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HYPE Token Price Surges as Hyperliquid Engages With CFTC on 24/7 Crypto Trading

by admin May 24, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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May 24, 2025 0 comments

Crypto Trends

Aptos price at range low support could spark major reversal toward $20

by admin May 24, 2025

Aptos is holding firm at a key long-term support zone near $3.20, a level that has historically preceded strong bullish reversals. A breakout above resistance could ignite a move toward $20.

Aptos (APT) is trading at the lower boundary of a large high time frame range, a zone that has historically acted as a strong support base. This range low, combined with the value area low, forms a technical confluence around the $3.20 region. Price action has respected this level multiple times since 2022, each time preceding a bullish rally toward the $19–$20 resistance zone.

The current structure suggests accumulation is underway, potentially setting the stage for a rounded bottom formation — a classic reversal setup. However, a break above the point of control (POC) is essential to confirm the start of an expansion phase. Until then, Aptos remains range-bound, but the context leans bullish.

Key technical points,

Major Support: $3.20 range low in confluence with the value area low
Key Resistance: Point of Control (POC) needs to be broken with volume
Target Resistance Zone: $19–$20, the long-term range high

APTUSDT (1D) Chart | Source: TradingView

From a structural perspective, Aptos is forming a rounded bottom, which often signals accumulation and the potential for reversal. As price curls up from the support zone, momentum is gradually building. The most critical level to monitor now is the point of control — a horizontal level of heavy volume that has historically acted as a ceiling for price.

A convincing breakout above the POC, backed by a spike in volume, would shift the current structure from consolidation into expansion. Historically, price has accelerated toward the $20 region shortly after breaking above this level. This same setup could be unfolding again, and as long as price holds the current $3.20 support, the probability of upside continuation increases.

Market context also shows that Aptos is trading within a clearly defined range, but with each touch of the lower boundary, bullish responses have followed. The pattern suggests that the current phase is more likely an accumulation rather than distribution, increasing the odds that the next major move will be to the upside.

What to expect in the coming price action

If Aptos continues to hold the $3.20 level and breaks above the point of control with volume, a move toward the $19–$20 range high is likely. Until then, expect consolidation with a bullish bias as accumulation continues beneath resistance.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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May 24, 2025 0 comments

Worldcoin rallies 10% as World Foundation raises $135M

NFT Gaming

Worldcoin and Hyperliquid to extend price rallies

by admin May 23, 2025

Worldcoin and Hyperliquid rank among the top two cryptocurrencies by weekly gains. CoinGecko data shows that WLD and HYPE gained nearly 35% in the past week. The two tokens could extend their price rally next week.

Worldcoin (WLD) has rallied for seven consecutive weeks, seen in the WLD/USDT weekly price chart. In the last 24 hours, WLD gained nearly 2% and nearly 35% in the last seven days. Worldcoin’s rally is likely driven by a series of announcements from the Sam Altman-led AI firm regarding the project’s expansion plans.

Hyperliquid (HYPE) added 7% to its value on the day, up nearly 35% in the last seven days. The project’s recent gains are attributed to HYPE accumulation and demand from crypto elites like Arthur Hayes, former BitMEX CEO and co-founder of Maelstrom.

Worldcoin and Hyperliquid price forecast

Worldcoin posted seven consecutive weeks of gains, and the rally continued this week. WLD price could extend its rally according to technical indicators on the weekly timeframe. A 32% increase could push WLD to test psychologically important resistance at $2.

RSI reads 51, crossing above the neutral level at 50 and MACD flashes consecutively green histogram bars, signaling a positive underlying momentum in WLD price trend.

In the event of a flashcrash or market-wide correction, WLD could slip to support at $0.914.

WLD/USDT weekly price chart | Source: Crypto.news

The daily price chart supports a similar thesis with WLD targeting resistance at $1.641, the lower boundary of an FVG. This marks nearly 8% climb for WLD from the current price level of $1.538.

The $0.835 support is key to WLD as the AI token continues its upward trend. RSI has crossed above 70, into the “overbought” zone and MACD signals positive underlying momentum in WLD price trend.

WLD faces resistance at $2, marked as R2 on the WLD/USDT daily price chart.

WLD/USDT daily price chart | Source: Crypto.news

HYPE is 13% away from its closest resistance, at R1, marked by $40 on the daily timeframe. HYPE started its upward trend on April 7, 2025. The token could find support at $32 in the event of a correction.

Momentum indicators on the daily timeframe support further gains in HYPE, RSI climbed towards 83 and is sloping upwards. MACD is flashing green histogram bars above the neutral line, signaling the underlying positive momentum in HYPE price trend.

The 2024 peak of $42.252 is a key target for HYPE, it comes into play once the token flips resistance at $40 into support.

HYPE/USDT daily price chart | Source: Crypto.news

WLD and HYPE on-chain analysis

Worldcoin’s on-chain indicators support a bullish thesis for WLD in the coming weeks. Network realized profit and loss, a metric that identifies the net profit/loss of all tokens moved on a given day shows consistent loss realization from traders throughout the first part of 2025.

NPL shows likely capitulation in WLD, typically followed by an increase in a token’s price. The whale transaction count in two segments, valued at $100,000 and $1 million and higher shows spikes this week.

Large wallet investors moved their WLD tokens realizing gains on their holdings, in a relatively small volume compared to the count of traders taking losses in the past few weeks. This shows selling pressure on WLD is relatively low and there is scope for price gain next week.

Worldcoin on-chain analysis | Source: Santiment

Hyperliquid’s on-chain metrics show a spike in trade volume, weighted sentiment and social dominance alongside the rally. HYPE price rallied this week, driving up the share of HYPE’s mentions across social media platforms and weighted sentiment turned increasingly positive.

While a spike is noted in social dominance and weighted sentiment, it remains relatively low when compared to the large positive spike observed in March 2025. This was followed by a correction in HYPE and the token started its upward trend in the second week of April 2025.

Hyperliquid on-chain analysis | Source: Santiment

Derivatives traders bullish on HYPE rally, WLD hype fades

Derivatives data from Coinglass shows that long/short ratio exceeds 1 for HYPE. This implies traders are bullish on gain in HYPE price, and short positions dominate liquidations in the 24 hour timeframe.

The total liquidations for the last 24 hours are $940,000, a majority of short positions paid for longs, according to Coinglass data.

Hyperliquid derivatives data analysis | Source: Coinglass

The futures open interest chart for HYPE shows that OI is at its highest level since December 2024. OI has climbed to $1.16 billion, during the ongoing price rally and this marks the total value of open derivatives contracts in HYPE.

Hyperliquid futures open interest (USD) | Source: Coinglass

Worldcoin derivatives data analysis shows nearly 50% increase in OI in the last 24 hours. Similar to HYPE, short liquidations exceed long and the total volume of liquidations stands above $7 million.

The long/short ratio is under 1 and shows derivatives traders may not be as bullish on WLD price gain and sidelined buyers should exercise caution when opening a trade in the AI token.

Worldcoin derivatives data analysis | Source: Coinglass

Catalysts driving gains in WLD and HYPE

For WLD, one of the largest catalysts is the announcement of Worldcoin’s expansion and the direct token sale to a16z and Bain Capital Crypto. News of a direct purchase of $135 million in WLD has fueled a bullish sentiment among traders.

Through its official account, the Worldcoin team said that the investment was a direct purchase of non-discounted tokens, by two of the “earliest backers” of the project.

The funding comes from two of World’s earliest backers and long-term holders — a16z and Bain Capital Crypto.
This wasn’t a venture round. It was a direct purchase of non-discounted liquid tokens.

The circulating supply of WLD has thus increased correspondingly.…

— World (@worldcoin) May 21, 2025

Hyperliquid has made several announcements about bridges built to transfer tokens to the HYPE ecosystem, new listings and partnerships. However, a recent tweet from Maelstrom co-founder Arthur Hayes has supported the social media mentions of HYPE.

Early on Friday, Messari Crypto reported that a Hyperliquid short-seller got liquidated for $23 million as the token posted nearly 90% gains.

Tether and its partner Plasma Foundation power zero-fee stablecoin transfers and the initiative was extended to the Hyperliquid exchange, adding to the list of catalysts.

The on-chain perpetual exchange’s new listings, partnerships and the arrival of zero-fee stablecoin transfers in its ecosystem are currently the largest catalysts driving gains in HYPE token.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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May 23, 2025 0 comments

Crypto Trends

Ethereum Surges With Force As Price Logs Most Significant Daily Rally In Years

by admin May 23, 2025

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

Since the past few days, Ethereum price action has been nothing but quite stunning after breaking past the key $2,400 resistance level that previously hampered upside attempts. ETH’s breaking past this level has provided some sort of stability to the current upward trend as the altcoin continues to record significant gains.

A Historic Ethereum Daily Price Surge

With the broader crypto market recovering strongly, Ethereum seems to have found its footing alongside other major digital assets. Considering its recent move, seasoned market expert and host of the Crypto Banter show, Kyle Doops, claims that Ethereum has jolted back to life, indicating a resurgence of a bull market trend.

Kyle Doops made the assertion due to ETH’s remarkable performance on Thursday, pushing past the crucial $2,600 barrier range. This notable move is attributed to the renewed investors’ interest in altcoins in light of shifting market dynamics.

According to the market expert, the altcoin has pulled an over 50% price increase from the $1,800 mark to $2,700 after trailing the entire cycle. ETH’s growth within this price range was mainly bolstered by the recent integration of the Ethereum Pectra Upgrade, which was launched on May 7.

ETH records biggest daily gains | Source: Kyle Doops on X

The Pectra Upgrade is a key update in the Ethereum network consisting of two major aspects meant to enhance scalability and efficiency. Furthermore, the upgrade marks the blockchain’s most significant change made to the network since the Merge was launched in 2022.

After navigating the ETH Daily Price Performance metric, Kyle Doops revealed that the altcoin recorded more than a 21.8% rise in under 24 hours. It is worth noting that this sharp move is the biggest daily gain Ethereum has experienced since May 2021.

Given the robust bullish sentiment in the crypto market, the expert is confident that Ethereum might be waking up from its prolonged slumber, suggesting the potential beginning of a new bull phase for the crypto giant.

ETH’s Active Addresses Count On The Rise

Ted Pillows, a crypto enthusiast and investor, asserted that ETH is waking up, with its eyes set on reclaiming the $2,664 once again. Pillows is confident about ETH’s short-term performance as the weekly active addresses on the Ethereum network increase sharply, suggesting that upside momentum is building.

Data shows that the number of weekly active addresses has risen to 15.65 million. Specifically, this growth in active wallets reflects investors’ strong adoption and conviction in the network, which could set the stage for a more sustainable increase in ETH’s price.

Pillows remain extremely bullish in Ethereum’s future action, stating in a previous X post that a huge rally to the “$6,000 milestone isn’t a question of if, but when.” His prediction is due to the fact that ETH has not looked back since its deflationary shift in September 2022, and the next rally may just be “the most hated one ever.”

ETH trading at $2,671 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 23, 2025 0 comments

Crypto Trends

Jasmy price forms a risky pattern as whales offload

by admin May 23, 2025

JasmyCoin, popularly known as Japan’s Bitcoin, is at risk of a bearish breakdown after forming a risky pattern, and as whales continue dumping.

JasmyCoin (JASMY) price was trading at $0.018 on Friday, up by 130% from its lowest level in April. This rebound has brought its market cap to $938 million.

On-chain data by Santiment shows that JASMY whales have been on a selling spree this year, as it dropped by 68% from its highest point in December.

The supply held by whales has dropped to 26.58 billion, down from the year-to-date high of 28.45 billion. This means that these whales have offloaded almost 2 billion coins since February.

Whales have continued selling this month as its price jumped. They held 26.6 billion of the supply on May 1, which has slipped to 26.58 billion today.

Crypto investors watch whale activity because these participants are seen as more sophisticated and experienced than retail traders.

Jasmy on-chain data | Source: Santiment

Another red flag is that the volume of JASMY tokens on exchanges has started rising in the past few days. There were 15.9 billion coins on exchanges, up from 15.83 billion earlier this week.

Soaring exchange balances is risky because it is a sign that investors are moving their tokens from self-custody wallets to exchanges. This transfer typically happens when investors want to sell their coins.

JasmyCoin exchange balances are rising | Source: Nansen

Started in 2016 by a team of ex-Sony employees, Jasmy is a popular cryptocurrency at the intersection of Internet of Things or IoT, blockchain, and data privacy. It offers a personal data locker, which enables users to store data from IoT devices. It also offers more decentralized data management features.

JASMY price technical analysis

Jasmy price chart | Source: crypto.news

The daily chart shows that JASMY price has bounced back in the past few weeks, moving from a low of $0.00825 in April to $0.018. It flipped the crucial resistance level at $0.01620, its lowest point on November 4, into a new support.

However, Jasmy has found resistance at the 200-day Exponential Moving Average. It has also formed a rising wedge pattern, a common bearish reversal sign. This pattern is made up of two ascending and converging trendlines. The MACD indicator points to a bearish divergence.

Therefore, JasmyCoin price will likely have a bearish breakout in the coming weeks. If this happens, the next first target will be at $0.01620, followed by the psychological point at $0.0010.

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May 23, 2025 0 comments

GameFi Guides

XRP Price Prediction for May 23

by admin May 23, 2025

The market keeps setting new local peaks, according to CoinMarketCap.

Top coins by CoinMarketCap

XRP/USD

The rate of XRP has risen by 0.52% over the last day.

Image by TradingView

On the hourly chart, the price of XRP is in the middle of the local channel, between the support of $2.41 and the resistance of $2.4799.

BTC Enters Strongest Accumulation Phase Since January as Bitcoin Price Tops $110K

by admin May 23, 2025

Bitcoin

has entered a strong accumulation phase across all wallet cohorts for the first time since January, signaling renewed bullish sentiment as the largest cryptocurrency trades above $110,000, an 18% gain over the past month.

Glassnode’s Accumulation Trend Score has reached its maximum value of 1.0, indicating broad-based, aggressive accumulation by investors irrespective of the amount of BTC they already hold. The metric evaluates the relative strength of buying by different wallet sizes, factoring in both their existing holdings and the amount acquired over the past 15 days. It excludes exchanges and miners to avoid distortion.

The latest accumulation wave began in early May, led by whales holding over 10,000 BTC. As the price began to climb, cohorts with smaller holdings followed, intensifying their accumulation behavior.

This marks a significant shift from the January-to-April period, when most cohorts were in reducing their holdings as bitcoin tumbled from its then-record high of $109,000 to lows around $75,000.

Trend Accumulation Score By Cohort (Glassnode)

The renewed demand is supported by options market activity, with CoinDesk Research highlighting large bullish positions. The $300,000 strike for June expiry has become the most popular call option, with $620 million in notional value, and an additional $420 million is concentrated around the $200,000 strike.

Open Interest By Strike Price (Deribit)

While bitcoin historically tends to fall after hitting an all-time high due to profit-taking, traditional assets like the S&P 500 and gold often extend their rallies in similar scenarios. If bitcoin were to follow this more mature asset behavior, it may signal the beginning of a sustained bull cycle, a trend many in the market are now watching closely.

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May 23, 2025 0 comments

Product Reviews

HTC Vive makes impending tariffs a sales event, giving US consumers one last chance to jump into VR before the price hikes

by admin May 23, 2025

VIVE Focus Vision – New PC VR and All-In-One Mixed Reality Headset – YouTube

Watch On

With Trump’s tariffs on tech leading the PC gaming industry in uncertainty around potential price hikes, HTC Vive is taking advantage of the situation with a special sale. This gives anyone who didn’t manage to get themselves fully kitted out in some of the best VR machines on offer the chance to do so at pre-tariff prices. It’s a smart move, turning the impending price hikes into an opportunity for one last taste of affordable gaming for those in the US.

While we’ve definitely seen tech prices go up due to the tariffs, it’s worth noting we don’t know exactly how much HTC intends to price things in the future. As such, how much of a deal these regularly priced pieces of tech end up being is up in the air.

“Order by 5/31, we’ll cover the tariff cost!” boasts Vive’s sale site. Essentially it’s a sale, but for the prices you’d’ have expected to see before these announced taxes. The sale covers the Vive Focus Vision, Vive Ultimate Tracker 3+1 Kit, Vive Tracker (3.0), and the Base Station 2.0. This should let most people get setup for a full VR experience, or just grab those last bits before having to pay the extra on top.

Dogecoin Price Roadmap To $5: These 5 Bullish Factors Lead The Way

by admin May 23, 2025

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

The Dogecoin price is gaining renewed attention as a crypto analyst outlines a potential roadmap toward a bullish $5 target. Backed by technical chart patterns and bullish signals, the analyst has unveiled five factors that are emerging as critical drivers in DOGE’s projected upward trajectory.

Technical Indicators Point To Dogecoin Price Rally

A recent technical analysis on Dogecoin’s monthly chart by Bitcoin Galaxy on TradingView forecasts that a massive rally could be on the horizon — one that would propel DOGE from its current price of $0.24 to $5. The chart analysis reveals five compelling bullish signals that could set the stage for this meteoric price increase.

A deep dive into the monthly time frame shows that Dogecoin is potentially repeating the same setup that led to its historic 2021 surge. First, the 20-month and 50-month Moving Averages (MA50 and MA20) have acted as solid support, just as they performed before during the last bull run. Dogecoin’s price recently rebounded from this support zone, mirroring the early stages of the previous bull cycle.

Another signal highlighted by the analyst is the Relative Strength Index (RSI). Currently, DOGE’s RSI remains relatively low on the monthly chart but is showing a potential for upward movement. In previous cycles, the RSI rose around the 80 level before a blow-off top. With ample room to grow toward 80% currently, Dogecoin’s momentum could be building for another price rally.

Source: Bitcoin Galaxy on Tradingview

Bitcoin Galaxy’s chart also shows that Dogecoin has long held a critical support level despite market turbulence, showing strength and resilience. The last time this support was tested and held, the meme coin experienced a price increase of approximately 20,399%.

The timeline of Dogecoin’s highlighted bullish structure may also be aligning. The previous bull rally took about six months (181 days) to reach its peak, roughly around $0.477 in 2021, from a similar technical setup. If the same pattern unfolds, the chart suggests October 2025 could mark a significant price climax.

This timeline places June and July in a critical window, which the analyst suggests could see strong bullish action and likely trigger the start or middle of DOGE’s projected rally phase. With these signals aligned, Bitcoin Galaxy believes that Dogecoin is set for a surge to $5, representing a 1,983% increase from its current market price.

$0.74 Resistance Key To DOGE Breakout

Notably, Bitcoin Galaxy highlights the $0.74 level as a critical resistance for Dogecoin. A breakout above this threshold could validate this analyst’s bullish roadmap toward the $4 – $5 target.

Looking at the chart, the resistance level aligns with the upper boundary of an ascending parallel channel that contains DOGE’s price movements from mid-2022 to date. This channel often signals healthy upward momentum as long as the price stays within its boundaries.

DOGE trading at $0.24 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 23, 2025 0 comments

NFT Gaming

Bitcoin Trading Volume Soars as Price Pumps to New Heights

by admin May 23, 2025

In brief

Bitcoin futures trading volume on Wednesday jumped to over $203 billion, third-most so far in 2025.
Spot trading volume also soared this week as Bitcoin’s price spiked.
The leading virtual coin reached an all-time high near $112,000 on Thursday.

Bitcoin trading volume for spot and futures exchanges has soared the past two days as the underlying asset pumped to new heights.

Spot trading volume for the world’s largest crypto by market value hit the highest two-day total in nearly two months, $150 billion, according to crypto markets data provider CoinMarketCap. Meanwhile, BTC futures trading volume on Wednesday jumped to over $203 billion, the third-highest daily total of 2025, according to CoinGlass.

Those figures come as BTC’s price climbed to all-time highs just shy of $112,000. Bitcoin was recent trading at about $111,100, up 2% over the past 24 hours and nearly 8% for the past week. The surge has come as investors buoyed by encouraging macroeconomic signs, but also confident in Bitcoin’s status as a potential hedge against the potential depreciation of the U.S. dollar, purchase the asset.

The CoinGlass data does not include inflows into American spot Bitcoin ETFs, which have taken in over $1.6 billion in inflows from investors so far this week, according to Farside Investors data.

Only 10 other days this year have eclipsed more than $75 billion in single-day spot Bitcoin volume this year. CoinGlass shows that the only days that Bitcoin futures volume has been higher so far this year was on April 7 and January 20, when volumes stood at $229.7 billion and $222.9 billion, respectively.

The crypto market has rebounded as Trump has ratcheted back his global trade war, and the most recent inflation readings have been favorable.

Bitcoin’s record-breaking surge also comes as demand for Bitcoin ETFs increases and as publicly traded firms, including Strategy and Metaplanet, have continued their recent Bitcoin buying sprees. Strategy, formerly MicroStrategy now holds about 576,000 Bitcoin in its treasury, worth more than $64.5 billion at the current price.

Major altcoins have also risen over the same period with Ethereum, the second-largest digital asset by market value, up 56% over the past 30 days. ETH was recently changing hands at over $2,600, a 5.6% gain over the past 24 hours.

Bitcoin has often traded with stocks in its brief history, and more recently in line with safe-haven asset gold as markets look to account for macroeconomic uncertainties.

Edited by James Rubin

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May 23, 2025 0 comments