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Crypto

Hecto WalletOne, Overtake, ItemBay, Sui partner on stablecoin payment PoC

Hecto WalletOne, a blockchain wallet infrastructure company under Hecto Innovation, signed a four-party memorandum of understanding with global Web3 marketplace Overtake, South Korean game item trading platform ItemBay and layer-1 blockchain Sui to conduct a proof of concept for stablecoin payment technology. The companies plan to check operating processes, regulatory response systems, user protection measures and settlement flows in real service environments, ahead of future institutionalisation of stablecoin payments and settlements.

Crypto

Hecto Walletone, Overtake, ItemBay and Sui to pursue stablecoin payment PoC

Hecto Walletone, Overtake, ItemBay and Sui will conduct a proof of concept to apply stablecoin payments to game item transactions. The companies will verify payment infrastructure that uses stablecoin transfers between digital-asset wallets. They plan to review operational processes needed for real services, regulatory response systems, user protection measures and settlement flows. Hecto Walletone will supply Ohi Wallet to ItemBay and provide oversight in line with relevant regulations.

Crypto

Arthur Hayes says HYPE to hit $150 and may overtake Solana

Arthur Hayes set a $150 price target for Hyperliquid\'s HYPE token and said it could overtake Solana before the current bull run ends. He pushed back against talk of a broader crypto downturn, saying high-risk altcoins were still in an uptrend. Hyperliquid has repurchased HYPE with more than $1.16 billion through a buyback program, while Hyperliquid Strategies reported quarterly profit of $152.5 million.