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Crypto asset manager 21Shares has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). The filing seeks approval to launch the 21Shares 2x Long HYPE ETF. This leveraged fund is designed to deliver twice the daily returns of Hyperliquid (HYPE) before fees and expenses.

Cardano (CRYPTO: ADA) price today trades near $0.67, steady after a volatile week that saw buyers defend the ascending trendline from December lows. The market remains divided between cautious optimism over macro stability and skepticism toward speculative narratives around ISO 20022 readiness.

Cardano price today is trading near $0.82, down from the $0.84 resistance level after sellers forced a break below key trendline support. The token’s latest slide has erased much of September’s recovery, leaving ADA pinned near its weakest levels in three weeks. The market now faces the question of whether on-chain demand and fresh fundamental catalysts can stabilize price action.

A new trend is taking hold in corporate finance: companies are starting to stack high-growth altcoins on their balance sheets, looking for the next MicroStrategy. While Bitcoin remains the dominant choice, and Ethereum sits comfortably in second place, a growing number of firms are now diversifying beyond the big two and making major bets on .

After a sharp pullback, the crypto market is showing early signs of recovery. The global market cap stands at $3.87 trillion, up 1.2% in the past day, with Bitcoin trading near $113,700 and Ethereum above $4,290.

The trading portfolio of famed crypto whale “Machi Big Brother” is back in the black, now showing over $30 million in profit. A look at his top three holdings, Ethereum, Hyperliquid, and PUMP, reveals a mixed bag of performance that perfectly captures the current state of the crypto market.

A bold claim is making the rounds on social media: that investors in India now hold over one million Bitcoin, amounting to 5.1% of the total supply. While the figure paints a powerful picture of the nation’s crypto adoption, a closer look at the data reveals the claim is likely unsubstantiated and confuses the country’s real strength; its massive user base, with unverified holdings.

Hyperliquid (HYPE) has been soaring high, and it has recently reached an all-time high of $42.07 on June 11, 2025. The token has experienced remarkable growth of in a single trading session, with an upward trend. A week-long growth of 13.97% has characterized the current trend of HYPE. This places it in direct rivalry with other established cryptocurrencies such as Cardano (ADA).

Altcoin Daily’s question “Anyone here still believe in Cardano?” has sparked a detailed defense from prominent community member Cardano Whale. He argued that ADA’s sustained top 10 position since 2017 shows genuine market resilience rarely matched by newer projects.

BitMEX co-founder Arthur Hayes has taken aim at cryptocurrency projects lacking clients or revenue in a recent tweet. He declared the current market environment a “fundamental season” where actual financial performance matters.