <1 BTC groups. BTC’s trend accumulation score reveals that these cohorts have a score of 1.0, which is the highest possible level.

BTC trading at $103,431 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Russia
Crypto Trends

Russia’s War On Illegal Mining Heats Up With Bitcoin Seizures

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A former electric‐grid executive in Russia has lost roughly ₽7 million (about $88,570) in Bitcoin after law enforcement agents seized his stash.

According to a press release from the Investigative Committee for the Amur Oblast, the man—once in charge of technological connection services at the Far Eastern Distribution Company—used his inside knowledge to tap the grid and run mining rigs in his own home.

He allegedly bypassed a metering device in 2024, stealing more than ₽3.5 million (around $44,334) worth of electricity to mine about 0.8414 BTC.

The operation came to light when officers from Russia’s main federal investigating body, working with the Federal Security Service, raided his property and took control of his digital wallet.

Details Of The Raid

Based on reports from the Amur branch of the Far Eastern Distribution Company, investigators tracked unusual power usage at the former executive’s residence.

They say he made an illegal connection to his employer’s grid facilities and hid the extra load from meters. When agents moved in, they found multiple mining rigs set up in his residential building. Those machines had already produced roughly 0.8414 BTC, which was valued at about ₽7 million at the time of seizure.

BTC is now trading at $105,798. Chart: TradingView

Electricity Theft And Mining

According to investigators, the man tapped into DRSC’s distribution network without permission. He avoided regular billing by rerouting power lines and tricking meters. Over time, this added up to more than ₽3.5 million in stolen electricity bills.

With that free power, he was able to mine Bitcoin in a space that looked like any other apartment. The press release noted that he used his role to both approve fake connections for others and skim electricity for himself.

In addition to crypto mining, officers discovered he had taken bribes from local business owners, who paid him to speed up approvals for power‐related documents.

Crypto mining requires a lot of energy, and thousands of specialized computers to run almost round the clock. Image: Christinne Muschi/Alamy

Legal Hurdles And Changes

Mining or holding Bitcoin has been tricky in Russia because the cryptocurrency doesn’t have clear legal status. Based on reports, this case moved forward because a draft law—made public in April—aims to let law enforcers treat crypto assets as intangible property in criminal cases.

If that bill becomes law, courts could more easily order the seizure of Bitcoin and other digital tokens. Until then, investigators have been relying on existing anti‐theft and anti‐corruption statutes to confiscate crypto, as seen when they nabbed $8.2 million worth of crypto from a Hydra darknet operator or seized 1,032 BTC (roughly $88.5 million at today’s rates) from a former SKR investigator found guilty of taking bribes in Bitcoin.

Broader Crackdown In Russia

This arrest is just one piece of a wider effort for Russia to clamp down on illegal crypto activity. Over the past year, Russian authorities have gone after darknet markets, insider traders hiding behind crypto deals, and anyone using hacks to steal electricity for mining.

Based on reports, federal agencies believe that tapping the grid for free power has become a common trick among local miners—especially in remote regions where oversight is weaker.

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up
GameFi Guides

Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up

by admin



Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform.

The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last seen in March, as traders reacted to the protocol’s expansion plans.

The primary catalyst behind JUP’s rise is the anticipated launch of Jupiter Lend, a decentralized lending platform set to go live in the summer of 2025. Announced on Thursday, May 22, the platform aims to become “the most advanced money market on Solana.”

According to the protocol, Jupiter Lend will offer a loan-to-value ratio of up to 90%, significantly higher than the 75% offered by most crypto lending platforms. Platform fees are expected to be as low as 0.1%.

Jupiter rises on DeFi growth on Solana

As the largest dApp on Solana, Jupiter DEX aggregator benefits significantly from Solana’s (SOL) growing ecosystem. Notably, by July, 42% of all Solana DEX transactions are routed through Jupiter. At the same time, the platform has 95% of the DEX aggregator market share.

For this reason, the latest increase in Solana’s DeFi metrics also contributed to Jupiter’s growth. Specifically, the value of all memecoins on Solana has reached $14 billion, significantly higher than the July low of $6 million.

Solana’s network activity is also accelerating. Weekly transactions rose 7.3% to 462.5 million, while active addresses climbed above 34.7 million. Notably, Solana now processes more weekly transactions than all other chains combined. In terms of active addresses, it leads by a wide margin, with Base in second place at 9.2 million.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close