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As the broader crypto market consolidates, one industry analyst has identified a select group of altcoins that could see exponential gains during the anticipated “super-cycle” expected in the latter half of 2024. In a detailed social media post, the analyst, known as OxNobler, delves into the cyclical nature of the crypto market and highlights the factors driving the impending uptrend phase.
Crypto ‘Supercycle’ Imminent? According to OxNobler, the crypto market consistently follows a four-phase cycle: Accumulation, Markup (Uptrend), Distribution, and Markdown (Downtrend). The analyst argues that understanding these distinct phases is crucial for investors seeking to capitalize on low cap altcoins and market trends to maximize their returns.
“We are currently on the brink of entering the Uptrend phase, which is set to be fueled by a confluence of factors, including the upcoming US election, potential rate cuts, the global adoption of crypto ETFs, continued technological advancements, and shifts in China’s regulatory landscape,” explains OxNobler.
Drawing on this market insight, the analyst has curated a list of six altcoins that are poised to experience substantial growth during the anticipated crypto super-cycle.
These tokens span a diverse range of sectors, including artificial intelligence (AI), decentralized finance (DeFi), real-world asset (RWA) tokenization, and more.
6 Low-Cap Altcoins Tipped To Skyrocket First on the list is Numerai (NRM), an Ethereum-based platform that allows developers and data scientists to experiment with and create more reliable machine learning models.
With a current price of $11.75 and a market capitalization of $86 million, the analyst believes Numerai’s positioning in the trending AI sector makes it a compelling investment opportunity.
Another altcoin highlighted is TokenFi (TOKEN), a crypto and RWA tokenization platform aiming to simplify the tokenization process and emerge as a leading player in the space. Currently trading at $0.06 with a $60 million market cap, TokenFi’s role in bridging the gap between traditional and decentralized finance is seen as a key growth driver.
Ravencoin (RVN), an open-source proof-of-work blockchain enabling the issuance and control of utility tokens, non-fungible tokens (NFTs), and other digital assets, also makes the list.
With a market price of $0.015 and a $223 million market capitalization, Ravencoin’s positioning in the growing DeFi sector adds to its potential upside.
The Fluence Project, with its native token FLT currently valued at $0.27, is another intriguing prospect. As the first decentralized “Cloudless” computing platform, Fluence aims to provide an open alternative to the dominant cloud computing giants, aligning with the analyst’s bullish outlook on the AI sector.
Realio Network (RIO), an end-to-end blockchain-based platform for the issuance, investment, and management of digital securities and crypto assets, is also included. Trading at $0.89 with a modest $5 million market cap, Realio Network’s focus on the RWA tokenization space is seen as a notable bullish catalyst for the analyst.
Last on the list, is the largest altcoin among the six by market cap, Pendle (PENDLE), a protocol enabling the tokenization and trading of future yield, rounds out the list. Currently priced at $2.63 with a market capitalization of $419 million, Pendle’s positioning in the DeFi sector aligns with the analyst’s broader thesis.
The daily chart shows PENDLE’s price downtrend experienced over the last months. Source: PENDLEUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
In a pattern that has been rinsed and repeated countless times this year, crypto markets are crumbling as Bitcoin failed to hold support. The altcoins are still hopelessly tied to their big brother so any pain for it is magnified for them.
Over $20 Billion Exits Crypto Space Over the past 24 hours crypto markets have shrunk to their lowest levels for almost three months. As billions left the space total market capitalization plummeted to $245 billion. All gains since late May have now been wiped out and altcoins are in danger of returning to their crypto winter levels if the rout continues.
total market cap YTD – coinmarketcap.com According to Tradingview.com Bitcoin dominance is still at 71.5% despite a thousand dollar dump. This means that the altcoins have suffered greater losses today, many of them in double digit declines. Bitcoin’s intraday high to low marks a loss of around 9% however the pain is greater elsewhere on crypto markets.
Ethereum, which has seen prices eroding for the past two months, has capitulated below $170 in a 10 percent plunge overnight. A death cross on the four hour chart a few days ago is about to be repeated on the daily chart as the 50 day moving average drops closer to the 200 day MA. This is a major bearish indicator which signals continuation of the down trend.
Development work on the Ethereum network is still ongoing with six new upgrades planned in the Istanbul hard fork slated for mid-October. This has not prevented the bears dumping the asset in panic over big brother’s fall through support however.
There has been little love for XRP either as the Ripple token gets crushed back to a yearly low of $0.25. A lot of bad press and FUD has inspired little confidence in the world’s third largest crypto asset recently.
The rest are faring no better with double digit losses for Litecoin, Binance Coin, EOS, Monero, Cardano, Tron, Dash, Ethereum Classic, Tezos and Chainlink. There are only a handful of low cap altcoins surviving the purge today and they include Golem, SOLVE and HedgeTrade.
The mess has not been missed by industry observers with RT anchor, Max Keiser, commenting;
“#Bitcoin dominance climbs as alt-season fails to materialize and alts resume downward trek to oblivion. BCH and BSV have another 90% drop to go.”
#Bitcoin dominance climbs as alt-season fails to materialize and alts resume downward trek to oblivion. BCH and BSV have another 90% drop to go. pic.twitter.com/muSHYRh6H1
— Max Keiser (@maxkeiser) August 29, 2019
Time to Be Bullish on Altcoins? Some are clinging perilously onto hope however and see opportunity in the misfortune of many crypto assets. ‘WelsonTrader’ tweeted;
“Accumulating some alts within the next 24 hours, as I think we may see a bounce here! Bitcoin may also bounce at support around $9500-$9550! If we break below that, expect a blooody week!”
All eyes are on Bitcoin’s next move as the alts are bound to follow. At the moment it is also clinging perilously onto support around $9,450, but teetering on the edge of a deeper chasm.
The prolonged downward pressure in the cryptocurrency market could come to an end as the trapped bulls gear up for much-needed upward price momentum.
Chainlink:
Chainlink recently announced teaming up with cryptocurrency lender Celsius. Its native LINK token has been one of the best-performing assets during the 2020 crypto rally. This trend did not last long as it flipped bearish after the market downturn in the second week of March. However, there has been a reversal in this pattern.
At press time, LINK held a market cap of $746.4 million with a price of $2.13. It was up by 1.48% while registering a trading volume of $203.7 million over a period of 24-hours.
Resistance: $2.34, $2.59
Support: $1.94
MACD: MACD indicator exhibited bullish projection for the coin in the near-term as the signal line was hovering below.
CMF: CMF indicator was also bullish for the token
OKB:
The cryptocurrency platform, OKEx had recently announced that its exchange token, OKB has expanded 5 new application scenarios internally and externally and 5 new trading channels for spot trading. This token has also witnessed mild bullishness after sustaining major losses during the first part of March.
At press time, OKB was trading at $4.16, holding a market cap of $249.6 million. Additionally, it recorded a trading volume of $202.5 million and was up by 1.88% over the last 24-hours.
Resistance: $4.515
Support: $3.75, $3.35
Parabolic SAR: The dotted markers present below the OKB price candles depicted a bullish trend for the coin’s price in the near-term.
Awesome Oscillator: AO also aligned with the bulls.
Hedge Trade:
According to David Waslen, CEO of HedgeTrade, the project is essentially based on price predictions stored on the Ethereum network and driven by the smart contracts. A relatively new project, HedgeTrade is planning to add more assets for the traders on its platform.
In terms of its price, HEDG token was trading at $1.62 after rising by 1.63% over the last 24-hours. At press time, the 21st largest cryptocurrency registered a market cap of $467.1 million and a 24-hour trading volume of $456,041.
Resistance: $1.76, $2.07
Support: $1.52, $1.29
Klinger Oscillator: With the signal line below the leading line, KO indicator suggested a bullish phase for the token.
RSI: The RSI was in the overbought zone, this was indicative of a significant buying pressure among the investors in the HEDG market.
SharpLink Gaming has announced a $200 million capital raise aimed at expanding its Ethereum treasury. As ETH solidifies its role as programmable money and a yield-bearing asset through staking, SharpLink is betting big on its long-term potential. The raise positions the company among a rising class of corporates reshaping capital strategy around blockchain-native assets.
Why SharpLink Is Going All-In On Ethereum In an X post, SharpLink Gaming shared an update stating that the company has secured $200 million capital raise through a direct offering priced at $19.50 per share, and has been backed by four global institutional investors.
According to the company, the capital will be strategically deployed to expand its ETH treasury holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed $2 billion, placing it among the most ETH-heavy corporate treasuries globally.
The company focuses on accumulating ETH, staking ETH to earn sustainable on-chain yield, and consistently growing ETH-per-share for long-term shareholders. Ethereum is becoming the foundational layer of global finance infrastructure for tokenized assets, and SharpLink is built to capture that upside.
According to the DuRtY_Crypto post, Vitalik Buterin recently pointed out that ETH treasuries are increasingly valuable, not just as a store of ETH, but as a different vehicle for people to have access to ETH. Instead of simply buying ETH and holding it, investors are turning to companies that hold and manage ETH treasuries.
DuRtY_Crypto has outlined the irony that was unseen between the Bankless crew, who quickly celebrated the mainstream validation. The PulseChain Sacrifice Wallet has skyrocketed to become the 5th-largest ETH holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the wallet was already commanding attention as the largest DAI holder across all chains. Thus, the expert has commended Richard Heart, the controversial figure behind PulseChain, for executing a strategic pivot that few saw coming.
Ethereum Activity Heats Up As Transaction Volume Nears ATH While prominent figures are raising capital and increasing the ETH treasury’s value, CoinW has also revealed that Ethereum on-chain momentum is surging again. According to data from Etherscan, the network processed 1.87 million transactions on Aug 6th, nearing its all-time high of 1.96 million, which was set back in January 2024.
Meanwhile, the validator queue data shows the ETH pOs exit queue has dropped significantly to 443,164 ETH, worth roughly $1.612 billion. Following the decline, the average exit wait time now sits at 7 days and 17 hours.
With UK regulators officially lifting the ban on crypto exchange-traded notes (cETNs) for retail investors, as reported by CoinW, Ethereum’s performance may experience notable growth. This move signals a major policy shift toward embracing digital asset markets. Furthermore, it will allow individuals to engage in these risk-bearing financial products at their discretion, a move seen as aligning the UK more closely with the global crypto market.
ETH trading at $3,912 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com
The announcement of the launch of mUSD, Metamask’s native stablecoin, marks a strategic milestone for the crypto ecosystem. Indeed, by partnering with Bridge, a Stripe subsidiary, and the decentralized infrastructure M0, Metamask is not just adding a feature: it is reshaping the contours of decentralized finance as we know it.
In brief Metamask launches its stablecoin mUSD, in partnership with Stripe’s Bridge and the decentralized infrastructure M0. mUSD is natively integrated into the wallet for DeFi and will be usable in the real world via Mastercard. Supported by a favorable regulatory framework, Metamask hopes to impose mUSD against the giants Tether and Circle. Metamask, long recognized as the world’s most used self-custody wallet, takes an unprecedented step by integrating a native stablecoin.
Named mUSD, it is not conceived as a simple dollar-pegged token, but rather as the cornerstone of transactions across Ethereum and the Layer 2 solution developed by Consensys.
Its goal is clear: to offer a stable unit of account to navigate the jungle of dApps and DeFi protocols.
Until now, users had to juggle between USDT, USDC or DAI. With mUSD, Metamask introduces a native asset, fully compatible with its own ecosystem, thus reducing dependence on third-party stablecoins.
As a result, this choice strengthens its position in a silent war where every player seeks to capture liquidity.
From a functional perspective, mUSD will be available directly within the Metamask app.
Indeed, deposits, swaps, cross-chain transfers or value bridging: the user will be able to manage all of this in a few clicks, without going through external services.
An integration designed for the real world: Mastercard in sight Beyond purely crypto use cases, Metamask plays the card of massive adoption. Moreover, the company plans to enable, by the end of 2025, spending mUSD in the physical world via the Metamask card, compatible with the Mastercard network.
Concretely, this means a user will be able to pay for purchases at millions of merchants without having to convert their funds into fiat currency beforehand.
This bridge to the real economy is far from trivial. Indeed, it brings the initial promise of stablecoins, the fluidity of global payments, closer to a concrete and tangible application.
Thus, by simplifying the user experience, Metamask hopes to transform mUSD into an exchange standard, both in DeFi and in everyday life.
With the backing of Stripe via Bridge, the initiative gains regulatory credibility and operational robustness.
Furthermore, Stripe is not a minor player: its expertise in global financial flows allows it to provide the compliance layer and reserve management essential to the project’s stability.
A launch that fits into a regulatory turning point The timing is no coincidence either. In the United States, the GENIUS law has finally established a clear federal framework, laying the regulatory foundations for payment stablecoins. This regulatory progress removes much of the uncertainty that hampered innovation and adoption.
Thus, Metamask takes advantage of this window to position itself ahead of the competition.
By combining compliance, decentralized infrastructure M0 and smooth experience, mUSD is now established as a key player in the stablecoin era.
In a market dominated by Tether and Circle, Metamask bets on the ecosystem: users, native integration, real gateway. Consequently, so many assets could turn mUSD into a credible and sustainable alternative.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms.
Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its position as the largest stablecoin.
However, the Motley Fool team has identified three emerging contenders that are poised to disrupt the company’s dominance and present significant competition.
Tether commands nearly 60% of the stablecoin market, but it has not been without controversy. In 2021, the Commodity Futures Trading Commission (CFTC) fined Tether $41 million for “misleading claims” regarding its reserves, which were allegedly not fully backed by US dollars.
Furthermore, Tether’s current reporting practices do not align with the requirements set forth by the recently passed GENIUS Act, which mandates stablecoin issuers to publish monthly disclosures about their reserves.
Notably, the stablecoin issuer only provides these reports on a quarterly basis, potentially opening the door for competitors to capture some of its market share, at least in the United States.
Among the most prominent challengers highlighted is USD Coin (USDC), which boasts a market capitalization of approximately $68 billion. Like Tether, USDC is a fiat-backed stablecoin; however, it has not faced any legal scrutiny regarding its reserves.
The issuer, Circle, has consistently published monthly attestations since USDC’s inception in 2018. The Motley Tool team asserts that this commitment positions USDC as Tether’s primary competitor, especially as regulatory compliance becomes increasingly crucial.
The competitive landscape is further complicated by regulatory developments in Europe. Under the European Union’s Market in Crypto-Assets Regulation (MiCA), stablecoin issuers must obtain regulatory approval and meet strict reserve requirements.
Circle has already achieved compliance with both USDC and its Euro stablecoin, EURC, while Tether has opted to withdraw from the European market entirely.
A New Contender With Ties To XRP Another contender is Dai, now rebranded as USDS, which differentiates itself by adhering to the principles of decentralization. Unlike Tether and USDC, Dai is managed by Sky, previously known as MakerDAO, a decentralized autonomous organization.
This structure allows anyone holding SKY governance tokens to participate in decision-making processes concerning Dai. Rather than being backed by fiat reserves, Dai is a crypto-backed stablecoin, relying on overcollateralized crypto loans.
Lastly, Ripple USD (RUSD) enters the fray as a smaller player with a market cap of around $667 million. Despite its size, the Motley Fool asserts that RUSD’s connection to XRP makes it a formidable competitor.
Ripple, the company behind XRP, has launched RUSD as part of its payment solutions for financial institutions, focusing on efficient cross-border transactions.
Additionally, RUSD has received regulatory approval from the New York State Department of Financial Services, which adds a layer of credibility and could help it gain traction in the market.
Despite the potential threat, Tether’s figures far surpass those of these three challengers. This suggests that the firm’s reign in the stablecoin market may continue for some time. One thing is certain, though: stablecoins are making a notable entrance into the broader financial landscape.
The daily chart shows the market’s total capitalization dropping toward $3.75 trillion. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com
Ethereum co-founder Joseph Lubin moved 80,001 ETH worth roughly $122 million from a wallet that sat untouched for more than three years, reviving fears of founder selling as the token slid toward $1,500.
The transfer drew attention because dormant founder wallets rarely move during market stress. On-chain trackers later showed the ether never reached an exchange, complicating the sell pressure narrative that formed within minutes.
Why The Lubin Transfer Rattled TradersEthereum was trading for $1,575 as of this writing, down about 5.9% over 24 hours, according to BeInCrypto data.
The token has shed approximately 22% across the past week, leaving holders sensitive to any large movement.
Ethereum (ETH) Price Performance. Source: BeInCryptoNansen analyst Alex Svanevik first flagged a 40,000 ETH outflow, then revised the figure to 80,000 ETH across two transactions.
On-chain analysts soon traced the address tied to Lubin, which still holds about 243,300 ETH worth near $370 million.
The timing fed existing anxiety. Ethereum spot ETF demand had already collapsed, and Ethereum buying has cooled sharply during the slide.
On-Chain Data Points To MakerDAO, Not An ExchangeThe bear case rested on where the coins might land next. Moving tokens to an exchange often indicates intention to sell.
“If any portion of this reaches spot order books during an already-stressed ETH market, it adds meaningful sell pressure,” said one user.
However, on-chain trackers reached a different read. The ether moved to two wallets and was supplied into MakerDAO, with about $209 million in Dai (DAI) borrowed against it.
That pattern points to collateral management aimed at reducing liquidation risk, not distribution.
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Lubin has long held a bullish stance on ETH, which makes outright selling near multi-month lows harder to read as exit behavior.
Whether the remaining 243,300 ETH stays parked will likely shape near-term sentiment.
Traders are now watching for exchange deposits that would confirm distribution rather than DeFi collateralization.
Ethereum ETF Flows Add To The PressureSpot Ethereum ETFs briefly interrupted a 17-day outflow run on June 4, taking in $19.3 million, according to SoSoValue data.
However, outflows resumed the next day, with about $6 million leaving on June 5.
Ethereum ETF Flows. Source: Farside InvestorsThe reversal showed how fragile demand remains after two weeks of outflows and a broader crypto risk-off tone.
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Navigating The Complexity: Challenges For New Users With WETH Table of Contents
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MoonBag Best Crypto Coin Presale: User-Friendly, Stable, And Secure? MoonBag, featuring a cute monkey mascot, is currently offering the best crypto coin presale for efficient crypto investments. Built on the popular Ethereum platform, MoonBag ensures all transactions are transparent and publicly recorded. Starting with a strong $3.5 million liquidity pool, the project will use 20% of presale funds and trading fees to buy back MBAG coins, which will be burned over time.
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Buyback And Burn Strategy MoonBag always planned for price stability after its launch. From the beginning, 20% of the presale funds will be set aside to support buyback and burn events once MBAG coins are live. These events will reduce the total supply of MBAG coins, which could increase their value. Experts think this strategy will lead to a big rise in the MoonBag price. Investors can hold onto their coins and expect their value to grow after the launch due to these planned burns.
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Conclusion MoonBag is a great investment opportunity in the crypto world. Unlike Wrapped ETH and LEO Token, MoonBag offers a user-friendly and secure platform with strong growth plans. It’s built on Ethereum, ensuring transparency and security. With its buyback and burn strategy and a solid liquidity pool, MoonBag is set for a big price increase. Right now, during stage 7 of its presale, MBAG coins are priced low, making it a perfect time to invest. Set up your crypto wallet, visit MoonBag’s website, and join the best crypto coin presale to take advantage of this chance.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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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%.
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.
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