Green shoots across crypto markets today, with Cardano's native token leading among the majors. ADA gained 14% throughout the day, though it only bounced back to mid-June levels and is still down roughly 50% year-to-date.
Hyperliquid (HYPE) and Zcash (ZEC), which have both been in investor attention over the past months, were up 6%-7% in the session, while Worldcoin (WLD), the iris-scanning blockchain project co-founded by OpenAI CEO Sam Altman, was 8% higher.
Bitcoin was holding above $62,000, up 0.8% over the past 24 hours, while the broad-market CoinDesk 20 Index advanced 1.7% during the same period, suggesting altcoin outperformance nears the weekend.
Circle (CRCL) perpetual futures on Hyperliquid rose 3% Friday as a report sparked skepticism about newly-announced rival stablecoin offering Open USD's impressive consortium that listed over 140 firms including giants like Stripe, Mastercard, BlackRock as launch partners.
South Korea-based news outlet reported earlier today that several local firms such as Samsung denied any official consultations with Open Standard and their role in it.
Circle plummeted 17% on Tuesday when Open USD was unveiled, drawing investor concerns about threat to USDC and the firm's business model.
While U.S. stock markets are closed today, blockchain derivative markets trade around-the-clock, allowing price discovery during weekends and holidays.
With U.S. markets closed for the Independence Day holiday, investors are looking overseas for clues on risk sentiment and the picture is broadly calm heading into the weekend.
European equities are edging higher, with London's FTSE 100 up 0.1% and Germany's DAX gaining 0.7%.
Canada's benchmark S&P/TSX Composite climbed about 1% in morning trading, hovering just below a record high.
A check on commodities shows gold and silver continue to bounce from recent lows, rising 1% and 2.1%, respectively.
Meanwhile, crude oil is holding below $70 a barrel after giving back all of its advance from the Iran war that erupted at the end of February. Oil is now down more than 40% from this year's panic-driven peak.
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