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Binance’s Delisting Decision Sends 6 Altcoins Into Freefall

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Earliest signs of an altcoin season are emerging, analysts say.Many big cap coins have enjoyed triple digit gains.Past cycles offer a guide of what's to come.Forget Christmas. Altseason is upon us.

Altseason is a period when interest – and prices – surge for cryptocurrencies other than Bitcoin.

In the 2017 bull cycle, for instance, alternative cryptocurrencies multiplied in value thousands of times within a few short months, triggering a shower of riches for newly minted investors in the space.

Now, with the value of the OTHERS altcoin index soaring 76% since early November, to $334 billion, a new golden age appears to be dawning for Bitcoin’s offspring.

“It’s far from a nothingburger, we’re on the brink of a full-blown altseason,” Matthew Mena, head of US crypto research at 21.co, told DL News.

Dino coinsWhile sceptics may doubt altcoins are poised to soar for a sustained period of time, Mena said positive signs are already emerging.

This year, a number of “dino” coins from the 2017 era have already jumped triple digits.

XRP, the coin associated with Ripple, is up 177% in the past 30 days, and Dogecoin, the memecoin stalwart, climbed 140% in the same timeframe. Cardano, meanwhile, spiked 186% in the past month, according to CoinGecko.

Even Axie Infinity, the blockchain game play that’s long been out of favour, is delivering a 43% return to holders of AXS over the last 14 days.

“On top of that, laggards like Ethereum are breaking key resistance levels,” Mena said.

‘The usual crypto bro cycling out of Bitcoin and into alts will look differently.’

—  Christopher Inks, TexasWest CapitalOn Tuesday, the second most valuable cryptocurrency crossed the $3,600 mark for the first time since mid June. Many say a trip to $10,000 is just around the corner.

Alex Kruger, a macro analyst, agrees with Mena’s analysis, to a point.

Michael Saylor’s billion-dollar purchases of Bitcoin “gives oxygen to crypto natives to go gamble,” he told DL News.

Why won’t Bitcoin reach $100,000 already?

Bitcoin came as close as it ever has at topping $100,000...Bitcoin came as close as it ever has at topping $100,000 last Friday before falling back to five figures, leaving crypto investors...

That, in turn, is prompting seasoned retail investors to buy DINO coins even as newer entrants pile into memecoins.

Even so, Kruger doubts this altseason will feel like the 2017 bull run.

“Altseason a la 2017 is too much,” he said.

In any event, analysts are watching closely to see how the cycle pans out.

Juicy upsideAfter traders realise Bitcoin may not offer as much juicy upside, they “chase pumps” down the food chain, toggling from large caps to small caps, Mena said.

Unlike past cycles, this one features new forces that are reshaping the marketplace. Case in point: crypto ETFs, said Christopher Inks, CEO of trading firm TexasWest Capital.

“The usual crypto bro cycling out of Bitcoin and into alts will look differently,” he said.

That’s because ETF buyers, who have been in Pac-Man mode, aren’t rotating capital into alternative cryptocurrencies.

At the same time, Inks and Mena said investors may start focusing on specific sectors such as AI.

The intersection of digital assets and AI in offerings such as the bizarre memecoin GOAT is deeply crypto-native and making waves across Crypto Twitter, Mena said.

“AI and AI agents are two key sectors I’ve been keeping an eye on,” he said.

Pedro Solimano is a Markets Correspondent based in Buenos Aires. Got a tip? Email him at [email protected].

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Web3 Gaming Startup GFAL Raises $3.2M in Funding Round Led by Supercell and Mitch Lasky

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April 30, 2024

Web3 video games startup GFAL “Games for a Living” has raised $3.2 million in a seed funding round led by the Finnish mobile game development company Supercell Ltd and Mitch Lasky, a general partner at the Silicon Valley venture capital firm Benchmark.

This latest funding will be used by GFAL to expand its core team and speed up its production plans. The investment round builds on the $4.4 million in capital from token pre-sales that the company said it obtained in 2023 through GFAL’s token offering.

The team behind GFAL team includes team members who held positions at King Entertainment, Activision Blizzard, Electronic Arts, Netflix and Digital Chocolate. 

GFAL’s token, $GFAL, is currently sitting at a fully diluted valuation (FDV) of $254,717,017 after one of the most impressive token launches of 2023, said the firm.

Elemental Raiders Showing Growth Funding will go towards the launch of GFAL’s mobile game, “Elemental Raiders ” which soft-launched in March 2023.

Elemental Raiders has a growing community of players and is seeing a steady improvement in the performance and the metrics of the game, said the gaming firm.

 “I’ve been very impressed with the GFAL team’s design-centred approach to Web3 gaming, and I am delighted to join my friends Trip Hawkins and Ilkka Paananen [CEO of Supercell Ltd] in this financing round to support Elemental Raiders and other titles,” said VC Mitch Lasky in a press release. 

Web3 Gaming Growth 2024In 2024, web3 gaming is growing rapidly with the space attracting more VC investment. In 2023, it is estimated that the blockchain gaming-related rounds reached $1.7 billion which is a significant part of that has flowed to the 270 blockchain games in development on Immutable.

Recently King River Capital, blockchain gaming firm Immutable and Polygon Labs announced they had teamed up to launch a $100 million gaming fund.

Web3 gaming platform Elixir Games raised $14 million in a seed funding round from Square Enix, the Solana Foundation, Shima Capital, and others. The funding will be used by Elixir Games to launch its native token “$ELIX” and its “Launchpad & Incubation Program” which go live later this year.

Illuvium announced it had raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures.

Inter Milan fan token soars after Champions League win over Barcelona FC

The past month has been unusually difficult for crypto markets. Nearly all major assets have traded lower following the record liquidation event of October 11, which triggered a broad risk-off phase across the sector. Bitcoin has continued to slide since, pulling most correlated tokens down with it.

Yet in the same period, some assets have behaved differently. While the broader market moved as a single macro-driven block, a few tokens showed price dynamics that didn’t fit the usual pattern. One of the most notable examples comes from football, specifically, from the Arsenal Fan Token ($AFC). That divergence raises an interesting question: what drives Fan Token valuations when the rest of crypto is falling?

Fan Tokens Decouple From the Crypto Market The past month has been challenging for crypto markets, with almost every major asset trading in negative territory. The downturn began on October 11, when the largest crypto liquidation event on record erased more than $20 billion in open interest immediately after the U.S. announced a tariff hike on China. The shock accelerated selling across the market and triggered a sustained decline: since that point, Bitcoin has fallen a further ~15%, dragging down the majority of tokens that remain closely correlated to it.

Source: TradingView

However, not all tokens respond to market conditions in the same way. Fan Tokens exhibit behaviours that set them apart from typical crypto assets. Their price action is heavily influenced by major football events and periods of high engagement, often causing them to decouple from Bitcoin and the broader market cycle. When anticipation and excitement build around a club’s performance, Fan Tokens tend to move according to sporting momentum rather than macro sentiment.

A clear example is the Arsenal Fan Token ($AFC). From the market bottom on October 11, $AFC sharply diverged from crypto benchmarks, outperforming $BTC, $CHZ, and $TOTAL3 (total crypto market cap excluding $BTC and $ETH). Over just slightly more than a month, $AFC gained over 30%. For comparison, $CHZ, the broad benchmark for Fan Tokens, increased nearly 19%, already strong relative to the market backdrop. Meanwhile, $TOTAL3 and $BTC declined by -2.4% and -7.6% over the same period.

Source: TradingView

Arsenal Case Study: Sporting Momentum as a Pricing Catalyst The clearest driver behind this decorrelation was Arsenal’s extended run of 10 consecutive victories across the Premier League and Champions League between September 25 and November 11.

Source: Diretta.it

As illustrated in the match sequence chart, each numbered point corresponds to one of those wins. After the October 10 crypto crash, the winning streak became the dominant catalyst shaping $AFC price action. Rising confidence among fans, combined with traders positioning around the possibility of yet another win, likely sustained continuous buy pressure. This dynamic pushed $AFC not only to recover its losses from the broader market sell-off but to move decisively higher in the weeks that followed.

Source: TradingView.

Arsenal’s case is not an anomaly. Similar price behaviours have appeared across other major Fan Tokens when clubs entered high-stakes phases of competition.

A clear example is Tottenham’s run in the Europa League 2025. After the club secured victory in the quarter-final and expectations of reaching the final increased, $SPURS began to reprice sharply higher. Over the following month, the token fully decoupled from broader crypto trends, with its correlation to Bitcoin dropping rapidly. At its peak, $SPURS gained +83% compared to Bitcoin’s +13%, a significant relative outperformance driven almost entirely by football-specific catalysts rather than market conditions.

Source: TradingView

A similar pattern emerged with Paris Saint-Germain during the Champions League 2025 campaign. After PSG advanced to the semi-finals and the probability of reaching the final increased, $PSG repriced meaningfully higher. Like Tottenham, the token broke correlation with Bitcoin and the broader market, showing independent behaviour. At its peak, $PSG reached +40% against Bitcoin’s +17%, again reflecting sentiment tied to football performance rather than crypto beta.

Source: TradingView

These cases highlight a fundamental characteristic of Fan Tokens: their performance is directly linked to sporting momentum, expectations, and tournament stakes. As confidence around a club rises, traders increasingly treat Fan Tokens as a way to express expectations about future results. In practice, this makes them function as an alternative to binary prediction markets such as Polymarket or Kalshi, and as a more transparent, continuous alternative to traditional sportsbook markets, where odds are centrally controlled.

Fan Tokens as Prediction Assets  Unlike a sportsbook bet that locks users into a single outcome, Fan Tokens operate in a 24/7, liquid market where positions can be opened, closed, or scaled at any time. Investors are not betting on a single result, they are trading on momentum, probability, and belief. This shifts speculation from a one-off wager to an ongoing market-priced forecast.

Fan Tokens can also be used alongside prediction markets to exploit inefficiencies across related markets when expectations diverge. For example, if a club’s Fan Token begins pricing in higher confidence before odds adjust on a prediction platform, traders can act on that mismatch.

The rapid growth of on-chain prediction markets reinforces this dynamic. As more users become accustomed to speculating on sports outcomes, especially through platforms like Polymarket, that behaviour naturally extends to Fan Tokens, increasing liquidity, visibility, and demand across both ecosystems.

Source: Google Trends. Term: Polymarket.

A concrete way to observe the connection between Fan Tokens and prediction dynamics is by looking at the “English Premier League Winner” market on Polymarket, which settles in May 2026. Before October 2025, Manchester City was slightly favoured over Arsenal. However, as Arsenal entered its winning streak, the market rapidly repriced expectations: Arsenal’s implied probability rose from roughly 35% to 55%, while Manchester City dropped from around 45% to 30%.

Source: Polymarket

A similar repricing occurred in the Fan Token market over the same period. While Arsenal was outperforming on the pitch, $AFC appreciated more than 30%, whereas $CITY declined by over 5% across the same timeframe. 

This divergence created two distinct trading approaches. A trader expecting Arsenal’s strong form to continue could simply take a directional position by going long $AFC. However, a more risk-controlled approach would be to trade the relative performance between the two clubs, going long $AFC and short $CITY. In that case, the bet is not on the absolute movement of the token, but on Arsenal outperforming Manchester City on the field, with the market continuously adjusting that expectation in real time. This is also a key difference between Fan Tokens and traditional betting: investors can hedge, neutralise wider market volatility, and express views on sporting momentum rather than binary outcomes.

Source: TradingView

The parallel movements across both markets, prediction platforms and Fan Tokens, send a consistent signal: Fan Tokens are highly sensitive to sporting performance and collective belief around future outcomes. As confidence grows or fades, Fan Token prices adjust in real time, allowing traders to gain or reduce exposure to a club’s trajectory rather than to the broader crypto market.

Conclusion The recent performance of $AFC, and similar patterns observed across $SPURS and $PSG, shows that while Fan Tokens remain broadly correlated to the wider crypto market, they possess unique dynamics that can override that correlation during key sporting moments. Their pricing is still influenced by macro trends, but real-world outcomes, momentum, and fan expectations can trigger periods of decorrelation and independent price discovery. When anticipation builds around a club’s trajectory, Fan Tokens reflect that belief in real time, often regardless of market-wide sentiment. For traders and fans alike, these assets provide a liquid, transparent and continuous way to take a view on sporting outcomes rather than macro conditions.

As the prediction-asset narrative gains traction across crypto and on-chain prediction markets attract growing participation, Fan Tokens naturally sit at the intersection of these two trends. Their value does not depend on isolated event settlements, but on the dynamic repricing of probabilities as a season unfolds. If current behavioural patterns continue, Fan Tokens may emerge as one of the clearest real-world demonstrations of markets pricing expectations, and one of the most accessible on-chain entry points for speculating on sport.

FanTokens | Link

Polymarket | Link

Kalshi | Link

The cryptocurrency market has been in a downturn this week, with many digital assets facing continued price declines. Today is no different, with the global crypto market cap down by 2% over the past 24 hours. 

Amid this broader slump, certain altcoins are drawing attention—not for their gains but due to recent ecosystem developments.

Berachain (BERA)Berachain officially launched its “proof-of-liquidity” layer-1 blockchain on Thursday. The project also conducted its BERA token airdrop, which saw the distribution of coins worth around $1.17 billion to its community members. 

However, this airdrop was immediately followed by a surge in selloffs, which led to a decline in the coin’s value. BERA trades at $7.39 at press time, noting a 17% price dip in the past 24 hours. 

Notably, during that period, the coin’s trading volume surged by over 150,000%, reflecting the high selling pressure among BERA holders. A falling asset price alongside rising trading volume indicates strong selling pressure. It suggests that more traders are offloading the asset, putting downward pressure on its price.

If selloffs persist, BERA’s price could plummet to $5.36. Without sufficient bullish support at this level, the coin’s price could drop further to $3.89.

BERA Price Analysis. Source: TradingViewOn the other hand, if BERA’s accumulation rises again, its price could climb to $8.47.

Ondo (ONDO)RWA-based asset ONDO is another altcoin trending today. The major factor driving this is Ondo Finance’s Thursday announcement of its plans to start its layer-1 blockchain designed for tokenized real-world assets.

Following the announcement, World Liberty Financial—a decentralized finance (DeFi) platform backed by President Donald Trump—purchased 42,000 ONDO tokens for $470,000 USDC on the CoW Protocol.

However, despite these developments, ONDO’s performance has remained lackluster. It has shed 0.1% of its value over the past 24 hours. At press time, the altcoin trades at $1.40. 

If ONDO’s demand weakens further, it could extend its decline in the short term, causing its price to plummet to $1.23.

ONDO Price Analysis. Source: TradingViewHowever, a shift in market trends toward accumulation could drive ONDO’s value up to $1.57.

Notcoin (NOT)At press time, NOT trades at $0.0026. It has lost 40% of its value over the past week. In fact, on Monday, the altcoin plunged to a nine-month low of $0.0021 before rebounding slightly.

Its Elder-Ray Index confirms the poor demand for NOT among market participants. At press time, this is at -0.0019. This indicator measures an asset’s buying and selling pressure by comparing its price to its exponential moving average (EMA).

When the index is negative, it indicates that bears are in control, meaning selling pressure is dominant, and prices may continue to decline. If NOT’s decline continues, its price could revisit Monday’s multi-month low.

NOT Price Analysis. Source: TradingViewConversely, if buying activity resumes, it could drive NOT’s value to $0.0039.

Key NotesCOW has recorded a massive price rally amid reports of Upbit listing.COW trading will open with pairs tied to BTC and USDT pairs.Upbit remains a key market in South Korea despite regulatory strain. The price of COW COW $0.15 24h volatility: 4.6% Market cap: $84.70 M Vol. 24h: $4.50 M , the native digital asset of CoW Protocol, is up over 50% on the daily chart. This outstanding surge comes as South Korean exchange Upbit announced plans to list COW on its platform on February 25.

Upbit to List COW Today Upbit revealed its intent to list the COW token in a recent notice. According to the details, COW will go live on the Upbit platform at approximately 20:30 KST. Once the token goes live on Upbit, users can trade it on the Korean won, Bitcoin BTC $59 593 24h volatility: 4.3% Market cap: $1.19 T Vol. 24h: $38.28 B , and Tether’s USDT $1.00 24h volatility: 0.0% Market cap: $186.07 B Vol. 24h: $56.50 B markets.

Deposits for COW on Upbit will begin at 19:30 KST. However, certain order types will receive restrictions for some time after trading support begins. Notably, buy and limit orders for COW will be restricted for five minutes and one hour, respectively. On the other hand, sell order prices will maintain a 10% minimum less than the previous day’s closing price.

Meanwhile, Upbit’s announcement to list COW has helped to spark investors’ interest in the token, as indicated by the soaring prices within a few minutes of Upbit’s announcement.

COW increased by 50.6%, reaching a peak of $0.46. This surge is noticeable considering COW closed the previous day at around 418 Korean won or $0.29.

According to CoinMarketCap data, COW price was trading at $0.4961 as of this writing, up 54.4% in the last 24 hours. Amazingly, the daily trading volume rose over 2460% in the last 24 hours, indicating rising investors’ interest in COW.

The COW token is used for governance with the decentralized trading CoW Protocol. CoW primarily functions as an intent-based aggregator. It offers features like Remote Procedure Call solutions, maximum extractable value blockers, and Automated Market Makers.

Upbit Continues to Expand amid Regulatory Challenges Upbit, one of South Korea’s leading crypto exchanges, is a major force in the digital asset space. Upbit’s announcement to list COW comes just a few days after the exchange listed JTO on its platform. Like COW, Upbit’s decision to list JTO expanded the token’s accessibility to a broader audience. This contributed to its price increasing by over 30% at the time.

Following JTO’s inclusion on the platform, Upbit said it supports over 233 digital assets on its spot market. These include major cryptocurrencies like Bitcoin (BTC), Ethereum ETH $1 572 24h volatility: 5.1% Market cap: $189.79 B Vol. 24h: $13.03 B , and Solana SOL $66.03 24h volatility: 4.2% Market cap: $38.31 B Vol. 24h: $2.87 B . As a result, Upbit now controls over 80% of South Korea’s market share.

Despite Upbit’s rising prominence, the exchange faces regulatory challenges in South Korea. According to reports from Coinspeaker, South Korea’s Financial Intelligence Unit (FIU) recently hit the exchange with a partial business suspension.

The markets regulator accused Upbit of violating South Korean laws prohibiting exchanges from processing transactions involving unregistered crypto asset service providers (CASPs). Despite this regulatory challenge, according to CoinMarketCap data, Upbit remains the fifth largest crypto exchange by trading volume.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Whales Execute Over $10M in AAVE and GHO Transactions Across Ethereum Network

MANYU (MANYU) community members are hopeful that the token could replicate Shiba Inu’s success, following its recent sale by Ethereum co-founder Vitalik Buterin. 

Yesterday, the Ethereum co-founder sold several crypto assets he received from unsolicited donations from investors and project owners. Notably, the popular meme coin, MANYU, was among the tokens Buterin sold. 

Etherscan data shows that Buterin sold over 2 trillion MANYU tokens, worth roughly $39,484, on CoW Protocol. The sale came less than two months after he received the tokens from MANYU community members in unsolicited donations. 

Vitalik Buterin MANYU transactions Shiba Inu-Style Rally Incoming?  Buterin’s recent wallet activity, particularly his sale of MANYU, did not go unnoticed by enthusiasts of the token. Interestingly, most users see the sale as a bullish event that could drive MANYU’s value to greater heights. 

Some users referenced how Shiba Inu’s market cap reached billions of dollars after the Ethereum founder offloaded SHIB. Recall that the Shiba Inu’s pseudonymous founder Ryoshi gifted Buterin 50% of the token’s supply (500 trillion SHIB). The donation was part of a broader marketing strategy aimed at attracting investors’ attention to SHIB. 

Shortly after the donation, Buterin burned over 410 trillion SHIB and donated the rest to nonprofits supporting COVID-19 relief efforts. Although the transaction initially resulted in a sharp decline in SHIB’s price, it rebounded, eventually reaching an all-time high five months after Buterin offloaded the tokens. 

In a separate development, the price of the pygmy hippo-inspired meme coin, Moo Deng (MOODENG), also rallied significantly after Buterin sold 10 billion units of the token. Following his recent MANYU sale, X user Diana Sanchez suggested that whenever Buterin sells or disposes of a meme coin, the token eventually becomes legendary. 

Another user, Belen Franchese, speculated that history will definitely repeat itself with MANYU, implying that the token’s price would rally significantly, just like Shiba Inu and MOODENG did in the past. 

MANYU Soars Only 2.51% in 24 Hours  In the meantime, MANYU is currently up 2.51% over the past 24 hours and is currently trading at $0.00002117 per token. It ranks as the 8,974th cryptocurrency globally with a valuation of $21,170. 

Currently, MANYU has fallen 95.13% from its previous ATH of $0.0004344, recorded on February 18. While meme coins like Shiba Inu and MOODENG rallied significantly after Buterin offloaded them, it remains uncertain whether MANYU will follow the same trajectory. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Trump-Linked Crypto Firm WLFI Sells $5M in Bitcoin Amid Market Slide

A decentralized finance [DeFi] trader executed a massive swap, exchanging over $50 million in USDT for only about $36,000 in AAVE tokens.

On-chain data shows that the user attempted to purchase AAVE using 50,432,688 USDT through the Aave interface. 

The funds were withdrawn from Aave and routed through CoW Protocol. This on-chain liquidity aggregator executes trades across decentralized exchanges.

However, the transaction ultimately returned just about 327 AAVE, valued at roughly $36,297, indicating extremely high slippage.

Aave says user confirmed slippage warning Aave founder Stani Kulechov said the platform warned the trader about the unusually large order before the swap was executed.

According to Kulechov, the Aave interface flagged the trade as having extraordinary slippage. It required the user to explicitly acknowledge the risk before proceeding.

Source: X “The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage,” Kulechov wrote.

Because DeFi platforms are permissionless, transactions can still proceed once the user confirms the associated risks.

Kulechov noted that while such events occasionally occur in decentralized markets, the size of this particular transaction was far larger than typical trades, increasing the likelihood of extreme price impact.

CoW DAO says no exploit occurred Following the incident, CoW DAO, whose routing infrastructure facilitated the swap, said there is no indication of an exploit or malicious activity.

In a statement posted on X, the team said the transaction was executed in accordance with the parameters specified in the signed order.

“Based on what we’ve seen so far, there’s no indication of a protocol exploit or otherwise malicious behavior. The transaction executed according to the parameters of the signed order,” the team said.

CoW Protocol added that its interface, as well as the Aave interface used in the transaction, displayed clear price impact warnings for swaps of that magnitude.

The protocol said it is continuing to review the transaction and will share updates if additional details emerge.

Aave to refund $600K in fees Although the swap itself cannot be reversed, the Aave team said it plans to return approximately $600,000 in fees collected from the transaction.

Kulechov said the team is also attempting to contact the trader involved.

“We sympathize with the user and will try to make contact with the user,” he said.

The incident has also prompted discussion within the DeFi community about whether additional safeguards could help prevent similar outcomes in the future.

Final Summary A trader attempting to buy AAVE with $50 million USDT received only about $36,000 worth of tokens due to extreme slippage. Aave and CoW Protocol say the trade executed as signed and showed clear price impact warnings. At the same time, Aave plans to refund about $600,000 in fees collected from the transaction.

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%.

5 hours ago

A trader lost $50M after a swap faced 99% slippage on CoW Protocol. Despite warnings, the user confirmed the trade and received only about $36K. A crypto trader lost almost $50 million in a single transaction after executing a large token swap on the decentralized trading platform CoW Protocol in interaction with the assets linked to the Aave on the Ethereum Network.

What really happened Blockchain data shows that the trader tried to convert about $50.43 million worth of aEthUSDT into aEthAAVE tokens. Because the order was large, the swap was executed with more than 99% slippage. The trader received only 327 aEthAAVE tokens, which are worth around $36,000. 

Skippage was the main reason for this loss. This type of event occurs when a large trade changes the price of an asset while the transaction is being executed. In decentralized finance, trades are executed through liquidity pools. If a trader attempts to execute a very large order against a pool with limited liquidity, the price can shift dramatically.

Stani Kulechov says that the platform displayed several warnings before the trade was completed. He explained that the interface flagged the transaction as having extraordinary slippage risk due to its size. Kulechov said the platform’s trading systems functioned as intended and followed standard industry practices.

In decentralized finance, arbitrage bots constantly monitor blockchain transactions. When a large trade causes a sudden price imbalance, these bots immediately step in to profit from the difference. Aave said it plans to contact the affected user. The protocol intends to return about $600,000 in transaction fees generated from the trade. Even though the platform provided warnings, the user proceeded with the trade, resulting in one of the most dramatic single-transaction losses seen in decentralized finance.

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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%.

5 hours ago

Key NotesJelly My Jelly token saw a rapid market cap increase, reaching $230M in just two hours.The token was launched to support content creators within the Jelly app's ecosystem.The rise of Jelly token aligns with the growing "Internet Capital Markets" trend in Solana. The Jelly My Jelly token is gaining attention among crypto investors. Inspired by Venmo founder Sam Lessin, the token has experienced a rapid surge in value, reaching a market cap of $230 million within two hours and generating $500 million in trading volume.

A savvy investor, Mansa Musa, shared on X that he bought JELLYJELLY for $10,000 when its market cap was under $2 million. Its value has now grown to $1.32 million, resulting in an enormous profit for him. Similarly, a crypto commentator revealed that someone managed to turn $1,500 into $1 million in under three hours with JELLYJELLY today.

Someone flipped $1.5K into $1M in under 3 hours with $Jelly today.

These opportunities are out there—but do you know how to spot them? 👀 pic.twitter.com/io0OanxRxc

— ManLy (@ManLyNFT) January 30, 2025

However, Sam has claimed that he does not own any of the tokens, according to a post by IBC Group Official, founded by Mario Nawfal. He stated:

“Big moves from the Venmo founder: Jelly just launched, along with its own token, JELLYJELLY. The twist? He says he doesn’t own any of the token. Looks like a FaceTime-style app where convos get recorded and clipped for social – BUT you might need the token to even get in.”

According to a post shared by the Venmo founder on his X page, the token was launched to support creators on the Jelly app. The token will grant users access to the app and be integrated into the ecosystem, marking the launch as part of the token’s community-building efforts in the crypto market.

The coin is already gaining support from top exchanges, such as Bybit. The platform announced that it has listed the JELLYJELLYUSDT perpetual contract in the Innovation Zone, allowing users to enjoy 20X leverage. The token was launched on Solana’s pump.fun.

The Rise of Internet Capital Markets and the Future of Crypto Fundraising The token’s launch follows a new trend in the Solana ecosystem, where legitimate founders use Pump.Fun and similar platforms to raise capital for product development and marketing, rather than relying on traditional funding methods like VC rounds or IPOs.

The “Internet Capital Markets” trend—promoted by Solana—aims to use blockchain technology to make global finance more efficient, accessible, and cost-effective. According to a report by Multicoin Capital, Solana could disrupt traditional financial institutions with this approach.

Mario Nawfal wrote on X that the crypto space is being shaken up by Internet Capital Markets. He referenced the quick success of the Jelly My Jelly token, stating that the Venmo co-founder opted to use pump.fun instead of traditional fundraising methods. Nawfal also mentioned that this follows the recent launch of the $VINE token by the founder of Vine. He predicts that things are about to get even crazier in the crypto space, stating:

“Well, the co-founder of Venmo, Lessin, decided to launch a token rather than raise capital and used Pump Dot Fun to do so. This comes just days after the founder of Vine launched $VINE. Things are about to get crazier…”

Thus, Internet Capital Markets could lead to more token launches by recognized builders and even encourage startups and Product Hunt-type platforms to use token launches as an alternative to traditional financing.

Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games. 

Temitope Olatunji on X

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CAMDEN, Ark.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) broke ground on two additional facilities to support increased production capacity for the U.S. Army’s PAC-3® propulsion systems, further reinforcing the Department of War’s modernized Arsenal of Freedom and the nation’s ability to meet rising demands.

The additional buildings will be located on the company’s Arkansas Advanced Propulsion Facilities (AAPF) campus in Camden.

“We’re self‑funding these new facilities in Arkansas to move at the speed this mission requires,” said Christopher Kubasik, Chairman and CEO, L3Harris. “This expansion boosts our ability to deliver PAC‑3 propulsion faster and at greater quantities, while strengthening military readiness and providing proven capability our warfighters depend on.”

L3Harris produces the PAC-3 MSE interceptor’s advanced two-pulse solid rocket motor, Attitude Control Motors, and the Lethality Enhancer. The two new PAC-3 propulsion facilities include a ~75,000 square feet cast, cure and final assembly facility and a ~70,000 square feet case preparation facility. The facilities will incorporate several advanced manufacturing capabilities, including automated X-ray inspection systems leveraging AI for rapid defect detection, fully automated casting, and expanded curing capacity designed to accelerate production throughput.

L3Harris and Arkansas state leaders broke ground on the broader AAPF campus last year as part of an ongoing effort to build modernized solid rocket motor production facilities at key sites across the nation. The AAPF will specialize in the production of medium and large solid rocket motors supporting tactical and air defense missiles, missile defense targets, interceptors, hypersonic vehicles and emerging missile defense needs.

L3Harris is building approximately 60 facilities and expanding its manufacturing footprint by nearly 1 million square feet across the company’s production sites in Alabama, Arkansas and Virginia.

About L3Harris Technologies

L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of the words such as “expect,” “will” or similar expressions. In addition, statements about order values and system capabilities are forward-looking and involve risks and uncertainties. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including continued funding up to the full contract value and other risks set forth in the Company’s Annual Report on Form 10-K and other filings with the SEC. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

FARTCOIN Price Gains 30% as Market Cap Reclaims $1.2 Billion

Table of contents

The crypto sector is experiencing a bullish trend amid several positive developments. As per the data from Top 7 ICO, the cumulative market capitalization of the crypto market has touched $3.56T while Bitcoin ($BTC) price has jumped to the $104K mark. This underscores an increasing investor interest in the crypto realm.

https://twitter.com/top7ico/status/1884879694945825172

In addition to this, the Fear & Greed Index is also neutral, standing at 54. The overall optimistic market overview potentially suggests a gradual movement toward a likely upcoming bull run.

Bitcoin ($BTC) Reaches $104,944, Raising Dominance to 58.5% The data from the crypto analytics company Top 7 ICO, the crypto sector is witnessing an upward trajectory. Particularly, Bitcoin’s price has spiked to $104,944, denoting a 2.4% surge during the past twenty-four hours. Additionally, the overall $BTC dominance has reportedly increased by 58.5%, indicating a 1.8% jump. Simultaneously, the top crypto token’s market capitalization is $2.07T. On the other hand, Ethereum’s dominance has seen a slight downside. In this respect, the $ETH dominance stands at 10.8%, accounting for a 1.6% dip.

Ethereum ($ETH) and Solana ($SOL) See 1.12% and 1.74% Price Surge over 24 Hours Along with that, the well-known crypto assets have also seen gains over the recent twenty-four hours. Particularly, the price of Ethereum ($ETH) is $3.182, showing a 1.12% rise over the twenty-four hours. Additionally, the market capitalization of Ethereum ($ETH) is $383B. Ripple ($XRP) has emerged as another gainer with a 24-hour increase of 0.07%. While its price is $3.1, $XRP’s market cap accounts for $178B. Moreover, Tether ($USDT) and Solana ($SOL) have also recorded 0.05% and 1.74% gains as their prices touch $1 and $237 respectively.

24-Hour Spot Volume Records Staggering $130B after a 15.3% Rise According to Top 7 ICO’s data, the ratio between the Bitcoin ($BTC) season and altcoin season has reached 44/100 over the past week. Furthermore, Dar Network, Solana ($SOL), and Worldcoin ($WLD) are also launching significant events to increase adoption. These events include the Dalarnia Legends Beta project, linear unlock of up to $15.8M, and linear unlock of almost $9.41M respectively.

Apart from the crypto landscape’s spike to $3.56T in market cap, the spot volume has touched $130B over the last twenty-four hours. This shows an enormous 15.3% rise. Keeping this in view, all the respective developments are paving the way for a potentially massive bull market in the near term.

AUTHOR

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

Remittix Would Need To 250x To Flip Shiba Inu (SHIB) In Market Cap; Experts Believe It’s A Matter Of Time

Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

Part of the Team Since

Feb 2018

About Author

Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...

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Last updated: 

January 31, 2025

Liquidity in the cryptocurrency market has surged, with the total market capitalization of stablecoins recently surpassing $200 billion. This increase has historically preceded price rallies.

When the liquidity impulse grows, a rally usually follows.

USDT’s 30D market cap just turned positive (after contracting -2%), while USDC is surging 20%—its fastest pace in a year.

If stablecoin momentum continues, higher prices may be next. pic.twitter.com/fD8sQkKSKM

— CryptoQuant.com (@cryptoquant_com) January 30, 2025 According to data from CryptoQuant, stablecoin liquidity has increased since the U.S. presidential election, with major stablecoins like Tether’s USDT and Circle’s USDC leading the expansion.

Market Cap Hits Record High Amid Growing LiquidityThe total value of USD-denominated stablecoins reached an all-time high of $200 billion last week. Since then, it has grown further to $204 billion, representing an increase of $37 billion since November 4.

CryptoQuant reports that this surge in stablecoin liquidity reflects growing investor confidence, which has historically catalyzed crypto market upswings.

The expansion has been primarily driven by Tether’s USDT, the dominant stablecoin in the market. However, USDC, which had been losing market share, is now regaining traction.

A growing stablecoin supply often indicates increased buying power for traders, fueling demand for cryptocurrencies like Bitcoin and Ethereum.

Another key indicator of market liquidity, according to CryptoQuant, is the volume of stablecoins held on centralized exchanges.

The total value of USDT on these platforms has risen from $30.5 billion on November 4 to $43 billion, an increase of about 41% ($12.5 billion).

More stablecoins on exchanges show that traders have large amounts of capital on hand to deploy into crypto assets.

Such liquidity inflows have often preceded major price rallies, as traders convert stablecoins into volatile assets to seek gains.

USDT and USDC Lead the Stablecoin ExpansionStablecoin liquidity impulse, measured as the 30-day percentage change in market capitalization, has turned positive.

CryptoQuant analysts suggest this may signal an upward move in Bitcoin and the broader crypto market.

USDT’s liquidity impulse had been contracting by 2% at the beginning of 2024 but has now turned slightly positive, hinting at an uptick in crypto demand.

Meanwhile, USDC’s liquidity impulse has expanded by 20%, the fastest growth rate in at least a year.

Tether’s USDT remains the dominant player, with its market capitalization reaching $139 billion, increasing by $19 billion (15%) since November 4.

Meanwhile, USDC has experienced a strong comeback, increasing by $17 billion (48%) over the same period to reach a market cap of $52.5 billion.

The increase in liquidity and trading capital has historically coincided with crypto market rallies.

If past trends continue, an expanding stablecoin supply may contribute to increased market activity in Bitcoin and other digital assets.

Table of contents

Since November, the stablecoin market has grown by almost $40 billion. As a result, the total market valuations of broader stablecoins have climbed beyond $200 billion, according to data shared by OKX Ventures today.

https://twitter.com/OKX_Ventures/status/1885279172681212213

Stablecoins hit a $204 billion market cap As stated in the data, stablecoin liquidity has experienced an unparalleled increase, suggesting robust user demand and expanded capital influxes into the cryptocurrency market.

The data showed the total market cap of stablecoins has surged by $40 billion since November 2024. Consequently, the entire market cap of these assets has crossed $204 billion. This reflects a massive $40 billion rise since November 4, 2024, when Trump was elected as the US President.

Most growth was contributed by major stablecoins, Tether’s USDT and Circle’s USDC. Based on the data, USDC’s market cap has increased by 15% ($19 billion) since November to climb to an overall $139 billion. Meanwhile, USDC has witnessed a more tremendous rise, surging by 48% ($17 billion) over the same period to reach $52.5 billion.

The data pointed out that major stablecoins, especially USDT and USDC, function as crucial liquidity sources in the digital asset market. These stablecoins enable investment and trading through seamless fiat money accessibility without complexity or friction.

Impact of stablecoin liquidity on crypto prices Also, the data indicated that the influx of stablecoins into centralized exchanges (CEXs) has significantly strengthened investors’ optimism about Bitcoin.

Since November, the overall value of USDT on CEXs has increased to $43 billion from $30.5 billion, representing a 41% surge. Normally, increasing stablecoin inflows into exchanges signals expanded purchasing capacity, laying the foundation for Bitcoin prices to continue rising.

Historically, this increase in stablecoins inflows to trading platforms happens before Bitcoin and the wider cryptocurrency market see higher price trajectories.

As per the data, the growth of stablecoins inflows could signal a new wave of uptrend price movements in the digital asset market. This could fuel Bitcoin to surge by over 50% and the market cap of wider crypto markets to increase to $3.5 trillion from the current $2.2 trillion. In other words, the rebound of stablecoin liquidity could boost greater price rises of cryptocurrencies.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.