- Grayscale today launched the first U.S. spot LINK ETF.
- HYPE rally comes after Sonnet shareholders approved merger with Hyperliquid DAT.
- ASTER gains more than 13% through new collaboration with WLFI
Cryptocurrencies rebounded on Tuesday, with the value of all tokens increasing more than 6% to $3.06 trillion.
Bitcoin recovered $90,000 as Ethereum traded above $3,000.
In this article, we evaluate three altcoins that are gaining attention today for various reasons: Chainlink, HYPE, and ASTER.
Grayscale Spot Chainlink ETF Launched
Grayscale today officially launched the first U.S. exchange-traded fund by converting Chainlink Trust into an ETF.
This debut has generated significant anticipation in the cryptocurrency community, as many see Chainlink’s oracle infrastructure as critical for tokenized real-world assets (RWA) and decentralized finance (DeFi).
Commenting on GLINK’s debut, Inkoo Kand, ETF associate at Grayscale, 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 gain exposure to this underlying infrastructure in a familiar ETP wrapper.
Meanwhile, GLINK simplifies institutional access to Chainlink, allowing existing investors to interact with cryptocurrencies without having to handle tokens directly.
LINK reacted positively to the ETF news, trading up more than 12% at $13.32.
HYPE gains 10% after key milestone
HYPE has surged more than 10% in the past 24 hours after Sonnet confirmed a significant structural breakthrough.
According to a press release today, December 2, the company’s shareholders have approved the decision to introduce the Hyperliquid Decentralized Autonomous Treasury (DAT).
Sonnet BioTherapeutics Holdings, Inc. Announces Shareholder Approval of Proposed Business Combination with Hyperliquid Strategies Inchttps://t.co/tzF9O6EgSM $SONN pic.twitter.com/cOT6JSp2ai
— Sonnet Bio (@SonnetBio) December 2, 2025
The plan involves Sonnet merging with Rorschach I LLC to form a combined entity called Hyperliquid Strategies.
Most importantly, the new company plans to raise $1 billion to acquire HYPE.
Large bets indicate solid institutional trust in an altcoin.
HYPE is sitting at $33.03 after rising more than 10% in the last 24 hours.
ASTER rally after WLFI alliance
Aster’s native coin has recorded an impressive price movement, rising over 13% in the last 24 hours.
The upward momentum coincided with a strategic partnership with Donald Trump-affiliated World Liberty Financial.
Aster founder and CEO Leonard announced the partnership at the Fintech and Cryptocurrency Conference in Dubai.
Under this agreement, the decentralized exchange will integrate USD1 of WLFI. This is a measure designed to strengthen the adoption of stablecoins.
The altcoin is trading above the psychological level of $1 after rising more than 13% on the daily price chart.
ASTER is looking for further upside, but lower 24-hour volume highlights weaknesses.
Meanwhile, the broader cryptocurrency market remains on the rise today, recovering from the past few sharp declines.
Bitcoin is up more than 7% on the daily price chart, while Ethereum is up 10%.
The current upward momentum is strengthening as quantitative tightening ends and interest in ETFs resumes.