Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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FTT price turns bullish as SBF claims FTX exchange was never insolvent

  • Sam Bankman-Fried and his team continue to defend themselves.
  • SBF’s X account posted a long document on Thursday claiming the exchange wasn’t actually insolvent.
  • FTT has decoupled from broader dips with a 2% uptick.

An X account, currently controlled by a friend of Sam Bankman-Fried, stirred the cryptocurrency market with a post claiming that the firm wasn’t insolvent.

The 15-page document claims FTX encountered a liquidity crisis that “was on track to be resolved by the end of the month” until the exchange’s external counsel assumed control. It declared:

FTX was never bankrupt, even when its lawyers placed it into bankruptcy.

The disgraced founder and his team supposedly wrote the document, which highlights that the exchange didn’t file for bankruptcy after a plan to commit fraud and mishandle billions of customer funds, as the court concluded.

They insist that FTX encountered a liquidity crunch after “a sudden shortage of cash.

Meanwhile, the exchange’s native token, which has survived without solid utility since FTX’s debacle, turned bullish amid the developments.

FTT gained more than 2% on its daily chart to trade at $0.8473.

Its trading volume has increased by over 25%, indicating optimism.

For context, the global crypto market capitalization remained muted the past 24 hours with a mere 0.08% uptick to $3.7 trillion.

FTX had enough funds during the collapse

The document argues that the cryptocurrency exchange and sister company Alameda boasted assets worth $25 billion, alongside $16 billion in equity value, against liabilities worth $13 billion, as it fell in 2022.

That means a net value of approximately $28 billion. It added:

During the crisis, the value of the assets and (presumably) equity took a temporary hit, but even at the peak of the crisis, the companies remained solvent – even if one were to ignore equity.

SBF and his team claim their empire would be worth roughly $136 billion if lawyers didn’t sell assets that they invested in.

That would comprise a $7.6 billion stake in Robinhood broker, $14.3 billion investment in AI startup Anthropic, among other assets.

Community response

However, cryptocurrency enthusiasts and online investigators aren’t buying SBF’s claims.

Some believe these are desperate attempts to secure a pardon, after Donald Trump’s similar move on Binance founder CZ.

Meanwhile, some questioned why FTX suspended withdrawals if it had enough money for creditors.

A DeFi enthusiast and X user, Hanzo, referenced the incident where Bybit suffered $1 billion ETF scam, stating:

Many CEXs went through stress tests after some massive fuck ups, and they all are here.

FTT price outlook

FTX’s native token gained more than 2% amid these developments.

It is hovering at $0.8473, with soaring trading volumes highlighting enthusiasm.

Nevertheless, FTT recoveries will likely be short-lived.

Broader market weakness and negative community reaction to the team’s claims weigh on the digital token.

The post FTT price turns bullish as SBF claims FTX exchange was never insolvent appeared first on CoinJournal.

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Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

  • The whitepaper announces the world’s first AI-backed RWA marketplace.
  • It launches on BNB Chain, welcoming participation from AI developers and GPU owners.
  • AVL gains over 15% on the daily timeframe before cooling.

Amid broader weakness, Avalon Labs fueled optimism through the blockchain industry after releasing its highly anticipated whitepaper.

The document highlights the firm’s mission for launching the world’s first AI-driven RWA marketplace, alongside an AI-MaaS (AI-Model-as-a-Service) platform, which merges blockchain with artificial intelligence.

The new project will debut exclusively on BNB Chain, a move that could welcome lucrative opportunities for GPU owners and AI developers.

The move heralds the next stage of RWA tokenisation’s evolution – powered by innovations beyond blockchain, including self-learning AI programs and intelligent.

According to the announcement:

This marketplace is open to all GPU hardware owners and AI model developers. Our first launch will feature a Reinforcement Learning Model (RL Model) deployed by Avalon abs in collaboration with our AI partner, powered by H200 GPU hardware as the foundation.

Avalon Labs’ alt saw a sharp uptick following the whitepaper release.

AVL soared from the daily low of $0.1436 to $0.1668 – a 16% increase.

However, the digital token has retraced as hype fades and bearish broader sentiments.

Meanwhile, Avalon Labs plans to create a platform that supports artificial intelligence innovation.

The project aims to provide contributors and developers a fair environment to engage in the AI economy.

Avalon to tokenise commercial rights

Beyond the AI-driven marketplace, Avalon Labs also introduced the CRT (Commercial Rights Tokenization) standard.

The concept introduces a new framework for tokenizing commercial rights linked to goods, services, and assets.

CRT might transform how businesses connect with investors and raise capital.

For instance, an enterprise can tokenize rights to future services or sales and offer them to customers via on-chain contracts.

The mode bridged blockchain with traditional commerce to provide a new option for SMEs to access liquidity as investors gain exposure to RWA streams.

The whitepaper highlighted:

CRT isolates and tokenizes commercial rights of access and service. This enables commodities, services, and goods to be legally structured, accessed, exchanged, and monetized through blockchain infrastructure in a regulatory-compliant manner.

Precisely, Avalon Labs is going beyond asset tokenization. It is tokenizing the rights that add value to those assets.

AVL price outlook

Avalon Labs’ native token decoupled from broader declines as the whitepaper sparked optimism.

AVL soared roughly 16% from a daily low of $0.1436 to $0.1668 intraday peak.

Its 24-hour trading volume surged 50% to signal trader enthusiasm.

Nevertheless, it has cooled to $0.1570 as hype fades, possibly as bears rattled the overall cryptocurrency sector.

Continued broader dups could see AVL erasing its latest gains before establishing a decisive trajectory.

The post Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace appeared first on CoinJournal.

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Cronos (CRO) rolls out “Smarturn” upgrade for advanced EVM features

  • Cronos EVM v1.5.0 has officially debuted today, October 30.
  • The upgrade introduces new EVM opcodes, smart accounts, and enhanced interoperability.
  • Smarturn targets a more flexible, faster, and developer-friendly blockchain.

The Cronos blockchain has announced the launch of its anticipated Smarturn upgrade, welcoming a new era in its network evolution.

The update brings significant improvements across Cronos’s Ethereum Virtual Machine (EVM), including increased interoperability, enhanced ecosystem performance, and smooth wallet functionality.

According to the announcement:

This mainnet upgrade marks a major leap in Cronos’ evolution – unlocking smart accounts, new EVM features, and improved performance for developers and users alike.

The blockchain temporarily paused operations for roughly 60 minutes to integrate the new components.

Meanwhile, services are resuming gradually as the Cronos ecosystem undergoes a key milestone.

Smarturn aims to revolutionize Cronos through speed and compatibility using its unique innovations.

Smarter accounts arrive on Cronos

The high-end EIP-7702 smart account support is at the core of Cronos’ latest upgrade. With this feature, regular user wallets (Externally Owned Account (EOA) can perform like smart contract wallets.

That helps unlock capabilities previously possible via different accounts. According to the official blog:

EIP-7702 bridges this gap by letting EOAs act like smart contracts. The assigned contract code remains valid until the account issues a new authorization, which can apply to one chain or to multiple chains simultaneously.

Individuals can now perform different activities without changing account types, including using flexible gas payment methods, personalizing permissions, batching many transactions, and programming wallet behavior.

With EIP-7702, Cronos joins the few EVM-compatible platforms boasting such a level of account abstraction, merging automated control with simplicity.

The functionality will advance DeFi platforms and decentralized applications (dApps) on the Cronos blockchain through efficiency and user-friendliness.

Performance sees a massive boost

Furthermore, Cronos upgraded its EVM’s VM to operate on go-Ethereum v1.15.11, aligning with Ethereum’s Prague and Cancun upgrades.

The update aims to make contract execution and transacting cheaper and faster.

Also, it brings comprehensive client improvements and new EVM opcodes on Cronos to enhance efficiency, developer experience, and debugging. The team added:

These opcodes collectively make contract execution more efficient for complex DeFi, gaming contracts that handle multiple operations per transaction, and other computation-heavy applications.

Together, these upgrades make the Cronos EVM runtime faster, lighter, and more developer-centric.

Enhanced interoperability and tools

Smarturn also improves infrastructure for cross-chain builders and developers.

For instance, a new RPC endpoint enables the fetching of full block data in a single query.

That’s a win for dApp backends, analytics dashboards, and blockchain explorers.

Moreover, the mempool now allows users to cancel or speed up pending transactions.

That improves responsiveness amid massive network load.

Also, Cronos has adopted IBC v2 through ibc-go v10.1.1 to bolster cross-chain communication.

CRO price outlook

The alt hovered at $0.1470 after dropping roughly 1.5% the past 24 hours.

Its daily trading volume has collapsed by more than 60%, signaling faded enthusiasm.

Nonetheless, CRO reflects the broader sentiments.

Bitcoin trades below the key $110,000 after shedding nearly 3% of its value over the previous 24 hours.

Markets lost momentum after Powell’s cautious remarks concerning a rate cut in December.

The post Cronos (CRO) rolls out “Smarturn” upgrade for advanced EVM features appeared first on CoinJournal.

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Maple Finance (SYRUP) surges 12% as protocol revenue hits record $2.16M in October

  • Maple Finance (SYRUP) price rose 12% on strong volume.
  • Gains see bulls converge near the key resistance zone of $0.50.
  • The uptick comes as Maple hits a new all-time high in monthly protocol revenue.

Maple Finance (SYRUP) price is experiencing a notable outperformance.

According to CoinMarketCap data, the on-chain asset management platform’s native token has spiked more than 12% in the past 24 hours, outpacing the broader cryptocurrency market.

Notably, gains align with the platform’s record-breaking revenue performance in October 2025, and come amid key recent developments for the Maple Finance ecosystem.

SYRUP price jumps 12%, outpaces crypto market

Cryptocurrencies showed a muted reaction to the Federal Reserve’s 25 basis points interest rate cut on Oct. 29. Prices fell amid Fed chair Jerome Powell’s speech.

Bitcoin and top altcoins also showed a similar outlook during Asian hours on Thursday despite positive U.S.-China trade talks reports.

However, amid this generally subdued crypto market reaction, Maple Finance shone.

The SYRUP token registered an impressive 12% increase over the past 24 hours as it hit highs of $0.45.

This surge saw the DeFi token stand alongside Zcash, Euler and Aerodrome Finance as some of the top performers on the day with double digit gains. While selling has token’s price off intraday highs, bulls are looking to hold near $0.42.

Maple Finance SYRUP
SYRUP price chart by CoinMarketCap

For SYRUP, gains come amid robust trading activity.

CoinMarketCap data shows a sustained bullish momentum on the back of strong trading volume of $76.4 million – up 120% in 24 hours.

As bulls gather near a critical resistance level of $0.50, it appears fresh capital flows into Maple’s offerings and significant sector traction could aid the SYRUP price.

Maple Finance hits $2.16M in monthly protocol revenue

As SYRUP holders cheer their latest gains, also on the agenda is Maple Finance’s milestone of a new all-time high in monthly protocol revenue.

Per details, Maple reached $2.159 million for October 2025. This milestone represents a significant leap from previous months.

Maple Finance
Maple Finance revenue chart from Dune Analytics

For context, revenue figures from earlier months showed a progressive climb.

The protocol started from modest levels around $100,000 in early 2024, before jumping to about $1.2 million by mid-2025. In October, that figure stood at over $2 million.

Notably, the revenue boost stems from increased activity in Maple’s lending and asset management services, which cater to institutional players seeking on-chain solutions.

Protocol fees from borrowing, lending, and yield-generating activities have increased substantially, reflecting the platform’s success in scaling its operations.

Key gains, in both price and revenue, are unfolding against a backdrop of strategic milestones for Maple Finance. One is the sunsetting of SYRUP staking to introduce buybacks.

The platform recently forged a partnership with Aave, a leading DeFi lending protocol, to introduce institutional-grade credit options.

This collaboration allows for the listing of assets like syrupUSDT on Aave’s markets, enhancing liquidity and capital efficiency for users.

Additionally, Maple recently announced reaching $5 billion in assets under management (AUM), a testament to its growing influence in managing on-chain investments.

The post Maple Finance (SYRUP) surges 12% as protocol revenue hits record $2.16M in October appeared first on CoinJournal.

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Official Trump ($TRUMP) soars 13% as meme issuer eyes Republic acquisition

  • Fight Fight Fight LLC is reportedly planning to purchase Republic’s US operations.
  • The deal might enrich the meme’s utility in payment apps and startup fundraising.
  • $TRUMP traders are enjoying profits amidst the rebound.

Bearish sentiments gripped the cryptocurrency market today as Bitcoin plunged below $110,000.

While the 2% decline in global market capitalisation confirms broader weakness, the Official Trump meme token maintained a bullish 24-hour chart.

The meme crypto extended its weekly gains to over 40% after rallying 13% the previous day.

$TRUMP continued its rally after news emerged that the company behind the project, Fight Fight Fight LLC, plans to acquire the US operations of a leading crowdfunding and investment platform, Republic.

The news stirred the digital assets community, propelling the politically charged altcoin over the last 24 hours.

What started as a satirical token tied to the US president could be evolving into a financial product that experiments with the combination of real-world finance, blockchain fundraising, and politics.

Notably, Republic offers retail and institutional investors streamlined access to startup fundraising, RWAs, and tokenised investments.

Integrating Official Trump into Republic’s ecosystem could merge meme crypto enthusiasm and real-world blockchain use cases.

Imagine investing in a themed token that funds startups, backs innovative ventures, or even supports online payments.

$TRUMP eyes real-world utility with the Republic deal

If successful, the strategic acquisition would enable Fight Fight Fight LLC to control Republic’s robust crowdfunding ecosystem.

The meme coin will possibly leverage Republic’s reputation to gain legitimacy and credibility.

Such perks can attract more investors and partnerships.

Republic’s role in fueling blockchain adoption

Republic has been vital in supporting cryptocurrency’s mainstream acceptance.

It focuses on inclusive investment models and tokenisation, allowing individuals to own fractions of real-world assets previously restricted to wealthy investors and venture capitalists.

Now, Fight Fight Fight LLC wants to gain control of Republic’s operations in the United States.

Besides boosted exposure, the deal could mean access to a regulatory ecosystem, a significant user base, and a bridge between fast-moving meme culture and traditional finance.

$TRUMP price outlook

The digital asset is trading at $8.20 after a brief correction from daily peaks.

Its daily trading volume has increased by more than 35% to $2.6 billion.

Rising volumes amid bullish price actions signal trader optimism and possibilities of continued rallies.

$TRUMP has gained over 41% the previous week, and bulls seem ready to push for more.

Moreover, prevailing whale activity suggests confidence in $TRUMP’s performance.

For instance, one trader is dominating Hyperliquid and Solana platforms with substantial bets on the meme token.

According to Lookonchain, this participant spent 5,346 Solana tokens, worth around $1.07 million, to buy 165,401 TRUMP coins on the SOL blockchain.

He entered at roughly $6.45, and is now cheering approximately $335,000 unrealized profit.

The same investor deposited $485,669 in USDC into the perp DEX Hyperliquid.

Here, the player used maximum leverage for a $9.5 million long position.

As of this writing, the trader sat on roughly $1.18 million in unrealized gains, bringing his total returns to $1.5 million.

The latest whale activity paints an optimistic picture for Official Trump in the near term.

Corporate expansion developments and the excitement around the alt as Donald Trump discusses a trade deal with China’s Xi Jinping has formed a mix of momentum and hype.

 

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