GMX users can now trade the just-launched MegaETH token ($MEGA) on leverage on both the Arbitrum and MegaETH blockchains. Additionally, GMX is featured on Terminal, MegaETH’s points-driven ecosystem discovery portal that helps you explore key dapps.
MegaETH’s token-generation event has just taken place, making $MEGA tradable. On GMX, the MEGA/USD perpetual market is available in two configurations, each reflecting the liquidity infrastructure of its respective chain.
On Arbitrum, the MEGA/USD market is structured as a synthetic perpetual; the MEGA token has not yet been bridged to Arbitrum. The market is backed by the GLV [WETH-USDC] vault, and can be traded using WETH and USDC collateral. This gives Arbitrum-based traders direct exposure to MEGA price movements, allowing them to seamlessly go long or short with up to 40x leverage.
On MegaETH, the MEGA/USD market is backed by the existing GLV [USDM-USDM] vault, GMX’s stablecoin-only liquidity product. Traders on MegaETH can long or short MEGA, BTC, ETH, and SOL with up to 50x leverage, with all trades backed by USDM collateral.
All price data for the markets on GMX is provided by Chainlink’s decentralized, sub-second Data Streams.
Trade MEGA perps now at app.gmx.io
GMX is now live on Terminal as well, MegaETH’s mainnet points program. Terminal maps the Mega ecosystem and enables users to explore it through a points-based engagement model. GMX is among the prominently highlighted protocols, and activity on GMX MegaETH contributes to your Terminal point allocations each epoch.
Activities on GMX MegaETH that users are recommended to explore include:
Trading Perps
Referring Friends
Providing GLV Liquidity with $USDM
And earning positive realized PnL
Each category carries a distinct weight in the overall allocation.
Connect your wallet at http://terminal.megaeth.com, explore the ecosystem map, find GMX, and start earning.
Please note: Users start with a base multiplier that grows as they explore the MegaETH ecosystem. Click the Apps button in Terminal and allocate your weekly multiplier to GMX to boost your points!
The CEO search has concluded: Q has been appointed as the first Chief Executive Officer of GMX Labs, following a structured selection process with 20 applicants
Q is a long-standing community member, top GMX token holder, and the architect of GMTrade.xyz
The Strategic Plan to Restore Price Discovery, passed by the GMX DAO in March, continues to advance
Weekly $GMX buybacks are ongoing, with 168,500 tokens reacquired for approximately $1.1M since March.
The search for a Chief Executive Officer for GMX Labs is complete. Twenty candidates applied, and following a thorough evaluation by the Interim Leadership Committee, a selection has been made:
Q has been appointed as the first CEO of GMX Labs.
Q needs little introduction, for most of you. A long-time community member, leading governance delegate, top GMX token holder, and the driving force behind GMTrade.xyz — the community-built GMX deployment on Solana — Q has been a consistent presence in the ecosystem across governance, product, and community. He has already started onboarding, meeting with contributors and reviewing active initiatives. The transition committee is supporting him through that process over the coming weeks.
In his own words, posted to the GMX governance forum upon his appointment:
“Return to first principles: everything a Perp DEX should do comes down to delivering deeper liquidity, lower trading costs, more tradable markets, a better trading experience, and stronger community reach. Every decision must align with these goals. Every opportunity is worth exploring — but always through the lens of minimal cost and rapid experimentation. Eliminate any process that slows execution, and place efficiency and speed at the highest priority. Let results speak.”
This appointment gives GMX Labs a clear center of gravity for execution and a public-facing figurehead, accountable to both the DAO and the contributors building the protocol day to day.
The CEO appointment arrives alongside continued execution on the ‘Strategic Plan to Restore Price Discovery’, passed by the GMX DAO in early March. The plan targets the structural conditions that limit the effectiveness of the ongoing buyback program, specifically, CEX supply overhang and fragmented protocol liquidity.
Staking reward distribution remains suspended; buybacks continue. Effective 4 March 2026, all GMX staking rewards were redirected to the Treasury. The 27% of protocol fees previously distributed directly to stakers continues to accrue on their behalf, and is being deployed into open-market GMX purchases. These accumulated rewards will be distributed once GMX reaches the $90 price threshold established by governance.
The buyback program has deployed approximately $1.1M in protocol earnings since March 5. In total, 168,500 GMX tokens were repurchased, at a blended average of ~$6.50. The annualized run rate at current fee levels amounts to: $6–7M per year.
The buy-wall measure has concluded. A one-time, Treasury-backed buy-wall of 1,000,000 GMX was set at $5 on-chain for one week, shortly after the plan’s implementation. The $5 level was not reached during that window. The measure was fixed and non-extendable by design; it has now ended.
Phase 1 of Liquidity Restructuring is complete. GMX-controlled positions on Uniswap V2 and Trader Joe have been unwound, with the withdrawn liquidity redeployed into GMX’s own infrastructure.
The most recent implementation milestone brought two major, related dApp upgrades:
GMX buyback data is now fully on-chain and verifiable. The dApp displays a weekly breakdown of GMX repurchased, a cumulative total, and an annualized buyback rate. These figures are all sourced directly from blockchain state and are double-checkable by anyone. Buyback accrual is also integrated into your portfolio card on the Earn page.
Staking Power is live. Staking Power determines your proportional share of future reward distributions. It accrues as a function of time staked multiplied by the amount staked. A loyalty threshold is in effect: dropping below 80% of your historical peak balance resets your accumulated Staking Power to zero.
The dApp shows your loyalty health indicator, warns clearly before any unstake that would trigger a reset, and displays your projected share of future distributions.
Staking Power and Staking Rewards begin to accumulate the second you stake any GMX tokens:
Binance Leverage will remove some trading pairs, including LSK/USDC and HEI/USDC.
PANews reported on May 11 that, according to an official announcement, Binance Leverage will remove the following leveraged trading pairs on May 15, 2026 at 14:00 (UTC+8):
Full margin leveraged trading pairs: LSK/USDC, HEI/USDC, GMX/USDC, BIGTIME/USDC, MAV/USDC; Isolated margin trading pairs: HEI/USDC, BIGTIME/USDC.Share to:
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A new wallet withdraws 17,700 ETH from Binance, worth $28.58 million
Since a set of changes to GMX’s funding rate configuration was implemented in late April, traders on GMX are paying about 65% less in funding.
The main takeaways:
Median rates on the funding-paying side are down over 65% versus the pre-update baseline
93 out of 109 markets saw lower funding rates
The share of long-tail perp markets with funding above 50% has dropped to near-zero
Lower, more stable funding makes it much cheaper for traders to hold positions long-term. It also opens the door for GMX to easily and safely support larger, more liquid markets.
This is only the first round of improvements to the funding mechanism; further refinements are already in the pipeline.
[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, May 21st, 2026]
NOW Wallet, a non-custodial crypto wallet focused on security, multi-chain access, and seamless DeFi experience, now has direct access to perpetual futures and prediction markets built into the app. That means platforms like Hyperliquid, Aster, Lighter, GMX, and dYdX for perps trading, and Polymarket and PancakeSwap for prediction markets — all accessible without leaving the wallet.
Perps and prediction markets
Perpetual futures (“perps”) allow users to take positions on cryptocurrency price movements without holding the underlying asset. These instruments support features such as leverage, short positioning, and continuous trading, which have contributed to their widespread use in digital asset markets.
Prediction markets operate on a different model. Rather than tracking asset prices, they reflect the perceived likelihood of specific outcomes. Participants take positions on whether an event will occur, such as a cryptocurrency reaching a certain price level, a macroeconomic development, or other predefined scenarios. Market prices adjust as expectations change, and positions are resolved once the outcome is determined.
Both segments have expanded within decentralized finance (DeFi) in recent years.
Bring this into the wallet
Until now, accessing advanced DeFi trading tools meant a fragmented workflow — separate accounts on separate platforms, funds split across multiple places, constant switching between apps and browser tabs. It worked, but it wasn’t clean.
This update brings that access into one place. Users can connect to supported protocols directly through their wallet, fund trading balances, sign transactions, and manage positions — all while keeping self-custody of their assets. No centralised exchange accounts required.
The aim is straightforward: make on-chain trading more direct, less fragmented, and actually usable on mobile.
Part of a broader shift in crypto UX
Wallets started as storage tools. That’s changing. As more users engage with swaps, staking, trading, and prediction markets at the same time, the expectation has shifted — a wallet should be the access layer for all of it, not just a place to park funds between sessions.
Adding perps and prediction markets is part of that direction for NOW Wallet.
About NOW Wallet
NOW Wallet is a non-custodial multi-chain crypto wallet supporting storage, swaps, staking, fiat purchases, and dApp access across 70+ blockchain networks.
The feature is available now in the latest version of NOW Wallet.
Users can download NOW Wallet: https://walletnow.app/
Most decentralized perpetuals protocols compete on fee basis points and trading volume. GMTrade is betting on something larger: a single venue where traders can move between crypto, FX, commodities, indices, and eventually equities without ever touching an order book. The project’s co-founder William laid out that roadmap in a recent podcast, framing the endgame as an on-chain version of Robinhood — built on Solana, powered by pooled liquidity and Chainlink’s low-latency data feeds.
The protocol launched close to 90 markets already, including WTI crude oil, gold, silver, and palladium. That kind of asset expansion is not typical for a perp platform that began as a GMX fork. The team broke away from the fork label after realizing the product complexity and community scale demanded independence. Now GMTrade runs its own liquidity pool, fee structure, and points system on Solana, targeting both retail and institutional traders who want exposure beyond crypto.
Why Pooled Liquidity Beats the Order Book — for This Use Case The design choice matters because it changes how markets can scale. Order book exchanges need deep bids and asks from day one. That requirement makes launching new asset markets expensive, slow, and dependent on market makers who expect subsidies. GMTrade sidesteps that entirely. Its pooled liquidity model lets the protocol spin up a gold or FX market without convincing a market maker to quote tight spreads first.
Fee compression follows naturally. The team quotes a 0.5 basis point trading fee, roughly five to nine times cheaper than leading Solana order book competitors that typically charge around 3 basis points. The difference is structural. Order book platforms carry the ongoing cost of subsidizing liquidity. The pooled model reduces that drag, which can translate into wider market coverage and lower costs for users over time. It also allows the team to prioritize open interest over raw volume as a metric of real economic engagement.
Oracle Infrastructure and the Risk-Reward Equation for LPs Under the hood, the protocol’s ability to price off-chain assets like FX or crude oil relies on Chainlink Data Streams. The low-latency feeds, deployed on Solana, made it feasible for GMTrade to list non-crypto instruments without exposing LPs to stale pricing. The partnership is not new; William noted the relationship began during his GMX days and influenced the decision to build on Solana once Chainlink committed to the new product.
For liquidity providers, the yield story is more nuanced than a standard lending pool. LP returns come from trading fees, borrowing fees, and liquidation fees, but the capital does not sit idle. It acts as counterparty to trader PnL. William acknowledged that LPs take on trading risk, though historically losing traders tend to outnumber profitable ones, creating a net positive fee flow. He also stressed that GMTrade emphasizes real yield over governance token incentives, a distinction he argued separates it from protocols that advertise eye-catching APRs that collapse once token emissions are stripped out.
Sophisticated LPs can hedge some of the trader PnL exposure. Others may simply accept the risk profile knowing the pool has operated similarly to GMX’s structure for several years. The absence of a lock-up period for the points incentive layer also gives users an exit ramp that traditional staking programs lack.
Points, Costs, and Weeding Out Wash Volume Points farming is an addiction the DeFi sector cannot quit, but GMTrade designed its system to make it expensive. GT points are not airdropped. Users earn them by paying fees — trading fees, borrowing fees, or simply holding positions. William compared the model to Bitcoin’s issuance curve: as the total points pool grows, the cost of earning new points rises, so early, sustained participation gets a better cost basis than late-stage, volume-spiking behavior.
The approach filters out some of the hollow farming that points campaigns often attract. Even if a user chases points, the fees they pay still generate protocol revenue. William claimed the platform has yet to see large-scale farming, and most activity still comes from genuine traders. That assessment matters for any future token generation event, because points would likely inform distribution. The mechanism rewards those who put real capital at risk rather than those who manufacture cheap volume.
From Commodities to Stocks: The On-Chain Robinhood Bet The move into real-world assets is not a side experiment. William pointed out that the FX market alone dwarfs crypto, offering a much larger pool of potential volume, open interest, and fee income. GMTrade already lists precious metals, energy, and index markets. In the medium term, the team plans to work with Chainlink to expand coverage further, with a long-term target of thousands of markets. Stocks are on the roadmap, though prediction markets — a winner-take-all category — look less attractive for now.
This push mirrors the broader tokenization trend that saw real-world assets cross $20 billion on-chain recently, driven by institutional settlement milestones and infrastructure buys. GMTrade’s angle is retail-first but shares the same thesis: moving traditional financial instruments on-chain unlocks liquidity and accessibility that legacy rails cannot match.
The mobile app adds another layer. William argued that perpetuals trading often starts on desktop for analysis but finishes on mobile for position management. A dedicated app targets users who spend their crypto hours on Telegram and Phantom, making it easier to check, close, or add to trades from a phone. The ambition is to match Robinhood’s mobile dominance with a decentralized backend that does not custody assets and charges a fraction of the fees.
Solana’s Role in the DEX Perps Race GMTrade’s bet on Solana is not just about speed and low fees. The network holds a large retail user base and growing institutional presence, as developer activity data often reflects. Ethereum and Solana regularly top blockchain developer activity rankings, signaling infrastructure momentum. A pooled perp protocol that lists gold and crude oil speaks as much to Solana’s evolving use cases as it does to GMTrade’s roadmap.
The unresolved question is demand. Open interest will reveal whether traders actually want to hold FX and commodity positions on a decentralized perp platform alongside their crypto exposures. The fee advantage is clear, but liquidity fragmentation across chains and execution reliability during volatility remain variables. Structured incentives can jump-start growth, but real retention depends on whether the execution quality holds up when a crude oil position moves sharply against a trader at 3 a.m.
William’s view is that traders care more about net profit than brand. If GMTrade can deliver tighter costs and credible asset coverage, some flow will migrate. That is the same logic that propelled Robinhood’s zero-commission model. But doing it on-chain, with pooled counterparty risk and decentralized oracles, is a far more complex engineering challenge. The protocol is still early in proving that the product can attract sustained position size, not just promotional volume.
GMX has launched SPCX/USD, a perpetual futures market offering exposure to SpaceX — one of the most valuable private companies in the world — before any public listing.
The SPCX/USD market is available now at app.gmx.io, with up to 10x leverage and 24/7 trading hours. This is a new type of market for GMX, launching with limited initial OI capacity as GMX establishes the infrastructure for pre-IPO equity perps.
SPCX/USD is a synthetic perp designed to reflect the market-implied price per share of SpaceX. It is not SpaceX equity, nor does trading SPCX/USD provide shares, ownership, voting rights, dividends, an IPO allocation, or redemption rights.
SpaceX has never been publicly traded. GMX’s perp market gives traders the ability to take long or short positions on the market-implied valuation of the company, permissionlessly and at any time.
Start trading SPCX/USD: app.gmx.io
Note: This is an event-mode market built around the upcoming IPO. It launches with limited initial OI capacity. Caps and trading parameters may change around the IPO, and opening or increasing positions may be unavailable when caps are reached.
After the IPO, the market is expected to transition to a standard On-Hours/Off-Hours schedule: still accessible at all times, but with enhanced risk controls outside of regular business hours.
SPCX/USD builds on the same infrastructure that powers all the perps on GMX:
Permissionless access, directly from your self-custody wallet on Arbitrum and with support for Ethereum Mainnet, Base, and BNB Chain via your GMX Account.
Transparent, aggregated price data via Chainlink’s low-latency Data Streams, tailor-made for GMX.
Deep pool-based liquidity, provided by 45,000+ users holding GM and GLV tokens.
Real-time risk parameters managed by GMX’s risk engine.
SPCX/USD is the latest addition to GMX’s growing suite of perp markets for TradFi assets, which includes commodities like Gold (XAU/USD), Silver (XAG/USD), WTI Crude Oil (WTIOIL/USD), Brent Crude (BRENTOIL/USD), and Natural Gas (NATGAS/USD).
GMX’s infrastructure is built to support any priceable global asset class (crypto, equities, commodities, indices, and beyond) with the same permissionless, on-chain execution that’s made it one of the most battle-tested decentralized trading platforms.
Traders on GMX are matched against a pool of liquidity provided by GM and GLV token holders. Providing liquidity is peer-to-pool, permissionless, and open to anyone.
GLV tokens offer 50/50 exposure to a diversified basket of GMX’s highest-utilized markets, with yield auto-compounded into the token price.
GM tokens allow liquidity providers to take risk-isolated exposure to a single market of their choosing.
The synthetic SPCX/USD perp is backed by WETH-USDC liquidity and has been integrated into the GLV [WETH-USDC] vault, ensuring liquidity is dynamically allocated to the market to meet demand.
Anyone can supply WETH or USDC from Arbitrum, Ethereum, Base, or BNB Chain to the GLV [WETH-USDC] vault to become a liquidity provider and earn rewards (learn more about the yield mechanics). Providing liquidity directly to the GM: SPCX/USD pool is currently unsupported.
View the Earn opportunities for LPs: app.gmx.io/#/pools
SPCX/USD is a synthetic perpetual market. It is not SpaceX equity and does not confer shares, ownership, voting rights, dividends, IPO allocation, or any redemption rights. This market launches with limited initial OI capacity and is subject to parameter changes. Trading (pre-IPO) perpetual futures involves significant risk, including the potential loss of your entire position.
A new GMX governance proposal wants to pay the protocol’s incoming CEO an annual salary of one dollar. The catch: up to 2 million GMX tokens are on the table if the team can push the token price to levels that would make current holders very, very happy.
The GMX DAO advanced a proposal titled “$1 and 1,000,000 $GMX” to a Snapshot vote on May 20, moving from forum discussion to a formal governance decision. The plan would replace traditional token compensation with a performance-based incentive structure that only pays out when specific price milestones are met.
The structure: skin in the game, or nothing The incentive pool is capped at 2 million GMX, split into two equal tranches of 1 million tokens each. The first tranche unlocks when GMX hits a 30-day Time Weighted Average Price of $100. The second tranche requires a 30-day TWAP of $1,000.
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Those prices aren’t measured by some internal metric or self-reported figure. The proposal specifies Chainlink oracles as the measurement mechanism, which removes the team’s ability to game the numbers.
The incoming CEO, identified in governance documents as “Q,” has agreed to earn just $1 per year in base salary. Every dollar of additional compensation depends on hitting those community-defined price targets.
Incentives vest linearly over one to five years, with the timeline tiered by role within the organization. The proposal also includes clawback rights for misconduct. If someone on the team acts against the DAO’s interests, their unvested tokens can be reclaimed.
What this replaces and why it matters This incentive structure is designed to replace the previous compensation arrangement under GMX Labs for the 2026-2027 funding cycle.
Under aggressive vesting scenarios, the projected annual supply impact is capped at roughly 800,000 GMX. That’s the maximum dilution holders would face in any given year, and it only materializes if the price targets are actually hit. If GMX never reaches $100, no tokens from the first tranche are distributed. If it never reaches $1,000, the second tranche stays locked.
Community feedback on the governance forum has been largely positive. Several community members noted, however, that additional execution-focused proposals would be needed to ensure the compensation model translates into actual protocol growth.
Funding sources and specific allocations for the incentive program haven’t been finalized. Those details will be addressed in future DAO proposals, meaning this vote is effectively the first step in a multi-stage governance process.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Neiro is a dog-themed meme coin inspired by an actual Shiba Inu. After the passing of Kabosu, the famous Dogecoin $0.076106 Shiba Inu, in May 2024, Atsuko Sato adopted Neiro. This adoption sparked a new market hype, leading to the creation of multiple other meme coins with similar names.
What is NEIRO?In May 2024, Kabosu, the renowned mascot of Dogecoin, passed away at the age of 17, marking the end of an era. A few months later, Kabosu’s owner brought home a new Shiba Inu named Neiro. This event initiated a hype in the meme coin space, resulting in the creation of many tokens inspired by Neiro on platforms like Solana $68 and Ethereum $1,623. However, the NEIRO token mentioned here operates within the Binance Smart Chain ecosystem.
According to CoinMarketCap, when this article was written, NEIRO was trading at $0.0000001196. It reached its peak price of $0.00000211 on September 24, 2024, and saw its lowest price of $0.00000007605 on September 26, 2024.
Currently, NEIRO’s market capitalization stands at $50,570, and according to CoinMarketCap, the meme token ranks 5,312.
How to Purchase NEIRO?Like many cryptocurrencies, this meme token can be purchased through various exchanges. Additionally, purchases can also be made via the project’s website using Metamask. Exchanges that list NEIRO include Bilaxy, LBank, and PancakeSwap.
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.
Here’s a look at the history of Dogecoin and how much lucky investors who bought back in 2013 would have now.
Palmer bought dogecoin.com and connected with Markus, who had previous experience with altcoins, including making a coin based on the Bells currency in the Animal Crossing video game. The duo made the coin in just a couple hours, with Markus previously saying much of the time on development was spent changing the font of the coin to Comic Sans.
Don’t Miss:
The cryptocurrency was based on the iconic Doge meme that stars Kabosu, a Shiba Inu dog.
A profile for Dogecoin was created on Bitcointalk.org on Dec. 6, 2013. A subreddit for Dogecoin (r/Dogecoin) was created on Dec. 8, 2013. The coin opened for trading on Dec. 15, 2013.
One of the coin's first uses was as a tipping bot on Reddit.
The price of Dogecoin went from around $0.0002 to $0.002 in two weeks, marking a significant return for early investors.
The coin saw a rise in 2017 alongside other altcoins before falling in price by the end of 2018.
See Also: Dogecoin millionaires are increasing – investors with $1M+ in DOGE revealed!
In 2021, Dogecoin hit all-time highs, a move that could have been helped by an appearance by Musk on “Saturday Night Live.”
Nowadays, Musk may have helped boost the price of Dogecoin thanks to his call to be in charge of the Department of Government Efficiency, or D.O.G.E. for short, under Trump.
Retailers and websites began accepting Dogecoin as a form of payment thanks to its popularity. Cryptocurrency exchanges such as Coinbase and eToro added Dogecoin to their platform due to customer demand.
While Dogecoin doesn’t trade near its all-time highs set in 2021, many early investors are still enjoying strong returns.
Read Also: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today.
Investing $100 in Dogecoin: On Dec. 15, 2013, Dogecoin began trading, according to data from Coinmarketcap.
A look at the chart on Coinmarketcap shows a price of $0.0002993 for Dogecoin on Dec. 15, 2013.
An investment of $100 could have purchased 334,112.93 DOGE at the time.
The investment would be worth $119,545.06 today, based on a price of $0.3578 for Dogecoin at the time of writing.
Dogecoin hit an all-time high of $0.7376 in May 2021. The hypothetical $100 investment would have been worth $246,441.70 at that time.
“Much Wow” indeed!
What’s Next: Not every cryptocurrency investment will increase in value, and the hypothetical investment was likely realized by few, if any.
A Trump victory has sent cryptocurrency prices higher, with Bitcoin making several all-time highs throughout the current trading week.
Dogecoin hit a one-month and one-year high over the last 24 hours with a price of $0.4359. The cryptocurrency has traded between $0.07028 and $0.4359 over the last year. The cryptocurrency has failed to return to its all-time high in recent years, with the current rally the closest the coin has been since then.
Optimism for Trump’s administration and Musk’s role for D.O.G.E. could continue to put Dogecoin in the spotlight.
Read Next:
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.
Market News and Data brought to you by Benzinga APIs
As Dogecoin celebrates its 11th anniversary on Dec. 6, here's a look back at the coin's creation and how much investors could have made following one of the key events in meme crypto history.
Palmer bought dogecoin.com and connected with Markus, who had previous experience with altcoins, including making a coin based on the Bells currency in the Animal Crossing video game. The duo created the coin in just a couple hours, with Markus previously saying much of the time on development was spent changing the font of the coin to Comic Sans.
The cryptocurrency was based on the iconic Doge meme that stars Kabosu, a Shiba Inu dog.
A profile for Dogecoin was created on Bitcointalk.org on Dec. 6, 2013. A subreddit for Dogecoin (r/Dogecoin) was created on Dec. 8, 2013. The coin opened for trading on Dec. 15, 2013.
"Today is dogecoin's 11th birthday. It is extremely surreal that some silly thing I made in a few hours has had the impact on the world that it has. It's a nice reminder that everyone has the potential to make a huge impact with their actions, whether big or small," Markus tweeted on Friday, Dec. 6, 2024.
One of the coin’s first uses was as a tipping bot on Reddit.
The price of Dogecoin went from around $0.0002 to $0.002 in two weeks, marking a significant return for early investors.
The coin saw a rise in 2017 alongside other altcoins before falling in price by the end of 2018. In 2021, Dogecoin enjoyed one of its biggest runs, going from under 1 cent to an all-time high of $0.7376.
Read Also: Here’s How Much $100 In Dogecoin Today Could Be Worth If DOGE Hits New All-Time Highs
Musk Tweets: Before and after Dogecoin's surge in popularity in 2021, the cryptocurrency has consistently garnered support from billionaire Elon Musk. His tweets have frequently fueled significant volatility in the meme coin's value.
On April 2, 2019, Musk replied to a tweet saying "Dogecoin might be my fav cryptocurrency."
"It's pretty cool," Musk said of winning the fictional title of CEO of Dogecoin in a Twitter poll with 49% of the vote.
Another significant moment for Dogecoin’s entry point was on July 17, 2020, marked by Musk’s tweet about the digital currency.
On that fateful day, Musk shared a meme of Dogecoin passing the global financial system saying, "It's inevitable."
Investing $100 in DOGE: Dogecoin traded at $0.002552 on April 2, 2019, around the time of Musk's first tweet mentioning Dogecoin. If you bought $100 in Dogecoin at that time, you would have 39,185 DOGE today. The value of the $100 investment would now be $17,010.21 based on a current Dogecoin price of $0.4341 at the time of writing. This represents a hypothetical return of 16,910.2%
Dogecoin traded at $0.003084 on July 17, 2020, at its highest price. A $100 investment on that day could have bought 32,425 DOGE. The value of the $100 investment would have grown to $14,943.89 today. This represents a hypothetical return of 14,843.9%
Dogecoin hit an all-time high of $0.07376 in May 2021. At its peak, these $100 investments in Dogecoin based on Musk's tweets would have been worth $28,902.86 and $23,916.68, respectively.
The potential for X to integrate Dogecoin into its payments, Musk's new role in the Department of Government Efficiency, or D.O.G.E. for short, and a new pro-crypto White House administration could be future catalysts to send Dogecoin's price higher.
Dogecoin hit a new one-year high of $0.4775 in November and is up over 370% year-to-date in 2024.
Investors of Dogecoin from Musk's tweets or earlier this year are likely saying "much wow."
Read Next:
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.
Market News and Data brought to you by Benzinga APIs
Arkham Intelligence has announced the integration of Dogecoin into its analytics platform, offering its advanced on-chain capabilities to the meme-based crypto.
The team emphasized the significance of this move, highlighting the limited tools available to analyze the Dogecoin blockchain despite its 11-year existence. With Arkham’s features, users will soon be able to visualize and monitor Dogecoin’s blockchain activity, trace transactions, filter data, and set real-time alerts.
This addition expands Arkham’s supported networks to 16, allowing Dogecoin users to examine specific wallet activity and monitor addresses tied to exchanges, funds, and notable individuals.
Dogecoin’s Cultural Legacy and Adoption Dogecoin’s cultural relevance extends beyond the crypto industry. According to Arkham, the coin, inspired by the Japanese Shiba Inu dog Kabosu—who passed away earlier this year—has achieved widespread recognition. The team also notes how the crypto has garnered attention from prominent figures like Elon Musk, who briefly replaced X’s (formerly Twitter) logo with the Doge icon after acquiring the platform.
Additionally, the team highlights how Tesla began accepting Dogecoin as payment for merchandise, furthering its visibility in mainstream markets.
Interestingly, the acronym DOGE now coincides with the U.S. Government’s Department of Government Efficiency, a satirical nod to its cultural prominence.
Critical Vulnerability Causes Node Collapse While Arkham expands Dogecoin’s analytical reach, the network recently faced a vulnerability exploit. A Bitcoin sidechain developer, Andreas Kohl, claimed responsibility for a hack that supposedly disabled 69% of Dogecoin nodes by exploiting a vulnerability dubbed “DogeReaper.”
This flaw relies on a segmentation fault in the network’s code, which causes abrupt program termination when unauthorized memory is accessed. However, despite the dramatic claim, the Dogecoin network remained operational, raising doubts about the accuracy of the report.
Prominent Dogecoin community member “Mishaboar” quickly refuted the developer’s assertion, explaining that the DogeReaper vulnerability had already been identified and patched two weeks earlier in a node update adopted by key participants such as miners and exchanges.
Mishaboar also questioned the validity of the data used to support the hack, noting that Blockchair’s reported node drop—from 647 to 205—was not comprehensive.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The Own the Doge DAO bought the intellectual property rights to the successor to the late Doge meme dog Kabosu, and is voting on which token to anoint as 'legitimate.'
The Own the Doge DAO is setting up a crypto dog fight after buying the intellectual property rights to Neiro, the successor Shiba Inu to Kabosu, the face of the original internet doge meme.
After Kabosu passed away, owner Atsuko Sato adopted Neiro, which set off a memecoin stampede that has led to dozens of tokens using the younger Shiba Inu’s name and likeness.
Own the Doge already controls the IP for Kobasu. Now, it has turned to members of the decentralized autonomous organization (DAO) to choose the “real” Neiro token.
“When Atsuko revealed the name of her new adopted dog, Neiro, many tokens were launched in an attempt to capitalize on her name and story,” the DAO said in an X post. “However, since then, these various tokens have battled each other to become the ‘real’ Neiro, with no agreed criteria. This has led to a brutal free-for-all with significant tensions. This is not wholesome.”
It invited members and the general public to use its $DOG tokens to join a discussion on the DAO forum before voting to “give their blessing” to one project or “do something else entirely.”
Voting with their feetRealistically, the contest to be the “real” Neiro token has already been won by the Neiro (NEIRO) token that currently has a market cap of $500 million, according to Coingecko. While it is one of several with that name and symbol, it had spiked over $1 billion in November.
Its closest competitor, Niero on ETH, also trading under the ticker NEIRO, has a market cap of $45 million. It had gone as high as $266 million in August before losing momentum after Binance controversially listed the current market leader.
Kabosu Mama, the owner of Kabosu and Neiro, shares heartwarming and amusing stories about her life with her furry friends: Kabosu, the Shiba Inu who became an internet sensation as the DOGE meme and inspiration behind Dogecoin, and her other dog, Neiro (who inspired similar meme coin off-shoots).
(Source)
Atsuko Sato, or Kabosu Mama, is known for her blog, where she shares her life with her adopted pets, including the famous Kabosu. Kabosu became an internet sensation when her image was used as the face of the Dogecoin crypto, or Doge.
Sato’s blog showcases Kabosu’s daily adventures and heartwarming moments with her companions, including the cats Azuki, Ginnan, and Onigiri. Her blog posts often depict the simple joys and challenges of living with rescue animals, fostering a warm love around the love for pets.
(Source)
Almost seventeen years ago, on November 2nd ,2008, Kabosu joined Sato’s family. On her first day, Kabosu sat quietly in the corner of the room, visibly scared, motionless, and silent. Her big, round eyes looked at her new owner with a mix of curiosity and nervousness. Undoubtedly, this moment marked the beginning of a beautiful bond between Kabosu and her Mama.
In another post, Kabosu Mama describes a night where she and Kabosu shared a special moment. “I’ve got this one memory, a night where it was just me and Kabosu. We didn’t do much; we just sat there quietly, reflecting on our day or maybe nothing. She wrote that those silent moments with her meant the world to me”, she wrote.
After sixteen years of joy and love, Sato announced Kabosu’s death on May 24, 2024 , through her blog and social media. Sato expressed that Kabosu “crossed the rainbow bridge” peacefully in the morning, surrounded by love, as Sato petted her.
“I know we’ll be together another day, another time, But until then, just keep chasing butterflies”.
(Source)
Sato adopted Neiro on November 13, 2022, symbolizing a new chapter for her, as she has always given dogs a loving home.
“Neiro, with her playful spirit, has become my new source of joy and healing. She embodies the ‘color of sound,’ bringing music back into my life after Kabosu’s departure.”
Neiro carries forward the legacy of love and companionship that Kabosu established. Also, Sato’s affection for Neiro is clear in her posts, where she shares their daily lives, ensuring Neiro gets the same love, attention, and care that Kabosu had.
(Source)
The introduction of Neiro into Sato’s life has been a source of healing and joy after the loss of Kabosu. Neiro’s playful and loving nature has helped fill the void, offering Sato companionship and a reason to smile, which she generously shares with her followers.
From Sato to Viral Memes to Crypto From the serene world of Kabosu to crypto, the journey of Dogecoin DOGE $0.0837 0.26% and its successors like Neiro NEIRO1 $0.000070 0.01% .
This is another tale of how internet culture can influence finance.
In 2013, Billy Markus and Jackson Palmer launched Dogecoin as a playful crypto coin featuring Kabosu’s image as its mascot. Evidently, what began as a joke quickly evolved into a legitimate digital currency.
Moreover, influencers like Elon Musk, alongside Dogecoin’s accessibility and the internet’s love for memes, drive Dogecoin’s popularity. Dogecoin has achieved a significant market cap and cultivates a fervent, cult-like community.
some of the first comments on the thread where i announced dogecoin in 2013
perfection, no notes pic.twitter.com/uXIh90cWAj
— Shibetoshi Nakamoto (@BillyM2k) December 16, 2024
Following Kabosu’s passing in May 2024, the crypto community found a new symbol in Neiro, another dog adopted by Sato. Neiro sparked a new wave with several “Neiro” tokens launching Ethereum and Solana. Eventually, one survived and became another major crypto meme coin.
(NEIROUSDT)
Both Doge and Neiro reflect the community’s love with dog-themed meme coins. The story of Kabosu and Neiro in the crypto world shows how joy and a dog’s companionship can inspire movements.
Without a doubt, love of Dogs unites communities and even influences financial markets, showcasing intersections between pet culture, internet memes, and crypto.
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Changpeng ‘CZ’ Zhao, the former CEO of Binance, has been goaded by some fans to launch a meme coin inspired by his own pet dog. The entire thing went down on X, where CZ was first asked whether he even has a pet dog. As every man and his dog look to launch meme coins of their own, we review some of the best to buy right now.
Nobody Without a Meme Coin It seems the idea of a pet meme coin sparked CZ’s imagination, as he followed up by inquiring how meme coins work. Half an hour later, we had the crypto legend saying, ‘Will mull it over for a day or so, as usual for big decisions.’
Although the crypto market has its fair share of dog-themed meme coins ($DOGE, $SHIB, and $BONK) – all market leaders, by the way – one by CZ himself would likely also be a hot property.
Binance’s former top dog harboring meme coin ambitions follows the launch of many other celebrity-endorsed coins. These include the Trump family coins, $TRUMP and $MELANIA, Iggy Azalea’s $MOTHER, and Andrew Tate’s $DADDY coin.
In this article, we’ve handpicked 4 of the best meme coins set to explode 100x in this new meme coin bull run
1. BTC Bull ($BTCBULL) – Top Meme Coin for Bitcoin Bulls BTC Bull ($BTCBULL) is easily one of the best new cryptos to buy right now, offering the ideal low-cap investment opportunity for Bitcoin maximalists.
Instead of simply standing on the sidelines and cheering on the OG cryptocurrency, you can become a $BTCBULL token holder and get a taste of the action.
BTC Bull will reward token holders with free $BTC airdrops whenever Bitcoin reaches new milestones. By this, we mean price points, as in $150K, $200K, $250K, and so on – all the way up to $1M, which is BTC Bull’s ultimate goal for Bitcoin.
What’s more, the project plans to burn a part of its total supply at similar intervals, i.e., when $BTC hits $125K, $175K, and $225K.
Token burns boost demand and shoot the token’s price up, resulting in even more gains for early adopters. Those who buy in the presale stage can also benefit from the project’s 339% staking rewards.
The $BTCBULL presale has raised a whopping $1.1M in less than 3 days from its launch, and it’s all set to make some big waves in the coming weeks. You can get 1 $BTCBULL for just $0.00236 before the price goes up in two days.
2. Solaxy ($SOLX) – Meme Coin Breathing New Life Into Solana Launched towards the end of 2024, Solaxy ($SOLX) has just crossed the $20M mark in presale funding, making it one of the best crypto presales of 2025.
The driving force behind Solaxy’s growth is its goal of creating the first-ever Layer 2 network for the Solana blockchain.
Although Solana is the official home of meme coins and has seen an unprecedented surge in trading activity lately, there are several issues holding it back. These include network congestion, slow transactions, and limited scalability.
Solaxy aims to tackle these issues by creating a new layer 2 network for Solana, with $SOLX as the central native currency.
As a multi-chain token that bridges both Ethereum and Solana, Solaxy will reduce the workload on Solana to deliver a fast and frictionless experience.
Moreover, it’ll reduce the overall costs involved in using Solana. No wonder why our Solaxy Price Predictions paint a bright future ahead.
You can join the Solana revolution. Simply visit the $SOLX presale and buy your tokens for just $0.001634 each. If this is your first presale purchase, here’s a detailed guide on how to buy $SOLX.
3. Dogecoin ($DOGE) – OG Canine Meme Coin that Leads the Pack It’d be fair to assume Dogecoin’s success has had a role to play in inspiring new dog meme coin ideas like CZ’s.
Inspired by an actual pet dog named Kabosu, $DOGE wasn’t just the first dog-themed crypto; it was, in fact, the first meme coin ever.
Plus, with over 46,000% returns in the last 4-5 years, and a current market cap of some $39B, $DOGE is a testament to the power of meme coins to generate fun, hype, and mind-blowing returns.
Although the OG doggo has been facing severe selling pressure recently, whales are taking full advantage of $DOGE’s discounted prices, having bought 100M $DOGE just a few days ago.
Furthermore, analysts believe Dogecoin could be on the verge of a strong bullish wave, which could see the token surge past $2.43. That would result in a nearly 10x return for those who get $DOGE now for just $0.256.
4. Shiba Inu ($SHIB) – The Other Dog Meme Coin Dominating the Market Shiba Inu might not have the same yields as its counterpart Dogecoin, but it’s still the second largest meme coin in the world, thanks to a market cap of nearly $10B.
This Ethereum-based altcoin is often referred to as the ‘Dogecoin killer,’ seeing as it, too, features a dog (a Japanese breed of hunting dog, to be precise) as its mascot.
It’s worth noting that $SHIB follows a deflationary model wherein the total token supply is regularly burned or decreased to maintain demand and volatility.
Currently trading for just $0.00001623, $SHIB is showing signs of a potential breakout to the upside, which could result in a ginormous 250% surge in its price.
Verdict As CZ considers the meme appeal of his dog and BTC Bull looks to join in the action, it seems animal-based tokens will remain some of the best cryptocurrency to invest in right now.
Hype aside, it’s important to only invest an amount you’re comfortable losing because the crypto economy is pretty volatile.
As always, none of the above is a substitute for financial advice, as we urge you to do your own research before investing.
In This Article What's Got Neiro Down? Why is Neiro the Shiba Inu Upset With COCORO?How Are Dogecoin Traders and Meme Coin Markets Reacting to Atsuko Kato's Neiro and Cocoro Update?Afraid of Missing The Next Meme Coin Pump? This New Meme Coin Index Fund Will Make Sure You Never Lose In a major update for Shiba Inu crypto, Atsuko Sato has posted on the Kabochan blog that Neiro gets sassy with the new Shib Cocoro, but will an emerging cat mafia with Ginnan help?
Over in Chiba prefecture, it seems all is not well in the Kabosu household after Atsuko Sato revealed an increasingly sassy Neiro, struggling with the realities of sharing his home with new fren Cocoro – and Dogecoin traders are taking note.
The Kabochan blog update, written from the perspective of the 11-year-old Shi (referred to as ‘N’) provides a glimpse into the crypto-famous pup’s life in the eight months since his adoption back in Q3 (which many will recall triggered an explosive series of memes coin named ‘NEIRO’).
What’s Got Neiro Down? Why is Neiro the Shiba Inu Upset With COCORO?
(Neiro Observes His New Fren – Source)
Through Atsuko Sato’s writing, it becomes clear that while Kabosu’s successor initially enjoyed the peace and quiet of his loving new home after escaping the dog sanctuary (what Sato refers to as ‘true happiness’), other aspects of life have been harder for him – notably the arrival of a new companion.
Neiro first complains about his fellow fluffy Shiba Inu Cocoro, who has an excessively energetic personality, with a particular dislike of Cocoro’s persistently wagging tail and the joy of barking before meals.
But while Atsuko Sato reveals that Neiro doesn’t hate her, he does find Cocoro’s behavior annoying and disrupts his quiet routine (understandably, given Neiro’s age of 11).
One of Neiro’s biggest pet peeves is that Cocoro can be passive-aggressive to him, especially as Sato generally picks up Cocoro and cuddles her when she’s running around barking at the doors.
Atsuko has explained that she is now making an extra effort to ensure that Neiro feels loved and reassured and is embarking on a plan to make the two Shiba Inu ‘best friends’ over the next six months.
(Cat Yakuza Corner Cocoro to Behave – Source)
But for now, Neiro remains jealous and is still adjusting to the bouncy new friend. Instead, he is focusing his efforts on building a Yakuza-type gang with Atsuko Sato’s cats—Tsutsuji, Ginna, and Onigiri— to enforce better behavior – so watch out, Cocoro!
How Are Dogecoin Traders and Meme Coin Markets Reacting to Atsuko Kato’s Neiro and Cocoro Update? Switching over to the charts, the latest blog post is stirring some interest in the much-loved Shiba Inu crypto icons, with a comparative view depicting Neiro taking the lead across the week—likely as the main face of the recent Kabochan blog post.
(DOGEUSDT)
But while Neiro is leading on the higher time frame, a glance at the daily reveals that other Shiba Inu cryptos are playing rapid catch-up. NEIRO is up +1.76% over the past 24-hours, but Dogecoin (+1.83%), Ginnan the Cat (+2.2%), and COCORO (+3.4%) are all making upside moves.
This comes as Dogecoin finds an explosive launchpad at the 200DMA, which could denote a local bottom and solid entry for the top meme coin.
Also of note is the explosive reverse in Cocoro price – representing the newest meme coin in the collection – another potentially brilliant entry if crypto markets continue the weekend’s strength into next week.
Afraid of Missing The Next Meme Coin Pump? This New Meme Coin Index Fund Will Make Sure You Never Lose Meme coins have been the biggest growth vertical in crypto markets over the past year, yet they have also been the primary source of max pain as ill-equipped, greed-fuelled retail traders sought to win big on Pump.Fun.
The end result? A nearly completely reactive and fatigued retail market and the emergence of the world’s first-ever managed meme coin product: Meme Index ($MEMEX).
Sometimes…
You gotta do what you gotta do. $MEMEX🔥📈https://t.co/7P9aYCaBEn pic.twitter.com/mEHEoMaWkm
— Meme Index (@memecoin_index) March 23, 2025
Representing a major step in market maturation, this new meme coin index fund enables retail and institutional investors to reduce risk and increase gains via managed meme coin exposure.
The Meme Index is actually four separate funds, each adjusted and tailored to different degrees of risk profile – so you can ensure you’re never biting off more than you can chew.
Beyond this, the viral $MEMEX token presale is rapidly approaching the end of its seed funding round, with only limited time left for early-bird investors to claim their slice of the pie.
Owning $MEMEX makes you more than just a passive investor in the new funds; it puts you in the hedge fund manager’s seat, with democratic decisions on adding new meme coins to the four indexes controlled by $MEMEX holders.
Part of the genius of Meme Index, which goes a step further than just ensuring you don’t miss the latest 4AM skyrocket, is a high-level risk management strategy that seeks to ensure actively adjusted diversification across the meme coin market – cushioning volatility.
$MEMEX has been audited by two trusted firms, Coinsult and SolidProof, ensuring the platform’s smart contracts are secure.
Join the Meme Index community on Telegram and X for the latest updates.
Visit the Meme Index
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Doge fans unite! Atsuko Sato announces a heartfelt Doge Memorial Event for Kabosu on May 24. Find out how to join the celebration.
In a heartwarming announcement that’s already sparking excitement across the Doge and crypto communities, Atsuko Sato, the original owner of Kabosu — the Shiba Inu who became the face of Dogecoin and the broader meme revolution — has revealed plans for a special Doge anniversary event next month in Japan.
Writing on her blog earlier today, Sato reflected deeply on the bittersweet emotions of this season: the beauty of spring, the laughter of family, and the approaching first anniversary of Kabosu’s passing. And with that reflection comes celebration.
DISCOVER: Next 1000x Crypto – 12 Coins That Could 1000x in 2025
Everything You Need to Know About Doge Memorial Event
On May 24, 2025, Sato and her friends will host a one-year memorial party for Kabosu at Sakura Gnôme, a charming, dog-friendly park near Sakura Furusato Square in Chiba Prefecture. The event will honor Kabosu’s memory and offer a warm, welcoming space to remember all beloved pets who crossed the rainbow bridge this past year.
“It’s going to be such a beautiful day,” Sato wrote. “Under the wide sky, with the trees whispering in the wind, we will laugh and remember Kabosu and all our precious friends. Everyone is welcome — with dogs or without.”
The gathering is shaping up to be more than just a memorial — it will be a joyful tribute, blending remembrance with celebration, in true Doge spirit: wholesome, humorous, and full of heart.
Fans, Dogecoin holders, and meme culture enthusiasts worldwide are already buzzing about the announcement, with many suggesting the event could become an annual pilgrimage for Doge lovers worldwide.
Organizers encourage anyone who wants to attend to check Instagram for full event details posted by organizer Kaori Sakai (@f.kaori27).
For a generation that grew up smiling at Kabosu’s iconic “such wow” face, this event promises to be an emotional, uplifting moment — one where the simple joy that started a global movement gets its proper, heartfelt tribute.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
DOGE Price Analysis: Will DOGE Memorial Event Spark a May DOGE Price Rally? As Atsuko Sato announces the news, Dogecoin is trading at a market price of $0.18 (representing a 24-hour change of -0.58%).
This comes as DOGE, alongside the broader meme market, forms a high-time frame double-bottomed support and shifts towards upside resistance levels.
All eyes are now on the $0.20 price level, which forms the closest resistance level and has suppressed DOGE price since March.
(DOGEUSDT)
A break above this resistance level would see DOGE price skyrocket to $0.26 – a level marked by the 200DMA (representing around a 45% gain from here).
Indeed, such a move is not unlikely, with Bitcoin price now targeting a return above $100K, and DOGE ETFs processes underway.
One thing we know for sure. Doge is eternal. Much wow. Very memories.
Stay tuned for more updates on this historic Doge celebration!
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In This Article FLOKI Crypto Up 6% Overnight - Leading The Way For Major Dog CoinsBONK Up Huge In April And On The Verge Of A Massive BreakoutBONUS: MIND of Pepe (MIND) - This Hot New AI Agent Launches In 11 Days After Hitting $8.5m Presale Funding Target Dog-themed meme coins are on the rise, with the DOGE memorial event planned in May for the 1st anniversary of Kabosu, the original DOGE dog. FLOKI crypto and BONK are both up significantly in April.
Atsuko Sato, the owner of Kabosu, announced on Sunday (April 27) her plans to host a DOGE Memorial Event in Japan during May. Many major dog-themed meme coins have been performing well in April as investors’ appetite for meme coins surges.
(COINGECKO)
FLOKI Crypto Up 6% Overnight – Leading The Way For Major Dog Coins FLOKI has been on a tear in April, having surged 50% in the last two weeks alone. It is up 6% overnight as meme coins, particularly dog-themed meme coins, are beginning to heat up once again.
Everyone’s favourite indicator in 2025, the M2 Global Liquidity tool, overlaid onto the FLOKI chart, shows a 4x pump could be on the cards this year.
It is a super strong community-backed meme coin that has existed since 2021. With the market turning green once again, it is well positioned to be a top performer heading into the bull market. Once Bitcoin breaks through $100k, all bets are off, as liquidity will continue to flow back into risk-on markets.
One thing to note for FLOKI is the sell wall built up on exchanges. It is currently trading for $0.000084, and the order books show a huge sell wall from here until around $0.00011. If FLOKI can break through the sell wall, with demand outweighing the sells, it will have a free run to roughly $0.00015.
FLOKI had an insane 2024, one of the standout performers for the year. It hit an all-time high of $0.0003 in June 2024, giving it a market cap of over $3 billion. At current prices, its market cap is at $817 million, meaning a 3.5x increase will be required to revisit those 2024 highs.
$FLOKI vs M2 Global Liquidity (M2 Global Money Supply)
BULLISH CHART!
FLOKI COULD PUMP AT ANY TIME 🟢📈 pic.twitter.com/ZYmEWmzUdp
— Bull Bear Spot (@m2globalmoney) April 29, 2025
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BONK Up Huge In April And On The Verge Of A Massive Breakout BONK crypto is up nearly 75% in the past 30 days, making it the top-performing major cap meme coin this month. Even with CoinGecko showing BONK down 5% in the past 24 hours, it comes amid a powerful week that has seen its market cap increase from $1 billion to over $1.5 billion.
Currently trading at $0.000019, BONK has just broken above a critical trendline. As long as it holds above these current levels, a breakout will be imminent.
This dog-themed meme coin has undergone a real resurgence this month after launching it ‘LetsBonk’ meme coin launchpad late last week. Similar to Pump.fun, Let’s Bonk allows users to launch meme coins for a minimal fee in seconds.
It has garnered much attention, pulling users away from Pump.fun and Raydium’s LaunchLab with its new offering. This attention has converted into bullish price action for the BONK token itself.
BONK has seen a spike in volume alongside its price over the last week. In the past 24 hours alone, it has only processed $400m in trading volume.
In November 2024, BONK hit its all-time high of $0.000053, which gave it a market cap of over $4 billion. At its current price, BONK is 65% away from its all-time high. However, if it can stay above the trendline and break out from here, a 2.5x increase could be on the cards for Q2 2024.
look at this chart and understand what it means to be one step ahead of the crowd….the coin with the most bullish chart $BONK https://t.co/c0R2KweSWw pic.twitter.com/pej4tjBcxk
— EliZ (@eliz883) April 29, 2025
BONUS: MIND of Pepe (MIND) – This Hot New AI Agent Launches In 11 Days After Hitting $8.5m Presale Funding Target MIND of Pepe AI agent is coming to X — May 10th 🔥
We’re proud to announce that MIND of Pepe, our autonomous AI agent, goes live on May 10th.
This isn’t a trading bot. MIND is a purpose-built intelligence system that ingests and cross-validates real-time data from across the… pic.twitter.com/rEuMsWKLu8
— MIND of Pepe (@MINDofPepe) April 23, 2025
MIND Of Pepe (MIND) is the latest AI agent to hit the market and is gaining massive traction within the community. Having just raised $8.5m in early-stage funding, the MIND team has announced the full launch of its AI Agent for May 10.
It will first launch on X and will be capable of spotting trends such as the increase in sentiment around dog-themed meme coins. The AI agent would have likely spotted the move for BONK, potentially calling it for MIND holders, before it made its 75% move to the upside.
Utilizing cutting-edge AI technology, MIND of Pepe will live on X, engaging and absorbing key information to pass along alpha, signals, and the emergence of new narratives directly to MIND holders.
Due to its advanced AI models and autonomous intelligence, MIND of Pepe isn’t merely another trading tool. Instead, it’s a live, sentient crypto wizard built to navigate the markets in real-time to benefit the community.
MIND is still available via its presale, selling for $0.0037 per token. Less than 15 hours remain before the next price stage increase. Any investment prior to the May 10 launch of the AI agent will be a smart one, as once X users can see for themselves the power of MIND of PEPE, its price will likely skyrocket as everyone wants access to its data.
Stay up-to date with the MIND of Pepe community on X and Telegram.
Visit The MIND Of Pepe Website Here
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Dog-themed coins are pumping following news of a DOGE Memorial Event in May FLOKI and BONK are two of the strongest meme coin performers in April The owner of Kabosu, the original DOGE dog, announced a memorial event for Kabosu who died last May Mind Of Pepe launches its AI agent on May 10 and will help holders spot big moves and trends before they take place #Presales
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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.
3 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.
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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%.
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SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
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The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
3 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
Uniswap founder Hayden Adams has submitted his first-ever governance proposal in the protocol’s history, titled “UNIfication.” The plan seeks to activate protocol fees, introduce a UNI-burning mechanism, and realign incentives across the ecosystem.
The announcement boosted investor confidence. Following Adams’ announcement, Uniswap’s native token, UNI, surged to a two-month high.
The UNIfication Proposal ExplainedThe UNIfication proposal from Adams, on behalf of Uniswap Labs and the Uniswap Foundation, seeks to make Uniswap the leading decentralized exchange. The plan activates protocol fees that will be used to burn UNI tokens, making it a deflationary asset.
At launch, fees will apply to Uniswap v2 and major v3 pools on Ethereum. For v2, liquidity providers (LPs) will earn 0.25% per trade, with 0.05% allocated to the protocol. For v3, governance will collect one-fourth or one-sixth of the liquidity provider fees, based on the fee tier.
The proposal calls for a burn of 100 million UNI from the Uniswap treasury as a retroactive burn. This represents the amount that might have been burned if fees had been active since the protocol’s start.
“Unichain launched just 9 months ago, and is already processing ~$100 billion in annualized DEX volume and ~$7.5 million annualized sequencer fees. This proposal directs all Unichain sequencer fees, after L1 data costs and the 15% to Optimism, into the burn mechanism,” the proposal reads.
The introduction of Protocol Fee Discount Auctions enables users and liquidity providers to bid for fee-free trading periods. This innovation aims to benefit liquidity providers and maximize protocol value. Aggregator hooks will allow Uniswap v4 to act as an on-chain aggregator, collecting protocol fees from external liquidity sources.
Governance and Structural ChangesBesides fee activation and burning, the UNIfication proposal overhauls Uniswap’s structure. Uniswap Labs will cease collecting fees on its app, wallet, and API, and will instead use the funds to fuel protocol growth and adoption.
The plan also shifts Foundation employees to Labs under a growth fund supported by the treasury. This move aims to unify the ecosystem and speed up protocol expansion. Governance-owned Unisocks liquidity will transfer to v4 on Unichain, then the liquidity position will be burned.
The proposal still requires approval from the Uniswap community before changes can take effect. The governance process will take around 22 days, including a 7-day comment period, a 5-day snapshot vote, and a 10-day on-chain execution window.
Adams emphasized the proposal’s importance in his announcement on X. He highlighted the regulatory hurdles Uniswap Labs faced, noting the significant legal costs. The regulatory environment’s recent evolution now supports this shift in governance.
“UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today!” he said.
Market Response and UNI Price ActivityAfter Adams’ announcement, UNI’s price pumped. It reached a high of $10 in early Asian trading hours. This level was last seen in September.
At the time of writing, the altcoin traded at $9.43. This represented an appreciation of 41.7% over the past day.
Uniswap (UNI) Price Performance. Source: BeInCrypto MarketsThis reaction highlights investor confidence in Uniswap’s new direction. Token burns play a crucial role in shaping a cryptocurrency’s long-term value.
By permanently removing tokens from circulation, the supply decreases, potentially increasing scarcity. When demand remains steady or grows, as often happens with successful ecosystem expansions, this scarcity can exert upward pressure on price.
“Uniswap could go parabolic if the fee switch is activated. Even just counting v2 and v3, with $1 trillion in YTD volume, that’s about $500 million in annual burns if volume holds. Exchanges hold $830 million, so even with unlocks, a supply shock seems inevitable. Correct me if I’m wrong,” CryptoQuant CEO Ki Young Ju stated.
However, some community members have voiced concerns about insider advantages and potential conflicts of interest. Critics questioned whether early investors could have positioned themselves ahead of the announcement and how the proposal might affect existing equity holders.
Uniswap is once again making headlines in the DeFi sector after Hayden Adams, founder and CEO of Uniswap Labs, announced a major governance proposal to activate protocol fees and align incentives across the Uniswap ecosystem. The announcement sent shockwaves through the market, with UNI’s price surging more than 50% in the hours following the news — reflecting renewed optimism among investors and traders.
In a post shared on X, Adams reflected on Uniswap’s evolution: “Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading.”
Since UNI’s launch in 2020, Uniswap Labs has been largely unable to meaningfully participate in governance, constrained by regulatory pressures that Adams said cost “thousands of hours and tens of millions in legal fees.” Now, with the regulatory environment shifting, those limitations appear to be easing.
Inside Hayden Adams’ Vision to Reshape Uniswap’s Future In his new governance proposal, Uniswap founder Hayden Adams outlined a sweeping plan to overhaul how the protocol operates, distributes value, and aligns incentives across its ecosystem. “At a high level,” Adams explained, the proposal seeks to activate protocol fees and direct them toward UNI burns, creating a sustainable mechanism for value accrual.
The plan also includes sending Unichain sequencer fees to the UNI burn, further tightening the token’s supply, and burning 100 million UNI from the treasury, representing the fees that could have been burned if the mechanism had been active since launch. Another major component introduces Protocol Fee Discount Auctions, a new feature designed to improve liquidity provider (LP) outcomes and capture MEV (miner extractable value) directly for the protocol.
Adams also proposes “aggregator hooks” for Uniswap v4, turning it into an on-chain aggregator capable of collecting fees from external liquidity sources — a move that could expand Uniswap’s reach across the DeFi ecosystem. Beyond these technical changes, the proposal redefines the role of Uniswap Labs, directing it to focus exclusively on protocol growth and governance-aligned initiatives, while ending fee collection on its interface, wallet, and API to encourage wider adoption.
Uniswap Aggregator Hooks | Source: Uniswap Finally, the plan would merge Foundation employees into Labs under a new growth fund and move governance-owned Unisocks liquidity to v4 on Unichain, where it would be burned.
However, not everyone sees this as purely bullish. Some analysts argue the move reflects growing pressure from rivals like Aerodrome Finance, whose rapid ecosystem expansion has drawn liquidity away from Uniswap. From this perspective, the proposal may represent both a bold strategic pivot and a defensive play to reassert Uniswap’s dominance in a fast-evolving DeFi landscape.
UNI Price Analysis: Massive Breakout Follows Governance Proposal Uniswap’s native token, UNI, posted a powerful rebound following Hayden Adams’ governance proposal, with price action reflecting a decisive change in sentiment. As seen on the 3-day chart, UNI surged nearly +50%, climbing from around $5.80 to a local high above $10.30 before stabilizing near $8.20 at the time of writing. The spike came alongside a sharp rise in trading volume, indicating strong market participation and renewed investor confidence.
UNI testing critical resistance | Source: UNIUSDT chart on TradingView Technically, UNI’s breakout has reclaimed both the 50-day and 100-day moving averages, suggesting a potential shift in momentum after months of bearish consolidation. However, the 200-day moving average near the $9.50–$10.00 zone remains a critical resistance level to watch. A clean break above it could open the door for a continuation toward the $12–$14 range, where UNI last faced heavy distribution.
The volume profile highlights significant accumulation pressure beneath $6, aligning with long-term support tested multiple times since mid-2024. While the market may see short-term retracement following such a sharp move, the combination of bullish fundamentals and structural recovery on the chart suggests UNI could be entering a new medium-term accumulation phase — with its next trajectory likely tied to community approval of the newly proposed protocol fee activation.
Featured image from ChatGPT, chart from TradingView.com
Ethereum depends on mining or “proof-of-work,” meaning that individual users competitively contribute computing power to validate blocks and transactions. They also earn ETH in the process.
Though Bitcoin originally introduced mining, it is increasingly hard to profit from Bitcoin mining. As a result, Ethereum mining has become a compelling alternative for crypto users, especially for mainstream computer components.
Before getting started, it’s important to consider costs, profits, and requirements.
Ethereum’s Mining Algorithm Ethereum currently uses a mining algorithm called Ethash.
For practical purposes, this simply means that Ethereum is moderately ASIC-resistant. ASICs built specifically for Ethereum mining will not perform much better than high-end, general purpose GPUs. This also means that ASICs built for Bitcoin mining will not mine Ethereum efficiently.
Ethereum’s mining algorithm may change in the future. Developers are debating whether to introduce ProgPOW, which could give Ethereum ASICs less of an advantage over GPUs. Whether you plan to mine with a GPU or an ASIC, you’ll need to purchase a device before you start.
Device Profitability Efficient mining devices have a high hashrate (MH/s), meaning that they will solve calculations quickly and earn more ETH. Energy efficiency (W) is also important, as power bills cut into profits.
Several high performance GPUs are commonly used right now:
GTX TitanV 8, 656 MH/s, 2150W, selling at ~$3000 RTX 2080 8, 552 MH/s, 2430W, selling at ~$800 GTX 1080Ti 8, 440 MH/s, 2150W, selling at ~$1000 RTX 2080 Nvidia GPU There are also a few high-performance Ethereum ASICs on the market, including:
Innosilicon A10 Ethmaster, 485 MH/s, 850W, ~$5650.00 Innosilicon A10 Ethmaster, 365 MH/s, 650W, price unknown Bitmain Antminer E3, 180MH/s, 760W, ~$1260, may become obsolete in Oct. 2020 A10 ETH miner by Innosilicon Upcoming ASIC models include:
Zhejiang Microcomputer V10, 2200 MH/s, 1500W, price unknown Linzhi, 1400 MH/s, 1000W, price unknown The top-performing devices yield daily revenue of $5.00 to $9.00 as of April 2020. Taking into account energy costs, profits for the same devices yield net profits between $3.00 to $6.00.
Profits and revenue are subject to change based on fluctuating ETH prices and personal electricity costs. Up-to-date information can be calculated on sites like F2Pool, CryptoCompare, or WhatToMine.com.
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Upfront Costs Though higher hashrates offer greater revenue, it is important to consider upfront costs, depreciation, and electricity efficiency. It may take years to recover the initial “price tag” cost of any device, whether it is a GPU or an ASIC.
Unfortunately, ASICs can become obsolete quickly. If developers decide to change Ethereum’s mining protocol, an ASIC may even become useless. Even if developers do not make a deliberate change, ASIC manufacturers may have trouble providing up-to-date firmware, as seen with Bitmain’s Antminer E3.
Unlike ASICs, GPUs can always be resold, because they are useful for gaming and system performance in general. Constant mining can cause GPUs to wear out without proper maintenance and cooling, which can greatly reduce their resale value—but they are usually easier to resell than ASICs since they can be put to other uses outside of mining.
It is also possible to mine Ethereum with low-end, past-generation, or integrated GPUs. However, the profit margin may be very small, and electricity costs may cause you to lose money overall. As such, it’s important to know your cost of electricity before getting started.
Gradual Changes Ethereum’s mining protocol and network is changing gradually, and those changes affect profits. On a positive note, Ethereum’s total hashrate has declined since November 2018, meaning that Ethereum mining is less competitive in a relative sense.
However, mining rewards have also fallen. In February 2019, Ethereum’s Constantinople hard fork reduced block rewards from 3 ETH to 2 ETH, making mining less profitable in absolute terms. It’s likely to continue to decrease.
Similarly, a “difficulty bomb,” which will make it harder to mine each block, may be set off soon, though it has been delayed in several recent updates including January 2020’s Muir Glacier upgrade.
These two changes are meant to discourage mining and make way for staking. Ethereum 2.0 will introduce staking, but it has been delayed continually and will not replace mining entirely at first—meaning that Ethereum mining should remain viable for quite some time.
Pool Mining “Solo mining” is unlikely to discover a block, meaning that individual miners must join a pool. Mining by yourself may mean waiting months, or even years, before getting a payout.
As part of a mining pool, you will share profits with other miners and pay fees. Though this will reduce your rewards slightly, usually amounting to 0.2-2%, you will also earn rewards on a much more regular basis.
The largest pools include Sparkpool, Ethermine, F2pool, and Nanopool:
Via Etherchain.org Each pool has slightly different fees, payout models, and payment thresholds. Typically, fees are around 1%, and you will need to earn roughly 0.1 ETH before cashing out. However, even with these restrictions it’s usually worth it to have more consistent earnings.
You’ll also need to install mining software and configure it according to your mining pool’s instructions. Ethminer, CGMiner, Claymore, Geth, and Phoenix Miner are all popular and freely available. Be sure to download from an official or reputable website to avoid phishing scams.
Cloud Mining Ethereum Instead of buying your own ASIC or GPU, it’s also possible to rent Ethereum hashpower from a remote provider. NiceHash, Genesis Mining, Minergate, CCG Mining, and IQ Mining all provide this service.
Cloud mining has some appeal: you don’t need to maintain or set up your hardware, pay electricity costs, or consider how many hours per day you will spend mining. You simply need to buy a contract.
Unfortunately, cloud mining services are not as transparent or accountable as mining pools. You will need to pay up front—which is a risk, as cloud services may go out of business or improperly manage their funds. NiceHash, for example, recently declared that it is unable to repay victims of an attack.
Though there are many vocal critics of cloud mining services, they remain fairly popular. However, in general, it’s near-impossible to earn consistent profits through cloud mining. The only way to earn money through mining is by maintaining an efficient machine with affordable hardware and a low cost of electricity.
Altcoin Mining Ethereum is not the only Ethash-based coin. It is also possible to mine Ethereum Classic, QuarkChain, Ellaism, Expanse, EtherGem, Ubiq, Ether-1, Dubaicoin, Callisto, EtherSocial, and Metaverse. These altcoins provide the opportunity for even larger profits.
Though it is possible to mine the most profitable Ethash coin at any given moment, Ethereum is generally the most profitable option. Fortunately, you are not limited to Ethash-based coins. Dual miners like Claymore allow you to mine Ethereum alongside non-Ethash coins like Decred or Siacoin. This can increase profitability.
Predicting which altcoins will rise in price is another strategy. However, this is extremely difficult, and if it were possible, it may be more efficient simply to buy those counts when prices are low. Nevertheless, mining altcoins is a good way to build a position in altcoins without having to buy them from sometimes dubious cryptocurrency exchanges.
In Summary Ethereum mining is a viable option, especially when compared to Bitcoin mining. Advantages include:
Reasonably high profits GPU mining support, at least for high-end GPUs Several coins to mine and dual mining support Plenty of mining pools to choose from There are also some negative qualities:
High upfront costs for GPU and ASIC devices Uncertainty around the future of ASIC miners Rising difficulty and falling block rewards Staking may replace mining in the next few years In all, mining is a great way to better understand cryptocurrency and gain valuable technical know-how. If done correctly, it’s possible to earn consistent profits while building a portfolio of cryptocurrency holdings.
Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.
Conflux Network and AutoStaking have formed a strategic alliance that combines AutoStaking’s intelligent yield optimization technology with Conflux’s powerful Layer-1 infrastructure. They aim to develop creative solutions that will expand the relationship between traditional commerce and decentralized finance.
Combining AI Intelligence and Blockchain Scalability AutoStaking makes DeFi simplified with an AI-based wealth manager that can design positions like no other investor’s strategy that would be tailored towards your risk tolerance and deposit choices. Unlike the traditional aggregators, its AI agents simplify the choice of protocols, rebalance a portfolio on a constant basis, and make transactions, which is more efficient and risk averse. This enables the user to access diversified and audited protocols and auto-compounding vaults without having to manually navigate.
The platform is further enhanced by the Conflux Network, utilizing a distinctive Tree-Graph consensus algorithm. Conflux is unique with its combination of PoW and POS into one converged system. This hybrid approach is what enables it to work at an incredible 3000 transactions per second and still have very low latency. This massive combo of AI and a massively scalable blockchain system contributes to a safe and high-speed universe for seamless wealth management automation.
Redefining Low-Cost Cross Border Payments The collaboration is focusing on efficient cross-border payments and that is a timely question in modern-day finance. Traditional payment systems face challenges like elevated fees, sluggish transaction times, and limited accessibility. This partnership leverages AutoStaking’s innovative AI optimization alongside the robust payment infrastructure of the Conflux web3 wallet, delivering consumer-friendly payment experiences that are effortlessly seamless and accessible, even for those without technical expertise, all thanks to the advantages of DeFi.
Conflux’s stablecoin initiatives, such as the offshore yuan-backed CNHT0 and USDT0, establish the foundation for this payment layer. The LayerZero OFT integrated Omnichain stablecoins launched in November 2025 that enables cross-chain transfers between Ethereum and Conflux to occur without any hassles, and at a much lower transaction fee.
AutoStaking The one-click migration feature of AutoStaking by innovative technology of chain abstraction enables the easy transfer of investments from one protocol to another. With the user-friendly applications of Conflux, it allows its way to everyday users who wish to take part in sophisticated financial strategies without having to confront complex blockchain interactions.
Accelerating the Convergence of the Traditional and Decentralized Finance The strategic alliance represents the acceleration of the convergence of traditional trade and decentralized finance. AutoStaking solves two common DeFi problems: a complex interface and demanding portfolio management. AI can make it easier for you to manage tedious tasks so that you don’t have to focus on them when working on strategic projects. In addition, Conflux’s partnerships and regulatory compliance will give you the level of trust in your operations and management that will enable you to operate as a traditional business does.
Recent developments have considerably increased the impact that can be made from this partnership. At the end of October 2025, Conflux team successfully hard forked its v3.0 release to make their ecosystem more RPC, storage and compatibility friendly. This upgrade came with the addition of more than 10 new partnerships in the spheres of DeFi, AI governance, gaming, and Web3 payroll.
Conclusion The purpose of the collaboration is to facilitate access to high-end financial tools but maintain the access security and efficiency that Blockchain technology provides. This alliance is focused on developing a more accessible decentralized financial system with AI-powered optimization and regulatory-compliant high-performance blockchain infrastructure. It is intended to serve the crypto-native as well as mainstream consumers coming to Web3.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
KiloEx, a decentralized exchange (DEX) that focuses on a fast, secure, and user-friendly perpetual futures trading platform, has unveiled its landmark integration with Conflux Network, a Layer-1 blockchain famous for its strong position in stablecoin and payment infrastructure. The core purpose of this partnership is to build seamless, stablecoin-powered payment solutions that finance daily.
KiloEx is thrilled to announce a strategic partnership with @Conflux_Network ! 🔗✨
🔥 Get ready for a powerhouse collaboration! 🔥
🚀 This exciting alliance merges KiloEx's cutting-edge trading experience with Conflux's robust Layer-1 infrastructure, which is transforming… pic.twitter.com/WuJDdYhKm9
— KiloEx (@KiloEx_perp) February 6, 2026 KiloEx has established its reputation in the market as the premier trading platform, renowned for its fast, secure, and user-friendly infrastructure. On the other side, Conflux Network is also a renowned platform for providing more unique and innovative payment infrastructure and stablecoin development. KiloEx has released this news through its official social media X account.
Expanding DeFi Trading into Stablecoin-Powered Payments The alliance of KiloEx and Conflux Network provides an easy opportunity for advancing trading with decentralized finance (DeFi) expertise by utilizing the specialties of both platforms. Basically, they are going to expand the utility across DeFi, stablecoins, and real-world payments. This combination is much more helpful for users due to the advanced technology being used in the payment transactions.
The goal of this unification is to expand DeFi trading experiences by exploring stablecoin-powered payment solutions for better and compliant customer payment flows across the globe. Moreover, this opportunity is open and available for all, not restricted to only crypto-native users.
KiloEx and Conflux Network Create Secure, User-Friendly DeFi Payment Pathways The collaboration of KiloEx and Conflux Network is much more beneficial and productive for the entire world’s users. It is the best opportunity and a nice effort by both platforms for connecting DeFi trading with real-world payment utility.
In short, they are trying to sort out the daily life problems of users with a quick and secure pathway, along with proper guides. Both platforms are well aware of advanced technology and its functionality in this modern world.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Conflux Network, a highly regulated high-performance Layer-1 public blockchain for Decentralized Applications (dApps), is pleased to announce the happy news of its native token ($CFX) listing on Kraken, one of the world’s longest-standing, most liquid, and protected cryptocurrency platforms. This listing elaborates on the main purpose of expanding global regulated access to $CFX, along with enhancing liquidity with fast and low-cost stablecoin payments.
Kraken is also among the fastest cryptocurrency exchanges and has a specific place in the market with user satisfaction. Millions of institutions, professional trader and consumers are being facilitated by the Kraken exchange all over the world.
We hit a new milestone!@krakenfx has officially announced the listing of Conflux Network’s native token, CFX.
The listing represents an important step in Conflux’s expansion across regulated global markets.https://t.co/ukuOJF0b7U
In addition to the CFX listing, Kraken now…
— Conflux Network Official (@Conflux_Network) February 6, 2026 This listing phenomenon gives benefits to both Conflux Network and the exchange itself. This can also help in expanding the access of Conflux Network to international markets. Conflux Network has revealed this news through its official social media X account.
Conflux Strengthens Global Market Reach Through Kraken Listing The listing of $CFX helps users to seamlessly deposit and withdraw $USDT through the Conflux Network. The core purpose is to make the pathway smooth for easy and seamless transfers across border blockchains with a highly protected system. On the other hand, Kraken aids empower $CFX’s global liquidity, price discovery, and market transparency, enhancing access especially for institutional and retail markets worldwide.
There is an urgent need for up-gradation of regulatory clarity with meaningful and to-the-point solutions. So, the combination of any certain native token with a famous exchange definitely matters a lot in expanding access to blockchain’s long-term viability and visibility. Moreover, this development improves the global price discovery for assets within the Conflux ecosystem.
Conflux Advances User-Centric Payments and On-Chain Services The successful listing of $CFX on Kraken is playing a pivotal role in empowering cross-border payment and on-chain financial services for user satisfaction. Conflux has continued to strengthen its stablecoin infrastructure via Kraken’s support for $USDT deposits and withdrawal opportunities through the involvement of Conflux Network.
This native $USDT helps to minimize the hurdle for users to access on-chain applications for better efficiency. From another perspective, this listing pays a firm a basic fee for the ongoing growth of the Conflux PayFi ecosystem. All in all, this struggle is sowing the strong roots of development for crypto users all over the world.
Being successful for any project needs smooth real-world payment, cross-border facilitation of transactions, and on-chain financial services. Conflux is playing its best role in these matters with full attention.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Conflux [CFX] has surged over 12% in the past 24 hours as trading volume exploded more than 570%, signaling a sharp return of market participation.
Such synchronized expansion in price and activity has reflected renewed trading interest around the asset.
As buyers re-enter the market, CFX has pushed higher from recent lows and has started reclaiming key technical levels.
Importantly, rising activity across spot markets has indicated that the move does not reflect isolated volatility but broader participation.
Channel breakout signals shifting market structure CFX has spent several months trading inside a clear descending channel that consistently guided lower highs and declining price pressure.
Recently, however, buyers have stepped in near the $0.044 support region and initiated a strong rebound from that defensive level.
The recovery has gradually pushed price upward until the asset finally broke above the upper boundary of the descending channel.
Such structural breaks often signal weakening bearish control. Because the breakout emerged alongside stronger buying activity, traders increasingly view the move as an early shift in market structure.
Directional Movement Index readings have begun showing clear signs that buyer pressure is strengthening across the market.
The +DI line climbed above the –DI line at press time, indicating that bullish forces currently dominate recent price movement.
At the same time, the ADX value rose to around 25.98, reflecting strengthening trend intensity rather than fading activity. CFX now advances toward the $0.070 resistance zone, which has historically acted as a strong pivot.
If buyers maintain pressure near current levels, this reclaimed structure could support further upside exploration.
Source: TradingView Exchange outflows hint at tightening supply Spot flow activity has revealed persistent negative exchange netflows, indicating that CFX continued to leave trading platforms. The latest recorded netflow has shown roughly –$39.38K, reinforcing the ongoing outflow trend visible across recent weeks.
Such movement usually reflects investors transferring tokens into private wallets or long-term storage. Since fewer tokens remain on exchanges, available sell-side liquidity gradually decreases.
As supply on trading venues tightens, price movements often respond more aggressively to new buying pressure. In addition, the sustained nature of these outflows suggests that holders currently prefer accumulation rather than distribution.
Source: CoinGlass Derivatives traders increase positioning around CFX Open Interest has jumped nearly 41.99%, climbing to approximately $30.93M. Such rapid expansion often indicates that fresh capital has entered derivatives markets instead of traders simply closing existing positions.
Because Open Interest rises alongside price recovery, many participants appear to position for continued directional movement. At the same time, growing leverage activity increases sensitivity to future volatility.
As new contracts accumulate, even moderate price movements can trigger larger reactions in derivatives markets.
Source: CoinGlass Could CFX sustain this breakout? CFX now trades above its descending channel while buying pressure strengthens and exchange supply continues declining.
With derivatives activity expanding and price approaching the $0.070 resistance zone, the market currently reflects growing bullish conviction.
If buyers maintain control above the recent breakout level, the ongoing recovery could extend further as traders increasingly position for additional upside.
Final Summary Conflux’s breakout reflects strengthening buyer conviction as market structure shifts away from prolonged bearish pressure. Expanding trading participation suggests growing confidence, which could support continued recovery if demand persists.
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.
3 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.
3 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%.
3 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
3 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
3 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
Conflux Capital, a provider of automated digital asset solutions, today announced the expansion of its quantitative trading framework designed to provide institutional-grade stability for BTC and ETH portfolios. As digital asset markets experience increased volatility, the platform’s data-driven models offer a technical alternative to manual portfolio management.
In response to shifting market dynamics, Conflux Capital’s suite of quantitative strategies aims to assist users in navigating uncertainty through algorithmic risk mitigation. By prioritizing objective data over speculative trends, the platform has become a focal point for investors seeking a structured approach to digital asset allocation.
The current market environment underscores the importance of sophisticated management tools. The model is designed to lower technical barriers while providing a scalable environment for long-term platform engagement. The use of automated, value-oriented technology represents a critical step in modern digital asset management.
A New Standard in Digital Asset Infrastructure: Conflux Capital provides a proactive alternative to traditional “buy and hold” strategies. By leveraging short-term digital strategies, the platform allows users to deploy computing resources efficiently, reducing the need for constant manual market oversight.
Key Platform Features include:
Automated Execution: Once a strategy is initiated, proprietary algorithms manage operations autonomously, with performance metrics updated in the user interface daily. User-Centric Flexibility: The platform supports seamless transfers to private digital wallets, ensuring user autonomy. Enterprise-Grade Security: Asset environments are protected by a multi-layered security framework, including integrations with McAfee and Cloudflare. Global Scalability: Conflux Capital’s infrastructure currently supports over 3 million users across 195 countries and regions. Diverse Asset Compatibility: The platform provides technical support for a wide range of assets, including XRP, DOGE, SOL, BTC, ETH, LTC, USDC, USDT, BNB, and BCH. Streamlined Platform Integration: The Conflux Capital ecosystem is built for operational efficiency, allowing users to engage with the technology through a three-step process:
Account Registration: Secure onboarding is completed in under one minute. Strategy Selection: Users choose from tiered service plans—ranging from entry-level modules to institutional-grade scaling—based on duration and technical requirements. Automated Oversight: Upon activation, intelligent algorithms handle execution, providing a hands-off operational experience. About Conflux Capital
Founded in 2023 and headquartered in London, Conflux Capital is a licensed digital asset service provider. The company specializes in professional value-enhancement through advanced trading strategies, intelligent algorithms, and automated cryptocurrency solutions. By providing a 24/7 automated environment, Conflux Capital enables global users to optimize their digital asset allocations through technology-driven discipline.
Official Website: https://confluxcapital.com
Mobile Application: https://confluxcapital.com/download/
Conflux Capital announced the upgrade of its automated AI-driven trading engine, introducing enhanced management capabilities for Bitcoin and Ethereum investment portfolios. The update reflects the company’s focus on improving efficiency and stability in automated cryptocurrency trading through advanced algorithmic models and data analysis.
AI-Driven Quantitative Trading in Crypto Investment
As AI-driven cryptocurrency trading and algorithmic technologies continue to develop, traditional investment methods based on manual decision-making are increasingly supplemented by data-driven models. Conflux Capital has developed an automated trading system that integrates real-time market data, price volatility analysis, and liquidity monitoring.
The system is designed to identify market trends and execute buy and sell orders based on predefined parameters, supporting more structured investment processes. It is intended for use by both institutional participants and individual users seeking automated approaches to digital asset management.
Automated Trading Systems Enhance Returns and Risk Control
In the current Bitcoin and Ethereum investment landscape, risk control has become a critical factor. Conflux Capital’s fully automated quantitative trading robot system achieves the following advantages through preset strategies and dynamic adjustment mechanisms:
24/7 Automated Trading: No manual monitoring required; the system runs continuously. Intelligent Risk Management: Automatically controls position sizing and stop-loss strategies. High-Frequency Data Analysis: Rapidly responds to market changes. Stable Return Model: Optimizes long-term investment performance. Compared to traditional “Buy and Hold (HODL)” strategies, quantitative trading emphasizes the combination of short-term opportunity capture and long-term compound growth.
A Global Crypto Investment Platform
Conflux Capital, a technology service provider specializing in quantitative cryptocurrency trading platforms, is continuously expanding its global influence. The platform supports multiple mainstream digital assets, including BTC and ETH, and is also compatible with popular cryptocurrencies such as USDT, USDC, BNB, SOL, and XRP.
Its system architecture is designed specifically for high-concurrency trading environments, meeting the needs of global users for automated investment and intelligent asset management.
Simplified Process, Lowered Barrier to Entry
To enable more users to participate in automated cryptocurrency trading, Conflux Capital offers a simplified process: Quickly register an account (users can register to receive a $20 bonus and a stable daily income of $0.80)
User Access and Platform Process
Users can select a quantitative trading strategy and activate the automated trading system through a simplified process. The platform is designed to minimize procedural complexity, enabling users to initiate trading operations without extensive setup requirements.
Leading the Future: The AI + Blockchain Investment Ecosystem
With the deep integration of blockchain technology and artificial intelligence, intelligent quantitative trading is becoming a crucial development direction in digital finance. Conflux Capital’s continuous innovation reflects the industry’s trend towards automation, datafication, and intelligence.
In the future, as the market expands and technology advances, quantitative trading platforms will play an even more critical role in crypto asset management, providing global investors with more efficient and transparent solutions. Users can join now and receive a $20 welcome bonus.
More information:
Users can visit the official website: https://confluxcapital.com and download the application: https://confluxcapital.com/download/
XAUt0 is now live on Conflux, expanding omnichain access to tokenized gold within one of Asia’s most strategically connected blockchain ecosystems.
With this deployment, XAUt0 joins USDT0 on Conflux, expanding the network’s access to the broader USDT0 Network asset suite. Together, these deployments allow Conflux’s builders and users to tap into two of the world’s most widely used monetary assets in a way that is borderlessly accessible and endlessly composable.
As the omnichain deployment of Tether Gold (XAUt), XAUt0 is built to unify gold-backed liquidity across multiple blockchains using LayerZero’s OFT standard. Each XAUt0 token maintains the same exposure to physical gold as XAUt while allowing balances to move seamlessly across chains without relying on wrapped assets or fragmented liquidity pools.
With XAUt0 available on Conflux, the ecosystem can now support:
Seamless value movement between ecosystems using omnichain gold liquidity
Gold-backed collateral within lending markets and structured financial products
New payment and settlement models that incorporate tokenized commodities
Cross-chain trading strategies that integrate gold exposure alongside stablecoins and other digital assets
This expansion fits naturally within Conflux’s broader role in the global blockchain ecosystem. As the only public, permissionless network with regulatory approval for use in China, Conflux sits at the intersection of regional financial infrastructure and global onchain markets. With XAUt0 now available, the Conflux community can incorporate tokenized gold directly onchain wherever the action is.
Expanding Conflux’s Omnichain OfferingsWith XAUt0 now live on Conflux, the network gains access to a more diversified set of omnichain assets. Alongside USDT0’s unified dollar liquidity, XAUt0 introduces tokenized gold that can move seamlessly across supported chains. This allows builders to combine two of the most widely trusted monetary assets within a single cross-chain liquidity environment.
Stablecoins provide the transactional backbone of most of today’s major onchain markets, while gold’s reliability as a safe haven asset has outlasted entire civilizations. By unlocking the omnichain deployment of both assets, Conflux can support financial applications that are more resilient to shifting market conditions while remaining connected to a deep, composable source of omnichain liquidity.
Road Town, British Virgin Islands, April 9th, 2026, Chainwire
Today, USDT0, the unified liquidity network for Tether’s US dollar-pegged stablecoin (USDT), announces XAUt0, the omnichain deployment of Tether Gold (XAUt), is now live on the Conflux Network, expanding access to tokenized gold within one of Asia’s most strategically connected blockchain ecosystems.
With this launch, XAUT0 joins USDT0 on Conflux, giving developers and users access to both dollar-denominated stablecoin liquidity and gold-backed digital assets within the same omnichain environment. Together, these assets allow builders across the Conflux ecosystem to work with two of the world’s most widely trusted forms of money in a borderless, programmable format.
“As tokenized assets continue to move onchain, access to trusted monetary instruments becomes increasingly important,” said Lorenzo Romagnoli, Co-Founder of USDT0 and XAUt0. “By bringing XAUt0 to Conflux, we’re expanding the reach of tokenized gold and enabling developers to integrate a historically trusted store of value directly into cross-chain financial applications.”
XAUt0 extends the functionality of Tether Gold by allowing balances to move seamlessly across supported blockchains using LayerZero’s Omnichain Fungible Token (OFT) standard. Each XAUt0 token maintains the same exposure to physical gold as XAUt while enabling transfers between chains without relying on wrapped tokens or fragmented liquidity pools.
With XAUt0 available on Conflux, the ecosystem can now support a range of new use cases, including:
Seamless value movement across ecosystems using omnichain gold liquidity Gold-backed collateral for lending markets and structured financial products Payment and settlement models incorporating tokenized commodities Cross-chain trading strategies combining gold exposure with stablecoins and other digital assets The launch aligns with Conflux’s position as a bridge between Asian markets and global blockchain infrastructure. As the only public, permissionless blockchain with regulatory approval for use in China, Conflux plays a unique role connecting regional financial innovation with the broader onchain economy.
“With XAUt0 joining USDT0 on Conflux, our ecosystem gains access to a diversified set of omnichain assets that developers can build around,” said Yuanjie Zhang of Co-founder and COO of Conflux Network. “Tokenized gold alongside stablecoin liquidity opens the door for new financial applications that combine stability, liquidity, and global accessibility.”
Stablecoins have become the transactional backbone of many onchain markets, while gold has served as a trusted store of value for centuries. By enabling both assets to move seamlessly across blockchain networks, Conflux is positioning itself as a platform where developers can build financial applications that remain resilient across changing market conditions while tapping into deep, unified liquidity.
For more information, users can visit gold.usdt0.to or follow USDT0 on Twitter @USDT0_to.
About USDT0
USDT0, the unified liquidity network for USDT, simplifies cross-chain movement without fragmented pools or complex bridges. As the unified gateway for USDT interoperability and expansion, USDT0 simplifies cross-chain liquidity, enhances accessibility, and unlocks new use cases for Tether holders, businesses, and DeFi platforms. With a focus on efficiency and scalability, USDT0 is redefining how USDT operates across networks. For more information, users can visit USDT0.to or follow on Twitter @USDT0_to.
About Everdawn Labs
Everdawn Labs is a premier software development consultancy, specializing in crafting bespoke software solutions that drive innovation, efficiency, and growth in the digital asset ecosystem. Everdawn Labs manages and operates USDT0, the unified liquidity network for Tether (USDT), XAUt0, the omnichain deployment of Tether Gold (XAUt), and contributes to the development of Alloy by Tether, a USD-denominated Tethered Asset backed by gold. For more information, users can visit everdawn.to.
About Conflux Network
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security.
Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives. For more information, users can visit confluxnetwork.org
[PRESS RELEASE – Road Town, British Virgin Islands, April 9th, 2026]
Today, USDT0, the unified liquidity network for Tether’s US dollar-pegged stablecoin (USDT), announces XAUt0, the omnichain deployment of Tether Gold (XAUt), is now live on the Conflux Network, expanding access to tokenized gold within one of Asia’s most strategically connected blockchain ecosystems.
With this launch, XAUT0 joins USDT0 on Conflux, giving developers and users access to both dollar-denominated stablecoin liquidity and gold-backed digital assets within the same omnichain environment. Together, these assets allow builders across the Conflux ecosystem to work with two of the world’s most widely trusted forms of money in a borderless, programmable format.
“As tokenized assets continue to move onchain, access to trusted monetary instruments becomes increasingly important,” said Lorenzo Romagnoli, Co-Founder of USDT0 and XAUt0. “By bringing XAUt0 to Conflux, we’re expanding the reach of tokenized gold and enabling developers to integrate a historically trusted store of value directly into cross-chain financial applications.”
XAUt0 extends the functionality of Tether Gold by allowing balances to move seamlessly across supported blockchains using LayerZero’s Omnichain Fungible Token (OFT) standard. Each XAUt0 token maintains the same exposure to physical gold as XAUt while enabling transfers between chains without relying on wrapped tokens or fragmented liquidity pools.
With XAUt0 available on Conflux, the ecosystem can now support a range of new use cases, including:
Seamless value movement across ecosystems using omnichain gold liquidity Gold-backed collateral for lending markets and structured financial products Payment and settlement models incorporating tokenized commodities Cross-chain trading strategies combining gold exposure with stablecoins and other digital assets The launch aligns with Conflux’s position as a bridge between Asian markets and global blockchain infrastructure. As the only public, permissionless blockchain with regulatory approval for use in China, Conflux plays a unique role connecting regional financial innovation with the broader on-chain economy.
“With XAUt0 joining USDT0 on Conflux, our ecosystem gains access to a diversified set of omnichain assets that developers can build around,” said Yuanjie Zhang of Co-founder and COO of Conflux Network. “Tokenized gold alongside stablecoin liquidity opens the door for new financial applications that combine stability, liquidity, and global accessibility.”
Stablecoins have become the transactional backbone of many on-chain markets, while gold has served as a trusted store of value for centuries. By enabling both assets to move seamlessly across blockchain networks, Conflux is positioning itself as a platform where developers can build financial applications that remain resilient across changing market conditions while tapping into deep, unified liquidity.
For more information, users can visit gold.usdt0.to or follow USDT0 on Twitter @USDT0_to.
About USDT0
USDT0, the unified liquidity network for USDT, simplifies cross-chain movement without fragmented pools or complex bridges. As the unified gateway for USDT interoperability and expansion, USDT0 simplifies cross-chain liquidity, enhances accessibility, and unlocks new use cases for Tether holders, businesses, and DeFi platforms. With a focus on efficiency and scalability, USDT0 is redefining how USDT operates across networks. For more information, users can visit USDT0.to or follow on Twitter @USDT0_to.
About Everdawn Labs
Everdawn Labs is a premier software development consultancy, specializing in crafting bespoke software solutions that drive innovation, efficiency, and growth in the digital asset ecosystem. Everdawn Labs manages and operates USDT0, the unified liquidity network for Tether (USDT), XAUt0, the omnichain deployment of Tether Gold (XAUt), and contributes to the development of Alloy by Tether, a USD-denominated Tethered Asset backed by gold. For more information, users can visit everdawn.to.
About Conflux Network
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security.
Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities, including Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives. For more information, users can visit confluxnetwork.org.
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.
2 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.
2 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%.
2 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
2 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
2 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
Conflux [CFX] was among the highest gainers in the past 24 hours with an 11% price surge. The altcoin’s daily trading volume surpassed $75 million as its market cap neared $400 million.
Here are the details as to how the daily rally unfolded:
Conflux shatters range consolidation The price action of Conflux broke a multi-month descending trendline resistance at the start of March. This resistance had been in place since July 2025.
Since then, it has entered a sideways consolidation phase that has lasted for more than two and a half months.
A lower timeframe chart showed Conflux also broke out of the sideways-range market. The range was characterized by two horizontal levels at $0.04709 and $0.06823. A confirmation came through a retest of the $0.07 zone.
Consequently, CFX surged to around $0.08 as the price traded above the 100 EMA. The MACD bars indicated bullish strength, with the signal lines showing a positive direction.
Source: CFX/USDT on TradingView Furthermore, there was a capital inflow, as seen in the Chaikin Money Flow (CMF). The CMF reading was at 0.04, from the negative territory of 0.27.
With the altcoin’s breakout, more upside could be anticipated if the price stays above $0.07. However, CFX appears to be pulling back following this rally.
That said, what specific network activity metrics were behind this move?
Chain activity fueling price breakout Liquidity was growing on the network because its stablecoin market cap increased from $2,008 to $5.24 million in 18 days. In terms of weekly growth, the stablecoin market cap rose by 18.61%.
Additionally, the app revenue increased by almost 6x in two days. On May 12, the revenue was $23, reaching $138 at the time of writing. Despite the massive increase, these figures were very low compared to other blockchains.
Source: DefiLlama Moreover, the transaction count per day reached a new high since April. The total transactions spiked to 28,198 from 11,634 during this surge. This represented a 2.5x surge.
New users were starting to come back after months of inactivity. As per Confluxscan, the number continues increasing, with users growing from 29 to 118 this month.
Source: CONFLUXscan In short, apart from the technical breakout, chain activities were also responsible for this surge. Consistency in the network and buyer activity could help keep this breakout alive. Still, there was a need to be wary of corrections that happen in uptrends.
Final Summary Conflux surged 11% after breaking out from a sideways range market, confirmed with a retest at the $0.07 zone. Conflux’s network activity, like transaction count, app revenue, stablecoin market cap, and user growth, drove the rally.
PANews reported on May 16 that Digital Asset Clearing Center (DACC), a tokenized financial market infrastructure, announced the completion of a $10 million strategic financing round. Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower were among the investors. DACC currently provides end-to-end "Clearing-as-a-Service" to financial institutions, and the new funding will support its efforts to build a compliant financial settlement and clearing infrastructure.
