Two decentralized science altcoins are wavering after gaining support from Coinbase, the top US-based crypto exchange platform by volume.

In a new thread on the social media platform X, Coinbase announced the addition of two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its suite of crypto products.

Following the announcements, the tokens both fell in price.

“ResearchCoin [and] Bio Protocol [are] now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

BIO is trading for $0.0612 at time of writing, a 7.3% decrease on the day while RSC is valued at $0.493, a 34% dip in price during the last 24 hours.

Earlier this week, Coinbase also added support for RSC – a project backed by Coinbase CEO Brian Armstrong that aims to improve science communication and research – on Base, its proprietary blockchain, causing the asset to spike in price at the time.

According to its official website, Bio Protocol is a blockchain that allows users to help fund early-stage biotech, making developments faster and more accessible.

“Our mission is to reshape how biotech breakthroughs are born by enabling global communities of patients, researchers and crypto users to create user-owned research networks that fund and develop new and emerging biotechnologies from day one?.

At its core, Bio is designed to help scientists raise funds for their research, create value from that research, and capture and distribute that value via commercial successes. By breaking down traditional biotech barriers and introducing a permissionless framework, Bio can accelerate life-saving discoveries while making them more accessible to all.”

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A brand-new Ethereum (ETH) ecosystem altcoin is skyrocketing after immediately securing listings on Binance and Coinbase.

Caldera (ERA) is an application that allows the development of ETH-based layer-2 scaling solutions.

The new ERA token launched on Thursday surged over 80% in just hours before continuing its rally to an all-time high of $2. ERA has given up some of its gains and is trading at $1.56 at time of writing.

Coinbase listed the asset with an experimental label on Thursday. The top US crypto exchange uses the experimental label for tokens that pose certain risks, such as price swings and canceled orders, because of lower trading volume and availability.

Binance, the largest crypto exchange platform in the world, had already announced the day before that it would support the asset via its HODLer Airdrops program.

The HODLer Airdrops program, launched in 2024, rewards investors holding BNB with crypto assets based on previous snapshots of their balances.

Caldera, which refers to itself as “the internet of rollups,” says on its official website that its metalayer enables developers to launch interoperable rollups – layer-2 blockchains designed to scale Ethereum by batching and compressing transactions off-chain before finalizing them on Ethereum.

Caldera’s market cap has already surged past $263 million on its first day of trading.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A prominent crypto analytics firm says the layer-1 blockchain Hyperliquid (HYPE) is dominating the decentralized perpetual futures trading market.

In a new thread on the social media platform X, Blockworks says that Hyperliquid now accounts for nearly 80% of perpetual futures trading volume in the decentralized exchange (DEX) space.

According to the crypto insights platform, Hyperliquid is massively outperforming its competitors due to an effective token-listing strategy and top-notch user experience (UX).

“Hyperliquid’s success stems primarily from rapid, relevant token listings and superior UX for users and market makers.

Currently, it is the only DEX that has been able to compete with CEX (centralized exchange) volumes.

Over the past three months, the platform has averaged $6.4 billion in daily trading volume, which sits just above 50% of the daily trading volumes of Bybit and OKX.“

Blockworks notes that Hyperliquid’s trading engine, HyperCore, has given the project sufficient capital to initiate huge token buybacks.

“Fees generated on HyperCore are divided between the HLP (Hyperliquidity Provider) and the assistance fund. The assistance fund uses fees to buy back the HYPE token. From February until now, the assistance fund has bought a cumulative $96 million in HYPE, which is approximately $1.4 million daily.”

Blockworks predicts that Hyperliquid will grow large enough to take on its CEX counterparts.

“We expect HyperCore to start competing with CEXs and taking market share away from them, while continuing its dominance in the decentralized perpetuals space.”

At time of writing, HYPE is trading for $18.01.

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Shortly after its long-awaited debut, WCT fell sharply from $0.40 to $0.27, largely driven by a selloff from early airdrop recipients.

WalletConnect, a staple protocol in the Web3 ecosystem, has distributed over 50 million tokens as part of its decentralization plan, with 18.5% of the supply earmarked for community incentives.

The initial sell pressure seemed expected. But what came next was less predictable: a sharp rally to $0.65, more than doubling its bottom price. WCT is trading around $0.47, which is still far above its early dip.

The comeback has been catalyzed by upcoming listings on South Korea’s largest exchanges, Upbit and Bithumb.

With WCT now featured on Binance, OKX, Bybit, Kraken, Gate.io, and Bitget; Upbit announcement added a powerful layer of market momentum.

South Korean retail traders are notorious for triggering rallies in newly listed tokens; WCT was no exception. In the 24 hours following Upbit’s listing confirmation, WCT jumped 36%, brushing a new all-time high of $0.58.

WCT Price Disparities and Exchange Frenzy

As WCT’s popularity soars, noticeable price gaps have formed between centralized exchanges.

On Binance, WCT has been trading at $0.62, significantly higher than the $0.539 observed on OKX.

This divergence is likely due to liquidity variations, arbitrage opportunities, and regional demand spikes, particularly with Korean listings underway.

With Upbit and Bithumb confirming spot listings of WCT/KRW on April 16, demand is expected to increase from South Korean traders who often drive intense short-term speculation.

These listings are part of WalletConnect’s calculated push to decentralize its ecosystem and expand token utility.

The WCT token officially became transferable on April 15, 2025, meeting all previously established criteria by the WalletConnect Foundation.

These included the launch of staking pools, onboarding node operators, the WalletConnect Certified Wallet program, and the recent open-sourcing of the core code.

Completing these technical and community-focused milestones laid the groundwork for WCT’s broader distribution and exchange integration.

Notably, the volatility has not deterred investor interest, with current data showing a rebound in trader optimism.

Gate.io joined the listing frenzy with a $10,000 WCT trading competition, while Kraken, Bybit, and Bitget announced listings almost simultaneously.

Controversies, Market Makers, and Transferability Questions

However, not all the excitement around WCT has been celebratory. Critics have raised concerns about the timing of the token’s listing and the vesting schedule for insiders.

Some accused WalletConnect of “playing the Starknet crime playbook,” referring to prior cases in which token insiders allegedly benefited from shorter-than-disclosed vesting periods.

According to critics, insiders in WalletConnect’s case will effectively have their allocation unlocked five months earlier than the traditional one-year timeline, potentially allowing them to dump tokens amid peak market hype.

Adding fuel to the fire, market sleuths on crypto Twitter have identified GSR.io as the suspected market maker behind WCT.

They cite suspicious trading patterns similar to those seen in past launches such as GALA, BIGTIME, and ARKM.

One on-chain analyst claimed it cost $16,000 in gas to verify GSR’s involvement by tracking wallet addresses and that roughly 2.8 million WCT tokens were linked to their operations.

Others began offering tutorials on identifying such patterns, suggesting that professional market makers often leave behind subtle clues.

Despite the criticism, WalletConnect’s transparency on some aspects of the project, particularly around transferability criteria, has won praise.

While market makers, listing spikes, and price gaps may dominate the short-term narrative, WCT’s real test will come in its ability to drive long-term value for users, developers, and stakeholders.

The post WCT Soars 100% After Airdrop Dump — Price Gap Widens Ahead of Korean Exchange Listings appeared first on Cryptonews.

The Commodity Futures Trading Commission (CFTC) is revoking an advisory requiring strict review of new virtual asset derivatives – financial instruments that derive their value from an underlying cryptocurrency, allowing investors to speculate on price movements without directly owning the asset.

In a statement, the regulatory agency says that its Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) decided to withdraw CFTC Staff Advisory No. 18-14 (Advisory with Respect to Virtual Currency Derivative Product Listings) effective immediately.

The DMO and the DCR originally issued the advisory on May 21st, 2018, to provide guidance on enhanced standards for derivative contracts to be listed on a designated contract market (DCM) or swap execution facility (SEF), or to be cleared by a derivatives clearing organization (DCO).

At the time, the DMO and the DCR said that the risks of the crypto markets justify scrutiny by the CFTC staff and registered entities.

“In light of the risks discussed above, staff highlights certain key areas that require particular attention in the context of listing a new virtual currency derivatives contract pursuant to Commission Regulation 40.2 or 40.3. The topics are: (A) enhanced market surveillance; (B) coordination with CFTC staff; (C) large trader reporting; (D) outreach to stakeholders; and (E) DCO risk management.”

On March 27th, the CFTC announced the withdrawal of the advisory. The agency says the guidance reflected the thinking of its staff in 2018 based on experience with crypto derivatives products.

“DMO and DCR determined that the advisory is no longer needed given additional staff experience with virtual currency derivative product listings and increasing market growth and maturity.”

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OpenSea has announced a suspension of XP rewards for bidding and listing NFTs, following criticism that the system was being exploited for high-frequency trading.

The XP system, introduced as part of the OS2 update, was designed to incentivise marketplace activity ahead of the upcoming $SEA token airdrop. However, traders quickly found ways to accumulate XP through rapid, low-cost transactions.

The pause comes after community members argued that OpenSea’s approach encouraged speculation over long-term participation. In response, OpenSea has announced a pause on XP rewards for bidding and listing whilst it reassesses its approach.

What has been OpenSea’s response?

In a statement from OpenSea CEO Devin Finzer, XP rewards for bidding and listing will be paused whilst reassessing its incentive structure. The company acknowledged the concerns but maintained that liquidity incentives remain an essential part of a competitive marketplace.

“We’ve heard the feedback on the current XP system, and we’re putting a pause on XP given directly for listing and bidding,” said Finzer. The platform will now focus its rewards programme on XP shipments, which were designed to recognise broader participation, such as buying and holding NFTs.

The second round of shipments has already been distributed, prioritising users who purchased NFTs on OS2, with additional XP multipliers given to those who have held high-volume NFT projects for over three months. OpenSea noted that future shipments would continue to reward buyers and holders, though it did not specify how frequently these rewards would be distributed.

OpenSea also pushed back against some of the criticism it received, stating that certain attacks appeared to be driven by external efforts to damage its reputation. “We’re listening closely as we build, but we won’t be bullied,” the Finzer stated.

How has the community reacted to the changes?

The decision has sparked mixed reactions, with some industry figures welcoming OpenSea’s willingness to adjust, whilst others remain sceptical about the direction of its rewards programme.

Betty, CEO and Co-Founder of DeadFellaz, supported the move but stressed that the community’s frustration stemmed from wanting OpenSea to listen and improve noting that OpenSea “still hold a lot of weight in the industry.”

Others questioned whether long-time OpenSea users and early marketplace contributors would receive adequate recognition. ARTXCODE Co-founder Toni Marinara suggested that the platform should prioritise rewarding users with activity prior to $SEA announcement if they want to “dissuade farming and reward actual loyal Opensea users.” Some users also expressed frustration over the distribution of XP shipments, arguing that newer users were being prioritised. One member questioned why “those who paid thousands in platform fees” over the years seemed to be overlooked in favour of beta testers who had only recently joined the platform.

Whilst XP rewards for bidding and listing are temporarily on hold, OpenSea has not ruled out future liquidity incentives. With the $SEA token launch approaching, OpenSea will need to refine its rewards system whilst maintaining user engagement.

As these adjustments continue, whether OpenSea strikes a balance between incentivising marketplace activity and ensuring long-term stability in the NFT space remains to be seen.