Major Crypto Developments That Shook the Market Yesterday

Crypto Breakthroughs

The cryptocurrency world experienced several significant developments yesterday that caught investors’ attention across different segments of the digital asset space.

Hyperliquid Hypurr NFTs are live!

The most fascinating news was that one of Hyperliquid’s earliest adopters ended up having a huge gain yesterday after selling their airdropped Hypurr NFT for a whopping $467,000. The #21 NFT was endowed with ultra-rare traits like “Knight Ghost Armor” and “Knight Helm Ghost” and is thus in high demand among collectors. The sale demonstrated how some blockchain projects continue to reward their earliest joiners with rich airdrops. The Hyper Foundation rewarded these highly anticipated NFTs to subscribers who had been backing the platform since its launch, instantly creating wealth for some lucky holders.

Renowned Investor Highlights Hyperliquid as the Next Solana

Another piece of news related to Hyperliquid came when ARK Invest CEO Cathie Wood during a podcast said that the protocol reminded her of Solana during its initial stages and referred to it as “the new kid on the block.” She further added that it is reminiscent of Solana’s good start before becoming one of the crypto’s big players. Her statements come in the wake of heightened competition among decentralized exchanges focused on perpetual futures trading, with players such as Aster releasing tokens in recent periods and vying with veterans in the market.

Singapore and UAE Lead Global Crypto Adoption

Another very fascinating bit of news that caught the readers’ eye was an ApeX Protocol report, which unveiled the nations that welcomed cryptocurrency with the most vigour. Singapore led the list with a score of 100, with 24.4% of its citizens owning crypto. Singapore also led the globe in online searches for crypto, with 2,000 searches per 100,000 people. The United Arab Emirates stood second at a score of 99.7. It leads the world in crypto adoption, with 25.3 percent of its population owning digital currency.

Telegram Faced Political Pressure Over Content

But everything wasn’t completely rosy in the world of news. Telegram co-founder Pavel Durov revealed some disheartening information. According to him, French authorities had approached him to censor political content related to Moldova’s elections on his messaging platform. The officials, Durov claimed, promised that they would speak favourably with the judge hearing his court case in France if he listened to them. Durov had resisted their demand, highlighting the ongoing battle between tech platforms and government officials over who owns content and has control over freedom of speech.

This information wraps up our crypto update. Do check back tomorrow, and follow Coin Medium on social media for the latest in crypto news.

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Ritu Gupta

I am a journalist with over 17 years of experience, and I love crafting insightful content on topics ranging from cryptocurrency and sustainable development to renewable energy, commodity markets, and shipping issues. I bring both strategic thinking and a deep commitment to impactful storytelling. Outside the newsroom, I’m a proud mom of two, an avid traveler, and a passionate foodie who loves trying new cuisines. I thrive on making new friends and engaging in lively conversations. Whether I’m writing a feature or sharing stories over a meal, I bring curiosity, warmth, and clarity to everything I do.
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