Sei Network’s recent selection by Wyoming’s Stable Token Commission as a candidate blockchain for the WYST stablecoin has propelled its price by over 13%, reaching an intraday high of $0.19. Meanwhile, Ethereum is witnessing a rise in strategic reserves, now exceeding 1% of its total supply, with major institutional players like the Ethereum Foundation leading the way. This growing interest in Ethereum is evident as corporations, including Michigan’s state pension plan, allocate significant funds towards it. In contrast, Hedera Hashgraph’s HBAR is facing challenges, with a notable 82% drop in stablecoin supply, leading to a bearish outlook. On a positive note, Momentum’s partnership with Wormhole and OKX aims to enhance liquidity on the Sui network, potentially unlocking billions in cross-chain assets. These developments highlight the dynamic nature of the cryptocurrency landscape, where institutional adoption, market fluctuations, and innovative partnerships are shaping the future of digital assets.

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