OKB is hovering at $95 after jumping over 23%. Trading volume has exploded by more than 1,783%. As of 6th March, the broader crypto market is lingering in fear, sending mixed signals across the digital assets. The prices oscillate between the red and green charts. The largest assets like Bitcoin (BTC) and Ethereum (ETH) have slipped to their recent lows. Among the altcoin pack, OKB has posted a remarkable 23.17% jump in the past 24 hours.
The token opened the day trading at the bottom of $77.32, and as the hours passed, the OKB price rallied to a high of $121.12, with bullish pressure. To confirm the uptrend, it has tested and broken crucial resistance zones between $78 and $120. As per CMC data, OKB trades at $95.57, with the trading volume having exploded by over 1783% to $31.3 million.
OKB’s current breakout would push the price toward the resistance range of $100.36. With solid pressure on the upside, the price might climb and test the zone at around $105.85, with the emergence of the golden cross, which supports further price gains.
Conversely, if the asset’s bearish condition pops up, the price could fall to the $90.11 support range. An extended downside correction might trigger the formation of the death cross, and the bears may send the OKB price to $85.04 or even lower.
OKB Charts Turn Bullish as Technical Strength Builds The technical analysis of OKB reveals that the Moving Average Convergence Divergence line is above the signal line, which indicates bullish momentum. The short-term price is outperforming the recent average. As long as the MACD continues to stay above, it supports further upside.
In addition, the Chaikin Money Flow (CMF) indicator is noted at -0.18, suggesting strong selling pressure in the OKB market. Also, the capital is steadily flowing out of the asset. This negative value shows that distribution is taking place, reflects weakening demand and cautious market sentiment.
OKB’s daily Relative Strength Index (RSI) is resting at 76.29, displaying its overbought condition, with sturdy bullish sentiment. The buying pressure has been very strong, pushing the price higher. Significantly, the asset may get overextended, and there is a chance of a short-term consolidation.
Moreover, the Bull Bear Power (BBP) reading of 17.97 implies a robust bullish dominance. This level hints at a powerful upward momentum and strong buying interest. If it continues to rise, it could help keep up the upside. However, a decline might likely signal weakening bullish momentum.
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Ethereum Price Eyes $2,200 as Bulls Hold Key $2,030 Support
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OKX announced the integration of Chainlink Data Streams on X Layer’s mainnet, bringing real-time market data infrastructure to developers building decentralized finance applications. The move is intended to strengthen support for tokenized real-world assets, AI-powered trading systems, and derivatives platforms by providing fast, on-demand price feeds.
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Unlike traditional oracle systems that publish data at fixed intervals, Chainlink Data Streams enables applications to retrieve current pricing exactly when transactions are executed. Developers on X Layer can now access pricing for major U.S. stocks, including Tesla, Nvidia, and Apple, along with tokenized Treasury assets and commodities such as gold and silver. This expands the ability of DeFi protocols to integrate real-world financial markets directly into onchain applications.
OKX said the infrastructure can improve capital efficiency for perpetual and derivatives protocols, enhance autonomous decision-making for AI trading agents, and support collateral valuation, yield calculations, and automated portfolio management for RWA applications.
The company added that Chainlink has processed more than $30 trillion in transaction value and currently secures over 70% of DeFi, while X Layer’s inclusion in the Chainlink Scale program reflects a long-term commitment to sustainable oracle infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The leading crypto Coinbase has added Polygon Ecosystem Token to its roadmap today, following which the POL price soared over 15%. The exchange also announced that it would be supporting POL on both Polygon and Ethereum networks, fueling market interests. In addition, in a separate announcement, the crypto exchange said that it will migrate the Polygon ticker from MATIC to POL on the Polygon network.
Coinbase Expands Support For Polygon Ecosystem Token The latest decision by Coinbase to add Polygon Ecosystem Token (POL) to its roadmap marks a significant step by the crypto exchange. The Polygon community seems to have lauded the announcement, as evidenced by the soaring prices of the POL and MATIC tokens.
The exchange started supporting POL on both Polygon and Ethereum networks, enhancing the utility and accessibility of the token for its users. Notably, the “roadmap” listing by the exchange is a replacement for the “assets under consideration” section, which aims to streamline the asset listing process and provide clearer guidance for users.
Meanwhile, the integration of POL marks a significant transition for the Polygon network. In addition, the crypto exchange has announced that it will migrate the Polygon ticker from MATIC to POL on the Polygon network starting August 26.
This ticker change is one of the critical steps in the network’s evolution, and the exchange has advised users to avoid depositing MATIC on Polygon PoS to prevent any disruptions. Notably, trading and transfers for MATIC will be temporarily disabled on the Polygon network between August 26 and September 10 to facilitate a smooth transition, the exchange said.
The exchange has assured users that those who have staked MATIC through the crypto exchange will continue to receive staking rewards, even as the migration to POL takes place. This move by one of the top crypto exchanges is expected to enhance the liquidity and usability of POL, positioning it as a key asset within the crypto ecosystem.
POL And MATIC Prices Rally The addition of POL to Coinbase’s roadmap has sparked a positive market reaction, as evidenced by the surge in the tokens’ prices. As of writing, POL price jumped 15% to $0.5251, with its trading volume skyrocketing 115% to $944,379.
Simultaneously, the MATIC price jumped about 16% to $0.5252, with its trading volume soaring 90% to $406.73 million. In addition, a recent Polygon price analysis indicates that the crypto could target the $0.60 level next.
Meanwhile, as the exchange prepares to fully migrate from MATIC to POL, the exchange has outlined a detailed plan to ensure a smooth transition for its users. The migration is set to be completed in the coming months, with Coinbase providing updates on the timeline and process.
During this period, trading for both MATIC and POL on Ethereum will continue, ensuring that users have access to their assets without interruption.
Coinbase will add POL to its roadmap, supporting it on both Polygon and Ethereum networks. Starting August 26, Coinbase will transition the Polygon ticker from MATIC to POL on the Polygon Network. MATIC has surged 12% in 24 hours and 27% over the past 30 days. Coinbase, the US’s biggest crypto exchange by trading volume, added the Polygon Ecosystem Token (POL) to its roadmap. It announced its support for POL on both the Polygon and Ethereum networks, renewing market interest and boosting trading activity. MATIC price has surged by 27% in the last 30 days.
Recently, Polygon notified the community of its long-awaited upgrade from MATIC to POL. On September 4, 2024, all MATIC tokens on the Polygon PoS chain will migrate to POL tokens.
Coinbase supports POL migration In an X post Coinbase mentioned that from August 26, the crypto exchange will migrate the Polygon ticker from MATIC to POL on the Polygon Network. The trading activity will be disabled for MATIC on the Polygon Network till September 10 to complete the crucial process.
It added that the exchange will add support for POL on the Ethereum network. However, the customers who hold MATIC staked through Coinbase will be able to access the staking program and receive rewards.
Coinbase highlighted that from August 26 to September 10, MATIC will go under the ticker upgrade process. It advised the users to refrain from depositing MATIC on Polygon PoS. Sending and receiving of tokens on Polygon like VOXEL, USDC, CBETH, and WETH will also be disabled during the update.
In the coming months, Coinbase plans to complete the migration from MATIC to POL on behalf of users. We will provide details regarding the migration of Coinbase balances including the timeline for conversion once available.
— Coinbase Assets 🛡️ (@CoinbaseAssets) August 21, 2024
The exchange will provide details regarding the migration of balances including the timeline for conversion once available, while trading for both MATIC and POL on Ethereum will continue to be supported until further notice.
MATIC spikes 12% in 24 hours MATIC price has seen an instant incline after the announcement of the much awaited migration. Polygon price surged by almost 28% over the last 30 days. This jump has helped the token to reduce the loss booked in the longer time frame. Its price spiked by another 12% in the last 24 hours.
Polygon is trading at an average price of $0.529, at press time. It is still down by 81% from its all time high of $2.92, recorded on December 27, 2021. Its 24-hour trading volume skyrocketed by 124% to stand at $577 million.
The migration to POL was first proposed last year as an upgrade to MATIC in PIP-17. The POL ERC-20 contracts went live on Ethereum last October. Polygon suggests that this upgrade is an exciting and highly anticipated process as it further expands the utility of Polygon’s native token to reflect and power its vision.
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Ashish Kumar
Ashish Kumar is a crypto and financial journalist with eight years of newsroom experience. He covers what’s happening with crypto markets, regulation, DeFi, and exchange ecosystems. He has worked with Coingape, Todayq, and Newsroompost. Ashish holds a PGDP in English Journalism from the IIMC. He has also interviewed industry figures including Arthur Hayes, Yat Siu, Austin Federa, and more.
Coinbase Supports POL: Coinbase will support the Polygon Ecosystem Token (POL) on both the Polygon and Ethereum networks, transitioning from MATIC to POL starting August 26, 2024. MATIC Price Surge: Following the announcement, MATIC’s price surged by 12% in 24 hours, with a 27% increase over the past 30 days, boosting market interest and trading activity. Migration Impact: During the migration period (August 26 – September 10), trading activity for MATIC on the Polygon Network will be disabled, but trading for MATIC and POL on Ethereum will continue.
Coinbase, the largest cryptocurrency exchange in the United States by trading volume, has announced its support for the Polygon Ecosystem Token (POL). This support extends to both the Polygon and Ethereum networks, marking a significant milestone for the Polygon community.
Starting 8/26, we will be migrating the Polygon ticker from MATIC to POL on the Polygon Network. Between 8/26 and 9/10, send/receive will be disabled for MATIC on the Polygon Network in order to successfully complete the ticker change from MATIC to POL. Here is what to expect:
— Coinbase Assets 🛡️ (@CoinbaseAssets) August 21, 2024
Beginning on August 26, Coinbase will change the ticker for Polygon from MATIC to POL on the Polygon Network. This adjustment is part of a larger upgrade from MATIC to POL, set to be finalized by September 4, 2024.
Polygon’s MATIC Spikes 12% in 24 Hours Following the announcement, MATIC, the native token of the Polygon network, experienced a significant price surge. Over the past 24 hours, MATIC’s price has jumped by 12%, and it has seen a 27% increase over the past 30 days.
At the time of writing, Polygon’s MATIC continues its upward trend, trading at $0.52, and increasing nearly 11% more, according to data from CoinMarketCap. This price movement has reignited market interest and boosted trading activity, with MATIC’s 24-hour trading volume skyrocketing by 124% to reach $577 million.
During the migration period from August 26 to September 10, trading activity for MATIC on the Polygon Network will be disabled. Coinbase has advised users to refrain from depositing MATIC on the Polygon PoS chain during this time.
Additionally, the sending and receiving of tokens on Polygon, such as VOXEL, USDC, CBETH, and WETH, will be temporarily disabled. However, trading for both MATIC and POL on the Ethereum network will continue to be supported until further notice.
Future Prospects for POL The idea to transition to POL was initially introduced last year as part of the MATIC upgrade in PIP-17. The POL ERC-20 contracts officially launched on Ethereum last October.
Polygon emphasizes that this upgrade is not only thrilling but also eagerly awaited, as it enhances the functionality of Polygon’s native token, aligning with and advancing its overarching vision.
With Coinbase’s support, the transition to POL is expected to enhance the overall functionality and adoption of the Polygon network. Coinbase’s support for POL on both the Polygon and Ethereum networks is a significant development for the Polygon community.
The recent price surge of MATIC highlights the positive market response to this announcement, setting the stage for a promising future for POL.
Crypto exchange Coinbase said it would support the Ethereum layer-2 network Polygon planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL).
On Aug. 21, the exchange announced that it would begin migrating the Polygon ticker from MATIC to POL starting Aug. 26. It stated:
“In the coming months, Coinbase plans to complete the migration from MATIC to POL on behalf of users. We will provide details regarding the migration of Coinbase balances including the timeline for conversion once available.”
During the migration, sending and receiving MATIC on the Polygon network will be disabled between Aug. 26 and Sept. 10. This measure aims to ensure a smooth transition from MATIC to POL.
The exchange also revealed plans to add support for POL on the Ethereum network by Sept. 4. The firm will also support trading for both MATIC and POL on Ethereum until further notice.
Meanwhile, customers staking MATIC on Coinbase will continue to earn rewards.
According to CryptoSlate's data, Polygon's POL and MATIC tokens surged over 10% following the news.
POL migrationCoinbase's announcement reflects the positive sentiments surrounding Polygon's upcoming POL migration, scheduled for Sept. 4.
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Polygon describes POL as a hyperproductive token designed to offer valuable services across all chains within the Polygon network, including AggLayer. The token will serve as the primary currency for gas fees and staking within the Proof-of-Stake (PoS) network which is fundamental to Polygon network security.
It added:
“POL will support broader roles in the Polygon staking hub (to be released in 2025), including block generation, zero-knowledge proof generation, and participation in Data Availability Committees (DACs).”
Meanwhile, the transition from MATIC to POL will occur in phases, mirroring Polygon's broader goals to boost network efficiency.
Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space.
Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual on-chain activity yesterday afternoon, Drift’s official channels confirmed the attack, quickly suspending deposits and withdrawals.
Drift Protocol confirms the attack. Source: X According to reports, the attack lasted less than 20 minutes and stole around $285 million in multiple assets, including USDC, JPL, USDT, JUP, USDS, WBTC, and WETH, from nearly 20 vaults. This marks the largest crypto exploit of 2026 to date, and one of the largest hacks in the industry, just above WazirX’s $235 million hack.
The hack wiped out half of the Solana-based project’s total value locked (TVL), which fell from roughly $550 million to $252 million, per DeFiLlama data. Drift protocol’s token, DRIFT, also plunged, retracing nearly 40% over the past 24 hours.
Within hours, the exploiter had swapped $270.9 million into USDC, bridged them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and purchased 129,000 ETH, splitting them across multiple wallets.
In a Thursday post, Drift shared the details of the incident, affirming that “a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers.”
Solana’s durable nonces are an advanced mechanism that allows transactions to bypass the typical short expiration date of regular transactions. This enables users to pre-sign transactions for future execution, offline signing, or complex multisig workflows.
“This was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution,” the post continued.
Malicious Actors Targeting Humans, Not Smart Contracts The Solana-based DEX emphasized that the exploit was not the result of a bug in Drift’s programs or smart contracts, noting that they found no evidence of compromised see phrases either.
“The attack involved unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms and sophisticated social engineering,” the project underscored.
Lily Liu, President of the Solana Foundation, addressed the incident, asserting that it is a blow to the whole Solana ecosystem. Liu pointed out that “Smart contracts held up. The real targets now are humans: social engineering and opsec weaknesses more than code exploits.”
Ledger CTO Charles Guillemet linked Drift’s attack method to Bybit’s $1.4 billion hack, which was attributed to North Korean hacking groups. As he explained, the attackers likely compromised several machines belonging to multisig signers through long-term infiltration and misled operators into approving the malicious transactions.
This modus operandi is similar to the Bybit hack last year, widely attributed to DPRK-linked actors. The pattern is becoming familiar: patient, sophisticated supply-chain-level compromise targeting the human and operational layer, not the smart contracts themselves.
Guillemet affirmed that the incident is “yet another wake-up call for the industry” to raise the bar on security. “Ultimately, security is not just about code audits. It’s about giving operators and users the right information at the right time, so they can make informed decisions about what they sign,” he concluded.
Solana trades at $76 in the one-week chart. Source: SOLUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Harmony led with a 26% rise in developer activity, followed by Gnosis (+25%), Avalanche (+23%), and Arbitrum (+20%).
Amid a notable downturn in the digital asset markets, blockchain developer activity has continued to rise, defying concerns that the ‘crypto market is dead.’
A recent report from Santiment highlights growth in development efforts across the top ten crypto ecosystems, with increases ranging from 11% to 26% in the past month.
Increased Developer Activity According to analysis from the blockchain analytics firm, the Harmony network recorded the highest increase in development activity, jumping by 26%, with a 4.7% rise in active contributors. Gnosis followed closely with a 25% surge, although it was the only blockchain to report a drop of 2.2% in contributors.
Avalanche and Arbitrum also experienced gains, with activity rising 23% and 20%, respectively. Despite being hit the most by the recent marketwide downturn, the Ethereum network saw a 13% jump in development events and a 1.9% rise in active contributors.
The BNB Chain ecosystem recorded a 17% increase in developer activity, while Polygon and Solana, two of the most actively used blockchain networks, saw engagement grow by 19% and 17%, respectively. Meanwhile, Cosmos had a 9% rise in efforts, with a notable 2.8% uptick in the number of contributors.
Crypto Market Downtown These figures come against a backdrop of a declining crypto market. CoinGecko data shows that the total market capitalization has crashed by almost 10% over the past 24 hours to $2.84 trillion.
Investor sentiment has also taken a hit, with the Crypto Fear and Greed Index plunging from 49 to 10 at one point, a shift from “neutral” to “extreme fear.”
You may also like: Jaredfromsubway Hacker Ignores 50% Bounty, Routes Funds to Tornado Cash BitMine, SharpLink, and Joe Lubin Back New Ethereum Nonprofit ETHLabs New Proposal Redirects 10% of Staking Rewards to Fund Ethereum Ecosystem BTC is trading at $83,833 after an 8.9% decline, with its market cap falling from $1.85 trillion to $1.66 trillion. ETH has been hit even harder, tumbling 10.9% to $2,091, its lowest price in 16 months. Analysts warn the token could retreat to $1,200, revisiting bear market lows from late 2022.
Several altcoins also dipped steeply following a brief Trump-driven rally over the weekend. At the time of writing, XRP had dropped 8.5% to $2.36, SOL had fallen 14.7% to $136.4, and ADA had taken the hardest hit, plunging 15.6% to $0.804. The rally had been caused by President Donald Trump’s announcement that a proposed U.S. crypto strategic reserve could include these assets.
However, the market reacted negatively to Trump’s confirmation that new 25% tariffs on imports from Canada and Mexico will take effect Wednesday, along with plans to double tariffs on Chinese goods from 10% to 20%.
Blockchain.com has successfully registered with the UK’s FCA after a four-year effort, signaling growing regulatory clarity in the region. Increased regulatory approval builds institutional confidence and shifts focus toward solving core crypto challenges like fragmented liquidity. LiquidChain is a Layer 3 protocol designed to unify liquidity from Bitcoin, Ethereum, and Solana into a single execution layer. After a protracted four-year process, crypto exchange and wallet provider Blockchain.com has officially secured registration as a cryptoasset business with the UK’s Financial Conduct Authority (FCA).
The development marks a significant milestone, not just for the London-based company, but for the broader UK digital asset landscape. It signals a move toward greater regulatory clarity in a key global financial hub. That kind of clarity breeds confidence. And it lays the trust foundation needed for the next wave of innovation to actually ship, not just get pitched.
The road to approval was anything but smooth. Blockchain.com initially withdrew its application in March 2022, facing an impending deadline without a clear path to licensing. Its return and subsequent success underscore a thawing in the relationship between crypto firms and UK regulators. This approval allows the firm to offer digital asset services to its UK customers in full compliance with anti-money laundering and counter-terrorist financing regulations.
In practical terms, it helps normalize crypto operations, moving them from a regulatory grey zone into the mainstream financial ecosystem. What changes on day one? Not much.
The signal to larger pools of capital? Huge, because institutions track these green lights closely. As institutional players and cautious capital observe these developments, the demand for robust, transparent, and scalable on-chain infrastructure is exploding. The market is maturing beyond isolated ecosystems, and the next frontier is unifying them.
That’s exactly where new protocols built for a regulated, cross-chain world are starting to find their footing. Projects like LiquidChain ($LIQUID).
LiquidChain Fuses $BTC, $ETH, and $SOL Liquidity As regulatory frameworks solidify, the focus shifts to solving crypto’s core technical challenge: fragmented liquidity. Billions of dollars are locked in separate, siloed ecosystems like Bitcoin, Ethereum, and Solana, creating inefficiency and poor user experiences.
LiquidChain ($LIQUID) is a new Layer 3 protocol engineered to dismantle these walls. It’s building a unified liquidity layer that fuses the three largest crypto ecosystems into a single, cohesive execution environment.
This isn’t just another bridge. LiquidChain’s architecture lets developers deploy an application once and gain native access to the liquidity and user bases of Bitcoin, Ethereum, and Solana simultaneously. The second-order effect is a sharp drop in complexity for both builders and users. No more juggling risky wrapped assets or multi-step cross-chain swaps.
Instead, the protocol offers Single-Step Execution, where complex operations across chains are settled verifiably in one go. Ambitious? Absolutely, but it’s already resonating with early backers. The project’s presale has drawn notable interest, raising over $533K with its $LIQUID token priced at just $0.0136. That early momentum suggests a strong appetite for solutions that tackle DeFi’s most persistent pain points.
BUY YOUR $LIQUID FROM ITS OFFICIAL PRESALE PAGE
A New Infrastructure for a Maturing Market The timing for a protocol like LiquidChain couldn’t be better. With institutional-grade regulatory clarity on the horizon, the demand for equally professional infrastructure is paramount. Institutions don’t want to deal with fragmented systems; they need seamless, efficient, and verifiable platforms for capital allocation.
LiquidChain’s Cross-Chain VM (Virtual Machine) aims to provide precisely this, an environment where assets from disparate chains can interact without custodial risk. In previous cycles, we’ve seen regulatory green lights precede infrastructure buildouts; this pattern feels familiar, and the timing is punchy.
The risk, of course, is that building such a complex L3 is a monumental technical challenge, and adoption will take time. Still, the value proposition is clear. By creating a shared liquidity and execution layer, LiquidChain aims to become the foundational plumbing for the next generation of DeFi applications.
Its native token, $LIQUID, serves multiple functions within this ecosystem, including powering transactions (as gas), rewarding liquidity providers through staking, and funding developer grants to expand the network. For a market that’s finally growing up, infrastructure that abstracts away the complexity of a multi-chain world isn’t just a convenience, it’s a necessity.
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This article is for informational purposes only and should not be considered financial advice. All investments carry risk, especially in the volatile crypto market.
Qtum is a project that has been around for some time now. It is also one of the most interesting cryptocurrency to come out of China in the past 3 years.
Originally built to be an "Etheruem Killer", Qtum has been through its own share of ups and downs. However, given the renewed push for blockchain adoption in China, many are turning to projects like this again.
So, does QTUM have the legs to manage the run?
In this QTUM review, I will attempt to answer that with an in-depth overview. I will also take a look at the long term use cases, adoption and price potential of the QTUM tokens.
What is QTUM?Qtum (pronounced ‘Quantum’) is an interesting blockchain project that’s been in existence since 2016 and was created as a fork of the Bitcoin core combined with Ethereum’s Virtual Machine (EVM).
The resulting blockchain provides us with the best of both Bitcoin and Ethereum, and does it by bridging the gap between the two technologies with a third layer that the Qtum developers have named the “Account Abstract Layer.”
Image via QTUM
Qtum was created with these three layers in order to serve business users best by combining the Unspent Transaction Output (UTXO) model of bitcoin with the decentralized application (dApp) capabilities of Ethereum. It then wraps them all up in a Proof-of-Stake (PoS) consensus to avoid the huge energy requirements of the Proof-of-Work (PoW) model.
The use of the Ethereum VM gives Qtum a proven and stable development and dApp environment but also brings along the known security and throughput capacity issues.
Qtum solved these Ethereum issues by combining the Bitcoin chain, which is famous for its security. Qtum then adds more services, including a native wallet, a smart contract management application, and oracles that allow off-chain data to be used.
Qtum TechnologyAs mentioned earlier, Qtum was developed with three separate layers; a fork of the Bitcoin core chain, Ethereum’s Virtual Machine, and the Account Abstraction Layer, which bridges the two technologies and is Qtum’s proprietary development.
Because Qtum uses the EVM it allows for the development of dApps and it can take advantage of Proof-of-Stake as its consensus mechanism, thus getting rid of the need for miners and the huge resource requirements of the Proof-of-Work consensus.
This also means all QTUM tokens are already in existence, having been created at the genesis of the blockchain. Qtum is also able to take advantage of smart contracts thanks to the inclusion of the EVM.
The QTUM Network Architecture
The inclusion of the Bitcoin core chain gives Qtum its solid security foundation through the use of the Unspent Transaction Output (UTXO) model that prevents fraud on the blockchain. It’s this UTXO model brought over from Bitcoin that guarantees transactions cannot be recorded twice. The UTXO model is the basis of Qtum’s security layer.
Because Qtum includes two different blockchains there needs to be a way for the two to communicate with each other. That’s where the Account Abstraction Layer comes in. It functions to convert Bitcoin’s unspent transaction outputs into an “account balance” model, which is what Ethereum uses. This lets the two chains communicate regarding transactions and account balances.
Because Qtum also uses the EVM third-parties are able to create new tokens easily, and it is even possible to automate the management of supply chains. Because Qtum uses a standardized ecosystem it is able to offer tools to create contracts that are both machine and human-readable, and it makes smart contracts both more flexible and less prone to errors.
Key ServicesQtum has also added several key services that make it an ideal blockchain for business use. Below are descriptions of these three key services:
OraclesQtum has created oracles that allow trusted external third-parties to supply data and make off-chain calculations, as well as assisting in computations and monitoring the smart contracts on the blockchain. These oracles generate an additional trust layer and make the security for smart contracts stronger.
Mobile ApplicationsQtum has also provided for the management of smart contracts from mobile devices. This is something that was once impossible and remains extremely difficult, but Qtum accomplishes it through its use of light clients.
The QTUM Mobile Client for Smart Contract Execution
Using this model Qtum is able to run nodes that do not keep a full blockchain history, allowing them to participate on the blockchain by storing only the most recent and relevant transactions.
This is paired with the use of Bitcoin’s Simple Payment Verification (SPV), which allows a wallet to confirm its transactions without needing to verify its full contents. This model greatly increases transaction speeds for devices with minimal computational resources, such as mobile devices.
The QTUM WalletQtum provides a native wallet for users, which isn’t unique by itself, but Qtum has added some unique functionality to its native wallet. The wallet was created to be fully mobile and able to directly interact with the smart contracts on the Qtum chain.
Qtum UnitaIn April 2019 Qtum improved further on its blockchain solution by adding a new feature to increase enterprise adoption. The new version of Qtum was dubbed Unita and it utilizes a scalable consensus algorithm (SCAR) that is built atop Qtum’s other existing solutions.
This new SCAR will save considerable network resources such as disk space and bandwidth while creating a fully-automated data storage and transfer protocol that can handle up to 10,000 transactions per second.
Advantages of SCAR Algorithm. Image via QTUM Blog
The new Unita can be deployed with just one click and also features data management and cross-chain trading, plus other features that will permit enterprise users to process millions of daily transactions. Qtum said businesses will be able to safely store private data on a permissioned Unita chain, and transfer data as necessary to the public network.
The Qtum TeamQtum was founded by Patrick Dai, who was an employee at Alibaba when he discovered blockchain technology and became an early adopter and enthusiast of the technology.
Joining him are three dozen other blockchain enthusiasts, including some world-class developers who have come to Qtum with decades of experience in a variety of different sectors.
The team includes a strong group of technology professionals with backgrounds ranging from cybersecurity and telecommunications to full-stack development and blockchain expertise.
The QTUM Team Members. Image via QTUM.org
Qtum also has a large and experienced group of angel investors and specialists in the capital markets, all of whom have placed their faith, and financial backing, with Qtum. These include Roger Ver, the CEO of Bitcoin.com, and Xu Star, the CEO at OKCoin.
Rounding out the backers is Anthony Di Iorio, the co-founder of Ethereum and CEO at Jaxx Wallet, and Jeffrey Wernick, a veteran of the financial markets with over forty years of trading experience.
Qtum PartnershipsOne of the reasons for Qtum’s success to date has been its aggressive moves to partner with major companies, both inside the blockchain space, and within traditional business sectors.
These partnerships have been developed over time, and one of the first major partnerships came in April 2018, when they partnered with the Energo Foundation, a clean energy producer in the Philippines. Energo is using the Qtum blockchain technology yo develop better settlement systems, registrations, and measurements for the local microgrids throughout the Philippines.
Just a few months later in June 2018, Qtum announced a partnership with Qihu360, China’s largest public software company and a specialist in the field of internet security. At the same time, Qtum partnered with another of China’s software leaders, Baofeng.
Some of the Partnerships of QTUM
That partnership is also meant to help Qtum gain 50,000 nodes as well as help developing tools for content distribution and copyright protection. While they’re nowhere near the 50,000 node goal, Qtum does have more nodes than any other blockchain with the exception of Bitcoin and Ethereum. Besides partnering with Qtum, Qihu360 is also helping with blockchain research and the development of decentralized applications.
The following month Qtum announced a partnership with the Celer Network, which was done to integrate the Celer Network’s scalability solutions, giving Qtum faster and more flexible services for the development community.
Qtum also launched on Amazon Web Services the same month, making it easier for businesses already using AWS to migrate to a blockchain solution and build dApps for their operations.
As a relatively mature blockchain project, one would expect to see a large and well-developed community around Qtum, and based on the social media stats you won’t be disappointed. The Twitter following of Qtum is huge, with 181,000 followers. The Facebook following is also pretty large for a blockchain project, with almost 12,000 followers.
The Range of Social Networks for the QTUM Community
As you probably know, Reddit is a popular social network for blockchain enthusiasts, and Qtum is popular over there too, with more than 15,000 followers of the Qtum subreddit. That said, there are some days with no posts, and the number of comments on most Reddit posts is modest.
The Telegram group is approaching 8,000 subscribers, and Qtum also has a presence on Weibo for Chinese speakers. Overall it is a fairly large following, which certainly helps with the spread of information about the project, particularly when they launch something new.
The QTUM TokenThe QTUM token is a utility token that is used to access services and make them available to businesses and developers on the Qtum blockchain. This not only includes executing smart contract transactions, but also includes building and provisioning dApps, and executing code. Like most cryptocurrencies, the QTUM token gains value from its use and the overall demand for the token.
Based on the white paper the distribution of QTUM is planned as follows:
80% of the total supply is planned to be distributed to the Qtum community, while the remaining 20% is being earmarked for distribution to the founder, development team, and early backers of the project. Qtum conducted a successful ICO from March 12 through March 17, 2017, raising $15 million by selling QTUM tokens at a price of $0.3000 each.
QTUM Price HistoryFollowing the ICO the price jumped over $5 and continued trading higher, remaining in a range of $5 to $20 until exploding in December 2017. By January 7, 2018 the price reached its all-time high of $106.88, but just several days later the price was already cut in half. It continued dropping until bottoming at $1.69 on December 10, 2018.
QTUM Price Performance. Image via CMC
The first half of 2019 saw price rebound, but the strength of the token faded in the second half of 2019, and on September 24, 2019 it hit an all-time low of $1.47. Since then the price has recovered somewhat and as of November 26, 2019 the price of one QTUM is $1.67.
Buying & Storing QTUMSince QTUM cannot be mined, those who are interested in obtaining or accumulating QTUM will need to begin by purchasing it from an exchange. QTUM is available from a number of exchanges, but cannot be purchased with fiat currency.
Most exchanges are selling it for USDT, BTC, or ETH, although the largest exchange volume is at Cat.Ex, where QTUM is paired with TRX. There is also a good amount of trading volume at IDCM, LBank, and to a lesser extent Binance and Exrates. QTUM is also listed on dozens of other exchanges, but there is very little trading volume at any of them.
Register at Binance and Buy QTUM Tokens
Many users choose to store their QTUM in the native QTUM wallet so that they can take advantage of the added features. Those who are more interested in security will be happy to know that both the Ledger and Trezor hardware wallets have support for QTUM.
There are also a number of third party web, mobile and desktop wallets offering QTUM support. These include the Jaxx Liberty wallet and the Atomic Wallet.
Development & RoadmapSo, how much work have the QTUM team been doing on their protocol? Well, perhaps one of the best ways to get a sense of this output is through their open source code repositories.
Hence, I decided to dive into the QTUM GitHub and take a look at their code commits which is the best barometer for raw output. Below are the commits to the top three most active repos over the past 12 months.
Commits to Select Repos over Past Year
As you can see, there has been quite a lot of development by the team. This is more development work than we have seen at a number of other projects at similar stages in their lifecycle. It is also worth noting that there are over 100 other repos although these have less commits than this.
In fact, if we were to compare the extent of coding activity at QTUM to those of other projects, it ranks quite favourably. For example, on CoinCodeCap, QTUM comes in at number 28 in terms of commits and number 34 for total activity.
Indeed all of this development progress makes sense when viewed in conjunction with the broader roadmap of the project. By the end of Q4 this year, they should have completed Mainnet integration of the x85 VM. They would also have published the first set of trusted library contracts on the mainnet. Finally, they are scheduled for an x86 hard fork as well as a support for new Byzantium op codes.
If you want to keep up to date with the development progress then the team is quite disciplined by posting on their official blog. They also keep their community updated through many of the mediums that I mentioned above.
ConclusionQtum is an interesting project that combines the best of the Bitcoin and Ethereum chains and focuses on a light-weight blockchain more suitable to mobile-usage. Bitcoin gives it security and value transfer capabilities, while Ethereum gives it smart contracts and decentralized applications. The combination makes Qtum very valuable for enterprise users, and the success of Qtum has been fueled by these features.
As the first Proof-of-Stake blockchain we know the Qtum team is innovative. The large and growing partnerships show the team’s ability to seek out and secure valuable relationships both within and without the blockchain ecosystem. And the combination of Bitcoin and Ethereum makes Qtum attractive to developers who are looking to move on from those popular platforms.
Taken all together Qtum has positioned itself well for success, living up to the promise of delivering the best of both Bitcoin and Ethereum, and expanding even further on the combination with its x86 virtual machine and the Utica scalable consensus algorithm.
It’s easy to imagine greater things for Qtum as blockchain moves further into the mainstream.
Months ago, Binance announced its Binance US and began to accept deposits from US citizens on September 18, starting with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and USDT.
Binance US later grew this number to 19 and according to a recently published blog post written by Binance US CEO Catherine Coley, the company is now considering adding another 18 tokens to those already listed.
In the post, the exchange suggests that its decision to expand its list of supported tokens is borne out of the need to have “the most diverse selection of high-quality digital assets, without high fees.”
This expansion is bound to ensure that all of the exchange’s customers are not denied access to the bigger market with a lot more tokens and competition, ensuring that customers can trade assets with “true utility.”
The tokens currently been considered are Celer Network (CELR), Decreed (DCR), Enjin Coin (ENJ), Fantom (FTM), Icon (ICX), IOST (IOST), Komodo (KMD), OmiseGo (OMG), Harmony (ONE), Ontology (ONT), Ren (REN), Status (SNT), Theta (THETA), TomoChain (TOMO), Tron (TRX), NEM (XEM), Tezos (XTZ), and Hedera Hashgraph (HBAR).
The announcement also adds a reminder that all new users will get a $15 bonus when they sign up and will be able to trade free of charge for 30 days as it has been doing since the launch. Because Binance US is unavailable in some US states, the announcement also intimates that the platform is working on expanding access to the states that do not have Binance US access.
On the issuance of these tokens, Coley suggests that the company will take whatever measures it deems fit, to protect against fraud:
“Binance.US recognizes that the ease of issuing blockchain tokens and the perceived lack of regulation could make these tokens targets for abuse. Binanace.US has both legal obligations and moral duties to shield our users from fraudulent blockchain projects and combat financial crimes.”
Coley then concludes by asking the public to do “digital homework” before any decisions are made suggesting that customers are to not only learn about the prospective assets but also about methods being used by Binance.
PANews June 25 news, according to 10x Research analysis, Ethereum is currently at the $1,600 support level. If this level fails, the next target is $1,200 — the retracement level since the FTX crash. Ethereum’s current price is below the 7-day and 30-day moving averages, with a weekly decline of 7.4%. The Ethereum Foundation’s recent 20% staff cut triggered a significant price drop, while warnings of a funding crisis after the expiration of a key developer incentive program further dampened market sentiment. Sustained net outflows from spot Ethereum ETFs and weak institutional demand severely cap upside potential, while on-chain data shows asset accumulation hitting multi-year lows and rising transaction failure rates are cooling network demand. This week’s market news flow is light, and price drivers remain dominated by macro headwinds: the Fed’s hawkish stance, a stronger U.S. dollar, and stock market volatility.
On September 24, Monolith announced the addition of Kyber Network’s KNC token to its Visa debit card.
Monolith is an Ethereum-based banking alternative for the world of decentralised finance. Users can now exchange KNC and other Ethereum-based tokens to fiat and load them onto their cards. Monolith Visa debit cardholders can also use KNC to purchase goods and services at 45 million locations worldwide that accept Visa as a payment method. TKN, Monolith’s token, is also listed on Kyber’s Ethereum-based decentralised exchange.
To encourage people to try Monolith, the two teams are collaborating on a giveaway. 30 winners will split a total of $900 in KNC with another bonus being added for users with Monolith Wallets.
Mel Gelderman, CEO of Monolith stated, “We admire Kyber’s efforts in creating a leading decentralised exchange. It will be a key feature in Monolith’s non-custodial banking replacement. Having TKN listed on Kyber, and KNC listed on the Monolith Visa Card makes sense due to our shared vision of the benefits of decentralised finance.“
Kyber Network Technology and Programmes
Kyber is an on-chain liquidity protocol that powers instant and secure token exchanges in any decentralised application. From September 9 to October 21, the project and several of its partners are hosting a virtual hackathon. The purpose of this 6-week event is to educate more developers around the world about its liquidity protocol and token swap technology, and how they can be used to create innovative payment flows and DeFi (decentralised or open finance) products. As part of this competition, $42,000 in bounties are up for grabs across multiple development categories.
As of September 2019, Kyber supports more than 70 different tokens, and powers over 70 integrated projects including popular wallets such as MEW, Trust, Enjin, and HTC Exodus smartphone. The project’s protocol is adding integrations with a growing list of dApps, particularly ones focused on decentralised NFT and ecommerce payments, exchanges and trading integrations, and DeFi.
Monolith Continues Expansion
Monolith is pioneering the real world application of DeFi by shipping the world's first non-custodial Ethereum wallet linked with a Visa debit card. The project is working hard to realise its vision of bringing the token economy to the real-world. On this front, Monolith is busy enabling ERC20 tokens to be spent on its platform. In addition to KNC, ETH, and TKN, Monolith’s debit card can now be used to spend Maker (MKR), Dai (DAI), DigixDAO (DGD), and Digix Gold (DGX) tokens. The Monolith wallet now supports a number of popular ERC-20 tokens.
The Monolith App is currently available in the iOS App Store and will soon be available for public release in the Android Play Store. Recently, the project sent invites to the first 120 people who registered for its Android beta testing.
On September 23, the project announced a community-wide vote to determine which tokens will be added next to the Monolith Card. The two tokens with the most votes out of the following four choices will be selected. Candidates include 0x (ZRX), Chainlink (LINK), Pundi X (NPSX), and Augur (REP). The project is working towards eventually making all Ethereum tokens spendable.
Maker, the largest DeFi project to date, just celebrated its biggest milestone yet with the successful activation of its Multi-Collateral Dai (MCD) upgrade.
Launched on November 18th, the MCD system will allow Maker users to draw out automated Dai stablecoin loans using collateral beyond just ether (ETH), a structural limitation of the Single-Collateral Dai (SCD) system that the MCD has replaced.
As such, SCD Dai that have yet to migrate to MCD are now known as “Sai” and can be upgraded to MCD Dai using Maker’s migration portal. Per the redesign, users can draw out collateralized debt positions — now known as “Maker Vaults” — using ether and Basic Attention Token (BAT) to start, as these were the first two cryptocurrencies vetted into MCD through Maker community governance votes.
In the future, more cryptocurrencies may follow pending similar votes. A key thread to watch going forward will be how conservative or aggressive MKR voters prove when it comes to adding new assets in. Notably, these voters were fairly conservative out of the gate, as they only voted ETH and BAT in out of seven initial contenders, with the other inaugural candidates having been 0x (ZRX), Augur (REP), DigixDAO (DGD), Golem (GNT), and OmiseGo (OMG). As for what comes next, REP is again on the slate to be considered by MKR holders.
For the Maker team, the activation day was the culmination of years of work and thus cause for celebration. As Maker Foundation chief executive officer Rune Christensen commented once MCD was live:
“I’ve been imagining this moment for five years. It’s incredible. MCD can improve the lives of so many people, from the unbanked individuals living in regions like Nigeria to the underbanked in the United States.”
Meet Oasis and the Dai Savings Rate Another major element of the MCD activation is the upgrade’s launch of the Dai Savings Rate (DSR). Akin to a decentralized checking account, the DSR will allow Dai holders to lock their holdings in a smart contract to earn an annual savings rate on those funds.
Some benefits to call out:
???? DSR is simple, free, & powerful
???? Available to any Dai holder
???? Exchanges are integrating DSR allowing traders & savers to benefit on idle Dai held
???????? Businesses can earn additional Dai on their capital float
????Stimulates DeFi growth opportunities
— Maker (@MakerDAO) November 16, 2019
At launch, the DSR was two percent, so if that rate were to hypothetically remain constant then 100 Dai locked in the underlying smart contract would generate two extra Dai after one year’s time, for example.
To streamline user access to the DSR and the new Maker Vaults system, the Maker Foundation has expanded its Oasis “all-in-one decentralized finance (DeFi) hub” to include Oasis Save and Oasis Borrow, which join the platform’s already launched Oasis Trade exchange.
Looking to the horizon the platform could be further expanded around other Dai related projects, the Maker team said:
“In the future, additional steps toward creating an ultimate all-in-one DeFi hub will be taken. Oasis might one day include features developed outside of Maker but that use Dai, for example. This will allow for deeper integrations with other DeFi projects.”
On the Dai Rebrand The Dai logo has undergone a calculated re-envisioning as part of the MCD transition, as the stablecoin’s original diamond-shaped logo (which now represents Sai) has given way to a new, more familiar “D” shaped logo that has clearly been designed to make it aesthetically nearer to the logos of the world’s top currencies.
And that’s precisely what the project’s builders are going for, as explained in a recent blog post:
“The Maker Foundation and the larger MakerDAO community are confident that Dai can sit alongside the other major currencies of the world, from inside Bloomberg Terminal platforms to beside cash registers in coffee shops. The new Dai logo is memorable, powerful in its simplicity, and, unlike the old one, easy to draw and digitally replicate. These attributes are very likely to attract new users, increase adoption, and expand brand awareness.”
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Bitcoin is on the move again, heading north. The largest cryptocurrency is recording impressive gains over the last 24 hours, and it even touched $8,000 before retracing to the current level of $7,900.
Just yesterday, BTC was trading around $7,300, and, in a few positive candles, surged with almost 10%. However, as Cryptopotato reported, the $8,000 mark served as a significant resistance line, which also contains the 100-days moving average, and BTC couldn’t break it, yet.
BTCUSD 4h Bitstamp. Source: TradingView The recent price increase is spreading among most of the altcoins as well. This reduced Bitcoin’s market dominance slightly, and it now stands at 68.1%. Ethereum has been mostly in the green since the start of this year and is at $145 now.
Ripple, being listed on Binance Futures, is the biggest gainer within the top 10. Bitcoin Cash, Litecoin, EOS, and Monero record similar gains of around 2.5%, while TRON and Cardano are up by 5% and 6%, respectively. The recent move up brought the total market cap to be over $211 billion.
Total Market Capitalization: $211 B | Bitcoin Market Capitalization: $144 B | Bitcoin Dominance: 68.1%
Major Crypto Headlines Qatar Blocks Cryptocurrency Services Throughout The Gulf. Qatar’s Financial Center, serving as the country’s regulatory authority, has recently issued a blanket ban on cryptocurrency-related services within its borders. Additionally, it affects “anything of value” that could substitute fiat currencies.
South Korean Commission: Korean Firms Should Be Allowed To Launch Bitcoin Derivatives. A new document coming from South Korea says that the government is considering to list Bitcoin directly on the Korea Exchange (KRX), which could lead to Bitcoin derivatives in the near future.
You may also like: Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs Ripple Surges 10% As Binance Futures Adds XRP/USDT Perpetual Contracts. As of yesterday, Binance Futures added the third-largest cryptocurrency in its portfolio of perpetual contract trading pairs. As a result, XRP has pumped with over 10% within the last 24 hours.
Significant Daily Gainers and Losers Centrality (26.56%) In a predominantly green market today, CENNZ rises above all coins in the top 100 at the moment. It surges with over 26% to just shy of $0.1 against the dollar and with 21% against BTC to 1251 SAT. In a series of videos, the company’s tech executives have recently been talking about Centrality’s developments.
DigixDAO (10.87%) DigixDAO is next as the second most impressive gainer in the last 24 hours, with almost 11% to $20.36 at the time of this writing. The price records a 6% incline against the largest cryptocurrency to 0.0026 SAT. The company recently published a new incentive, saying that if investors hold 10 DGX for ten days, they will receive 0.44 as a reward.
Synthetix Network Token (-16.75%) SNX stands today on the other way of the scale with a severe 17% drop against the dollar to $0.90. The decrease against Bitcoin is even more significant at over 20%, and SNX/BTC trades at 11468 SAT. Interestingly enough, the popular U.S.-based cryptocurrency exchange, Coinbase, recently published a report regarding DeFi that included Synthetix, as well.
Tron, a blockchain-based decentralized platform just announced its partnership with a digital payment processing app called Metal Pay.
The resulting collaboration will allow US citizens to instantly acquire Tron (TRX) through the Metal Pay app through credit or debit card payments, providing a fiat-to-crypto on-ramp to TRX in the United States. On the other hand, Metal Pay also has its own native token— Metal (MTL) which it offers as a reward token to users who transact on the platform.
The development is one of a series of recent partnership efforts by the Tron Foundation and its CEO Justin Sun to improve TRX adoption in the US—helping to make cryptocurrencies more accessible to those without a detailed understanding of the industry.
Significance of the Partnership
Tron and Metal Pay can be considered established, but growing platforms in the cryptocurrency space, since both projects were launched in 2017.
Both Tron and Metal Pay launched in an industry dominated by major players that had been operating for several years already—as such, the odds were not in their favor to succeed. For example, Tron’s biggest competitors included blockchain giants like Ethereum, Cardano, Qtum and more, whereas Metal Pay was up against payment processing giants, including Square, Venmo and Payoneer.
Few people know just how easy it is to send cryptocurrency to friends.
On Metal Pay, you never pay a fee for sending crypto to another Metal Pay user.
No need to type in a messy wallet address - just tap a contact and you’re good to go.
Crypto was always meant to be this easy.
— Metal Pay (@metalpaysme) March 14, 2020However, despite the competition, both Tron and Metal Pay have risen up to become successful platforms in their own rights, by offering a range of features that appeal to practically everyone. On one hand, Tron offers a free content sharing platform that can be leveraged by anyone, anywhere, while Metal Pay makes sending payments more rewarding by providing up to 5% rewards on eligible transactions.
This partnership signifies the rising tide of blockchain-based projects and their entry into traditional finance, by allowing Metal Pay customers to easily purchase and sell TRX (and 26 other cryptocurrencies), and transfer it to their friends and family just as easily as sending a text message.
The Tron Foundation Presses Forward
As previously mentioned, this partnership is just one of many recent partnerships and collaborative efforts made by the Tron Foundation, the organization behind the development of the Tron ecosystem.
In the last year alone, Tron has formed partnerships with several major projects and platforms—all with the goal of ushering in the mass adoption of cryptocurrencies, including TRX in particular.
One of the most notable recent efforts made by Tron include its recent arrangement with Samsung, which saw TRX integrated into Samsung’s proprietary Blockchain Keystore wallet—thereby allowing Samsung users to easily store their TRX private keys within a secure vault-like environment on their mobile device.
Another prominent partnership was announced by Poloniex back in November, a popular US-based crypto trading platform which recently listed TRX to its retail trading platform. This resulted in TRX being listed on the exchange against several other established cryptocurrencies, including Bitcoin (BTC), Tether (USDT) and USD Coin (USDC). Poloniex also acquired Tron’s decentralized exchange platform TRXMarkets after being spun out from parent company Circle.
Tron has also been heavily featured by online gaming platforms and casinos such as Sportsbet and Bitcasino, courtesy of its partnership with the Coingaming Group.
It was an honor meeting the legendary Woz, @Apple co-founder! Looking forward to our partnership! https://t.co/Y1faA9UCcy
— Justin Sun (@justinsuntron) January 22, 2020Although these achievements are already impressive enough, they might just be the tip of the iceberg compared to what comes next. According to a recent tweet by the CEO of Tron, a partnership with Steve Wozniak might be in the works. Widely regarded as one of the modern pioneers of personal computing, onboarding Wozniak or forming an arrangement with him could be a strong indicator of further success—after all, look how Apple turned out.
All-in-all, the staggering rate at which Tron has made acquisitions, gotten listed on major exchanges and ramped up its presence in the US is a good part of the reason why it’s currently one of the largest blockchain platforms in existence, and the second most popular blockchain for decentralized application (dApps).
Blockchain firm Tron has taken another step to encourage cryptocurrency adoption. This time, it has partnered with Digital money transfer company Metal Pay to enable instant buying of TRX in the United States.
Henceforth, U.S based TRX fans can easily buy the token on the Metal Pay mobile app using their Visa debit cards or checking account. TRX can also be used to exchange the over 20 cryptocurrencies that are supported on the app.
Metal Pay provides cutting edge technology for its users to instantly send money to friends and family using their phone number. The app rewards users with the Metal native token, MTL which can be easily converted to the U.S Dollars when they carry out eligible transactions. Henceforth, Tron users in the U.S will also get 5% cashback in MTL tokens on eligible transactions as an incentive when they send and receive USD with the app.
The simple user interface and ease of sending and receiving money allow even users with the least experience in the use of cryptocurrencies to seamlessly use the app to buy and exchange TRX.
Metal Pay currently supports major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) which can be used to trade TRX all within the app. This provides the convenience that the Tron ecosystem seeks to bring to its users and developers as confirmed by the platform’s founder and CEO, Justin Sun. In his words, he said:
“Whether it be for users or developers, we care about convenience before everything. We will always serve our community by providing users with secure, fast, and simple access to TRX. With Metal Pay, we have created the fastest TRX transaction infrastructure while maintaining world-class security.”
The Founder and CEO of Metal Pay, Marshall Hayner in his own statement said Tron’s huge potential as a blockchain company is what drives Metal Pay to collaborate with it to build a better ecosystem for the future.
”I believe that TRON shows incredible promise for blockchain technology and decentralized systems, and I’m excited for the chance to work with them as we build the future,” he said.
At a time when contactless payment is being encouraged by the World Health Organisation to curb the spread of the dreaded COVID-19 pandemic, this partnership couldn’t have come at a better time for TRX users.
Also, it will further widen the reach of cryptocurrency in the U.S and in general as more people get to interact with digital assets. Tron has a mission to decentralize the web and make digital currencies available for all to access and this is a great step towards achieving this goal.
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
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Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
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The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
PANews reported on May 14th that the Compound Foundation stated that, following collaboration with the Aave and KelpDAO teams, all WETH and wstETH Comet positions involved in the rsETH vulnerability exploit were closed over the weekend, and all rsETH held by the attackers has been transferred to DeFi United. Compound stated that this swift action effectively mitigated market risks and protected the protocol's suppliers and reserve funds. Transfer restrictions on Ethereum WETH and wstETH Comet have now been lifted, and all Comet markets have resumed normal operation.
Aave’s fourth-generation lending protocol just crossed a milestone that took its predecessor months longer to hit. Deposits on Aave v4’s Ethereum deployment have climbed to roughly $200 million, effectively doubling from around $100 million just one month earlier.
Active loans sit at approximately $60 million. For a protocol that only went live on March 30, 2026, that’s a trajectory worth paying attention to.
From $25M to $200M in under three months By early May 2026, deposits had already jumped from roughly $25 million to over $50 million. Then came another doubling to $100 million. And now, $200 million.
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The governance side has kept pace with the capital inflows. On May 4, 2026, the Aave DAO approved v4 activation with near-unanimous support.
Aave v4 introduced what the team calls a “hub-and-spoke” design. Instead of one monolithic lending pool where all assets mingle and share risk, v4 segments liquidity into distinct hubs, each with its own risk parameters. The initial launch included three Liquidity Hubs labeled Core, Prime, and Plus.
The utilization gap tells its own story Aave v4’s utilization rates currently hover between 30% and 48%. That’s notably lower than Aave v3, which has historically operated at higher utilization levels across its mature markets.
Aave Labs has taken a deliberately conservative approach to v4’s rollout, favoring security over speed. It’s also worth noting that v4 runs alongside v3 rather than replacing it. Users can choose which version to interact with, and many borrowers with existing v3 positions have little incentive to migrate until v4 offers materially better rates or capabilities.
Real-world assets enter the frame Aave v4 has signaled intentions to support tokenized real-world assets, though without rushing to scale aggressively in that direction. The modular hub structure makes this feasible, as a dedicated hub for RWAs could operate with parameters suited to the risk profile of those assets, separate from the more volatile crypto-native markets, without requiring a protocol-level overhaul.
What this means for investors The current 30% to 48% utilization range is the number to watch. If borrowing demand catches up to deposit growth over the coming months, it would drive fee revenue higher. If utilization stays flat while deposits keep climbing, the protocol is accumulating idle capital, which is not favorable for token holders looking for fundamental value accrual.
New smart contract architectures carry inherent technical risk regardless of audit coverage. The phased rollout and conservative parameters mitigate this, but they don’t eliminate it. V4 is still a young protocol operating in parallel with its battle-tested predecessor, and the borrowing side of the equation hasn’t yet caught up to the lending side.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In brief Standard Chartered forecasts AAVE will rise ~50x from ~$70 earlier Wednesday to $3,500 by the end of 2030. The bank believes Aave has moved past an April liquidity crunch that halved deposits, and expects the token to track a projected 37x growth in DeFi assets by 2030. The bullish case depends on unproven steps, such as Aave Horizon through new partnerships with traditional finance firms. Analysts at Standard Chartered are betting big on Aave, one of the largest lending platforms in decentralized finance (DeFi), projecting that its native token could surge nearly 50 times from current levels by the end of the decade—a forecast that arrives just months after the protocol was rattled by a major ecosystem exploit.
In a research note released Wednesday, Geoff Kendrick, the bank's global head of digital assets research, initiated coverage of Aave's token (AAVE) with a price target of $3,500 by the end of 2030—up from roughly $70 when the report was released Wednesday morning.
The bank expects the token to climb in stages, reaching $180 by the end of this year before accelerating to $600, $1,200 and $2,200 over the following three years before hitting the aforementioned projection.
AAVE hit an all-time high price above $661 back in 2021, but hasn’t come close to that mark since, despite rallying to nearly $400 in late 2024 following President Donald Trump’s reelection.
The optimism follows a rough stretch for Aave, which automates lending and borrowing without human middlemen. An April theft of $291 million from a smaller DeFi platform, KelpDAO, spilled over into Aave, impacting liquidity while spooking many DeFi users into withdrawing their assets altogether.
Deposits on the platform have roughly halved since, falling from $44 billion to $23 billion, while active loans have similarly fallen from $18 million to $9.5 billion in the same span. Aave's share of the broader lending market has slipped to 38% of deposits, Standard Chartered said, down from an average of 59% in the year before the incident.
Standard Chartered argues that the damage has largely run its course, pointing to a new risk framework proposed by Aave founder Stani Kulechov and a recent uptick in deposits from a June low. The bank's bigger bet is on the broader trajectory of decentralized finance: It forecasts that the value of tokenized assets deployed in DeFi will grow 37-fold, to $2.7 trillion, by 2030, fueled by the expansion of stablecoins, tokenized real-world assets from TradFi giants, and rising crypto prices.
Because Aave collects fees primarily through the spread between what it pays depositors and charges borrowers, the bank argues its revenue—and by extension its token price—should track that growth closely.
Still, the forecast carries substantial uncertainty. Standard Chartered itself cautions that scaling Aave's institutional lending arm, known as Aave Horizon, is "achievable but not yet proven," and hinges on partnerships with traditional finance firms that have yet to materialize at scale.
Digital asset prices also remain notoriously volatile, with Bitcoin falling to a 21-month low on Wednesday and most other major assets dipping alongside. AAVE rose above $77 earlier in the day, following the report’s release, but then gave up most of the gains as the market sputtered—but it has since topped $79, up nearly 9% on the day as Bitcoin starts to recover.
Alongside its projection of AAVE hitting $3,500 by the end of 2030, Standard Chartered’s report stated price targets of $40,000 for Ethereum (up from $1,614 as of this writing) and $500,000 for Bitcoin (currently $60,831).
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Aave climbed more than 15% in 24 hours to trade around $82.77, bucking a broad crypto selloff that dragged Bitcoin (BTC) below $60,000 for the third time in June.
While most major tokens fell in lockstep with a broader crypto leverage selloff, AAVE pushed higher on improving protocol fundamentals and fresh institutional attention.
USDT Deposits Signal Returning CapitalOn-chain data is driving some of the renewed interest. USDT deposits are flowing back into the protocol, with Aave’s Ethereum V3 Core market approaching $3 billion in stablecoin deposits.
The returning liquidity strengthens Aave’s lending capacity and improves yield opportunities for depositors, two factors that tend to attract additional capital to the Aave DeFi protocol.
Standard Chartered’s 50x Call Now in FocusThe rally comes a day after Standard Chartered initiated coverage on AAVE with a $3,500 price target by the end of 2030. The bank’s global head of digital assets research, Geoff Kendrick, described Aave as an on-chain bank. He flagged a 37-times increase in assets active in Decentralized Finance (DeFi) as the core driver.
Aave has continued to rally after the news from Standard Chartered. Image Source: BeInCrypto The Standard Chartered Aave price forecast ties most of its upside to tokenized real-world assets flowing into the protocol via Aave Horizon.
Meanwhile, Bitcoin’s brief drop below $60,000 on June 24 reflected broader risk-off pressure from AI stock and sustained ETF outflows.
AAVE’s rally through that backdrop suggests capital is selectively rotating into DeFi. This is a trend the longer-term AAVE outlook will need to sustain to validate Standard Chartered’s ambitious target.
KyberSwap today announced today its collaboration with Torus to offer an intuitive one-click wallet creation and management process using social media logins.
User-Friendly Wallet Management Comes to Kyber KyberSwap, a fast and secure non-custodial crypto exchange powered by Kyber Network, has integrated with Torus to allow users to seamlessly create a wallet directly through KyberSwap’s web interface with their Gmail or social media account.
The move comes as the DeFi segment of cryptocurrency continues to expand.
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Kyber is the 13th most significant protocol in the open finance market, with almost $4 million in total value locked at press time, according to DeFi Pulse.
Backed by Binance Labs, Coinbase Ventures, and Multicoin Capital, Torus is a simple and non-custodial gateway to the decentralized ecosystem of Web 3.0. It provides one-click social media login options such as Google, Facebook, Twitch, Discord, Reddit, and various fiat to crypto on-ramp services (including Wyre, MoonPay, and Ramp Network) in a single interface.
Using Torus does not require any browser extensions, installations or downloads.
KyberSwap Wanted to Remove Complexities Previously, KyberSwap’s services were only accessible to users who already owned an Ethereum wallet.
Integrating with Torus gives new users a better understanding of how Ethereum works. Sunny Jain, Head of Product at Kyber Network, said:
“We wanted a seamless wallet creation solution that most people will be instantly familiar with and one that abstracts all of the complexities and blockchain jargon typically associated with DApps. With these considerations, Torus was a natural choice for us.”
The tie-up could help bring new users into DeFi through a more intuitive interface on Kyber as it gears up for its Katalyst protocol upgrade. A Torus spokesperson said they were, “looking forward to mainstream and new users of DeFi to experience it for themselves.”
KyberSwap is accessible via its website and Android mobile app.
Disclosure: This article was edited by Paul de Havilland. For more information on how we create and review content, see our Editorial Policy.
Vitalik Buterin is one of the most influential people in crypto. He has amassed substantial wealth thanks to his role in creating Ethereum. We calculated his net worth.
Buterin wasn’t rich prior to creating Ethereum. His first major windfall was in 2014. That year he dropped out, at 20 years old, after receiving $100,000 through a Thiel Fellowship. From there his wealth only grew.
The crowdsale for Ethereum began in July of 2014 and raised Bitcoin worth, at the time, $18.3 million. From there, he was able to secure a six-figure salary from the Ethereum Foundation, the non-profit born out of the raise.
However, his main source of wealth is the hundreds of thousands of Ethereum tokens he was able to hold on to from the cryptocurrency’s pre-mine. This gave the foundation and its founders a little under 12 million ETH, which now represents about 11% of the circulating supply.
Though Buterin hasn’t publicly revealed his financial position, his wallet addresses and public statements are enough to get a decent estimate.
Vitalik Buterin’s Cryptocurrency Holdings Looking at his primary wallet addresses, Buterin owns about 352,000 ETH at a current value of $46 million. Between his three main wallets, he also holds ERC-20 tokens worth over $900,000.
These ERC-20s include Augur (REP), Maker (MKR), Kyber Network (KNC), and OmiseGO (OMG).
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However, he also said in February of last year that he held Bitcoin, Bitcoin Cash, Zcash, and Dogecoin worth over “10% the value of my ETH.”
Crypto Briefing calculated his Ethereum holdings on the day of his statement. Though he did not specify the precise investment in each of these coins, we gave each coin an equal allocation of 15% of the value of his ETH, adjusted by historic prices, for simplicity.
Adjusting his Ethereum holdings back to February 2019 levels, his holdings would amount to roughly 2,000 BTC, 58,000 BCH, 140,000 ZEC, and 3.6 million DOGE.
Assuming he held everything, these coins would make up 37% of his portfolio at current prices, or about $35 million.
Since then, the prices for these coins have fluctuated substantially, in line with the massive amounts of volatility in the market. At its peak in early 2018, Vitalik Buterin’s cryptocurrency portfolio was worth well over half a billion dollars.
Today, Vitalik Buterin’s cryptocurrency portfolio amounts to roughly $82 million, composed mostly of Ethereum, Bitcoin, Bitcoin Cash, Doge, and Zcash.
What is Vitalik Buterin’s Salary? Outside of his cryptocurrency holdings, Vitalik Buterin has also disclosed that he earns a six-figure salary from the Ethereum Foundation. The last time he commented about his salary he revealed he was making roughly $144,000 per year.
Though this may seem high to some, Buterin claims he was offered an even higher salary and didn’t take it. “Others in the foundation (ie. the ones who actually decided these salary numbers) offered me $185k at one point; I declined,” he said. For the executive of a multi-billion dollar enterprise this salary seems relatively modest.
Vitalik Buterin’s current salary is estimated at somewhere between $140,000 and $250,000.
Cash and Equity Holdings There’s more to the picture. Buterin also has a substantial portion of his wealth in cash. In March of 2019, in a now-deleted tweet, Buterin said that his “fiat holdings are well under $30m,” attributed to $8 million in charitable contributions he disclosed.
Looking at the rest of his finances, Crypto Briefing estimated his fiat holdings at $12 million, bringing his net worth up to $94 million.
But that isn’t all, Buterin also owns “significant corporate shareholdings” in two companies: Clearmatics and Starkware. Clearmatics is a London-based company designing protocols for DeFi while StarkWare is building privacy software using zero-knowledge proofs.
Buterin did not disclose the exact amount invested nor his equity holdings in each of the startups. To date, Clearmatics has raised $13 million and StarkWare has raised $36 million, according to Crunchbase.
Between his cryptocurrency holdings, cash, and equity, it’s possible to calculate the Ethereum co-founder’s wealth. Vitalik Buterin’s net worth is $100 million.
Disclosure: This article was edited by Mitchell Moos. For more information on how we create and review content, see our Editorial Policy.
Top five browser, Opera, has today announced a partnership with Unstoppable Domains, a blockchain-based domain startup. The integration will offer 80 million users access to the decentralized internet via the latest web 3.0 browser.
Opera Becomes the Latest Web 3.0 Browser The latest integration with the Opera browser will allow users to access blockchain-based domains. By typing “.crypto” as one would type “.com,” Opera users will now be able to access decentralized websites.
Decentralized websites are those not hosted on centralized servers like Amazon Web Services. Using services like Amazon’s, news outlets, and businesses hand off control to a third-party. The third-party then has the power to cut off access and effectively end a website.
Unstoppable Domains are, instead, supported by decentralized tools like blockchain technologies. Brad Kam, a co-founder of Unstoppable Domains, said,
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“We believe that tools like Ethereum and IPFS will create a better internet than what exists with DNS and ICANN. It’s just beginning, but this system could replace the old internet entirely.”
The latest partnership with the Opera browser may help accelerate the company’s ambitions. In integrating Unstoppable Domains with a top-five browser, over 80 million users will be exposed to decentralized websites. Kam said, “Our partnership with Opera means that users can now view a .crypto website just as easily as a .com website.”
These websites also behave as cryptocurrency wallets and allow users to make crypto payments.
As a web 3.0 browser, users can now use Opera to connect with MyEtherWallet, Coinomi, Kyber’s Dex, and even Anthony “Pomp” Pompliano’s podcast by adding a “.crypto” in place of a “.com.”
🆕️Thanks to @unstoppableweb , the KyberWidget is now hosted on IPFS, meaning it can be used by anyone, anywhere in the world! Surf the decentralized web by installing the chrome extension https://t.co/Y7PilmeEKS and easily swap between 70+ ERC20 tokens 🔄 at kyber.crypto! #DeFi https://t.co/7lT8yDtpaf
— Kyber Network (@KyberNetwork) March 26, 2020
Unstoppable Domains has been lining up various other partnerships in 2020.
On Mar. 4, the company released a Google Chrome extension to bridge users to Web 3.0. The Tim Draper-backed startup has also made it easier for users to build and host a web domain on either the Ethereum or Zillqa blockchains.
For its part, Opera has long been a crypto proponent. The browser announced an Apple Pay integration earlier this month that lets users buy cryptocurrencies like Bitcoin and Ether directly through the browser.
Disclosure: This article was edited by Liam Kelly. For more information on how we create and review content, see our Editorial Policy.
The combined trading volumes from Ethereum-based decentralized exchanges (DEXes) rose 53% to an all-time high of $668 million in March 2020. This is according to analytics from Dune.
Interest in DEXes on the rise At the time of writing, the total trading volumes from DEXs stood at slightly over $9 million, pushing weekly volumes to $70.7 million.
Combined, this is down 54% if measured as a trailing 7-days growth.
The three most active DEXes are OX, Kyber Network, and Uniswap, drawing over $6 million in USD terms.
This finding is consistent with a parallel finding from DappRadar that confirmed that Ox, Uniswap, and Kyber Network were the most active.
To be specific, OX had over $3.1 million worth of digital assets traded in the last 24 hours. This represents a market share of 33 percent, almost twice that of Kyber Network which stood at 17.7 percent.
DEX Market Share Ox, Uniswap, and Kyber Network are dominant However, the most interesting observation was the consistency of DEX trading. Over the last year, its growth has been linear and positive sloping.
For example, over the last nine months, volumes have almost doubled from $289 million of July 2019 to $668 million by the end of March.
“DEX volumes landed at an all-time high of $668 million for March! Up 53% from last ATH in February. Interestingly, it’s the first time DEX volumes are soaring on a falling ETH price.”
During this time, ETH prices fluctuated widely. After peaking in June 2019, bears took charge and forced a sell-off towards $130.
However, prices recovered in Dec 2019, rallying to around $290 before falling back to lows of $110 in March.
The growth, therefore, is amid a steep decline in ETH prices, a positive development.
Coincidentally, the drop was at the backdrop of drying liquidity in centralized exchanges.
DEX challenges and benefits Although dominant and scalable unlike DEXes, most of which are based in Ethereum and its scalability dependent on the network’s throughput, traders seem to have refrained from placing orders as asset prices took a beating from Mar 12-13.
Nonetheless, DEXes are secure than centralized versions as Binance or Coinbase. Traders have full control of their assets.
The prices of many altcoins dropped significantly post the market crash on 12 March. However, many are still optimistic that the coins will put up a good show through the course of 2020. Cardano’s Charles Hoskinson, for instance, is of the opinion that Cardano will outperform Bitcoin, Ethereum, XRP and every other blockchain in the industry by the end of 2020.
Cardano
There might be a lot of positive sentiment around Cardano, but one look at the coin’s price chart might suggest otherwise.
Cardano has been trending downwards since 13 February. The coin saw another major drop on 7 March [65% drop], a movement that continued following the market crash on 12 March. However, the coin rose up within 3 days by 64% and it has since, been maintaining the support at $0.02.
There is a symmetrical triangle pattern being formed in the above chart, a development that indicated that the price might break out in either an upward or downward direction. However, the Awesome Oscillator indicator resting above the zero line with green bars confirmed an upward breakout.
The 46th ranked coin on CoinMarketCap had a good start at the beginning of 2020. As seen in the chart above, there was an upward trend seen; however, following 12 March, the price has been on a downward run as it fell by 39% over a period of seven days. Furthermore, the Bollinger Bands appeared to be contracting, a sign that there might be lower volatility levels over the coming days.
Kyber Network’s[KNC] price has been on the rise since the end of December 2019. The network also experienced significant growth in transaction volume, and this might be the pre-effect of the major protocol upgrade scheduled for Q2 of 2020. Looking at the above price v/s volatility chart, it can be seen that the price has been rising upwards since Jan 1, although it experienced a slight glitch post the crash. The volatility levels are also low. Investors seem to be believing in the long-term potential of KNC.
Press time price:$0.434452
Market Cap: $78,163,694
24-hour Trading Volume: $28,299,657
Trading close to its yearly lows, 2020 has been a conflicting year for the second-largest cryptocurrency by market cap – Ethereum. Over the years, Ethereum has emerged as a leader in the DeFi space.
In the latest development, when compared to other “high-profile” ERC-20 based projects such as Kyber Network [KNC], ZRX, Reputation [REP] and Maker [MKR], Ethereum was observed to have stood out in terms of network growth over the past three months.
According to the crypto analytics platform, Santiment, the network growth which essentially shows the number of new addresses being created on the project’s respective network each day, is a key indicator of Ethereum’s long-term potential that looks promising.
Santiment further noted,
“Essentially, this chart illustrates user adoption over time, and can be used to identify when the project is gaining – or losing – traction.”
Despite the bearish price action of the crypto after the flash crash, its network growth has remained consistent throughout the past three months. The figures for the number of new addresses even climbed close to 95k in the third week of March, which happens to be a yearly high. This could be due to the intense spot trading by retail investors buying during the drop.
According to the data charted by Etherscan, Ethereum’s daily transaction chart has also been in an overall positive territory. Undeterred by the plummet in the second week of March, figures surged to 864k a few days later, a level unseen since November 2019.
In another development for the Ethereum ecosystem, the total amount of coins held on exchange addresses also soared. According to Glassnode’s latest chart, exchange balances for Ethereum has been on a rise since late 2019.
These figures have risen by over 21% to more than 18,187,000. This value represented approximately 16% of total Ethereum’s circulating supply. Additionally, the last time the figures for the total amount of ETH on exchange surged to this level was in December 2016.
On its price side, the cryptocurrency has been trading at $144.5, at press time, after a surge of 1.17% over the last 24-hours, as it held a market cap of $15.9 billion and a 24-hour trading volume of $15 million.
Enjin Coin (ENJ) is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. In this article, you can find answers to two frequently asked questions: What is Enjin Coin (ENJ) and how to buy Enjin Coin (ENJ) with TRY.
What is Enjin Coin (ENJ)?Enjin Coin is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. Enjin Coin provides developers with tools to seamlessly create and integrate digital assets, addressing long-standing issues of high fees and fraud in the transfer of in-game items and collectibles.
Enjin Coin offers software development kits (SDKs) that allow developers to create and manage digital assets on the Ethereum Blockchain. These SDKs enable developers to mint customizable assets and register them on smart contracts, leveraging the advantages of cryptocurrency such as speed, cost-effectiveness, and security.
At the heart of the ecosystem is the ENJ coin, the main network asset. Every in-game item created on the Enjin Coin platform is assigned a value in ENJ coin, providing a unified currency for transactions within the gaming ecosystem.
The primary use of Enjin Coin is to allow users to manage and store virtual goods for games. These products can range from in-game currencies to tokens representing unique game items. Enjin Coin facilitates the creation, exchange, and destruction of these items through a streamlined process.
Enjin Coin offers a native smart wallet that serves as a central hub for users to store and trade their digital assets. The wallet allows users to value their inventory across multiple games, trade with other users, and sell their digital products for ENJ coin, enhancing accessibility and liquidity within the Enjin Coin ecosystem.
How to Buy Enjin Coin (ENJ) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Enjin Coin (ENJ). On Binance TR, where you can quickly create an account, more than 100 cryptocurrencies, including ENJ, can be bought and sold. Follow these steps to buy Enjin Coin (ENJ) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. Go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, an email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or the official Binance TR website. Note that you will also need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify”. After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on the “Copy URL” option to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, you can continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photos you take can be easily read when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without interruption. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting the bank you prefer. If the bank you prefer is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is transfer the amount you want to deposit into your Binance TR account using the information displayed on the page of the bank you chose.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ENJ Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to ENJ coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the page below will open. By typing “ENJ” in the search section on the right side of this page and clicking on the ENJ/TRY option from the results, you can go to the TL to ENJ purchase page.
Now the ENJ trading page below will open. In this page, in the area marked with a red box, you need to enter the price at which you want to buy ENJ in the first box and the number of ENJ you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ENJ” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users are supported with Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews reported on April 16th that, according to SoSoValue data, expectations of a US-Iran ceasefire boosted market confidence, leading to a general rebound in the crypto market. The GameFi sector performed particularly well, rising 5.38% in the last 24 hours. Among them, Enjin Coin (ENJ) surged 50.96%, and ImmutableX (IMX) rose 9.13%. Meanwhile, Bitcoin (BTC) rose 0.07%, fluctuating narrowly around $74,000; Ethereum (ETH) rose 0.73%, remaining above $2,300.
In other sectors, Layer 2 rose 3.39% in the last 24 hours, with Starknet (STRK) up 8.36%; PayFi rose 2.31%, with XRP (XRP) up 2.87%; Meme rose 2.08%, with SPX6900 (SPX) up 6.63%; AI rose 1.75%, with Siren (SIREN) up 18.99%; DeFi rose 1.35%, with EdgeX (EDGE) up 13.05%; Layer 1 rose 0.88%, with Algorand (ALGO) up 3.59%; and CeFi rose 0.66%, with Gate (GT) up 2.60%.
Physical gold prices climbed to their highest level in a month as safe-haven demand spiked amid escalating geopolitical tensions.
At the same time, the move into bullion is spilling into digital markets. On-chain data shows a surge in the accumulation of tokenized gold assets.
Gold Prices Advance as Investors Seek SafetyGold rose 2% on March 2, reaching an intraday high of $5,394 per ounce, its highest level since January 30. At press time, the price had adjusted to $5,363.7.
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Gold Price on March 2. Source: TradingViewThe catalyst was direct: US and Israeli strikes on Iran sparked safe-haven flows into precious metals across global markets. Monday’s flare-up injected additional momentum into the precious metal’s broader rally. Gold has delivered notable returns, rising approximately 65% in 2025 alone.
For crypto participants, the timing mattered. With digital asset markets simultaneously experiencing renewed volatility, tokenized gold offered a path to preserve gold exposure without relying on traditional finance rails.
Major Purchases Highlight Tokenized Gold DemandOn-chain analytics firm Lookonchain identified an inactive wallet that spent $1 million USDC to buy PAX Gold (PAXG) and Tether Gold (XAUT) tokens. The address, labeled 0x1C70, performed multiple swaps over several hours and still holds $4 million USDC.
“The wallet still holds 4M USDC and may buy more,” Lookonchain said.
Additionally, an Ethereum whale rotated holdings from ETH into XAUT while accepting a realized loss. OnchainLens reported that the wallet (0x744b) swapped 1,000 ETH, valued at $1.94 million, for 358.49 XAUT at $5,413, incurring a loss of over $60,000.
“Over the past 2 years, the whale received 1,645 ETH for $3.26 million and still holds 645 ETH ($1.25 million),” the post read.
Meanwhile, London-based asset manager Abraxas Capital Management’s gold holdings also rose. An on-chain analyst, citing data from blockchain intelligence platform Arkham Intelligence, reported that the firm received 28,723 XAUT tokens, valued at $151 million, from Tether’s treasury. The transfer marked the largest XAUT transaction recorded in the past three weeks.
“Interesting fact: Heka Funds (Abraxas Capital) is one of Tether’s largest and most important institutional clients. At one point, it held 1.5% of the total USDT supply. Among Tether’s publicly disclosed on-chain address clusters, it currently ranks as the second-largest entity by interaction volume,” the analyst added.
The increase in tokenized gold accumulation corresponds with greater interest in alternative stores of value within crypto. Investors may favor gold-backed tokens for price stability and potential gains linked to metals markets, while risking less from the volatility typical of many digital assets.
BeInCrypto recently reported that the tokenized gold sector has recorded significant expansion, with its market capitalization now exceeding $6 billion. Furthermore, according to CoinGecko, daily trading volumes for both XAUT and PAXG surpassed $1 billion yesterday, signaling strong investor demand.
Whether this is a temporary flight to safety or marks a sustained move toward commodity-backed digital tokens remains a question as March 2026 progresses and more on-chain data emerges.
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PANews reported on March 30 that, according to Cointelegraph, Walmart-owned OnePay added SUI, Polygon, and Arbitrum to its cryptocurrency portfolio last Thursday. In the preceding days, the platform had already listed 10 tokens, including Solana, Cardano, BitcoinCash, and PAXGold, bringing the total number of newly added cryptocurrency tokens to more than ten.
OnePay launched its cryptocurrency service in January of this year, initially offering only Bitcoin and Ethereum trading. Ron Rojany, General Manager of OnePay's Core Applications and Crypto Business, stated that the platform will cautiously expand into crypto assets, prioritizing asset demand, liquidity, regulatory clarity, and long-term usability, focusing on meeting users' actual needs rather than chasing popular assets. OnePay positions itself as a US version of WeChat, a super app that already offers high-yield savings, credit cards, loans, and other banking services. Its digital wallet can be used for payments at Walmart physical stores and on the Walmart website.
