During the peak of the 2017 crypto-mania, Litecoin founder Charlie Lee announced that he had sold all of his LTC holdings. Lee, who founded Litecoin in 2011, cited the conflict of interest as the main reason for that move. Despite this explanation, Lee’s decision to sell-off his LTC holdings still does not sit well with so many in the cryptocurrency community. Some still believe he dumped his LTC due to some knowledge that was not divulged to the wider community.
In mid-December 2019, Ethereum co-founder Vitalik Buterin revealed that, under his instruction, the Ethereum Foundation sold 70,000 ETH during the 2017 parabolic bull market. This sale resulted in $100 million liquidity which according to Vitalik, extended the runway for the Ethereum Foundation. Funnily enough, Vitalik admitted this two years later after ETH hit its $1,432 all-time high.
His admission was met with strong criticism with many claiming that it was no different from what Charlie Lee did. In a recent episode of the Magical Crypto Friends podcast, Charlie Lee explains why he thinks his LTC sell-off was different from Ethereum Foundation’s ETH sell-off.
Charlie Lee cited a couple of differences during his discussion with Riccardo Spagni. For starters, he noted that Vitalik only made that revelation two years later. Further quipping that Buterin transferred ETH to an exchange which does not necessarily mean he sold it and he could be trading it.
Secondly, ETH coins were pre-mined for Buterin and for the Ethereum Foundation, which is quite different from Charlie Lee. Another important difference that Lee noted is the Ethereum Foundation’s lack of transparency. He opined:
“The Ethereum Foundation, it’s not very transparent at all, right. As a Foundation kind of centralized, where they pre-mined coins, they should be very transparent about how many coins they’re selling. At least Ripple is pretty transparent about how many XRP they are dumping every month or every year.”
Riccardo Spagni chimed in on the topic of lack of transparency, saying that even ZCash’s reward model is more transparent compared to ethereum’s pre-mine model, adding:
“I mean, you know everything’s suboptimal but certainly like the ZCash crowd has at least tried to make some effort of transparency to their detriment in some instances.”
Charlie Lee also pointed out that the Ethereum Foundation lacks transparency to the extent that the wider community has no idea how it allocates its funds, how much funds it currently owns, its processes and all the people that are part of it.
Currently, Litecoin Foundation has officially started the development of the Mimblewimble privacy protocol. Litecoin Foundation has donated $18,500 worth of cryptocurrency to the dedicated development fund meant to sponsor Grin developer David Burkett. This fund is intended to expand to $72,000.
Although 2019 did not end well for LTC, this year has started on a brighter note. So far this year, LTC has gained over 35 percent over the last few days. It has, however, retraced to $56 at press time amidst a market-wide correction.
Litecoin is making updates to its privacy and has successfully raised a quarter of the money needed to fund the development. More users have been pushing for more privacy features on cryptocurrencies to protect transaction information, as governments seek to collect and retain more data on daily monetary transactions. In January 2019, Litecoin founder Charlie Lee had started talking about plans to update the privacy of Litecoin and introduce confidential transactions. Finally, in August 2019, he roped in David Burkett, a Grin developer, to join the project. David Burkett published two proposals for Litecoin improvements, which are the results of working with Charlie Lee and a Bitcoin researcher, Andrew Yang, to design a Mimblewimble block to enable Litecoin confidential transactions. One proposal describes adding extension blocks to improve the functionality of Litecoin without changing its consensus rules, while the other proposal details the implementation of MimbleWimble to improve the privacy of transactions..
Four months later in December, the Litecoin Foundation started raising funds of $72,000 to hire David Burkett on the project for a year to create privacy solutions for Litecoin with the Mimblewimble protocol. Charlie Lee had said he would match all donations for the project on a 1:1 basis. The Litecoin Foundation got the ball rolling by donating $5,450 in Litecoin and Bitcoin.
As of January, about $9,500 in Litecoin and $100 in Bitcoin has been raised. Charlie Lee has continued to call for donations to raise the remaining three-quarters of the funds needed for the project. As such the remaining amount to be raised is only $36,000, and Charlie Lee would be covering the rest.
Yet some people don’t think that this contribution is sufficient. There have been views raised by the community that Charlie Lee should pay for the entire project since he earned a large amount of profits selling his Litecoin when Litecoin soared to its highest value ever in December 2017.
Some other users also speculate that Litecoin is dying, which is why Charlie Lee has to raise funds from the community for the privacy project. He has reportedly stated on Twitter that it has been difficult to find the quality people needed to work on Litecoin development.
If the project continues to raise funds at the rate it has done so far, the project is expected to be completely funded in 3 months. In January 2020, David Burkett plans to focus on the details of Litecoin’s headers and kernels, crafting the plan for building the update and moving database implementations to libmw-core. Improvements to Litecoin look to be moving along after stagnating throughout 2019.
Litecoin has struggled to improve adoption but with more privacy on Litecoin, usage and purchase may pick up. Dusting attacks were made on Litecoin wallets in August 2019, and owners could have been identified through analysis of the wallet activity and addresses. At the same time, there have been more legislation cracking down on private coins and delistings have taken place due to the privacy features of some cryptocurrencies.
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing from Litecoin, Lee said in a recent interview that the implementation of MW protocol might get them halfway there.
Burkett, who had been working on developing the extended MW block announced to the community that the project began on 29 December 2019. Lee added that the integration of MW protocol will be introduced as a soft-fork. Scalability has been the main concern for most coins on the blockchain, but according to the LTC creator, MW scales better than Bitcoin.
Lee said:
“So nice thing about MimbleWimble is that it scales really well.”
Claiming that the protocol does not sacrifice its scalability to provide privacy and fungibility, he added:
“In some sense, it actually scales better than Bitcoin [and] Litecoin today because of the ability to do compact transactions, to throw away inputs and outputs, the way it’s designed is actually very good for scalability and it’s quite impressive how it works.”
Burkett had informed the community about his plans to restructure the core logic to be shared between Grin++ and Litecoin, including logging, serialization, crypto, error handling, and common data structures. The developers’ further plans for Litecoin in the new year included determining building methods, defining all LTC models, and moving the database implementation over to libmw-core which is the partial redesign of Grin++.
Charlie Lee has been very vocal about Litecoin becoming a privacy coin. The creator of the project has taken on board a Grin developer David Burkett in order to integrate the MimbleWimble protocol. The creator of the Litecoin protocol, Charlie Lee has been very vocal about the cryptocurrency becoming a privacy coin. The creator of the project has taken on board a Grin developer, David Burkett in order to integrate the MimbleWimble protocol and use different extension blocks to help scalability and privacy on the network. He highlighted that fungibility is one of the key aspects that had been missing from the cryptocurrency. Lee went on to say in a recent interview that the integration of the MimbleWimble protocol might get them a foot in the door.
Working on the extended protocol block, Burkett announced that the project started work at the end of December last year. He followed up on this adding that the integration of the new protocol will be brought in as a soft-fork. Scalability is the main concern from most cryptocurrencies on the blockchain. According to Lee, MimbleWimble is a much better scaler than bitcoin: “[The] nice thing about MimbleWimble is that it scales really well.”
He further went on to add that the protocol doesn’t sacrifice any of its scaleability to provide such new aspects to the project:
“In some sense, it actually scales better than Bitcoin [and] Litecoin today because of the ability to do compact transactions, to throw away inputs and outputs, the way it’s designed is actually very good for scalability and it’s quite impressive how it works.”
The developer told the community about his plans to restructure the logic to be shared with Grin++ and Litecoin. This includes many things including the common data structures, error handling and logging. Further plans for the developer say that Litecoin is including new methods for building in the New Year.
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Though Bitcoin is quite heavily misadvertised as an anonymous payment network, it is actually one of the more transparent crypto-networks to transact on. In the early days of cryptocurrency, when KYC and AML regulations weren’t as strict as they are now, it was easier to conduct Bitcoin transactions which couldn’t be traced back to criminal activities or malicious intent. Today, while Bitcoin isn’t used as much for private transactions, multitudes of privacy coins like Monero and Dash have stepped in to fill the void.
Monero, specifically, has regulators worried due to its ability to make transactions almost impossible to trace. In recent years, extensive research has been conducted into the traceability of such privacy coins and so far, no unexacting methods of monitoring their transactions have come to light, with usage only rising.
According to TokenInsight’s annual market report, Monero was the most widely used privacy coin in 2019. Further, Monero’s dominance rose from 35% to 50% over the year and combined with Zcash and Dash, represented 90% of the privacy coin market capitalization.
2019 also saw the launch of two privacy coins utilizing the MimbleWimble protocol — Grin and Beam, both of which saw increases to their market caps over the year. However, classic privacy coins like PIVX and NavCoin continued to decline.
Interestingly, for both Grin and Monero, the top two mining pools represented more than 50% of the networks’ hashrates.
With privacy coins being increasingly looked at as vehicles to launder money, it seems unlikely that restrictions around their use and sale will loosen in the foreseeable future. And while these cryptocurrencies do have other use-cases such as confidential business transactions and financial data protection, it seems unlikely that regulators will relax their stance on anonymous transfers of value.
Last year, Monero was delisted from several cryptocurrency exchanges due to its alleged violation of the FATF’s ‘travel rule.’ With so many restrictions being placed on these coins, their future might be bleaker than previously thought.
However, popular cryptocurrencies are seeing developments being made towards providing optional privacy for transactions on their networks.
Litecoin has already begun the development of an implementation of MimbleWimble extension blocks, while Ethereum is working on using zero-knowledge proofs to include the ability to conduct private transactions on the blockchain.
In this regard, even though privacy coins might continue to receive increased scrutiny from regulators and policymakers, anonymous transactions might become more popular than previously thought.
HodlX Guest Post Submit Your Post A core ideology in the cryptocurrency space is a consistent commitment to privacy. But until privacy coins deliver easy-to-use, efficient solutions at scale, privacy will remain a privilege reserved for the crypto-savvy.
For individuals seeking to reject government or other third-party surveillance in their financial and business dealings, end-to-end encryption is a must. However, privacy coins universally lack a comprehensive approach that can aid users in performing other necessary functions like private messaging, file sharing, and data messaging.
Monero is routinely seen as the gold standard of the privacy niche, and for good reason. It’s the longest running of the major contenders, boasts the largest market cap, and has successfully protected XMR transactions from unwanted eyes for years. But that hasn’t stopped Monero users from being identified and reprimanded, over and over again.
Now, the purpose is not to condone criminal behavior, or argue over what constitutes a crime – criminals should be arrested. But the fact that individuals using Monero for illicit purposes are routinely uncovered and detained suggests that XMR isn’t adequately serving its users. By tracking on-ramps in and out of Monero, channels of communication, web activity, and so on, Monero users can forfeit their anonymity even if they use the coin exactly as intended.
The recent Monero website hack, in which a malicious actor planted a coin stealer on the site, proves that anyone can be tampered with, despite how knowledgeable they are of crypto. Centralized solutions in use alongside Monero and other privacy coins aren’t perfect, as the massive, recent NordVPN hack highlights.
And if we take a step further back, how accessible is Monero itself to the average individual? Despite over a decade of existence, cryptocurrency across the board is incredibly inaccessible for the average individual. XMR and coins like it carry an even larger learning curve. Realistically, what percentage of the population is equipped to properly utilize Monero and supplementary services to adequately protect their anonymity? I’d argue the figure is well below 1%. And with the ongoing trend of exchanges delisting the “purely privacy” coins, that figure may continue to dip lower still.
For privacy coins to carry out their intended purpose, they need to build out comprehensive, user-friendly applications that average Joe can wrap his head around.
Opal Coin: Before Its Time
A holistic approach to privacy isn’t a foreign concept to the niche. Once upon a time, there was a little known privacy coin by the name of Opal. Launched in 2014, Opal was situated as a suite of privacy utilities that were all housed in the Opal wallet. Alongside hidden addresses and shielded transactions typical of most privacy coins, you could also partake in on-chain private messaging. From a single location, you could negotiate dealings and settle transactions in a completely decentralized, secure manner.
Unfortunately, this philosophy wasn’t widely regarded as necessary for the privacy space. Although there were other intended features to encompass within the wallet, development largely dried up within the next year as the team and community pursued different ventures. For all intents and purposes, Opal and “holistic privacy” were good as dead.
Broadening Utility
Either in response to Monero, or as a reflection of the growth of the industry as a whole, there are a number of competing privacy coins that do emphasize greater utillity. Zcash is perhaps the most appropriate example. Like Monero, Zcash is sufficiently private for users looking to deal in encrypted currency transactions.
However, Zcash broadens the scope of its “transactions” through the incorporation of private smart contracts. Smart contracts are the industry standard for the nuanced transaction of data on-chain. When applied to a privacy coin, this means users can deal in much more than just units of currency: they can store files, lock currency, establish escrow, alongside more nuanced potential applications like decentralized autonomous organizations.
Zcash also employs “flexible privacy”. Users can opt for public transactions, which may be necessary for auditing and compliance purposes. They can similarly verify activity through zk-SNARKs without revealing contents. In order for privacy coins to see legitimate usage at the global scale, they must encompass these broader functionalities.
Overcoming the Impossible Trinity
There is currently an “impossible trinity” of utility, sufficient privacy, and scalability that privacy coins across the boards are succumbing to. Most projects are building out under the preconceived notion that only two of these qualities can be appeased.
Monero is sufficiently private and scales well enough, but lacks utility for more comprehensive use per the possibilities suggested above. Grin has taken the same approach. Verge is quick and offers several features, but does so at the sacrifice of the adequacy of the privacy it encompasses. Zcash is pushing towards utility, and many will agree ZEC is sufficiently private, but the resources required for various privacy activities, like contracts, suggests the network won’t succeed at worldwide scale.
Enigma is one project looking to overcome this “impossible trinity” at the application layer. The functionality of Enigma reflects the ability to use “secret contracts” across existing blockchain networks. In essence, this will allow users to transmit and interact with data on-chain in a secure, untraceable manner.
Essentially, Enigma is providing the “privacy” for networks that otherwise embody utility and scalability. As major chains like Ethereum and Bitcoin continue to improve and evolve, the impact Engima enables as its underlying chains become more capable similarly grows.
At the protocol level, Beam is also taking on a more comprehensive approach. Like Grin, Beam is constricted by its MimbleWimble architecture, which confines network activity as solely currency transactions. Unlike Grin, however, Beam has placed ample resources and capital to broaden the utility and usability of the project.
While Grin continues to be very barebones, with users relying on a spartan command line wallet, Beam is putting a major emphasis on usability. They’ve built interactive wallets on a number of platforms, and atomic swap capabilities provide users more autonomy in bringing funds on-and-off Beam, without as much reliance on exchange offerings. Additional features like tokenized assets in the pipeline, combined with interoperability initiatives, further expand the utility of the coin.
Lastly, a newer contender, Stegos, has an ambitious bottom-up approach that may prove fruitful for the broader niche. Like Grin and Beam, Stegos utilizes aggressive transaction pruning for a far more lightweight, scalable blockchain. But beyond that, Stegos approach is a direct opposite: instead of completely restricting the functionality of transactions, Stegos expands network activity to broaden transactions as a system for fast data messaging.
In the same capacity that an amount of tokens can be sent, users can similarly send messages, like Opal, alongside media, data, and whatever else. The team is looking to create a one-stop mobile app that will allow users to participate in encrypted, on-chain messaging, and interact with network dapps. This is only possible because the network is lightweight enough for smartphones to act as full nodes, which enables them to whichever functionalities are available for desktop alternatives.
An Innovative Future
The above coins, along with other initiatives that make up the privacy players of the current generation of “blockchain 3.0”, suggest that the usability solution in the niche is a matter of “when,” rather than “if”. The future should be private. Down the road, everyone will be able to maintain complete digital anonymity through the utilization of privacy coins.
How far out we are will only be revealed with time. All will depend on when projects across the board shift their approach to focusing on how to build a platform that can do it all properly. The current philosophy of figuring out the best way to do what is possible through existing infrastructure is a fruitless endeavor.
Some rather awkward footage of a recent Bitcoin conference has surfaced. The clip shows a recently fallen-from-grace Bitcoin OG called out on stage for shilling an altcoin at the BTC-only event.
One of the earliest public proponents of Bitcoin recently became every self-respecting BTC maximalist’s public enemy number one. Trace Mayer, the host of the ‘Bitcoin Knowledge’ podcast, has been reportedly shilling the recently-created privacy coin Mimblewimble Coin (MWC).
A Bitcoin Event is a Good Place to Shill Altcoins, Right?Mayer first started talking about Bitcoin in 2010. He is more recently known for his promotion of the annual ‘proof-of-keys’ event, which BeInCrypto has previously reported on. His staunch championing of monetary sovereignty and his libertarian tendencies have made him popular with many Bitcoin fans.
The recent allegations against Mayer seem to stem from a Bitcoin-only conference held last weekend. Trader and YouTuber Tone Vays hosts the’ Unconfiscatable’ event that sees many so-called BTC maximalists meet to talk about Bitcoin, listen to presentations while eating steak, and even show off their skills in a poker tournament.
During the event, Mayer had been supposedly talking favorably about MWC to attendees. He’s even also spoken very highly of the project on YouTube interviews.
The industry disappointment mostly comes from MWC’s distribution model. The project features a huge pre-mine of 50 percent of all 20 million tokens.
Question: Is MimbleWimble coin a scam?
I just watched Trace Mayer pumping it: https://t.co/ovwXapN6sF
Then I looked at the white paper and found that there is a 50% premine!https://t.co/WksnAH8Azp pic.twitter.com/BOxFhMXE9l
— Opportunity from chaos (@cryptocomicon) February 23, 2020
Many of those critical of Mayer say he has abused his position as a respected thought leader in the industry and that he stands to gain financially by pumping the project.
Footage has now surfaced in which Mayer is, quite brutally, called out in front of the ‘Unconfiscatable’ crowd. Amusingly, long-time Bitcoin advocate and programmer Giacomo Zucco decided to wait for a portion of the show called ‘The Scammy Awards.’
After the nominees for the ‘biggest scammer in cryptocurrency’ are read out — the likes of Richard Heart of HEX and Craig Wright of BSV fame were among those shortlisted — Mayer, who spoke at the event, is called up to the stage to present the award.
Suddenly, Zucco hops on the microphone to give Mayer a thorough dressing down:
“The real scam is producing a scam that you can actually sell and pump inside Bitcoin conferences, scaring people about CoinJoin, and promoting scams like Grin and Mimblewimble – that’s the real scam!”
When Mayer finally announces that fellow BTC maximalist-turned-altcoin-shill Richard Heart has won the award, he seems visibly distressed. With none of his usual charm, his words, “It’s HEX” are barely audible over the jeers of the pro-BTC crowd.
That awkward moment when you nominate someone else the award you were hoping for..
Litecoin has been working towards incorporating aspects of privacy in the near future over the past year, with the foundation working towards improving the privacy of transactions for its users. In order to do that, the foundation introduced an extended Block [EB] and the Mimblewimble upgrade. For this purpose, Litecoin’s Charlie Lee had on-boarded Grin developer David Burkett.
Burkett, who has taken the lead on such upgrades, has finally given a deadline to the community for the testnet launch. According to his latest progress update, Burkett noted that the Mimblewimble testnet launch will take place by the “end of Summer” or August. The note read that the testnet will include all block & tx validation rules, basic p2p messaging, transaction pool, syncing, and the ability to mine blocks.
It added,
“This will NOT include a usable GUI wallet for casual users to test it out. Transactions will likely need to be created manually at first, or via a cli or automated tool.”
Lee had previously noted that fungibility is one of the most important properties of money, going on to add that it had been missing from LTC. However, with MW protocol, the coin just might be able to achieve it.
In the January update, Burkett had shared means to support “non-interactive transactions” on MW. According to the latest update, there have been some changes in the design iteration, with the issues found with the first write-up resolved and now turned into a Litecoin Improvement Protocol [LIP]. However, Burkett noted that it will take some time before the LIP has sufficient reviews and is accepted.
The fact that the testnet launch finally has a tentative timeline is good news for the Litecoin community, especially since the altcoin has been under a lot of bearish pressure in the market lately.
Litecoin [LTC] had performed exceptionally at the beginning of 2020. The digital silver had registered 98.71% growth in its price, but the bear attack in mid-February caused the coin to slip by 31.14%. At press time, the coin was valued at $57.421. That being said, the hash rate of LTC has been climbing since the beginning of January and at press time, the hash rate was reported to be 175.41 TH/s, while the mining difficulty also climbed to 6.40 TH/s. This suggests that despite its inconsistent performance this year, the Litecoin network remains in good health.
The latest announcement will only contribute to the network growing stronger.
The Litecoin foundation has been working tirelessly to improve the privacy of transactions for its user base. In order to do this, the foundation has introduced an extended block and the Mimblewimble upgrade. Because of this, Charlie Lee has had to bring in David Burkett. The Litecoin foundation has been working tirelessly to improve the privacy of transactions for its user base. However, in order to do this, the foundation has had to introduce an extended block and the Mimblewimble upgrade. Because of this, the founder and CEO of Litecoin, Charlie Lee has had to bring on a developer from Grin, David Burkett.
The Grin developer is well experienced in the field. He has taken lead on these kinds of upgrades for Litecoin and has finally given a deadline to the community for the testnet to see launch. According to his latest progress update, he noted that the Mimblewimble testnet will see launch by the end of the summer.
The update read the following at the end:
“This will NOT include a usable GUI wallet for casual users to test it out. Transactions will likely need to be created manually at first, or via a cli or automated tool.”
It was previously noted by the CEO that fungibility is one of the biggest properties of money. He said that this is an aspect that has been missing from Litecoin. But with the new Mimblewimble protocol, the project might be able to see fungibility after all.
In an update posted in January, Burkett shared means to support non-interactive transactions on Mimblewimble. Going off the latest update though, there have been several changes in the design iteration with numerous problems found with the first draft fixed and now turned into an improvement protocol on Litecoin.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
In brief Tim Draper gains 40% on his Aragon investment in just one month. Draper's top picks include Tezos, Bancor, Maker, ANT, Spacecash, Grin, AXE. He hopes Aragon's judicial system will be a game-changer in the legal sector. Last month, venture capitalist and Bitcoin evangelist Tim Draper bought one million Aragon (ANT) for $1 million. This was at a price of $1 per coin—even though the coin was worth $0.70 at the time.
Now the coin’s price has shot up to $1.40, netting him a 40% return in just weeks—at least on paper. He would be hard pressed to sell so many coins given the token’s low trading volume. But, either way, Draper isn’t planning on selling.
“I bought for a reason. I want to drive more usage of decentralized government services. I have no interest in selling,” he told Decrypt.
Draper wants to take partThe Aragon platform provides the tools to create decentralized autonomous organizations (DAOs). At present, the project has facilitated the creation of over 1,000 DAOs since launching in 2018.
Draper now controls a hefty sum of ANT’s total supply—2.5% to be precise. As a result, the crypto entrepreneur not only sits on Aragon’s advisory board but can also participate in its forthcoming judicial system.
“I like their model of creating a totally decentralized judicial system. Draper told Decrypt. “This is much needed. Eventually, this will be a big time saver and money saver from the runaway lawyer system we currently have.”
At present, the project team is focused on its newly devised Aragon court—a digital judicial system for DAOs within the project’s governance.
ANT—Aragon’s native cryptocurrency—is utilized within Aragon’s network governance. Holders of ANT will use their tokens to participate in forthcoming court proceedings. The first of which, came into session back on February 10, involving the mock trial of Ethereum classic developer Yaz Khoury.
Tim Draper is no stranger to significant crypto investments. He’s cited as one of the earliest investors in Bitcoin, snapping up nearly 30,000 BTC at a U.S marshalls auction back in 2014. The auctioneered BTC was worth $632 apiece at the time—a fortune presently valued at over $262 million.
“Of course you know I am a big Bitcoin supporter. I like all the coins that still have a team working hard to make them succeed. Tezos, Bancor, Maker, ANT, Spacecash, Grin, AXE, all have teams dedicated to them making them grow and succeed,” he explained.
Let’s hope none of them get the AXE.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
PIVX, a minor privacy coin, has announced plans to adopt Zcash’s Sapling protocol.
Sapling will provide PIVX with greater transaction performance. It will also offer shielded and unshielded transactions side by side, giving users optional privacy. Finally, Sapling will separate viewing and spending keys, allowing users to look at transaction details without compromising their accounts.
PIVX will specifically use a variant of Sapling that features Groth16. This variant was chosen due to the fact that it has a proven track record and has undergone plenty of due diligence.
The feature will be introduced as part of PIVX’s 5.0 core wallet upgrade later this year.
Changing Privacy Standards Until now, PIVX has relied on Zerocoin as its privacy protocol.
Advertisement
Unfortunately, Zerocoin faced an issue last year that allowed attackers to freely mint coins. Though the problem did not affect PIVX holders directly, the team has expressed the desire for a more secure system:
“PIVX had a tough year last year due to the unexpected Zerocoin protocol issues [and we] worked very hard to ensure all zerocoins were accounted for making every holder of PIVX whole.
This updated protocol from the Zcash team will allow PIVX to regain privacy at a higher level that is well recognized by the cryptographic community.”
As PIVX notes, this is the first time a blockchain not based on Zcash has adopted Sapling.
So far, only Zcash and its forks have done so. Horizen, for example, partially introduced Sapling in 2019. Likewise, Ycash inherited Sapling by default when it forked from Zcash in 2019.
Despite Sapling’s relative popularity, there are several other privacy coin standards, including Mimblewimble, CryptoNote, bulletproofs, and more. This makes Sapling far from universal.
PIVX on the Decline? PIVX is notable for being one of the few privacy coins that relies on a proof-of-stake consensus mechanism.
This means that PIVX holders can earn interest without dedicating any computer power.
By contrast, many privacy coins rely on mining. This is true of Monero, Zcash, Verge, and Mimblewimble-based privacy coins like Grin and Beam. Dash does allow masternode staking, but it only offers coin mixing; it does not truly hide transaction data as most privacy coins do.
Despite PIVX’s distinctive staking feature, it has fallen through the ranks. PIVX reached the height of its popularity in April 2017, at which time it had a $100 million market cap and was the 10th largest coin.
Now, PIVX is the 156th largest coin, and it has a market cap of just $20 million.
Time will tell if the coin’s ongoing improvements will allow it to make a comeback.
Edited Mar. 15 to correct PIVX’s April 2017 market ranking.
Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.
What makes good money in the Information Age? The quality of a monetary product is primarily attributable to it being (1) recognizable, (2) scarce, (3) censorship-resistant, (4) durable & indestructible, (5) extensible, (6) salable, (7) portable, (8) fungible, (9) private and (10) divisible.
The greatest disruptive innovation in monetary history was published on October 31, 2008 by the pseudonymous Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System which outlined a tamper-proof, decentralized peer-to-peer protocol that could track and verify digital transactions, prevent double-spending and generate a transparent record for anyone to inspect in nearly real-time.
As shown with Bitcoin over the past decade the market takes a monetary product as it currently is along with speculation of what it may become instead of what it was.
It took approximately eight years before a similar disruptive monetary innovation was published when the pseudonymous Tom Elvis Jedusor placed the original MimbleWimble white paper on a Bitcoin research channel and then disappeared.
In the 49 page formal math proof published in 2018 titled Aggregate Cash System: A Cryptographic Investigation of Mimblewimble [https://eprint.iacr.org/2018/1039.pdf], Fuchsbauer, et. al. concluded, “In this paper, we provide a provable-security analysis for Mimblewimble. We give a precise syntax and formal security definitions for an abstraction of Mimblewimble that we call an aggregate cash system. We then formally prove the security of Mimblewimble in this definitional framework. Our results imply in particular that two natural instantiations (with Pedersen commitments and Schnorr or BLS signatures) are provably secure against inflation and coin theft under standard assumptions.”
A Mimblewimble based coin enables greater network scalability, privacy and fungibility than legacy blockchain protocols. All transactions on the base layer use CoinJoin with Confidential Transactions and signature aggregation. Whale alerts are not even possible with extremely scalable ghost money. But as with everything there are trade-offs in fundamental characteristics that each monetary product must make.
In a 2016 podcast Bitcoin core developer Peter Wuille stated,
“Introducing Mimblewimble into Bitcoin in a backwards-compatible way would be a difficult exercise. It may not be impossible, but it would be hard. I think the way if people were experimenting with this, I would expect it to be an experimental separate chain or sidechain. In a sidechain we would not introduce a new cryptocurrency but it would be a separate chain. There are some downsides to Mimblewimble. In particular, it does not have a scripting language…a scripting language is very neat to play with, but it has a privacy downside. Mimblewimble takes this to the other side where you have very good privacy but at the expense of no other features any more.”
Fortunately, there has been significant research done since then and with Mimblewimble these types of scripts and applications are possible: Multi-Signature transactions, time locks, atomic swaps, and hashed time-locked contracts which are the building block of payment channels and Lightning Network.
In January 2019 GRIN and BEAM both launched to extreme anticipation as Mimblewimble base layer coins. However, both have extremely low stock to flow ratios and GRIN does not have a supply cap.
On January 18. 2019, before GRIN launched a developer opened an issue on Github about GRIN’s emission rate and supply cap but was summarily dismissed. Because of GRIN’s lack of interest in a supply cap the developer interpreted that as a green light to experiment with a sounder monetary policy.
In February 2019 MWC was announced as a fork of GRIN. The initial stock of both BEAM and GRIN were created by mining which was highly inflationary. For software development funding, GRIN relies on donations and BEAM allocates part of the block reward to a foundation.
In October 2019 a Bitcoin and MWC atomic swap was completed on testnet.
In November 2019 MWC mainnet launched as an experimental separate chain and has functioned flawlessly according to the consensus rules ever since. The consensus rules provide for a total of 20,000,000 MWC. 10,000,000 will be proof of work mined and the initial stock of 10,000,000 were created in the genesis block.
The MWC initial stock was distributed differently than either GRIN or BEAM by using these three ways: (1) 2,000,000 to the developers for software development work immediately after the genesis block was mined; (2) 6,000,000 about a month after mainnet launched via an airdrop program that has primarily gone to the most grizzled and sophisticated veterans in the crypto-industry: Bitcoin holders who registered with more than 148,000 BTC at the bottom of the bear market between April and July 2019. Some were unclaimed and will either be burned, airdropped or added to the HODL program; and (3) 2,000,000 will be distributed over the infancy years of the project via a HODL program to those who continue to hold MWC. Registration is functional and over 6.7m of 8m MWC are registered. Registered MWC are still fully liquid and can be moved at the user’s discretion.
The MWC developers have stated in the Roadmap, “There are many potential places development resources can be allocated and they will be chosen based on market needs with highest priority given to requests that will primarily benefit and come from the buyers and hodlers of last resort.”
Just because a new monetary product is created does not mean that the market ascribes it any value. Such was the case from January 3, 2009 to January 2011 where Bitcoin traded at less than $0.25.
And such was the case on December 2, 2019 when the MWC airdrop began to be distributed. On December 3rd MWC hit an all-time low of about $0.25 or a market cap of less than $2m.
Bitcoin has clawed its market cap from nothing. Likewise, MWC was nearly worthless, nevertheless, a heartbeat was detected and the speculation network effect started. Some people have started to acquire and hold MWC just in case it might catch on. It seems that fundamentally good products always do eventually.
The MWC difficulty algorithm is based on pure proof of work. Inherited from GRIN was the use of C29 and C31 and, in the future, C32 and C33. Under the consensus rules C29 is scheduled to phase out around November 2019 at a rate of 1% per week. Pure proof of work, which the MWC team considers a superior form of security compared to alternatives like proof of stake, requires a tradeoff between emission rate and security.
As MWC’s price began firming the decision was made unanimously by all interested stakeholders to hard fork MWC, remove the C32 and C33 parts of the consensus code and rapidly harden the MWC emission rate. This would leave MWC the sole coin on the C31 algorithm.
An algorithm for which there is an ASIC designed but not put into production. On January 17, 2020 Innosilicon announced,
“We are sorry to inform you that our Grin product G32 GPU ASIC fabrication has not been supported well by the foundry… so we have to put this production on hold till future clearance. Innosilicon invested huge amount of R&D dollars to complete the innovative CC31/CC32 Grin GPU ASIC design to our satisfaction because we believe in Grin and its core team.”
On March 31, 2019 the MWC hard fork went flawlessly and on April 7, 2019 the emission rate decreased by approximately 75%. The stock-to-flow changed from 6.4 to 25.7. By February 2021 the MWC stock-to-flow will be over 62.
Although still in its infancy, MWC has been consistently trading above a $100m market cap with a monthly mining emission of around $500,000. By market capitalization, this makes MWC the #3 privacy coin behind Monero and Zcash and in the top-15 proof of work coins around Ravencoin and Decred. But in nominal numbers, MWC is minuscule compared to Bitcoin’s $90m of weekly emissions.
MWC is designed to be extremely complementary to Bitcoin and atomic swaps will only strengthen that relationship. Bitcoin can function as an extremely effective monetary VPN.
There seems to be significant information asymmetry regarding Mimblewimble and even the existence of MWC . As a result, it will be very interesting to see how the market responds to this six-month-old monetary product. When performing economic calculation the profits will go to those who calculate correctly and the losses to those who calculate incorrectly. The order book will be the arbiter of opinions.
After all, in an era of pandemic lockdowns, infinite bailouts, rising inflation, draconian wealth taxes and other financial, political and geo-political turmoil it just might be that the market is interested in a monetary product that delivers on being extremely scarce scalable ghost money.
BEAM falls over 3%, trading at $0.0090. Its daily trading volume spikes by 5%. The crypto market has been on a wild ride, fluctuating between gains and losses. While some assets struggle to recover from bearish pressure, Bitcoin and Ethereum remain stagnant. Meanwhile, BEAM has lost its footing, sliding over 3.80%.
In the early hours, BEAM traded at $0.008771, and eventually, it climbed to a high range of $0.009766. After the bulls lost steam, the price likely plunged toward the current trading level.
At press time, BEAM traded within the $0.009085, with its market cap reaching $448 million. Moreover, the asset’s daily trading volume has touched $62.66 million.
BEAM has recorded a gain of over 42.41% in the last seven days. The asset opened the week trading at $0.006373, and it moved up to hit its weekly high at $0.009735.
Where Is BEAM Headed Next? If a mighty bearish momentum builds up, the asset may face serious threats. BEAM could retrace toward the $0.008911 range. A continued downside pressure might trigger the asset fall back to its crucial support range at $0.0087.
Assuming BEAM climbing over the $0.009174 range, it could bring in a retest near $0.009258 resistance. The prolonged bullish correction might reinforce the uptrend and push the asset to mount toward the $0.0095 price zone.
BEAM’s Moving Average Convergence Divergence (MACD) line is found just below the signal line. It indicates a weakening bullish momentum or the early stages of a bearish crossover and also the possibility of a potential downtrend.
Additionally, the Chaikin Money Flow (CMF) indicator settled at -0.16 suggests the money is flowing out of the asset. If it declines further, it could lead to sustained weakness. Meanwhile, BEAM’s daily trading volume is up by over 5.06%.
The Bull Bear Power (BBP) reading of 0.00038 infers the asset is nearly neutral, that neither bulls nor bears have a strong grip within the market. Besides, the asset’s daily relative strength index (RSI) at 64 signals that the asset is in bullish territory.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Highlighted Crypto News
XRP Could Trade Above $100 Under Normal Conditions, Claims Crypto Founder
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
In This Article BEAM Crypto Struggling Today Following A Strong April ShowingMIND Of Pepe (MIND) Has Its Own Reward Program With Over 260% Staking APY On Offer For Presale Investors BEAM crypto has begun its Season 2 reward program following a successful Season 1 in April. This new incentive from Beam rewards its users for running validators and staking to secure the network.
Following the success of the reward program thus far, BEAM has surged over 30% in the past two weeks and 13% this week alone. However, it has struggled overnight and is down 9% on the day.
Beam Nodes – Season 2 has now started 🐐
📅 Start date: 2025-05-01 10:29:07
🏁 End date: 2025-05-31 20:58:13
Time to validate is now! pic.twitter.com/KCXVAPRhYR
— Beam (@BuildOnBeam) May 1, 2025
BEAM Crypto Struggling Today Following A Strong April Showing Even with BEAM being down on the day, the launch of its reward program at the beginning of April led to it finishing the month strong. On a 30-day timeframe, BEAM crypto is up over 22%, highlighting the early success of the incentive program for validators.
BEAM is an innovative blockchain that mostly focuses on gaming. The strength of the network has helped its rewards program. Its latest treasury report stated that it has over $238m in holdings, a key reason why it was able to distribute so much BEAM crypto as a rewards incentive.
The Beam documentation on the program says the following;
“Seasonal validator incentive grants by Beam Foundation, from its Treasury. The grant will function as a grant to the Beam Network, and be transferred to an autonomous smart contract. Validators and delegators may, in return for securing and validating the Beam Network, earn rewards from such a smart contract”.
Following the strong performance by BEAM in April, where it went from $0.0053 at the lows to a monthly high of $0.0076, a 25% increase, it has started off in May on rocky footing. Down 10% from yesterday, the short-term picture may look slightly alarming, but when zooming out, a more positive picture can be seen on the chart.
BEAM has been building up pressure under its initial launch price level trendline since mid-December 2024 on the 1-day time frame. With it firmly broken out above that $0.0075 level, BEAM looks set to begin on phase 2 of the Elliott wave pattern seen below.
It is one of the top projects in the GameFi space, with the entire blockchain dedicated to nurturing and launching Web3 gaming projects. Coupled with a healthy treasury, great fundamentals, and a now-blooming rewards program, BEAM crypto looks set to make a run for its 2024 high of $0.039, which would mark a 4.5x return from its current price.
(TRADINGVIEW)
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
MIND Of Pepe (MIND) Has Its Own Reward Program With Over 260% Staking APY On Offer For Presale Investors 👁️ $MIND is almost upon us 👁️
In just under 30 days the pre-sale phase of Mind of Pepe will end. 🔥
Are you prepared to Enter the $MIND? 👁️https://t.co/YQZ9DDOeVb pic.twitter.com/3IFT7oh5I4
— MIND of Pepe (@MINDofPepe) May 1, 2025
While BEAM crypto offers incentives for those delegating and validating the network, MIND of Pepe (MIND) offers an incredible 265% APY for investors who choose to stake their presale bag.
Not only is MIND the hottest new AI agent on the market, but the utility on offer even during its presale phase is unparalleled. No other project is offering triple-digit returns for presale staking, which essentially amounts to passive income while waiting for MIND to hit the open markets.
Investors agree, as MIND just smashed past $8.6m in presale funding on the back of the team announcement that the AI agent goes live on May 10. It seems smart money is scrambling to secure MIND at these low prices before the project skyrockets once the Agent officially hits X.
Through cutting-edge LLM (large-language model) technology, the MIND of Pepe agent will be terminally online, conversing, and absorbing key market data, which it will then turn into trading insights, early trend spotting, and project alpha.
All of the information absorbed by the agent will be parsed, dissected, and sent on to holders of the MIND token, offering an insane amount of insight to give investors an edge on the markets.
Aside from the AI agent’s launch in 8 days, the MIND team has also announced that the token presale will conclude at the end of this month. These two catalysts are leading to an influx of community investment.
Once the presale ends, MIND will launch directly onto numerous decentralized exchanges, with rumors of at least one major CEX to follow.
Stay connected with the MIND of Pepe community on X and Telegram to keep updated on the latest news.
Visit The MIND Of Pepe Website And Get Involved Before It’s Too Late
DISCOVER: Best Meme Coin ICOs to Invest in Today
Join The 99Bitcoins News Discord Here For The Latest Market Updates
BEAM crypto begins its season 2 of its rewards program BEAM is up 22% since the beginning of April but 10% down on the day MIND of Pepe is offering 265% APY on presale staking with its AI Agent launching on May 8 #Presales
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Free Bitcoin Crash Course Enjoyed by over 100,000 students. One email a day, 7 days in a row. Short and educational, guaranteed!
BEAM recorded a loss of over 3%, trading at $0.0059. Its daily trading volume exploded by 141%. Yesterday’s bullish spike could not sustain its momentum, and the broader crypto market cap has pulled back to $3.37 trillion. Major assets have returned to recent lows, painting the charts red. Among them, BEAM joined the suit, displaying a bearish price movement with a 3.60% drop in the past 24 hours.
In the early hours, BEAM has recorded its highest price at $0.006614. With the sudden bear encounter, the asset’s price has retraced to q low range of $0.005953. At the time of writing, BEAM trades at $0.005925, with its market cap at $292 million, as per CMC data. Concurrently, the daily trading volume has exploded by over 141%, reaching $58.52 million.
While zooming in on the last seven-day price chart of BEAM, it has recorded a surge of over 12.41%. The asset began the week trading at $0.0052, and later it rose to a high of $0.0064 and to the current trading zone.
What Lies Ahead for BEAM? The four-hour technical chart analysis of BEAM exhibits that the Moving Average Convergence Divergence (MACD) line is briefly above the signal line, indicating a positive sentiment. The momentum should gain strength to confirm the uptrend. Besides, the Chaikin Money Flow (CMF) indicator is found at -0.27, suggesting that the money is flowing out of the asset. Also, moderate selling pressure is present in the market, with potential price weakness.
Notably, the recent trading session reported a brief period of bullish momentum. The price might move up and find its nearby resistance at $0.006059. If the upside correction strengthens, BEAM could steadily climb toward the subsequent resistance mark at $0.006065. Upon breaking this range, the bulls may likely trigger more gains ahead.
On the downside, if the asset’s uptrend fades, it might fall toward the immediate support at the range of $0.006049. Assuming BEAM fails to hold this price level, the potent bears could lead to a steeper drop and reach its key support below the $0.006048 zone. Further downside correction may push the price to its former lows.
BEAM’s current market sentiment is neutral to mildly bullish as the daily Relative Strength Index (RSI) is staying at 55.68. It hints that there is room for upward movement if buying pressure increases. Furthermore, the Bull Bear Power (BBP) value of 0.000094 signals a near balance between bullish and bearish forces.
Highlighted Crypto News
REX Solana Staking ETF Shines on Debut with $33M Volume
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
BEAM recorded a 3% spike, trading at $0.0083. Its daily trading volume has surged by over 83%. With a 2.07% spike in the crypto industry, the market cap hit $4.03 trillion. The broader market sentiment is greedy as the Fear and Greed Index value is holding at 62. The assets are swinging between red and green charts. Meanwhile, BEAM has displayed a 3.14% increase in price in the past 24 hours.
BEAM opened the day trading at a low of $0.00782. With the sudden bullish encounter, the price has climbed to a high range of $0.008834. As reported by the CMC data, at the time of writing, BEAM trades at around $0.008321. Its market cap is $399 million, with the daily trading volume up by over 83.44%, reaching $42.09 million.
Meanwhile, the last seven-day price chart of BEAM has recorded a steady surge of over 18.87%. The asset began the week trading at around $0.0065, and with the bullish power, the price has risen to a high of $0.0088.
What is Next for BEAM — Bullish Breakout or Bearish Reversal? The four-hour technical analysis of BEAM exhibits that the Moving Average Convergence Divergence line is one point below the signal line. It implies the bearish momentum, but a possible bullish crossover may occur if the MACD moves above the signal line.
In addition, the Chaikin Money Flow (CMF) indicator is stationed at -0.02, which is slightly negative, hinting at a mild tilt toward the selling pressure in the market. More capital is flowing out than in. Also, the value is very close to neutral, so the BEAM market is almost balanced.
Assuming the asset is losing ground, the price might slip and find its nearby support at around $0.008316. A sturdy downside correction could send the BEAM price down toward the $0.008311 range. A breakdown of this range would trigger more losses with a death cross.
On the upside, if BEAM’s bulls are awake, the immediate resistance might be found at the $0.008326 range. If the asset’s bulls strengthen, it could lead to a bullish correction, and the golden cross would take the price toward a high of $0.008331 or even higher.
BEAM’s daily Relative Strength Index (RSI) at 55.60 is standing in a neutral to slightly bullish zone. There is enough room for upward movement, with no extreme conditions in either direction. Moreover, the Bull Bear Power (BBP) value of 0.000129 suggests the slightest bullish dominance. Notably, the momentum could swing either way.
Highlighted Crypto News
7% Pop for Cronos (CRO), Bulls in Control or Bears Waiting to Strike?
Content Writer | Crypto Enthusiast | Bridging Literature and Blockchain
PANews reported on September 19th that, according to SoSoValue data, the crypto market saw three consecutive days of gains. The GameFi sector saw a 24-hour gain of 5.45%. Within the sector, ImmutableX (IMX) surged 26.32%, while GALA and Beam (BEAM) rose 3.74% and 9.14%, respectively. Additionally, Bitcoin (BTC) rose 0.37%, breaking through $117,000, while Ethereum (ETH) fell 0.40%, fluctuating in a narrow range around $4,600.
Other sectors with outstanding performance include: the Layer2 sector rose 4.71% in 24 hours. Within the sector, Optimism (OP) and Mantle (MNT) rose 3.93% and 6.33% respectively; the NFT sector rose 2.35%, and Pudgy Penguins (PENGU) rose 3.42%; the DeFi sector rose 1.31%, and Chainlink (LINK) rose 3.25%; the Layer1 sector rose 0.70%, and Avalanche (AVAX) rose 9.14%.
In other sectors, the PayFi sector fell 0.20%, but Trust Wallet (TWT) rose against the trend by 19.13%; the CeFi sector fell 0.30%, and ApolloX (APX) rose 30.73%; the Meme sector fell 1.43%, and Pump.fun (PUMP) and MemeCore (M), which had previously risen significantly, fell 10.80% and 12.06% respectively.
On Tuesday, Cathie Wood-led Ark Invest made several significant trades, with the most notable being the purchase of shares in Bullish (NYSE:BLSH).
The Bullish TradeIn August, Bullish increased the size and price of its upcoming initial public offering, according to a SEC filing. The cryptocurrency exchange offered 30 million shares priced between $32 and $33 each, targeting a nearly $5 billion valuation.
Other Key Trades:Benzinga's Edge Stock Rankings indicate Bullish stock ranks poorly on Short, Medium and Long Price Trends. Here is how it is stacked against cryptocurrency-exchange Coinbase.
Read Next:
AMD, Super Micro Computer, Upstart Holdings, Pinterest And Rivian: Why These 5 Stocks Are On Investors’ Radars Today Photo Courtesy: viewimage on Shutterstock.com
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
Market News and Data brought to you by Benzinga APIs
Beam (BEAM), a DeFi token, is gaining market attention with rising momentum, according to a revelation disclosed today by market analyst Crypto Tony. Today, BEAM’s price rise (a 10.3% surge recorded earlier today, currently trading at $0.003022) makes the token one of the top gainers today in the cryptocurrency market.
BEAM’s rise is extraordinary as it displays growing strength that is primed to enable it to shoot upwards to significant heights, as per findings from the analyst.
BEAM is a cryptocurrency that powers the DeFi Beam Network, a DeFi ecosystem that allows a wide range of decentralized applications with privacy and scalability. As per the analyst, BEAM is preparing for an incoming pump that could soon give long-term token holders decent returns.
BEAM’s Rebound Driven by Volume and Market Structure Today, the analyst shared technical data that shows the formation of a bullish cup-and-handle pattern on BEAM’s weekly chart. This structure, which has been forming over the past week, indicates a rounded base that started last week (on Saturday, January 17) and a handle that is now building below the recent high of $0.00287. The impressive climb enabled BEAM to reclaim a well-established resistance level at $0.003080 and even reach a high of $0.003119, as illustrated in the data shared by the analyst.
With the formation, the asset is respecting this bullish cup-and-handle pattern, indicating robust, continued developing momentum. By holding firm above the $0.003080 support zone, the asset’s bullish momentum remains active, as the analyst is convinced that BEAM holds strong strength to continue climbing upwards. The analyst believes that the complete formation of the pattern is set to trigger BEAM’s price to break out to the $0.0033 range high resistance mark, which is a 10.25% rise.
The current of Beam is $0.003022. Why BEAM Gains Momentum According to the analyst, increasing trading volume confirms the bullish move, driven by growing buying activity, an indicator pointing that BEAM is ready push the next leg up.
Another strong indicator is the recent data reported by market analyst Santiment. Four days ago, on Thursday, January 22, Santiment released metrics that identified crypto assets that are significantly attracting user social engagements. According to the analyst’s data, Bitcoin (BTC), Beam (BEAM), Ethereum (ETH), Chainlink (LINK), and Tether (USDT) are currently the most talked-about assets in the crypto world, showing their popularity and customer fulfillment.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
PANews reported on April 8th that, according to an official announcement, Coinbase will suspend trading of the following perpetual contracts on Coinbase Advanced and Coinbase International exchanges at approximately 21:00 (UTC+8) on April 21, 2026: TRB-PERP, RARE-PERP, NEIRO-PERP, A-PERP, ME-PERP, XTZ-PERP, KMNO-PERP, RAY-PERP, STX-PERP, ENS-PERP, GMT-PERP, SNX-PERP, 1000FLOKI-PERP, 0G-PERP, ORDI-PERP, NIL-PERP, BIO-PERP, UMA-PERP, BEAM-PERP, INIT-PERP, SOMI-PERP, EGLD-PERP, CLANKER-PERP, SOPH-PERP, and BIGTIME-PERP. Any remaining open positions will be automatically settled during the suspension, with the final settlement price calculated based on the average index price over the 60 minutes prior to the suspension, and the final funding rate set to zero. Coinbase reserves the right to suspend trading at any time and adjust the final settlement price to a reasonable level.
Ravencoin (RVN) soared more than 14% over the past 24 hours, fueled by speculation that old Ethereum (ETH) miners are taking an interest in the coin as Ethereum’s Merge nears and the network moves away from Proof-of-Work (PoW) mining.
As of press time at 10:10 UTC, RVN traded at $0.0613, up close to 15% for the day and up a whopping 57% for the past 7 days. At its highest, RVN touched $0.074, before falling back to below the $0.061 level in the early hours of Tuesday trading.
RVN price last 14 days:
Source: CoinGeckoThe strong rally for Ravencoin has come as Ethereum miners are rumored to take an interest in mining the coin after the Merge, which is expected to happen on September 15 at around 3:20am UTC time.
Along with Ethereum Classic (ETC) – an Ethereum fork that continues to operate on Proof-of-Work – RVN has by some been highlighted as an alternative coin to mine when ETH mining will no longer be possible after the Merge. Among those who have mentioned it is Ethereum developer Tim Beiko, who also warned that mining these other coins could become challenging:
“Ethereum Classic and Ravencoin are the two that I’ve heard mentioned, but I’m not sure if they will maintain an algorithm which is compatible with Ethereum’s ethash,” Beiko told CryptoNews last year.
RVN also pumped last weekThe gains for Ravencoin today followed a massive pump seen in the same coin on Friday last week as the price pushed through the $0.038 level on improved sentiment in the broader crypto market.
Back then, the technical picture still appeared somewhat difficult, with resistance levels ahead at around $0.044. But with that level now well behind us, things are looking brighter for RVN.
The next technical level to look out for now is the high from March around $0.077, before the February high of $0.080 comes into play.
RVN price with resistance levels:
Source: TradingViewRavencoin in built on a fork of Bitcoin (BTC), and was released in 2018 as a cryptocurrency solely focused on the transfer of value from one party to another.
Bitcoin price is consolidating above $20,000.Ethereum is struggling near $1,600, XRP is well below $0.35.CEL surged nearly 20%, and RVN is again pumping.Bitcoin price found support near the $20,000 level after a strong decline. BTC is currently (11:10 UTC) consolidating above $20,000. It could start a fresh increase if there is a clear move above $20,800.
Similarly, most major altcoins are consolidating near support zones. ETH is struggling to stay above the $1,600. XRP might decline and test the $0.32 support. ADA is facing resistance near $0.48 and $0.482.
Bitcoin priceAfter a strong decline, bitcoin price found support near the $20,000 zone. BTC remained well bid above the $20,000 zone and recently started a consolidation phase. It managed to correct a few points above the $20,250 level. On the upside, the price is facing resistance near the $20,500 level. The next major resistance is now near the $20,800 level, above which the price could start a decent increase.
On the downside, an initial support is near the $20,050 level. The next major support is near the $20,000 zone, below which the price could start another strong decline.
Ethereum priceEthereum price managed to stay above the $1,550 support zone. ETH started an upside correction and traded above the $1,580 level. It even climbed above $1,600, but it is struggling to gain bullish momentum. The first major resistance is near $1,620. The next major resistance is near $1,650, above which the price may perhaps rise to $1,700.
If not, the price might start another decline towards the $1,550 level. The next major support is $1,500, below which price could gain bearish momentum.
ADA, BNB, SOL, DOGE, and XRP priceCardano (ADA) settled well below the $0.50 level. The price is now struggling to recover above the $0.48 level. If there is no upside break, the price may perhaps decline towards the $0.45 level.
BNB is slowly recovering losses and trading near the $280 level. An immediate resistance is near the $282 level. The first major resistance is near $288, above which the price could rise towards the $300 level.
Solana (SOL) declined over 12% and tested the $32.65 level. It is now trading near $33.50 level. The next major support sits near the $32.50 level. On the upside, the bears might remain active near the $35.00 level.
DOGE is consolidating above the $0.060 level. A downside break and close below the $0.060 level could spark a sharp decline. In the stated case, the price might slide towards the $0.0565 level.
XRP price is consolidating near the $0.335 level. If there are more downsides, the price could slide and test the $0.32 support. The next major support is $0.305.
Other altcoins market todayMany altcoins are down over 10%, including LUNA, USTC, LUNC, HNT, APE, AVAX, EOS, NEAR, FTT, GMT, and ATOM. Out of these, LUNA dived over 30% and traded below the $3.0 level.
To sum up, bitcoin price is consolidating above the $20,000 level. If BTC stays above $20,000, it could recover towards $21,200. If not, it might dive to $18,500.
After the Ethereum (ETH) ecosystem went through the long-awaited Merge update that officially marked its transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus algorithm, it has led to some interesting developments in the crypto space as miners start to look for alternatives.
Indeed, interest in Ravencoin (RVN) has soared, placing it at the top of the cryptocurrency trending list, ahead of Ethereum, Ethereum Classic (ETC), Bitcoin (BTC), and Shiba Inu (SHIB), according to data retrieved from CoinMarketCap on September 15.
Top 5 trending cryptos in the last 24 hours. Source: CoinMarketCap As the data shows, miners have flocked to the alternative chain en masse in this major mining shift, leading to the explosion of Ravencoin’s hash rate, which soared 541% in the two weeks leading up to the Merge – between September 1 and September 15.
Ravencoin hash rate. Source: CoinWarz Merge helps Ravencoin soar In addition, CoinMarketCap data demonstrates that the value of Ravencoin has increased nearly 75% over the previous seven days, as miners increasingly see RVN as an adequate substitute for ETH mining in the post-Merge environment.
This environment is leaving PoW ETH miners with increasingly fewer options – switching to other chains (like Ravencoin) or stopping mining altogether and becoming Ethereum stakers – earning staking rewards under the new PoS process.
The success of Ravencoin can also be attributed to the announcement by the crypto exchange FTX of the listing of RVN perpetual futures on September 12. These futures allow people to speculate on where RVN will go from the current point in time and hold their positions.
It is also worth noting that Ravencoin, which was established in 2018, uses a PoW consensus algorithm and the RVN tokens issued on it can be used for many different things, just like ETH, such as decentralized applications (DApps) and non-fungible tokens (NFTs).
Ravencoin (RVN) price analysis Meanwhile, the Ravencoin token is trading at $0.06293 at press time, down 0.77% on the day, but up a whopping 74.77% across the previous seven days.
Ravencoin 7-day price chart. Source: CoinMarketCap As per CoinMarketCap data, the market capitalization of RVN currently stands at $704.32 million, placing the decentralized finance (DeFi) token in 60th place among all cryptocurrencies according to this indicator.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
After the Ethereum (ETH) ecosystem went through the long-awaited Merge update that officially marked its transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus algorithm, it has led to some interesting developments in the crypto space as miners start to look for alternatives.
Indeed, interest in Ravencoin (RVN) has soared, placing it at the top of the cryptocurrency trending list, ahead of Ethereum, Ethereum Classic (ETC), Bitcoin (BTC), and Shiba Inu (SHIB), according to data retrieved from CoinMarketCap on September 15.
Top 5 trending cryptos in the last 24 hours. Source: CoinMarketCap As the data shows, miners have flocked to the alternative chain en masse in this major mining shift, leading to the explosion of Ravencoin’s hash rate, which soared 541% in the two weeks leading up to the Merge – between September 1 and September 15.
Ravencoin hash rate. Source: CoinWarz Merge helps Ravencoin soar In addition, CoinMarketCap data demonstrates that the value of Ravencoin has increased nearly 75% over the previous seven days, as miners increasingly see RVN as an adequate substitute for ETH mining in the post-Merge environment.
This environment is leaving PoW ETH miners with increasingly fewer options – switching to other chains (like Ravencoin) or stopping mining altogether and becoming Ethereum stakers – earning staking rewards under the new PoS process.
The success of Ravencoin can also be attributed to the announcement by the crypto exchange FTX of the listing of RVN perpetual futures on September 12. These futures allow people to speculate on where RVN will go from the current point in time and hold their positions.
It is also worth noting that Ravencoin, which was established in 2018, uses a PoW consensus algorithm and the RVN tokens issued on it can be used for many different things, just like ETH, such as decentralized applications (DApps) and non-fungible tokens (NFTs).
Ravencoin (RVN) price analysis Meanwhile, the Ravencoin token is trading at $0.06293 at press time, down 0.77% on the day, but up a whopping 74.77% across the previous seven days.
Ravencoin 7-day price chart. Source: CoinMarketCap As per CoinMarketCap data, the market capitalization of RVN currently stands at $704.32 million, placing the decentralized finance (DeFi) token in 60th place among all cryptocurrencies according to this indicator.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
Ravencoin (RVN) and Ethereum Classic (ETC) were operated as a safe haven for miners seeking shelter from “The Merge” fallout. The event that completed Ethereum’s transition to Proof-of-Stake (PoS), “The Merge” locked out miners from the ecosystem.
Leading into the event, Ravencoin, Ethereum Classic, and other Proof-of-Work (PoW) cryptocurrencies were recording double-digit gains. The new participants onboarding the networks drove their hashrate to new highs, and their price followed as demand for PoW tokens followed.
However, as more miners flocked into these networks, it became more difficult to obtain rewards. In that sense, and with “The Merge” out of the way, miners might be seeking new alternatives to carry on with their operations and maximize their gains.
At the time of writing, Ravecoin and Ethereum Classic traded at $0.03 and $28, respectively. The cryptocurrencies record a 30% loss for RVN and a 22% loss for ETC over the past week. The tokens gave back a large portion of the gains obtained in previous weeks.
RVN’s price is trending to the downside on the 4-hour chart. Source: RVNUSDT Tradingview Ravencoin (RVN) And Ethereum Classic (ETC) Might Be Losing Market Share As the price of Ravencoin and Ethereum Classic trend to the downside, their hashrate trend lower which hinted at the current bearish price action. Miners that were prompting the value of these cryptocurrencies seem to be existing or diversifying their participation across multiple networks.
Data from CoinWars shows a decrease in the hashrate for Ethereum Classic and Ravencoin. The former has seen a steadier decline in hashrate since September 17th, two days after “The Merge”.
As seen below, ETC’s hashrate reached a high of 210 terahash/s (TH/s) and an all-time high of 220 TH/s before trending lower. Over the same period, ETC’s price recorded massive losses, as mentioned.
Ethereum Classic’s hashrate trends to the downside. Source: CoinWarz Ravencoin hashrate saw sideways movement after an aggressive push to the upside. The network saw an all-time high of 20 TH/s before starting a descend into its current levels at around 15 TH/s. Both cryptocurrencies might experience losses if their network’s hashrate sustains their current momentum.
Ravecoin hashrate moving sideways and trending to the downside over the past week. Source: CoinWarz Where Are Ravencoin And Ethereum Classic’s Hashrates Fleeing? As computer power leaves Ravencoin and other PoW cryptocurrencies, it must be finding new networks to increase the miners’ chances of obtaining rewards. Data from Coingecko indicates that a couple of PoW tokens have benefited from this crash in price and hashrate from RVN and ETC.
The best-performing token seems to be CLO from Callisto Network. This project has seen a surge in trading volume and hashrate that has supported a 30% rally over the past 7 days. In the coming months, traders might benefit from frontrunning these spikes and crashes in PoW tokens hashrate.
#CallistoNetwork is the most profitable #ETHASH coin on Whattomine ⛏
Network #hashrate and trading volumes are growing, don’t wait and start mining $CLO now!
P.S. ZPoW is coming, so make sure you aren’t late ?
Ravencoin (RVN) is a Blockchain network that facilitates the creation and transfer of crypto assets representing real-world assets. Users can mine with their CPUs and create special coins. Additionally, it provides communication and reward distribution among RVN coin holders. In this article, you can find answers to two frequently asked questions: What is Ravencoin (RVN), and how to buy Ravencoin (RVN) with TRY.
What is Ravencoin (RVN)?Ravencoin is blockchain-based software that incentivizes a computer network to facilitate the creation and transfer of unique cryptocurrencies. Unlike many other cryptocurrencies, Ravencoin is specifically designed to represent real-world assets such as securities, collectibles, gold, event tickets, and even airline miles. It was launched as an open-source fork of Bitcoin’s codebase, meaning the development team copied and modified Bitcoin’s original code to create a platform with different features and goals.
One of Ravencoin’s core features is that users can issue personalized assets on its network. This includes unique attributes such as one-minute block times, a 5,000 RVN coin block reward, and a maximum supply of 21 billion RVN. Ravencoin uses a consensus mechanism similar to Bitcoin’s Proof of Work (PoW) to secure its network but allows any user to mine with their CPU instead of requiring specialized hardware.
Although Ravencoin’s code is derived from Bitcoin, it establishes its own unique network, asset, and protocol rules. Parameters have been modified to encourage asset issuance and facilitate communication among users holding specific coins on its network. Ravencoin uses a variation of the Proof of Work consensus mechanism called KAWPOW. This is designed to lower the barrier to entry for mining, allowing more users to participate in securing the network, validating transactions, and distributing newly minted RVN.
To create a new cryptocurrency on Ravencoin, a user must burn (destroy) a certain amount of RVN coins and give the coins a unique name. During this process, issuers can define specific attributes such as the total supply, the number of decimal places for fractionalization, and whether the coin is fungible. Coin issuers can also distribute RVN rewards to coin holders, enabling the distribution of dividends or the creation of incentives within a community or organization.
Ravencoin also includes a messaging feature that allows coin creators to communicate with coin holders. This feature is particularly useful for informing specific holders when voting is required for new proposals. Since all RVN coins are transferable, coin holders can delegate their voting rights to other network users or sell their stakes in a community if they wish.
How to Buy Ravencoin (RVN) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Ravencoin (RVN). Over 100 cryptocurrencies, including RVN, can be bought and sold on Binance TR, where an account can be quickly created. To purchase Ravencoin (RVN) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. To do this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an email/SMS verification will be conducted to confirm and verify the information. After completing this process, you will proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through Binance TR’s official website. Note that you will need your mobile phone for identity verification on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click “Identity Verification and Limits” from the dropdown menu, and then click “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click “Copy URL” to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping the “Identity” option first.
Then, a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, you can continue by tapping the “Upload Front Side” option. After taking a photo of the front side of the document according to the document type you selected, tap the “Upload Back Side” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable.
Then, you can continue by tapping the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make transactions seamlessly from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage, then click “Deposit” from the dropdown menu.
Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information displayed on the page of your preferred bank to send the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy RVN Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to RVN coin purchase step by clicking the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking this option, the following page will open. You can go to the TL to RVN purchase page by typing “RVN” in the search section on the right side of this page and clicking the RVN/TRY option from the results.
Now, the following RVN trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy RVN in the first box and the number of RVN you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy RVN” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users, supported by Binance’s core functions, gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
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.
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
As the broader crypto market consolidates, one industry analyst has identified a select group of altcoins that could see exponential gains during the anticipated “super-cycle” expected in the latter half of 2024. In a detailed social media post, the analyst, known as OxNobler, delves into the cyclical nature of the crypto market and highlights the factors driving the impending uptrend phase.
Crypto ‘Supercycle’ Imminent? According to OxNobler, the crypto market consistently follows a four-phase cycle: Accumulation, Markup (Uptrend), Distribution, and Markdown (Downtrend). The analyst argues that understanding these distinct phases is crucial for investors seeking to capitalize on low cap altcoins and market trends to maximize their returns.
“We are currently on the brink of entering the Uptrend phase, which is set to be fueled by a confluence of factors, including the upcoming US election, potential rate cuts, the global adoption of crypto ETFs, continued technological advancements, and shifts in China’s regulatory landscape,” explains OxNobler.
Drawing on this market insight, the analyst has curated a list of six altcoins that are poised to experience substantial growth during the anticipated crypto super-cycle.
These tokens span a diverse range of sectors, including artificial intelligence (AI), decentralized finance (DeFi), real-world asset (RWA) tokenization, and more.
6 Low-Cap Altcoins Tipped To Skyrocket First on the list is Numerai (NRM), an Ethereum-based platform that allows developers and data scientists to experiment with and create more reliable machine learning models.
With a current price of $11.75 and a market capitalization of $86 million, the analyst believes Numerai’s positioning in the trending AI sector makes it a compelling investment opportunity.
Another altcoin highlighted is TokenFi (TOKEN), a crypto and RWA tokenization platform aiming to simplify the tokenization process and emerge as a leading player in the space. Currently trading at $0.06 with a $60 million market cap, TokenFi’s role in bridging the gap between traditional and decentralized finance is seen as a key growth driver.
Ravencoin (RVN), an open-source proof-of-work blockchain enabling the issuance and control of utility tokens, non-fungible tokens (NFTs), and other digital assets, also makes the list.
With a market price of $0.015 and a $223 million market capitalization, Ravencoin’s positioning in the growing DeFi sector adds to its potential upside.
The Fluence Project, with its native token FLT currently valued at $0.27, is another intriguing prospect. As the first decentralized “Cloudless” computing platform, Fluence aims to provide an open alternative to the dominant cloud computing giants, aligning with the analyst’s bullish outlook on the AI sector.
Realio Network (RIO), an end-to-end blockchain-based platform for the issuance, investment, and management of digital securities and crypto assets, is also included. Trading at $0.89 with a modest $5 million market cap, Realio Network’s focus on the RWA tokenization space is seen as a notable bullish catalyst for the analyst.
Last on the list, is the largest altcoin among the six by market cap, Pendle (PENDLE), a protocol enabling the tokenization and trading of future yield, rounds out the list. Currently priced at $2.63 with a market capitalization of $419 million, Pendle’s positioning in the DeFi sector aligns with the analyst’s broader thesis.
The daily chart shows PENDLE’s price downtrend experienced over the last months. Source: PENDLEUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
RVN, the native token of Ravencoin, a blockchain dedicated to creation and peer-to-peer transfer of assets, saw an astronomical surge of 94% just hours after it was listed on Upbit exchange, even as Bitcoin dropped below $105,000 on Thursday.
Upbit exchange announced listing of Ravencoin on Wednesday with 5 pm Korean Standard Time (KST) as scheduled for transaction support start time. Fans of Ravencoin showed their excitement on social media as news broke out of the token getting listed on Upbit.
The surge in interest around $RVN after Upbit listing has made the token outperform the entire crypto market on Thursday, which is down by 3%.
According to data on Coingecko, the price of $RVN reached $0.0217 with a massive 94% surge in less than 24 hours, after South Korean exchange listed the token on Thursday. At the time of publishing of this report, $RVN is priced at $0.019.
When it comes to daily trading volume, Ravencoin saw $75,026,484 in the past 24 hours, registering a mammoth 721.60% increase when compared to previous day. The market cap of $RVN is at $289 million while the total token supply has been fixed at 15 billion.
Meanwhile, Bitcoin dipped below $105,000 on Wednesday recording a marginal decrease of 0.8% in the past 24 hours with $24.79 Billion as daily trading volume. The overall crypto industry has also witnessed a downfall of 3% on Thursday with overall market cap of $3.4 trillion and 24-hour trading volume of $92.14 billion. Experts have pointed out towards ongoing tariff tensions between U.S. and China as a major reason behind global markets slump including crypto industry.
With Korea’s largest exchange Upbit officially listing Ravencoin, fans are now speculating whether $RVN would be able to maintain the hype that has been built around it, especially when the crypto market is down.
Ravencoin, a Bitcoin clone, formed a God candle on Thursday, June 5, soaring to its highest point since December.
Ravencoin (RVN) jumped to a high of $0.027, up 155% from its opening price and 210% from its lowest level in April. It then pulled back and settled at $0.016, giving it a market cap of $255 million.
Ravencoin’s price spike followed its listing on Upbit, the largest South Korean crypto exchange. This listing triggered a surge in interest from South Korean traders, who can now buy the token using their local currency.
CoinMarketCap data shows that most of Ravencoin’s trading volume occurred on Upbit. Its daily volume spiked to $445 million, with Upbit accounting for $170 million of that total.
Ravencoin’s rally mirrored the performance of other cryptocurrencies after their Upbit listings. For example, Orca (ORCA) price surged by over 200%, while Arkham and Kaito rose 55% and 25%, respectively, following their listings. Most recently, tokens like Livepeer and Pocket Network also posted sharp gains after being listed.
This pattern stems from South Korea’s significance in the crypto market. A report from February showed that the country ranks as the third most active market after the United States and China, with average daily trading volume across South Korean exchanges climbing to $12 billion.
However, these post-listing pumps often prove short-lived. Orca, for instance, jumped to $5.57 after its listing, only to plunge 70% to $1.698 within days. Similarly, Pocket Network rallied to $0.0898 last week but has since dropped 41% to $0.052.
Ravencoin is a Bitcoin (BTC) fork optimized for lower transaction costs and faster speeds. One key difference is its supply cap: Ravencoin has a maximum supply of 21 billion coins, compared to Bitcoin’s 21 million.
Ravencoin price analysis RVN price chart | Source: crypto.news The daily chart shows that RVN bottomed at $0.008977 in April and then moved within an ascending channel. It dipped to the lower boundary of this channel earlier this week before forming a God candle following the Upbit listing. The price initially surged to $0.02573 before easing to $0.0166 as hype around the listing faded.
Ravencoin remains above both the 50-day and 100-day moving averages, as well as the upper side of the ascending channel. Therefore, the most likely scenario is a continued pullback, potentially to $0.0125, its lowest swing point from August of last year. Such a move would imply a 25% decline from current levels.
Ravencoin (RVN) and Lagrange (LA) are the top trending tokens in the market today South Korean exchange, Upbit, listed RVN and announced market support for LA, driving their price growth While the crypto market continues its average performance, some altcoins are showing exceptional growth today. Bitcoin and Ether continue to surf at around $104K and $2.5K price levels, and major altcoins like XRP, Solana, Dogecoin, and BNB also record no significant price surges.
Meanwhile, two altcoins, Ravencoin (RVN) and Lagrange (LA), are shaking the market with their price rallies. They even made it to the popular top trending list on the CoinMarketCap live-price tracking platform. If a cryptocurrency is recording price growth, there could be multiple reasons. One of the main ones is a token listing announcement by a renowned crypto exchange platform!
Ravencoin (RVN) and Lagrange (LA) Prices Rally Following Upbit Listing Upbit is the largest crypto exchange platform in South Korea, and its token listing announcements often led to huge price spikes. On similar lines, its recent announcements about Ravencoin and Lagrange have resulted in their incredible price surges.
Upbit has announced that its users can now trade RVN tokens with local KRW currency on the platform. The token went live on the exchange today at 5 pm local time.
Ravencoin (RVN) witnessed a sharp price spike and went from a low of $0.01079 to a 24-hour high of $0.02267. The upbit listing is the major drive behind its 100% surge. The RVN token is currently trading at $0.01598 with only a 45% 24-hour surge. Its trading volume has increased by a whopping 6,074.18%, thanks to the Upbit listing announcement.
On the other hand, Lagrange (LA) is a relatively new token that made its entry to the market not more than a couple of days ago. Upbit has announced that it is going to offer trading support for Lagrange token in BTC and USDT markets. This is huge news from an exchange like Upbit for a relatively new token like LA.
The Lagrange (LA) token has witnessed considerable growth since its launch. And a market support announcement by Upbit has further boosted its market price. The LA token is currently trading at $1.32, with a 240% price surge in the last 24 hours. It is gaining huge traction from day 1, being developed by a zk-proof networks developer.
South Korea has a thriving community of crypto enthusiasts. Events like these further confirm its leading position in global crypto markets. The recent change of government in South Korea is optimistic for the crypto space.
Highlighted Crypto News Today:
Bitcoin Hovers Near $105K as Technical Indicators Show Mixed Signals
Manisha is a proficient content writer with a keen eye for blockchain, NFTs, and fintech trends. With a passion for breaking down complex topics, she delivers insightful and engaging content for the Web3 community. Her expertise spans emerging market trends, latest news, and industry developments.
RVN successfully broke above the descending trendline resistance that had capped price action since January 2025 highs. RSI climbed from oversold levels to 66.49 while Awesome Oscillator flipped positive, confirming the trend reversal. Ravencoin’s recent pattern shows a strong indication that the price may be about to change its direction after being stable for some time. As per CMC data, it is currently trading at $0.014735 with an intraday gain of 20%, suggesting bullishness. Moreover, RVN has managed to break through a major descending trendline that had been stopping it from rising since January 2025.
The technical chart shows that the RVN price has been falling since late December 2024. However, after touching a support level of $0.008957, the token showed an impressive bounce. The recent move above the upper resistance shows that the market is turning bullish, backed by the RSI rising from a low of 30 to 66.
Key indicators are pointing in the direction of continued growth. The RSI is currently at 66.49, which means the market is doing well and is not overbought, and the recent crossover above the 50 line indicates that Ravencoin has turned bullish. The AO has changed to a positive reading at 0.002194, meaning that the market’s momentum is now positive, as seen by the green bars.
What’s Next in Ravencoin Price?
Source: Tradingview
Bolinger band analysis shows price breaking above the middle band and coming close to the upper band. The bands are narrowing during consolidation, which usually indicates that the market is quiet before a big change in prices. The current growth in the bands is consistent with the breakout theory.
The AO histogram reveals that more traders are taking part in the market now, as the oscillator has clearly moved into positive territory. The increase in volume confirms the breakout and suggests that institutions or whales may be buying the asset.
Now, the broken trendline acts as a moving support point for the price around $0.012-0.013. If prices stay below this level for a while, the bullish outlook will no longer be valid. Yet, if the current trend holds, the first resistance area is expected at $0.020, which is the 38.2% Fibonacci retracement of the major fall from the January top.
The technical signs hint that RVN could be starting a new accumulation phase, and its price could rise further if the crypto market stays favourable.
Highlighted Crypto News Today:
Hyperliquid Hits $248B Monthly Volume as HYPE Trades Near $35
Bitcoin and top altcoins like Venice Token, Kaia, Ravencoin, Fartcoin, and SPX6900 rose on Monday as U.S.-China trade talks got underway.
Bitcoin (BTC) climbed to $108,000, its highest level since May 29, marking a 7.55% gain from its monthly low. Venice Token (VVV) rose to $3.52, sharply up from this month’s low of $2.56.
Similarly, Kaia (KAIA), Ravencoin (RVN), Fartcoin (FARTCOIN), and SPX6900 (SPX) jumped by over 10% on Monday. This surge brought the market capitalization of all coins to over $3.35 trillion.
The likely catalyst was the easing of trade tensions between the United States and China, with negotiations beginning in London on Monday afternoon. Talks are expected to extend into Tuesday.
Markets are hopeful that the two sides will reach an agreement to ease export controls and possibly reduce tariffs. Such an outcome would likely temper investor fears that have lingered for months amid escalating trade restrictions.
Bitcoin and altcoins rose as accumulation continued. Strategy bought 1,045 coins worth $110 million last week, bringing its total holdings to 582,000 coins worth over $62 billion. Other companies like Trump Media, MetaPlanet, and GameStop have continued buying Bitcoin.
This wave of accumulation has pushed the amount of Bitcoin held on exchanges down to 1.18 million, compared to 1.57 million on January 1. Declining exchange balances are typically viewed as bullish, indicating that investors are moving assets into self-custody for long-term holding.
Bitcoin supply on exchanges | Source: Santiment Bitcoin also jumped after some bullish statements from top players in finance. Cathie Wood believes that Bitcoin price could jump 15x from here in the next five years. FundStrat’s Tom Lee also believes that the coin will end the year at between $200,000 and $300,000 this year.
Bitcoin price cup and handle pattern activates BTC price chart | Source: crypto.news Further, Bitcoin and other altcoins rose as Bitcoin’s cup-and-handle pattern activated. As the chart above shows, it has moved above the upper side of the descending channel, pointing to an eventual surge to $142,000, as we predicted here. Altcoins do well when Bitcoin is in a strong rally.
Ravencoin token price continued its strong uptrend this week and is nearing its highest point this month.
Ravencoin (RVN) rose to $0.02180, up 145% from its lowest point in April, giving it a market capitalization of $330 million. The rally coincided with the broader crypto market surge that has pushed the total market cap of all coins close to $3.5 trillion.
RVN’s rally started after Upbit, the biggest crypto exchange in South Korea listed it on June 4.
Since then, more Ravencoin tokens have continued to move out of centralized exchanges, a sign that holders are not selling. Net outflows stood at $793,000 on Wednesday, up from $643,000 a day earlier.
Ravencoin’s futures open interest soared to $76 million, the highest point since March last year. It has remained above $70 million in recent days, indicating rising demand and liquidity.
Ravencoin is a proof-of-work cryptocurrency created from Bitcoin’s software. Like Bitcoin Cash (BCH) and Litecoin (LTC), its main difference from Bitcoin is a supply limit of 21 billion tokens, compared to Bitcoin’s 21 million.
Ravencoin price technical analysis RVN price chart | Source: crypto.news The daily chart shows that RVN token price bottomed at $0.008977 in April. It has since bounced back, rising to a high of $0.02573, its highest point since December last year.
Ravencoin moved above the key resistance level at $0.0126, its lowest point in August last year. The coin is about to form a golden cross pattern as the 50-day and 200-day Weighted Moving Averages near a crossover. A golden cross is a widely followed bullish pattern that signals market strength.
The Relative Strength Index and the Stochastic Oscillator are both pointing upward, indicating that momentum is building.
Ravencoin price has moved above the 23.6% Fibonacci Retracement level. Therefore, the token will likely continue rising as bulls target the 50% retracement at $0.03523, about 50% above the current level. A drop below the support at $0.020 would invalidate the bullish outlook.
The financial markets are currently reacting to the ongoing escalation between Iran and Israel. Amid this clash, the crypto market is also affected, as Bitcoin and altcoins are witnessing selling pressure.
However, Ravencoin’s trend is still bullish, and it is coming down to its key levels from where it can bounce again. Let’s find the key levels in detail in this Ravencoin price prediction.
Table of Contents
What is Ravencoin?Ravencoin price predictionRavencoin coin price prediction: short-term outlookRavencoin price prediction 2025Ravencoin price prediction 2030 Since its launch, Ravencoin (RVN) has reached an all-time high of $0.27391, followed by a 1363% price drop. At the time of writing, it is currently trading at $0.0196, which represents a 45% drop from $0.03573, which was seen 5 months ago in December 2024..
RVN 1 week chart | Source: crypto.news In this article, we’ll discuss RVN price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.
What is Ravencoin? The goal of Ravencoin, a digital peer-to-peer (P2P) network, is to deploy a use case-specific blockchain that is intended to effectively manage a single function: the transfer of assets between parties. Built on a fork of the Bitcoin (BTC) code, Ravencoin was first announced on October 31, 2017, and on January 3, 2018, it released binaries for mining. This was known as a fair launch because there was no premine, initial coin offering, or masternodes. Its name was inspired by the Game of Thrones television series.
Ravencoin, which is a fork of the BTC code, has four major features: a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) designed to lessen the centralization of mining brought on by ASIC hardware; a modified issuance schedule (with a block reward of 5,000 RVN); a block time reduction to one minute; and a coin supply cap of 21 billion, which is a thousand times greater than BTC.
Ravencoin seeks to address the issue of blockchain trade and asset transfers. In the past, an asset produced on the BTC blockchain could unintentionally be destroyed when the coins used to create it were traded.
Token assets on the Ravenchain can only be issued by burning RVN coins, which are intended to function as internal currency within the network. A stake of a project, such as equities and securities, airline miles, an hour’s pay, or real-world custodial items like gold or actual euros, can all be represented by the assets.
Now let’s discuss RVN price prediction for this year and in the coming years as well.
What can be a realistic projection for the RVN token? Let’s dive into the RVN price prediction for 2025 and 2030.
Ravencoin coin price prediction: short-term outlook According to CoinCodex’s Ravencoin price prediction for the near future, the token is projected to drop by -0.85% and reach $0.01973 by July 13, 2025.
As of June. 13th, 2025, the overall sentiment of the RVN price outlook has turned slightly bullish, with 14 technical analysis indicators showing bullish signals, 4 indicating bearish trends, and 7 indicators showing neutral forecasts.
Ravencoin price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the RVN token’s price could fluctuate between $0.0170 and $0.0418, and may likely hold a yearly average of $0.0358.
CoinCodex projects that the RVN token can trade in the price channel of $0.019725 and $0.021148 in 2025.
While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in RVN or any other cryptocurrency with the hopes of gaining on your investment in 2025.
Ravencoin price prediction 2030 As per CoinCodex’s Ravencoin crypto price prediction for 2030, RVN’s price could vary between $0.02421 and $0.026785.
DigitalCoinPrice expects that RVN’s price could climb to $0.0904 and $0.10 by the end of 2030.
Before trusting any source that is trying to predict the RVN price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the RVN token’s price can be highly volatile.
2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including RVN. A great way for RVN to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the RVN token.
Is Ravencoin a good investment? Before investing in any cryptocurrency, including RVN, please identify and understand the inherent risks that can come due to market volatility. Additionally, it is worth noting that the sentiment in the cryptocurrency market can change rapidly, and a token that was once considered a future investment may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the RVN token.
Will Ravencoin go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.
While it is challenging to predict the exact value of the RVN token, it is essential to watch for potential buying factors that may include new partnerships, increased token holders, or viral campaigns.
It is also vital that you rely on financial experts and consult them for Ravencoin price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low RVN can go.
Should I invest in Ravencoin? Before investing in any cryptocurrency or trusting any Ravencoin price forecast, please identify and understand the inherent risks that can come due to market volatility. Additionally, it is worth noting that cryptocurrencies, in general, are highly speculative investments, and their success relies not only on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the RVN token.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin slips below $77,000 as geopolitics weigh on risk appetite BTC opened Tuesday below $77,000 as geopolitical risk continued to weigh on sentiment. Monday's U.S. strikes in southern Iran lifted Brent toward $98 a barrel. The cross-asset response was uneven. South Korea's KOSPI printed a record on catch-up trade and chip names rallied across Asia. The Nikkei eased from Monday's high and digital assets stayed under pressure. Thursday's April PCE will test Waller's Friday pivot, which backed removing the FOMC's easing bias and signaled that a hike is now as likely as a cut.
Bitcoin
Bitcoin traded near $76,860 in early hours on May 26, with total crypto market cap at $2.56 trillion, down 0.65% over 24 hours. Leveraged positioning is calm. BTC perpetual funding has averaged around 5% annualized over the past week, enough to signal modest long bias, not enough to flag crowding. Per Glassnode, BTC futures open interest sits at $36.23 billion, well below the October 2025 peak of $68.68 billion. One-month implied volatility has eased to 32.9% from a 30-day peak near 39.6% in late April.
U.S. spot Bitcoin ETFs recorded a net outflow of $105.19 million on 22 May, the sixth consecutive outflow day, with cumulative six-day redemptions of roughly $1.55 billion — about 1.6% of total ETF assets. The combined picture is investors trimming crypto exposure, not panicking. Funding is steady, open interest is well off the highs, and options traders are pricing in less risk of a big move, not more. Thursday's April PCE inflation print is the week's main catalyst for crypto, as it will shape how the Fed responds in coming meetings.
Ethereum & Altcoins
Ether and major altcoins followed Bitcoin lower in modest moves: ETH down 0.4% on the day, SOL down 1.6%, XRP down 0.8%. Leverage across altcoins sits well below 2025 expansion levels. ETH futures open interest is $21.55 billion versus a 2025 average of $25.7 billion and an August peak of $51.7 billion. SOL open interest is $3.74 billion against a 2025 average of $6 billion. XRP open interest is $1.83 billion against a 2025 average of $4 billion. Funding is positive but moderate, pointing to limited directional conviction.
Institutional flows show a split picture. ETH spot ETFs recorded an outflow of$6.67 million on 22 May for the sixth day in a row, for a total of $282 million. SOL and XRP spot ETFs continued to attract inflows over the same window, adding approximately $15.6 million and $32.9 million respectively. In market-cap terms, flows span roughly −0.1% to +0.04%. The complex reads as measured engagement: light leverage, calm funding, ETH out, SOL and XRP in.
Credit&Leverage
Galaxy Research's Q1 2026 lending report, published last week, puts total crypto-collateralized lending at $67.4 billion, down $3.6 billion (-5.1%) over the quarter. DeFi borrows fell 14% to $28.2 billion, the second consecutive quarterly contraction on-chain. CeFi contracted just 7% to $25.4 billion in its first quarterly decline since Q4 2023, but still ended above Q3 2025 levels despite BTC, ETH, and SOL trading 34%, 48%, and 59% below pre-October 10 prices, respectively. Only four CeFi lenders grew their books in the quarter, Nexo among them. Nexo and the other two companies in the top three now hold 77.7% of CeFi lending — concentration consistent with Galaxy's read of gradual, orderly deleveraging.
Macro & Institutional
Oil remains the primary cross-asset driver. U.S. forces struck missile launch sites and mine-laying vessels in southern Iran late Monday. U.S. Central Command (CENTCOM) said the action was defensive and the ceasefire holds. Brent had fallen nearly 3% Monday on framework-deal reports. Tuesday's strikes lifted it back toward $98 a barrel. The U.S. dollar and Treasury yields continue to track energy-driven inflation expectations.
Thursday's April PCE release is the week's main data test. In a speech on Friday, Fed Governor Christopher Waller estimated headline inflation at 3.8% year-on-year (from 3.5%) and core at 3.3% (from 3.2%). An upside surprise validates his pivot to backing removal of the FOMC's easing bias and forces more hike risk into the curve. A softer print leaves him isolated and pressures the dollar lower. Oil and the Hormuz track remain the dominant cross-asset catalyst.
Looking Ahead
With U.S. CPI already out, focus turns to Thursday's data session: April PCE (3.5% headline, 3.2% core, both prior), Q1 GDP second estimate (2.0% consensus), durable goods, personal income and spending, and jobless claims. Wednesday brings weekly ADP employment and an ECB press conference. Friday closes with Chicago PMI and Canada Q1 GDP. Fed speakers across the week include Jefferson, Goolsbee, Williams, and Bowman. Inflation data and the Fed reaction function remain the dominant cross-asset catalyst this week.
Author: Dessislava Ianeva, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
In this patch of your weekly Dispatch:Nexo grows Q1 loan bookDe-escalation trade cappedBTC implied vol stays compressedMarket cast
BTC: weekly and daily indicators offer no directional biasOn the weekly chart, price is holding marginally above the 20-period SMA, leaving the longer-term trend intact but unconvincing. RSI is neutral, offering no momentum bias. Stochastic has rolled out of overbought, easing the buy-side pressure built up at recent highs. The MACD histogram remains positive, so bullish momentum is still in place. ADX is declining, indicating that trend strength is weakening regardless of direction.
On the daily chart, we see the same setup in compressed form. RSI and Stochastic are flat and neither gives a directional cue. The MACD histogram sits marginally below zero, a mild bearish tilt rather than an outright sell signal. ADX is at low levels, the standard reading for a range-bound tape.
Key levels to watch. On the downside, immediate support sits around $75,500, with the next zone at $70,000–$71,000. The weekly 20-period SMA may also act as dynamic support. On the upside, immediate resistance is around $78,000–$79,000, with the next zone at $82,000.
The big idea
Bitcoin's reserve and credit layers come into viewMay has been a bumpy de-escalation trade. Bitcoin's range has held through it, but on a discretionary bid that remains macro- and sentiment-sensitive. Two events last week point to a structural shift in that base: a reserve layer that takes supply off the float, and a credit market mature enough that long-duration holders don't have to sell into stress.
Market context. BTC is up 0.5% month-to-date through May 23, with realized volatility at 28% annualized, the third-lowest May reading since 2011. The range held through the worst weekly ETF outflow since January, a hot April CPI print on May 12, and Mark Cuban's public exit. Strategy's $2.01 billion purchase last week largely offset a simultaneous $1 + billion ETF outflow. But on May 5, Saylor signaled Strategy may sell Bitcoin to fund STRC dividend obligations — the first such signal since 2020, and a reminder that even the closest thing to an unconditional buyer is conditional.The reserve layer (ARMA). Underneath, however, the structural layer is being built. On May 21, Representatives Begich and Golden introduced the American Reserve Modernization Act (ARMA) with 17 co-sponsors. If passed, it would consolidate existing federal Bitcoin holdings (1.0% to 1.6% of total supply) under Treasury custody, mandate a 20-year hold, and direct a study on budget-neutral acquisition strategies. Notably, by codifying reserve status in law rather than executive order, ARMA lowers the political risk of reversal and raises Bitcoin's credibility as a reserve asset for other sovereigns weighing their own exposure. The marginal sovereign bid that follows would build slowly, on a horizon longer than any allocator cycle.The credit layer. The crypto credit market has matured, consolidating around quality operators after October's liquidation event. Nexo cements its place at the center of that consolidation. Per Galaxy Research's Q1 2026 leverage report, Nexo was one of only four CeFi lenders to grow its loanbook, while the broader CeFi market contracted. Nexo is among the three largest lenders globally with a 7.02% market share across tracked CeFi lending. The maturing credit layer means long-duration holders can actively manage exposure through weakness without being forced to sell.The gold parallel. Central banks hold around 38,666 tonnes of gold — about 18% of all above-ground supply (World Gold Council). Those reserves turn over slowly. ARMA is the first credible legislative path to an equivalent structure for Bitcoin. A mature lending market against those reserves is the second piece of the same architecture. The throughline: Bitcoin's bid is shifting from buyers who can change their minds to holders who won't sell, and a mature credit market that means they don't need to.
TradFi trends
One hedge for all Bitcoin ETFs The SEC approved a new Bitcoin options product on May 22, listed on Nasdaq under the ticker QBTC — the first U.S. securities-exchange options contract that references the Bitcoin spot price directly. Existing IBIT and FBTC options track a single fund. Cboe's CBTX, listed since December 2024, broadens that to an index of spot Bitcoin ETFs. QBTC goes a step further, referencing an index built from order-book data at eight crypto exchanges — no fund layer in between. It clears in the same brokerage account and uses the same margin rules as S&P 500 index options, so TradFi institutions can hedge Bitcoin the way they already hedge equities. Trading begins once the CFTC signs off and the OCC updates its disclosure document, expected in the second half of 2026.
Macroeconomic roundup
De-escalation meets rates reality The de-escalation trade returned last week but was capped by hawkish central banks. Brent fell from above $110 to $105.5 on Iran negotiation headlines, and U.S. equities recovered most of the geopolitical risk premium. Bond yields moved the other way. The U.S. 10-year closed near 4.6%, with the 30-year touching its highest level since July 2007. The April 28–29 FOMC minutes ran more hawkish than the statement implied. Many participants would have preferred to drop the bias language outright, citing upside inflation risks from oil, tariffs and Middle East tensions. The majority signaled that further firming would likely become appropriate if inflation persists above 2%, with some discussion that the next move could be a hike rather than a cut.
The yield move was not uniform across regions:
The 10-year U.S.-Bund spread reached 150 basis points, its widest since August 2025. Both the ECB and the U.S. Fed are hawkish but the macro backdrop is diverging. The U.S. is dealing with sticky inflation against resilient growth, Europe with sticky inflation against cracking growth. The flash eurozone composite PMI fell to 47.5 in May, a 31-month low, leaving the ECB hiking into a slowdown.The week's most interesting data story
BTC implied volatility remains at historically low levelsBitcoin implied volatility continues to compress as BTC stabilizes in the upper $70,000s after recovering from its early-February low near $63,000. The term structure, inverted through February and March, has normalized. As of May 21, 1-week ATM IV sits at 29.3%, 1-month at 34.4%, 3-month at 37.3%, and 6-month at 40.7% — all within a few points of their respective 15-month lows. Traders are pricing in relative calm despite persistent macro uncertainty and a still-fragile market structure. Historically, prolonged periods of suppressed Bitcoin volatility rarely last; compression regimes tend to precede significant directional moves, particularly when spot stabilizes after large drawdowns.
The numbers
The week’s most interesting numbers5.2% — U.S. 30-year treasury yields hit a 19-year peak last week, marking a major bond market selloff, driven by escalating inflation fears.
32.7% — Bitcoin's 1-month implied volatility compressed in May, hitting its lowest level since September 2025.
$230 million — combined net inflows into spot SOL and XRP ETFs over the first 16 trading days of May 2026, with neither product registering a single outflow day.
65.2%— the share of all EUR stablecoins hosted on Ethereum.
Hot topic
What the community is discussinghttps://x.com/_10delta_/status/2058551705051058277
AI and utility driven infra will lead the next leg higher, they say.
Yield curve control plus money printing will drive capital out of dollars into alternative stores of value.
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin under pressure as geopolitics overshadow in-line PCE printThe crypto market has given back around $80 billion in value over the past 24 hours, with the total market cap sliding to $2.46 trillion — driven by renewed military exchanges between the U.S. and Iran rather than any fundamental shift in the asset class. Bitcoin has retreated below $73,000, Ethereum below $2,000, and spot Bitcoin ETFs recorded their largest single-day outflows since January. The dollar has firmed to a near two-month high while gold has retreated to around $4,393 as higher yields reduce bullion's appeal. PCE data released this morning came in largely in line with expectations, providing modest relief without resolving the broader inflation picture.
Bitcoin
Bitcoin is trading around $72,800, down over 4% on the day, continuing a two-week drift from highs above $82,000. The move reflects institutional de-risking, basis trade unwinds, and a macro environment that has turned less accommodating. Spot Bitcoin ETFs recorded $733.4 million in net outflows on Wednesday — the largest since January — bringing the two-week total to over $2.5 billion, a meaningful reversal of the inflow trend that defined April's recovery. Bitcoin has traded more cautiously than the broader equity market, which has continued to push toward record highs — a divergence that reflects repositioning within the asset class rather than a broader market deterioration. The $70,000 level is the support zone to watch — a sustained move below it would represent the deepest institutional repositioning since February's lows.
Ethereum & Altcoins
Ethereum is trading around $1,975, down nearly 8% over the past week, having slipped below the psychologically significant $2,000 level. Open interest in Ether futures has risen for three consecutive days to a record 16.39 million tokens — falling spot price alongside rising open interest points to net selling pressure building in leveraged markets. Spot Ether ETFs have recorded $401 million in cumulative outflows this month, more than reversing April's $354 million inflow. XRP fell 3.7% to $1.29, Solana declined 4%, and Cardano and Polygon each shed 4.5%. The altcoin complex is offering no divergence from Bitcoin.
Macro & Institutional
The PCE data landed largely in line with expectations, tempering the most bearish rate scenarios. Headline PCE came in at 3.8% year-on-year — the largest annual rise since May 2023 — while core PCE rose 3.3% year-on-year and just 0.2% month-on-month, a slight deceleration from March's 0.3%. Q1 GDP was revised down to 1.6% annualised from an initial 2.0% estimate, missing expectations, with downward revisions to both consumer spending and inventory investment. That said, the softer core monthly reading has pushed back somewhat against the most hawkish expectations. Markets are treating today's data as broadly neutral — equity futures are near flat, Treasury yields are little changed with the 10-year at 4.48%, and the dollar index has eased slightly to 99.20.
JPMorgan Asset Management's EMEA CEO noted this week that long-term dollar weakness remains a credible thesis given U.S. fiscal dynamics, while Europe could emerge as a relative harbour for safe assets — a view consistent with the ECB's expected June rate hike.
Looking Ahead
With PCE now in the rearview mirror, the Iran situation reasserts itself as the primary variable. A diplomatic resolution would unwind the oil premium, ease inflation expectations, and potentially restore the institutional flows that supported April's Bitcoin rally. Absent that, $70,000 is the next meaningful level of interest. Friday's Chicago PMI for May is the first activity read of the month — a useful early signal of whether macro softness is broadening into the second quarter. The second half of 2026 will largely be shaped by whether a deal materialises before the geopolitical and inflation headwinds compound further.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Bitcoin steadies near $74,000 as ceasefire hopes build and labour market week loomsThe crypto market has recovered from yesterday's lows, with the total market cap edging back to $2.47 trillion as a tentative 60-day ceasefire extension between the U.S. and Iran — pending President Trump's final approval, sends oil toward its worst monthly decline since March 2020 and pushes global equities to fresh record highs. Bitcoin is steadying near $73,700, Ethereum has reclaimed $2,000, and altcoins are posting modest bounces. Yet the broader divergence remains intact: the S&P 500 closed at a record 7,563, Brent crude has slipped below $93, and gold is recovering toward $4,533 — while crypto has yet to meaningfully participate in the macro relief trade. The near-term focus is shifting from geopolitical developments to regulatory ones.
Bitcoin
Bitcoin is trading around $73,700, recovering modestly from Thursday's low near $72,500, though the weekly picture remains under pressure. The ceasefire extension provided limited lift for crypto — the market had already moved to price in diplomatic progress, and when Bitcoin held rather than broke higher on the confirmation, the momentum faded. What the chart reflects is a market that has been consolidating since October, with price action increasingly compressed as implied volatility sits at its lowest since September. The options market shows building demand for downside protection, but the broader read is of a market in a holding pattern — waiting for a structural catalyst rather than reacting to macro headlines.
Institutional investors are looking past geopolitical headlines toward U.S. crypto market structure legislation. Bitcoin open interest has held above $35 billion and is trending toward $40 billion per Glassnode — suggesting that while ETF demand has softened, derivatives positioning is quietly rebuilding, a dynamic that could amplify the next directional move in either direction.
Ethereum & Altcoins
Ethereum is just above $2,000, recovering 1.6% on the day after Thursday's dip to $1,965, but down 6.4% on the week. XRP climbed 2.3% to $1.32, Solana and Polygon each rose 1%, and Cardano advanced 2.6% — Friday's modest bounce sitting against a week of meaningful losses across the complex. The standout performer of the week is Stellar's XLM, up 25% in 24 hours after DTCC announced plans to connect its tokenized securities platform to the network — a real-world institutional adoption signal worth noting as the broader market waits for regulatory clarity.
Macro & Institutional
The tentative 60-day ceasefire extension, which would include unrestricted Hormuz shipping, the lifting of the U.S. naval blockade, and an Iranian commitment not to pursue a nuclear weapon, still requires President Trump's approval and Iranian confirmation. Even if confirmed, the deal would not immediately normalise oil flows: Hormuz traffic remains well below pre-conflict levels and the market is more inventory-depleted than before the conflict began.
Thursday's PCE data provided a moderately constructive backdrop. Headline PCE came in at 3.8% year-on-year — the fastest pace since May 2023, but core PCE rose just 0.2% month-on-month, a deceleration that slightly pushes back against the most hawkish rate expectations.
Anthropic raised $65 billion in Series H funding at a post-money valuation of $965 billion, with run-rate revenue crossing $47 billion. SpaceX is targeting a $1.8 trillion IPO valuation with roadshows potentially beginning as soon as June 4. Both signal that the AI infrastructure buildout is accelerating regardless of the macro environment — a dynamic that continues to underpin markets.
Looking Ahead
Next week's calendar is front-loaded with labour market and activity data that will shape the Fed's June calculus. Monday brings Fed Chair Powell speaking alongside Eurozone unemployment and the first May manufacturing readings — S&P Global PMI and ISM Manufacturing, both expected to show continued expansion. Tuesday delivers JOLTS job openings, Wednesday ADP employment. Friday's nonfarm payrolls are the week's centrepiece. For Bitcoin, the question heading into June is whether progress on the CLARITY Act can provide the structural catalyst that macro relief has so far failed to deliver.
Author: Iliya Kalchev, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
Daily analysis of crypto markets and the forces shaping them, from the Nexo research desk.
Crypto flat as traders await ceasefire extensionCrypto markets are holding broadly flat as traders stay on the sidelines ahead of a potential U.S.-Iran ceasefire extension. A 60-day deal and nuclear talks have been teased in press briefings but not formally confirmed. Total market capitalization stands at $2.47 trillion, with the Fear & Greed Index at 33, indicating Fear.
Traditional markets are edging higher on deal optimism and AI momentum. Nvidia's entry into the Windows laptop market and SoftBank surging 11% on its OpenAI and Arm stakes drove Nasdaq 100 futures up 0.6% but crypto has not followed.
Bitcoin
Bitcoin trades near $72,700, down approximately 1.5% over 24 hours, continuing a drift that has unwound the recovery from May lows. Derivatives show no forced deleveraging. Funding is neutral, leverage closures have flatlined, and open interest in BTC terms is rising. The selling is orderly, driven by spot rather than liquidations.
JPMorgan flagged on May 28 that simultaneous outflows from both Bitcoin and gold ETFs reflect investors stepping back from inflation and geopolitical hedges — not a rotation between the two — as Iran deal hopes reduce the urgency of hard-asset positioning. U.S. spot ETFs logged 10 consecutive sessions of outflows between May 15 and May 29, draining $2.97 billion — a new record breaking the previous eight-session streak from early 2025. May is tracking as the third-worst month since launch at approximately $2.4 billion in net outflows, behind only February and November 2025.
The risk is that this unwind has further to run. As per Glassnode data, Q2 spot CVD has been negative in four of the past five years and Q3 weaker still, and with summer liquidity thinning, a U.S.-Iran resolution may prove the more consequential variable than any technical level.
Ethereum & Altcoins
Ethereum trades around $1,980, down 1.6% over 24 hours, with spot ETH ETFs joining BTC in outflows as part of the broader institutional derisking. Standard Chartered maintained its ETH price target, comparing ETH's position to Amazon in 2001 — lower in price while the underlying network keeps growing. The broader market is lower. XRP has dropped 2.8% to $1.30, SOL is down 1.75% to $81. The Altcoin Season Index stands at 31/100, though SOL ETFs continued attracting inflows through May, pointing to selective rather than wholesale risk-off. HYPE is up nearly 7% over 24 hours to nearly $73 and 71% over the past month on the news of its partnership with Intercontinental Exchange (ICE), the parent company of the NYSE. Stellar has added 7% over 24 hours and 73% over the past seven days. VanEck's first U.S. spot BNB ETF launched on Nasdaq on May 29 under VBNB, though early volumes remain negligible.
Macro & Institutional
The Iran war entered its fourth consecutive month, with the U.S. striking Iranian radar and drone sites over the weekend. Brent crude rose approximately 3% on Monday to near $94 per barrel, reversing a roughly 10% weekly decline driven by ceasefire optimism. The pattern is becoming familiar: diplomatic signals compress risk premiums, military escalation rebuilds them, and neither side has delivered a resolution, leaving energy markets, and by extension inflation expectations, structurally elevated.
European stocks opened subdued, with Eurozone bond yields rising as markets priced ECB rate hikes in response to the energy shock. The dollar remains supported by hawkish Fed signals, with markets pricing approximately 17 basis points of tightening for the year. China's official manufacturing PMI slipped to 50.0 in May while the non-manufacturing PMI rebounded to 50.1. The Caixin manufacturing PMI moderated to 51.8, outperforming forecasts. Tokyo CPI eased to 1.4% year-on-year in May, yet the Bank of Japan is widely expected to hike in June given negative real interest rates and continued wage growth.
Looking Ahead
Attention turns to a heavy U.S. data week. U.S. ISM manufacturing releases today (consensus at 52.7), followed by ISM services and the Fed Beige Book on Wednesday, and May non-farm payrolls on Friday (consensus at +90,000). Flash May CPI prints for Germany, France, Spain, and Italy are also due today. If labor data hold firm and inflation moderates, pressure on Bitcoin's current level could ease. An upside surprise in price data would likely extend consolidation.
Author: Dessislava Ianeva, Analyst at Nexo’s Dispatch
This material is produced by Nexo for informational purposes only and does not constitute financial, investment, legal, or tax advice, or a recommendation to transact in any digital asset. Views are the author's as of the date of publication and may change without notice. Information is from sources believed reliable, but Nexo makes no warranty as to its accuracy and accepts no liability for any loss arising from reliance on this material.
In this patch of your weekly Dispatch:Macro effects add upETH target $4,000 by 2026 HODLers add 40K BTC in MayMarket cast
BTC slows down in headwindsAfter seeing a substantial wave of ETF outflows and geopolitical uncertainty recently, Bitcoin is struggling to hold its footing, and the technical picture reflects that strain across timeframes.
On the weekly chart, price has slipped below the 20-period Simple Moving Average – the middle Bollinger Band, losing what had been a key dynamic support level. The RSI and Stochastic, both momentum oscillators, have not yet reached oversold territory, though both signal lines are pointing lower, and the MACD histogram, while still above zero, offers limited reassurance of a near-term recovery.
On the daily chart, the picture looks more strained. Price is pressing against the lower Bollinger Band and trading below most major moving averages – key trend-following indicators, reflecting broad short-term weakness. The RSI and Stochastic have both crossed into oversold territory – a reversal of those signal lines would be the first sign that selling pressure is beginning to ease. The MACD histogram remains in negative territory, adding to the bearish case.
Key levels to watch: To the downside, the psychological $70,000 level is the immediate line of defence, with $66,000 as the next meaningful floor if that gives way. To the upside, $73,000–$74,000 is the first resistance zone to clear, followed by $76,000–$77,000 above that.
The big idea
The U.S. job market is Bitcoin’s new catalystRisk appetite in crypto has shifted from momentum to patience, with Bitcoin and the broader market entering a consolidation phase. While this stage is defined less by fear and more by a lack of clear movers and shakers, there is one catalyst potentially driving the next leg and this is the labor market.
What's ahead: The calendar this week builds toward a single question: how healthy is the U.S. labor market? ISM Manufacturing PMI on Monday and JOLTS Job Openings on Tuesday set the tone, followed by ADP Employment Change and ISM Services PMI mid-week. Then on Friday, the May Nonfarm Payrolls report lands alongside the Unemployment Rate and Average Hourly Earnings — the week's defining moment.
The data matters because it speaks directly to what the Fed does next. A notably soft payrolls print could revive rate cut expectations and give risk assets, Bitcoin included, room to breathe. A strong number keeps the Fed on hold and the pressure on. Either way, after weeks of fading geopolitical headlines and inconclusive inflation readings, markets are finally looking at data that could shift the picture.
Where we stand: For the first time since its launch, the Spot Bitcoin ETF recorded a 10-day outflow streak. Between May 15 and 29, nearly $3 billion left Bitcoin ETFs across the board. The price told the same story — BTC slipped from $80,000 to the $73,000 range, closed May in the red, and has struggled to reclaim higher ground since. The broader crypto market has followed suit, with Ether slipping back below $2,000 and trading volumes sitting at historic lows.
The geopolitical backdrop has offered limited relief. When President Trump announced a near-finalized peace framework with Iran in late May, Bitcoin briefly spiked toward $77,000 — only to retrace as negotiations proved more complex than initially signalled, with both sides still working through core terms. The pattern is becoming familiar: BTC reacts to the headline, then waits for the substance to follow. At this point, the market appears to be looking for a signed deal rather than a framework.
On the monetary policy front, last week's PCE inflation print came broadly in line with expectations — neither hot enough to slam the door on future rate cuts, nor cool enough to open it. The Federal Reserve remains in a holding pattern, and with new Fed Chair Kevin Warsh preparing for his first policy meeting on June 16-17, the stakes around incoming data have only grown higher.
Beneath the surface, there is a quietly encouraging signal worth watching — one we unpack in this week's data story. Open interest has reset to multi-week lows and funding rates have turned mildly positive, suggesting the market is digesting the drop with accumulation rather than panic. Bitcoin has been patient. This week, it may get an answer worth reacting to.
Ethereum
Is ETH having its Amazon 2001 moment?Ether has shed 57% from its August 2025 highs, but Standard Chartered argues the price is telling the wrong story. The bank draws a direct parallel to Amazon during the 2001 dot-com crash — where internal metrics kept improving while the stock collapsed. The same, they say, is happening with Ethereum today: transaction volumes and total value locked remain near all-time highs, 54% of all stablecoins settle on Ethereum, stablecoins account for a third of all Ethereum transactions in 2026, and the network hosts 62% of all tokenized real-world assets and 68% of all active on-chain loans. The stablecoin market cap could grow sixfold to $2 trillion by 2028, while RWAs could expand 50x over the same period. Their long-term price targets: $4,000 by end-2026 and $40,000 by end-2030. The market just hasn't caught up yet.
Hot in crypto
The new top 10 in crypto?Hyperliquid's HYPE token kicked off June with a statement. After closing May with gains exceeding 70%, HYPE hit a new all-time high of $74, pushing its market cap above $16 billion and displacing DOGE as the 10th largest digital asset. The move came during a broader market retreat, making it all the more striking.
Institutional interest is visibly growing, with asset managers beginning to structure dedicated investment vehicles around HYPE — a signal that the platform's transition from a niche derivatives exchange into institutional-grade trading infrastructure is gaining credibility. That said, with a 70% monthly gain and a near-vertical chart, it may be too early to say how much of this move is structural and how much is momentum. This is definitely one to watch.
The week's most interesting data story
BTC hodlers aren’t blinkingWhile Bitcoin's price has struggled to find direction, one group has been sending a quiet but clear signal. Long-term holders, after a period of distribution through much of the past year, turned to accumulation at the start of 2026 and haven't looked back. Even through the late May selloff, the Hodler Net Position Change climbed nearly 6%, from 38,056 BTC to 40,309 BTC. When prices fall and long-term holders accumulate rather than exit, it tends to say something about where conviction actually sits.
The numbers
The week’s most interesting numbers$322 billion — the total stablecoin market cap hit a fresh all-time high in late May, now exceeding the FX reserves of 95 countries.
$35 million — net inflows into XRP ETFs between May 20-29, bucking the broader market trend.
15.8 million BTC — the amount of Bitcoin now classified as long-term holder supply, a new all-time high.
$35 trillion — the total stablecoin transaction volume processed last year, according to Chainalysis.
Hot topic
What the community is discussingThe analyst has called it, so watch out for the move.
Nexo whales stay in the ecosystem.
Another hot one in crypto this week.
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
