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

Every decision we make returns to one principle. We will build the best possible experience for you. So we’re proud to announce it Silkworm ranked Kraken as the No. 1 global crypto exchange in 2025 – This is the first-ever top finish, and has steadily risen from third place in the first quarter of 2025 to #2 in the second quarter of 2025.

This perception is more than where we stand now. That’s about how we got here. Listen to our clients, strengthen our infrastructure and drive the industry forward with transparency and trust.

First of all, who is the silkworm?

Kaiko is one of the world’s leading providers of digital asset market data. Quarterly Exchange Ranking Methodology evaluates global trading venues across a wide range of criteria, including governance, security, technology, liquidity, business and data quality. The rankings are widely held institutions, regulators and market participants, making them a meaningful benchmark for exchange quality and reliability.

Climb #1: What the rankings reveal

Kaiko’s top position in the third quarter 2025 rankings highlights the categories that Kraken continues to lead.

safety

Kraken won 100. This is a 6 points higher than any other exchange with the highest possible security score. This reflects an uncompromising approach to asset protection, robust custody regimes and industry-leading safeguards. Our clients trust us with their financial freedom and we take that responsibility seriously.

Data Quality

Accuracy, timeliness and transparency are essential to a client’s confidence. We regularly publish proofs of bookings, and real-time data feeds give traders and institutions unparalleled clarity.

Fluidity

Deep purchase orders and tough spreads will make your execution smoother at the price you want. Our liquidity ensures that clients, from everyday traders to global institutions, can trade with efficiency and confidence.

The strength of business

From product range to executive leadership, our business fundamentals continue to be strong. This reflects both our innovative spirit and our strong foundation, allowing us to continue offering for our clients.

Together, these pillars strengthen what is most important. Build a major platform that clients can rely on every day.

Based on all client-first philosophy

That’s because all high marks lead to simple truth: client Deserves A platform they can rely on.

• Security means peace of mind
• Data quality means trust in every transaction
• Liquidity means fairness and efficiency
• Business strengths mean innovation in the long term

These are not abstract metrics. They are the living experiences of Kraken clients.

“Reaching #1 is a powerful milestone, but that’s just the beginning. A score of 100 in security shows that client protection is always our top non-negotiable priority.”

“When you combine it with deep fluidity, transparent data and relentless innovation, it builds more than exchange. It builds trust. That’s what Kraken represents, and that’s how it continues to accelerate the global adoption of crypto.”

#1 better build from spot

Our rapid rise from Kaiko’s rankings is evidence that prioritizing our clients will drive sustainable growth. It validates the vision of a transparent, resilient, and accessible cryptographic ecosystem.

We are proud to be leading the industry in 2025. But even more importantly, I’m excited about what’s coming next. It’s about raising the bar for the client experience, building new products and expanding global access to crypto.

In Kraken, #1 is not the finish line. It is the foundation of the future.

Blockchain messaging protocol LayerZero has won the bid to acquire crypto protocol Stargate after a shaky first offer and a late four-way bidding war.

Stargate’s community voted on Sunday with a 95% majority to greenlight the LayerZero Foundation’s $110 million acquisition proposal, which it amended after holders of the Stargate (STG) token said the original deal was unfair.

Three of LayerZero’s rivals also put in last-minute bids or intent-to-bids to acquire Stargate, with one bidder, Wormhole, unsuccessfully asking for the vote on LayerZero’s acquisition to be paused.

LayerZero developed and launched Stargate in 2022, and the deal now sees the platform come back under its control. Stargate facilitates transfers across blockchains using liquidity pools that it says allow assets to be transferred natively instead of relying on blockchain bridges, which have a history of being hacked.

LayerZero claims record participation 

LayerZero co-founder and CEO Bryan Pellegrino wrote on X on Sunday that the Stargate community vote had “the highest participation of any vote” in the platform’s history.

The voting website shows over 15,000 addresses took part, with 94.76% representing 7.2 million STG tokens voting in favor, while 5.24%, or 399,400 tokens, voted against. 

“Not only did ~95% of the stake weight vote in the affirmative, but ~95% of addresses voted in the affirmative,” Pellegrino added.

Wormhole made offer for Stargate

Wormhole made an offer on Saturday after saying on Wednesday that it would “submit a meaningfully higher bid,” and that LayerZero “doesn’t create a compelling offer, which values Stargate’s ongoing business at an unreasonably low number.”

Wormhole pitched a $120 million all-cash purchase that would see stakers of Stargate’s token “receive 3x the projected revenue for the next 6 months, accelerated and paid immediately, as part of our successful acquisition.”

Axelar, Across also considered a bid for Stargate

The cross-blockchain platforms Axelar Network and Across Protocol also signalled their interest in bidding for Stargate on Sunday, with both noting that the vote on LayerZero’s bid would need to be paused.

Across co-founder Hart Lambur posted to Stargate’s forum that it’d been suggested to him that his platform submit an offer for Stargate, but he had “no interest in rushing an 11th-hour proposal, however if this process is slowed down and other bids are properly considered, Across will participate.

The Axelar Foundation posted to the forum a few hours later that it had a “strong interest” in bidding if a “competitive process” was created for the acquisition, it would pitch “a comprehensive proposal and encourage Stargate to collect all options before making a decision.”

However, Stargate Foundation lead Angus Lamps said in response to the bids that the vote on LayerZero’s bid can’t be paused, and Stargate “has been engaging with any parties” that sign a non-disclosure agreement and want to conduct due diligence.

Related: Aave drops over 8% on rumors of World Liberty Financial token deal 

LayerZero’s initial proposal pitched using Stargate’s excess revenue for a ZRO buyback program, which some Stargate community members called “not attractive at all” as it didn’t offer advantages to STG holders.

It revised the offer on Sunday to give Stargate stakers half of all top-line revenue for six months, with the remaining half used to buy back its LayerZero (ZRO) token.

Under the approved deal, all circulating STG will be swapped for ZRO at a ratio of 1 STG to 0.08634 ZRO.

Magazine: Solana Seeker review: Is the $500 crypto phone worth it?

]]> https://earlybirdsinvest.com/layerzero-wins-stargate-acquisition-in-4-way-bidding-war/feed/ 0 54978 https://earlybirdsinvest.com/wazirx-restructuring-plan-wins-95-creditor-approval-awaits-court-ruling/ https://earlybirdsinvest.com/wazirx-restructuring-plan-wins-95-creditor-approval-awaits-court-ruling/#respond Tue, 19 Aug 2025 14:11:45 +0000 https://earlybirdsinvest.com/wazirx-restructuring-plan-wins-95-creditor-approval-awaits-court-ruling/

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.

Share

Last updated: 

August 19, 2025

Indian crypto exchange WazirX has secured overwhelming creditor support, with more than 95% of voters backing its latest restructuring proposal, which now awaits regulatory approval from the Singapore High Court.

The creditor vote on the restructuring framework means the plan now requires judicial endorsement from Singapore’s court to authorize the Amended Scheme following the platform’s hacking incident.

According to a recent statement, WazirX Founder Nischal Shetty outlined that the restructuring blueprint includes platform preparations to restart operations and restore trading services for users “within 10 business days of the scheme taking effect.”

WazirX Creditor Voting Results and Process

The voting process, coordinated by parent entity Zettai Pte Ltd., was conducted through Kroll Issuer Services between July 30 and August 6, with eligibility restricted to account holders maintaining positive balances as of July 18, 2024.

A total of 149,559 creditors representing $206.9 million in validated claims took part in the process.

Among all participants, 143,190 creditors representing $195.7 million endorsed the proposal, exceeding the statutory thresholds established under Section 210(3AB) of the Singapore Companies Act 1967.

WazirX highlighted the results across social media platforms, disclosing that precisely 95.7% of participating Scheme Creditors backed the Amended Scheme of Arrangement.

The cryptocurrency exchange stated that “this outcome reaffirms the strong support shown in the first round of voting and reflects our community’s continued confidence in the restructuring plan.”

The restructuring framework proposes asset distribution through Zanmai India, which operates under India’s Financial Intelligence Unit oversight, designed to maintain transparency and regulatory compliance.

Following court acceptance of the filing, Zettai will notify creditors via official communications, including copies of the relevant legal documentation.

This represents the second restructuring vote to advance after the Singapore Court previously dismissed the initial proposal.

Although the first plan also received majority creditor support, judicial authorities expressed concerns regarding the proposal’s equity and practical viability.

During that period, the exchange faced criticism from frustrated creditors who alleged fraudulent behavior due to extended delays.

The platform initially committed to asset redistribution by February 2025, leading many to suspect the exchange was exploiting legal complications to postpone user repayments.

Subsequently, in June, WazirX filed for reconsideration, and the court permitted additional arguments while extending the protective moratorium.

By August 2025, judicial authorities mandated a second vote on the modified restructuring scheme, providing WazirX another opportunity to advance its proposal.

WazirX Creditors Uncertain About Recovery Timeline of Funds

A disaster occurred in July 2024 when the WazirX platform suffered a cyberattack allegedly orchestrated by North Korea’s Lazarus Group, based on intelligence from the U.S. Department of State.

The incident resulted in losses exceeding $230 million, representing 45% of the platform’s total $500 million in holdings.

WazirX’s Singapore-registered parent company, Zettai Pte Ltd, immediately pursued creditor protection and received a four-month moratorium from Singapore’s High Court in September 2024, providing time to develop a comprehensive restructuring strategy.

Despite the positive voting outcome, WazirX customers remain skeptical about fund recovery prospects.

In February, the cryptocurrency exchange disclosed that reimbursements might face delays, potentially extending until 2030, contingent on the restructuring scheme’s final approval status.

The company’s communication outlined dual scenarios, one pathway if the restructuring gains approval and an alternative if rejection occurs.

Based on WazirX’s published framework, successful restructuring would enable systematic repayment scheduling, allowing creditors to recover assets more efficiently.

However, if the scheme faces rejection, creditors might endure prolonged uncertainty while the company’s ownership disputes remain unresolved.

If WazirX proceeds to liquidation, creditors may experience reduced recoveries due to liquidation expenses and the absence of recovery enhancement mechanisms.

The company also warned that extended proceedings could result in creditors missing future market appreciation, as asset values may diminish by the time of final distribution.

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.

Dinari secured a US broker-dealer registration for its subsidiary, becoming the first platform cleared to offer blockchain-based shares of publicly traded companies to domestic investors, Reuters reported on June 26.

The San Francisco firm stated that it will activate the licensed entity during the next quarter, following completion of onboarding with the Securities and Exchange Commission (SEC). 

Dinari already distributes “dShares” on Coinbase’s Base network to users outside the US. The new clearance allows it to offer the same product to American brokerages and fintech apps through APIs rather than a direct-to-consumer portal.

CEO Gabriel Otte said the company has lined up undisclosed integration partners and will route trades to registered market centers while settling token issuances on a public blockchain.

Tokenized stocks

Tokenizing equities converts conventional shares into transferable digital tokens recorded on a blockchain. 

Proponents argue the structure trims clearing fees, accelerates settlement to near real-time, and supports round-the-clock trading. 

Dinari’s registration satisfies long-standing SEC requirements that secondary trading in securities, whether tokenized or not, run through licensed intermediaries. 

Coinbase and Kraken are also pursuing this approach. Kraken announced the launch of a 24/7 trading platform for US stocks, while Coinbase recently sought permission from the SEC to conduct the same offering. 

Competitive backdrop and remaining hurdles

Despite the push from companies to offer tokenized equities, hurdles persist. The World Economic Forum last month flagged shallow secondary-market liquidity and the absence of unified technical standards as chief obstacles to mainstream use.

Otte acknowledged those gaps but said Dinari’s on-chain settlement framework aims to provide a template regulators, and industry groups can reference when drafting interoperability guidelines.

Unlike retail brokerages such as Robinhood or Charles Schwab, Dinari embeds its trading and custody stack inside third-party platforms. 

Otte described the strategy as a “white label rails” model designed to let fintech firms bolt tokenized equities onto existing mobile apps without building blockchain infrastructure in-house. 

Dinari’s broker-dealer will begin customer testing after it finishes control-location attestations and vault integrations required under SEC Rule 15c3-3. The company stated that it would publish updated technical specifications for its ERC-20-based share contract before the US launch.

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Ethereum gambling, anyone? Right, we thought so.

And it’s no wonder you’re looking for the best Ethereum casinos — instant payouts, increased security, and way more exciting casino games are but a few features that await.

Bitstarz turned out to be the best Ethereum casino, thanks to its industry-leading payout speed, various top-quality casino games, and multiple industry awards for its overall excellence.

Still, we recommend at least checking out the other top websites before deciding. Let’s get started.

Best Ethereum Casinos

The best Ethereum casinos online offer generous bonuses and a variety of games from the leading providers. But there’s so much more to know about them! Discover everything about them below.

1. Bitstarz – Best Ethereum Casino Overall

Pros:

• Over 4,000 casino games
• Multi-award-winning casino
• Excellent user-friendly interface
• Fantastic welcome package
• Crypto-exclusive titles

Cons:

• Could use more live games
• Homepage is a bit cluttered

Bitstarz was founded in 2014 and has wasted no time in becoming the very best Ethereum casino you can join right now.

Something that stands out when you visit their homepage is the sidebar showing all of the awards they’ve won — and now they can add being named our best ETH casino to their long list of accolades.

Game Selection: 4.9/5

With over 4,000 titles to choose from, Bitstarz offers an impressive catalog of the most popular Ethereum casino games.

The site also offers in-house developed casino games, including Blackjack, Plinko, and Slots — all of which are provably fair. When it comes to the game selection, Bitstarz’s live casino is the only option not available in every jurisdiction that the casino operates.

You’ll find nearly a thousand different slot titles here, which may seem overwhelming at first. However, the site is expertly curated, and you can find categories for things such as megaways slots, trending titles, and even a listing of which machines have been hot or cold in the past 24 hours — perfect if you’re the superstitious type.

If you worry about how fairly a casino might be treating you, Bitstarz also has a listing of its “provably fair” games. These games use blockchain technology to put their algorithms on display, allowing anyone to clearly see that everything is on the up-and-up.

While not quite as extensive as their slot selection, their table game offerings are excellent as well. You’ll even find progressive roulette jackpot tables here, which isn’t something that most casinos offer.

Ethereum Casino Bonuses & Promotions: 4.9/5

Bitstarz has abundant and generous promotions and bonuses that are updated regularly.

If you want to use Ethereum from the get-go, you’re also eligible for the bonus. On your first deposit, Bitstarz offers you a 100% deposit match up to 20 ETH and an additional 180 free spins. For your second deposit, Bitstarz offers you the opportunity to score a 50% match on up to 2 ETH.

Additionally, for your 3rd and 4th deposits, you’ll get 50% up to 4 ETH and 100% up to 2 ETH, respectively.

Bitstarz also has weekly recurring promotions, including the 50% Monday Reload Bonus and Wednesday Free Spins. It’s one of the most generous bonuses as far as the best Ethereum casinos go!

Ethereum Support: 5/5

Compared to other cryptos, ETH is known for faster validations, making payments and withdrawals much easier at Bitstarz. The average payout time is quite fast at less than 10 minutes on average, so it won’t take long for you to get your hands on your winnings.

The transaction minimums are quite low, at just .0001 BTC for deposits and .0002 BTC for withdrawals, allowing you to have fun at the tables even if your crypto portfolio isn’t booming.

Banking Options: 4.95/5

When it comes to online crypto gambling, Bitstarz has everything that you could wish for. Aside from the obvious support for Bitcoin, they offer support for Litecoin, Bitcoin Cash, Dogecoin, and, of course, Ethereum.

They also accept a variety of fiat currency options, but they’ll make you work a bit to do so — crypto is clearly king here. Also, there may be fees of up to 2.5% on some fiat transactions, which is all the more reason to get your crypto wallet out.

Interface & Mobile Compatibility: 5/5

It’s pretty strange for such a design-heavy site to have such quick loading times, but then again, the developers probably (definitely) know what they’re doing.
The design is impeccable, and we can’t really think of anything that we would change. The visuals and the game thumbnails on the front page are of high quality, and there are more than enough filtering options to help you find whatever you’re looking for with ease.

On the mobile side of things, Bitstarz doesn’t offer a casino app. Still, the website is optimized to perfection, and you won’t encounter any issues as long as you have a stable internet connection. We’re not exaggerating; you can visit the site yourself to confirm our claims.

>> Get up to 2 ETH + 180 first deposit bonus [Bitstarz]