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Crypto.com integrates Sei Network to strengthen security and institutional access

  • The exchange now supports Sei’s native token with compliant cold storage.
  • Institutions can securely manage SEI for ecosystem growth, treasury, and staking.
  • Accelerated institutional adoption will fuel Sei’s expansion.

Crypto.com has officially integrated Sei into its institutional custody network, offering businesses and merchants a secure option to manage and hold SEI assets.

The collaboration aims to enhance user trust and unlock new opportunities for validators, funds, and treasuries within the Sei blockchain.

Crypto.com Custody provides custody services to leading institutions and wealthy clients with state-of-the-art security.

It has now tapped into Sei’s capabilities.

Commenting on the latest development, Crypto.com’s COO and President, Aric Anziani, said:

Institutional custody is a critical foundation for scaling blockchain ecosystems. We’re pleased to support the Sei Network’s mission to power high-frequency, low-latency applications with secure infrastructure that meets the highest standards of compliance and operational integrity.

Such narratives reflect Crypto.com’s vision of becoming the backbone for compliant crypto infrastructure for platforms focused on finance and trading.

Why does it matter for Sei?

Sei has thrived since its 2023 mainnet launch to become a notable player in the L1 sector. It prioritizes on-chain finance and top-speed trading.

The SEI Network supports nearly 50 million wallets, handling billions of transactions.

Recently, the blockchain integrated PayPal’s stablecoin to promote crypto adoption in global finance.

That reflects increasing institutional interest in the Sei Network. The platform needs high-end security for smooth operations, especially amid thriving staking.

Messari highlighted that SEI stakers celebrated positive yield for the first time as the blockchain flourishes.

Crypto.com Custody guarantees security through its innovative tools.

The exchange offers compliant, institutional-grade cold storage for large-scale investors to manage SEI assets for treasury operations, ecosystem expansion, and validator incentives with minimized risks.

The L1’s team has welcomed Crypto.com’s action as a milestone for greater adoption.

The Sei Development Foundation director Justin Barlow said:

We’re thrilled to see another leading provider of institutional-grade custody solutions choose to support the Sei Network. Through Crypto.com Custody, institutional investors will have yet another tool to interact with Sei in a secure and regulated way.

Barlow’s comments echo prevailing trends of blockchain networks integrating with security and compliance frameworks to offer institutional-grade services.

Sei V3 Giga upgrade

Crypto.com’s integration comes as the network prepares for the V3 Giga upgrade, designed to deliver innovative scaling solutions for Ethereum-compatible apps.

The update positions Sei to democratize Web3, aiming for 200,000 transactions per second (TPS) and sub-400ms finality.

With secure custody, Sei can attract magnified liquidity from institutions and expand its validator set.

SEI price outlook

Sei Network’s native token mirrored prevailing broader declines.

It has lost nearly 4% in the past 24 hours to $0.3254.

Cryptocurrencies endured a bloodbath on Friday after losing steam following recent FOMC-driven gains.

However, analysts predict solid rebounds in the coming sessions and in “Uptober.”

Institutional use cases would support explosive growth for SEI upon broad market bull runs.

The post Crypto.com integrates Sei Network to strengthen security and institutional access appeared first on CoinJournal.

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Ethena looks to gain as Mega Matrix scoops $6m ENA for treasury strategy

  • Ethena price hovered near $0.70 amid overall crypto market wobbles on Friday.
  • Mega Matrix announced it acquired $6 million of ENA for its treasury strategy.
  • Analysts see scope for ENA to approach the $1 mark in the coming weeks as bulls regain control.

Digital asset treasury moves have been the talk of Wall Street for a while now, and the latest cryptocurrency to attract notable investment is Ethena (ENA).

On Friday, Singapore-based short-video streaming operator Mega Matrix announced its institutional foray into the DAT ecosystem with a $6 million scoop of ENA tokens.

While the news came amid an overall crypto downturn, ENA price remained near a key level of $0.70.

Mega Matrix buys $6 million ENA for treasury

Mega Matrix announced in a press release that it has completed a $6 million purchase of ENA tokens.

The company said the move reflects its commitment to a diversified treasury approach focused on stablecoin governance assets, with the Ethena token positioned as a central element of its “DAT Strategy.”

“Following our launch of MPU’s Stablecoin Governance Token Treasury Reserve (DAT) strategy, we have further expanded our holdings of $ENA and will continue executing weekly accumulations based on market conditions, strengthening our commitment to building the premier treasury reserve for stablecoin governance tokens,” Mega Matrix management said in a statement.

According to the announcement, the purchase was executed over several weeks through open-market transactions on major exchanges, allowing Mega Matrix to build its position without disrupting market dynamics.

Mega Matrix said it has acquired a total of 8.46 million ENA tokens at an average purchase price of $0.7165 per token.

The company noted that holding ENA provides potential governance influence along with exposure to staking rewards and protocol fees, aligning with the broader objectives of its DAT strategy to optimise treasury yields in digital asset markets.

ENA price forecast: Why else is Ethena bullish?

With a market capitalization of $4.6 billion, Ethena now ranks among the top 50 cryptocurrencies.

Backed by endorsements from established entities, the token is drawing attention similar to other leading altcoins such as BNB, XRP and Solana — a trend that could support further adoption of Ethena and similar projects.

Other than the crypto treasury bets spree, Ethena’s bullish outlook stems from several interlocking factors, including a leading role in the stablecoin market.

Ethena’s USDe stablecoin has surged to more than $14 billion in circulating supply, underscoring strong demand from investors seeking dollar-denominated returns via DeFi strategies such as delta-hedging and staking.

Broader market dynamics, including improving regulatory clarity and ETF approvals, are also contributing to the bullish outlook.

At the same time, Ethena’s open-market ENA buybacks and whale accumulations are reinforcing sentiment.

With momentum building, analysts see scope for ENA to approach the $1 mark in the coming weeks as bulls regain control.

The post Ethena looks to gain as Mega Matrix scoops $6m ENA for treasury strategy appeared first on CoinJournal.

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Immutable price: IMX surges 17% to outpace top altcoins

  • Immutable price soared 17% as bulls jumped to $0.96 amid gains for altcoins.
  • The IMX token has swung bullish after Immutable’s 2.9 million IMX token rewards.
  • Growth on web3 gaming and regulatory clarity are potential catalysts for IMX price.

Immutable (IMX) has surged 17% in the past 24 hours and more than 50% over the week as gains put IMX among the top performers on the day.

Gaming partnerships, enhanced token rewards, and favorable regulatory developments have all helped IMX price in recent weeks, and the token currently outpaces top altcoins.

Altcoin rally and Immutable’s 17% price gain

Immutable’s explosive growth is promoted by a series of high-profile partnerships that have strengthened its position in the web3 gaming sector.

A notable collaboration with South Korean gaming giant Netmarble, has expanded Immutable’s reach into mainstream gaming markets in addition to a recent integration with Chainers, a web3 MMO game, unveiled on September 16, 2025.

These partnerships, alongside earlier collaborations with Ubisoft and GameStop, have driven on-chain activity.

Notably, Messari’s Q1 2025 report noted a 5.7% quarter-on-quarter increase in daily transactions on the platform.

The merger of Immutable with Immutable’s zkEVM chain, forming the “Immutable Chain,” has further optimized scalability, attracting developers and players alike.

These developments have cemented Immutable’s reputation as a leading platform for NFT-based gaming, contributing significantly to IMX’s recent price surge.

The IMX token has shown resilience, rising to a rank of 90th among top cryptocurrencies after previously falling out of the top 100 earlier this year.

This uptrend provides a notable contrast to the broader crypto gaming sector, which has faced significant headwinds.

Numerous projects in the space have reportedly ceased operations due to funding challenges and unsustainable economic models.

IMX price gains amid rewards

Immutable’s mobilization is also driven by enhanced token rewards and positive regulatory shifts, with recently increased weekly IMX token rewards to approximately 2.9 million, boosting liquidity and incentivizing user participation.

A partnership with Seychelles-based MEXC exchange enables seamless token transfers to Immutable’s zkEVM chain, enhancing accessibility for investors.

Immutable co-founder Robbie Ferguson highlighted some of the milestones for IMX over the past year. He shared this via X.

Catalysts for IMX price?

Developments in regulatory front also helped IMX’s surge.

In March, the US Securities and Exchange Commission (SEC) concluded its probe into Immutable.

The move signaled a more favorable stance toward blockchain gaming.

Additionally, the SEC’s approval of generic listing standards for commodity-based trust shares has improved sentiment for altcoin ETFs, indirectly benefiting IMX.

Immutable price chart by CoinMarketCap

The token could break above the psychological level of $1 in coming weeks after it hit highs of $0.96, its highest mark since February.

While Immutable’s rally aligns with strong fundamentals related to web3 gaming, and broader market optimism, traders may derail the momentum over the past month.

Mainly, the corrections will be down to profit taking and a downturn for the market. In this case, $0.45 and $0.30 are key support zones.

The post Immutable price: IMX surges 17% to outpace top altcoins appeared first on CoinJournal.