- Grayscale launched the first spot LINK ETF in the United States today.
- HYPE rises after Sonnet shareholders approve the merger with Hyperliquid DAT.
- ASTER jumps more than 13% following a new partnership with WLFI.
Cryptocurrencies recovered on Tuesday, with the combined market value of all tokens rising more than 6% to reach $3.06 trillion.
Bitcoin reclaimed $90,000 while Ethereum is trading above $3,000.
This article reviews three altcoins—Chainlink, HYPE and ASTER—that were in the spotlight today for different reasons.
Grayscale’s Spot Chainlink ETF Goes Live
Grayscale officially converted its Chainlink Trust into an ETF today, launching the first spot Chainlink exchange-traded product in the United States.
The debut generated strong interest within the crypto community, as many view Chainlink’s oracle infrastructure as a critical component for real-world asset tokenization (RWA) and decentralized finance (DeFi).
Commenting on the GLINK launch, Grayscale’s ETF executive Inkoo Kand said:
The Chainlink decentralized oracle network is setting the market standard for verifiable data and cross-chain connectivity that supports tokenization and DeFi across public blockchains. With GLINK, investors can gain exposure to this essential infrastructure within a familiar ETP wrapper.
GLINK should simplify institutional access to Chainlink, enabling traditional investors to gain exposure without directly managing the token.
LINK reacted positively to the ETF news, rising more than 12% to trade at $13.32.
HYPE Climbs 10% After Key Milestone
HYPE rose over 10% in the last 24 hours after Sonnet confirmed a major structural milestone.
According to Sonnet’s press release today, December 2, shareholders approved a plan to introduce the Hyperliquid Decentralized Autonomous Treasury (DAT).
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 merging Sonnet with Rorschach I LLC to form a unified entity called Hyperliquid Strategies.
Importantly, the new company intends to raise $1 billion to acquire HYPE.
That large commitment indicates substantial institutional confidence in the altcoin.
HYPE is trading around $33.03 after gaining more than 10% in the past day.
ASTER Rallies After WLFI Partnership
ASTER’s native token also posted notable gains, rising more than 13% over the last 24 hours.
The bullish momentum coincided with a strategic partnership with World Liberty Financial (WLFI), an entity affiliated with Donald Trump.
Leonard, Aster’s founder and CEO, announced the alliance during a fintech and crypto conference in Dubai.
Under the agreement, the decentralized exchange will integrate WLFI’s USD1 stablecoin—a move intended to boost stablecoin adoption on the platform.
The altcoin is trading above the psychological $1 level after the daily price increase.
ASTER shows additional upside, though a drop in 24-hour trading volume highlights some underlying weakness.
Meanwhile, the broader crypto market stayed bid today as it recovers from recent sharp declines.
Bitcoin gained more than 7% on its daily chart, while Ethereum rose about 10%.
The end of quantitative tightening and renewed ETF interest are fueling the current upward momentum.