- Grayscale today launched the first U.S. spot LINK ETF.
- HYPE rallied after Sonnet shareholders approved a merger with Hyperliquid DAT.
- ASTER rose more than 13% following a new partnership with WLFI.
Cryptocurrencies rebounded on Tuesday, with the total market capitalization climbing more than 6% to reach $3.06 trillion.
Bitcoin traded with gains above $3,000 on the day and reclaimed the $90,000 level.
This article reviews three altcoins — Chainlink, HYPE, and ASTER — that remained in the spotlight today for a variety of reasons.
Grayscale’s spot Chainlink ETF goes live
Grayscale officially converted its Chainlink Trust into an ETF today, introducing the first U.S.-listed spot Chainlink exchange-traded product.
The launch has generated strong interest across the crypto community because Chainlink’s oracle infrastructure is widely regarded as crucial for tokenized real-world assets (RWA) and decentralized finance (DeFi).
Commenting on the GLINK debut, Grayscale’s ETF lead Inkoo Kand said that Chainlink’s decentralized oracle network sets the market standard for verifiable data and cross-chain connectivity, forming a foundational layer for tokenization and DeFi across public blockchains. GLINK offers investors a way to gain exposure to that infrastructure through an ETP wrapper.
By simplifying institutional access to Chainlink, GLINK enables traditional investors to gain exposure to the token’s underlying utility without having to hold tokens directly.
LINK reacted positively to the ETF news, rising more than 12% and trading around $13.32.
HYPE jumps after major milestone
HYPE surged more than 10% in the past 24 hours after Sonnet confirmed a significant corporate development.
According to Sonnet’s December 2 press release, shareholders approved a proposed business combination that will merge Sonnet with Rorschach I LLC to form a single corporate entity called Hyperliquid Strategies.
The plan includes raising $1 billion to acquire HYPE, signaling strong institutional confidence in the altcoin.
Following the announcement, HYPE climbed over 10% and was trading near $33.03.
ASTER rallies after WLFI partnership
Aster’s native token also posted an impressive move, gaining more than 13% in the last 24 hours.
The rally coincided with a strategic cooperation announced with World Liberty Financial (WLFI), a group associated with Donald Trump. Aster’s founder and CEO Leonard revealed the partnership during a fintech and crypto conference in Dubai.
Under the agreement, the decentralized exchange plans to integrate WLFI’s USD1 stablecoin to help accelerate stablecoin adoption.
The altcoin rose more than 13% on the daily chart and traded above the $1 psychological level.
While ASTER’s price attention increased, a drop in 24-hour trading volume highlights some underlying weakness.
Across the broader market, crypto assets maintained gains today as they continued to recover from recent sharp declines.
Bitcoin rose more than 7% on the daily chart, while Ethereum gained roughly 10%.
The current momentum has been supported by the end of quantitative tightening and renewed ETF-related inflows, factors that helped lift sentiment and buying activity across major tokens.