Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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September 15, 2025

HYPE price prediction scenarios reached new extremes as BitMEX co-founder Arthur Hayes projected the token could reach $5,000, building on his earlier forecast of 126x gains within three years.

His bold call coincides with Native Markets securing the USDH stablecoin ticker for Hyperliquid after defeating heavyweight competitors, including Paxos and Ethena.

Technical analysis reveals HYPE trading near $54 after completing what appears to be a major Elliott Wave cycle, with indicators suggesting potential retracement toward $25-$50 support levels before resuming its upward trajectory.

The platform’s dominance in perpetual futures markets and $1.2 billion annual revenue provide fundamental support for Hayes’ ambitious long-term targets.

Native Markets Triumph Fuels Stablecoin Integration Plans

Native Markets emerged victorious in Hyperliquid’s USDH stablecoin governance vote after weeks of intense competition.

The decision followed validator commitments, and the prediction market indicated that it heavily favored the team over established competitors.

Ethena withdrew from the race on Thursday, citing community concerns about non-native infrastructure requirements. The exit eliminated a major contender that initially appeared well-positioned for the partnership.

Paxos remained in contention despite revising its proposal midweek. The updated Version 2, which is no longer relevant, included deep PayPal and Venmo integration, zero-cost on- and off-ramps, and a $20 million incentive package.

Paxos also committed all USDH revenue to Hyperliquid growth until it reached a $1 billion TVL.

Additionally, the community has noted that Native Markets won due to its tight integration with Hyperliquid’s ecosystem.

Reserves in cash and U.S. Treasuries will be managed by BlackRock off-chain, while tokenized assets utilize Superstate and Stripe’s Bridge infrastructure.

The team pledged to split all reserve yield between Hyperliquid’s Assistance Fund and broader ecosystem development.

Backing from Uniswap Labs, Paradigm, and Polychain veterans further strengthened credibility among validators.

Elliott Wave Completion Indicates Major Retracement Risk

HYPE’s chart structure suggests completion of a major Elliott Wave 1 cycle around the current $54 levels.

The ending diagonal pattern exhibits corrective characteristics across each subwave, indicating potential exhaustion of the current bullish impulse.

Technical confluence points toward a significant retracement targeting the $25 region.

This level represents multiple support factors, including untapped volume nodes, the macro 0.382 Fibonacci retracement, and speed fan golden pocket alignment.

The ascending channel containing recent price action approaches the upper boundary resistance.

HYPE’s positioning near $53.42 suggests potential topping action despite maintaining bullish momentum characteristics throughout the advance.

Fair Value Gap identification provides substantial buying interest zones during any corrective moves.

These market inefficiencies typically act as price magnets during periods of volatility, where rapid movements leave gaps that require fills.

Alternative wave count scenarios involving nested 1-2 structures appear less probable given current market conditions.

However, decisive breaks above $61 could shift bias toward continued bullish interpretation rather than correction expectations.

FOMC Volatility Creates Strategic Entry Opportunities

Short-term analysis focuses on the Federal Reserve’s September 16-17 FOMC meeting, anticipating rate cuts that could catalyze broader market volatility.

Expectations center around 25 basis point cuts or potentially more aggressive monetary policy action.

Immediate resistance clusters near the 0.618 Fibonacci level at $56.22, with stronger resistance in the $57.50 zone.

These levels represent logical profit-taking areas for short-term traders and potential reversal points for broader corrections.

The support structure identifies key levels at $52.74, with deeper support around $49.88.

The alignment with $50 bid levels creates high-probability setups for both continuation and retracement scenarios based on Fibonacci retracement positioning.

Hayes’s $5,000 projection assumes an explosive expansion of the stablecoin market beyond $10 trillion, driving speculative trading demand.

Hyperliquid’s 60% perpetual futures market share and $1.2 billion annual revenue support long-term bullish scenarios despite near-term technical headwinds.

Is BTC Hyper the Next 100x Bitcoin Layer-2 Everyone’s Building?

While HYPE faces potential correction before reaching Hayes’s $5,000 target, this Bitcoin Layer-2 solution is gaining strong development momentum.

Smart investors know that finding scalability projects early can lead to massive returns during infrastructure upgrades.

BTC Hyper is getting attention because it makes Bitcoin faster and programmable using Solana technology.

The platform turns Bitcoin into a DeFi asset with smart contracts and instant transactions.

The presale has raised over $13 million, with the mainnet launch approaching. Early investors can earn over 150% staking rewards while the network prepares for full deployment.

Worth noting that the best Layer-2 projects get adopted quickly once developers start building applications.

BTC Hyper launches soon with audited smart contracts and cross-chain features. This means you should join now if you want presale access.

You can buy BTC Hyper tokens on the ongoing presale website using BTC, ETH, USDT, or credit cards.

Visit the Official Website Here

If you’re new to Bitcoin or the only sats you hold are in an ETF or a centralized exchange, you’d be forgiven for not knowing about Core vs Knots and the entire OP_RETURN saga. But if you’ve weathered a few cycles, HODLed like a champ, and are still scratching your head, it’s time you opened your eyes: the 2025 ‘spam wars’ bear all the hallmarks of the block size wars almost a decade before it, and it’s getting ugly fast.

Like the block size wars, the spam wars involve a fundamental ideological clash over the core principles of Bitcoin, particularly scaling versus decentralization, and whether to prioritize network capacity and ease of use over a simpler, permissionless protocol.

Supporters of Bitcoin Core, the long-standing reference implementation, and Bitcoin Knots, an increasingly popular alternative maintained by developer and CTO at Ocean Mining, Luke Dashjr, are at loggerheads, and the gloves are coming off.

Core vs Knots, what’s happening?

At the center of the controversy is Bitcoin Core’s planned removal of the 80-byte limit on OP_RETURN data in its upcoming v30 release, scheduled for October 2025.

This technical change, intended to boost flexibility and unlock new use cases for embedding data on Bitcoin’s blockchain, is fiercely opposed by Knots backers, who argue it transforms the main network into a dumping ground for non-financial transactions and spam.

Core developers, like Peter Todd and Jameson Lopp, claim the change supports broader innovation, like digital art and document verification. They support everyone’s right to use the Bitcoin blockchain as they feel and not have governance or morals thrust upon them. Lopp posted:

“I truly detest politics. Thus I have little patience for those who try to impose traditional governance models onto Bitcoin. If you don’t like anarchy, you’re free to leave.”

Knots supporters like Samson Mow and Luke Dashjr warn that the upgrade risks bloating the blockchain, undermining Bitcoin’s neutrality, and weakening its monetary purpose. Dashjr warned:

“What do you think will happen now that Core is opening the floodgates to spam, and essentially endorsing it? (No matter what they say, that’s how spammers will take it.) Any chance we have of making Bitcoin a success will go out the window – unless the community takes a clear stand and rejects the change.”

Network philosophy and neutrality

The Core vs Knots dispute highlights deeper ideological rifts about Bitcoin’s function. Should Bitcoin remain a strictly monetary settlement layer, or can it evolve to serve more experimental on-chain data needs, so long as fees are paid?

Core’s apparent policy shift is seen by some as relinquishing its gatekeeping role, allowing any use case if the user pays. Knots supporters, however, emphasize control with features like anti-spam protection and argue that the removal of data caps could centralize power and threaten scalability.

Miners and relay service operators play a pivotal role, determining which transaction types end up in blocks and how the network responds to diverging software preferences. Node operators, too, have increasingly migrated to Knots: its share of the network doubled over six weeks in May-June 2025, and has now reached ~17% of all Bitcoin nodes, a sign of growing protest and possible fragmentation ahead of Core’s v30 launch.

Where is it heading?

While there is no hard fork yet, mounting tensions and the possibility of blocks or transactions being rejected by different software clients evoke memories of the 2017 SegWit split.

The Core vs Knots scenario also raises another fundamental issue surrounding the true decentralization of the Bitcoin network: how many of Bitcoin’s supporters run their own node? Dashjr posted:

“Bitcoin’s greatest threat to survival is that far too few people are using a full node. For Bitcoin to work, at least 85% of economic activity needs to do so.”

With technical, political, and philosophical stakes at play, October’s Core v30 release may define the next era of Bitcoin development and decentralized consensus, determining whether diversity in software serves Bitcoin’s resilience or sparks an outright chain split.

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The race for crypto ETFs is intensifying as two tokens, Chainlink (LINK) and XRP, come under scrutiny. Crypto asset manager Bitwise officially submitted paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday, seeking to launch a Bitwise Chainlink ETF that provides investors with direct exposure to LINK, the native token of the oracle network.

Bitwise Pushes Forward With Chainlink ETF Filing

According to the S-1 filing, the fund will directly hold LINK, providing investors with a way to gain exposure to the token without having to purchase it directly on the open market. In practice, this means that investors can create shares using the LINK token and redeem their shares to receive LINK again, or they can complete the process in cash. Shares in the fund will also be issued and redeemed in cash, a Trust-Directed-Trade process that mirrors the structure of other spot ETFs.

The SEC has only recently begun to allow issuers to offer in-kind creation and redemption for crypto-based ETFs. The Bitwise Chainlink ETF application does not yet include a ticker symbol. It does not specify the exact listing venue. Still, Bitwise plans to list the fund on a U.S. national securities exchange after obtaining approval from the SEC. The paperwork, however, shows that Coinbase Custody Trust Company would act as the custodian for the LINK tokens and also serve as the prime execution agent.

Chainlink’s price action has already responded positively to the news of the Bitwise ETF application. The token is trading above $23 and has gained nearly 5% in the daily chart. Traders are now watching to see if LINK can extend its ETF momentum and push toward a price breakout to $30 if the cryptocurrency continues its uptrend.

Chainlink And XRP Battle For ETF Spotlight

While Chainlink is gaining attention with its ETF filing, XRP is not far behind in the race. Bitwise has filed amended S-1 forms for its XRP ETF, with key catalysts for possible SEC approval expected in October. The amendments to the XRP ETF filing were likely made in response to feedback from the SEC. 

If the XRP ETF follows a path similar to Ethereum’s, market experts predict approval could come first, with trading beginning about two months later. Meanwhile, if it follows the same pattern as Bitcoin ETFs, the most favorable outcome could see trading begin within just one to five days after approval, rather than waiting months.

With Bitwise filing for a LINK ETF and also pursuing an XRP product, both tokens are firmly in the spotlight and could soon compete directly as regulated investment products available through spot ETFs. 

XRP’s price action remains steady despite waiting for ETF approval. The token is hovering near $3.22 after recently climbing to $3.60. Traders are now watching to see if XRP can break out again as the ETF review process moves forward.

Featured image from DALL.E, chart from TradingView.com

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The US Court of Appeals for the Second Circuit issued a mandate on Aug. 22 approving the dismissal of the appeals in the case between Ripple and the Securities and Exchange Commission (SEC).

The court order, shared by lawyer James Filan on X, officially ends one of crypto’s most consequential legal battles. 

Despite the news, XRP’s price increased less than 1% within one hour, trading at $3.0694 as of press time.

The dismissal follows a joint filing on Aug. 7, in which Ripple and the SEC agreed to end their appeals after a formal Commission vote. 

The agreement marks the conclusion of a dispute that began in December 2020 when the SEC sued Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen for allegedly conducting an unregistered securities offering through XRP sales.

Legal battle concludes, ETF odds remain high

Under the settlement terms, XRP will not be classified as a security, representing a major victory for Ripple. Each side will cover its own legal costs, according to the court filing. 

Ripple’s Chief Legal Officer Stuart Alderoty previously described the agreement as closing a chapter that has overshadowed the crypto industry for nearly four years. 

The outcome places Ripple alongside other crypto firms like Coinbase that have successfully resolved enforcement actions with the SEC. Further, it removes regulatory uncertainty around XRP’s status, keeping the odds of approval of XRP exchange-traded funds (ETFs) high.

In February, Bloomberg ETF analysts Eric Balchunas and James Seyffart predicted 65% odds of approval for spot XRP ETFs in the US. 

Polymarket bettors placed their odds of such an approval happening this year at 98% in early June, followed by a 10% slide after the SEC delayed decisions on multiple filings the same month.

Despite the sliding odds on the crypto-based prediction market, Balchunas and Seyffart raised their odds to “90% or higher” on June 20.

Polymarket traders continued to oppose the analysts, taking the odds to 62% in early August after the news that Commissioner Caroline Crenshaw opposed the approval.

However, Balchunas reiterated the high odds of approval of XRP ETFs:

“Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed showing Crenshaw voting no, but a) she’s gonna vote no on EVERYTHING and b) it’s meaningless, she’s outnumbered = we haven’t changed our odds, still at 95%.”

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Coinone won an appeal to force five of customers to return bitcoin

they managed to double withdraw from the South Korean crypto exchange over a glitch in 2018.

According to local media, the Seoul Western District Court’s second civil division said the traders benefited from “unjust enrichment” because the exchange had already completed the first withdrawal on-chain before its server restored their balances.

The mix-up began when Coinone’s software flagged slow confirmations from the Bitcoin network as failed transactions, and automatically topped up users’ accounts even after the withdrawals were properly processed. The traders then withdrew same coins again.

The Bitcoin network experienced significant congestion back around that time as transaction volumes skyrocketed, in the culmination of a years-long scaling debate that had led to the Bitcoin Cash

hard fork a year earlier.

At the time, the average transaction fee on the Bitcoin network reached a then-record $55, while the memory pool, a sort of “waiting room for transactions,” grew to 250,000 unconfirmed transactions.

A lower court initially blamed Coinone’s own servers and ordered the payment of only partial damages. On appeal, judges called the network delay an outside event, said the platform need not shoulder the loss and told the users to repay the funds.

Coinone has faced controversy in the past. In a separate trial in 2023, former employees admitted receiving as much as 2 billion won (around $1.46 million) to list tokens.