NEAR has pumped 107% since the start of September. Alongside the price action, the ecosystem’s seen a string of major moves: private futures now live on Hyperliquid, a snapshot after confidential TVL broke $70M, and Bitwise dropping an updated spot NEAR ETF application with staking in the mix.

Hyperliquid Futures Go Private by Default

NEAR’s Hyperliquid-based futures contracts just switched to private mode as the default. This amps up NEAR’s push toward privacy-first infrastructure and keeps the project laser-focused on confidential transactions.

Snapshot After TVL Hits $70M, With $3.33 Price Condition

After NEAR’s confidential infrastructure TVL shot past $70 million, the team took a snapshot to distribute 333,333 reward tokens. But here’s the catch: you can only swap those for regular NEAR if the three-day average price stays above $3.33.

Bitwise Files Updated Spot NEAR ETF Application

Bitwise has filed an updated application for a spot NEAR ETF with the SEC, aiming for a NYSE Arca listing and including a staking feature. The filing would allow staking inside the ETF, which could shake up the fund’s revenue model and operational setup if approved for trading.

Traders are keeping a close eye on all these NEAR ecosystem moves after that wild September rally.