Helium and GEODNET, two prominent DePIN (Decentralized Physical Infrastructure Networks) protocols on Solana, continue to rank among the most active networks, generating significant fees despite a general slowdown in the sector. According to data from @SolanaFloor, these protocols maintain high usage due to their roles in decentralized wireless and high-precision GPS services. The sustained fee generation from these networks suggests ongoing demand for their services, even as the broader DePIN market experiences a contraction in reward incentives. The resilience of Helium and GEODNET underscores Solana’s leading competitive position in the DePIN space, with the network’s efficient throughput supporting continued high transaction volumes.
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Key Takeaways Helium and GEODNET continue to generate high fees, suggesting strong on-chain demand for their services. The broader DePIN market is experiencing a cooldown, yet these networks remain top users by transaction volume. Solana’s efficient throughput and low base fees contribute to the sustained activity of DePIN protocols like Helium and GEODNET. What to Watch Market participants are likely monitoring Solana’s performance in light of Helium and GEODNET’s activity, which may influence perceptions of Solana’s value. Key developments to watch include the potential for further adoption of Solana-based DePIN services and any changes in market conditions that could affect Solana’s price trajectory. Continued resilience in high-fee generation by Helium and GEODNET could appear supportive of scenarios where Solana’s price increases.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 10.5% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.4% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.4% — — View market → August 1 2026 2.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 18% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market →
Nova Labs’ legal chief said the CLARITY Act could stop crypto regulation from reversing whenever US political leadership changes. The SEC dismissed its digital asset claims against Nova Labs with prejudice in April 2025, three months after suing the company over HNT distributions. CLARITY could classify programmatically distributed tokens such as HNT as digital commodities rather than securities. The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Helium is getting a fresh liquidity window after Binance added HNT to its spot trading lineup. For a DePIN token, that matters because exchange access can quickly change who can trade the asset, how deep the order book becomes, and how visible the project is to global retail markets.
The listing is also a reminder that DePIN remains one of the market’s stickier infrastructure themes. It does not always dominate the headlines, but the idea of blockchain-linked physical networks continues to attract attention from traders and builders.
For more details, visit the official Binance platform.
TL;DR Binance listed Helium on its spot desk.The move expands global liquidity for one of the better-known DePIN tokens.HNT now gets a fresh exchange catalyst at a time when decentralized infrastructure narratives remain active. Why Binance Listings Still Matter A Binance listing is not a guarantee of lasting demand, but it remains one of the clearest exchange-access catalysts in crypto. It can improve liquidity, widen participation, and put a token into the daily rotation of active traders.
For Helium, that added visibility comes at a useful time. The project’s story is more concrete than many speculative tokens because it is tied to decentralized wireless and connectivity infrastructure.
The DePIN Angle DePIN has become a catch-all term for projects trying to coordinate physical infrastructure through token incentives. Some of those projects are still very early, but Helium is one of the names most traders recognize in the category.
That recognition matters because narratives need anchors. When a major exchange lists a recognizable DePIN asset, it can pull attention back to the broader sector.
What Traders Should Watch The first test is whether HNT volume holds after the initial listing reaction. Many new listings see a quick burst of activity and then fade. A stronger signal would be sustained depth across the listed pairs.
For now, Binance has given Helium a new market venue and a fresh reason for traders to revisit the DePIN theme.
What The Market Can Learn The useful way to read this story is not as a standalone headline about Binance, but as part of the wider pressure building around Binance coverage this week. Markets have been jumping quickly from one catalyst to the next, so the cleaner value for readers is in separating the actual development from the instant reaction around it. In this case, the source material gives us a concrete event to work from, rather than a loose rumour or a recycled social-media talking point.
That distinction matters because crypto readers are being asked to process a lot at once: ETF flows, regulatory actions, exchange listings, protocol upgrades, wallet movements, and political signals. A story like this is most useful when it helps them understand where Helium fits into that broader map. It does not need to be inflated into a guaranteed price call to be worth covering. It simply needs to explain what changed, who is affected, and why the market is paying attention today.
The caveat is also important. Even clean source-backed developments can be overinterpreted when traders are hunting for a fast narrative. A listing does not automatically create lasting demand, a regulatory update does not immediately settle every legal question, and an on-chain movement does not always translate into a finished sale. The better read is to treat the development as a fresh data point and then watch whether follow-up activity confirms the direction of travel.
For NewsBTC readers, that means keeping the focus on what can actually be verified from the source and avoiding the temptation to turn every update into a sweeping market verdict. The story is strong enough on its own terms: it gives investors and traders another piece of context around Binance, while leaving room for the next filing, dashboard update, wallet movement, governance vote, or exchange notice to decide whether the angle grows into something bigger.
This article is based on information from Binance.
This article was written by the News Desk and edited by Samuel Rae.
TLDR: Silver fell 43% from its $121.67 all-time high to $69.50 in under eight weeks after Gulf war shocks hit. Over 60% of silver demand is industrial, leaving it exposed when energy costs and rate hike fears surged. Qatar’s helium facility destruction threatens chip fab output, reducing a core source of silver packaging demand. Gold dropped too but held ground as the PBOC bought for 16 straight months and 77% of central banks plan reserve increases. Silver has dropped 43 percent since January 29, falling from an all-time high of $121.67 to $69.50 by Friday’s close. Gold also declined over the same period but found firmer ground through central bank demand.
The divergence between the two metals has raised fresh questions among commodity analysts and investors. These movements are reshaping how markets view silver’s role as both a monetary and industrial asset.
Silver’s Industrial Base Absorbs Three Simultaneous Shocks More than 60 percent of silver demand is industrial, confirmed by JP Morgan’s commodities desk. Electronics, AI chip packaging, solar panels, and electric vehicle wiring are among its primary uses.
When hostilities closed the Strait of Hormuz, energy prices spiked and factory costs rose. Higher costs slowed industrial activity and pulled silver demand lower.
Analyst Shanaka Anslem Perera noted on social media that the divergence “is no longer a market event. It is a verdict.” The Federal Reserve now prices a 50 percent chance of a rate hike by October. The ECB and Bank of England are each repricing three or more hikes for 2026.
BREAKING: Silver has lost 43 percent of its value since January 29th. It set an all-time high of $121.67 that day. It closed Friday at $69.50. In less than eight weeks, nearly half the value of the world’s most hyped precious metal evaporated while Chinese banks sold out 600… pic.twitter.com/2AkAg2U6T4
— Shanaka Anslem Perera ⚡ (@shanaka86) March 21, 2026
Qatar’s Ras Laffan complex supplied 30 to 33 percent of global helium before Iran struck it. SK Hynix sourced 64.7 percent of its helium from that facility alone.
Helium is essential for wafer cooling and lithography in chip fabrication. Fabs are reporting two to three months of buffer supply remaining.
When helium runs short, chip production slows and silver packaging demand falls. Energy spikes, rate hike expectations, and helium shortages hit silver’s industrial base at once.
The metal’s monetary narrative provided no shelter when factories came under economic pressure. Silver entered this environment with three demand shocks arriving simultaneously.
Gold Builds a Floor on Central Bank and Retail Demand Gold fell from $5,589 in January to approximately $4,494 this week, but buying absorbed each drop. Chinese retail buyers cleared supplies in under 60 seconds each morning.
The People’s Bank of China extended its purchasing streak to 16 consecutive months. Chinese banks sold 600 kilograms of gold bars each morning in under a minute.
Seventy-seven percent of central banks plan to increase gold reserves, based on recent surveys. That sustained demand has built a structural floor under gold’s price.
Silver has no central bank buyer of last resort. Its floor rests entirely on industrial consumption, which is now under strain.
Gold’s support comes from institutional policy decisions, not factory orders. Silver’s support depends on factories now facing energy shocks and helium shortages.
The war revealed a structural difference between the two metals that many investors had not previously priced in. That difference now appears lasting rather than temporary.
Rate hike expectations in the United States and Europe continue to reinforce dollar strength. A stronger dollar adds persistent pressure on metals priced in that currency.
Silver enters this environment without central bank support. Whether industrial demand can stabilize will determine the metal’s next directional move.
TLDR: TMSC holds only 11 days of LNG reserve, the least of any major semiconductor economy on Earth. Helium from Qatar powers EUV machines that print every advanced AI chip at 3-nanometre scale globally. Helium spot prices have surged up to 100% since Iranian strikes shut down Qatar’s Ras Laffan complex. Two US carrier strike groups have shifted to the Gulf, thinning Pacific presence and raising Taiwan risk. TSMC produces 90 percent of the world’s most advanced logic chips. Taiwan, where TSMC operates, imports 97 percent of its energy and holds only 11 days of gas in reserve.
A war in the Persian Gulf has now disrupted Taiwan’s helium supply. Helium is critical for printing transistors at 3 nanometres, with no substitute available. The crisis has put global semiconductor supply chains under immediate pressure.
Helium Shortage Pushes Advanced Chip Manufacturing Toward a Critical Threshold Qatar’s Ras Laffan complex once processed roughly one-third of the world’s helium. Iranian strikes shut it down, and repairs will take three to five years.
Taiwan relies on Qatar for the bulk of its helium supply. SK Hynix also sourced 64.7 percent of its helium from Qatar. Helium spot prices have since surged between 40 and 100 percent.
Helium cools the EUV lithography systems that print chips at 3 nanometres. It purges etching chambers of contamination and tests wafer seals.
No substitute for helium exists in these manufacturing processes. Without it, EUV machines stop entirely not slowly, but completely.
Analyst Shanaka Perera wrote on X that helium is “the molecule the market is not pricing.” He added that without it, EUV machines stop “not slow down. Stop.” Bloomberg reported TSMC may prioritise AI chip production over consumer products during shortages.
BREAKING. Every Nvidia GPU is made by TSMC. Every Apple processor is made by TSMC. Every AMD chip that matters is made by TSMC. TSMC manufactures 90 percent of the world’s most advanced logic chips on an island that imports 97 percent of its energy and has 11 days of natural gas… https://t.co/OwXYeEb19N pic.twitter.com/TTVuSAgmzY
— Shanaka Anslem Perera ⚡ (@shanaka86) March 22, 2026
Fitch Ratings flagged Taiwan and South Korea as the most exposed semiconductor economies. TSMC’s shares have fallen 7 percent since the war began.
Taiwan holds the smallest energy reserve among major semiconductor economies. South Korea holds 52 days of reserve; Japan holds three weeks.
Geopolitical Pressure Compounds Taiwan’s Strategic Energy Exposure Taiwan’s Ministry of Economic Affairs says helium supplies are secured through mid-May. Negotiations for June are ongoing, and officials called the situation a controllable risk. The government also announced plans to raise the mandatory LNG reserve from 11 to 14 days next year.
The Persian Gulf war has redirected two US carrier strike groups away from the Pacific. This has thinned the naval presence that historically deters pressure on Taiwan. Regional tensions around Taiwan have been building since 2023.
Beijing does not need an invasion to apply pressure on Taiwan. A military exercise near the island during a supply crisis achieves disruption through perception. That signal alone can alter market behaviour and shipping logistics.
Perera noted that seven reinsurance letters closed the Strait of Hormuz commercially in five days. The same mechanism could apply to the Taiwan Strait, which is 110 miles wide at its broadest point. If risk models shift, insurance letters follow, and shipping stops without any military action.
Taiwan imports 97 percent of its energy, with one-third from the Middle East. Qatar remains the dominant LNG supplier.
The chain connecting helium, LNG, and the world’s advanced chips now runs through an active war zone. TSMC remains the most critical manufacturer of advanced semiconductors on Earth.
Key Takeaways Helium is essential for semiconductor manufacturing and rocket launches, highlighting its importance in advanced technology. The unique properties of helium, including its low boiling point, make it indispensable for superconducting magnets and rocket propulsion. Helium’s effectiveness as a heat transfer medium is crucial in semiconductor processes, preventing errors and ensuring efficiency. Demand for helium in semiconductor manufacturing is rapidly increasing, with new technologies requiring significantly more helium. Helium is rarer than natural gas and is primarily extracted as a byproduct of natural gas production. The formation of helium takes hundreds of millions of years, classifying it as a non-renewable resource. Helium extraction involves complex separation processes due to its small, nonreactive molecular structure. Global helium fields are limited, with only a few significant sources, impacting supply and market dynamics. The US strategic helium reserve played a critical role in capturing helium that would otherwise be lost. Helium’s importance is growing in advanced technologies, raising concerns about future scarcity. The American Physical Society expressed concerns over selling off the helium reserve, citing its increasing importance. Helium’s role in technology is expanding, underscoring its value in various industrial applications. Guest intro Nicholas Snyder is the founder and CEO of North American Helium, which mines helium in Canada. He leads the company’s efforts to address global helium shortages amid limited North American exploration and the US government’s sale of its strategic helium reserve in the late 1990s. Snyder discusses helium’s critical properties and the challenges of expanding production and distribution.
The role of helium in semiconductor manufacturing Helium is crucial for semiconductor manufacturing due to its heat transfer properties. Helium is very good at transferring heat… helium is the smallest molecule in nature that’s also something that can transfer heat away to avoid errors and also is nonreactive.
— Nicholas Snyder
The demand for helium in semiconductor manufacturing is growing rapidly. I’ve seen estimates that the new leading edge chips use 10 times more helium per chip than older technologies.
— Nicholas Snyder
Helium’s nonreactive nature makes it ideal for preventing errors in semiconductor processes. New semiconductor technologies are driving increased helium consumption. Helium’s unique properties are indispensable for the efficiency of semiconductor manufacturing. The semiconductor industry is a major driver of helium demand, impacting global supply dynamics. Helium’s unique properties and applications Helium’s low boiling point is critical for superconducting magnets and rocket propulsion. What makes it so useful is it’s got three or four things going for it that are completely unique… the lowest boiling point of anything in nature.
— Nicholas Snyder
Helium is essential for pressurizing rockets, a key application in space exploration. Helium’s nonreactive nature and small molecular size are advantageous in various industrial applications. The unique properties of helium make it indispensable in advanced technological applications. Helium’s role in technology extends beyond traditional uses, highlighting its versatility. The physical characteristics of helium are linked to its practical uses in critical industries. Helium’s applications in superconducting magnets and rocket propulsion underscore its technological importance. The rarity and extraction of helium Helium is much rarer than natural gas and is primarily found as a byproduct of natural gas extraction. Helium is much more rare than natural gas but most of the world’s helium supply comes as a byproduct of natural gas.
— Nicholas Snyder
Helium extraction involves separating it from nitrogen and methane. The way that the gas separation process works is for the most part you’re actually separating everything except for the helium.
— Nicholas Snyder
Helium fields are rare, with only a few significant sources globally. There’s really only a couple of fields in the world… there’s one field in Algeria that’s been on production for a long time and is falling off.
— Nicholas Snyder
The rarity of helium and its dependence on natural gas exploration impact global supply. Helium’s extraction process is complex due to its small, nonreactive molecular structure. The strategic importance of helium reserves The US strategic helium reserve captured helium that would otherwise be lost during gas production. What the strategic reserve did was allow us to capture something that would have been otherwise lost permanently.
— Nicholas Snyder
The strategic reserve played a critical role in preserving helium resources. The American Physical Society expressed concerns about selling off the helium reserve. Helium’s growing importance in technology underscores the need for strategic reserves. The strategic helium reserve highlights the importance of resource management in preventing scarcity. The historical context of the US strategic helium reserve is crucial for understanding its significance. Helium reserves are vital for ensuring a stable supply for critical technological applications. Helium’s growing importance in technology Helium is becoming increasingly important for various advanced technologies. The American Physical Society got very upset when we talked about selling off the helium reserve.
— Nicholas Snyder
Helium’s role in technology is expanding, raising concerns about future scarcity. The growing importance of helium in critical technological applications indicates potential future scarcity. Helium’s significance in modern technology is recognized by the physics community. The increasing demand for helium highlights its value in various industrial applications. Helium’s role in technology extends beyond traditional uses, emphasizing its versatility. The expanding applications of helium underscore its importance in the technology sector. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana-based DePIN protocol Helium Mobile reached a new milestone in March 2026, recording $2.5 million in monthly revenue, its highest level to date, as reported in Syndica’s latest DePIN report. The decentralized wireless network, built on Solana, continues to shift toward a usage-driven model, with carrier offload and network utilization playing a larger role than new infrastructure deployment.
This latest performance places first-quarter 2026 revenue close to surpassing Helium Mobile’s entire mobile revenue for 2025, signaling an acceleration in real-world adoption and monetization.
Subscriber Growth and Product Expansion According to Blockworks data, Helium Mobile currently has almost 700,000 total sign-ups, gaining almost 100,000 sign-ups in the past two months, reflecting continued interest in its service model. Monthly subscriber additions also increased, rising to 14,000 in March from 12,000 in February.
The company introduced Helium Hangouts, a new in-app feature that allows subscribers to discover local venues with Helium connectivity.
This feature aims to deepen user engagement and reinforce the network’s real-world utility by connecting digital participation to physical locations.
At the same time, Helium’s broader usage metrics continue to expand. Daily offload reached 111 terabytes, while total subscribers stand above 3 million. Average daily data offload increased by 10%, and the number of daily offload users rose by 12% in March, indicating stronger engagement across the network.
Shift From Deployment to Utilization Helium’s growth strategy has increasingly emphasized network utilization over rapid infrastructure expansion. Monthly hotspot deployments remained in the low thousands, a sharp contrast to early 2025 levels that ranged between 27,000 and 30,000 per month.
Despite slower deployment, the existing network base of approximately 128,000 hotspots continues to support rising traffic volumes. Real-world usage has begun to validate this approach. Thousands of users connected through Helium infrastructure at the Okeechobee Music Festival, demonstrating the network’s ability to handle dense, high-demand environments.
This shift suggests that Helium has entered a phase where demand growth can be absorbed by existing infrastructure, improving capital efficiency while supporting higher throughput.
Revenue Composition and Carrier Offload As mentioned in Syndica’s March 2026 DePIN report, Helium Mobile’s revenue growth remained consistent throughout the first quarter. Monthly revenue rose 14% from $2.2 million in February to $2.5 million in March. This marks the third consecutive month that Helium Mobile has generated more than $2 million in revenue, a threshold first crossed in January 2026.
Carrier offload now represents the majority of Helium Mobile’s revenue. In March, offload-related fees accounted for 57% of total revenue, continuing a steady increase from near parity earlier in the year. Major United States carriers are routing larger volumes of traffic through Helium’s network, reinforcing its role as a complementary infrastructure layer within the telecom ecosystem.
This transition highlights a structural shift in Helium’s business model. While subscriber revenue remains important, enterprise demand from carrier partners increasingly drives overall income.
Solana DePIN Ecosystem Rebounds According to Syndica’s March 2026 DePIN report, The broader Solana DePIN sector also showed signs of recovery in March. Projects including Helium, Render, Hivemapper, UpRock, NATIX, XNET, and GEODNET collectively generated $2.9 million in revenue, representing a 16% increase from February.
At the same time, deployer rewards reversed a prolonged decline. Total rewards distributed across Solana DePIN protocols rose 31% to $2.1 million, up from February’s $1.6 million. Upcoming token generation events from projects such as Wingbits and Dabba may further increase incentives and network participation.
Wireless-focused protocols reached another milestone, delivering a combined 45,000 terabytes of offloaded data in March. This represents a 22% increase from February’s 37,000 terabytes and underscores rising demand for decentralized connectivity solutions.
Performance Across Key DePIN Projects Several projects within the ecosystem reported notable gains. Dabba Network recorded a 24% increase in usage, reaching 42,000 terabytes of data consumption. The project also signaled a transition toward on-chain infrastructure through a newly published roadmap.
XNET achieved 150 terabytes of offloaded data in March, a 40% increase from the previous month. It also introduced Passpoint, a feature that streamlines WiFi authentication by removing the need for captive portals. This development aims to reduce user friction and attract more venue operators.
Hivemapper delivered one of the strongest recoveries in the sector. Revenue rose from $9,000 in February to $75,000 in March, driven by renewed token burn activity and new product releases. Contributor participation increased 51% to 242, while total mapped distance grew 38% to 11 million kilometers.
Render Network nearly doubled its revenue to $176,000, supported by progress in integrating decentralized GPU infrastructure through a partnership proposal with Salad. Meanwhile, UpRock expanded its reach with the launch of OpenClaw DePIN and a global internet survey covering over 500,000 devices.
Read More on SolanaFloor Solana PropAMMs Better Than CEX in 99.3% of Retail Swaps
Tether Leads $150M Drift Recovery Plan After Circle Refused to Freeze Stolen Funds
Key Highlights Shares of U.S. Energy Corp (USEG) climbed 57.48% following the announcement of a five-year helium offtake agreement with an investment-grade international industrial gas purchaser. The agreement secures 100% of helium production from the company’s forthcoming Montana facility, with a monthly volume ceiling of 1.2 million cubic feet. Pricing is anchored at $285 per thousand cubic feet (MCF), featuring CPI-indexed annual adjustments beginning March 2028. Key contract provisions include take-or-pay guarantees, a third-year price adjustment clause, and a right of first refusal clause at 5% above rival bids. Paired with an enhanced senior secured credit agreement finalized April 20, the company states Phase 1 of its Big Sky Carbon Hub now has complete funding with secured revenue backing. Shares of U.S. Energy Corp (USEG) rallied 57.48% on April 27 following news that the company had finalized a five-year helium supply agreement with an investment-grade international industrial gas firm.
U.S. Energy Corp., USEG
The agreement, executed on April 24, 2026, encompasses the entire helium output from USEG’s planned processing facility located near Oilmont, Montana.
Monthly production under this arrangement is limited to 1.2 million cubic feet. The purchasing party assumes responsibility for all transportation expenses and downstream costs, while USEG receives a predetermined plant-gate rate.
The established rate stands at $285 per thousand standard cubic feet (MCF). Beginning March 1, 2028, this rate will increase annually based on the Consumer Price Index (CPI-U).
The arrangement also incorporates a formal price renegotiation provision at the three-year mark, allowing both parties an opportunity to modify terms. USEG maintains a right of first refusal on alternative proposals, exercisable at a 5% markup.
Take-or-pay provisions are embedded in the contract, featuring a 2.5% de minimis threshold. This structure ensures USEG receives guaranteed cash flow regardless of actual delivery volumes.
Critical Development for Big Sky Initiative Company leadership described the agreement as a pivotal achievement for the Big Sky Carbon Hub, USEG’s comprehensive helium and carbon management initiative in Montana.
The Big Sky facility also encompasses a Cut Bank oil field and is structured to produce three distinct revenue channels: helium extraction, carbon management services, and oil production.
USEG indicated that this contract, when combined with an enhanced senior secured financing arrangement completed on April 20, 2026, provides Phase 1 of Big Sky with full capital funding and guaranteed revenue streams.
Initial commercial production is scheduled for the first quarter of 2027. The contractual deadline for commencement is set for July 1, 2027.
The firm is simultaneously advancing through regulatory procedures on the carbon management front. EPA monitoring and reporting authorizations are progressing in preparation for the planned commercial launch.
USEG is pursuing qualification for Section 45Q tax credits related to its carbon management activities, though final approval remains pending.
Market Performance Context Notwithstanding today’s sharp increase, USEG maintains a modest market capitalization of only $49.2 million.
Daily trading volume for the stock averages approximately 6.3 million shares. Technical indicators prior to the announcement showed a Strong Sell rating.
USEG had been trading beneath critical moving averages with bearish MACD signals before the news broke.
The company has posted expanding losses on a trailing twelve-month basis and continues experiencing negative cash flow as it advances toward revenue generation.
Phase 1 success hinges on timely facility completion, achieving the Q1 2027 timeline, and helium output reaching contractually committed volumes.
At press time, Helium [HNT] recorded a sharp rally over the past day, with the asset posting double-digit gains for one of the first times in months.
The asset now appears positioned for further upside. However, several hurdles still need to be cleared to sustain the upward trajectory seen in recent sessions.
Why HNT’s rally may just be getting started The case for further upside stems from strengthening bullish signals across key technical indicators.
At the time of writing, HNT’s Moving Average Convergence Divergence (MACD) was closing in on a potential golden cross. Moreover, the blue MACD line is approaching a crossover above the orange signal line, which would reinforce bullish momentum.
Source: TradingView On the other hand, sentiment remains partially restrained when viewed through the Relative Strength Index (RSI). Although the RSI continued to trend upward, it has yet to break into the bullish zone above 50. A move above 50 would strengthen the case for sustained upside and confirm the recovery already underway.
Perpetual markets support the move Activity in the perpetual Futures market suggests that bullish participation is gradually increasing.
Data from CoinGlass shows that HNT’s Open Interest (OI) has climbed by roughly 10%, reaching $2.3 million. This marks the highest level of capital in the perpetual market since the 29th of April, indicating that investors are beginning to return capital to the asset.
Source: CoinGlass A rise in OI alone does not confirm a bullish or bearish trend. However, Funding Rate data provides additional clarity, as it turned positive, reaching 0.0144% over the past day.
When funding turns positive, it indicates that long traders are dominant and are paying a premium to maintain their positions, reinforcing a bullish bias in the derivatives market.
Structure remains bullish, but resistance is key From a structural standpoint, HNT continues to trade within a broader descending channel that has been in place since 2025.
A closer look shows that since the 19th of February, the asset has moved within a narrower downward channel. More recently, price action has rebounded from a key demand zone, suggesting growing buying interest at lower levels.
However, a decisive bullish confirmation depends on a breakout above the channel’s resistance line. Until then, the broader downtrend structure remains intact.
Source: TradingView If HNT breaks above this resistance, three key upside targets come into focus: $1.16, $1.34, and $1.67.
For now, market sentiment leans bullish, but price reaction at the resistance level will determine whether the rally can extend or fade.
Final Summary HNT edges closer to forming a golden cross pattern as RSI momentum continues to strengthen. Perpetual market activity and broader structure suggest that an extended rally remains possible.
In brief Andrew Yang's Noble Mobile acquired Helium Mobile, the service provider built on top of the crypto-fueled Helium network. Deal terms were not disclosed, but Helium Mobile COO Frank Mong said subscribers should expect a smooth transition. Nova Labs will now focus on growing the network and onboarding additional companies to Helium. Helium Mobile, the mobile service provider built on the decentralized, crypto-powered Helium network, has been acquired by Noble Mobile, the affordability-focused telecommunications company of former presidential candidate Andrew Yang.
Helium Mobile, which at one time offered a free mobile plan (but recently axed it), said it shares a similar commitment to its customers, with the combined company set to offer low-cost service plans in an effort to disrupt the giants of the mobile industry.
“We were drawn to Noble Mobile because of a deep alignment in values, vision, and the people leading the organization,” Helium Mobile COO Frank Mong told Decrypt.
“Our subscribers deserve a home that shares our conviction that connectivity should be affordable and accessible to everyone,” he added. “Noble Mobile embodies that, and it gave us confidence that our subscribers would be in the right hands long-term.”
Subscribers to Helium Mobile’s mobile plans should expect a smooth transition, according to Mong, who said that users will be able to keep their phone numbers and maintain access to the same 5G network powered by T-Mobile. Helium Mobile’s offering is also underpinned by Helium, the Solana-based decentralized network composed of hotspots deployed worldwide, which Noble has also agreed to use as part of the deal.
The “crowd-built” cellular network is built with nearly 139,000 mobile hotspots that act as miniature cell towers, according to data from the Helium website, and has been used by providers like AT&T and Telefonica to extend or fill gaps in their coverage networks.
It's this opportunity that is most pressing for Nova Labs, the firm that founded the Helium network and launched the Helium Mobile service.
“Our network business is the largest opportunity in front of us,” said Mong. “We've recently onboarded major U.S. carriers to offload traffic at scale and the Helium network now serves millions of users daily. To capture this momentum, we needed to find Helium Mobile the right steward while our team focuses on accelerating network expansion.”
The acquisition does nothing to change the Helium network’s model, which offers a Solana-based HNT token to hotspot operators who provide coverage used by carriers and subscribers. The mobile network boasts more than 2.6 million daily users and is generating more than $47,000 per day in revenue according to Helium World’s dashboard.
HNT is down nearly 7% over the last day at a recent price of $0.64, pushing its 30-day drop to about 28%.
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Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
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Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
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Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
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UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
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Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
PANews reported on June 2nd that, according to CoinDesk, Noble Mobile, the telecommunications company founded by Andrew Yang, announced the acquisition of crypto-powered wireless operator Helium Mobile, integrating its mobile communications business with Helium's blockchain-based wireless network. Following the transaction, Noble Mobile will integrate Helium Mobile's decentralized network infrastructure into its existing mobile services, aiming to expand wireless coverage and user base through blockchain incentive mechanisms and promote the commercialization of decentralized communication networks.
Helium Mobile has been acquired by Noble Mobile, a U.S.-based telecom startup founded by former presidential candidate Andrew Yang, while the Helium Network and its native HNT token have remained under existing operational structures.
Summary
Noble Mobile has acquired Helium Mobile, while Nova Labs says the Helium Network and HNT token operations remain unchanged. Helium’s network continues to burn roughly $50,000 in data credits daily, with Blockworks data showing a 7-day HNT deflation rate of 9.72%. HNT remains under technical pressure after breaking below a falling wedge pattern, with support near $0.60 and resistance between $0.65 and $0.70. According to announcements from both companies, Noble Mobile has taken control of Helium Mobile’s wireless service business, gaining access to an existing subscriber base and a network relationship that allows traffic to be routed through Helium’s decentralized wireless infrastructure.
The transaction has generated debate among community members, with some users questioning whether a decentralized project could effectively be sold.
Nova Labs and Helium executives have since clarified that the deal covers only Helium Mobile, a consumer-facing service, and does not include ownership of the Helium Network itself.
Noble Mobile currently operates by leasing spectrum from T-Mobile. Through the acquisition, the company has committed to using connectivity provided by the Helium Network, which relies on more than 138,900 community-operated hotspots to deliver wireless coverage.
Data cited by Blockworks shows the Helium ecosystem burns roughly $50,000 worth of data credits each day. Because data credits are created by burning HNT, continued network usage contributes to token demand through Helium’s mint-and-burn economic model. Additional data from the platform also indicates the token’s rolling seven-day deflation rate stands at 9.72%.
Source: Blockworks The acquisition has not changed Helium Network operations Community concerns intensified shortly after the announcement, prompting Helium co-founder Amir Haleem to explain the distinction between Helium Mobile and the Helium Network.
Haleem stated that the decentralized network remains under Nova Labs’ stewardship and will continue operating as before. Hotspot operators are still expected to earn HNT rewards for providing coverage and data transfer services that can be used by telecom providers, including large carriers such as AT&T.
For existing Helium Mobile subscribers, the transition is not expected to bring immediate service disruptions. Company guidance states that customers can retain their current phone numbers and continue using the service without changes during the migration process.
Pricing remains one area where uncertainty persists. While Helium Mobile’s published FAQ states that affordability will remain a priority, the company said future pricing details will be communicated as the transition progresses.
HNT price remains under pressure despite network demand growth Market reaction to the acquisition has been relatively muted. Helium (HNT) gained roughly 1.7% over the past 24 hours, though the token continues to trade within a longer-term downtrend.
Helium price has broken down from a falling wedge pattern on the daily chart — June 4 | Source: crypto.news Technical analysis of the daily chart shows HNT recently broke below the lower boundary of a falling wedge pattern that had been developing since February. While falling wedges often resolve to the upside, the bearish breakdown suggests sellers remain in control of price action.
Momentum indicators continue to support that view. The MACD remains below its signal line with negative histogram readings, indicating persistent downside momentum. Meanwhile, the Aroon indicator shows Aroon Down at 100% and Aroon Up at 0%, a configuration that typically signals a strong bearish trend.
The breakdown has pushed HNT toward support near $0.60. If that level fails to hold, traders may begin watching the psychological $0.50 area as the next major downside target.
On the upside, the former wedge support between $0.65 and $0.70 now acts as the first resistance zone that bulls would need to reclaim to improve the technical outlook.
Despite continued growth in network usage and data credit burns, the chart suggests traders remain cautious as HNT searches for a stable bottom.
PANews reported on June 4th that Drift released an update on its recovery progress following the April attack , stating that its current focus is on restarting the revenue-generating platform to expedite user payouts. After restarting, the platform will become the engine driving the recovery pool. Drift will relaunch as Solana's largest USDT perpetual contract exchange, with strategic support from partners such as Tether. Regarding security rebuilding, former Helium protocol engineering lead Noah Prince will join as protocol lead, and former Gauntlet team members are involved in risk architecture optimization. In terms of forensic investigation, Mandiant has confirmed that the attackers were the North Korean threat group UNC6862. Drift stated that it will continue to share recovery progress updates.
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
1 seconds ago
Analyst: SK Hynix’s US listing and fund-raising could trigger a valuation re-rating.
According to Bloomberg, SK Hynix is set to issue American Depositary Receipts (ADRs) on the Nasdaq on July 10. The listing aims to raise nearly $30 billion, making it one of the largest ADR issuances in history. Market participants widely believe the move will significantly expand its global investor base and may drive a valuation re-rating. Multiple asset management firms project that if its valuation converges with Micron Technology’s, its share price could rise by 30% over the next year. One fund manager noted that SK Hynix should trade at a valuation at least on par with Micron, as demand for memory chips is likely to outpace supply for years to come. The listing comes amid an unusually strong boom in the memory chip sector. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their best annual performance in decades. Demand for High Bandwidth Memory (HBM) from AI servers is widely seen as the driver of a structural "memory supercycle".
1 seconds ago
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
1 seconds ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
1 seconds ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
Helium [HNT] has been among the tokens facing steep outflows as the bear market deepens. In the past few hours, HNT set a new all‑time low, dropping to roughly $0.43 during early trading.
The decline carries a twist, since traders typically pile into shorts on bearish momentum and bet on further downside, yet perpetual traders are doing the opposite.
Helium distribution deepens as sellers tighten their grip The case for a further decline still holds, as the indicators point to mounting pressure from the bears. At press time, the Accumulation/Distribution indicator showed heavy offloading of HNT into the market over the past couple of days, which has weighed on the outlook.
The indicator, which was already in negative territory, indicating that sellers dominate HNT’s trading volume, has dropped even lower, highlighting how tightly sellers control the tape.
Source: TradingView This adds to the bearish reading from the Aroon Indicator, which gauges whether momentum sits with buyers or sellers.
The Aroon Down line (blue) hovered above the Aroon Up line (orange), printing 100.00% and 47.86%, respectively. The setup already signals bearish momentum, and should the gap widen as the Aroon Up line slides further, HNT stands a strong chance of extending its drop down the chart.
Perpetual traders bet against the falling price This entire move runs against the positioning of perpetual traders, who appear to be buying, anticipating a rally.
At the time of writing, HNT’s Funding Rate had climbed to 0.0100% during the trading session, its highest level for the period. This reflects concentrated capital in HNT perpetuals, signaling a bullish bet as traders anticipate a rebound.
Source: Coinalyze This is not happening in isolation, as volume has surged alongside it, with buying outweighing selling. The Long/Short Ratio stood at 1.12, meaning positioning leans long and points to upward expectations in the perpetual market.
Yet this positioning carries risk, as losses have skewed heavily against the longs; short traders lost nothing over the past day, while longs shed $38,000 across the same period. The data leaves long traders exposed to a sharp decline.
Helium liquidation heatmap leaves both directions in play HNT is now at a crossroads, as the liquidation heatmap shows no clear directional cut for the asset and leaves the price free to swing either way.
For context, liquidation heatmaps map the spots on the chart where liquidity concentrates, and these zones tend to act as a magnet that pulls price toward them.
Source: CoinGlass Momentum currently leans toward the bears, and the pull toward the lower clusters remains the likelier path. Either way, the upper cluster stays one to watch, given that the rising funding rate lends support to a rally.
Final Summary Helium fell to a fresh all-time low near $0.43 as heavy HNT selling pushed both the Accumulation/Distribution and Aroon indicators into bearish territory. Perpetual traders positioned the opposite way, a 0.0100% funding rate and a 1.12 long-to-short ratio show them betting on a rebound.
Just one week after the acquisition of its consumer brand, Helium Mobile, at the hands of Andrew Yang, Helium Network is going through some growing pains.
$HNT holders and community members are firmly at odds with the Solana DePIN protocol’s new direction, summarized by a four-part governance proposal.
Making matters worse, $HNT has plummeted over 56% in the past week. Existing holders are in disagreement with the Network’s new direction and the proposed mint of 141M new $HNT tokens.
Helium’s “New Era” Met with Skepticism from $HNT Holders Helium Network has come under fire from community members and token holders over a drastic economic and organizational overhaul floated in the protocol’s latest governance proposal, HIP-149. Originally published on June 4th, HIP-149 centers around four key changes that aim to support the DePIN protocol’s ongoing expansion:
Set a floor for deployer earnings
Capitalize operations and growth through the mint of 141M $HNT tokens over 36 months
Establish a 7-seat advisory council, with 5 community-elected representatives
Transition $HNT rewards to an activity-based system, rather than a flat rate for all providers
Helium Network argues that the change is economically necessary to the survival and growth of the network. In Helium’s own words, the network’s “original economic framework was built for a faster carrier-adoption curve than reality delivered”.
As a result, hotspot deployers were earning more than what carriers were actually paying for data transfer and offload services, meaning that significant adjustments need to be made to the network's model.
The proposal has been met with concern and frustration by $HNT tokenholders and network contributors. Upon the realization that the Helium Network was subsidizing hotspot operation, critics have argued that the protocol was artificially inflating and misreporting its revenue.
Others have argued that the mint of 141M new $HNT tokens to support growth and expansion is unjustifiably dilutive to existing network contributors. Given $HNT’s current circulating supply of 182.4M, the proposed mint would increase the number of tokens in circulation by 77.3%.
Departing Helium Team Members Weigh In With critics and detractors slamming the proposal and disappointed supporters writing off the network’s future, former Helium executives have added some color to the debate. Abhay Kumar posited that shedding the economic weight of the network’s consumer brand, Helium Mobile, removes “a real cost off the books, which is good for the network and for the focus of the core team.”
Former Helium Protocol Engineer Noah Prince reinforced Kumar’s position, arguing that Helium sits at a critical inflection point and comparing the current proposal to Uber’s decision to wind down its $3 uberPOOL offering.
Prince asserts that while Helium has found PMF, the engineer acknowledges that “the age of subsidy is over”. Both Prince and Kumar expressed confidence in Helium’s new CEO Mario Di Dio, vouching for his ability to guide Helium through its next stage of growth and building on the foundation set by founder and former CEO Amir Haleem.
$HNT Down 56% in 7D Following Helium Mobile Acquisition Despite the vote of confidence from departing executive team members, markets are not looking favorably upon Helium Network. Between Noble Mobile’s acquisition of Helium Mobile, the reshuffling of personnel, and the outstanding governance proposal threatening to increase supply by 77%, $HNT has plummeted 53% in the last 7 days.
Meanwhile, some $HNT whale wallets are aggressively exiting their positions. After receiving 2.2M $HNT tokens on June 9, this wallet has already unloaded 900,000 $HNT on the market.
Outside of ongoing sales through Jupiter DCA, the wallet still holds 1.3M $HNT, currently valued at $412,000.
Read More on SolanaFloor Forward Industries wants your $SOL
One DAT to Rule Them All: Forward Industries Pursues Solmate Acquisition
Nova Labs has a new CEO, a lighter portfolio, and a lot of explaining to do. Mario Di Dio, who stepped into the top job at the company behind the Helium decentralized wireless network around June 4-5, is set to lay out his vision in a fireside chat hosted by Blockworks on June 17.
The conversation comes at a moment when practically everything about Helium’s corporate structure has shifted in the span of a single week. The company sold its consumer wireless arm, leadership changed hands, and HNT, the network’s native token, has continued its long slide from all-time highs.
What happened at Nova Labs On June 2, Nova Labs sold Helium Mobile, its consumer wireless service, to Noble Mobile. Noble is the telecommunications venture founded by Andrew Yang, the entrepreneur and former US presidential candidate.
The deal strips Nova Labs of its direct-to-consumer offering but does not touch the broader Helium decentralized wireless network itself. Noble Mobile’s acquisition integrates Helium Mobile’s subscriber base into its own ecosystem.
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That strategic pivot landed just days before a major leadership transition. Co-founder Amir Haleem stepped down as CEO of Nova Labs, moving into a chairman role. Di Dio, who previously served as General Manager of Network at Helium, was elevated to CEO.
Di Dio’s background and the path forward Di Dio’s promotion was not a random external hire. His background spans telecom and wireless technology, and his prior role as General Manager of Network means he already understands the plumbing that makes Helium tick.
Without the consumer mobile service, the company’s story becomes one about infrastructure: building and maintaining the decentralized wireless network that other businesses can tap into on a wholesale basis.
HNT’s brutal decline The token market has not been kind to Helium through any of this. HNT has declined approximately 96% from its peak in 2021, and the price has continued to slide following the recent leadership changes and asset sale.
For context, a 96% drawdown means that someone who bought $10,000 worth of HNT at the top would be sitting on roughly $400 today.
What this means for investors Investors should pay close attention to what Di Dio says on June 17 about partnership pipelines, network utilization metrics, and any revenue guidance.
The Haleem-to-Di Dio transition also introduces a variable that’s hard to model: founder departure risk. Haleem co-founded Nova Labs and was the public face of Helium for years. His move to a chairman role could mean he remains deeply involved, or it could mean he’s gradually stepping away.
For traders specifically, the June 17 fireside chat is probably the next major catalyst for HNT price action in either direction. Given that HNT is already down roughly 96% from its peak, the risk of further downside is very real for a token that has shown little ability to find a floor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
This week in the crypto market, Bitcoin’s price surpassed $68,000, and the market capitalization returned to over $2.28 trillion.
BeInCrypto noted special investor interest in events such as Grayscale’s review of 35 altcoins for potential investment products and investors’ expectations of an altcoin season ahead of the US elections.
Additionally, Miles Deutscher has suggested several altcoins, claiming they might have a strong growth potential. The community is also paying attention to Craig Wright’s legal plans and Tesla’s Bitcoin movements.
Grayscale Unveils 35 Potential AltcoinsEarlier this week, Grayscale announced a list of 35 altcoins under consideration for future investment products. Following the announcement, many of these altcoins experienced significant price increases over the week. The top 10 altcoins on the list saw gains ranging from 13% to 49%.
Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season
The Top 10 Best-Performing Altcoins of the Week are part of Grayscale’s Potential Candidates. Source: DropstabThirty of the 35 altcoins enjoyed a green week, with only Kaspa (KAS) and Helium (HNT) facing notable declines of -4% and -7.4%, respectively.
“Assets Under Consideration lists digital assets not currently included in a Grayscale investment product but identified by our team as possible candidates for inclusion in a future product,” Grayscale explained.
Additionally, Grayscale filed with the SEC to convert its Digital Large Cap Fund into an ETF, following the success of transforming Bitcoin Trust and Ethereum Trust into spot ETFs.
Miles Deutscher Highlights 4 Altcoins Investor Miles Deutscher introduced four altcoins that he believes could deliver 10x returns. These altcoins focus on GameFi, artificial intelligence (AI), Decentralized Physical Infrastructure Network (DePIN), and real-world assets (RWA) sectors, including:
SuperVerse (SUPER) Bittensor (TAO) Mantra (OM) Render (RNDR) Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
Price Performance of Altcoins Suggested by Deutscher. Source: TradingViewSince his announcement, the prices of these altcoins have slightly declined, which occurred as Bitcoin Dominance reached a three-year high. Deutscher also commented on meme coins, suggesting they are at a crossroads and may face a short-term correction.
Craig Wright Plans to Sue Bitcoin CoreOn October 11, a tracker from the UK High Court revealed that Craig Wright is taking legal action against Bitcoin Core and Square.
Wright, representing himself in the case as a “direct claimant,” is seeking £911 billion ( ~$1.18 trillion) from Bitcoin Core and Square, alleging they misrepresented Bitcoin (BTC) as the true version of the digital asset created by Satoshi Nakamoto.
Additionally, Wright threatened to sue MicroStrategy CEO Michael Saylor for allegedly misrepresenting Bitcoin. The Australian computer scientist is also filing three other legal appeals in the UK, two against the Crypto Open Patent Alliance (COPA) and one targeting Peter McCormack.
Read more: Satoshi Nakamoto – Who is the Founder of Bitcoin?
Altcoin Season Ahead of US Presidential Election?Throughout the week, several crypto industry experts expressed optimism for altcoin’s price ahead of the US presidential election. Ki Young Ju, CEO of CryptoQuant, suggested that a Trump victory could spur regulatory changes that would trigger an altcoin season.
“If Trump wins, expect regulatory changes, including fee switches enabling token burns for revenue-generating projects,” Ki Young Ju said.
Technical analysts Michaël van de Poppe and CRG also predicted that the altcoin season could begin next month. Echoing these views, Crypto Rover forecasted an impending altcoin season by monitoring Bitcoin Dominance’s movements. Bitcoin Dominance (BTC.D) represents Bitcoin’s share of total market capitalization. Its adjustments often signal an altcoin rally.
Read more: Bitcoin Dominance Chart: What Is It and Why Is It Important?
Bitcoin Dominance fluctuations. Source: Crypto Rover.Tesla Moves Bitcoin Worth Up to $760 MillionThis week, Elon Musk’s Tesla unexpectedly moved nearly all of the Bitcoin it had held for the past three years to new wallet addresses. Initially, investors feared Tesla might be preparing to sell the BTC through OTC, but those concerns quickly dissipated as Bitcoin’s price remained unaffected.
“No proof it’s an OTC deal yet. Even if it was, that means someone else bought it so it’s not entirely bearish. Who knows,” Sir Doge of the Coin said.
Read more: Who Owns the Most Bitcoin in 2024?
Many now believe the move was a simple reallocation. In 2021, Musk had stated that Bitcoin payments made to Tesla would be held as Bitcoin, not converted into fiat.
The cryptocurrency market is taking a breather on Thursday after sustaining gains for almost two weeks, buoyed by heightened risk-on sentiment amid easing trade tensions between the United States (US) and China. While most top currencies are either stable or losing ground, Ethereum ecosystem tokens Amp (AMP) and Aethir (ATH) have defied the broad-based drawdown, stealing the spotlight among the top 200 cryptocurrencies, to post the highest gains in the last 24 hours.
On the other hand, Helium (HNT), which also posted gains in the last 24 hours but is partly erasing them on Thursday, faces growing upside risks after rejection below the seller congestion at around $4.38.
Amp’s uptrend is steady above $0.005Amp’s price edges higher on Thursday, increasing by more than 3% to trade at $0.0051. The digital collateral token, which offers instant, verifiable assurances for any value transfer, boasts over 16% growth in value in the last 24 hours, defying the pullback in the broader crypto market.
Amp’s price sits above key moving averages ranging from the 200-day Exponential Moving Average (EMA) at $0.0049, the 100-day EMA at $0.0045, to the 50-day EMA at $0.0042, signifying a strong bullish momentum and the token’s ability to sustain recovery in upcoming sessions.
A daily close above the 200-day EMA would encourage traders to keep their exposure to AMP, eyeing another leg up to $0.0065, a level tested last in January as support and in February as resistance.
Technical indicators support the bullish outlook, including the Moving Average Convergence Divergence (MACD), which currently sits above the center line, upholding a recently confirmed buy signal, and the overbought but uptrending Relative Strength Index (RSI) at 76.46.
AMP/USDT daily chart
Traders should brace for multiple scenarios despite AMP’s recent surge, as the RSI indicator’s overbought conditions signal a potential trend reversal. An increase in sell-side pressure due to potential profit-taking could halt momentum in the near term.
Tentative support levels lie at the 200-day EMA at $0.0049, the 100-day EMA at $0.0045 and the 50-day EMA at $0.0042.
Aethir’s bullish comeback is in progressEnterprise-grade Artificial Intelligence (AI)-focused token Aethir’s rally seems unstoppable despite the market-wide cool-off. ATH is up over 4% on the day and 16% in the last 24 hours to exchange hands at $0.052.
The rally follows a break above an extended descending trendline, which had capped Aethir’s upside price action since December. Subsequent gains above the 50-day EMA, the 100-day EMA and the 200-day EMA ascertained the uptrend’s strength.
The MACD indicator shows that bullish momentum is still strong as it lifts higher above the centre line, but a decisive break above Aethir’s (ATH) immediate resistance at $0.054 could trigger outsized gains in the coming days.
ATH/USDT daily chart
However, the RSI indicator overbought at 82.75, suggests that traders must be cautious. Overbought conditions are often a precursor to sudden sharp drawdowns, reflecting declining sentiment in the larger crypto market and potential selling for profit among traders.
Helium’s uptrend cracks below the 20-day EMAHelium, the decentralised Internet of Things (IoT) token, enabling devices to communicate and share data, has encountered a massive resistance cluster slightly below the 200-day EMA at $4.38, resulting in a sharp drop in price to $4.00. Despite the recent pullback, HNT remains one of the best-performing crypto assets in the last 24 hours with a 3% price increase.
Before the pullback, HNT was on the cusp of validating a double-bottom pattern, projecting a 48.5% move above the breakout point ($4.43) to $6.58. If declines overshadow the 100-day EMA support at $3.83, it would be difficult to immediately resume the uptrend, possibly culminating in larger than anticipated losses to $3.00, a support area tested frequently over the last three months.
HNT/USD daily chart
Based on the sideways movement of the MACD indicator above the mean line, consolidation could occur between the 100-day support at $3.83 and the 200-day EMA resistance at $4.38 ahead of the next breakout.
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
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With the new year just one day away, crypto analyst Alex Wacy (@wacy_time1) shared an overview of what he calls the best altcoins heading into 2025. The analyst, who has amassed an audience of over 190,000 followers on X, highlighted several projects that he believes have the potential to dominate in the potential coming altseason.
Best Altcoins In 2025 He begins with Render (RNDR), describing it as a decentralized GPU rendering platform for AI, metaverse, and creative content. He maintained that “Render is poised to become a key player in the virtual future,” pointing to its $3.66 billion market capitalization as evidence of investor confidence.
Following closely is Virtual, an AI-driven avatar initiative that is pegged at $3.41 billion in market cap, with Wacy touting Virtual as “the growth leader in 2024 in the virtual avatar sector” and predicting increasing adoption for metaverse, gaming, and social media applications.
Wacy also turns his attention to SEKOIA, mentioning its focus on identifying and mentoring emerging AI talent. Although smaller in scale at a $94 million market cap, this autonomous AI investment agent uses advanced pattern recognition and quantifiable predictions to gain a foothold in a competitive space.
Next in line for the best altcoins in 2025 is Pengu, which he calls “the official coin of Paddy Penguin, a major force in crypto.” Its substantial community and cultural traction reflect a hefty $2.28 billion market valuation, and its omnipresence in ETF ads combined with over 90 billion visits appear to confirm its cult-like following.
The list of best altcoins continues with Clearpool (CPOOL), a Decentralized Capital Markets Ecosystem valued at $341 million that provides insured loans to institutional borrowers in the DeFi arena through a dynamic interest model. The analyst noted that Clearpool’s approach to decentralized lending could offer a unique avenue for strategic investors.
He also spotlights Bittensor (Tao), a project intent on decentralizing AI solutions through an open ecosystem, weighed at $3.48 billion, and Hyperliquid (HYPE), a decentralized perpetuals exchange living on its own L1 with a $9.23 market cap. He describes Hype’s vision as “a high-speed, low-cost, transparent solution for perpetual futures,” though he advises caution, remarking that prospective investors should “research to understand its risks and potential.”
Io.net, which sits at $397 million, is categorized as a decentralized GPU network that reduces costs for AI developers, while CFG (Centric) aims to bridge DeFi with real-world assets. This $162 million project focuses on stable returns generated from real fiat value rather than solely leveraging volatile crypto.
Akash Network (AKT), valued at $746 million, is labeled by Wacy a “supercloud” that transforms cloud computing through a decentralized marketplace, and Ethena (ENA), at $2.69 billion, provides a synthetic dollar protocol on Ethereum, touted as “a crypto-native, bank-free solution for money.”
Wacy’s list also featured Helium (HNT) with a $1.13 billion market cap, identified for its decentralized IoT network, and Griffain in the Solana ecosystem, with a $211 million market cap, delivering scalable DeFi solutions for token swaps while upholding transparency.
The analyst also highlights Grasso (GRASS) in his list of the best altcoins for 2025 and its $683 million market cap, describing its decentralized data collection network for AI training as both functional and user-friendly. VitaDAO (VITA) is in Wacy’s focus because of its community-governed DAO funding longevity research. Its compact $54 million market cap appears poised for growth as members actively engage in decision-making and ownership, signifying a communal approach to biotech research in crypto.
Spectral, carrying a $194 million market cap, offers on-chain agents for easier application creation and includes a syntax tool that transforms natural language into Solidity. ETIGEN, or Energy Layer, at $170 million, extends novel concepts of restorative energy on Ethereum, and ONDO, with an impressive $2.83 billion market cap, aims to open up institutional-grade DeFi services and real-world asset (RWA) tokenization.
Wacy further singles out AIXTB, at $377M, which monitors crypto-related discussions via a proprietary engine to uncover high-sentiment opportunities, and Ether.fi (ETHFI), priced at $446M, which supports non-custodial ETH staking and DeFi integration. Throughout his breakdown, he underscored the cyclical nature of the crypto market, stating that these best altcoins “could see significant growth in 2025” once capital flow rotates away from Bitcoin and into high-potential altcoin narratives.
His overall thesis hinges on what he perceives as a predictable pattern in every major market cycle. “Altcoins typically pumping when BTC Dominance starts a strong downtrend,” the analyst wrote. He cited the example from 2021, when Bitcoin’s dominance fell from around 73% to 40%, triggering a monumental rally for altcoins like SOL, ADA, and DOGE.
Pointing out that current BTC dominance is about 55%, which he calls a “significant resistance zone,” he predicts a swift drop to 40% if a breakdown occurs. “As I mentioned before, my bet for the altseason is in the spring of 2025,” he said, while admitting that he also shares the common sentiment of disbelief that surrounds every cycle. “That’s okay, it means the market is doing a good job of ‘smoking people out.’ Patience friends, patience always pays off,” he concluded.
At press time, the Bitcoin dominance (BTC.D) stood at 58.02%.
Bitcoin dominance, 1-week chart | Source: BTC.D on TradingView.com Featured image created with DALL.E, chart from TradingView.com
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Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data.
Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains.
But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals?
On Falling Wedges And Potential Breakouts CryptoAnalystHub, a prominent analyst on social media, has successfully plotted a Bullish Falling Wedge in Floki’s price chart. This is generally indicative of the possibility of a price reversal, according to the respective technical indication.
$FLOKI 🔥🚀
Update:(Formation of a Bullish Falling Wedge pattern is done )✅
Breakout is also happens, Expected move for short term buyers is 90-100% soon💰🎯#FLOKI #FLOKIUSDT #FLOKIBTC #SIGNALS #ALTSEASON #ALTCOINS #USDT$DOGS $REI $NULS $PDA $PHA $VIDT $HARD $DCR $FLUX… pic.twitter.com/ELtuhsTnks
— CryptoAnalystHub (@Analysts_Hub) August 27, 2024
In other words, the pattern signals that the recent downtrend for Floki might be at its last stage, thus giving way to an upward rally.
The Falling Wedge, characterized by two converging trendlines with a downward slope, has served to squeeze Floki’s price action between the lines and has printed a series of lower highs and lower lows.
According to CryptoAnalystHub, a breakout above the upper trendline has already occurred, which would mean that Floki is at the cusp of a major bullish phase.
However, the analyst explains that if Floki is to sustain an uptrend, it needs to be able to push above pivotal resistance areas around $0.00021176 and $0.00027969.
These have been resistive zones showing renewed selling pressure in the past and, thus, are crucial for the digital asset to break through.
FLOKI is currently trading at $0.00015. Chart: TradingView Keeping An Eye On Floki Adding to the bullish sentiment, crypto analyst Javon Marks recently flagged Floki as one to watch. On X, Marks projected over 96% gains in store for Floki once a Hidden Bull Divergence has been confirmed.
He noted that a break above $0.0002761498 would unlock the door for even healthier gains, pointing to the next key level at $0.0005467298 – a further upside of 90% from this point, further building on the optimistic prospects into the future of Floki.
Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing!
With a break above this target,… https://t.co/w3iDJDPeZU pic.twitter.com/SSr3iaLB5F
— JAVON⚡️MARKS (@JavonTM1) August 22, 2024
On-Chain Data Favor The Bulls Beyond technical analysis, on-chain data also looks promising for Floki. Noticeable growth in the network is seen, as depicted by the increase in new addresses.
This could indicate a trend that fresh capital has started flowing into the Floki ecosystem and may be pushing up demand and, therefore, its price.
Further supporting this is the increase in daily active addresses. Increased activity often suggests that interest and momentum are building within a community, which is usually a precursor to increased prices.
Is The Hype Justified? While this might be so from the technical and on-chain indicators for Floki, an un-cautious approach towards such predictions is warranted, seeing that it is a meme coin. Meme coins are very prone to volatility and hence dramatic shifts in sentiment. That being said, while Floki has had a decent run in recent days, investors should be prepared to lose it all.
Technical patterns, on-chain data, and the increase in investors’ interest support the great price surge of Floki. But it remains to be seen whether this meme cryptocurrency would sustain this. After all, as they say, within the crypto space, expect the unexpected.
Featured image from Gadgets 360, chart from TradingView
Anticipation is mounting as crypto analysts foresee a decentralized physical infrastructure network (DePin) supercycle. This surge, driven by advancements in Web3 and artificial intelligence (AI) technologies, is reminiscent of the Internet’s rapid adoption in the early 1990s.
With DePin leading the charge, a transformative era seems imminent.
Which Are Top Altcoins For DePin Supercycle?After Bitcoin hit an all-time high in March, the crypto market has been choppy. Many believe that a supercycle will be imminent once Bitcoin ends its consolidation period.
“A DePin supercycle is upon us. We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms,” crypto researcher Emperor Osmo said.
His sentiment is widely shared, with DePin poised to decentralize real-world applications that have been dominated by major firms like Amazon Web Services (AWS), Google Cloud, and Cloudflare.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
Moreover, the DePin market is currently most active in the AI sector, which is undergoing exponential growth. As AI models become increasingly complex, the demand for GPUs has surged.
Hence, Emperor Osmo believes that projects like io.net (IO) and Aethir (ATH) are crucial in securing substantial market shares early on. These platforms are thriving by replicating the network effects observed in Web2 successes, such as Uber and Airbnb.
Cyril, a DeFi analyst, also talks about the potential of integrating DePin with AI. He specifically points to altcoins poised to make significant impacts during 2024’s altcoin season.
Helium’s MOBILE token is at the top of his list. However, the token has been down by nearly 70% since its March 2024 highs.
Helium Mobile (MOBILE) Price Performance. Source: TradingViewNext are OriginTrail’s TRAC token and Nosana’s NOS token. Both are crucial in developing infrastructures for trusted knowledge and open-source cloud computing markets dedicated to AI, respectively.
Although their smaller market caps suggest higher volatility, the foundational technologies they pioneer are vital for the DePin ecosystem.
Furthermore, Theta Network’s THETA token and the Graph Protocol’s GRT token are noteworthy.
Theta Network is transforming decentralized video streaming. Meanwhile, The Graph is organizing blockchain data to enhance accessibility—a key component for developing efficient Web3 applications.
Read more: The Graph (GRT) Price Prediction 2024/2025/2030
Altcoin Daily has also provided a list of DePin altcoins worth monitoring, including Render (RNDR) and Filecoin (FIL). Each contributes uniquely to the DePin infrastructure, highlighting the sector’s diversity. These tokens highlight the growing integration of blockchain technology in real-world applications.
In an interview with BeInCrypto, Odeta Iseviciute, the COO at NeurochainAI, discussed other promising DePin altcoins.
“Many good projects have jumped on this trend. In addition to seemingly the biggest players in AI compute market that boast of large numbers of GPUs connected, we have quite a few interesting projects to watch. Gensyn is trying to fundamentally change the way the compute is done on an internet protocol level. Akash Network and GPU.net are both hard at work connecting GPUs and onboarding customers. We also have projects like Grass which aims to utilize the unused internet for scraping and training AI models,” Iseviciute told BeInCrypto.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
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Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
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Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
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US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
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US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
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During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
