Today, crypto is getting interesting. Aster and Hype continue their tug-of-war over crypto DEX dominance, while BTC and XRP remain under pressure from a strong USD. Over the past 24 hours, Aster Crypto jumped closer to 15% to $1.72, while Hype held ground just under $50.
At the same time, BTC USD barely moved at $113K, and XRP USD rose about 2% to $2.86, but they are still considered weak in the current macro backdrop. As people rotate capital, it’s becoming clearer that Aster might be the crypto that overtake dex dominance.
Crypto data from DeFiLlama shows Aster reached $1.4 billion in TVL in under a week, compared to Hype, which achieved $2.3 billion over 12 months. Trading volume? $550 million for Aster and $783 million on Hype crypto. Aster is recording a pretty good number for a few-day-old coin.
(source – HYPE vs ASTER, Defillama)
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While Hype still promotes its 40x leverage options on BTC ▲0.45%, Aster Crypto has carved out its own niche with up to 1001x leverage and more strategic tooling, like hidden order books, or something that whales want so they dont get hunted, and native yield collateral. And yes, Aster goes as far as making a 3000x leverage available on HYPE pair.
By community request, you can now long or short $HYPE with up to 300x leverage on Aster.https://t.co/reoT3Kbxe3
Listing is not an endorsement of the project. Past performance does not guarantee future results. Do not trade assets you are unfamiliar with and do not understand… pic.twitter.com/3AFcrDmlVf
— Aster (@Aster_DEX) September 22, 2025
CoinGlass shows rising open interest on Aster pairs, a sign of growing confidence among high-leverage crypto traders.
(source – ASTER Open Interest, Coinglass)
DISCOVER: AVAX Next after ASTER?
As BTC USD faces $1.5 billion in liquidations this week and XRP USD gains ETF attention with inflows rising 762%, these major assets struggle to excite traders in contrast with DEX narrative coins.
On X, one user put it bluntly:
“CZ blew up FTX just because SBF chirped at him and Do Kwon just because how he acted.”
Whether conspiracy or not, CZ’s YZi Labs backing Aster raises eyebrows. With a few hundred gains since launch and billions in volume, Aster and CZ are on a warpath.
If alt liquidity keeps rotating, expect Aster to push ahead of Hype. As BTC USD and XRP USD face uncertain macro pressure, the real action might just be in the perps, where Aster is rapidly becoming the one to watch.
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No. 1 in perp DEX trading volume during the past 24 hours with over $11+ billion on Aster.
ASTER MODE. pic.twitter.com/gjPAtE7AJF
— Aster (@Aster_DEX) September 23, 2025
When hearing HEMI, and especially when it has been put together with Binance crypto backing, people just need to pay attention. Binance has stepped up its game, launching HEMI, a modular Layer‑2 crypto blockchain project designed to merge Bitcoin’s security with Ethereum’s programmability.
(source – Hemi TL;DR, HEMI)
According to DefiLlama, press releases, X chatter, and data portals like CoinGecko, there is reason to believe HEMI might be one of the more serious Layer‑2 and/or Bitcoin‑DeFi crypto plays.
(source – CoinGecko)
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Read the full story here.
The crypto market plunged sharply over the past 24 hours, leaving traders rattled and sparking a wave of FUD across X and Telegram communities. Bitcoin tumbled to $112K, wiping out more than $1.8Bn in leveraged positions, while Ethereum and major altcoins like Solana and XRP experienced even deeper losses.
This sudden sell-off pushed the Crypto Fear & Greed Index into “fear” territory, erasing much of the gains from last week. But while retail traders are panic-selling, whales and institutional players are already positioning for the next move, shifting into high-yield opportunities like the new presale to buy that’s offering 958% APY staking rewards ahead of Uptober.
Read the full story here.
AgriFORCE Growing Systems is rebranding as AVAX One, a branch of Avalanche Crypto, and shifting into Web3, aiming to raise $550 Mn for an Avalanche-focused treasury. The plan calls for building a $700 Mn AVAX position while tying fintech operations into the blockchain.
What the hell happened? Why is 
AVAX ▲12.05% blowing up?
AVAX is getting mainstream adoption, with Tradfi, Governments and giant corporations all wanting to launch their own layer 1 for various reasons, like for tokenizing real-world assets, stablecoins. Avalanche, according to its users, is the only platform that allows them to do this and people are slowly figuring it out so the FOMO keeps growing.
“Avalanche has stayed locked on on-chain finance and forged world-class partnerships,” said Hivemind founder Matt Zhang.
Read the full story here.
The post Latest Crypto Market News Today, September 23: HYPE vs ASTER Continue with 3000X Crypto Leverage | BTC, ETH, XRP Weak Against USD appeared first on 99Bitcoins.
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