Hunter Horsley gibt zu bedenken, dass bei Solana schneller Krypto-Vermögen aus dem Staking genommen werden können, was ein entscheidender Vorteil gegenüber Ethereum im Hinblick auf Staking-ETFs sein könnte.
EZB bandelt mit Technologieanbietern für digitalen Euro an
Die Europäische Zentralbank hat erste Vereinbarungen mit Technologieanbietern im Zusammenhang mit dem digitalen Euro getroffen, wobei sich die EZB Raum für zukünftige Änderungen lässt.
What’s next for BNB after hitting a new ATH of $1,100? Check forecast
Key takeaways
- BNB has set a new all-time high of $1,110 after rallying by more than 5% on Thursday.
- The coin could continue its rally towards the $1,500 psychological level.
BNB tops $1,100 as rally continues
BNB, the native coin of the Binance ecosystem, has hit a new all-time high after adding more than 5% to its value. The rally allowed BNB to hit the $1,100 mark for the first time in its history.
The coin’s positive performance comes as Bitcoin and other major cryptocurrencies recorded excellent gains. Bitcoin hit the $121k mark for the first time since August, while Ether has breached the $4,500 resistance level.
BNB’s strong performance in recent months comes as Binance continues to establish itself as the leading cryptocurrency exchange in the world. The exchange processes roughly $20 billion in daily trading volume, 400% higher than its nearest competitor, Bybit.
BNB could extend rally to $1,500 as bullish run continues
The BNB/USD 4-hour chart is bullish and efficient, as the coin has added 15% to its value in the last seven days. The momentum indicators are extremely bullish, indicating that buyers are currently in control.
The RSI of 71 means that BNB could enter the overbought region if the bullish trend persists. The MACD lines are also within the positive territory, suggesting a strong bullish bias.
At press time, BNB is trading at $1,087 per coin. If the trend continues, BNB could rally towards a new all-time high of $1,150. An extended bullish run would allow it to hit the $1,200 mark for the first time in its history.
However, if BNB undergoes a correction following its recent rally, it could drop below $1k and retest the support and TLQ level at $967. The bulls will defend this support zone, as failure to do so could see BNB dip lower towards $930.
The post What’s next for BNB after hitting a new ATH of $1,100? Check forecast appeared first on CoinJournal.
Bitcoin hits a 6-week high above $120,000, defying a government shutdown
- Bitcoin has broken above the key $120,000 level for the first time since August.
- The rally is fueled by renewed optimism about macroeconomic tailwinds.
- BTC futures open interest has hit a record high of $32.6 billion.
The bulls are back in charge. Bitcoin has shattered the critical $120,000 resistance level, surging to a height not seen since mid-August as a powerful wave of optimism sweeps through the market.
The breakout, which follows a steady five-day climb, signals that traders are decisively positioning for a bullish final quarter of the year, undeterred by the political chaos unfolding in Washington.
This is a rally built on both renewed macroeconomic hope and a powerful internal market dynamic.
In the derivatives market, the conviction is palpable, with open interest in BTC futures soaring to a new record high of $32.6 billion, a clear sign that traders are placing big bets on further upside.
A short squeeze in the making?
Beneath the surface of this bullish momentum, a potentially explosive setup is taking shape.
On-chain analyst Skew has noted that even as open interest soars, a significant number of short positions are also piling up.
This creates the perfect conditions for a “short squeeze,” a violent upward price move that is triggered when a rising price forces a cascade of short-sellers to buy back their positions, adding even more fuel to the rally’s fire.
The shutdown factor: a crisis becomes a catalyst
Ironically, the political crisis in the United States may be a key catalyst for the market’s renewed optimism.
The ongoing government shutdown has injected a dose of profound uncertainty into the economic picture, a chaos that traders seem to believe will ultimately benefit risk assets like Bitcoin.
Treasury Secretary Scott Bessent warned on Thursday that the shutdown could have a real and damaging impact.
“We could see a hit to the GDP, a hit to growth and a hit to working America,” he told CNBC.
This economic weakness, coupled with the fact that the Federal Reserve will be deprived of a fresh jobs report, makes an interest rate cut at the end of this month all but a certainty.
The flip from skeptic to believer
The sheer strength of the recent advance has been enough to turn even the skeptics into believers.
Paul Howard, a senior director at the crypto trading firm Wincent, admitted he had been skeptical about a rebound earlier in the week, but the market’s relentless climb has changed his mind.
“With $BTC trading back at levels last seen in mid-July, the total market cap is once again above $4 trillion,” he noted.
We have seen a slow grind higher breaking above $115,000, indicating we are now more likely to stay above this level, with a CME gap to lock in the floor at $110,000.
His conclusion is now as bullish as the market’s momentum. “I believe we are now set to see a sustained rally above $120,000 in the coming weeks,” he added.
The quiet days of late September are over, and the battle for the next leg higher has begun.
The post Bitcoin hits a 6-week high above $120,000, defying a government shutdown appeared first on CoinJournal.
AlloyX launches tokenized money market fund on Polygon amid growing RWA demand
- AlloyX unveils tokenized money market fund RYT on Polygon for DeFi trading and yield looping.
- RYT holds bank-custodied assets via Standard Chartered, regulated and audit-compliant.
- Tokenized MMFs gain traction as institutions and retail bridge traditional finance with DeFi.
Tokenization infrastructure firm AlloyX has introduced a new tokenized money market fund on Polygon, reflecting the growing trend of bringing real-world assets (RWAs) to blockchain ecosystems.
The fund, dubbed the Real Yield Token (RYT), aims to merge traditional bank-custodied assets with decentralized finance (DeFi) strategies, offering investors both familiarity and blockchain-native utility.
RYT combines traditional MMF security with DeFi flexibility
RYT represents shares in a conventional money market fund, with the underlying assets held in custody by Standard Chartered Bank in Hong Kong.
The fund is fully regulated and subject to regular audits, giving investors confidence in its compliance and security.
Like other money market funds, RYT invests in short-term, low-risk instruments, including US Treasurys and commercial paper, ensuring capital preservation while generating modest yields.
The tokenized format, however, introduces new functionality.
RYT shares can be traded onchain and integrated into DeFi protocols, enabling users to employ their holdings as collateral.
Through a DeFi technique known as looping, investors can borrow against their RYT tokens and reinvest the proceeds to enhance yields — a feature not typically available in traditional money market products.
AlloyX chose Polygon for deployment, citing the network’s low fees, fast transaction speeds, and vibrant DeFi ecosystem.
Institutional interest in tokenized money market funds grows
AlloyX is entering a rapidly expanding market.
Large financial institutions have increasingly explored tokenized money market funds to combine the stability of cash-like assets with the efficiency and composability of blockchain.
Notable examples include BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which offers tokenized exposure to US dollar yields through Treasury bills and repurchase agreements.
Goldman Sachs and BNY Mellon have also announced plans for similar tokenized MMFs, although these generally do not include DeFi-native functionalities like looping or composability, which set AlloyX’s RYT apart.
According to a June report by Moody’s, tokenized short-term liquidity funds remain a “small but rapidly growing product,” with the market reaching an estimated $5.7 billion since 2021.
The trend underscores growing institutional interest in bridging traditional finance with digital markets while providing investors with onchain access to familiar, low-risk instruments.
Tokenized MMFs address cash management needs in DeFi
The rising adoption of tokenized money market funds is also linked to broader developments in the crypto ecosystem, such as the passage of the GENIUS Act in the United States and increased stablecoin usage.
These factors have heightened demand for onchain products that retain the liquidity and security of cash-like assets.
JPMorgan strategist Teresa Ho told Bloomberg that tokenized MMFs offer a practical alternative to posting cash or Treasurys in DeFi protocols.
“Instead of posting cash, or posting Treasurys, you can post money-market shares and not lose interest along the way. It speaks to the versatility of money funds,” she said, emphasizing the appeal of products like RYT for investors seeking both yield and utility.
AlloyX’s launch represents a notable milestone for tokenized finance, showcasing the potential for traditional instruments to coexist with decentralized protocols while offering innovative ways to generate yield.
As demand for real-world assets on blockchain grows, products like RYT may become a key bridge between conventional finance and DeFi, appealing to both institutional and retail investors seeking secure, liquid, and composable onchain assets.
The post AlloyX launches tokenized money market fund on Polygon amid growing RWA demand appeared first on CoinJournal.