Market Wrap Crypto markets are still sluggish; Tron, Litecoin and Maker moving, Stellar slides and the rest are immobile. Crypto markets are still inactive today as volatility and volumes shrink and red dominates the majority of cryptocurrencies. There has been very little movement in either direction and total market capitalization is still weakened below $115 billion.
Bitcoin hit resistance twice at $3,470 during the past 24 hours, pulling back both times. It is currently trading at $3,460, the same as yesterday with further declines looking likely. On the week BTC has hardly moved at all as it consolidates below $3,500.
Ethereum is still weak at around $107, again with very little activity over the past 24 hours. XRP has fallen back over a percent on the day to below $0.30 as the gap to third place shrinks back to $1 billion.
Most of the top ten is in the red at the time of writing but a couple are bucking the trend and making gains. Tron is the top performer in this section during Asian trading today with a gain of 6%. The momentum is likely to be coming from the BTT token what has increased 600% in price since the ICO last week. Tron has been the top performing altcoin in the top thirty this year and daily volume has doubled to $380 million.
Litecoin has also had a good week with slow but steady gains as it takes and holds sixth spot above Tether. Stellar continues to slide with another 5% lost on the day.
The top twenty is mixed with Maker getting a 6% spike at the moment as it moves up the chart. Binance Coin is also posting a gain of 2.5% but the rest are immobile or falling back slightly.
A very obscure fomo pump has occurred with Bitcoiin (yes, that is the correct spelling), as it surges 350% at the moment. Pundi X and Theta are both having a good day with 15% gains at the moment. Getting dumped is Revain, Nexo and Aurora with 12% losses at the time of writing.
Total market capitalization is pretty much where it was this time yesterday, $113 billion. Daily volume is still the same at $16 billion and things are very quiet in crypto land. There has been very little activity over the past seven days indicating that the next major movement will probably be down again.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
Market Wrap Crypto markets consolidating again; Binance Coin, Dash and Maker are moving, the rest slipping slowly. As widely predicted the crypto market pump was just that as things are starting to dump again today. The movements have been minor but the majority are in the red at the moment as market capitalization slips back to $120 billion.
Bitcoin did not get close to $3,700 today so new resistance levels are forming lower again. Around $3,650 seems to be its stability point for the time being but dips are not being supported and Bitcoin could drop lower, it is currently down half a percent on the day.
Ethereum has held on to second place by not moving over the past 24 hours. Still trading at $120 ETH could get some momentum from the Constantinople hard fork which has been delayed until the end of the month. XRP has lost a little more ground today and the gap between the two is currently just over $200 million.
Most of the top ten are falling back during the Asian trading session today. Tron has dropped the most despite the BTT airdrop today as TRX loses 3.5%. Bitcoin Cash is not far behind with a 3% slide. Only Binance Coin is making progress today adding another 2.5% as it closes the gap on Stellar in ninth which has dumped another 2%.
There are two big movers in the top twenty at the moment. Dash and Maker have added a further 7% on the day trading at $83 and $495 respectively. The Maker dev fund was moved to a new multisig wallet two days ago which caused the CMC market cap spike and the flipping of ETC and NEM. NEO and Zcash have also added 3.5% each to their prices over the past 24 hours but IOTA and NEM continue to slide.
There are no major pumps occurring in the top one hundred at the time of writing. Huobi Token is the best performer adding 15% followed by MOAC with a 12% rise. Getting bashed is yesterday’s pump; Quant followed by Revain both shedding 10% in predictable dumps.
Total market capitalization has not really moved overnight and is still at $120 billion. No further gains for the big cap coins look likely so further consolidation is expected in this channel for the time being. Volume is still at $20 billion and markets are still 6% higher than they were this time last week.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
Market Wrap Crypto consolidation continues; Litecoin still inching up, NEO making progress, everything else is flat. Crypto markets are looking a little erratic as we enter the weekend but in the grand scheme of things nothing has changed over the past seven days. Total market cap has crept up marginally but most tokens are still consolidating within their slim boundaries.
Bitcoin has bounced of intraday resistance levels of $3,640 twice but is still holding above major support at $3,600. Lower highs have been made all week indicating that BTC is likely to turn bearish soon, especially if it falls below the key $3,600 level.
Ethereum is stable at $123 still, it has not moved a bit over the past 24 hours and remains where it has been since mid-week. XRP is slowly weakening and the gap between the two has now widened to $450 million.
There has been so little action for the majority of the top ten that they are showing tenths of a percent change over the past day. Litecoin is the biggest mover with 2% as it pulls away from EOS and increases the market cap gap between them. Very little else is going on in this section.
NEO is today’s top coin in the big twenty as it adds 3% on the day. Tezos is creeping back towards a top twenty place adding 2% but it is still a way off Zcash. Maker and NEM are dumping 4-5 percent following a couple of days of reasonable gains.
There are only two altcoins in double digits at the time of writing. Ontology and Aelf have added 16% a piece during the Asian trading session. The Parity Games partnership appears to be driving momentum for ONT. There are no big dumps going on at the messy end of the top one hundred but the day’s worst performers are Aurora and Revain.
Total market capitalization has not moved over the past 24 hours and remains a fraction higher at just over $121 billion. Markets are still range bound in a very tight channel where they have been all week. There are no signs of momentum in either direction and the tedium continues in crypto land.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
Crypto markets marching upwards again; EOS and Litecoin leading the charge, BNB cools off. EOS up 16% from $3.3 to $3.83 in 48 hours. Market Wrap Momentum is gaining once again on crypto markets following a little cooling off yesterday. Most cryptocurrencies are in the green at the moment and total market capitalization has topped $135 billion for the first time in six weeks.
Bitcoin hit resistance again at $4,000 twice in the past day but it has not fallen back and is holding there at the time of writing. It is currently up 1.3% from yesterday’s minor correction but has failed to break this crucial level. The next move for BTC is likely to be a big one.
Ethereum has regained momentum and has moved up a further 3% on the day to reach $148. ETH remains well supported and the next resistance level is at $150. The gap to XRP is almost $2 billion again as the Ripple token makes minimal progress today.
The top ten is green once again and EOS is the day’s leader with a gain of 8% taking it to $3.90. Litecoin has also had a very strong few hours with 7% added increasing its market cap over $3 billion and breaking through a crucial psychological resistance level of $50. Stellar has also shifted gear today with a 6% rise as it pulls away from Tron.
EOS Surges 16%, Source: TradingView The top twenty is equally buoyant during Asian trading today with everything bar Binance Coin in the green. Maker is yet again the top performer in this section with another 5.5% added on the day. Most other coins here are making 2-3 percent as the rally pushes slowly higher.
REPO and Crypto.com’s MCO token are getting a dose of FOMO at the moment as they both have risen by 20%. There are no big dumps currently but Revain is currently the top one hundred’s worst performer losing almost 5% on the day.
Source: Coinmarketcap.com Total crypto market capitalization is still moving up and has retained momentum. It is currently 2.2% higher on the day as it pushes through a six week high of $136 billion. Daily volume has fallen back below $30 billion though but it has maintained strong levels. Since last Thursday markets have made over 12% and hopes are that this will continue.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets have found a new level; Binance Coin pumping hard, EOS and Maker still sliding. Market Wrap Monday’s crypto market dump has found a new level and the selloff has abated over the past 24 hours. This has prevented another huge rout though further losses cannot be ruled out. Total market capitalization has stabilized above $125 billion for the time being.
After dumping $100 yesterday Bitcoin has found a new channel around $3,760 where it has traded for the past day. Daily volume is back up to nearly $9 billion for BTC but it appears to be all bearish at the moment. As predicted Bitcoin fell after failing to break strong resistance at $3,900, all indicators suggest that further losses are imminent.
Ethereum has leveled out at around $127, dropping a further percent or so on the day. All of February’s gains are getting wiped out as ETH continues to weaken and follow in the shadow of Bitcoin. XRP has not fallen in the same magnitude which has reduced the gap between second and third places to just $800 million. The Ripple token is currently trading at $0.305.
Binance Coin price 24 hours. Coinmarketcap.com Only one altcoin is surging in the top ten during today’s Asian trading session and it is developing a pattern of its own. Binance Coin appears to be behaving like a stablecoin; it pumps when markets dump. BNB is currently up 10.5% as it hits an 8 month high of $12.50. Binance boss CZ appears to have taken over from Justin Sun for volume of twitter posts in any given day;
Either way his exchange backed token is flying at the moment as it surges past Stellar and Tron to take eighth spot by market cap which is currently $1.7 billion. Changpeng Zhao’s current AMA and recent DEX announcements are driving momentum for BNB. Tron is the only other altcoin in the green in the top ten as it made almost 3% over the past 24 hours.
Looking further down at the top twenty Bitcoin SV is having a rare bounce as it adds 4% on the day taking its price to $66.50. The rest are still in the red with Maker shedding the most at 5%. Monero, NEM and Zcash are all still weak with further losses of 3% today.
FOMO: MOAC on The Move Today’s fomo induced pump is MOAC which is up 14% at the time of writing. There does not seem to be much driving momentum for this multi-level blockchain scaling platform so it could well be tomorrow’s dump. Also getting a boost at the moment is Loom Network with a 12% pump.
Following a couple of days of fomo, Ravencoin is cooling off today as it becomes the top one hundreds biggest loser dumping 13% on the day. Revain and Bitcoin Gold are not far behind as they both shed 12% making up the only three to drop double digits at the moment.
Total crypto market capitalization has found a temporary floor at $126 billion following the $4 billion dump yesterday. Daily volume has crept back up to $28 billion but signals are bearish and the selloff is likely to continue. Crypto markets are at exactly the same place they were three months ago as the consolidation continues.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo. Market Wrap As expected crypto markets are finally dumping as we end the week. Over $16 billion has been lost as markets fall from their 2019 high back to $170 billion or so. Bitcoin initiated the dump but so far has remained above key support levels. It is the altcoins that are bleeding today.
Bitcoin fell below $5,000 for the first time in a week and settled at $4,950 before recovering slightly. The failure to break resistance at $5,400 has sent BTC back down as it drops around 4% on the day. Many had predicted this pullback and foretell further losses back to major support at $4,600 where the 200 day moving average is.
Ethereum has fallen harder as expected with a drop of 5% back below $165 again. There was no push to $200 for ETH which is still rising and falling along with its big brother. The gap between it and XRP in third is now much larger though at almost $4 billion market cap.
The top ten is a sea of red during today’s Asian trading session. The altcoins are getting hammered, some by double digits. Litecoin is losing 9% today as it falls back to $77, EOS and Bitcoin Cash are not doing a great deal better with 24 hours loses of 6 – 7 percent. Stellar and Cardano have both dumped 5% as Tether moves back up the chart.
The top twenty is awash with equal pain as Bitcoin SV, Ontology and Maker dump ten percent a piece. Close behind is Tron, NEO and Ethereum Classic with losses of over 6% on the day.
FOMO: Crypto.com Crushing It Despite the massive market correction Crypto.com’s Chain is flying today with a 25% fomo pump to $0.093 (1860 satoshis). There does not appear to be much driving the fomo, the only recent news is that the company donated $500k to Binance charity. South Korean markets are dominating trade in CRO with Upbit taking 40% of the total volume.
TrueChain is also getting fomo today with a 20% pump and Lambda is the third altcoin in double digits at 17%. KuCoin Shares are still getting dumped with a further 11% lost today. ABBC Coin and Revain, the usual suspects, are also dumping 10% each following recent pumps.
Total market capitalization 24 hours. Coinmarketcap.com Total crypto market capitalization has lost 5.5% in 24 hours falling from around $180 to just below $170 billion. Markets reached a new 2019 high on Thursday with a brief surge to $186 billion but since then $16 billion has been wiped out. This could be a short term pullback or the beginning of a final capitulation that so many analysts have been talking about.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Crypto markets pulling back; Bitcoin dominance rising, BNB and Cardano falling, BAT getting attention. Market Wrap Crypto markets have held gains largely thanks to Bitcoin’s rally yesterday. Total market capitalization remains over $180 billion at the time of writing as BTC eats into the altcoins while its dominance climbs to the highest levels this year.
Bitcoin surged through $5,600 yesterday and spent most of the past 24 hours above it. It has started to pull back now though in early Asian trading and was sitting around $5,550 this morning. Volume is currently at a weekly high of $16 billion and momentum has remained with BTC which has increased its total market share. Analysts are expecting a pullback but the correction should not be too severe;
$BTC Daily Chart.
There are multiple Fib clusters lined up at the 5850 area. Not to mention that it rejected at the 127.2 retrace today. IMO, getting close to a local top. Not saying to sell all out, but if me, I would reduce exposure and see what the correction looks like. pic.twitter.com/VP6ZpTIQUN
— CryptoFibonacci (@CryptoFib) April 24, 2019
Ethereum has dropped back to just below $170, it did not react with BTC this time and has remained pretty flat over the past week or so. ETH is falling back to last week’s levels as all gains get wiped out.
Altcoins have not rallied this time around and the top ten is all red today. The biggest two losers are Binance Coin and Cardano which have dumped 6 to 7 percent on the day. The rest have slumped 2 to 4 percent as traders move into Bitcoin or back into stablecoins.
There are only a couple of beacons of green in the top twenty at the time of writing. Monero and Tezos have made marginal gains but all those around them have fallen back. IOTA, Ethereum Classic and Ontology have dumped hard dropping over 6 percent each. The rest are losing 3 to 5 percent during early trading this Wednesday.
FOMO: BAT Back At It There are no major pumps going on in the top one hundred at the moment but the best performing altcoin is Basic Attention Token after a few days of declines. BAT is up 9 percent on the day to reach an intraday high of $0.45. Brave browser ads have gone live according to the Reddit which has driven momentum for BAT again.
Aurora and NULS are making around 8 percent today but there are no double digit gains as most altcoins are getting eaten by Bitcoin. The biggest loser today is yesterday’s fomo coin, DigixDAO dropping 17 percent. Digitex Futures and Revain are also getting dumped doubles today.
Total market cap 24 hours. Coinmarketcap.com Total market capitalization has corrected a little back to $181 billion. Most of yesterday’s gains have been lost by altcoins but Bitcoin is holding on to them at the moment. Market dominance has risen to a four month high of 54.2 percent as Bitcoin controls the markets at the moment.
Crypto markets sliding slowly; EOS, Cosmos ETC accelerating losses, BSV and Tron holding steady. Market Wrap The crypto correction appears to have slowed today but has not reversed and the short term trend is still downwards. Markets have settled a little following yesterday’s big dump but further losses could be imminent. Total market capitalization has now dropped below $250 billion.
Bitcoin has spent a large part of the past 24 hours hovering around $8,000 but could not hold that level. A slide last night dropped it back below $7,500 but BTC has since recovered marginally. Lower highs and lower lows indicate further losses however; Bitcoin is currently trading at $7,750.
Ethereum has weakened slightly and is now back below $245. Price has turned short term bearish and it is likely to mimic what Bitcoin does over the course of the day. Major ETH support lies at $240.
The top ten is still largely in the red for the third day this week. Losses have decelerated though and altcoins appear to be preparing for a bounce which may be short lived. EOS has dumped a further 6 percent dropping back to $6.20 while Litecoin hold steady above it in fifth. The rest have not moved much aside from Bitcoin SV which, adding another 4 percent, could be manipulated again.
Top twenty movements during Asian crypto trading today are larger, and mostly in a southerly direction. Ethereum Classic has dumped the most with 11 percent back to $8.18 while Cosmos is close behind dropping 8. NEO and Tezos continue their slide with another 6 percent lost each. Only Tron is making a little back today as 4 percent is added to TRX to reach $0.035.
FOMO: HedgeTrade Hedges In Something called HEDG has surged into the top one hundred with a 50 percent pump today however an obscure spike in price that instantly dumped is responsible. GXChain and Bytom are both going strong at the time of writing with 14 percent added each and Revain has been revived with a 13 percent gain on the day.
At the messy end of the tables Crypto.com Chain sliding back 12 percent. Ravencoin is also in a bad way this morning with an 8 percent dump.
Total market cap 24 hours. Total crypto market capitalization has declined for another day but only by 1.6 percent to $248 billion. Over the week a downtrend has started to form and losses could accelerate if Bitcoin and its brethren cannot hold their support levels. Daily volume is still a high $80 billion and BTC dominance has crept back up to 55.7 percent.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Ethereum is approaching a critical technical crossroads as bearish momentum continues to weigh on price action. With a major support zone now under intense pressure, traders are closely watching whether bulls can defend this level or if a breakdown will open the door to a deeper decline.
Bear Flag Breakdown Keeps Ethereum Under Pressure Ethereum continues to slide, aligning with the broader bearish sentiment currently dominating the market. According to analysis from More Crypto Online, the asset’s recent breakdown from a previously identified bear flag and rejection of the yellow trendline strengthen the hypothesis that the significant B-wave rally peaked back in April. These technical failures serve as strong indicators that the prevailing trend remains firmly to the downside.
The leading scenario currently suggests that Ethereum is developing within a larger C-wave decline, with major support levels established at $1,550 and $1,400. While the price has already begun to react from the first support area, traders should remain cautious because bear market cycles frequently involve corrective rallies that can emerge unexpectedly from these support zones.
Source: Chart from More Crypto Online on X In terms of risk management, any potential recovery attempt is anticipated to remain strictly corrective as long as the price continues to trade beneath the yellow trendline resistance. However, a stronger recovery would require the bulls to reclaim substantial resistance levels and fundamentally invalidate the current bearish framework. At this stage, such a reversal lacks the necessary confirmation and market strength.
Ultimately, Ethereum remains locked in a definitive bearish trend following its exit from the bear flag formation. With support levels at $1,550 and $1,400 now squarely in focus, the structural setup continues to favor lower price action over an immediate reversal.
ETH Reaches A Critical Decision Zone Crypto analyst MarketMaestro noted in an X post that Ethereum has successfully held both its long-term support trendline and a key Fibonacci support level on the monthly chart. According to the analyst, the current price zone has become a critical battleground between a routine correction and a much deeper structural decline.
A monthly close below the current support area would significantly weaken Ethereum’s technical outlook and raise the risk of a broader breakdown. On the other hand, if support continues to hold, the recent pullback could still be viewed as a healthy correction within the asset’s longer-term bullish framework.
Furthermore, if Ethereum manages to hold support, form a wick on the monthly candle, and rebound from current levels, it would suggest that buyers are aggressively accumulating during the dip and treating it as a high-value entry zone.
Despite the possibility of a recovery, MarketMaestro cautioned that the stakes remain high. A decisive breakdown below support could force Ethereum into a prolonged bottoming process, potentially extending the period of weakness before a sustainable uptrend.
ETH trading at $1,561 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com
On June 20, Andre Cronje issued a statement confirming his resignation from the board of Sonic Labs—formerly known as Fantom—aligning with the decentralized tech firm’s earlier public announcement. The statement followed widespread reports and comments that had conflated Cronje’s technical role with Sonic Labs and Fantom’s broader business responsibilities, including token management, migration efforts, and operational decisions. Cronje clarified that Fantom and its core original project predated his involvement entirely. He joined as a technical advisor in 2018 and was only appointed a Fantom director on December 13, 2022. He emphasized he is not the founder of the Fantom company or its original token project; instead, he served as the original technical architect of Fantom’s executable network, later taking on roles as a Fantom board member and Chief Technology Officer (CTO) of Sonic Labs. Cronje noted his informal use of the term “co-founder” to describe his foundational technical contributions was misleading, as it blurred the line between the company’s formal founding and his technical work building the network’s underlying technology. Key to his clarification: Cronje stated he did not design, lead, or execute the FTM-to-S network migration, had no involvement in planning or running the Sonic airdrop, and was not the decision-maker for Sonic’s tokenomics, distribution, emissions schedules, or incentive structures. He added he opposes halting support for the Ethereum ERC-20 version of FTM or shutting down the Opera network, arguing both should remain operational for users. Once the network transition is complete, Cronje will step back entirely from Sonic Labs’ business decisions. Over the past 18 months, his primary focus has been the Flying Tulip project, which he will continue developing moving forward.
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Summary
Dash hit fresh short‑term highs, outpacing Monero and Zcash as privacy‑focused tokens from Verge to Horizen logged intraday gains amid renewed sector interest. Technicals show Dash and Monero breaking higher on strong volume toward nearby resistance zones, with traders eyeing round‑number targets if momentum extends. Analysts warn that thin liquidity versus Bitcoin and Ethereum leaves Dash, Monero and peers vulnerable to sharp reversals even as bulls reclaim key support levels. Dash price reached new highs in the past 24 hours, leading a rally among privacy-focused cryptocurrencies, according to market data. Monero also advanced as the privacy coin sector registered gains.
Privacy coins gain momentum after Dubai crackdown Dash (DASH) outpaced both Monero (XMR) and Zcash (ZEC) during the rally. Dash and Monero prices rose early Tuesday as privacy-focused tokens registered fresh gains. Zcash, which has declined in recent weeks, also showed renewed strength. Other coins, including Verge and Horizen, posted intraday gains. The upswing in the privacy coin segment occurred amid broader market volatility, with Bitcoin and Ethereum positioned at key price levels.
Dash traded higher as price action indicated increased buying pressure, reflected in a surge in 24-hour trading volume. Technical analysis shows near-term support in a lower range, while a resistance cluster has formed above current levels. A break above the resistance cluster could lead to a potential breakout, according to market observers.
Monero has gained attention among privacy-focused cryptocurrencies at the start of the year, even as Zcash led the sector through much of last year. Market focus has shifted toward Monero, which is regarded as a benchmark for transaction privacy due to its default use of obfuscation techniques. The token has rallied over the past 24 hours, accompanied by a surge in trading volumes, indicating strong market participation.
From a technical perspective, traders are monitoring whether momentum can carry prices higher. Support is identified below current levels. If the rally extends, market participants are watching a higher range as a potential next area of resistance, with a round-number level emerging as a longer-term upside target.
Analysts noted that liquidity in the privacy coin segment remains relatively thin compared with major cryptocurrencies such as Bitcoin and Ethereum. As a result, assets including Dash and Monero are more susceptible to sharp price swings. Privacy-focused tokens have begun to reclaim key technical levels amid renewed investor interest, raising the possibility that bullish momentum could continue. Alongside Dash, Monero, and Zcash, traders are monitoring Verge and Horizen for further signals from the sector.
Next Crypto to Explode in 2026: BitMine Locks $5 Billion in Ethereum as DeepSnitch AI Triggers a 200x Parabolic Countdown, Arweave and Theta Prices Spike
With a focus on user-first web3 applications and messaging app integration, along with its fiat/crypto hybrid payment capabilities, Kaia aims to simplify web3 adoption, solidifying its foothold in Asia and now worldwide. This article explores what sets Kaia apart, how its Mini DApps on LINE Messenger work, and why it’s gaining traction in the global blockchain ecosystem.
KEY TAKEAWAYS
➤ Kaia is a layer-1 blockchain tied to KakaoTalk and LINE, dominant messaging apps in South Korea and Asia.
➤ The Kaia ecosystem also includes its native USDT-enabled wallet and savings accounts, an on-chain DEX, and staking options.
➤ Kaia aims to lead KRW and JPY stablecoin markets via hybrid payments with KakaoPay, Tether, and LINE NEXT.
Table of Contents
What is Kaia chain?What differentiates Kaia in the global L1 landscape?How does Kaia work?Mini DApps and ecosystem DAppsConsumer DeFi on KaiaHigh potential in stablecoin businessesKaia ecosystemPartnerships and ecosystemIs Kaia leading web3 adoption in Asia?Frequently asked questions What is Kaia chain? Kaia is a layer-1 (L1) blockchain network developed to support consumer-facing decentralized applications (DApps), particularly through integrations with the LINE and KakaoTalk mobile messaging/superapp platforms.
Launched in 2024, Kaia emerged from the merger of two established Asian blockchain networks, Klaytn and Finschia. Klaytn and Finschia were originally developed by Asian IT giants, Kakao and LINE, respectively, leading to their separate reputations regarding enterprise and consumer blockchain use cases.
At the beginning of 2024, both organizations suggested combining their mainnets to create what they intended to be the biggest web3 network in Asia. After the merger was finalized in August 2024, Kaia was introduced as the new chain. The newly established Kaia DLT Foundation assumed governance responsibility.
What differentiates Kaia in the global L1 landscape? With a focus on usability and scalability, Kaia aims to bring blockchain-based services to non-technical users and mainstream consumers through a mobile-first approach across Asia and beyond worldwide. The Kaia chain is:
EVM-compatible 1-second block times Instant finality High throughput Advanced account abstraction stacks Its most distinctive feature is Mini DApps within LINE Messenger. This allows users to engage with crypto services such as token swaps, gaming, and savings without leaving the comfort of their mobile phones. This gives Kaia a unique distribution advantage — LINE’s 196 million users across Japan and Southeast Asia serve as a built-in audience for web3 services.
As a result, Kaia represents a compelling case study in embedding web3 functionality into Asia’s leading superapp platforms that already have strong user bases. Due to its advanced account abstraction stacks, Kaia’s DApps provide a user-friendly interface, which ensures a quick, easy, and flexible user experience at their fingertips.
Kaia is also capable of launching full-fledged stablecoin businesses through its extensive business network and technical readiness. This allows it to cater to global and Asian local markets, such as Korea and Japan, where pro-crypto regulatory frameworks are currently taking shape, following the shifting crypto space in the global market, including the USA.
Kaia now plans to collaborate with fintech platforms, such as KakaoPay, which are payment services natively embedded in superapps. The objective is to integrate fiat-to-crypto hybrid payment solutions into users’ everyday mobile or web applications. Thus, Kaia will be well-positioned to lead the promising local stablecoin segment.
Kaia’s growing user base: Dune How does Kaia work? The Kaia network uses a Byzantine Fault Tolerance-based mechanism and features a layered node architecture designed for scalability and security.
Core Cell Network (CCN): Includes Core Cells (CCs) that manage transaction validation, execute smart contracts, and produce new blocks.
Endpoint Node Network (ENN): Made up of Endpoint Nodes (ENs) that handle API requests and relay data between users, service chains, and the main network.
Service Chain Network (SCN): Comprises independent blockchains operated by DApps, connected to Kaia’s mainnet through Endpoint Nodes for interoperability and scalability.
Thanks to EVM compatibility, developers familiar with Ethereum can deploy on Kaia with ease. The network also facilitates cross-chain asset flows through bridges like Orbiter and Stargate, allowing users to transfer their assets between Kaia and other ecosystems.
Mini DApps and ecosystem DApps Mini DApps are lightweight decentralized applications designed for quick and easy use directly within LINE Messenger. These apps are important to Kaia’s strategy because they provide mobile- and user-centered access to web3 services like gaming, DeFi, digital rewards, and token transactions without downloading additional wallets or interfaces.
Popular titles include games like Elderglade and Bombie, as well as DeFi applications such as CapybaraDEX, DragonSwap, decentralized exchanges, and Lair Finance, a liquid staking protocol.
This success has helped Kaia become the fifth-largest EVM-compatible L1 chain by active wallets as of July. Its top three Mini DApps see an average revenue per paying user (ARPPU) of $2,353 (15,719 $KAIA), demonstrating strong monetization alongside user engagement.
This model reflects a hybrid approach combining web2 usability and web3 functionality. It reduces friction for new users and provides familiar interfaces.
“LINE’s Mini DApps encompass a variety of genres and types of productivity. DApps that mainstream users can access at their fingertips will increasingly meet diverse consumer needs at their fingertips. This is how Kaia offers consumer-focused Web3 services that help users avoid complexity when it comes to signing in for a conventional DApp,” said Dr. Sam Seo, Chairman of Kaia DLT Foundation.
Consumer DeFi on Kaia Kaia’s consumer DeFi strategy centers on delivering financial products through familiar mobile interfaces. These services are embedded within messaging apps and aim to simplify crypto-related interactions. Key offerings include:
Digital wallets and savings accounts supporting the native Kaia USDT On-chain decentralized exchanges and DeFi protocols Staking solutions that let users earn yield on their KAIA holdings or other supported assets Users can interact with these services using Kaia’s Mini DApps or Kaia-powered Mini DApp Wallet system, accessible within LINE Messenger. For example, a user can earn crypto by playing a game and deposit it into a yield-bearing savings account without exiting the app.
Additional layers of financial infrastructure include an AI-driven strategy manager and a fiat on-ramp for local currencies.
High potential in stablecoin businesses In May 2025, Tether introduced native USDT on the Kaia Chain. As a result, Kaia users can now conduct payments and will soon be able to make cross-border transfers with stablecoins right from their chat interfaces, or on/offramps such as Slash Payment (https://vpc.slash.fi/).
“Starting from the partnership with Tether, we are collaborating with our valuable partners to ensure extensive stablecoin projects, such as KRW- or JPY-backed stablecoins and crypto-powered hybrid payment solutions, on the Kaia chain, after regulatory frameworks become clear in these countries,” Dr. Sam Seo added.
Kaia’s goal is to provide hybrid payment options, yield-bearing opportunities in a familiar format, and cross-border remittance services, catering to users who face low domestic interest rates, limited access to U.S.-dollar-denominated savings products, and costly currency exchange transactions.
Through these stablecoin offerings, Kaia attempts to meet the growing demand for accessible and transparent financial instruments in multiple regions around the world.
Kaia ecosystem Kaia prioritizes accessibility and mobile usability. Its core services are available through the Kaia Wallet, which is integrated into LINE Messenger and serves as the gateway to all Mini DApps. Your existing OKX and Bitget Wallets get you through to DApp Portal within half a minute of the registration process, while there is also the web version of DApp Portal that supports instant login with Google accounts. The wallet allows users to:
Store Send Receive Interact with DApps and earn rewards DApp Portal within LINE Messenger is the main directory for discovering more than 87 Mini DApps built on Kaia. These include games, savings tools, and other services that can be accessed with just a few taps. Unlike most blockchain platforms, Kaia eliminates the need for browser extensions or separate wallet apps.
For trading and liquidity, $KAIA is listed on most major exchanges, including Binance, Bybit, Bitget, Gate.io, Bitfinex, and Bithumb. USDT issued on Kaia is also supported across various platforms, including CEXs, on-chain wallets and DeFi protocols.
Developers can use SDKs, smart contract libraries, and tools like the Kaia Agent Kit to build applications tailored to mobile-first environments. This integrated approach helps position Kaia as a solution for mobile web3 participation.
Partnerships and ecosystem Kaia’s expansion strategy includes forming partnerships across infrastructure, custody, exchange, and application layers.
Among its most prominent partnerships is its work with Tether. Custody provider Fireblocks supports secure asset management for institutions building on Kaia, while exchanges like KuCoin and MEXC provide listing support for ecosystem tokens, including those from Mini DApp TGEs.
Business incubator Republic assists with tokenomics and project acceleration, offering advisory services to developers.
Beyond partnerships, Kaia has introduced programs like Kaia Wave and Kaito Yapper Leaderboard to encourage user content and incentivize developer activity. The foundation has also run developer bootcamps and launched analytic tools to improve ecosystem visibility.
Developer and builder support is structured across four programs:
➤ Ignite on Kaia (IOK): supports early-stage builders with onboarding and GTM help
➤ Kaia Wave: facilitates builder’s Mini DApp onboarding and boosts consumer adoption through ecosystem awareness activities in cooperation with LINE NEXT
These efforts have been backed by a recent funding round led by 1kx and Blockchain Capital, with participation from Galaxy Digital and others.
“Backed by foremost tech leaders like LINE, Kakao, and Tether as well as leading global partners, such as Blockchain Capital, 1kx, and Spartan Group, Kaia’s ecosystem shows unprecedented potential for growth and innovation. […] Since all Ethereum developer tools work seamlessly with Kaia as an EVM chain with full EVM compatibility, you can leverage familiar workflows as if without navigating a new ecosystem,” Dr. Sam Seo stated.
Is Kaia leading web3 adoption in Asia? Kaia presents a unique model for web3 growth in Asia and beyond by leveraging existing digital infrastructure and mobile platforms to deliver blockchain services. Its focus on superapp Web3 integration like Mini DApps, stablecoin-powered fiat/crypto hybrid finance and payment solutions, and in-app user experiences represents a significant departure from traditional crypto onboarding paths.
The platform also offers one of the most developed examples of mainstream web3 integration. Its approach could serve as a blueprint for other regions seeking to drive adoption through embedded, user-friendly blockchain applications.
Frequently asked questions What is Kaia Blockchain? Kaia is a Layer-1 blockchain created from the merger of Kakao’s Klaytn and LINE’s Finschia, focused on consumer-facing Web3 services across Asia.
What are Mini DApps on Kaia? Mini DApps are lightweight, mobile-optimized decentralized apps embedded in messaging platforms like LINE, covering games, finance, and more.
How is Kaia different from other blockchains? Kaia focuses on messaging app integration, mobile-first UX, and real-world asset DeFi, targeting a non-crypto-native audience in Asia. Additionally, Kaia’s fintech integration will ensure a robust Asian and worldwide stablecoin and crypto/fiat hybrid payment ecosystem, due to its strong business network.
Where can I buy or use KAIA? KAIA is listed on exchanges like Bitfinex, KuCoin, and Bybit. Users can also earn and spend KAIA within Mini DApps through the LINE DApp Portal.
The shiba inu price prediction caught a fresh signal on June 19 after BSCN data verified that 1.101 trillion SHIB tokens left Binance reserves between May 1 and June 1, the sharpest exchange drawdown the meme coin has logged this year, while Bitcoin and Ethereum balances climbed across the same window per CoinPedia. SHIB trades at $0.000004559 with the meme coin sector building a base after months of pressure.
Every supply squeeze rewards holders who lock positions in a real project before the market notices, and Pepeto is the sharpest early entry in the meme sector today. Here is exactly why.
Shiba Inu Price Prediction Lifts as 1.1 Trillion SHIB Exit Binance While Meme Sector Builds Floor Table of Contents
Shiba Inu Price Prediction Lifts as 1.1 Trillion SHIB Exit Binance While Meme Sector Builds FloorFresh Entries as SHIB Tightens and Meme Exchange Demand BuildsThe Presale That SHIB Holders See as Their Next ShotShiba Inu (SHIB) Price at $0.000004559 as 1.1 Trillion Tokens Exit Binance and BTC/ETH Reserves ClimbConclusionClick To Visit Pepeto Website To Enter The PresaleFAQsWhat is the shiba inu price prediction after 1.1 trillion SHIB left Binance from May to June?Is Shiba Inu a strong buy at $0.000004559 with exchange reserves squeezing on Binance? SHIB reserves on Binance dropped by 1.101 trillion tokens from May 1 to June 1 per BSCN’s Proof of Reserves data, the heaviest outflow of the year, while Bitcoin and Ethereum balances climbed across the same stretch per CoinPedia.
Shiba Inu (SHIB) trades at $0.000004559 per CoinMarketCap, holding the $0.0000044 floor that has anchored the chart for weeks. Burn activity has slowed to about $5 of SHIB per day per Shibburn, but the exchange supply squeeze is doing the work burns no longer can. SHIB now lands inside a market where tightening supply is meeting fading sell pressure, and that gap is where audited early-stage tokens collect the fastest capital.
Fresh Entries as SHIB Tightens and Meme Exchange Demand Builds The Presale That SHIB Holders See as Their Next Shot The meme coin sector lost most of its peak because the typical meme token shipped nothing real. No trading platform, no cross-chain rails, no contract safety. Just hype and hope. That is exactly why the exchange built by the Pepe cofounder reads differently from every other launch live in the sector today.
Pepeto guards wallets against rug pulls, hidden code backdoors, and whale-heavy supply traps spreading through every new meme launch. PepetoSwap settles every order with zero fees touching your stack. The risk engine flags loaded wallets and dangerous contract logic before money lands. The cross-chain bridge moves positions between Ethereum, BNB, and Solana without a single fee.
Over $10.307 million stacked during Fear 14 at $0.0000001878 as the presale heads toward the Binance listing. SolidProof completed every contract check. A developer who came from Binance’s listing crew built the listing path. Staking at 170% APY grows holdings while the exchange scales.
Early SHIB buyers who landed before the 2021 run turned spare change into life-rewriting money, and not one of them admits they put enough in. That exact window is shaping up around Pepeto right now, and the wallets moving before the Binance listing are setting the example everyone else will spend the rest of 2026 wishing they had followed.
Shiba Inu (SHIB) Price at $0.000004559 as 1.1 Trillion Tokens Exit Binance and BTC/ETH Reserves Climb Shiba Inu (SHIB) sits at $0.000004559 after dropping 3.51% in 24 hours per CoinMarketCap, and holding the $0.0000044 support that has anchored the chart for weeks, while SHIB trades 94.6% below its $0.00008616 all-time high per CoinMarketCap.
The T. Rowe Price crypto ETF eligible-asset list now includes SHIB after an amended SEC filing per CoinDesk, and the US Marshals Service holds 54 billion SHIB on the books. Analysts project a 2026 shiba inu price prediction range of $0.0000040 to $0.0000098, with $0.0000060 as the first resistance wall.
From $0.000004559 to the bull case of $0.0000098 gives roughly 2x over months, while the presale 100x depends on an approaching listing already in sight.
Conclusion The SHIB outlook shows the supply squeeze is doing exactly what slowing burns no longer can, with SHIB holding the $0.0000044 floor at $0.000004559 while the path to $0.0000098 stretches across many months.
Early SHIB holders who bought before anyone knew the name became the success stories that changed how the market thinks about meme coins forever, and Pepeto is building again in that exact same moment, with a working exchange, a Pepe cofounder behind it, and a Binance listing closing in fast.
What’s left of the presale shrinks with every hour as each round closes faster than the one before, and the time to act is right now because the Binance debut waits for no wallet. The buyers securing their entry before the final tranche fills are the names this cycle will headline, while every wallet that hesitated watches the chance to enter get smaller every day until it turns into the most expensive miss of the year. Once Binance opens trading, the door to this entry shuts and never opens again.
Click To Visit Pepeto Website To Enter The Presale
FAQs What is the shiba inu price prediction after 1.1 trillion SHIB left Binance from May to June? Analysts project $0.0000040 to $0.0000098 for Shiba Inu in 2026, with $0.0000060 as the first resistance wall. The supply squeeze on Binance is the freshest bullish signal in months.
Is Shiba Inu a strong buy at $0.000004559 with exchange reserves squeezing on Binance? Shiba Inu (SHIB) trades at $0.000004559 with tightening supply on Binance and rising T. Rowe Price ETF eligibility. Pepeto at presale pricing targets 100x returns SHIB at $2.6 billion cannot match.
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.
Michelle DG
Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]
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Q2 has been broadly bullish across both quarterly and monthly performance.
However, when looking specifically at Ethereum [ETH], its 10.48% Q2 gain appears strong at first glance. On closer inspection, ETH’s April performance was only 7.3%, which is roughly 1.7x lower than Bitcoin’s [BTC] ROI. May has continued a similar trend, with ETH’s gains so far about 2x smaller than Bitcoin’s, raising questions about Ethereum’s ability to outperform Bitcoin in Q2.
Against this backdrop, Ethereum flows on Binance are becoming increasingly important. As shown in the chart below, early May has seen a rise in on-chain activity, particularly in exchange inflows, with Binance recording multiple hourly spikes in Ethereum deposits.
Source: CryptoQuant To put this into perspective, the largest inflow events since March include the 6th of May (216,152 ETH, $511 million), the 8th of May (98,552 ETH, $224 million), and the 9th of May (125,146 ETH, $288 million).
The key takeaway? Over the same period, ETH reserves on Binance have continued to trend higher, now reaching 3.62 million ETH, which is roughly 24.6% of total ETH held across exchanges. Taken together, rising ETH inflows and increasing reserves suggest sustained distribution pressure, which may be contributing to Ethereum’s ongoing consolidation phase. Notably, recent whale activity reinforces this trend.
According to Lookonchain, a whale recently deposited another 108,169 ETH into Binance, while Arkham data shows another whale transferring around $180 million worth of ETH to Binance. In essence, this reflects continued large-holder inflows to exchanges, adding to near-term supply pressure.
Naturally, this raises the question: Is Ethereum’s Q2 rally against Bitcoin now at risk?
Whale shorts align with Ethereum’s liquidity sweep setup A key risk management approach for traders is timing market actions effectively.
In this context, whale positioning on Bitfinex, with short exposure in Ethereum surging, is starting to carry more significance. More importantly, this positioning does not appear random. Instead, it suggests a more strategic setup, potentially aimed at trapping late longs and profiting from a downside move as key liquidity pockets are targeted and flushed.
Interestingly, Ethereum’s liquidation heatmap helps clarify this structure. As shown in the chart below, ETH currently has two notable liquidity clusters: on the upside, there is a liquidity zone around the $2,400-$2,500 range. On the downside, there is a liquidity zone around the $2,180-$2,260 range.
Source: CoinGlass Against this setup, Ethereum’s Binance inflows carry real weight.
The logic is simple: With distribution pressure rising and bid support relatively weak, ETH’s supply dynamics appear to be tilting in favor of the bears. In this context, increasing short positioning begins to make more sense, suggesting Ethereum’s current consolidation could be forming into a potential bull trap.
If this trend continues, Ethereum’s Q2 positioning against Bitcoin could weaken further, making Binance ETH flows a key metric to watch this cycle.
Final Summary Rising ETH inflows on Binance, higher reserves, and whale deposits suggest ongoing distribution pressure and weak bid support during consolidation. Increasing short positioning and clustered liquidity zones point to a potential downside sweep, putting Ethereum’s Q2 performance vs. Bitcoin under pressure.
THORChain, a decentralized cross-chain liquidity protocol, has paused trading after blockchain security researchers flagged an exploit worth over $10 million. The protocol has reportedly suffered an exploit across Bitcoin, Ethereum, BSC and Base. As a result, RUNE price crashed 12% in a few hours.
THORChain Hit By $10M Crypto Losses in Exploit On-chain investigator ZachXBT on May 15 flagged an exploit on THORChain, claiming losses exceeding $10 million. The funds are stolen across multiple major blockchains, including Bitcoin, Ethereum, BNB Smart Chain (BSC), and Base.
In response, THORChain has halted all trading and swaps via its emergency protocol to contain the damage. The exploit involved large unauthorized outflows from THORChain’s router contracts across the affected chains.
Many security researchers and analytics platforms such as PeckShieldAlert revealed the attacker’s wallets. Notably, the wallets hold 36.85 BTC, 3,443 ETH, and 96.6 BNB, along with other tokens like USDT, USDC, and WBTC, according to Arkham data.
THORChain Exploiter Wallet’s Crypto Assets. Source: Arkham The incident triggered THORChain’s built-in halt mechanism, where nodes pause operations upon detecting the exploit to protect liquidity providers (LPs). This is reportedly the second notable security event for THORChain this year, amplifying concerns about DeFi interoperability risks.
Recently, KelpDAO suffered a hack worth $290 million. The attacker drained rsETH through KelpDAO’s LayerZero-powered cross-chain bridge, risking contagion to other DeFi protocols such as Aave.
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TLDR: Binance Bitcoin reserves grew 5.1%, rising from 617,000 BTC to 648,600 BTC between April 25 and June 1, 2026. Ethereum holdings on Binance climbed 10.4%, adding 350,000 ETH during the same five-week observation period. Combined USDT and USDC reserves on Binance dropped $3.87 billion, reducing available spot market buying power significantly. Bitcoin fell below $71,000 amid rising crypto supply and shrinking stablecoin liquidity, reflecting a structural shift inside Binance. Binance Bitcoin reserves recorded a notable increase between late April and early June 2026, rising by 31,600 BTC. At the same time, combined stablecoin reserves on the exchange fell by $3.87 billion.
This shift in reserve composition came as Bitcoin dropped below $71,000 for the first time since April. The data points to a broader liquidity change inside the world’s largest cryptocurrency exchange.
Rising Crypto Reserves Paint a Complex Market Picture Binance’s Bitcoin reserve climbed from 617,000 BTC to 648,600 BTC between April 25 and June 1. That represents a 5.1% increase over roughly five weeks.
Meanwhile, Ethereum reserves also moved higher during the same window. Holdings grew from 3.35 million ETH to approximately 3.7 million ETH, an increase of about 350,000 ETH, or 10.4%.
Source: Cryptoquant
Higher exchange reserves can suggest that more crypto supply is available for trading on the platform. When coins accumulate on exchanges, it often indicates that holders have moved assets closer to potential selling points. However, reserve movements alone do not confirm that selling is occurring or imminent.
The simultaneous rise in both Bitcoin and Ethereum holdings is worth noting. It suggests the trend was not isolated to a single asset. Instead, it reflected a broader movement of crypto into Binance’s custodial reserves across the period.
What makes this development more pointed is that it occurred alongside a drop in Bitcoin’s price. The timing of rising supply and declining stablecoin buffers raises questions about the balance of buying and selling pressure on the exchange.
Falling Stablecoin Reserves Reduce Immediate Buying Power While crypto reserves increased, stablecoin balances moved in the opposite direction. Binance’s USDC holdings declined from $7.67 billion to $6 billion, a drop of $1.67 billion. USDT reserves also fell, moving from $40.3 billion to $38.1 billion, a reduction of $2.2 billion.
Together, the two stablecoin declines total approximately $3.87 billion. Stablecoins on exchanges generally represent available capital ready to purchase crypto in spot markets. When those balances shrink, the pool of immediate buying power contracts accordingly.
This matters because the spot market relies on stablecoin liquidity to absorb available supply. Fewer stablecoins on a platform means less firepower for buyers to bid up prices or defend key support levels. That dynamic can contribute to downside price pressure when supply is simultaneously increasing.
The combined effect, more crypto supply alongside reduced stablecoin liquidity, created a less supportive environment for Bitcoin’s price.
Bitcoin’s move below $71,000 occurred within this framework, suggesting the decline reflected structural conditions inside the exchange, not just broader market sentiment.
Binance has released its 43rd proof of reserves report, using a June 1 snapshot of user asset balances.
Summary
Binance users added 25,838 BTC in May, lifting reported holdings to about 630,000 BTC total. ETH balances rose faster than BTC, climbing 10.17% to about 4.14 million ETH by June. USDT holdings fell by roughly 460 million, pointing to lower stablecoin balances among Binance users. The latest update on the Binance PoR page shows a clear rise in reported Bitcoin and Ethereum user holdings from the prior month.
User BTC holdings rose 4.26% from May 1 to about 630,000 BTC. That marked an increase of 25,838 BTC. User ETH holdings rose faster, climbing 10.17% to about 4.14 million ETH, up 382,619 ETH over the same period.
The increase in BTC and ETH balances comes as exchange reserve reports remain closely watched by traders. Larger user balances can reflect deposits, purchases, internal transfers, or other account activity. The snapshot does not separate those drivers.
USDT balance moves lower The stablecoin side moved in the other direction. Binance reported user USDT holdings of about 34.3 billion USDT, down 1.33% from May 1. The decrease was equal to roughly 460 million USDT.
Binance Releases 43rd Proof of Reserves Report
Binance, the world’s largest crypto exchange by user count and trading volume, released its 43rd Proof of Reserves report with a June 1 snapshot. User BTC holdings rose 4.26% from May 1 to about 630,000 BTC, an increase of 25,838… pic.twitter.com/P6GQBFhj3s
— Wu Blockchain (@WuBlockchain) June 18, 2026 The mixed data shows users held more BTC and ETH on Binance, while reported USDT balances fell. The report does not show why balances changed. It does not prove whether users bought crypto, withdrew stablecoins, moved funds between products, or changed trading plans.
A lower USDT balance can matter because stablecoins often act as dry powder for trading. However, the figure alone does not show whether liquidity left Binance or moved into other assets on the platform.
Proof of reserves remains under focus Binance uses proof of reserves to show that user assets are backed on-chain. The exchange says the process is meant to prove customer funds are held “1:1” and include extra reserves. The report is based on snapshots, so it does not operate as a live balance sheet.
As crypto.news reported earlier, Binance led proof-of-reserve rankings with $155.6 billion in assets in January 2026, based on CoinMarketCap data. According to an earlier crypto.news report, Binance’s open-source PoR system uses zero-knowledge proofs to improve verification and privacy for users.
Balance changes point to rotation The June snapshot differs from some earlier reserve moves. In a previous crypto.news report, Binance’s September balances showed declines in BTC, ETH and USDT during a weaker market period. The latest snapshot shows the opposite for BTC and ETH, even as USDT balances fell.
crypto.news previously reported that Binance backed major tokens at more than 100% in a May 2025 reserves update, including Bitcoin, Ethereum and USDT. That earlier report said proof of reserves became more closely watched after FTX collapsed and users demanded clearer exchange backing data.
The latest figures suggest Binance users held more core crypto assets and less USDT at the start of June. BTC and ETH remain the two largest non-stablecoin assets in most exchange reserve reports, making their balance changes a key market signal.
Still, proof of reserves has limits. It shows reported asset backing at a point in time, but it does not fully explain liabilities, off-chain obligations, or user behavior. For that reason, the latest Binance report shows a balance shift, not a full picture of exchange health.
PANews reported on December 17th that, according to SoSoValue data, the cryptocurrency market generally rebounded, with Bitcoin (BTC) rising 2.01% to break through $87,000, while Ethereum (ETH) rose 0.12%, still fluctuating narrowly around $2,900. Other notable sectors included: SocialFi, up 3.53% in the last 24 hours (Toncoin (TON) up 4.08%); PayFi, up 2.62% (Telcoin (TEL) up 5.11%); RWA, up 2.58% (MANTRA (OM) up 12.90%).
In other sectors, Layer 1 rose 1.53%, with Sui (SUI) up 3.70%; CeFi rose 1.52%, with OKB up 3.20%; Layer 2 rose 1.14%, with Zora (ZORA) up 9.83%; DeFi rose 0.57%, with Uniswap (UNI) up 3.88%; and Meme rose 0.41%, with SPX6900 (SPX) up 5.86%. Meanwhile, AI fell 1.37%, but Fartcoin (FARTCOIN) bucked the trend, rising 10.30%; NFT fell 1.68%, with ApenFT (NFT) falling 10.83%.
Telcoin has formally begun banking operations with the launch of its eUSD stablecoin on Ethereum and Polygon, marking the first time a U.S.-chartered bank has issued a dollar-backed stablecoin directly onto public blockchains.
Announced on December 26, 2025, the rollout follows regulatory approval for Telcoin Digital Asset Bank in November and includes an initial mint of $10 million in eUSD. The move places Telcoin at the intersection of regulated banking and blockchain-based payments, with implications for stablecoins, remittances, and digital asset oversight in the United States.
Telcoin and the Launch of eUSDTelcoin was founded in 2017 with the aim of using blockchain infrastructure and telecommunications networks to deliver low-cost financial services to mobile users. Its platform focuses on payments and cross-border remittances, distributed primarily through partnerships with mobile network operators (MNOs). According to the company, Telcoin works with more than 200 MNOs globally and supports over 2 million wallet users, with much of its activity concentrated on Polygon due to lower transaction costs.
The launch of eUSD represents a structural expansion of Telcoin’s role in financial services. eUSD is a U.S. dollar–pegged stablecoin backed 1:1 by cash reserves held at Telcoin Digital Asset Bank. Unlike many existing stablecoins, eUSD is issued directly by a regulated depository institution rather than a non-bank fintech or offshore entity.
The initial issuance of $10 million is modest by stablecoin market standards, but its importance lies less in scale than in structure. The issuance formally activates the bank’s operating authority and demonstrates a regulatory model that blends blockchain settlement with U.S. banking supervision.
What Makes eUSD Structurally Different?Most widely used stablecoins today, including Circle’s USDC and Tether’s USDT, are issued by private companies that hold reserves outside the traditional banking system. While these issuers publish attestations and, in some cases, audits, they are not themselves chartered banks.
eUSD differs in three key ways:
First, it is issued by a U.S.-chartered bank, subject to ongoing supervision by state banking regulators. This includes capital requirements, reserve rules, and compliance with anti-money laundering and consumer protection laws.
Second, reserves backing eUSD are held directly on the bank’s balance sheet in cash or cash-equivalent assets, rather than through a network of custodians. This structure reduces reliance on third parties and narrows counterparty risk.
Third, eUSD operates within a legal framework designed specifically for payment stablecoins, rather than relying on interpretations of existing money transmission or trust laws.
While eUSD is not explicitly FDIC-insured at launch, its regulatory treatment more closely resembles that of a narrow bank deposit than that of a typical crypto-issued stablecoin.
Deployment on Ethereum and PolygoneUSD is live on both Ethereum and Polygon. Ethereum provides broad compatibility with existing wallets, exchanges, and decentralized finance (DeFi) applications. Polygon offers significantly lower transaction fees and faster settlement, making it more suitable for retail payments and remittances.
This dual-chain deployment reflects Telcoin’s stated focus on practical payment flows rather than speculative trading. The company has indicated that additional chains may be supported over time, particularly where they offer advantages for cross-border transfers or mobile-first applications.
Nebraska’s Regulatory FrameworkTelcoin Digital Asset Bank is the first institution chartered under the Nebraska Financial Innovation Act (NFIA) of 2021. The law created a new category of regulated entity: a digital asset depository institution. These banks are permitted to custody digital assets, issue stablecoins, and process payments, but they are restricted from engaging in traditional lending.
Under the NFIA, institutions must maintain full reserves, meet stringent capital standards, and comply with state and federal anti-money laundering requirements. The framework was designed to provide legal clarity for digital asset businesses while limiting systemic risk.
Telcoin received provisional approval for its charter in February 2025, raised approximately $25 million to meet capitalization requirements, and obtained final authorization in November following Jim Pillen's sign-off.
Nebraska’s approach mirrors, but is distinct from, Wyoming’s SPDI regime. While Wyoming has emphasized digital asset custody, Nebraska’s statute places greater emphasis on payment stablecoins and on-chain settlement.
Alignment With Federal Stablecoin LawThe launch of eUSD also aligns with the federal GENIUS Act, passed in mid-2025, which establishes national standards for payment stablecoins in the United States. The law requires issuers to maintain 100 percent reserves in high-quality liquid assets, prohibits stablecoin issuers from paying yield directly to holders, and mandates regular disclosures and audits.
By operating within both the NFIA and the GENIUS Act, Telcoin avoids many of the regulatory uncertainties that have affected earlier stablecoin projects. This alignment may also ease future integration with existing payment infrastructure, including potential access to Federal Reserve settlement systems.
The federal framework was designed in part to address failures in the digital asset sector, including collapses linked to inadequate reserves or opaque governance. eUSD’s structure reflects those lessons by prioritizing transparency and legal enforceability over rapid expansion.
What Does This Mean for Payments and Remittances?Telcoin’s core business has long focused on international remittances, a market estimated at roughly $800 billion annually. Traditional remittance services often charge fees of 6-7%, particularly for transfers to developing markets.
By issuing eUSD directly through a regulated bank and distributing it via mobile wallets, Telcoin aims to reduce settlement times and transaction costs. Transfers using eUSD on Polygon can settle in seconds, with network fees measured in fractions of a cent under normal conditions.
The company’s existing relationships with mobile network operators are central to this strategy. In regions where access to traditional banking is limited but mobile penetration is high, stablecoin-based transfers may offer a more efficient alternative to cash-based systems.
Importantly, while the bank itself cannot pay interest on eUSD balances under federal law, users may still deploy eUSD in third-party DeFi protocols at their own discretion. This separation preserves regulatory compliance while allowing optional on-chain financial activity.
Broader Industry SignificanceThe issuance of eUSD by a U.S.-chartered bank sets a precedent that may influence how other states and institutions approach digital asset regulation. It demonstrates that stablecoins can be integrated into the banking system without relying on offshore structures or regulatory exemptions.
For policymakers, the launch provides a live test case for the GENIUS Act and state-level digital asset banking statutes. For financial institutions, it offers a reference model for combining on-chain settlement with regulated custody and payments.
The development also positions the United States more competitively against other jurisdictions that have moved quickly to regulate stablecoins, including the European Union under its Markets in Crypto-Assets framework.
ConclusionTelcoin’s launch of eUSD on Ethereum and Polygon marks the operational start of a new category of U.S.-regulated digital banking. By issuing a fully reserved stablecoin directly from a chartered bank, Telcoin has established a structure that prioritizes legal clarity, reserve transparency, and integration with existing payment systems.
While the initial issuance is limited in size, the framework behind it carries broader implications for stablecoins, remittances, and the role of banks in blockchain-based finance. The success of eUSD will ultimately depend on execution, adoption, and regulatory continuity, but its launch represents a concrete step toward aligning digital assets with established financial oversight.
Sources:BullDog Law: Nebraska’s Telcoin ApprovalBusiness Wire: Telcoin Begins Digital Asset Banking OperationsWebsite: Digital Asset Bank
After Nebraska’s charter approval, Telcoin Digital Asset Bank begins operations. It launched its eUSD stablecoin on Ethereum and Polygon. With the minting of $10 million in eUSD, Telcoin’s flagship Digital Cash is now live and ready to reach retail markets.
Bringing Blockchain Banking to Life Telcoin CEO Paul Neuner called the launch “phase one” of the bank’s operations, emphasizing that the issuance of eUSD marks a crucial milestone toward offering blockchain-native personal and business accounts. The company plans to begin onboarding customers in early 2026, with personal accounts accessible through the upcoming V5 of the Telcoin Wallet.
Patrick Gerhart, President of Banking Operations, added that this live issuance of eUSD represents the foundation for a regulated, secure rollout of digital cash to the public.
A first for U.S. banking: a dollar-backed stablecoin issued directly on a public blockchain.
Under the Nebraska Financial Innovation Act and in line with federal GENIUS Act guidelines, Telcoin Digital Asset Bank has launched the eUSD stablecoin on Polygon.
A meaningful step… https://t.co/Lvx2PfCP0M
— Polygon | POL (@0xPolygon) December 29, 2025
This move positions Telcoin as the first Digital Asset Depository Institution in the United States. This will allow it to operate under the Nebraska Financial Innovation Act and federal GENIUS Act guidelines. By combining stablecoin issuance, deposit acceptance, and payment processing under a single charter,
Telcoin can offer a banking-first approach that remains fully compliant while leveraging blockchain technology. The launch reflects a growing trend among fintechs and digital banks integrating blockchain to improve payment efficiency and global accessibility.
Happy holidays!
eUSD from Telcoin Digital Asset Bank is now live on Ethereum and Polygon.https://t.co/R72gAGm4xX
— Telcoin (@telcoin) December 26, 2025
Telcoin operates in 171 countries, merging blockchain, telecommunications, and banking to offer self-custodial payments and financial services. The eUSD stablecoin is designed for real-world use, allowing users to transact globally with secure, blockchain-based money.
More About Stablecoins Ethereum remains the dominant platform for stablecoins, hosting over 53 percent of the total supply. This concentration highlights Ethereum’s role as the go-to blockchain for digital assets that maintain a stable value, such as USDC, USDT, and DAI.
📊 MARKET: Over 53% of all Stablecoins are on $ETH. pic.twitter.com/KvkV9Yuuo2
— Cointelegraph (@Cointelegraph) December 28, 2025
Developers favor Ethereum due to its robust smart contract ecosystem, high liquidity, and broad adoption among wallets, exchanges, and DeFi platforms.
Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
PANews reported on March 16th that, according to SoSoValue data, the cryptocurrency market has continued to rise recently. Bitcoin (BTC) rose 2.39% in the last 24 hours, breaking through $72,000; Ethereum (ETH) rose 4.40%, approaching $2,200. Meanwhile, the PayFi sector rose 2.67%, with Telcoin (TEL) rising 3.92% and Dash (DASH) rising 3.62% within the sector.
In other sectors, Layer 1 rose 2.59% in the last 24 hours, with Zcash (ZEC) up 7.99%; AI rose 2.47%, with Bittensor (TAO) up 6.57%; CeFi rose 2.45%, with Binance Coin (BNB) up 2.86%; DeFi rose 1.97%, with PancakeSwap (CAKE) up 7.75%; Meme rose 1.73%, with Pepe (PEPE) up 5.07%; and Layer 2 rose 1.58%, with ImmutableX (IMX) up 4.67%.
Ethereum (ETH) price slipped to about $1,711 as spot Ethereum ETF outflows extended to a seventh straight week even as the network’s own data points the other way.
A wider move out of the two largest crypto funds and into newer products looks like a rotation taking shape. Ethereum sits awkwardly in the middle of it.
Bitcoin and Ethereum ETFs Bleed a Seventh WeekSpot Bitcoin (BTC) ETFs booked a seventh straight week of redemptions. The weekly spot ETF flows, the gap between cash entering and leaving the funds, shrank from a $1.72 billion exit on June 5 to $68 million by June 22.
Bitcoin ETF Flows: SoSoValueEthereum ETF outflows matched that run at seven red weeks. The latest $66 million weekly exit was far smaller than the $255 million pulled in mid-May, so the bleeding is slowing. However, the new week has just started and it is important to see how things turn up by Friday.
Ethereum Spot ETF Weekly Flows: SoSoValueBoth majors are losing money, yet the pace is cooling rather than worsening.
The contrast shows up the moment the smaller funds enter the frame.
XRP, Solana and HYPE Funds Catch the BidWhile the majors bled, XRP ETF inflows ran for an eighth straight week, holding green even through early June’s price drop.
XRP Spot ETF Weekly Inflows: SoSoValueSolana (SOL) funds stayed mostly positive since mid-May, with only a couple of minor red weeks and about $836 million in net assets.
Solana Spot ETF Weekly Flows: SoSoValueHyperliquid (HYPE) funds have not printed a single red week since their May 13 launch, drawing about $183 million. The split looks like an early crypto ETF rotation, though the alt inflows are still small.
HYPE Spot ETF Weekly Flows: SoSoValueIf money is fleeing Ethereum, its network has not got the message.
Ethereum Staking Demand Dwarfs ExitsOn-chain signals clash with the ETF exit. The validator exit queue holds about 223,000 ETH waiting to unstake, against roughly 2.68 million ETH waiting to get in.
Ethereum Validator Queue Snapshot: ValidatorQueueThat is about twelve times more Ethereum staking demand than exit pressure, the opposite of what a sell wave looks like. Realized flows agree. Daily validator deposits turned net positive over the last ten days, after exit-heavy days earlier in June.
Validator Deposits Versus Withdrawals: DuneThe unstaked ETH that does reach exchanges stays small. Even the busiest day moved about 24,000 ETH, a fraction of the daily exchange inflows, which suggests exits are not feeding the market.
Exit ETH Reaching Exchanges: DuneExchange balances and the staking token tell the same calm story.
Exchange Outflows Ease and the stETH Peg HoldsThe exchange outflows picture is steady. The exchange net position change, a metric that tracks tokens moving in and out of exchanges, eased from about negative 564,000 ETH on June 9 to negative 442,000 by June 22, still a net withdrawal.
ETH Exchange Net Position Change: GlassnodeThe stETH peg held near 1.0 through ETH’s roughly 20% drop in early June. A clean peg suggests holders were not scrambling to unstake and sell.
stETH To ETH Peg Ratio: DuneSo if the chain looks committed, the rotation question moves to where flow is actually tilting.
A Quieter Rotation the ETF Numbers HideOne direct measure reframes the picture. A custom rotation score tracks ETH’s share of the combined BTC and ETH five-day net flow, then z-scores it against its own 30-day history. The reading is positive 1.05, which flags a tilt toward ETH. The catch is that ETH’s share of that flow is only 21%, so Bitcoin still takes most of it.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The score fires because it measures change, not level. ETH’s share had been running nearer 12% to 15%, so a jump to 21% sits about one standard deviation above its own norm.
BTC To ETH Rotation Signal: Charlie Quant LabIn plain terms, money is rotating toward ETH faster than usual at the margin, even while every ETF print stays red. Headline fund flows miss this, but a direct read of the flow split catches it. At just over the +1 line, this is an early and weak signal, not a confirmed trend.
That gap between the weekly ETF tape and the on-chain split sets up the real test.
What Would Confirm the Grand RotationFor now the grand rotation is a pattern, not a confirmed move. It needs XRP, SOL and HYPE inflows to scale while Bitcoin and Ethereum keep bleeding.
The thesis breaks in two ways. Green weekly prints for the majors would end it, and stalling alt inflows would do the same.
Ethereum stays the odd one out, with a healthy network and weak ETF demand at once. Continued Ethereum ETF outflows beside a positive rotation score suggest the cash leaving the fund is not all leaving the asset. A return to positive weekly flows separates an Ethereum ETF recovery from a deeper rotation into rival funds.
PANews reported on February 10th that, according to SoSoValue data, the cryptocurrency market saw a slight rebound after a period of continuous decline. Bitcoin (BTC) rose 0.45% in the last 24 hours, fluctuating narrowly around the $70,000 mark. Ethereum (ETH) rose 3.15%, breaking through $2,100. Meanwhile, the GameFi sector performed relatively well, rising 2.24%, with Axie Infinity (AXS) rising 16.31% and The Sandbox (SAND) rising 1.85% within the sector.
In other sectors, the PayFi sector rose 2.10% in the last 24 hours, with Monero (XMR) up 6.22% and XRP (XRP) up 2.06%; the Meme sector rose 1.18%, with MemeCore (M) up 11.41%; the Layer 1 sector rose 0.89%, with Solana (SOL) up 1.58%; the CeFi sector rose 0.84%, with NEXO (NEXO) up 3.47%; the Layer 2 sector rose 0.37%, with zkSync (ZK) up 5.28%; and the DeFi sector rose 0.03%, with River (RIVER) up 7.79%.
PANews reported on March 20th that, according to SoSoValue data, the cryptocurrency market has declined for three consecutive days. The SocialFi sector fell 4.65% in the past 24 hours, with Toncoin (TON) down 5.48%. Meanwhile, Bitcoin (BTC) fell 0.88% in the past 24 hours, briefly dipping below $69,000 before recovering to above $70,000. Ethereum (ETH) fell 1.94%, breaking below $2,200. Only the GameFi sector performed well, rising 0.24% in the past 24 hours, with Axie Infinity (AXS) rising 3.84%.
In other sectors, the PayFi sector fell 0.50% in the last 24 hours, but eCash (XEC) rose 2.55%; the Meme sector fell 1.15%, with PIPPIN (PIPPIN) surging 12.38% within the sector; the Layer 1 sector fell 1.31%, with Zcash (ZEC) falling 6.13%; the Layer 2 sector fell 1.43%, with Celestia (TIA) falling 3.08%; the CeFi sector fell 1.45%, with OKB (OKB) falling 3.15%; and the DeFi sector fell 1.49%, with Morpho Token (MORPHO) remaining relatively strong, rising 2.15%.
In brief The Ronin blockchain will migrate to Ethereum layer-2 on May 12 after four years as a sidechain. RON token inflation will drop dramatically from over 20% to less than 1%. Ronin’s token is down nearly 98% from peak, reflecting flagging momentum across the crypto gaming industry. Ronin, the gaming-focused blockchain that powers games like Axie Infinity and Pixels, will migrate to become a true Ethereum layer-2 scaling network on May 12, marking a fundamental shift after four years operating as an Ethereum sidechain.
The migration will trigger at block 55,577,490, transitioning Ronin to the OP Stack, Ethereum layer-2 infrastructure that powers millions of transactions daily across other scaling networks. Users should prepare for approximately 10 hours of mainnet downtime between 11 a.m. and 9 p.m. ET during the transition, Ronin developers said, with games potentially unavailable during that span.
The economic restructuring is sweeping. RON token inflation will plummet from over 20% to less than 1%, while marketplace fees flowing to the Treasury jump 2.5x from 0.5% to 1.25%. Additionally, 90 million RON tokens previously allocated for staking will be redirected to the Ronin treasury.
A new "proof of distribution" system launching with the migration will automate RON rewards for developers, replacing manual allocation processes as the network reestablishes itself within Ethereum's ecosystem.
The timing reflects mounting pressure on standalone gaming chains to leverage established infrastructure rather than maintain costly independent networks. Ronin processed billions of dollars worth of NFT trading volume during Axie Infinity's 2021-2022 peak, but sustaining that infrastructure has proven challenging as the crypto gaming market declined.
Ronin launched in 2021 specifically to handle Axie Infinity's transaction demands when Ethereum's mainnet fees made gaming economically unfeasible. The sidechain solution enabled the play-to-earn phenomenon that attracted millions of daily users and generated unprecedented trading volumes for blockchain gaming.
Now, Ronin developer Sky Mavis says that advances in layer-2 technology offer the same benefits—low costs and high throughput—while inheriting Ethereum's security guarantees.
While the RON token is up about 11% over the last week to a recent price of $0.097, it’s had a brutal fall over the last couple of years as crypto gaming momentum largely disappeared. RON has fallen by nearly 81% in the last year, per data from CoinGecko, and is now down about 98% from a peak price of $4.45 set in March 2024.
The tokens of top games on Ronin have also cratered, with Axie Infinity’s AXS token down over 99% from its November 2021 peak, and Pixels’ PIXEL token down just as much from its own March 2024 high. But that’s not an issue isolated to Ronin or its games, with other major gaming tokens like Immutable (IMX) and Gala Games (GALA) also down at least 98% from their respective peaks.
Numerous prominent crypto games shut down over the course of 2025, often with developers citing a lack of funding and player interest to continue operations. That trend has continued into 2026 with the recent closure of games like Forgotten Runiverse on Ronin and Xociety on Sui.
Industry experts told Decrypt in late 2025 that the wave of crypto game closures centered on the disappearance of venture capital funding amid flagging blockchain gaming momentum, driving many projects to either pivot their focus or shut down their games entirely. That downward swing has only persisted into this year, so far.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief The Ronin blockchain will migrate to Ethereum layer-2 on May 12 after four years as a sidechain. RON token inflation will drop dramatically from over 20% to less than 1%. Ronin’s token is down nearly 98% from peak, reflecting flagging momentum across the crypto gaming industry. Ronin, the gaming-focused blockchain that powers games like Axie Infinity and Pixels, will migrate to become a true Ethereum layer-2 scaling network on May 12, marking a fundamental shift after four years operating as an Ethereum sidechain.
The migration will trigger at block 55,577,490, transitioning Ronin to the OP Stack, Ethereum layer-2 infrastructure that powers millions of transactions daily across other scaling networks. Users should prepare for approximately 10 hours of mainnet downtime between 11 a.m. and 9 p.m. ET during the transition, Ronin developers said, with games potentially unavailable during that span.
The economic restructuring is sweeping. RON token inflation will plummet from over 20% to less than 1%, while marketplace fees flowing to the Treasury jump 2.5x from 0.5% to 1.25%. Additionally, 90 million RON tokens previously allocated for staking will be redirected to the Ronin treasury.
A new "proof of distribution" system launching with the migration will automate RON rewards for developers, replacing manual allocation processes as the network reestablishes itself within Ethereum's ecosystem.
The timing reflects mounting pressure on standalone gaming chains to leverage established infrastructure rather than maintain costly independent networks. Ronin processed billions of dollars worth of NFT trading volume during Axie Infinity's 2021-2022 peak, but sustaining that infrastructure has proven challenging as the crypto gaming market declined.
Ronin launched in 2021 specifically to handle Axie Infinity's transaction demands when Ethereum's mainnet fees made gaming economically unfeasible. The sidechain solution enabled the play-to-earn phenomenon that attracted millions of daily users and generated unprecedented trading volumes for blockchain gaming.
Now, Ronin developer Sky Mavis says that advances in layer-2 technology offer the same benefits—low costs and high throughput—while inheriting Ethereum's security guarantees.
While the RON token is up about 11% over the last week to a recent price of $0.097, it’s had a brutal fall over the last couple of years as crypto gaming momentum largely disappeared. RON has fallen by nearly 81% in the last year, per data from CoinGecko, and is now down about 98% from a peak price of $4.45 set in March 2024.
The tokens of top games on Ronin have also cratered, with Axie Infinity’s AXS token down over 99% from its November 2021 peak, and Pixels’ PIXEL token down just as much from its own March 2024 high. But that’s not an issue isolated to Ronin or its games, with other major gaming tokens like Immutable (IMX) and Gala Games (GALA) also down at least 98% from their respective peaks.
Numerous prominent crypto games shut down over the course of 2025, often with developers citing a lack of funding and player interest to continue operations. That trend has continued into 2026 with the recent closure of games like Forgotten Runiverse on Ronin and Xociety on Sui.
Industry experts told Decrypt in late 2025 that the wave of crypto game closures centered on the disappearance of venture capital funding amid flagging blockchain gaming momentum, driving many projects to either pivot their focus or shut down their games entirely. That downward swing has only persisted into this year, so far.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Ronin, the gaming-focused blockchain built by Sky Mavis to power titles like Axie Infinity, is migrating to Ethereum on May 12, the team said this week.
The move will end a four-year run as an independent sidechain and bring major upgrades to its ecosystem.
The migration will cut RON inflation from over 20% to under 1% and expand treasury inflows. Ronin also plans to roll out Proof of Distribution, a system that automatically rewards builders based on their contributions.
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Proof of Distribution will reward contributors based on a measurable impact, including gas spend, user growth, and trading activity. Meanwhile, treasury inflows will expand via staking allocations, sequencer revenue, and increased marketplace fees.
The result is a more efficient, secure, and incentive-aligned network for both builders and users, according to Ronin.
The migration requires approximately 10 hours of downtime, during which no on-chain activity will be possible, as noted by the team. Node operators must upgrade before the scheduled hardfork at block #55577490.
What made Ronin independent in the first place When Sky Mavis, the Vietnamese studio behind Axie Infinity, began developing Ronin in late 2020, Ethereum’s layer 2 options were still in their infancy.
With mainnet gas fees becoming prohibitive for the game’s growth, Sky Mavis officially launched the Ronin mainnet in February 2021 to provide the high-throughput, low-cost environment necessary to onboard millions of players.
The move fueled Axie’s massive expansion through early 2022, but independence came with a price. In March 2022, the North Korean-linked Lazarus Group exploited the Ronin bridge and drained roughly $625 million in assets, one of the largest hacks in crypto history.
The Ethereum ecosystem looks nothing like it did six years ago. Layer 2 solutions are battle-tested, data availability costs have plummeted, and the OP Stack processes millions of transactions daily across multiple chains.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
PANews reported on April 29th that, according to SoSoValue data, the cryptocurrency market continued its correction. Bitcoin (BTC) fell 0.66%, dropping below $77,000, while Ethereum (ETH) fell 0.24%, breaking below $2,300. The AI sector performed strongly, rising 0.96% in the last 24 hours, with Bittensor (TAO) up 4.20%, Unibase (UB) up 18.84%, and SkyAI (SKYAI) up 35.11%. Additionally, the GameFi sector rose 0.40%, with Axie Infinity (AXS) and GALA rising 2.64% and 2.45% respectively.
In other sectors, the Layer 2 sector fell 0.06% in the last 24 hours, but Celestia (TIA) rose 4.05%; the CeFi sector fell 0.44%, while Aster (ASTER) rose 2.55%; the Layer 1 sector fell 0.88%, while Humanity (H) surged 26.66% intraday; the Meme sector fell 1.17%, while Pump.fun (PUMP) bucked the trend and rose 6.66%; the PayFi sector fell 1.21%, while Safe (SAFE) remained relatively strong, rising 1.75%; the DeFi sector fell 1.48%, while Block Street (BSB) surged 18.11%.
Web3 gaming platforms are blockchain-powered ecosystems that provide gamers and developers with tools to play, create, and trade in-game assets. These platforms prioritize security, transparency, and true ownership of assets, thereby enabling users to retain control over their purchases and sales without relying on centralized intermediaries. This guide highlights some of the best web3 gaming platforms worth exploring in 2026.
KEY TAKEAWAYS
➤ Web3 gaming platforms are blockchain-based ecosystems that enable decentralized gameplay, true asset ownership, and player-driven economies.
➤ These platforms often include a play-to-earn (P2E) model to drive engagement by enabling players to earn and trade in-game assets.
➤ Key factors to consider while choosing a web3 gaming platform include variety in the game library, P2E mechanics, and security, among others.
5 top web3 gaming platforms
1. TikTrix
Native token
$TRIX and $WORM
Launched in
2024
TikTrix is a web3 gaming platform that combines short-form media with casual games to offer a unique, engaging, gamified experience. It is built on the Meer Chain, an Arbitrum-based layer-3 blockchain optimized to enhance scalability, reduce costs, and improve performance.
TikTrix brings along an intuitive swipe-based navigation, gamified content, and a transparent rewards system powered by its native token, $TRIX.
At the core of TikTrix’s infrastructure are Meer Nodes, which decentralize content delivery, validate transactions, and reward contributors. These nodes ensure platform scalability and reliability while enabling participants to earn rewards by staking tokens and supporting the ecosystem.
Developers also benefit from TikTrix’s APIs and SDKs, which simplify the integration of games and features, thereby expanding the platform’s content library.
TikTrix has a dual-token economy, with $TRIX for governance and platform utilities and $WORM for in-game activities.
As of late January 2025, the platform plans to enhance its governance structure, expand the Meer Node network, and introduce a marketplace for token transactions. It also aims to integrate AI-driven tools for personalized gaming experiences and host large-scale gaming tournaments.
Pros
Unique combination of short-form media and casual gaming designed for broad appeal. Built on Meer Chain, a layer-3 blockchain offering optimized performance for web3 gaming. Decentralized infrastructure with Meer Nodes enhancing data storage and reliability. Dual-token system for governance, in-game transactions, and ecosystem stability. AI integration supports advanced analytics and ensures fair gameplay. Cons
Some technical elements, like node operations, may require advanced understanding. ➤ Layer-3 blockchain architecture: Meer Chain promises to ensure faster and more efficient processing for decentralized gaming activities. This could significantly improve scalability and performance.
➤ Meer Nodes: Extend IPFS functionality for decentralized storage of assets and AI training datasets.
➤ Dual-token economy: TRIX powers governance and platform utilities, while WORM facilitates in-game purchases and rewards.
➤ AI-powered tools: Analytics, abuse prevention, and leaderboard systems to create a fair and engaging user experience.
➤ Gamified engagement: Offers challenges and rewards designed to keep players involved and incentivized.
➤ Scalable ecosystem: Built to support global expansion with multi-chain compatibility and advanced blockchain infrastructure.
2. Gala Games
Native token
$GALA
Launched in
2019
Gala Games is a web3 gaming platform that aims to revolutionize the gaming industry by giving players true ownership of in-game assets. It was founded in 2018 by Eric Schiermeyer, co-founder of Zynga, the company behind popular games like FarmVille.
Gala Games combines blockchain technology, NFTs, and player-driven economies to create a unique gaming ecosystem.
The platform hosts a diverse portfolio of titles, including the likes of Town Star, Spider Tanks, and Mirandus — each promising engaging gameplay with ample earning opportunities.
At its core lies the GALA token, used for in-game transactions, governance, and rewards. Players can earn GALA and other game-specific tokens by playing games, owning nodes, or participating in the ecosystem. Gala Games supports decentralized decision-making, with node operators having a voice in platform development.
Pros
Provides players with true ownership of in-game assets using blockchain technology and NFTs. Expanding portfolio of games with engaging gameplay. Community-driven governance through player-operated nodes. GALA token supports P2E mechanics and incentivizes ecosystem participation. Strong leadership team with gaming and blockchain expertise. Cons
High entry cost for some games due to expensive NFTs or required assets. Complexity of blockchain elements may challenge non-crypto-savvy users. ➤ Player-owned economies: Gamers retain full ownership of in-game assets represented as NFTs, which can be traded or sold across marketplaces.
➤ GALA token utility: Facilitates in-game transactions, rewards node operators, and enables governance participation.
➤ Node network: Includes Founder Nodes for governance and game-specific nodes to support decentralized gameplay and reduce reliance on traditional servers.
➤ Expanding game portfolio: Offers games like Town Star (P2E farming), Spider Tanks (PvP brawler), and Mirandus (fantasy RPG) that cater to various genres.
➤ Decentralized infrastructure: Player-operated nodes ensure platform security and scalability, with rewards distributed to incentivize participation.
➤ NFT integration: Provides gamers with rare and unique assets. This paves the way for player-driven economies and earning opportunities.
3. Immutable X
Native token
$IMX
Launched in
2021
Immutable X is another popular web3 platform that promises to revolutionize the gaming and NFT markets. It offers a high-performance layer-2 scaling solution for Ethereum and promises to effectively tackle high gas fees, slow transaction speeds, and limited scalability.
The platform leverages Zero-Knowledge Rollups (zk-rollups) to ensure instant trade confirmations and gas-free transactions while also maintaining Ethereum’s decentralization and security.
It also provides a developer-friendly infrastructure that includes REST APIs, SDKs, and NFT-enabled wallets. These features collectively ensure a smooth integration of blockchain features into games and applications. At the same time, they also reduce development complexity, making it an attractive choice for game developers.
The Immutable X Marketplace further enhances the platform by offering zero gas fees for NFT trading and a shared global order book. These features boost liquidity, simplify user engagement, and encourage interoperability across marketplaces.
Players, meanwhile, benefit from true ownership of in-game assets, with the ability to trade, sell, and use these items across supported platforms.
Pros
Zero gas fees for NFT minting and trading. Powered by ZK-Rollups for scalability and decentralization. Strong marketplace with instant trade confirmations and high-frequency transaction support. Empowers players with ownership of in-game assets. Growing ecosystem attracting gamers, developers, and collectors. Cons
Limited number of supported games compared to traditional platforms (so far). ➤ Zero gas fees: Enables minting and trading of NFTs without transaction costs, thus lowering entry barriers for users.
➤ Zk-rollups scalability: Ensures faster transactions while maintaining security and decentralization on Ethereum.
➤ User-friendly marketplace: A reliable platform for trading NFTs with instant trade confirmations and high-frequency support.
➤ Cross-game asset ownership: Players can own and utilize assets across various games within the ecosystem.
➤ Developer-friendly tools: APIs and SDKs simplify game integration and encourage ecosystem growth.
4. QORPO
Native token
$QUORPO
Launched in
2018
QORPO is a web3 gaming and e-sports platform that blends blockchain technology with AAA-quality games to create an elaborate decentralized gaming ecosystem. It offers a one-stop hub for gaming, esports, and digital asset management that serves gamers and blockchain enthusiasts alike.
QORPO simplifies web3 gaming by uniting its products under QORPO WORLD, a suite that includes a web3 wallet, an NFT marketplace, a DAO-powered governance system, and advanced gaming mechanics powered by Unreal Engine 5.
This ecosystem combines new technology with community-driven principles to deliver an immersive gaming experience.
Some of the top games and features on the platform include:
➤ Citizen Conflict: A dystopian hero shooter that combines esports-ready mechanics, cyberpunk aesthetics, and a player-driven economy.
➤ AneeMate: A fantasy RPG where players rescue and own mythical creatures as NFTs — it’s a mix of strategy, exploration, and storytelling.
➤ QORPO Marketplace: A transparent, decentralized marketplace for trading in-game assets and NFTs.
Pros
Titles like Citizen Conflict and AneeMate offer immersive gameplay powered by Unreal Engine 5. QORPO WORLD integrates games, a wallet, an NFT marketplace, and governance in one seamless platform. The platform emphasizes decentralization by granting players true ownership of in-game assets via NFTs. Integration with Ethereum, BNB Chain, Immutable X, and more ensures low-cost, scalable transactions. Competitive and spectator modes appeal to esports enthusiasts. Cons
While streamlined, onboarding to blockchain gaming may still pose challenges for beginners. Some high-value assets might limit accessibility for casual gamers. ➤ QORPO marketplace: A decentralized marketplace for secure trading of in-game items, NFTs, and digital assets.
➤ Web3 wallet: Manage cryptocurrencies, NFTs, and stake assets within the QORPO ecosystem.
➤ DAO governance: Users vote on platform development, token listings, and roadmap milestones.
➤ Advanced game development: Powered by Unreal Engine 5 and AWS for high-performance gameplay.
➤ Multi-chain support: Offers compatibility with Ethereum, BNB Chain, Immutable X, and more for seamless transactions.
5. Axie Infinity
Native token
$AXS
Launched in
2018
Axie Infinity is another popular blockchain-based gaming platform that merges play-to-earn (P2E) mechanics with engaging gameplay. Players can collect, breed, and battle creatures called Axies, each represented as a unique NFT. These Axies, along with in-game rewards like Smooth Love Potion (SLP) and governance token Axie Infinity Shards (AXS), form the backbone of the ecosystem.
The gameplay includes virtual land ownership, P2E incentives, and a decentralized economy powered by the Ethereum-based Ronin sidechain. Meanwhile, the Axie Infinity Marketplace serves as a hub for buying, selling, and trading Axies, virtual land, and other in-game items.
Initially launched as Axie Infinity Classic, the game transitioned to Axie Infinity Origins in 2022 to enhance gameplay and accessibility. Despite a fluctuating player base in 2025, Axie Infinity remains a significant force in the GameFi space.
So far, this growing ecosystem has contributed to the rise of blockchain gaming by promoting peer-to-peer engagement and empowering players with ownership and autonomy of in-game assets.
Pros
Players own in-game assets like Axies and virtual land as NFTs The Ronin sidechain reduces gas fees and enhances transaction speed for a smooth user experience. Unique and rewarding P2E dynamics. Includes virtual land, AXS governance tokens, and in-game rewards like SLP. Regular updates and the introduction of Axie Infinity Origins reflect ongoing innovation. Cons
The cost of acquiring Axies or virtual land can deter casual players. Earnings have decreased as market saturation and economic adjustments impacted profitability. ➤ NFT-based gameplay: Each Axie is an NFT that grants players true ownership and the ability to trade or sell their creatures.
➤ Smooth Love Potion (SLP): Can be earned through gameplay. You can use this token for breeding Axies or trading on exchanges.
➤ Axie Infinity Shards (AXS): A governance token enabling holders to vote on platform decisions, stake for rewards, or purchase in-game items.
➤ Virtual Land (Lunacia): Tokenized plots where players can gather resources, earn AXS, and upgrade their Axies and base.
➤ Scholarship Program: Community-driven model where players can lease Axies to new users, thereby expanding access to the game.
How to choose a web3 gaming platform Considering the abundance of web3 gaming platforms out there — some established, others new and emerging — it makes sense to carefully consider the following factors to ensure the best gaming and investment experience:
Game quality and variety: Ideally, you should look for platforms offering engaging, high-quality games with diverse genres. A platform’s ability to deliver an immersive and engaging experience often reflects its commitment to innovation and player satisfaction.
Ownership and asset utility: You also want to ensure the platform provides true ownership of in-game assets via NFTs. Consider how these assets can be used across different games or ecosystems, as this can significantly improve their value and usability.
Blockchain integration: Check the platform’s underlying blockchain technology for scalability, transaction speed, and low costs. Established blockchains like Ethereum, Solana, or Polygon often provide sound infrastructures.
User-friendliness: A good platform should offer intuitive interfaces, easy wallet integration, and straightforward onboarding to make itself accessible to new and experienced users. Community and ecosystem: Platforms with active communities and strong partnerships often have better growth potential. Look for transparency in governance and opportunities to participate in decision-making.
Security and trust: Make sure that the platform undergoes regular audits and adheres to security standards. A track record of safe transactions and transparent operations is essential. Stay safe when gaming in web3 Web3 gaming ecosystems are still in the early stages of development and can’t yet match traditional gaming platforms in quality or game variety. However, many platforms, including some covered in this article, are making significant progress, with some even working to introduce AAA titles to their libraries. That said, what sets web3 gaming apart is its play-to-earn mechanics and true ownership of in-game assets. These aspects offer a unique appeal that compensates for the current limitations in quality and variety.
Each platform on our list offers distinct features and opportunities. So, start by exploring their game libraries, P2E models, and ecosystem dynamics to find the platform that best suits your preferences. Remember to always prioritize your safety when interacting with web3 platforms and never share your crypto wallet’s private keys or click unverified links.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Purchasing in-game tokens for investment purposes is risky and you may lose money.
Frequently asked questions What makes web3 gaming platforms different from traditional gaming platforms? Web3 gaming platforms integrate blockchain technology to offer a decentralized ecosystem where players assume true ownership of in-game assets as NFTs. Unlike traditional platforms, where assets are tied to the game, web3 assets can be traded or sold independently. These platforms also feature decentralized economies that allow users to participate in governance and earn rewards through play-to-earn models.
Can beginners play web3 games? Many web3 platforms are working to simplify onboarding for new users with intuitive interfaces and guides. However, understanding blockchain basics like wallets, tokens, and NFTs is essential for using these ecosystems. Beginners should start with platforms offering free-to-play options and comprehensive tutorials.
How do I pick the best web3 gaming platform? Key factors include the platform’s game library, play-to-earn dynamics, and supported blockchain ecosystems. Check for security measures, user reviews, and token utility to ensure a reliable experience. Assess compatibility with your devices and ease of use for smooth gameplay.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
PANews reported on June 11 that, according to Bits.media, the NovaBox platform's reward pool was hacked on Ethereum on June 9, resulting in the loss of approximately 56.73 ETH, affecting over 130 depositors. The attackers drained the pool from 65.11 ETH to 0.09 ETH in a single transaction, representing approximately 99.86% of the total. Security firm F12 stated that the incident was not due to a smart contract vulnerability, but rather a flaw in the reward distribution mechanism.
The attacker borrowed 427.5 WETH through an Aave V3 flash loan, exploiting a vulnerability in NovaBox's mechanism where dividends are paid out before the balance is updated upon user deposits and withdrawals. The hacker first deposited a small amount of NOVA tokens to trigger dividend calculation, then deposited a large amount of ETH, significantly increasing the actual share. However, because the system failed to update the balance in time, dividends were still calculated based on the previous small share, but were paid out based on the new large share, resulting in a "phantom dividend" of approximately 145.82 ETH, thus depleting the reward pool.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
8 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
8 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
8 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
8 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
8 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
