🚨 Today in Crypto: Must-Know Blockchain & DeFi Trends

📰 News

📢 Circle Announces HYPE Investment and USDC Launch on Hyperliquid Ahead USDH Launch

Circle Invests In HYPE and Rolls Out USDC on Hyperliquid

In a blog post, the USDC issuer revealed that it has officially launched native USDC and CCTPv2 on the HyperEVM, expanding its stablecoin into the community. Circle also plans to enable deposits and CCTP interoperability for Hyperliquid USDC on HyperCore in the coming weeks.

Additionally, the stablecoin issuer announced that it is now a direct stakeholder in the Hyperliquid ecosystem, with its first HYPE token investments. The company also has a comprehensive program to work with HyperEVM builders in the community and is currently evaluating the possibility of becoming a Hyperliquid validator.

Notably, this comes ahead of the USDH stablecoin launch. USDH will be Hyperliquid’s native stablecoin and will be in direct competition with USDC. Meanwhile, it is also worth mentioning that USDC had been the primary stablecoin on the Hyperliquid DEX, but users had to bridge the stablecoin onto the DEX through Arbitrum.

Circle stated that over the past several months, its team has had the pleasure of getting to know the Hyperliquid core team and many builders developing on HyperEVM and HIP-3. The stablecoin issuer further described the community as one of the most impressive in the entire crypto ecosystem. The firm added that it is “Hyperliquid’s moment” and that they are thrilled to be supporting the community.

The HYPE price is down amid this announcement. TradingView data shows that the token is currently trading at around $53, down in the last 24 hours but up over 5% in the past week. According to a HYPE price forecast, the USDH launch could fuel a rally to the $72 target.

🏛 Pro-Crypto Stephen Miran Sworn in as Fed Governor Ahead of FOMC Meeting

PayPal Links Bring Seamless Crypto Payments to Everyday Transactions

According to a press release, this update extends to Venmo and a growing number of digital wallets worldwide that accept crypto and stablecoins. The launch follows the company’s earlier rollout of PayPal links, a feature that lets users create personalized, one-time payment links. Each link is private, designed for one-time use, and expires after ten days if unclaimed.

Also, PayPal has enabled merchants to accept over 100 cryptocurrencies for payment settlements. Diego Scotti, General Manager of PayPal’s Consumer Group, said this marks a major step in the evolution of digital money movement. He emphasized that PayPal wants to be present wherever people are having conversations, whether through messaging apps, email, or social media.

The payment solution firm stressed that personal transfers will remain personal, without unnecessary tax forms. The firm’s peer-to-peer services have already shown strong growth, recording a ten percent increase in total payment volume during the second quarter of the year. Venmo also experienced its fastest growth in three years.

PayPal USD, the company’s dollar-backed stablecoin, will play a central role in this rollout. Issued by Paxos Trust Company and fully backed by reserves in cash and U.S. Treasuries, PYUSD has been available on PayPal and Venmo since its launch. The inclusion of PYUSD alongside Bitcoin and Ethereum strengthens PayPal’s bet on digital assets as everyday payment tools.

📊 Market

🔮 Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?

Bitcoin Price Action: Scenarios Shaping the Road Ahead

Bitcoin’s current market value sits at $115,527, reflecting modest daily gains. Scenario one suggests BTC price could retreat toward the $104,000 region before any meaningful reversal.

Such a move would test support while flushing out weak positions, creating space for a stronger recovery. Long-term projections, however, still point toward Bitcoin setting fresh all-time highs once consolidation clears.

Therefore, despite near-term risks, confidence in the broader bullish cycle remains intact. Investors will likely track how quickly BTC regains momentum after any corrective dip.

In scenario two, Bitcoin price could extend its decline further toward the $92,000 area. This level aligns with an unfilled CME gap, which often acts as a magnet in corrective cycles.

If this deeper retracement occurs, market sentiment may temporarily weaken before recovery unfolds. However, such a flush could also provide the base for the next major rally.

A rebound from that zone could drive BTC price well beyond prior peaks, supporting projections of a powerful leg higher. Therefore, BTC long-term price prediction remains bullish regardless of the depth of this correction.

🚀 Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone

Top 3 Reasons Solana Price May Surge 25% Soon

Solana price could be ripe for a strong surge in the coming weeks as derivatives data show that its demand among investors is surging.

CoinGlass data shows that the futures open interest has been in a strong uptrend this year, peaking at over $16 billion on Tuesday. Soaring open interest is a sign that there is robust demand among investors in the futures market.

The surge is important as Solana’s open interest started the year at $6.8 billion and bottomed at $3.64 billion in March. At the same time, the weighted funding rate has remained in the green in the past few days, signaling that investors anticipate the future price will be higher than where it is today.

One of the ongoing demand for Solana is coming from institutional investors, who have started accumulating it in a process that mirrors that of MicroStrategy and Bitcoin.

Data shows that companies like DeFi Development, Upexi, Sharps, and Sol Strategies have bought over 6.5 million tokens worth over $1.5 billion. This growth will continue as Sol Strategies recently listed on the Nasdaq and more companies are expressing their interest in the coin.

Unlike Bitcoin treasury companies, those with Solana holdings are at an advantage because of the staking revenue they will be earning. Solana has a staking yield of about 8%, meaning that a company will $500 million in holdings can expect to make $40 million in staking revenue a year.

SOL price will also be a top beneficiary of the upcoming interest rate cuts by the Federal Reserve. That’s because these cuts may help to incentivize risk-taking, especially in the meme coin market, where Solana dominates.

Most importantly, the Securities and Exchange Commission is expected to approve numerous SOL ETFs in October, which will also act as a catalyst for the coin.