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Crypto Market Liquidations Hit $500M+ Amid 2% Cap Dip, While 21Shares Eyes HYPE ETF Launch

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The crypto market is feeling the heat today, with over $500 million in leveraged positions liquidated in the past 24 hours as the total market cap slipped about 2% to around $3.2 trillion.

Bitcoin (BTC) dipped below $120,000, shedding roughly 1.8%, while Ethereum (ETH) and altcoins like Solana (SOL) saw sharper drops of 2-3%. This pullback comes amid broader risk-off sentiment, including anticipation around the Federal Reserve’s rate decision and lingering effects from earlier volatility tied to U.S. trade policies.

Long positions dominated the carnage, with data from Coinglass showing BTC longs alone accounting for ~$250M of the wipeout. Interestingly, this isn’t the mega-crash of mid-October when $19B+ vanished in a single day due to tariff shocks, but it’s a reminder of how leveraged trading amplifies even modest dips.

Over 800,000 traders got caught in the crossfire, mostly on platforms like Binance and Bybit. If you’re trading with leverage, keep stops tight—volatility could spike further if Fed signals lean hawkish.

21Shares Files for 2x Leveraged HYPE ETF

In brighter DeFi news, 21Shares submitted an S-1 filing to the U.S. SEC yesterday for a 2x Long HYPE ETF, aiming to deliver 200% of the daily returns for Hyperliquid’s native token ($HYPE).

This would be the first U.S.-listed leveraged ETF tied directly to a live DeFi protocol’s fees and perpetuals market performance—using swaps, futures, and options rather than direct token custody to amp up exposure.

The filing warns of volatility risks (e.g., holding beyond one day could lead to return decay), but it’s a bold play as Hyperliquid’s platform has boomed, processing billions in volume post its HIP-3 upgrade for user-launched perps markets.

$HYPE is holding steady around $46 today, up slightly despite the broader dip, buoyed by this news and Robinhood listings keeping it from sub-$45 support.

Analysts like Bloomberg’s Eric Balchunas call it “SO niche… but it could grow to a few billion” in AUM, drawing parallels to early smart beta ETFs. This joins filings from Bitwise spot HYPE ETF and VanEck, signaling a land rush for Hyperliquid products.

Approval could come by late 2025, potentially injecting fresh institutional liquidity into DeFi perps.If approved, expect this to supercharge $HYPE’s utility—think easier access for tradfi players to Hyperliquid’s Binance-rivaling ecosystem.

Bullish for DeFi adoption, but remember: leverage cuts both ways. HIP-3 transforms Hyperliquid from a curated decentralized exchange (DEX) into a fully permissionless infrastructure layer for derivatives markets.

In essence, it allows anyone—builders, DAOs, or institutions—to deploy their own perpetual futures markets (perps) directly on Hyperliquid’s core engine (HyperCore) without needing approval from validators or the protocol team.

This upgrade builds on Hyperliquid’s earlier proposals: HIP-1: Introduced the native $HYPE token standard. HIP-2: Enabled “Hyperliquidity,” a liquidity provision mechanism.

HIP-3 shifts the paradigm from centralized listing processes common on CEXs like Binance to a decentralized, open model, potentially capturing a slice of the $1.8 trillion global derivatives market by enabling on-chain trading of everything from crypto pairs to real-world assets (RWAs).

HIP-3 leverages HyperCore’s battle-tested infrastructure, which includes sub-second latency order books, a matching engine capable of millions of orders per second, and HyperBFT consensus for security.

Validators can slash stakes via stake-weighted votes for misconduct (e.g., faulty oracles, market manipulation). Slashing burns tokens to avoid conflicts. Open interest caps and isolated margin mode (cross-margin planned). Quote assets must meet on-chain standards or face disablement.

For $HYPE Token: Boosts utility and demand via staking/auctions/gas. Post-upgrade, TVL surged to $5.5B, and $HYPE rose 11-13% initially. Could lock 20%+ supply, supporting price floors and buybacks.

Creates a “flywheel”—more markets ? more volume ? more fees ? more staking. Positions Hyperliquid as the “AWS of liquidity,” rivaling CEXs amid competition from Aster and Lighter. Early adopters like Framework Ventures and Ethena are testing deployments.

New markets must self-bootstrap; low-volume ones could fail or suffer manipulation. HIP-3 is a bold step toward a “living derivatives ecosystem,” making Hyperliquid the go-to L1 for on-chain finance.

If it scales as projected, it could flip narratives around DeFi’s scalability and capture non-crypto volume. For devs eyeing deployment, check Hyperliquid’s docs for the Python SDK and API.

PayPal Partners With OpenAI, Embeds Digital Wallet in ChatGPT to Fuel AI Commerce Revolution

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PayPal has announced a landmark partnership with OpenAI to integrate its digital wallet directly into ChatGPT, enabling users to make seamless purchases through the AI platform.

The collaboration will introduce a “Buy with PayPal” button within ChatGPT, enabling secure and instant checkout experiences for both buyers and sellers.

This deal comes after the payments giant delivered strong third-quarter (Q3) 2025 Results, with broad-based profitable growth across branded experiences. In the report, PayPal disclosed that it is building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity.

The recent integration of its digital wallet into ChatGPT positions PayPal as an early player in AI-driven e-commerce, giving it access to ChatGPT’s vast and growing user base, estimated at over 700 million weekly users. This move aligns with OpenAI’s broader strategy to transform ChatGPT into a commerce-enabled platform where users can discover, compare, and purchase products through conversational interactions powered by artificial intelligence.

PayPal’s CEO, Alex Chriss, speaking on the deal, emphasized the scale and trust underpinning the integration. “We’ve got hundreds of millions of loyal PayPal wallet holders who now will be able to click the ‘Buy with PayPal’ button on ChatGPT and have a safe and secure checkout experience,” Chriss said.

Beginning in 2026, users will be able to browse and complete purchases directly within ChatGPT using their PayPal digital wallets. Behind the scenes, PayPal will handle merchant routing, payment validation, and processing, simplifying integration for sellers. Merchants using PayPal will automatically gain access to ChatGPT’s e-commerce ecosystem without needing separate agreements with OpenAI.

PayPal CEO Chriss further highlighted the trust and security benefits of the partnership, noting that both buyers and merchants on PayPal’s network are verified, reducing fraud risks. Consumers will be able to use linked bank accounts, credit cards, or PayPal balances to pay for items, while also enjoying standard PayPal protections, including package tracking, dispute resolution, and purchase protection.

“It’s not just that a transaction can happen,” he added. “It’s that this is a trusted set of merchants, the largest merchant network in the world, from PayPal verified, with the largest set of verified consumers in a digital wallet.”

By embedding PayPal’s wallet and enabling “chat-to-checkout” flows, ChatGPT becomes not just an assistant for search or work, but a platform for direct e-commerce. This opens up a monetization channel beyond subscriptions. The partnership comes as OpenAI expands ChatGPT’s role in e-commerce, following similar deals with Shopify, Etsy, and most recently, Walmart. Also, as more platforms explore AI + commerce, OpenAI’s move helps it stay ahead of competitors and broaden the role of ChatGPT from pure conversation/assistance to commerce/transaction.

For PayPal, ChatGPT’s hundreds of millions of weekly users, will see the payments platform get exposure to a massive new audience for its wallet and payment services. The announcement has already triggered a strong positive reaction in PayPal’s stock, reflecting investor confidence in this strategic move. Notably, as commerce shifts toward conversational and AI-driven experiences, PayPal’s integration puts it at the Centre of that shift.

By embedding its wallet into ChatGPT, PayPal is positioning itself as a payments backbone for the next generation of agentic AI shopping, where conversational interfaces meet trusted financial infrastructure to make digital commerce more seamless and secure.

4 Best Crypto Presales Defining 2025: BlockDAG, Maxi Doge, Best Wallet Token, and Pepenode

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Each market cycle introduces standout presales, and 2025 is already one of the busiest years yet. A fresh lineup of presale crypto coins is gaining strong traction due to their solid ideas, smart technology, and early community support. These projects are still in the funding phase, but the buzz surrounding them is undeniable.

Ranging from advanced blockchain models to user-friendly wallet ecosystems and creative meme coins, these projects combine real-world function with entertainment value. Let’s take a closer look at BlockDAG, Maxi Doge, Best Wallet Token, and Pepenode, four names generating significant attention as the best crypto presales for their progress, design, and market appeal.

1. BlockDAG: The $433M+ Hybrid Powerhouse

BlockDAG (BDAG) stands out as one of the most recognized presale crypto coins in 2025, with over $433 million raised so far. Built on a hybrid structure, it merges Bitcoin’s Proof-of-Work security with a Directed Acyclic Graph (DAG) network to achieve unmatched speed and scale.

This system allows BlockDAG to handle 2,000 to 15,000 transactions per second, far beyond the limits of many traditional blockchains. Its Testnet already supports Ethereum Virtual Machine (EVM) compatibility, drawing 4,500+ developers who are testing apps on the network.

The X-Series rigs (X10, X30, X100) allow everyone from beginners to professionals to mine efficiently. Over 20,000 rigs have been sold, with each capable of producing between 200 and 2,000 BDAG coins per day, depending on the model. This approach builds an inclusive mining community that strengthens engagement.

Currently in Batch 31, BDAG coins are priced at $0.0015, with a projected launch value of $0.05. More than 27 billion coins have been purchased by 312,000+ holders worldwide. The project is guided by CEO Antony Turner and advised by Dr. Maurice Herlihy, with audits completed by CertiK and Halborn for full transparency.

For many, BlockDAG (BDAG) represents the best crypto presale due to its combination of proven technology, open accessibility, and trust-based foundation.

2. Maxi Doge: The Meme Coin With Real Momentum

Maxi Doge captures the lighter side of crypto with humor and community strength. Inspired by Dogecoin’s playful roots, it has become a crowd favorite while maintaining real presale success. The project has already raised $2.2 million, with each MAXI coin priced around $0.000258.

Its message centers on fun, community, and inclusivity. While not focused on deep technical design, Maxi Doge’s biggest advantage is its loyal following. The project’s online presence continues to grow daily, and its supporters help drive excitement across social platforms.

Like most meme coins, its long-term results will depend on continued engagement after launch. However, traders seeking fast-moving projects with viral potential are already watching Maxi Doge closely as one of 2025’s most talked-about meme presales.

3. Best Wallet Token: A Utility-Driven Ecosystem

Best Wallet Token (BEST) stands out among presale crypto coins that prioritize real-world functionality from the beginning. It’s directly linked to the Best Wallet app a platform offering secure storage, early presale access, and staking rewards. The BEST coin fuels this ecosystem, allowing governance, rewards, and fee discounts within the wallet itself.

The project has already raised about $13.5 million, reflecting growing confidence in its roadmap. The ongoing presale price is $0.025855, with the campaign extended until December 2025 to let new users join. If the project turns presale excitement into active app adoption, it could sustain a strong and engaged user base.

By connecting a real wallet app to blockchain incentives, Best Wallet Token blends security, convenience, and early access, an approach that appeals to both newcomers and experienced crypto users.

4. Pepenode: The Meme-Mining Concept

Pepenode adds a new spin to meme-based crypto with its “mine-to-earn” model. It mixes humor and mining by allowing participants to run Pepenode Nodes that produce PEPENODE, PEPE, and FARTCOIN rewards. This creative blend of entertainment and passive income potential makes it one of 2025’s most unusual presales.

The project has already raised around $2 million, proving that even light-hearted ideas can attract real traction. Its future success, however, relies on the full rollout of its mining network and reward system. Pepenode’s community is highly active, showing the same energy that powered previous meme sensations. For those seeking risk and fun, Pepenode offers both.

Conclusion: BlockDAG Leads 2025 as the  Best Crypto Presale

The 2025 presale lineup blends purpose, humor, and innovation. BlockDAG stands tall for its scalability and transparency, Maxi Doge brings community energy, Best Wallet Token offers practical utility, and Pepenode adds creativity through its meme-mining concept.

Among them, BlockDAG continues to lead the narrative as the best crypto presale for 2025. Its balance of secure design, fast performance, and inclusive mining ecosystem sets it apart in a crowded market.

Presales like these reveal how the crypto market continues to evolve, where both advanced technology and community appeal can thrive side by side. For traders and enthusiasts alike, 2025 looks set to be one of the most active and opportunity-rich years in crypto history.

BlockDAG, Shiba Inu, Pepe & Pudgy Penguins: The Best Crypto Coins Changing 2025’s Market Momentum

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Each bull run brings its defining story: Bitcoin’s halving, Ethereum’s DeFi rise, and Solana’s speed innovation. But 2025 could belong to a project that has yet to officially go live, BlockDAG (BDAG). With more than 312,000 wallet holders before its mainnet release, BlockDAG has already surpassed 90% of coins listed on CoinMarketCap, showing one of the strongest pre-launch communities in crypto.

Alongside Shiba Inu (SHIB), Pepe (PEPE), and Pudgy Penguins (PENGU), BDAG is drawing attention for measurable performance rather than hype. Its user growth, strong presale results, and community engagement have positioned it among the best crypto coins, leading into the next market surge. Here’s how these projects, especially BlockDAG, are redefining early success in the blockchain world.

BlockDAG (BDAG): Setting New Standards Before Launch

While many projects struggle for visibility before listing, BlockDAG (BDAG) has already achieved recognition as one of the best crypto coins in 2025. With over 312,000 unique wallet holders, BDAG’s network already outnumbers 90% of the top 200 coins by market capitalization. This growth reflects real adoption rather than short-term speculation.

Currently in Batch 31, BDAG’s presale price stands at $0.0015, having raised over $434 million and sold more than 27.1 billion coins. Its confirmed mainnet launch price of $0.05 indicates a 3,233% potential increase from presale. Supported by a community of 3 million miners and built on a hybrid DAG + Proof-of-Work framework, BlockDAG’s live testnet has already reached 1,400 transactions per second.

Such measurable progress before listing marks a turning point for the market. When a project reaches this scale pre-launch, it moves from “emerging” to “established.” As BlockDAG prepares for its Genesis Day debut, it stands not just as a new player but as one of the best crypto coins shaping the future of blockchain growth and scalability in 2025.

Pudgy Penguins (PENGU): Turning NFTs into Mainstream Brands

The NFT market has witnessed many cycles of excitement, but few collections have adapted like Pudgy Penguins (PENGU). Although weekly NFT sales recently fell 76% to US $3.8 million, large holder accumulation hints at growing confidence among its community. The standout development is Pudgy Penguins’ collaboration with DreamWorks Animation’s Kung Fu Panda, marking a unique crossover between digital collectibles and mainstream media.

Integrating its mascot “Pengu” into a global movie franchise could reshape NFT branding, giving it cultural reach beyond blockchain circles. Analysts expect a potential price breakout above US $0.027 if current momentum holds. For those following the best crypto coins combining art, branding, and innovation, Pudgy Penguins represents a bridge between digital creativity and commercial visibility. The real challenge ahead lies in execution, transforming artistic influence into sustainable mainstream appeal.

Shiba Inu (SHIB): From Meme Fame to Infrastructure Growth

Initially regarded as a meme project, Shiba Inu (SHIB) continues to evolve into a functional ecosystem. While prices stay in a narrow range between $0.000013 and $0.000014, SHIB’s focus has shifted toward building long-term utility through its Layer-2 network, Shibarium. The platform aims to strengthen DeFi infrastructure and enhance scalability within its ecosystem.

Despite a 2,713% surge in burn rates and increasing whale accumulation, SHIB’s next growth phase relies on real-world adoption rather than speculation. For those tracking the best crypto coins of 2025, SHIB’s transformation from meme asset to infrastructure-driven project could define its staying power. Its vast community and active developers continue to position it as a core player in the evolving meme-to-utility movement.

Pepe (PEPE): Social Momentum and Market Volatility Collide

The current meme revival wouldn’t be complete without Pepe (PEPE). Recent trading activity has climbed to US $401 million, supported by whales adding roughly US $2.7 million in holdings. This increase signals renewed optimism in meme coin sectors despite broader market uncertainty.

However, analysts point out that PEPE’s strength depends on momentum rather than practical use, leaving it open to sharp sentiment changes. Growing regulatory attention, alongside an influx of over 13 million meme coins, adds another layer of volatility. Still, for traders chasing fast-moving markets, PEPE remains among the best crypto coins during high-volume phases, symbolizing crypto’s mix of cultural energy and speculative excitement.

Conclusion: BlockDAG Leads the Charge into 2025

Innovation may start trends, but momentum defines success, and BlockDAG (BDAG) embodies both. With 312,000 holders, a presale that has raised over $434 million, and technology built on scalability, speed, and security, BDAG stands as a model for the best crypto coins heading into 2025.

Meanwhile, projects like Pudgy Penguins, Shiba Inu, and Pepe continue to evolve, each reflecting different corners of blockchain culture from NFTs to meme coins to DeFi infrastructure. Yet none match the scale and readiness BlockDAG has demonstrated pre-launch.

Meanwhile, Pudgy Penguins, Shiba Inu, and Pepe each reflect unique narratives within the blockchain world, from NFTs to memes to infrastructure, but none have matched the scale and readiness BlockDAG has achieved before launch. With a record presale, a growing global community, and measurable progress, BDAG’s story continues to unfold as one of 2025’s defining blockchain successes.

BlockDAG, Ethereum, Solana, and BNB: The Top Trending Crypto in 2025 Changing the Market Game

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As the market gains momentum for 2025, many are rethinking their portfolios to find the top trending crypto in 2025 that combines long-term growth, strong utility, and lasting impact. Among the standout names are Binance Coin (BNB), Ethereum (ETH), Solana (SOL), and BlockDAG (BDAG).

BNB dominates through its vast exchange ecosystem, Ethereum maintains its edge with the largest developer base, Solana continues to impress with speed and scalability, while BlockDAG introduces a next-generation architecture. What makes BlockDAG distinct is its limited-time presale, currently priced at $0.0015 in Batch 31.

Having raised $434M+ and sold 27.1B+ coins, BlockDAG places itself among the most notable projects of this cycle. Together, these four names highlight the balance of innovation, accessibility, and performance.

BlockDAG (BDAG): The Game Changer Among Market Leaders

Of all the major projects, BlockDAG (BDAG) is drawing strong attention as the top trending crypto in 2025. Still priced at $0.0015 in its presale, BlockDAG has crossed $434 million raised and sold more than 27.1 billion coins to more than 312,000 holders, showing massive community traction before its mainnet launch. Its hybrid DAG and Proof-of-Work structure supports parallel transaction processing, providing speed comparable to Solana while keeping Bitcoin-level security.

The live Awakening Testnet has already achieved 1,400 transactions per second, proving the system’s efficiency and readiness for real-world use. The X1 mobile miner app, now engaging 3 million users, brings a simple way for anyone to mine BDAG coins daily, creating strong global participation. Adding to its reach, BlockDAG’s sponsorship with the BWT Alpine F1 Team boosts its visibility, linking it to performance and innovation.

Experts project a 3,233% rise if BDAG reaches $0.05, a target supported by its presale growth and planned exchange listings. As the crypto market evolves, BlockDAG stands out not only for its presale success but also for its scalable design, practical mining model, and verified audits, making it a leading name among the top trending crypto in 2025.

Binance Coin (BNB): Stability With Room for Growth

BNB continues to be a major force in the crypto market, trading close to $1,127 with a strong daily trading volume of around $2.5 billion. The coin’s steady movement between $1,120 and $1,130 reflects solid confidence.

Analysts point out that BNB has underperformed compared to the broader market, showing a 0.6% weekly rise against the average 3% sector gain. However, its close ties to the Binance ecosystem, covering exchange services, decentralized products, and Layer-2 development, provide long-term strength.

For those prioritizing stability over speculation, BNB’s tested utility and deflationary framework make it a dependable option among the top trending crypto in 2025. As Binance continues to expand its payment and yield integrations, new catalysts could lift BNB beyond resistance, reaffirming its leadership in exchange-backed assets.

Ethereum (ETH): The Standard for Web3 Advancement

Ethereum (ETH) remains at the heart of decentralized innovation, trading between $3,900 and $4,000 while forming a symmetrical triangle pattern that signals a potential move toward $4,300. After the EIP-4844 upgrade, scalability has improved and gas fees have dropped, while $15 billion in open interest on ETH derivatives highlights strong institutional engagement.

Major financial firms are now developing ETH-based lending products, strengthening Ethereum’s position as the financial backbone of Web3.

Despite short-term resistance, Ethereum continues to be the foundation for smart contracts, decentralized finance, and NFT ecosystems. Its strong reliability, large developer community, and institutional support keep ETH consistently ranked among the top trending cryptos in 2025. If market conditions improve, Ethereum could experience a notable rally, especially as real-world assets continue to transition onto its network.

Solana (SOL): Scalability and Exposure Drive Its Next Step

Solana (SOL) remains a focal point for both retail and institutional participants, trading near $199 with a market capitalization of over $109 billion. Recent developments, such as a 250,000 SOL OTC deal and progress toward a spot Solana ETF in Hong Kong, have boosted optimism. With the ability to process tens of thousands of transactions per second and maintain low fees, Solana continues to lead the race among Layer-1 blockchains.

Its biggest test lies in surpassing the $200 resistance level, where a breakout could confirm renewed momentum. With DeFi activity rising and NFT trade volume recovering, Solana is reasserting its position as a blockchain built for large-scale adoption. For those focused on long-term growth, its ecosystem expansion and ETF potential keep Solana firmly within the top trending crypto in 2025 discussion.

Final Takeaway

The search for the top trending crypto in 2025 centers on projects that merge innovation, liquidity, and strong fundamentals. Binance Coin remains the key player in exchange utility, Ethereum leads with institutional trust, and Solana blends speed with increasing adoption.

But BlockDAG stands out as a project combining scalability, accessible mining, and global reach. Having raised $434M+ and sold 27.1B+ coins, with its presale price still at $0.0015, BDAG continues to gain significant attention.

As Batch 31 of the presale approaches its end, the decision becomes crucial: engage now before the price moves higher, or watch as another major Layer-1 story unfolds. With its technology and expanding network, BlockDAG holds a defining position among the top trending cryptos in 2025.