PDAXScope: HBAR rebounds, Ripple deal, YZY token debut

HBAR Rebounds as SWIFT Blockchain Trials Boost Bullish Outlook (CoinDesk)

Hedera’s native token HBAR bounced back from around $0.23 to $0.24 following renewed optimism spurred by SWIFT beginning blockchain testing using Hedera’s technology, as reported by CoinDesk. This trial, alongside strong interest from institutional players, is improving confidence in HBAR’s long-term prospects.

Why VivoPower Wants Ripple Shares at a Discount to Its XRP Holdings (Decrypt)

VivoPower, a Nasdaq-listed company, is aiming to purchase $100 million in privately traded Ripple shares to get cheaper exposure to XRP, the cryptocurrency Ripple holds in reserves, as reported by Decrypt. At a valuation of about $19 billion, the deal implies acquiring XRP at an 86% discount – about $0.47 per token – compared to its open-market price. 

Kanye West Launches Token on Solana in Frenzied Debut (Decrypt)

Kanye West surprised fans by launching his own meme coin, YZY, on the Solana blockchain, as reported by Decrypt. The token shot up to a $3 billion market cap within hours of launch before crashing by nearly two-thirds as early buyers sold off.

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