Crypto Tokens Rise Up to 50% Amid Regulatory Clarity and Market Confidence
Several crypto tokens have surged by up to 50% following regulatory developments in the U.S., despite the failure of key legislation. Hyperliquid's HYPE token reached a record $96, while Uniswap’s UNI rose about 40%, Avalanche’s AVAX climbed nearly 47%, Ethena’s ENA increased by around 50%, and Ondo’s ONDO gained roughly 26%. The gains followed the SEC granting a five-year exemption for trading tokenized U.S. stocks onchain, offering clarity to market participants. The rally is concentrated in tokens tied to digital-asset infrastructure rather than smaller cryptocurrencies, distinguishing it from typical altcoin booms. Bitcoin also rose to an eight-month high of over $86,000 amid a broader risk-on shift and rising tech equities following the Fed's rate hike decision last week. Regulators like the SEC and CFTC are moving ahead with pro-crypto initiatives within their existing authority, providing market confidence. Analysts suggest this regulatory clarity is helping to solidify investor sentiment in crypto markets.
Topics: CFTC crypto market movement regulation SEC