Haedal Protocol Jumps 25% After Bithumb Listing
By: bitcoin ethereum news|2025/05/02 18:00:01
0
Share
Key Notes HAEDAL surged over 25% after its Bithumb listing, nearly reclaiming its all-time high of $0.1744. Built on the Sui, Haedal Protocol offers liquid staking with governance, reward boosting, and more. Open interest in HAEDAL futures jumped 128% in 24 hours, signaling strong momentum. The HAEDAL token has surged by over 25% in the past 24 hours following the news of its listing on Bithumb, one of South Korea’s largest crypto exchanges. Trading at $0.1602 after hitting an intraday high of $0.1742, HAEDAL came within a hair’s breadth of its all-time high of $0.1744 set just three days ago, CoinMarketCap data shows that the market cap has now touched $31.16 million, signaling renewed investor interest following a volatile debut just days ago. Bithumb Listing Resulted in HAEDAL Surge The rally comes on the heels of Bithumb’s announcement that it would begin supporting a KRW trading pair for HAEDAL starting at 6:00 PM KST on May 2, 2025. Bithumb, the second largest exchange in South Korea, will list Haedal Protocol (HAEDAL) for Korean won trading pairs. Trading will start at 6:00 pm local time on Friday, May 2. Haedal is a liquidity staking protocol based on Sui. https://t.co/c2IgqIIh4A — Wu Blockchain (@WuBlockchain) May 2, 2025 This marks yet another major exchange listing for the token, following Binance Alpha, Bybit, KuCoin, and MEXC earlier this week. These listings arrived in rapid succession after HAEDAL’s mainnet launch and token generation event on April 29, when the project also distributed 5% of its 1 billion token supply via an airdrop. The Bithumb catalyst also sparked a sharp uptick in derivatives trading. Data from CoinGlass shows HAEDAL’s open interest in futures skyrocketed 128% in 24 hours to over $40 million. Moreover, the funding rate held steady at 0.0050%, which is a sign of balanced long and short positions and growing institutional interest. But What Is HAEDAL? HAEDAL is the governance and utility token of the Haedal Protocol, a next-generation liquid staking platform built on the Sui blockchain. haello otters, $HAEDAL will be listed on @BithumbOfficial ! https://t.co/MsHxX5QVa9 pic.twitter.com/bk5nMQjSYi — Haedal (@HaedalProtocol) May 2, 2025 Through its staking mechanism, users can deposit SUI or WAL tokens into the Haedal ecosystem and receive haSUI or haWAL — yield-bearing, liquid staking tokens that remain usable across DeFi applications. This allows users to earn validator rewards while maintaining liquidity, a key innovation for Sui-based staking. Users who stake HAEDAL tokens into veHAEDAL receive governance rights, boosted farming rewards, and a share of staking revenues. Bithumb Targeted by South Korea’s FTC The timing of the Bithumb listing is notable, especially as the exchange was recently designated a public disclosure target by South Korea’s Fair Trade Commission. Moreover, the firm was also classified as a conglomerate on May 1st. The move classifies Bithumb as a large-scale enterprise, indicating its rapid growth due to a surge in virtual asset trading. The regulatory acknowledgment adds legitimacy to the exchange and, by extension, to new tokens it chooses to list. However, the exchange is now also subject to stricter laws and compliance when it comes to listing tokens. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books. Parth Dubey on LinkedIn Source: https://www.coinspeaker.com/bithumb-listing-25-percent-gains-haedal-protocol/
You may also like

Morning News | Hyperliquid launches off-chain event prediction market contracts; Strategy completes $1.5 billion debt buyback; Kelp DAO announces rsETH has fully recovered
Overview of Important Market Events on May 26

Bankless Founder: Why I Sold All My ETH
We have come a long way, and Ethereum has already achieved its deserved maximum potential market value.

Senior Public Company Financial Audit: Taking Hashkey as an Example, Discussing Which Account to Include for Exchange Issued Platform Tokens?
In-depth analysis of Hashkey's IPO financial report: the platform token HSK is cleverly classified by the official as "contract liabilities" to smooth profits, and the expectation of up to 95% "dead coins" reveals a significant misalignment between the company's compliance logic and investors' specu...

How did Micron win a trillion-dollar market value while Samsung relies on technology cycles and Hynix relies on HBM?
Chip giant Micron Technology's total market value has surpassed $100 billion. It has navigated multiple rounds of industry reshuffling by controlling manufacturing costs and is currently facing a new cycle of competition in the high-end HBM segment, mid-to-low-end market competition, and adjustments...

Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement
Committed to becoming the "Stripe" of the AI payment era.

2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique
Former WSB trader Serenity has achieved a staggering 225 times return on the X platform over two years, with their original "supply chain bottleneck" theory and several classic micro-cap reverse sniper case studies attracting strong market attention.

B.AI partners with BNB Chain to launch the "Billion AI Token Subsidy" celebration, fully igniting the on-chain intelligent agent ecosystem
B.AI partners with BNB Chain to launch a hundred billion points subsidy program, with an additional special incentive of 8,000 USDT in the total prize pool, helping Web3 players access top large models with zero barriers and experience a full-stack AI financial foundation.

The trillion-dollar frenzy of selling memory, profits from buying memory are halved
The demand for computing power and storage by AI may indeed be structural, and LTA may have truly rewritten the industry rules; a trillion-dollar market value may just be the starting point.

Who can make money in the era of Agents?
The next billion users will be Agents, but the crypto world has not yet found their wallets.

From brokerages to banks, Hong Kong intensifies efforts to clean up cross-border investment account openings
Where there is a large market demand, there will be opportunities in Hong Kong.

DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code
April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.

Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold
Overview of Important Market Events on May 25

Insiders betting on Musk are reaping "historic returns."
SpaceX submitted its S-1 prospectus for the largest IPO in history, disclosing details of Class A shareholdings, significant losses in the AI sector, and multiple related party transactions, with an expected listing in mid-June.

Ten Thousand Characters Breakdown of On-Chain Vaults: Eight Major Tracks, Who is Rising and Who is Declining?
On one side is the collective withdrawal of lending and collateral-type vaults, while on the other side is the counter-trend growth of RWA and curation vaults. On-chain vaults are no longer a single market, but rather eight increasingly differentiated tracks. This ten-thousand-word research report t...

Behind NEAR's Doubling: 3 Major Trends Becoming the Engine of Coin Prices
AI + Privacy + Buyback.

Visa and Stripe are both working on stablecoins, but their focus is not on payments
Why do businesses still need stablecoins? What problems do stablecoins actually solve?

How Traders Keep Profits When PEPE WLD and FET Start Moving Fast Again
PEPE, WLD and FET are moving fast again as crypto volatility returns in 2026. Here’s how active traders are adapting to fast altcoin markets, reducing trading friction, and keeping more profits during high-frequency trading.

It's easy to conquer a city, but difficult to govern it: Polymarket wants to establish a presence globally but still has to bow down everywhere
How can a system born from decentralization and without permission embed regulatory frameworks based on sovereignty, licensing, and consumer protection?
Morning News | Hyperliquid launches off-chain event prediction market contracts; Strategy completes $1.5 billion debt buyback; Kelp DAO announces rsETH has fully recovered
Overview of Important Market Events on May 26
Bankless Founder: Why I Sold All My ETH
We have come a long way, and Ethereum has already achieved its deserved maximum potential market value.
Senior Public Company Financial Audit: Taking Hashkey as an Example, Discussing Which Account to Include for Exchange Issued Platform Tokens?
In-depth analysis of Hashkey's IPO financial report: the platform token HSK is cleverly classified by the official as "contract liabilities" to smooth profits, and the expectation of up to 95% "dead coins" reveals a significant misalignment between the company's compliance logic and investors' specu...
How did Micron win a trillion-dollar market value while Samsung relies on technology cycles and Hynix relies on HBM?
Chip giant Micron Technology's total market value has surpassed $100 billion. It has navigated multiple rounds of industry reshuffling by controlling manufacturing costs and is currently facing a new cycle of competition in the high-end HBM segment, mid-to-low-end market competition, and adjustments...
Dialogue with AEON co-founder Leo: The real bottleneck of the Agentic Economy is not the model, but the settlement
Committed to becoming the "Stripe" of the AI payment era.
2 years, 225 times the return? Unveiling the mysterious researcher Serenity's AI "bottleneck" investment technique
Former WSB trader Serenity has achieved a staggering 225 times return on the X platform over two years, with their original "supply chain bottleneck" theory and several classic micro-cap reverse sniper case studies attracting strong market attention.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


