Latest news with #HYPE
Yahoo
a day ago
- Business
- Yahoo
SUI Rebounds From Key Support as Nasdaq-Listed Lion Group Eyes Treasury Purchase
Sui (SUI) SUI is trading at $2.6481, down 2.03% in the past 24 hours, after rebounding from the $2.58–$2.60 support range during the June 26–27 session, according to CoinDesk Research's technical analysis model. The bounce followed a steep intraday decline from $2.70 to $2.58 but was supported by renewed volume and improved sentiment tied to institutional interest. A key development came via Lion Group Holding Ltd. (LGHL), which on June 26 announced its intention to acquire SUI tokens as part of a broader $600 million crypto treasury strategy. In a press release, the Singapore-based Nasdaq-listed firm confirmed a $2 million acquisition of HYPE tokens at an average price of $37.30, marking the first strategic purchase under this program. The company also said it intends to use future proceeds from its convertible debenture facility to purchase SOLand SUI. CEO Wilson Wang described HYPE as a "foundational execution-first asset" and said LGHL views it as core infrastructure for the future of capital markets. The firm plans to use at least 75% of the net proceeds from each closing of its convertible facility for token acquisitions, including SUI, and the rest for broader crypto operations and working capital. Lion Group operates a multi-asset trading platform offering services such as total return swaps (TRS), contracts-for-difference (CFDs), OTC stock options, and brokerage for securities and futures. The firm emphasized its growing commitment to layer-1 blockchain ecosystems and said it will continue updating the market on further treasury reserve developments. This announcement follows heightened activity in the SUI ecosystem, including strong buying at the $2.60 level and a late-session V-shaped recovery on elevated volume, which helped push the token toward its current price. Analysts remain cautious, noting resistance around $2.66, but short-term sentiment appears to have improved. Technical Analysis Highlights SUI traded within a 24-hour range of $2.58 to $2.70, showing a 4.5% decline from peak to trough. A temporary bottom formed at $2.58 during the 21:00 UTC session on June 26, followed by accumulation signs. Multiple rejection wicks emerged near $2.66, confirming short-term resistance during the 09:00–11:00 UTC window on June 27. A minor bullish reversal pattern appeared from 07:51 to 08:24 UTC on June 27, with a 0.9% recovery from $2.61 to $2.63. A sequence of higher lows developed from 01:00 to 08:00 UTC on June 27, signaling gradual shift in momentum. Volume spiked 18% above the 24-hour average during the recovery phase starting 08:00 UTC on June 27, reinforcing support at $2.60. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Time of India
4 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Eyenovia Stock Soars Over 65% After Financing News
24 Jun 2025 | 11:55:11 PM IST Eyenovia's shares jumped by over 65.2%, boosting its market cap to $26 million, following the announcement of a $50 million PIPE financing initiative for its HYPE strategic reserve plan. Eyenovia has seen a remarkable surge in its stock price, increasing by over 65% after announcing a $50 million PIPE financing initiative aimed at launching its HYPE strategic reserve plan. Meanwhile, Belgravia Hartford Capital has initiated a Bitcoin-focused private placement financing of CAD 10 million, fully backed by Bitcoin reserves, indicating a growing trend of companies leveraging cryptocurrency for funding. Synaptogenix is also entering the crypto space with its acquisition of TAO, part of a broader strategy centered on artificial intelligence and machine learning. In the cryptocurrency market, APT has experienced a significant 17.75% increase, briefly surpassing the $4.8 mark. Conversely, Circle's stock has dropped 15% following a warning from the Bank for International Settlements about the risks associated with stablecoins, despite still being over 600% higher than its IPO price. This mix of soaring stocks and cautionary reports highlights the dynamic and often volatile nature of the cryptocurrency landscape. Show more
Business Upturn
19-06-2025
- Business
- Business Upturn
Kinetiq Announces iHYPE: Institutional Staking Product for Hyperliquid (HYPE Token)
NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) — Kinetiq (the 'Company') is pleased to announce the development of iHYPE, a dedicated institutional liquid staking product designed to meet rapidly growing institutional interest in HYPE, the native token of the Hyperliquid blockchain. Kinetiq will be engaging IMC Trading, Flowdesk, as well as one of the largest Qualified Custodians (QC) serving the crypto industry. This is complimented by several institutional-grade validators to ensure that any firm can acquire HYPE (staked via Kinetiq) in a compliant manner — from acquisition and custody, to staking and validator delegation. The development of iHYPE represents a significant expansion of Kinetiq's liquid staking offering and is intended to provide institutional investors with compliant, enterprise-grade access to Hyperliquid's native staking yields and network participation, without requiring direct involvement in secondary token markets. Meeting Market Demand Kinetiq has received substantial inbound from funds and allocators looking for secure, auditable, and institution-friendly infrastructure to participate in Hyperliquid's unprecedented growth. iHYPE is Kinetiq's response to that demand, providing institutions with a compliant gateway to Hyperliquid as it ushers in a new generation of completely onchain, global finance. ' Flowdesk is proud to support Kinetiq as a dedicated trading partner for iHYPE upon launch. Enabling compliant access for clients is a critical step as they build out their institutional-focused Hyperliquid product line, ' said Hanson Birringer, Head of US Sales at Flowdesk. Hyperliquid's technical capabilities include fully onchain order books for both perpetual futures and spot markets that boast throughput of over 200,000 transactions per second, capturing the attention of allocators across digital asset and legacy financial markets. iHYPE is being developed to remove barriers preventing institutional capital from accessing this ecosystem. iHYPE is currently undergoing security audits, compliance reviews, and operational integrations ahead of its public launch. With iHYPE, Kinetiq will deliver a staking solution that meets the standards of professional asset managers while preserving the integrity and ethos of Hyperliquid. About Kinetiq Kinetiq is a liquid staking protocol built natively on Hyperliquid, enabling users to permissionlessly stake HYPE for kHYPE (Kinetiq-staked HYPE) while retaining full liquidity, and a robust suite of DeFi opportunities. Kinetiq features delegated staking with dynamic, performance-based validator selection, and full integration with Hyperliquid's DeFi ecosystem. iHYPE is a new development by Kinetiq, one offered exclusively to institutions. About Hyperliquid Hyperliquid is a high-throughput Layer 1 blockchain purpose-built to house all of global finance. It supports one-block finality, 200,000 transactions per second, and fully onchain order books for both perpetual futures and spot markets (via HyperCore), alongside general smart contract functionality on HyperEVM. For further information, please contact: Email: [email protected] Website: X: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Globe and Mail
18-06-2025
- Business
- Globe and Mail
Eyenovia Announces Appointment of a Strategic Advisor for Digital Asset Treasury Strategy and Amendment of Debt Agreement with Avenue Capital Group
LAGUNA HILLS, Calif., June 18, 2025 (GLOBE NEWSWIRE) -- Eyenovia, Inc. (NASDAQ: EYEN) ('Eyenovia' or the 'Company'), a pioneer in ophthalmic technologies and the first publicly-listed U.S. company to build a strategic treasury of HYPE, the native token of the Hyperliquid protocol, today announced several key developments in support of its digital asset capital strategy. Avenue Capital Group, now the Company's largest common stockholder, has agreed to amend Eyenovia's senior secured debt to further support the Company as it builds its HYPE treasury and reserve of the HYPE token. Pursuant to the terms of the amendment, the maturity date of the debt has been extended from November 1, 2025 to July 1, 2028 and its interest rate reduced from 12% to 8%. One half of the interest will be paid monthly in cash with the other half accrued and paid upon maturity. The Company will make interest-only payments during the initial 18 months of the extended term with equal principal and interest payments for the remaining 18 months. Michael Rowe, Chief Executive Officer of Eyenovia, stated, 'We are very grateful to Avenue Capital Group for their significant commitment and support of our innovative treasury strategy. We are pleased that they are positioned as a long-term partner, and we look forward to generating the sustained value creation that we anticipate from this initiative as well as the continued development and potential commercialization of our novel Optejet dispensing platform for the benefit of all shareholders.' Strategic Advisor Appointed for HYPE Treasury Strategy To support the Company's growing presence in the digital asset space, Eyenovia is also pleased to announce the appointment of Max Fiege as Strategic Advisor to support the HYPE Treasury strategy. He will support stakeholder education, ecosystem advocacy, treasury architecture, and risk oversight. Mr. Fiege currently serves as Principal at Merenti Capital GmbH, deploying proprietary capital across liquid and early-stage digital asset opportunities. With a background in blockchain growth and a track record of investing in innovative crypto projects, Mr. Fiege is well recognized for his expertise in navigating and shaping the digital finance landscape. 'It is a privilege to advise Eyenovia on the productive deployment of its HYPE treasury and I look forward to delegating Merenti Capital's own HYPE balance sheet to the Company's validator. Together, we will push the HYPE ecosystem forward,' said Mr. Fiege, Principal at Merenti Capital. 'Arguably no blockchain network has matched Hyperliquid's achievement: friction-free, transparent trading secured entirely on-chain. It is rare that a native token's incentives truly track the network's success. I believe HYPE is the best positioned digital asset for the future and that Eyenovia will effectively capture that value for shareholders.' About the HYPE Token HYPE is the native token of the Hyperliquid layer one blockchain (L1). HYPE is staked by, or delegated to, validators participating in the network's custom consensus algorithm, HyperBFT, which is optimized for order book logic and allows users to trade spot and futures markets in a non-custodial, on-chain fashion. Staked HYPE unlocks further utility in the form of trading fee discounts, with referral bonuses and builder-deployed markets (HIP-3) to be introduced in the future. Circulating HYPE is autonomously bought back and sequestered with trading fees accrued on the network's enshrined markets. As of June 2025, HYPE has become the 12th-largest cryptocurrency by market capitalization. About Eyenovia, Inc. Eyenovia, Inc. is a pioneering digital ophthalmic technology company and the first U.S. publicly listed company building a long-term strategic treasury of Hyperliquid's native token, HYPE. With this dual focus, Eyenovia continues to revolutionize topical eye treatment while providing its shareholders with simplified access to the Hyperliquid ecosystem, one of the fastest growing, highest revenue-generating blockchains in the world. Shareholders benefit from a gradually compounding exposure to HYPE, both from its native staking yield and additional revenues generated from its unique on-chain utility. Eyenovia is also developing its proprietary Optejet User Filled Device (UFD) that is designed to work with a variety of topical ophthalmic liquids, including artificial tears and lens rewetting products, spanning multiple billion-dollar markets. The Optejet is especially useful in chronic front-of-the-eye diseases due to its ease of use, enhanced safety and tolerability, and potential for superior compliance versus standard eye drops. Together, these benefits may result in higher treatment compliance and better outcomes for patients and providers. For more information, please visit Forward Looking Statements Except for historical information, all the statements, expectations and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements, our future activities or other future events or conditions, including the estimated market opportunities for our platform technology, the viability of, and risks associated with, our new cryptocurrency treasury strategy, the clinical trials that may be necessary in connection with the clearance of the Optejet UFD, the timing for sales growth of our approved products. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and in some cases are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the U.S. Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to, among other things: risks of our clinical trials, including, but not limited to, the potential advantages of our products, and platform technology; the rate and degree of market acceptance and clinical utility of our products; our estimates regarding the potential market opportunity for our products; reliance on third parties to develop and commercialize our products; the ability of us and our partners to timely develop, implement and maintain manufacturing, commercialization and marketing capabilities and strategies for our products; intellectual property risks; changes in legal, regulatory, legislative and geopolitical environments in the markets in which we operate and the impact of these changes on our ability to obtain regulatory approval for our products and product candidates; our competitive position; and our ability to raise additional funds to maintain our business operations and to make payments on our debt obligations as and when necessary. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, Eyenovia does not undertake any obligation to update any forward-looking statements.
Yahoo
17-06-2025
- Business
- Yahoo
Bitcoin Cash-Bitcoin Ratio Smashes Triangle Pattern; HYPE Rally May Be Over
Bitcoin cash BCH, the best performing top 100 cryptocurrency of the past 24 hours, looks set to chalk out a bull run against bitcoin BTC. That's because the BCH/BTC trading pair listed on Bitstamp has jumped out of a triangle pattern identified by series of descending intraday price highs and ascending price lows, both representing a narrowing price range. Breakouts from these patterns typically lead to significant moves, which means BCH could chalk out an impressive bull run against bitcoin in the days ahead. Adding to the bull case is the fact that the ratio has already topped the 200-day simple moving average, a barometer of long-term trends tracked by both retail and institutions. The ratio's expected ascent could face resistance at 0.00467, the swing low registered in February 2024, followed by the December high of 0.00636. The bullish outlook stands invalidation in case of a potential move below the monthly low of 0.00373. Decentralized exchange Hyperliquid's HYPE token may have headed lower, having chalked out a near five-fold rally to $44 in three months. HYPE's daily price chart shows that while the token has recently hit higher intraday highs, the 14-day relative strength, a momentum osicalltor, has diverged lower, confirming a so-called negative divergence. The pattern is said to reflect weakening of upside momentum and often presages bearish trend reversals.
