Humanity has struggled over the milenia to find harmony with our collective societies in which we have formed and depended upon. With this long and turbulent road to find balance with the ever-growing and ever-demanding requirements of the larger community, we have created socio-economic systems designed around various philosophies. Each of these various ideologies is designed to shape the way in which we view ourselves, each other, and the world around us to push us forward in various competing directions; sometimes resulting in conflicts and suffering on a grand scale. One of the oldest countries in the world has seen one of the 20th century’s worst ideological battles play out and resulted in the starvation of over 2 million people and decades of grueling economic setbacks which still play out today. Despite the massive devastation of years past, this nation’s newfound interest in cryptocurrency and mobile technology is helping to drive them head-first into the bleeding edge of 21st century economics and provide real hope for the less fortunate.
Cambodia is a country with a current population of over 15 million people and with human settlements dating as far back as 5000BC. Once a beacon of prosperity in the 50s, the scourge of communism led by Pol Pot of the Khmer Rogue regime throughout the mid to late 70s set the country’s economy back substantially with it’s failed transformation towards a self-sustaining farming model, free of modern technology and outside influence. Despite a major recovery just a few decades after the fall of communism in the late 90s, and Cambodia seeing an average annual growth rate of 7.7% between just 2011 and 2017[1] alone, around 1.5 million people still remain below the poverty line and around 11.7 million without access to life-changing banking services[2]. Further, another 1.5 million live just slightly above the poverty line; living on a mere $2.30 a day.
Today, the current Prime Minister, Hun Sen, has fully embraced modern capitalist principles and economic reforms. Despite the current effort, Cambodia still continues to struggle with it’s past, as most of the population depends on subsistence farming and lacks the skills and access to capital to expand the economy outside of current constraints. Surprisingly, Cambodians are adopting digital payment methods for transactions[3], and over half the population expects the country to go cashless by 2027[2], with a majority of the population expecting digital payment options to become ubiquitous throughout various stores nationwide [3]. With over 19 million SIM card subscriptions in Cambodia, nearly 50% of the population older than 15 owning a smartphone[4] and roughly a third of the population seeking contactless payments [3], the country (and South East Asian region) represents a huge opportunity for FinTech and blockchain projects.
Electroneum has just become the world’s first blockchain startup to strike up a landmark deal with a major mobile network operator to provide airtime and data top-ups; Cambodia’s very own Cellcard. As has been the case for all previous collaborations for Electroneum and it’s partners, this is a major win for all involved; establishing an important presence in the high-potential economies of the South East Asian region for Electroneum, and offering life-changing opportunities for many in those regions who embrace the crypto and it’s subsequent platform. Cellcard aims to provide affordable access to mobile data for all. With this brand new partnership, millions in Cambodia could earn up to $3 in ETN rewards through the Electroneum app, which is enough for a 21-day Cellcard prepaid plan which includes over 140 minutes and 2GB of data.
This agreement between Cellcard and the high-potency disruptor, Electroneum signals the beginning of a partnership targeting crypto adoption and further enabling a more prosperous South East Asian country, the sixth fastest-growing economy in the world. The mobile network operation’s mission is directly in line with Electroneum’s, with a singular focus to eradicate financial exclusion and provide the globally unbanked with an opportunity to access and contribute to the global digital economy. With just 24% of people in rural farming communities owning smartphones, 80% of smartphone users are under the age of 35. Despite unemployment in the country as low as 1.1%, over 90% are employed in informal sectors of the economy. This presents a unique opportunity for Electroneum’s AnyTask Global Freelance platform to enable these individuals to provide services and learn new skills.
With the start of thee 2020s, many economists, political scientists and market experts have charted this era as “the Asian Age.” It is predicted that the continent is ripe to become the next focal point of the economic world [5], and Cambodia could stand to be at the heart of this growth. The current government is quite embracing of blockchain technology and its central bank is currently experimenting with implementation of cross-border payments, remittances and retail payments[6]. The Cambodian remittances economy is on the rise by over 10% year over year. Remittances totaled nearly $1.5 billion in 2018 alone, compared to tourism, which brought in around $3.6 billion. This is a very good signal that blockchain startups like Electroneum stand to benefit from their ability to offer instant global transfers at a fraction of the cost of sending via near-obsolete money transfer firms like Western Union. With a massive embrace of blockchain and technology, and Electroneum’s strategic partnership with Cellcard, it is clear that Cambodia’s bright and advanced future is paved in Electroneum.
Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
Working for a living is simply the only option most of us have to sustain our lives and our lifestyles. For a large majority of the working class, the stability of a salaried 40-hour and 5-day work week is the ideal standard; enabling balance between job and life, also offering appealing benefits that keep workers happy and productive. Another large part of the global working class is the rapidly growing “gig economy.” The World Bank currently estimates this sector to comprise of anywhere from 85 to 150 million people globally and will grow to over 500 million individuals in the next 5 years¹. The mass adoption of and improved access to mobile/data networks, social networking apps and smartphones have given rise to various platforms that enable people from all walks of life to work as much or as little as they would like and control their destiny. And now in 2020, one crypto platform is evening the playing field by enabling people in the developing world with opportunities to market their skils and learn valuable new ones as well.
After many weeks of obsessive tweaking, planning and endless beta testing, the highly strategic Electroneum team have announced the soft launch of their in-app AnyTask platform. AnyTask empowers individuals globally who possess an internet connection and a smartphone an opportunity to sell their skills to anyone in exchange for Electroneum (ETN). The major advantages to the blockchain-powered AnyTask platform over their competition; the freelancer does not require a bank account and they get to keep all of their profit. The intention is to enable those without access to banking services, mostly in the developing world, to be empowered to sell their services to an otherwise inaccessible global market and without worry of losing profit to a middle man.
Electroneum’s launched the brand new AnyTask platform in early January. Electroneum CEO, Richard Ells has reported that his company already has over 80,000 individuals enrolled with the blockchain-based freelance service. Ells commented:
“Currently, there are over 700 live tasks, and nearly 100 have been purchased from buyers before we’ve even started running ads.”
For a platform that is still in its infancy and with marketing campaigns kicking off in March, Ells was confident to see substantial growth in the near future.
Keeping true to Electroneum’s mission to help the globally unbanked, AnyTask’s approach mirrors the “fair trade” model; one which incentivizes the purchase of products that enable farmers and farm workers to earn a fair wage for their labor. Similarly, AnyTask functions as a place to commission freelancers from all over the world responsibly, and ensure they are getting a chance to compete in a global marketplace and earn a fair and honest wage, whether they have a bank account or not. An additional incentive for buyers of services is the reduced costs when compared to other freelance platforms such as the notorious Fiverr app.
The AnyTask platform functions as you would imagine others of its kind to. The buyer of the task would use their credit or debit card and would be charged a 5% administrative fee on their purchase. The freelancer would be paid ETN in turn, fee-free. The ETN earned is held in the freelancer’s Electroneum wallet. From there, they have the option to HODL, spend it where accepted, top-up their mobile minutes/data, or just exchange into fiat currency or other cryptos as they wish.
AnyTask freelancers can sell a large range of services. Most of these offerings parallel those showcased by other freelance apps. Common service categories you will see are graphic design work, video production, recorded messages, arts and crafts, computer and mobile device repairs, writing, musical performances, mechanical repairs, cleaning, and many more. With the cost of service significantly less when compared to the competition matched with the ability to commission people who desperately need to earn a wage in a developing country, AnyTask is creating a true win-win scenario for customers and freelancers.
Electroneum has emphasized the security of payments on AnyTask, which are available for refund at any point prior to the final sign-off on freelance services. After the credit or debit card is processed, their partner service converts the fiat currency to ETN. This ensures a simple and seamless process across the transaction lifecycle. In the event of an order or dispute issue of any kind, 24/7 support is available to assist.
Electroneum’s mission is to unite the unbanked people from developing nations directly with the global marketplace via cryptocurrency, mobile phones, and labor opportunities. The next phase of their mission is unfolding quickly with the upcoming launch of their free online educational platform, TaskSchool. It will compliment the current ecosystem within the Electroneum app by providing enablement materials for people to learn new skills which can then be commissioned on the AnyTask app, further empowering people across the globe to share in a dream of achieving prosperity, and enriching their local and global communities. You can sign up to use AnyTask by downloading the Electroneum app from the Apple Store or Google Play Store.
Sources:
https://blogs.worldbank.org/developmenttalk/gig-economy-growth-pains Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
When someone reaches “rockstar status”, some would say they’ve officially “made it” once their music has syndicated across the mainstream and lyrics are known and recitable by a large majority of people globally. For a movie or television star, it would mean your face is recognized by the masses and your catchphrase is a part of popular culture. In the crypto and exchange space, the criteria for reaching that status is similar; become a household name within the crypto community. Currently, cryptocurrencies like Bitcoin, Ethereum, and Litecoin, and exchanges like Coinbase, Binance, and Kraken all come to mind. But just like musicians and actors make strategic moves that catapult themselves into stardom, so too do cryptocurrencies and crypto exchanges.
BiKi.com is a top-20 crypto exchange based out of Singapore. On February 18th, the exchange announced a partnership with Electroneum, as the cryptocurrency company expands its strategic global presence in Southeast Asia. Biki CEO, Ethan Ng said:
“ETN is a very internationally-established project, and we are very honoured they have chosen to list with us… as listing is just the beginning of our journey together, we look forward to growing with them, promoting their token brand name to our 2 million registered users, and launching a joint ETN giveaway campaign to celebrate this partnership.”
Outside of simply listing ETN, BiKi provides value via heightened marketing directly to their customers. This brand exposure enables greater awareness of Electronem’s mission and underlying technology; a huge win for that team. The top Asian digital asset exchange also includes in-app crypto news across various outlets. Further recognition is spread via BiKi’s 200,000+ WeChat user community. Further, the exchange also assembles a crypto project’s local community base from the ground up and assigns top-tier influences in the crypto space with 100K-1M+ followers across social media who actively trade cryptocurrency and serve as a given project’s designated community ambassador; stimulating interest and awareness where it is needed most.
Today, the ETN/USDT trading pair goes live for deposit on BiKi. Trading will officially open on February 25th at 18:00 GMT +8, and withdrawals the following day at noon GMT +8. As part of the go-live of the Electroneum listing on BiKi, 6 million ETN will be given away. For patrons depositing ETN immediately upon listing, they will be entered in a one-million ETN giveaway contest. For those who participate in trading of Electroneum, they will be entered into a five-million ETN giveaway.
Electroneum CEO, Richard Ells went on record saying he and his team are:
“very excited about listing on BiKi as it will increase the exposure of Electroneum to new users in Asia… BiKi is the fastest growing exchange in the world, and we are one of the fastest-growing cryptocurrencies… The team behind [BiKi] has an incredible pedigree, and they have taken it on a rocket ship trajectory of growth. We have seen a huge interest in Electroneum in Asia, and we are excited for ETN to be listed for trading on this innovative exchange.”
Electroneum officially launched in 2015 and since, has undergone many rounds of research and development to craft a real-world crypto ecosystem. ETN is the first cryptocurrency to comply with KYC/AML regulations, and the first to introduce a QR code-based instant payment system with a suite of e-commerce and API tools to enable integration. They are the first crypto to work directly with a major mobile network operator (MNO), and the first to partner with global non-governmental organizations (NGOs) to be validators on its proprietary blockchain. Electroneum aims to empower the unbanked, and be eco friendly. It is the largest ICO by participation, and is community-driven.
BiKi is a global crypto exchange that has been ranked amongst the top 20 according to CoinMarketCap (currently #9). The exchange provides traders more than 150 cryptocurrencies with over 280 trading pairs available. They focus on providing a safe, stable and effective cryptocurrency trading platform. 100% of BiKi’s transaction fees reused to buy back and burn BiKi’s native token; BIKI. Since open its doors in August of 2018, the exchange is seen as one of the fastest growing globally and received investments from Huobi, Genesis Capital, FBG Capital, ChainUP and many more with a total investment of over 10 million USD.
By Q4 2020, the Asian digital asset exchange plans to open it’s public financial blockchain, which CEO Ng says will be a central part of the future for financial institutions in the blockchain space. BiKi aims to continue adding value for its customers via providing more financial services and products that will cater to the ever-growing defi economy. This includes novel means to trade on the BiKi platform. They are also looking to get licensing as part of the Payment Services Act by Singapore’s Monetary Authority, which will allow them to become a diversified exchange with the potential of becoming the financial epicenter of the blockchain industry.
To put it into rockstar terms, BiKi and Electroneum are just playing their first gigs at the town pub on a weeknight. Or to put it into moviestar terms, they’ve just starred in their first off-broadway show. The two talented and innovative teams have entered a trajectory together as two of the fastest-growing crypto-basted projects in this space. Their commitment to support each other in their mission to enable adoption of cryptocurrency around the world and trigger a massive financial revolution has potential to enable global financial inclusion for all and make the two companies globally recognized household names.
Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
What does success look like to you? How do you measure your own success? Is it your character? Perhaps it is your job title, degree, or salary? We all look at and measure this differently as individuals. For Bitcoin and many altcoins, success is typically measured in the form of market dominance and current price valuation. While these measurements are critical for any cryptocurrency in the long-term, the Electroneum team are playing a different game and reaping the early fruits of their labor in wildly different ways.
Electroneum recently celebrated its second year in operation. In those two years, they have survived a very difficult crypto winter and learned some valuable lessons that have shaped the direction of the crypto and platform all together. With their mission to empower the globally unbaked and help end poverty, Electroneum has worked closely with mobile carriers and non-governmental organizations (NGOs) as they have rolled out initiatives in Brazil, Turkey, Nigeria, and most recently in Cambodia. As the team looks forward in making further moves towards global adoption via the utilization of their ETN rewards program, mobile top-up program, and the brand new in-app global freelance platform, AnyTask, knowing the numbers is critical.
Visits By CountryAccording to Alexa.com, one of the world’s leading analytics sites, Electroneum’s site saw the most site traffic generated (as of February 10th) from the three countries it has been working the closest with to empower the unbanked. Brazil had over 49,000 visitors, Turkey over 42,000 visitors, and Nigeria almost 28,000 visitors.120,000+ visitors in the past month in these critical markets is an impressive number when considering how few people in these nations have access to reliable internet and how new the Electroneum campaigns are in these locations. Clearly there is interest among individuals in these nations to learn about and use Electroneum.
App Rankings In Turkey And Nigeria
SimilarWeb was used to visualize mobile app usage over a 90-day span for app measurement. Some interesting insights were extracted for Electroneum users in Turkey and Nigeria. In Turkey, Electroneum’s iOS app ranking on February 10th was #72 in finance, with an all-time high of #40 in November. Considering the fact that Tukey is a nation of 80+ Million citizens, this is quite a feat for the crypto startup.
Nigeria’s Electroneum downloads were also substantial since going live with their mobile top-up campaign in the African nation a few months ago. At its peak on January 20th, the iOS app ranked #55 in finance. On February 1st, the Android app was #51. Both iOS and Android apps also showed an uptrend in ranking as awareness of Electroneum spreads.
Android Downloads in Brazil
Brazil was the first country Electroneum established it’s mobile top-ups program in, enabling individuals who use the Electroneum app to earn ETN rewards (free crypto) and using it towards mobile data or voice. The app saw a 43% increase in downloads from January to February. This translates to over 45,000 downloads in a 30 day span. What is also significant is the sharp uptrend of downloads from previous months, signaling growing interest in the cryptocurrency platform.
Global Android App RankingAnother interesting finding was discovered in the global android ranking under the finance category. The figures indicate the banked and unbanked world alike are interested in Electroneum. The highest ranking globally at #12 came from Greece; a country with recent and significant financial crises. The second highest ranking was in Cambodia where Electroneum freshly launched their mobile top-up program last month. Turkey and Nigeria were both on the top-10 list, reflecting that the efforts of the Electroneum campaign’s mission.
What do these figures all mean for Electroneum? It is still very early to extrapolate any meaning towards the end-game for this crypto startup, however, it is easy to see there is clear global interest. Specifically, there is interest and measurable activity in the countries that Electroneum has focused partnerships in, as well as countries outside of their current campaign scope. While much of the crypto market is living one day at a time by measuring their success by the market capitalization and dominance, Electroneum is busy playing the long game by focusing on their mission to help unbaked people globally by coming up with novel ways to empower these individuals. In 2020, Electroneum continues to roll out exciting and game-changing initiatives globally that are only just beginning to have an impact on those who need it. With most of the year still ahead of us, there are sure to be more exciting announcements under way as Electroneum unfolds its global campaign to balance the playing field and enable the unbanked.
Marcus Henry is an American Journalist with over 11 years working in the tech industry. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, writes perspective pieces and reflections, and conducts interviews with industry professionals and community members. Follow Marcus Henry on Twitter- @MarcusHenryHODL
Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of my content as such. I do not recommend the purchase, sale, or holding of any cryptocurrency or other product and nothing I write about should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please do your own research and consult a certified financial professional before making any investment decision.
Electroneum’s global freelance platform AnyTask has added 109 languages to enable users to interact and work with others regardless of language or location.
AnyTask is a blockchain-based platform that aims to “empower the unbanked” and connect them to the worldwide digital economy.
It has also frozen fees for buyers and sellers of freelance tasks as it attempts to build a base of customers who may be working from home during the coronavirus pandemic.
“Our team of developers has added an integrated translation system onto the AnyTask website, making communication possible in 109 languages spoken by nearly 6 billion people around the world,” said Electroneum CEO and Founder, Richard Ells. “No other freelance platform has this function.”
Learn how Electroneum and @anytaskofficial came together to build the fairest freelance platform in the world! https://t.co/klVbwFoatv #AnyTask #crypto #freelance
— electroneum (@electroneum) March 27, 2020
“By allowing buyers to purchase digital services in all the top spoken languages around the world at prices up to five times cheaper than on any other platform, whilst empowering a new, eager workforce, we are disrupting an already disruptive industry,” he added.
AnyTask soft launched on 13th February and has since attracted 175,800 users to the site, with 73,000 of them being sellers.
“We have developed tons of software over the past two years aimed at helping the unbanked and those living in poverty in developing countries via AnyTask,” Ells continued.
“AnyTask is the fairest freelance platform in the industry because it does not charge sellers of tasks any commissions.”
For more news, guides and cryptocurrency analysis, click here.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.
The Electroneum Hackathon 2025 awarded $52,500 in their native ETN token to decentralised application (dApp) developers who successfully demonstrated brilliant technical execution of their projects.
The winners stood out thanks to their exceptional design quality, user experience, and scalability, among other key attributes.
The goal of the Electroneum Hackathon, sponsored by Ankr, was to drive the creation of innovative, scalable, and functional dApps built on Electroneum’s Layer 1, EVM-compatible blockchain, which features 5-second single-block finality, low transaction costs, and high throughput.
The Top Three Projects Awarded Over 20000 USD in Prizes The Grand Prize of $10,000 went to the ElectroSwap team, a decentralised exchange (DEX) built on Electroneum’s newly launched EVM-chain. With 5-second transaction finality, Electroneum stands among the top five fastest blockchains in the world.
On X, Electroneum said that “the hackathon judges were thoroughly impressed with ElectroSwap_Dex’s commitment to security and risk management.” They also congratulated them for “leading the next generation of dApps built on Electroneum with a focus on innovation.”
ElectroSwap facilitates innovations such as locked liquidity, and its smart contracts have passed multiple security audits. The Electroneum-based DEX also boasts excellent transparency, as transactions and other market movements are traceable in real-time.
In second place, Decent Token creator Oguname Precious, also known as Nippy Sky, was inspired by the growing demand for simple and accessible tools for developers navigating the complexities of building ERC-20 tokens. Nippy’s simplification caught the judges’ eye, winning him and his project $7,500 in ETN.
Oguname said his dApp “allows users to create ERC-20 tokens effortlessly. All they need to do is define the token name, symbol, and total supply, and the Decent Token Creator does all the rest, adhering, of course, to the ERC-20 standard.”
Tanisq Gupta won 3rd place and the accompanying $5,000 award. Gupta’s AuditFi leverages Mistral AI’s large language model for a thorough and meticulous analysis of smart contract security.
Gupta describes AuditFi as next-generation smart contract security that, thanks to AI, delivers instant on-chain reports with optimal accuracy and reliability.
The Honourable Mention Awards The Electroneum Hackathon judges’ panel, which included blockchain experts from Electroneum, Ankr, AnyTask, NetworkUmbria, and VictusGlobal, also awarded four $2,500 Honourable Mentions.
Gupta, who finished in 3rd place with AuditFi, also participated with ProtectedPay, an advanced DeFi platform for secure transactions, group payments, and smart savings across multiple blockchains. One feature worth mentioning is its escrow-like protection, which ensures that funds remain secure until claimed by the recipient.
Ticket City by Isiaq A. Tajudeen and Anagha Madeleine also received one of the four honourable mentions. Their blockchain-based project aims to disrupt the event management industry by offering security, transparency, and efficiency.
“By leveraging Electroneum’s infrastructure and their ETN token, Ticket City can provide a seamless experience for event creation, ticket distribution, and attendance verification,” said Tajudeen.
ElectroPlay and ETN Buddy were also awarded prizes. Shahen Ox and Shahil A, creators of ElectroPlay, said their project aims to create a sustainable gaming platform that bridges web3 projects with engaging gameplay. They said their game is a state-of-the-art competitive game.
ETN Buddy is the first memecoin with utility in ETN. Its ecosystem includes a game under continuous development and a utility NFT with exclusive benefits and reward multipliers.
ETN Buddy is also the mascot of Buddy Battles, a platform developed by Lopez Onchain and GR 333. “It’s a new gameplay system that allows users to participate with any token, among other features.”
Electroneum has been a leader in the mobile payments crypto sector since its launch in 2017, and with its recent EVM-compatibility and smart contract integration, the project promises to continue driving innovation across the web3 space.
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.
Energy-efficient blockchain platform Electroneum has entered into a strategic partnership with international environmental organization One Ocean Foundation, which specializes in marine ecosystem restoration. Company representatives announced this on October 8.
Under the collaboration, Electroneum’s blockchain technology will be used to create a transparent donation system and track the foundation’s environmental projects. The partnership aims to increase transparency and accountability in conservation initiatives.
One Ocean Foundation works on ocean protection and restoration together with partners such as Pirelli, Giorgio Armani, and the Rolex Perpetual Planet Initiative. The organization’s key projects include Blue Forest and Canyon of Caprera.
Through blockchain integration, donors will be able to track fund allocation in real time and see exactly how their contributions are being used in marine ecosystem conservation projects. The technology will also enable the tokenization of sustainable practices, allowing companies and individuals to verify their environmental commitments.
Electroneum is a Layer 1 blockchain platform with low energy consumption. According to the company, the platform consumes less energy than Proof of Stake-based networks. Previously, the company created the world’s first blockchain smartphone and attracted millions of users worldwide. The platform is now undergoing a relaunch called Electroneum 2.0, offering developers low transaction fees. The company also operates the AnyTask.com platform, which provides freelancers from developing countries access to the international labor market.
The significance of the partnership is confirmed by the joint project’s nomination for Premio Aretè 2025 — Award of Excellence, a prestigious award in corporate social responsibility and innovation. The winner will be announced on October 10, and project details will be presented on October 28 in Milan.
“We chose to partner with Electroneum because it is one of the most energy-efficient and environmentally friendly blockchains in the world, – commented Jan Pachner, Secretary General of One Ocean Foundation. – With this partnership, we aim to show that technology and ocean protection can go hand in hand, opening innovative ways to engage audiences beyond our traditional community”.
“We’ve worked hard to become the greenest blockchain solution in the world while remaining one of the fastest, – noted Richard Ells, CEO of Electroneum. – We are excited to work with them on verifiable donation channels where supporters can see exactly how funds are allocated to ocean projects. This will clearly demonstrate the power of blockchain to ensure transparency and veracity”.
AUTHOR
Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.
Bitcoin Cash [BCH] has been trading within a range for just over two years. Since April 2024, the once-prominent altcoin has been constrained to within the $272-$684 range.
This range is massive in both time and size, giving swing traders many more opportunities to enter the market with conviction than lower timeframe ranges might.
A month ago, AMBCrypto reported that BCH was likely to continue its downtrend after revisiting the $480-$500 magnetic zone of short liquidations.
This expectation has come to pass. The $460 short-term support zone, once ceded to the sellers, quickly gave way to a 25.16% Bitcoin Cash drop from $465 (bearish retest) to $348.3.
Has the bearish impulse move ended, or should traders expect further losses?
Technical indicators suggest an overextended market Source: BCH/USDT on TradingView The biggest sign that the impulse move downward might be over was the high-volume slide to $348, followed by a lower-timeframe bounce.
The large downward candlewick on Monday, the 18th of May, told a story of an overextended price move.
The RSI was at 26, within the oversold territory, while the Stochastic RSI appeared to form a bullish crossover. Together, they signaled a potential short-term bounce.
The Fibonacci retracement levels (cyan) were plotted using this impulse bearish move. A bounce to $418 is likely, though it can extend as high as $459 and the $489 swing high.
Therefore, traders can look to utilize a bounce to these levels to look for shorting opportunities. It must be noted that a retest of the key Fibonacci levels is not an automatic sell signal.
An internal structural shift on the lower timeframe price chart, such as the 1-hour, can be used to increase the odds of a successful trade.
It is also possible that BCH bears will not allow a sizeable bounce. Depending on the wider market sentiment in the coming days, a bounce might struggle to clear the $400 area before falling to make new lows.
Traders should avoid FOMO and have clear rules to follow before entering. Rather than buying the bounce, swing traders might find a more feasible opportunity in selling the bounce.
Final Summary The Bitcoin Cash rejection at $465 resulted in a 25% price slide that reached a swing low of $348. The current bounce is just a relief rally, and the trend continues to favor the sellers.
Australia’s corporate watchdog has warned that fake crypto platforms pushed through WhatsApp-style “trading groups” are targeting young investors with fabricated profits, fake order books and invented withdrawal fees.
Summary
ASIC says scammers are posing as “star traders” in messaging groups and steering users to fake crypto sites where deposits go straight to criminals. The regulator says young Australians are especially exposed, with 23% of people aged 18 to 28 already holding crypto and 41% reporting direct online crypto pitches. ASIC is also warning about “recovery” scams that hit victims a second time, while urging users to verify firms through AUSTRAC before sending funds. The Australian Securities and Investments Commission has issued a fresh scam alert over fraudulent crypto trading platforms promoted through WhatsApp and other messaging apps, saying the sites display fake trades and fake profits while sending victims’ money directly to scammers. In the warning published May 24, ASIC said the platforms “show profits and trades, but in fact, there is no real trading, and the site contains fake data,” adding that “any money deposited into these platforms goes straight to the scammers.”
The hook is simple and ugly. Fraudsters join or create “share trading” and “stock tips” groups, impersonate successful traders or recognizable market personalities, then funnel users to sham crypto venues that look legitimate until investors try to withdraw, at which point they are told to pay fabricated “fees to release assets or proceeds.” ASIC said those fees also “go straight to the scammers and no assets are released.”
Young Australians appear to be the preferred prey. ASIC said survey data tied to the alert shows 23% of Australians aged 18 to 28 already own crypto, 72% of Gen Z have seen crypto advertising on social media, and 41% say they have been directly pitched crypto investments online, a combination that makes them unusually reachable through the same channels scammers use to manufacture trust and urgency.
ICYMI: Australia’s ASIC has warned about a rise in crypto scams targeting young investors through social media and WhatsApp groups.
• Scammers are using fake trading apps and fake profit screenshots.
• Victims are added to “investment” group chats with fake experts.
• Users… pic.twitter.com/TrXlF2atUg
— The Crypto Times (@CryptoTimes_io) May 26, 2026 Scam mechanics are getting smarter ASIC’s warning matters because this is not a crude email fraud from 2012; it is a polished social-engineering pipeline built around app-based intimacy, fake dashboards and psychological pressure. The regulator told users to “STOP” before acting on investment advice seen on social media or in messaging groups, to “CHECK” whether a firm is licensed and whether a crypto business appears on AUSTRAC’s virtual asset service provider register, and to “PROTECT” themselves by contacting their bank immediately if money or personal data has already been sent.
That advice follows a broader pattern in Australia’s crypto scam crackdown. In a previous crypto.news report, the Australian Federal Police said Australians lost more than $122 million to crypto investment scams in the prior 12 months, with people under 50 accounting for 60% of cases. The same article noted that ASIC had coordinated the takedown of more than 7,300 phishing and scam sites since July 2023, including 615 crypto investment scams and 5,530 fake investment platforms.
The secondary fraud is even more cynical. ASIC warned that so-called fund recovery services are targeting people who were already scammed once, effectively selling false hope to victims who are desperate to retrieve lost money. European regulators have described the same tactic as “recovery room” fraud, where scammers contact prior victims and offer bogus recovery help for another fee.
Crypto still has a trust problem The uncomfortable point for the industry is that scams like this keep flourishing because crypto remains an ideal wrapper for fraud: fast settlement, global reach, weak user due diligence and a retail audience trained to chase asymmetric upside. In another crypto.news story, Coinbase warned that Gen Z users are increasingly exposed to fake websites, social media scams and recovery schemes, underlining how age and digital fluency do not automatically protect people from sophisticated fraud.
There is also nothing uniquely Australian about the playbook. A previous crypto.news article described Indian police shutting down a fake platform promoted on WhatsApp and Telegram that allegedly stole more than $90,000, while New Zealand’s FMA has issued similar warnings about fake crypto investment platforms spread through social media.
ASIC’s most useful instruction is the least glamorous one: verify before sending money. AUSTRAC says any business providing virtual asset services in Australia must be registered, and that operating such services without registration is illegal, which means the register is not a magic shield but it is still a basic filter for obvious fraud. For a sector that keeps promising mass adoption, that is the embarrassing reality: too many new users still meet crypto first through a scam.
The crypto market extended its decline as BCH, SHIB, and PEPE traded among the biggest monthly discounts. Total market value fell 1.24% to $2.46 trillion, while Bitcoin dropped 1.41% to $72k. The persistent outflow of U.S. spot Bitcoin ETFs pressed several Crypto Market Coins.
BCH Price Extends Losses After Breaking $300 Bitcoin Cash traded lower after heavy selling pushed the token below the key $300 support level. The coin fell 5.78% in 24 hours to $288.27, extending its monthly decline to 35%. BCH is now displaying one of the highest monthly discounts in crypto Market Coins.
The trading volume increased by 83.67 to a high of 220.48 million, indicating more market activity in the breakdown. In case BCH town has more than $285, short term consolidation can subsequently be effected.
Source: Tradingview Nonetheless, a decisive failure below that may reveal $275 as the second support level. Any recovery above 300 can be an early relief among the traders noting the momentum.
SHIB Price Drops 15% Monthly as Market Weakens Shiba Inu price dropped by 1.06% in 24 hours to $0.00000543, after the presentation was weak in the broader crypto market. The token is also 15% down over the last month, a following of pressure on meme coins.
The most recent action seems to be a part of a bigger risk-off action as Bitcoin and major altcoins were lower. SHIB has burned 787,927 tokens in the past 24 and total burned supply is 41.08%.
Source: SHIB burn data SHIB might stabilize at roughly 0.0000054 in case Bitcoin is at about $72,000 or higher. Nevertheless, a more significant weakness can drive the price to the $0.000005 support.
PEPE Price Faces Pressure After 15% Monthly Loss Pepe price fell 1.98% in 24 hours to $0.00000336, extending its monthly decline to 15%. The fall put PEPE in the list of the top 4 crypto market coins with the highest monthly discounts. The most recent downside was the result of a wider crypto market crash, which strained meme coins and other risky assets.
The trading volume increased by a factor of 58.63 with increased selling being experienced in the fall. In case of pressure PEPE can revisit the $0.00000328 support. But at the level of more than $0.00000334, it may indicate short-term stabilization as per the full PEPE forecast report.
In general, BCH, SHIB, and PEPE are experiencing some pressure with a weak market mood. These crypto market coins are currently trading at significant monthly discounts, and Bitcoin ETF outflows are still influencing short-term risk appetite in the altcoins and meme coins.
Bitcoin Cash cryptocurrency can be expected to fall to the next support level 200.00 (which started the sharp uptrend at the start of 2024).
Bitcoin Cash falls sharply Likely to fall to support level 200.00 Bitcoin Cash cryptocurrency recently broke sharply through the major support zone between the key support level 270.00 (which has been reversing the price from the middle of 2024, as can be seen from the weekly Bitcoin Cash chart below), support trendline of the weekly down channel from Janaury and the round support level 250.00 (former yearly low from the start of 2025). The breakout of this support zone accelerated active short-term impulse wave 3 – which belongs to the sharp downward impulse wave (3) from the start of this year – which started near the major resistance level 625.00.
Given the strength of the active impulse wave 3 and the bearish sentiment affecting crypto market at the moment, Bitcoin Cash cryptocurrency can be expected to fall to the next support level 200.00 (which started the sharp uptrend at the start of 2024).
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
About the Author: Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem. He covers token economics, L1/L2 infrastructure, DeFi protocols, wallets/custody, and the bridge between crypto and forex—broker technology, liquidity, and macro drivers. Karthik’s writing focuses on clear, practical frameworks that help professionals evaluate new products and on-chain innovation alongside FX market realities.
The broader crypto market has been in a downtrend since the fourth quarter of 2025, one that has extended into the present, with Bitcoin [BTC] trading around $67,000, below its yearly open.
Bitcoin Cash [BCH] follows a similar but harsher narrative. The asset has not only printed a new low; it has retraced all the way to its 2025 low as the bears take full control. At press time, BCH was closer to its all-time low than any possible path back to its all-time high.
The bears tightened their grip as BCH broke below the $271 multi-year support that had held the asset intact and forced rebounds on several earlier occasions.
Price has since slipped past its 2025 low of $249.4 as sell pressure engulfs the market. Data at press time shows volume up 114% to $513 million, with the volume profile pointing to sellers dominating for a three-day stretch.
Source: TradingView A candle close below the 2025 low would weaken BCH structurally and raise the likelihood of a deeper slide. The nearest target sits at the 2024 low of $209.9, and heavier selling could carry price further toward the $139.3 support zone.
A rebound at the 2025 low it just tagged is plausible on historical form, whether as the start of a reversal or a lower high before a fresh leg down.
Is BCH selling pressure increasing? The momentum indicators tracking this move back the bearish read, among them the Aroon Indicator.
The tool uses two lines to gauge an asset’s trend, the Aroon Up (orange) and the Aroon Down (blue). The Aroon Up above the Aroon Down points to a bullish trend; the reverse points to a bearish one, with the gap between them measuring the strength of each.
At the time of writing, the chart displayed a textbook bearish setup, with the Aroon Down at 100.00%, and the Aroon Up at 0%.
Source: TradingView The accumulation/distribution trend completed the picture by tracking volume distributed to the market over time. Notably, the data estimated the total distribution volume at 8.76 million BCH.
Distribution, though, has not fallen as steeply as price over the same stretch. That divergence, if it holds, raises the probability of a rebound at the current level.
Large holders are leading the BCH sell-off The whale-retail exchange delta, which tracks whether large holders or smaller retail traders are more active, shows whales leading the move.
Whale activity peaked on the 2nd of June, outpacing retail through the period. As long as the delta holds in the whale zone, large holders remain the dominant force behind the selling.
A cross to the red side of the chart would signal that retail has taken over the selling outright.
Source: CoinGlass Final Summary Bitcoin Cash has broken below its $271 multi-year support and slipped past its 2025 low of $249.4, opening the door to the 2024 low at $209.9 as bears take full control. The Aroon Indicator shows a textbook bearish setup with a full 100% gap, while the whale-retail delta points to large holders driving the sell-off.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
PANews reported on June 10 that, according to PRNewswire, the Chicago Mercantile Exchange (CME Group) has launched Nasdaq CME Crypto Index futures. These contracts are settled in cash at expiration based on the value of the Nasdaq CME Crypto Settlement Price Index, which tracks the performance of the largest and most actively traded cryptocurrencies by market capitalization. As of June 9, the index included Bitcoin, Bitcoin Cash, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
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8 minutes ago
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A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
8 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin Cash, Litecoin, and DOGEBALL enter focus as investors seek utility, transparency, and resilience amid market uncertainty.
Summary
A recent report highlighting investor losses after a crypto-related collapse has renewed focus on risk management and the importance of evaluating projects beyond market hype. DOGEBALL is being promoted as a Layer-2 blockchain ecosystem combining payments and gaming, with features such as crypto-to-fiat transfers, play-to-earn gaming, and a token-based transaction model. The project markets its presale using projected returns based on future listing prices. The crypto market is moving very fast. A recent NDTV report shared a big warning for everyone. It showed how President Donald Trump and his family made $500 million from a crypto deal right before AI Financial Corp crashed.
That sudden crash left normal investors with massive losses. This news teaches us a major lesson for those who are looking for the top crypto to buy now. Hype can disappear in one night. Because of this, smart buyers are moving away from risky coins. They are choosing tokens with real daily use, clear math, and true safety. This easy guide looks at the data behind Bitcoin Cash, Litecoin, and a new asset called DOGEBALL to help make a smart choice.
What is DOGEBALL? DOGEBALL is a highly useful crypto network. It is built on its own fast blockchain called DOGECHAIN, which is an Ethereum Layer 2 system. It mixes online gaming with global payments. These fields are known as GameFi and PayFi. Unlike tokens that rely only on hype, this project fixes real daily problems.
Its main service is called DOGEPAY. It lets users send crypto anywhere in the world, and the person getting it receives local cash straight into their bank account. It works with over 30 global currencies. The transactions take under a second, there are zero foreign exchange fees, and do not need slow banks or payment apps.
People are joining this project because it offers safety and high demand. The DOGEBALL token is the main fuel used to pay all network transaction fees. This setup creates constant buying pressure. The token also runs a play-to-earn gaming world with a $1,000,000 total prize pool. The top player can win up to $500,000 and cash out instantly into real money. The smart contract has a perfect 100% security audit score. This makes it a very stable and safe digital asset for your portfolio.
High yield math: Analyzing the DOGEBALL presale growth potential The DOGEBALL crypto presale 2026 is built to reward people who get in early. The project has already raised more than $302,000 from over 1,050 buyers. On Monday, May 11, 2026, the team permanently burned 4,000,000,000 tokens. That removed 20% of the presale supply to make the remaining tokens scarcer. The crypto presale has 22 stages in total. Each stage lasts a maximum of 7 days and ends every Monday at 21:00 UTC. When the stage ends, unsold tokens are burned and the price goes up.
Buying at the current Stage 7 price of $0.000845 gives investors a huge mathematical advantage. The token will launch on big crypto exchanges at $0.015.
Let us look at the basic return on investment (ROI) calculation:
Current Stage Price: $0.000845 Planned Launch Price: $0.015 Expected Launch Gain: 1,675.14% These gains can be grown even more by using the special bonus code DB30. This code gives a 30% bonus on tokens. For example, putting $1,000 into the project today gets around 1,183,431 tokens. By typing the code DB30, the total amount jumps to 1,538,460 tokens. When the token hits the exchange at the $0.015 launch price, the investment becomes worth $23,076. That is a total profit of 2,207.6%. Prices go up every single Monday at 21:00 UTC. This means today is the best chance to buy at this low price before the next weekly increase.
How to join the DOGEBALL presale right now Joining the presale is easy and takes less than five minutes. Follow these quick steps to get tokens before the price steps up:
Step 1: Get a Crypto Wallet
Download a free digital wallet like MetaMask or Trust Wallet on a phone or computer.
Step 2: Add funds to the Wallet
Buy or transfer Ethereum (ETH), USDT, or BNB into the new digital wallet.
Step 3: Link to the Website
Go to the official DOGEBALL website and link the wallet using the live presale widget.
Step 4: Use the Code and Buy
Type in how much to buy. Enter the code DB30 to get 30% extra tokens, and click confirm.
Bitcoin Cash: Stable performance with limited growth Bitcoin Cash is a well-known coin used for daily payments, but its fast growth has slowed down. According to the latest price prediction data from CoinCodex, Bitcoin Cash is in a flat trend. Its long-term moving average has been pointing downward since late May 2026. This shows that the market is hitting a wall.
The coin faces tough resistance around the $540 to $550 price levels. CoinCodex charts show that the token is expected to trade between $439.79 and $642.10 over the coming months. It is still a safe network for sending decentralized payments. However, its chance for massive short-term gains is very small. It cannot scale microtransactions as fast as newer Layer 2 systems.
Litecoin: Slow recovery in a quiet market Litecoin is often called the silver to Bitcoin’s gold, but it is dealing with short-term price drops. CoinCodex market data shows that Litecoin recently fell from 14,408.40 PKR down to 11,819.97 PKR. That is a quick 17.96% drop in value in early June 2026. The network is now working to find a steady price floor.
Market experts state that Litecoin’s relative strength index is sitting in a completely neutral zone. This means that while the coin is safe from huge crashes, it does not have the momentum to spike upward quickly. It lacks built-in features like automatic crypto-to-bank cash-outs. This makes it less exciting for buyers who want large returns.
Conclusion: Finding the top crypto to buy now For those who want the top crypto to buy now, they should avoid overhyped projects that can crash. Legacy networks like Bitcoin Cash and Litecoin are safe, but they offer small, slow returns. The DOGEBALL presale gives a clear and transparent entry point at just $0.000845 today. Because the exchange launch price is locked at $0.015, early buyers can lock in large predictable gains before public trading opens. Do not wait and miss out on this rate. Use the code DB30 right now to claim a 30% token bonus before the price jumps this Monday at 21:00 UTC.
For more information, visit the official website, Telegram, and X.
FAQs for top crypto to buy now What is the best crypto to invest in right now? DOGEBALL is an excellent choice because it pairs a low-priced crypto presale with massive real utility. Its Layer 2 system runs an app that sends crypto straight to global bank accounts as fiat cash, creating constant market demand.
Which crypto has 1000x potential? Early presale coins with real utility have the best upside. Buying DOGEBALL at $0.000845 before its $0.015 exchange debut gives a strong head start. Regular weekly supply burns keep cutting down the total token numbers to drive value.
Which crypto has the most potential? Tokens that fix real financial problems hold the most potential. DOGEBALL removes expensive middlemen and cuts global wire fees to zero. This operational use attracts real businesses and users, giving it an advantage over hype coins.
What is the best way to double $1000? Putting money into the DOGEBALL presale is a highly efficient move. Entering the presale at today’s low price and applying the bonus code DB30 instantly increases the token count by 30% for a much higher launch value.
Which coin has the best future? Coins built on specialized, high-speed blockchains have the strongest future. DOGEBALL runs on a custom Ethereum Layer 2 called DOGECHAIN. This setup means near-zero gas fees and instant speeds, making it perfect for long-term global growth.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
The crypto market is facing a difficult period. Bitcoin Cash price has fallen by more than 25% over the past week, while Ethereum price today continues holding near a critical support area that could trigger deeper losses if it fails.
Heavy selling activity is weighing on both assets, and neither currently offers strong confidence to market participants. As uncertainty grows, many are increasingly asking the same question: what crypto to buy now?
BlockDAG (BDAG) presents a different approach. Through its active Legacy Sale, BDAG is available for only $0.00000044 per coin and is supported by a buyback program offering $0.03 per coin. Alongside this, the ecosystem continues expanding through its casino platform, growing miner deployment, and additional utility developments. During a volatile market, this structured setup is gaining significant attention.
Bitcoin Cash Price Continues to Raise Concerns Recent performance in the Bitcoin Cash price has been among its weakest in a long time. BCH lost approximately $82 during the past week and now trades near $223. This places it well below its major weekly moving averages, including the MA-20 at $447, MA-50 at $515, and even the MA-200 at $338.
Most major technical indicators continue showing weakness. RSI, Stochastic RSI, CCI, MACD, and the Awesome Oscillator all point toward downward momentum. While BCH currently sits in oversold territory, that alone does not guarantee an immediate recovery.
For the coming week, analysts expect Bitcoin Cash price to remain within a range of roughly $220 to $230. Even if prices move toward the upper end of that range, upside remains limited. Anyone asking what crypto to buy now may struggle to find a strong short-term argument for BCH. Large buyers have not yet returned, overhead resistance remains strong, and the broader structure still favors sellers.
Ethereum Price Today Faces a Critical Test Pressure continues building around Ethereum price today after the asset dropped 6.67% in the last 24 hours to approximately $1,654. Two major factors are driving the decline.
Institutional demand has weakened considerably. U.S. spot Ethereum ETFs have now recorded outflows for 17 consecutive sessions, with the latest withdrawal reaching $53 million. This marks the longest outflow streak since these products launched. At the same time, long-term buyers reduced accumulation activity by nearly 80% within just two days.
Another major factor came from liquidations. Nearly $400 million worth of leveraged ETH long positions were wiped out over a 24-hour period, creating additional selling pressure and accelerating the decline.
The RSI currently sits near 12.17, showing deeply oversold conditions. If ETH successfully holds above $1,714, a recovery toward $1,893 remains possible. However, a breakdown could push the asset toward $1,550. For those wondering what crypto to buy now, Ethereum may require patience before stronger signals emerge.
BlockDAG’s Buyback Structure Creates a Different Opportunity While much of the crypto market continues struggling, the question of what crypto to buy now becomes less about avoiding losses and more about finding a clearly defined opportunity. This is where BlockDAG is drawing significant attention. Its Legacy Sale and buyback structure are creating a setup that differs greatly from many other projects currently available.
The Legacy Sale is now active with BDAG priced at only $0.00000044 per coin. Eligible participants can register their holdings through the dashboard and access the buyback program, which offers $0.03 per BDAG.
Current participants can register directly through the dashboard for the buyback program. Legacy Sale users benefit from uncapped daily sell limits, while existing holders also have access through BDAG Swap at 30% below market value. Those existing holders can submit up to 250 million BDAG per wallet each day at $0.00025 per coin through the dedicated buyback route.
Beyond the buyback model, the ecosystem continues expanding. The casino platform is growing, mining activity continues increasing, and new integrations remain under development. For anyone seriously evaluating what crypto to buy now, many see this as a limited window before participation levels increase further.
Final Thoughts Both Bitcoin Cash price and Ethereum price today continue reflecting a market facing heavy pressure. Selling activity remains strong, recovery attempts remain uncertain, and confidence across major assets continues to be tested.
This environment explains why many people searching for what crypto to buy now are paying closer attention to BlockDAG. While BCH and ETH may require extended patience and could face additional downside, BlockDAG offers a structured model through its buyback program and Legacy Sale.
The ecosystem continues expanding through casino growth, miner deployment, and increasing participation. With the Legacy Sale available at $0.00000044, a buyback value of $0.03, and a separate $0.00025 route for existing holders, the opportunity is attracting significant attention. For those seeking clarity during uncertain market conditions, what crypto to buy now is increasingly becoming a question that leads many directly toward BlockDAG.
Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
PANews reported on June 16th that, according to SoSoValue data, most sectors in the crypto market rose, with the PayFi sector performing particularly well, up 4.03% in the last 24 hours. Specifically, Stellar (XLM) rose 13.54%, and Bitcoin Cash (BCH) rose 6.45%. Meanwhile, Bitcoin (BTC) rose 1.16%, breaking through $66,000; Ethereum (ETH) rose 4.48%, breaking through $1,700.
In other sectors, the DeFi sector rose 2.48% in the last 24 hours, with Uniswap (UNI) up 10.72%; the Layer 1 sector rose 1.26%, with Zcash (ZEC) up 8.46%; the Layer 2 sector rose 0.80%, with Celestia (TIA) up 6.91%; and the CeFi sector rose 0.45%, with MX (MX) up 3.12%.
In addition, the Meme sector fell 0.44%, but SPX6900 (SPX) rose 7.57%; the AI sector fell 0.52%, while Worldcoin (WLD) remained relatively strong, rising 6.13%; the NFT sector fell again by 13.12%, and within the sector, Audiera (BEAT) fell 24.25%.
Bitcoin Cash [BCH], despite a strong run this year, could face another major decline that drives the asset toward $100, according to new on-chain insight.
Data across the spot and perpetual markets point to building selling pressure, with key indicators flashing the risk of a deeper move lower.
Bitcoin Cash faces a possible 50% decline The Aloha on-chain signal, an indicator that has marked the tops and bottoms of asset prices on multiple occasions, shows that neither target has been met for BCH so far.
At press time, data from Alphractal places BCH in the middle of that range, between its top and bottom. Joao Wedson, senior analyst and founder of Alphractal, said he would not be surprised by a further BCH drop despite the asset’s record.
“Even with this impressive track record, I would not be surprised if BCH still falls further.”
Source: Alphractal If a drop materializes, the signal indicates the price would likely find a floor near $100—the level that typically marks its bottom—roughly 50% below where it trades now.
Wedson added that nothing guarantees the decline, noting that “no market ever gives certainty.” However, AMBCrypto reviewed the wider spot and derivatives data to gauge how that move could play out.
BCH whales place large orders but lean short CryptoQuant data shows near-neutral sentiment across BCH’s spot and perpetual markets, though two indicators stand out and point to a rising risk of a bearish move. The average whale order size shows large holders firmly in control, averaging 229.96 BCH, about $44,688 at press time.
That control raises concern because the market’s funding rate has flipped to a negative 0.0028%, suggesting most perpetual-market capital sits in short positions.
Source: CryptoQuant The spot cumulative volume delta tells a similar story, with selling volume outpacing buying. The spot CVD shows taker sellers dominating the market, a trend that has held for weeks alongside BCH’s decline.
If the metric stays in that bearish direction, it would weigh on price and could extend BCH’s losses well below current levels, though it does not confirm a fall to $100.
BCH decouples from Bitcoin BCH has broken away from Bitcoin, with the 20-day correlation coefficient sliding to 0.24 after holding near 1.0 through much of May and early June.
That reading marks a weak positive link rather than the near-lockstep movement of prior weeks; the two assets have largely stopped trading in tandem, though they are not yet moving inversely.
Source: TradingView The breakdown matters because BCH has fallen hard, dropping from above $600 late last year to around $200. If the de-correlation holds while Bitcoin trades sideways or rallies, BCH could extend its slide on its own, or the relationship could snap back.
For now, the prospect of a short-term BCH decline remains in place, leaving the asset exposed to further downside.
Final Summary Analysts say Bitcoin Cash could lose roughly half its value, sliding from around $200 toward the $100 mark, though no one is calling that drop a certainty. BCH has started moving on its own rather than shadowing Bitcoin, which means its next move may not follow the broader market in either direction.
The migration comes just months after Cosmos announced it’s stepping back from efforts to turn the Cosmos Hub into a smart contract platform as TVL declines.
NilChain, a privacy-focused blockchain built with the Cosmos SDK by Nillion, is winding down operations on Cosmos as part of broader shifts across the interoperability-focused ecosystem.
In an X announcement on Feb. 17, the team said the network will halt operations on March 23, urging holders of the NIL token to migrate their assets to Ethereum before the shutdown.
NilChain was designed as a network for secure computation. But the chain has seemingly not been able to reach broad usage inside the Cosmos ecosystem.
Leaving Cosmos, however, doesn’t mark an end to Nillion itself, as the company plans to continue operating on Ethereum. Amid the news, nilChain’s native token NIL briefly jumped over 10% on the day to $0.06 and is currently trading around $0.053, per data from CoinGecko.
It remains unclear why the team decided to migrate away from Cosmos. The Nillion team declined to comment on the record by press time.
NilChain may not be widely known compared with larger Layer 1 or Layer 2 networks, but Nillion has raised sizable funding. In December 2022, the company closed a roughly $20 million seed round led by Distributed Global, with participation from GSR Markets and HashKey.
It raised another $25 million in October 2024 in a round led by Hack VC, with backing from the Arbitrum Foundation, Worldcoin, Sei, HashKey Capital, and Animoca Brands.
Exodus from CosmosThe move comes as Cosmos itself reassesses its direction. In July 2025, the Cosmos Hub scrapped plans to add native smart contract support, citing high costs and weak developer demand. Teams that had planned to deploy applications on the Hub were encouraged to build on other Cosmos-based chains instead.
That shift forced a reset for many teams and coincided with a wave of departures. Since mid-2025, several projects have announced exits or wind-downs across the Cosmos ecosystem.
The stablecoin-focused project Noble said earlier in January of this year it would leave Cosmos to launch its own EVM-compatible L1, saying the team wants to “meet users and developers where they already are.” Others have taken different paths with chains like Pryzm and Quasar announcing shutdowns or significant changes.
Some have publicly said they are leaving Cosmos after years of struggling with liquidity, user distribution, and developer traction following the collapse of Terra in 2022. Others, including infrastructure providers, argue the ecosystem still makes sense for teams focused on interoperability rather than consumer DeFi.
TVL, app revenue and fees on Cosmos Hub. Source: DefiLlamaThe Cosmos Hub itself has also seen declining activity. Data from DefiLlama shows total value locked on the network falling from about $2.65 million to roughly $131,000 earlier this month, the lowest level on record.
Network fees have also dropped sharply. By January, fees reached an all-time low of around $218,000, with only four of the 11 protocols deployed on the Cosmos Hub generating any revenue.
ATOM, the native token of Cosmos Hub, is down about 4% over the past 24 hours, though it rallied over 18% in the past week, per CoinGecko.
Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.
ATOM selling pressure persistsSantiment’s Social Dominance metric for Cosmos Hub supports a bearish outlook. The index measures the share of ATOM-related discussions across the cryptocurrency media. It has been in a downward trend since mid-January, falling again in February to 0.416% on Wednesday. This fall indicates fading market interest and weakening sentiment among ATOM investors.
ATOM Social Dominance chart. Source: SantimentOn the derivatives side, ATOM’s negative funding rates further project bearish sentiment. The metric turns negative on Wednesday and stands at -0.0147%, nearing levels seen on Sunday, when ATOM prices dropped sharply the next day. The negative ratio suggests that shorts are paying longs, suggesting bearish sentiment toward Cosmos Hub.
Cosmos Hub funding rates chart. Source: CoinglassIn addition, ATOM’s long-to-short ratio stood at 0.92 on Wednesday and has been above 1 only once this month, signaling that traders are reluctant to add long positions. This ratio below 1 indicates bearish sentiment as traders are betting on the Cosmos Hub price to fall.
ATOM long-to-short ratio chart. Source: CoinglassCosmos Hub Price Forecast: ATOM bears cap recoveryATOM is trading at $2.05 as of writing on Wednesday. The near-term tone turns cautiously bullish after the rebound from sub-$2.00 levels, though price still trades well below the 50- and 100-day Exponential Moving Averages (EMAs), which are clustered above $2.19 and $2.39 and cap the broader trend.
The Relative Strength Index (RSI) at 44 recovers from oversold territory and points higher, hinting at improving but not yet dominant buying pressure. The Moving Average Convergence Divergence (MACD) line has slipped marginally below the signal line and back toward the zero mark, while the histogram has contracted, tempering upside conviction and suggesting an emerging consolidation phase after the recent bounce.
Immediate support aligns at the 38.2% Fibonacci retracement of the $1.65–$2.70 advance at $2.05, where the current price is attempting to stabilize, followed by stronger support at the prior horizontal floor around $1.83.
A sustained hold above $2.05 would keep the corrective recovery in play and open the way toward initial resistance at the 50% retracement at $2.17, with the 61.8% retracement at $2.29 next and the horizontal resistance at $2.57 guarding the upper boundary of the range.
On the downside, a daily close below $2.05 would expose the 23.6% retracement at $1.90 and shift the focus back to the lower support band near $1.83.
(The technical analysis of this story was written with the help of an AI tool.)
Cosmos Hub (ATOM) steadies near $1.82 at the time of writing on Monday, following a 20% decline the previous week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable. In addition, risk-off sentiment persists, as the escalating military aggression in the Middle East over the weekend continues to weigh on the crypto market.
On-chain and derivatives data show bearish biasDefiLlama data shows that Cosmos Hub’s Total Value Locked (TVL) drops to $138,370 on Monday, and has been steadily declining since mid-January. Falling TVL signals weakening activity and waning user engagement in ATOM’s ecosystem, implying that fewer participants are depositing or interacting with ATOM-based protocols, which doesn’t bode well for its price.
ATOM TVL chart. Source: DefiLlamaDerivatives data for Cosmos Hub also support a bearish outlook. Coinglass’s OI-Weighted Funding Rate data shows that the number of traders betting that the price of ATOM will slide further is higher than those anticipating a price increase. The metric flipped to a negative rate on Thursday and stands at -0.127% on Monday, indicating shorts are paying longs and suggesting bearish sentiment toward ATOM.
Cosmos Hub funding rates chart. Source: CoinglassCosmos Hub Price Forecast: Bears in control of the momentumCosmos Hub is trading at $1.82 as of Monday. The near-term bias stays mildly bearish, as price holds below the 50- and 100-day Exponential Moving Averages (EMAs), which continue to trend lower and cap recovery attempts. ATOM also trades under the 23.6% Fibonacci retracement at $1.90, measured from $2.69 (January 14 high) to $1.65 (February 6 low), underscoring a failed attempt to sustain above this initial corrective resistance on Sunday.
Momentum remains weak, with the Relative Strength Index (RSI) on the daily chart at 36, indicating subdued buying interest, and the Moving Average Convergence Divergence (MACD) declining below its signal line and the zero mark, signaling persistent downside pressure.
Immediate resistance at $1.83 is reinforced by the abovementioned 23.6% Fibonacci retracement at $1.90, and a daily close above this band would be needed to ease selling pressure and open the way toward the 38.2% Fibonacci retracement at $2.05 and the 50-day EMA near $2.12.
On the downside, the $1.80 area acts as the first line of support ahead of the recent $1.65 swing low, where previous demand emerged.
A break below $1.65 would extend the dominant downtrend and expose lower levels, while only a sustained move back above $2.05 would start to neutralize the current bearish tone.
(The technical analysis of this story was written with the help of an AI tool.)
PANews reported on April 3 that the NFT project Intergaze announced on the X platform that it is gradually shutting down, and all users must withdraw their assets within 14 days. NFT holders' NFTs will be migrated to StargazeZone on Cosmos Hub in late May. Users need to register a Cosmos wallet before May 1 to be included in the migration.
Author: PA一线
This content is for market information only and is not investment advice.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
8 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
8 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
PANews reported on April 3rd that, according to an official announcement, the Cosmos ecosystem wallet Leap Wallet and its associated products, including Compass Wallet, Leap WebApp, and Swapfast, will be officially shut down on May 28, 2026. Users must complete asset migration before this date. Leap Wallet is a non-custodial wallet; user assets are stored on the blockchain and can be accessed again by restoring the mnemonic phrase and importing into other compatible wallets such as Keplr, MetaMask, Phantom, or Rabby. If users have delegated ATOM to Leap's Cosmos Hub validators, they should re-delegate to other validators to continue earning staking rewards.
TLDR: Leap Wallet will sunset all products, including extensions and mobile apps, on May 28, 2026, across iOS and Android. Users can migrate safely using their recovery phrase, as Leap is non-custodial and assets remain on the blockchain at all times. ATOM delegators staking with Leap’s Cosmos Hub validator must redelegate early due to network unbonding period delays. After the May 28 deadline, all installed Leap apps will stop functioning, though fund recovery via recovery phrase remains fully possible. Leap Wallet has officially announced that it will discontinue all its products on May 28, 2026. The crypto wallet provider has been active since 2022, serving users across more than 100 blockchain networks.
The shutdown covers extensions, mobile apps, and several associated services. Users are advised to begin migrating their assets to other supported wallets ahead of the deadline.
All core wallet functions will remain available until that date to allow a smooth transition.
Products Scheduled for Discontinuation After the May Deadline The shutdown affects a broad range of products tied to the Leap ecosystem. These include Leap Wallet browser extensions and mobile versions on iOS and Android.
Compass Wallet, the Leap WebApp, and the Swapfast service are also on the list. Leap Cosmos Hub Validator and Leap Cosmos Snaps will be discontinued as well.
The team behind Leap shared the news through an official tweet. They noted the wallet was launched to change what crypto wallet experiences could offer users.
Since launch, it expanded to support over 100 chains across multiple ecosystems. The post also reflected the care and responsibility the team felt toward its user base.
In the announcement tweet, the team wrote that the decision to shut down was not made lightly. They added that they continue to believe in the long-term future of the crypto space.
Leap Wallet: Sunset Notice
After careful consideration, we've made the decision to sunset Leap Wallet and its associated products.
The products will be sunset on 28th May, 2026, and all users should complete their migration before then.
We started Leap in 2022 to redefine what…
— Leap Wallet | Sunset on 28th May (@leap_wallet) April 2, 2026
They also extended appreciation to partners and users who supported the product over the years. The message was direct, measured, and absent of any bitterness or blame.
Until May 28, 2026, all listed products will retain their existing core functionality. Users can still view balances, send tokens, and manage their staking positions.
Exporting recovery phrases and private keys will also remain available throughout this period. No core feature will be removed before the official sunset date arrives.
What Users Must Do Before the Shutdown Date Users holding assets in Leap Wallet are encouraged to move to another wallet provider. The team recommended Keplr, MetaMask, Phantom, and Rabby as compatible alternatives.
Since Leap is a non-custodial wallet, assets are held on the blockchain and not within the app. This means migration does not require any complex transfer of funds between addresses.
Any user with a recovery phrase can import it directly into another supported wallet. That process will restore all addresses and balances automatically across compatible chains.
No manual transfers are necessary for this to work correctly. Starting early reduces the risk of delays or missed steps before the deadline.
Those who delegated ATOM to Leap’s Cosmos Hub validator must also take a separate action. They need to redelegate to another validator to keep earning staking rewards.
Network unbonding periods can stretch over several days, so acting promptly matters. A detailed migration guide with full instructions is available at leapwallet.io.
After May 28, 2026, all Leap products will stop functioning, including already-installed apps. Users who miss the deadline can still recover their funds using their recovery phrase.
Importing it into any compatible wallet will restore full access to holdings. Migration support remains available at [email protected] until the shutdown date.
Cosmos Hub (ATOM) price extends its rally, trading above $2.10 at the time of writing on Wednesday, up over 8% so far this week. On-chain data shows a bullish bias, with ATOM’s trading volume surging to a three-month high. In addition, constructive technical analysis and growing optimism about Injective (INJ) and Cosmos Hub partnerships are boosting ATOM’s upside momentum.
Trading volume hits multi-month highsThe Cosmos Hub ecosystem’s trading volume (the aggregate trading volume generated by all exchange applications on the chain) reached $120.74 million on Wednesday, the highest level not seen since early February. This volume rise indicates a surge in traders’ interest and liquidity in ATOM, boosting its bullish outlook.
ATOM trading volume chart. Source: SantimentIn addition, CryptoQuant summary data suggests a neutral to slightly bullish outlook for ATOM. Spot markets show buy-side dominance, with mostly neutral conditions across other metrics, suggesting a potential upside move.
Cosmos Hub partners with InjectiveOn Monday, Cosmos Hub announced on its official X account that USDC, a stablecoin from Injective, will be available across its ecosystem soon.
“This integration solidifies long-term USDC support in the ecosystem via Injective for at least 4 years. The integration will be rolled out over the coming months,” said the Cosmos Hub X post.
Additionally, migration support will begin with the dYdX rollout, while Cross-Chain Transfer Protocol (CCTP) integration will enable one-signature transfers. The protocol fees generated from these transactions will also be used to buy back ATOM tokens programmatically.
This announcement is bullish for Cosmos Hub and its native token ATOM in the long term, as it strengthens liquidity, improves cross-chain interoperability, and introduces a potential long-term demand driver through the token buyback mechanism. In the short term, ATOM’s price has been rallying, gaining over 8% so far this week.
Cosmos Hub Price Forecast: ATOM bull aiming for the $2.34 markATOM price trades at $2.15 on Wednesday, up over 8% so far this week. ATOM holds above the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.903 and $1.97, keeping the near-term structure tilted higher as it pushes further away from the broken descending trend line, whose break price is near $1.74.
The Relative Strength Index (RSI) on the daily chart has surged into overbought territory around 75, and the Moving Average Convergence Divergence (MACD) line remains above zero with a positive spread versus its signal line, suggesting strong but potentially stretched bullish momentum as price approaches higher structural caps.
On the topside, initial resistance emerges at the 200-day EMA around $2.34, followed by the 38.2% Fibonacci retracement at roughly $2.39; a sustained break above this cluster would expose the 50% retracement near $2.63 and the 61.8% Fibonacci retracement level around $2.88.
On the downside, the 23.6% Fibonacci retracement at $2.09 acts as immediate support ahead of the 100-day EMA at $1.97 and the 50-day EMA near $1.90, with a more solid horizontal floor seen around $1.84; losing these layers would risk a deeper pullback toward the former trendline break area at $1.75 and the lower horizontal support near $1.65.
(The technical analysis of this story was written with the help of an AI tool.)
PANews reported on June 4th that, according to The Block, Cosmos Labs has acquired Mintscan, the blockchain explorer within the Cosmos ecosystem, and established a new subsidiary, Cosmos Labs Korea, in Seoul. This subsidiary will be responsible for the unified development of key infrastructure such as Mintscan, Skip:Go, IBC Eureka, and Cosmos Hub. Some Mintscan employees will join Cosmos Labs, while other businesses of the original parent company, Stamper, will remain unaffected.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
8 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
8 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
8 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
8 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
PANews, June 20 – The privacy-focused public chain project Namada has officially issued a statement confirming that a vulnerability exploit incident occurred. The project team has launched a comprehensive investigation and is coordinating with multiple security agencies to handle the situation.
The official statement indicated that if the operator behind this incident is a white-hat hacker, they are welcome to proactively contact the project team, cooperate in disclosing the vulnerability details, and work together on vulnerability remediation and risk mitigation.
On-chain monitoring data shows that ATOM assets related to this attack were transferred via an IBC cross-chain channel to an address on Cosmos Hub. The address received 228,517 ATOM on June 18, and the funds were fully transferred out within a few hours through multiple IBC transfer operations, leaving only a small balance in the wallet.
As of now, Namada has not yet publicly disclosed the cause of the vulnerability, the attack execution path, or the specific amount of asset losses caused by this attack. All related investigation efforts are still ongoing, and the complete investigation conclusions will be disclosed subsequently.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
8 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
8 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
8 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
@chainlink has unveiled Project Pangea, a cross-border foreign exchange initiative that draws together more than 50 financial institutions across Europe and South Korea in a bid to replace the traditional two-day currency settlement cycle with near-instant, blockchain-based transactions.
Who Is Involved and What They Are Building The coalition brings together Chainlink, FairSquareLab, UniKA (Unified Korea Alliance), whose steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab and OBDIA along with more than 10 participating Korean commercial banks, and Qivalis, a euro stablecoin consortium powered by 37 leading European banks. The banks collectively represent over $10 trillion in assets under management.
The initiative is designed to unlock the direct, atomic swap of regulated, fiat-referenced digital assets, including euro and Korean won stablecoins, by leveraging Chainlink's data, interoperability and orchestration standards alongside FairSquareLab's onchain FX settlement technology.
The project aims to move foreign exchange settlement from a traditional 48-hour (T+2) timeline toward near-instant (T+0) settlement using regulated euro- and South Korean won-pegged stablecoins. The initiative will evaluate whether the stablecoins can be exchanged through atomic payment-versus-payment (PvP) settlement, in which both sides of a currency trade settle simultaneously or not at all, thereby reducing counterparty and settlement risk.
How the Technology Works, and Why the Corridor Matters Rather than forcing legacy financial institutions to overhaul their systems, Project Pangea intends to act as a middleware translator. Banks will trigger transactions using Swift, and Chainlink's infrastructure will translate those commands into instant atomic swaps on a neutral, independent ledger called the Pangea L1 Network. This enables existing financial systems to connect to public and private blockchain networks using the same ISO 20022 messaging standards and infrastructure they have used for decades.
The initiative is focusing on the trade corridor between Europe and South Korea, an economic artery that processes over $150 billion in goods and services annually, making it one of the world's 15 largest trade routes. Chainlink's vice president for Asia-Pacific, Niki Ariyasinghe, said the goal is not a proof of concept. The target is live transactions within a legal, regulatory compliance framework within the next 12 months.
Qivalis, the Amsterdam-based euro stablecoin consortium, is led by former Coinbase Germany executive Jan-Oliver Sell and is anticipated to launch in the second half of 2026 as Europe's answer to dominant US dollar stablecoins. The global FX market processes over $9.6 trillion in daily trading volume, and yet the traditional banking system faces major bottlenecks due to existing market infrastructure and fragmented market structure. Project Pangea is positioned as a direct response to those inefficiencies.
Sources
Chainlink and Multinational Banking Consortia Launch Project Pangea (PR Newswire)
Chainlink Teams Up With 47 South Korean, European Banks (CoinDesk)
Chainlink, Korean and European Banks Launch Project Pangea (Crypto Briefing)
Chainlink has joined forces with banking organizations in Europe and South Korea to launch a new working group focused on investigating the use of stablecoins in foreign exchange (FX) settlement. This initiative underscores an increasing trend of testing blockchain-based infrastructures aimed at modernizing traditional financial systems.
Project Pangea brings together banks and blockchainAnnounced on Tuesday, Project Pangea unites Chainlink and South Korea-based digital asset infrastructure firm FairSquareLab with the Unified Korea Alliance (UniKA)—a consortium of more than a dozen South Korean commercial banks—and the Qivalis euro stablecoin consortium, which is backed by 37 European banks. The collaboration signals an expanding cross-border approach to blockchain adoption in institutional finance.
Under the project’s framework, the direct and atomic swap of euro- and won-denominated stablecoins will be explored. The partners plan to leverage Chainlink’s data infrastructure alongside FairSquareLab’s on-chain FX settlement technology to facilitate these seamless transactions.
Mini glossary: An atomic swap enables two digital assets to be exchanged simultaneously within a single transaction flow. The process settles only if both parties meet their conditions; otherwise, the transaction is void.
Project Pangea aims to bring together financial institutions from Europe and South Korea to assess how euro- and won-based stablecoins can be settled directly using atomic swaps.
Evaluation phase, not a live payment networkAt this stage, the initiative is established as a working group rather than an active payment network, with no official timeline for moving toward production. Still, Project Pangea stands out as the latest example of banks exploring how tokenized deposits and regulated stablecoin models could enhance cross-border payments and settlements.
According to the Bank for International Settlements, global FX markets see a daily trading volume of approximately $9.6 trillion. This scale highlights why financial institutions are prioritizing institutional-level settlement infrastructures for efficiency and security.
Similar moves and growth projectionsComparable initiatives are emerging in other regions as well. The fintech startup OpenFX recently secured $94 million in funding to expand its stablecoin-based payment network, initially targeting Southeast Asia and Latin America as key markets.
Global financial institutions are paying closer attention to stablecoin integration in response to clearer regulatory frameworks in the United States and Europe. Notably, the focus is on wholesale infrastructure and institutional payments rather than retail or consumer transactions, reflecting an evolution in stablecoin use cases.
Citigroup forecasts rapid expansionRipple CEO Brad Garlinghouse recently described a pivotal moment for stablecoins, noting that financial entities are actively exploring how to integrate this technology into their operations.
Brad Garlinghouse observed that the industry has entered a critical phase as more financial institutions evaluate strategies for adopting stablecoins within their operational models.
Citigroup projects that the global stablecoin market could rise from its current level of around $315 billion to $1.9 trillion by 2030. The bank suggests that this projected growth could be driven by continued adoption in crypto markets, a gradual shift from physical US dollar banknotes to digital dollars, and the increasing use of stablecoins as short-term liquidity instruments—for both US dollar and local currency holdings. In Citigroup’s most optimistic scenario, the market could reach $4 trillion by 2030.
The expansion of initiatives like Project Pangea illustrates how collaboration between blockchain firms and major banking groups might transform the landscape of global payments and settlement. Banks’ focus on regulated, tokenized solutions marks a significant shift in how institutions address cross-border transaction challenges.
As global transaction volumes continue to rise, industry stakeholders are closely monitoring pilot projects and working groups that could set the stage for next-generation financial settlement infrastructure. The push toward blockchain-powered stablecoin settlement is expected to reshape the operational models of banks worldwide in the years ahead.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key HighlightsBanking Consortium Tests Direct EUR-KRW Digital Asset ExchangeChainlink Infrastructure Bridges Legacy Banking and Blockchain TechnologyFairSquareLab Develops Specialized Currency Exchange ProtocolFinancial Institutions Pursue Enhanced International Settlement Systems Chainlink collaborates with banking institutions to pilot stablecoin foreign exchange infrastructure.
Project Pangea focuses on direct euro and Korean won stablecoin exchanges.
Financial institutions test immediate T+0 settlement for international currency transfers.
FairSquareLab develops specialized blockchain-based FX settlement technology.
Chainlink bridges traditional Swift infrastructure with distributed ledger settlement networks.
A consortium of leading financial institutions has partnered with Chainlink to introduce Project Pangea, an innovative stablecoin foreign exchange settlement system connecting European and South Korean markets. The experimental platform will facilitate direct transactions between regulated digital versions of the euro and Korean won. This initiative seeks to accelerate international payment processing while reducing reliance on traditional intermediary currency channels.
Banking Consortium Tests Direct EUR-KRW Digital Asset Exchange Project Pangea unites banking organizations from Europe and South Korea through a cooperative task force framework. The technical and institutional partnership includes FairSquareLab, UniKA, Qivalis, and Chainlink as primary contributors. Qivalis operates a euro stablecoin alliance backed by 37 financial institutions across Europe.
UniKA coordinates South Korean participation and brings together more than ten commercial banking entities. The steering body features representation from Shinhan Bank, JB Bank, Kbank, FairSquareLab and OBDIA. These participants will evaluate enterprise-grade settlement mechanisms for digital euro and won assets.
The platform will enable synchronized Payment-versus-Payment exchanges between regulated digital currencies. This approach ensures simultaneous settlement of both transaction sides, eliminating sequential payment processing. The framework is designed to minimize counterparty exposure and enable real-time T+0 execution.
Chainlink Infrastructure Bridges Legacy Banking and Blockchain Technology Chainlink will deliver data feeds, cross-network compatibility, and transaction coordination for the settlement infrastructure. The technology stack will integrate established banking platforms with both public and permissioned blockchain architectures. Financial institutions can maintain ISO 20022 messaging protocols and current Swift connectivity.
Chainlink CCIP will facilitate euro stablecoin movement between originating networks and the Korean won settlement blockchain. This capability addresses liquidity fragmentation challenges across multiple distributed ledger environments. Chainlink Data Streams will provide real-time foreign exchange rate information to power the settlement mechanism.
The Chainlink Runtime Environment will convert traditional banking commands into executable blockchain operations. It will also synchronize activities between Swift messaging infrastructure and connected blockchain platforms. This architecture enables financial institutions to leverage onchain settlement while preserving established communication frameworks.
FairSquareLab Develops Specialized Currency Exchange Protocol FairSquareLab will contribute its blockchain-based foreign exchange settlement platform alongside the Pangea Layer 1 network. The liquidity mechanism relies on validated exchange rate data rather than algorithmic bonding curves. The system incorporates volume restrictions to prevent liquidity pool depletion.
The Pangea network will house the core foreign exchange settlement smart contract on independent infrastructure. The protocol prioritizes oracle price feed processing ahead of other transactions in each block cycle. This sequencing ensures swap operations utilize current market rates during execution.
The comprehensive framework encompasses banking integration, connectivity middleware, and settlement execution layers. Chainlink handles the connectivity components, while Pangea smart contracts manage settlement across supported blockchains. Compatible networks may encompass Ethereum, Polygon, and the purpose-built Pangea blockchain.
Financial Institutions Pursue Enhanced International Settlement Systems The worldwide foreign exchange marketplace handles approximately $9.6 trillion in daily transaction volume. Current infrastructure frequently requires financial institutions to route through bridge currencies and execute multiple settlement stages. These procedures can extend processing timelines and increase working capital requirements.
Project Pangea currently functions as an experimental collaboration rather than an operational payment system. The participating organizations have not disclosed a commercial launch timeline or complete rollout plan. The initiative represents another institutional exploration of stablecoins within professional financial infrastructure.
Banking and corporate sectors have intensified stablecoin research as regulatory structures mature across key financial jurisdictions. Additional initiatives similarly address commercial payments, tokenized bank deposits, and multinational currency settlement. Chainlink seeks to facilitate this transition through standardized data delivery and cross-blockchain connectivity solutions.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Chainlink’s native token LINK has returned to the forefront of the crypto market, driven by technical indicators, heightened institutional interest, and real-world applications of its network. Some market observers now believe that, after a lengthy period of weakness, LINK may be setting the stage for a broader recovery.
Technical setup signals accumulation phaseAccording to Gann Wyck, the GannWyck Model 1 accumulation structure is evident for LINK on higher timeframes. This suggests that, following a prolonged multi-year downtrend after its previous cycle peaks, LINK may be approaching the final phase of its accumulation cycle.
Chainlink is recognized as one of the largest oracle networks supplying data to decentralized finance applications. Analysts point out that this accumulation pattern extends beyond just price charts, reflecting broader network growth and strengthening fundamentals.
Mini glossary: An oracle network provides infrastructure for bringing off-chain data to smart contracts. Chainlink leads this sector, delivering price feeds and various external data flows to on-chain applications.
Key factors supporting this view include increased attention to Grayscale’s ETF application, purchases from Caliber Investments, and Chainlink’s expanding role in data infrastructure. Additionally, BNB Chain’s adoption of Chainlink’s data standards in the context of US public data initiatives has also been highlighted.
According to analysts, LINK is nearing the end of its accumulation period at a key support zone following an extended decline, with both price structure and the expanding network utility seen as intertwined factors.
Main support zone and critical price rangesAfter peaking near $30 at the end of 2024, LINK has spent the past two years in a prolonged downtrend, characterized by a series of lower highs and lower lows. Continuous selling pressure has pushed the price into the $7 to $8 range, now seen as a stable support zone in the current landscape.
In particular, the $6.50 to $7.50 region is seen as crucial for accumulation, with multiple defense layers identified there. Conversely, a decisive move back above $10 could signal that the downtrend has weakened and renewed buying appetite is emerging.
In a potential stepwise recovery scenario, analysts identify target ranges at $13–15, then $18–20, and later $25–27. Looking further ahead, the $28–30 band is also mentioned as a long-term goal.
Broader upside prospects in weekly chartCrypto Patel provides another perspective, noting that LINK has been confined to a downward channel since its 2021 peak near $50. Recent weekly action shows the price moving back into a strong accumulation zone over the past three weeks.
This analysis highlights the $4.75 to $7.85 range as a strong accumulation band. After falling roughly 86%–87% from its previous highs, LINK has returned to this range, which some analysts believe could serve as a base for a new upward trend.
If LINK breaks above the upper boundary of this channel, the first target is around $21.35, with the previous cycle high near $52.22 as the next key level. More optimistic, long-term projections even mention the $100 area for the 2028–2029 period. However, these figures are based on technical analysis and price predictions, not guarantees.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Chainlink is embedding itself into the plumbing of international banking. The oracle network announced its participation in Project Pangea, a cross-border settlement initiative involving 47 banks across Europe and South Korea that collectively manage over $10 trillion in assets.
The goal is straightforward but ambitious: replace the current two-day settlement window for EUR-KRW foreign exchange transactions with near real-time, same-day finality.
How Project Pangea actually works The initiative, built in collaboration with Qivalis and UniKA, brings together 37 European banks and over 10 South Korean banks on a dedicated Pangea Layer 1 blockchain network. The mechanism at the core is something called atomic payment-versus-payment, or PvP, which ensures both sides of a currency exchange settle simultaneously or not at all.
The currencies themselves are represented as euro-pegged and Korean won-pegged stablecoins, regulated digital versions of the fiat currencies that can move on blockchain rails. This matters because the Europe-South Korea trade corridor processes over $150 billion in annual volume.
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Project Pangea integrates with Swift messaging and complies with ISO 20022 standards, the global standard for electronic data interchange between financial institutions. Banks can plug in without a painful migration.
The project’s partners are targeting compliant live transactions within 12 months.
Why this corridor, why now Asia as a whole accounts for 60% of global stablecoin payments, making the region the natural proving ground for regulated digital currency infrastructure.
The current T+2 settlement cycle creates counterparty risk, ties up capital, and introduces the possibility that one side of a trade defaults before settlement completes. Moving to T+0 eliminates most of that risk. Capital that was previously locked up as collateral during the settlement window gets freed immediately.
Chainlink’s institutional footprint includes prior work with Swift on cross-chain interoperability and various tokenization pilots with major banks. In January 2026, Chainlink also partnered with the Global Alliance for KRW Stablecoins in South Korea. Qivalis itself expanded from an original group of 12 European banks to 37 by May 2026, all working toward the creation of regulated euro-pegged stablecoins.
What this means for investors Project Pangea is designed around compliance from day one, using regulated stablecoins and existing banking standards. The involvement of 47 banks managing over $10 trillion in assets gives the project a scale targeting a real trade corridor of over $150 billion in annual volume with a 12-month timeline for live transactions.
The risk is execution. A 12-month timeline is aggressive given the regulatory complexity of operating across European and South Korean jurisdictions simultaneously. The difference here may be the economic incentive: $150 billion in annual trade volume creates significant motivation to ship.
Investors should watch for two signals over the coming year. First, whether any of the participating banks publicly confirm their involvement and commit resources beyond the initial announcement. Second, whether regulators in both jurisdictions provide the clarity needed for euro and KRW stablecoins to function within existing compliance frameworks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
