- Grayscale has launched the first U.S. spot Chainlink (LINK) ETF today.
- HYPE rises after Sonnet shareholders approve the Hyperliquid DAT merger.
- ASTER jumps more than 13% following a new partnership with WLFI.
Cryptocurrencies rebounded on Tuesday as the total market capitalization climbed more than 6% to $3.06 trillion.
Bitcoin reclaimed the $90,000 level while Ethereum is trading above $3,000.
This article reviews three altcoins — Chainlink, HYPE, and ASTER — that remain in the spotlight for several reasons.
Grayscale’s spot-Chainlink ETF debuts
Grayscale has officially converted its Chainlink Trust into an ETF today, introducing the first U.S.-listed spot Chainlink exchange-traded product (ETP).
The debut has generated significant anticipation in the crypto community, as many view Chainlink’s oracle infrastructure as essential for tokenized real-world assets (RWA) and cross-chain decentralized finance (DeFi).
Commenting on GLINK’s launch, a Grayscale ETF official said:
Chainlink’s decentralized oracle network sets the market standard for verifiable data and cross-chain connectivity that underpins tokenization and DeFi across public blockchains. GLINK enables investors to gain exposure to this foundational infrastructure in a familiar ETP wrapper.
At the same time, GLINK simplifies institutional access to Chainlink by allowing traditional investors to interact with the exposure without handling the token directly.
LINK reacted positively to the ETF news, rising more than 12% and trading around $13.32.
HYPE jumps after major milestone
HYPE climbed over 10% in the past 24 hours after Sonnet confirmed a pivotal corporate restructuring.
In a December 2 press release, the company said shareholders approved a proposal to implement a hyper-liquid Decentralized Autonomous Treasury (DAT) as part of a business combination.
Sonnet BioTherapeutics Holdings, Inc. Announces Stockholder Approval of Proposed Business Combination with Hyperliquid Strategies Inchttps://t.co/tzF9O6EgSM $SONN pic.twitter.com/cOT6JSp2ai
— Sonnet Bio (@SonnetBio) December 2, 2025
The plan calls for Sonnet to merge with Rorschach I LLC to form a unified entity named Hyperliquid Strategies.
Crucially, the new company intends to raise $1 billion to acquire HYPE tokens.
That sizable commitment signals strong institutional confidence in the altcoin.
HYPE is trading near $33.03 after the more-than-10% jump over 24 hours.
ASTER surges after WLFI alliance
Aster’s token also saw notable gains, rising more than 13% over the past 24 hours.
The rally coincided with a strategic partnership announced with World Liberty Financial (WLFI), an organization reportedly linked to prominent political figures.
Aster’s founder and CEO, Leonard, revealed the alliance at a fintech and crypto conference in Dubai.
Under the agreement, the decentralized exchange will integrate WLFI’s USD1 stablecoin initiative — a move designed to enhance stablecoin adoption and on-ramps.
The altcoin is trading above the psychological $1 level after advancing more than 13% in daily price action.
ASTER is eyeing further upside, although falling 24‑hour trading volumes highlight some underlying weakness.
Meanwhile, the broader crypto market remained elevated today, recovering from recent steep declines.
Bitcoin climbed more than 7% on its daily chart, while Ethereum rose about 10%.
Factors behind the current momentum include easing quantitative tightening, macro developments, and renewed enthusiasm around ETFs and related regulatory clarity, which have supported demand across major tokens and selected altcoins.