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Crypto trader sees Hyperliquid, AI tokens leading next altcoin rally

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Crypto trader sees Hyperliquid, AI tokens leading next altcoin rally

Latest developments: Hyperliquid is outperforming much of the crypto market as traders rotate back into higher-risk assets.

  • Hyperliquid’s HYPE token hit a new all-time high after two HYPE ETFs launched in the U.S.
  • Van de Poppe said European traders have increasingly moved to Hyperliquid because perpetual futures trading remains difficult to access on many regulated venues in Europe.
  • He argued Hyperliquid’s push into tokenized stocks, commodities and pre-IPO assets is accelerating broader tokenization trends across crypto markets.
  • Van de Poppe said HYPE could rise to $100 or more if crypto market appetite continues to strengthen.
  • Van de Poppe joined Jennifer Sanasie on CoinDesk’s Markets Outlook.

What this means: Van de Poppe sees Hyperliquid as a short-term winner but Solana as the stronger long-term conviction bet.

  • He said liquidity in crypto markets is concentrating around a small group of protocols generating strong user growth and revenue.
  • Van de Poppe said Hyperliquid currently benefits from that concentration but warned competitors will eventually enter the market and pressure its dominance.
  • He described Solana as successfully transitioning from a “degen” ecosystem into a more institutional blockchain ecosystem.
  • Van de Poppe said Solana’s long-term positioning as infrastructure makes it more attractive than Hyperliquid over a multi-year horizon.

The AI trade: AI-linked crypto projects remain deeply undervalued relative to traditional AI companies, van de Poppe said.

  • He pointed to NEAR and Bittensor as two of the strongest infrastructure plays tied to AI adoption in crypto.
  • Van de Poppe argued valuations for private and public AI companies have become overheated, while crypto AI tokens have fallen sharply despite continued ecosystem growth.
  • He said NEAR’s projected revenue growth from roughly $10 million in 2025 to as much as $100 million this year supports a significantly higher valuation.
  • Van de Poppe said Bittensor’s ecosystem expansion and subnet structure could justify prices between $1,000 and $2,000 if adoption continues.

The privacy debate: Privacy remains one of crypto’s biggest long-term themes, but fully anonymous systems face major regulatory risks.

  • Van de Poppe said institutional and retail users both want more transactional privacy on blockchains.
  • He argued governments are unlikely to support fully anonymous privacy coins over the long term because regulators want visibility into transactions.
  • Van de Poppe said funds in Europe already face restrictions interacting with certain privacy-focused assets.
  • He pointed to zero-knowledge proof systems and permissioned privacy models as more sustainable paths forward for institutional adoption.

Macro outlook: Van de Poppe said bond yields and central bank policy remain the biggest near-term macro drivers for crypto.

  • He said Japanese bond yields are a key market signal and could heavily influence broader risk appetite.
  • Falling yields could support equities and crypto markets, while persistent inflation could create headwinds.
  • Van de Poppe said he does not expect aggressive rate cuts or renewed monetary easing from the Federal Reserve in the near term.
  • He warned additional rate hikes would likely pressure crypto and broader risk assets.



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Unibase surges 20% from key demand zone: Is $0.245 next?

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Unibase surges 20% from key demand zone: Is $0.245 next?


Unibase [UB] has reacted aggressively after hitting a demand zone between $0.078 and $0.105, staging a 20% surge. The token’s price action tested the zone for the second time in a span of two weeks.

With the token’s social volume skyrocketing and Open Interest recording significant gains, could the current momentum last for a potential rally back to

Strong reaction from demand shifts short-term momentum

Price didn’t just tap the demand zone—it reacted decisively and aggressively. The second test of the $0.078–$0.105 range triggered a sharp bounce, suggesting buyers were already positioned around that level.

Repeated reactions like this tend to strengthen a zone’s significance. In this case, the response wasn’t hesitant. It came quickly, which often signals that demand at that level remains active rather than fading.

Unibase Price analysis
Source: TradingView

Rising interest reflects fresh positioning

The move is being supported by a noticeable pickup in activity.  According to the recent on-chain metrics, Unibase’s social volume has surged exponentially over the last 24 hours.

That’s not all; the network’s Open Interest has also gained by over 800K, pointing to new positions entering the market over the same period.

That combination matters. Social spikes alone can be noisy, but when they align with rising Open Interest, it suggests that traders and institutional investors are acting on that attention.

Unibase open interest and social volumeUnibase open interest and social volume
Source: Santiment

Buyers regain control after retest

Structurally, the reaction from demand shifts the short-term bias. Sellers had previously pushed the price into that zone, but the lack of follow-through on the downside has allowed buyers to step back in.

Holding above the range after such a bounce often signals a transition phase—from correction into early recovery. It doesn’t confirm a full trend reversal yet, but it does change the tone of the market.

The next move depends on momentum holding above support

With momentum building, the focus now turns to continuation. Sustained bullish pressure could bring UB’s $0.245 level back into view, especially if participation continues to expand.

If activity fades, however, price may settle into consolidation above the demand zone before attempting another push.

As it stands, the key shift is clear. Unibase demand has held, momentum has returned, and the market is beginning to lean higher again.


Final Summary

  • Unibase bounced 20% after retesting the $0.078–$0.105 demand zone.
  • Rising social volume and Open Interest signal renewed trader participation.



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Trump was supposed to talk about the economy. Instead he asked why toiletries are locked up in pharmacies

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Trump was supposed to talk about the economy. Instead he asked why toiletries are locked up in pharmacies

President Donald Trump, from a toss-up congressional district in New York on Friday, began testing his midterm message that was ostensibly on the economy.

But he veered off-topic right from the start, going off on tangents about voter identification, crime in cities, transgender women in sports and “Dumocrats,” his new chosen moniker for the opposition party. He complained that toiletries are locked up in pharmacies, making them harder to buy, and polled the audience on what he should call his predecessor, former President Joe Biden.

Eventually, he landed on the topic of the speech, telling the crowd that he and his party worked to slash taxes and increase take-home pay, while Democrats opposed the effort at every turn.

“I cut your taxes, cut the taxes on workers, families, small business, who are the soul of this state,” Trump said to the audience at Rockland Community College. Listing off the various provisions of the tax law, the president said: “These are all Republican tax cuts. The Democrats voted against every one of these tax cuts.”

Trump traveled to the Hudson Valley area to appear with Republican Rep. Mike Lawler, who is up for reelection in what will be one of the most closely watched House races this November, for an event meant to promote the tax law Trump signed last year, particularly the quadrupling of the deduction for state and local taxes, which is critical in a high-tax state like New York.

Trump called Lawler “fantastic” and mused about how the congressman was a “pain in the ass” as he badgered the administration on expanding the deduction.

He pulled Lawler onstage during the event, and the congressman thanked the president “for working with me to deliver a big win” for the people in his district. He said that more than 90% of the people in his district were able to fully deduct their state and local taxes.

Also appearing with the president at the event Friday was Nassau County Executive Bruce Blakeman, the Trump-backed Republican candidate for New York governor. Trump said, “Guys like Mike Lawler, guys like Bruce Blakeman, you put them in, they’ll turn it around.”

Trying to reverse a slumping approval rating

The White House has been looking for more opportunities to highlight Trump’s economic accomplishments as his approval rating on the economy has slumped. About one-third of U.S. adults approve of how Trump is handling the economy, according to a new AP-NORC poll, down slightly from 40% at the start of Trump’s second term. Trump had promised to bring prices down, but gasoline prices have surged this year due to the war in Iran.

Lawler is just one of three House Republicans who represent a district won by Democratic presidential candidate Kamala Harris in 2024. Unlike the other two — retiring Nebraska Rep. Don Bacon and Pennsylvania Rep. Brian Fitzpatrick, who’s been a critic of Trump policies — Lawler has chosen to embrace the polarizing president in hopes of not alienating Republican voters who support the party’s leader.

“Look, the people who hate the president — and that’s their sole basis for their vote — are likely never voting for me, and you know, obviously, you need to turn out your base, and you need people energized,” Lawler told The Associated Press in an interview on the sidelines of the White House congressional picnic earlier this week. “Moreover, I have a record in my district that is one I’m very proud of, and a record that appeals to a broad middle.”

Lawler, wearing a red ball cap emblazoned with “Mr. SALT,” the acronym for the state and local tax deduction he fought to include in the bill, added, “I am confident that I will be reelected on my own merits and my own record.”

Trump established a SALT cap in 2017 through his Tax Cuts and Jobs Act. Last year’s law expanded the SALT deduction to $40,000 from $10,000 after arduous negotiations with Republicans, including Lawler, whose district has high local taxes. The law also raised the average tax refund for New Yorkers to more than $3,800, according to data provided by the White House.

“My constituents were seeing anywhere from $5,000 to $20,000 refund checks, which is pretty massive,” said Lawler, who said he wanted to give Trump one of his “Mr. SALT” ball caps.

A competitive House race in New York

Trump formally endorsed Lawler for reelection last year, although it came at a time when the congressman was publicly mulling a run for governor of New York. The endorsement was viewed as a way to keep Lawler in a reelection bid rather than opening up a competitive House seat.

Five Democrats are vying for the party’s nomination to compete against Lawler in the general election. The Democratic primary is June 23.

“Nothing says ‘I don’t understand my district’ quite like Mike Lawler bringing Donald Trump to NY-17 to tout a disastrous economy that’s crushing working families at every turn,” said Riya Vashi, a spokesperson for the Democratic Congressional Campaign Committee.

National Republican Congressional Committee chairman Richard Hudson disputed that, arguing that Trump’s Friday appearance will “absolutely” help.

“His poll numbers are pretty good in Lawler’s district,” said Hudson, a North Carolina congressman. The NRCC has been polling in competitive districts and Hudson said the “president’s numbers are good. Democratic numbers are tanking.”

The remarks were an official White House event and not a campaign one, said Lawler, who noted that more than 5,000 people registered to attend in the first 12 hours that a sign-up was available.

___

Kim reported from Washington. Associated Press writers Joey Cappelletti and Michelle L. Price in Washington contributed to this report.



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Should You Buy, Or Sell Fidelity’s MSCI Industrials Index ETF (FIDU) Today?

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Should You Buy, Or Sell Fidelity’s MSCI Industrials Index ETF (FIDU) Today?


Quick Read

  • Fidelity MSCI Industrials Index ETF (FIDU) delivered 9.13% year-to-date returns as industrial companies benefit from AI infrastructure buildout spending, though the author recommends selling FIDU in favor of more targeted industrial exposure; Nvidia (NVDA) comprises nearly 8% of the S&P 500 with tech at 35% of the index, creating concentration risk that makes industrial stocks relatively safer during potential AI-related selloffs.

  • Hyperscalers’ massive capital expenditures for AI buildout are flowing directly into industrial companies that manufacture construction materials, electrical components, and HVAC systems, positioning industrial stocks to outperform for the next couple of years despite broader market correlation.

  • The analyst who called NVIDIA in 2010 just named his top 10 stocks and Fidelity MSCI Industrials Index ETF wasn’t one of them. Get them here FREE.

The Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) is a low-cost ETF that gets you exposure to some of the premier industrial and defense stocks in the market. Most investors view it as a solid play due to surging defense spending and reindustrialization. And while that hasn’t paid off with the S&P 500 still ahead, I’d argue FIDU is worth taking a second look at.

The future could be bright for FIDU for multiple reasons, and some unique characteristics can turn it into a winner.

Industrial stocks are quite hardy in the current environment. Plus, you’re likely underweight on them by a large margin, and you could miss out significantly if the reshoring + reindustrialization plays out as expected in the coming years.

The analyst who called NVIDIA in 2010 just named his top 10 stocks and Fidelity MSCI Industrials Index ETF wasn’t one of them. Get them here FREE.

But even all that might not make it a buy in the end. Let’s first take a look at what’s going on.

FIDU is doing better and better

The past performance might turn off some people just because this ETF underperformed a little, but this is a mistake. In fact, I find it quite impressive that FIDU has managed to almost keep up with the S&P 500 and has actually delivered higher year-to-date returns so far this year at 9.13% vs. 5.8%.

FIDU holds stocks that went through a record-high interest rate hike cycle, plus the tariff drama. The S&P 500 went through the same, but the industrial sector never had Wall Street throwing money at it because of AI.

Things are changing, though. The premium Wall Street is paying for AI is shifting away from software tech companies into hardware and industrial businesses that are on the receiving end of the buildout money.



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How FDIC’s new stablecoin plan can change crypto transfers forever

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How FDIC’s new stablecoin plan can change crypto transfers forever


The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed a new rule to establish a Bank Secrecy Act and sanctions compliance framework for stablecoin issuers. 

According to the FDIC’s statement on Friday, the new rule will require issuers to have a strict program for anti-money laundering and countering the financing of terrorism (AML/CFT).  

Additionally, the issuers will be used to enforce U.S. economic sanctions and fulfill standard reporting requirements. Besides, other provisions by FinCEN and OFAC, like senders’ and receivers’ IDs of stablecoin transfers, are covered by the new rule. 

It’s worth pointing out that players like Tether recently helped the U.S. Treasury to freeze $344 million of crypto funds allegedly linked to Iran’s government.

Since both USDT and USDC have backdoor freezing features, the new proposal seeks to formalize their use (particularly for U.S.-based issuers) as an economic sanction tool. 

Race to implement GENIUS Act for stablecoin issuers

The GENIUS Act, a stablecoin law passed last year, instructs financial agencies to implement regulations for issuers. The FDIC’s sanctions proposal is the third rule the agency has issued after last December’s license application criteria and April’s prudential framework rules. 

The latest proposal is open for public feedback for the next 60 days, after which the FDIC is expected to issue a formal rule-making. 

The U.S. Treasury, OFAC, OCC, NCUA, and others have also issued proposed rules for GENIUS Act implementations ahead of the July 18th deadline. 

So far, only seven proposed rules for the GENIUS Act have been issued. Out of these, only three have closed public comment windows. However, no proposed rules have been finalized into a formal guideline, with only 55 days left to the deadline. 

FDIC Genius Act
Source: Paradigm

Besides, there have been calls by banks to delay the rulemaking process. The banking lobby raised concerns over the OCC granting crypto firms national trust charter licenses and access to Federal Reserve payment systems. 

On this backdrop, whether the implementation will happen by mid-July remains unclear. However, key players are actively positioning themselves to benefit from the upcoming clear rules for the segment. 

Notably, Fidelity, JPMorgan, U.S. Bancorp, and others are rolling out tokenized money funds specifically targeting stablecoin reserves to ensure instant liquidity while earning yield on the balance. 


Final Summary

  • FDIC has proposed a sanctions compliance standard rule, marking its third proposal aimed at implementing the GENIUS Act.
  • With less than two months left to the GENIUS Act implementation deadline, the banks want the rulemaking process to be slowed. 



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Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

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Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

Bitcoin is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs.

The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its recent high of over $82,500 reached on May 6.

The sell-off accompanies a notable upswing in U.S. Treasury yields and parallel increases in government bond yields across developed markets, which are reducing appetite for high-risk, zero-yielding assets like bitcoin.

Investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, the largest single-week outflow since January, following roughly $1 billion in outflows the previous week. In total, the funds have seen more than $2.26 billion in redemptions over the past two weeks.

Meanwhile, commodities such as oil, copper, and sulfur are seeing strong flows of speculative money as markets continue to price in potential supply disruptions through the Strait of Hormuz due to the Iran conflict.

One theory also points to capital being redirected toward SpaceX’s anticipated IPO, with several blockchain-based pre-market derivatives tied to the event already seeing millions in trading volume on blockchain-based platforms.



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KITE plunges 18% amid growing risk-off sentiment: More losses ahead?

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KITE plunges 18% amid growing risk-off sentiment: More losses ahead?


With the broader crypto market retracing, KITE posted one of the largest declines, ranking among the top losers. The altcoin extended its slip, breaching the $0.2 support and dropping to a low of $0.18 before slightly rebounding. 

As of this writing, KITE traded at $0.19, down 18.2% on the daily charts. Over the same period, its trading volume rose 112%  to $81 million, suggesting increased sell-side activity. 

KITE traders adopt a risk-off stance

As Kite [KITE] extended its decline, exacerbated by market-wide breakdown, investors in the Futures flipped bearish. 

As a result, most market participants either scaled back or closed their positions entirely. CoinGlass data showed that KITE’s Open Interest dropped 15.4% to $63 million, while Derivatives Volume rose 98% to $78 million. 

KITE derivatives data
Source: Coinglass

A drop in OI while volume rose suggested that traders aggressively closed their Futures positions. As such, there was increased market participation, but on the Futures side. 

In fact, Futures Outflow rose to $27 million while inflow dropped to $23 million. As a result, Futures Netflow dropped 1018% to -$3.73 million. 

KITE futures inflowsKITE futures inflows
Source: CoinGlass

As the market retraced, speculators panicked and exited, fearing further losses. Traditionally, if the market rallied on increased leverage and those positions closed, the market tended to decline.

Downside momentum strengthens; more losses?

With sentiment flipping bearish in Futures, KITE’s downside momentum strengthened considerably.

The altcoin’s Relative Strength Index (RSI) fell sharply, dropping from 74 to 49 and entering the bearish zone. Such a drop suggests that KITE faced intense selling pressure.

KITE RSI & DMI ADXKITE RSI & DMI ADX
Source: TradingView

At the same time, the positive index (+DI) of the DMI dropped to 31, while the negative index (-DI) rose to 43. With ADX rising to 59, it indicated a strong downtrend.

With these momentum indicators set this way, it suggests bears have total control of the market, and KITE could drop further. Therefore, if capital continues to flow out, the altcoin could lose its $0.18 support and drop to $0.16.

The Spot remains optimistic

As the altcoin dropped, Spot investors took the opportunity and continued to buy the dip. CoinGlass data showed that $6.74 million worth of KITE flowed out of the exchanges, compared to $5.94 million in flow.

Kite spot netflowKite spot netflow
Source: CoinGlass

As a result, Spot Netflow dropped 25% to -$755k, extending a week-long trend. A negative Netflow suggests buyers remain active in the market.

Their presence gives the market hope for a potential recovery from the slip. If demand holds during this period, the altcoin will reclaim $0.20 and set a path for a significant rebound.


Final Summary

  • KITE dropped 18%, breaching $0.20 support, hitting a low of $01.8. 
  • Futures traders aggressively closed their positions, but Spot demand remains steady, offering the altcoin a chance to rebound. 



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