Track market-moving stories before they get noisy

U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) on Wednesday introduced a new stablecoin bill, aiming to define how these digital tokens will operate within the American financial system.

What Happened: Under the proposed legislation, companies issuing stablecoins for payments would face stricter requirements, Coindesk reported.

The bill specifies that these assets are designed to serve as a medium for payment or settlement and mandates issuers to maintain one-to-one dollar reserves but does not classify the asset as a security.

“The regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar’s dominance,” stated Senator Gillibrand.

She highlighted that the legislation aims to preserve the traditional dual banking system while integrating necessary consumer protections, such as banning algorithmically managed stablecoins, which are often undercollateralized and maintain value through computational strategies.

Senator Lummis echoed these sentiments, emphasizing that the bill addresses “the growing demand for our ever-evolving financial industry” and upholds the U.S. dollar's preeminence in the global financial system.

Also Read: EXCLUSIVE: How The Bitcoin Halving Could Transform The Market

Both senators have previously collaborated on various digital asset initiatives, including legislation that delineates legal boundaries for decentralized finance and clarifies the extent of federal regulatory oversight.

The legislation also sets a significant operational threshold for stablecoin issuers; a cap of $10 billion has been placed on non-depository trusts’ stablecoin issuance.

Beyond this limit, entities must qualify as depository institutions recognized as national payment stablecoin issuers.

This provision aims to differentiate between smaller enterprises and large-scale operators that might pose systemic risks.

For context, Circle, the largest U.S. stablecoin issuer with $33 billion in USDC (CRYPTO: USDC) in circulation, exceeds this threshold and would require appropriate institutional status under the new law.

Discussions about integrating stablecoin regulation with other essential legislative measures have also surfaced.

Reports from Punchbowl News indicated that Senate Majority Leader Chuck Schumer (D-N.Y.) considered merging stablecoin regulations with the reauthorization of the Federal Aviation Administration, a strategy to ensure passage.

Moreover, Senator Sherrod Brown (D-Ohio), chair of the Senate Banking Committee, suggested he would support advancing stablecoin legislation if it included robust safeguards.

What’s Next: These topics are expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: Peter Schiff Debates Natalie Brunell On Bitcoin: ‘If Natalie Were Smart, She Would Sell All’

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The prominent investor Robert Kiyosaki is widely known for three things: authoring the best-selling personal finance book ‘Rich Dad Poor Dad,’ making exceptionally provocative posts on X, and being very bullish on gold, silver, and Bitcoin (BTC) and mightily bearish on the U.S. dollar.

Looking at the recent performance of the three, with silver running strong, gold now expected to hit $3,000 within months, and Bitcoin reaching a new all-time high (ATH) in March with even bigger moves expected with the halving, it seems apparent that Kiyosaki’s investment advice is sound.

With this in mind, Finbold decided to try and estimate just how much an investor would have made if they invested $1,000 in each of the author’s favored assets when he first recommended all three near the same time..

How much would an investment in Kiyosaki’s favored assets made when he turned bullish be worth now? Tracking down when Kiyosaki first turned simultaneously bullish on the two commodities and the world’s premier cryptocurrency proved a troublesome task, but an extensive search yielded three strong candidates.

Kiyosaki has been bullish on gold and silver for decades, citing his sister’s investments as a positive example already in 1997 and, 20 years later, on August 14, 2017, he made a cautious recommendation for Bitcoin on Facebook (NASDAQ: META) – though he did warn it is extremely risky and expressed doubt in its long-term prospects.

BTC price chart and the timing of the three recommendations. Source: Finbold and TradingView That day, the price of Bitcoin stood at $4,300, of gold at $1,281, and silver at $17. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $14,593 – with BTC press time price at $62,752.40 – $2119.68 – with gold’s press time price at $2391.09 – and $1684 – with silver’s price standing at $28.63.

The next milestone came on December 31, 2019, with the release of the book ‘Fake,’ in which Kiyosaki describes and, arguably endorses, gold and silver as ‘God’s money,’ and Bitcoin as ‘people’s money.’

Gold price chart and the timing of the three recommendations. Source: Finbold and TradingView That day, the price of Bitcoin stood at $7,252, of gold at $1,517, and silver at $17.82. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $8,653, $1,576, and $1,606.6, respectively.

Kiyosaki’s stance became evidently solidified by the release of his interview with Anthony Pompliano, published on ‘The Rich Dad Channel’ on YouTube on July 8, 2020. Coincidentally, in the very same episode, Pompliano predicted a BTC climb to $100,000 – a prediction that is yet to come true.

Silver price chart and the timing of the three recommendations. Source: Finbold and TradingView That day, the price of Bitcoin stood at $9,439, of gold at $1,808, and silver at $18.7. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $6648, $1,322.4, and $1,531, respectively.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Home ›Earnings D.R. Horton, Inc. has showcased its industry leadership with a robust performance in the Q2, reporting a significant 24% increase in net income.

Tim Fries Tim Fries is the cofounder of

Apr 18, 2024 2 min read

Image courtesy of 123rf.com Editorial disclosureRead more All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.

D.R. Horton, Inc. (NYSE: DHI), has demonstrated its industry leadership with a robust performance in the fiscal 2024 second quarter. The company reported a significant 24% increase in net income, reaching $1.2 billion, or $3.52 per diluted share.

This performance marks a notable rise from the $942.2 million, or $2.73 per diluted share, recorded in the same quarter of the previous fiscal year.

Consolidated revenues increased by a healthy 14% to $9.1 billion compared to $8.0 billion in the fiscal 2023 second quarter. This growth is attributed to a 15% increase in homes closed, totaling 22,548 homes, and a 14% increase in value to $8.5 billion. The company’s strategic operations and market positioning have yielded a commendable pre-tax profit margin of 16.8%, showcasing its operational efficiency and market strength.

D.R. Horton Beats Expectations in Q2, Reports $3.52 EPS and $9.1 B in Revenue Against expectations, D.R. Horton’s fiscal 2024 second-quarter performance has outpaced projections. Analysts had anticipated earnings per share (EPS) of $3.07 and revenue of $8.15 billion for the quarter.

The actual EPS of $3.52 and revenue of $9.1 billion surpassed these expectations and highlighted the company’s ability to exceed in a challenging market environment. This outperformance is a testament to D.R. Horton’s robust business model, effective cost management strategies, and the continued demand for affordable housing.

The company’s successful execution of its business strategy is evident in its increased net sales orders, which rose 14% to 26,456 homes and 17% in value to $10.1 billion, further solidifying its market leadership position.

D.R. Horton Expects Consolidated Revenues to be Approximately $36.7 B to $37.7 B D.R. Horton has provided optimistic guidance for fiscal 2024, reflecting confidence in its business strategy and market opportunities. The company expects consolidated revenues to be approximately $36.7 billion to $37.7 billion, with homebuilding operations projected to close between 89,000 to 91,000 homes. Additionally, D.R. Horton anticipates share repurchases of approximately $1.6 billion and an income tax rate of around 23.5% to 24.0%.

This guidance underscores the company’s positive outlook and ability to navigate the complexities of the housing market effectively. With a strong liquidity position and a disciplined approach to capital investment, D.R. Horton is well-positioned to continue delivering value to its shareholders and capitalizing on the favorable demographics supporting housing demand.

Disclaimer: The author does not hold or have a position in any securities discussed in the article.

Tim Fries Author · Tokenist

Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.

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Amid escalating geopolitical tensions in multiple regions of the world, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has opined they could lead to another World War and that Bitcoin (BTC) would do well in such circumstances.

As it happens, Kiyosaki discussed the future of banks, Bitcoin, gold, real estate, and the state of the world as he sat down with Gerald Celente, the editor and producer of the Trends Journal, for an episode of Kiyosaki’s The Rich Dad Channel podcast that premiered on April 17.

Bitcoin through the roof Specifically, as the popular finance educator pointed out, the global uncertainties are heightening toward the edge of a massive war, and “our banks are in trouble,” while assets like precious metals and cryptocurrencies are rising in demand and price, highlighting that:

“We’re talking about the ‘golden year’ for gold, and the reason for it is the banks are going bust – everybody knows that – Bitcoin is going through the roof, but the part that concerns me the most is World War 3, we’re on the verge of it right now.”

Furthermore, Kiyosaki asked Celente for his views, and the editor explained that there were now 300 regional banks in the United States that the experts have downgraded to negative, as opposed to five last year, and the commercial property debt accrued during Covid’s switch to working from home has led to:

“The banks face a $2 trillion wall of commercial property debt – $2 trillion coming due that they’re not going to be able to pay. The banks are going to go bust. It’s going to be a banking crisis the likes of which we have never seen in the world.”

BTC price prediction As a reminder, Kiyosaki has long supported the flagship decentralized finance (DeFi) asset, which he believes could one day hit the price of $2 million, agreeing in his view with Cathie Wood, the founder and CEO of ARK Invest, which manages several exchange-traded funds (ETFs).

Meanwhile, the maiden crypto asset was at press time trading at the price of $64,700, recording an increase of 5.27% on the day, reversing the losses of 8.31% from across the week, and accumulating a gain of 2.49% on its monthly chart, as per the most recent information retrieved on April 19.

Bitcoin price 24-hour chart. Source: Finbold In conclusion, Robert Kiyosaki might be correct in his predictions, but it is important not to follow anyone’s advice blindly and do one’s own due diligence, thoroughly investigating any asset before investing a significant amount of money in it because trends can shift on a whim, regardless of the industry.

Watch the entire video below:

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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US Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) have introduced the Lummis-Gillibrand Payment Stablecoin Act, proposing comprehensive regulation for stablecoins in the US.

The bill mandates operational and reserve requirements for payment stablecoin issuers, aiming to strengthen the US dollar’s dominance. However, it has faced criticism, particularly regarding its ban on algorithmic stablecoins.

🚨@gillibrandny and I are introducing the most comprehensive stablecoin bill to date.

Crypto assets are revolutionizing the world and as the undisputed leader in financial innovation, the U.S. must embrace crypto assets, but it cannot be done without clear rules for stablecoins. pic.twitter.com/vwRUEBUdsl

— Senator Cynthia Lummis (@SenLummis) April 17, 2024 Overview of the bill The Lummis-Gillibrand Payment Stablecoin Act defines payment stablecoins as dollar-pegged digital assets used for payments or settlements. Key provisions of the bill include operational requirements for issuers to operate through subsidiaries, deal exclusively in dollar-backed tokens, and ensure full backing by reserve assets. Additionally, stablecoin issuers would be required to disclose their reserve assets to the public and utilize non-depository trusts as custodians.

Ban on algorithmic stablecoins One of the most controversial aspects of the bill is its ban on algorithmic stablecoins, which rely on algorithms rather than full collateralization to maintain their value.

Critics, including Coin Center, argue that this ban stifles innovation and raises constitutional concerns. Coin Center suggests a more nuanced approach, such as a moratorium on new algorithmic stablecoins, to allow for ongoing innovation and examination by regulatory bodies.

Senators said that this regulatory framework is crucial for maintaining the U.S. dollar’s dominance and ensuring consumer protection. The bill also introduces a $10 billion limit for non-depository trust institutions to issue payment stablecoins, beyond which issuers must qualify as depository institutions authorized at a national level.

This move represents a concerted effort by Lummis and Gillibrand to shape the digital assets market, echoing previous unsuccessful attempts to define legal parameters for decentralized finance and establish jurisdiction for federal agencies over cryptocurrency.

Coin Center’s concerns on free speech and innovation Coin Center has voiced strong opposition to the bill, particularly criticizing its complete ban on algorithmic payment stablecoins. They argue that such a ban is not only detrimental to innovation but also unconstitutional. 

According to Coin Center, the ban on algorithmic stablecoins equates to a ban on publishing code, which they claim infringes on the First Amendment rights of developers. 

They advocate for a more nuanced approach, such as the one taken in the“Clarity for Payment Stablecoins Act,” which proposed a two-year moratorium on new algorithmic stablecoins instead of an outright ban. 

This approach, they suggest, is less restrictive and allows for ongoing innovation and examination by regulatory bodies.

The constitutional debate The debate over the regulation of algorithmic stablecoins extends to constitutional rights, with critics arguing that the prohibition could be seen as a prior restraint on free speech. This aspect highlights the complexity of regulating emerging technologies without infringing on fundamental liberties. 

Coin Center argues that any regulation must be narrowly tailored to serve a compelling government interest, a criterion they believe the current bill fails to meet.

The Lummis-Gillibrand Payment Stablecoin Act represents a significant step in the regulation of stablecoins in the United States. However, its ban on algorithmic stablecoins has sparked controversy, with critics arguing that it stifles innovation and raises constitutional concerns. 

The debate underscores the challenges of regulating emerging technologies while balancing innovation and consumer protection.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk

Apr 24, 2024, 1:30 a.m.

6 min read

Senators Kirsten Gillibrand (left) and Cynthia Lummis (Suzanne Cordiero/Shutterstock/CoinDesk)Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?

You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

Stablecoin qsThe narrativeLast week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced their latest joint bill, this time taking on stablecoins, the $160 billion section of the overall crypto market that's received a fair amount of attention recently – and is seen as the area where crypto legislation is most likely to actually happen. Which still isn't all that likely.

Why it mattersThe new Lummis-Gillibrand bill is a lengthy proposal detailing how stablecoins issued by U.S. companies would be overseen, how they could maintain their peg (algos are out) and how consumers might be protected.

Breaking it downThe new Lummis-Gillibrand bill creates a framework for state and federal oversight of stablecoin issuers, details a Federal Deposit Insurance Corporation (FDIC) process for possible collapses and bans algorithmic stablecoins outright.

Industry participants voiced a few immediate concerns about the new Lummis-Gillibrand bill, pointing to a lack of provisions accounting for crypto-backed tokens like DAI and the blanket ban on algorithmic stablecoins.

The bill has a comprehensive list of rules for stablecoins issued by U.S. companies but is far more limited in addressing foreign company-issued tokens, like Tether USDT$0.9988. A press release announcing the bill said "malign actors will no longer have the option to use unregulated foreign stablecoins."

At first blush, there doesn't appear to be a specific mechanism that would actually block them from doing so.

My colleague Jenn Sanasie asked Sen. Lummis on CoinDesk TV whether there was a specific mechanism that would prevent issuers based outside the U.S. from tapping U.S. customers.

"This is very much oriented towards a U.S.-regulated company, and so Tether, if it chooses to remain offshore [and] is happier with a different regulator, that's a business choice for them," she said. "But if they want the U.S. Good housekeeping stamp of approval on their product, and we hope they will, then they'll come into compliance in the U.S."

Tether issues the world's largest stablecoin, the eponymous tether USDT$0.9988, with $110 billion worth of tokens in circulation according to CoinGecko. It's also the most liquid, with CoinGecko reporting some $38 billion in 24-hour volume (the next largest stablecoin by market cap is Circle's USDC, with $34 billion worth of tokens circulating and $6 billion in 24-hour volume). (I reached out to Tether spokespeople for comment, but haven't heard back.)

Circle, as it stands today, wouldn't be able to continue operating – there's a $10 billion limit, above which stablecoin issuers would need to be state or federally chartered depository institutions.

Lummis said she wanted the company to look at the bill and determine how its compliance practices might need to change to fit.

"They probably have to get a federal charter, to be honest," she said.

It's also unclear to me how exactly this bill might treat stablecoins like DAI, which is issued by a decentralized entity but isn't an algorithmic stablecoin.

Time will tell where and how this bill will proceed.

The other major effort that seems to be underway comes from the House Financial Services Committee, with reports saying Chair Patrick McHenry (R-N.C.) and Ranking Member Maxine Waters (D-Calif.) met with Senate Majority Leader Chuck Schumer (D-N.Y.) to discuss attaching a stablecoin bill to some other piece of legislation. It's unclear just what the current version of the House bill looks like (neither McHenry's nor Waters' spokespeople responded to requests for comment).

And perhaps most intriguingly, Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said he could support a bill if it addressed consumer protection questions and had appropriate guardrails (spokespeople for Brown also didn't return a request for comment).

But of course, of course, of course, the clock is ticking. Lawmakers are already full swing in campaign mode. As we get to the summer, the chances of elected officials taking time off from the campaign trail for something as esoteric as stablecoins will be low. Any progress made will grind to a halt (and that's assuming we don't suddenly have another House speakership vacancy, though an effort to oust Mike Johnson seems to be wilting).

The more likely scenario is we may see passage during the lame-duck session, between the election and before the next Congress is sworn in. Even there, any bill would be attached to some must-pass piece of legislation, in all likelihood. This might be the next National Defense Authorization Act or some kind of budget bill.

How the stablecoin legislation efforts might evolve between now and then is anyone's guess, though with McHenry on his way out – he's not running for reelection – and Brown and Schumer apparently on board, there is still a better-than-negligible chance we will see a bill become a law by January.

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The U.S. Department of Justice and Changpeng Zhao's attorneys are expected to file their respective sentencing memos. His sentencing hearing is on April 30.Friday

The U.S. Department of Justice has a deadline to file its opposition to Roman Storm's motion to dismiss the case against him.Elsewhere:(CNN) North Korean citizens may have produced work for U.S. animation studios, the cable news channel reported after digging through documents found on a North Korean server.(New York Magazine) John Herrman walks through why the internet is a lot less fun now, looking at the role of ads and search engine optimization as one lens.(New York Times) David McCormick, the Republican challenger to Senator Bob Casey (who wrote an oped on crypto last month), may have exaggerated his origin story during his campaign (and his last one). Interestingly, he tried to refute this article via a thread on X (formerly Twitter) prior to its publication.(Vox) A few weeks ago in this newsletter I said I wasn't sure whether there were more aviation incidents happening (particularly to United, which keeps seeing weird things happen) or if people were paying more attention. Kelsey Piper reports that in reality, the number of aviation incidents in the U.S. appears to be about on par with previous years.If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at [email protected] or find me on Twitter @nikhileshde.

You can also join the group conversation on Telegram.

See ya’ll next week!

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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On-Chain Yield: Altura Secures $4 Million Funding Round

Table of contents

Altura has officially launched its Mainnet, with a flagship Vault and made it operational at 3PM UTC. The launch is also a landmark to the protocol because it presents a base 20% APY that will be sustainable under varying market conditions. A long-term performance and transparent implementation make the strategy of Altura contrast with the short-term incentives-oriented yield models.

Addressing DeFi’s Sustainability Challenge The majority of the yield provided throughout DeFi currently is dependent on the emissions or temporary incentives that dissipate once market conditions change. With token rewards exhausted or strategies crashing, advertised APYs tend to fall apart, placing users in the dark. Altura provides its Vault as a solution to this ongoing problem whereby yield generation has been designed to do well irrespective of whether the markets are bullish, bearish, or sideways.

The Vault itself is built based on a range of institutional-quality strategies which execute on-chain in a transparent manner. The purpose of this structure is to eliminate the use of non-sustainable incentives and offer steady returns with verifiable activity.

Transition From Pre-Deposit to Live Vault Altura provided a pre-deposit period before the start of the mainnet to quell initial capital and enable the ecosystem. Those that invested initially were given preAVLT tokens, an initial vault share, and Nest Points as a result of Nest Boxs.

PreAVLT tokens have been implemented with the Vault functioning, and it transforms one-to-one into AVLT, the official vault share token. Nest Points are automatically converted to Altura Points which are a component of the overall rewards system of protocol. AVLT is proportional ownership of the Vault, and it starts to accrue yield upon claim and continues to do so automatically, without its holder needing to take any manual action.

How Altura Generates Sustainable Yield The yield model of Altura is based on a diversified portfolio of on-chain strategies that are expected to work in various market conditions. These are market-neutral trading and funding approaches that accumulate pricing inefficiency, as well as staking and restaking yields obtained by underpinning established networks and charges obtained through on-chain liquidity supply.

The Vault does not rely on any single strategy since it incorporates several independent sources of returns. In case of underperformance of one source, the others would carry on with yield. Notably, the interest rate earned on the Vault goes straight to depositors, and there is no inflation-related emission of artificial returns.

Return is automatically compounded by increasing the price per share of the Vault and compounding user positions. All balances, asset flows, strategy execution, and updates in PPS are verifiable, on-chain.

The Altura Points System Explained Along with the base yield, Altura is launching the Altura Points system, which is a layer of rewards that is expected to make it worthwhile to contribute over the long term instead of a speculative investment. The number of points earned depends on the size of the capital deposited and time in the Vault, which is more convenient and persuasive.

Weekly distribution of points is done during the pre-TGE phase. There are also other sources of earnings such as the referral system or the Cookie Leaderboard which compensates users due to their contribution to the visibility and activity of Altura on X.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

Altura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail investors, targeting 20% annualized returns, according to a Thursday release shared with Cointelegraph.

According to Altura, the product pools user deposits into a vault that recycles capital through short-duration physical gold trades. Unlike platforms like Robinhood or Revolut that offer passive gold price exposure, Altura claims to be tokenizing the underlying arbitrage process itself.

The company says it has raised $4 million in funding and has already facilitated the movement of about 185 kilograms of gold, representing roughly $28.5 million in cumulative transaction volume, per the release.

Matthew Pinnock, co-founder and chief operating officer of Altura, told Cointelegraph the goal is to “bring an institutional-style gold strategy onchain in a way that retail investors can actually access.”

The launch comes as spot gold trades near record levels after surging to an all-time high above $5,300 an ounce in January, though it has since pulled back sharply. Altura’s launch points to a new phase in tokenized real-world assets, where projects are no longer just offering passive exposure to commodities but are trying to package institutional trading strategies as onchain DeFi yield products for retail users.

A strategy typically reserved for institutional tradersPinnock said Altura’s “revenue-generating trading strategy” was historically used by institutional commodities desks, and that high capital requirements, legal complexity and counterparty risk in traditional bullion arbitrage have effectively kept smaller investors out of this type of trade.

Gold price over the last 12 months. Source: Trading Economics

Gold purchased on behalf of Altura by its trading partner Inessa is tokenized at acquisition, Pinnock said, with those tokens escrowed through each trade and custody transitions recorded via dual cryptographic signatures. Depositors do not hold direct title to bullion but gain exposure to returns generated by the trade flow, he added.

Altura’s setup depends on a network of offchain actors. The company says it is working with Aurellion Labs and Inessa, which in turn partners with air-cargo specialist Zeal Global, to execute and verify trades.

On the targeted 20% yields, Pinnock said the strategy is structured to be “close to delta-neutral,” with trade terms agreed before logistics execution begins so that returns come from price discrepancies between counterparties rather than directional bets on the gold price.

Each arbitrage cycle typically completes within one to two days, allowing capital to be recycled multiple times and limiting exposure to spot moves, he said, while acknowledging that yields would compress if pricing inefficiencies narrow.

Rising interest in real-world yieldsThe launch comes amid rising interest in “real-world” DeFi yields, as tokenized asset and RWA protocols grew to roughly $17 billion in total value locked in December 2025, according to DefiLlama data.

However, a joint report by RWA.io and Veritas Protocol in that same month found that losses from onchain operational failures in tokenized RWA markets rose to $14.6 million in the first half of 2025, a 143% increase from the previous year, highlighting how complex offchain structures can still translate into user losses.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation — Santiment founder

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

London, United Kingdom, April 29th, 2026, Chainwire

Altura, the institutional yield strategies vault built on HyperEVM and led by an ex-Fidelity and PwC team, today announced the launch of an AVLT / USDT0 lending market on Morpho. 

The integration marks the first time AVLT vault shares can be used directly as collateral to borrow stablecoins within a permissionless lending protocol, allowing holders to access USDT0 liquidity without exiting their yield position.

“AVLT was designed to put institutional yield strategies within reach of every investor. This integration with Morpho takes that a step further — holders can now borrow against their position without sacrificing the yield working underneath it. That is a level of capital efficiency that simply did not exist for this type of asset before,” said Ranveer Arora – Co-Founder & CEO at Altura DeFi.

Indicative rates at launch are approximately 12.25% APY for lending and approximately 14.25% on borrowing. 

AVLT as productive collateral The Morpho integration changes the role AVLT plays in DeFi. Until now, holders generated yield passively by holding vault shares. With this market open, AVLT becomes collateral inside a permissionless lending venue, enabling holders to borrow USDT0 against their position while the underlying vault strategies continue to compound. Capital that was previously locked in yield generation can now be deployed elsewhere without the holder redeeming their Altura position.

Morpho’s permissionless architecture supports isolated markets with custom risk parameters, making it particularly suited to structured asset classes like AVLT. 

Unlocking Liquidity From Yield Positions  Altura is a multi-strategy yield protocol designed to deliver sustainable, blue-chip grade returns through a single unified vault. Users deposit USDC or USDT from HyperEVM, Ethereum, Polygon, Arbitrum, Optimism, and receive AVLT, the protocol’s yield-bearing vault share token.

Yield accrues automatically via a rising price-per-share model, meaning holders do not need to claim or manage positions manually.

The protocol allocates capital across a diversified set of non-directional and asset-backed trading strategies, including market making, funding rate and basis arbitrage, staking yield capture, structured liquidity provision and gold RWA strategy.

A distinctive component to Altura is a real-world asset strategy, which generates returns through short-cycle physical gold arbitrage facilitated by its trading partners. A mechanism that was historically used by institutional commodities desks but had been effectively closed to smaller investors due to high capital requirements and counterparty complexity. 

The architecture emphasises institutional-grade yield generation with layered security measures. Rather than relying on inflationary token emissions; Altura’s framework relies on real economic activities that are publicly accessible via their dashboard. Through this open transparency, the protocol has completed six independent security audits across Adevar Labs, Omniscia, and Sherlock.

About Altura:

Altura is a multi-strategy DeFi yield protocol built on multiple EVM chains, designed to give users access to institutional-grade trading strategies through a single on-chain vault. Users deposit stablecoins and receive vault shares representing proportional ownership, while the protocol automatically deploys capital across diversified, market-neutral strategies including arbitrage, funding rate capture, market making, and real-world asset trading. Yield is reflected through a price-per-share model, allowing returns to accrue transparently as underlying strategies generate revenue.

The protocol is built around transparency and capital efficiency, with all fund movements, strategy activity, and balances verifiable on-chain. Rather than relying on token emissions or speculative exposure, the company sources yield from real economic activity such as market inefficiencies, liquidity provision, and asset-backed trading, including gold arbitrage. By abstracting execution while maintaining visibility, the team aims to provide a passive, auditable way for users to access diversified yield strategies typically reserved for institutional participants. 

About Morpho:

Morpho is a decentralized lending protocol with different entities and individuals contributing to its development and adoption. As a result, the documentation refers to different areas of “Morpho” which are worth distinguishing.

50% of total deposits routed into Altura are cross-chain; Altura's vault lives on HyperEVM. Its depositors do not.

That creates a distribution problem:

How do you make a single-chain vault accessible from every chain where users already hold capital?That mismatch determines whether a vault can only absorb deposits from its native chain or pull capital from every chain its users already sit on. Altura solved it by plugging into Enso. The result is a single-chain yield product that behaves like a multi-chain TVL magnet, with $20M in routed deposits to show for it.

“Most stablecoin holders aren't on HyperEVM. Working with Enso lets us reach them where they already are, without asking them to bridge first." — Louie Rice, AlturaThis case study is for web3 wallets, vault managers, asset managers, and liquidity providers asking the same question Altura asked: How do I make my vault depositable from everywhere capital already exists, without writing bridge code, signing distribution deals one-by-one, or rebuilding execution infrastructure for every origin chain?

The OpportunityAltura is a multi-strategy yield issuer on HyperEVM. The vault is the product, capital comes in, Altura dynamically allocates it across yield strategies, and depositors hold a single position on a single chain.

The challenge for any yield issuer is distribution.

A vault deployed on one chain is naturally limited to users already on that chain, unless someone builds the execution layer that connects external capital to the product.

Capture TVL from any chainEvery step of friction between a holder's existing balance and the deposit is TVL the vault never sees. For an Earn product to grow, the work between "I want yield" and "I'm earning yield" has to disappear.

For the depositor, the only remaining question should be:

How much do I want to deposit?The ChallengeA user with USDC on Ethereum cannot directly deposit into a HyperEVM-native vault. In practice, the path is five steps:

1. Bridge assets from Ethereum to HyperEVM.

2. Convert into the supported vault deposit asset.

3. Mint Altura vault shares on HyperEVM.

4. Bridge the resulting position back to the origin chain.

5. Track exposure across chains.

Every step is a place the deposit can fail, stall, or be abandoned. Altura needed full-path execution, not just routing. At this point, Altura had an access problem: the capital it wanted to attract was spread across chains, while the vault lived on HyperEVM.

The SolutionAltura uses Enso Earn to power cross-chain minting end-to-end.

Enso handles the round-trip path as one coordinated operation:

Recursive Bridging with EnsoEnso routes the bridging, executes the mint on HyperEVM, settles the position back to the user's origin chain, and accounts for the cross-chain state along the way.

The user signs once on the chain where they already hold capital. They get a settled position. Altura gets a vault deposit through its native HyperEVM environment. Neither side has to manage the cross-chain plumbing directly; Enso coordinates it.

Enso as Distribution InfrastructureAltura's own frontend is the only deposit surface, but now every wallet, asset allocator, embedded-finance app, or liquidity provider can also serve as a distribution channel for Altura's vault.

Wallets, yield aggregators, incentive platforms, embedded-finance products, allocator interfaces, and other DeFi applications routing through.

Enso can all become deposit surfaces for Altura. For a vault issuer, this means:

- TVL from distribution surfaces you do not have to source.

- Depositors you would never have reached one-by-one.

- A network of inlets that grows every time Enso ships a new integration, without Altura doing the work.

Results- Altura reached $20M TVL, with half of those deposits being cross-chain.

- Origin chains include Ethereum, Arbitrum, Polygon, Optimism, and Base, capital that would otherwise be inaccessible to a HyperEVM-native vault.

- Zero failed deposit flows across tracked Enso-routed executions.

“What matters to us is that the deposit just works. A cross-chain flow that fails halfway is the fastest way to lose someone's trust, so we needed an execution layer we can rely on every time." — Louie Rice, AlturaStrategic TakeawayThe next generation of Earn products will compete on distribution.

By plugging into Enso, Altura turns a single-chain vault into a chain-agnostic yield product that can continuously source deposits from wherever user capital already exists.

That means:

- More reachable TVL.

- More deposit surfaces.

- More distribution without additional integration overhead.

Altura's frontend is only one entry point.

Wallets, DeFi yield platforms, embedded-finance apps, allocator interfaces, incentive systems, and other third-party products integrated with Enso can also route deposits into Altura through Enso Earn.

Every new Enso integration becomes another potential capital inlet for the vault.

Instead of sourcing deposits chain-by-chain and integration-by-integration, issuers can plug into a shared execution and distribution layer that continuously expands, from which deposits can originate.

And because Altura's vault shares are chain agnostic, additional DeFi markets can be deployed wherever demand exists, whether through Pendle markets, Morpho vaults, lending integrations, or other liquidity venues across chains.

Issuing a vault, structured product, or earn strategy?

Talk to Enso BD about plugging into our distribution network: @lindyhan Building the integration?

Read the docs: docs.enso.build

LinksExplore EnsoStart buildingFollow us on XJoin the community

On June 22, Altura CEO Ranveer took to X (the social media platform) to announce that Altura has faced an unprecedented surge in redemption requests over the past 24 hours, with the platform already processing more than $8.5 million in instant USDT redemptions. Due to sustained redemption demand and prevailing market conditions, Altura has decided to launch an orderly liquidation of its treasury — a move aimed at prioritizing user fund security while ensuring all redemptions are completed fairly, transparently, and efficiently. The platform has notified all counterparties and partners of this decision, and has started unwinding positions across its investment portfolio, including holdings on exchanges, private credit opportunities, and real-world asset strategies. Some positions are eligible for immediate redemption, while others will follow standard settlement and redemption timelines. Altura is collaborating closely with all counterparties to speed up the process as much as possible. Ranveer noted the liquidation is proceeding smoothly and in an orderly fashion, with funds being returned to users incrementally as underlying positions are redeemed. The team will work through the weekend to continue processing redemption requests and stay in touch with partners and users.

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Altura, a DeFi yield protocol on HyperEVM, is pulling the plug on its primary USDT vault after processing more than $8.5M in redemptions within a single day. The vault, which had peaked at $39M in total value locked, became collateral damage in a panic that started somewhere else entirely.

The wind-down, announced on June 21 by CEO Ranveer Arora, is being framed as a protective measure. The goal: ensure every user gets their money back in an orderly fashion rather than letting a bank-run dynamic play out in real time.

What actually happened Main Street’s msUSD stablecoin lost more than 70% of its peg after its proof-of-solvency provider, a firm called Accountable, abruptly ceased operations on June 20-21. That collapse sent shockwaves through any protocol even loosely associated with the same infrastructure.

Altura shares Accountable as a solvency verification provider but had zero direct exposure to msUSD itself.

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Users began pulling funds almost immediately. Over $8.5M in USDT was redeemed within 24 hours, enough to force Arora’s hand. Rather than watch the vault drain under chaotic conditions, the protocol chose to initiate a structured wind-down, contacting counterparties and partners to begin unwinding positions across exchanges and other assets.

How Altura’s vault worked Altura’s vault architecture follows the ERC-4626 standard, a tokenized vault design that’s become a common template in DeFi. Users deposit USDT and receive vault shares representing their proportional claim on the pool.

The protocol then deploys those deposits across several yield-generating strategies: funding-rate arbitrage, market making, and real-world asset (RWA) allocations.

Withdrawals operated on a dual-path system. Users could pull funds instantly for a 0.1% fee, or opt for an epoch-based withdrawal at 0% cost. When $8.5M exits in a day from a $39M vault, you’ve lost roughly 22% of your TVL overnight.

The Accountable domino effect Accountable served as a verification layer, the entity that could independently confirm whether a protocol’s reserves matched its liabilities. When Accountable stopped operating, every protocol that relied on it for credibility suddenly found itself without a receipt.

Main Street’s msUSD took the direct hit, losing over 70% of its value. Altura, despite having no financial connection to msUSD, was guilty by association.

Arora expressed frustration at what he characterized as misinformation driving the withdrawal surge.

What this means for investors Altura’s other products remain operational. The protocol’s HyperEVM lending vault and Ethereum vault offerings are reportedly unaffected by the USDT vault wind-down.

Investors evaluating DeFi yield products should now be asking: who verifies the verifier? If a protocol’s solvency assurance depends on a single external entity, the entire value proposition carries a single point of failure.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Altura Begins Orderly Vault Wind-Down as Withdrawal Demand Surges

DeFi yield platform Altura has announced an orderly wind-down of its vault operations. This comes after experiencing a surge in withdrawals triggered by growing market panic following the recent Mainstreet (MSY) depeg.

The move comes even though Altura insists it had no direct exposure to Mainstreet or any of its investment strategies.

Mainstreet Depeg Sparks FearThe panic started after Mainstreet’s msUSD stablecoin depegged. This event shook the DeFi market and triggered withdrawals across several protocols, including Altura. However, Altura said it had no exposure to Mainstreet and confirmed its vaults and markets (HyperEVM lending vault, Alpha USDT Prime, and USDT/AVLT) were unaffected. 

Still, fear spread quickly, and withdrawals spiked. Altura processed over $5M in 24 hours. CEO Ranveer Arora later confirmed that total redemptions had crossed 8.5M USDT. 

Dear Users,

Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.

Given the sustained withdrawal demand and current market sentiment, we have made the…

— Ranveer (@ranveerar89) June 21, 2026 Altura Starts Unwinding PositionsFaced with continued withdrawal pressure and negative market sentiment, Altura decided to begin winding down its vault. The company made this decision in an effort to protect user capital.

We recently became aware of the depeg event affecting Mainstreet (MSY).

As Altura, we have never had any exposure to Mainstreet or any of its underlying investment strategies.

Our HyperEVM lending vault (Alpha USDT Prime), the associated USDT/AVLT market, and borrowers…

— Altura (@alturax) June 21, 2026 “Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner,” Arora said.

The company has already notified partners and counterparties. In addition, it has started unwinding positions held across exchanges, private credit opportunities, and real-world asset (RWA) strategies.

According to Arora, some positions can be redeemed immediately, while others require standard settlement periods. Capital will be returned to users as underlying investments are redeemed.

No Hack, But Liquidity Is TightAltura stressed that this is not a hack or insolvency event. Meanwhile, DefiLlama data shows that Altura currently manages approximately $32.36 million in total value locked on Hyperliquid L1. Its tracked yield pool offers an average APY of around 17.5%.

However, part of those assets is allocated to private credit and RWA investments. This allocation makes them difficult to liquidate quickly during periods of heavy withdrawals.

As a precaution, Altura has advised users to unwind borrow or looping positions involving the AVLT/USDC ETH market. Users are advised to take this action until conditions stabilize.

The protocol’s AVLT token has also come under pressure, falling from $1.08 to around $0.93 over the past week. For now, Altura says it will continue providing updates as redemptions progress and additional liquidity becomes available.

Community Reaction

On the other hand, One crypto user raised concerns about Altura’s legitimacy, questioning its claimed RWA strategy and its relationship with Inessa Holdings. The user reported several red flags, including Inessa Holdings’ limited online history and a recently registered website. The user cited lack of office addresses, similarities between the Altura and Inessa domains, and doubts about how the firm generates 20%+ APY. Additionally, the user claims of incorrect public data and Altura’s stated strategies warning other users to reduce exposure to AVLT-related products. 

Story Ends Here

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Read the Next News

Altura: AVLT redemptions paused to ensure smooth treasury asset liquidation

NuNet, a decentralized peer-to-peer network for sharing computing power, has announced the launch of Cardano-based payments. 

NuNet made the announcement following a successful demonstration of decentralized compute payments on the Cardano blockchain. The event confirms real-world functionality rather than a conceptual roadmap, signaling readiness for broader adoption. 

Key Points  NuNet has launched Cardano-based payments for its decentralized peer-to-peer compute network.  This support follows the release of Device Management Service (DMS) v0.9.0, which expands contract settlement beyond Ethereum.  The system allows seamless switching between Ethereum and Cardano within a single payment flow.  While Cardano payments are now live, the network’s native NTX token will continue to drive coordination and orchestration.  Adding Cardano support represents a key milestone ahead of NuNet’s mainnet launch, scheduled for early March.  NuNet Expands Contract Payments Beyond Ethereum  NuNet positioned itself as a multi-blockchain decentralized compute marketplace but relied primarily on Ethereum for settlement, in line with broader Web3 standards. However, earlier this month, the project reached a key milestone with the release of Device Management Service (DMS) v0.9.0. 

With this update, NuNet added Cardano support to its payment system, extending settlement beyond Ethereum and strengthening its multi-chain architecture. As a result, users can now deploy compute jobs and pay directly with ADA, while the NTX token continues to drive network coordination and orchestration. 

Moreover, the system allows seamless switching between Ethereum and Cardano, delivering a production-ready payment flow from deployment through settlement. Overall, this upgrade builds on earlier infrastructure improvements and positions NuNet for its live phase with full multi-blockchain support. 

NuNet Gears Up for Mainnet Launch According to NuNet, activating Cardano payments represents a pivotal step toward its mainnet launch. The mainnet infrastructure is scheduled to go live on March 2, 2026, marking the transition from testing to a fully operational decentralized compute economy. 

In a statement, the NuNet team emphasized that its infrastructure is now ready for global adoption. Following the deployment of Cardano-based payments, the project stated that it has showcased its ability to deliver seamless payments, multi-blockchain support, and real-world utility. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Table of contents

Phoenix Group has issued its most recent crypto market snapshot of February 17, 2026, which lists what it refers to as the top crypto assets within the Accumulation Zone. The data show that a number of prominent altcoins are registering significant market volumes and price fluctuations over the last seven days, indicating that they are being accumulated amid a mixed performance over the short term.

The accumulation stage is often an indicator of a time when investors quietly accumulate ahead of a possible breakout. Phoenix Group observes that volumes of trading are usually high during such times than normal.

Render and Bonk Lead Weekly Gains The largest market capitalization in the group is that of Render (RENDER) at $764.5 million. In the last 7 days, RENDER showed a good rise of 10.54 percent to place it among the top performers in this accumulation basket. The upward trend of the project indicates long-term trader interest.

The next one is Bonk (BONK) with a market cap of $574.6 million and a 7.12 percent growth per week. Being a meme-based token that is highly engaged in the community, BONK remains a magnet to speculative flows. The upward trend throughout the week is indicative of rejuvenated risk-taking by some market segments.

Stacks (STX) has a market cap of $477.9 million and an increase of 3.11 percent in the same period. The medium growth means the stability in comparison to tokens with high volatility in the list.

Mixed Performance Signals Crypto Market Rotation Not every crypto asset in the accumulation zone registered gains. Decred (DCR) with a market capitalization of $413.3 million fell by 9.06 percent in the last one week. Although it declined, Phoenix Group continues to classify it as part of the accumulation stage, meaning that price weakness does not always eliminate underlying positioning action.

Story (IP), which has a valuation of $406.2 million, fell by 1.61 percent. Curve (CRV) recorded 2.00 percent growth, and it has a market capitalization of $372.6 million. One of the most impressive performances of the week was in the humanity (H), which shot up by 26.70 percent and its market capitalization stood at $352.5 million. It is such a rapid growth that indicates an increase in speculative momentum or new capital flows.

Kaia (KAIA) increased by 5.17 percent and it has a market capitalization of $341.0 million. Another meme-oriented asset, FLOKI (FLOKI) was up 6.38 percent and has a valuation of $306.2 million. The Sandbox (SAND) recorded a 0.63 percent growth and a market capital of $230.8 million.

What the Accumulation Phase Suggests Phoenix Group says that the accumulation phase is marked by the convergence of crypto asset performance and critical measures in a manner that indicates structured buying. Volumes during this period are normally high. The company attributes this movement to either algorithmic trading or to bigger investors accumulating gradually without causing sharp price movements.

Accumulation in most crypto market cycles is followed by a wider mark up period. These zones are the ones that are mostly followed by traders, as they can provide an early indication of where the capital can move the next. This does not necessarily mean that accumulation will be followed by immediate increases though. Prices may either converge or even further reduce before a breakout.

Mid-Cap Altcoins in Focus The fact that mid-cap tokens are concentrated in this list reflects a larger theme in the current crypto market environment. Instead of concentrating on large-cap leaders, it seems that traders are looking into crypto assets with expansion potential but well-established liquidity profiles. The tokens include RENDER, BONK, STX, and CRV, which merge familiar branding with medium-valuation, which may appeal to retail and institutional players.

The variety in the basket, which includes projects focused on infrastructure and meme coins and metaverses, such as SAND, means that the signs of accumulation are not limited to the one-story. Rather, capital appears to be diffusing through various fields of the crypto asset ecosystem.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

Table of contents

Phoenix Group has published its most recent crypto market snapshot, which shows the digital assets that are in the accumulation stage as of February 23, 2026. The report lists ten tokens with sustained accumulations in both trading and positioning, which argues that investors are quietly building up exposure. The data show that crypto assets in various industries, such as DeFi, metaverse, infrastructure, and payments, are undergoing significant accumulation periods of between three days and thirty days.

The accumulation phase as identified in the report is characterized by a period of above normal trading volumes which is usually systematic positioning by larger market participants or algorithm trading systems. Although price volatility could be mild at this phase, on-chain indicators and liquidity flows can indicate underlying demand.

Short-Term Accumulation: Orca and GoPlus Lead Early Moves Orca (ORCA) has one of the shortest accumulation periods, with a market capitalization of $58.6 million today and three days of accumulation traced. Decentralized exchange protocol Orca seems to be experiencing a resurgence of interest following a comparatively silent period.

GoPlus (GPS) ranks second with a market capitalization of $57.2 million and an accumulation period of twelve days. The Web3 infrastructure project with security in mind has been gaining momentum steadily, implying that traders might be preparing for the possible developments in the ecosystem.

Mid-Cap Crypto Assets: Zilliqa, Somnia, and Fluid Zilliqa (ZIL) has an accumulation period of seventeen days, which is backed by a market capitalization of $82.1 million. Being a scalable, enterprise-oriented layer-1 blockchain, Zilliqa has a long build, so it is unlikely that the interest of investors will fade into a short-lived speculative peak.

Somnia (SOMI) is worth $31.8 million and has accumulated over eighteen days. Somnia, with a small market capitalization relative to Zilliqa, has just under three weeks to build, thus suggesting constant positioning.

The best performer in this segment is fluid (FLUID) with a market capitalization of $157.0 million and an accumulation of twenty-three days. Its greater valuation and the extended period of build might indicate institutional or high-volume trader participation.

Extended Accumulation: Boundless, Kaia, and Infinit Boundless (ZKC) is on its twenty-five-day accumulation mark, but it has a relatively small market capitalization of $19.8 million. In lower-cap tokens, the accumulation breaks out as a sharp movement of the token.

Kaia (KAIA) leads the list in market capitalization of $318.0 million, and has maintained twenty-seven days of accumulation. Its valuation position is close to the upper end of the spectrum, indicating that there might be substantial capital flowing into the crypto asset.

Infinit (IN) with its twenty-seven days of accumulation has a market cap of $19.2 million dollars. Although its size is smaller, the corresponding time period with Kaia includes constant involvement instead of the occasional bursts.

Thirty-Day Leaders: The Sandbox and Alchemy Pay Sandbox (SAND) and Alchemy Pay (ACH) lead in the rank of duration, with a record of thirty days in growth. The metaverse-oriented platform, the Sandbox, has a large market capitalization in the form of a substantial 212.7 million dollars. An entire month of accumulation usually represents systematic positioning as opposed to a short-term purchase.

Alchemy Pay has a $72.3 million market cap, which reveals month long accumulation period as well. Being a crypto-fiat payment gateway provider, its prolonged build may indicate a new revival of payment infrastructure stories.

Crypto Market Implications of the Accumulation Trend The variety of assets on the list of Phoenix Group demonstrates a mixed activity in the digital asset market. Ranging from the decentralized exchange, the likes of Orca, to the infrastructure projects such as Zilliqa, metaverse exposure via The Sandbox, payment solutions like Alchemy Pay, and the new tokens such as Boundless and Infinit, it seems to cut across a variety of verticals.

The coming weeks will decide whether these assets will turn quiet positioning into general market rallies with accumulation periods of between three days and thirty days. At this point, the recent statistics of Phoenix Group indicate that strategic capital management remains under the radar of the crypto market.

AUTHOR

With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

Several cryptocurrencies have seen a surge in market attention this week, as recent data highlights a shift in investor sentiment despite geopolitical challenges in the Middle East. Information shared by the analytics platform Phoenix Group emphasized that certain digital assets have become increasingly prominent on major exchanges such as Binance, as broader macroeconomic instability drives both caution and opportunity among traders.

Market volatility follows regional conflict impactThe current conflict in the Middle East, particularly disruptions in the Strait of Hormuz, has injected new volatility into global markets. This development has also rippled into the cryptocurrency space, leading to heightened swings in crypto valuations and increased trading volumes as investors respond to uncertainty in oil flows and logistics.

With uncertainty affecting traditional assets, digital currencies are being closely watched for clues on changing investor strategies. Binance, consistently ranked as the world’s largest cryptocurrency exchange by volume, has become a focal point for the shifting dynamics, as traders gravitate towards trending coins exhibiting significant movement or perceived potential.

Phoenix Group, known for its blockchain research and real-time analytics, tracked emerging trends by monitoring both price action and capital flows. The group’s analysis has spotlighted several coins standing out for notable activity, including sudden surges in demand, new token launches, and heightened social media presence.

As a result, the roster of leading coins this week has reflected both established tokens and newer entrants, shaping the discourse in trading communities and fueling speculation about possible continued outperformance.

Trending crypto assets and key developmentsMonad (MON) was identified as the most actively discussed and traded token this week, registering a price increase of 26.9%. This activity signals growing interest in Monad’s decentralized network, supported by significant inflows from both individual and institutional participants.

Pippin (PIPPIN), an AI-powered meme coin built on Solana, ranked second in trading popularity. Despite its price falling 26.8% over the week, increased accumulation by retail and more experienced investors suggests a strategy of buying during price dips, indicative of optimism about future growth.

Hyperliquid (HYPE) also made the top trending list, entering what analysts describe as an accumulation phase. With a current price of $35.79 and recent declines of just over 10%, the coin is drawing buyers anticipating a potential recovery, resulting in steady silent trading activity.

EdgeX (EDGE), a decentralized exchange focusing on perpetual futures and spot trading, has observed renewed buying interest after its native token’s launch on April 3. As a new entrant, EdgeX has rapidly captured user attention, propelling it among the top performers on Binance in its first days of trading.

Puffer Finance (PUFFER), known for its liquid restaking approach, rounded out the top five. A 42.7% weekly price increase highlights a substantial uptick in institutional interest and accumulation by large holders, underpinning what some see as the start of a longer-term upward trend.

Completing the group of highlighted assets are StakeStone (STO), Pi Network (PI), Sui (SUI), Berachain (BERA), and Core (CORE), each exhibiting robust market activity according to Phoenix Group’s observations.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

PANews reported on April 14 that Livio Weng, CEO of Newfire Group, recently gave an exclusive interview to Phoenix TV, offering his insights on the issuance of stablecoin licenses in Hong Kong and the industry's development. He stated that the regulatory move is prudent and reasonable, avoiding the "sprinkling pepper" effect caused by resource dispersion and significantly improving the certainty of compliant project development. At the same time, the Hong Kong dollar stablecoin sector urgently needs to seize this opportunity to achieve a leapfrog development.

Livio Weng stated that the success of stablecoins relies on large-scale application and a complete ecosystem collaboration. Too many licenses can easily lead to resource fragmentation and inefficient "pepper-sprinkling" competition, which in turn hinders the overall development of the industry. As a leading digital asset service company in Hong Kong, Newfire Group has seen significant customer growth in the past six months, with a considerable number of clients expressing demand for stablecoins. Therefore, we also plan to establish a stablecoin trading and asset management business in the next six months.

In addition, Livio revealed in the interview that AI Agent will be a key force driving the large-scale application of stablecoins for a long period of time.

PANews reported on May 13 that U.S. Treasury Secretary Bessenter's plane arrived in Beijing before U.S. President Trump. According to Phoenix TV reporter Ji Hongying's on-site report, Bessenter departed for China after concluding U.S.-China trade talks in South Korea, arriving in Beijing ahead of President Trump. His C-40 aircraft appeared at Beijing Capital International Airport at around 5 p.m. on May 13.

Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains.

Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around $86.51, with a fully diluted valuation of roughly $54.22 billion, a circulating market capitalization near $49.99 billion and 24-hour volume of about $2.74 billion. The same screen listed Solana’s current supply at 577.86 million SOL and max supply at 626.75 million SOL.

On Arkham’s Hyperliquid page, HYPE was shown trading at $56.71, giving the network a fully diluted valuation of about $54.57 billion. That puts it slightly above the Solana FDV shown in Arkham’s Solana screenshot, at roughly $54.22 billion. The comparison is notable because Hyperliquid’s circulating market capitalization was much smaller, at about $13.28 billion, reflecting a current supply of 238.39 million HYPE against a max supply of 962.27 million. Arkham also showed 24-hour HYPE volume of roughly $1.20 billion, with the token trading near its listed all-time high of $59.30.

Hyperliquid has flipped Solana by FDV. pic.twitter.com/rDF5FRg4TK

— Arkham (@arkham) May 21, 2026

Hyperliquid And Solana Lead All ‘Revenue Chains’ The FDV flip comes as Hyperliquid has also been showing up at the top of crypto revenue rankings. In post on X, Bitwise CEO Hunter Horsley lists Hyperliquid with $790.55 million in total revenue, ahead of Solana at $532.34 million. TRON followed at $471.20 million, while Ethereum was shown at $425.56 million.

Horsley framed the comparison less as a zero-sum fight between HYPE and SOL and more as evidence of a broader category emerging inside crypto.

“There’s a new class in crypto: the revenue chains,” Horsley wrote. “The leaders are Hyperliquid & Solana. Both do some overlapping things, and some different things. Both have exceptional communities, usage, use cases, etc.”

That framing matters because the Hyperliquid-Solana comparison is not purely about market capitalization. It is also about where users, liquidity and trading activity are concentrating. Hyperliquid’s revenue profile has become central to the HYPE thesis, while Solana remains one of the largest high-throughput ecosystems in crypto, with broad activity across trading, DeFi, consumer applications and token issuance.

Horsley argued that both networks are positioned around the same structural tailwind: capital markets moving onchain. “I think that both will rise together, just as iOS and Android both rode the structural adoption of mobile,” he wrote. “In the case of the revenue chains, they are riding the wave of capital markets coming onchain.”

Solana Camp Downplays Rivalry Solana co-founder Anatoly Yakovenko also pushed back against the idea that Hyperliquid’s rise should be treated as a threat to Solana’s roadmap. Responding to a post about Hyperliquid, Yakovenko wrote: “I am not worried about someone else succeeding. Whether hype succeeds or not isn’t going to change what I or the rest of the Solana ecosystem will be working on.”

Yakovenko once again presented Solana-based Phoenix Trade as a better version of Hyperliquid: “Try Phoenix Trade my HL brother.”

Meanwhile, Horsley highlighted the success of both. “If you are rooting for HYPE or SOL or both, success will be less about the competition between the two — healthy ofc — but rather the rise of onchain capital markets,” he wrote. “Root for capital markets coming onchain.”

At press time, HYPE traded at $58.354.

HYPE approaches it September 2025-high, 1-week chart | Source: HYPEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

The Pentagon just wrote a half-billion-dollar check to a startup that pulls rare earth metals out of mining waste. Phoenix Tailings, a company that extracts and refines rare earth elements from industrial byproducts, landed a $500 million conditional loan commitment from the Department of Defense’s Office of Strategic Capital.

Combined with private investment, the total funding package is expected to approach $1 billion. That kind of money buys you a new processing facility, expanded operations, and a meaningful step toward untangling the US from China’s grip on the materials that power everything from fighter jets to electric vehicles.

What Phoenix Tailings is actually building The company plans to use the financing to expand its existing facilities in Burlington, Massachusetts, and Exeter, New Hampshire, while also constructing an entirely new plant. That new facility has been branded the “Freedom Facility,” which will handle rare earth separation and metallization processes.

Phoenix Tailings focuses specifically on heavy rare earth elements, including dysprosium, terbium, and neodymium-praseodymium, commonly referred to as NdPr. These materials are essential for permanent magnets used in defense systems, wind turbines, and EV motors.

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The company already operates a small-scale production line in New Hampshire that supplies the defense sector with heavy rare earth metals. This loan is designed to take that from “proof of concept” to “meaningful domestic capacity.”

Phoenix Tailings uses solvent-free, low-emission extraction technology. Traditional rare earth processing is notoriously dirty, generating toxic byproducts that have made it politically radioactive in Western countries. Phoenix Tailings’ cleaner process sidesteps that problem, which matters both for permitting and for the long-term economics of the operation.

The funding picture so far Phoenix Tailings has raised more than $116 million in previous funding rounds, including a $40.2 million Series B extension that closed on February 19, 2026.

On top of the Pentagon loan, the company is also in line to receive part of a $134 million award from the Department of Energy. That DOE funding is earmarked for a demonstration-scale facility being developed in collaboration with MIT and the University of Minnesota.

The Office of Strategic Capital, the Pentagon entity behind the $500 million loan, was established specifically to direct private capital toward technologies deemed critical to national security. China controls roughly the vast majority of global rare earth refining capacity and has shown a willingness to use that leverage as a geopolitical tool.

Why this matters beyond defense When China restricted rare earth exports to Japan in 2010 over a territorial dispute, it sent prices soaring and triggered a global scramble to develop alternative supply chains. That scramble, more than 15 years later, still hasn’t produced enough non-Chinese capacity to meaningfully reduce the dependency.

The Pentagon’s bet on Phoenix Tailings is part of a broader effort to fill the gap between mining raw materials and manufacturing finished products. It’s the middle of the supply chain that’s been hardest to build outside of China, because the processing technology and expertise have been concentrated there for decades.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

History suggests that BTC's biggest leg down is still upon us.

Bitcoin’s price rebound since the Friday massacre to $59,000 drove the asset north to $64,000 earlier this morning, perhaps driven by some positive developments on the US-Iran war front.

One analyst, though, believes this price recovery is not the full story and warned about another major retracement.

BTC Jumps to $64K The primary cryptocurrency plunged below $60,000 on Friday for the first time since before the US presidential elections in November 2024. This new local low was the culmination of a weeks-long correction that began in mid-May when the asset was rejected at $82,000.

It managed to rebound to just over $60,000 relatively quickly and bounced to $62,000 over the weekend. It experienced some volatility yesterday evening when Iran struck Israel in retaliation for attacks against Lebanon. However, US President Donald Trump condemned all the strikes and said that his country and Iran might be closer to a peace deal that could be announced in the following few days.

BTC jumped to $64,200 in a promising wick, but was quickly stopped and now sits at around $63,000. Most altcoins followed the fluctuations, leading to another uptick in the liquidations from the futures field. The total value of wrecked positions has risen to well past $600 million daily, shows CoinGlass data. This time, though, short liquidations dominate with $467 million.

Liquidation Data on CoinGlass Don’t Trust The Pump Popular analyst Merlijn The Trader predicted BTC’s bounce following the $59,000 low, but cautioned that this is not the full story. He based his analysis on the 2022 bear market, when the cryptocurrency had already retraced hard but then rebounded in a similar manner. However, the actual capitulation was still in play and followed after some investors had already hopped on.

If history repeats now, Merlijn predicted a price surge toward $65,000-$70,000 before the ultimate leg down drives the asset to a proper DCA zone between $48,000 and $59,000.

You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M The Bitcoin bounce is coming.
Don’t go all-in on it.

Wyckoff Accumulation:
2022: Spring at $15.5K.
Bounce rally to $23K.
Bulls bought the bounce.
Then capitulation.

2026:
Same playbook.
Spring near $50K incoming.
Bounce rally to $65-70K incoming.
DCA zone: $48-59K.… pic.twitter.com/ZJNxHzA1XX

— Merlijn The Trader (@MerlijnTrader) June 7, 2026

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