Hypeliquid’s Builder Deployed Perpetuals or HIP-3, which allows anyone who stakes 500K of HYPE create a perpetual futures market, has hit an all-time high in open interest.
The crypto market news today remains bullish as majors reach recovery and many projects reach milestones. This includes DeepSnitch AI, which raised $1.35M in presale, riding the hype centered on its AI prediction and analytics suite.
Deploying five AI agents, DeepSnitch AI allows traders to approach day-to-day trades in a data-informed fashion instead of chasing their gut feeling. In addition to predicting sentiment shifts and FUD, the platform simplifies DYOR through its LLM-style interface.
New milestone for Hyperliquid
On January 26, Hyperliquid’s permissionless market framework, HIP-3, reached a record $790M in open interest, a nearly 300% increase from $260 million just last month. This rapid adoption is likely fueled by a surge in commodities trading, specifically as gold breaches the historic $5K mark.
Launched in mid-October, HIP-3 allows builders to deploy perpetual futures for any asset with a price feed, provided they stake 500K HYPE.
The protocol has already amassed $25 billion in total volume since launch, dominated by Hyperunit’s TradeXYZ platform. TradeXYZ currently accounts for $22 billion of that activity, led by its XYZ100 index, silver, and Nvidia markets.
Overall, the development illustrates that the on-chain derivatives sector is entering maturity as many traders rotate into derivatives in favor of traditional crypto.
Meanwhile, the crypto market news today sparked bullish sentiment in the market, with many traders finally feeling comfortable to explore new coins and expand their portfolios.
Altcoins to watch in late January
1. DeepSnitch AI: Will DSNT reach 100x?
The latest crypto market news today, highlighting a broader recovery, is a good sign for newer projects. DeepSnitch AI, for instance, raised $1.35M, and the bullish sentiment has sparked a massive uptick in attention and allocations.
While the price of $0.03681 is certainly one of the reasons why DeepSnitch AI is in today’s crypto headlines, most traders are actually hyped up about the utility. Powered by five AI agents, DeepSnitch AI is designed to simplify DYOR through a straightforward ChatGPT-style interface.
Despite the overall power of the solution, the workflow is straightforward: paste the CA and receive a detailed risk assessment.
Not only is the tech capable of spotting breakout setups while simultaneously flagging common risks like rug pulls, honeypots, and liquidity traps. Moreover, it can predict sentiment shifts and FUD storms before they turn the ticker into a catastrophe.
When you bring all these pieces together, from affordability to its AI appeal, to development progress (the solution is nearly ready), it’s no surprise the community is betting on 100x returns after the long-awaited DeepSnitch AI presale launch.
2. Chainlink: What happens next for LINK?
According to CoinMarketCap, LINK hovered around $11.90 on January 27.
With market-wide updates noting an uptick in accumulation, there’s a strong chance that LINK will be able to shake out of its deadlock. The crypto market news today also mentioned that Chainlink has joined the Global Alliance for KRW Stablecoins, which could provide LINK with some extra push.
If LINK defends $11.80, it sets the stage for a continuation. If it fails, the pullback to $11.40 is very likely.
A clean rebound above $12.00 will put a target on the $13.60 resistance, and if the push extends above $14.50, the test of the $15.50 will be possible.
3. Monero: Is XMR extending its run?
XMR traded in the $472 zone on January 27, according to CoinMarketCap.
Buyers held off against short-term utility, as the crypto market news today mentioned a market-wide recovery.
XMR is targeting immediate zones above $500, and if the push continues, the liquidity clusters at around $560 will be the next target.
This narrative will remain strong as long as XMR defends the $411.5 support level. Losing this floor could lead to a massive pullback.
Final words: Take off like a whale
With bearish momentum somewhat dissipating as the crypto market news today is leaning more bullish, you can either stay with major coins and wait for a full-on recovery or go for something new.
The most exciting narrative in late January could be DeepSnitch AI. Having raised $1.35M, the project is attracting attention for its unique blend of AI-powered utility and strong community conviction.
While gains at the price of $0.03681 are very likely, the latest bonuses make the matter a lot more lucrative for traders.
For example, applying the DSNTVIP30 (30% on $2K+) gives you $600 extra at the current price, DSNTVIP150 (150% on $10K+) unlocks $15K more tokens, while DSNTVIP300 (300% bonus on $30K+) yields $90K worth of DSNT.
Take off whale-style in the DeepSnitch AI presale and plug into X or Telegram to get the latest updates.
FAQs
1. What is the most important crypto market news today in derivatives?
Hyperliquid’s HIP-3 framework reached an all-time high of $790M in open interest. This 300% monthly surge is driven by permissionless perpetual futures trading, particularly in commodities like gold and silver.
2. Is Chainlink (LINK) expected to enter a bull run soon?
According to crypto market news today, LINK is showing signs of a breakout after joining the Global Alliance for KRW Stablecoins. If it clears $12.00, analysts target resistance levels at $13.60 and $15.50.
3. How can I participate in the DeepSnitch AI (DSNT) whale rotation?
Investors are securing allocations using high-value bonus codes. DSNTVIP300 offers a 300% bonus on $30K+ buys, while DSNTVIP150 provides 150% extra for $10K+ investments.
