Wells Fargo is on the hook for hundreds of millions of dollars after a jury in Florida found the bank charged unauthorized fees and mishandled a trust fund established for minors.
The law firm representing the Seminole Minors Per Capita Payment Trust, a trust fund set up by the Seminole Tribe of Florida to safeguard the financial futures of around 2,000 children, says Wells Fargo is set to pay $825 million in damages and over $7 million compensation for the unauthorized fees charged.
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The lawsuit accused Wells Fargo and eight of its executives of breaching fiduciary duty to the tribe and its children. The eight Wells Fargo executives were ordered to individually pay token damages of between $50 to $500.
According to the plaintiffs’ lawyer, Wells Fargo relationship manager Kim Scott confessed to the bank’s wrongdoing during cross-examination
“…Scott admitted Wells Fargo knowingly mismanaged funds, maintained inadequate records, and collected millions in unauthorized fees. Scott also revealed he had never fully reviewed the Trust’s governing documents, despite managing one of the bank’s largest accounts.”
Wells Fargo was fired as the trust fund’s trustee in 2016 after officials of the Seminole Tribe conducted a review of the rate of returns. Wells Fargo’s investment strategy reportedly resulted in returns that barely kept pace with inflation. The leaders of the Seminole Tribe also questioned illegal fees amounting to $7.6 million that Wells Fargo had charged the trust.
Following the jury verdict, Wells Fargo says it will appeal. A spokesperson for Wells Fargo’s Wealth and Investment Management department, Meghan McDonald, says.
“We followed the [Seminole] Tribal Government’s clear and repeated instructions about the management of the trust, abided by our fiduciary duty, and delivered financial results consistent with the Trust’s mandate for the children of the Tribe during our time as Trustee. Our goal for the appeal is to address multiple courtroom rulings that we believe prevented us from sharing the full story with the jury.”
The Seminole Minors Per Capita Payment Trust was set up two decades ago with the sole trustee being Wachovia Bank, which Wells Fargo acquired in 2008. The trust derived its resources primarily from the Tribe’s gaming enterprises. Currently, estimates place the trust’s assets at nearly $3 billion.
Own. app, a decentralized social media platform focused on creator monetization, on Thursday announced it has partnered with Ubuntu Tribe to integrate GIFT Gold, a gold-backed stablecoin, into its ecosystem.
This marks the first gold-pegged payment integration designed specifically for Africa's creator economy, a sector projected to surpass $30 billion by 2027.
Under the partnership, creators using Own. app in markets like Kenya, Nigeria and Côte d'Ivoire will now be able to receive loyalty rewards, tips and subscription payments denominated in GIFT Gold, a digital asset backed 1:1 by audited physical gold reserves.
The move addresses the volatility of fiat and crypto payments, which often limit consistent income for digital entrepreneurs across African nations.
GIFT Gold provides an alternative, functioning as a medium of exchange and store of value and offering users a path to long-term wealth generation without exposure to inflation or token price swings.
Also Read: After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Here’s What’s Coming
"This isn't just another tech partnership, but rather an opportunity to build financial and creative sovereignty," said Mamadou Kwidjim Toure, CEO of Ubuntu Tribe. "We're merging Africa's legacy of gold with the future of work."
Own. app plans to launch the pilot with 1,000 early creators, with ambitions to scale access to 100,000 users across the continent and the African diaspora by 2026.
A full deployment of the app's plug-in architecture will roll out in late 2025, further embedding GIFT Gold and related financial products into the platform.
Katia Zaitsev, COO and co-founder of Own. app, added that the integration aligns with the platform's mission to "return power to the creators" and offer a decentralized financial infrastructure that matches real-world user needs.
An in-person event is scheduled for the fourth quarter of 2025 to engage local creators, demonstrate the integration, and host roundtables on policy and decentralized finance.
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• $332 Million To Minus $85 Million: Why Are Ethereum ETFs Suddenly More Popular Than Bitcoin ETFs?
Photo: SWKStock via Shutterstock
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PANews reported on September 26th that cryptocurrency exchange Kraken has completed a $ 500 million funding round this month, according to Fortune . The latest valuation is $ 15 billion. The funding round, which had no lead investor and was set by Kraken itself, included Tribe Capital and its co- CEO Arjun Sethi .
Kraken acquired NinjaTrader for $ 1.5 billion this year, adding 2 million users. This funding round prepares Kraken for an IPO , which is planned for 2026. Kraken primarily serves professional and institutional clients and recently launched products such as xStocks , promoting the integration of traditional finance and crypto assets.
TLDR: Kraken closed a $500M funding round at a $15B valuation as it prepares for a 2026 IPO listing. Tribe Capital and its co-founder Arjun Sethi were among the participants, with Sethi also investing personally. The exchange acquired NinjaTrader for $1.5B, adding 2M pro traders to its customer base this year. Kraken is building products like xStocks to attract retail users while strengthening its institutional trading business. Kraken has pulled off one of its biggest moves yet. The crypto exchange has quietly closed a $500 million funding round, setting its valuation at $15 billion. The raise comes as the company sharpens its focus on growth and public listing plans.
Investors from major venture capital firms and asset managers joined the round. The exchange is now positioning itself for a 2026 IPO while pushing into new markets and product categories.
Kraken Funding Round and Valuation According to Wu Blockchain, Kraken structured the round itself with no single lead investor. The $500 million raise attracted a mix of institutional players, including Tribe Capital, where co-CEO Arjun Sethi serves as chairman. Sethi personally participated in the round.
Crypto exchange Kraken has completed a $500M funding round at a $15B valuation. The round had no single lead investor and was structured by Kraken itself. Participants included investment firms, venture capital funds, and CEO Arjun Sethi’s Tribe Capital, with Sethi also investing…
— Wu Blockchain (@WuBlockchain) September 26, 2025
Kraken’s valuation now stands at $15 billion, aligning with its strategy to secure capital before going public.
Fortune reported that the company generated $411 million in revenue in Q2 and almost $80 million in post-Ebitda earnings. These figures give it one of the strongest balance sheets among crypto exchanges preparing to list.
The funds are expected to accelerate Kraken’s global expansion. The exchange has been building new trading products, acquisitions, and infrastructure to capture more market share. This year, it acquired NinjaTrader for $1.5 billion, adding 2 million professional traders to its customer base.
IPO Preparations and Leadership Kraken’s IPO target date is now set for 2026, slightly later than many competitors who went public this year.
According to Fortune, Sethi is leading much of the IPO preparation process, shaping the company’s future direction. His background in venture capital gives him a data-driven approach to strategy and product rollouts.
The company has also seen leadership changes as part of its restructuring. Several senior executives departed during Sethi’s tenure, and the company made internal adjustments to streamline operations. Kraken stated that the changes were aimed at making the organization leaner and faster.
Beyond IPO readiness, Kraken is developing new products like xStocks, tokenized shares of popular companies tradable on-chain. This could attract retail traders in markets where traditional stock access remains expensive.
The exchange continues to focus on professional and institutional clients through its pro trading tools and liquidity services.
With crypto markets seeing renewed IPO activity, Kraken’s decision to wait may be risky, but it gives the firm more time to refine operations. The company remains one of the most established exchanges with multiple revenue streams and a strong institutional base.
Kraken has raised $500 million in fresh funding, lifting its valuation to about $15 billion. The round comes as the exchange looks toward a possible public listing in 2026. The raise was led by Tribe Capital, joined by several funds and private investors. Co-CEO Arjun Sethi also personally backed the round, underscoring his commitment to the company’s future.
Kraken’s latest valuation is a step up from 2022, when it was pegged at $11 billion. Reports had hinted for months that a new raise was underway. Bloomberg even suggested the firm could bring in as much as $1 billion through debt.
NEW: Kraken 🦑 has raised $500 million at a $15 billion valuation as it prepares for a 2026 IPO, marking its largest funding round to date. 🤯
The raise, led internally with backing from investors including co-CEO Arjun Sethi’s Tribe Capital, comes as the crypto exchange ramps… pic.twitter.com/BYqstn1eGz
— Bitcoin News (@BitcoinNewsCom) September 27, 2025
The exchange has been on solid footing financially. In 2024 it generated $1.5 billion in revenue. The first quarter of 2025 alone brought in $472 million. With daily trading volumes of $1.37 billion, Kraken is the second-largest exchange in the U.S., behind only Coinbase.
Kraken Continues Growth Expansion Growth has not been limited to crypto trading. Kraken recently added tokenized stocks, giving users access to assets outside of digital coins. It also bought futures platform NinjaTrader in a $1.5 billion deal and now plans to take the service to the U.K., Europe, and Australia.
Source: X Expansion into Europe has been another focus. Earlier this year, Kraken acquired a Cyprus-based company to secure a MiFID licence. The approval lets the exchange roll out derivatives across the EU. It has already launched perpetual products under the license.
With funding secured, new licences in hand, and revenue climbing, Kraken is signaling that it wants a bigger stage. If plans hold, that stage could be the public market by 2026.
Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
PANews reported on October 8th that, according to Blockworks, the Solana Decentralized Physical Infrastructure Network (DePIN) project, Grass, is raising $10 million in a bridge financing round. This follows the project's previous seed and Series A funding rounds. Andrej Radonjic of Grass revealed to Blockworks that Polychain and Tribe Capital participated in this bridge round, which primarily involved token purchases. The Grass team is reportedly looking to prepare for the transition from training computation cycles to inference, with the ultimate goal of achieving "internet-scale web crawler" operations, which will enable them to build real-time contextual retrieval capabilities.
DePIN platform, Grass, has secured $10 million from two leading crypto investors in Polychain and Tribe Capital.
Decentralized Physical Infrastructure Network (DePIN), Grass, has announced a new capital raise which sees the project laden with some $10 million in fresh investor capital.
The raise takes the form of a bridging round, following on from a Series A investment round, completed in September 2024, which was led by Hack VC - The total raised in the Series A was not disclosed but itself followed a $3.5 million Seed round.
This new raise saw participation from both Polychain and Tribe Capital, both of which are well known venture capital firms within the cryptocurrency industry.
For context, Polychain tallies some of crypto’s most established platforms in its portfolio, including Ava Labs (the company behind the Avalanche blockchain), Oasis Labs, and Dfinity (the company behind Internet Computer).
Tribe Capital, meanwhile, boasts and AUM of some ~$1.8 billion, alongside historical investments into the likes of Berachain and Kraken exchange.
Though the terms of the raise have not been disclosed, Blockworks reported that it was mainly conducted via the sale of the project’s native $GRASS token, presumably with some lock-up or release schedule applied.
According to a post on Grass’ official X/Twitter account, “This investment will be used to support growth, expand infrastructure, and accelerate the path to our goal of an internet scale web crawl.”
What is Grass?Launched in October 2024, Grass operates a layer-2 network atop the Solana blockchain which, in turn, allows network users and participants to monetize their excess bandwidth, thereby creating income streams from an otherwise idle resource.
This bandwidth is paid for by companies training large AI models, and users are rewarded for their contributions in the form of the $GRASS token.
Though the underlying technology behind Grass is complex and built for purpose, the end user experience is smooth and simple. Would-be participants need only download the GRASS browser extension or application, establish their device as a node, and begin earning ‘points’ which are converted into tokens at specific points.
The $GRASS token itself holds a market cap of more than $200 million, as of October 8, 2025, and is listed on tier-one centralized exchanges such as Bybit, Kraken and Bitget.
Sources:Grass’ X/Twitter Page: Fundraising AnnouncementsGrass’ Official Website: General Information on the ProjectCoinMarketCap: $GRASS Token Price Data & Exchange Listings.Author
Jon Wang
Jon studied Philosophy at the University of Cambridge and has been researching cryptocurrency full-time since 2019. He started his career managing channels and creating content for Coin Bureau, before transitioning to investment research for venture capital funds, specializing in early-stage crypto investments. Jon has served on the committee for the Blockchain Society at the University of Cambridge and has studied nearly all areas of the blockchain industry, from early stage investments and altcoins, through to the macroeconomic factors influencing the sector.
On October 23rd, as per Reuters, two insiders disclosed that Apollo Global Management, Oppenheimer, Jane Street, and HSG (formerly Sequoia Capital China) all took part in the recent funding round of the cryptocurrency exchange Kraken, with Kraken being valued at approximately $15 billion. Last month, Kraken completed a $500 million financing round. The participation of these institutions highlights the accelerated entry of traditional financial institutions into the digital asset space. This industry has been benefiting from Trump's pro-crypto stance and the supportive regulatory policies of his administration. In addition, Qube Research & Technologies, Kraken's co-CEO Arjun Sethi, and his co-founded venture capital firm Tribe Capital also participated in this funding round. According to a source, this funding round has laid the foundation for Kraken's upcoming IPO in the coming months.
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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.
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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.
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Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
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A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
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JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
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Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
Crypto exchange Toobit has just rolled out an upgraded version of its Initial Exchange Offering (IEO) platform. The now-called Toobit Launchpad is kicking things off with an exclusive gamefi presale for Idle Tribe Era (ITE).
The revamped platform, which replaces Toobit’s old Speed Zone, has been redesigned with traders in mind. It’s meant to give users a smoother and safer way to get into early-stage blockchain projects. One new feature is a three-day price protection policy, which gives investors their money back if a token’s price falls below its sale value within the first 72 hours after listing.
According to Mike Williams, Chief Communication Officer at Toobit, the revamped platform is meant to create a fairer and more transparent environment for early-stage crypto investments. He said:
The launch of Toobit Launchpad marks a step to connect our community with the most promising projects in the blockchain space.
Idle Tribe Era Becomes the First Project on the Toobit Lauchpad The first project to land on the new Toobit Launchpad is Idle Tribe Era (ITE) presale, which will run from November 10, 2025, at 8:00 a.m. UTC to November 11, 2025, at 6:00 a.m. UTC. ITE is a strategy-driven game built on the BNB Smart Chain that blends casual “idle” gameplay with deep economic layers.
The GameFi project enables players to grow and manage their own tribes, explore new territories, and trade everything they earn as NFTs, including heroes and resources.
In a press release, Williams added:
By upgrading our platform and kicking off with the ITE presale, we are enhancing user safety with features like our 3-day price protection while simultaneously providing unparalleled access to high-quality, early-stage investment opportunities.
Toobit Taps Into Booming GameFi Market The update to Toobit Launchpad comes as the IEO market heats up again in 2025, with more retail traders looking for credible ways to access early token sales. The exchange says it has responded to growing demand for vetted projects and investor protection measures.
Industry analysts expect the GameFi sector to balloon from about $22 billion this year to over $120 billion by 2032, driven by new gaming economies that reward player participation. Launching with ITE gives Toobit a strong entry point into that momentum.
Expanded Payment Options and Fair Access Beyond price protection, the Launchpad now supports a range of crypto payment options, including USDT, BTC, ETH, and more, to make participation smoother for users worldwide. Each project listed will come with its own participation rules and limits to ensure a fair process for both large and small investors.
With this move, Toobit is positioning its Launchpad as a safer, more reliable gateway for discovering high-potential Web3 projects, and giving its users a front-row seat to the next wave of blockchain innovation.
Kerala is set to witness one of its most dynamic finance and technology gatherings yet — Crypto Conclave 2025 – Malabar Edition, organized by Tribe Academy, powered by RAC, and co-powered by CoinSwitch, with Vantage Markets as the title sponsor.
Taking place on November 8, 2025, at Hotel Dimora, Calicut, this year’s edition will bring together over 1,000 attendees, 30+ industry leaders, and 20+ partners from across India to explore the intersection of Finance, Web3, AI, Trading, Investing, and Startups.
A Platform for Learning, Networking, and Growth Crypto Conclave 2025 aims to bridge the gap between traditional finance and emerging technologies, offering hands-on exposure to real-world innovations in blockchain, AI, and wealth creation.
The event will feature keynotes, panels, and workshops led by leading founders, traders, and educators including:
Mirzad Makhdoom (Founder & CEO, Tribe Academy), Zakhil Suresh (Founder, BitSave), Poornima Sajeevan (Finance Educator), Binoy Babu (Founder, Marketable), and many more.
Participants will also experience startup showcases, exhibitions, games, giveaways, and networking sessions, along with lunch, snacks, and certification included in every ticket.
Partners & Collaborators Key partners include RAC, CoinSwitch, Million Dots, FundFloat, Jeta Futures, HACA, Marketable, Livelong Wealth, DXBT, AIM Infinite, MuLearn, Web3K, and Ledger, alongside community and media partners from across India.
Tickets & Participation Student Pass: ₹1,388 (includes food, certificate & full-day access) General Pass: ₹2,988 | VIP Access: ₹3,998 – ₹5,998 Date: November 8, 2025 Venue: Hotel Dimora, Calicut, Kerala Tickets: https://app.makemypass.com/event/cc25-malabar-edition?coupon_code=TRB400 About Tribe Academy Tribe Academy is a leading Web3 and emerging tech education platform that has educated over 30,000+ learners across India and collaborated with 20+ global events. Its mission is to educate, empower, and build an ecosystem for students, creators, and professionals in finance and technology.
Visit: https://www.instagram.com/tribeacademy.in | @cryptotribe.in For more information visit the links below: Website: www.thecryptoconclave.com Instagram: @cryptoconclaveofficia Media Contact +91 90377 25436 | +91 90372 06679 | +91 96330 25436 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.
The US-based cryptocurrency exchange Kraken recently secured a substantial $200 million investment from Citadel Securities, a global market maker. This investment values the exchange at an impressive $20 billion.
Kraken’s Growth Backed By Citadel Securities Citadel Securities has expressed enthusiasm about supporting Kraken’s growth, emphasizing the firm’s role in shaping the future landscape of digital innovation within markets.
Jim Esposito, president of Citadel Securities, highlighted their commitment to collaborating with Kraken on risk management and market structure analysis, among other strategic initiatives.
This capital infusion comes on the heels of a previous financing round back in September of this year, during which the digital asset platform successfully raised $600 million at a $15 billion valuation.
Investors in this earlier round included Wall Street entities such as Jane Street, DRW, HSG (formerly known as Sequoia Capital China), Oppenheimer, Tribe Capital, and the family office of Arjun Sethi, who serves as the exchange’s co-CEO.
IPO Plans Unhurried Despite Strong Figures Kraken’s fundraising efforts, totaling $800 million across its two recent financing rounds, have significantly strengthened the company’s financial position ahead of its planned initial public offering (IPO) in the upcoming year.
However, last week, Bitcoinist reported that Kraken has no plans to speed up its initial public offering, backed by robust financial figures. In a Yahoo Finance interview, Sethi stated, “We have enough capital on our balance sheet as a private company. We don’t race to the door as quickly as possible.”
Arjun Sethi previously emphasized the importance of maintaining a prudent approach, ensuring that the company’s financial foundation remains robust and poised for sustainable growth. In the wake of the recent funding, Sethi stated:
This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system. Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere.
The exchange also disclosed substantial revenue growth in the third quarter of the year, reaching $648 million. Yet, its closest competitor, Coinbase—the largest exchange in the country—reported revenue growth of $1.9 billion.
Kraken’s recent acquisitions, including its $1.5 billion purchase of the futures trading platform NinjaTrader, are further examples of the exchange’s strategic expansion efforts this year. Looking ahead, the exchange revealed in a blog post:
We plan to enter new markets across Latin America, Asia Pacific and EMEA, while broadening our offerings beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities.
The daily chart shows the $1 trillion drop in the total crypto market cap valuation over the past month. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com
**Crypto Market Selloff: Bitcoin Drops Below $84k, $974M in Liquidations; BOJ Hike Hints Cited** On Dec 2, Bitcoin briefly fell below $84,000, dropping more than 8% at one point. The total crypto market cap dipped below $3 trillion, with $974 million in liquidations across the network over the past 24 hours—including $851 million in long positions and over 260,000 liquidated accounts. Arthur Hayes attributed the crash to the Bank of Japan (BOJ) hinting at a possible December rate hike. The USD/JPY pair traded in the 155-160 range, signaling the BOJ’s hawkish stance. Threshold Network co-founder Maclane Wilkison noted: “The BOJ’s impending rate hike signal has tightened global liquidity expectations and shaken risk assets.” Strategy CEO Phong Le stated the firm would only sell Bitcoin if its stock price falls below net asset value (NAV) and it can’t secure new funding. Markets are concerned Strategy may be forced to offload Bitcoin to cover dividends if Bitcoin’s price continues to weaken. Previously, S&P Global Ratings downgraded Tether’s USDT stablecoin from “Restricted” to “Weak,” warning a Bitcoin price drop could expose USDT to under-collateralization risks. Hayes added that a ~30% decline in the “gold + BTC position” would wipe out equity, making USDT theoretically insolvent. Tether CEO Paolo Ardoino pushed back against “Tether FUD,” saying the group’s equity is nearly $30 billion. He noted S&P ignored additional group equity and ~$500 million in monthly base profits from U.S. Treasury yields alone. Tribe Capital General Partner Boris Revsin called the move a “leverage washout” triggering a market-wide chain reaction. The macro backdrop has grown less favorable: short-term rate cut expectations have faded, inflation remains sticky, the labor market is weakening, geopolitical risks are rising, and consumer pressures are mounting—weighing on most risk assets over the past two months. Cardiff founder William Stern said: “With less than a week until the Fed meeting and unclear inflation data, institutional investors are actively cutting risk. They’re unwilling to hold volatile assets like Bitcoin to avoid any hawkish comments from Powell.”
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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.
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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.
5 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
5 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
Tribe XR, the world’s largest DJ school and virtual DJ community, has officially announced the world’s first VR DJ World Champion, crowned live at the DMC World Championships in Tokyo. This historic milestone marks the first time that virtual reality performance and DJ software for beginners have been showcased on a world-class professional stage.
Users can watch the announcement: https://www.youtube.com/watch?v=kCq9jTwCRlU
The newly introduced VR DJ Championship - a collaboration between Tribe XR and DMC, supported by AlphaTheta, Technics, and Meta - introduces a groundbreaking category in virtual DJing, combining the best of DJ software, music production software, and immersive education. Following the success of the inaugural championship, TribeXR and DMC will expand the competition in 2026, launching regional qualifiers that culminate in the World Finals in Q4 2026.
"Tribe is excited to partner with DMC to bring a new category to the DMC World Championships - the VR DJ Championship," said Tom Impallomeni, CEO of TribeXR. "Our first winner, DJ Darcy Kong, was announced in Tokyo in October 2025, and in 2026 we’ll host regional championships leading to the global finals. We’re thrilled to give Tribe DJs the opportunity to showcase their creativity and compete on a world stage."
"Tribe’s goal is to turn aspiring DJs into professionals and performers," added Tom. "This partnership helps us achieve that vision - giving our community a pathway to reach world-champion level performance."
Empowering the Next Generation of DJs
TribeXR blends the capabilities of DJ software, DJ makers, and music production software with immersive VR technology to make the art of DJing accessible to everyone.
Through TribeXR’s platform, users can:
Learn from world-class instructors through interactive live workshops and lessons. Practice on festival-grade DJ gear from AlphaTheta Perform live in global sessions streamed to Twitch, YouTube, and Discord. With more than 500,000 users worldwide, TribeXR provides an authentic, hands-on experience similar to using real DJ apps and DJ gear - but with the flexibility and creativity of virtual reality.
Why It Matters
For DJs, brands, and music fans, this announcement represents a new era where music production software and virtual DJ platforms merge with performance and learning. It opens opportunities for partnerships, sponsorships, and music education innovation, bridging the gap between digital creation and physical skill.
About DMC
Launched in 1983, DMC is the world’s biggest DJ organisation and company behind the World DJ Championships, recognised as the premier DJ competition on the planet since. Key cities including London, New York, Tokyo, and Paris have hosted the Finals over the years with past World Champions including Craze, A-Trak, Mix Master Mike, Qbert, DJ Fly, Cash Money, and Roc Raida. DMC are also the company responsible for the creation of Mixmag and Back to Mine.
Website: www.dmcdjchamps.com/
YouTube: @DMCworldchamps
Instagram: @dmcdjchamps
Facebook: DMC World DJ Championships
About Tribe XR
TribeXR is the world’s largest DJ school and music creator community in virtual reality. Available on Meta Quest, PC VR, and other platforms, TribeXR allows users to learn DJing, mix music, and perform live using real equipment and virtual DJ apps. From DJ software for beginners to advanced music production tools, TribeXR connects learners, creators, and performers worldwide.
Website: www.tribexr.com
Instagram: @tribe_xr
YouTube: @tribexr
TikTok: @tribexr
Community: discord.gg/tribexr
Wire Summary
TribeXR and DMC crown the world’s first VR DJ Champion, DJ Darcy Kong, at the DMC World Championships in Tokyo. Supported by AlphaTheta, Technics, and Meta, this partnership bridges the worlds of virtual DJ software, music production, and performance. Regional VR DJ Championships launch globally in 2026.
Users can watch the announcement: https://www.youtube.com/watch?v=kCq9jTwCRlU
January 13 — U.S. cryptocurrency exchange Kraken is officially backing a newly formed Special Purpose Acquisition Company (SPAC) set to go public via a Kraken-affiliated sponsor. The blank-check firm, KrakAcquisition (backed by Kraken, Tribe Capital, and Natural Capital), filed documents with the U.S. Securities and Exchange Commission (SEC) on Monday, January 13, aiming to raise up to $250 million in its initial public offering (IPO). Per the SEC filing, the Cayman Islands-registered exempt company plans to issue 25 million shares at $10 each in July 2025 and target a Nasdaq Global Market listing under the ticker symbol “KRAQU.” While the SPAC focuses on crypto infrastructure companies, Kraken separately filed a confidential S-1 form in November 2024 seeking a potential IPO of its common stock.
Relevant content
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.
5 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.
5 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
5 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
As reported by The Block on January 30, KRAKacquisition Corp—a Kraken-backed special purpose acquisition company (SPAC)—has completed a $345 million IPO and begun trading on the Nasdaq Global Market on January 28 under the ticker KRAQU. KRAKacquisition Corp was launched by Kraken affiliates alongside Natural Capital and Tribe Capital, with a focus on future mergers and acquisitions (M&A). The firm notes it has not yet identified specific targets nor entered substantive talks with potential transaction partners.
Relevant content
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.
5 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.
5 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
5 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
TLDRKRAKacquisition’s Nasdaq debutKraken’s strategy with SPAC-backed listingGet 3 Free Stock Ebooks KRAKacquisition Corp completed an upsized $345 million IPO, surpassing its initial target of $250 million. The company’s units began trading on Nasdaq on January 28 under the ticker KRAQU. Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant. Kraken, along with Natural Capital and Tribe Capital, sponsors the blank-check company. The offering included 34.5 million units, with 4.5 million sold through the exercise of the underwriter’s overallotment option. KRAKacquisition Corp, a special purpose acquisition company (SPAC) backed by Kraken, has raised $345 million through its upsized initial public offering (IPO). The offering, which was completed on January 28, marks the company’s debut on the Nasdaq Global Market under the ticker symbol KRAQU. The deal exceeded initial expectations, raising more than originally planned, as investor demand led to an upsized offering.
The IPO included 34.5 million units, each priced at $10, with 4.5 million units sold following the exercise of the underwriter’s overallotment option. Gross proceeds reached $345 million before fees and expenses, far surpassing the initial target of $250 million. Kraken, an affiliate of Natural Capital and Tribe Capital, sponsors the blank-check company, which intends to pursue a future merger or acquisition.
KRAKacquisition Corp’s units began trading on January 28 under the ticker KRAQU. The offering comprised units, each consisting of one Class A ordinary share and one-quarter of a redeemable warrant. Once the units separate, the shares will trade under the symbol KRAQ, and the warrants will trade as KRAQW. Each full warrant is exercisable at $11.50 per share.
Santander US Capital Markets served as the sole underwriter for the offering. A registration statement for the IPO became effective on January 27. “The IPO was completed successfully, thanks to strong demand from investors,” said the company in a press release.
Kraken’s strategy with SPAC-backed listing KRAKacquisition Corp is sponsored by an affiliate of Kraken, which aims to assess potential merger or acquisition targets over time. The structure of the SPAC allows the company to hold capital in trust while maintaining the flexibility to pursue future transactions. Kraken and its partners are keeping their options open while awaiting the right opportunity for a potential deal.
The decision to use a SPAC route reflects Kraken’s strategic approach, as the company has not yet identified a specific target.
Have you found yourself asking what the future of crypto and blockchain holds this year?
If so, join the Benzinga Crypto and Blockchain Outlook in 2024 virtual event at 11 a.m. ET on Thursday, Jan. 25. This webinar features an impressive lineup of industry experts, each bringing unique achievements and wisdom on what the year could mean for crypto currency and its relevancy.
Here’s a look at the experts sharing the outlook for 2024.
Alex Chizhik: COO, Chamber of Digital CommerceAlex Chizhik, COO of the Chamber of Digital Commerce, believes the approval of the spot Bitcoin ETF in 2024 is a watershed moment for the crypto. However, he emphasizes the importance of being good stewards of the space and educating investors on the volatility of Bitcoin.
“We must help them understand the freedoms that Bitcoin brings and prepare them to weather the ups and downs of our industry,” says Chizhik.
Joey Garcia: Director, Xapo BankJoey Garcia, the director at Xapo Bank, predicts 2024 will see the development of accessible, open, secure, and structured channels for Bitcoin.
“Accessible, open, secure and structured channels to BTC will continue to develop, and this will increase the 4.2% 2023 global adoption rate of the asset class in 2024, no question,” says Garcia.
He also predicts Bitcoin sidechains will gain momentum as the crypto’s momentum builds. Still, he also highlights the pressure points on the asset’s unregulated and insecure access points.
David LaValle: Global Head of ETFs, GrayscaleStefan Rust: CEO, TruflationStefan Rust, CEO of independent economic data aggregator Truflation, believes Bitcoin is still on track to overtake gold, which has a market cap of nearly $14 trillion.
“Nation states will start using Bitcoin as their national reserve currency, and we will also see the return of commodity-backed currencies, with Bitcoin being one of these commodities,” says Rust.
He also predicts the Bitcoin halving happening this year will lead to a scarcity of supply in the market. Given the growing demand, limited supply will only accelerate the appreciation in the value of this rare finite commodity.
Megan Nilsson: Web 3 Strategic Advisor, Podcast HostMegan Nilsson, a prominent Web 3 Strategic advisor and host of the Crypto Megan Podcast, stands out for her deep understanding of digital currencies and blockchain technology. She has been a vocal advocate for the adoption and sensible regulation of blockchain technology, providing strategic advice to various projects in the Web 3 space.
Her podcast has gained a reputation for its insightful analysis and discussions on the latest trends in cryptocurrency.
Brock Pierce: Futurist and EconomistAccording to Brock Pierce, a renowned futurist, philanthropist and economist, has a positive outlook for Bitcoin in 2024.
"With Central Bank Digital Currencies being a core statement for Trump because of the Vivek as well as RFK Jr. with the ETFs coming online and all the financial uncertainty in the world, I’ve got a very bullish view of Bitcoin this year,” Pierce says.
Market News and Data brought to you by Benzinga APIs
Amp is defined as a new digital collateral token that offers instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can secure transactions for a wide variety of asset-related use cases quickly and irreversibly.
Amp claims to offer a simple yet versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Collateral partitions can be designated to secure any account, application, and even transactions, carrying balances that are directly verifiable on the Ethereum blockchain, while collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed.
Amp supports a wide range of use cases for collateralization and also introduces the concept of predefined partition strategies that can enable special abilities such as staking tokens without leaving their original addresses.
On the other hand, Amp is an extensible platform for securing asset transfers. By staking Amp, any kind of value exchange can be guaranteed: Digital payments, fiat currency exchanges, credit distributions, property sales, and more.
When distributed in a partition, Amp is ready to secure a transfer. With the use of collateral pools, Amp effectively decentralizes the risk of asset transfer, making it suitable especially for fraud-resistant networks and real-world applications.
Amp also simplifies network reward distribution after a transfer is completed. Amp smart contracts offer various built-in incentive models, including micro-distributions and continuous compounding.
In real-world uses, Amp offers 3 features:
Collateral for payment networks: Flexa uses Amp to provide merchants in the digital payment network with instant, fraud-free payments. Additionally, anyone can stake Amp to earn a proportional share of the transaction fees generated on the network.Collateral for individuals: Users can typically secure their own asset transfers for an instant margin reduction, for example, at an exchange. In this case, the user can assign Amp to a collateral manager and transfer another asset without excessive transaction fees.Collateral for DeFi platforms: New DeFi platforms and protocols continuously improve global finance, and many are incorporating Amp into their products. This diversifies Amp’s current and future uses and effectively enhances the quality of collateral.How to Buy AMP Coin?AMP Coin can be purchased quickly and securely via Binance, the world’s largest cryptocurrency trading platform by transaction volume. To buy AMP Coin, one must first register with Binance and then send fiat money. Following the deposit of a fiat currency like dollars, AMP Coin can be purchased in the Bitcoin (BTC), Binance Coin (BNB), BUSD, and Tether (USDT) AMP trading pairs.
Additionally, users can also place a buy order at Binance not only at the market price but also at a lower price. To do this, you need to use the Limit tab and enter the amount and price you want to buy.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Amp (AMP), which solves the problem of balancing security, scalability, and decentralization in cryptocurrency networks, ensures fast and secure payments using AMP coin through the Flexa network. AMP coin secures transactions, offers rewards to stakers, and plays a role in governance. Flexa’s payment infrastructure facilitates cryptocurrency payments while ensuring payments are verifiable and secure even before Blockchain transactions are finalized. In this article, you can find answers to two frequently asked questions: What is Amp (AMP) and how to buy Amp (AMP) with TRY.
What is Amp (AMP)?Cryptocurrency networks face a significant issue known as the Blockchain trilemma, which involves balancing security, scalability, and decentralization. Security and scalability often conflict because secure transactions require numerous confirmations, which can increase transaction times and are impractical for fast transactions like payments. Built on Ethereum, Amp addresses this issue by providing collateral through AMP coin, allowing for faster transaction times while waiting for network confirmations.
Amp operates through Flexa, a payment network that integrates with standard point-of-sale and online systems, enabling merchants to accept cryptocurrency payments. Flexa uses AMP as collateral to ensure payments are verifiable and secure even before the Blockchain transaction is finalized. This system guarantees merchants that funds are secured, facilitating instant payment acceptance.
AMP coin serves multiple purposes. It acts as collateral to secure transactions, rewards users who stake their AMP, and plays a role in governance within the Amp community, guiding the project’s development. The development of AMP coin resulted from a collaboration between Flexa and ConsenSys, a leading Blockchain development company known for the MetaMask crypto wallet.
Founded in 2018 by Tyler Spalding, Trevor Filter, Zachary Kilgore, and Daniel McCabe, Flexa initially launched Flexacoin (FXC) in 2019, raising $14.1 million through a private token sale. Flexacoin was replaced by AMP in 2020 at a 1:1 conversion rate. Flexa’s framework facilitates payments between customers and merchants using a barcode system that allows instant payment processing, adjusting the customer’s digital wallet balance independently of Blockchain confirmations.
Amp operates similarly to an escrow account in traditional finance. It secures payments by holding AMP coins as a financial promise for pending Blockchain transactions. Once transactions are confirmed, the collateral is released, ensuring the continuity of payments. This model provides merchants with confidence that Flexa-supported payments will be completed.
Users can stake AMP coins through the Flexa Capacity network to provide collateral to the system. Unlike typical staking, this process involves conditionally allocating coins as collateral without transferring them to a smart contract, allowing users to retain their coins. Stakers earn fees used to purchase AMP coins from merchants using the Flexa network and redistribute them to stakers.
How to Buy Amp (AMP) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Amp (AMP). Binance TR, where accounts can be quickly created, allows the trading of over 100 cryptocurrencies, including AMP. To buy Amp (AMP) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be carried out before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to perform the verification process from your phone or through Binance TR’s official website. Note that you will also need your mobile phone for identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on “Copy URL” to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you best.
After selecting the document type, tap on “Upload Front Side” to continue. After taking a photo of the front side of the document according to the document type you selected, tap on “Upload Back Side” and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible once the camera opens.
After completing all these steps correctly and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts and perform transactions without interruption. Deposits from other banks can be made up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on “Deposit” from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy AMP Coin on Binance TR with TL?After the deposit process, you can proceed to the step of buying AMP coin with TL by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the page below will open. You can go to the AMP/TRY buying page by typing “AMP” in the search box on the right side of this page and clicking on the AMP/TRY option from the results.
Now the AMP buying page below will open. In this page, you need to enter the price at which you want to buy AMP in the first box marked with a red box and the number of AMP you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy AMP” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Amp Coin is an Ethereum $1,623 token that aims to secure payments on the Flexa network by making them instant and safe. If a BTC or ETH payment fails due to being unconfirmed or taking too long to process, AMP provides collateral to cover potential losses, ensuring both parties are protected while the vendor receives payment in fiat currency.
What is Amp (AMP)?Amp (AMP) is described as a new digital collateral token that offers instant, verifiable assurances for any form of value transfer. By using AMP, a wide range of use cases involving assets are secured quickly and irreversibly. Amp provides a simple and versatile interface for verifiable collateralization through a system of collateral partitions and managers.
Collateral partitions support value transfer activities by securing balances that can be directly verified on the Ethereum blockchain, enabling any account, application, or transaction to be collateralized. When collateral partitions are set, collateral managers, which are smart contracts, can lock, release, or redirect the collateral as needed.
Amp supports a wide variety of collateralization use cases and introduces the concept of predefined partition strategies, which enable advanced functionalities like staking tokens without them ever leaving their original addresses.
Where Can You Buy AMP Coin?AMP Coin can be bought and sold securely on Binance, the world’s largest cryptocurrency exchange by trading volume. Amp Coin is traded on the Binance platform with AMP/BTC, AMP/BNB, AMP/USDT, and AMP/BUSD pairs.
To buy AMP, you first need to register on the Binance exchange. After completing the registration, you need to transfer either cryptocurrency or fiat currency into your Binance wallet. Once the transfer is completed, you can purchase AMP Coin from any of the four pairs mentioned above. To buy from the AMP/USDT pair, first navigate to the interface of this pair. In the limit section, enter the desired amount to buy. After entering the amount, the purchase is executed by clicking on the Buy AMP order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Global investment firm Guggenheim Treasury Securities has issued the first Digital Commercial Paper (DCP) on Ethereum, as the tokenization of financial instruments on blockchains gains traction among traditional finance giants.
Commercial paper is a kind of short-term debt security that corporations sell to raise funds. It differs from other debt instruments such as bonds and loans because it is unsecured and not backed by collateral.
Amp.Fi Digital, a blockchain platform designed to issue, trade and provide governance of digital assets, issued $20 million in tokenized commercial paper for Guggenheim on Ethereum, developer Zeconomy said Thursday.
The rollout of yet another tokenized real-world asset follows U.S. federal regulators’ approval of spot Bitcoin ETFs earlier this year, a watershed event that has fueled traditional finance titans’ appetites for blockchain-based digital assets, according to Zeconomy.
Moody’s Investor Service gave Guggenheim’s issuance a rating of P-1, its highest credit rating.
“As clearly demonstrated by the ETFs approval and the growth of the tokenization space, there is a massive demand for these digital assets, and we want to enable our partners so they can be at the forefront of what could be a transformative moment in the financial industry,” Zeconomy CEO Giacinto Cosenza said Thursday in a statement.
The rolling out of DCP on Ethereum marks the latest example of real-world asset tokenization on blockchains—a growing trend. Tokenized government securities such as U.S. Treasury Bills have hit more than $2 billion in market capitalization as institutional interest in the digital asset class accelerates, data from RWA.xyz shows.
In recent months, tokenized Treasury funds’ market capitalization have ballooned. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), launched in March, holds $513 million in assets—up more than 100% since its debut, data shows.
Meanwhile, Franklin Templeton’s OnChain U.S. Government Money Fund's market capitalization (FOBXX) has soared to more than $420 million since its launch in 2021, according to the investment management firm's data.
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Global investment bank TD Cowen has predicted a slowdown in the advancement of cryptocurrency legislation, even as presidential candidates Donald Trump and Kamala Harris try to court supporters of the asset class through their election campaigns.
What Happened: In a note released on Monday, TD Cowen stated that definitive legislation is unlikely to progress before the end of 2024, according to a report by The Block.
The prediction comes at a time when lawmakers are on a break until the post-election period, leaving a limited window for the passage of bills during the lame-duck session.
Jaret Seiberg from TD Cowen’s Washington Research Group expressed doubts about significant action during this session due to the limited timeframe and the need to pass other crucial legislation, including the National Defense Authorization Act (NDAA).
See Also: Edward Snowden Cautions Crypto Industry Not To Dilute Principles: ‘We Should Defy Bureaucracy’
Seiberg, however, suggested that a stablecoin bill, which has been under development since 2022 by House Financial Services Committee Chair Patrick McHenry (R-N.C.), and top Democrat of the committee, Rep. Maxine Waters (D-Calif.), could potentially pass under a “best case scenario”.
Why It Matters: Senate Majority Leader Chuck Schumer (D) underlined the significance of “sensible and long-lasting” regulation for the cryptocurrency industry earlier in August, vowing to get “something passed out of the Senate and into law” by the end of the year.
Earlier this year, the FIT21 legislation passed the House in a wave of bipartisan support, marking a pivotal step toward establishing a clear regulatory framework for digital assets in the U.S. Since then, the bill has stalled in the Senate.
As for the stablecoin bill, Walters stated last week the need to strike a “grand bargain” before the end of this year.
Price Action: At the time of writing, Bitcoin was exchanging hands at $63,275.79, down 1.52% in the last 24 hours, according to data from Benzinga Pro.
Photo by Igor Faun on Shutterstock
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Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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XRP (CRYPTO: XRP) became the best-performing large-cap cryptocurrency Monday following the launch of Ripple Labs' USD-backed stablecoin RLUSD.
What happened: The payments-focused cryptocurrency rose 3.51% in the last 24 hours, outpacing the returns of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
With the latest push, XRP's monthly gains zoomed to 138%, the biggest among cryptocurrencies in the top 10 by market capitalization.
The rally was likely powered by significant buying interest from whale investors. Noted cryptocurrency analyst Ali Martinez highlighted that whales purchased over 830 million XRP, worth over $2 billion at prevailing market prices.
See Also: If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here’s How Much You’d Have Today
The readings of moving averages supported the coin’s bullish potential. XRP's price was greater than nearly all of its exponential moving averages and simple moving averages, indicating that investors’ current expectations are higher than their average expectations over the past period.
However, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages, flashed a ‘Sell' signal.
The Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, was ‘Neutral" as of this writing.
Moreover. XRP's Open Interest, a measure of its speculative interest, rose 5.26% in the last 24 hours and nearly 450% since Nov. 5, the presidential election day, data from Coinglass revealed.
About 75% of all Binance traders with an open interest were positioned long on the asset, signaling the expectation of further upsides.
Why It Matters: Optimism around XRP was tied to several factors, with the most notable being the launch of RLUSD from Ripple, a payments company that uses XRP for its operations.
Ripple President Monica Long said Monday that the release marked a new chapter for the XRP Ledger, the blockchain technology powering Ripple's operations.
Ripple planned to position RLUSD for a range of financial applications, including instant cross-border settlements, Treasury operations, and integration with decentralized finance protocols.
Furthermore, with SEC Chair Gary Gensler’s tenure coming to an end and being succeeded by cryptocurrency-friendly Paul Atkins, investors feel more confident about XRP.
Ripple has been locked in a nearly four-year-long legal battle with the SEC over the status of XRP, and any change in the agency’s top leadership is viewed with optimism.
Price Action: At the time of writing, XRP was exchanging hands at $2.49, up 3.65% in the last 24 hours, according to data from Benzinga Pro.
Read Next:
‘Most Crypto-Foward’ RIA Slams Bitcoin Forecasts From Michael Saylor, Others: ‘Disvalues It To Me’ Market News and Data brought to you by Benzinga APIs
Amp is currently in an uptrend after bouncing from its multi-month support. Investors are keen to see how far this rise can sustain itself and move higher in the coming weeks. Let’s find that out in detail in this Amp price prediction.
Since its launch, Amp (AMP) has seen an all-time high of $0.1208, followed by a 96.5% drop in price. At the time of writing, it is now trading at $0.004201, which is around a 71% decrease from its price of $0.014463, which was recorded four months ago in December 2024.
AMP 1d chart | Source: crypto.news In this article, we’ll discuss AMP price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.
The digital collateral token known as Amp is said to provide immediate, verifiable guarantees for any type of asset transfer. Networks like Flexa can swiftly and permanently secure transactions for a broad range of asset-related use cases by utilizing Amp.
The project was started in 2020 with the goal of offering a transaction platform that is quick, easy, and safe. It promises to address several network issues, including price volatility, sluggish confirmation times, and widespread adoption.
Amp asserts that its system of collateral managers and collateral divisions provides a simple yet flexible interface for verified collateralization. Any account, application, or transaction can be collateralized using collateral partitions, which also hold balances that can be verified directly on the Ethereum blockchain.
Now let’s discuss AMP price prediction for this year and in the coming years as well.
Amp price prediction What can be a realistic projection for the AMP token? Let’s dive into the AMP price prediction for 2025 and 2030.
Amp coin price prediction: short-term outlook According to CoinCodex’s Amp price prediction for the near future, the token is projected to drop by -1.25% and reach $0.004379 by May 22, 2025.
As of Apr. 22nd, 2025, the overall sentiment of the AMP price outlook has turned slightly bullish, with 15 technical analysis indicators showing bullish signals, 11 indicating bearish trends, and 9 indicators showing neutral forecasts.
Amp price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the AMP token’s price could fluctuate between $0.00365 and $0.00898, and may likely hold a yearly average of $0.00874.
CoinCodex projects that the AMP token can trade in the price channel of $0.004379 and $0.004886 in 2025.
According to Changelly’s analysis of AMP’s recent price trends, the coin is projected to have a minimum price of $0.00365 and a maximum price of $0.00660 in 2025.
While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in AMP or any other cryptocurrency with the hopes of gaining on your investment in 2025.
Amp price prediction 2030 As per CoinCodex’s Amp crypto price prediction for 2030, AMP’s price could vary between $0.000271 and $0.004532.
DigitalCoinPrice expects that AMP’s price could climb to $0.0194 or $0.0224 by the end of 2030.
Changelly predicts that by 2030, the AMP token could range between $0.0195 and $0.0323.
Before trusting any source that is trying to predict the AMP price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the AMP token’s price can be highly volatile.
2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including AMP. A great way for AMP to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the AMP token.
Is Amp a good investment? Before investing in any cryptocurrency, including AMP, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the AMP token.
Will Amp go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.
While it is hard to determine how high the AMP token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.
It is also vital that you rely on financial experts and consult them for Amp price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low AMP can go.
Should I invest in Amp? Before investing in any cryptocurrency or trusting any Amp price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the AMP token.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The cryptocurrency market is taking a breather on Thursday after sustaining gains for almost two weeks, buoyed by heightened risk-on sentiment amid easing trade tensions between the United States (US) and China. While most top currencies are either stable or losing ground, Ethereum ecosystem tokens Amp (AMP) and Aethir (ATH) have defied the broad-based drawdown, stealing the spotlight among the top 200 cryptocurrencies, to post the highest gains in the last 24 hours.
On the other hand, Helium (HNT), which also posted gains in the last 24 hours but is partly erasing them on Thursday, faces growing upside risks after rejection below the seller congestion at around $4.38.
Amp’s uptrend is steady above $0.005Amp’s price edges higher on Thursday, increasing by more than 3% to trade at $0.0051. The digital collateral token, which offers instant, verifiable assurances for any value transfer, boasts over 16% growth in value in the last 24 hours, defying the pullback in the broader crypto market.
Amp’s price sits above key moving averages ranging from the 200-day Exponential Moving Average (EMA) at $0.0049, the 100-day EMA at $0.0045, to the 50-day EMA at $0.0042, signifying a strong bullish momentum and the token’s ability to sustain recovery in upcoming sessions.
A daily close above the 200-day EMA would encourage traders to keep their exposure to AMP, eyeing another leg up to $0.0065, a level tested last in January as support and in February as resistance.
Technical indicators support the bullish outlook, including the Moving Average Convergence Divergence (MACD), which currently sits above the center line, upholding a recently confirmed buy signal, and the overbought but uptrending Relative Strength Index (RSI) at 76.46.
AMP/USDT daily chart
Traders should brace for multiple scenarios despite AMP’s recent surge, as the RSI indicator’s overbought conditions signal a potential trend reversal. An increase in sell-side pressure due to potential profit-taking could halt momentum in the near term.
Tentative support levels lie at the 200-day EMA at $0.0049, the 100-day EMA at $0.0045 and the 50-day EMA at $0.0042.
Aethir’s bullish comeback is in progressEnterprise-grade Artificial Intelligence (AI)-focused token Aethir’s rally seems unstoppable despite the market-wide cool-off. ATH is up over 4% on the day and 16% in the last 24 hours to exchange hands at $0.052.
The rally follows a break above an extended descending trendline, which had capped Aethir’s upside price action since December. Subsequent gains above the 50-day EMA, the 100-day EMA and the 200-day EMA ascertained the uptrend’s strength.
The MACD indicator shows that bullish momentum is still strong as it lifts higher above the centre line, but a decisive break above Aethir’s (ATH) immediate resistance at $0.054 could trigger outsized gains in the coming days.
ATH/USDT daily chart
However, the RSI indicator overbought at 82.75, suggests that traders must be cautious. Overbought conditions are often a precursor to sudden sharp drawdowns, reflecting declining sentiment in the larger crypto market and potential selling for profit among traders.
Helium’s uptrend cracks below the 20-day EMAHelium, the decentralised Internet of Things (IoT) token, enabling devices to communicate and share data, has encountered a massive resistance cluster slightly below the 200-day EMA at $4.38, resulting in a sharp drop in price to $4.00. Despite the recent pullback, HNT remains one of the best-performing crypto assets in the last 24 hours with a 3% price increase.
Before the pullback, HNT was on the cusp of validating a double-bottom pattern, projecting a 48.5% move above the breakout point ($4.43) to $6.58. If declines overshadow the 100-day EMA support at $3.83, it would be difficult to immediately resume the uptrend, possibly culminating in larger than anticipated losses to $3.00, a support area tested frequently over the last three months.
HNT/USD daily chart
Based on the sideways movement of the MACD indicator above the mean line, consolidation could occur between the 100-day support at $3.83 and the 200-day EMA resistance at $4.38 ahead of the next breakout.
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Amp crypto price has crashed by over 40% from its highest point in May and by nearly 80% from its 2024 high.
Amp (AMP) token dropped to a low of $0.00293 this week, its lowest level since April. This retreat has brought its market cap to $286 million, down from its all-time high of $3.5 billion. Here are the top three reasons why the coin may rebound soon.
Amp crypto has formed a double-bottom pattern The first reason Amp may bounce back is that it has formed a double-bottom pattern on the daily chart. This pattern consists of two distinct lows and a neckline. In this case, the bottom section is at $0.0029, while the neckline is at $0.00578.
The profit target in a double-bottom is established by subtracting the lower side from the neckline. In this case, the calculation gives the pattern’s height as $0.00288. Adding this figure to the neckline gives a target of $0.0086, up 155% from the current level.
Amp price chart | Source: crypto.news Whales are buying Amp Another reason the Amp token may rebound is that whales are actively accumulating AMP. These large holders are increasing their token holdings, signaling expectations of a price recovery.
One reason for this accumulation is the belief that Amp is highly undervalued, as the MVRV ratio has plunged to -1.78. An MVRV ratio below 1 typically indicates that a token is trading at a discount.
The chart below shows that wallets holding between 100,000 and 1 million AMP have increased their holdings to 1.1 billion from the year-to-date low of 1.05 billion. Similarly, whales holding between 1 million and 10 million tokens now hold over 1.97 billion coins, while those with 10 million to 100 million now hold 10.7 billion.
Amp whale activity and MVRV | Source: Santiment Supply on exchanges is falling Meanwhile, there are signs that investors are not dumping AMP even as its price declines. Nansen data shows that exchange balances have dropped to 15.35 billion tokens, down 15% in the last 30 days and 20% in the last 90. There were nearly 20 billion AMP on exchanges in April.
AMP exchange balances | Source: Nansen Therefore, the strong technicals, combined with the falling supply on exchanges and increased whale accumulation, suggest that AMP may bounce back.
A New Chapter in Financial Data InfrastructureThe next phase of finance is onchain. Yet most of the world’s data infrastructure isn’t built for it.
Financial institutions and fintech are moving toward digital assets and blockchain systems, but adoption remains difficult. Traditional databases, designed decades ago for general-purpose use, can’t handle the complexity of blockchain networks. They’re slow, inflexible, and lack native support for verification, auditability, and interoperability.
To scale confidently in this new landscape, institutions need trust, auditability, and speed. Amp delivers all three.
Introducing Amp: The First Blockchain-Native DatabaseAmp, is the first blockchain-native database designed for scale. It transforms raw onchain data into verifiable intelligence that’s ready for analytics, auditability, and AI-driven innovation.
When using Amp, data is queryable with SQL, the most familiar data language. It's capable of unifying data across blockchains, offering a single access layer for institutions to analyze, audit, and act on blockchain activity in real time.
It’s fast (5.9× faster than BigQuery’s public datasets), efficient (2.3× better storage performance than full node databases), and designed for mission-critical environments, processing over 4 million events per second.
No latency. No manual ETL. Simply clean, onchain data.
Built for Scale and Real-World ImpactAmp is engineered for teams that need data they can trust.
Enterprise-grade security and trust: SOC 2–aligned architecture built with audit-ready lineage for verifiable trust.Flexible deployment options: Hosted on cloud, on-prem, or co-located environments.Full lineage: Every data point is provable and traceable.Unified APIs: REST, GraphQL, and SQL for streaming or batch workloads.Integrations: Seamless connection with Power BI, Snowflake, Datadog, Splunk, Grafana, and more.Local-first development: Build, test, and deploy faster.Supported environments: Hands-on support from Forward Deployment Engineers and technical teams.Why Amp Changes the GameFinancial systems demand precision. Amp delivers it.
Unified cross-chain visibility: Analyze activity across tokens, assets, and blockchains.Corridor analytics: Track performance and settlement flows across payment rails.Auditability: Structured, verifiable data for regulators and internal governance.Risk and treasury oversight: Transparent exposure tracking for digital and real-world assets.AI-ready foundation: Verified data powering agents, models, and automation systems.Amp replaces brittle pipelines and RPC endpoints with a verifiable, high-speed data foundation that scales as fast as blockchain itself. In benchmark tests, Amp outperformed traditional infrastructure by 100× in data freshness (1s vs. 101s) and over 4,300× in backfill performance, eliminating bottlenecks that slow innovation.
Designed for the Future of Regulated Digital AssetsAs markets evolve toward regulated digital assets, stablecoins, and tokenized real-world assets, Amp ensures institutions can operate with trust and auditability built in.
It’s future-proof, built for the agentic economy where AI agents, smart contracts, and applications all depend on verified onchain data. Amp provides the verifiable, high-performance foundation these systems require; bridging blockchain reliability and enterprise governance.
The Future of Blockchain DataAmp redefines trusted blockchain infrastructure with a focus on scalability and verifiable intelligence, bridging blockchain innovation and reliability.
The Graph made blockchain data usable; Amp makes it usable at enterprise scale. Financial institutions building on Amp with Edge & Node and The Graph are not just adapting, they will be defining the future.
Explore Amp
About The GraphThe Graph is a suite of blockchain data infrastructure products that extract, process, and deliver scalable blockchain data solutions across 60+ networks. The Graph enables application developers, data analysts, AI agents, and enterprise teams that need structured, real-time access to blockchain data. Products include Subgraphs, Firehose, Substreams, and Amp. As of early 2026, The Graph has served over 1.27 trillion queries to more than 75,000 projects, powered by a network of independent Indexers around the world.
Follow The Graph on X, LinkedIn, Instagram, and Reddit. Join the community on The Graph’s Telegram, join technical discussions on The Graph’s Discord.
A New Chapter in Financial Data InfrastructureThe next phase of finance is onchain. Yet most of the world’s data infrastructure isn’t built for it.
Financial institutions and fintech are moving toward digital assets and blockchain systems, but adoption remains difficult. Traditional databases, designed decades ago for general-purpose use, can’t handle the complexity of blockchain networks. They’re slow, inflexible, and lack native support for verification, auditability, and interoperability.
To scale confidently in this new landscape, institutions need trust, auditability, and speed. Amp delivers all three.
Introducing Amp: The First Blockchain-Native DatabaseAmp, is the first blockchain-native database designed for scale. It transforms raw onchain data into verifiable intelligence that’s ready for analytics, auditability, and AI-driven innovation.
When using Amp, data is queryable with SQL, the most familiar data language. It's capable of unifying data across blockchains, offering a single access layer for institutions to analyze, audit, and act on blockchain activity in real time.
It’s fast (5.9× faster than BigQuery’s public datasets), efficient (2.3× better storage performance than full node databases), and designed for mission-critical environments, processing over 4 million events per second.
No latency. No manual ETL. Simply clean, onchain data.
Built for Scale and Real-World ImpactAmp is engineered for teams that need data they can trust.
Enterprise-grade security and trust: SOC 2–aligned architecture built with audit-ready lineage for verifiable trust.Flexible deployment options: Hosted on cloud, on-prem, or co-located environments.Full lineage: Every data point is provable and traceable.Unified APIs: REST, GraphQL, and SQL for streaming or batch workloads.Integrations: Seamless connection with Power BI, Snowflake, Datadog, Splunk, Grafana, and more.Local-first development: Build, test, and deploy faster.Supported environments: Hands-on support from Forward Deployment Engineers and technical teams.Why Amp Changes the GameFinancial systems demand precision. Amp delivers it.
Unified cross-chain visibility: Analyze activity across tokens, assets, and blockchains.Corridor analytics: Track performance and settlement flows across payment rails.Auditability: Structured, verifiable data for regulators and internal governance.Risk and treasury oversight: Transparent exposure tracking for digital and real-world assets.AI-ready foundation: Verified data powering agents, models, and automation systems.Amp replaces brittle pipelines and RPC endpoints with a verifiable, high-speed data foundation that scales as fast as blockchain itself. In benchmark tests, Amp outperformed traditional infrastructure by 100× in data freshness (1s vs. 101s) and over 4,300× in backfill performance, eliminating bottlenecks that slow innovation.
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About The GraphThe Graph is a suite of blockchain data infrastructure products that extract, process, and deliver scalable blockchain data solutions across 60+ networks. The Graph enables application developers, data analysts, AI agents, and enterprise teams that need structured, real-time access to blockchain data. Products include Subgraphs, Firehose, Substreams, and Amp. As of early 2026, The Graph has served over 1.27 trillion queries to more than 75,000 projects, powered by a network of independent Indexers around the world.
Follow The Graph on X, LinkedIn, Instagram, and Reddit. Join the community on The Graph’s Telegram, join technical discussions on The Graph’s Discord.
BlackRock’s stance remains constructive: adoption curves, liquidity depth, and regulated rails underscore a long-term bet on Bitcoin, despite sluggish price movements. Institutional flows remain sticky, with IBIT’s rapid AUM ascent reinforcing the ‘allocators aren’t leaving’ narrative during macro turbulence. In sideways majors, capital is watching utility-first plays where tokens power real-world activity (content, payments, or AI), and not just emissions. SUBBD Token is a project that tokenizes content in the first AI agent creator platform that uses blockchain technology. The presale has currently raised over $1.3M. Bitcoin’s cooled off after ripping to six figures, and macro noise from Washington’s prolonged shutdown hasn’t helped risk appetite.
Yet the world’s largest asset manager (BlackRock) isn’t blinking. Instead, it frames Bitcoin as a long-duration, structural bet anchored by network adoption, deeper liquidity, and the slow erosion of legacy money systems.
That’s not the tone you hear during a flash dump, but the pitch you use when you’re allocating for years to come, not weeks.
And flows back it up. BlackRock’s iShares Bitcoin Trust (IBIT) became the fastest U.S. ETF to surpass roughly $80B in assets and has since solidified its position at the top of the spot $BTC ETF stack.
Translation: despite choppier price action, institutions are still dollar-cost-averaging Bitcoin via regulated rails. And with the U.S. shutdown now trudging toward a resolution, the policy overhang looks more like a speed bump than a trend shift.
And over a week ago, BlackRock’s IBIT surpassed Coinbase’s Deribit platform and became the largest Bitcoin options venue in the world.
For traders watching risk rotations, that matters. When majors grind sideways but the strategic case remains intact, capital looks at early-stage projects with promising utility.
We’re talking about a bid on the best altcoins, and that’s where SUBBD Token ($SUBBD) is trying to earn attention: a content-and-AI play that leans into content tokenization and the creator commerce industry, with fan engagement mechanics.
SUBBD Token ($SUBBD): AI-Powered Creator Monetization & Access SUBBD Token ($SUBBD) isn’t just another presale pitch; it’s a creator toolkit built to do real work. The platform integrates AI assistants, voice cloning, and automated livestreaming into a single workflow, allowing you to script, produce, and publish with fewer tabs and fewer late nights.
Fans receive clean, token-gated access to premium drops and livestreams, while you set flexible pricing, bundles, and perks that align with how your audience engages.
On-platform mechanics keep the loop tight. Discounts on subscriptions, tipping, and pay-per-view unlocks let you experiment with revenue without rebuilding your stack.
Engagement feeds XP multipliers slot into raffles and simple games, turning passive viewers into committed members. You spend less time juggling calendars and more time shipping content: the AI helpers handle repetitive admin, so a larger share of each subscriber dollar lands where it should.
The payoff is practical: faster production cycles, smoother paywalls, and stickier communities that come back for access, not hype. In a market tired of promises, a platform that saves time and deepens fan relationships is the utility that travels in any cycle.
Plus, there’s a lot to look forward to, like strategic partnerships for marketing, enhanced AI image generation, the HoneyHive, and the release of the Creators mobile app.
In a market that’s increasingly allergic to vapor, this is the kind of utility-first framing that can still resonate even when $BTC cools off.
Visit the $SUBBD presale page to join.
Presale Is Burning Red-Hot with $1.3M Raised & 20% Fixed APY Presales live or die on incentives and clarity. In $SUBBD’s case, transparency is evident – over $1.3M has been raised so far, with the current stage pricing at $0.0569.
Staking is another hook: tokens staked during the sale earn a fixed 20% APY for the first year per the whitepaper, shifting to platform-benefit staking thereafter. That’s high, but as always, view it as an early-stage incentive to bootstrap participation rather than a permanent yield regime.
To join the presale, follow our $SUBBD buying guide. The presale accepts $USDT, $BNB, $ETH, $USDC, and fiat via a debit card.
If BlackRock’s steady-hand view maintains a constructive backdrop while $BTC fluctuates, presales with immediate product hooks, such as $SUBBD, have a cleaner path to narrative alignment.
➡️ Grab your $SUBBD now.
This article is informational only, not financial advice. Presales are high-risk; tokens may be illiquid and their values are volatile. Do your own research.
Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/blackrock-bullish-bitcoin-best-altcoins-like-subbd-token-soar/
PANews reported on April 3 that, according to the latest data from SolanaFloor, the impact of the Drift protocol vulnerability continues to expand. The number of affected protocols has increased from 11 yesterday to 20, with nine new protocols added: PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent.
Regarding specific losses: Prime Numbers Fi is estimated to have lost over $10 million, Gauntlet approximately $6.4 million, Neutral Trade approximately $3.67 million, Elemental DeFi approximately $2.9 million, Reflect Money approximately $1.95 million, Vectis approximately $1.69 million, Ranger Finance approximately $919,000, Pyra approximately $551,000, and PiggyBank confirmed a loss of $106,000, which was fully reimbursed by the team.
Each agreement has taken corresponding measures: most have suspended minting, redemption, deposits and withdrawals, or related vault functions; Prime Numbers Fi is still under evaluation and has not yet announced any action; Vectis has not yet responded but Ranger Finance has confirmed its risk exposure. Gauntlet has limited further supply and is coordinating with Drift. Data estimated by Chaos Labs provides a reference for this loss assessment.
April 3 – SolanaFloor has released updated data showing the Drift protocol attack’s impact continues to expand, with the number of affected protocols rising to 20. Nine new protocols are now included: PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent. Losses per affected protocol are as follows: - Prime Numbers Fi: Estimated over $10 million - Gauntlet: Approximately $6.4 million - Neutral Trade: Approximately $3.67 million - Elemental DeFi: Approximately $2.9 million - Reflect Money: Approximately $1.95 million - Vectis: Approximately $1.69 million - Ranger Finance: Approximately $919,000 - Pyra: Approximately $551,000 - PiggyBank: Confirmed $106,000 loss (fully compensated by its team)
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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.
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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.
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Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
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A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
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JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
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Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
Musicow Partners with Injective to Bring Music IP OnchainToday, Musicow announced a strategic partnership with Injective to take music intellectual property rights onchain for fans and investors worldwide.
Musicow is the pioneer of fan-driven music ownership and the leading Music Equity Service Provider in South Korea. Injective is the first layer 1 blockchain purpose-built for finance, with a native real-world asset module that has anchored tokenized equities, FX, commodities, and institutional stablecoins since 2024. Together, the two companies are building the tokenization infrastructure to take fractional music IP participation past one country and into a global market that has been waiting for a credible onchain venue.
Wall Street already bought in. Fans didn’t get to until now.Music is one of the largest cultural asset classes in the world. Global recorded music revenue closed 2025 at $31.7 billion, up 6.4% year-over-year, the eleventh straight year of growth. The total value of music copyright, combining recorded and publishing rights, reached $47.2 billion in 2024 and has nearly doubled in a decade. Goldman Sachs projects the total music market will roughly double again to around $200 billion by 2035. For context, the entire real-world asset market onchain today sits at roughly $32 billion, and music IP is functionally absent from it. That gap is where this partnership sits.
The forward curve is steeper than the spot. Goldman Sachs forecasts recorded music alone growing from $29.6 billion in 2024 to $43.4 billion by 2030 and $55.0 billion by 2035. Adding publishing and live, the total music industry is projected to reach roughly $200 billion within the next decade. The near-doubling of music copyright value in a decade, to $47.2 billion in 2024, is the cleanest available proxy for what the underlying rights are worth as an asset class. Music IP throws off yield, scales globally, and moves independently of most traditional asset classes.
Institutional capital has spent the last five years acquiring music IP at unprecedented scale. Sony Music’s reported $1.27 billion acquisition of the Queen catalog in 2024 is the largest single-artist music deal ever publicly reported. Sony also closed Pink Floyd’s recorded and name-and-likeness rights for roughly $400 million the same year. Justin Bieber’s pre-2022 catalog sold to Hipgnosis Songs Capital for more than $200 million in 2023.
The institutional verdict is in. The retail and global investor base is the side that has been locked out, and this is exactly what Injective will work to fix.
Tokenization infrastructure is here on Injective. Music IP was missing.Real-world asset tokenization stopped being a pitch deck in 2025 and started landing on balance sheets. Total RWA value onchain, excluding stablecoins, surged past $26 billion in early 2026, roughly a 4x year-over-year increase. Live tracker data places the figure closer to $32 billion today. BlackRock’s BUIDL fund crossed roughly $2.5 billion in assets under management. Franklin Templeton’s FOBXX tokenized money market fund crossed $1.98 billion. Tokenized U.S. Treasury products as a category surpassed $5 billion in 2025. Tokenized private credit reached roughly $18 billion in early 2026.
Cultural and IP assets, including music, are essentially absent from this picture. RWA.xyz does not break music IP out as a tracked category. No music IP tokenization deal at a meaningful scale has been publicly recorded on a major chain. That is what makes the next move structurally significant. The first chain to anchor a credible, regulated music IP standard sits at a different tier from every chain that does not.
Musicow already runs the playbookMusicow built the original retail market for fractional music rights and has run it at national scale for the better part of a decade. The Korean platform, live since 2017, has reached roughly 1.2 million cumulative members and processed about KRW 420 billion (around $293 million) in transaction volume across roughly 20,000 music IP rights. The platform showed what fractional music ownership looks like when fans are treated as stakeholders, not as a marketing audience.
Musicow US, the company’s American arm, launched in early 2025 with backing from Roc Nation and was structured from day one as a regulated Music Equity Service Provider. Musicow has built fan-facing infrastructure for music rights revenue participation, a compliance posture, and the artist relationships to source premium catalogs. The Injective partnership adds the global settlement layer, the rails that let international fans and investors access music IP offerings the same way they access any other digital financial product.
Why Injective was chosen for this tokenization projectInjective was the first blockchain to ship a native real-world asset module at the network level, integrated in January 2024. The architectural choice was deliberate. RWA issuance, permissioning, and lifecycle management live in the protocol itself rather than in an application stack on top of it. Sub-second block times, an onchain orderbook, native IBC, Ethereum, and Solana connectivity, and the November 2025 MultiVM EVM mainnet launch mean assets issued on Injective can move and settle across the largest ecosystems in crypto without fragmenting liquidity.
The institutional footprint is the other half of the answer. Injective has already brought tokenized equities, pre-IPO stocks, and stablecoins onchain at meaningful scale. iAssets include programmable trackers for Nvidia, Apple, Microsoft, Amazon, Google, Meta, Netflix, Coinbase, MicroStrategy, Robinhood, McDonald’s, and a TradFi Index. The pre-IPO stock launch with Republic generated roughly $1 billion in trading volume within 30 days of going live in August of 2025 alone. USD-denominated stablecoin volume across the ecosystem has crossed $40 billion since launch.
The regulated derivatives stack now sits on top. CFTC-regulated INJ futures began trading on Bitnomial Exchange in April 2026, making INJ one of a small set of digital assets with U.S. regulated derivatives infrastructure. Canary Capital has an active staked-INJ ETF filing with the SEC. Google Cloud and Binance’s YZI Labs operate validators on the network and sit on the Injective Council. Payments-grade performance, MultiVM execution, regulated derivatives, an institutional stablecoin footprint, and a native RWA module are why a partner like Musicow chose Injective over any other chain.
The catalog drops are comingMusicow has signaled that several major music launches and expanded entertainment initiatives are next, with this partnership as the first step toward operating as a truly global platform for music rights participation. The catalogs to come are expected to include globally recognized artists and franchise-level music IP. In aggregate, the pipeline stands to become one of the largest tokenization efforts in history and the largest cultural-IP tokenization effort ever brought onchain.
The strategic shape of the partnership matters as much as the scale. Musicow has the regulated framework for fractional music ownership and the artist relationships to source premium catalogs. Injective has the highest-performance financial infrastructure in crypto and the institutional posture that catalog owners require. Together, the two companies are positioning music IP to take its place alongside treasuries, equities, and private credit as a recognized onchain asset class.
More details on the rollout, the artists involved, and the structure of the offerings will be published in the coming months. Stay tuned.
About MusicowMusicow stands as the unrivaled pioneer in the realm of artist-to-fan music asset ownership on a global scale. As the foremost Music Equity Service Provider™ in South Korea, our primary objective is to extend the same exceptional experience to the world. Since its establishment in 2017, Musicow has been dedicated to constructing a superior music ecosystem, forging an extraordinary bond between fans and their beloved artists.
About InjectiveInjective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
After holding the $4.5 support level, Injective showed strong bullish momentum. The altcoin rebounded to $5.4 before slightly retracing.
As of this writing, Injective [INJ] traded at $5.01, up 8% on the daily charts. Over the same period, the altcoin’s trading volume climbed 113% to $169 million, indicating strong market activity.
Injective rebounds on increased speculation Injective [INJ] mostly rebounded, largely driven by increased speculative demand. According to CoinGlass data, the altcoin’s Open Interest [OI] rose 17% to $103 million while the Derivatives Volume jumped 168% to $468 million.
Typically, when OI and volume rise together, it indicates increased participation with traders opening new positions. These positions could either be shorts or longs.
Meanwhile, the Long/Short Ratio rose above 1 across Binance and OKX, with the Binance Top Traders ratio reaching 1.6. This suggests that traders on these exchanges mostly took long positions.
However, the overall ratio remains extremely low, at around 0.6, suggesting that, apart from OKX and Binance, traders elsewhere are shorting the market.
The market still faces intense bearish pressure Although speculative activity returned to the market, sellers have remained extremely active across the spot and futures markets.
Source: CoinGlass On the Futures side, outflows have dominated the market for seven consecutive days. On the 19th of May, Futures Outflow rose to $124.9 million while inflows dropped to $121.4 million.
As a result, Futures Netflow dropped to -$3.4 million, a clear sign of aggressive selling activity. On the Spot side, sellers rushed to cash out after INJ rebounded.
CoinGlass data showed that Spot Netflow rose to $903k, further confirming intense profit-taking activity. With sellers dominating both sides, this suggests a lack of long-term conviction among market participants.
Source: CoinGlass Often, such stretched selling pressure has preceded a weakened market structure, leading to lower prices.
What momentum indicators suggest Injective momentum remains strong despite increased profit-taking. The altcoin’s ADX of the Directional Movement Index (DMI) rose to 57, while the positive index sits at 45.
ADX above 50 indicates a very strong trend, and with the positive Index above the negative Index, it suggests a strong upside.
Additionally, the RSI EMA Dispersation indicator showed RSI at 69 and the signal line at 66. With Upper BB well above these levels, it suggests the trend remains bullish.
Source: TradingView However, the market direction is starting to cool off after an extended expansion. These momentum indicators signal two things: sideways movement or a smaller pullback.
Therefore, if the profit taking persists, Injective is likely to drop to $4.5 again. However, with capital still flowing into futures, if demand holds, INJ will hold $5 and target a flip of the $5.5 resistance.
In doing so, the altcoin will be strong enough to eye $6.
Final Summary INJ successfully held $4.5 support, then rebounded to $5.4 before retracing to $5. Injective rebounded, largely driven by increased speculation, but the threat of sellers remains strong, posing the risk of another slip.
Real-world assets living on blockchains just crossed a milestone that would have sounded absurd two years ago. The tokenized RWA market hit approximately $33.78 billion in May, according to data highlighted by Injective Labs.
For context, this same market was sitting below $1 billion in early 2023. That’s roughly a 34x expansion in under 18 months, the kind of growth rate that makes even seasoned crypto observers do a double-take.
What’s driving the surge The biggest engine behind this explosion is tokenized US Treasuries and cash equivalents. In a world where yield-hungry investors are constantly searching for safer returns, putting government debt on-chain turns out to be a compelling proposition.
Think of it like this: instead of going through layers of brokers and custodians to hold Treasury bills, investors can access the same exposure through blockchain-based tokens that settle in minutes rather than days. The appeal is obvious. Lower friction, faster settlement, and 24/7 accessibility.
The numbers extend beyond just static asset values. On-chain perpetual futures markets recorded over $500 billion in trading volume during Q1 2024 alone. Perpetual futures, for the uninitiated, are derivatives contracts that let traders bet on asset prices without expiration dates. They’re the bread and butter of crypto trading, and their volume is now substantial enough to rival some segments of traditional finance.
Key players in the RWA tokenization space include Ondo Finance, Franklin Templeton, MakerDAO, and Maple Finance. Each occupies a slightly different niche, from tokenized money market funds to on-chain lending backed by real-world collateral.
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Wall Street is paying attention Here’s the thing about this particular crypto trend: it’s not just native crypto projects building it. Major institutional players like BlackRock and JPMorgan are actively participating in RWA tokenization efforts.
When the world’s largest asset manager starts putting funds on-chain, the “crypto is a toy” narrative gets harder to maintain. BlackRock’s foray into tokenized funds has been one of the most closely watched developments in the space, signaling that traditional finance sees blockchain rails as more than experimental.
JPMorgan, for its part, has been exploring tokenization through its Onyx platform for several years. The bank’s involvement lends credibility to the thesis that blockchain infrastructure can handle institutional-grade financial products.
This convergence between traditional finance and decentralized ecosystems is arguably the most significant structural shift happening in crypto right now. It’s not about replacing Wall Street. It’s about rebuilding its plumbing.
Injective positions itself squarely at this intersection. The Layer-1 blockchain is specifically designed for financial applications, with a focus on integrating tokenized RWAs within its derivatives ecosystem. The protocol’s architecture is built to support the kind of complex financial instruments that institutional participants expect, including order book-based trading and cross-chain interoperability.
What this means for investors The growth trajectory from under $1 billion to $33.7 billion creates a natural question: how much room is left? Global fixed-income markets alone represent over a hundred trillion dollars in value. Even tokenizing a small fraction of that would dwarf current figures.
But scale isn’t guaranteed. Regulatory clarity remains the single biggest variable. Tokenized securities exist in a gray zone in many jurisdictions, and how regulators ultimately classify and oversee these instruments will determine whether the current growth continues or hits a ceiling.
The competitive landscape is also worth watching closely. With institutions like BlackRock and Franklin Templeton entering the space alongside crypto-native protocols like Ondo Finance and Injective, the fight for market share is intensifying. Protocols that can offer the deepest liquidity, the most robust compliance frameworks, and the smoothest user experience will likely capture outsized value.
For crypto investors specifically, the RWA trend represents something unusual: a use case that traditional finance actually wants. Most crypto narratives require convincing the outside world that something new is valuable. RWA tokenization flips that script. It takes something the world already values, government bonds, real estate, private credit, and makes it more accessible through blockchain infrastructure.
The risk, as always, lies in execution. Smart contract vulnerabilities, oracle failures, and liquidity fragmentation across chains remain real concerns. The $500 billion in quarterly perpetual futures volume shows that on-chain markets can handle serious throughput, but scaling tokenized real-world assets introduces additional complexity around legal enforceability and custodial arrangements that purely digital assets don’t face.
One metric to track going forward: the ratio of institutional versus retail participation in tokenized RWA products. If institutions continue accelerating their involvement at the current pace, this market could look very different by year’s end.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto projects typically spend their energy shipping code and chasing liquidity. Injective is now adding a third priority: lobbying Washington.
The Injective Policy Institute, or IPI, officially launched on May 21 as a dedicated policy and research organization designed to engage directly with US regulators and lawmakers. Its mission is straightforward, if ambitious: build clear regulatory frameworks for onchain finance and position America as the global leader in digital asset innovation.
What the IPI actually does The institute’s scope covers four of the most consequential regulatory battlegrounds in crypto right now: decentralized finance, onchain derivatives, stablecoins, and tokenization.
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John Medel, who serves as Head of Public Policy at Injective, is leading the effort. Medel has already been active in federal policy discussions, including dialogues surrounding the Clarity Act of 2025.
The IPI isn’t starting from scratch, either. Injective’s previous policy engagement included a submission on July 1, 2025, addressing how DeFi protocols should be treated under the Exchange Act.
The institute has laid out four core principles guiding its work: clarity over ambiguity, access over exclusion, sovereignty over intermediation, and American leadership in digital finance.
Going forward, the IPI plans to host technical briefings and produce in-depth policy analyses aimed at lawmakers and regulators.
Why this matters right now For a Layer 1 blockchain like Injective, which is rooted in the United States and focused on financial applications, the stakes are existential. The wrong regulatory framework could make core products illegal. The right one could unlock a wave of institutional adoption.
What this means for investors Look, the crypto industry has a long history of promising regulatory engagement and delivering very little. The difference here is that Injective has a paper trail. The July 2025 DeFi submission under the Exchange Act shows that the project was already doing this work before formalizing it into an institute.
For the broader market, the IPI’s focus areas, particularly stablecoins and tokenization, are the two sectors most likely to see major regulatory action in the near term.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
On May 24, multiple key crypto institutions are based at the 1155 F Street building in Washington, D.C. Notable tenants include Coinbase, DCG, the Blockchain Association, and Injective on the third floor, while the 10th floor houses the Solana Policy Research Institute, Hyperliquid Policy Center, and the DeFi Education Fund. Additionally, venture capital giant Paradigm is also moving into the facility. According to reports, the building has seen visits from White House officials, Capitol Hill staffers, state lawmakers, and congressional candidates seeking crypto policy support. All in all, 1155 F Street has emerged as the de facto "lobbying command center" for the U.S. cryptocurrency industry.
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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.
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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.
4 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
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A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
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JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
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Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
Tokenized equities just posted $3.57 billion in daily trading volume, a record for a sector that barely existed two years ago. Injective, the Layer 1 blockchain built specifically for financial applications, sits at the center of that surge.
To put that number in perspective, the global equities market is worth roughly $134 trillion. Tokenized versions remain a rounding error in that context.
How Injective built the rails Injective’s approach to tokenized equities revolves around its iAssets framework, which creates synthetic trackers for major companies. Think Nvidia, Apple, Microsoft, and Amazon, all tradable as perpetual futures on the Helix decentralized exchange.
These aren’t actual shares of stock. You’re trading a price-tracking instrument that references the real equity price via oracles, without any physical settlement of underlying shares. It’s permissionless, meaning anyone with a wallet can access what used to require a brokerage account and a social security number.
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The leverage options go up to 25x. By the first half of 2025, Injective had already crossed $1 billion in cumulative trading volume for tokenized stock perpetuals. The platform’s native RWA module launched back in January 2024, giving it a meaningful head start in building the infrastructure that’s now handling billions in daily flow.
The Republic partnership and pre-IPO plays One of Injective’s more notable moves has been its collaboration with Republic to tokenize pre-IPO equity exposure. That partnership launched in August 2025 and generated approximately $1 billion in trading volume within its first 30 days.
On May 14, 2026, the platform announced a partnership with Musicow to tokenize music intellectual property rights, signaling that the team views its RWA infrastructure as a general-purpose engine, not just a stock-trading tool.
Regulatory tailwinds are real CFTC-regulated futures for Injective’s native INJ token began trading on Bitnomial in April 2026, a milestone that signals the platform’s willingness to play within traditional compliance frameworks.
Broader regulatory momentum is also helping. Nasdaq has recently received approvals for tokenized trading initiatives, and ongoing SEC discussions are establishing compliance pathways for real-world assets onchain.
What this means for investors The $3.57 billion daily volume figure is impressive, but the investment thesis here isn’t really about one day’s trading. Tokenized equities solve a genuine problem. Global stock markets operate on different schedules, require intermediaries for settlement, and restrict access based on geography and accreditation status. Onchain synthetics eliminate all three friction points simultaneously.
The risk, naturally, is that regulators decide synthetic equity trackers need to be treated like actual securities. If that happens, the permissionless nature of platforms like Helix would need significant modification. The SEC conversations happening right now will determine whether the current model survives or evolves into something more constrained.
There’s also counterparty risk embedded in oracle-based pricing. If the price feed for an Nvidia synthetic deviates significantly from the actual Nvidia stock price, traders on the wrong side of that gap eat the loss. Oracle failures are rare but not theoretical, and at 25x leverage, even small deviations get amplified quickly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective made a strong comeback from a $5.2 slip. The altcoin successfully flipped $6 and jumped to $6.3, levels not seen since November 2025.
As of this writing, Injective traded at $6.1, up 14.4% on the daily charts. Over the same period, its market cap rose 12% to $628 million, a clear sign of steady capital inflow.
With the price pump, INJ made a clean jump above its short-term moving averages, the 21-day MA reflecting the upside strength.
What’s driving Injective’s price pump? Injective [INJ] most likely pumped largely driven by increased speculative demand and short covering.
As the market suddenly reversed, over $441k worth of short positions were liquidated. The increase in short liquidations prompted some market players to cover their positions, while others opened new ones.
According to CoinGlass data, the altcoin’s Open Interest climbed 32.3% to $151 million, while Derivatives Volume rose 11% to $337 million.
Source: Coinglass With OI and volume rising in tandem, it showed increased market participation and capital inflows into derivatives. This indicated that new positions, both short and long, were opened.
Meanwhile, the Long/Short Ratio rose to 1.8, where longs accounted for 64.8% of the total positions compared to 35% shorts. With longs dominating, it suggested that market participants were mostly bullish and chose to chase the rally.
Source: Coinalyze As a result, the capital flowing into these positions strengthened the upward momentum, leading to more gains.
Profit taking reaches a record high As expected, with Injective hitting a 6-month high, investors who have been underwater rushed into the market and cashed out.
As a result, the Spot Netflow turned positive after dropping into the negative zone the previous day. At press time, Netflow was $3.2 million, hitting levels not seen since August 2025, a massive jump from -$1.28 million recorded earlier.
Source: Coinglass A positive Netflow indicated that more INJ flowed into exchanges than out of them. Thus, sellers dominated the spot market.
Historically, increased supply on exchanges has reduced scarcity, thus weakening the market structure. Often, such a setup has preceded market pullbacks.
Can the upside momentum hold? Injective saw increased demand as market participants turned bullish, especially in derivatives. As a result, the upside momentum strengthened.
In fact, the altcoins’ Relative Strength Index (RSI) made a bullish crossover and jumped to 73, while the signal dropped to 66.
Source: Tradingview At these levels, RSI indicated that buyers have strong control of the market, but with the signal line at 66, the margin is minimal. In essence, while buyers still control, their dominance is not a strong warning of market pressure risks.
Therefore, if demand holds and pushes RSI above 80, Injective could make further gains and flip $7. However, if buyers fail to hold pressure from profit takers, the market correction will follow, with $5.4 as immediate support.
Final Summary INJ rallied 14%, successfully flipped $6, and reached a 6-month high of $6.3. Injective rallied, mainly driven by renewed speculative demand, but profit-taking risks led to another drop towards $5.4.
Injective has put its next major network overhaul up for a vote. The Vulcan mainnet upgrade proposal is now live on-chain, giving INJ stakers and validators the chance to weigh in on a package of technical improvements designed to make the blockchain faster, leaner, and more attractive for decentralized trading.
The upgrade is targeting block height ~164,394,000, which translates to an expected execution date around April 28, 2026.
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What the Vulcan upgrade actually changes The Vulcan proposal focuses on three specific areas: execution efficiency, on-chain module improvements, and INJ buyback mechanics. These buyback mechanisms are tied directly to network activity, meaning as more trading volume flows through Injective’s exchange infrastructure, more INJ gets pulled from circulation.
Building on the Volan foundation Vulcan builds directly on the work done during the Volan mainnet upgrade, which was approved as IIP-314 and went live in January 2024. Volan was notable for introducing the first native real-world asset module on Injective, giving developers tools to bring tokenized versions of traditional financial instruments on-chain. It also improved scalability and deepened Injective’s interoperability within the broader Cosmos ecosystem.
Historical context and market reactions Following the approval of a previous upgrade, the INJ token rallied to approximately $3.65 before experiencing a subsequent retracement. The enhanced staking options that have been emerging around INJ, including availability through platforms like Binance US, also factor into the broader demand picture.
What this means for investors The governance vote itself is the first checkpoint. The execution date around April 28 is the second checkpoint. The buyback mechanics refinement deserves particular attention from a tokenomics perspective: if the updated mechanics more efficiently convert network activity into INJ demand, it creates a tighter feedback loop between usage and token value.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective [INJ] spent most of the past year trapped in a prolonged downtrend after collapsing from above $18 to a low near $2.61. However, selling pressure gradually faded as buyers absorbed supply around the bottom, allowing a recovery structure to form.
As accumulation strengthened, INJ pushed through the critical $6.29 barrier and briefly rallied to $7.14, supported by rising volume and improving market participation. That breakout signaled growing confidence among traders because $6.29 had repeatedly rejected previous recovery attempts.
Nevertheless, recent candles revealed hesitation as Short-Term Holders (STH) lock in profits while Bitcoin [BTC] entered a corrective phase. This explains why INJ pulled back 5% despite maintaining a bullish structure.
Source: INJ/USDT on TradingView Even so, the RSI remained near 69 at press time, showing momentum still favors buyers rather than a complete trend reversal failure. Therefore, the market now faces a key test.
If buyers defend $6.29 during the retest, it would confirm that former resistance has flipped into support. Such behavior would suggest continued accumulation and could open a path toward $7.80 and eventually $8.90.
However, losing $6.29 would imply breakout buyers are losing conviction. In that case, INJ could revisit the $5.80-$6.00 demand zone as broader market caution and Bitcoin weakness encourage further profit-taking.
Capital inflows support INJ’s breakout The breakout above $6.29 attracted more than price momentum. Trading volume declined by 12.8%, sitting at $220 million over the past 24 hours of press time. The elevated trading volume highlights strong market participation amid the ongoing breakout and pullback phase.
The underlying network also strengthened. At the time of writing, Injective’s TVL hovered around $12.81 million, rising by 7.82% in the last day. This suggested that capital continued entering the ecosystem despite the retracement. This alignment points to growing engagement across both trading and on-chain activity.
Source: DeFiLlama Still, the move faces an important test. Sustained growth in volume and TVL would support continuation, while slowing participation could weaken momentum.
Can buyers hold the $6.40 breakout zone? Injective’s latest pullback reflects a market transitioning from expansion into consolidation. Buyers previously overwhelmed sellers near $6.40, triggering a breakout that carried INJ above $7.00 and eventually to $7.35.
As momentum peaked, early participants began securing profits, which explains the sharp rejection from resistance and the return toward $6.59.
Source: INJ/USDT on TradingView However, the decline has not disrupted the broader structure. Instead, it suggests the market is seeking equilibrium after a nearly 27% rally from $5.80. Such pauses often occur when strong price moves absorb nearby liquidity and require fresh demand before extending higher.
Focus now shifts to the $6.80-$6.40 region. If buyers absorb selling pressure there, it would signal confidence remains intact despite recent volatility. That could support another test of $7.35 and potentially pave the way toward $8.00.
Failure to hold $6.40 would weaken bullish momentum and increase the risk of a deeper retracement toward the $6.00-$6.20 demand zone.
The AI narrative in crypto has been the defining trade of 2026, and June is making that obvious in a way nobody can ignore. Injective is up roughly 73% over thirty days. Internet Computer broke out of a months-long consolidation and squeezed shorts into oblivion. Both are riding the same wave, capital rotating toward projects with credible AI infrastructure stories at a time when memes and speculative alts are getting punished.
But underneath the price action of these two names, a more interesting conversation has been quietly developing. Kevin O’Leary delivered a full keynote presentation for Zero Knowledge Proof (ZKP), that did not just promote a token. It reframed what the best crypto to buy actually means in the context of where AI is going.
Injective: The High-Beta Winner That Is Now Stretched Table of Contents
Injective: The High-Beta Winner That Is Now StretchedInternet Computer: The Earlier Stage AI Rotation PlayZKP: The Trade Kevin O’Leary Is Actually Telling You AboutTakeaway Injective has been one of the most aggressive runners in this rotation, and the catalysts behind the move are unusually well-stacked. INJ is trading around $6.49 with a market cap near $649 million and twenty-four hour volume around $241 million. The 30-day return sits at approximately 73.09%, the 7-day at 15.06%, but the last 24 hours show a 9.85% pullback that tells you exactly where the technical risk now lives.
The drivers are real. Binance US launched INJ staking, opening regulated US yield access. Bitnomial received CFTC approval for fully regulated INJ futures. Native USDC went live on Injective as Circle’s first MultiVM deployment. The ecosystem has been pushing an “AI agents plus onchain finance” narrative with Azure AI integrations and tokenized real-world asset infrastructure. A community buyback worth over $315,000 was scheduled for early June, adding a known window of net buying that traders front-ran aggressively.
The technical picture is where caution enters. INJ’s RSI14 is about 77.7 and RSI7 is above 83, both deeply overbought. Price sits above every key moving average but is far extended from the 200-day at $4.23. Fibonacci levels put support at $5.50 and $5.07 with swing resistance at $7.30. For investors evaluating the best crypto to buy at current prices, Injective is a strong asset but a poor entry. The move has already happened.
Internet Computer: The Earlier Stage AI Rotation Play Internet Computer is the more interesting technical setup of the two. ICP is trading around $2.98 to $2.99 with a market cap near $1.65 billion and 24-hour volume around $232 million. The 30-day return is about 27.03% and the 7-day around 12.12%, a strong run but nothing like INJ’s vertical move.
The catalyst stack here is built on the decentralized AI compute narrative. ICP is being framed as a serious infrastructure play for AI workloads, transaction volume has spiked into the billions of monthly transactions reportedly surpassing Solana and BNB chain over a recent window, and the network’s burn mechanism recently logged its highest monthly burn since 2025. The breakout itself was amplified by more than $900 million in short liquidations around the $2.78 to $2.97 zone, a textbook short squeeze that brought ICP back above the $3.00 level.
Technically, ICP is less stretched than INJ. RSI14 sits at 58.9 and RSI7 at 67.9, bullish without being overbought. MACD is just crossing positive. The 61.8% Fibonacci retracement at $2.99 is the key pivot. Holding $2.80 to $3.00 opens a path to $3.60 to $4.00. Losing $2.50 to $2.60 means the breakout failed.
For investors searching for the best crypto to buy with established AI narrative exposure, ICP offers a cleaner technical setup than INJ but the easy money has already been made by anyone who bought the breakout. The asymmetric upside is shrinking with every dollar higher.
ZKP: The Trade Kevin O’Leary Is Actually Telling You About This is where the conversation gets genuinely interesting. Because if you watched the keynote Kevin O’Leary recently narrated for Zero Knowledge Proof, what he was actually doing was reframing the entire AI investment thesis in crypto.
His argument was direct. Artificial intelligence is producing outputs that nobody can verify. Lawyers have filed court briefs citing AI-generated cases that never existed. Medical systems have delivered diagnoses based on fabricated clinical research. Financial models are generating reports that sound authoritative with no provable basis. The AI economy has no verification layer. ZKP is that verification layer. He called it the Age of Proof, the shift from belief to knowledge, from promises to verifiable mathematics.
What separates ZKP from Injective and Internet Computer is the stage of the opportunity. INJ and ICP are public assets where the AI thesis is already partially priced in. ZKP is a presale still in its earliest deterministic stages. The founding team deployed $100 million of their own capital before the public sale opened, $20 million on a four-layer blockchain infrastructure with live testnet and integrated zk-SNARK and zk-STARK proof systems, $17 million on Proof Pods (physical validator hardware shipping globally within five days), and $5 million on the domain. For investors looking for the best crypto to buy with genuine asymmetric upside, that pre-build commitment is almost without precedent in the early-stage space.
The presale runs across 25 deterministic stages. Stage 1 price is $0.0004 per token. The confirmed launch price is $0.04.
Takeaway Injective is the late-stage momentum trade, overbought, stretched, and primed for shakeouts. Internet Computer is the mid-stage breakout play, cleaner technicals but the easy entry is gone. ZKP is the earliest stage AI infrastructure bet, a project Kevin O’Leary publicly framed as foundational to the Age of Proof.
For investors deciding what the best crypto to buy actually is in June 2026, the question is less about which AI narrative you believe and more about which stage of the cycle you want exposure to. INJ rewards traders who timed it three months ago. ICP rewards those who caught the breakout. ZKP rewards the investors who recognize that the most asymmetric returns in crypto come from being early to infrastructure the broader market has not yet recognized. The stages are closing. The crowd has not arrived. And for anyone evaluating the best crypto to buy this cycle, that combination remains genuinely rare.
Explore Zero Knowledge Proof:
Website: https://zkp.com/
Buy: purchase.zkp.com
X: https://x.com/ZKPofficial
Telegram: https://t.me/ZKPofficial
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
June 4 — South Korean cryptocurrency exchange Upbit announced that due to a network upgrade for Injective (INJ), deposits and withdrawals of INJ will be suspended starting at 19:00 Beijing time (20:00 Korean time) today, and will remain suspended until the network is confirmed stable. The suspension only affects INJ deposit and withdrawal functions; spot trading of INJ will continue as normal, Upbit clarified. The exchange warned users that conducting on-chain transfers during this suspension may cause delayed deposits or withdrawals, and in extreme cases, could lead to irreversible loss of funds. Upbit added that it will work closely with the Injective project team to safeguard user assets, and will issue a separate notice once deposit and withdrawal services are set to resume.
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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.
4 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.
4 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
4 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
4 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
4 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
Injective [INJ] is among the hardest-hit large-cap altcoins in the latest market downturn.
The token lost 19% over the past day as sellers continued to dominate price action. The decline comes at a time when risk appetite across the crypto market appears to be fading, with many traders choosing to reduce exposure rather than chase positions.
What’s interesting is that trading activity is moving lower alongside price. On the daily chart, the token price action has just dipped past a key EMA support, suggesting the intensity of the current selling spree across the crypto space.
Source: TradingView Buying interest appears to be fading The network’s trading volume also fell to $174 million over the same period, a sign that participation is cooling as the correction unfolds.
In strong markets, sharp pullbacks often attract buyers looking for discounted entries. So far, that hasn’t been the case for INJ.
Instead, the shrinking volume suggests many traders are waiting for the market to stabilize before committing fresh capital. That hesitation is giving sellers room to keep pushing prices lower.
Source: Santiment Bears remain in control The bigger picture remains fairly straightforward. INJ is making lower moves while market activity continues to weaken. Until buyers show up in meaningful numbers, the path of least resistance remains to the downside.
That doesn’t mean the token can’t bounce. After a 19% decline, short-term relief rallies are always possible. But right now, there is little evidence that buyers are ready to take control.
Retail activity indicates an increased presence of retail traders, suggesting that the selling pressure could be coming from retail traders.
However, with the trading volume not recording significant change, the retail pressure is yet to bet the current big player selling spree.
Source: CryptoQuant What’s next for INJ? The key question is whether the current correction is nearing exhaustion or still has further to run.
For now, the combination of falling prices and declining volume points to a market that is still losing momentum. Unless sentiment across the broader crypto market improves, INJ could remain under pressure in the near term.
At this stage, bulls aren’t looking for a breakout. They’re simply looking for signs that the selling is finally beginning to slow down.
Final Summary INJ dropped by 19% in the last 24 hours as the broader crypto market slipped into correction mode. Trading volume also fell to $174 million, showing reduced market activity during the sell-off.
