Track market-moving stories before they get noisy

Voyager Token ($VGX) Leads the Daily Gainers with a Massive 64.9% Surge

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Cryptocurrency is an unpredictable market. Today, ZERO, CVC, and ROUTE have increased up to double digits. As the market develops, these tokens attract the attention of investors with their high growth rates. Although ZERO saw massive price surges, other tokens have shown impressive growth, including STRIKE, MATH, and TST. 

ZERO, CVC, and ROUTE: The Major Gainers  Zerolend (ZERO) leads by a 30% gain. Being a decentralized lending platform, ZERO enables users to lend and borrow cryptocurrencies without relying on third parties. The token’s price has risen to $ 0.00036, but the relative placing of this token puts it at number nine on the list with a market capitalization of $9M. 

Civic follows closely with a 27.9% gain and a price of $0.23. Including Civic on Binance, one of the world’s largest exchanges could be the reason for the upswing. Civic currently boasts a market cap of $186M, making it one of the most prominent players in the decentralized identity industry.

Router Protocol rounds off this top-performing group with an increase of 25.7% and its current value of $1.78. The platform’s aim to increase the compatibility of blockchain systems coupled with listing on Bybit has created demand for the project and raised its capitalization to $29.4M.

STRIKE and MATH: Noteworthy Gainers  STRIKE has added a decent 16.1% gain and is trading at $7.65 today. STRIKE is a platform for building financial services that enable users to receive interest on crypto deposits. Strike has a $40.5M market cap and is expanding its user base as the DeFi market grows. 

Math, another substantial token, rose by 15.8% to $0.22. MATH is the native token of MathWallet, a multi-chain wallet that processes asset activities across blockchains. Currently boasting a $39.1M market capitalization, MathWallet’s integration with various DeFi and NFT platforms can also explain the MATH price rise. 

TST and NAVX: Middle Gainers Teleport System Token has surged by 13.8% to $0.0099. TST is part of a decentralized teleport system that promotes logistics and supply chain companies through blockchain. 

Navi Protocol has risen by 13.2% and is now selling at $0.15. As NAVX can be bought on Huobi and possesses a market cap of $38.6M, it has a lot of room for growth as more and more customers seek privacy-focused and decentralized product offerings.

FLIP, LOOM, and SAFE Chainflip has grown by 9.2% and is currently trading at $1.19. With more and more apps starting to demand cross-chain compatibility, Chainflip has become more helpful in this space.

Loom Network comes second last on the list with an 8.9% increase in value, trading at $0.057. The recent growth of Loom can be attributed to the focused advancements towards scalability and side-chain technology.

Last on the list is Safe, which clinches the list with an increase of 7.7% and has a selling price of $0.92. As the number of potential investors seeking custody hangs in a distributed environment increases, the prospects of SAFE’s service grow. It has the largest market cap of $448.8M among all the tokens on the list.

Phoenix Group helps traders and investors get key information to operate in this volatile field by constantly focusing on the crypto market. 

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With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.

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Today, ApeCoin, DeepBook, and Math tokens witnessed significant price gains in the crypto market. Notably, ApeCoin surged by a remarkable 75.3%, topping the list of daily gainers. Phoenix, a crypto analytical platform, shared the details of the crypto gainers of the day through its official social media platform, X.

https://twitter.com/pnxgrp/status/1847933834903343182

ApeCoin Leads with a 75.3% Surge ApeCoin ($APE) made headlines today with a 75.3% price spike, reaching $1.37 and a market cap of $988.8M. This rise positions it as the top gainer on the daily chart. Significantly, the surge reflects increased interest in the project, which continues to build momentum across major exchanges like Binance.

DeepBook ($DEEP) also saw a massive boost, growing by 59.3% to $0.088. The project now holds a $219.3M market cap, indicating its rising prominence among decentralized platforms. The token’s growth on Bybit signifies its growing popularity among traders.

Math and API3 See Significant Gains Math ($MATH) followed closely with a 52.0% increase, climbing to $0.69 and securing a $128.1M market cap. API3 ($API3) also saw positive movement, with a 34.4% rise, bringing its value to $1.12 and a market cap of $222.6M. The two tokens are gaining traction due to their innovative approaches to decentralized finance and APIs.

Additionally, several smaller projects experienced notable growth. For instance, Bibble ($BBL) saw a 28.6% increase in trading on KuCoin. TOMI ($TOMI) and DIA ($DIA) rose 28.4% and 24.2%, respectively, continuing the upward momentum in the crypto space. 

Moreover, Tribal Token (TRIBL) gained 20.5%, further highlighting the range of projects seeing gains. Aleph (ALEPH) experienced a 19.5% rise, while Entangle ($NGL) followed with a 17.6% increase. These movements drive increased interest in decentralized finance (DeFi) and blockchain utility projects.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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The Bitcoin (BTC) price has plunged below $98,000, retracing from $105,000 as low as $97,750 today, marking a sudden decline of as much as -6.8%. The rapid sell-off coincides with heightened volatility across both crypto and traditional markets, with multiple factors contributing to BTC’s downward spiral.

Why Is Bitcoin Down Today? #1 DeepSeek’s Surprise Impact On Tech Markets

The primary driver behind the broader risk-off sentiment appears to be the emergence of DeepSeek, a Chinese artificial intelligence (AI) platform whose swift rise and cost-effectiveness have rattled US tech giants. Renowned market commentary outlet The Kobeissi Letter posted via X:

“Nasdaq 100 futures are now down -330 POINTS since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to US large cap tech. The stock market does not lie.”

DeepSeek reportedly competes with ChatGPT yet was developed at a fraction of the cost, using less advanced hardware. Benchmark tests indicate that DeepSeek is outperforming ChatGPT in categories such as AIME, MATH-500, and GPQA, igniting concerns that the dominance of US-based AI firms could be at risk.

The Kobeissi Letter added:“OpenAI … was valued at ~$157 BILLION in October 2024 … has ~22 TIMES more employees than DeepSeek. This is why markets have been blindsided.”

Traders fear that if investors pull capital out of overextended AI stocks, a broader tech sell-off could ensue. This has significant implications for the Bitcoin and crypto market as well because of its correlation. “Crypto is front running as markets are closed & it’s a higher risk-beta asset class,”crypto analyst Miles Deutscher noted via X.

However, he sees a silver lining for Bitcoin and crypto once the AI stock boom subsides: “If DeepSeek is the knife that could (momentarily) burst the AI stock bubble, then this could actually be bullish for crypto, as liquidity rotates back. AI stocks sucked up a lot of speculative capital that previously would’ve flowed into BTC/crypto.”

#2 Pre-FOMC De-Risking

Another contributor to the current downswing is the commonly observed pre-FOMC market de-risking. Historically, investors recalibrate their portfolios ahead of the Federal Open Market Committee meetings, scheduled for January 28–29, 2025. Although consensus indicates that interest rates may remain unchanged, riskier assets like Bitcoin and cryptocurrencies often face sell-pressure in the lead-up to such announcements.

Deutscher commented:“Pre-FOMC de-risking (this is very normal, especially in an environment where we’re extremely sensitive to rates/U.S. dollar/liquidity).”

Deutscher also speculated on whether Federal Reserve Chair Jerome Powell might adopt a softer stance, given the recent transition of the US presidency: “So… if stocks are already in panic mode, is Jerome Powell really going to come out super hawkish? Right as Trump has just entered office? Idk… My prediction is that the pre-FOMC sell-off marks the local bottom.”

#3 Lack Of New Price Catalyst After Trump’s Executive Order

Market participants also cite a perceived vacuum of fresh bullish news following last week’s first-ever crypto executive order by President Donald Trump. Although the order initially propelled crypto optimism, the absence of a new catalyst left traders wanting more. Deutscher referred to this as the “lack of short-term ‘north star’ after Trump’s inauguration.”

#4 Long Liquidations Exacerbating The Move

According to Coinglass data, a flurry of long liquidations has magnified the downward price action. 313,683 traders were liquidated in the past 24 hours. Total crypto liquidations hit $853.92 million, with $795.5 million in longs.

The largest single liquidation order occurred on HTX for BTC-USDT valued at $98.46 million. On the Bitcoin market alone, $250 million worth of long positions were liquidated. The surge in liquidations amplified BTC’s fall, triggering more traders to unwind positions. Analysts view these forced liquidations as both a cause and a symptom of heightened volatility.

At press time, BTC traded at $98,983.

Bitcoin plunges to $98,000, 4 hour chart | Source: BTCUSDT on Tradingview.com Featured image created with DALL.E, chart from TadingView.com

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TLDR:Crypto Equity Fund Expands Regulated Access in Hong KongInstitutional Demand Drives New Market StrategyGet 3 Free Stock Ebooks Metalpha partnered with AMINA Bank to launch Principal Fund I, expanding regulated crypto equity access in Hong Kong. The fund invests in listed crypto firms like Coinbase, Circle, and MicroStrategy alongside Hong Kong-based companies. LSQ Capital, Metalpha’s licensed Hong Kong subsidiary, manages the product under SFC rules for professional investors. Principal Fund I has delivered over 20% outperformance against its benchmark since August 2024 inception. Crypto investment in Hong Kong just gained a new entry point. Two financial firms are teaming up to roll out a regulated equity product tied to the digital asset industry. The deal comes at a time when professional investors are demanding structured access.

Institutional appetite for crypto-related products keeps rising across Asia. This latest move brings a mix of traditional finance and blockchain exposure under one roof.

Crypto Equity Fund Expands Regulated Access in Hong Kong On August 28, Metalpha Technology Holding Ltd. announced a partnership with Swiss-based AMINA Bank AG, according to a company release. The bank, licensed by Switzerland’s financial regulator, will extend its services into Hong Kong through its local unit.

The first product is Principal Fund I, designed to give professional investors equity exposure to leading crypto-related companies. The portfolio includes shares of Coinbase, Circle, and MicroStrategy from the US, alongside blockchain-linked firms listed in Hong Kong. 

LSQ Capital, Metalpha’s licensed Hong Kong subsidiary, manages the fund under the oversight of the city’s Securities and Futures Commission.

The minimum entry for investors is set at one million US dollars. The strategy goes beyond simple exposure, using derivatives to adjust for volatility while targeting stronger returns than Bitcoin itself. Data from the company shows the fund has already outpaced its benchmark by more than 20 percent since August 2024.

Executives from both sides said the collaboration builds on Hong Kong’s focus on regulated financial infrastructure. The market is opening wider to family offices, institutions, and ultra-high-net-worth investors seeking structured products in the digital asset space.

Institutional Demand Drives New Market Strategy The backdrop for this launch is a global surge in demand for regulated crypto exposure. According to Metalpha, US Bitcoin ETFs reached record inflows, with more than 150 billion dollars under management since early 2024.

Michael Benz, AMINA’s Head of Asia-Pacific, described the city as moving from infrastructure building to broader adoption among professional investors. The new fund, he said, aims to deliver the kind of structured solutions that this audience requires.

Industry observers note that the fund gives investors a way to access crypto price exposure without directly holding volatile assets. By anchoring returns to listed companies tied to blockchain growth, the approach lowers operational risks while opening regulated pathways.

Both firms confirmed that Principal Fund I is the first in a planned series of wealth products. Future launches are expected to expand beyond equities as the partnership develops new strategies to match market demand.