Altcoin Frenzy: Humanity and Clanker Skyrocket 100%+ as Crypto Market Roars Back

 

Global Crypto Market Update: Trump’s CFTC Nomination and Cooling U.S. Inflation Data Shake Investor Sentiment

Global crypto markets edged higher on Thursday as investors digested a mix of political and economic developments, including former U.S. President Donald Trump’s latest regulatory nomination and newly released U.S. inflation data signaling cooling prices.

Global Market Overview

The total cryptocurrency market capitalization rose modestly to $3.83 trillion, marking a 0.6% increase over the past 24 hours. Trading volume reached $142 billion, as investors showed renewed interest following the CPI report.

Bitcoin (BTC) continues to dominate the market with a 57.8% share, while Ethereum (ETH) maintains a 12.4% dominance. As of today, 19,320 cryptocurrencies are being tracked across global exchanges, reflecting the expanding yet volatile nature of the sector.

Despite a quiet day on the events calendar, the market’s reaction to macroeconomic news remained strong, with several top tokens posting double-digit gains.

Bitcoin and Ethereum Price Update

Bitcoin (BTC) is currently priced at $111,214, registering a 0.8% gain in the last 24 hours. The asset’s trading volume topped $46 billion, while its market capitalization reached $2.2 trillion. Analysts say this reflects investors’ cautious optimism amid growing expectations of U.S. interest rate cuts in 2025.

Ethereum (ETH) also moved higher, trading at $3,935.32, up 1.9% from the previous session. With a $475 billion market cap and a $30 billion trading volume, Ethereum remains the second-largest cryptocurrency by market capitalization, driven by increased network activity and institutional adoption.

Top 5 Trending Cryptocurrencies

Market volatility continues to create opportunities for short-term traders. The top-performing and most-discussed coins today include:

1. Humanity (H) – Soaring 101.3% to $0.3361, with trading volume at $373 million. The token’s surge follows community-led staking and governance updates.

2. Virtuals Protocol (VIRTUAL) – Up 28% to $1.01, with a robust $484 million in trading volume. Analysts attribute the rise to new partnership announcements in metaverse applications.

3. Meteora (MET) – Down 2.1% at $0.5481, despite high interest, as traders take profit following recent airdrop hype.

4. Clanker (CLANKER) – Surging 119% to $87.76 with $123 million in volume. Its sudden rally stems from social media-driven trading.

5. ChainOpera AI (COAI) – Rising 49.2% to $21.31 with $225 million in trading volume, bolstered by its new AI-driven analytics suite for DeFi protocols.

Top Gainers and Losers

Top Gainers:

• BabyBoomToken (BBT) climbed 116.2% to $0.26, with a modest $173,000 volume, suggesting retail-driven momentum.

• Clanker (CLANKER) gained 107.1%, reaching $84.01 with $123 million volume.

• Humanity (H) rose 96.5%, trading at $0.3346 with $374 million volume.

Top Losers:

• Figure Heloc (FIGR_HELOC) fell 50% to $0.5045, with $15 million in trading activity.

• Apro (AT) dropped 41.4% to $0.4126, following profit-taking after last week’s rally.

• 4 (FOUR) declined 34% to $0.09514, with $55 million in volume.

Analysts say the sharp contrast between gainers and losers highlights continued speculative behavior, particularly among low-cap tokens.

Stablecoins and DeFi Market Snapshot

The stablecoin sector maintains a $312 billion market cap with $105 billion in daily trading volume, reflecting 0.1% growth. Stablecoins remain a critical component of liquidity across centralized and decentralized exchanges.

Meanwhile, the DeFi market posted solid gains. Total DeFi capitalization climbed to $141 billion, up 2.1%, with a $7.5 billion trading volume. DeFi’s dominance now stands at 3.7%, bolstered by new liquidity pools and protocol incentives.

Investor Sentiment: Fear and Greed Index Improves

The Bitcoin Fear and Greed Index rose to 37 (“Fear”), up from 30 yesterday and 23 last week. The improvement suggests a gradual return of investor confidence after weeks of uncertainty.

Source: Alternative Me

Analysts believe the stabilization reflects both cooling inflation data and renewed optimism about potential Federal Reserve interest rate cuts. Reduced volatility and an uptick in buying interest indicate a maturing response to macroeconomic fluctuations.

Breaking News: Trump’s CFTC Nomination

In a surprise announcement, Donald Trump, the Republican frontrunner for the 2026 election, confirmed plans to nominate Michael Selig as the next Chair of the Commodity Futures Trading Commission (CFTC).

Selig, currently Chief Legal Counsel for the SEC’s Special Task Force on Crypto, has long advocated for regulatory clarity in digital assets. His nomination will require Senate confirmation, but crypto industry stakeholders already view it as a potential turning point for market oversight.

If confirmed, Selig’s leadership could signal a more crypto-friendly regulatory environment, particularly for decentralized finance (DeFi) and stablecoin innovation in the U.S.

Tether Announces New U.S. Dollar Stablecoin

Tether CEO Paolo Ardoino revealed that the company expects to generate $15 billion in net profit this year, maintaining a 99% margin. Tether also announced plans to launch a new stablecoin — USAT — under the GENIUS Act, expected to debut in December 2025.

The company’s ambitious target of 100 million U.S. users underscores its vision to expand beyond crypto exchanges and enter mainstream digital payments, including social and content platforms.

Binance Introduces Wallet x402 and ASTER Buyback Plan

Binance Wallet unveiled its new x402 list, a protocol designed in collaboration with Coinbase and other partners. The x402 enables seamless micropayments across the web without requiring traditional accounts, API keys, or subscription models.

In a separate update, Binance-backed ASTER, a Hyperliquid rival, confirmed that 70–80% of its Season 3 fee revenue will be allocated to token buybacks. The final figure will depend on market performance and will be disclosed after the season concludes.

The ASTER team also hinted at future airdrops and a possible Binance listing, further fueling market anticipation.

U.S. Inflation Data: CPI Cools to 3.0%

The latest U.S. Consumer Price Index (CPI) data showed inflation rising 3.0% year-over-year, slightly below expectations of 3.1%. Core CPI, which excludes food and energy, also came in at 3.0%, suggesting inflation pressures are easing.

Monthly, CPI rose 0.3%, while Core CPI increased 0.2%. The White House later announced that no inflation report will be released next month, citing data review processes — a decision that adds new uncertainty ahead of the Federal Reserve’s December policy meeting.

Economists say the data strengthens the case for monetary easing in early 2025, as inflation shows signs of stabilization.

Coinbase’s Base Network Token Rumor

JPMorgan released a report speculating that Coinbase could significantly boost its revenue by launching a Base Network token. The potential valuation of this token is projected between $12–34 billion, with Coinbase holding up to 40% ownership, representing $4–12 billion in value.

This could become a major new revenue stream for Coinbase, complementing its estimated $400 million annual income from USDC reserves.

Market Outlook

As the global crypto market steadies near $3.8 trillion, analysts see cautious optimism ahead. The mix of cooling inflation, potential rate cuts, and regulatory developments under a possible Trump administration could shape the next growth phase for digital assets.

However, uncertainty remains high. Rising energy prices, trade tariffs, and slow job growth continue to weigh on sentiment. Experts believe that sustained growth will depend on global liquidity conditions and investor appetite for risk assets in early 2026.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.