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- Grayscale has launched the first US spot LINK ETF today.<\/li>\n
- HYPE rallies after Sonnet shareholders authorize Hyperliquid DAT\u2019s merger.<\/li>\n
- ASTER gains more than 13% on a new collaboration with WLFI.<\/li>\n<\/ul>\n
Cryptos rebounded on Tuesday as the value of all tokens increased by more than 6% to $3.06 trillion.<\/p>\n
Bitcoin has reclaimed $90,000 as Ethereum trades above $3,000.<\/p>\n
This article evaluates three altcoins, Chainlink, HYPE, and ASTER, that remained in the spotlight today for various reasons.<\/p>\n
Grayscale\u2019s spot Chainlink ETF goes live<\/h2>\n
Grayscale has officially converted its Chainlink Trust to an ETF today<\/a>, introducing the first-ever US exchange-traded fund.<\/p>\n
The debut has met considerable anticipation among the cryptocurrency community as many view Chainlink\u2019s oracle infrastructure as crucial to tokenized real-world assets (RWA) and decentralized finance (DeFi).<\/p>\n
Commenting on GLINK\u2019s debut, Grayscale\u2019s ETF official Inkoo Kand said<\/a>:<\/p>\n
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Chainlink\u2019s decentralized oracle network is setting the market standard for verifiable data and cross-chain connectivity that underpins tokenization and DeFi across public blockchains. With GLINK, investors can gain exposure to this foundational infrastructure in the familiar ETP wrapper.<\/p>\n<\/blockquote>\n
Meanwhile, GLINK will simplify institutional access to Chainlink, allowing traditional investors to interact with crypto without directly handling the token.<\/p>\n
LINK reacted positively to the ETF news, gaining more than 12% to trade at $13.32.<\/p>\n
HYPE gains 10% after key milestone<\/h2>\n
HYPE soared more than 10% over the past 24 hours after Sonnet confirmed a crucial structural breakthrough.<\/p>\n
According to today\u2019s, December 2, press release<\/a>, the company\u2019s shareholders have approved the decision to introduce Hyperliquid Decentralized Autonomous Treasury (DAT).<\/p>\n
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Sonnet BioTherapeutics Holdings, Inc. Announces Stockholder Approval of Proposed Business Combination with Hyperliquid Strategies Inchttps:\/\/t.co\/tzF9O6EgSM<\/a> $SONN<\/a> pic.twitter.com\/cOT6JSp2ai<\/a><\/p>\n
\u2014 Sonnet Bio (@SonnetBio) December 2, 2025<\/a><\/p>\n<\/blockquote>\n
The plan involves Sonnet merging with Rorschach I LLC to form a unified entity called Hyperliquid Strategies.<\/p>\n
Most importantly, the new firm plans to raise $1 billion to buy HYPE.<\/p>\n
The massive bet signals unwavering institutional trust in the altcoin.<\/p>\n
HYPE is hovering at $33.03 after gaining over 10% within the past 24 hours.<\/p>\n
ASTER rallies after WLFI alliance<\/h2>\n
Aster\u2019s native coin also recorded impressive price actions, gaining over 13% within the last 24 hours.<\/p>\n
The upside momentum coincided with a strategic collaboration with Donald Trump-affiliated World Liberty Financial.<\/p>\n
Aster founder and CEO Leonard announced<\/a> the alliance at the fintech and crypto conference in Dubai.<\/p>\n
Under this agreement, the decentralized exchange will integrate WLFI\u2019s USD1 \u2013 a move designed to enrich the stablecoin\u2019s adoption.<\/p>\n
The altcoin is trading above the $1 psychological level after gaining over 13% on its daily price chart.<\/p>\n
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/12\/ASTER-Chart.jpg\")
<\/p>\nASTER eyes further rallies, but declining 24-hour trading volumes highlight weakness.<\/p>\n
Meanwhile, the broader crypto market remained elevated today, recovering from sharp dips in the past few sessions.<\/p>\n
Bitcoin has gained over 7% on its daily price chart, while Ethereum increased by 10%.<\/p>\n
Quantitative tightening ending and renewed ETFs interest<\/a> fuel the current upside momentum.<\/p>\n