Summary
The crypto market has experienced significant growth, with KuCoin expanding its operations and Hyperliquid reaching $1B in trading volume.
Major Asset Moves
Bitcoin has surpassed $90,000, while other major tokens have also seen significant gains.
Industry Highlights
KuCoin has appointed Sabina Liu as Head of Europe to accelerate MiCA compliance, and Hyperliquid has launched native perpetual trading.
KuCoin Appoints Sabina Liu as Head of Europe
Sabina Liu’s appointment aims to drive KuCoin’s expansion in Europe and ensure compliance with the MiCA regulations.
Hyperliquid Sees $1B in Trading Volume
Hyperliquid’s trading volume has reached $1B, with the silver-USDC market seeing significant activity.
In-Depth Industry Analysis
The convergence of crypto and traditional markets is driving growth, with Hyperliquid’s HIP-3 upgrade allowing for the creation of markets for non-crypto assets.
Lower Interest Rates
Lower interest rates are reducing the cost of borrowing, making it easier for people to invest in crypto and increasing the potential for an extended Bitcoin rally.
Bitcoin’s Price Surge
Bitcoin’s price has surpassed $90,000, with several tailwinds driving the gains, including lower interest rates and the convergence of crypto and traditional markets.