The Celestia Stage became into more than simply a performance venue over the course of three days. The similar ideals that brought KuCoin and Tomorrowland together—curiosity, trust, and real human connection—were reflected in the fact that it became a location where music, culture, and community came together. The first weekend of Tomorrowland Belgium 2026 has come to a conclusion, marking the successful launch of the Celestia Stage by KuCoin and the beginning of a new chapter in KuCoin’s multi-year cooperation with one of the most renowned music festivals in the world. These events took place in Belgium.
The Celestia Stage became into more than simply a performance venue over the course of three days, during which it welcomed lovers of electronic music from all over the globe that will be remembered forever. The similar ideals that brought KuCoin and Tomorrowland together—curiosity, trust, and real human connection—were reflected in the fact that it became a location where music, culture, and community came together.
Over the course of the first weekend of the festival, a multitude of internationally renowned artists, such as Yves V, Dimitri Vangelis & Wyman, Diego Miranda, DJ Nano, Nico Morano, Xinobi, Öona Dahl, and Helsloot, amongst others, presented an energizing lineup that encompassed progressive house, melodic techno, and underground electronic music. This lineup created unforgettable moments for festivalgoers from all over the world.
KuCoin invited guests to experience Tomorrowland in new ways through a series of immersive community activations, which were held in addition to the performances offered by the company. People who attended the festival had the opportunity to interact with the KuCoin Guardians who were wandering about, join the exclusive waitlist for the Tomorrowland Visa KuCard (which was powered by KuCoin EU), and take part in premium experiences that were meant to promote exploration, connection, and discovery. These moments represented a common idea that the most significant experiences are not only those that we are able to see, but also those that we tend to retain with us for a considerable amount of time after the music has stopped playing.
KuCoin continues to extend the role of digital assets outside the realm of financial technology by linking Web3 with worldwide culture, entertainment, and daily experiences. KuCoin is the exclusive cryptocurrency exchange and payments partner for Tomorrowland Winter and Tomorrowland Belgium 2026–2028. KuCoin’s long-term ambition is to make cryptocurrency more accessible via real-world participation and shared experiences. The premiere of the Celestia Stage is another milestone in this vision.
KuCoin is looking forward to Tomorrowland Belgium Weekend 2, which will feature an even more interactive experience, community activations, and exclusive surprises for festivalgoers from all over the world. This comes after an incredible opening weekend, during which the Celestia Stage will once again present a fresh lineup of world-class artists.
This weekend marks the beginning of the next chapter in the adventure, which now continues.
KuCoin is a prominent worldwide cryptocurrency platform that was established in 2017, and it is founded on trust and security. It now serves over 40 million users in more than 200 countries and regions internationally. This platform is well-known for its dependability and user-first attitude, and it combines cutting-edge technology, extensive liquidity, and robust security precautions in order to provide a trading experience that is completely frictionless. For the future of finance, KuCoin is committed to building a digital asset infrastructure that is transparent, compliant, and user-centric. This commitment is supported by certifications such as SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019. KuCoin offers access to more than 1,500 digital assets through a comprehensive product suite. In recent years, we have constructed a solid basis for worldwide compliance, which has been highlighted by significant milestones such as the registration of AUSTRAC in Australia, the acquisition of a MiCA license in Europe, and the advancement of regulatory progress in other regions.
Discover more by visiting www.kucoin.com.
KuCoin is a major global cryptocurrency platform that was established in 2017, and it is trusted by more than 40 million users across more than 200 nations and regions. In addition to providing access to more than one thousand listed tokens, spot and futures trading, institutional wealth management, and a Web3 wallet, the platform provides digital asset services that are on the cutting edge of innovation and compliance. In the European Economic Area (EEA), KuCoin does not provide any services available to its customers. In the European Economic Area (EEA), KuCoin EU is managed by KuCoin EU Exchange GmbH, which has its headquarters in Vienna. KuCoin EU operates in accordance with the regulatory framework that is applicable in the EU, including MiCAR requirements concerning investor protection, market integrity, and transparency. KuCoin EU is neither the operator of a platform for trading crypto-assets, nor does it provide investing advice to its customers.
The Belgian brothers Manu and Michiel Beers established Tomorrowland twenty years ago, and the company continues to be a family-owned enterprise that is driven by a team of creative and enthusiastic individuals. The Tomorrowland brand has developed into a global entertainment brand over the course of its history.
A number of different business units make up the WEAREONE.world group. These business units include Festival & Events, Music, Experiences, Leisure, Products, and Fiction. There are now around 350 members of the team that are responsible for creating magic from the headquarters of the firm, which is located in Antwerp, Belgium, as well as local offices in Brazil, France, Ibiza, and Thailand.
In addition to being one of the most well-known and influential festival brands in the world, Tomorrowland is renowned for its ability to bring people together through the mediums of music, art, and narrative. It has inspired millions of people by providing them with remarkable experiences and a shared vision of connection.
As the final beats faded on Tomorrowland’s first weekend, the most unlikely headliner wasn’t a DJ—it was a crypto exchange. KuCoin closed its debut at the Belgian mega-festival with a branded Celestia Stage, aiming to fuse trust, music, and community into a single marketing push.
According to the press release, the sponsorship marked a weekend of live sets, interactive experiences, and an on-the-ground effort to link the KuCoin brand with the festival’s famously loyal audience. The activation leaned heavily on the idea that crypto can be a cultural force, not just a trading interface.
Music, Branding, and a Stage Called Celestia Large-scale festival sponsorships have become a staple for exchanges trying to shed their niche reputation. FTX famously embedded itself at Miami events before its collapse, while Crypto.com owns the naming rights to a major Los Angeles arena. KuCoin is following a similar playbook, but with a twist: it’s putting the concept of trust at the center of a party.
Tomorrowland’s audience skews young, digitally native, and globally connected—exactly the demographic crypto platforms want. The Celestia Stage wasn’t just a venue; it was a container for a message that KuCoin is more than a place to trade tokens. Whether festivalgoers internalized that message is another matter. A weekend of music doesn’t erase years of user skepticism that built up as the exchange navigated a complex global regulatory map.
Regulatory Baggage Brings Its Own Beat KuCoin has never been as legally exposed as some of its peers, but it hasn’t escaped scrutiny either. New York’s attorney general sued the exchange in 2023 for allegedly operating without the proper licenses, and KuCoin has since restricted access for US-based users. While the platform’s global volume remains substantial, the regulatory shadow makes high-profile branding exercises look like attempts to project stability more than anything else.
The sponsorship arrives as the broader industry remains under a microscope, with US senators just days away from a pivotal vote on a crypto market structure bill that banks are actively trying to kill. That fight, unfolding far from festival grounds, is a reminder that the regulatory climate can change faster than a DJ can drop a beat. For KuCoin, any misstep could turn a feel-good festival moment into expensive legal turbulence.
What a Festival Can’t Fix There’s a difference between building a brand and building trust. Sponsoring a stage may lift name recognition, but it doesn’t automatically make users feel safer about storing funds on an exchange with a history of regulatory friction. The real test will be whether KuCoin can translate high-decibel marketing into sustained user growth without stumbling into another compliance trap.
For now, Tomorrowland gave the exchange a glossy highlight reel. But the beats that mattered most may have been the ones nobody danced to—the quiet hum of legal risk that never really leaves the room.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Bitcoin (BTC) edges below $64,000 on Friday, extending losses for the third consecutive day after the 50-day Exponential Moving Average (EMA) capped recovery around $65,000. Hyperliquid (HYPE) and Celestia (TIA) stand out as the worst performers over the last 24 hours, with nearly 10% losses.
Bitcoin extends decline below its 50-day EMABitcoin edges below $64,000 on Friday, maintaining a bearish near-term tone as it remains below the 50-day EMA at $65,041 and the 200-day EMA at $75,025. Momentum is mixed, with the Moving Average Convergence Divergence (MACD) indicator still in positive territory and the Relative Strength Index (RSI) dipping to the neutral 50 level, suggesting consolidation rather than a decisive recovery.
Bitcoin must clear the 50-day EMA at $65,041 for a steady recovery, which could target the $70,000 psychological threshold.
BTC/USDT daily price chart.On the downside, the key structural floor is the horizontal support at $60,000, where a sustained break would likely reopen a broader corrective phase in the daily picture.
Hyperliquid and Celestia take a bearish reversalHyperliquid hovers around $60 at press time on Friday, maintaining a bearish near-term bias after breaking below its 50-day EMA at $63.09, with a 9% drop the previous day. Still, the longer-term 200-day EMA at $49.85 underpins the broader structure.
The MACD descends into negative territory with a bearish profile, and the RSI near 41 suggests subdued momentum, reinforcing the downside pressure.
The path of least resistance for HYPE targets the previous swing low from June 10 at $52.67, followed by the 200-day EMA at $49.85.
HYPE/USD daily price chart.On the topside, initial resistance is at the 50-day EMA at $63.09, with a stronger barrier at the former upward-sloping trendline break near $70.29.
Celestia maintains a bearish near-term bias, testing its 50-day EMA at $0.3838 on Friday, which is well below the 200-day EMA at $0.5053. This positioning suggests the broader trend remains pressured, after price failed to surpass the 50% retracement level at $0.4104, measured over the downswing from $0.6257 to $0.2693.
The RSI around 47 hints at neutral-to-slightly soft momentum, while the MACD has slipped marginally below zero, reinforcing a loss of upside conviction following recent rebounds.
Looking down, the 23.6% retracement at $0.3285 is the first notable support, ahead of the structural cycle low at $0.2693, where buyers are expected to defend the broader range.
TIA/USDT daily price chart.On the topside, initial resistance is seen at the 50% retracement at $0.4104, before the 200-day EMA at $0.5053, which caps the long-term recovery potential.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Today we are proud to announce that Celestia Labs is acquiring Sovereign Labs.
This acquisition establishes Celestia Labs as a full-stack custom blockchain development partner for companies building onchain, marking a new chapter for Celestia’s go-to-market strategy and ambitions.
Why Sovereign LabsSovereign Labs has been a core pillar of the Celestia ecosystem since its founding in 2021 by Cem Ozer and Preston Evans. Now in 2026, the Sovereign SDK is the industry's leading framework for application-specific, high-performance blockchains. It powers applications like Relay, the #1 bridge by volume powering over $8.5B of transfers, and Bullet, a perpetuals exchange capable of clearing orders in 1.2 milliseconds and processing over 30,000 TPS.
The addition of the Sovereign Labs team and the Sovereign SDK expands our in-house expertise at Celestia Labs to the entire stack of blockchain engineering, from Layer 1 through to the execution and application layers, enabling end-to-end development for peak scale, performance and customisation.
As part of the acquisition, Preston Evans is now CTO of Celestia Labs. His hands-on experience with customers at Sovereign Labs and general mastery of blockchain infrastructure will be crucial in this next phase.
The need for high-performance custom chainsThe blockchain industry is at an inflection point. Key application categories like stablecoins, decentralised exchanges, and prediction markets are hitting product market fit. Meanwhile, regulatory clarity is clearing the way for enterprises to roll out blockchain solutions at scale. However, these successful apps and enterprises need greater scale, performance and control than general purpose infrastructure can provide, leading many to build their own custom blockchains as a result.
Hyperliquid, the leading decentralized exchange, built its own blockchain to optimize for low latency and custom order flow rules. Polymarket, the prediction market which processed $6B in volume in H1 2025, is migrating to a custom chain to resolve congestion issues and build a more performant exchange. Robinhood launched its own chain this month, purpose-built for tokenized stocks.
The trend towards custom chains is only just starting and will accelerate as more blockchain applications go mainstream. Therein lies our opportunity.
Celestia’s next chapterOur thesis from the beginning has been that for blockchain applications to be usable at a global scale, the underlying blockchain infrastructure needs to be scalable, performant and customizable. Until now, we have focused exclusively on building the underlying Layer 1 technology to enable this, like Fibre which is capable of supporting up to 625M TPS. While that is a critical component, it is not the full picture.
Major applications and enterprises don’t just need a scalable Layer 1, they need a full-stack blockchain infrastructure solution with a hands-on design and engineering partner. The acquisition of Sovereign Labs completes the picture, adding the missing technology and expertise to meet the market where it is going.
A more ambitious era of digital markets requires more ambitious infrastructure to match. With Sovereign Labs on board, we are ready to build it.
Celestia Labs announced it has acquired Sovereign Labs, a developer of high-performance blockchain frameworks. Sovereign has been deeply embedded in the Celestia ecosystem since 2021, with its framework powering projects including cross-chain bridge Relay Protocol and high-performance perpetual contract trading platform Bullet. The acquisition will extend Celestia Labs’ technical capabilities from Layer 1 to the execution and application layers, positioning the firm as a full-stack custom blockchain development partner for enterprises. As projects such as Hyperliquid, Polymarket, and Robinhood have opted to build their own blockchains, enterprise demand for full-stack blockchain infrastructure is accelerating.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
4 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
4 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
4 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
4 hours ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
4 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
KuCoin’s partnership goes much beyond standard sponsorship as Tomorrowland’s Official Exclusive Crypto Exchange and Crypto Payments Partner. The new stage is envisioned as a legendary guardian in the shape of a celestial butterfly—a timeless emblem of change, development, and fresh starts—inspired by the Tomorrowland universe’s Celestia tale. The Celestia Stage, a brand-new immersive destination at Tomorrowland Belgium 2026, was formally launched today by KuCoin, a renowned global cryptocurrency platform founded on trust. The launch is more than just a stage announcement; it’s the start of a new phase in the multi-year strategic cooperation between KuCoin and Tomorrowland, uniting two international brands that share the conviction that genuine human connection, curiosity, and trust determine the future.
KuCoin’s partnership goes much beyond standard sponsorship as Tomorrowland’s Official Exclusive Crypto Exchange and Crypto Payments Partner. Instead of just putting a brand within the festival, both partners aimed to create an experience that embodied their shared philosophy of encouraging people to accept change, explore the unknown with confidence, and develop relationships through shared experiences.
A Tale That Starts with Trust Every stage at Tomorrowland starts with a narrative. The new stage is envisioned as a legendary guardian in the shape of a celestial butterfly—a timeless emblem of change, development, and fresh starts—inspired by the Tomorrowland universe’s Celestia tale. Celestia enables the People of Tomorrow to embrace the future together and explore new views by guiding guests via inquiry and trust rather than teaching.
KuCoin’s own vision is quite similar to that idea. KuCoin aims to become a reliable guide into the future of digital finance by making innovation more accessible, human, and intuitive rather than only pitching itself as a platform for digital assets. Thus, the Celestia Stage is much more than just a venue with a trademark. It is a shared narrative that combines music, culture, technology, and creativity to show how trust is the cornerstone of community, creativity, and discovery.
The stage, which is based on the elegant shape of a butterfly in flight, combines crystalline structures, organic landscapes, and flowing digital elements to create a living space where technology and nature coexist together. The KuCoin Guardians, whose presence reflects direction, curiosity, and discovery throughout the Tomorrowland experience, carry the tale beyond the stage throughout the festival.
Two Communities, One Common Goal Through music, creativity, and shared experiences, Tomorrowland has brought millions of people from all over the globe together for over 20 years. KuCoin adheres to the same community-first mentality. Currently serving over 40 million users in more than 200 countries and regions, the platform creates reliable infrastructure that enables people worldwide to comfortably engage in the rapidly changing digital economy.
Tomorrowland and KuCoin share the belief that communities who embrace technology together will shape the future rather than technology alone. The Celestia Stage offers a place where people from all over the globe may explore, interact, and dream what’s possible together by fusing culture, innovation, and trust.
“Tomorrowland has always inspired people to discover something beyond themselves through music, creativity and imagination,” said BC Wong, CEO of KuCoin. “That philosophy closely reflects our own vision. At KuCoin, we believe trust is what empowers people to embrace the future with confidence. Celestia is much more than a stage. It is a shared symbol of transformation, curiosity and connection. Together with Tomorrowland, we hope to create an experience where innovation feels approachable, communities feel connected, and every visitor is inspired to explore what comes next.”
This Summer is When the Journey Starts The Celestia Stage will come to life at Tomorrowland Belgium 2026 thanks to a carefully chosen electronic music program, immersive artistic experiences, and interactive storytelling that draws inspiration from Celestia’s mythology. The KuCoin Guardians will also be present around the event grounds, spreading the spirit of guiding and exploration beyond of the stage.
As Tomorrowland and KuCoin continue to bring the world of Celestia to life, more information will be revealed in the next weeks, including the complete artist roster, immersive stage experiences, and special community activations.
Celestia’s adventure is only getting started. Together, Tomorrowland and KuCoin welcome the People of Tomorrow to explore the next chapter—inspired by trust, unified by shared experiences, and driven by curiosity.
KuCoin, a well-known international cryptocurrency platform with over 40 million users in more than 200 countries and regions, was founded in 2017 and is based on trust and security. The platform, which is renowned for its dependability and user-first philosophy, blends cutting-edge technology, substantial liquidity, and robust security measures to provide a smooth trading experience. Supported by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications, KuCoin is dedicated to developing transparent, compliant, and user-centric digital asset infrastructure for the future of finance and offers access to more than 1,500 digital assets via a wide range of products. With significant achievements like AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory advancements in other areas, we have established a solid platform for worldwide compliance in recent years.
Manu and Michiel Beers, brothers from Belgium, founded Tomorrowland 20 years ago, and it is still a family-run company with a dedicated and innovative staff. Tomorrowland has developed into a well-known worldwide entertainment brand over time.
Festival & Events, Music, Experiences, Leisure, Products, and Fiction are some of the business divisions that make up the WEAREONE.world company. Today, the company’s headquarters in Antwerp, Belgium, together with local offices in Brazil, France, Ibiza, and Thailand, employ over 350 people who work together to create magic.
One of the most well-known and significant festival brands in the world, Tomorrowland is renowned for uniting people via music, art, and narrative. It has inspired millions of people with life-changing events and a common goal of connection.
PROVIDENCIALES, Turks and Caicos Islands, July 14, 2026 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today officially unveiled the Celestia Stage, a brand-new immersive destination at Tomorrowland Belgium 2026. More than a stage announcement, the launch marks a new chapter in the multi-year strategic partnership between KuCoin and Tomorrowland—bringing together two global brands united by a shared belief that the future is shaped through curiosity, trust and meaningful human connection.
As Tomorrowland’s Official Exclusive Crypto Exchange and Crypto Payments Partner, KuCoin’s collaboration extends far beyond traditional sponsorship. Rather than simply placing a brand within the festival, both partners set out to create an experience that reflects their common philosophy: inspiring people to explore the unknown with confidence, embrace transformation and build connections through shared experiences.
A Story That Begins with Trust
At Tomorrowland, every stage begins with a story.
Inspired by the legend of Celestia within the Tomorrowland universe, the new stage is imagined as a mythical guardian in the form of a celestial butterfly—a timeless symbol of transformation, growth and new beginnings. Guiding visitors not by instruction, but through curiosity and trust, Celestia invites the People of Tomorrow to discover new perspectives and embrace the future together.
That philosophy closely reflects KuCoin’s own vision.
Rather than positioning itself simply as a digital asset platform, KuCoin strives to become a trusted guide into the future of digital finance—making innovation more approachable, intuitive and human. The Celestia Stage therefore represents far more than a branded venue. It is a shared story where music, culture, technology and imagination come together to demonstrate that trust is the foundation upon which exploration, innovation and community are built.
Designed around the graceful form of a butterfly in flight, the stage blends organic landscapes, crystalline structures and flowing digital elements into a living environment where nature and technology exist in harmony. Throughout the festival, the story continues beyond the stage through the KuCoin Guardians, whose presence embodies guidance, curiosity and discovery across the Tomorrowland experience.
Two Communities, One Shared Vision
For nearly two decades, Tomorrowland has united millions of people from around the world through music, creativity and shared experiences.
KuCoin shares that same community-first philosophy. Today, the platform serves more than 40 million users across over 200 countries and regions, building trusted infrastructure that empowers people everywhere to participate confidently in the evolving digital economy.
Together, Tomorrowland and KuCoin believe that the future is not defined by technology alone, but by the communities who embrace it together. By bringing together culture, innovation and trust, the Celestia Stage creates a destination where people from every corner of the world can discover, connect and imagine what’s possible together.
“Tomorrowland has always inspired people to discover something beyond themselves through music, creativity and imagination,” said BC Wong, CEO of KuCoin. “That philosophy closely reflects our own vision. At KuCoin, we believe trust is what empowers people to embrace the future with confidence. Celestia is much more than a stage. It is a shared symbol of transformation, curiosity and connection. Together with Tomorrowland, we hope to create an experience where innovation feels approachable, communities feel connected, and every visitor is inspired to explore what comes next.”
The Journey Begins This Summer
Throughout Tomorrowland Belgium 2026, the Celestia Stage will come to life through a carefully curated electronic music program, immersive artistic experiences and interactive storytelling inspired by the legend of Celestia. Festival-goers will also encounter the KuCoin Guardians across the festival grounds, extending the spirit of guidance and discovery beyond the stage itself.
Additional details—including the full artist lineup, immersive stage experiences and exclusive community activations—will be unveiled in the coming weeks as Tomorrowland and KuCoin continue to bring the world of Celestia to life.
The story of Celestia is only beginning. Together, Tomorrowland and KuCoin invite the People of Tomorrow to discover the next chapter—guided by curiosity, united by shared experiences, and inspired by trust.
About KuCoin
Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 40 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.
Learn more at www.kucoin.com.
About Tomorrowland
Founded 20 years ago by Belgian brothers Manu and Michiel Beers, Tomorrowland remains a family-owned business driven by a creative and passionate team. Over the years, Tomorrowland has evolved into a global entertainment brand.
The WEAREONE.world group consists of several business units, including Festival & Events, Music, Experiences, Leisure, Products and Fiction. Today, more than 350 team members create magic from the company’s headquarters in Antwerp, Belgium, as well as local offices in Brazil, France, Ibiza and Thailand.
Known for bringing people together through music, creativity and storytelling, Tomorrowland has become one of the world’s most recognized and influential festival brands, inspiring millions through unforgettable experiences and a shared vision of connection.
Celestia’s v9.0.4 network upgrade sparked fresh market interest as investors returned following the successful rollout on the 1st of July.
The blockchain completed the upgrade at block height 11,771,698, while exchanges briefly paused deposits and withdrawals without disrupting trading activity.
As a result, Celestia [TIA] gained 10.12% over the past 24 hours and traded around $0.4060 during the move.
Trading activity also strengthened considerably, with daily volume climbing 102.19% to $59.5 million. This increase reflected renewed participation instead of fading speculation.
Although excitement surrounded the upgrade, derivatives positioning still painted a more cautious picture, creating an interesting contrast between spot participation and futures activity.
Why are futures sellers still active on TIA? Despite the sharp increase in Spot activity, Futures traders continued favoring aggressive sell orders throughout the recovery.
The 90-day Futures Taker CVD remained firmly seller-dominant, indicating market participants repeatedly executed sell orders instead of lifting offers.
That behavior suggested derivatives traders had not fully embraced the rally even as buyers returned to the spot market.
However, TIA still maintained its gains, implying spot demand absorbed much of the selling pressure instead of allowing futures activity to dictate price direction. That divergence suggested improving market structure, as stronger Spot participation often provides healthier support than leveraged buying alone.
Even so, persistent seller dominance in futures indicated bearish conviction had not disappeared completely.
Source: CryptoQuant Why are bulls still holding on? Even though futures traders continued submitting aggressive sell orders, leveraged bulls retained confidence through the funding market.
The OI-Weighted Funding Rate remained positive and reached approximately 0.0057%, showing long-position holders still paid funding to maintain exposure.
The reading reflected sustained bullish positioning rather than widespread liquidation among leveraged traders.
Unlike the Futures Taker CVD, which measured executed market orders, the OI-Weighted Funding Rate reflected traders’ willingness to maintain directional exposure.
Together, the indicators painted mixed sentiment rather than a single market narrative.
Buyers continued defending long exposure while sellers dominated execution flow, creating a tug-of-war between conviction and immediate order flow.
Source: CoinGlass Neckline test takes center stage Celestia [TIA] approached a decisive technical level after completing a developing cup-and-handle formation beneath the $0.4045 neckline.
Buyers had already pushed price back toward this resistance after recovering from the June lows near $0.30, strengthening the broader recovery structure.
Meanwhile, the handle developed within a falling channel before the price broke above its upper boundary, reinforcing the improving chart structure.
The Relative Strength Index (RSI) climbed to 56.90, while its moving average remained near 51.16, indicating strengthening buying momentum without reaching overbought conditions.
Price also held comfortably above the $0.3551 support, preserving the bullish structure established during the rebound.
Even so, the neckline remained the defining barrier because repeated rejection had previously interrupted upward advances.
A confirmed daily close above $0.4045 would likely validate the pattern and expose $0.5000 as the next major resistance.
Source: TradingView Final Summary Celestia’s upgrade boosted spot demand, while futures traders continued selling into the rally. Positive funding and improving chart structure kept breakout hopes alive above key neckline resistance.
Celestia’s [TIA] has posted steep losses over the past day, and while the drop reads like an extension of the broader crypto market slide, a closer look at the token’s supply schedule shows the asset is structurally primed for further downside.
DeFiLlama data shows that, apart from the $28,000 tranche marked for the 1st of July at press time, the team plans to offload roughly $67,000 worth of TIA every day until the month closes, pushing around $2.03 million into the market across the 31 days.
Source: DeFiLlama The setup looks bearish on paper, yet spot-market flows suggest incoming demand could absorb the pressure, given how TIA traded through June.
Total Spot purchases have reached $106.68 million, with a netflow of roughly $4.8 million tilting the balance toward buyers.
Funding Rate holds firm even as OI bleeds Outflows over the past few days still read as bearish sentiment working through the market. CoinGlass data showed that Open Interest—the capital committed to an asset’s perpetual contracts—fell 2%, a $1.16 million withdrawal that leaves net OI at $58 million.
Source: CoinGlass The outflow hasn’t shifted positioning, though—the Open-Interest Weighted Funding Rate, which measures the balance of TIA’s perpetual contracts against the Funding Rate, sits positive at 0.0038%.
A positive Funding Rate set against Open Interest signals that most of the capital in the perpetual market is leaning long, positioning for TIA to push higher over the coming sessions.
The reading being only mildly bullish shows traders aren’t crowding the upside, which lowers the risk of a sharp capitulation and points to steadier, more measured positioning.
TIA liquidity heatmap tilts toward an upswing The liquidity heatmap points to room for a TIA upswing. The heatmap doesn’t lock in a direction, but it hints at one by mapping where buy and sell orders rest.
At the moment, the deeper order clusters sit above price, suggesting strong odds that TIA rallies toward those levels.
Source: CoinGlass Momentum still works against that case, with TIA already down double digits on the day, and that weakness could drag price toward the lower clusters instead.
Those lower clusters hold resting buy orders that could seed a mid-term rally and shift the balance back in TIA’s favor.
Final Summary Celestia’s team is set to sell roughly $2.03 million in TIA across the month, adding structural pressure on top of the market-wide slide. Spot demand and a positive Funding Rate suggest that buyers could absorb the incoming supply, keeping an upswing in play.
PANews, July 1 – According to SoSoValue data, crypto sectors generally fell, with the Layer 2 sector down 3.57% in 24 hours. Among them, Mantle (MNT) fell 4.97%, Starknet (STRK) fell 4.93%, and Celestia (TIA) fell 9.54%. Meanwhile, Bitcoin (BTC) fell 1.89%, dropping below $59,000; Ethereum (ETH) fell 0.98%, dropping below $1,600.
In other sectors, the PayFi sector fell 0.29% in 24 hours, but Stellar (XLM) rose 11.00%; the CeFi sector fell 0.87%, Binance Coin (BNB) fell 1.19%; the Meme sector fell 1.05%, MemeCore (M) rose against the trend by 22.60%; the Layer 1 sector fell 1.41%, Cardano (ADA) was relatively resilient, rising 1.32%; the DeFi sector fell 2.79%, LAB (LAB) fell 14.83%.
Additionally, the SocialFi and NFT sectors were relatively resilient, rising 0.50% and 0.54% respectively. Within the SocialFi sector, Gram (GRAM) rose 1.01%; within the NFT sector, Audiera (BEAT) rose 7.87%.
In a strategic move to bolster its ecosystem, Mina Protocol has partnered with Celestia to incorporate a first-of-its-kind modular decentralized data availability (DA) solution. This collaboration is spearheaded by Geometry Research and supported technically by o1Labs.
It marks a significant advancement in the Mina ecosystem, introducing more robust data availability options that are crucial for the development of zkApps—applications that utilize zero-knowledge proofs to ensure privacy and security while maintaining the integrity of the underlying data.
The integration is timely as blockchain technology faces increasing challenges around data availability, a critical aspect for ensuring transparency and security in decentralized networks. Data availability solutions are essential in addressing issues related to scalability and trust, particularly as blockchains grow in size and complexity. By ensuring that all necessary data in a blockchain block is readily accessible and verifiable, Mina Protocol strengthens its infrastructure, making it more resilient against attacks or data manipulation.
Redefining Scalability and Security Mina Protocol’s integration with Celestia’s modular DA layer is a transformative development for the blockchain sector. It specifically enhances how data is handled, offering a scalable solution that does not compromise on security.
The modular approach allows different layers of the blockchain to operate independently yet cohesively, providing a flexible and efficient framework that supports the rapid development of decentralized applications.
This integration addresses the core challenge of scalability by enabling Mina Protocol to manage larger volumes of transactions efficiently. Celestia’s DA solution ensures that even as the ecosystem scales, data remains transparent and tamper-proof. This is particularly crucial for applications that require a high degree of trust and integrity, such as financial services and identity verification platforms.
Strategic Implications for Development and Adoption The collaboration between Mina Protocol and Celestia is not just a technical upgrade; it’s a strategic enhancement that positions Mina as a pioneer in the space of zero-knowledge applications. With Mina’s architecture, which compresses data into succinct zero-knowledge proofs, the integration allows for even greater scalability and accessibility.
This makes Mina’s blockchain not only more secure but also more user-friendly, as participants can verify transactions and blockchain states even on low-power devices.
Furthermore, the integration is set to accelerate the development of new applications on Mina’s platform. With easier zkApp programmability on the horizon, thanks to an upcoming mainnet upgrade, developers will find a more conducive environment for creating innovative applications. This upgrade is expected to significantly boost developer activity and increase the number of zk-oriented products in the market.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
The Ethereum network stands as a revolutionary innovation in the realm of blockchain technology. It serves as a robust platform for building and deploying decentralized applications (dApps), fueling the growth of decentralized finance (DeFi) and transforming the way we interact with financial services. However, with its widespread adoption and increasing popularity, Ethereum has faced challenges of scalability and high transaction fees, leading to the development of Layer 2 scaling solutions to enhance its capabilities.
The Ethereum blockchain hums with innovation, birthing a new breed of digital assets known as ERC-20 tokens. These versatile gems unlock a treasure trove of possibilities, from voting rights in decentralized communities to fueling innovative applications and even representing virtual currencies.
ERC-20 tokens are standardized building blocks on the Ethereum network. They adhere to a specific set of rules, ensuring seamless interaction and divisibility, making them perfect for trading and diverse applications. Think of them as digital coins, each with its unique identity and purpose, ready to be exchanged, used, and explored.
Whether you’re a seasoned crypto trader or a curious newcomer, navigating the thrilling world of ERC-20 trading can be challenging. This comprehensive guide will equip you with the knowledge and tools to confidently buy, sell, and trade these digital assets on the Ethereum network.
Some of the major and popular ERC-20 Tokens are Tether (USDT), Polygon (MATIC), Chainlink (LINK), Uniswap (UNI), Lido DAO (LIDO), Maker DAO (MKR), amongst many others.
Features of Ethereum Network Ethereum’s innovative design sets it apart from other networks, paving the way for a decentralized future of finance, applications, and beyond. Distinguished by its unique features and capabilities, it stands as one of the pioneers of Blockchain Technologies with standout features like:
The Power of Smart Contracts
The Ethereum Virtual Machine (EVM) serves as the core engine that drives the execution of smart contracts on the Ethereum network. These smart contracts are self-executing code that automates various actions and agreements, forming the foundation of dApps and DeFi protocols. EVM compatibility is crucial for deploying and interacting with ERC-20 tokens, the most common token standard on Ethereum.
Unlike static databases, Ethereum boasts the groundbreaking ability to execute self-enforcing agreements through smart contracts. These programmable pieces of code automate a wide range of tasks, enabling trustless interactions and the creation of innovative applications in diverse sectors.
Layer 1 and Layer 2: Addressing Scalability
The Ethereum mainnet functions as a Layer 1 blockchain, the base layer where all transactions are ultimately settled. To address the scalability bottlenecks on this primary layer, Layer 2 solutions have emerged as a promising approach. These solutions aim to offload a significant portion of transaction processing off-chain, resulting in increased throughput, faster confirmation times, and significantly reduced transaction costs.
A Platform For Innovation
Ethereum isn’t just a cryptocurrency platform; it’s a fertile ground for developers to build revolutionary decentralized applications (dApps). From DeFi protocols automating financial transactions to NFTs unlocking new ownership models, the possibilities are endless.
Gas and Gas Fees: Fueling Transactions
Within the Ethereum network, gas refers to the computational power required to execute transactions and smart contracts. Users pay gas fees to compensate miners for processing their transactions. Gas fees are denominated in ETH, Ethereum’s native cryptocurrency.
Fueling Decentralized Finance (DeFi)
As a breeding ground for DeFi protocols, Ethereum empowers users to take control of their finances. Borrow, lend, invest, and trade without dependence on intermediaries, fostering a more open and inclusive financial system.
Ecosystem And Adoption
Unlike centralized projects, Ethereum thrives on a vibrant and passionate community. Developers, miners, and users participate in its governance and evolution, ensuring its development remains transparent and aligned with the community’s needs. This growing ecosystem includes decentralized exchanges (DEXs), gaming applications, and more.
Exploring Layer 2 Scaling Solutions
Layer 2 scaling solutions offer a promising pathway to address the scalability challenges faced by the Ethereum mainnet. They operate as secondary layers built on top of the main blockchain, providing alternative mechanisms for transaction processing and data storage.
Here are some common types of Layer 2 solutions:
Sidechains: Independent blockchains that run in parallel with Ethereum, enabling faster and cheaper transactions. Plasma Chains: Blockchains that leverage Ethereum for security and finality, offering scalability benefits through data offloading. Optimistic Rollups: The technology employed by the Ethereum network for token transactions, which bundles multiple transactions off-chain and submits a summary to the mainnet for verification. Beyond Features: What Truly Sets Ethereum Apart? Ethereum’s uniqueness extends beyond its specific features, encompassing its fundamental characteristics and impact on the blockchain landscape.
Network Effect and Ecosystem: Through its early adoption and widespread implementation, Ethereum has established a robust network effect. Developers, projects, and users gravitate towards it, creating a flourishing ecosystem that strengthens its overall value and resilience.
Security and Trust: Built on a Proof-of-Work (PoW) consensus mechanism, Ethereum offers a high level of security and protection against malicious attacks. Its distributed nature further bolsters trust and transparency, minimizing the risk of centralized control.
Flexibility and Adaptability: Ethereum’s design prioritizes flexibility and adaptability. Upgradeability mechanisms allow it to evolve and adopt new features to remain relevant and address emerging challenges in the blockchain space.
Global Impact and Pioneering Spirit: Ethereum has gone beyond being a mere technological advancement; it has ignited a global conversation about decentralization, ownership, and financial autonomy. Its pioneering spirit continues to inspire innovation and shape the future of our digital world.
How To Get Started on the Ethereum Network for ERC-20 Tokens.
To buy/sell ERC-20 Tokens, you’ll need a crypto wallet. There are several crypto wallets to choose from within the Ethereum network and, popular options include software wallets like MetaMask, Trust Wallet, Coinbase Wallet, Binance WAllet, etc.
If you are using a desktop computer, you can download Google Chrome and install the MetaMask Wallet Chrome extension. If you prefer using your mobile phone, you can download MetaMask wallet via Google Play or the iOS App Store.
Just make sure that you are downloading the official Chrome extension and mobile app by visiting MetaMask Wallet’s website.
Once you’ve registered and set up your wallet via the Google Chrome Extension or via the mobile app you downloaded, MetaMask wallet allows users to manage their cryptocurrency wallets and interact with decentralized applications (DApps) to execute transactions on supported blockchain networks directly from their browsers. (Write down your seed phrase on a piece of paper and keep it in a safe place!).
Now, you’ll need to connect and add Ethereum to your MetaMask wallet. You may refer to MetaMask support page for reference on their website.
Trading ERC-20 Tokens on the Ethereum Network. In order to ERC-20 token trades on the Ethereum network, you will need to buy ETH as your base currency. You can buy ETH on centralized exchanges such as Binance, copy your wallet address from Metamask, and then send the ETH from Binance to your Metamask wallet.
You can also purchase ETH directly within the Metamask wallet using traditional payment methods such as credit or debit cards, etc.
Just click on the “Buy/Sell” button within Metamask to open the interface. Here, you can put how much ETH (or any other token) you want to buy in terms of dollar terms, pick your payment method, and then click “Buy”.
Note that to buy crypto directly within Metamask, you will need to provide info such as your country and state. However, it is a straightforward process that only takes a minute.
It’ll only take a couple of minutes at most for your ETH to arrive in your wallet. Once the ETH arrives, you are all set to begin trading ERC-20 tokens on the Ethereum network. So, head over to UniSwap to get started on your trading journey.
How To Trade ERC-20 Tokens On The Ethereum Network Using UniSwap Uniswap is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It allows users to trade Ethereum-based tokens directly from their wallets without the need for intermediaries or traditional order books.
Uniswap offers users a simple and straightforward way to buy and sell a wide variety of tokens. Be sure you’re on the Uniswap website to protect your wallet.
The first step is clicking on the “Launch App” button at the top right corner, as shown in the image below:
The next step is clicking on the connect wallet option on Uniswap at the top right corner, as shown in the image below:
Connect to your preferred wallet as shown below. (In this case, it’s Metamask):
Once connected, switch Metamask to the Ethereum network. (If you’re already on the Ethereum network, you do not need to switch):
After connecting MetaMask to the Ethereum network, go to Uniswap, and then you can start your ERC-20 Tokens on the Ethereum network using UniSwap.
Trading Ethereum Tokens On Uniswap The next step is to select your preferred tokens on the UnsSwap interface and since Uniswap operates on a token to token trading model, click on the “select token” button to select the trading pair you want to trade against.
For example, if you want to buy USDT using ETH, select ETH – USDT, enter the amount, then click on “swap” or “trade now” and confirm the transaction in your Metamask wallet. You can view the tokens in your wallet’s asset list.
Buying and Selling ERC-20 Tokens with the Metamask Wallet Ethereum Network users can also buy and sell tokens using the Metamask extension wallet already connected to the Ethereum network. To do this, make sure you’re connected to the Ethereum network and have ETH to swap and pay for gas fees. Then, navigate to the “Swap” button as shown below. This will take you to the Swap interface inside Metamask.
Using the image above as a guide, you can also search for tokens using the name or the contract address, just like on UniSwap. Input the amount of ETH you want to swap, confirm that you have the correct token, and then click “Swap.” Once the transaction is confirmed, the tokens you just bought will be sent to your wallet.
Tracking ERC-20 Token Prices on The Ethereum Network ERC-20 token holders and traders can take advantage of on-chain tools like DeFiLama to gain access to comprehensive market insights for specific tokens. These insights include price data and contract information, empowering users to make well-informed trading decisions based on reliable and up-to-date information.
Dextools is a comprehensive analytic resource for managing digital assets traded on ERC-20 Decentralized Exchanges. It’s a vibrant analytical cryptocurrency resource that provides statistical information on all leading blockchains and crypto projects.
Among these features, an exceptional one is the charting functionality, which delivers both real-time and historical price data for a wide range of tokens.
By utilizing these charts, users gain valuable insights into price trends, trading volumes, and other pertinent metrics. This enables them to pinpoint potential entry or exit points for their trades with precision and confidence. For example, let’s assume you’re $ETH for $LIDO, your trading pair is ETH/LIDO.
Note, Trading pairs serve as bridges between currencies. For example, the ETH/LIDOpair allows you to acquire $LIDO tokens using Ethereum (ETH).
Choose the pair that fits your funding situation and trading strategy. Consider using ETH if you already hold it, or fiat currencies if you’re venturing in fresh.
Let’s track the $LIDO token on Dextools, here’s what we have:
Conclusion Buying, selling, and trading ERC-20 tokens on the Ethereum network can be a thrilling adventure, opening doors to exciting investment opportunities and unlocking the potential of decentralized finance. However, it demands knowledge, caution, and a well-defined strategy.
This guide serves as your map and compass, but the ultimate treasure lies in your own learning and exploration. Navigate with confidence, trade responsibly, and remember that the most valuable asset in this journey is your knowledge.
Featured image from CoinMarketCap, chart from Tradingview.com
Earlier today, RARI Chain announced an upcoming migration to use Celestia Org, the leading modular DA layer. RARI Chain is a creator-first blockchain powered by Arbitrum, offering a secure and low-cost environment with royalties embedded on the sequencer level. According to the firm’s statement, moving our DA layer from a Data Availability Committee to Celestia Org is a crucial milestone for their path to decentralization.
Celestia Keeps Blooming This development comes at a time when the Celestia ecosystem is blooming based on recent data. According to Spencer Noon, more users post data to CelestiaOrg’s blobspace. According to them, the daily data posted to Celestia’s blob space has steadily increased since its inception and is now consistently hitting 200 MB/day.
More users are posting data to @CelestiaOrg’s blobspace…
“The daily data being posted to Celestia's blobspace has steadily increased since inception and is now consistently hitting 200 MB/day consistently – indicating that modular designs are gaining traction in the blockchain… pic.twitter.com/cZuXrbvmWc
— Spencer Noon 🕛 (@spencernoon) May 31, 2024 Spenser Noon states that modular designs are gaining traction in the blockchain space.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
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October is shaping up to be a pivotal month for the crypto market, with more than $1 billion worth of tokens preparing to enter circulation. A series of major token unlocks from leading projects, including Aptos, Ethereum Name Service (ENS), ImmutableX, and Bittensor, is set to test market resilience and liquidity. With billions in previously locked assets set to move freely, investors are bracing for heightened volatility and short-term price fluctuations across the board.
In brief More than $1 billion in crypto tokens will enter circulation between October 4 and November 4, 2025. Major unlocks from Aptos, ENS, ImmutableX, and Bittensor could pressure market prices and liquidity. Sudden supply surges may trigger volatility as investors adjust to the new circulation dynamics. Key unlocks include TON, Avalanche, and LayerZero, with analysts watching market reactions closely. Several Crypto Tokens Set to Unlock: Market Faces Potential Price Pressure According to data from DefiLlama, between October 4 and November 4, 2025, about $1.051 billion worth of crypto tokens will be released from vesting contracts. Many blockchain projects use locking or vesting periods to prevent early investors from selling immediately after launch, helping maintain price stability and investor confidence.
Once these restrictions are lifted, however, the sudden increase in circulating supply can put downward pressure on prices if demand fails to keep pace, making unlock schedules a key focus for traders monitoring market movements.
Massive Crypto Unlocks Poised to Shake Up the Market The wave already began on October 5, with Aethir releasing 65.58 million of its digital coins, followed by Aptos with 58.75 million. Flare added 44.73 million, while Big Time contributed 32.07 million to circulation.
Ethereum Name Service (ENS) unlocked 19.82 million tokens, while ImmutableX added 17.65 million. Other projects on the unlock schedule included Celestia with 9.62 million, Bouncebit with 7.93 million, Delysium with 4.27 million, and Stepn with 2.66 million.
A week later, on October 12, several major token unlocks are expected across key projects:
Bittensor is scheduled to release 49.44 million tokens, marking one of the day’s largest unlocks. Arbitrum is set to release 40.03 million tokens. Connex expects to introduce 36.78 million tokens into circulation during the same window. QuantixAI is preparing an unlock of 33.21 million crypto coins. Omni Network has 27.66 million tokens coming out of vesting contracts. Debridge is anticipated to release 20.06 million tokens to the market. Vana rounds out the list with 10.57 million tokens scheduled for unlock, bringing the total for the day to over 200 million. Smaller unlocks from Celestia, Apecoin, Zetachain, and other projects will add around 4.67 million more tokens. Later in the month, TON will conduct one of the largest unlocks, freeing 102.89 million tokens, followed by LayerZero’s 55.03 million and Avalanche’s 50.14 million.
Additional releases from Kaito, Melania’s meme coin, Tornado Cash, and Orderly are expected between October 19 and November 2, adding further liquidity to the market. As these events unfold, market participants will closely monitor trading volumes, price reactions, and overall sentiment as billions in newly unlocked tokens enter the market.
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James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Nym, a top routing platform for Web3, has announced its latest partnership with Celestia, a modular blockchain using Data Availability Sampling. The partnership targets to advance the scalability and integrity of the modular blockchains with the integration of “noise obfuscation”. This will benefit the data availability modules of Celestia through Nym Network. The platform took to social media to reveal this endeavor.
Nym Collaborates with Celestia to Enhance Blockchain Scalability Nym mentioned that collaboration with Celestia focuses on utilizing “noise obfuscation” feature for Celestia. In this respect, the data availability modules of Celstia can leverage this functionality through Nym. Celestia reportedly permits anyone to develop their separate blockchain with the use of its exclusive modular structure. It offers a matchless flexibility and scalability.
The platform has also created a L0 network for secure routing via the “Noise Generating Mixnet” project. Nym’s NGM can offer an anonymization layer to enable data retrieval, consensus, and queries. This reportedly ensures that the querying entity stays uncensored. In addition to this, any wallet, application, or blockchain can integrate Nym to secure traffic in transfer.
Celestia mainly endeavors to enhance blockchain scaling while retaining the chain security. For the improvement of its DAS’s integrity, Celestia has reportedly outlined a unique security improvement. This enables it to prevent a likely selective disclosure exploit. This could take place when the verification procedure gets manipulated by a malicious node.
In such a case, the node selectively replies to the given queries while holding back the block data. Though this hazard is at current theoretical, protecting DAS in each situation is required as Celestia chains perform efficient scaling.
Leveraging U-DAS Module to Prevent Selective Disclosure Exploits Aiming at Requesters According to Nym, its partnership with Celestia reflects a crucial landmark in the venture toward improving the blockchain security and scalability. As included in this development, Nym will create an Unlinkable Data Availability Sampling module. This will unlink the request from the requesting party through the Nym NGM. This will prevent selective disclosure exploits targeting requesters. Hence, with the latest U-DAS module, Celestia’s network participants will get the capability to sample as well as verify the sections of the data. They can do this without lacking chain integrity.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
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The year 2024 marks the dawn of a new era, not just for technology but for finance, as a major victory was achieved for Bitcoin Spot ETFs (Exchang-Traded Funds). It’s now the era where the past will be appreciated for its foresight and doggedness.
When the pioneer cryptocurrency and digital currency, Bitcoin launched in January 2009, it was nothing like a real-world asset or of an ‘agreed’ digital value, but an almost neglected bag of gold as it faced enough rejection from all phases. Even with Satoshi’s Whitepaper, Bitcoin wasn’t given a cordial welcome in the world of finance.
However, for all its promise, BTC remained shrouded in an air of mystery and skepticism. It took several years for Bitcoin to cement its value in the world of technology, finance, and the digital economy, assuming a giant role amidst many other cryptocurrencies.
However, On January 10, 2024, the SEC, in its official filing, approves all 11 Bitcoin Spot ETFs. This long-awaited green light from the US SEC marked a watershed moment, not just for Bitcoin, but for the entire cryptocurrency industry.
The 14-year journey to this point was arduous and paved with skepticism; regulatory hurdles loomed large, with the SEC citing concerns about market manipulation and investor protection as justification for repeated rejections. Attempts like Bitcoin futures ETFs offered limited exposure, failing to capture the true essence of a spot ETF’s direct price tracking.
Bitcoin Spot ETF Explained The recent approval of Bitcoin spot ETFs has stirred excitement across the financial landscape. But what exactly are these instruments, and what impact will they have on the future of BTC and, more broadly, on the investment landscape?
Bitcoin “Spot” ETFs (exchange-traded funds), unlike their futures-based counterparts, don’t track the price of Bitcoin futures contracts. Instead, they take a more direct approach, holding the underlying asset – Bitcoin itself – in secure digital custodians.
This eliminates the potential for “basis risk,” a phenomenon where futures prices deviate from the actual cash price of Bitcoin. Simply put, Spot ETFs offer a more straightforward and transparent way to gain exposure to BTC’s price movements, akin to traditional gold-backed ETFs.
Bitcoin Spot ETFs function similarly to their traditional counterparts, such as those tracking stock market indices. They pool investor capital, purchasing Bitcoin and holding it securely. Each share of the ETF represents a fractional ownership of the pooled Bitcoin, allowing investors to participate in the market without directly holding or managing the cryptocurrency themselves. This eliminates technical complexities and potential security risks, particularly for those with limited crypto experience, potentially broadening the base of Bitcoin investors.
The Genesis Of Bitcoin ETFs (Early Days and Conceptualization – 2013-2017) The earliest sparks of a Bitcoin ETF concept date back to 2013, when the Winklevoss twins first proposed their Gemini ETF. Winklevoss twins, Cameron and Tyler, both tech entrepreneurs with a vision in 2013, submitted the first application for a Bitcoin ETF, the Gemini ETF, sparking the decade-long journey to regulatory approval.
This audacious proposal was outrightly rejected by the SEC during the tenure of its former chairman, Jay Clayton, who later resigned in 2020 and became a supporter of cryptocurrency. Interestingly, Clayton is now actively involved in crypto regulations when he joined the advisory board of Fireblocks, a crypto custody platform.
The following years were a crucible of innovation and uncertainty. While Bitcoin’s market capitalization surged, attracting both fervent supporters and cautious observers, the SEC remained hesitant. The regulator’s concerns about market manipulation, price volatility, and the nascent state of blockchain technology were cited as justifications for repeated rejections of subsequent ETF proposals, including Grayscale’s attempt to convert its Bitcoin Investment Trust into a spot ETF.
Yet, amidst the rejections, there were flickers of progress. Technological advancements improved blockchain security and custody solutions, addressing initial concerns about vulnerability and potential wash trading. The global adoption of Bitcoin, particularly in Canada with its approval of Spot ETFs in 2021, served as a compelling case study for increased accessibility and market stability.
This period also saw the SEC’s stance slowly evolve. The appointment of Gary Gensler as SEC Chair in 2021 brought a newfound openness to dialogue and exploration of potential regulatory frameworks for cryptocurrencies. The approval of the first US-listed futures-based bitcoin ETF in October 2021, despite its limitations, offered a glimpse of what could be.
The Turning Point: A Decade Of Persistence Pays Off (2018-2023) While the 2017-2018 crypto boom and subsequent crash sent shockwaves through the industry, it also served as a crucible, forging resilience and fueling a renewed focus on compliance and innovation. Industry figures like Grayscale, undeterred by previous rejections, continued to refine their proposals, incorporating crucial safeguards and addressing regulatory concerns.
This relentless pursuit of approval finally yielded results in 2023. In May, Cathie Wood’s ARK Investments filed for a spot bitcoin ETF, setting a definitive deadline for the SEC’s decision.
Then, in June, BlackRock’s entry into the arena with its own Spot Bitcoin ETF application sent ripples of excitement through the financial world. This move by a traditional financial giant signalled a crucial shift in sentiment, demonstrating growing institutional confidence in BTC’s potential.
The months that followed were a whirlwind of activity. A flurry of applications from firms like Fidelity and Invesco poured in, fueled by the momentum of BlackRock’s move and the prospect of imminent approval. In August, a pivotal legal victory for Grayscale in the D.C. Circuit Court further strengthened the case for spot ETFs, forcing the SEC to re-examine its previous rejections.
Finally, the SEC, in a historic decision, greenlighted 11 spot bitcoin ETF proposals, including those from BlackRock, Fidelity, and VanEck. This moment marked the culmination of a decade-long struggle, signifying the mainstream acceptance of investor participation in the cryptocurrency space.
Ripples Across The Crypto Landscape: Implications Of Bitcoin Spot ETFs (2024) The arrival of spot ETFs has cast a wide net, sending ripples across various spheres of the financial world. There are a lot of potentials and challenges presented by spot ETFs, vital impact on market stability, institutional adoption, and regulatory oversight. There are positive predictions that the Bitcoin market cap could rise above $1 Trillion after the launch of Bitcoin Spot ETFs.
Let’s contemplate the broader significance of this pivotal moment, what it means for the future of finance, and its relationship between technology and traditional financial systems here.
Investor Crossroads For retail investors, Spot ETFs offer a convenient and familiar way to participate in the Bitcoin market without directly holding the cryptocurrency. This opens the door to broader adoption and increased liquidity, potentially leading to smoother price discovery and reduced volatility. The influential American magazine, Forbes predicted the BTC price will trade as high as $80,000 as a result of Bitcoin Spot ETFs’ approval.
The year 2024 is also shaping up to be a good one, if not one of the best seasons for cryptocurrency, especially Bitcoin, as it’s the season for Bitcoin halving, which will have another mega impact on the crypto industry.
However, the inherent risks of Bitcoin, including price fluctuations and potential exposure to fraud, must not be underplayed. Investors should approach spot ETFs with cautious optimism, ensuring a proper understanding of the technology, market dynamics, and associated risks before venturing in.
Institutional Embrace Bitcoin The arrival of spot ETFs marks a significant step towards institutional acceptance of Bitcoin. The involvement of established financial institutions like BlackRock and Fidelity lends credibility to the cryptocurrency and paves the way for further integration with traditional financial products and services.
Concerns remain about the impact of institutional involvement on market manipulation and potential conflicts of interest. However, regulatory oversight and robust compliance frameworks will be crucial in ensuring a fair and transparent market for all participants.
Market Redefined Spot ETFs could potentially lead to greater market stability by introducing institutional investors and their risk management expertise. This could mitigate some of the inherent volatility of the cryptocurrency market, attracting a wider range of investors and fostering sustainable growth.
The SEC’s approval represents a cautious acceptance, not a blank check. Further regulatory clarity and potential adaptation of existing frameworks might be required to effectively address the unique challenges posed by the integration of cryptocurrencies into mainstream financial systems.
Beyond Bitcoin Spot ETFs could act as a gateway for investors to explore the broader crypto landscape. Their familiarity and ease of access might encourage exploration of other promising blockchain-based projects, accelerating the overall growth and development of the cryptocurrency ecosystem.
The success of spot ETFs will hinge on the continued evolution of blockchain technology and associated infrastructure. Scalability, security, and user experience will remain key areas of focus for ensuring the smooth functioning and widespread adoption of crypto-based financial products.
The 11 Spot Bitcoin ETFs products (with their ticker symbols) approved on January 10, 2024, are:
Blackrock’s iShares Bitcoin Trust (IBIT) ARK 21Shares Bitcoin ETF (ARKB) WisdomTree Bitcoin Fund (BTCW) Invesco Galaxy Bitcoin ETF (BTCO) Bitwise Bitcoin ETF (BITB) VanEck Bitcoin Trust (HODL) Franklin Bitcoin ETF (EZBC) Fidelity Wise Origin Bitcoin Trust (FBTC) Valkyrie Bitcoin Fund (BRRR) Grayscale Bitcoin Trust (GBTC) Hashdex Bitcoin ETF (DEFI) Conclusion The approval of Bitcoin spot ETFs is a watershed moment, not just for the cryptocurrency itself, but for the entire financial landscape. It marks a new chapter in the saga of Bitcoin, one where its disruptive potential can be harnessed within the framework of established financial systems.
Also, this path forward is paved with both opportunities and challenges. Navigating regulations and addressing investor risk concerns are important to ensure seamless integration with traditional financial systems and regulatory bodies, which will be crucial in determining the ultimate success of this technological leap.
Final Thoughts The approval of Bitcoin spot ETFs is not merely a regulatory green light; it’s a resounding declaration of Bitcoin’s arrival on the main stage of finance.
Related Reading: Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops
However, the journey is far from over. This approval is a milestone, not a destination. As we stand at this turning point, it’s important to remember the spirit of defiance that birthed BTC. It was born from a desire for autonomy, for freedom from centralised control, and for a more equitable financial system.
While ETFs offer a bridge between this decentralized world and the established financial order, it’s crucial not to lose sight of these core principles.
BTC price struggles post-Bitcoin Spot ETF approval | Source: BTCUSD on Tradingview.com Featured image from Cryptopolitan, chart from Tradingview.com
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With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestia’s native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs.
Despite its native token’s downward trajectory, Celestia continues to innovate, keeping the bullish narrative alive. The question is if it is enough for a recovery of TIA in the long term.
Zaar Announces Sudoswap Launch On The Platform Zaar, an NFT-focused organization, recently posted that SudoSwap, an automated market maker protocol specifically built for NFTs, will launch on its native blockchain as soon as it launches its mainnet. The Zaar blockchain is built on Initia using the toolkit of Celestia. Although the latter is in a background role for the project, it still shows that the broader crypto community still regards Celestia as reliable.
We’re excited to announce that @sudoswap will be launching on Zaar Chain on Day 1 along with our mainnet.
We’re excited to be powering the first NFT marketplace on @initiaFDN with @CelestiaOrg underneath.
Study The Fun Network.
💊🦴✨🔁 pic.twitter.com/GdcaNo8c24
— Zaar 💊 (@zaar_gg) August 20, 2024
Keeping this in mind, Celestia’s involvement with an NFT project might just be great timing.
Although market interest in NFTs has faded ever since, some movement within the market. Just recently, the CryptoPunks collection led the NFT surge with over $825,000 in sales along with the offloading of CryptoPunks #5822 for an undisclosed amount.
These small but big movements might spark interest in NFTs once again, pushing them from niche to mainstream. But before that can happen, development in the NFT space should continue as it recovers from lost retail interest.
TIA is currently trading at $5.002. Chart: TradingView TIA Trading On Sustainable Price Range As of writing, the token is trading right between $4.8 and $5.9, keeping the bears from any possible breakthrough in the short to medium term.
This trading range gives the bulls a strong and reliable jumping-off point in the coming days. At its current price point, accumulation should be the focus of the bulls in the next few weeks. However, TIA’s momentum is highly correlated with the swings of the broader market, making it susceptible to any change in the market’s sentiment.
As of press time, TIA investors and traders are still bullish on the token’s future performance despite the extreme slip that occurred in its market. If this sentiment continues and investors rightly weigh in on the developments inside Celestia, we might see a reattempt to take lost ground above the $5.8 ceiling.
If the $5.8 ceiling is broken, TIA has the potential to regain $6.3 in the long term. Patience, then, is the greatest weapon investors and traders should have in this situation. With only a slight dip in the market and a bullish investor base, TIA will have enough momentum to make breakthroughs soon.
Featured image from 01node, chart from TradingView
Celestia has surged more than 12% to trade around $0.34 as traders responded to tightening spot supply and rising demand ahead of the Hibiscus V7 mainnet upgrade.
Price expansion has unfolded alongside improving participation rather than impulsive speculation, which kept the rally structurally grounded.
Buying activity intensified while distribution pressure remained contained, allowing Celestia [TIA] to stabilize after prolonged weakness.
The market has begun pricing in expectations around the mid-March upgrade, which introduces interoperability and validator-level changes.
However, this advance has not yet resolved Celestia’s broader consolidation phase. Instead, price action reflects early positioning rather than full trend commitment.
As a result, the rally appears reactive to improving conditions rather than euphoric. The key issue now centers on whether these supportive dynamics can persist long enough to force a decisive structural shift.
Can TIA reclaim its range ceiling? TIA continues trading within a clearly defined range while pressing against the $0.3688 resistance level. Price has repeatedly respected the $0.2891 support zone, which continues to anchor downside risk.
Each rebound from this base has occurred with improving structure, suggesting sellers have lost urgency. However, upside progress has stalled near the upper boundary, keeping the range intact.
The recent push toward resistance reflects strengthening participation rather than a breakout attempt driven by thin liquidity.
A sustained hold above $0.3688 would expose the broader $0.4500 level, which previously acted as a major distribution zone.
Until that reclaim occurs, consolidation remains the dominant state. Therefore, the market continues balancing accumulation tendencies against unresolved overhead supply.
The Relative Strength Index has climbed toward the upper band, reaching approximately 59 on the 4-hour timeframe at the time of writing. This positioning reflects strengthening bullish pressure without signaling exhaustion.
RSI has remained above its midline during recent pullbacks, which indicates that buyers have maintained control through retracements. Unlike prior rallies that faded quickly, this advance has preserved indicator stability.
However, RSI has not entered extreme territory, which suggests that TIA’s expansion potential remains conditional, not guaranteed.
Source: TradingView TIA’s immediate sell pressure reduced Celestia’s Spot Netflow remained negative at approximately -$254.50K at press time, signaling continued exchange outflows during the rally.
This figure indicates that tokens are leaving centralized venues rather than preparing for distribution.
Reduced exchange balances often limit immediate sell pressure, which helps price sustain gains during demand increases.
Unlike rallies driven by heavy inflows, this structure reflects holder confidence rather than speculative rotation.
Outflows have remained consistent instead of spiking abruptly, which reinforces stability. As long as this trend persists, downside pressure should remain constrained.
However, any reversal toward positive netflow would quickly challenge this narrative. For now, exchange dynamics continue supporting price resilience rather than undermining the recovery attempt.
Source: CoinGlass Aggressive buyers take control of spot flow The 90-day Spot Taker CVD has flipped decisively into buyer dominance, confirming aggressive market participation. This shift shows buyers actively lifting offers instead of waiting passively at lower levels.
Such behavior often accompanies early trend transitions rather than late-stage moves. Taker buy pressure has expanded alongside price, reinforcing the credibility of the rally.
Importantly, this dominance has persisted instead of fading after the initial surge. Therefore, demand appears committed rather than opportunistic.
When combined with negative spot netflow, this dynamic suggests tightening supply meets rising urgency.
As long as taker behavior remains skewed toward buying, price should retain upward pressure within the existing structure.
Source: CryptoQuant To sum up, Celestia’s rally reflects improving demand, reduced sell pressure, and growing anticipation around the Hibiscus V7 upgrade.
However, price still operates within a defined range. A sustained reclaim of $0.3688 would likely shift structure decisively bullish. Failure to hold pressure could extend consolidation.
Final Summary Upgrade anticipation and tightening exchange supply create conditions that could support sustained structural expansion. However, only a firm reclaim of upper resistance would validate emerging bullish conviction.
TLDR: TIA has dropped 98.73% from its $21.14 ATH, now trading in a macro discount zone near $0.20–$0.30. Analysts set HTF expansion targets from $0.63 up to $21.14, representing a potential 6,757% price gain. Celestia holds 50% DA market share with 100-plus rollups integrated and over $155M raised from top VCs. Proof-of-Governance will cut TIA issuance from 5% to 0.25%, with a $62.5M buyback already completed. Celestia’s native token, TIA, has drawn attention from analysts after falling nearly 98.73% from its all-time high. The token now trades within what crypto analysts describe as a high-risk, high-reward accumulation zone between $0.20 and $0.30.
Market observers are watching closely for any structural shift in price action. Celestia’s modular blockchain fundamentals remain intact despite the steep decline. Patient capital appears to be positioning ahead of a potential 2026–2027 markup phase.
TIA Technical Structure Points to Accumulation Near Channel Lows TIA has broken below a long-term descending parallel channel that controlled price since early 2024. The breakdown follows a series of lower highs and lower lows on higher timeframes.
Multiple Break of Structure confirmations to the downside have appeared throughout 2024. These patterns reflect sustained selling pressure without meaningful demand absorption.
A fakeout near the $7–$9.20 range created a liquidity grab above mid-channel resistance. After that move, price reversed sharply and continued declining.
The $0.80 major support level has since flipped into a strong resistance zone. This classic support-to-resistance role reversal has now been validated on higher timeframes.
Analyst CryptoPatel noted on X: “Price is now below channel bottom with confluence at deep discount pricing. The accumulation zone of $0.30–$0.20 is high risk but offers high reward for patient capital.”
$TIA at "Do or Die" Demand: The Setup That Could Mint New Millionaires in 2026-2027 (6,757% Potential?)#TIA is trading Below the lower boundary of a macro descending parallel channel after an aggressive ~98.73% markdown from the $21.14+ ATH.
A potential weekly Change of Character could form if TIA closes above $0.63. That level marks the threshold where market structure may begin shifting.
Until then, price remains within a bearish macro trend. Traders are advised to approach this zone with strict risk management.
HTF expansion targets outlined by the analyst include $0.6257, $1.4717, $3.2152, $8.4990, and $21.1415. The full move would represent a potential 6,757% gain from current levels.
Invalidation is set at a weekly close below $0.20. The analysis uses SMC, ICT, and HTF liquidity mapping frameworks.
Celestia Fundamentals Support Long-Term Demand Narrative for TIA Celestia operates as the first modular blockchain built specifically for data availability. Every rollup and Layer 2 network requires a DA layer to function efficiently.
Celestia currently holds roughly 50% of the DA market share. Over 160 GB of data has been posted, with 100-plus rollups already integrated into the network.
The project has raised over $155 million from backers including Bain Capital Crypto, Polychain, Galaxy, Delphi Digital, and Jump Crypto.
This institutional backing reflects confidence in the modular blockchain thesis. Eclipse alone has published over 83 GB on Celestia, creating substantial switching costs. Integration with Arbitrum Orbit, OP Stack, and Polygon CDK further cements its ecosystem position.
The Fibre protocol targets 1 terabit per second throughput, which is 1,500 times the original roadmap capacity. This opens use cases including AI agent payments, on-chain orderbooks, and real-time auctions.
At Binance-scale market volume, the network could generate $600 million annually in fees. The current market cap sits near $290 million, which analysts view as relatively low for dominant DA infrastructure.
Proof-of-Governance is set to reduce token issuance from 5% to 0.25%. Additionally, a $62.5 million buyback has already been executed.
These moves introduce deflationary pressure on TIA supply. Competition from EigenDA, Avail, and Ethereum blob scaling remains a key risk to monitor going forward.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on March 26th that MilkyWay, a liquidity staking protocol, has announced the initiation of its L1 mainnet shutdown process. Prior to the shutdown, the team completed the chain upgrade and returned all assets from MilkyWay L1 to its native chain. Previously held assets have been returned to the native chain (e.g., TIA from Celestia has been returned to the Celestia network). If users do not see their funds, the official team recommends submitting their wallet address to the official team or leaving a message under the announcement post for further assistance.
In January, it was reported that the MilkyWay protocol would be gradually phased out and permanently shut down .
Celestia [TIA] is increasingly exposed to bearish pressure as both market structure and sentiment deteriorate.
Although the asset has recorded only a modest 1.3% decline over the past 24 hours, underlying conditions point to a broader shift that could accelerate losses. Rising circulating supply and weakening demand continue to tilt the balance in favor of sellers.
Token unlock adds to supply overhang An upcoming token unlock is set to hit the market, with new TIA supply expected to enter circulation on the 29th of March.
According to DeFiLlama, the unlock represents just 0.032% of the current circulating supply, valued at roughly $85,000 at the time of writing. While relatively small, such events often influence short-term sentiment disproportionately.
Source: CoinGlass The allocation is expected to go toward research and development and core contributors within the ecosystem, indicating a utility-driven distribution.
However, market reactions to unlocks tend to reflect sentiment rather than fundamentals. With broader conditions already leaning bearish, the additional supply could reinforce downside pressure.
Spot market flips bearish Selling activity in the Spot market has intensified. On the 28th of March, Spot investors offloaded approximately $513,000 worth of TIA, marking a clear shift in positioning.
This move follows four consecutive days of gradual accumulation, making the reversal more significant. A transition from steady buying to aggressive selling typically reflects declining conviction and a more cautious market outlook.
The bearish tilt extends beyond the spot market. Derivatives data shows a similar pattern, reinforcing the broader weakness in TIA’s positioning.
Source: CoinGlass Breakdown shifts focus to lower levels From a technical standpoint, TIA has broken below a prolonged consolidation range that had held since the 5th of February, ending months of sideways movement. The breakdown signals a loss of structural support and reinforces bearish momentum.
The asset now trades below the $0.2967 support level. A sustained close beneath this threshold would confirm a continuation of the downtrend and increase the likelihood of a move toward the $0.233 region.
Source: TradingView With both fundamentals and technical indicators aligning to the downside, TIA remains vulnerable to further declines unless buyers reclaim key levels and restore momentum.
Final Summary Anticipated token unlocks have begun to weigh on Celestia’s sentiment, with Spot traders reversing course after days of steady accumulation. Key support levels will determine whether TIA stabilizes or extends its downside move.
Celestia’s TIA token surged 12.22% in 24 hours as volume jumped 77.62%, signaling a strong return of participation after weeks of muted activity.
The rally reflected renewed interest, which had started to rebuild following prolonged consolidation.
As trading activity increased, the price followed with a steady climb rather than a sudden spike, which suggested controlled demand.
However, this structure did not emerge randomly, as it aligned with broader recovery attempts across the range.
Increased participation supported continuation, though it also introduced short-term volatility as traders reacted quickly to price changes.
This dynamic placed TIA in a position where demand had clearly strengthened, while sustainability still depended on behavior near resistance.
TIA tests range highs after prolonged consolidation Following the rebound, Celestia [TIA] approached the $0.3882 resistance after holding support near $0.2828, maintaining a defined accumulation range.
Price had remained compressed within this structure for weeks, which reflected a balance between buyers and sellers.
As the rebound unfolded, candles pushed gradually toward the upper boundary, showing consistent demand rather than erratic movement.
However, previous rejection zones near resistance remained relevant, which meant buyers had not yet secured a breakout.
This range-bound behavior suggested that participants had accumulated positions within the lower band while preparing for expansion.
If price sustains pressure near the upper boundary, a breakout becomes more likely, while failure could reinforce continued consolidation.
The Relative Strength Index rose to 62.28, reflecting improving strength as price approached the upper range.
This reading moved above mid-levels, which indicated that buying pressure had increased compared to previous sessions.
As RSI trended upward, it showed that gains had followed a steady buildup in strength.
Source: TradingView TIA exchange inflows rise as selling risk grows Spot flows shifted toward inflows, with approximately $370K entering exchanges during the rally phase.
This change suggested that some participants had moved tokens to exchanges, likely preparing for potential selling activity.
Unlike accumulation phases, where outflows dominate, inflows introduced additional supply into the market.
As price climbed alongside these inflows, the structure reflected a mixed signal between demand and distribution.
However, this did not immediately invalidate the rally, as inflows can also support liquidity during upward moves.
If inflows continue increasing, they could cap further upside, especially near resistance where sellers typically re-enter.
Source: CoinGlass Open Interest expansion signals rising leverage Open Interest increased by 22.43%, reaching $54.96M, which reflected a sharp rise in leveraged participation during the price move.
This growth showed that traders had actively entered positions as the price advanced, reinforcing the strength of the current trend.
As Open Interest aligned with rising price, it suggested that new capital had entered the market rather than existing positions rotating.
However, increased leverage introduced higher risk, as crowded positioning can amplify volatility during reversals.
This structure often precedes sharp moves in either direction, depending on how the price reacts to key levels.
Source: CoinGlass Can TIA sustain its rally under pressure? TIA’s rally gained support from rising volume and expanding Open Interest, which reflected strong participation.
However, increasing inflows suggested that sell-side pressure had begun to build alongside the move.
If buyers maintain control above the current range, the price would likely attempt a breakout toward higher levels.
However, if inflows translate into selling near resistance, the rally could slow and return to consolidation.
Final Summary TIA rallied on strong volume, but exchange inflows suggest rising sell-side pressure near resistance levels. Open Interest expansion shows growing leverage, which could amplify volatility if the price faces rejection.
Celestia [TIA] rallied 14.84% to $0.3968 as trading volume surged over 418%, reflecting a sharp resurgence in market participation and renewed trader interest.
This expansion in activity followed a prolonged period of low engagement, where price had remained compressed within a tight range.
As volume accelerated, price responded decisively, signaling that buyers had stepped in with stronger conviction. The move suggested that demand had started absorbing prior sell pressure, allowing TIA to push higher.
However, such aggressive volume spikes often reflect both genuine accumulation and short-term speculation, which could influence how sustainable the rally becomes as participation continues evolving.
Are Binance traders leaning too heavily long on TIA? Binance top traders shifted decisively toward long positioning, with 70.35% of accounts holding longs against 29.65% shorts, pushing the long/short ratio to 2.37.
This positioning reflected a strong directional bias, as traders increasingly aligned with the upward move.
As a result, sentiment had turned clearly bullish, reinforcing the price expansion already underway.
However, such imbalance often introduces risk, since crowded long positioning can leave the market vulnerable to sudden downside reactions.
If price fails to sustain upward pressure, these positions could unwind quickly. Still, as long as buyers maintain control, this skew could continue supporting upward price development in the near term.
Source: CoinGlass TIA breakout structure strengthens Price broke out of its accumulation range between $0.2891 and $0.3688, reclaiming the $0.36 level as support and pushing toward the $0.45 resistance zone.
This move followed a rounded base formation, where price gradually transitioned from consolidation into expansion as buyers stepped in near range lows.
As a result, structure improved, allowing higher lows to form before acceleration began. In addition, the MACD line crossed above the signal line while histogram bars turned positive, reinforcing the strength behind the breakout.
This alignment suggested that underlying buying pressure had started supporting price continuation rather than short-term spikes.
However, the $0.45 level still stands as a key barrier where prior selling emerged.
If the price holds above $0.36, the structure could remain intact and allow further upside development toward higher resistance zones.
Source: TradingView Short liquidations fuel the rally’s extension Short liquidations dominated recent activity, with $58.12K in short positions wiped out compared to $15.43K in long liquidations.
This imbalance highlighted that bearish traders had been caught offside as price moved higher.
As these positions closed, forced buying added further upward pressure, accelerating the rally beyond organic demand. This dynamic often creates sharp price spikes, as liquidation-driven moves amplify existing trends.
However, once liquidation pressure subsides, price action can stabilize or retrace depending on underlying demand. If buyers continue stepping in after this phase, the rally could extend.
Source: CoinGlass TIA’s rally faces rising risk as long positioning crowds the trade. Sustained upside would require holding above $0.36 with continued demand.
Otherwise, failure near resistance could expose overleveraged longs, increasing the likelihood of a long squeeze and sharp downside reaction.
Final Summary TIA’s rally was driven by strong volume and breakout, but long crowding increases downside risk. Holding above $0.36 would support continuation; failure could trigger long squeeze pressure.
PANews reported on April 22 that Everstake announced it will exit the Celestia ecosystem by April 28 , ceasing its services as a $TIA validator. Everstake reminded current $TIA holders staking on its nodes to redeem their tokens or restake them to other validators before that date to avoid impacting their staking rewards or equity.
Author: PA一线
This content is for market information only and is not investment advice.
Celestia [TIA] climbed 10.28% in 24 hours while trading volume surged 55.86% to $88.62 million, signaling renewed speculative demand across the market.
The rally emerged after TIA spent months trading within a compressed consolidation structure near lower support zones.
Buyers regained control once price reclaimed the $0.45 region, which previously acted as a strong resistance barrier.
Market capitalization also increased 10.48% to $453.2 million, reflecting broader capital inflows into the asset.
However, the recovery did not rely solely on price appreciation. Rising trading activity showed that participation had expanded significantly during the breakout phase.
As volatility returned, traders increasingly positioned around TIA’s strengthening structure, raising expectations for additional upside continuation.
Spot flows shifted back positive Spot market behavior strengthened after Netflows turned positive with over $683.98K entering exchanges on the 13th of May. The inflow spike followed several weeks where outflows frequently dominated activity across the market.
Buyers appeared increasingly active once TIA reclaimed higher resistance zones above $0.45.
Exchange inflows often reflect rising positioning activity because traders move tokens toward platforms during periods of elevated volatility and speculation.
Nevertheless, broader flow behavior remained relatively balanced compared to previous aggressive distribution phases.
Several historical inflow spikes had previously triggered temporary rallies before fading rapidly.
This time, however, TIA maintained strength while inflows accelerated, suggesting traders had sustained bullish participation instead of immediate profit-taking.
If inflows continued supporting price action, TIA could preserve upward pressure toward higher supply zones.
Source: CoinGlass Breakout Structure Targeted $0.60 TIA broke above the critical $0.45 resistance after spending months consolidating between the $0.28 and $0.38 range. The breakout followed a rounded recovery structure that gradually strengthened throughout April and early May.
Buyers repeatedly defended the $0.3426 support zone before reclaiming higher resistance levels.
The current structure showed improving bullish control as candles continued closing above former breakout regions.
In addition, the chart projected a possible continuation toward the $0.60 resistance zone if buyers maintained support above $0.45.
Earlier rallies had failed near similar levels after sellers regained dominance quickly.
This time, however, price action sustained a stronger follow-through while higher lows continued forming beneath resistance.
If TIA preserved this breakout structure, buyers could continue targeting the next major supply area.
MACD indicators strengthened further as the bullish crossover expanded above the neutral zone. Green histogram bars also continued increasing, showing that buying pressure intensified during the latest recovery phase.
Source: TradingView Open Interest climbed alongside price Open Interest climbed 8.63% to $84.46 million as leveraged traders increasingly positioned around TIA’s breakout structure.
The rise in derivatives exposure aligned with strengthening spot demand and expanding technical structure across the daily timeframe.
Traders appeared increasingly confident after TIA reclaimed resistance zones that previously limited upside continuation.
Rising Open Interest alongside price expansion often reflects fresh positioning entering the market rather than traders closing exposure.
However, elevated derivatives activity also increased the probability of volatility if buyers lost control near resistance.
Previous Open Interest spikes had occasionally preceded liquidation-driven pullbacks after traders became overcrowded.
Current positioning nevertheless remained supported by rising volume and improving structure.
Source: CoinGlass In conclusion, TIA has shown a strengthening bullish structure after reclaiming key resistance alongside rising volume, positive Netflows, and expanding Open Interest.
Buyers maintained control above the $0.45 breakout region while MACD indicators continued supporting bullish continuation.
If current demand remained stable near reclaimed support, TIA could continue advancing toward the $0.60 resistance zone during the next recovery phase.
Final Summary TIA reclaimed key resistance as buyers increased exposure across spot and derivatives markets. Bullish MACD structure and rising Open Interest continued supporting TIA’s breakout continuation setup.
Celestia (TIA) edges above $0.4400 at press time on Friday, extending recovery for the third consecutive day so far this week. A surge in retail demand and social buzz backs the sudden rebound in price, which lacks a clear fundamental driver. The technical outlook for TIA is bullish, with momentum improving as price nears a key resistance zone between $0.4596 and $0.4722.
Retail frenzy drives Celestia rallyCelestia is gaining retail strength as it emerges as a top performer in the broader crypto market, with three straight days of recovery. CoinGlass data shows an increase in leverage-linked trading activity, driving the TIA Open Interest (OI) to $67.82 million, up over 10% in the last 24 hours. At the same time, the funding rate is 0.0042% as of Friday, suggesting traders are willing to hold long positions at a premium.
TIA derivatives data. Source: CoinGlassOn the other hand, Santiment data shows a sharp uptick in social dominance to 0.024% out of all crypto-related posts, indicating increased social buzz around Celestia.
Celestia social metrics. Source: Santiment.Technical outlook: Will Celestia rally cross $0.50?Celestia holds a constructive near‑term bias, with three straight days of recovery, beginning with a 6% rebound on Wednesday. The short-term rally has crossed above the 100-day EMA at $0.4015 and the 50% retracement level at $0.4104, measured from the January 13 high of $0.6257 to the February 6 low of $0.2693.
The immediate resistance for TIA lies at the $0.4596-$0.4722 supply zone, which capped an earlier breakout attempt this month. A clear push above this zone would position 78.6% Fibonacci retracement level at $0.5224 as the next resistance.
The Relative Strength Index (RSI) near 60 on the daily chart suggests persistent buying pressure, with further upside potential before reaching the overbought zone. Meanwhile, the Moving Average Convergence Divergence (MACD) rises toward its signal line, hinting at a potential bullish crossover. The contracting negative histogram bars reaffirm a declining downside momentum.
TIA/USDT daily price chart.On the downside, first support is located at the 50% retracement level at $0.4104, reinforced by the 100‑day EMA at $0.4015 and the 50‑day EMA at $0.3844.
(The technical analysis of this story was written with the help of an AI tool.)
(This story was corrected at 11:10 GMT to say in the first bullet and paragraph that it is Friday, and not Thursday.)
PANews reported on May 26th that, according to SoSoValue data, the cryptocurrency market saw mixed performance across sectors. The SocialFi sector rose 5.90% in the last 24 hours, with Toncoin (TON) surging 8.73% within the sector. The DePIN sector rose 2.99%, with Render (RENDER) up 9.24% and Grass (GRASS) up 13.67% within the sector.
In other sectors, the AI sector rose 0.06%, with Unibase (UB) rising 18.95%; the Layer 2 sector rose 0.06%, with Celestia (TIA) rising 11.44%.
In addition, the Layer 1 sector fell 0.28%, but NEAR Protocol (NEAR) rose 12.14%; the CeFi sector fell 0.35%, while Bitget Token (BGB) remained relatively strong, rising 0.71%; the Meme sector fell 1.23%, while MemeCore (M) bucked the trend, rising 3.63%; the PayFi sector fell 1.26%, while Ultima (ULTIMA) rose 1.59% intraday; the DeFi sector fell 2.22%, with Hyperliquid (HYPE) hitting a new high before pulling back 3.28%, falling below $60.
Celestia’s TIA rallied over 11% while trading volume exploded nearly 197% across the last 24 hours. The sharp increase reflected renewed speculative activity around the token.
At the time of writing, TIA reached $0.4636 after buyers reclaimed control near the mid-range support region.
Trading Volume climbed to nearly $96.2 million, suggesting fresh participation entered during the breakout attempt.
However, the rally did not emerge from isolated buying pressure alone.
Traders increasingly rotated back into higher-risk altcoins after weeks of sideways consolidation. TIA had already shown accumulation signs earlier this month, and the latest move strengthened that recovery structure further.
If buyers continue defending reclaimed levels, TIA could attempt another move toward higher resistance zones.
Why are TIA traders turning bullish? Open Interest climbed 13.70% to nearly $77.39 million as leveraged traders expanded exposure during TIA’s latest rally.
The increase suggested that speculative positioning had accelerated, rather than fading, despite recent volatility near the resistance level.
Rising Open Interest alongside price appreciation usually reflects fresh capital entering the derivatives market rather than positions closing under pressure.
Additionally, the structure revealed that traders continued to build directional exposure while volatility remained elevated across the broader cryptocurrency market.
Such behavior often reflects growing confidence in short-term continuation rather than defensive positioning.
However, rising leverage also increases liquidation risk whenever volatility expands aggressively.
Therefore, traders would likely monitor whether Open Interest continues climbing alongside price action or starts diverging during future rallies.
Source: CoinGlass Can TIA hold the reclaimed range? TIA reclaimed the critical $0.45 support zone after months of consolidation within a broad accumulation range.
The Daily Chart showed buyers regaining control after repeated defenses near the $0.3426 support level earlier this year.
At press time, TIA traded near the upper boundary of the established range while attempting to build momentum toward $0.60 resistance. However, TIA still traded beneath a major resistance region that previously triggered heavy selling pressure.
Buyers continued defending higher lows throughout May, strengthening the broader recovery trend.
On top of that, the breakout above mid-range resistance shifted short-term sentiment back toward bullish territory.
If TIA maintains stability above $0.45, buyers could attempt another move toward $0.60.
Failure to defend that zone, however, could weaken bullish momentum and trigger another consolidation phase. The MACD remained bullish as the Signal Line crossover strengthened above the zero line on the Daily Chart.
Histogram Bars also stayed positive, indicating buyers still controlled short-term momentum.
Unlike earlier rallies that faded quickly after rejection, the current structure showed steadier continuation with fewer sharp reversals.
Source: TradingView Binance traders remain heavily long on TIA Binance top traders continued leaning heavily bullish, with 66.07% of accounts remaining positioned long on TIA.
Short accounts only represented 33.93% of positioning, highlighting a clear directional bias favoring upside continuation despite recent volatility near resistance.
The Long/Short Ratio also hovered near 1.95, reinforcing the growing confidence among leveraged participants.
Such positioning often reflects expectations of sustained price expansion rather than temporary relief rallies.
However, crowded long positioning can also increase liquidation risks whenever price weakens unexpectedly near resistance zones.
Source: CoinGlass Final Summary Celestia [TIA] jumped over 11% as Trading Volume surged nearly 197%. Binance’s top traders were 66.07% long, which supports bullish sentiment but raises liquidation risk.
Celestia [TIA] was one of the handful of tokens in the crypto market that posted noticeable gains in the past 24 hours. The altcoin was up 5.2% with a 30% increase in trading volume, but its long-term trend was not bullish.
As we shall explore soon, the token has been in a higher timeframe downtrend since April 2024. Any rally, even sizeable ones, has only operated within this downtrend and served as a relief rally.
Steady token unlocks and a shift in narrative towards AI and RWAs, as well as a lack of sustainable adoption, were likely the biggest reasons why Celestia was undergoing a prolonged downturn.
Though the Open Interest boost of 11.3% in 24 hours indicated speculative inflows, the wider market pessimism is likely to send TIA lower once more.
The TIA downtrend and consolidation in 2026 Source: TIA/USDT on TradingView The Fibonacci retracement levels (orange) captured the swing structure on the 1-day timeframe. The altcoin set a swing low at $0.429 in December 2025, bounced to $0.625, then careened to $0.269 by early February 2026.
This bearish impulse move broke the previous swing low, marking $0.625 as the high that the buyers need to reclaim to establish a bullish structure.
This might not happen anytime soon. The OBV has been in decline since May, and TIA has twice faced rejection from the 61.8% retracement level at $0.489.
Since February, the altcoin has also formed a range between $0.284 and $0.463. This meant that the $0.45-$0.50 was a key overhead supply zone, alongside the $0.549 retracement level.
TIA traders would be looking to sell this bounce Source: TIA/USDT on TradingView Using a similar analysis on the 4-hour chart, the bearish swing structure was used to plot retracement levels. The recent bounce reached the $0.411 level before facing rejection, and was falling lower at press time.
Though the MFI climbed to 75, the trend favored the sellers. Traders can look to short Celestia, especially if Bitcoin continues its descent below the $65k level.
Even a move up to the golden pocket between $0.411 and $0.447 would still be part of a seller-controlled market. A breakout past $0.625 is needed to escape the long-term bears’ clutches.
Final Summary Celestia’s bounce and volume spike in the past 24 hours should not be taken as an encouragement to buy. The 4-hour chart showed a downtrend in progress, and TIA’s jump to $0.411 presented a selling opportunity.
Bitcoin (BTC) hovers above $64,000 at press time on Tuesday, holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe (DEXE) and Celestia (TIA) have emerged as frontrunners over the last 24 hours.
Bitcoin sustains a minor recovery as ETF outflows coolBitcoin-focused Exchange Traded Funds (ETFs) recorded four consecutive weeks of over $1 billion in outflows in May and early June. However, institutional trimming has since eased, with $226 million in outflows last week and $315 million the previous week.
Six consecutive weeks of outflows are mirrored in Ethereum (ETH)-focused ETFs, with $10.05 million last week, followed by $14.91 million the previous week.
Crypto ETFs data. Source: CoinGlassBitcoin maintains a mixed near-term bias, with price remaining below both the 50-day and 200-day Exponential Moving Averages (EMAs) at roughly $68,889 and $78,623, respectively, but holding above a short-term support trendline.
Momentum is mixed on the daily chart, with the Moving Average Convergence Divergence (MACD) holding positive histograms as the average lines rise, while the Relative Strength Index (RSI) at around 41 remains below the neutral band, suggesting rallies could still meet selling pressure.
On the topside, initial resistance is seen at the 50-day EMA near $68,889, where any rebound is likely to be tested, followed by the reclaimed bearish rising trendline around $73,439, with the 200-day EMA near $78,623 acting as a more distant cap.
BTC/USDT daily price chart.On the downside, immediate support emerges from the more recent upward trend configuration around $63,341, while a deeper pullback would put focus on the psychological and structural floor at $60,000, where buyers previously defended the larger bullish structure.
DeXe and Celestia regain bullish strengthDeXe is up over 18% on Tuesday, extending its 32% rise from the previous day. DEXE holds well above the 50-day EMA around $16.13 and the 200-day EMA near $10.67, approaching the June 3 high at $24.49.
The RSI near 60 suggests positive but not overstretched momentum even as the MACD line rises toward its signal line for a potential bullish crossover, hinting at a moderating bullish impulse rather than outright exhaustion.
Looking up, the next notable resistance aligns with the Fibonacci anchor near $24.49, where a sustained break higher would reopen the path toward fresh cycle highs. The 127.2% and 161.8% Fibonacci extension levels are at $31.40 and $43.08, respectively, serving as overhead barriers.
DEXE/USDT daily price chart.Looking down, initial support is seen at the 78.6% Fibonacci retracement at $20.14, followed by the 50% retracement at $15.50.
Celestia is up over 3% at press time on Tuesday, extending its 5% rebound from the 50-day EMA at $0.3738 the previous day. Momentum has improved as the RSI lifts toward 56 and the MACD and signal line rise into the positive territory, hinting that buyers retain the short-term initiative while price remains above the 50-day EMA.
On the topside, initial resistance is aligned at the 50% retracement of the downswing from $0.6257 to $0.2693, at $0.4104, ahead of a stronger supply barrier between $0.4596 and $0.4722.
TIA/USDT daily price chart.On the downside, immediate support is seen around the 50-day EMA at $0.3738. A break there would expose the 23.6% retracement at $0.3285, while only a deeper slide toward the $0.2693 swing low would undermine the emerging constructive tone.
(The technical analysis of this story was written with the help of an AI tool.)
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
In the artificial intelligence (AI) sector, the demand for high-performance computing resources, especially Graphic Processing Units (GPUs), is skyrocketing. This demand is shaping a new frontier for the Decentralized Physical Infrastructure (DePin) projects, which focus on decentralizing access to GPUs.
These platforms facilitate broader Web 3 adoption and offer a cost-effective alternative to traditional cloud services.
What Are Top GPU-Powerhouse DePin Projects?Operating through several key stages—data collection and processing, model training, fine-tuning, and model inference—these platforms support a wide range of AI applications. These applications include deep learning, autonomous driving, robotics, and other use cases.
Crypto researcher Layergg notes that DePin projects can provide GPU resources “over 4 times cheaper” than giants like Google Cloud and Amazon Web Services (AWS).
Layergg highlights six leading projects in this space.
Render (RNDR) boasts a fully diluted valuation (FDV) of $4.8 billion and over 1,000 GPUs. Io.net (IO) has over 22,000 GPUs and an FDV of $4.5 billion. Aethir (ATH) has a GPU capacity topping 40,000 and an FDV of $3.3 billion. Akash (AKT) has an FDV of $1.4 billion and 400 GPUs. Netmind (NMT) has 1,956 GPUs and a $1 billion FDV. Nosana (NOS) has an FDV of $360 million and 500 GPUs. Read more: Render Token (RNDR): A Guide to What It Is and How It Works
Comparison of DePin GPU Projects. Source: LayerggThe decentralized computing model provides a significant cost advantage, thus making it an attractive option for AI/ machine learning enterprises that struggle with the high costs of GPU resources. Consequently, there is an increased emphasis on computational power as the primary bottleneck to AI progress.
However, challenges such as transparency in GPU power claims have raised concerns. This points to a broader issue of credibility and accountability in the decentralized computing space.
“It’s CePIN.. not DePin if you really can’t prove your GPU count on-chain,” on-chain analyst Hitesh Malviya critiqued.
Despite these challenges, the potential for decentralized platforms to dominate the market remains high. Furthermore, another analyst, Prithvir believes that among the projects, Aethir, Akash, and io.net are best positioned. However, he notes that Akash, despite being a stalwart in the space, faces challenges in expanding its GPU capacity compared to its counterparts.
Read more: Which Are the Best Altcoins To Invest in June 2024?
In terms of market dynamics, IO and ATH are viewed as potential high performers.
“I believe that IO and ATH could both see massive runs. I think these could be similar trades to Celestia (TIA). $10 billion FDV could be a reasonable ceiling for IO and ATH. The upper limit would be $20 billion,” Prithvir said.
