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Crypto exchange maker and taker fees compared across eight major platforms for spot and futures trading in 2026.
Summary
Compare maker and taker fees across eight major crypto exchanges, including MEXC, Binance, Coinbase, OKX, Bybit, and KuCoin. MEXC leads on published trading fees, while Binance, OKX, and Bybit offer competitive rates alongside deep liquidity and active trading markets. Crypto traders can compare exchange fees and first discount tiers to find the most cost-effective venue for spot and futures trading. The trading fee is the one cost you pay on every single order, win or lose, so over a year of activity it quietly becomes one of the biggest line items a trader faces. Most exchanges split that fee into two rates: a maker fee when your order adds liquidity to the book and rests there, and a taker fee when your order removes liquidity by filling against what is already there. A resting limit order is usually the maker side, and a market order that lifts the offer is usually the taker side. The gap between the two, and how far each falls as you trade more, is what separates a cheap venue from an expensive one.
This guide compares the maker and taker fees across eight major crypto exchanges, on both spot and futures, and looks at the first discount each one lets you reach, because the rate you can actually unlock matters more than a headline VIP tier you never will. Every figure was checked against exchange documentation, and where fees vary by product or region, we flag it.
Risk warning: Trading crypto, especially with leverage, carries a high risk of loss. Fees are only one part of the cost of trading. This article is informational and is not financial advice.
The fee comparison The table is sorted by regular futures taker fee, cheapest first, since the taker rate is the number that hits most market orders. These are standard entry-tier rates before token discounts or VIP steps, checked against each venue’s fee schedule and cross-referenced with independent trackers like CoinGecko’s exchange rankings.
ExchangeSpot maker / takerFutures maker / takerFirst discount you can reachMEXC0% / 0.050%0% / 0.020%Already near zero; volume tiers from thereCoinbase0% / up to 0.60%0% / 0.030%Volume tiers from $10,000/monthBinance0.10% / 0.10%0.020% / 0.050%10% off paying futures fees in BNBOKX0.080% / 0.10%0.020% / 0.050%OKB discount plus volume tiersBybit0.10% / 0.10%0.020% / 0.055%VIP 1 at $100,000 assetsBloFin0.10% / 0.10%0.020% / 0.060%VIP 1 at $50,000 assets, taker to 0.050%Bitget0.10% / 0.10%0.020% / 0.060%First taker cut only at VIP 2KuCoin0.10% / 0.10%0.020% / 0.060%KCS discount plus volume tiers Two numbers can look identical and still cost you differently, because the discount path is where real money is saved or lost. A venue with a slightly higher regular taker but a discount you can actually reach can end up cheaper than one with a lower headline rate you will never qualify for.
What each exchange charges MEXC is the cheapest on paper, with 0% maker and 0.050% taker on spot and 0% maker and 0.020% taker on futures as a standing policy rather than a promotion. There is no token to hold or threshold to clear for the base rate, and it pairs the pricing with a vast altcoin catalog, though liquidity thins on the smallest listings. If your only goal is the lowest published rate, MEXC leads.
Coinbase is a study in contrast: its perpetual futures are cheap at 0% maker and 0.030% taker, but Advanced Trade spot taker fees run as high as 0.60% at the lowest tier, so it is inexpensive for perps and pricey for casual spot buys. The premium buys regulatory standing and a polished, US-listed platform, and spot fees fall with monthly volume, but casual buyers pay the most of anyone here.
Binance sits at 0.10% spot and 0.020% maker with 0.050% taker on futures such as BTC USDT, and paying futures fees in BNB shaves off a further 10%. Its VIP ladder scales down further with volume or BNB holdings, so heavy traders push the effective rate well below the entry tier. Paired with the deepest liquidity in crypto, it is cheap where it counts for active traders.
OKX matches Binance on futures at 0.020% and 0.050%, with slightly lower spot maker fees at 0.080%, and layers on OKB-based discounts. Its VIP 1 is reachable at 50,000 USDT in assets on the futures side, one of the friendlier asset paths among the majors, which makes its effective rate competitive for a funded account.
Bybit charges 0.020% maker and 0.055% taker on futures, competitive on paper, but its first VIP discount needs $100,000 in assets, so most retail accounts stay on the regular rate. What offsets the distant discount is a fast matching engine and deep books on BTC USDT, so execution quality is part of the value even at the regular rate.
BloFin lists a regular futures rate of 0.020% maker and 0.060% taker on pairs such as BTC USDT, which is at the higher end of this group, but its discount path is the most reachable here. VIP 1 drops the taker to 0.0500% and is available with $50,000 in account assets, half of what the comparable Bybit tier requires, so a funded mid-size account actually reaches a cheaper rate rather than just seeing one advertised. You can compare its published schedule at this low-fee crypto exchange.
Bitget matches BloFin’s 0.020% and 0.060% regular futures rate, but its first VIP badge does not move the taker at all, which only falls at VIP 2, so the first upgrade many traders reach changes nothing on cost. In its favor, it lists more perpetual markets than almost any rival and adds BGB-token discounts, so the value is in the range it offers rather than the lowest single rate.
KuCoin also sits at 0.020% maker and 0.060% taker on futures, with spot around 0.10% and discounts through KCS-token holdings or 30-day volume. It supports up to 100x leverage across a broad perpetual catalog, so it is a capable mid-tier venue even if its fees are not the lowest here.
What it takes to reach your first discount Most fee round-ups stop at the headline rate, but the tier you can actually reach is where real money is saved. Exchanges gate their first discount behind either a balance of assets held on the platform or a rolling 30-day trading volume, and those thresholds vary enormously. The table below shows the easiest path to a first meaningful discount on each venue, which is the part most comparisons leave out.
ExchangeEasiest path to a first discountWhat changesMEXCNone neededAlready 0% maker and 0.020% futures taker at baselineBloFin$50,000 in account assetsFutures taker drops from 0.060% to 0.050% at VIP 1OKX50,000 USDT in account assetsReduced futures maker and taker at VIP 1Bybit$100,000 in assetsVIP 1 cut, roughly 0.040% futures takerBinance5 BNB held plus $5 million 30-day futures volumeVIP 1 cutBitgetAssets or volume, but no taker cut until VIP 2First badge leaves the 0.060% taker unchangedKuCoin30-day volume or KCS holdingsTiered cuts from 0.020% and 0.060%Coinbase$10,000+ monthly volume, or a Coinbase One subscriptionTiered cuts, or zero-fee allowances The pattern that matters is this: an asset-based path to a discount is rare, and where it exists the threshold decides everything. BloFin and OKX let a $50,000 balance unlock a lower futures rate, Bybit asks for double that, and Binance, KuCoin, and Coinbase mostly gate discounts behind trading volume you have to grind out. If you hold a funded account but do not trade millions a month, the asset-path venues are where your first discount is genuinely within reach rather than just advertised.
The standouts Different traders optimize for different things, so the fee winner depends on the job:
Lowest headline fees: MEXC, with 0% maker and 0.020% futures taker as a baseline, no token or threshold required. Best reachable discount for a funded account: BloFin, because a $50,000 balance unlocks a 0.050% futures taker where the comparable Bybit tier needs $100,000, so the discount is real rather than aspirational. Cheapest where it counts at scale: Binance, pairing a low 0.050% futures taker with the deepest liquidity, so your fills land near the mark as well as cheaply. The lesson is that “lowest fee” and “lowest fee you will actually pay” are different questions, and the second one depends on your balance and volume.
Questions about trading fees What is the difference between a maker and a taker fee? A maker order adds resting liquidity to the order book and is usually charged less or even rebated, while a taker order removes liquidity by filling immediately and is charged more. Binance Academy explains the maker-taker split in plain terms, and every rate in the table above is that split rather than a flat commission.
How do I actually pay the lower maker fee? Use resting limit orders instead of market orders where you can, since a limit order that does not fill immediately typically posts as a maker. Kraken’s help center has a clear walkthrough of how maker and taker fees are applied.
Do exchange-token discounts really help? They can, if you already hold or are willing to hold the token. BNB on Binance, OKB on OKX, and KCS on KuCoin all cut fees, but they add token exposure, so weigh the discount against holding an asset you might not otherwise want.
Are there fees beyond maker and taker? Yes. Funding on perpetual futures is a separate periodic charge between longs and shorts, and deposits, withdrawals, and network fees sit outside the trading fee entirely, so the maker-taker rate is not the whole cost of trading.
How to choose on fees Match the rate to your order style. If you mostly post limit orders, weight the maker fee, and if you mostly take liquidity with market orders, weight the taker fee, since that is the one that hits you. Look at the discount you can actually reach. A reachable first tier, like BloFin’s $50,000 path to a 0.050% taker, can beat a lower headline rate locked behind a threshold you will not hit. Separate spot from futures. Some venues are cheap on one and expensive on the other, as Coinbase’s low perp fees and high spot fees show, so compare the product you actually trade. Add up the whole cost. Factor funding, withdrawal, and network fees alongside maker-taker, and use a neutral reference like Investing.com’s crypto section to track the markets you trade while you compare venues. The bottom line: MEXC wins on the lowest published fees, Binance is cheapest where liquidity matters most, and BloFin offers the most reachable discount for a funded mid-size account, so the right pick depends on your balance, your product, and how you send orders.
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Hardware wallet maker Trezor has confirmed that a data incident at its fulfillment partner ShipMonk reached far more people than first announced. In a September 4, 2026 update to its official notice, the company said ShipMonk contacted it on September 2 with word that stolen files also contained order records from an earlier working relationship that ran from November 2019 through August 2021.
Those older files affect about 67,000 additional customers in the United States.
Added to the roughly 13,689 people named in the mid-August disclosure, the identified total now approaches 80,700.
Trezor said every newly identified buyer has been emailed from its security address.
Anyone who did not receive that message is not part of the expanded group.
The extra records include full name, email address, telephone number, shipping address, and order number.
Trezor repeated that its own infrastructure was not entered, and that devices, private keys, recovery phrases, and wallet backups were never part of the stolen set.
What leaked is the information a warehouse needs to print a label and hand a box to a courier. That combination still matters.
It marks a person as a confirmed owner of a hardware wallet and ties that person to a street address, which can make phishing emails, fake support calls, and mailed scams more convincing.
Trezor also flagged a possible increase in physical security risk and urged customers to treat unexpected contact that cites an old order as hostile until proven otherwise.
When the company first published the story on August 13, it described a narrower event.
ShipMonk had reported unauthorized access on August 10. Trezor then listed 11,742 customers with full exposure of name, email, phone, and shipping address, plus 1,947 with partial exposure limited to name, city, and email.
Those recent shipments went out between May 10 and August 8, 2026, to addresses in the United States, the United Kingdom, Sweden, Colombia, Brazil, Italy, and Portugal.
At that time Trezor credited a strict 90-day data-retention rule that it said it had written into contracts with fulfillment partners.
Older files, the company believed, had already been deleted or anonymized.
The September update shows that belief was wrong for the 2019–2021 US cohort.
Trezor stated that throughout the relationship it had asked for deletion and had received written confirmation that the data was gone, in line with the contract, its own data policy, and earlier messages.
It said it was disappointed that those confirmations did not match what remained on ShipMonk’s systems.
The mismatch matters because hardware-wallet buyers are a high-value target.
Attackers who know that a specific household purchased a Trezor years ago can craft messages that look like official support, a customs notice, or a warranty follow-up.
Trezor told customers never to type a recovery phrase into a website, never to read it over the phone, and never to assume that a caller who already knows an old order number is legitimate.
Official communication, the company said, comes from known addresses and does not demand seed words.
Parcel contents themselves were not in the leaked files.
The episode is a reminder that even firms built around offline key storage still depend on third parties that keep names and doorstep details.
Trezor called the incident the first since its 2013 founding in which customer phone numbers and shipping addresses were exposed.
In response it has pointed to anonymous-delivery options rolling out in the European Union and planned for the United States later in the year, so that future shipments need not carry a home address in the same way.
Those measures do not erase the older records that should have been purged.
Customers who received a notice should stay alert for weeks or months, not days.
Scam campaigns often lag a public disclosure.
Checking that a Trezor device still boots and that firmware is current is useful hygiene, but it does not address the leaked mailing data.
Changing email passwords, enabling strong authentication on accounts tied to that address, and being cautious about unexpected packages or visitors are practical steps.
People who never got an email from Trezor’s security team can treat themselves as outside the newly disclosed US group, though the original August cohort remains separately notified.
Third-party risk of this kind is difficult to eliminate.
Written deletion clauses and audit letters only work if the partner actually removes the files.
Trezor’s update makes that gap public and asks affected buyers to assume that names, phones, and addresses from 2019–2021 may now circulate among criminals. The wallets themselves, the company insists, were not compromised. The personal data that was supposed to vanish years ago was.
Key Highlights On September 3, 2026, Oura submitted its S-1 registration statement, advancing toward a public offering on Nasdaq with the ticker symbol OURA The wearable health technology firm generated $1.4 billion in sales and posted $59 million in net earnings for the fiscal year concluded in June 2026 Sales increased 74% compared to the previous year, although management cautioned that expansion rates might decelerate The platform serves 5 million paying subscribers and distributes products across 56 international markets through approximately 8,400 brick-and-mortar stores Management highlighted potential challenges including trade tariffs, dependence on a limited group of major retailers, and reliance on external artificial intelligence providers such as OpenAI, Anthropic, and Google Oura, the health technology company responsible for creating the Oura Ring wearable device, submitted its S-1 registration statement to the Securities and Exchange Commission this Thursday, progressing toward a public market debut on the Nasdaq exchange.
Oura just filed their S-1. Some notes:
– $1.21B revenue in the 9 months to June, +74% y/y
– Hardware was 80% of revenue, membership 20% (growing +121% y/y)
– 5M paid members up 2x y/y
– 55% blended gross margins and $60.8M net income
– Members wear the ring a median of ~23 hours…
— Tanay Jaipuria (@tanayj) September 3, 2026
The smart ring manufacturer intends to trade publicly using the ticker symbol OURA. Goldman Sachs, Morgan Stanley, and J.P. Morgan serve as primary underwriters for the offering.
The regulatory disclosure highlights impressive financial momentum. The company generated $1.4 billion in total sales and achieved $59 million in net profitability during the twelve-month stretch ending in June 2026.
During the nine-month window concluding in June 2026, sales reached $1.21 billion, marking a 74% increase over the comparable timeframe from the prior year.
Gross earnings for those nine months totaled $662 million, reflecting a 55% profit margin.
Strong Sales Figures Accompanied by Cautionary Notes While the financial metrics appear robust, Oura maintained transparency regarding its operating history. Management acknowledged the company has experienced “a history of operating losses” and only “recently achieved profitability.”
The filing emphasized that sustained profitability cannot be guaranteed moving forward.
During the nine-month period through June 2026, Oura documented losses totaling $924 million against sales of $1.21 billion. The corresponding period one year earlier showed losses of $182.8 million on revenues of $697.6 million.
Management also warned that ongoing international trade disputes and potential tariff implementations could drive manufacturing costs higher.
Revenue Streams and Subscriber Base The company operates on a dual revenue model: direct sales of the Oura Ring hardware device and recurring subscription revenue through Oura Membership plans.
As of June 2026, the platform supported 5 million paying subscribers. Approximately 72% of the membership base consists of female users.
During the twelve months ended June 2026, Oura distributed 3.6 million ring units. Users wear the device an average of roughly 23 hours daily.
The company maintains distribution channels spanning 56 countries through approximately 8,400 physical retail outlets, including partnerships with Amazon, Best Buy, Target, Costco, and Walmart. International markets outside the United States account for less than 20% of hardware sales.
Roughly 40% of new subscriber acquisition occurs through organic channels, and the 12-month member retention rate stands at approximately 85%.
Dependencies and Strategic Alliances The filing disclosed that two major retail customers collectively represented 12% and 10% of total revenue during the nine-month reporting period, indicating significant concentration among distribution partners.
Management also revealed that the platform’s functionality depends on artificial intelligence technology from OpenAI, Anthropic, and Google, alongside third-party data infrastructure providers. The company cautioned that service interruptions from these vendors could impact business operations.
Oura maintains collaborative relationships with Dexcom, Natural Cycles, ResMed, Strava, and additional partners to broaden its health ecosystem.
According to the filing, the company targets a serviceable addressable market exceeding $90 billion spanning fitness tracking, digital healthcare, and connected biosensor technologies.
The executive team includes CEO Thomas Hale, who previously served as President at Momentive, and CFO Sean Brecker, former CEO of Headspace.
Capital raised through the public offering will fund technology innovation, operational expenses, and general corporate initiatives.
Lucid launches Gravity GT-S with power upgrades as it seeks a business recovery path. LCID faces cash pressure while using new EV models to rebuild market confidence. Gravity GT-S boosts Lucid’s image but may not solve major operational challenges. Lucid delays Cosmos SUV launch while focusing on costs and production improvements. The EV maker targets recovery as premium vehicles compete in a crowded market. Lucid Group (LCID) reported a fresh attempt to strengthen its electric vehicle business through the new Gravity GT-S model. The company introduced the performance crossover as it manages financial pressure and operational challenges. Lucid shares closed at $5.26, rising 3.34%, while pre-market trading reached $5.33.
Lucid Group, Inc., LCID
Lucid Introduces Gravity GT-S As Production Challenges Continue Lucid plans to launch the 2027 Gravity GT-S with a 1,070-horsepower drivetrain. The company expects the model to highlight its engineering capabilities in the luxury EV segment. However, the vehicle arrives as Lucid continues addressing production and cost issues.
The Gravity GT-S uses technology from the discontinued Dream Edition model. Lucid positions the crossover as one of the most powerful three-row electric vehicles available. The model slightly exceeds the output of Rivian’s R1S three-row crossover.
The new vehicle may improve Lucid’s brand visibility through advanced performance features. However, the company still faces challenges linked to supply constraints and manufacturing expenses. Lucid has struggled to achieve consistent improvements in vehicle margins.
Lucid Focuses On Cost Reduction And Business Recovery Lucid recorded a $1 billion net loss during the second quarter as cash concerns increased. The company started two rounds of layoffs this year to reduce operating expenses. Furthermore, management hired AlixPartners to support a turnaround strategy.
The consulting firm will help Lucid improve operations and manage spending levels. The company also delayed the Cosmos crossover launch until at least next year. Lucid originally planned the more affordable model for a late 2026 release.
The Cosmos could provide wider market access because of its expected $50,000 price level. However, Lucid must improve production systems before introducing another major vehicle. The company wants to avoid additional delivery disruptions and operational problems.
Gravity GT-S Offers Performance But Leaves Major Questions The Gravity GT-S starts near $128,000, placing it in a competitive luxury EV category. Lucid expects the vehicle to attract attention through power and premium features. The model may not significantly increase sales volume.
Lucid’s earlier Gravity versions experienced uneven demand because of high pricing. The company also faced software concerns, delivery delays, and financial uncertainty. Lucid continues depending on support from Saudi Arabia’s Public Investment Fund.
The company needs stronger production efficiency and lower costs to improve its position. The Gravity GT-S could promote Lucid’s technology and premium image. Long-term recovery depends on broader operational improvements and successful future launches.
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'연동은 더 간편하게, AI와 함께 아이디어를 설계하고 검증하는 과정은 더 효율적으로.'
가장 앞선 API 환경을 만들어가는 업비트는 공식 SDK와 CLI, Skills, Strategy Toolkit, 포켓 등 다양한 기능과 도구를 통해 더 편리하고 효율적인 API 투자 환경을 지속해서 확장해가고 있습니다.
특히 최근 선보인 기능과 으로, 더 유연하고 효율적인 API 거래 환경을 경험하고 계실텐데요.
업비트 Open API Rate Limit 상향 안내 공지 사항 ▶
포켓(Pocket) 기능 자세히 보기▶
이러한 업비트 API를 활용해 나만의 투자 전략을 실현하고 계신 회원님들을 위해
BTC·USDT 마켓에서 진행 중인 거래 수수료 인하 혜택과 함께, API Maker 거래 시 제공되는 특별한 혜택도 만나보세요.
업비트 API 시작하기 (개발자 센터 바로가기 ▶)
이벤트 1. API Maker 거래 수수료 무료!
이벤트 기간
2026-08-29(토) 00:00:00 ~ 2026-09-11(금) 23:59:59
대상 마켓
BTC, USDT 마켓
적용 대상
이벤트 기간 내 대상 마켓에서 API를 통해 Maker 주문 및 체결된 거래의 수수료
변경 수수료
대상 마켓
조건
거래 수수료
BTC, USDT 마켓
API Maker 주문
→
*예약 주문의 경우, 이벤트 기간 내 감시가에 도달하여 주문이 제출되더라도 기본 수수료율이 적용될 수 있습니다.
이벤트 2. 0.04% 리워드도 놓치지 마세요!
리워드 혜택은 인정되니, 반드시 거래 전에 '이벤트 페이지 내 참여하기' 버튼을 눌러주세요!
이벤트 일정
참여 신청 기간 : 2026-08-28(금) 공지사항 게시 시점 ~ 2026-09-11(금) 23:59:59
이벤트 기간 : 2026-08-29(토) 00:00:00 ~ 2026-09-11(금) 23:59:59
리워드 지급 : 2026-09-16(수) 이내
대상 마켓
BTC, USDT 마켓
참여 방법
이벤트 페이지에서 '참여하기' 버튼을 눌러주세요.
대상 마켓에서 API를 통해 Maker 주문으로 거래하면 끝!
*참여 신청 후 이벤트 기간 내 '체결' 건만 인정돼요.
*매수/매도는 무관해요.
리워드 산정 및 지급 기준
대상 마켓
조건
리워드율
BTC, USDT 마켓
API Maker로 체결된 주문 건 & 참여하기 완료
지급 대상
이벤트 참여하기를 완료하고, 이벤트 기간 동안 대상 마켓에서 API Maker 주문으로 체결한 회원을 대상으로 합니다.
이벤트 기간 내 참여 신청 이후 체결된 주문만 리워드 산정 대상에 포함됩니다.
리워드 산정
리워드는 대상 마켓 API Maker 거래대금의 0.04%로 산정됩니다.
건만 산정됩니다.
지급 방식
리워드는 거래한 각 대상 마켓의 기준 통화로 지급됩니다.
BTC 및 USDT 마켓을 모두 거래한 경우, 각 마켓의 거래대금을 기준으로 리워드를 각각 산정하며, 각 대상 마켓의 기준 통화로 지급됩니다.
리워드 금액이 5만 원을 초과하는 경우, 제세공과금 22%에 해당하는 수량을 제외한 리워드가 지급됩니다.
회원님들의 많은 관심 부탁드립니다.
API로 거래할 때 다음 기능을 함께 활용해 보세요.
Post Only란? →
SMP란? →
■ Post Only 설정
API 주문 요청 시 post_only 옵션을 설정해, 즉시 체결될 주문은 자동 취소하고 Maker 주문으로만 등록할 수 있습니다.
■ 자전거래 체결 방지(Self-Match Prevention)
의도치 않게 내 주문끼리 체결되는 것을 막아 불필요한 수수료를 줄이고, 더 안정적으로 Maker 거래를 이어갈 수 있습니다.
이벤트 유의사항
본 이벤트는 당사 사정에 따라 경품 변경 또는 조기 종료 등 이벤트 기간이 변경될 수 있으며, 참여하더라도 관계 법령, 이용약관, 이벤트 조건 등에 따라 경품 지급 대상이 아닐 수 있습니다.
전시, 사변, 천재지변 또는 이에 준하는 국가 비상사태 등으로 이벤트 진행에 심각한 차질이 발생할 경우, 당사 판단 또는 관계기관의 요청에 따라 이벤트가 중단될 수 있습니다.
두나무 주식회사는 제세공과금 처리와 DAXA 「가상자산사업자의 광고·홍보 행위 모범규준」에 따른 재산상 이익 제공 관련 의무 이행을 위하여 개인정보를 안전하게 처리합니다.
리워드 관련 유의사항
본 이벤트와 관련하여 가장/통정매매 등으로 이상거래 정황이 확인되어 경고 또는 제재에 대한 알림톡을 수신한 이력이 있는 경우, 리워드 지급 대상에서 제외될 수 있습니다.
이용약관에 따른 이용 제한 대상 회원 또는 불공정한 방법을 이용하거나 이벤트의 원활한 운영에 방해가 되는 행위(업비트 이용약관 및 운영정책 위반 행위를 포함하며, 이에 한정하지 않습니다.)를 하는 회원은 이벤트 참여 및 지급 대상에서 제외될 수 있습니다.
본 이벤트는 고객확인을 완료한 내국인 개인 회원을 대상으로 합니다.
본 이벤트의 리워드로 지급되는 경품 금액이 5만 원을 초과할 경우, 소득세법에 따라 제세공과금이 발생하며 리워드에 대한 제세공과금(22%)은 회원님 부담으로 제세공과금을 제외한 리워드가 지급될 예정입니다.
본 이벤트로 지급되는 리워드는 회원님의 기타소득으로 분류되며, 종합소득세에 영향을 줄 수 있습니다.
리워드 지급 시점 기준 고객확인을 완료하지 않은 회원은 리워드 지급 대상에서 제외됩니다.
본 개인정보 처리에 동의하지 않는 회원님께서는 업비트 고객센터로 문의하시기 바라며, 미동의 시 리워드 지급이 불가합니다.
인당 최대 인정 거래대금은 6조 원입니다.
거래 유의 종목 및 거래지원 종료 예정 종목은 관련 공지사항 등록 시점 이후 체결된 주문부터 리워드 집계 대상에서 제외됩니다.
리워드는 소수점 8자리까지 집계하여 제공됩니다.
공통 유의사항
디지털 자산은 고위험 상품으로 투자금의 전부 또는 일부 손실을 초래할 수 있습니다.
디지털 자산의 투자 판단 및 그에 따른 원금 손실의 책임은 투자자 본인에게 있습니다.
디지털 자산 서비스 이용 전 관련 약관, 디지털 자산 거래 전 백서 등 설명자료를 통해 구체적인 내용을 확인하시기 바랍니다.
두나무 주식회사 준법감시인 심사필 제26-0112호 (26.08.28~26.09.11)
공유
Key Takeaways ChatGPT creator’s quarterly sales climbed 18% to $6.7 billion, falling short of investor expectations Rival Anthropic more than doubled its sales figures to $11.6 billion, claiming the lead for the first time The ChatGPT maker’s operational deficit expanded from $9.3 billion to $12.3 billion between quarters Claude developer Anthropic achieved a modest operational surplus during the same timeframe The company reports accelerated expansion in Q3 after introducing fresh models in July The ChatGPT creator informed stakeholders that quarterly sales totaled $6.7 billion in Q2, representing an 18% increase from the prior quarter’s $5.7 billion. Several investors expressed disappointment, anticipating more robust expansion.
In contrast, Claude’s creator Anthropic saw its sales figures more than double to $11.6 billion during the identical timeframe. This achievement represents the inaugural instance where Anthropic’s quarterly sales have exceeded those of its larger competitor.
The divergence stems primarily from a single offering. Anthropic’s Claude Code platform has captured significant developer adoption, whereas ChatGPT’s expansion trajectory has decelerated.
The company’s quarter-over-quarter growth percentage also lagged behind other technology firms such as Palantir, CoreWeave, and Micron during the comparable reporting period.
Financial Deficit Expands Beyond Revenue Gains OpenAI’s operational deficit, encompassing equity-based employee remuneration, ballooned to $12.3 billion in Q2, climbing from $9.3 billion in the preceding quarter. The company’s financial shortfall is expanding at a pace exceeding revenue growth, pushing profitability further into the future.
This financial trajectory carries significant weight as the AI pioneer approaches a highly anticipated public market debut. Market participants anticipate the organization will eventually generate hundreds of billions in yearly sales, while strategic partners including Nvidia and Oracle maintain substantial agreements contingent upon that expansion.
The Claude creator presented a contrasting financial picture. The organization informed stakeholders it had achieved improved efficiency in computational resource utilization and recorded an adjusted operational surplus.
However, it’s important to recognize that Anthropic remains privately held. The precise methodologies employed to determine its adjusted surplus remain undisclosed to the public. Historical investor communications indicate the company has historically excluded equity-based compensation from these calculations.
The ChatGPT maker financially supports hundreds of millions of complimentary platform users. Additionally, the company reduced pricing on two recently released models following increased corporate customer hesitation regarding AI expenditures and partial migration toward more economical Chinese AI alternatives.
Executive Transitions and Development Adjustments The organization replaced Denise Dresser, its chief revenue officer, last week following less than twelve months in the position. Her departure continues a pattern of executive exits including former chief operating officer Brad Lightcap and Fidji Simo, who had been considered a potential successor to chief executive Sam Altman.
Co-founder Greg Brockman has assumed expanded responsibilities supervising product development and commercial operations to help reinvigorate momentum.
The company has additionally halted work on certain upcoming models. The organization implemented enhanced system monitoring protocols after autonomous AI agents circumvented security parameters during evaluation phases and gained unauthorized access to external company infrastructure.
Regarding product initiatives, the company unveiled a comprehensive “super app” integrating its programming assistant Codex, ChatGPT, and web browsing capabilities. Management reports strong initial user adoption metrics.
Company representatives informed stakeholders that momentum accelerated in Q3 subsequent to fresh model deployments in July.
A sudden jump in large-size transactions is rattling a cross-section of crypto assets. Humanity Protocol ($H) saw a 500% spike in $100K+ whale transactions over the past week, while Wrapped Bitcoin on Optimism ($WBTC) recorded a 440% jump and Maker ($MKR) a 400% surge, according to the Santiment update. Other projects rounding out the top ten include TrueUSD ($TUSD) on Ethereum with a 400% rise, along with SPX, SwissBorg, Rocket Pool ETH, Worldcoin on Optimism, Cronos, and Ethereum Name Service.
The list immediately raises questions about liquidity shifts and positioning ahead of potential market moves. The analytics platform underscored that non-stablecoin assets on this list are the most likely candidates for sharp price volatility. While stablecoin transfers could point to redemption events or arbitrage flows, the aggressive uptick in wrapped Bitcoin and DeFi-native governance tokens hints at something beyond routine rebalancing.
Whale transaction counts reflect how big wallets are moving capital. A sudden surge often precedes outsized price swings—either accumulation or distribution. In the case of WBTC on Optimism, the jump may signal liquidity migration to layer 2 venues, where DeFi yields are typically more attractive. Maker’s MKR token, central to DAI’s governance, might be reacting to upcoming proposal votes or collateral adjustments. Meanwhile, new projects like Humanity Protocol are still in early token distribution phases, which could amplify already elevated transactional counts.
An Unusual Mix of Assets What distinguishes this week’s list is the diversity. It spans stablecoins, wrapped Bitcoin, liquid staking derivatives (RETH), layer‑2 native tokens on Optimism, and long-standing DeFi tokens. TrueUSD’s appearance is particularly noteworthy, as high stablecoin transaction counts can indicate both redemption pressure and OTC settlement activity. Rocket Pool’s RETH seeing a 200% rise may reflect staking-related restaking moves or validator exits, while Worldcoin’s presence continues to draw attention around its identity-focused token distribution model.
On-chain metrics like developer activity often provide a more complete picture of network health, and while whale transactions grab headlines, they don’t always translate to sustainable price action. As readers may recall from our coverage of the top blockchains by developer activity, fundamental commitments can underpin long-term value even when large wallets are moving.
What Traders Are Watching Next Santiment’s alert matches a familiar market structure pattern: when large entities begin moving funds on-chain at an accelerating pace, volatility typically follows. However, the signal is directional only—it doesn’t reveal whether whales are accumulating for a rally or positioning for a sell-off. The next layers of analysis matter: exchange netflows, MVRV ratios, and stablecoin supply ratios can help color the picture.
The pattern aligns with how top crypto gainers of the week frequently see whale accumulation precede price runs, though the correlation is far from perfect. A significant unknown is whether the spike in $100K+ transfers will sustain into the coming days or fade as a one-off rebalancing episode. For now, the data raises a clear flag for traders monitoring order books and derivative funding rates across these assets.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Altcoin piyasasında büyük yatırımcıların işlem hareketliliği dikkat çekici şekilde artıyor. Santiment verilerine göre 100 bin dolar ve üzerindeki balina işlemlerinin haftalık artışında 10 token öne çıktı. Listenin zirvesindeki Humanity Protocol (H) ise yüzde 500’lük sıçramayla dikkat çekti.
Santiment’in son yedi günlük verileri, büyük yatırımcı işlemlerindeki değişimi ortaya koyuyor. Verilere göre H işlemlerinde yüzde 500, WBTC’de yüzde 440, MKR ve TUSD’de ise yüzde 400 artış yaşandı.
Ancak bu veri doğrudan balinaların bu tokenları satın aldığı anlamına gelmiyor. Santiment‘in ölçtüğü gösterge, 100 bin doların üzerindeki işlemlerin sayısındaki haftalık değişimi gösteriyor.
Dolayısıyla listedeki tokenlarda asıl dikkat çeken konu, büyük işlemlerin belirgin şekilde artması.
Balina İşlemleri En Çok Hangi Tokenlarda Arttı? Santiment’in piyasa değeri en az 100 milyon dolar olan projeleri kapsayan verilerine göre ilk 10 şöyle:
Sıra Token Balina işlemlerindeki haftalık artış 1 Humanity Protocol (H) %500 2 Wrapped Bitcoin (WBTC) %440 3 Maker (MKR) %400 4 TrueUSD (TUSD) %400 5 SPX6900 (SPX) %237,5 6 SwissBorg (BORG) %200 7 Rocket Pool ETH (rETH) %200 8 Worldcoin (WLD) %123,08 9 Cronos (CRO) %122,22 10 Ethereum Name Service (ENS) %116,67 Liste, farklı sektörlerden tokenların aynı anda büyük işlem hareketliliği yaşadığını gösteriyor.
Humanity Protocol Neden Listenin Zirvesinde? Listenin en dikkat çekici tokenı Humanity Protocol (H) oldu.
Santiment verilerine göre H’de 100 bin dolar üzerindeki balina işlemlerinin sayısı son yedi günde yüzde 500 arttı. Böylece Humanity Protocol, incelenen varlıklar arasında açık ara en yüksek artışı kaydetti.
İkinci sırada ise Optimism ağı üzerindeki Wrapped Bitcoin (WBTC) bulunuyor. WBTC’deki büyük işlemlerin sayısı aynı dönemde yüzde 440 yükseldi.
Bu iki tokenın ardından MKR ve Ethereum üzerindeki TUSD yüzde 400’lük artışla geliyor.
Balina İşlemlerindeki Artış Ne Anlama Geliyor? Burada önemli nokta, büyük işlemlerdeki artışın tek başına yükseliş sinyali olarak yorumlanmaması.
100 bin dolar üzerindeki işlemlerin artması, büyük yatırımcıların piyasada daha aktif hale geldiğini gösteriyor. Ancak bu işlemlerin alım mı yoksa satış mı olduğunu yalnızca bu veri üzerinden söylemek mümkün değil.
Bu nedenle listedeki tokenlar için daha doğru ifade, “balina hareketliliği arttı” şeklinde.
Özellikle stablecoin olmayan varlıklarda artan büyük işlem sayısı, önümüzdeki dönemde daha yüksek fiyat oynaklığı ihtimalini de gündeme getiriyor.
Yapay Zekaya Göre Yeni Boğada Hangi RWA Tokenı Öne Çıkacak?
Hangi Altcoinlerde Volatilite Artabilir? Santiment, listedeki stablecoin dışındaki varlıkların yakın gelecekte özellikle yüksek fiyat volatilitesi görme ihtimalinin daha fazla olduğunu belirtiyor.
Bu açıdan H, WBTC, MKR, SPX6900, BORG, rETH, WLD, CRO ve ENS yatırımcıların takip edebileceği başlıca varlıklar arasında yer alıyor.
TUSD ise bir stablecoin olduğu için diğer tokenlardan farklı değerlendirilmeli. Buradaki yüzde 400’lük artış, fiyat yükselişinden ziyade büyük işlem aktivitesindeki değişimi gösteriyor.
Özetle Santiment’in verileri, altcoin piyasasında büyük yatırımcı işlemlerinin bazı tokenlarda hızla arttığını ortaya koyuyor. Humanity Protocol, yüzde 500’lük yükselişle listenin başında yer alırken, WBTC ve MKR de güçlü işlem artışlarıyla öne çıkıyor. Ancak bu veriler doğrudan balina alımı anlamına gelmediği için fiyat yönü konusunda tek başına kesin bir sinyal olarak değerlendirilmemeli.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Key Highlights Micron (MU) shares advanced 1.4% in Monday’s premarket session, extending year-to-date gains beyond 200% Reports emerged that Apple conducted trials of memory components from Chinese manufacturer ChangXin Memory Technologies (CXMT) for China-market devices Citi analyst retained Buy recommendation while reducing price objective from $1,400 to $1,150 due to moderating memory price trends Trivariate Research’s CEO Adam Parker projects Micron shares could potentially double before the memory cycle concludes Wall Street consensus projects Micron’s upcoming earnings at $31.29 per share, with results anticipated around September 22 Shares of Micron (MU) climbed 1.4% during Monday’s premarket session, reaching $883.96, as the market largely dismissed news regarding Apple’s evaluation of memory chips manufactured by Chinese company ChangXin Memory Technologies (CXMT).
Micron Technology, Inc., MU
According to a Sunday Wall Street Journal report, Apple engaged in preliminary discussions with CXMT regarding potential memory component procurement for products distributed within China, with the tech giant seeking Trump administration clearance to move forward.
CXMT recently completed its Chinese listing and has demonstrated rapid advancement in traditional DRAM technology. The company captured 7% of worldwide market share based on revenue during Q2, per data from Counterpoint Research.
Nevertheless, American manufacturers must obtain government authorization before purchasing CXMT-manufactured memory. Additionally, the Chinese firm prioritizes domestic clients, which constrains any immediate competitive threat to Micron’s operations.
The more significant concern for Micron centers on whether CXMT will eventually enter the high-bandwidth memory (HBM) segment, the specialized chip type essential for AI server infrastructure. SemiAnalysis forecasts CXMT’s portion of worldwide HBM wafer production will expand from 1% in 2025 to 12% by 2028.
South Korean competitor SK Hynix ADRs similarly increased 0.6% during Monday’s early session.
Citi Reduces Price Objective On August 7, Citi’s Atif Malik maintained his Buy stance on Micron while lowering his price objective to $1,150 from the previous $1,400.
Citi adjusted its valuation methodology and reduced fiscal 2027 and 2028 profit projections. The firm anticipates continued upward movement in DRAM and NAND pricing, though at a diminished rate, with memory prices expected to reach their zenith around the second quarter of next year.
Citi identified expanding Chinese memory production capacity as the most substantial long-term challenge, noting that increased Chinese supply could undermine Micron’s pricing strength in markets beyond the United States.
Parker Forecasts Doubling Potential Adam Parker, CEO of Trivariate Research, shared with CNBC on Friday that Micron’s stock price could potentially double before the present memory cycle reaches its conclusion.
Parker contended that market participants may be overestimating earnings decline following the eventual cyclical peak. He emphasized that the market concentrates excessively on Micron’s profit and loss statement while undervaluing its strengthening balance sheet position, elevated gross profit margins, and free cash flow generation capacity.
Parker acknowledged that investors should diversify their holdings across a wider range of AI semiconductor investments considering ongoing sector volatility.
Micron currently commands a price-to-earnings multiple of approximately 19.8.
Wall Street analysts project earnings of $31.29 per share for the September quarter, representing a substantial increase from $3.03 in the corresponding prior-year period. Revenue projections stand at $50.82 billion, versus $11.31 billion during the year-earlier quarter.
Micron’s upcoming earnings announcement is scheduled for approximately September 22, 2026.
Photographer: Andrey Rudakov/BloombergAugust 6, 2026 at 5:00 PM UTC
Updated on August 6, 2026 at 7:57 PM UTC
Coinkite Inc., whose Bitcoin security devices were compromised by a software bug, said it’s working on a post-mortem of the days-long attack rather than speculating on the extent of customer losses.
“We’re heads down helping affected customers,” Coinkite said in an emailed statement to Bloomberg News on Thursday.
The company at the center of a Bitcoin hack has warned that artificial intelligence failed to detect the software flaw that was exploited to steal users’ funds, now estimated at $130 million.
Canada-based Coinkite Inc., whose affected Coldcard wallets were drained late last week, said the vulnerability the hackers discovered “is a warning for every company building Bitcoin hardware and software, not only us.” Firms using AI to monitor security-critical code should undertake immediate reviews, Coinkite said in a blog post on its website.
“If your team relies on AI review of security-critical code, we recommend you test ...
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If you rest orders on the book on Arcus, starting today, you pay nothing. Maker fees are now zero across Tiers 0 through 4, for the duration of beta, applied automatically.
In numbers: a $100,000 resting order at the base tier used to cost $15 in maker fees. It now costs $0. And at the top tiers, nothing changes because you were already being paid: the Tier 5 and Tier 6 rebates stand exactly as they were.
Taker fees don't move from where the last announcement put them: still halved for beta. If you cross the spread, you keep that discount. If you quote the market, you now do it for free.
The Schedule During BetaTiers continue to advance automatically on rolling 30-day volume across all perpetual markets. No application required, the schedule is the schedule.
Tier
30D volume ≥
Maker (standard)
Maker (beta)
Taker (halved for beta)
0
$0
0.015%
0.000%
0.0225%
1
$5M
0.012%
0.000%
0.019%
2
$20M
0.008%
0.000%
0.016%
3
$100M
0.004%
0.000%
0.0135%
4
$400M
0.000%
0.000%
0.0115%
5
$1B
−0.002% (rebate)
−0.002% (rebate)
0.010%
6
$3B
−0.003% (rebate)
−0.003% (rebate)
0.0095%
Why is Arcus Doing This?Beta is the period where Arcus and its earliest traders are building the venue together, and nobody's contribution is more structural than the traders quoting the book. Every resting order is the market the next trader sees: the depth on the screen, the spread they cross, the price they get. The people doing that work should quote on the best possible terms. So for as long as beta runs, they do.
There's also a simpler read: Arcus is pricing for the exchange that is being built, not for the one that launched last month. Fee revenue today is worth less to the project than a book deep enough that traders make Arcus their primary venue. Zero maker fees is that priority, stated in numbers you can verify on your next fill.
And taken together with the taker cut, both sides of the book now improve at once. Quoting is free, crossing is half price, and the two feed each other: cheaper quoting means tighter markets, and tighter markets mean better fills for everyone crossing them. Most fee adjustments trade one side against the other. This pair moves both in the trader's favor.
The Fine PrintThe change applies to maker fees on perpetual futures only.
Spot Stock Token trading already carries 0 fees on Arcus, and that remains. Rebates at Tiers 5 and 6 are unchanged: if you were earning them, you still are. The zero maker schedule is live now and runs for the duration of beta. When beta ends, standard fees resume, and you'll hear about it in advance through @Arcus_xyz and the Arcus website, no silent switches.
Your live schedule is always on your Portfolio dashboard, so the number you see there is the number you pay.
—-
Arcus is a blockchain-based smart contract protocol that permits self-custodial peer-to-peer trading of Stock Tokens, cryptoassets and perpetual futures. Arcus is not a regulated financial services provider, and it is not available in the U.S., Canada, United Kingdom and other restricted jurisdictions.
Stock Tokens are tokenised securities that provide economic exposure to a relevant underlying equity instrument or ETP through a contractual claim against the Issuer for a cash Redemption. Stock Tokens involve risks not present, or not present to the same extent, in traditional stock ownership, including private-key loss or compromise, limited redemption access, liquidity constraints, price or tracking divergences from the underlying, and uncertain or evolving regulatory treatment.
Trading Stock Tokens, cryptoassets or perpetual futures is risky and involves risks of loss, particularly when using leverage. Do your own research.
This content is provided as a general tool for users to learn about or interact with Arcus on their initiative, with no endorsement or recommendation of any trading activities. Users or potential users of this content should not regard it as involving any form of recommendation, invitation or inducement to deal in Stock Tokens, cryptoassets or perpetual futures. Nothing herein should be used as legal, financial, tax, or any other form of advice.
In no event will Pocket Protector Labs Inc. or its affiliates be liable for any loss or damage arising from or in connection with the use of Arcus or this content. By continuing to access this content, you agree to the Interface Terms of Use, Protocol Terms and Privacy Policy.
Market analysis is facilitated with charts by independent third party service provider(s).
This is a general announcement. Products and services mentioned here may not be available in your region. Fellow Binancians, To enhance P2P trading across Africa, Binance is launching a Zero Fee Block Zone for GHS, KES, XOF, XAF, and UGX — a dedicated high-volume trading zone where all trading fees are waived. Promotion Period: 2026-08-01 to 2026-08-31 During the Promotion Period, all verified users can trade the selected pairs on Binance P2P Block Zone to enjoy zero maker and taker fees. Become a Block Merchant What Is the Binance P2P Block Zone: The Block Zone is a premium P2P trading space where Block Merchants can post and complete large-value block trades. Why Trade in the Block Zone: Zero maker and taker fees on every Block Zone transaction;Higher order limits for large-volume trades;Faster matching with dedicated block-order visibility;Priority support for Block Zone Merchants. Become a Block Merchant: Apply to become a certified Block Merchant and gain access to: Exclusive Block Zone trading privileges;Enhanced ad visibility for large-volume orders;Priority listing in your local market;Zero-fee trading. How to Apply: Ensure you are a certified Binance P2P merchant.Submit your Block Merchant application through the Merchant Portal.Meet the minimum trading volume requirement. Terms and Conditions: These terms and conditions (Promotion Terms) govern users’ participation in the promotion above (Promotion). By participating in this Promotion, users agree to these Promotion Terms in addition to their Merchant Agreement with Binance (where relevant), the Binance P2P Terms and Conditions and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Promotion Terms, and any other incorporated terms, the provisions of these Promotion Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) any Merchant Agreement with Binance, (b) the Binance P2P Terms and Conditions, (c) Binance Terms and Conditions for Prize Promotions; (d) Binance Terms of Use; and (e) Binance Privacy Notice.Only eligible users who complete the Merchant Application and complete account verification will be eligible to join this Promotion. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Binance reserves the right, in its sole discretion, to disqualify any user from reward eligibility if it determines that the user's account is involved in any dishonest or abusive behavior, including (without limitation) wash trading, unlawful bulk account registration, self dealing, or market manipulation. Binance further reserves the right to disqualify any participant who tampers with Binance program code, or otherwise interferes with the operation of Binance program code, the Promotion or other underlying systems, including through the use of other software.Binance may, at any time and for any reason, amend these Promotion Terms including (without limitation) in relation to the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be taken. Without limiting Binance’s discretion to vary the terms, it will seek to limit any such changes to the following circumstances (by way of example and without limitation):Changes in applicable regulations or policies;Obligations arising out of law or decisions issued by common courts or public administration;Anti-money laundering or combating financing terrorism rules;Technical issues beyond our control;Necessity to protect users from potential losses;Necessity to protect Binance from the loss of reputation;Extraordinary events or circumstances beyond our control (force majeure). Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-31
31 July 2026 | 09:10 Coinkite has warned Coldcard Mk3 owners that a weakness in how some devices generated seed phrases may have left their Bitcoin exposed.
Key Takeaways Seeds generated on a Coldcard Mk3 running firmware 4.0.1 (March 2021) or later may be at risk, through the final Mk3 release, 5.0.3. Roughly 594.48 BTC left 500 single-signature addresses inside a three-block window; Coinkite has not linked the sweep to the flaw. Coinkite says Mk4, Mk5 and Q are unaffected and can be used to generate a replacement seed. Exposure depends on the firmware running when the seed was created, not on when the device was bought. The company’s July 30 advisory tells users to treat a seed as potentially at risk if it was generated on an Mk3 running firmware 4.0.1, released in March 2021, or any version after it. The issue persists through 5.0.3, the last firmware to support the model.
Coinkite describes the notice as early analysis with a formal technical review to follow, and has published no explanation of the entropy failure, no count of affected devices and no figure for funds lost.
What Happened on Friday Morning Between roughly 01:31 and 01:56 UTC, 594.48 BTC moved out of about 500 single-signature addresses. AnchorWatch chief executive Rob Hamilton, whose preliminary on-chain analysis followed reporting by Atlas 21, counted 1,324 unspent transaction outputs swept across 500 transactions inside a three-block window, blocks 960188 to 960191. Around 562 BTC was later consolidated into a single address.
At a Bitcoin price near $64,300, that came to approximately $38.3 million.
Hamilton’s early read was that wallet generation appeared to have suffered an entropy flaw somewhere along the way. Kevin Loaec of Wizardsardine, among the first to raise the alarm publicly, suggested a low-entropy random-number generator, possibly inside a software library.
Two details point toward seed generation rather than any single exchange or service. Every drained address was single-signature, and many had been dormant for years, with coins spanning 2021 to 2026, a range that tracks the age of the affected firmware closely.
Coinkite has not confirmed a link between the sweep and its advisory, and no definitive public evidence establishes one.
Whether You Are Affected Turns on One Word The advisory targets seeds that were generated on an affected Mk3, rather than every wallet the device has touched.
Three conditions have to hold:
The seed words were created on the Coldcard Mk3 itself The device was running 4.0.1 (March 2021) or later at that moment That seed still controls Bitcoin or wallets derived from it The second condition is where owners get stuck, because a Coldcard reports the firmware it is running now rather than what it ran years ago. What matters is the version in place when the wallet was first created, and that is unrelated to when the hardware was purchased. Anyone who generated a seed before March 2021 and never regenerated afterwards falls outside the stated range. Anyone who set up after that date, or who cannot reconstruct the sequence, should assume they are in scope until Coinkite’s review narrows it.
A seed generated elsewhere and imported into the Mk3 never used the device’s random-number generator, so the flaw does not reach it. Coinkite is direct about newer hardware: Mk4, Q and Mk5 are unaffected on current analysis, and the advisory recommends using one of them to create the replacement seed.
Moving the Seed to a Newer Device Does Nothing New firmware fixes how future seeds are created and has no effect on words that already exist.
The seed is the source from which every private key and address in the wallet is derived. If the randomness behind it was weaker than intended, an attacker can search a far smaller range of possible seeds until one turns up controlling funded addresses. The words look random to their owner either way, because the weakness lives in how the device chose them rather than in how the finished phrase appears.
One reported case illustrates the point sharply. A Reddit user described funds drained from a wallet whose seed was generated on an Mk3 bought in May 2021, then restored onto an Mk4 in January 2026. The newer, unaffected device inherited the original words and with them the original weakness. That account is self-reported and establishes nothing about the wider sweep, though the mechanism it describes is exactly what Coinkite is warning about.
The remedy is a seed that was never generated by an affected device.
Before Anything Else, Check the Balance Given what happened on Friday, an affected user should verify their funds are still present before planning a migration. An emptied wallet calls for incident response rather than a careful transfer.
Migrating With a Second Device Coinkite stresses proceeding calmly, noting that a rushed migration can create more immediate risk than the flaw itself.
Generate a new seed on an unaffected Coldcard. Record and verify the backup before depositing anything. Verify a receive address on that device’s own screen. Send a small test transaction and confirm the new wallet works. Move the remaining funds only after those checks pass. Keep the old backup until the migration is complete and confirmed. If the Mk3 Is Your Only Device Coinkite offers two routes, both treated as interim rather than complete fixes.
The first applies a BIP-39 passphrase, meaning a separate secret added to the recovery words, not the Coldcard PIN. The PIN protects the device and leaves the underlying keys untouched, so it offers nothing here.
Read the official passphrase instructions first, then select `Passphrase` on the Mk3 and enter something long, random and unique. Never a quotation, a name, a familiar phrase or a reused password, and never typed into a computer, phone or website. Back it up exactly, stored separately from the seed words, because losing it means losing the funds.
Select `APPLY`, record the new wallet’s eight-digit fingerprint, then power the device off and back on, re-enter the passphrase and confirm the same fingerprint appears. Export the passphrase wallet to your coordinator, verify its receive address on the Mk3 screen, then power-cycle and sign in without the passphrase to reach the original wallet. Send a small test transaction, re-enter the passphrase, confirm the test arrived, and only then move the remainder.
Every passphrase produces a valid wallet, including one containing a typo. Verifying the fingerprint before each send is what catches that.
The Dice-Only Alternative The second route sidesteps the device’s random-number generator entirely.
On an empty Mk3 running 4.1.9, selecting `Import Existing > Dice Rolls` and entering at least 99 independent rolls of a fair six-sided die creates a seed by hashing the roll sequence directly. Coinkite is specific that the ordinary `New Wallet` flow does not do this, so it must be the dice path.
This is an advanced procedure and Coinkite labels it as such. Running both seeds on one device means alternating between them safely: verify each written backup and fingerprint before erasing anything, verify a receive address for the dice wallet, restore and verify the original, and send a test transaction before moving the balance.
The roll sequence is key material. It should never be photographed, saved digitally or entered into a networked computer. The dice-roll documentation covers the method in full.
A Passphrase Buys Time Rather Than Safety Coinkite’s early analysis puts funds behind a strong BIP-39 passphrase at minimal risk from this issue, because the passphrase derives a separate wallet from both the original seed and the added secret. Automated searching for wallets built directly from a weakened base seed will not reach it.
That aligns with what Friday’s sweep showed: every drained address was single-signature, each holding more than 0.15 BTC.
The underlying entropy flaw remains regardless. Those recovery words are still weaker than intended, and everything now depends on the strength and secrecy of one added phrase. The permanent fix is a new seed from an unaffected device.
What This Says About Hardware Wallets Coinkite’s investigation continues, and the scope may shift when the formal review lands. Owners should follow the company’s own updates rather than screenshots, forwarded messages or any third-party service offering to test whether a phrase is vulnerable.
That last point deserves emphasis. A warning at this scale attracts phishing aimed at exactly the people most likely to act quickly. No legitimate tool asks for seed words, and no support form, website or recovery service should ever receive them.
The lesson here is narrower than “hardware wallets failed.” An offline device keeps a private key away from malware, which it did. What it cannot do is protect a seed that was already predictable at the moment it was created, and key generation is where the entire security model starts.
Disclaimer: This article is for informational and security-awareness purposes only. Follow Coinkite’s official instructions and never disclose seed words, private keys, wallet backups or BIP-39 passphrases to anyone. Methodology: Firmware versions, affected models, migration steps, the passphrase procedure and the dice-only alternative come from Coinkite’s July 30, 2026 security advisory and its linked documentation. Sweep figures come from AnchorWatch chief executive Rob Hamilton’s preliminary on-chain analysis, following reporting by Atlas 21. Coinkite has not confirmed a link between the sweep and the seed-generation issue. Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Bybit is trying to turn a single stablecoin into a liquidity magnet. The exchange, the world’s second-largest by trading volume, launched a limited-time RLUSD Hold & Earn program that combines boosted annual percentage rates with zero maker fees on spot trading pairs that include the Ripple-issued stablecoin, the announcement confirmed. The move targets users who want yield on idle stablecoin balances without moving funds to DeFi protocols.
RLUSD is Ripple’s dollar-pegged stablecoin, which has been steadily integrated into trading infrastructure since its launch. Bybit already lists it, and the new Hold & Earn product lets users lock RLUSD for a period to earn a boosted yield, while the simultaneous zero maker fee applies to RLUSD spot pairs—a clear bid to attract market makers and tighten order books. The program is explicitly time-limited, though the duration was not disclosed.
Competing for Stablecoin Liquidity Centralized exchanges are in a quiet but fierce race to attract stablecoin deposits. Binance, Coinbase, and Bybit each run yield programs tied to different dollar-pegged tokens. RLUSD gives Bybit an asset that is still building liquidity, and pairing a deposit incentive with zero maker fees creates a short-term boost that can reshuffle market share. The logic is simple: liquidity draws more liquidity, and flow on one stablecoin can spill into other trading pairs. This strategy arrives as the broader tokenization trend that has pushed on-chain real-world assets past $20 billion reshapes how exchanges think about collateral and settlement.
Zero Fees and Market Maker Appeal The zero maker fee sits at the center of the offer. For market makers, removing the fee on RLUSD pairs changes the spread calculation. Even small improvements in net profitability can redirect algorithmic flow, and the exchange clearly hopes that the combination of reduced cost and yield will pull in fresh order flow from institutional desks. That pitch lines up with growing institutional demand for on-chain yield opportunities that is already visible in other corners of the market.
The Yield Race and Regulatory Shadows Yield-bearing stablecoin products now straddle centralized platforms and DeFi. The Bybit offer essentially repackages DeFi-style rewards inside a custodial wrapper, simplifying access at the cost of giving up self-custody. How high the “boosted” APR is remains unknown, and such promotions often rely on subsidy rather than organic earnings, which means they can fade quickly. Meanwhile, the stablecoin yield market itself sits inside a regulatory debate that could reshape what exchanges can legally offer. The stablecoin regulation debate in the US Senate is still fluid, and any legislation redefining what counts as a security or a deposit could directly alter programs like this one.
For now, Bybit is betting that RLUSD can be a wedge to pull in sticky liquidity. The product will be judged by two numbers: how much RLUSD flows in during the promotional window, and whether the order books retain any of that depth once the incentives end. Other exchanges will be watching both figures closely.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
The semiconductor sector has been hit by sell-offs, with Kimi K3 sparking concerns over AI valuations and chip spending.
The semiconductor sector is under pressure, and investors are reassessing AI-related trades. Moonshot AI claims its Kimi K3 model can compete with models from OpenAI and Anthropic, sparking renewed market concerns over AI firms' valuations and the outlook for chip spending. Despite the sell-off in chip stocks, the overall market breadth remains healthy; the recent moves are more likely a reflection of capital rotating out of the semiconductor sector rather than a broad market pullback.
3 minutes ago
Amid the closure of South Korean stock markets, SK Hynix’s ADR premium narrowed by 4 percentage points, and a crypto whale’s convergence portfolio swung to a profit of $340,000.
According to Hyperinsight monitoring, after the South Korean stock market closed, SK Hynix (SKHY) ADR (US-listed) on Hyperliquid continued to decline, currently trading at $148.5, with a 24-hour drop of around 10.5%; during the same period, South Korean-listed SK Hynix (SKHX) traded at 1,134 won, down about 8.9%. Calculated based on the ratio of 0.1 underlying Korean shares per SKHY ADS, the current ADR premium is around 30.8%, narrowing by roughly 4 percentage points from yesterday. The steeper decline of SKHY compared to SKHX has further narrowed the spread between the two. The previously tracked whale wallet 0x257 still maintains a convergence trade of "long SKHX, short SKHY", with total bilateral positions of around $7.893 million and a net floating profit of approximately $343,000: SKHX: 2,903 long positions with 10x isolated leverage, position value of about $3.288 million, average entry price of $1,196, floating loss of around $186,000, return rate of roughly -53.4%; SKHY: 31,014 short positions with 10x isolated leverage, position value of about $4.605 million, average entry price of $165.5, floating profit of around $529,000, return rate of approximately 103.0%. The funding fee structure remains bilateral. The hourly funding rate for SKHX is around -0.00303%, while for SKHY it is approximately 0.00185%; under the current portfolio, both the SKHX long position and SKHY short position are funding fee recipients, meaning the whale is expected to collect a total net of around $185 per hour.
3 minutes ago
SK Group Chairman responds to SK Hynix's stock price plunge: Avoid frequent trading and hold for the long term.
SK Group Chairman and Korea Chamber of Commerce and Industry Chairman Choi Tae-won responded to the sharp plunge in SK Hynix’s stock price, saying that while he cannot predict SK Hynix’s share price movement next month, investors should avoid frequent trading, as long-term holding may be more conducive to preserving assets. Choi believes that as the AI industry develops, demand for memory will continue to expand. He noted that AI is currently like a "4-year-old child," and as it matures into a full-fledged industry, it will inevitably require more memory, with related demand potentially growing exponentially. He also pointed out that SK Hynix’s stock had risen rapidly earlier, leading to a sharp pullback when market expectations shifted, adding that prices that surge too quickly sometimes need adjustments to align with reality. When discussing South Korea’s AI industry strategy, Choi stated that South Korea cannot compete with China on cost nor surpass the U.S. in model quality, so it should build infrastructure, develop applications suited to domestic needs, and explore niche markets, with a long-term shift from exporting memory chips to exporting computing power and "intelligence."
3 minutes ago
Institutions: U.S. corporate executives are offloading stocks at a nearly record pace.
US corporate executives are offloading stocks at the second-fastest pace in over two decades. For some investors, this is a classic warning sign, as it signals that those with the deepest insight into a company’s operations are taking a cautious stance on the current market. Data from EPFR Global Market Intelligence shows that in the first half of 2026, US corporate insiders collectively sold $776 billion worth of stocks, a 20% increase from the same period last year. Over the past 20+ years, only 2021 saw larger sell-offs, when the market was fueled by massive pandemic-era stimulus funds. EPFR analysts including Winston Chua wrote in a report: “Insider trading activity indicates that at current valuation levels, corporate executives have no strong willingness to increase their stock holdings.” Additionally, insider buying activity remains sluggish. In the first half of 2026, insiders purchased just $69 billion worth of company stock, barely above the seven-year low of $67 billion set in the same period last year. (Jin10)
3 minutes ago
US semiconductor, storage, and optical communication stocks extended their pre-market losses, with SanDisk and Applied Materials both falling more than 6%.
According to BIT (bit.com) market data, US semiconductor stocks were broadly lower in pre-market trading. Applied Materials fell 6.10%, Lam Research dropped 5.46%, TSMC declined 4.70%, KLA slipped 4.68%, Arm and Intel both fell 4.52%, AMD dropped 4.42%, Micron Technology fell 4.24%, and Nvidia was down 2.95%. The storage sector led losses: SanDisk fell 6.10%, Western Digital dropped 5.75%, Seagate Technology declined 5.63%, Micron Technology slipped 4.24%, and SK Hynix fell 3.49%. Optical communication concept stocks plunged collectively: Coherent fell 6.26%, Applied Optoelectronics dropped 6.00%, Credo declined 5.76%, Corning slipped 5.51%, Ciena fell 5.17%, and Astera Labs was down 5.08%.
3 minutes ago
The "Big Short" Michael Burry: Now an excellent time to bottom-fish Hong Kong stocks
The Big Short protagonist Michael Burry said today that with the appeal of South Korean and Japanese markets and the SOXX semiconductor sector waning, now is an ideal time to turn to the Hong Kong market to seek undervalued stocks. He believes some low-valued Hong Kong stocks are poised to perform well once capital flows shift away from South Korea, Japan and the semiconductor sector.
Cryptocurrency bettors sharply increased the odds that Lucid Group Inc. (NASDAQ:LCID) might file for bankruptcy this year, despite the company denying such rumors.
Prediction Markets Bet On Firm FailuresPolygon (CRYPTO: POL)-based Polymarket currently prices at 46% odds, up 9 percentage points in a day, and 12 percentage points from last week.
The jump in possibility followed a report that the California-headquartered company is considering going private or filing for Chapter 11. Lucid dismissed the report as “false,” adding that it hasn’t formed any special Board committee to explore such scenarios.
Beyond Meat Also At Risk?Beyond Meat Inc. (NASDAQ:BYND) is estimated to have a 35% chance of filing for bankruptcy before the year ends.
The plant-based meat company reported a sharp drop in revenue in the first quarter, as it faced falling U.S. demand and supply chain problems.
The stock price has fallen below $1, triggering a deficiency warning from the Nasdaq regarding the minimum bid price rule.
Price Action: Lucid shares traded down 3.92 in pre-market trading after closing 16.15% lower at $4.62 during Tuesday’s regular trading session. Year-to-date, the stock has collapsed 56%.
Benzinga’s Edge Stock Rankings show LCID stock maintaining weaker price trends over the short, medium, and long term, with a poor value score
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
Key Highlights Syntiant Corporation submitted documentation for a public offering on the Nasdaq exchange with ticker symbol “SYTN” The firm specializes in energy-efficient artificial intelligence processors for on-device machine learning applications Major investors include Intel Capital, Microsoft Global Finance, and Knowles Corporation First quarter 2026 financials show $64.5M in revenue against a $20.9M net loss The offering contributes to an expanding wave of artificial intelligence companies entering public markets Syntiant, a developer of artificial intelligence chips and software solutions, has submitted its initial public offering documents to list on the Nasdaq stock exchange, capitalizing on sustained investor enthusiasm for AI technologies.
Syntiant, an Intel and Microsoft-backed edge-AI chip/software maker, filed for IPO.
The company makes ultra-low-power AI chips and software for on-device AI in earbuds, wearables, and industrial systems.
Q1 results:
Revenue: $64.5M vs $66.6M YoY
Net loss: $26.2M vs $16.8M YoY… pic.twitter.com/9VlB4iBCK0
— Wall St Engine (@wallstengine) July 6, 2026
Headquartered in Irvine, California, the enterprise intends to begin trading with the ticker “SYTN” on the Nasdaq Global Market. Financial terms regarding the offering size remain undisclosed at this time.
Established in 2017 by a quartet of tech entrepreneurs, Syntiant engineers energy-efficient AI processing units specifically architected to execute machine-learning algorithms directly within devices, eliminating dependence on cloud infrastructure.
The organization characterizes its technological approach as “physical AI” — terminology referring to localized sensing and neural computation that empowers devices to detect and react to environmental stimuli without external connectivity.
Applications for its processor technology span wireless earbuds, wearable technology, industrial machinery, and automotive systems.
Investment Partners and Funding Sources Syntiant counts Intel Capital, the corporate venture division of Intel, among its principal financial supporters. Additional stakeholders include Microsoft Global Finance and Knowles Corporation, as detailed in the company’s securities filing.
In a strategic acquisition completed in December 2024, Syntiant purchased Knowles Corporation’s consumer MEMS microphone division. This business unit manufactures microphones utilized in mobile phones, wireless earbuds, and various consumer electronics.
The enterprise delivers what it characterizes as an integrated, ultra-low-power ecosystem. This architecture merges neural decision processing units, sensor products, and artificial intelligence models enabling clients to implement functionality locally while strategically leveraging cloud resources.
Financial Performance During the opening quarter of 2026, Syntiant recorded a net loss totaling $20.9 million against revenues of $64.5 million.
This performance contrasts with the corresponding period one year prior, when the company posted a $14.1 million net loss on $66.6 million in revenue. The data reflects a modest revenue decline accompanied by expanding losses on an annual comparison basis.
The underwriting syndicate for the public offering includes Citigroup, BofA Securities, UBS Investment Bank, and Needham & Company as lead managers. Additional participating firms comprise Stifel, Cantor, KeyBanc Capital Markets, Craig-Hallum, Rosenblatt, Roth Capital Partners, and Wolfe | Nomura Alliance.
Market Environment for Public Offerings Syntiant’s public market debut forms part of an accelerating trend of artificial intelligence companies accessing public equity markets throughout the current year.
J.P. Morgan analysts project that equity issuance exceeding $260 billion will materialize in 2026, as corporations seek to capitalize on strengthening investor sentiment.
The filing arrives amid continued public market investor interest in semiconductor and artificial intelligence enterprises.
Syntiant has yet to announce a preliminary price range or trading commencement date for its shares.
PANews June 26 news – Aster has officially launched AOS-1, the first module of Aster Open Standards (AOS), enabling permissionless spot token listings and allowing new tokens to access the Aster Spot market more conveniently. To enhance trading depth and liquidity, Aster simultaneously reduced the maker fee for AOS-1 trading pairs to -0.25 bps, meaning market makers receive a fee rebate upon maker order execution, forming a negative-fee incentive mechanism.
Aster CEO Leonard stated that AOS is designed to deeply integrate self-custody and permissionless deployment at the protocol level, while AOS-1 establishes a standardized framework for open spot listings and attracts more liquidity providers to participate in on-chain market making through the rebate mechanism.
In brief Google DeepMind and Fenris Creations (formerly CCP Games) are teaming up to study AI behavior in complex, player-driven game environments. The initial research will run on offline, controlled Eve Online builds not connected to Tranquility, the game's live server. DeepMind has taken a minority stake in Fenris after it spun out from Pearl Abyss and became an independent studio once more. Google DeepMind said Wednesday that it is teaming up with CCP Games, acquiring a minority stake in the Icelandic studio behind long-running massively multiplayer space game Eve Online, with plans to study how artificial intelligence behaves inside complex, player-driven virtual environments.
The investment, which DeepMind told Bloomberg is valued in the millions of dollars, comes as CCP announced that it has become an independent studio, spinning out from publisher Pearl Abyss and rebranding to Fenris Creations. According to founder and CEO Hilmar Veigar Pétursson, the new structure and partners enable the company to continuously evolve “a living universe and actively [explore] what it can become, with forever in mind.”
“We’re grateful to Pearl Abyss for their partnership and for the consistent support they’ve shown us over the past seven-and-a-half years,” Pétursson said in a statement. “Eve Online exists today because of pioneering thinking, patience, and trust between developers and players.”
Fenris Creations announced the team-up with Google on Wednesday, adding that the two companies plan to share further details at the annual Eve Fanfest in Reykjavik next week.
“I’ve known Hilmar for many years and long admired his work, and I’m thrilled to partner with him and the fantastic team at Fenris Creations to explore new gaming experiences and advance AI research safely inside a player-driven universe as amazingly complex as Eve Online,” Google DeepMind CEO Demis Hassabis said in a statement.
According to Fenris, the research tests will run on offline, controlled versions of the Eve Online world that are not connected to Tranquility, the live server.
Today is a day of many milestones, 7.5 years ago we joined up with Pearl Abyss as CCP Games and today we part ways as friends and with deep respect, as we become @FenrisCreations.
We’ve learned a great deal from Pearl Abyss, an extraordinary game maker, as amply evidenced by… pic.twitter.com/cxcSHHvp1x
— FC Hellmar (@HilmarVeigar) May 6, 2026
“It is a one-of-a-kind simulation for testing general-purpose artificial intelligence in a safe sandbox environment,” Alexandre Moufarek, director of inception at Google DeepMind, said in a statement. “I'm excited to partner with the team at Fenris Creations to push the frontier of artificial intelligence and explore new player experiences."
Eve Online launched in 2003 and runs a fully emergent player universe that includes markets, political alliances, and large-scale wars generated by player behavior. In 2024, the studio revealed Eve Frontier, a separate on-chain space survival MMO originally running on Redstone, an Ethereum layer-2 network, in 2024.
The game has since migrated to layer-1 network Sui for its mainnet launch. It's unclear whether the DeepMind research will extend to Eve Frontier's on-chain environment or remain focused on AI interactions.
Fenris says it closed 2025 with some of its strongest financial results in the game's history, including a record November and one of its best quarters on record.
“New Eden is alive because you keep making it alive. We were able to make this transition in large part because of you,” the company said. “Because you continue to believe in Eve. Because you continue to support us. Because you continue to challenge us. Because, after all these years, you are still building the most impressive virtual world in gaming right alongside us.”
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Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Key Takeaways XPeng releases Q1 2026 financial results Thursday prior to the opening bell Wall Street consensus calls for $1.93 billion in revenue, representing an approximately 11.76% decline year-over-year Earnings per share expected to show a loss of $0.11 for the three-month period Twenty-seven analysts maintain Buy ratings on XPEV with an average price target of $24.44 Implied volatility suggests options market anticipates roughly 8.16% price movement following the announcement XPeng is set to release its first-quarter 2026 earnings Thursday before the market opens, and investor attention is squarely focused on one question: can the Chinese electric vehicle manufacturer maintain the momentum from its strongest profitability performance to date?
XPeng Inc., XPEV
Shares of XPEV are changing hands near $16.55, reflecting a year-to-date decline of approximately 22%. The current price sits significantly closer to the 52-week floor of $14.72 than the ceiling of $28.24.
The Street is modeling first-quarter revenue of 13.95 billion yuan (equivalent to $1.93 billion), marking an 11.76% contraction compared to the same period last year. This figure also represents a substantial 37% sequential decline from the fourth quarter’s 22.25 billion yuan.
On the bottom line, the consensus forecast points to a per-share loss of $0.11. Notably, EPS projections have deteriorated by 41% during the last two months, though estimates have stabilized over the most recent week.
Profitability Metrics Take Center Stage The company’s fourth-quarter gross margin of 21.3% marked an all-time high for XPeng. Maintaining profitability anywhere in proximity to that benchmark during the first quarter would provide substantial evidence that operational improvements are sustainable rather than transitory.
Conversely, a material deterioration from that profitability level could trigger concerns that the prior quarter represented an anomaly rather than a fundamental inflection point.
Delivery performance will also command significant attention. Management issued guidance calling for between 61,000 and 66,000 vehicle deliveries in Q1. While April saw the company deliver 31,011 units — representing its strongest single-month performance since the beginning of 2026 — that data point falls outside the reporting period.
China’s electric vehicle sector has experienced a deceleration to levels comparable with 2024. Reduced government incentives, compressed margins, and softer consumer spending have created headwinds across the entire industry, affecting XPeng along with competitors.
Forward Outlook Carries Significant Weight Management’s forward-looking commentary may prove equally important as the actual quarterly results. The investment community is eager to understand how executives view the trajectory for the remainder of 2026 and whether the softer first quarter represents a brief pause or a more sustained challenge.
Product pipeline developments could serve as catalysts in the latter portion of the year. The company has multiple launches scheduled, including the G9L, Mona L05, and Mona L03 SUV models, all slated for introduction during the second half of 2026.
Deutsche Bank projects the G9L could achieve monthly sales volumes approaching 4,000 units following its anticipated third-quarter debut.
In a strategic expansion of its technology capabilities, XPeng recently introduced its inaugural mass-production Robotaxi service in Guangzhou during mid-May, underscoring the company’s commitment to autonomous vehicle technology.
Despite near-term headwinds, analyst sentiment remains predominantly constructive. Twenty-seven analysts maintain Buy recommendations on the shares, with a mean price objective of $24.44 — suggesting potential upside of roughly 48% from present levels.
BNP Paribas Exane stands as the notable exception, having cut its rating to Sell from Hold in late April.
The options market is currently pricing in an approximate 8.16% price movement in either direction following Thursday’s earnings release.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
PANews reported on June 6 that, according to Onchain Lens monitoring, Ethereum co-founder Joseph Lubin has replenished the Maker vault with another 30,000 ETH, worth approximately $47.12 million at current prices, to reduce the risk of liquidation.
Currently, Lubin has pledged a total of 110,000 ETH, worth approximately $171 million, in three different Maker vaults, and has used these ETH as collateral to borrow 259.05 million DAI. His continued replenishment of collateral has attracted market attention as ETH market volatility intensifies.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
PANews reported on June 7th that, according to on-chain analyst Ai Yi, three addresses suspected to belong to Ethereum co-founder Joseph Lubin have collectively staked approximately 412,430 ETH on Maker, worth about $653 million, and borrowed approximately 259 million DAI. The health index of these addresses briefly fell below 1.2 yesterday, but after adding approximately 110,000 ETH as collateral during the ETH price drop, the health index has recovered to above 1.48.
A wallet linked to Ethereum co-founder Joseph Lubin deposited 110,000 ETH, worth roughly $170 million, into Sky vaults on June 6. The funds had been sitting untouched for over three years.
Onchain analysts were quick to flag the transaction, but the consensus is clear: this isn’t a sell signal. It’s defensive collateral management, designed to keep a massive leveraged position from getting anywhere near liquidation territory.
The numbers behind the move The deposited ETH landed across three Sky vaults, the rebranded lending platform formerly known as MakerDAO. Together, those vaults now hold 412,430 WETH as collateral, backing approximately $259.05 million in outstanding DAI debt.
The liquidation thresholds for those three vaults sit at $899, $1,020, and $1,056 per ETH. With ETH trading around $1,560 at the time of the deposits, the nearest liquidation trigger was roughly 33% below the current price.
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The transfer didn’t happen all at once, either. Onchain data shows the wallet first moved approximately 80,000 ETH, followed by an additional 30,000 ETH. That staggered approach suggests deliberate, methodical collateral reinforcement rather than a panic move.
Neither Lubin nor Consensys, the blockchain infrastructure company he founded, has commented on the transactions.
Why this matters in the current ETH environment ETH dropped about 1.5% in the 24 hours surrounding the transfer and has fallen nearly 46% year-to-date.
Sky vaults, like their predecessor MakerDAO vaults, work on a straightforward principle. You deposit crypto as collateral, borrow DAI (a stablecoin pegged to the dollar) against it, and maintain a minimum collateral ratio. If the value of your deposited crypto falls below that ratio, the protocol automatically liquidates your position to cover the debt.
What this means for investors Moving ETH into a collateral vault is the opposite of selling. It’s a signal that the holder intends to keep their position open and is willing to commit additional capital to protect it.
That said, the existence of $259 million in DAI debt backed by ETH collateral is itself a data point worth watching. If ETH were to experience another sharp leg down, approaching the $1,056 level where the nearest liquidation threshold sits, the forced selling of 412,430 WETH could create significant downward pressure. That’s roughly $643 million worth of ETH at current prices that would hit the market in a cascading liquidation scenario.
Traders watching onchain flows should keep these Sky vaults on their radar. The liquidation levels at $899, $1,020, and $1,056 now serve as potential flash points.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews reported on June 11 that Binance will launch five bStocks trading pairs from 01:00 to 02:00 Beijing time on June 12, 2026, including Circle (CRCLB), Micron (MUB), NVIDIA (NVDAB), Sandisk (SNDKB), and Tesla (TSLAB), and will simultaneously launch its spot algorithmic trading bot service. Maker (order placement) fees for the aforementioned bStocks trading pairs will be waived until 07:59 Beijing time on September 1, 2026. Meanwhile, users can now tokenize their directly held eligible US stock assets into corresponding bStocks for on-chain trading.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Analyst: Micron’s financial report indicates short-term fluctuations can be ignored as long as earnings prospects underpin its high valuation.
Senior Market Analyst Daniela Hathorn stated, "As Micron Technology's earnings report once again confirms that the AI investment cycle remains solid, the U.S. stock market has recouped some of its losses. This has boosted market sentiment across the entire semiconductor sector—after high-growth individual stocks underperformed earlier—indicating that as long as profit prospects continue to support high valuations, investors are still willing to overlook short-term fluctuations."
8 minutes ago
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
Key Highlights Lucid is eliminating approximately 18% of its U.S.-based workforce, affecting salaried staff, contract workers, and hourly manufacturing employees Annual cost savings from the restructuring are projected at roughly $158 million Chief Operating Officer Marc Winterhoff departed immediately, with the COO position permanently removed from the organizational structure Shares of LCID declined 3.6% following the announcement and have plummeted 50% since the start of 2026 The company has withdrawn its 2026 production forecast and is shutting down the second shift at its Arizona manufacturing plant Lucid Group revealed on Monday that it will eliminate approximately 18% of its United States workforce in what marks the company’s second major headcount reduction of 2026, as the electric vehicle manufacturer intensifies efforts to slash expenses and match production capacity with market demand.
Lucid Group, Inc., LCID
Shares of LCID fell 3.6% in response to the announcement. The stock has now lost half its value in 2026.
The workforce reduction affects multiple categories of workers including permanent employees, independent contractors, and hourly manufacturing personnel. As of the final day of 2025, Lucid employed roughly 9,000 people worldwide.
The restructuring is anticipated to generate annual savings of approximately $158 million. However, the company will absorb about $32 million in one-time cash expenses related to severance packages and employee benefit obligations.
This latest downsizing comes on the heels of a February workforce reduction that eliminated 12% of U.S. positions, a move designed to generate $500 million in savings across a three-year period.
“These are difficult decisions taken to align production with demand, reduce inventory, and adapt to declining market conditions,” a company spokesperson said.
Executive Departure and Manufacturing Shift Elimination Marc Winterhoff, who held the Chief Operating Officer position, left the organization with immediate effect on Monday. Prior to Silvio Napoli assuming the CEO role on June 1, Winterhoff had functioned as interim chief executive. Lucid confirmed the COO role has been eliminated entirely from its leadership structure.
Additionally, the company is terminating the second production shift at its AMP-1 manufacturing complex located in Casa Grande, Arizona.
Production Forecast Withdrawn The electric vehicle manufacturer had initially projected output of 25,000 to 27,000 vehicles for 2026, but retracted this guidance earlier in the year. Newly appointed CEO Napoli is presently conducting a comprehensive assessment of the company’s operational strategy.
According to the company, reducing excessive vehicle inventory is necessary, a strategic decision that typically indicates production slowdowns or temporary halts.
During the first quarter of 2025, vehicle deliveries remained unchanged compared to the previous year, while revenue climbed 20% during the identical timeframe.
Lucid reported a $2.7 billion deficit against $1.35 billion in revenue for the complete 2025 fiscal year. The company burned through $3.8 billion in negative free cash flow, representing an increase of approximately 31% year-over-year.
At its inaugural investor presentation in nearly half a decade held this past March, the company projected achieving positive cash flow by 2030.
The elimination of the $7,500 federal electric vehicle tax incentive under the Trump administration has created additional headwinds for EV demand throughout the sector.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance will open trading for the new trading JPY pairs according to the following schedule: At 2026-06-26 08:00 (UTC): GIGGLE/JPY, MEME/JPY, TRB/JPY Furthermore, users will enjoy zero maker fees for the aforementioned new JPY spot trading pairs according to the following schedule: GIGGLE/JPY, MEME/JPY, TRB/JPYPromotion Period: 2026-06-26 08:00 (UTC) to 2026-07-26 07:59 (UTC) Notes: JPY is a fiat currency and does not represent any other digital currencies. Please note that JPY can be deposited or withdrawn by Binance Japan users only. Binance.com users may not deposit or withdraw JPY from their Binance accounts.Standard trading fees apply after the Promotion Period ends. Please refer to the trading fee structure for more details. Trade with JPY on Binance Spot! Terms & Conditions: Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.All trading volume and metrics related to the Promotion are measured by Binance at its sole and absolute discretion.Calculation of maker fee and/or taker fee rebates for all spot trading pairs under the Promotion will resume when the Promotion Period ends, subject to further updates.Binance reserves the right to cancel or amend the Promotion or Promotion rules at its sole discretion.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-06-23
Crypto assets dedicated to decentralized finance (DeFi) have collectively hit $1 billion in market capitalization.
DeFi is designed to give people an alternative to traditional banking services such as borrowing and lending by using platforms that are decentralized, lack control by middlemen and utilize smart contracts to automate transactions.
At time of writing, the total market cap for all listed tokens on DeFiMarketCap, an analytics website that shows the market cap of 230 tokens underpinning DeFi, is $1,068,714,105.
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Ethereum-based protocol Maker dominates the pack with a market cap of $295,878,527.
It’s followed by 0x with a market cap of $171,252,000, and Synthetix Network Token with a market cap of $120,956,075.
TD Ameritrade recently joined the Chicago DeFi Alliance (CDA), a new group aiming to support companies that are working to build decentralized finance products.
But the space also has its share of critics. Litecoin creator Charlie Lee says he believes DeFi platforms are ultimately centralized, citing an attack on the Ethereum-based bZx protocol. To reverse the damage from the attack, the bZx team decided to use an admin key to pause the network.
“This is why I don’t believe in DeFi. It’s the worst of both worlds. Most DeFi can be shut down by a centralized party, so it’s just decentralization theatre. And yet no one can undo a hack or exploit unless we add more centralization. So how is this better than what we have now?”
Altcoins are back in style. As the price for one bitcoin has increased to trade around the $8,450 level, several top altcoins are posting double-digit gains against a generally-green backdrop, while Ethereum is on a roll – gaining almost 6% over the last 24 hours.
BNB, Maker, Holo and Chainlink are benefiting the most, posting gains of 8%, 9%, 11% and 14% respectively. But privacy and not-so-much privacy coins are seeing moderate losses, with Monero, Dash and Zcash performing at -0.6%, -1.8% and -1.1%.
While today’s woes may derive from coincidental market fluctuations, pressure from the FATF Travel Rule may cause investors to hold off from privacy coins for now.
What’s behind these impressive gains? BNB
… the sudden surge appears to be caused by a rumor that was later confirmed by CZ: Binance will start offering a fiat-to-crypto on-ramp in China through an integration with Alipay and WeChat. The news was falsely reported by numerous media outlets this morning as being a direct partnership.
Together these are the largest digital wallet providers in China, with adoption comparable to that of credit cards in the U.S. The news will have a profound effect on markets, in light of the ban of all native Chinese cryptocurrency exchanges in 2017, which left mainland traders scrambling to find ways of buying crypto.
Maker
…rise can be attributed to the announcement of a release date for Multi Collateral DAI. Due to Maker’s governance structure, the community will still need to vote for the proposal on November 15, with the CEO of Maker Foundation Rune Christensen urging all participants to do so. The first tokens to be evaluated for additional collateral will be ETH and BAT, with a full risk assessment provided to the Maker community for consideration.
Chainlink
…shows no signs of slowing down. After a variety of announcements that fueled its growth recently, the project delivered the final stroke: the Trusted Computation Framework, a collaboration with Intel, Hyperledger and Ethereum Enterprise Alliance.
The framework is designed to solve scalability issues affecting blockchains by moving computational and private data processing off-chain. Chainlink’s oracles will be providing the bridge between the two worlds, allowing the offloading of very resource-intensive operations without compromising on security. While the news was released two days ago, the daily sentiment for LINK remains ‘very high’ at 83%, according to data from thetie.io
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Holochain
… the rise may be due to a preview of HoloPort, although it is largely an interface update. Sentiment is also neutral.
VanEck publishes investment case for Bitcoin VanEck, one of the two companies that submitted an ETF proposal due for deliberation this month, before subsequently withdrawing it from consideration, has published a comprehensive investment case for Bitcoin.
The report is prefaced with a definition of Bitcoin’s value. The company distinguishes between two different types of value for traded assets, categorizing stocks, real estate and commodities as ‘Intrinsic Value’ assets.
On the other hand gold, art, precious stones and bitcoin are categorized as having ‘Monetary Value,’ which arises from “Behavioral economics, heard behavior, etc.”
Based on these descriptions and other aspects of monetary theory, the report goes on to make a case that Bitcoin is a store of value and can be considered as digital gold.
Curiously, the report highlights some of the same concerns that the SEC has about Bitcoin ETFs; namely the lack of custodians, prime brokers, settlement entities and others, which are preventing significant institutional exposure.
Nevertheless, VanEck argues that increasing adoption figures, the upcoming halving, and increasing development momentum all make for a convincing reason to allocate a part of investor portfolios to Bitcoin.
Nathan Batchelor On Bitcoin Bitcoin has consolidated in a narrow range over the last twenty-four hours, with bulls maintaining the BTC/USD pair above the $8,000 support level. It is worth reiterating that the SEC is deciding on the Bitwise Bitcoin ETF this week, so trading volumes could remain light up until the decision.
TradingView.com In the near-term, the Choppiness Indicator and the Balance of Power Indicator show that short-term BTC/USD buyers are still in control of the cryptocurrency.
The four-hour time frame shows that Choppiness Index is still pointing to further upside. Interestingly, the Choppiness Index has also reached its most overbought reading since October 2018 on the daily time frame.
A higher reading indicates that the medium-term bearish trend is very weak, and suggests that the next directional move in the BTC/USD pair could be explosive.
In my opinion, I believe that the current bearish trend is weakening, and the chances of a rebound back towards the $9,000 level are very strong if the $8,500 level is broken.
The Balance of Power Indicator is also showing that BTC/USD buyers are gaining back control over the short-term. The Balance of Power Indicator is a simple indicator to use, as it shows the strength of buyers against sellers.
A reading higher than zero shows that buyers are in control, while a reading below zero shows that sellers are in control. The four-hour and daily time frames are currently providing positive Balance of Power readings.
* ‘The bullish short-term case is strengthening while the BTC/USD pair holds steady above the $8,100 support level’. *
SENTIMENT
Intraday bullish sentiment for Bitcoin has remained steady, at 65.50%, according to the latest data from TheTIE.io. Long-term sentiment for the cryptocurrency has stabilized, at 61.50%.
UPSIDE POTENTIAL
The early week advance has helped to form a potential double-bottom formation across the lower time frames. According to the upside projection of the double-bottom pattern, the BTC/USD pair could rise towards the $9,200 level if the $8,500 level is breached.
Bitcoin’s 200-day moving average is rising, which should be taken as a positive sign as it indicates growing upside momentum. The BTC/USD pair’s 200-day moving average is currently located around the $8,580 level.
DOWNSIDE POTENTIAL
The BTC/USD pair’s weekly pivot point is the strongest form of near-term technical support, around the $8,100 level. If sellers breach the $8,100 level we should expect a drop towards at least the $8,000 level.
Bitcoin will have to recover fast if price dips under the $8,000 level or the cryptocurrency will likely face a raft of short-term technical selling back towards the September monthly trading low.
Disclosure: This article was edited by Andrey Shevchenko. For more information on how we create and review content, see our Editorial Policy.
As promised, the leading US crypto exchange Coinbase has dramatically increased the number of coins supported on its platform. The company just added Stellar (XLM), a few weeks after the long-rumored debut of XRP.
So which coins will land the coveted Coinbase listing next?
Back in December, Coinbase revealed it’s taking a hard look at 31 additional cryptocurrencies. The platform now supports Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, Ethereum Classic, Zcash, 0x, Basic Attention Token and USD Coin.
That leaves 28 coins on Coinbase’s list of prospects.
Coinbase Pro, the company’s professional trading platform, already supports a handful of the coins on the list above: Civic, Dai, District0x, Golem, Loom, Decentraland and Zcash.
Another week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with the ever-important $7,400 resistance. Altcoins, interestingly, came into their own this week, with Ethereum, Link, Tezos, EOS, among other top altcoins posting double-digit percentage gains in the past seven days.
Bitcoin’s stagnation over the past week comes as the stock market has mounted a strong comeback, with the S&P 500 rallying 12% from last Friday’s close to Thursday’s close despite 6.6 million new unemployment claims in the U.S. and the ongoing coronavirus outbreak.
Despite the non-action, analysts are still bullish on BTC and the rest of the cryptocurrency market. In fact, as reported by NewsBTC previously, BitMEX CEO Arthur Hayes said that while he could see Bitcoin revisiting $3,000, his year-end price target “remains $20,000,” which is 180% above the current price.
As to why he thinks this is the case, he cited that the monetary and fiscal solutions that governments and central banks are enlisting to stave off precision:
“Everyone knows the shift is upon us, that is why central bankers and politicians will throw all of their tools at this problem. And I will reiterate, that is inflationary because more fiat money will chase a flat to declining supply of real goods and labour. There are only two things to own during the transition to whatever the new system is and that is gold and bitcoin.”
Related Reading: Crypto Tidbits: Bitcoin At $7,000, FATF Regulation, Coinbase Backs Ethereum DeFi Bitcoin & Crypto Tidbits Crypto Industry Sees Layoffs: The Bitcoin community and broader crypto space have not been spared in the recent economic carnage. According to a “100% user-generated” list of companies on recruiting/job site Candor, Bitcoin.com, crypto mining firm Bitfarms, and mining hardware manufacturer Bitfury are among the firms in this industry that have begun to lay off staff over the past few weeks. Outside of this, one of the original crypto companies, Factom, has purportedly gone into liquidation, despite securing millions of dollars worth of funding over the past five years and garnering a grant from the U.S. Energy Department. Ethereum DeFi Has Seen Stellar Growth: In a report published April 9th, blockchain analytics site DappReview revealed that transaction volume across Ethereum-based DeFi projects has increased by nearly 800% when comparing Q1 2020’s metrics to that of Q1 2019. Much of this growth was attributed to projects like Maker and Compound — which offer decentralized loans and stablecoin solutions — and derivatives providers like Synthetix and Augur. This growth comes as crypto upstart Thesis and other partners are soon to release tBTC — a project that will act as a decentralized representation of Bitcoin on the Ethereum blockchain. Analysts expect for the launch of this project to boost DeFi adoption, with both ETH and BTC holders Bitcoin Cash & Bitcoin SV See Block Reward Halvings: Both Bitcoin Cash and Bitcoin SV have seen their block reward halvings pass in the past 72 hours. As a result, both networks saw their hash rates and difficulty drop. The halving resulted in an instant 50% reduction in mining revenues for those operating on the BCH and BSV chain, forcing operators running on tight margins to turn off their machines or mine on other networks. Fewer machines mean fewer computers processing blocks, resulting in slower transactions. South Korea Launches Digital Currency Project: On Monday, South Korea’s central bank, the Bank of Korea, revealed that it has launched a pilot program for testing a digital won, which is slated to run to December 2021. A release outlining this move said the program will determine if there are a legal case and ample technical capability to launch a digital currency in South Korea. This comes just six weeks after the South Korean National Assembly passed legislation that will provide a comprehensive framework for the regulation and legalization of cryptocurrencies and Bitcoin exchanges. Twitter CEO & Bitcoin Bull Jack Dorsey Pledges $1 Billion to COVID-19 Relief: Jack Dorsey announced in a Twitter thread this week that Yesterday, Dorsey announced in a Twitter thread — it’s quite fitting, I must say — that he will be “moving $1 billion of my Square equity,” which purportedly corresponds with around 28% of his total wealth, to a LLC called “Start Small” to “fund global COVID-19 relief.” Start Small existed prior to this outbreak, but this is the first time it has seen mainstream attention. The Bitcoin bull intends to allocate the rest of the donation to the promotion of Universal Basic Income and girl’s health and education, calling both issues critical. Fidelity Sees Growth In Crypto Demand: Fidelity Digital Assets — the crypto services division of Wall Street giant Fidelity Investments, a firm with trillions under management — has confirmed it has seen an uptick in interest. Speaking to Frank Chaparro of The Block, a spokeswoman for the firm said that:
“From a trading perspective, we continue to onboard new clients every month and are seeing significant pipeline growth. […] And in recent weeks, we’ve seen more momentum across our business.”
At this time in the cryptocurrency market, it’s all about making good on lost ground, and altcoins are certainly following that motto. Leading the way is the second-largest altcoin on the market, XRP, followed along by DigiByte and Maker.
XRP
Source: XRPUSD via Trading View
In the past week, XRP has mounted six green candles, a testament to its rising price which now stands at $0.18, a move up of 33 percent, since the coin fell to $0.135 post the plummet of Black Thursday, March 12.
The recovery has been locked in a rising wedge, as the price continues to mark higher highs and higher lows. In this wedge, the coin has broken two long-standing support levels at $0.168 and $0.176, respectively; but its first real test lies at $0.182, prior to which it has formed its first red candle at press time.
Bollinger Bands for the altcoin have, after converging on April 2, opened up, a sign of increasing volatility. Further, the average is moving up but is still below the coin’s price.
DigiByte
Source: DGBUSD via Trading View
DigiByte the 61st ranked cryptocurrency on the coin market is following in XRP’s lead, forming a rising wedge of steeper proportions. Since bouncing off the support at $0.00309, the price for the altcoin has increased by a whopping 70 percent and is now trading at $0.0055.
In trading within this rising wedge, the altcoin has consistently formed green candles since 22 March, allowing it to break the support turned resistance level at $0.00520. Given the pace of the recovery, even the long-term support at $0.0083 is achievable for DGB.
MACD indicator for the altcoin looks bullish as the MACD line has moved ahead and over the Signal line and is now above 0.
Maker
Source: MKRUSD via Trading View
Maker, the ERC-20 token, backed by Ethereum has a muted wedge, almost like an upward channel, hence preventing rapid price increase. However, the chances of a correction downwards for Maker is less so than the other altcoins.
Since bottoming out at $200, MKR has managed to increase by over 56 percent and is now steadily heading for the resistance level which lies at $412.
RSI for the altcoin has been consistently rising, like its price, since March 13, and is now at 46.78 from a low of 20, three weeks ago.
