Sky
No enriched coverage for $SKY-USD in the last 7 days.
STX had the highest domestic-to-overseas trading share ratio in Korea at 26.9 times, followed by WLD and ONDO. ONDO led the interest index with 1.78% of domestic trading. INJ saw the largest trading surge, with a 13.9% price gain. SHIB had the highest kimchi premium at 0.74%. Data covers 53 assets traded on domestic and overseas exchanges.
Ripple received OCC approval for Ripple National Trust Bank, enabling stablecoin RLUSD and custody services. RLUSD is now live on Coinbase platforms. Kraken's parent, Payward, plans to deploy CFTC-regulated HIP-3 markets on Hyperliquid. BNB Chain announced a new L1 plan with BNB as the sole token. Scroll plans a permissioned network shift. Pump.fun integrated Hyperliquid perpetuals. ENSv2 launched on Ethereum mainnet. Osmosis proposed burning 100M OSMO. Optimism proposed sequencer fee rebates.
Sky Protocol reported Q3 2026 net revenue of $37.19M, up 11.8% from Q2, with a widened margin to 37.5%. Galaxy Digital added $100M of sUSDS to its balance sheet and approved it as collateral. sUSDS supply doubled year-over-year to $4.52B. Moody's assigned its first counterparty risk rating to Sky Protocol. Expenses fell 16.0% quarter-over-quarter to $62.10M. Sky Reserves reached $85.08M, targeting $150M.
Recent SKY-USD coverage spans crypto and technology.
Decreased activity could pressure price lower.
Strong revenue growth and buyback activity signal healthy fundamentals.
Positive read-through for SKY token economics as higher net revenue and reserves support buybacks, staking rewards, and the programmatic burn schedule.
Institutional backing improves credibility and demand.
Institutional adoption signals credibility and may boost demand.
AlphAI scores every news story that mentions SKY-USD with an AI model for sentiment and relevance, and aggregates insider trades from Sky's SEC EDGAR Form 4 filings. Figures refresh continuously.
STX had the highest domestic-to-overseas trading share ratio in Korea at 26.9 times, followed by WLD and ONDO. ONDO led the interest index with 1.78% of domestic trading. INJ saw the largest trading surge, with a 13.9% price gain. SHIB had the highest kimchi premium at 0.74%. Data covers 53 assets traded on domestic and overseas exchanges.
Ripple received OCC approval for Ripple National Trust Bank, enabling stablecoin RLUSD and custody services. RLUSD is now live on Coinbase platforms. Kraken's parent, Payward, plans to deploy CFTC-regulated HIP-3 markets on Hyperliquid. BNB Chain announced a new L1 plan with BNB as the sole token. Scroll plans a permissioned network shift. Pump.fun integrated Hyperliquid perpetuals. ENSv2 launched on Ethereum mainnet. Osmosis proposed burning 100M OSMO. Optimism proposed sequencer fee rebates.
Sky Protocol reported Q3 2026 net revenue of $37.19M, up 11.8% from Q2, with a widened margin to 37.5%. Galaxy Digital added $100M of sUSDS to its balance sheet and approved it as collateral. sUSDS supply doubled year-over-year to $4.52B. Moody's assigned its first counterparty risk rating to Sky Protocol. Expenses fell 16.0% quarter-over-quarter to $62.10M. Sky Reserves reached $85.08M, targeting $150M.
Four altcoins—PUMP, AAVE, WLD, and SKY—posted double-digit gains while most crypto assets declined. AAVE rose 20% due to lending growth and new features, PUMP surged 30% amid token buybacks, and SKY gained 14% on institutional interest. WLD added 15% without a clear catalyst. QNT dropped 7% after a recent rally. Total crypto market cap fell 0.30% last week, per BeInCrypto.
Several altcoins, including Aave (AAVE), Pump.fun (PUMP), Worldcoin (WLD), and Sky (SKY), saw strong weekly gains despite a broader crypto market decline. AAVE rose 20% weekly, partly due to reaching $1 billion in user deposits. PUMP gained 30% with a token supply reduction strategy. SKY advanced 14% amid institutional adoption. WLD rose 15% without a clear catalyst. Quant (QNT) fell 7% on profit-taking.
Aave (AAVE) rose 7% as Aave V4 surpassed $1B in deposits and expanded its offerings. Quant (QNT) fell 7% after a recent surge. Pump.fun (PUMP) gained 30% due to aggressive buybacks, while Sky (SKY) rose 14% following institutional support from Galaxy.
Sky Protocol's token (SKY) surged 6.44% after Galaxy Digital allocated $100 million of Sky's stablecoin (sUSDS) to its treasury and approved it as collateral, according to the company. Galaxy also acquired an undisclosed amount of SKY. The move signals institutional adoption and boosted SKY's price, which was up 7.5% over 24 hours and 16.9% over seven days at publication time.
Ondo Finance, BlackRock (BLK), and Securitize (SECZ) proposed OUSG, a tokenized US Treasuries product, for Sky's Spark Tokenization Grand Prix. OUSG aims to diversify Sky's assets and support its sUSDS stablecoin. The product offers 24/7 liquidity, low fees, and tracks short-term US government securities. Sky's governance will decide if OUSG receives an allocation.
Sky Protocol and Galaxy Digital (GLXY) announced a partnership. Galaxy added $100M of sUSDS to its treasury and approved it as loan collateral. Galaxy is the first public company to hold sUSDS, with a $1.4B average loan book. Sky Protocol is the largest onchain capital allocator with $5.41B in liquidity.
Sky (SKY) surged 4% in 24 hours, driven by bullish research from Standard Chartered, which set a $0.325 price target for 2028, implying 5x upside. The broader crypto market also rose, with altcoins up 2.87%. Increased trading volume and short-term trader activity contributed to the move.
