After one of the steepest sell-offs in crypto history, digital assets have begun to recover. A renewed wave of buying has lifted both memecoins and major tokens, driven by easing tensions between the U.S. and China and a rebound in overall market sentiment.
In brief Memecoin market cap jumps to $68.8B, with Dogecoin, WIF, and PENGU leading double-digit gains. Bitcoin recovers to $115,227 after flash crash; major altcoins like ETH and SOL also rally. Arjun Vijay calls the crash a “temporary glitch,” driven by cascading liquidations and leverage. Analysts say the correction cleared excess leverage, setting the stage for a stronger market rebound. Top Memecoins Surge as Crypto Market Recovers from Massive Selloff Memecoins staged a sharp recovery on Monday as crypto markets bounced back from one of the worst liquidation events in recent history. The sector’s total market capitalization climbed to $68.8 billion, up 12.6% on the day, according to market data.
Here’s how the top memecoins performed during the session:
Dogecoin (DOGE) jumped 11.9% to trade at $0.21, leading the memecoin rebound. Dogwifhat (WIF) posted the strongest gain, soaring 18.4% in 24 hours. Pudgy Penguins (PENGU) followed closely with a 17.5% surge as traders returned to riskier assets. Pepe (PEPE) also advanced, climbing 13.2% amid renewed market momentum. Bonk (BONK) rose 15.3%, extending its strong performance from last week. Shiba Inu (SHIB) added 9.4%, rounding out the memecoin sector’s broad recovery. The strong performance across memecoins reflected a renewed appetite for risk following last week’s market turmoil.
Friday’s selloff wiped out nearly $20 billion in digital asset positions, with Bitcoin (BTC) plunging from $121,000 to as low as $109,000 in a single day. By Monday morning, BTC had recovered to $115,227, up 2.9%, while major altcoins also rallied—Ethereum (ETH) rose 8.4%, BNB (BNB) gained 12.2%, and Solana (SOL) added 8.7%.
Arjun Vijay Calls Flash Crash a ‘Temporary Glitch’ as Memecoins Lead the Comeback Arjun Vijay, the founder of the crypto exchange Giottus, said the rebound was expected following the recent “flash crash.” He explained that cascading liquidations drove the previous drop and that high-risk assets, such as memecoins, typically recover the fastest during market rebounds.
The flash crash was a temporary glitch and was caused by the cascading liquidations, and everyone was expecting a rebound. During the rebound, the riskiest assets and those that crashed the most are expected to rebound the maximum. So it is no surprise that people are betting on memecoins, and this is leading to a virtuous cycle.
Arjun Vijay The crash was triggered by President Donald Trump’s announcement of a “massive increase” in tariffs on Chinese imports, as well as the cancellation of a planned meeting with President Xi Jinping.
Predictably, the move sparked fears of renewed trade tensions, sending global markets lower and fueling liquidations across crypto exchanges. However, sentiment improved over the weekend.
Crypto Correction Clears Excessive Leverage, Paving Way for Stronger Market A spokesperson for China’s Ministry of Commerce accused the United States of unfair trade actions and excessive export controls. Later, Trump struck a more conciliatory tone on Truth Social, saying the U.S. aims to support rather than harm China.
Prediction markets on Myriad still assign only a 9% chance of Trump visiting China before the end of the year, reflecting lingering uncertainty.
Despite the volatility, market participants say the correction could ultimately strengthen the crypto ecosystem. Charmaine Tam, head of OTC sales and trading at Hex Trust, called the event “a healthy reset.”
Tam noted that the recent market drop helped clear excessive leverage from the system, describing it as a constructive correction that could strengthen the market over time. She added that institutional infrastructure remained stable throughout the volatility. With Bitcoin’s dominance staying below 60.5%, altcoins may now be positioned to lead as liquidity returns.
As risk appetite improves and geopolitical concerns ease, memecoins appear to be at the forefront of the recovery—once again proving their ability to capture momentum when markets turn.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
In brief Australian crypto traders are diversifying their portfolios beyond Bitcoin, anonymized Kraken wallet data reveals. Ethereum makes up 33% of Australian wallets, nearly double the global average of 19%, while Solana and meme coins appear more often in Australian portfolios. Kraken’s Jonathon Miller says Australia’s “speculative streak” reflects culture as much as strategy. Australians appear to be trading on curiosity and culture as much as conviction, according to a new analysis by crypto exchange Kraken.
The company’s latest wallet report, based on an anonymized dataset covering millions of wallets between August 2024 and August 2025, shows Australians leaning heavily toward Ethereum and smaller tokens while reducing exposure to Bitcoin and older altcoins.
For the average Australian wallet, Ethereum takes up roughly 33% of the cache, nearly double the global ratio of 19%. Bitcoin remains the most commonly held digital asset, with more than 36% of Australian users holding some BTC compared to about 34% globally, per Kraken’s findings.
Yet by value, Bitcoin accounts for a smaller share of local portfolios, with the average BTC balance at AU$17,409, well below the global average of AU$29,830.
Those numbers suggest Australian crypto holders are taking broader bets across decentralized finance and alternative ecosystems, spreading risk across newer assets rather than concentrating in Bitcoin.
Kraken attributes the shift to the country being “more densely populated with professional traders than other regions” it operates in.
Australia’s “speculative streak”But the trend’s underlying character, says Jonathon Miller, Kraken’s managing director for Australia, might be more about consumer psychology.
Kraken’s report shows Australians are a bit more likely than global users to hold Solana (13.79% vs. 11.93%), which spawns meme coins faster than other chains, owing to the popularity of so-called meme coin factories such as PumpFun.
Australian crypto investors are also significantly more engaged in meme coins such as WIF, PEPE, BONK, and FARTCOIN, than the global average, the Kraken findings show.
Miller attributes this to the Australian “larrikin spirit” at work: a cultural disposition toward irreverence and play, though one that some might read as proof of the market’s immaturity.
“I think it's fair to say Australians have always had a bit of a speculative streak, we're willing to have a go,” Miller told Decrypt.
When it comes to crypto investing, such an attitude could translate into a “readiness to engage with new and unconventional assets,” he added.
“Aussie culture and sense of humour may play into our propensity to engage with meme coin offerings just as much as potential gains. Many see these tokens as a low-stakes way to engage with crypto communities and trends,” he said.
That said, Miller cautioned against making generalizations. "It's always a bit dangerous to try to extrapolate things like user intentions from the cold data of average wallet analysis,” he said.
In May, figures for global adoption were published by crypto exchange Gemini, showing that most meme coin owners also hold Bitcoin and Ethereum.
Some 31% of U.S. holders bought meme coins before going after other larger cap assets. Australian meme coin buyers ranked second for the same stat by a narrow margin.
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Bullish WIF price prediction for 2025 is $1.398 to $2.735. dogwifhat (WIF) price might reach $5 soon. Bearish WIF price prediction for 2025 is $0.305. In this dogwifhat (WIF) price prediction 2025, 2026-2030, we will analyze the price patterns of WIF by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
dogwifhat (WIF) Current Market StatusWhat is dogwifhat (WIF)?dogwifhat (WIF) 24H TechnicalsDOGWIFHAT (WIF) PRICE PREDICTION 2025
dogwifhat (WIF) Support and Resistance Levelsdogwifhat (WIF) Price Prediction 2025 — RVOL, MA, and RSIdogwifhat (WIF) Price Prediction 2025 — ADX, RVIComparison of WIF with BTC, ETH DOGWIFHAT (WIF) PRICE PREDICTION 2026, 2027-2030CONCLUSIONFAQ dogwifhat (WIF) Current Market Status Current Price $0.3720 24 – Hour Price Change 0.42% Up 24 – Hour Trading Volume $104.19M Market Cap $371.54M Circulating Supply 998.83M WIF All – Time High $4.85 (On Mar 31, 2024) All – Time Low $0.00002344 (On Nov 21, 2023) WIF Current Market Status (Source: CoinMarketCap) What is dogwifhat (WIF)? TICKERWIFBLOCKCHAINSolanaCATEGORYMeme coinLAUNCHED ONNovember 2023 With a market cap of around $4 billion, Dogwifhat (WIF) is now the third biggest meme coin after DOGE and SHIB – a feat it achieved within four months of its launch. The project’s success is attributed to its catchy meme concept of a dog wearing a hat.
Additionally, WIF’s rise has also positively impacted Solana’s recovery, as investors had to buy SOL to convert it into WIF. Further, the community’s ambitious fundraising campaign to display their meme on the Las Vegas Sphere raised nearly $700,000.
WIF 24H Technicals dogwifhat (WIF) ranks 112nd on CoinMarketCap in terms of its market capitalization. The overview of the WIF price prediction for 2025 is explained below with a daily time frame.
WIF/USDT Ascending Triangle Pattern (Source: TradingView) In the above chart, dogwifhat (WIF) laid out a Ascending Triangle pattern The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs, indicating a consistent level of resistance, and a lower trendline that connects the rising lows, reflecting increasing buying pressure.
As the price approaches the apex of the triangle, the tension between buyers and sellers intensifies. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern, often leading to further gains. Traders typically look for confirmation of the breakout, which can enhance the likelihood of a successful upward move.
At the time of analysis, dogwifhat (WIF) was recorded at $0.3720. If the pattern trend continues, then the price of WIF might reach the resistance levels of $1.323 and $2.697. If the trend reverses, then the price of WIF may fall to the support levels of $1.002 (breached) and $0.643.
dogwifhat (WIF) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of dogwifhat (WIF) in 2025.
WIF/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of dogwifhat (WIF) for 2025.
Resistance Level 1$1.398Resistance Level 2$2.735Support Level 1$0.755Support Level 2$0.305WIF Resistance & Support Levels dogwifhat (WIF) Price Prediction 2025 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of dogwifhat (WIF) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current dogwifhat (WIF) market in 2025.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.930
Price = $1.073
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions52.971
<30 = Oversold
50-70 = Neutral
>70 = OverboughtNeutralRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume dogwifhat (WIF) Price Prediction 2025 — ADX, RVI In the below chart, we analyze the strength and volatility of dogwifhat (WIF) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of dogwifhat (WIF).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum28.963Weak TrendRelative Volatility Index (RVI)Volatility over a specific period58.72
<50 = Low
>50 = HighHigh Volatility Comparison of WIF with BTC, ETH Let us now compare the price movements of dogwifhat (WIF) with those of Bitcoin (BTC) and Ethereum (ETH).
BTC Vs ETH Vs WIF Price Comparison (Source: TradingView) From the above chart, the price action of WIF is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of WIF decreases; if the price of BTC and ETH decreases, the price of WIF increases.
dogwifhat (WIF) Price Prediction 2026, 2027 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of dogwifhat (WIF) between 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish Pricedogwifhat (WIF) Price Prediction 2026$7$0.2dogwifhat (WIF) Price Prediction 2027$9$0.1dogwifhat (WIF) Price Prediction 2028$11$0.09dogwifhat (WIF) Price Prediction 2029$13$0.08dogwifhat (WIF) Price Prediction 2030$15$0.07 Conclusion If dogwifhat (WIF) is a good investment in 2025, this year would favor the cryptocurrency. In conclusion, the bullish dogwifhat (WIF) price prediction for 2025 is $2.735. If unfavorable sentiment is triggered, the bearish dogwifhat (WIF) price prediction for 2025 is $0.305.
If the market momentum and investors’ sentiment elevate positively, dogwifhat (WIF) might hit $5. Furthermore, with future upgrades and advancements in the dogwifhat ecosystem, WIF might surpass its current all-time high (ATH) of $4.85 and mark its new ATH.
FAQ 1. What is dogwifhat (WIF)? Dogwifhat is a meme coin on the Solana blockchain featuring a dog wearing a hat, becoming the third-largest meme coin post-launch.
2. Where can you buy dogwifhat (WIF)? Traders can trade dogwifhat (WIF) on the following cryptocurrency exchanges such as Binance, Bybit, Bitget, and more
3. Will dogwifhat (WIF) record a new ATH soon? With the ongoing developments and upgrades within the dogwifhat platform, dogwifhat (WIF) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of dogwifhat (WIF)? dogwifhat (WIF) hit its current all-time high (ATH) of $4.85 on Mar 31, 2024.
5. What is the lowest price of dogwifhat (WIF)? According to CoinMarketCap, WIF hit its all-time low (ATL) of $0.00002344 on Nov 21, 2023.
6. Will dogwifhat (WIF) hit $5? If dogwifhat (WIF) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be the dogwifhat (WIF) rice by 2026? dogwifhat (WIF) price might reach $7 by 2026.
8. What will be the dogwifhat (WIF) price by 2027? dogwifhat (WIF) price might reach $9 by 2027.
9. What will be the dogwifhat (WIF) price by 2028? dogwifhat (WIF) price might reach $11 by 2028.
10. What will be the dogwifhat (WIF) price by 2029? dogwifhat (WIF) price might reach $13 by 2029.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
In brief Pudgy Penguins characters are currently appearing on the outside of the Las Vegas Sphere. The activation follows the Dogwifhat meme coin community failing to accomplish the same earlier this year. The Pudgy Penguins campaign doesn't spotlight its crypto elements, which include NFTs and a meme coin. Pudgy Penguins will wrap the Las Vegas Sphere for Christmas after debuting on the glowing venue on Tuesday.
The crypto-native brand's recent announcement sent some traders into a meltdown, as the community behind Solana meme coin Dogwifhat (WIF) failed to advertise on the venue earlier this year despite raising $700,000 in an attempt to do so—funds the team later refunded to contributors.
A Sphere spokesperson previously told Decrypt that it would only accept crypto advertising from exchanges or in relation to Bitcoin. Despite this, the Dogwifhat backers announced in January that they were set to appear at the Las Vegas venue.
For that reason, a Sphere representative told Decrypt that they were “distressed” that the Dogwifhat team was using their name for “fraudulent purposes.”
So, how can Pudgy Penguins—a brand that started as an NFT profile picture collection, has created a Solana meme coin called PENGU, helped launch an Ethereum layer-2 network, and more—advertise on the Sphere?
“This activation celebrates specifically our physical products, like toys, animations, and merch. It has nothing to do with the crypto side of our business,” Vedant Mangaldas, director of strategy and comms at Pudgy Penguins, told Decrypt. “We fully realize Sphere’s guidelines on crypto-related things.”
Prior to Tuesday's rollout, a Sphere spokesperson confirmed to Decrypt that Pudgy Penguins would wrap the Sphere, and that its crypto policy has not changed, as this activation specifically relates to physical products.
This means that during the seven-day wrap, the Pudgy Penguins NFTs, the Pengu meme coin, or any other crypto-related ventures will not be mentioned on the Sphere. Instead, the exosphere animation focuses on the cartoon creatures that drive the brand, and briefly mentions the availability of merchandise.
Pudgy Penguins ventured into the world of physical products in 2023 and started being stocked in Walmart. As of February 2024, the Pudgy Toys line had racked up $10 million in sales, less than a year after the collection debuted. The brand has seen similar success with its social media content and library of GIFs, which have seen considerable reach without obvious crypto connections.
“We have 2 million followers on Instagram, and, you know, I would say 90% of them probably don't know that crypto exists. It celebrates that side of the spectrum,” Mangaldas explained. “When you get a billion views on GIFs, I would assume that a majority of them don't know that we're a crypto company. And I think that's the beauty of Pudgy Penguins.”
It was actually really easy, only took 3 minutes to set up.
— Pudgy Penguins (@pudgypenguins) December 13, 2025
Still, it wasn’t an easy path to wrapping the Sphere, despite a joking jab on social media at Dogwifhat Sphere organizer Ansem that it only took three minutes to set up.
Instead, a source familiar with the deal told Decrypt that conversations with the Sphere started in early 2024. Those discussions started to get serious this year as the Pudgy Penguins brand established itself more outside of crypto.
It then took months for animators to craft the content, which is now plastered on the exosphere of the towering venue and seen far and wide from around Las Vegas. A source familiar with the activation told Decrypt that Pudgy Penguins is hoping to produce a hugely viral moment from an animation that lasts just a minute.
Pudgy Penguins is expected to have paid up to $600,000 to wrap the Sphere for seven days, a source familiar with the matter told Decrypt. As cartoon penguins decorate the outside of the Sphere, the inside of the venue is hosting screenings of “The Wizard of Oz.”
Editor's note: This story was updated after publication to correct Mangaldas' title.
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Memecoins regained some traction as the broader crypto market staged a modest recovery. As of writing, dogwifhat [WIF] rose about 13% over the past 24 hours.
Despite the bounce, underlying metrics showed the memecoin remained locked inside a prolonged consolidation range.
WIF tests wedge resistance The price action charts for dogwifhat [WIF] in the daily timeframe indicated a clear picture. The memecoin has been trading inside a massive multi-month wedge pattern since May last year.
Despite WIF having momentum, as seen from the indicator readings, its price was struggling to break out of the 7-month correction.
The Stochastic Momentum Index (SMI) was at 41, suggesting overbought conditions. However, the signal was bullish, as the SMI was above the signal line, which was at 11.8.
Source: TradingView Additionally, the Chaikin Money Flow (CMF) showed that traders were pumping capital into the memecoin. This was evident as two whales purchased more than $2.50 million in WIF tokens over the past 48 hours.
Such activity suggests that a breakout from the consolidation could be a matter of time. Still, that did not rule out continued price tightening inside the wedge pattern.
Funding rates turn green as OI spikes Derivative data showed improving sentiment among leveraged traders. Funding Rates turned positive across most venues.
Hyperliquid, Binance, OKX, BitMEX, and WOO X recorded positive Funding Rates. Bybit and Kraken remained marginally negative.
Source: Coinalyze Furthermore, Open Interest (OI) spiked from a low of $55 million to almost $100 million at the time of writing. Binance had the highest OI among all exchanges, which accounted for about $35 million, which was $3 million more than that on Bybit.
The result was positive for WIF, further increasing the chances of a breakout. However, the activity of spot holders challenged this potential breakout.
Holders selling their WIF tokens That said, the WIF price was rising, but trading activity was alarming. The number of holders grew slightly to around 247,849, according to Solscan data.
What was worrying was the fact that these holders were selling their tokens.
As per Dune Analytics data, the reading of Buys vs. Sells from the transaction count was at negative 91. This meant there was more buying than selling, which challenged the looming breakout.
Source: Dune Analytics Altogether, the sentiment was mixed, though there was more alignment toward bullishness than bearishness. Still, selling could derail price appreciation.
Final Thoughts WIF’s setup reflected a familiar tension between improving derivative sentiment and hesitant spot participation. If leverage continues building without spot confirmation, volatility may increase near resistance.
The “risk-on” signal is back. You can see it everywhere, but nowhere is it louder than in the resurgence of the meme coin sector. As Bitcoin takes a breather after its recent rallies, capital is aggressively sliding further out on the risk curve, chasing high-beta returns in assets like Dogecoin (DOGE), Pepe (PEPE), and dogwifhat (WIF). We’ve seen this movie before: liquidity cycles from Bitcoin to Ethereum, then to altcoins, and finally to meme assets. It’s the classic signal of a maturing bull run where retail FOMO starts outrunning institutional accumulation.
But this cycle feels different. While the appetite for speculative assets is returning, sophisticated investors aren’t just buying “animal coins” blindly. The data points to a growing demand for infrastructure plays that can actually support the insane volume these tokens generate. The bottleneck? Bitcoin itself. It holds the liquidity ($1+ trillion of it), but it lacks the speed to host the vibrant DeFi and meme ecosystems thriving on Solana or Base.
That gap has created a massive vacuum in the market. Traders want the security of Bitcoin’s network but demand the snap-execution speed of Solana. Naturally, capital is flowing toward solutions that bridge this gap—moving away from pure speculation toward utility-driven protocols. Leading this infrastructural shift is Bitcoin Hyper, a protocol built to finally bring high-performance execution to the Bitcoin network.
Bitcoin Hyper Integrates SVM to Solve Bitcoin’s Liquidity Trap While the hunt for the best meme coins dominates headlines, the real problem has been staring us in the face: Bitcoin can’t participate in the “degen economy.” Its base layer is secure, sure—but it’s also notoriously slow and expensive. That makes it unsuitable for the high-velocity trading required by meme coin markets and DeFi apps. Bitcoin Hyper addresses this by deploying the first-ever Bitcoin Layer 2 powered by the Solana Virtual Machine (SVM).
Why does this architecture matter? Simple: it fundamentally changes the value proposition of Bitcoin assets. By integrating the SVM, Bitcoin Hyper allows for sub-second transaction finality and negligible fees, effectively porting Solana’s user experience over to Bitcoin’s massive capital base. For developers, this means the ability to build sophisticated dApps, swap platforms, and meme coin launchpads using Rust, all while anchoring state to Bitcoin’s L1 for settlement.
The implications here are huge. Right now, billions in Bitcoin capital remain dormant because holders lack viable yield-generating opportunities or fast trading venues native to the ecosystem. By unlocking this liquidity through a decentralized canonical bridge, Bitcoin Hyper positions itself not just as another token, but as the transactional engine for the next wave of Bitcoin-native assets. With a modular design separating execution (SVM) from settlement (Bitcoin L1), the old distinction between “store of value” and “medium of exchange” is starting to look obsolete.
Visit the Bitcoin Hyper Official Site
Whales Accumulate $HYPER as Presale Breaches $31 Million Smart money positioning is often the best leading indicator we have, and on-chain metrics for Bitcoin Hyper suggest high-conviction accumulation is already underway. According to the official presale page, the project has successfully raised $31,228,293.92, a figure that underscores significant institutional interest before the token even hits public exchanges. With the token currently priced at $0.0136751, early entrants are positioning themselves before the protocol fully deploys its mainnet capabilities.
Digging into the granular data, we see specific high-net-worth behavior. Etherscan records show that two whale wallets have scooped up $116K in recent transactions. The heavy hitter? A single transaction of $63K executed on Jan 15, 2026. This type of accumulation during a presale typically signals that large-scale investors are hedging against the volatility of standard meme coins by betting on the infrastructure that will likely host them.
It’s not just about raw capital inflows, though. Retention mechanics play a huge role. Bitcoin Hyper offers high APY opportunities with immediate staking available post-TGE (Token Generation Event). Plus, the inclusion of a 7-day vesting period for presale stakers—and rewards for governance participation—aligns incentives properly. This reduces the likelihood of the immediate “dump” often seen in lower-quality projects. For investors navigating the return of risk appetite, Bitcoin Hyper represents a leveraged bet on the convergence of Bitcoin security and Solana speed.
Check Bitcoin Hyper Presale Details
Disclaimer: The content provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and presale tokens carry inherent risks. Always conduct your own due diligence before making any investment decisions.
Key Takeaways Risk-On Shift: Global liquidity is rotating from Bitcoin into high-beta sectors, waking up the meme coin market. Infrastructure Focus: Smart money is prioritizing Layer 2 protocols that enable high-frequency trading on secure networks rather than just buying speculative tokens. Best of Both Worlds: Bitcoin Hyper uses the Solana Virtual Machine (SVM) to bring high-speed smart contracts to the Bitcoin ecosystem. Institutional Interest: Significant whale activity and over $31 million raised in presale suggest strong confidence in Bitcoin L2 solutions.
PANews reported on March 6 that, according to an official announcement, based on the recent review, Binance will add watch tags to more tokens and remove the watch tags and seed tags of the corresponding tokens on March 6, 2026.
The following tokens have been added to the watch list: Contentos (COS), Dego Finance (DEGO), Ampleforth Governance Token (FORTH), FUNToken (FUN), Hooked Protocol (HOOK), Loopring (LRC), MOBOX (MBOX), Orchid (OXT), and dogwifhat (WIF). The token whose watchlist tag has been removed is Flow (FLOW). The following tokens have had their seed tags removed from the leaderboard: Ondo (ONDO) and Virtuals Protocol (VIRTUAL).
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The memecoin sector rebounded by more than 4% as volume jumped by 51% in line with the broader crypto market. Top-cap memecoins spearheaded the rally, with dogwifhat [WIF] surging by 12%, making it one of the top ten gainers in the past 24 hours.
Other memecoins that recorded similar or more gains were Pepe [PEPE], Fartcoin [FARTCOIN], and SPX6900 [SPX]. This indicated a broader recovery, but what really drove WIF’s price?
Is leverage behind WIF’s daily surge? The daily percentage surge was equal to the weekly gains. The numbers were improving as the narrative to classify memecoins as “digital collectibles” rather than securities by the SEC and CFTC gained pace.
The derivatives data showed that the Long/Short Ratio was buyer-dominated, as the readings were above 1. This showed traders were buying more than selling, with those on Binance leading with 1.3359, followed by OKX at 1.14.
For Top Traders, the ratio for Accounts was 1.6151, while the ratio for Positions was 1.4804, indicating that smart money, along with retail traders, was buying the dogwifhat meme coin.
Source: CoinGlass Additionally, the Open Interest (OI), Funding Rates, and volume were increasing. The OI jumped to $105 million, more than the volume, which was at $75 million.
The OI-Weighted Funding Rate was green over the past two days with a reading of 0.0051%. This indicated the market’s leverage was still adjusting, with buyers adding more risk.
Source: CoinGlass Such a reading suggested that leverage could be behind the daily surge in price alongside a bullish market structure.
WIF facing resistance at a previous high On the charts, WIF was rising as it respected an ascending trendline that had held the price since the 11th of March. This was after a lower high that was at $0.223, the price target if WIF surpasses the $0.20 zone.
Right now, WIF bulls are battling to break past $0.20, with some seemingly taking profits. This is evident as Cumulative Volume Delta (CVD) has shifted to red.
The net token change dropped from a high of 5.63 million WIF tokens bought to now about 1.17 million tokens being sold.
Interestingly, the Money Flow Index (MFI) was still indicating capital was flowing into the memecoin, though momentum had cooled off. The MFI reading was at 61.
Source: WIF/USDT on TradingView With that in mind, only staying above the $0.20 zone could put WIF on a path toward $0.223. Reclaiming the $0.223-$0.230 zone would shift the market structure on the daily chart to bullish.
Final Summary dogwifhat jumps 12% as leverage on longs, volume, OI and Funding Rates jump. WIF is moving towards $0.23, but this can only happen if it stays above $0.20.
Solana-based meme coin dogwifhat (WIF) price has surged more than 25% in the past few hours with massive trading volumes. This comes following the WIF listing by South Korea’s largest crypto exchange amid bullish momentum in the broader crypto market.
Upbit Announces Dogwifhat Listing South Korea’s largest crypto exchange Upbit revealed plans to list dogwifhat, according to an official announcement on May 6. This has sparked massive reactions within the crypto community.
The token is now available for trading in KRW, BTC, and USDT pairs, opening it to a massive new audience in one of the world’s most active crypto markets. Users can start trading WIF at 16:00 KST today.
Upbit listings have historically acted as a catalyst for meme coins, providing liquidity, visibility, and massive buying pressure. The crypto exchange pointed out that deposits and withdrawals are supported only on the Solana network.
“Please be sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than the listed networks are not supported,” Upbit said.
WIF Price Jumps More Than 25% WIF price has broken key trendline and resistance levels, climbing from around $0.19 to highs near $0.25. Dogwifhat price action shows strong bullish momentum, with the token outperforming many peers in the meme coin sector.
WIF price is currently trading at $0.241, with a massive more than 416% jump in trading volume. Solana-based meme coins are also rising today as the community moves to capitalize on the Upbit listing announcement.
JUST IN: $WIF (dogwifhat) surges 25.4%, driven by its listing on Upbit. pic.twitter.com/thO8oaei5h
— CoinGecko (@coingecko) May 6, 2026
The derivatives market showed massive buying in the last few hours, as per CoinGlass data. At the time of writing, the total WIF futures open interest has surged almost 50% to $160.96 million in the past 24 hours.
The 4-hour dogwifhat futures open interest was up more than 37%. Notably, WIF futures OI on Binance, OKX, and Bybit climbed more than 48%, 49.50%, and 72%, respectively. However, traders must keep an eye on potential profit booking after the sharp rise.
If you’re looking to buy meme coins amid recent upside momentum in the broader crypto market, check out our top dog-themed meme coins recommendations list.
Recently, the altcoin market has been performing fairly well, with memecoins among the top gainers. For instance, dogwifhat [WIF] rose by more than 26% in the past 24 hours, coming in third among the top 200 coins by market cap.
On that note, what was really behind this meteoric rise of the memecoin, and can the breakout be sustained?
Why is WIF up today? The expansion into the largest crypto exchange in the Asian market mainly drove the surge in the price of WIF.
According to a post by Upbit Korea, they will support WIF trading on pairs that include KRW, BTC and USDT. This led to high speculative trading, with the memecoin rising over 44% at the time of listing.
Source: X The daily trading volume of WIF jumped over 300%, reaching $220 million. This affirmed the high trading activity, which further reflected the on-chain activities of whales.
As per Solscan, whales have been accumulating WIF immensely, with orders between $100K and $1 million dominating. Over 300 holders were added after the Upbit listing.
For whales buying WIF worth between $1 million and $10 million, more than seven transactions were made in a day.
Source: Solscan Furthermore, the token TVL increased from $5.225 million to $5.829 million.
From the data, it was quite evident that capital was flowing into the memecoin. These figures explained why WIF was pumping, but can these whales keep the memecoin strong?
Looking at the price action of WIF, the memecoin broke above April’s high of $0.225. This was a key resistance level.
Hence, it indicated a break of structure on the 2-hour timeframe after two weeks of consolidation between $0.175 and $0.200.
Momentum indicators are also showing strength in the uptrend, even though it was retracing. The On-Balance Volume (OBV) rose from -600 million to -500 million. These figures indicated a reduction in sell orders.
However, after the price hit $0.28, sellers returned and pushed back. Since then, the gains have been reduced from 44% to 26%, a sign of profit-taking.
Going forward, staying above April’s high could mean the start of a new trend. Still, the memecoin is down over 95% from an all-time high of $4.86.
Source: WIF/USDT on TradingView Therefore, if whales continue accumulating, WIF might hold above the breakout level. Otherwise, the memecoin would drop back into the range that had confined it for more than a month.
Final Summary dogwifhat surged 26% after its listing on Upbit, with daily trading volume increasing by more than 300%. WIF broke above the previous month’s high of $0.225, but the price action is retracing.
Crypto traders who built sizing rules around dogwifhat’s 2024 run are starting to put $WADZ on the watchlist with the clock running on its launch window. Wadoozie, an Ethereum-native memecoin under the $WADZ ticker, is days away from a CertiK-audited fair launch on May 27, 2026, and the WIF cohort that learned how memecoin entries work the hard way last cycle is the cohort scanning this one early. If you traded dogwifhat through its surge, the move on this one is to at least watch the launch — before launch is when the verifiable parameters are still cheap to study.
What WIF traders are reading on the contract The trader-relevant parameters are public ahead of launch. Wadoozie is an ERC-20 on Ethereum mainnet. 75% of total supply is committed to a DAO-governed locked LP, locked at the moment of launch. The tax is 0% on buys and 0% on sells. The contract is renounced. The team’s allocation is locked for twelve months on a separate schedule that is also on-chain verifiable.
In trading terms, that combination removes a list of standard memecoin entry risks the WIF era taught the average rotation trader to look for: hidden mint functions, sell taxes that decay over time, ungated team unlocks, mid-cycle LP pulls. None of those vectors are open on $WADZ by design.
Long-tail watch: dogwifhat alternative on Ethereum For traders thinking explicitly about a dogwifhat alternative on Ethereum — a question that has been showing up in WIF community channels for months — Wadoozie is the cleanest current candidate that has both an audit and a real distribution model behind the launch, rather than just a vibes-only ticker.
How the May 27 Ethereum memecoin fair launch window actually opens Fair-launch mechanics matter for traders because they define what the first hour looks like. With 75% of supply seeded directly into the locked LP at launch and 0/0 tax on both sides, the depth and slippage profile of the pool at minute one is what most traders will be modelling. The remaining supply is allocated across audited buckets — a community-recovery pool, a publishers and creator-rewards pool, and a small treasury — none of which are dumpable into the LP without the on-chain locks expiring first.
Beyond the launch window, the project’s 48-state U.S. tour gives the calendar a shape that compressed memecoin cycles usually don’t have. Eight narrative Acts open in Austin and close in New Orleans before continuing into Europe. Each state activates as a node, with seven Signal Fragments placed in the field per state — four Common, one Uncommon, one Rare, one Legendary — and per-tier payouts of 15,375, 46,125, 153,750, and 461,250 $WADZ flowing to community recoverers. The total community-recovery distribution lands at 34,686,000 $WADZ across the 48 states, which is a non-trivial percentage of supply moving into hands that did real work for it rather than into farm wallets.
For traders who tracked the WIF cycle for tradable cadence, that calendar of activation events is the closest analogue to the kind of rolling on-chain milestones that historically held attention longer than a single launch event ever could.
Verification before the gate closes Before sizing any position, the relevant pre-launch checks are public. The token is CertiK-audited on Skynet, the Coinsult audit is published separately, and the contract address 0x8a73…5d72 is live on Etherscan with a CoinMarketCap listing already in place. None of the launch parameters — 75% LP locked, 0/0 tax, renounced contract, twelve-month team lock, fair launch on May 27 — are claims that can’t be verified directly from the contract page.
For WIF traders, the read on Wadoozie is straightforward enough: the launch is structured to be inspectable. Whether to act on that inspection is a separate question. The window to do it before the gate closes is the part that matters now.
About Wadoozie Wadoozie is a narrative-driven Ethereum memecoin — $WADZ, ERC-20, fair-launching May 27, 2026 with 75% of supply in a DAO-governed locked LP, 0/0 tax, contract renounced, team locked 12 months, and a CertiK audit — built around a 48-state U.S. tour structured as 8 narrative Acts opening in Austin and closing back in New Orleans, then continuing into Europe. When the tour bus arrives at a state, the node activates and seven physical Signal Fragments are placed in the field — four Common, one Uncommon, one Rare, one Legendary, with every state guaranteed at least one Legendary — recoverable on the ground through clues surfaced on the live stream and the state’s node page; whoever finds a fragment redeems it for $WADZ at fixed per-tier payouts of 15,375 / 46,125 / 153,750 / 461,250 tokens, distributing 34,686,000 $WADZ directly to community recoveries across the 48 states. The story is the product. The token coordinates it.
Links Website: https://wadoozie.com Etherscan (contract): https://etherscan.io/token/0x8a730da6d4f483917a53072d9a8e5eef4b105d72 CertiK Skynet (audit): https://skynet.certik.com/projects/wadoozie CoinMarketCap (listing): https://coinmarketcap.com/currencies/wadoozie/ Disclaimer This document is for informational purposes only and does not constitute investment advice, an offer, or a solicitation. Cryptocurrency assets carry risk, including total loss of principal. Readers should conduct their own research and consult qualified advisors before making any decisions. All launch parameters are subject to final smart contract implementation, third-party audit, and on-chain deployment, and will be published at launch.
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
As a rising player in the decentralized finance (DeFi) space, Aevo stands out with a strong focus on options and perpetual trading, offering a decentralized derivatives exchange. Supported by the Aevo Layer 2 network, which is an Ethereum $1,663 roll-up based on the OP Stack, the platform aims to provide users with efficient and cost-effective trading solutions. In this article, you’ll find answers to many questions such as what is AEVO, what is AEVO coin, and how to buy AEVO coin, which Binance has announced as its 48th Launchpool project.
Aevo aims to build a DeFi super app, starting with derivatives trading, as part of its inclusive mission. With a comprehensive product suite, including Perpetual Trading, Pre-Launch Trading, and Options Trading across more than 60 markets, Aevo meets the needs of investors and traders who wish to trade derivatives.
Aevo’s technical infrastructure is supported by the Aevo Exchange, operating on the Aevo Layer 2 network. This Ethereum roll-up utilizes the OP Stack while using Conduit to run its infrastructure. Notably, the Aevo Layer 2 network includes Celestia for data availability, a strategic move aimed at reducing on-chain transaction costs for users.
In terms of fundraising, Aevo successfully raised $16.6 million in three funding rounds. During the first round, the project obtained 10% of its fully diluted valuation (FDV) at an $18.5 million valuation, followed by a Series A funding round where 4.62% of FDV was secured at a $130 million valuation. Finally, during the Series A+ funding round, Aevo secured 3.5% of FDV at a $250 million valuation, reflecting growing investor confidence in Aevo’s vision and potential.
AEVO Coin OverviewAevo’s native asset, AEVO coin, extends to various aspects of the platform’s ecosystem. AEVO coin holders have governance power, allowing them to participate in decisions regarding network upgrades, new listings, and overall DAO governance. Additionally, users who stake AEVO coins gain access to discounted trading fees on the Aevo exchange and enhanced rewards through Aevo’s trader reward program.
The maximum supply of AEVO coin is 1 billion, with 45 million coins, representing 4.5% of the total supply, to be distributed through Binance Launchpool. Following the Binance listing, the altcoin’s initial circulating supply will be 110 million AEVO coins, equivalent to 11% of the maximum supply.
Looking ahead, Aevo seems poised to make significant strides in the DeFi space, leveraging its strong technical infrastructure, innovative product offerings, and strategic partnerships. As the platform continues to evolve and expand its user base, it is well-positioned to drive more innovation and transformation within the world of derivatives trading and contribute to DeFi’s ongoing evolution.
How to Buy AEVO Coin?AEVO coin can be bought and sold safely on Binance, the world’s largest cryptocurrency exchange by trading volume. AEVO coin will be listed on Binance on March 13, 2024, and will be available for trading in the AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY trading pairs.
To purchase AEVO coins, users must first register on the Binance exchange (if they haven’t already). After completing the registration process, funds, whether cryptocurrency or fiat currency like Turkish Lira, must be transferred to the Binance wallet. Once the transfer is complete, AEVO coins can be purchased from any of the five trading pairs listed above.
To buy AEVO coins using the AEVO/USDT trading pair on Binance, first navigate to the trading pair interface. From the limit tab, enter the desired amount of AEVO coins to purchase in the specified field. After entering the amount, complete the purchase by placing a Buy AEVO order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aevo has announced the launch of an innovative and groundbreaking airdrop project. With this launch, eligible traders will get a chance to acquire $BLUE tokens as a part of an airdrop on the Sui Network. This advancement is linked to Aevo’s continuous endeavors and Aevo aims to reward early adopters and enhance its ecosystem engagement.
As the $BLUE token is gaining the attraction of crypto traders, the airdrop strives to provide more activity to the growing Sui blockchain. Aevo, an innovative crypto airdrop platform that has announced the airdrop project via its official X account.
Functionality of Aevo’s $BLUE Token Airdrop During the token generation event (TGE), there was a pre-launch of the $BLUE token. The traders who had taken part in the pre-launch will be able to participate in the airdrop. Aevo introduces a straightforward distribution process. After connecting their wallet, via the Aevo platform, the eligible users will give their Sui Wallet address.
With their submission of addresses, the user’s wallets will directly get the airdropped $BLUE tokens within seven days. Aevo highlights Sui Chain as its distributor, giving surety of a seamless and secure $BLUE token transfer. With this advancement, the commitment of Aevo is further reinforced, that is blockchain innovation and convenience of users.
Aevo Reinforces Engagement on Sui Network The $BLUE token as the latest advancement in the Sui ecosystem is highlighting its presence in the blockchain and DeFi communities. The selection of Sui as a base by Aevo underscores the prominent nature of the network. With this advancement, the network is becoming the hub for innovative blockchain projects. Aevo’s position is also solidified by this decision, aiming to boost the adoption and liquidity of its native token, $BLUE. This move will also support the growing Sui blockchain ecosystem.
Aevo’s dedication to the empowerment of its users and its blockchain contribution is highlighted by this airdrop. With this initiative, the $BLUE token is already getting excitement from investors. It is a strategic step by the platform to foster participation and highlight the Sui Ntwork’s capabilities. Aevo encourages traders to act wisely to claim their tokens and participate in this thriving experience of reward-giving.
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.
Key NotesAevo is transitioning to EigenDA for improved data processing and Ethereum integration.The upgrade ensures immediate data updates, reducing execution delays in trades.Aevo’s use of EigenDA guarantees reserved bandwidth and avoids network congestion. Aevo has announced a major upgrade by transitioning to EigenDA for its data availability layer, marking a significant step in improving the trading experience for users. Aevo is a derivatives L2 platform focused on options and perpetual contracts trading, and this change is set to make trading faster, cheaper, and more secure.
Since its inception, Aevo has supported modular blockchains, with Celestia serving as a key partner. The platform noted that, as it continued to grow, it became clear that closer integration with Ethereum’s security, lower operational costs, and faster data processing were essential. EigenDA, a solution that meets these needs perfectly, was selected. Aevo stated:
“From day one, we’ve believed in modular blockchains – Celestia was an incredible partner on that journey. However as we evolve, we need even tighter synergy with Ethereum’s security, lower costs, and near-instant data throughput. EigenDA checks all those boxes.”
How EigenDA Enhances Aevo’s Data Processing and Security The switch to EigenDA will result in immediate data updates, enhancing the speed of trades and reducing execution delays. The technology also integrates Ethereum’s restaking, offering top-tier security and trust for every transaction. With 15 MB/s throughput, the new system ensures swift order processing and a seamless trading experience, while lower operational costs mean tighter spreads and better pricing.
The core benefits of EigenDA include high data throughput, blazing speed, cost efficiency, Ethereum-grade security, and a simplified system architecture that eliminates unnecessary components. These features are designed to create a more efficient, scalable platform for the future of high-performance trading.
EigenDA, a data availability store, also provided more insight into the transition, stating that being on it gives Aevo several exclusive advantages. The platform can implement custom quorums, allowing for potential future AEVO staking to enhance data availability and security. It also ensures reserved bandwidth, guaranteeing no congestion, which ensures smooth operation.
Aevo’s Future-Proofing with EigenDA Integration Built by EigenLabs, EigenDA described Aevo as specifically designed for Ethereum traders, with $95 billion in cumulative trading volume since launch. It’s supported by Binance Labs, Coinbase Ventures, Dragonfly Capital, and Paradigm. The platform also features enshrined oracle protection. EigenDA noted that while it handles data availability, Aevo can focus on enhancing decentralized finance (DeFi).
EigenDA added that Aevo is built to last with EigenDA. As a result, traders using the platform won’t experience high transaction fees, as the cost per trade is extremely low. The platform also doesn’t need to worry about high data costs, as it only costs pennies per megabyte. EigenDA wrote:
“Future-proofed on EigenDA. Traders don’t have to worry about transaction costs for pennies per trade. Aevo doesn’t have to worry about high throughput DA with pennies per MB. All on Ethereum.”
Transitioning to EigenDA positions Aevo as a leader in on-chain derivatives trading, focusing on both current and future scalability. The platform is committed to delivering the fastest, most secure, and most cost-efficient trading experience.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
The digital asset market is always known for bringing new offerings to traders and investors seeking the next big thing. Nillion Network (NIL) is currently gaining crypto users’ interest with its cutting-edge offerings.
Nillion Network pre-listing Today, Aevo announced a pre-listing of the new cryptocurrency, Nillion Network (NIL), on its decentralized crypto launchpad. The pre-listing is a significant event as it provides traders with the opportunity to purchase the asset before it hits prominent trading platforms. This means that during this period, the token will be available through pre-sales, ICOs, and the project’s preferred launchpad platforms.
Typically, pre-listing is an engaging option for experienced and beginner investors for several reasons. First, it allows early investors to acquire the coin at lower prices. Also during this time, the new cryptocurrency projects (like Nillion Network) offer airdrop and potential bonuses to early backers.
For investors to purchase the NIL token before the official listing, they need to visit Aevo and other DEXs, which are set to list the new token before it reaches major CEXs. Users can also access Nillion Network’s social media platforms to find out more about the pre-sales arrangements.
What is NIL? Nillion Network is an extraordinary cryptocurrency because it aims to address challenges that previous crypto tokens have not comprehensively resolved. It is a decentralized cryptocurrency project that offers a secure computation network for running valuable data. As a result, crypto users can engage with the Nillion blockchain by buying NIL tokens. They can use it to secure data and engage in various investment/trading purposes like staking and many others.
While AI tools are useful for users in various ways, concerns arise regarding how much security and privacy users have when using such instruments. Several entities don’t allow staff to use AI instruments like ChatGPT due to risks of data leakage.
Although a key solution to this problem is to encrypt data, this approach normally requires high computational resources, which end up slowing systems’ performance. Also, when data is encrypted and stored, decoding it to carry out essential actions can cause security weaknesses and ineffective data processing.
NIL is a decentralized crypto project that addresses these problems in the Web3 landscape by bringing a secure computation network for running valuable data. In October last year, it raised a whopping $50 million in a funding round which was attended by Big Brain Holdings, Distributed Global, HashKey Capital, and Hack VC.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
The Pectra upgrade introduces expanded blob space, smart accounts, and validator improvements that could significantly impact Ethereum Layer-2 ecosystems. Arbitrum (ARB), StarkNet (STRK), Mantle (MNT), Aevo (AEVO), and Fuel (FUEL) are five key tokens to watch as they stand to benefit from lower data costs, increased scalability, and enhanced functionality.
While all five tokens have recently faced price corrections, on-chain upgrades could act as a tailwind in the coming weeks. Each of these Layer-2s is positioned to gain from Ethereum’s evolving infrastructure—if momentum returns, upside potential is on the table.
Arbitrum (ARB)With expanded blob space and more efficient data availability coming from the Ethereum Pectra upgrade, Arbitrum can reduce its L1 settlement fees and scale more efficiently.
At the same time, EIP-7702 introduces smart account functionality that enables gasless transactions, batching, and simplified onboarding, all of which enhance the experience for developers and end users building on Arbitrum.
ARB Price Analysis. Source: TradingView.Despite these long-term tailwinds, ARB is down over 6% in the past seven days. If the correction continues, price may fall to $0.292 — a key support level — and potentially dip further to $0.27.
However, if ARB regains momentum, the first resistance to watch is $0.315.
A break above that level could open the door for further upside toward $0.345 and, in a stronger bullish scenario, $0.363.
StarkNet (STRK)The Pectra upgrade introduces improvements in data availability and validator operations, which will benefit StarkNet in multiple ways.
Enhanced blob space directly supports cheaper and more scalable calldata posting — a major win for zk-rollups like StarkNet that rely heavily on L1 for data availability.
Additionally, EIP-7002 allows more flexible validator withdrawals, which supports future integrations of re-staking protocols and simplifies cross-chain liquidity movements.
STRK Price Analysis. Source: TradingView.STRK has fallen more than 13.5% in the past seven days, and its EMA lines indicate a downtrend. If this trend continues, the next key support level is around $0.116.
However, if STRK manages to reverse momentum, the first resistance to watch is $0.136. A break above that level could lead to further upside, with STRK potentially testing $0.15 and even $0.161 in a stronger bullish scenario.
Mantle (MNT)The Pectra upgrade brings improvements that could indirectly support Mantle’s modular architecture and staking design. With EIP-7251 raising the validator staking limit, large-scale staking operations become more efficient — a potential benefit for Mantle, which integrates restaked ETH into its ecosystem.
This change simplifies validator management and enhances the economic security of protocols that rely on Ethereum as a base layer.
Additionally, the expansion of blob space contributes to lower L1 data costs, supporting cheaper and more scalable interactions for Mantle’s modular rollups and Layer 2 applications.
MNT Price Analysis. Source: TradingView.MNT formed a death cross a few days ago and is currently down 2.6% over the past seven days, signaling ongoing bearish pressure. Its next key support sits at $0.68, and if that level fails to hold, price could decline further toward $0.652.
On the upside, if MNT reverses course, the first resistance to watch is $0.72.
A successful break above that could trigger a rally toward $0.759, and in a more extended bullish move, MNT may test $0.809.
Aevo (AEVO)Aevo, a high-performance derivatives platform built on Layer 2 infrastructure, stands to benefit from the Pectra upgrade through lower data availability costs and improved scalability.
The expansion of blob space introduced by Pectra reduces calldata fees for L2s, which is crucial for platforms like Aevo that rely on frequent state updates and high transaction throughput. This directly translates to cheaper and faster settlement for perpetuals and options.
Additionally, smart account functionality from EIP-7702 could enable features like gasless trading or streamlined account recovery, enhancing the trading experience and reducing friction for users interacting with Aevo’s contracts.
AEVO Price Analysis. Source: TradingView.AEVO is down nearly 12% over the last seven days, with its price struggling to stay above the $0.10 mark.
If this downtrend continues, the next support is at $0.096 — and a break below that could open the door to deeper declines toward $0.082 and even $0.0756.
On the flip side, if AEVO regains momentum and breaks above the $0.107 resistance, it could rally to test $0.115. A stronger bullish push could extend gains to the next target at $0.121.
Fuel Network (FUEL)Fuel Network, a modular execution layer focused on high throughput and developer flexibility, is well-positioned to benefit from Ethereum’s Pectra upgrade.
The expanded blob space introduced by Pectra significantly reduces the cost of posting data to Ethereum, which is crucial for Fuel’s rollup architecture. This allows Fuel to scale transaction volumes more efficiently while maintaining decentralization.
Additionally, smart account functionality from EIP-7702 aligns with Fuel’s goal of improving UX and developer tooling, enabling more advanced wallet interactions, gasless flows, and streamlined onboarding for users deploying dApps on Fuel’s stack.
FUEL Price Analysis. Source: TradingView.FUEL’s EMA lines remain bullish, with short-term averages still holding above long-term ones, indicating underlying strength. However, the token has struggled to break through the $0.012 resistance in recent days.
If that level is tested again and cleared, FUEL could rally toward $0.0129 and $0.014, with a strong uptrend potentially pushing it back to $0.0163.
On the downside, if momentum fades and FUEL breaks below the $0.010 support, the next targets are $0.0084 and $0.0077.
Aevo, a decentralized derivatives exchange built on a custom Ethereum layer 2, has introduced “Aevo Degen,” a new product offering up to 1000x leverage on tokenized stocks.
The product, which went live on July 8, currently supports Coinbase (COIN), Robinhood (HOOD), MicroStrategy (MSTR), and Circle (CRCL), with more stocks expected to be added. Trades are only available during U.S. stock market hours, and all positions are automatically closed at the end of each trading day.
With a small amount of capital, users can place large directional bets thanks to the product’s design for short-term, high-risk trading. The 1000x leverage enables a trader to control a $100,000 position using just $100. However, on that scale, a single 0.1% move in the wrong direction can wipe out the entire position.
Aevo (AEVO) uses an off-chain order book for fast execution, while trade settlement takes place on-chain using its layer 2 rollup. This setup keeps trading quick and costs low while maintaining transparency and user custody.
Aevo’s platform does not charge standard trading fees for Aevo Degen. Instead, traders only pay if they make a profit, in which case a portion of their gains goes to the platform. This fee model is designed to support active traders and speculators, who might be sensitive to frequent trading costs.
The platform uses tokenized stock derivatives instead of actual shares. These tokens don’t represent direct ownership, but they use oracles to track actual stock prices. This approach helps keep the system flexible, allowing users to trade stocks within the crypto ecosystem without needing a traditional brokerage.
The launch of Aevo Degen adds to a growing list of efforts to bring traditional financial products into decentralized platforms. It also raises questions around risk and regulation, especially with such high leverage involved.
While Aevo says it has built a strong technical infrastructure, users must still manage risk carefully. Large swings in price can result in fast and heavy losses.
ETH leads crypto majors higher, BTC dominance falls. US House taking steps for US to be crypto capital. Sharplink to buy $20m ETH, stock pops 12%. GameSquare raises $8m to buy ETH, stock +60%. Bit Digital stock keeps pumping on ETH pivot. BioSig, StreamEx to tokenise commodities on SOL. Phantom intros perps powered by Hyperliquid. GMX faces $40m exploit. Tether reveals $8b gold stock pile in Swiss vault. Expect us to be largest BTC miner this year: Tether. OpenAI stock tokens backed by SPV: Robinhood. Aevo offers 1000x lev on tokenised stocks. DoJ charges OmegaPro founders with $650m fraud. Tether is a money launderer’s dream: The Economist. EIGEN announces 25% reduction in staff
Interviews
Jul 9, 2025
Interviews
Candid chats and deep dives with the biggest names in crypto.
Coin PricesPUMP.FUN TOKENOMICS, $HYPE, BONKGUY META
ETH leads crypto majors higher, BTC dominance falls. US House taking steps for US to be crypto capital. Sharplink to buy $20m ETH, stock pops 12%. GameSquare raises $8m to buy ETH, stock +60%. Bit Digital stock keeps pumping on ETH pivot. BioSig, StreamEx to tokenise commodities on SOL. Phantom intros perps powered by Hyperliquid. GMX faces $40m exploit. Tether reveals $8b gold stock pile in Swiss vault. Expect us to be largest BTC miner this year: Tether. OpenAI stock tokens backed by SPV: Robinhood. Aevo offers 1000x lev on tokenised stocks. DoJ charges OmegaPro founders with $650m fraud. Tether is a money launderer’s dream: The Economist. EIGEN announces 25% reduction in staff
Interviews
Jul 9, 2025
Interviews
Candid chats and deep dives with the biggest names in crypto.
“I am NOT building a new financial system. I built a casino.”
This stark admission from Ken Chan, former co-founder of derivatives protocol Aevo, has been reverberating across Asian crypto communities this week.
What began as a post on X has now crossed linguistic borders, been introduced to Chinese communities by local news media, and been widely shared among Korean traders, accumulating millions of views along the way.
From Ayn Rand to Disillusionment: A Libertarian’s Journey Through CryptoChan’s confession is not merely a critique—it is the unraveling of a personal ideology. He describes himself as a “starry-eyed libertarian” who donated to Gary Johnson’s 2016 presidential campaign after being radicalized by Ayn Rand’s novels. The cypherpunk ethos of Bitcoin spoke directly to this worldview. “Being able to walk across the border with a billion dollars in your head is and always will be a powerful idea to me,” he writes.
Yet eight years of industry experience eroded that idealism. Chan recounts how the Layer 1 wars—the flood of capital into Aptos, Sui, Sei, ICP, and countless others—produced no meaningful progress toward a new financial system. Instead, it “literally torched everyone’s money” in pursuit of becoming the next Solana. His verdict is unsparing: “We do not need to build the Casino on Mars.”
According to his LinkedIn profile, Chan departed Aevo in May this year. His personal website indicates he is now working on KENSAT, a personal satellite project. It is scheduled to launch aboard a Falcon 9 in June 2026. His confession arrives six months after his departure. It comes as AEVO token trades at roughly $45 million in fully diluted market cap—down approximately 99% from its peak.
Chan’s central metaphor—that crypto has become “the biggest, online, multi-player 24/7 casino our generation has ever concocted”—cuts through technical complexity with visceral clarity.
The timing amplifies the message. Following October’s market turbulence and persistent volatility, participants across the region have been grappling with fatigue. The Chinese media framed the viral spread as reflecting “collective anxiety amid liquidity drought and narrative vacuum.”
Chinese-language responses have been divided. Some pushed back sharply: “Same eight years—some reach the summit, others exit the stage. Wasting time is your own problem.” Others went further than Chan himself, with one commenter writing: “The entire crypto circle is foolish, no exceptions. After more than a decade, what blockchain product has the average person actually used?”
Korean responses echoed similar exhaustion. “Besides stablecoins, there’s no real use case,” noted one trader. Another was more blunt: “At the bottom of crypto, there’s no one creating new value for society—just scammers swarming to suck money from retail investors.”
Generational Anxiety Finds a Voice Across BordersPerhaps most striking is Chan’s warning that the industry’s “toxic mentality will lead to the long-term collapse of social mobility for the younger generation.” This concern resonates deeply in East Asian societies. Traditional paths to wealth—real estate, stable employment—have grown increasingly inaccessible. Crypto promised an alternative; Chan suggests it may be accelerating the problem.
Korean analyst KKD Whale offered a parallel reflection without directly addressing Chan’s post. “The era of standing alone with just one core skill is passing,” he wrote, recalling a talented colleague who could compress eight hours of work into one but never bothered to deepen his expertise. The skill became obsolete; the person moved on.
While Chan questions what the industry has built, KKD Whale questions what individuals have accumulated within it. Both arrive at the same unsettling destination.
Chan closes with a quote from CMS Holdings: “Do you want to make money, or do you want to be right?” His answer: “I choose to be right this time.”
Six months after leaving the project he built, and with AEVO trading at a fraction of its former value, the question lingers: Is this the clarity of hindsight, or the convenience of exit? The viral journey of his confession suggests many others are asking themselves the same question.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on December 14 that Aevo (formerly Ribbon Finance) tweeted that due to a vulnerability in a smart contract update, the old version of Ribbon DOV vault was attacked, resulting in a loss of approximately $2.7 million.
The team stated that all Ribbon vaults have ceased operation and will be immediately deactivated. Users must complete the contract upgrade and withdraw funds themselves through the standard process. The contract upgrade will be rolled out next week (to be announced later). Aevo disclosed that the vulnerability resulted in a loss of approximately 32% of the vaults, but the team recommends that users withdraw only 19% of the value of their positions at the time of the attack. The claim period is from December 12th to June 12th. After June 12th, the DAO will liquidate all remaining assets and distribute them to users who withdrew funds earlier.
Aevo, a cryptocurrency trading platform, has encountered a significant setback with a recent exploit on its Ribbon Vaults. The breach resulted in a substantial loss of $2.3 million. This incident highlights vulnerabilities in the system, causing concern within the crypto community. Users of the platform are seeking assurance regarding the platform’s security measures going forward, while stakeholders focus on damage assessment and remedy strategies. The unfolding events have spurred discussions on the necessity for more sophisticated security protocols in digital finance platforms.
What Led to the Exploit in Ribbon Vaults?The incident was driven by a vulnerability within the technical architecture of Aevo’s Ribbon Vaults. Specific details on how the exploit was executed remain undisclosed, but initial assessments indicate gaps in the structure that hackers exploited. Aevo has since been actively working to investigate the loopholes that were leveraged, placing emphasis on securing user assets. The company, however, assures customers that funds outside the vaults remain intact.
How is Aevo Responding to the Security Breach?In response to the exploit, Aevo has initiated a series of measures aimed at bolstering security and regaining user trust. Immediate actions include enhancing current security frameworks and implementing additional monitoring mechanisms. According to a representative,
“Our primary focus is to ensure the safety of our users’ assets.”
They further mentioned that new layers of security would be integrated into the system to prevent future incidents.
What Are the Investor Reactions?Investors have expressed varying degrees of concern, particularly about the potential long-term implications for Aevo’s reputation. The immediate response suggests apprehension, yet some remain optimistic about Aevo’s commitment to rectify the breach. Aevo has been actively communicating with stakeholders to provide regular updates and reassurance. As part of this effort, a spokesperson stated,
“We are dedicated to transparency and will keep our community informed throughout the remediation process.”
This attempt at open communication aims to stem the rising unease among users and investors.
In light of this exploit, broader discussions about cybersecurity in the cryptocurrency sector have intensified. The Aevo incident illustrates the critical need for enhanced security solutions in digital finance, as technological advancements can also open new attack vectors for malicious activities. Robust security strategies and proactive modifications to digital platforms are essential to safeguard assets and trust in this rapidly evolving sector. Stakeholders in digital finance must prioritize security to maintain confidence.
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.
PANews reported on January 9th that Aevo announced on its X platform that, in accordance with AGP-3 rules, it has burned 69 million AEVO tokens (6.9% of the total supply) from circulation to signify a fresh start and demonstrate its commitment to maintaining token value. Phase 5 of the rewards program is still underway, during which 1 million AEVO tokens will be distributed to traders. Trading activity and the staking rewards program work in tandem, allowing users to earn multiples of their staking AEVO based on their trading volume in each phase. Staking AEVO tokens also allows users to earn a portion of accumulated Uniswap V3 LP fees, which will be distributed in June 2026.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The Philippine SEC has warned investors against using dYdX and six other crypto platforms, saying they are operating without authorization in the country.
Summary
Philippine SEC has warned investors against dYdX and six other crypto platforms for operating without registration or authorization in the country. Authorities said the platforms appear to offer investments promising returns, with promoters facing fines of up to 5 million pesos or up to 21 years in prison. Enforcement has tightened as regulators expand from warnings to blocking access, while licensed firms continue launching compliant crypto services. According to a Tuesday post on Facebook, the Philippine Securities and Exchange Commission named dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium, stating that its review found the platforms “appear to be offering investments to the public” in exchange for “promised returns, profits or interest.”
None of the entities are registered with the Commission or hold approval under the country’s crypto-asset service provider framework, which requires firms to secure licenses and meet capital and operational standards before offering services locally.
Regulators also cautioned that individuals promoting these platforms could face legal consequences. Under Sections 28 and 73 of the Securities Regulation Code, violators risk fines of up to 5 million Philippine pesos, about $89,000, or imprisonment of up to 21 years, or both.
Enforcement tightens as access restrictions expand Recent action adds to a pattern of stricter enforcement that has moved beyond warnings into blocking access to non-compliant platforms.
Philippine authorities had already taken steps against major exchanges in earlier cases. Binance, for instance, saw its website blocked nationwide after failing to meet compliance requirements, while its app was later removed from local app stores following requests sent by the SEC to Google and Apple in late 2024. By early 2026, users in the country were no longer able to access the exchange’s main site, with reports of error messages such as “Privacy Error” and “Site can’t be reached.”
Other platforms have faced similar treatment. Coinbase and Gemini were blocked on Dec. 24, 2025, as part of the same enforcement push targeting unlicensed operators.
Regulatory pressure has extended across multiple firms. In August 2025, the SEC flagged another group of exchanges, including OKX, Bybit, KuCoin, and Kraken, for offering services without registration, warning that such activity exposed local investors to risk.
Licensed players continue to expand offerings While enforcement has tightened against offshore platforms, companies operating within the regulatory framework have continued to roll out new services.
Local exchange PDAX partnered with Toku in 2025 to enable stablecoin salary payouts, offering a compliant route for crypto-based payments. Digital bank GoTyme also entered the space through a tie-up with Alpaca, allowing users to buy and hold digital assets directly within its app.
Regulators have kept the message consistent across these developments, drawing a clear line between licensed operators and those offering services without approval.
