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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Last updated: 

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

Russian President Vladimir Putin’s adviser, Dmitry Kobyakov, accused the US of orchestrating a crypto strategy to eliminate its $35 trillion national debt through the manipulation of stablecoins.

During his speech at the Eastern Economic Forum on Sept. 6, Kobyakov claimed that Washington seeks to “rewrite the rules of the gold and crypto markets” as alternatives to traditional currency systems while addressing declining dollar confidence.

The debt problem

The adviser drew parallels to historical US debt strategies from the 1930s and 1970s, arguing America plans to solve financial problems “at the world’s expense.”

He stated:

“The US plans to solve its financial problems at the world’s expense—this time by pushing everyone into the ‘crypto cloud’. Over time, once part of the US national debt is placed into stablecoins, Washington will devalue that debt.”

He described a multi-stage process where the US would transfer its currency debt into crypto instruments before implementing devaluation.

Kobyakov characterized this as a deliberate scheme to eliminate sovereign obligations through digital asset manipulation:

“They have a $35 trillion currency debt, they’ll move it into the crypto cloud, devalue it—and start from scratch.”

The accusations come amid increased global interest in stablecoins, propelled by thriving regulation in the US. In July, President Donald Trump signed the GENIUS Act into law, creating a regulatory framework for these dollar-pegged tokens.

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Strategic tool

However, Kobyakov positioned crypto adoption as a strategic tool rather than a technological innovation, suggesting that the US promotion of digital assets serves debt management objectives.

The adviser warned that global crypto enthusiasm enables Washington’s alleged financial restructuring plans.

The Eastern Economic Forum, held annually in Vladivostok, serves as Russia’s primary platform for discussing Asia-Pacific economic cooperation and alternative financial systems.

Kobyakov’s remarks reflect ongoing Russian criticism of US monetary policy and dollar dominance.

The accusations align with Russian narratives challenging Western financial infrastructure following international sanctions. Moscow has promoted alternative payment systems and criticized dollar-based settlement mechanisms since 2014.

Kobyakov’s claims reflect broader tensions over global financial architecture as countries explore central bank digital currencies and alternative monetary systems.

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We have long recognized that in order for cryptocurrency to reach mass adoption, a form of cryptocurrency that has higher price stability than existing cryptocurrencies like BTC and ETH would be needed so that people can use the currency to store funds and engage in commerce without worrying about their monthly salary dropping by 57% between the time they receive it and the time they can use the money to buy products. Unfortunately, we’ve found that the existing stablecoins all have various flaws; Tether is unauditable, Nubits has already once collapsed in price, Seignorage Shares is after three years still just a whitepaper and MakerDAO is an inadequate joke because…. reasons. As a result, we’ve decided to take matters into our own hands, and issue our own officially branded stablecoin, and use this as an opportunity to make another ICO.

Introducing World Trade Francs.

World Trade Francs is a decentralized 4.0 stablecoin based on next-generation blockchain technology. World Trade Francs strives to construct a free trade and economic interaction system, utilizing next-generation blockchain and hypercube tangle technology. The protocol allows each user to freely buy, sell and hold stable tokens. The issuance, circulation, and trading of WTF, though decentralized self-governance, lay the foundation for the distribution and subscription of economic value, thereby empowering content creators as well as forming a decentralized free trade and economic interaction ecosystem. The app partners of WTF protocol include Peiwo, Obike, Gifto, Uplive, with a total of 4 millions users, making WTF a blockchain protocol with the most DAPP users in the world.

World Trade Francs will allow humanity to escape political oppression and achieve true individual self-sovereignty and global free trade, using permissionless global network, and a World Decentral Bank, which will be able to implement Perfect Monetary Policy that can allow the world to live together in harmony, all without any central points of censorship or control. By being decentralized, WTF will combine all benefits of capitalism and socialism with none of the downsides of either, creating a forward-thinking economic model for humanity in the twenty first century. Users will be able to hodl and trade WTF, the stablecoin, and FTW, the corresponding volatile coin that represents something economically equivalent to shares of future revenue from the WTF system, but technically a utility token because governments seem to really care about us falling on that side of the distinction for some reason.

We have already started talking to sketchy Pacific island nations national governments about integrating use of World Trade Francs as a reserve currency for international agreements, and plan to soon become the first currency to be explicitly endorsed for use in an international treaty. The World Decentral Bank also includes a basic income mechanism where member nations can apply to join and receive a share of WTF issuance on condition that they distribute it to their citizens. The condition for qualifying as a nation is approval from 100,000 internet libertarians, and so we are proud to welcome Sealand, Catalonia, Texas, six provinces of India and China, Nationy McNationFace and Harambe among our initial batch of 1576 member nations. Price stability of the WTF will be ensured via Oracles.

We strive to create a decentralized economy that allows everyone to freely buy, sell and hold stable tokens, without relying on centralized services. The legislative power will be transferred from an opaque centralized authority to transparent codes. Rules and platforms will be entirely transparent and based on faithfully executed smart contracts. By empowering the users, we will transform the economy on a global scale.

Expected price trajectory

Vitallk Vuterin	Barack Obama	Moose
Twitter scamming veteran. Raised over 4500 ETH from running a scam far more direct and honest than this one.	44th president of the United States. Not an advisor, we just think his face would be cool to have visible on here.	A literal moose.

Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to flow into decentralized finance protocols such as Ethena, Ether.fi, and Hyperliquid.

Arthur Hayes reported in his Aug. 27 blog post that Bessent aims to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global South retail deposits into stablecoin infrastructure that purchases Treasury bills.

Yet, he said that this strategy addresses two problems: the Treasury’s inability to track Eurodollar flows and the need for price-insensitive buyers of government debt.

The plan leverages US social media platforms as distribution channels for stablecoin adoption. Meta’s WhatsApp could deploy crypto wallets to billions of users worldwide, enabling seamless transactions with stablecoins while bypassing local banking systems.

DeFi protocols positioned for “secular rise”

Stablecoin issuers must invest deposits in Treasury bills to maintain dollar parity, creating guaranteed demand for government debt.

Tether earns a net interest margin of 4.25% to 4.5% by holding T-bills, while paying no interest on USDT tokens. This business model scales directly with deposit growth, providing Bessent with price-insensitive buyers for short-term government securities.

Bessent can weaponize dollar dominance to force compliance with the adoption of stablecoins.

One example mentioned by Hayes is threatening to exclude foreign banks from Federal Reserve swap lines during financial crises. This move would push Eurodollar deposits toward US-regulated stablecoin platforms.

In the case, Hayes projects a total stablecoin circulation of $10 trillion by 2028. In this scenario, he argued that three protocols are poised for a “secular rise.”

The first is Ethena, which operates the synthetic dollar system USDe to generate yields by shorting crypto derivatives against long positions. As of press time, Ethena had $12.4 billion in total value locked (TVL) in the protocol.

Road to 25% market share

The analysis forecasts that USDe could achieve a 25% market share of total stablecoins, potentially reaching a supply of $2.5 trillion.

Hayes also mentioned Ether.fi. The protocol offers stablecoin spending through Visa-powered debit cards, allowing users to spend their crypto anywhere Visa is accepted.

The platform earns revenue at a ratio comparable to JPMorgan’s 1.78% fee-to-deposit ratio and can also capture decent value in the expansion of the US dollar-pegged stablecoin market.

The third protocol mentioned in the post is Hyperliquid. The protocol dominates decentralized perpetual trading, with a 63% market share.

In addition, Hayes cited that Hyperliquid processes daily volume representing 26.4% of the total stablecoin supply in trading activity.

Considering his $10 trillion prediction, the way these three protocols interact with stablecoins could heavily benefit them and their native tokens.

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Author

Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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Last updated: 

August 25, 2025

Crypto advocates, IT experts, and media outlets are concerned that lawmakers’ deliberations on South Korea’s stablecoin legislation have “slowed to a standstill.”

The South Korean newspaper Busan Ilbo reported that all four stablecoin-related draft laws submitted to the National Assembly in recent months are currently stuck in the committee stage.

S Korea’s Stablecoin Legislation: Stuck in Committee

The bills’ delay, the newspaper wrote, is due to the fact that regulators and lawmakers cannot agree on key terms. Busan Ilbo wrote:

“Discussions on institutionalizing stablecoins in South Korea are stuck at a standstill. This stems from persistent disagreements between the National Assembly, the government, and the Bank of Korea (BOK).”

The outlet noted that the parties cannot agree on the question of whether they should let fintech and IT firms issue coins.

More conservative voices at the BOK and in the government want to restrict issuance to domestic commercial banks.

The question of whether or not to let fintech firms issue KRW-pegged coins is extremely sensitive in South Korea.

The country’s business space is dominated by large conglomerates known as chaebol. All of these firms have advanced finance and tech subsidiaries.

In recent years, internet giants such as Naver and Kakao have also moved into the space. The BOK and others fear that letting firms issue KRW-pegged coins will lead to the rise of big tech-controlled “private currencies.”

Historically, chaebol have wielded enormous political and financial influence in South Korea. The BOK is concerned that surrendering its monopoly on currency issuance to these firms (or new tech giants like Naver) will erode its power.

Conversely, the BOK exercises considerable regulatory powers over the commercial banking space. As such, it seems ready to dig its heels in on the matter.

Equity Requirements

The four bills all feature varying requirements for stablecoin issuers. The most progressive of the quartet proposes ensuring issuers have a minimum of 500 million won ($360,026) in equity capital.

This bill would essentially open the door to startups that wish to start issuing KRW-pegged stablecoins.

But the most conservative of the bills states that only firms with a minimum of 5 billion won ($3.6 million) in equity capital can enter the market.

Busan Ilbo wrote that the review process has been divided between two of the National Assembly’s committees, namely the Political Affairs Committee and the Strategy and Finance Committee.

This split is “hindering progress,” the outlet remarked. A senior official at a South Korean blockchain industry firm, speaking to Cryptonews.com on condition of anonymity, said:

“This delay is very frustrating. The government should make up its mind quickly, either way. Our rivals in other countries aren’t being left in limbo like us.”

Playing Catchup with Washington

South Korean critics have pointed to progress on stablecoins in Germany, China, and Japan, as well as the US.

The Japanese Financial Services Agency is reportedly set to authorize the Tokyo-based fintech company JYPC’s bid to issue the nation’s first yen-pegged stablecoin.

Experts in Seoul think that Berlin, Tokyo, and Beijing are all acting in response to events in Washington; keen to avoid a “unipolar” drift toward the US dollar.

US President Donald Trump signed the GENIUS Act into law in July this year. The act sets out a range of regulatory requirements for would-be stablecoin issuers.

Last week, the President of the USD Coin (USDC) issuer Circle Heath Tarbert held a stablecoin-themed meeting with the BOK Governor Rhee Chang-yong.

Tarbert also met with some of South Korea’s top bankers. The Circle chief spoke to top executives from financial behemoths like Kookmin, Woori, and Shinhan.

XRP is now on the verge of being integrated into the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has passed all thresholds required under its newly launched Eligible Asset Framework, which puts it alongside BNB and HYPE as top candidates for onboarding. 

XRP’s massive liquidity, its market capitalization of over $181 billion, and daily trading volumes comfortably above $10 billion now see it ready to take on a new role in the USDe ecosystem.

Related Reading

Ethena’s Eligible Asset Framework

Ethena Labs, the company behind the USDe stablecoin, recently introduced the Eligible Asset Framework as a formalized system to expand the collateral options backing USDe. According to an announcement, the framework is based on specific thresholds that assets must meet before gaining approval. 

These thresholds include maintaining over $1 billion in average open interest across two weeks, daily spot trading volumes above $100 million, and perpetual futures volume exceeding $100 million per day. Liquidity requirements are also included, such as a spot order book depth of more than $500,000 and perpetual futures depth above $10 million on a two-week average. 

XRP has cleared all these requirements, which means that it is strong enough from a risk perspective to be considered as part of USDe’s perpetual futures collateral system. 

For years, XRP has maintained its status as one of the most liquid digital assets in the market. Its market capitalization, which is at $181.944 billion at the time of writing, has grown massively in the past year. This has seen it climbing in market cap ranks, and it is now sitting behind only Bitcoin and Ethereum. 

Beyond the numbers, XRP’s deep order books and global trading presence in exchanges in America, Europe, and Asia allow it to handle large transactions without disrupting price stability. This level of liquidity and depth makes XRP an ideal candidate for integration into USDe, which has already been minting hundreds of millions of dollars weekly. For instance, data shows that USDe mints were in excess of 670 million over the past week.

What Does This Mean For XRP?

According to Ethena, XRP, alongside HYPE, has only met all the thresholds and is a candidate for onboarding shortly. Only BNB has been approved as the first new eligible asset  for the perpetual futures portion of the collateral backing of USDe.

If Ethena formally onboards XRP for onboarding, it would become an important expansion of XRP’s utility. It might not be the update expected by XRP holders, but this development could open a new chapter in the cryptocurrency’s utility and adoption.

Related Reading

Simultaneously, Ripple’s US dollar-pegged RLUSD, has had its own success in the stablecoin market. So far, RLUSD has crossed a market capitalization of approximately $680 million within its first seven months and continues to grow. Moreover, Ripple is extending RLUSD’s global presence by partnering with SBI VC Trade to bring it to the Japanese market by early 2026.

At the time of writing, XRP is trading at $3.02, up by 6.5% in the past 24 hours.

Featured image from Virtune, chart from TradingView

Stablecoins could swell to a $1.2 trillion market by 2028 and begin exerting pressure on U.S. debt markets, according to an Aug. 21 Coinbase report.

The projection, based on thousands of growth simulations, outlines a path for the market to expand nearly 5x from its current size of $270 billion.

The report comes as the sector faces increasing regulatory oversight while also embedding itself more deeply into global finance.

Growing role in Treasury markets

Stablecoins, digital tokens pegged primarily to the U.S. dollar, are issued by firms such as Circle and Tether that hold short-term government securities to back the tokens in circulation.

Coinbase estimated that if growth continues on its projected trajectory, issuers would need to purchase roughly $5.3 billion in Treasury bills each week.

That demand could trim between two and four basis points from the yield on three-month Treasuries over time, a subtle shift but one that matters in the $6 trillion money market, where marginal moves influence borrowing costs for banks, corporations, and other institutions.

Coinbase also warned that the flow of funds may not always be in one direction. Sudden redemption waves could force issuers to unwind positions quickly.

The report modeled a scenario where a $3.5 billion outflow in less than a week prompted rapid Treasury sales, straining liquidity in the short-term debt market.

Regulation and risk management

The forecast highlighted the role of policy in shaping the next stage of stablecoin adoption as legislation, including the GENIUS Act, becomes effective.

The GENIUS Act, which passed earlier this year and takes effect in 2027, requires issuers to maintain full reserves, undergo independent audits, and provide bankruptcy protections to token holders.

While the law does not allow stablecoin providers access to Federal Reserve liquidity facilities, Coinbase analysts said the framework should reduce the chance of destabilizing runs.

Clearer rules could also give traditional financial institutions more confidence to engage with the sector, supporting steady growth rather than speculative bursts.

The report emphasized that stablecoins are no longer confined to crypto trading but are increasingly used as settlement tools and payment rails. It added that with adoption compounding over time, the impact of stablecoins may soon extend well beyond digital assets, altering the dynamics of U.S. government debt markets in the process.

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