PANews reported on December 1 that, according to PANews' monitoring, Yearn has recovered $2.4 million by destroying the pxETH held by the hackers. An equivalent amount of pxETH has been reminted and returned to the Redacted Cartel multisignature wallet.
Author: PA一线
This content is for market information only and is not investment advice.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
2 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
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The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
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South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
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Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
2 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
LUNC News: Terra Luna Classic community has approved a key proposal to update the IBC client between Terra Classic and Kujira (from 07-tendermint-178 to 07-tendermint-246), allowing the connection between the two chains to work again. This will open up liquidity while free up frozen funds, improving the Terra Classic revival effort.
Terra Classic Proposal To Restore IBC to Kujira Approved Proposal 12099 “Restore IBC to Kujira” is approved by the Terra Luna Classic community, with the proposal receiving unanimous support. The RakoffToken team proposed to re-enable IBC client 07-tendermint-178 connection between Terra Classic and Kujira.
The IBC client 07-tendermint-178 will be upgraded to IBC client 07-tendermint-246 to restore the connection between the chains and free up frozen funds.
The proposal has received 99.99% of the votes in favor from the community, indicating the unanimous support from the community in restoring the lost connection between chains through inter-blockchain communication (IBC). Validators also showed unwavering support with 36 validators including Allnodes, Interstellar Lounge, HappyCattyCrypto, Luna Station 88.
Meanwhile, the community actively looks for a complete solution to resolve risks of peer-to-peer storm attacks. Genuine Labs’ proposal to decrease MaxBlockSize from 5mb to 2mb as an initial security measure to counter peer-to-peer spam.
Read More: Terra Luna Classic Block Size Proposal Officially Passed, LUNC Price Soars 10% USTC 20%
LUNC and USTC Prices Performance LUNC price jumped 1% in the last 24 hours and 6% in a week, with the price currently trading at $0.0001112. The 24-hour high and low are $0.0001063 and $0.0001121, respectively. Moreover, trading volume decreased slightly in the last 24 hours, indicating a rise in interest among traders. The community remains confident on LUNC price hitting $1.
Meanwhile, USTC price is also up 1% after it climbed 20% higher last week, with the price currently trading at $0.0200. The 24-hour low and high are $0.01918 and $0.02036, respectively.
Also Read: Ripple v SEC News: Lawyers Reveal Appeal, Settlement, Fine Aspects in XRP Lawsuit
LUNC News: Terra Luna Classic community has unanimously approved a key proposal to update the interblochain communication (IBC) client between Terra Classic and Kujira (from 07-tendermint-178 to 07-tendermint-246), allowing the connection between the two chains to work again. This improves Terra Classic revival effort by increasing liquidity and freeing frozen funds.
Terra Classic Community Approves Proposal for Liquidity Proposal 12099 “Restore IBC to Kujira” has surpassed pass threshold and received overwhelming support from the Terra Luna Classic community. The RakoffToken team proposed to re-enable IBC client 07-tendermint-178 connection between Terra Classic and Kujira.
The proposal has received 99.99% of the votes in favor from the community, indicating the unanimous support from the community in restoring the lost connection between chains through inter-blockchain communication (IBC). Validators also showed unwavering support with all 57 participants including Allnodes, Interstellar Lounge, HappyCattyCrypto, Luna Station 88 voted “Yes”.
As reported by CoinGape, the IBC client 07-tendermint-178 will be upgraded to IBC client 07-tendermint-246 to restore the connection between the blockchains and free up frozen funds.
Meanwhile, the community has also approved multiple proposal Genuine Labs’ proposal to decrease MaxBlockSize from 5mb to 2mb as an initial security measure to counter peer-to-peer spam, increasing minimum commission for validators to 2.5%, and changing the reward share distribution of the burn tax.
Also Read: Terra Luna Classic Community Revises LUNC Burn Tax
LUNC Price Jumps 5% LUNC price jumped 5% in the last 24 hours, with the price currently trading at $0.0001076. The 24-hour high and low are $0.0001039 and $0.0001145, respectively. Moreover, trading volume increased by 80% in the last 24 hours, indicating a rise in interest among traders. The community remains confident on LUNC price hitting $1.
Terra Luna Classic (LUNC) futures open interest has climbed by over 10% across exchanges in the last 24 hours, Coinglass. Whereas, 1000LUNC futures OI has jumped 16% on Binance and Bybit in the past 24 hours as Terraform Labs (TFL) announced to restrict access to some Terra products and features from users in the US.
Meanwhile, USTC price also jumped over 2%, with the price changing hands at $0.01892. The price climbed 20% higher last week. The 24-hour low and high are $0.01857 and $0.01957, respectively.
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Key developments within the Terra Classic community are shifting LUNC price prediction positively. After two weeks of market doldrums, the token woke up strongly midweek to trade at $0.0001089 on Thursday. Other altcoins have also been moving in tandem with Bitcoin. The largest cryptocurrency is back above $66,000 and looks to close the gap to $70,000 in May.
Developments like the Inter-Blockchain Communication (IBC) client will ensure interoperability between the Terra Class network and Kujira. Based on the prevailing technical structure, the LUNC price prediction affirms a potentially massive bullish outcome in the next few weeks and months.
Terra Classic Community Developments Could Pave The Way for LUNC Bull Rumor this week is that Coinbase is considering reinstating support for LUNC. As reported in the Terra Classic price analysis, the push for such a move may be motivated by a spike in staking, not to mention the increase in market activity.
Coinbase relisting Terra Classic could build FOMO for the token and accelerate the move above $0.001. LUNC price prediction shows the token hovering at $0.0001022 on Wednesday.
Despite the spike in community, Terra Classic has mirrored the general sluggishness of cryptocurrency assets where major movements are scarce. A 1% loss in the last 24 hours in conjunction with a 10% decline in the trading volume to $20.4 million, underpins decreasing investor interest.
Terra Classic also posted a 3% drop in the market cap to $592 million. The token ranks #111 among other cryptos according to CoinMarketCap data.
Developers recently announced a major upgrade for the LUNC token, expected to ignite a bullish momentum toward the coveted target of $0.001.
Moreover, a vote on overhauling the LUNC burn tax was also passed. The idea is to ensure that the burn tax is optimized via the Oracle Pool and in the end enhance network efficiency.
LUNC Price Prediction: Fighting For A Breakout Terra Classic price has fiercely defended support at $0.0001 as shown on the daily chart. A recovery from this level is gaining strength, with LUNC expected to breach resistance at $0.0001060, highlighted by the 20-day Exponential Moving Average (EMA) (the blue line overlaying the chart).
LUNC price prediction chart | Tradingview The Relative Strength Index (RSI) position at 45 and its potential for recovery above the midline, reinforces the growing bullish grip. Should the RSI breach the descending trendline resistance, it could ignite a fire in LUNC paving the way for gains beyond $0.001.
A death cross pattern formed when the 50-day EMA (the red line overlaying the chart) recently flipped below the 200-day EMA (the purple line on the chart), emphasizing that sellers have a say and cannot be ignored, especially with the crypto market still unsure of the direction to take.
Therefore, traders should be ready to DCA if LUNC dips to or below $0.0001 support keeping in mind the double bottom support around $0.00008.
On the upside, a break above the dotted trending might catapult LUNC 66% higher, marking the validation of the double-bottom pattern.
Kujira token’s price has dropped by over 47% below $0.5. The team is currently facing massive liquidation events on some leveraged LP positions. In a Telegram post, the Kujira team said their positions were being attacked. Cosmos crypto project Kujira is facing a massive liquidation event that has seen its token KUJI tank by over 47% since early Thursday. The team claims their leveraged positions were attacked.
Kujira Foundation is said to have four leveraged LP positions – KUJI/USDC, KUJI/ATOM, KUJI/USK, and USDC/USK – on its Ops wallet. These positions are now being liquidated as prices drop further. The liquidations have led to the wallet balance dropping to $8.7 million from over $12.4 million earlier today.
Kujira still has $5 million debt pending liquidation In a Telegram post, the Kujira team said people are targeting their positions.
“As a team we thought the best use of a portion of ops funds would be to leverage and deploy across the ecosystem in order to bootstrap liquidity and activity,” the post said. “Sadly this coincided with various attacks. People targetted the team positions, and it’s been a constant fight since these positions were created.”
With over $3 million in KUJI feared to have been liquidated already, another $5 million still remains in outstanding debt pending liquidation, according to the analysis posted by Rarma on X.
KUJI’s price has dropped by 47.9% to $0.4818 from today’s opening price of $0.9251. At the current price, KUJI is down over 91% from its all-time high. A day earlier, Kujira’s stablecoin USK also briefly got de-pegged, dropping to $0.94.
Kujira insists this is not a Terra situation The situation has had some people in the crypto space say Kujira project is a “slow rug” and others have dubbed it the next Terra, especially since both projects are based on Cosmos blockchain. However, the Kujira team refuted the speculation, saying “This isn’t a Terra type situation.”
“It’s a contained amount of debt, that will be dealt with one way or another. It is hurting KUJI price which we realise, but can only ‘spiral’ so much,” Kujira said.
It’s worth mentioning that Kujira started off on the Terra Classic blockchain before moving to its layer-one network on Cosmos after Terra imploded.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Ibiam Wayas
Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.
The price of Kujira token (KUJI) has dropped by 42.68% in 24 hours, standing at $0.5451. The Kujira Foundation is facing a liquidation crisis with $5 million outstanding debt. The team insists that the situation is not comparable to the collapse of Terra, despite speculation. Kujira, a project based on the Cosmos blockchain, is going through a significant crisis that has led to a 42.68% drop in the price of its KUJI token, which now stands at $0.5451.
This collapse has been caused by a series of massive liquidations that have deeply impacted the stability of the project.
The Kujira Foundation currently has several leveraged positions in its Ops wallet, including cryptocurrency pairs such as KUJI/USDC, KUJI/ATOM, KUJI/USK, and USDC/USK.
These positions are being liquidated due to falling prices, which has reduced the wallet balance from $12.4 million to $8.7 million in a short period.
Additionally, it is estimated that more than $3 million in KUJI has already been liquidated, while the outstanding debt amounts to $5 million.
Kujira (KUJI) token has seen a 42.25% drop over the past 24 hours, trading at $0.5485 according to CoinMarketCap.
This drastic decline in value is the result of a series of mass liquidation events that have severely affected the stability of the project.
The drop in price reflects the current difficulties facing the Kujira Foundation, with a liquidation crisis in its leveraged positions having intensified market volatility.
The team has communicated that its positions are under attack and has attempted to manage the impact of these liquidations.
In a recent message, they explained that the decision to leverage and deploy funds to stimulate liquidity and activity in the ecosystem coincided with targeted attacks on their positions.
Although these attacks have exacerbated the situation, the team says they are not seeking sympathy, but are trying to explain the events that have led to the current crisis.
Situation Management and Kujira Team Response The Kujira team has addressed the situation by acknowledging responsibility for the impact on KUJI’s price and apologizing to the community.
They say they are working on different strategies to manage the debt and that a detailed plan will be communicated shortly.
Despite speculation that this crisis could be comparable to the collapse of Terra, the team emphasizes that the debt is contained and manageable.
According to them, although the situation is affecting the price of the token, this drop cannot continue indefinitely.
The team has also stated that they are re-evaluating their roles and strategies to ensure the community is best served.
They recognize that trust has been damaged and are committed to restoring it and focusing on what is best for everyone involved.
Although Kujira faces significant challenges, the team believes the technology and potential of the project remain strong.
The current situation is considered a critical point for the evaluation and continuous improvement of the project, always seeking the well-being and stability of the community.
The Kujira team says the treasury is not at risk, and proposes the formation of a DAO to manage the treasury and core protocol.
Kurjia’s native token KUJI is plummeting after the foundation was liquidated on its leveraged liquidity positions.
Kujira’s KUJI token is down 42% on the day, and the chain's total value locked (TVL) is down 22% to $38 million in the past 48 hours according to DeFiLlama.
KUJI Price - CoinGeckoThe foundation attributes the liquidations to poor timing, as their leveraged deployments coincided with “exploits, socially engineered attacks and fallouts within the ecosystem” and the rate of selling made defending their positions “impossible,” according to a statement it published on social media.
Kujira is a decentralized finance (DeFi) and fintech-focused Layer 1 blockchain built on the Cosmos software-development kit (SDK). The chain is semi-permissioned, meaning new dApps must be approved by governance prior to their launch. Kujira launched in July 2022, and reached an all-time high TVL on March 8, 2024.
Moving forward, the foundation proposes to create the Kujira Operational DAO, which will take ownership of the remaining treasury and core protocols. They also proposed that the community pool be migrated to the DAO.
The migration process will use Fuzion’s OTC Bonds product, which would offer the community vested KUJI at a discounted rate.
Kujira is looking for a potential bailout amid a series of losses and bad debts. The team confirmed they have engaged with AADAO and other foundations in the Cosmos ecosystem. KUJI’s price dropped further to $0.39. After seeing its token KUJI crash by more than 50% on Thursday due to overleveraged positions, the Kujira team is now in talks for a bailout to salvage the project.
In a Telegram post on Friday, the team confirmed they were in talks with Atom Accelerator DAO (AADAO) and other foundations for a solution. AADAO is a community-oriented fund for projects building under the Cosmos (ATOM) ecosystem.
“We had a really good call with AADAO and it’s looking like there’s a good solution,” the team wrote. “We’ve had incredible support from various cosmos teams and foundations and it looks like a bright future is ahead.”
KUJI’s problems started with the liquidation of its leveraged positions The trouble for Kujira escalated yesterday as the team’s overleveraged positions on KUJI got liquidated on the claim that “people targeted the team positions.” The cascade of liquidations that ensued led to KUJI price tanking by over 50% below $0.5 as of August 1.
At the time of writing, the price of KUJI’s stablecoin, USK has yet to make a full recovery. The stablecoin USK fell to as low as $0.87 before also recovering to $0.91. KUJI fell by another 22% to $0.39 on Coingecko. It had dropped to $0.258 early in the day before slightly recovering to the current price.
USK stablecoin price chart, Coingecko. Kujira needs a bailout Kujira needs as much bailout as it can receive, as the situation seems more dire than the project has been willing to let on. USDC lenders on Kujira are currently stuck with their holdings on the protocol.
Oh shit! $KUJI$USDC pic.twitter.com/eBIGQvExvY
— Liquid E.T. (@natlozart) August 2, 2024 Kujira’s USDC treasury has been depleted to the extent that the liquidation engine does not have enough to repay lenders. Currently, there are still millions that need to be repaid. Although the USDC deposit rate has gone up to over 290% APR, it appears too risky for potential investors. Many of them are cautious there is a slim chance they will be able to regain their asset if they lend their USDC.
If Kujira secures a bailout large enough to cover the USDC borrowed from its treasury, it could help clear the backlog of pending USDC withdrawals by lenders. It could also mark the beginning of a resolution, starting with lowering the utilization and APR rates. This will allow for the loans to be settled without the liquidation bids kicking, which will, in turn, save prices from dipping further.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Ibiam Wayas
Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.
Updated Aug 2, 2024, 11:55 a.m. Published Aug 2, 2024, 11:52 a.m.
2 min read
(Unsplash)Lack of risk management in financial bets by the Kujira Foundation led to a 55% drop in KUJI token prices within 24 hours.Liquidations of leveraged positions by Kujira's operational wallet resulted in significant losses and further price declines.Kujira plans to establish a DAO to manage its treasury and core protocols, aiming to reduce debt and increase transparency.The team behind Kujira, a decentralized finance (DeFi)-focused blockchain, put up leveraged liquidity positions that backfired, wiping 55% off the value of the network's KUJI tokens in 24 hours.
Wallets belonging to the Kujira Foundation, which builds and contributes to running Cosmos-based Kujira, started to see their KUJI holdings automatically liquidated on Thursday as some of their leveraged positions on the protocol became bad debt to the tune of millions of dollars.
Another day... sadly, another Cosmos event.
This time, it looks like the Kujira Foundation Ops wallet is being liquidated on their leveraged LP positions.
Dropping the price from 86c to 60c, so far.
You can see the balance of the ops wallet (it doesn't show Leveraged LP… pic.twitter.com/yMquKOMdai
— Rarma (@Rarma_) August 1, 2024 The liquidations occurred as loans taken by Kujira from their publicly allocated KUJI tokens became undercollateralized during a period of general market volatility. The liquidations sent KUJI lower, leading to more liquidations, even lower prices and a downward spiral.
Liquidations are the automatic closure of a trader’s leveraged position due to a partial or total loss of their initial margin. They can be stopped in time if a trader tops up funds to keep their position open.
In a Telegram broadcast message on Thursday, a Kujira team member said the leverage positions were taken out in the hope they would drive value across the network’s set of applications.
“As a team, we thought the best use of a portion of ops funds would be to leverage and deploy across the ecosystem to bootstrap liquidity and activity,” a @team_kujira member wrote on Telegram. "We genuinely felt like this was the correct course of action.”
“Sadly this coincided with various attacks. Not trying to feel sorry for ourselves but just explaining the sequence of events. People targetted the team positions, and it’s been a constant fight since these positions were created,” they wrote.
Kujira had more than $124 million worth of funds locked at its March 2024 peak. The value was down to $50 million earlier this week and $35 million on Friday morning following the KUJI token liquidations.
In a Friday post on X, the team said it would create a decentralized autonomous organization (DAO) – an organization managed in whole or in part using a blockchain-based voting system – to take ownership of the Kujira Treasury and core protocols “with an initial mandate to safely reduce debt.” It said there was 14 million KUJI, worth $5.5 million at current prices, in the treasury.
“This DAO will also assume control of the configuration of the core Kujira Protocols,” the team wrote. “Combined with upcoming admin dashboards, this will create transparency over how these protocols run, and allow the community to propose changes that will be voted on by members of the DAO.”
GM all. We’d like to address the current events.
As a team we thought the best use of a portion of ops funds would be to leverage and deploy across the ecosystem in order to bootstrap liquidity and activity. We genuinely felt like this was the correct course of action at the… pic.twitter.com/qBw9w6y94b
The plan involves several critical steps designed to stabilize the platform and position it for future growth. First, the recovery plan focuses on repaying the operational debt through two distinct PILOT sales. The first sale is targeted at clearing the $USDC debt, while the second will address the $USK debt. This dual approach will not only resolve the existing liabilities. Also, it helps in converting the BOW leverage liquidity positions into protocol-owned liquidity, enhancing the platform’s financial stability.
Steps to Resolve Debt and Improve Stability Another significant aspect of this recovery strategy is the opportunity it provides for community members. The PILOT sales will accept bids in both $USDC or $xUSDC for the first sale, and $USK or $xUSK for the second sale. This setup allows participants with funds locked in the GHOST lend vaults to use their xAssets to bid, making the process more inclusive and providing broader engagement opportunities.
Source: X Bidders will be vying for $rKUJI (recovery KUJI) tokens through the PILOT sales. These $rKUJI tokens will be redeemable 1:1 for $KUJI once the necessary balance is freed from collateral and undelegated. This mechanism is designed to ensure that participants who contribute to the recovery effort are compensated with tokens that will have future value as the platform stabilizes.
Details regarding the specific terms of the PILOT sales, including the cliff, vesting schedules, base price, and maximum discount, are still being finalized. The Kujira team has committed to providing further information on these aspects and the overall timing of the recovery process shortly. Here are more info about the recovery plan:
Source: X Additionally, the recovery plan includes significant structural changes within Kujira. These changes will necessitate further discussions and votes from the community. To manage the treasury and ensure transparency, a trusted committee—separate from the founding team—will be established. This committee will likely employ DA0 DA0 tooling for multisig wallets and other essential features to enhance governance and security.
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Kujira and THORChain Unite to Enhance DeFi Capabilities and Liquidity This partnership is expected to accelerate Kujira’s growth and solidify its position in the DeFi sector. A key component of this partnership is an underwritten token raise designed to clear existing debt. It also aims to align the economic interests of both the Kujira and THORChain communities.
This token raise is unique in that it is open to the community, ensuring broad participation and support. Importantly, this initiative is accompanied by operational changes aimed at preventing similar financial challenges in the future. These changes will strengthen the overall resilience of the Kujira platform.
Source: X JPTHOR, the founder of THORChain, has committed to backstop the token raise with $3 million. This set a minimum threshold for the funds raised via the PILOT platform. This commitment ensures that depositors in affected vaults can withdraw their funds after the conclusion of the sale.
It offers a significant layer of security and confidence to all participants. This move signals the partnership’s potential and the commitment of both parties to its success.
The upcoming token sale is expected to be a pivotal moment for Kujira. It will go live shortly after a community vote ratifies the outlined details. The sale will run for three days and will feature two concurrent auctions—one aimed at repaying the $USDC debt, and the other at repaying the $USK debt.
Source: X Participants will have the flexibility to bid with both $USDC and $USK, as well as their respective wrapped tokens, $xUSDC and $xUSK. This inclusive approach allows current depositors to participate fully, ensuring that the entire community has a stake in the future of Kujira.
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Decentralized cross-chain liquidity protocol THORChain experienced a price surge of 14% on Aug. 14 morning, making it one of the leading gainers in the crypto market.
With a one-day trading volume above $272 million, THORChain (RUNE) gained nearly 13.6% and exchanged hands around $3.70 at the time of writing. RUNE allows crypto users to exchange digital tokens across several blockchains, including Bitcoin.
RUNE 24-hour price chart — Aug. 14 | Source: crypto.news This recent uplift in THORChain‘s market performance is partly due to its new partnership with Kujira, which aims to enhance the liquidity within Kujira’s suite of decentralized finance applications. This collaboration seeks to bolster growth and stability for both platforms.
A distinctive feature of their partnership is the community-driven token raise, which contrasts with traditional fundraising methods by allowing wider community involvement. The initiative is designed to manage existing financial obligations and synchronize the economic interests of both the Kujira and THORChain communities, fostering a stronger interconnection and resilience within their ecosystems.
Additionally, the partnership encompasses strategic and operational adjustments to mitigate similar financial issues in the future.
THORChain has also formed alliances with SwapKit and Noble to integrate stablecoins into the THORChain AppLayer. Noble will facilitate this integration by providing native USDC issuance, enhancing the user experience by simplifying deposits into the AppLayer with single-click functionality.
These collaborative efforts are indicative of a larger trend in the defi space, where platforms are joining forces to improve liquidity, user engagement, and overall financial stability.
Additionally, Bitcoin’s (BTC) recent surge past the $61,000 mark on Aug. 13 likely played a significant role in THORChain’s upturn. BTC, the largest cryptocurrency, rose by over 3%, with trading volumes around $29.2 billion.
BTC’s market cap also increased by 3.14% to $930 billion as of press time. This surge in Bitcoin’s metrics came a day after spot BTC exchange-traded funds experienced net positive flows, which were more than five times greater than those of spot Ethereum ETFs.
Meanwhile, the global crypto market cap also saw a 2.3% increase in the last 24 hours, standing at $2.14 trillion at the time of writing.
THORChain’s RUNE price experienced a 13% rally, catapulting it to the forefront of the market’s gainers. This surge was not merely the result of market whims but rather a strategic play intertwined with Bitcoin’s bullish momentum and a pivotal partnership with Kujira.
Key to the rise is THORChain’s fresh collaboration with Kujira, which improves liquidity and community interaction.
The Kujira collaboration is noteworthy for its community-driven approach to fundraising. Unlike traditional methods, this project empowers the broader community to participate actively, ensuring a more inclusive financial model.
This approach aims to address existing financial challenges and promote stability within both ecosystems, fostering a more resilient DeFi environment.
Partnerships and Integrations Bolster THORChain Price In addition to the Kujira partnership, THORChain has been busy expanding its network through alliances with SwapKit and Noble. These partnerships are crucial for integrating stablecoins into THORChain’s AppLayer, enhancing the platform’s usability and liquidity.
Noble’s role in providing native USDC issuance is particularly key, streamlining the deposit process with single-click functionality and further integrating stablecoins into the THORChain ecosystem.
The partnerships between THORChain, SwapKit, and Noble illustrate a growing DeFi trend where platforms collaborate to boost liquidity, improve user experience, and strengthen financial stability. By tackling current issues and adding new features, these alliances could significantly benefit the RUNE ecosystem’s long-term success.
These strategic moves are indicative of a larger trend within the DeFi space, where collaboration is key to improving liquidity, user engagement, and financial stability. By integrating stablecoin support, THORChain is positioning itself as a more versatile and user-friendly platform in the competitive DeFi landscape.
Bitcoin’s Impact on the Broader Market The current price explosion by THORChain also corresponds with an evident rise in the value of Bitcoin. Bitcoin exceeded the $61,000 barrier on August 13, which set off a strong knock-on effect throughout the crypto market
A surge in trading volumes, reaching approximately $29.2 billion, accompanied Bitcoin’s rise of over 3%. The increase in Bitcoin’s market cap, which grew by 3.14% to $930 billion, has undoubtedly played a role in the bullish sentiment surrounding THORChain and the general market.
The broader crypto market also saw an uplift, with the global market cap increasing by 0.39% to $2.09 trillion.
This narrative of surges, alliances, and data-driven innovations points towards a future where decentralized finance takes center stage, showcasing the power of strategic collaborations and visionary movements in the ever-evolving world of cryptocurrencies.
Disclaimer
The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.
Varuni Trivedi
Varuni has been in the web3 space for half a decade, witnessing the changing dynamics of DLT, Blockchain and Web3. With 8 years of journalistic expertise, she has a keen interest in emerging technology and their impact on society. She has published news and on-chain analysis articles on Nasdaq as well as some of the top web3, crypto news firms. Currently, she heads The Coin Republic as the Editor-In-Chief.
In This Article THORChain Founder Claims That Rujira Could Rival SolanaThe RUJIRA Alliance Has Been Born Out Of Necessity After The Kujira Team Mishandled Its Treasury Decentralized finance (DeFi) network Kujira and three major ecosystem projects have announced plans to merge into a single entity called the “Rujira Alliance.” The alliance aims to build a new application layer for the cross-chain liquidity protocol THORChain.
The alliance will see Kujira merge with three of its “key ecosystem” partners: Fusion (FUZN), Unstake (NTSK), and Wink (WINK). The four teams will work together to develop the new app layer on THORChain, which will be powered by a new token called RUJI.
THORChain Founder Claims That Rujira Could Rival Solana I'm super excited to have the opportunity to build alongside @TeamKujira ecosystem and ship a flagship COSM-WASM chain with massive liquidity.
– well funded
– well organised
– well supported
– single brand and identity
– cohesive ecosystem
What is on offer here is not "another…
— JP.THOR | ACEL (@jpthor) September 9, 2024
The merge will not affect the functionality of Kujira’s existing KUJI token or the project’s native blockchain network. The Kujira and THOR teams have stressed that merging into RUJI will be voluntary.
John-Paul Thorbjornsen aka ‘JP THOR’, is the founder of THORChain and has been speaking on the alliance. In a post on his X account, JP said that Rujira can rival Solana.
“What is on offer here is not “another little project” – it is an L1 DeFi behemoth that can rival Solana – simply because it has worked out: security, decentralization, liquidity, governance, and no MEV. Bringing back Terra 2020 app-chain vibes LFG!!!” Thorbjornsen said.
In an interview with Cointelegraph, JP said that the new project would feature a “combined treasury” and that he would be the project lead for the foreseeable future, allowing the Kujira team to focus solely on building out the Rujira app layer.
He went on to say that the new app layer will feature a product for each major DeFi vertical, including order books, perps, a token launchpad, non-fungible tokens (NFTs), lending, and money markets, which is “fully plumbed to eight chains already.”
Brand new fully onchain orderbook DEX is launching
$200m+ in starting seed liquidity, including $42m+ $BTC
Complete full featured DeFi ecosystem right out of the gate
Native crypto deposits, revenue paid out to stakers
The RUJIRA Alliance Has Been Born Out Of Necessity After The Kujira Team Mishandled Its Treasury This new alliance is necessary for the Kujira network. It was announced last month (August 1) that its founding team was facing a series of liquidity issues stemming from “exploits, socially engineered attacks, and fallouts within the ecosystem.”
The team started a KUJI sale to pay for the bad debt, with the token available at a discounted price. JP participated in the sale and bought between $2-3 million worth of KUJI on a pre-agreed condition that Kujira would migrate to THORChains new applayer.
GM all. We’d like to address the current events.
As a team we thought the best use of a portion of ops funds would be to leverage and deploy across the ecosystem in order to bootstrap liquidity and activity. We genuinely felt like this was the correct course of action at the… pic.twitter.com/qBw9w6y94b
— Rujira (@RujiraNetwork) August 1, 2024
At the time of the August 2 announcement, the KUJI token tanked around 70% in less than 24 hours. It is currently trading for $0.38, down 13.4% in the past 24 hours. KUJI has fallen over 93% from its all-time high of $5.56 on December 13, 2023.
On the other hand, following the announcement, THORChain’s native RUNE token has been up 7% in the last 24 hours. It is currently trading at around $3.92. All token data is from Coingecko.
(COINGECKO)
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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The Kujira team has announced a new merger with fellow DeFi ecosystems called the Rujira alliance. The alliance also plans to merge the respective ecosystems’ tokens into one $RUJI token. DeFi projects have become quite huge in number in the past few months. Partnerships between different web3 ecosystems are a cornerstone of DeFi advancements. Recently, the DeFi project Kujira has announced a partnership with three other ecosystems to build the layer 2 THORChain app.
Notably, the ThorChain is utilized by Kujira as a Layer 2 shifting from its initial L1 due to several issues. The recent alliance aims to build a THORChain app according to the Wink Hub’s official announcement. Additionally, the partnership includes Wink, Unstake, and Fuzion, the other DeFi ecosystem projects of Kujira in the Rujira alliance.
Furthermore, the Rujira alliance also aims to launch a new token called the RUJI that will be issued on the THORChain. Kujira team’s detailed article also stated the partnership will include web3 protocol Levana in the coming months. It stated that the alliance will attempt to combine the tokens of the aforementioned projects – $KUJI, $FUZN, $WINK, and $NSTK into the $RUJI token.
Moreover, the Kujira partnership with THORChain occurred on August 9, after the project faced issues in its L1 blockchain. Separately, the Kujira team discussed how the Rujira partnership would aid them in addressing liquidity issues that they faced previously. They also highlighted other benefits that they expect from the partnership.
How will the Rujira Alliance Operate? The official announcement states the Rujira project shares for each ecosystem and the RUJI tokenomics in detail. It states that for the Project allocation, KUJI will receive 45.57% of RUJI supply. Meanwhile, FUZN, NSTK, and WINK will receive 1.56%, 1.44%, and 1.43% respectively.
On the other hand, the team has allocated the remaining 50% of RUJI for acquisitions, ecosystem funds, operations, and new investors. Meanwhile, the Kujira ecosystem will receive 91.1% weight of the market cap.
Finally, in the last few days, other DeFi projects also announced advancements. Relatedly, BounceBit announced the launch of its CeDeFi V2 in September.
Highlighted Crypto News Today:
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A passionate writer who is exploring the world of crypto. In my spare time I write poetry and read novels.
Viberate is a unique blockchain project that is trying to bring all the participants of the global music industry together on one platform.
Viberate is an Ethereum-based project focused on the talent present in the global live music scene. It brings together the management agencies and event organizers with the artists and fans and bypasses the large organizations that have controlled the music industry for so long.
While ambitious, can the project realistically break into the industry?
In this Viberate review, I will attempt to answer that and give you everything you need to know about the project. I will also take a look at the long term use cases and adoption potential of the tokens.
How Viberate WorksViberate works with both businesses and consumers in its aim to integrate the many different segments of the music industry. Because there are so many aspects of the business model it can be somewhat hard to comprehend, but suffice it to say that if it involves live music then Viberate is involved in some manner.
Image via Bitcoin Talk
With Viberate smaller, up-and-coming artists are able to put themselves forward and connect with the agencies and venues looking to work with them. In short, Viberate wants to shake up the music industry and make it fair for everyone.
Business to Consumer (B2C)The first thought you might have is how Viberate will work to connect the fans (consumers) with artists, venues, and events (business). Basically, the team has come up with two B2C use cases.
Ticket Sales & BookingThe primary model for business to consumer markets is offering tickets for live events, festivals, concerts, and other music venues. Viberate has created affiliate partnerships with ticketing agencies such as Ticketmaster and generates revenues from the sale of tickets.
Future plans are for Viberate to create its own ticketing agency. Billed as the Digital Ticket Exchange (DTX) it will allow fans to buy tickets using cryptocurrencies and will send the tickets directly to their wallets as an ERC-20 token.
Some of the Tickets on Sale at Viberate
Ticket fees will be held in escrow by smart contracts, allowing fans to get refunds in the event a concert doesn’t go off as planned. There are also plans to include functionality that will permit users to resell their tickets if they aren’t able to use them for some reason.
Event CrowdfundingAnother B2C plan is to create a platform that allows fans to crowdfund a performance. This will allow fans to create a crowdfund that brings their favorite artists to them. It will work by having a group stake VIB tokens and when a certain threshold is reached the crowdfunding campaign is automatically sent to social media platforms for promotion.
If the crowdfunding raises enough the donors will receive digital tickets in their wallets. The artist will be asked to perform and if they agree they get their share of the funding. If the threshold isn’t reached all the VIB tokens are refunded to the donors.
Business to Business (B2B)Viberate is really nothing more than a database of five different subsets within the music industry. The databases are updated by users of the Viberate app, who are compensated for adding new artists, events and venues.
The database also tracks booking agents and event organizers, but these sections are not public facing. Instead, they are kept separate for business users. The platform allows for interactions between different groups in a variety of ways and the VIB token is the incentive for interaction.
Matching Artists with OrganizersViberate performs a function similar to that of a booking agent by matching musicians with event organizers, but on a much larger scale. And smaller musicians, who may not be able to afford a booking agent, are able to get matched with venues, benefiting both the artists and the venues.
Connecting Artists with Event Organizers
Smart contracts are used to hold fees and payments in escrow, and these fees are paid in either VIB or ETH tokens. There is a small commission charged by the Viberate platform as a booking fee, but it is far smaller than the fees charged by traditional booking agents.
The platform also makes it possible for merchandisers or other business interests to obtain the manager or agent details of the artists listed. There is a premium fee charged for this detail, with the premium paid in either VIB or ETH.
The platform also makes it possible for other types of connections. One case would be event organizers, who can use Viberate to search for available venues for an event they are planning.
Viberate IncentivesEvery user of the Viberate platform is able to earn rewards from the daily VIB bounty pool. These rewards are based on the activity of the user, with rewards for adding to the database, maintaining listings, referring friends and other activities. Both consumers and businesses can receive these rewards.
The VIB bounty pool was made up of a fixed 10 million VIB tokens. Five percent of those were issued during the ICO and the remainder are released at a rate of 5,000 per day for the first 2,000 days the platform is in existence.
How to contribute to the Viberate Database
Once all 10 million bounty tokens have been released it is unclear how the bounty pool will be refilled. The whitepaper states that it can be refilled from other token streams and that no new coins will be issued. We can assume that the bounty tokens will come from the fees collected by the Viberate platform.
The Viberate TeamViberate was started in 2016 and came from the success of the Topdeejays.com website that was begun back in 2013. Viberate 1.0 was not a blockchain project, but soon after the creation of Viberate, the founders saw the benefits of putting the project on a blockchain and so hired developers to do just that. Viberate 2.0 was launched several months later.
The founders of Viberate are three Slovenian friends with a passion for music. None of them have any background in blockchain, but they all have extensive experience in the music industry.
Matej Gregorcic is the CEO of Viberate and one of the three founders. He also co-founded the blockchain commerce platform Eligma. He got his start in business when he began a marketing agency as a teenager. That agency eventually grew to be the largest marketing agency in Slovenia.
The second co-founder and COO of Viberate is Vasja Veber, who has over 10 years in the music industry. He is also the manager of the third co-founder and ambassador for the Viberate platform, Uroš Umek. Also known as DJ Umek, he is credited with kickstarting Slovenia’s techno music scene.
The Founding team of Viberate
The technical side of the project is handled by Slovenian developers Bostjan Zakelj, Rok Bavec, and Rok Babic.
There are other blockchain projects in the music industry, but the Viberate platform is unique in its creation of connections between all areas of the industry. There’s also Ceek VR, but it is looking to provide fans with virtual reality live music broadcasts. And then there’s Soundcoin and Musicoin, but both of those are focused on royalty payments for artists.
Something else that is really important for a project to grow is that there is a strong and enthusiastic community behind it. This is especially the case with Viberate as their entire ecosystem is built around users submitting data for the VIB tokens.
So, I decided to take a look into the extent of the Viberate community.
Firstly, they have an official Twitter account that has just over 32k followers. They seem to be quite active there and are constantly keeping the community up to date with the latest announcements to come out of the project.
They also have a Telegram channel with just over 4k members. I dived into it to see what was going on in there. Despite the admins being quite responsive and welcoming to the users, there was not much community discussion going on. Not the ideal ecosystem for fostering adoption.
Limited Telegram Activity
For those who still use Facebook, Viberate has over 100k likes on their official page. However, this is not kept as up to date as their Twitter account. Finally, there is also a reddit subreddit for Viberate but this is also quite silent with not that much community interest in the posts.
Based purely on the community interest in the project on their social channels, it does appear as if Viberate needs to do a better job of spreading awareness. There needs to be more emphasis on the benefits of contributing data and using their event marketplace.
VIB TokenViberate held an ICO soon after migrating to the blockchain, raising $12 million in a single day (September 5, 2017) as they sold 120 million VIB tokens at $0.10 each. The price of the tokens nearly tripled on the release day, but quickly dropped back and traded between $0.15 and $0.20 over the next few months.
After dipping nearly to the ICO price in December the token got caught up in the cryptocurrency bull market of December 2017 / January 2018. It hit its all-time high of $0.718929 on January 4, 2018, and after spending about a week at and near that level it began the long decline that would take place over the remainder of 2018.
By June 2018 the token was trading below its ICO price, and it continued declining until reaching a low of $0.020143 on December 14, 2018. The token bounced modestly off that low but remained below the $0.03 level until March 2019. A month later it topped the $0.04 level and as of May 2019, it was trading above the $0.05 level. It hasn’t moved much above that, and so remains nearly 50% off its ICO price.
Register at Binance and Buy VIB Tokens
If you want to get some VIB tokens you can get them at Binance, or Bittrex, or UpBit. They’re also available from OKEx. Despite this selection, almost 80% of the volume is currently being traded on Binance on their BTC and BNB markets.
This opens the volume and liquidity up to "key exchange" risk. If VIB is ever to be delisted for whatever reason, there is a risk that the liquidity of the token will collapse. Currently though, there is a reasonable level of volume on these books and there has been no indication of any delistings.
If you have bought VIB tokens or earned them through contributions, then you are going to want to store them in a secure location. VIB are ERC20 tokens which means that you have a pretty good selection of wallets to use. The safest option is the likes of a Ledger Nano although you can also use MyEtherWallet / MyCrypto.
ConclusionWhat Viberate is doing is incredibly far-reaching and ambitious. The music industry is huge, as evidenced by the fact that Viberate now has over 460,000 artists, more than 500,000 events, and beyond 100,000 venues in their database.
The company also has first mover advantage in its niche and is the only blockchain project targeting the entire live music industry. That’s good but could also work against Viberate if they overextend themselves by going after too many subsectors of the industry.
Thus far, putting aside the decline in the price of the VIB token, the project seems to be growing and finding success. What it really needs from the consumer side at this point is the addition of its decentralized ticket broker. That would push the project to the forefront and having more transparency in the ticketing process would certainly benefit the fans.
One final positive about the project is that it is motivated not by money, but by the passion of the founders. This is a group who truly love music and are looking for ways to improve live music for everyone involved in the ecosystem, from fans to musicians to the organizers and venues.
If you want to keep up to date with the latest news from the Viberate team then you can follow their official blog.
Viberate (VIB), based on the Ethereum (ETH) network and primarily developed for the music industry, is a cryptocurrency that aims to completely transform the music industry. It presents itself to investors as a decentralized network that can be utilized by industry professionals.
This includes composers, organizers, artists, music experts, professional musicians, sound engineers, database experts, marketing managers, designers, DJs, and anyone related to the music industry you can think of.
Users can communicate in a decentralized manner through Viberate and share their works. Viberate also offers copyright protection for some works and the option to earn revenue from content. The pages created by artists are protected by copyright laws, offering unique features to users.
What is Viberate (VIB)?At the core of all these features lies Viberate Coin. Users can conduct research related to the music industry with Viberate Coin and find works related to any artist they desire. In addition, users sharing their works can earn Viberate Coin in return. All content creators and artists using the platform can earn Viberate Coin in exchange for their efforts.
Where to Buy VIB Coin?VIB Coin can be purchased from Binance, one of the world’s safest and most liquid cryptocurrency exchanges. VIB Coin is available on Binance, the world’s largest cryptocurrency exchange by trading volume. Bitcoin or Tether trading pairs can be used for purchasing VIB. Before making a purchase on Binance, it’s necessary to open an account there and send fiat or cryptocurrency according to the cryptocurrency to be traded. It is mostly known that USDT supports many trading pairs.
The highest volume is with the VIB/BTC trading pair, accounting for 61% of the volume. The liquidity provided by Binance will offer a flawless trading experience to its users. Users can also purchase VIB Coin through the VIB/USDT trading pair on Binance, even if it has a lower trading volume.
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.
Cryptocurrency exchange colossus Binance has again sent shockwaves across the broader market with its plans to delist 4 cryptocurrencies. An official announcement by the CEX on Thursday, April 24, revealed that the following tokens are to be delisted from the platform on May 2, 2025, at 03:00 UTC:
Alpaca Finance (ALPACA) PlayDapp (PDA) Viberate (VIB) Wing Finance (WING) As a result, usual market sentiments about the mentioned crypto prices remain highly bearish as one of the top crypto exchanges discontinues trading support for them.
Binance Delisting News: Here’s Why ALPACA, PDA, VIB, & WING Were Removed According to Binance’s official release, the abovementioned cryptos will be delisted shortly due to a stockpile of risk factors that hamper user experience. Per the announcement, a thorough periodic review by the CEX concluded that these assets no longer meet the level of standards or industry requirements.
In response, the crypto exchange behemoth will delist the 4 tokens mentioned above. Mentioned below are some of the key factors that the exchange took into consideration before delisting the coins.
Commitment of the team towards the project. Level and quality of development activity. Trading volume and liquidity factors. Stability and safety of the network from all types of malicious attacks Level of public communication, community engagement, and transparency. Responsiveness to our periodic due diligence requests. Binance revealed that, based on these vital factors, among many others, the decision to remove Alpaca Finance, PlayDapp, Viberate, and Wing Finance spot trading pairs was taken. Moreover, ‘Trading Bots’ services for the same will also be suspended on the same date and time.
Users can move on to the official announcement for more details on Futures, Margin, Convert, and other related delistings for these assets. Overall, the announcement has dealt a severe blow to the market sentiment for these coins, with traders and investors even speculating about a sustained price crash ahead.
How Are The Coins Performing Today? Binance’s delisting saga appears to have triggered a waning action in three of the four tokens mentioned above. WING price crashed over 30% in the last 24 hours and is currently sitting at $0.8451. Whilst VIB price also took heat, slumping 31.5% over the past day to $0.01530.
PDA price tanked nearly 17% and even hit a low of $0.009517 in the past 24 hours. However, ALPACA price has conversely gained roughly 13% to $0.04953. Crypto market traders and investors continue to monitor the tokens, mainly expecting increased volatility ahead due to the delisting.
In another similar chronicle, Binance recently delisted cryptos ACT, ALPHA, BLUR, CELR, PENGU, POND, and RUNE.
PANews reported on August 6th that Pacman, co-founder of Blur and Blast, responded to netizens' questions on the X platform, saying: "Looking forward to showing you what we have coming next." It is reported that the most recent post on Blast's official X account was published on May 13th, and it has been approximately three months since then.
They were thought fit for the digital museum, stored away in the drawers of the 2021 bull market. Yet, NFTs haven’t said their last word. After months of lethargy, the market is regaining color and even surprising crypto players. Better still, they have just overtaken DeFi in number of active users, reversing a well-established trend. Behind this rebound are diverse uses and a strategy that appeals as much to brands as to seasoned investors.
In Brief NFTs recorded $530M in July, with an average price doubled to $105. DeFi reached a record $270B in total value locked, despite fewer users. Brands like Nike and Rolex explore NFTs for authentication and marketing. Hacks cost $132M in July, highlighting the ongoing fragility of the Web3 ecosystem. NFTs Lead the Dance, DeFi Holds the Cash In July, DeFi achieved a feat: $270 billion in total value locked (TVL), a historic record. But this financial triumph masks an unexpected reality: in terms of users, NFTs have taken the lead. 3.85 million daily active wallets interacted with NFT dapps, slightly more than DeFi, out of a total 22 million.
Industry dominance by UAW in the Dapp ecosystem – Source: Dapp Radar The explanation partly lies in the hegemony of Blur, capturing up to 80% of ETH volume, attracting professional traders and loan enthusiasts through its Blend protocol. OpenSea, on the other hand, remains the leader in daily active users (27,000 traders) thanks to a multichain and diversified offering. Zora attracts creators with a low-cost mint via its Layer 2 solution and its $ZORA token.
As DappRadar notes:
NFT trading volumes surged by 96%, propelling the sector ahead of DeFi in user numbers.
NFT: From Speculative Boom to the Era of Utility July figures speak: +96% trading volume ($530 million) compared to June, but -4% in transactions. Result: an average price doubled, rising from $52 to $105.
Blue-chip collections, like CryptoPunks (+25% in one month), drive this rebound: 9 of the 10 biggest NFT sales in 24 hours were Punks. Brands are not staying behind. Nike teams with EA Sports to launch virtual sneakers, Louis Vuitton and Rolex explore blockchain authentication, while Coca-Cola China tests digital collectibles.
NFT Trading Volume and Number of Sales Use cases are expanding: digital identity, event ticketing, gaming, tokenization of real assets. According to DappRadar:
NFTs are evolving from a simple trend to utility, shifting from collectibles and culture to identity, ticketing, gaming, and tokenization of real assets.
This shift towards utility marks a strategic change: fewer impulse buys, more integration into digital services.
A Web3 in Permanent Recomposition In the crypto ecosystem, the sector hierarchy changes fast. In July, gaming represented 22.4% of dapp activity, ahead of AI (18.7%) and NFTs (17.5%). DeFi, although declining in users, remains essential for capital: ETH surged 60% in a month – Ethereum’s crypto recently crossed the $4,000 mark -, and staking rewards reached 29.4% APY.
On Solana, Hyperliquid generated 35% of blockchain revenues, managing 60% of daily perpetual volume and $5.1 billion bridged in USDC. But not everything is rosy: exploits and hacks cost $132 million in July, a +16% increase from June.
Figures that redraw the Web3 ecosystem:
$270B: DeFi TVL record as of July 28; $530M: NFT volume in July, +96% month-over-month; 3.85M: daily active wallets on NFT dapps; $132M: losses due to exploits in July. Facing this picture, regulation advances: in the United States, the GENIUS Act and the CLARITY Act pave the way for smoother integration between decentralized and traditional finance. “Project Crypto”, presented by the SEC, even plans specific standards for DeFi.
NFTs are no longer just a trend: they are establishing themselves as a lever for transformation in the crypto universe. By diversifying their uses, they are creating new bridges between digital assets and traditional markets. A dynamic that could, in the long term, profoundly change how exchanges and trading are organized in Web3.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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American Bitcoin, backed by Eric Trump and Donald Trump Jr., will begin trading on the Nasdaq next week in the family’s latest move to expand its crypto empire.
The listing, secured through a merger with Gryphon Digital Mining, a publicly-listed BTC miner, fast-tracks the venture’s access to Wall Street capital without the need for an initial public offering (IPO).
As part of the transaction, Gryphon will implement a 5-for-1 reverse stock split to meet Nasdaq’s listing requirements. Gryphon Digital Mining shareholders approved the stock-for-stock merger on Wednesday, the company said in an Aug. 29 announcement.
“The Reverse Stock Split is expected to become effective as of 5:00 p.m. Eastern Time on Sept. 2, 2025,” it said.
Gryphon Digital Mining Announces Merger with American Bitcoin. Read the press release here: https://t.co/vtsk5yIzLJ $GRYP @AmericanBTC pic.twitter.com/Xg6JyUJ0tU
— Gryphon Digital Mining (@GryphonMining) May 12, 2025
The stock split means that every 5 shares held prior to the merger will become one share.
That will see the number of Gryphon Digital Mining shares get slashed from around 82.6 million to 16.6 million, before shares from the merger are added.
The company said that the overall value of the shares won’t change, just the stock price for each share. This is being done to meet the Nasdaq’s minimum share price requirement for listing.
After the merger closes, the stock will begin trading as Class A Common Stock under the ticker “ABTC.”
The shareholder vote and subsequent merger follows an initial agreement in May under which American Bitcoin would go public by merging with Gryphon Digital Mining.
Gryphon Digital Mining Shares Slump 10.5% Earlier this week, Gryphon Digital Mining’s shares surged after news of the merger broke. But yesterday they plunged 10.47%.
There was, however, some buying activity during the after-hour session, which saw the firm’s stock price climb over 1%, data from Google Finance shows.
Gryphon Digital Mining share price (Source: Google Finance)
Despite the recent pullback, the company’s stock is still up more than 17% over the past week and 54% on the monthly time frame.
American Bitcoin Set To Join Bitcoin Treasury Race American Bitcoin debuted in March after Eric Trump and Donald Trump Jr rebranded American Data Center under the new name. The venture was launched in collaboration with Hut 8, a crypto mining and infrastructure company who holds 80% of the firm’s shares.
When it was launched, American Bitcoin was positioned as a “pure-play” Bitcoin mining company with the aim to add a large amount of BTC to its balance sheet.
American Bitcoin has officially disclosed holdings of 215 BTC. With the upcoming access to public markets, American Bitcoin will be able to raise more capital and increase its BTC holdings..
That’s as the Bitcoin treasury race heats up, with 310 companies collectively holding 3.68 million BTC on their balance sheets, data from Bitcoin Treasuries shows.
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Elon Musk’s personal lawyer Alex Spiro will chair a new public company that plans to raise at least $200 million to create a Dogecoin (DOGE) treasury firm.
That’s according to a Fortune report that cited sources familiar with the matter who said the exact launch date and corporate structure of the digital asset treasury company is still unknown. It added that the entity is still in the pitching stage.
But the initiative also has the endorsement of House of Doge, a corporate entity that was launched in early 2025 by the Dogecoin Foundation, the report said.
Despite the news, the DOGE price slid over 1% in the past 24 hours to trade at $0.2174 as of 1:50 a.m. EST in line with a broad pullback that saw the crypto sector’s market cap drop over 2% to around $3.77 trillion.
DOGE price chart (Source: CoinMarketCap)
The meme coin has plunged more than 8% in the past week.
Number Of Dogecoin Treasuries Is Slowly Growing Up until now, crypto market leaders Bitcoin (BTC) and Ethereum (ETH) have been the preferred treasury cryptos, but there is growing interest from companies looking to build DOGE reserves.
In February, a Vancouver-based company called Neptune Digital Assets disclosed that it bought 1 million Dogecoin through a strategic derivative purchase. The average price for this buy was $0.37 per token. The company also bought 20 BTC as part of an effort to diversify its treasury.
In July, a Nasdaq-listed company called Bit Origin also announced that it had raised $500 million in debt and equity financing to build its own treasury around the meme coin. This made it the first US-traded company to openly disclose plans to add DOGE to its treasury.
Musk’s own electric vehicle company, Tesla, has also disclosed that it has a position in DOGE, without providing details of its holdings. The car manufacturer started accepting DOGE for select merchandise back in 2022.
Musk Has A History With DOGE Musk has a history with the meme coin that started all the way back in 2019, and he has referred to himself as ”The Dogefather.”
In April 2019, he made his first public comments about DOGE when he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
In July 2020, he posted the comment “It’s inevitable” on Twitter, as it was then known, with a Dogecoin-themed image that suggested the crypto could become a dominant force in the global financial system.
When asked to explain DOGE during a “Weekend Update” segment of Saturday Night Live in May 2021, he said it is “the future of currency,” adding that it will “take over the world.”
Related Articles: CFTC Clears Way For Offshore Crypto Exchanges To Service US Investors 21Shares Files For Spot SEI ETF, Joining 92 Crypto ETF Pipeline Ethereum NFT Project Doodles Joins Kaito AI For An NFT Leaderboard Best Wallet - Diversify Your Crypto Portfolio
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Easy to Use, Feature-Driven Crypto Wallet Get Early Access to Upcoming Token ICOs Multi-Chain, Multi-Wallet, Non-Custodial Now On App Store, Google Play Stake To Earn Native Token $BEST 250,000+ Monthly Active Users
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South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
BlackRock’s 2026 Thematic Outlook positions Ethereum as core financial infrastructure rather than a speculative asset. The report frames the network as a potential “toll road” for tokenized assets—capturing value through issuance, settlement, and transaction fees as real-world assets move onchain. For investors, the central question is whether growth in tokenization activity can translate into durable economic demand for ETH.
In brief BlackRock positions Ethereum as tokenization infrastructure, but avoids linking market share directly to ETH price. Rollups now secure most activity and value, weakening assumptions that tokenization growth boosts ETH fee demand. Filtered stablecoin data shows headline volumes overstate real usage, reshaping how investors assess onchain economics. Multi-chain tokenization via BlackRock’s BUIDL shifts focus from dominance to settlement paths, fees, and demand. According to BlackRock, more than 65% of tokenized assets currently reside on Ethereum. This makes the network the leading base layer for tokenization today. However, the report stops short of drawing a direct link between this share and ETH’s price performance.
Instead, it emphasizes where economic activity ultimately settles and which networks capture fees as tokenized cash and securities circulate across blockchains.
Stablecoin data is critical to that analysis. BlackRock notes that transaction volumes in its materials are adjusted to remove “inorganic activity,” such as bot-driven transfers. The firm references Coin Metrics and Allium data presented through Visa’s Onchain Analytics dashboard.
This filtering approach highlights a key limitation of raw onchain metrics: headline transfer volumes can significantly overstate real economic use, particularly when investors attempt to infer throughput or fee generation.
Ethereum’s current market share should be viewed as a snapshot, not a permanent outcome. Data from late January shows meaningful variation depending on timing and methodology. RWA.xyz’s directory view lists Ethereum with a 59.84% share of tokenized real-world assets, representing roughly $12.8 billion in value as of Jan. 22.
A separate networks view from the same platform shows Ethereum leading by value as well, with approximately $13.43 billion excluding stablecoins, based on data time-stamped around Jan. 21.
The gap between these figures and BlackRock’s early January estimate underscores how quickly tokenization data can shift. Issuance is expanding across multiple chains, while reporting windows and asset classifications change from week to week.
Tokenization Growth Doesn’t Guarantee ETH Fees as Rollups Take Center Stage For ETH holders, institutional adoption alone is not the deciding factor. What matters is whether tokenization activity settles in ways that generate demand for ETH through fees or collateral.
BlackRock’s thesis favors Ethereum as the base settlement layer for tokenized assets. That role, however, becomes more complex as execution increasingly moves off the main chain. Rollups already secure large pools of value while handling most user activity.
According to L2BEAT, Arbitrum One secures approximately $17.52 billion, and Base about $12.94 billion. Meanwhile, OP Mainnet holds around $2.33 billion, with all three classified as Stage 1 rollups.
This rollup-centric structure complicates the “toll road” analogy in several ways:
Ethereum can remain the final settlement and security layer even if users rarely transact on L1. Fee payment assets vary by rollup, affecting how much value flows back to ETH. Execution costs increasingly accrue to L2s, shifting where day-to-day activity appears. Security is inherited from Ethereum, but revenue capture is not guaranteed. Growth in rollup TVL does not automatically translate into higher L1 fee revenue. Tokenized cash is a potential driver of future transaction volume. Citi’s stablecoin report projects issuance reaching $1.9 trillion by 2030 in a base case and $4.0 trillion in a bull case. Assuming a 50x velocity, Citi estimates annual transaction activity between $100 trillion and $200 trillion. At that scale, even small shifts in settlement share across networks could have meaningful economic implications.
BlackRock and Visa Cast Doubt on Raw Stablecoin Transfer Metrics As volumes grow, measurement becomes increasingly important. Visa has argued that stablecoin transfer data contains substantial “noise.”
In one example, Visa found that reported 30-day stablecoin transfer volume fell from $3.9 trillion to $817.5 billion after excluding inorganic activity. BlackRock’s reliance on similar filtering methods reinforces its focus on economically meaningful usage rather than headline flow metrics.
If the “toll road” model depends on settlement, then organic demand that cannot be easily replicated elsewhere becomes the key variable. Multi-chain product design weakens any simple connection between tokenization growth and ETH demand.
Multi-Chain Tokenization Reshapes Ethereum’s Role as Settlement Layer BlackRock’s tokenized fund, BUIDL, already operates across seven blockchains, with cross-chain interoperability provided by Wormhole. This architecture allows other chains to function as distribution and execution layers, even if Ethereum retains an advantage in settlement credibility or issuance value.
Several dynamics now shape how investors interpret tokenization data:
Asset issuance spreading across multiple L1s and rollups. Stablecoin metrics increasingly adjusted to remove bot activity. Rollups altering where fees are paid relative to where security resides. Institutional products reducing reliance on any single platform. Settlement location becoming more important than raw transaction volume. Questions have also emerged around whether institutional tokenization will converge on a single ledger. During Davos week, that idea circulated online following remarks attributed to BlackRock CEO Larry Fink. However, World Economic Forum materials released this month emphasize tokenization benefits such as fractional ownership and faster settlement without endorsing the view that all assets will ultimately settle on one blockchain.
Ethereum’s unresolved issue is whether neutrality and decentralization can be maintained as regulated tokenization scales. Claims of transparency depend on resistance to unilateral change and on settlement finality that downstream layers rely on.
Current data shows rollups expanding under Ethereum’s security umbrella. At the same time, BUIDL’s multi-chain rollout suggests that major issuers are actively hedging against dependence on a single platform.
BlackRock’s “toll road” framing established a clear market-share benchmark above 65% earlier this year. By late January, however, RWA dashboards and new product launches suggested that the near-term debate is less about dominance. Instead, it was more about settlement paths, fee capture, and how organic usage is measured across the tokenized asset ecosystem.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
PANews reported on April 21 that, according to SoSoValue data, the cryptocurrency market saw a slight rebound, with the NFT sector performing particularly well, leading the gains with a 3.80% increase in the past 24 hours. Among them, Blur (BLUR) rose 13.35%, and Pudgy Penguins (PENGU) rose 7.50%. Meanwhile, Bitcoin (BTC) rose 1.73%, returning above $76,000; Ethereum (ETH) rose 1.28%, breaking through $2,300.
In other sectors, the SocialFi sector rose 5.63% in the last 24 hours, with Toncoin (TON) and Chiliz (CHZ) rising 5.62% and 12.54% respectively; the Meme sector rose 1.66%, with Binance Life rising 10.37%; the Layer 2 sector rose 1.53%, with ImmutableX (IMX) rising 7.38%; the PayFi sector rose 1.42%, with Safe (SAFE) rising 7.91%; the CeFi sector rose 1.39%, with Gate (GT) rising 2.79%; the Layer 1 sector rose 1.16%, with Canton Network (CC) rising 5.06%; and the DeFi sector rose 0.40%, with Curve DAO (CRV) rising 4.10%.
PANews reported on April 23 that, according to SoSoValue data, most sectors in the crypto market rose, with the NFT sector performing particularly well, rising for the third consecutive day and gaining another 2.63% in the last 24 hours. Among them, Pudgy Penguins (PENGU) rose 8.88%, Blur (BLUR) rose 8.32%, and Audiera (BEAT) and Zora (ZORA) rose 3.17% and 3.64% respectively. Meanwhile, Bitcoin (BTC) rose 2.76%, breaking through $78,000; Ethereum (ETH) rose 2.09%, approaching $2,400.
In other sectors, the Layer 2 sector rose 1.14% in the last 24 hours, with Starknet (STRK) up 18.56%; the Meme sector rose 1.12%, with SPX6900 (SPX) up 14.87%; the DeFi sector rose 0.85%, with Genius (GENIUS) up 16.71%; the CeFi sector rose 0.83%, with Bitget Token (BGB) up 3.08%; the Layer 1 sector rose 0.58%, with Canton Network (CC) up 2.65%; the PayFi sector fell 0.24%, but Ultima (ULTIMA) rose 5.94%.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
Quick Answer: Blur is a professional NFT marketplace and aggregator built for active traders, launched in October 2022. It charges 0% marketplace fees (vs OpenSea’s 0.5%), offers real-time floor analytics, batch buying and listing, collection-level bids, and the Blend peer-to-peer NFT lending protocol — all on Ethereum only. In 2026, Blur remains the dominant NFT marketplace by trader volume per active user, though OpenSea reclaimed the broader market after its SEA token announcement in February 2025 drove its share from 25% to 71.5% overnight. Blur’s BLUR token has declined from an ATH of $5.02 to approximately $0.02 as of May 2026.
Key Takeaways:
Blur charges 0% marketplace fees — the lowest of any major NFT platform; creators receive a minimum 0.5% royalty Built for pro traders: batch operations, collection bids, real-time portfolio analytics, floor sweep tools Blend (Blur Lending) allows NFT holders to borrow ETH against their NFTs with no fixed fees and no expiry dates Ethereum-only as of May 2026 — no Solana, Polygon, or multi-chain support BLUR token distributes rewards to active traders; price at ~$0.02 in May 2026, down 99.6% from ATH What Is Blur NFT? Blur is an Ethereum NFT marketplace and aggregator founded in 2022 by Tieshen Roquerre and Anthony Liu — known in the crypto community by their pseudonyms Pacman (MIT graduate, Peter Thiel Fellow) and Galaga. Backed by Paradigm, one of crypto’s most respected venture capital firms, Blur launched in October 2022 and rapidly became the largest NFT marketplace by volume within months of its debut.
Blur’s core philosophy is explicit: it is a platform for professional traders, not casual collectors. While OpenSea was designed to make NFT buying accessible to everyone, Blur was designed to make NFT trading fast, data-rich, and cost-efficient for users who trade NFTs like stocks — placing collection bids, sweeping floors, managing multi-position portfolios, and executing bulk operations in seconds.
The platform includes four main products:
Blur Marketplace — the core NFT trading venue with 0% fees and real-time analytics Blur Aggregator — routes orders across Blur and competing marketplaces to find best prices Blend — peer-to-peer perpetual NFT lending and borrowing protocol with no fixed fees BLUR token — governance and rewards token distributed to active platform participants How Does Blur Compare to Other NFT Marketplaces? Blur occupies a specific niche in the 2026 NFT landscape: the professional trader venue, while OpenSea has reclaimed the mass market and Magic Eden dominates Solana.
FeatureBlurOpenSea (OS2)Magic EdenMarketplace fee0%0.5%0%–2%Creator royaltyMin 0.5% (optional)EnforcedOptionalChainsEthereum only19 chainsSolana + EVMNFT lendingYes (Blend)NoNoBatch listing/buyingYesYesLimitedCollection bidsYesLimitedYesMobile appNoYesYesMonthly active users~38,300~382,000~200,000+Native tokenBLUR (~$0.02)$SEA (planned)$MEBLUR rewardsYesNoYes (ME rewards) Blur leads on fee efficiency for pure ETH NFT trading. OpenSea leads on chain breadth and user base. Magic Eden leads on Solana and multi-chain coverage. For traders who exclusively trade Ethereum-native collections (BAYC, CryptoPunks, Azuki, Pudgy Penguins), Blur’s zero-fee model and batch tooling provide measurable cost and speed advantages.
Blur NFT Marketplace Features Zero Marketplace Fees Blur charges 0% marketplace fees — the most competitive fee structure among major NFT platforms. OpenSea charges 0.5%, Rarible charges up to 2.5% on secondary sales, and Foundation charges 5%. For high-volume traders who might execute 50+ trades per week, Blur’s zero-fee structure can save thousands of dollars annually compared to platforms with standard fee structures.
Creator royalties on Blur are optional with a minimum floor of 0.5% — a controversial design choice that reduced creator income but dramatically increased trader adoption. Collections can set their royalties, but traders have discretion on whether to honor them above the 0.5% minimum.
Real-Time Portfolio Analytics Blur’s interface displays live floor prices, bid-ask spreads, collection depth, and rarity data updating every four seconds. Traders can see their entire NFT portfolio’s performance, unrealized gains/losses, and market depth across all held collections from a single dashboard. This analytics depth has no equivalent on OpenSea or Magic Eden.
Collection Bids Blur’s collection bidding system allows traders to place standing bids on entire collections rather than individual NFTs. A collection bid at 0.5 ETH on Pudgy Penguins means any seller who lists at or below that price has their NFT instantly purchased at the bid price. This creates a functioning order book for NFTs — a system that OpenSea did not have during Blur’s peak market share period.
Batch Listing and Buying (Floor Sweeping) Users can list multiple NFTs simultaneously with customized pricing, adjust multiple listings at once, and “sweep the floor” — buying the cheapest available NFTs across an entire collection in one transaction. Floor sweeping is a core professional strategy for accumulating positions at the cheapest available prices, and Blur’s implementation is the fastest and most gas-efficient of any marketplace.
NFT Aggregation Blur aggregates listings from OpenSea, X2Y2, LooksRare, and other marketplaces alongside its own. When a user buys an NFT on Blur, the platform automatically routes to the cheapest available listing across all integrated venues. This means users get the best available price without manually checking competing platforms.
Blend: Blur’s NFT Lending Protocol Blend (Blur Lending) is a peer-to-peer perpetual NFT lending protocol built directly into Blur, developed in partnership with Paradigm and launched in May 2023. It is one of the most significant financial innovations in NFT infrastructure.
How Blend works:
Borrowing: An NFT holder who needs liquidity deposits their NFT as collateral and receives an ETH loan. The loan has no fixed expiry date — it continues until either the borrower repays or the lender calls the loan Lending: ETH holders who want yield deposit ETH against an NFT as collateral. They earn interest payments from the borrower Buy Now, Pay Later: Blur’s BNPL feature allows buyers to purchase an expensive NFT with a portion of the price upfront, borrowing the remainder against the NFT itself — effectively a down-payment model for premium collections No fees: Blend charges no fees to borrowers or lenders on either borrowing, lending, or repayment Liquidation: If a lender calls a loan and the borrower cannot repay, the NFT goes to a Dutch auction. If no buyer meets the floor price, the lender takes possession of the NFT as collateral Blend generated significant controversy in 2024 when falling NFT floor prices triggered mass liquidations. Borrowers who had taken ETH against BAYC or Azuki NFTs saw their collateral liquidated at prices far below their original value. Blur’s co-founder acknowledged that some collections’ floor prices declined after launch but noted others increased — reflecting the double-edged nature of adding leverage to illiquid asset markets. Despite this, Blend remains live and active, and represents the most developed NFT-native lending infrastructure available on any marketplace.
BLUR Token BLUR is Blur’s native governance and rewards token, launched January 14, 2023, through an airdrop to platform users. It has a maximum supply of 3 billion tokens.
MetricValue (May 2026)TokenBLURPrice~$0.02Market Cap~$200MCirculating Supply~10B+ATH$5.02 (Feb 2023)ATH Drop~99.6% How to earn BLUR: BLUR tokens are distributed to users who actively participate in the platform. Eligible activities include:
Listing NFTs for sale on Blur Placing collection bids Trading volume generated on the platform Lending and borrowing through Blend The points-to-token system rewards the highest-volume, most active traders most heavily — a deliberate incentive mechanism to attract professional traders away from competing platforms. This strategy was central to Blur capturing 60%+ of Ethereum NFT volume within six months of launch.
BLUR token use cases:
Governance: BLUR holders vote on platform parameters, fee structures, and protocol development Staking: stake BLUR to participate in governance and access enhanced rewards multipliers Season rewards: BLUR is distributed in “seasons” based on accumulated platform points The BLUR token’s decline from $5.02 to $0.02 mirrors the broader NFT market correction. Its circulating supply has increased significantly through ongoing reward distributions, adding sell pressure. As with most marketplace governance tokens, BLUR’s price has not tracked the platform’s trading volume or operational performance.
Blur in 2026: Market Position Blur’s 2026 position reflects both its genuine strengths and the brutal competitive dynamics of the NFT market.
Where Blur leads: On August 4, 2025, Blur remained the largest NFT marketplace by volume on that specific day with Courtyard as the top collection. On July 14, 2025, Pudgy Penguins and Blur dominated the NFT market with combined activity leading all platforms. These data points confirm Blur still captures significant professional trading activity, particularly during high-volume days for major Ethereum collections.
Where OpenSea reclaimed ground: When OpenSea announced the SEA token in February 2025, traders migrated to qualify for the airdrop. OpenSea’s share jumped from 25.5% to 71.5% in a single week. By 2026, OpenSea has 382,000 monthly active users compared to Blur’s approximately 38,300. The OpenSea OS2 rebuild — with 19 chains, 0.5% fees, and a complete UX overhaul — has positioned it as a more compelling platform for casual and semi-professional users.
NFT market context: NFT supply hit 1.34 billion tokens in 2025, but sales dropped 37% to $5.6 billion, reflecting an industry-wide oversupply problem that has suppressed volume across all marketplaces. Blur’s daily volume, which peaked near $100 million in early 2023, now averages around $3 million — a 97% decline that mirrors the broader market contraction.
Blur Pros and Cons Pros:
0% marketplace fees — lowest cost of any major NFT platform Professional-grade analytics: real-time floor data updating every 4 seconds Collection bids function as an order book — a genuine innovation over earlier marketplaces Floor sweep and batch listing/buying for efficient portfolio management Blend: most developed NFT lending infrastructure available BLUR token rewards active traders — meaningful for high-volume participants Aggregator routes to cheapest available price across all integrated platforms Cons:
Ethereum only — no Solana, Base, Polygon, or multi-chain support in 2026 No mobile app — desktop only, interface is data-dense and intimidating for beginners BLUR token down 99.6% from ATH; token inflation from ongoing reward distributions Creator royalties effectively optional above 0.5% — unpopular with NFT artists Blend liquidations created significant controversy in 2024 bear market Monthly active user base (38,300) is dramatically smaller than OpenSea (382,000) Blast connection: Blur’s founder launched Blast L2 which lost 97% of TVL How to Use Blur NFT Marketplace Step 1: Connect your wallet Visit blur.io and connect an Ethereum-compatible wallet — MetaMask, Coinbase Wallet, or Ledger. No account creation or KYC required.
Step 2: Browse collections Use the Collections tab to browse Ethereum NFT collections with live floor prices, 24-hour volume, bid-ask spreads, and rarity data. Filter by volume, floor price, or recent activity.
Step 3: Buy an NFT Select a collection, view individual listings, and purchase at the listed price. Or use “Sweep” to buy multiple floor-priced NFTs in a single transaction. Blur routes to the cheapest available listing across all aggregated marketplaces.
Step 4: List an NFT Go to your Portfolio tab, select the NFT(s) to list, set your price, and submit. Batch listing allows you to price multiple NFTs simultaneously.
Step 5: Place collection bids In the collection’s bid book, enter your offer price and ETH amount. Your bid is visible to all sellers. If any seller accepts a price at or below your bid, the NFT is automatically purchased.
Step 6: Use Blend (lending) Access Blur’s lending interface to borrow ETH against your NFTs or lend ETH to earn interest. Set loan terms and manage positions from the Loans dashboard.
Where to Buy BLUR Token Centralized exchanges (CEX):
Binance — BLUR/USDT and BLUR/BTC; highest global liquidity Coinbase — BLUR/USD available for US users Kraken — BLUR/USD and BLUR/EUR KuCoin — BLUR/USDT with competitive fees Gate.io — BLUR/USDT available globally OKX — BLUR/USDT with spot and margin options Decentralized exchanges (DEX):
Uniswap (Ethereum): BLUR/ETH and BLUR/USDC pools Blur itself: BLUR can be earned through platform activity and traded via Uniswap integration Contract address: 0x5283d291dbcf85356a21ba090e6db59121208b44 (Ethereum)
Always verify the contract address on CoinGecko or CoinMarketCap before purchasing on a DEX.
Frequently Asked Questions What is Blur NFT? Blur is a professional NFT marketplace and aggregator on Ethereum, launched in October 2022. It charges 0% marketplace fees, offers real-time analytics, batch trading, collection bids, and the Blend NFT lending protocol. Built for active traders rather than casual collectors, Blur was the dominant NFT marketplace by volume throughout 2023 and remains a leading platform for high-frequency Ethereum NFT trading in 2026.
How to list an NFT on Blur? Connect an Ethereum wallet (MetaMask, Coinbase Wallet, or Ledger) at blur.io. Navigate to your Portfolio tab, select the NFT(s) you want to list, set your asking price, and submit the listing transaction. Batch listing allows you to list multiple NFTs simultaneously with customized prices per item. Blur will display your listing alongside OpenSea and other aggregated marketplaces.
What is Blur NFT marketplace fee? Blur charges 0% marketplace fees on all trades — the lowest of any major NFT platform. Sellers and buyers pay no platform fee. Creator royalties are optional with a minimum floor of 0.5%. Users pay only Ethereum gas fees for on-chain transactions, which vary by network congestion. On high-congestion days, gas can exceed $20–$50 per transaction on Ethereum mainnet.
What is Blur lending (Blend)? Blend is Blur's peer-to-peer NFT lending protocol. NFT holders can deposit their NFTs as collateral to borrow ETH with no fixed loan expiry and no fees. ETH holders can lend against NFT collateral to earn interest. Blend also powers a "Buy Now, Pay Later" feature for expensive collections. Lenders can call the loan at any time; if the borrower cannot repay, the NFT goes to a Dutch auction with the lender receiving the proceeds or the NFT itself.
How to sell NFT on Blur? Connect your wallet at blur.io, go to your Portfolio, select the NFT to sell, and create a listing at your target price. You can also accept existing collection bids for instant liquidity at the current best bid price. Blur aggregates visibility across multiple marketplaces, so your listing is visible to buyers across integrated platforms, not only Blur's native users.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted
PANews, June 18 – According to an official announcement, following a recent review, Binance will add the Monitoring Tag to the following tokens on June 18, 2026: Act I : The AI Prophecy (ACT), Blur (BLUR), PIVX (PIVX), and QuarkChain (QKC). Tokens with the Monitoring Tag may exhibit higher volatility and risks compared to other listed tokens. Binance will closely monitor and continuously review them. Trading these tokens with the Monitoring Tag carries risks, as they may no longer meet listing criteria and could be subject to delisting.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
4 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
4 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
4 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
4 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
4 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
The cryptocurrency world has more than its fair share of self-proclaimed clairvoyants. Whether it’s traders predicting great things for a digital token that’s set to launch, or a journalist touting the next groundbreaking Web3 project, future-gazing is a popular pastime.
With so many crypto projects in the offing, and so many supposed psychics pulling you in different directions, it can be tough to know who or what to believe. Even studious observers of the cryptoeconomy have difficulty reaching consensus on the next sure thing. If 2019 has been any indication, however, the following projects are likely to generate even bigger waves in 2020
Saga Saga is a highly ambitious monetary venture which seeks to position its digital token, SGA, as a truly global currency. The UK-based company has been tirelessly working on perfecting and polishing its monetary and governance models for the past two years ahead of the ERC20 token launch on December 10. Initially backed by a basket of national currencies replicating the IMF’s SDR, the idea is that, as user trust in SGA grows, reliance upon reserves will decrease and SGA will, as it were, stand on its own two feet.
The industry experience of the Saga team certainly nourishes the perception that the project may launch into the stratosphere. Its advisory board includes Professor Jacob A. Frenkel, PhD, chairman of JPMorgan Chase International and former governor of the Bank of Israel, and Professor Myron Scholes, Nobel Laureate in Economic Sciences and Professor Emeritus at Stanford University. With such economic heavyweights behind it, Saga has already attracted $30m of seed funding from a collective of partners including Vertex Ventures. Watch this space.
Fetch.ai An AI-powered blockchain that launched in 2019, Fetch allows organizations to pose questions about datasets residing on other companies’ servers; payments, meanwhile, will be made with digital tokens. In the Fetch model, Autonomous Economic Agents (AEA) are utilized to connect IoT devices and algorithms, with the net result a form of collective super-intelligence built atop a decentralized economic internet. Got that?
Fetch recently set to work developing a decentralized metals exchange with several Turkish steelmakers. The new DEX will integrate AI-accelerated blockchain solutions to facilitate greater participation and improved liquidity in the trading of steel, base metals and other commodities. It’s yet another example of blockchain/AI tech feeding into traditional industries, and when you consider that Fetch’s goal is to bring smart cities from concept to reality – improving infrastructure like energy utility grids in the process – you can’t help but think 2020 is going to be a massive year for the crypto project.
RSK RSK is an open-source, Bitcoin-backed smart contract platform. Encompassing multiple components including the Root Infrastructure Framework Token (RIF Token), RIF Open Standard (RIFOS), and Smart Bitcoin (RBTC), the second-layer protocol seeks to become a key player in the development of Bitcoin-anchored decentralized finance, permitting smart contracts and dApps to utilize the ecosystem’s renowned security.
Its parent company, IOV Labs, also acquired Latin America’s biggest social media platform Taringa, and it’ll be fascinating to see what implementations are introduced in the next 12 months. With 30 million users, Taringa has a ready made community for experiencing the benefits of decentralized finance, including open access and trustless trade, wrapped in a user-friendly interface courtesy of RSK’s smart contract solution.
QAN The threat of quantum computing is certain to intensify in the years ahead. Hell, Google says they’ve already reached quantum supremacy in 2019. In any case, quantum-proof blockchain platform QAN stands in a good position to capitalize. It uses sophisticated Lattice cryptography to future-proof against quantum cyber attacks which could break existing blockchain platforms like Ethereum. The result is a highly scalable, developer-friendly platform that can run smart contracts in all major programming languages.
QAN uses a Proof-of-Randomness (PoR) consensus to ensure low energy consumption and is 100x quicker than Ethereum, with a TPS of 97k for enterprise (POA) chains. The team has been busy shouting about QAN’s many benefits at various crypto events throughout 2019, so expect more of the same in 2020. Particularly since QAN’s IEO is due to commence soon on BitBay exchange, bringing its token to a wider audience of traders and developers.
There you have it: four innovative projects making plenty of noise in the cryptosphere, and unlikely to lower their pitch in 2020. You’d do well to keep tabs on all of them.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-05-04 09:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Rootstock Infrastructure Framework (RIF) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 8,804,200, or approximately at 2026-05-04 10:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-04-29
PANews reported on April 29th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Rootstock Infrastructure Framework (RIF) network at 17:00 (UTC+8) on May 4th, 2026, to support its network upgrade and hard fork. The project team will conduct the network upgrade and hard fork at block height 8,804,200 (estimated at 18:00 UTC+8 on May 4th, 2026).