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Further Losses on the Way?

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HYPE Exchange Netflow


Is HYPE at risk of falling to $0?

HYPE, the native token of the decentralized exchange Hyperliquid, has performed quite poorly lately, coinciding with the red wave sweeping through the entire crypto sector.

The token has been the subject of numerous price predictions, with some analysts envisioning additional declines in the short term.

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Where is the Bottom?

Currently, HYPE is worth roughly $26, representing an 11% weekly loss and a 56% collapse from its all-time high of almost $60 registered in mid-September last year.

The popular market observer Ali Martinez analyzed the asset’s recent performance and concluded that it is breaking out of a certain triangle formation, risking a further plunge to as low as $20. Sjuul | AltCryptoGems also envisioned a deeper pullback ahead.

“As you can see, price action started to slow down and is locally breaking down. Since we have a big cap below, I would not be surprised to see a bigger correction coming,” he added.

Nebraskangooner appears to be the biggest pessimist. He claimed HYPE has been rejected at a key resistance level, forecasting the eventual collapse to zero.

HYPE’s recent exchange netflow reinforces the bearish scenario. Over the last few days, inflows have slightly surpassed outflows, suggesting that some investors have moved away from self-custody and shifted their holdings to centralized platforms. This doesn’t necessarily mean they intend to cash out, but in many cases, such transfers do precede selling activity.

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HYPE Exchange Netflow
HYPE Exchange Netflow, Source: CoinGlass

How About a Rebound?

The optimists, who forecast that Hyperliquid’s native token could rally substantially in the near future, are just as vocal. X user HYPEconimst suggested that the possible path ahead is a sweep to $27.5, a reclaim of the $30.5 zone, and a pump to $45.5.

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The analyst, who goes by the name ryandcrypto on the social media platform, argued that the asset’s price will not plunge below $20 “easily” and “would probably take BTC going well below $60K.”

For their part, TraderSZ envisioned significant volatility ahead and an eventual ascent above $36 in the coming months.

HYPE’s Relative Strength Index (RSI) also hints that a resurgence might be on the way. The technical analysis tool shows whether the asset is overbought or oversold by measuring the speed and magnitude of recent price changes. It runs from 0 to 100, where ratios around and below 30 indicate a rally could be incoming, while anything above 70 is considered bearish territory. As of this writing, the RSI stands just north of the bullish zone.

HYPE RSIHYPE RSI
HYPE RSI, Source: TradingView

 

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Crypto World

Binance Revives Tokenized Equities in Ondo Finance Deal

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR

  • Binance has relaunched tokenized stocks trading through a partnership with Ondo Finance on Binance Alpha.
  • The platform lists 10 tokenized U.S. stocks, ETFs, and commodity-linked products.
  • Users in the United States cannot access the new tokenized stock offerings.
  • Binance previously halted a similar service in 2021 after regulatory scrutiny in Europe.
  • Ondo Finance has recorded over $550 million in locked value and $11 billion in cumulative trading volume since September 2025.

Binance has relaunched tokenized stocks trading through a new partnership with Ondo Finance. The exchange will list 10 tokenized U.S. stocks, ETFs, and commodity-linked products on Binance Alpha. The move marks Binance’s return to this market nearly five years after halting a similar service.

Binance and Ondo Finance Launch Tokenized Equities on Alpha

Binance has partnered with Ondo Finance to introduce tokenized versions of major U.S. equities on Binance Alpha. The platform operates within Binance Wallet and targets early-stage digital asset offerings. Users can trade blockchain-based versions of Apple, Google, Tesla, and Nvidia shares.

The lineup also includes the Invesco QQQ ETF, which tracks the Nasdaq index. Binance confirmed that users in the United States cannot access these tokenized stocks. Jeff Li, Binance’s vice president of product, said, “Our users now have even more convenient ways to explore and trade tokenized stocks.”

Binance Alpha allows access to projects before they reach the centralized spot marketplace. The company positions the platform as a gateway for higher-risk digital assets. Through this structure, Binance expands product access while keeping trading within its wallet ecosystem.

Ondo Finance issues the tokenized equities listed on the platform. The company focuses on bridging traditional financial assets with blockchain networks. Binance integrates these tokens directly into its wallet infrastructure.

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Binance previously launched tokenized stocks in April 2021, starting with Tesla shares. The exchange later added Coinbase, Strategy, Microsoft, and Apple to the offering. However, regulators in the United Kingdom and Germany raised compliance concerns.

The U.K.’s Financial Conduct Authority and Germany’s BaFin reviewed the product structure. Following regulatory scrutiny, Binance discontinued the service within months. The company has now resumed tokenized equities through its collaboration with Ondo Finance.

Last month, Binance stated that it was considering a renewed push into tokenized equities. The latest listings on Binance Alpha confirm that plan. The rollout follows growing activity in blockchain-based stock trading platforms.

Tokenized Stocks Market Expands Across Exchanges

Tokenized stocks have grown across crypto exchanges and traditional brokerages. The sector’s total value approaches $1 billion, according to recent market data. Ondo Finance reports more than $550 million in locked value.

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The company also recorded $11 billion in cumulative trading volume since September 2025. Other exchanges, including Kraken, Bybit, and Gemini, have introduced similar products. Robinhood has also launched tokenized equity trading services.

Traditional exchanges have also outlined plans involving stock tokens. Nasdaq and the New York Stock Exchange have presented proposals tied to blockchain-based trading models. These developments align with Binance’s renewed entry into tokenized equities through Ondo Finance.

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Bitcoin Depot Introduces ID for All Transactions

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Bitcoin Depot Introduces ID for All Transactions

The biggest Bitcoin ATM operator in the US has begun phasing in a new requirement for users to provide identification for every transaction at its crypto ATMs amid increasing pressure from regulators and lawmakers for operators to curb illicit activity.

Bitcoin Depot said on Tuesday that it began the rollout earlier in February across the company’s US network ATMs, with the goal of helping to detect suspicious activity in real time and eliminate misuse by bad actors, such as account sharing, identity theft, and account takeover.

“Continuous verification allows us to detect suspicious activity based on customers, locations, or transaction amount before a transaction is approved,” Bitcoin Depot CEO Scott Buchanan said in a statement.

Bitcoin Depot implemented ID requirements in October, but only for all new users to its service. Buchanan said that “by requiring identity verification at every transaction, we are taking an additional step to strengthen security, protect customers, and maintain the integrity of our services.”

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The US is the largest hub for Bitcoin (BTC) ATMs, with Coin ATM Radar listing 31,360 machines, accounting for 78% of the worldwide total. Bitcoin Depot is the market leader in the country with 9,019 kiosks.

Bitcoin Depot operates the largest number of Bitcoin ATMs in the US. Source: Coin ATM Radar

Bitcoin Depot faces state-level lawsuits

Scammers have long used crypto ATMs as a way to receive funds from unwitting victims, as the kiosks are widespread and their transactions are irreversible, leading regulators and lawmakers to crack down on crypto ATM operators.

The advocacy organisation, the American Association of Retired Persons, reported in February that 17 US states have passed laws requiring crypto ATM operators to implement protections, including daily transaction limits, fraud warning signs, and licensing requirements.

Related: Crypto ATM limits and bans sweep across US: Here’s why

Bitcoin Depot has caught the ire of state regulators, as Massachusetts Attorney General Andrea Campbell sued Bitcoin Depot earlier this month, alleging the company has not implemented sufficient safeguards to prevent scams. Campbell is seeking a court order to bar Bitcoin Depot from processing large transactions without additional user protections.

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