Ripple CEO Garlinghouse Announces 24/7 RLUSD Redemption for BlackRock, VanEck Tokenized Funds

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The post Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut appeared on BitcoinEthereumNews.com. In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE) led the altcoin rally on Thursday as digital assets responded positively to the Federal Reserve’s latest rate cut and project-specific developments. AVAX rocketed 10.1% to $32.59, while HYPE jumped 7.2% to $58.43 in the past 24 hours, according to CoinGecko data.  Other major altcoins followed suit, with Dogecoin (DOGE) advancing 5.4% to $0.27, Solana (SOL) climbing 4.5% to $244 and Cardano (ADA) rising 4.3% to $0.90. (ADA) rising 4.3% to $0.90.  Bitcoin (BTC) maintained its position above $117,000 with a modest 0.3% gain, while Ethereum (ETH) posted a 2.1% increase to $4,588. The rally follows the Fed’s widely anticipated quarter-point rate cut, which lowered the federal funds rate to a range of between 4.25% to 4.50%.  Bitcoin and other major digital assets largely traded flat in the immediate aftermath, as investors had already priced in the highly anticipated Fed call. “While the Fed’s rate cut buoyed broader risk sentiment, AVAX’s outperformance seems driven by Avalanche’s announcement of a $1 billion Digital Asset Treasury plan,” Min Jung, senior analyst at quantitative trading firm Presto, told Decrypt. The Avalanche Foundation is in advanced talks to raise $1 billion via a Nasdaq-listed firm backed by Hivemind and a Dragonfly-sponsored SPAC, with proceeds earmarked for discounted AVAX buybacks, according to the Financial Times. Bitwise also filed paperwork on Monday for an AVAX ETF, utilizing Coinbase to custody the digital assets, which adds to the token’s institutional adoption prospects. Jung noted the rally could “sustain in the near term…

The US’ top derivatives regulator is gearing to open the door to crypto perpetual futures. Speaking on Tuesday at the Milken Institute’s Future of Finance conference