ETH leads the rebound, Binance reopens UNI and AAVE, POL is agitated: the altcoins point

End of fear, not hangover. Forty-eight hours after Monday's altcoin point, where ETH and SOL fell together, the market changed color. Ether gains more than 5% in 24 hours, the Fear & Greed index rises from 34 to 50 and Binance reopens a new round of withdrawals this Thursday morning. The numbers below are a photo taken at 7 a.m. PST, so double-check as you read.

ETH, XRP, SOL, BNB: the hard core rebounds, Binance lags behind

Ether is trading at $2,418, up 5.4% over 24 hours and 5% over seven days. Wednesday's candle is sharp, with a low of $2,285 and a high of $2,447. This is the best performance of the large caps while Bitcoin regained $80,000, and $269 million of short positions were liquidated in an hour on the market as it crossed the threshold. You will find details on the BTC side in today's market update.

XRP follows at a distance. The token is worth 1.31 dollars (+2%), still stuck under the resistance of 1.38 dollars which it failed to cross this week. Solana is up 3% to $95.7 but remains down 3.6% over seven days, despite Schroders launching a tokenized emerging debt fund on its blockchain with Centrifuge on Wednesday, according to The Block.

And then there is BNB. The Binance token is worth $713, up 2% over the day but down 4.2% over the week, the only large capitalization in the weekly red. A week after the $6.3 billion hack, withdrawals are still not reopened for all assets on the platform.

UNI and AAVE: Binance reopens batch withdrawals

The news of the morning comes precisely from Binance. In its eighth update on the incident, the platform announces the gradual resumption of withdrawals from 12 p.m. Beijing time this Thursday, or 5 a.m. in Paris. On the Ethereum network, the list starts with UNI, AAVE, PAXG, VIRTUAL and MORPHO. Other assets follow on BSC, Base, Tron, Polygon and Sui. Everything does not reopen at once: the batches leave after security checks, in the order of the request expressed by users last week, and the deposits remain normal.

The two tokens involved were already moving. Uniswap (UNI) is trading at $7.57, up 3.5% over 24 hours and nearly 10% over seven days, with daily volume representing 14% of its capitalization according to CoinGecko. A ratio above 10% signals a token that is spinning fast, well beyond the ordinary interest for 4.6 billion assets. AAVE is worth $131.5 (+1.9%) on a volume/capitalization ratio of 11%. Expect movements in both directions throughout the day, between those who finally collect their tokens to sell them and those who repatriate them to a personal wallet.

POL climbs before the vote on its hard fork, ZEC and XMR continue

Polygon's token, POL, gains 4% to $0.0967 and almost 8% over seven days, for a capitalization of 1.03 billion in 75th place. The cause lies in a proposal published Wednesday evening on the Polygon forum, which wants to zero out five pirate addresses and return 70.49 million POL to Polymarket and Binance via a hard fork. The text is presented at the governance call at 3:30 p.m. (Paris time) this Thursday. We are devoting a separate article to this in the morning.

Two words about the elders. Zcash, which we talked about on Monday, continues its path at 1,313 dollars (+5.2% over 24 hours, +6.3% over the week) in tenth place in the world. Monero shows $635, stable for the day but up 9.8% over seven days, with no identifiable catalyst this morning. Hyperliquid (HYPE) returns 1.9% to 83 dollars after a week of +7%.