Four altcoins buck a sluggish crypto tape, each with its own catalyst

Four altcoins posted double-digit gains on the day, according to CoinMarketCap data, while Bitcoin traded soft and the rest of the altcoin complex stayed subdued. Injective (@injective) surged 22% to $6.49 after BinanceUS enabled injectiveprotocol:native staking. The move adds to momentum from the May 7 native $USDC launch via Circle's CCTP, positioning the chain as a venue for compliant tokenization flows. HyperliquidX (@HyperliquidX, hyperliquid:native) rose 12.84% to $66.55. Supportive drivers included Grayscale's breakoutsuccess report projecting $800M in annual revenue, Bitwise expanding its $BHYP ETF, and a third-party builder program surpassing $20M in fees. Algorand (@Algorand, algorand:native) gained 11.71% to $0.1165, extending a run that followed the May 19 Robinhood NY listing, commodity classification by the SEC and CFTC, and Google's quantum endorsement. Its 7-day RSI remains deep in overbought territory. NEAR Protocol (@NEARProtocol, near:native) advanced 10.62% to $2.56 as markets digested June's Dynamic Resharding upgrade and the FIPS-204 post-quantum signature rollout. The Bitwise NEAR Staking ETP continues to attract institutional inflows.