Grayscale today launched its first U.S. spot LINK ETF. HYPE rebounds after Sonnet shareholders approve Hyperliquid DAT merger. ASTER gained more than 13% from its new partnership with WLFI.
The cryptocurrency rebounded on Tuesday, with the value of all tokens increasing by more than 6% to $3.06 trillion.
Bitcoin regained $90,000 while Ethereum traded above $3,000.
In this article, we will evaluate three altcoins that are still gaining attention today for various reasons: Chainlink, HYPE, and ASTER.
Grayscale Spot Chainlink ETF begins operations
Grayscale today officially converted Chainlink Trust into an ETF, introducing the first-ever U.S. exchange-traded fund.
This debut met with considerable anticipation among the cryptocurrency community, as many consider Chainlink’s oracle infrastructure to be important for tokenized real-world assets (RWA) and decentralized finance (DeFi).
Commenting on GLINK’s debut, Grayscale ETF official Inku Khand said:
Chainlink’s decentralized oracle network is setting the market standard for verifiable data and cross-chain connectivity that powers tokenization and DeFi across public blockchains. GLINK allows investors to take advantage of this basic infrastructure in a familiar ETP wrapper.
Meanwhile, GLINK will simplify access to Chainlink for institutional investors, allowing traditional investors to interact with cryptocurrencies without directly handling the tokens.
LINK reacted positively to the ETF news, rising over 12% to trade at $13.32.
HYPE increases by 10% after key milestones
HYPE surged more than 10% in the past 24 hours after Sonet confirmed significant structural progress.
According to a press release today, December 2nd, the company’s shareholders have approved the decision to implement Hyperliquid Decentralized Autonomous Treasury (DAT).
Sonnet BioTherapeutics Holdings, Inc. Announces Stockholder Approval of Proposed Business Combination with Hyperliquid Strategies Inc. https://t.co/tzF9O6EgSM $SONN pic.twitter.com/cOT6JSp2ai
— SonnetBio (@SonnetBio) December 2, 2025
The plan includes Sonet merging with Rorschach I LLC to form a combined entity called Hyperliquid Strategies.
Most importantly, the new company plans to raise $1 billion for the HYPE acquisition.
This huge bet shows the unwavering confidence of institutional investors in altcoins.
HYPE is trading at $33.03 after rising over 10% in the past 24 hours.
ASTER gathers after WLFI partnership
Aster’s native coin also recorded an impressive price movement, rising over 13% in the past 24 hours.
This upward momentum coincided with a strategic partnership with Donald Trump’s World Liberty Financial.
Aster founder and CEO Leonard announced the partnership at a fintech and crypto conference in Dubai.
Under the agreement, the decentralized exchange will integrate WLFI’s USD1, a move aimed at increasing the adoption of stablecoins.
The altcoin is trading above the psychological level of $1 after rising over 13% on the daily price chart.
ASTER is eyeing further upside, but the decline in 24-hour trading volume highlights weakness.
Meanwhile, the overall crypto market continued to rise today, recovering from the sharp declines of the past few sessions.
Bitcoin rose more than 7% on the daily price chart, while Ethereum rose 10%.
The end of quantitative tightening and updates to ETF rates are fueling the current upward momentum.
