🚨 Crypto & Blockchain Update: Top Web3 Trends Moving Markets Today

📰 News

📢 Hyperliquid’s USDH Goes Live as Aster DEX Outpaces It in Revenue

Hyperliquid’s USDH Launches Amid Aster DEX Competition

Native Markets revealed in an X post that the USDH stablecoin is now live for all Hyperliquid users, with the USDH/USDC spot order book open in HyperCore. They further revealed that over $15 million USDH has been pre-minted in the last 24 hours.

This comes less than two weeks after Native Markets won the bid to issue Hyperliquid’s native stablecoin. It also comes amid the increased DEX competition, with CZ-endorsed Aster DEX in the mix.

Native Markets stated that they minted the USDH stablecoin directly on the HyperEVM and have aligned it with the Assistance Fund, leading to a “first-class” stablecoin for the Hyperliquid network.

Meanwhile, the platform also revealed that, in line with the proposed aligned stablecoin framework put forward by Hyperliquid, their contribution to the Assistance Fund will begin accruing from today, as $0.50 of every dollar earned by USDH reserves will go toward the cause while they use the remainder to grow USDH. The stablecoin is fully backed by cash and short-term U.S. treasuries in line with the GENIUS Act.

Furthermore, Native Markets plans to roll out USDH on the top DEX Hyperliquid over the coming months. It noted that the HyperEVM integrations are already underway, while the stablecoin will soon be a quote asset on the spot market. Native minint will also soon be available on HyperCore, while Native Markets plans to roll out USDH-margined perp order books via HIP-3.

🏛 SEC Chair Paul Atkins Rejects CFTC Role Amid SEC-CFTC Crypto Coordination

Atkins Rejects CFTC Role, Pushes Clearer Crypto Rules and Agency Harmony

Speaking in a new interview, Atkins said he is focused on aligning the work of regulators, not taking on another role. Atkins’ comments come as Washington circles debate who will lead the CFTC after the administration’s original nominee stalled.

President Trump is now considering a new CFTC chair pick amid tensions over the nomination process. He argued that the real issue is building cooperation between the agencies to create consistent oversight for markets.

“Thanks but no thanks,” he remarked, adding that harmonization between the SEC and CFTC is the path forward, not a merger. The SEC chair also discussed broader reforms shaping U.S. financial markets. He acknowledged that Congress is preparing legislation that would shift some oversight of crypto assets to the CFTC.

Atkins said the SEC should not be seen as the “Securities and Everything Commission” and welcomed clearer rules that define what counts as a security.

In particular, he criticized reliance on the decades-old Howey test, which determines whether certain assets fall under securities law. “The Howey test is very vague,” Atkins said. “It’s a ‘you know it when you see it’ problem. Guidance from Congress would be very helpful”.

📊 Market

🚀 Cardano (ADA) Price Eyes 50% Rally as Foundation Backs Stablecoin Liquidity With 8-Figure ADA

Cardano Price Action Signals Strong Reversal Potential

The current ADA value trades at $0.8178, consolidating after rebounding from the defended demand zone. A double bottom pattern is forming, reinforcing support near $0.7682 as a crucial base. The first bottom developed on September 2, while the second is emerging, indicating recovery momentum.

Specifically, this demand zone acts as the launch point after ADA broke below the rising channel on September 22. Notably, ADA must clear resistance at $0.9614 to validate gains extending toward the $1.20 target.

Meanwhile, such a breakout could deliver a 50% rally from the current range. Importantly, holding above $0.7682 keeps the recovery path intact and avoids deeper setbacks.

However, the long-term Cardano price prediction remains bullish, with structural patterns supporting expansion. Therefore, caution exists short term, yet ADA price reflects resilience after defending key support. Ultimately, the chart signals a cycle-defining breakout may emerge once resistance is breached.

🔥 XRP Price Set for Parabolic Rally as XRPR ETF Pulls $30M in 3 Days

Ripple Price Technical Analysis Points to a Strong Rally

The daily chart below shows that the XRP price has crashed since July as demand waned and profit-taking ensued. This pullback brought it to the strong, pivot, and reversal point of the Murrey Math Lines.

The coin has formed a downsloping channel. Its upper and lower sides have connected the highest and lowest levels since July this year. This channel is part of the formation of the bullish flag pattern.

XRP price has remained above the 200-day moving average. It has also formed a cup-and-handle pattern, which normally leads to more upside.

Therefore, the coin will likely continue rising as bulls target the extreme overshoot level at $4.30. A drop below the support at $2.50 will cancel the bullish forecast.