Monat: September 2025

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Sonic eyes $0.32 ahead of U.S. expansion; Check forecast

Key takeaways

  • S is up 1% in the last 24 hours and is now trading above $0.30.
  • The positive performance comes as Sonic Labs commits $40m to SonicStrategy to fund U.S. expansion.

Sonic Labs sets aside $40 million for SonicStrategy

S, the native coin of the Sonic Labs ecosystem, is up 1% in the last 24 hours and now trading above $0.30. The positive performance coincides with a broader market rally, with Bitcoin reclaiming the $111k mark.

However, S could rally higher in the near term thanks to positive development within the Sonic Labs ecosystem. Spetz (SPTZ), doing business as SonicStrategy, announced a few hours ago that it will receive $40 million in convertible funding from the foundation behind the Sonic blockchain, Sonic Labs.

The company added that the funding will support its treasury, validator operations, and blockchain investments. Furthermore, the funding can also convert to common stock at $4.50 per share if certain conditions are met.

The investment is part of Sonic’s expansion into the US, as it also looks to launch an ETF and pursue a PIPE vehicle.

S targets $0.32 amid improved market conditions

The S/USD 4-hour chart is bearish and efficient but could soon flip bullish as market conditions start to improve. The RSI of 48 shows that the selling pressure is declining, with the MACD lines about to cross into the positive zone.

S/USD 4H Chart

At press time, S is trading at $0.309, up from Monday’s low of $0.29. If the recovery continues, S could target the TLQ and support level at $0.32 over the next few hours. An extended bullish run would allow S to reclaim the high of $0.36 from August 24th.

However, the market remains jittery, and prices could face a correction. If that happens, S could retest the $0.29 low before dipping towards the August low of $0.272.

The post Sonic eyes $0.32 ahead of U.S. expansion; Check forecast appeared first on CoinJournal.

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XLM eyes $0.40 ahead of Stellar’s Protocol 23 upgrade

Key takeaways

  • The broader crypto market has recovered from Monday’s low and now eyes new highs.
  • XLM is trading above $0.35 ahead of the network’s key upgrade.

Stellar Lumens to implement Protocol 23 upgrade

XLM, the native coin of the Stellar Lumens blockchain, is trading in the green after a poor start to the week. Its poor performance earlier this week coincides with Bitcoin and other leading cryptocurrencies underperforming.

However, XLM is now trading above $0.35 after defending the $0.34 support over the weekend. The coin could rally higher ahead of a key network upgrade. Stellar’s Protocol 23 upgrade aims to modernize network infrastructure and expand interoperability.

According to the team, this upgrade is a step toward broadening Stellar’s utility for real-world assets (RWA). The RWA sector market on Stellar is now worth over $460 million, and the team expects it to grow bigger once the new protocol goes live. 

With the upgrade and the increased RWA market on Stellar, its native token could rally higher over the coming days and weeks.

XLM targets $0.40 as a bullish pattern forms

The XLM/USD 4-hour chart remains bullish and efficient as XLM has rallied in recent weeks. The price established fundamental support at $0.344 during heightened selling pressure on Monday. 

The market has now embarked on a recovery, with accumulation currently ongoing between $0.35 and $0.36. The RSI of 52 shows that the bullish momentum is returning, while the MACD lines are about to cross into the positive zone. 

XLM/USD 4H Chart

If the recovery continues, XLM could overtake the $0.37 resistance over the next few hours and rally towards the $0.40 psychological level. However, breakout potential above $0.37 resistance depends upon sustained volume validation.

If the market fails to rally higher, XLM could face a rejection and drop to the $0.34 support level once again. An extended bearish run would see XLM fill the FVG gap and drop to the $0.29 support for the first time since July.

The post XLM eyes $0.40 ahead of Stellar’s Protocol 23 upgrade appeared first on CoinJournal.

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ONDO price jumps as tokenized stocks and ETFs launch

  • Ondo launches 100+ tokenised stocks and ETFs on Ethereum.
  • ONDO price rebounds, eyeing a potential breakout to $1.05.
  • SEC push for unified licensing boosts Ondo’s tokenisation drive.

The price of Ondo (ONDO) is edging higher after Ondo Finance rolled out tokenised stocks and exchange-traded funds (ETFs) on Ethereum, bringing traditional assets on-chain at scale.

The launch of the tokenised stocks and ETFs is fuelling optimism among traders and could reshape how investors access global markets.

Ondo Finance launches tokenised stocks and ETFs on Ethereum

On September 3, Ondo Finance officially launched Ondo Global Markets, a new platform that allows more than 100 tokenised stocks and ETFs to be traded on Ethereum.

This launch comes just days after the company warned of a “historic week ahead,” underscoring its significance not only for Ondo but also for the broader crypto ecosystem.

Notably, the move represents a major expansion of Ondo’s vision to bridge traditional finance with blockchain technology.

By tokenising widely traded financial products and making them accessible on-chain, the company is aiming to open up capital markets to a much wider global audience.

The timing of Ondo’s expansion coincides with a shift in US regulatory policy.

The Securities and Exchange Commission (SEC) has signalled its intent to create a unified licensing framework that would cover traditional securities, tokenised versions of those securities, and non-security crypto assets.

Real-world tokenisation push gathers pace

Ondo Finance is not new to tokenisation. The company has already built a foothold in the market for tokenised US Treasuries, a sector that has grown rapidly to more than $7 billion.

Ondo alone has issued over $1 billion worth of tokenised Treasuries on Ethereum, underscoring the protocol’s role in shaping on-chain capital markets.

The launch of tokenised stocks and ETFs takes that strategy further. It marks the first time that a broad range of equities and funds are being introduced to blockchain on such a scale.

For institutional investors, this means faster, blockchain-based access to assets that previously required traditional brokerage accounts.

For retail participants, it hints at a future where traditional and digital markets are no longer separate.

ONDO price rebounds as bullish momentum builds

ONDO’s price has reflected the growing optimism surrounding the launch.

At the time of writing, the token was trading near $0.96, up more than 4% in the past 24 hours.

This recovery followed a dip to $0.85 earlier in the week, which has since acted as a key support level.

Technical indicators suggest further upside may be on the horizon.

The token has been trading within a falling wedge pattern since the end of July, a setup that often signals a bullish breakout.

ONDO price analysis

According to market analysis, ONDO could climb as high as $1.05 if it breaks the resistance at the $0.91 to $1.00 range.

Momentum indicators such as the Relative Strength Index (RSI) and the MACD also support the view that the market is leaning toward further gains.

The post ONDO price jumps as tokenized stocks and ETFs launch appeared first on CoinJournal.

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OKX fined €2.25 million in the Netherlands for unregistered crypto services

  • Past fines include €4 million for Kraken and €2.85 million for Crypto.com.
  • OKX also fined €1.1 million in Malta in April 2025.
  • $504 million settlement in the US keeps OKX under oversight until 2027.

The Dutch central bank’s decision to fine OKX €2.25 million is not just a warning about regulatory oversight—it reflects how European authorities are taking a retrospective approach to compliance.

The penalty covers services offered without registration between July 2023 and August 2024, a period before the Markets in Crypto-Assets Regulation (MiCA) came into force.

By targeting past activity, regulators are making it clear that crypto exchanges will be held accountable even for legacy practices, regardless of whether they are now licensed under Europe’s new regime.

Past actions remain under scrutiny

Since 2020, the Netherlands has required crypto service providers to register under its anti-money laundering rules.

OKX, operating without approval during that timeframe, was found in breach. The DNB said such violations “will not be tolerated.”

The Netherlands has taken similar action against other major exchanges.

Kraken paid €4 million, and Crypto.com paid €2.85 million, both for offering unregistered services.

These penalties, including OKX’s latest fine, show that enforcement applies retroactively and that regulators are not letting past violations slide as the industry adapts to new frameworks.

Global fines put spotlight on compliance gaps

OKX has also been penalised in multiple jurisdictions. In April 2025, its European unit was fined €1.1 million in Malta for anti-money laundering shortcomings identified two years earlier.

The company secured MiCA approval after overhauling compliance processes.

Earlier in 2025, in the United States, OKX agreed to a $504 million settlement.

It admitted to operating as an unlicensed money transmitter and processing illicit transactions.

The settlement requires OKX to operate under strict oversight until 2027, including hiring an independent compliance consultant.

These fines show a consistent pattern: regulators are digging into earlier operations while demanding current compliance.

For exchanges, this means penalties may arrive years after the original breaches, creating prolonged uncertainty.

Dutch case treated as “legacy matter”

OKX, legally known as Aux Cayes Fintech Co., characterised the Dutch case as a “legacy matter” and said it has already resolved the issue.

Dutch customers were moved to its MiCA-licensed European entity, and the firm stressed there was no impact on customers.

The fine imposed by the DNB was lower than penalties given to other exchanges, with the regulator recognising OKX’s cooperation.

However, the action reinforces a larger trend: exchanges cannot simply comply today and ignore yesterday.

Europe’s enforcement era under MiCA

The timing of the Dutch case is significant. MiCA is now live across Europe, requiring exchanges to register, comply with reporting rules, and pass stricter anti-money laundering checks.

While OKX and others have secured licences, regulators are still pursuing earlier breaches.

This means the era of “operate first, register later” has ended, and exchanges are learning that legacy operations carry risks long after new frameworks are in place.

The Netherlands’ approach indicates that other regulators across Europe may follow, reviewing past activity while enforcing current rules.

The post OKX fined €2.25 million in the Netherlands for unregistered crypto services appeared first on CoinJournal.