Bitcoin’s Rise, Hyperliquid’s DeFi Wave, and Virtual’s Genesis Launchpad

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Happy Monday, and a new week, TM Family!

Welcome to the Token Metrics Daily newsletter, where we cover key market movements, regulatory updates, research reports, and early alpha for our readers and investors. 

Let’s dive in! 

In Today’s Edition

1. Bitcoin's Surge and Market Dynamics

2. Hyperliquid Advancing DeFi with Hyperbridge and USDT0

3. Community-Driven Innovation: Virtual’s Genesis Launchpad

4. Crypto Market Update with Ian Balina YouTube Lives are Back 

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1. Bitcoin's Surge and Market Dynamics

As of writing, Bitcoin (BTC) is priced at $104,232, with a 24-hour trading volume of $35B, approaching close to its all-time high of $108,786. The total cryptocurrency market capitalization is $3.44T, down 1.81% in the last 24 hours but up 44.79% year-over-year.

Bitcoin's market capitalization is now at $2.05T, with a dominance of 59.47%. Ethereum's price has increased almost 39% since last week, from $1800 to $2500. ETH now has a market capitalization of $302B, a 24-hour volume of $28B, and a dominance of 8.78%.

A recent U.S.-China trade agreement has reduced economic uncertainties, reinforcing Bitcoin’s role as an alternative asset amid fiat currency fluctuations. MicroStrategy has increased its Bitcoin holdings by purchasing an additional 13,390 BTC for $1.34B, bringing its total to 568,840 BTC. 

Upcoming U.S. inflation data and potential tariff changes may introduce near-term volatility, but institutional adoption supports Bitcoin’s growth. 

2. Hyperliquid Advancing DeFi with Hyperbridge and USDT0

Hyperliquid has introduced Hyperbridge, a cross-chain interoperability protocol, and USDT0, a U.S. dollar-pegged stablecoin, to advance DeFi functionality. Hyperbridge enables efficient asset transfer across blockchains, lowering costs and addressing liquidity challenges. 

USDT0 supports DeFi use cases with features like ecosystem participation rewards and peer-to-peer transfers. USDT0 is a bridged version of Tether’s USDT stablecoin, designed to extend USDT’s availability to blockchains where it is not natively issued, enhancing cross-chain interoperability.

Hyperbridge uses LayerZero’s Omnichain Fungible Token (OFT) standard for secure, seamless cross-chain transfers. Each USDT0 token is fully backed by an equivalent USDT locked on Ethereum, preserving the stable value peg to the U.S. dollar. 

The Token Metrics trading signal for $HYPE turned bullish on 14 April 2025. Since then, the price has surged by 57% and is now trading at $24.57. Check the AI-driven trading signals for $HYPE on Token Metrics now. 

3. Community-Driven Innovation: Virtual’s Genesis Launchpad

Virtuals Protocol, the leading AI project from Q4 of 2024, has developed Genesis Launchpad, which operates on L2, Base. Through its innovative mechanism, Genesis Launchpad is revolutionizing token launches for AI agent projects. 

The Token Metrics’ trader-grade signal for $VIRTUAL turned bullish on 26 April 2025, at $1.09. Since then, the token has surged 81% and is now trading at $1.98.

Visit the Token Metrics platform to spot such early alpha through our AI-driven analytics and trading signals for thousands of cryptocurrencies, and perform on-chain swaps directly.

Participants earn virgen points via activities such as staking ecosystem tokens like $VADER, holding $VIRTUAL tokens, trading, or producing content on X (Twitter), which determine project allocations at launch.  

Recent updates to the launchpad, such as transparent developer vesting schedules and features like the Diamond Hand Bonus and Take Profit Cooldown, enhance trust and reward long-term holders.

Some of the platform's most successful launches so far include $BIOS, $ROAST, $HOLLY, $GLORIA, $WHIM, and $NYKO.

Competition from established launchpads and regulatory considerations present challenges, but participants should prioritize point accumulation through staking or content creation and target launches with strong community backing. 

4. Crypto Market Update with Ian Balina YouTube Lives are Back 

Watch here: https://www.youtube.com/live/Q7-Gv-WTXZE

Meme of The Day

References 

1. Bitcoin Eyes Record High as U.S.-China Cuts Tariffs

2. Arthur Hayes Declares 'Buy Everything'

3. Bitcoin Dominates Global Crypto Funds' $882M Weekly Inflows

4. Bitcoin’s Bull Run Against Gold Could Accelerate

5. Strategy Makes Additional $1.34B Bitcoin Buy

6. Strategy Stacks Another 13,390 Bitcoin, Bringing Total Holdings to 568,840 BTC

7. USDT0 is Live on Hyperliquid Spot and HyperEVM

8. Trade $ETH on Token Metrics

9. Check $HYPE Trading Signals on Token Metrics

10. Trade $VIRTUAL on Token Metrics

11. Crypto Market Update with Ian Balina YouTube Live

That’s all for today, folks. Let’s talk tomorrow.

Your Friends at Token Metrics