Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
9 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
9 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
9 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
9 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
9 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
9 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
9 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
9 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
YZi Labs transferred 13.54 million AI tokens and 11.11 million WOO tokens to Binance.
PANews reported on February 24 that, according to on-chain analyst Yu Jin, following the liquidation of its ID tokens half a month ago, YZi Labs transferred 13.54 million AI tokens (approximately $278,000) and 11.11 million WOO tokens (approximately $176,000) to Binance five hours ago. These tokens were all acquired by YZi Labs as an investment institution through vesting unlocking.
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Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
9 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
9 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
9 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
9 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
PANews reported on February 25 that YZi Labs has been reducing its holdings of tokens multiple times recently. After clearing out its ID tokens half a month ago and AI and WOO tokens yesterday, it transferred 37.33 million EDU tokens (approximately $ 4.37 million) to Binance about 10 minutes ago.
Author: PA一线
This content is for market information only and is not investment advice.
Starchild has officially integrated with PANews Skill, supporting intelligent processing of encrypted information.
On April 27th, PANews reported that Starchild, WOO's personal AI Agent platform, officially integrated with PANews' official Skill toolkit. This integration allows Starchild users to leverage PANews' structured data capabilities within their Agent workflows, enabling personalized daily report generation, hot topic monitoring, and column push notifications, further enhancing efficiency in encrypted information mining and automated research.
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Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
CertiK, a Web3 security services provider, hosted an institutional security workshop in Turkey on June 5, 2026, bringing together financial institutions, crypto asset service providers (CASPs), and regulators to address the security and compliance requirements shaping the country’s rapidly developing digital asset market.
The workshop featured welcome remarks from Jason Jiang, Chief Business Officer of CertiK, alongside Ünal Altinay, Head of TÜBİTAK BİLGEM Blockchain Lab, and Oguz Kucukcelebi, Head of Safety & Business Development at Forcerta.
Sessions spanned Turkey’s CASP regulatory framework and evolving digital asset landscape; the current state of Web3 security; practical approaches to digital asset custody, key management, and operational security; stablecoin and RWA security; and real-time incident response, Presentations were delivered by Jiang and CertiK security engineers Peiyu Wang, Uzeyir Destan, and Turgay Arda Usman.
Turkey’s CASP regulatory framework sets technically prescriptive requirements for licensed CASPs, including hardware security module (HSM) standards, multi-party key management protocols, and infrastructure hosting mandates.
Altinay’s session walked attendees through Turkey’s regulatory hierarchy, from primary legislation and SPK communiqués to TÜBİTAK BİLGEM’s technical mandates and MASAK’s AML/CFT and Travel Rule obligations. Altinay framed Turkey’s prescriptive approach as an advantage for institutions building compliant infrastructure.
CertiK security engineers delivered four sessions across the workshop. Wang presented on the 2026 Web3 threat landscape, noting that recorded exploits by May 2026 had nearly matched the full-year 2025 total. Destan covered digital asset custody architecture and incident response, including case studies from the WOO X and Kelp DAO incidents. Usman addressed stablecoin and RWA smart contract security, walking attendees through common vulnerability classes and an auditor’s checklist for tokenized asset infrastructure.
“Turkey has built one of the most technically rigorous CASP frameworks in the world, and TÜBİTAK BİLGEM’s security criteria reflect a clear-eyed understanding of what institutional-grade digital asset infrastructure actually requires,” said Jiang. “Our goal with this workshop was to help institutions operating in this market understand both the regulatory bar they need to meet and the threat environment they are entering, so they can build with confidence from day one.”
The workshop is part of CertiK’s ongoing engagement with regulators, financial institutions, and CASPs across emerging digital asset markets globally.
About CertiK
CertiK is a Web3 security services provider, headquartered in New York and founded in 2017 by professors from Yale University and Columbia University. CertiK applies formal verification methods and technical expertise to the security challenges facing Web3 and AI ecosystems. The company offers full-lifecycle risk management solutions, including blockchain infrastructure assessments, smart contract audits, formal verification, penetration testing, custody architecture reviews, and compliance support. CertiK works closely with regulators and financial institutions across multiple jurisdictions, contributing to policy development and regulatory consultation efforts. To date, CertiK has partnered with more than 5,000 enterprise clients worldwide, including Binance, Ant Group, and leading banks across Europe and Singapore.
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As global markets wait for clearer macroeconomic direction, we are seeing unique divergences across both the legacy financial system and decentralized ecosystems. In today’s briefing, we break down critical movements in U.S. Treasury yields, global manufacturing data, and the latest structural rotations occurring within Layer 2 network tokens.
Macro Pulse: Yield Curves and Manufacturing Under the MicroscopeThe broader market remains tightly wound as participants monitor key economic benchmarks.
US Treasury Yield Dynamics: The 2-year U.S. Treasury yield is continuing to pressure the 5.1% level as market participants digest a "higher-for-longer" policy stance signaled by the Federal Reserve. This persistent yield curve inversion continues to fuel underlying recessionary fears, triggering a noticeable flight to safety. Capital flows are increasingly migrating toward short-duration, cash-like digital instruments, leading to a steady increase in circulating stablecoins like USDT and USDC.Global Manufacturing PMI: Mixed signals from China and the Eurozone Purchasing Managers' Index (PMI) point toward localized soft spots in the industrial sector. This has left major industrial raw materials: specifically Crude Oil and Copper stuck in choppy, range-bound trading. Risk assets across the board are flashing a cautious bias as they await a definitive macro catalyst.Trending Narratives: L2 Rotations and Governance ActionWhile the macro landscape remains flat, specific micro-narratives within crypto are generating strong pockets of alpha.
High-Beta Altcoin Sector: We are tracking a clear focus on the Layer 2 (L2) ecosystem. As gas fees occasionally spike on the Ethereum mainnet (L1), L2 native tokens are demonstrating relative strength as a preferred beta play for market rotation. Traders are increasingly hedging these market shifts by setting up long L2 / short L1 relative value pairs.DeFi Governance Volatility: Major lending protocols are undergoing intensive governance votes regarding updated collateral limits and yield optimization strategies. These structural shifts are acting as primary price catalysts for specific utility and governance tokens, with the market closely monitoring subsequent upgrade implementations.WOO X Trader’s Edge: Shielding Your Capital Against SlippageWhen macro data releases introduce short-term volatility, liquidity is your most valuable asset. Thin order books across fragmented markets can result in massive execution slippage for large orders.
Pro Tip: To insulate your portfolio from sudden price gap risks, utilize WOO X’s consolidated order book depth. Our deep, aggregated liquidity pools across multiple venues allow you to execute large-size spot and derivative orders with minimal market impact.Stay ahead of the tape, minimize your trading friction, and optimize your portfolio allocation all on one unified layout.
👉 Deploy your next trade seamlessly at https://woox.io/en/login
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before trading.
Welcome to today's Daily Alpha Drop deep dive. Our research team has isolated three high-conviction narratives driving smart money flows today, focusing on listed assets that are positioned at the intersection of Layer 2 scalability, decentralized lending, and cross-chain interoperability. In a market seeking fundamental utility with high-beta characteristics, these three tokens are commanding major attention.
Asset 1: Arbitrum ($ARB) — The L2 High-Beta Rocket FuelArbitrum ($ARB) is not just another L2; it has cemented itself as the leading Ethereum Layer 2 scaling solution. Its core strength lies in its robust DeFi ecosystem, which includes some of the most influential and innovative protocols in the space, such as GMX. These deep liquidity pools and active usage on the Arbitrum One chain ensure it remains a premier venue for capital seeking efficient, low-cost interactions within the Ethereum economy. We are watching ARB closely as a definitive high-beta play for the broader L2 narrative, which typically spikes alongside positive Ethereum momentum and network upgrade cycles.
Real-Time Momentum Catalyst: As global markets brace for macro volatility around upcoming global inflation data releases, professional traders are actively rotating into heavy-hitting ecosystem anchors. ARB is trending today because it functions as the preferred "liquidity magnifier" for on-chain market exposure. When the market turns "risk-on," capital routinely funnels into Arbitrum's deep DeFi hubs first, keeping its active on-chain volume near the top of the L2 leaderboard.
Asset 2: Aave ($AAVE) — DeFi's Undervalued Cash-Flow KingAave ($AAVE) continues to demonstrate its position as a pillar of the decentralized lending landscape. Beyond its primary function, Aave stands out for its strong, governance-driven decision-making processes. AAVE token holders are actively involved in crucial decisions, including setting interest rates and determining collateral ratios. Furthermore, the token has direct utility within the platform's Safety Module, where holders can stake their assets to earn protocol rewards in exchange for providing a security backstop. This deep alignment between governance, security, and utility creates a self-reinforcing model for long-term value accrual.
Real-Time Momentum Catalyst: Aave is dominating conversations today following a major return of market confidence.After capital temporarily shifted during a brief market scare over a recent downstream ecosystem exploit, capital is aggressively flowing back into the protocol. More notably, a fresh Grayscale Research report released this week explicitly labeled AAVE as fundamentally undervalued. Grayscale highlighted Aave’s massive 50% operating margins and projected it to achieve $60 million in revenue for 2026. They modeled a 12-month fair value target of $175 per token as regulatory clarity drives institutional, tokenized real-world assets (RWAs) onto Aave’s battle-tested liquidity rails.
Asset 3: Wormhole ($W) — Unlocking Cross-Chain Liquidity and InteroperabilityWormhole's W token is integrated with a native governance mechanism, empowering holders to vote on key multi-chain expansion plans and fee structures. This positions W at the center of the cross-chain growth narrative, which is critical for scaling decentralized finance to a global audience.
Real-Time Momentum Catalyst: The multi-chain fragmentation problem is growing by the day, making cross-chain data and token transmission rails incredibly valuable. $W is actively trending as a primary infrastructure benchmark as major protocols increasingly embed its messaging stack to move liquidity seamlessly across highly competitive L1 and L2 networks. As multi-chain capital efficiency becomes top priority for institutional protocols, Wormhole's network utilization metrics are seeing a strong upward tick.
Final Thoughts: Own the Future, Trade SmartThis WOOX Daily Alpha Drop, powered by wooxpro.com and woox.io, provides actionable intelligence on where smart money is moving. By focusing on fundamental cross-chain, battle-tested DeFi, and L2 utility with high-beta characteristics, we aim to provide you with the tools to navigate short-term volatility with a long-term, systematic perspective.Utilize WOOX's deep, consolidated order book depth across these pairs to execute your trades with minimal market impact and optimize your portfolio for alpha.
Built for Traders, by Traders.
Disclaimer: This deep dive is for informational purposes only and does not constitute financial advice. Always conduct your own research before trading.
Welcome to today's Daily Alpha Drop. Our research team has isolated three high-conviction narratives driving massive market volume today. From unprecedented short squeezes to monumental real-world asset (RWA) infrastructure partnerships and dominant ecosystem scaling plays, these assets are commanding smart money focus.
Asset 1: Synapse ($SYN): The Wildest Short Squeeze of 2026Synapse ($SYN) has taken center stage in what is being called the wildest trading setup of the year. Typically recognized as a core cross-chain messaging protocol, the asset became a lightning rod for volatility following a sudden regulatory/exchange announcement.
The Momentum Catalyst: Binance recently placed a "Monitoring Tag" on $SYN. While this typically induces a panic sell-off, heavily oversold market conditions instead set the stage for an explosive counter-move. Cascading short liquidations and intense forced buying mutated the trade into an astronomical 500%+ short squeeze.The Numbers: With a lean market capitalization of $59.1M, the extreme order book velocity pushed its 24-hour trading volume to a staggering $175M—representing an extraordinary capital turnover rate.Asset 2: Stellar ($XLM): Deep Institutional Pipes & Global SettlementStellar ($XLM) is shifting gears from a retail payment network into a heavily backstopped institutional powerhouse. Long prized for its low-cost asset issuance rails, the protocol is seeing a massive resurgence in conviction as traditional financial (TradFi) primitives merge with decentralized ledger technology.
The Momentum Catalyst: In a massive validation for public networks, the DTCC announced definitive plans to connect its flagship tokenization service to the Stellar network by mid-2027. Compounding this institutional velocity, global remittance giant MoneyGram has officially deployed its native MGUSD stablecoin on Stellar, signaling true commercial utility and real-world adoption in motion.The Numbers: Stellar commands a massive market capitalization of $6.72B, backed by a liquid and highly institutionalized 24-hour trading volume of $224M.Asset 3: Aerodrome ($AERO): The Uncontested Base Chain Liquidity EngineAerodrome ($AERO) has firmly established itself as the premier liquidity aggregator and decentralized exchange (DEX) operating on Coinbase's Base Layer 2 ecosystem. As capital continues to saturate Base, Aerodrome captures the lion's share of network transaction fees and token launches.
The Momentum Catalyst: The protocol has initiated a highly bullish capital allocation strategy, announcing a 170,000 AERO token buyback program today. Furthermore, with extensive protocol DEX audits nearing full completion, institutional participants are finding a safer sandbox to deploy liquidity. As the entire Base ecosystem heats up, $AERO has surged a phenomenal 48% over the last 7 days.The Numbers: Aerodrome is tracking a robust market capitalization of $533M, supported by a highly active $56.2M in daily trading volume.Final Thoughts: Own the Future, Trade SmartToday's Alpha Drop powered by wooxpro.com and woox.io, proves that opportunities exist across completely different market regimes, whether you are playing the hyper-reactive retail flows of a $SYN short squeeze or backing the massive institutional rails being built out by XLM and AERO. Navigating these disparate narratives efficiently requires deep, institutional-grade execution tools.Utilize WOO X's deeply integrated order books to gain unmatched execution depth, lower your slippage overhead, and position your portfolio ahead of changing market narratives.
Disclaimer: This research briefing is for informational purposes only and does not constitute financial or investment advice. Always manage your risk properly before entering the market.
In an electrifying development in the world of digital gaming and blockchain technology, Galxe, a titan in web3 community building, has joined forces with METABORA SINGAPORE, a subsidiary of the gaming behemoth Kakao Games. This partnership marks a significant milestone for both entities, promising to revolutionize the gaming landscape by integrating Galxe’s community engagement prowess with BORA’s rich ecosystem of global games.
Unleashing Synergies: Galxe & BORA’s Unified Vision The collaboration between Galxe and BORA is poised to harness the dynamic capabilities of both platforms to enhance user acquisition and community growth across the board. Galxe’s extensive network and expertise in building vibrant web3 communities are set to play a pivotal role in bringing BORA’s captivating games and content to a broader audience.
Expanding Horizons: A New Era of Digital Entertainment This strategic alliance is not merely about collaboration but a fusion of strengths that aims to redefine the parameters of digital entertainment. By connecting BORA with Galxe’s wide array of network partners, the partnership endeavors to offer users an enriched and diversified digital experience, setting new benchmarks for engagement and immersion in the gaming world.
The Road Ahead: Innovations on the Horizon The union between Galxe and BORA is just the tip of the iceberg, with both entities hinting at a pipeline of innovative partnerships and developments poised to unfold. This collaboration is a testament to their commitment to pushing the boundaries of web3 entertainment, inviting gamers and tech enthusiasts to join them on a thrilling journey of discovery and advancement.
BORA Platform: A Beacon of Innovation and User Experience At the heart of this partnership is the BORA platform, a brainchild of METABORA SG, which stands out for its user-friendly blockchain-based games and entertainment content. Bolstered by Kakao Games‘ extensive experience in game development and service, BORA is set to revolutionize the gaming industry with its advanced tokenomics, engaging content, and cutting-edge blockchain technology. The platform’s focus on refining the Game-Fi infrastructure exemplifies its commitment to enhancing user experience and fostering a seamless digital ecosystem.
Galxe emerges as a powerhouse in fostering web3 communities, with a track record of supporting the exponential growth of platforms like Optimism, Polygon, and Arbitrum, alongside over 4,000 partners. Through its reward-based loyalty programs, Galxe has successfully engaged over 15 million unique users, underscoring its pivotal role in the evolution of web3 entertainment.
Conclusion The strategic partnership between Galxe and Kakao Games’ BORA Network heralds a new chapter in the convergence of gaming and blockchain technology. By leveraging their combined strengths, Galxe and BORA are set to embark on an ambitious journey to innovate, entertain, and build a future where the possibilities of web3 entertainment are endless. Gamers and enthusiasts around the globe are invited to be part of this groundbreaking venture.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
BORA has officially adopted the Kaia Consensus Liquidity (CL) protocol, a strategic move to enhance its business operations within the Kaia blockchain ecosystem. The CL protocol, recently introduced by Kaia, offers an innovative approach to improving liquidity and staking for participants, creating opportunities for the BORA token to thrive. Both BORA and Kaia shared this update through their official X accounts, highlighting the core objective of this strategic collaboration, which is to serve the community better.
Kaia Consensus Liquidity: A New Infrastructure for Blockchain Projects Kaia Consensus Liquidity addresses users’ limitations when choosing between validator staking and liquidity provision. The CL protocol enhances utility and liquidity in the Kaia ecosystem by allowing simultaneous participation. Moreover, the CL protocol will form liquidity pairs with a third token, subject to approval through Kaia governance, making the system more robust and effective.
Adopting Kaia’s CL protocol provides several advantages for BORA. A key benefit is the potential increase in pool liquidity, as users are incentivized through staking rewards and transaction fees. This added liquidity will enhance transaction efficiency for BORA tokens. Additionally, part of the revenue generated through transaction fees will be burned, aligning with BORA 3.0’s deflationary model and boosting the token’s long-term value.
BORA’s Strategic Expansion within the Kaia Ecosystem This integration is of great significance as BORA is the first project to test the new features of Kaia’s CL protocol. By integrating these new tools, BORA is well-positioned to collaborate with other token projects within the Kaia ecosystem. This move signifies BORA’s commitment to expanding its global business reach and developing new services beyond gaming.
With the adoption of the Kaia CL protocol, BORA has become the first project to explore these new features within the Kaia ecosystem. The company aims to expand further by collaborating with global projects using CL protocol infrastructure. The CL protocol will enhance the utility and liquidity in the Kaia ecosystem by allowing simultaneous participation. BORA plans to finalize the implementation by the end of this year, with a complete rollout scheduled for Q1 next year.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Alchemy Pay, a well-known platform bridging crypto and fiat payments, has announced its latest integration with BORA. The integration of Alchemy Pay into BORA focuses on redefining the gaming experience with seamless off and on-ramp crypto transfers. In this respect, the resilient payment infrastructure of Alchemy Pay complements BORA to streamline crypto transfers for consumers.
The partnership ensures efficient withdrawals and deposits into accounts with the convenient use of mobile wallets and popular payment methods. Moreover, this endeavor offers an unparalleled integration between the digital and traditional economies to simplify the gaming experience.
Advancing GameFi with Seamless Cryptocurrency Transactions Alchemy Pay pointed out that its integration with BORA is an important move to boost the gaming experience with inclusive crypto transfers. BORA operates as a top entity in the blockchain gaming sector. It enables gamers to reach a broad range of opportunities regarding decentralized earning and gaming via GameFi.
As a part of this collaboration, BORA leverages the effective infrastructure of Alchemy Pay to provide consumers with simplified crypto transfers. It lets them smoothly deposit as well as redeem funds from their accounts with native mobile wallets along with well-known payment means.
Alchemy Pay Bridges Crypto and Fiat for Gamers Globally Alchemy Pay delivers its advanced solutions to fill the gap between crypto and fiat economies. In this way, it enhances the accessibility of digital assets to the common masses. The platform offers a user-friendly and reliable transfer gateway. Its comprehensive network guarantees benefits for gamers in different regions with cost-efficient, secure, and rapid transfers.
According to Alchemy Pay, the partnership with BORA highlights a significant development to increase crypto payment accessibility in the gaming sector. Hence, both Alchemy Pay and BORA work together to set the latest standards for the combination of conventional and digital financial ecosystems within the gaming realm.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
– Maximizes user accessibility through direct onboarding within LINE Messenger’s MINI App Tab
– Integrates BORA DEEPS to deliver a differentiated gameplay experience for Japanese users
– Strengthens on-chain rewards and BORA token utility, establishing a virtuous ecosystem cycle
METABORA GAMES (CEO Choi Se-hoon), a leading blockchain game developer, announced today the official launch of ‘Puzzle & Guardians’, its joint project with Baligames, as a MINI App on LINE Messenger in Japan through LINE NEXT Start, a group company of LY Corporation that operates Japanese Web3 business.
‘Puzzle & Guardians’ is a hybrid Web3 title that blends casual 3-match puzzle battles with RPG progression. Players can collect and build a roster of Guardians, engage in 1v1 PvP duels and dungeon play, and earn BORA token rewards by completing in-game missions and participating in event leagues.
With this launch, ‘Puzzle & Guardians’ is now onboarded onto the MINI App platform of LINE, Japan’s largest messenger platform, enabling more than 100 million LINE users to play the game instantly inside the LINE Messenger app without any additional installation. The result is a more intuitive, highly accessible play environment.
In conjunction with the Japan launch, METABORA GAMES has integrated ‘Puzzle & Guardians’ with BORA DEEPS, the core infrastructure service of the BORA ecosystem. Through the BORA DEEPS Quest function, players are offered tailored missions optimized for gameplay, and the rewards they earn can be used across BORA DEEPS’ native content — including its ‘Mini Game’ offering and ‘Scratch’, a raffle-style service. The integration creates a natural virtuous cycle of play and reward, deepening user engagement across the platform.
The company also plans to continuously expand localized content tailored to the Japanese market, delivering a differentiated participation experience for local users. Launch commemoration events will follow, further reinforcing real-world utility for the BORA token.
More information about ‘Puzzle & Guardians’ is available on the official BORA DEEPS channels and the LINE platform.
APPENDIX
BORA DEEPS website: https://intro.boradeeps.com/
‘Puzzle & Guardians’ LINE Mini App URL: https://miniapp.line.me/2008992531-yxrGfhQS
METABORA GAMES is a subsidiary of METABORA, a casual and blockchain game developer, and serves as the development studio behind the blockchain platform BORA.
Centered on BORA DEEPS — a platform that organically connects in-game activities with rewards — METABORA GAMES designs user-participation-driven structures and collaborates with global partners to co-develop and operate Web3 projects across a wide range of genres.
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
A symbol of the Sino-American tug of war, TikTok once again crystallizes tensions between digital sovereignty and trade war. With 170 million users in the United States, the ByteDance app faces a third deadline postponed by Donald Trump. By extending the divestiture deadline, the president revives an explosive case where geopolitical pressure, technological challenges, and legal battles are intertwined. TikTok remains at the heart of a strategic struggle, at the crossroads of economic interests and national security concerns.
In Brief Donald Trump grants ByteDance an additional 90 days to sell TikTok to an American buyer. This decision marks the third extension since Trump’s return to the White House. If negotiations fail before September 17, 2025, TikTok will be banned in the United States. If no agreement emerges, a major legal and diplomatic confrontation could erupt this fall. TikTok Facing the American Ultimatum : A New Extension Granted by Trump President Donald Trump announced this Thursday a 90-day extension to allow ByteDance, TikTok’s Chinese parent company, to finalize the sale of its U.S. operations, despite the launch of two revolutionary tools a few months ago.
“I just signed the order extending the TikTok shutdown deadline by 90 days (until September 17, 2025). Thanks for your attention on this matter!” he stated on his platform Truth Social.
This decision marks a strategic shift in Trump’s stance; during his first term, he sought to ban the app outright from U.S. territory.
According to White House spokeswoman Karoline Leavitt, this extension aims to ensure that “the American people can continue to use TikTok with the assurance that their data is safe and secure”.
This decision fits into an ongoing restrictive legislative context, inherited from the Biden administration and upheld by the Supreme Court: if TikTok is not sold to an American entity, it will be banned in the United States.
Here is what you need to remember about this new deadline :
A third extension granted by Trump since his return to the presidency, after an initial 75-day period and then a first extension until June 20 ; A new deadline set for September 17, 2025, beyond which TikTok could be banned if no sale is concluded ; TikTok claims 170 million users in the U.S. and supports 7.5 million local businesses through its platform ; TikTok welcomed the presidential decision in a statement : “we are grateful to President Trump for his leadership and support to ensure TikTok remains accessible”. This extension offers a respite to negotiations, without resolving the uncertainties surrounding the app’s future. It is a pragmatic maneuver in a case where the stakes are as much technological as they are highly political.
Buyout Candidates and the Uncertainties Surrounding an Agreement During a press exchange aboard Air Force One, Donald Trump mentioned the possibility that Chinese President Xi Jinping would need to approve any transaction. “I think Xi will have to approve a deal if a buyer comes forward”, Trump said, emphasizing that the outcome of the process was not solely an American matter.
This statement adds a new geopolitical dimension to an already complex matter, at a time when trade relations between the two powers are once again tense. Several potential candidates have expressed interest, but none have succeeded in finalizing an offer so far.
Amazon reportedly submitted a last-minute offer, as did a consortium led by Frank McCourt, which includes Reddit co-founder Alexis Ohanian. Former U.S. Treasury official Steven Mnuchin is also among the contenders.
Despite clear interest, no transaction has been completed, partly due to the imposition of new tariffs on Chinese products, which have further strained bilateral relations.
Meanwhile, ByteDance remains silent on its actual intentions, after having previously considered selling TikTok to Elon Musk. The Chinese giant’s current strategy seems to be to buy time in hopes that the political or legal situation evolves. In the meantime, the social network remains active, notably thanks to Trump’s decision not to block it “for the time being”.
Several scenarios remain possible. Either ByteDance agrees to sell TikTok, allowing the app to remain in the United States, or it refuses, exposing itself to a ban once the deadline passes. This uncertainty fuels volatility around TikTok, which remains a major influence tool for both creators and brands. If no solution emerges by September 17, an unprecedented legal and diplomatic confrontation could erupt, alongside the trade war between the United States and China.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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What Happened: The installation, located in Parco Ciani and crafted to symbolize Bitcoin's decentralization ethos, had been torn from its base and discarded into the water over the weekend.
City officials confirmed the recovery of the fragmented artwork on Monday.
Designed by Italian artist and long-time Bitcoin supporter Valentina Picozzi, the piece stood as a faceless optical illusion, a visual metaphor for Satoshi's mystery and the cryptographic roots of Bitcoin.
The structure, made from stainless steel and corten blocks, took nearly two years to complete and was unveiled during the 2024 Plan B Forum hosted by Lugano and stablecoin issuer Tether (CRYPTO: USDT).
The destruction, first noticed by park visitors and flagged on social media, triggered swift response from Picozzi's initiative, Satoshigallery.
The collective, which uses art to advance Bitcoin awareness, has offered a reward of 0.1 BTC for credible information on the perpetrators.
Also Read: Trump Demands Fed Board Remove Chair Jerome Powell, But Polymarket Traders Aren’t Buying It
"You can steal our symbol, but you will never be able to steal our souls," they posted, doubling down on plans to erect 21 similar statues across the globe.
The motive remains unclear, though speculation points to potential acts by intoxicated individuals during Swiss National Day celebrations.
Meanwhile, supporters have launched a petition urging city officials to restore the monument, with private donors pledging to fund the replacement.
Why It Matters: The Lugano piece is part of a broader international trend celebrating Bitcoin through physical art.
Other tributes include a reflective bust in Budapest, an inflatable protest rat in New York, and recent installations in Slovenia and Tokyo.
Together, they represent a cultural shift anchoring Bitcoin's presence beyond the digital sphere, even as Satoshi Nakamoto, the network's founder, remains an enigma, with over 1 million BTC untouched to this day.
Read Next:
The $100 Billion Bitcoin Bet: How Treasury Companies Are Fueling The Crypto Run Image: Shutterstock
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Amber International Holding Ltd. (NASDAQ:AMBR) has become the first Asia-based public company to offer its stock on-chain, trading as AMBRx on the solana blockchain, CEO Wayne Huo confirmed on Tuesday during a live webinar hosted on Futubull by Futu.
Investors can access tokenized stocks like AMBRx alongside industry giants such as Apple, Tesla and Nvidia as part of the the xStocks Alliance, developed by Kraken and Swiss-based Backed, which offers round-the-clock on-chain access to U.S. equities and ETFs.
As a Singapore-based institutional crypto services provider, Amber has also been aggressively striking partnerships with other crypto industry players to broaden its influence in the sector and expand its service offerings.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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September 16, 2025
Bitwise Asset Management filed for SEC registration for a spot Avalanche ETF, joining VanEck and Grayscale in the race to offer institutional exposure to AVAX through regulated investment vehicles.
The passively managed fund aims to mirror Avalanche’s value minus operational expenses, with Coinbase Custody serving as the digital asset custodian.
The filing details a Delaware statutory trust structure offering cost-effective exposure to Avalanche through traditional securities markets.
The trust will hold only AVAX tokens and use the CME CF Avalanche-Dollar Reference Rate as its pricing benchmark, calculated daily at 4:00 PM ET from multiple constituent platforms.
Avalanche Foundation is simultaneously raising $1 billion through two crypto treasury vehicles led by Hivemind Capital and Dragonfly Capital.
ETF Arms Race Intensifies as Multiple Firms Target AVAX ApprovalThe Bitwise registration follows VanEck’s March filing and Grayscale’s Form 19b-4 submission through Nasdaq for Avalanche ETF conversion.
Bloomberg Intelligence assigns high approval odds for altcoin ETFs this year, with institutional demand driving applications beyond Bitcoin and Ethereum products.
Bitwise previously experienced regulatory turbulence when the SEC granted accelerated approval for its 10 Crypto Index ETF in July before reversing the decision hours later through a stay order.
The multi-asset fund would have included Avalanche alongside Bitcoin, Ethereum, XRP, and Solana, with 85% allocation to previously approved components.
VanEck launched the Purpose-built Fund specifically for Avalanche-based businesses, utilizing native real-world asset products and tokenized money market funds.
The fund targets capital appreciation through investments in digital assets with a market capitalization of over $100 million across the finance, payments, gaming, and AI sectors.
Grayscale’s pending conversion of its Digital Large Cap Fund to ETF status includes Avalanche alongside Bitcoin, Ethereum, Solana, and XRP.
The fund maintains a 79.9% Bitcoin allocation and an 11.3% Ethereum allocation, with the remaining assets distributed among approved altcoins.
The competitive landscape intensified as major institutions began to engage with Avalanche’s blockchain for portfolio management and digital asset projects.
BlackRock expanded access to its USD Institutional Digital Liquidity Fund to include Avalanche in November 2024, following initial Ethereum availability.
Chairman Paul Atkins established a crypto task force to develop clear rules, following years of “regulation by enforcement” under the previous leadership.
March decisions on multiple altcoin ETFs were delayed until October, with the Commission citing the need for “longer periods” to consider proposed rule changes.
🇺🇸The SEC has delayed decisions on multiple altcoin spot ETFs, including XRP, Solana, and Litecoin, citing the need for more review. Analysts say it’s standard procedure and remain optimistic about approval.
#CryptoETFs #SEChttps://t.co/Q8aODggS0f
— Cryptonews.com (@cryptonews) March 12, 2025 The approval process involves 21-day public comment periods, allowing industry stakeholders to provide input before final decisions are made.
Avalanche’s proof-of-stake consensus mechanism and subnet architecture differentiate it from Bitcoin’s energy-intensive mining.
The network’s three-blockchain structure supports token creation, validator management, and smart contracts, while enabling custom permissioned blockchains that rely on the main network’s security and integrity.
The simultaneous treasury vehicle launches aim to garner serious institutional conviction through SPAC structures and private placements.
Hivemind Capital’s $500 million vehicle aims for September completion, while Dragonfly Capital’s equivalent SPAC targets October finalization.
At the time of writing, AVAX is trading at $29.91, representing technical momentum testing $30 resistance.
Technical Analysis Points to Breakout Momentum Following ETF FilingAVAX exhibits classic descending wedge characteristics on hourly charts, trading at $29.90 near the pattern’s apex with upper trendline resistance and dynamic support convergence.
Source: X/@JeremyybtcThe coiling effect from multiple tests of wedge boundaries creates optimal conditions for explosive directional moves, particularly with ETF-filing catalysts supporting bullish sentiment.
Long-term weekly charts reveal AVAX breaking above significant descending trendlines containing price action since the 2021 peaks near $147.
The macro perspective shows AVAX’s 240% recovery from cycle lows around $8.50, positioning the token in the critical $30-35 resistance zone.
Sustained trading above current breakout levels could open pathways toward $50 with minimal intermediate resistance.
ETF approval precedents from Bitcoin and Ethereum suggest initial announcements generate 50-100% advances within weeks of confirmation.
The technical setup positions AVAX optimally to capture such moves through descending wedge momentum combined with institutional validation.
AVAX’s immediate trajectory targets the $35-40 region following successful wedge breakouts, with long-term potential extending toward $50 levels based on minimal resistance structures.
PANews reported on October 9th that Crypto Briefing reported that the DTCC has listed the Canary Trump Coin ETF (ticker: TRPC ) on its platform. The product tracks the Solana-based " Trump Coin " meme token, a politically-themed crypto asset. The DTCC listing brings the ETF one step closer to mainstream trading availability, though it still requires further regulatory and issuance processes.
Growing confusion over Polygon’s token identity has prompted project leaders to reconsider a decision made just a year ago. Concerns from everyday users and long-time holders have reopened the discussion about whether the network should drop its current POL ticker and restore MATIC, the name many still recognize.
In brief Co-founder Sandeep Nailwal raises concerns as users struggle to recognize POL, pushing for a possible return to MATIC. Retail holders report difficulty finding POL, arguing MATIC held stronger global visibility and easier brand recall. POL’s poor market performance adds pressure, trading far below prior highs and sitting under key technical levels. Community split grows, with some supporting POL’s expanded utility while others prefer restoring or replacing the ticker. Market Downtrend Fuels Fresh Discussion on Bringing Back MATIC Polygon co-founder Sandeep Nailwal rehashed the topic after asking the community on X whether reverting to MATIC should remain an option. He noted that, although he personally supports keeping POL, he still hears that many retail users struggle to find or identify the updated token. He added that small business operators and gig-economy workers who previously held MATIC often do not realize that the asset now trades under a different ticker.
This repeated feedback pushed Nailwal to bring the issue to the public. He emphasized that recognition among casual users remains important, even if core contributors feel comfortable with POL. His post quickly drew mixed reactions from traders, developers, and long-time community members.
Polygon rebranded MATIC to POL on Sept. 4, 2024, presenting the shift as an upgrade to support a broader multisided token model. Under the revised structure, POL collects fees not only from gas and staking but also from tasks such as securing data availability or participating in decentralized sequencing. Polygon Labs CEO Marc Boiron explained that the change broadened the token’s role beyond what MATIC offered.
POL Slides Below Key Levels as Market Weakness Deepens for Polygon Even with the rebrand, Polygon has continued to yield to the ongoing market decline. As per latest on-chain data, the coin is trading at $0.13, about 90% below its March 2024 all-time high of $1.29. Technically, the asset is positioned below the 200-day simple moving average, further highlighting its market struggles.
Adding to this technical trend, the coin posted fewer than 12 green days in the last month. Experts believe retail frustration with the token’s new identity may be contributing to its poor standing.
Polygon Weighs Token Identity Shift as Users Rally Behind MATIC Community responses to Nailwal’s post reveal a clear divide, with some arguing that tickers matter less than fundamentals. One user suggested that the project should stay focused on development and allow the market to adjust to POL naturally. Another remarked that POL already cleared the difficult early-acceptance stage and that switching back could create additional confusion.
Others countered that MATIC still carries strong brand power among early adopters. They stressed that retail engagement remains crucial and that users who remember MATIC expect to see that ticker when searching for the asset.
We haven’t really seen a new wave of retail entrants into the markets, so going back to Matic might actually be the play here.
Mo Ezeldin Several recurring arguments sit at the center of the debate:
MATIC enjoys stronger global recognition than POL. Many retail users remain unaware of the rebrand. POL offers broader utility but weaker visibility. Reverting could reduce confusion during future market growth. An alternative ticker, such as PGON, might avoid issues tied to both the old and new symbols. Some participants also proposed choosing a completely new ticker to signal continuity without fully returning to the past. To them, a new symbol could help Polygon build a modern identity while avoiding the recognition problems POL currently faces.
Nailwal has not committed to any action but mentioned that he remains open to community input. For now, Polygon’s leadership continues to weigh whether stronger brand familiarity should guide the next steps in its token strategy.
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Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
8 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
8 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
8 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
8 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
8 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
On March 28, MicroStrategy Executive Chairman Michael Saylor updated his X profile with laser eyes and a simple message: “It’s time to put the laser eyes back on. $BTC.”
The post surpassed one million views within hours, reigniting bullish sentiment across crypto social media. But every time Saylor used this symbol, it held an important meaning.
Michael Saylor and the Symbol With WeightThe laser eyes symbol carries significant weight in Bitcoin culture. The trend originated in 2021, when believers, including Saylor, Anthony Pompliano, and dozens of public figures, added glowing red eyes to their profile pictures as a declaration that Bitcoin would hit $100,000.
Saylor has since used the symbol selectively, reserving it for moments of strong conviction.
Michael Saylor. Source: XMicroStrategy Doubles Down Despite Unrealized LossesThe timing is deliberate. MicroStrategy currently holds 761,068 BTC, approximately 3.6% of Bitcoin’s entire fixed supply, with an average purchase price of around $75,696 per coin.
Despite the company sitting on significant unrealized losses at current market levels, Saylor’s laser eyes suggest he views the situation as an opportunity, not a threat.
Strategy has publicly set a target of accumulating 1 million BTC by the end of 2026.
Cardone Follows: 100 Bitcoin This WeekReal estate billionaire Grant Cardone wasted no time. One day after Saylor’s post, Cardone asked his 1.5 million X followers, “Do you still believe?” before announcing he would add 100 Bitcoin to his holdings this week.
The back-to-back moves from two of Bitcoin’s most visible advocates send a clear message: major players are potentially treating the dip as an accumulation window.
Adding 100 BTC this week
— Grant Cardone (@GrantCardone) March 30, 2026 Whether the laser eyes mark the beginning of a new rally or simply renewed resolve, the conviction among Bitcoin’s biggest names appears unshaken.
Gold (XAU) and silver (XAG) futures have climbed into the top five by trading volume on Binance Futures.
Binance Metal Rush Doesn’t Leave Crypto Behind Just weeks after Binance rolled out gold and silver perpetual futures settled in USDT, the cumulative volume across the metals contracts already reached the tens of billions of dollars, a CryptoQuant report from yesterday claims.
However, CryptoQuant’s analyst Marteen assures that Binance is still overwhelmingly crypto‑native. Bitcoin leads the futures volume around the low‑$20‑billion range with Ethereum following behind at $18.1B and Solana at a distant third at $3.0B. But the metals’ rise into the top bucket shows non‑crypto assets are no longer a sideshow. Gold is already in 4th place at $2.15B, and silver is right behind it at $1.98B.
Marteen’s conclusion is simple. Binance still leans heavily toward crypto, but it has outgrown being a pure crypto venue. Commodities have soaked up liquidity at speed, and equity‑linked products are now starting to see meaningful flow as well.
[Binance] – Snapshot Futures Volume – April 1st, 2026. Source: CryptoQuant. Binance Joins The Oil Rush Too According to WuBlockchain, Binance’s new “TradFi” futures suite (gold, silver and stock‑linked products) has rapidly captured a meaningful share of overall derivatives activity on the platform.
On April 2, the first full trading day after launch on Binance, USDⓈ-margined perpetual contracts for crude oil assets CL and BZ recorded trading volumes of $760 million and $358 million respectively, ranking third and fourth among Binance TradFi perpetual products. Meanwhile,… pic.twitter.com/PoROHzQsur
— Wu Blockchain (@WuBlockchain) April 3, 2026
Crude oil benchmarks CL and BZ posted volumes of $760 million and $358 million dollars respectively, placing them third and fourth among Binance’s traditional‑finance perpetual products.
Daily Volume by Symbol. Binance TradFi-USDT Perp. Source: WuBlockchain. Trading activity, however, remains dominated by gold (XAU) and silver (XAG), which together generated $5.58 billion in daily volume, makin up more than 70% of the total.
Are Crypto Venues Morphing Into Multi‑Asset Trading Hubs? Let’s keep in mind that Binance is not the only crypto venue experiencing such a dramatic shift. In recent weeks, Hyperliquid has been under the spotlight for many reasons, but one of the main ones is that the leading perp DEX’s combined HIP-3 (oil, gold and silver) open interest reached all-time highs. The platform is now trading more volume in tokenized commodities than digital assets. Just yesterday, NewsBTC reported that tokenized Brent oil futures on Hyperliquid generated about $46.6 million in liquidations in 24 hours, making oil the third‑most liquidated asset on the decentralized exchange.
Gold Perpetual Contracts on Binance right now, showing the performance. They are trading for almost $4.7k Source: XAUUSDT.P on Tradingview. Gold and silver have been ripping on the back of inflation worries, rate‑cut bets and geopolitical stress. Binance is joining the 24/7 RWA’s trading hub bandwagon by effectively letting traders express those macro views with high leverage and stablecoin collateral, instead of using legacy commodity exchanges.
Gold and silver breaking into the top five on Binance Futures is a signal that the line between crypto and TradFi markets is dissolving, with liquidity, speculation and hedging all moving onto the same rails.
A portion of derivatives capital rotating into metals and stock‑linked contracts can thin order books and amplify volatility in smaller altcoins during risk‑off episodes.
Silver Perpetual Contracts on Binance right now, showing the performance and technicals. They are trading for almost $73. Source: XAGUSDT.P on Tradingview. Sophisticated players might use metals futures on Binance as a hedge against crypto drawdowns. Correlation regimes between BTC and gold (as the one between oil and Bitcoin explained by NewsBTC yesterday) could shift as both trade on the same venue. Ignoring this new macro layer on Binance’s futures board could mean missing an important signal about where “smart” derivatives flow is going.
At the moment of writing, BTC trades for almost $67k on the daily chart. Source: BTCUSD on Tradingview. Cover image from Perplexity. All charts from Tradingview.
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
8 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
8 minutes ago
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
8 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
8 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
8 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
Key TakeawaysSatellite Subsidiary Progresses With Public Market PlansParent Company Shares Decline Despite Regulatory MilestoneCompany Overview and Strategic DirectionGet 3 Free Stock Ebooks WISeKey shares retreat as WISeSat subsidiary progresses with Nasdaq listing under WSAT symbol.
Satellite subsidiary submits updated confidential SEC registration for anticipated public market debut.
Stock faces downward pressure following disclosure of SPAC transaction advancement.
WISeSat pursues independent Nasdaq presence through WSAT ticker while parent company shares decline.
Parent company experiences continued selloff as satellite unit completes regulatory filing milestone.
Shares of WISeKey International Holding (WKEY) declined following disclosure of a regulatory filing advancement for its satellite subsidiary WISeSat’s forthcoming Nasdaq debut. The stock settled at $8.25, representing a 6.99% decrease, and continued sliding to $8.17 during pre-market activity. The decline reflected investor concerns surrounding the proposed space technology merger transaction.
WISeKey International Holding AG, WKEY
Satellite Subsidiary Progresses With Public Market Plans According to WISeKey’s announcement, WISeSat.Space Holdings Corp. filed an updated confidential Form F-4 registration draft with the Securities and Exchange Commission on May 29, 2026. This submission advances the satellite company’s merger with Columbus Acquisition Corp. Upon deal completion, the merged entity anticipates commencing Nasdaq trading operations under the WSAT ticker symbol.
The transaction stems from a Business Combination Agreement executed November 9, 2025, involving WISeSat, CAC, Pubco, WISeKey, and WISeSat Merger Sub Corp. Following consummation, both WISeSat and CAC will operate as Pubco subsidiaries. The arrangement remains contingent upon SEC clearance, Columbus Acquisition shareholder consent, and Nasdaq listing authorization.
The satellite division operates via WISeSat.Space AG, concentrating on protected orbital infrastructure solutions. Its mission encompasses secure communications channels, digital authentication systems, encrypted data transmission, and defense-oriented space technologies. The enterprise leverages WISeKey’s established expertise in cybersecurity protocols, identity verification, and semiconductor engineering.
Parent Company Shares Decline Despite Regulatory Milestone Trading activity for WKEY remained bearish following the filing disclosure. Shares concluded regular trading at $8.25 following the 6.99% drop, then extended losses by 0.96% before market open. This movement brought the pre-market price to $8.17, demonstrating persistent selling pressure.
The negative market response accompanied the transaction’s progression into additional regulatory stages. While a confidential amended registration draft represents forward movement, it doesn’t finalize the combination. Furthermore, the public Form F-4 remains pending effectiveness with the SEC.
WISeKey disclosed the advisory team supporting the merger. Maxim Group LLC serves as sole financial advisor to WISeKey. Legal counsel includes Ellenoff Grossman & Schole representing WISeSat and Pubco, alongside Loeb & Loeb advising CAC.
Company Overview and Strategic Direction WISeKey’s core operations span cybersecurity solutions, digital identity platforms, and internet-connected device security. The company maintains dual listings under WIHN on Switzerland’s SIX Exchange and WKEY on Nasdaq. Its WISeSat division represents expansion into orbital secure connectivity infrastructure.
The satellite subsidiary focuses on quantum-resistant communication networks delivered through protected space-based systems. WISeSat intends to integrate orbital services with verification technologies, digital identity frameworks, and protected information exchange protocols. Target markets include government agencies, corporate entities, and industries requiring encrypted communications.
The planned WSAT listing would establish WISeSat as an independent publicly-traded entity. Nevertheless, the arrangement awaits final documentation and shareholder authorization. During this interim period, WKEY shares remain under selling pressure as investors evaluate transaction completion risks.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
BitDAO (BIT)suspected FTX founder Sam Bankman Fried's venture capital firm Alameda Research of breaching an agreement made in 2021 and selling its 100 million BIT tokens, causing BIT to plummet.
The DAO community asked Alameda to prove that it still owns its BIT tokens, and Alameda responded by transferring over 100 million BIT tokens from an FTX hot wallet to an Alameda address.
BackgroundAlameda published a proposal titled BIP-4 and offered BitDAO to swap 100 million BIT tokens with Alameda for 3,362.315 FTT tokens and make a public commitment not to sell each others' tokens for three years. The proposal was open for voting between Oct. 20 and Oct. 30 2021 and passed with 100% votes of the participants in favor.
The token swaps took place on Nov. 2, 2021, in three transactions, and both parties agreed not to sell them before Nov. 2, 2024.
Coins plummetOn Nov. 8, both BIT and FTT experienced a sharp 20% decline at around the same time. BIT fell from $0.40 to $0.33, while FTT plummeted from $22.12 to $15.36. Both tokens quickly recovered from a portion of their losses. At the time of writing, BIT is being traded for $0.39, while FTT is priced at $18.184.
BITUSDFTTUSDIn light of recent speculation about FTX's financial stability, the BitDAO community suspected that Alameda may have sold its BIT holdings and caused the sudden dump of both FTT and BIT.
BitDAO's founder and CEO Ben Zhou Tweeted to explain their suspicions and announced that they are asking for proof of funds from Alameda.
Bitdao community is questioning the sudden dump of $bit token caused by Alameda dumping and breaching the 3 yr mutual no sale public commitment. Nothing is confirmed but bitdao community would like to confirm a proof of fund from Alameda. https://t.co/YassKhcdPt
— Ben Zhou (@benbybit) November 8, 2022
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The BitDAO community ensured that the 3,362.315 FTT tokens were safe and sound in the BitDAO treasury, and asked Alameda to ensure BitDAO by transferring the 100 million BIT tokens into an on-chain address so that the BitDAO community can verify.
BitDAO community warned that if Alameda fails to provide sufficient proof of funds within 24 hours:
“It will be up to the BitDAO community to decide (vote, or any other emergency action) how to deal with the $FTT in the BitDAO Treasury.”
FTX respondsResponding to BitDAO's request, over 100 million BIT tokens were transferred from an FTX hot wallet to Alameda's address.
This address is the original address that Alameda agreed to receive its BIT tokens in when the deal was inked in 2021.
BitDAO, a decentralized autonomous organization with a treasury worth over $1.7 billion, has launched an Ethereum Layer 2 network called Mantle, the DAO announced on Wednesday.
Mantle is a modular Ethereum Layer 2 chain. Modular networks are a new way of designing blockchains and are different from the older monolithic chains, where all network functions happen on the base layer. On modular blockchains, there are separate layers for network consensus, transaction execution and settlement, as well as data availability. This type of design is said to create networks that are more efficient and have greater scalability.
BitDAO’s Layer 2 network stack has three distinct layers, according to the announcement. One layer is for transaction execution while the other two handle transaction finality and data availability, respectively.
Mantle is BitDAO’s attempt to solve some of the challenges facing Layer 2 networks, a spokesperson for the DAO told The Block. “BitDAO aims to bring the spotlight back from Alt-L1s to Ethereum and give market participants the best web3, DeFi and GameFi have to offer,” said the spokesperson.
Mantle will reportedly offer superior features compared to other Layer 2 networks. BitDAO’s Layer 2 network will come with faster throughput and low fees, and be powered by a decentralized data availability layer, the announcement stated. Transaction fees on Mantle will be paid using BitDAO’s governance token, BIT.
EigenLayer, an Ethereum middleware platform, is one of the partners in the project. As such, early adopters can use EigenDA, a custom-built data availability layer designed by EigenLayer that supports Optimistic and ZK-Rollups — the two major types of roll-up technology.
Wednesday’s announcement marks the soft launch of the Layer 2 network. Mantle is expected to roll out an incentivized public testnet next year.
A BitDAO spokesperson confirmed that DAO partners can deploy protocols on Mantle when launched. Unlike most DAOs built around specific DeFi projects, BitDAO is more of an investment DAO. BitDAO’s mandate is to grow the web3 ecosystem by providing grants to projects and supporting web3-based research activities. BitDAO has the second-largest DAO treasury in the crypto space.
“Mantle will serve as the connective tissue for various BitDAO initiatives, such as projects from Game7, research from EduDAO, to the ecosystem of dApps being enabled by BitDAO," said jacobc.eth, product head at BitDAO’s Windranger Labs, adding: "Mantle is BitDAO’s demonstration to scale Ethereum and web3, enabling a whole new generation of use cases and innovations.”
While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem.
As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented.
Ethereum gas spent to settle L2 transactions. Source: Twitter Blockchain analytics firm Nansen also released data today showing the growth of layer-2 solutions. Specifically, Nansen referred to Abritrum.
“Arbitrum season is in full swing,” wrote a researcher at Nansen. According to their data, transactions on L2s are increasing significantly, while transactions on Ethereum are decreasing. A clear divergence can be seen.
Ethereum L1 vs. Arbitrum. Source: Twitter Regarding Arbitrum, the Nansen researcher writes that the number of daily active addresses averaged 50,000 to 70,000 in November and December. A few months ago, from July to September, the average was 15,000 to 20,000.
With the recent Nitro upgrade, Arbitrum has once again massively lowered its average gas price for a transaction. While the average fee was $0.35 before Nitro, it has dropped to $0.08 afterwards. This represents a reduction of almost 75%.
However, although Arbitrum’s network usage is skyrocketing, there is no token yet. So far, there is also a lack of an official announcement regarding an Arbitrum token.
Rumors have it that Arbitrum will launch its token by the first quarter of 2023 at the latest. The ticker is supposed to be either ARBI or ARB.
The Leading Ethereum L2 Solution As NewsBTC reported yesterday, Polygon (MATIC) currently holds the leading position when it comes to successful Ethereum L2 tokens. The project has entered partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others.
Sandeep Nailwal, co-founder of Polygon, revealed yesterday that the zkEVM mainnet “is coming soon”. With the implementation, Polygon will reach a massive milestone.
Once the zkEVM mainnet comes online, there could be an explosion of dApps on Polygon. Zero-knowledge cryptography will enable privacy and minimize data volumes to make transactions for smart contracts even more efficient.
BitDAO And Optimism Another emerging L2 project is BitDAO, which is backed by the exchange Bybit. About a week ago, the project had announced the soft launch of Mantle, a modular Ethereum Layer-2 solution with separate execution, finality and data availability layers.
A public test network is scheduled to go live in 2023. It will serve as the core of BitDAO and use BIT as a token.
Optimism also has a token. The L2 Ethereum scaling solution was first introduced in June 2019, and the public mainnet was launched in December 2021.
The OP token’s airdrop took place in June 2022, with nearly 249,000 registered Optimism users receiving the newly launched token. Remarkably, the project’s mainnet is currently hosting the largest decentralized exchange, Uniswap V3.
At press time, the ETH price was sitting just above crucial support in the 4-hour chart.
Cover image via stock.adobe.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market is not ending on a high note, but at the same time, there are projects that are not losing their value as rapidly as the majority of assets. Despite having relatively lower capitalization, the momentum on those assets suggests that the recovery at the beginning of the year is still possible if investors gain exposure to less mainstream assets.
Who ends year on high note?Most assets in a green zone are tied to centralized exchanges or different trading platforms. The only exclusion would be Toncoin – the underlying cryptocurrency of the Ton Network that has been rallying on the market in the last few weeks.
In the last 72 days, Ton gained over 60% to its value thanks to the variety of solutions and platforms the development of the project delivered, including phone numbers and handles for Telegram social chatting platforms.
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Source: CoinMarketCapThird place goes to Trust Wallet's underlying token, which is gaining more traction on the market after the migration of funds toward self-custody, which increases the value of the token's ecosystem.
The tendency on the market shows that most of the growth is being redistributed among assets that represent a certain use case: cryptocurrency exchange, cryptocurrency wallet or any other solution.
Dogecoin is at year lowUnfortunately for meme coin enthusiasts, Dogecoin is testing the local low and losing almost 60% of its value from the current peak. The tendency right now looks like Dogecoin will be continuously going down, gradually moving to 2022's bottom.
The lack of demand for risk and the lack of support from Elon Musk and other influencers are two of the main causes behind the poor performance of DOGE. Additionally, previously announced use cases for Dogecoin and the development of the network, with the help of Vitalik Buterin, have not been delivered.
Ethereum's issuance hits recordWe have mentioned the lack of burning activities on the network for the last few market reviews, which is the main reason behind the depressed price performance of the second biggest cryptocurrency on the market.
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Unfortunately, the situation became aggravated by the end of the year: the issuance of Ethereum since The Merge has almost reached 5,000 ETH, which means that the network's activity is not recovering, and we are unlikely to see the positive price performance by the beginning of the next year.
From a technical perspective, Ethereum is moving in the local uptrend, which could be nothing but a correction in the prolonged downtrend. Despite the ascending nature of Ethereum's movement in the last few days, until Jan. 5, we are unlikely to see any change in Ether's performance on the market.
Updated Jan 26, 2023, 2:13 p.m. Published Jan 26, 2023, 1:30 p.m.
2 min read
(sergeitokmakov/Pixabay)Cryptocurrency derivatives exchange BIT on Thursday introduced options tied to toncoin (TON), the native token of the decentralized layer 1 blockchain The Open Network, formerly known as Telegram Open Network.
The options are live on the platform today and will be available on the institution-focused liquidity network Paradigm later, the exchange said in a statement shared with CoinDesk.
TON is the world's 23rd-largest cryptocurrency, with a market capitalization of $3.33 billion, according to data from CoinGecko. The cryptocurrency doubled in second-half 2022, decoupling from the broader market lull.
The offering adds to BIT's existing product suite of futures and options tied to crypto market leaders bitcoin and ether. The move suggests growing investor interest in derivatives tied to alternative cryptocurrencies, or altcoins. While the crypto derivatives market has exploded in size over the past three years, growth has been mainly driven by demand for bitcoin and ether derivatives.
"With the advent of dollar-margined products and the addition of various altcoin options, the options market has enormous growth potential," BIT co-founder and Chief Operating Officer Lan said in a statement. "BIT and our trusted partners are devoted to increasing the accessibility of crypto options for both institutional and retail traders."
Options are derivatives contracts that offer the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, while a put option offers the right to sell.
At press time, Deribit was the world's largest bitcoin options exchange, accounting for 90% of the global open interest of $6,863 million. BIT was the world's sixth-largest by volume and open interest, data tracked by Amberdata show.
The options are launched in collaboration with liquidity provider Darley Technologies and blockchain industry market maker and TON-backer DWF Labs
"With a global community growing at a speed of more than 2% weekly, as well as more than 100 million transactions to date, the TON ecosystem is one of the most promising on the market," said Andrei Grachev, managing partner at DWF Labs. "Joining the options market is a logical and important step for TON because, until now, the only coins available there were BTC and ETH. It means TON will take its place alongside crypto's most prestigious coins."
