Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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PYTH skyrockets 60% as US government taps Pyth Network to verify economic data on-chain

  • The US Department of Commerce has published GDB on blockchain for the first time.
  • It has selected Pyth Network as the oracle platform to verify and distribute economic data.
  • PYTH saw a sharp price increase after the news.

The United States continues to establish itself as the international hub for blockchain and cryptocurrency undertakings.

In a groundbreaking move, the US Department of Commerce confirmed today that it will start publishing GDP (gross domestic product) data on blockchain, starting with last month’s figures.

The announcement catalyzed bullish sentiments across the cryptocurrency space, especially for the project that the government picked.

The US Department of Commerce has worked with nine blockchains and leading exchanges.

To ensure data accessibility and reliability, it chose Chainlink and Pyth Network.

Pyth Network at the center of historic move

The Department revealed that it published the official hash of its quarterly GDP data across nine networks: Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Tron, Polygon PoS, Optimism, Stellar, and Arbitrum One.

Also, it has worked with leading exchanges, including Coinbase, Kraken, and Gemini, to facilitate the latest release.

Furthermore, the US Department of Commerce tapped oracle providers Chainlink and Pyth Network to guarantee reliability and accuracy.

PYTH rallied immediately after the news as the community celebrated the project’s “validation moment.”

Pyth Network focuses on bringing real-time, high-quality data on-chain.

Thus, the announcement represented a watershed moment for the altcoin, as it anticipates lucrative use cases.

The government’s reliance on Pyth’s oracle service validates its infrastructure and status as a trusted player in the integration between decentralized networks and public institutions.

Government ratification fuels confidence

Howard Lutnick, US Secretary of Commerce, commented on the benefits of this move.

He perceives it as a part of the President’s strategy to make America the hub of blockchain. Lutnick said:

It’s only fitting that the Commerce Department and President Donald Trump, the crypto-President, publicly release economic statistical data on the blockchain. We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.

The high-profile commendation has put the Pyth Network on the map as a trusted oracle protocol authorized by the government.

Officials confirmed that it will leverage oracles like Pyth to release other datasets, beyond GDP.

PYTH price outlook

The native coin exploded within minutes after the collaboration updates.

PYTH trades at $1891 after gaining around 62% from its daily low.

The staggering 2,400% uptick in trading volume signals massive interest in the altcoin.

Also, Pyth Network’s market capitalization has crossed the $1 billion mark for the first time since February 2025.

The US government endorsement positions PYTH for impressive performance in the coming months and years.

The development could bolster institutional demand from firms exploring blockchain to provide accurate and reliable data.

Prevailing sentiments suggest PYTH might have secured the needed catalyst to recover to its 2024 all-time highs above $1.

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Treehouse (TREE) soars 89% on Upbit listing, can the altcoin sustain the gains?

  • The price of Treehouse (TREE) surged to $0.5943 before retracing to around $0.4294.
  • Today’s price surge is due to TREE’s listing on Upbit, which fueled a sharp volume spike.
  • Key levels to watch include support at $0.3953, and resistances at $0.4842 and $0.6000.

Treehouse (TREE) stunned traders today after soaring to an intraday high of $0.5943 before pulling back to around $0.4294.

The explosive move, fueled by a listing on Upbit crypto exchange, has thrust TREE into the spotlight.

The pressing question now is whether the altcoin can sustain the momentum or if it is setting up for a sharp reversal back to previous lows.

Upbit listing drives surge

The dramatic price spike came on the back of major exchange listings that have expanded TREE’s accessibility to traders worldwide.

Precisely, South Korea’s Upbit has today revealed it would list TREE in the KRW, BTC, and USDT markets, with trading support officially starting at 4:00 PM KST.

Earlier, on August 8, Bithumb also added TREE to its KRW market, opening the floodgates for Korean retail and institutional demand.

In July, Binance announced it was adding TREE as loan collateral, sparking an immediate surge in trading activity.

According to market data, TREE’s 24-hour volume ballooned by more than 1000% to $306 million, highlighting just how quickly liquidity rushed into the token once new on-ramps became available.

TREE finds momentum: from lows to highs in days

The listings come at a time when Treehouse has been steadily building its ecosystem.

The project, a decentralised fixed-income protocol, allows users to deposit assets such as ETH and receive tokenised versions (tAssets) that can be deployed in automated vault strategies.

TREE functions as the governance and utility token, powering predictions, fee payments, and rewards.

Its integrations with DeFi heavyweights like Aave and Compound have further strengthened its positioning.

With more than 15 exchange listings already under its belt, including Coinbase and KuCoin, Treehouse is no longer a fringe token. Instead, it is emerging as one of the more liquid small-cap assets on the market.

https://twitter.com/TreehouseFi/status/1950572601065271304

What makes the latest TREE price surge even more striking is the timing. TREE hit an all-time low of just $0.2791 on August 25, barely three days before the wave of listings and announcements.

The rebound to nearly $0.60 represents an 89% move in a single session, underscoring just how quickly sentiment around the altcoin shifted.

The price action, however, has not been entirely one-sided. After the vertical pump, TREE retraced sharply, cooling off from its peak to around $0.4294.

That pullback has left traders debating whether this was merely a healthy correction before another leg higher or the beginning of a deeper reversal.

Treehouse price outlook

Analysts are now watching critical levels to determine TREE’s next move.

Should the pullback extend, the token could retest support near $0.3953, a level many traders see as pivotal for maintaining the uptrend.

On the upside, momentum traders are targeting a rebound toward $0.4842, followed by $0.5400 and possibly another push toward $0.6000 if buying pressure returns.

With Q3 launches of tAVAX and tBNB still on the horizon, Treehouse has potential catalysts that could sustain investor interest.

However, the volatility surrounding its recent listings means price swings are likely to remain sharp.

Whether TREE consolidates its recent gains or revisits its lows will depend largely on how long the listing-driven hype translates into real demand.

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PUMP circulating supply shrinks as Pump.fun’s total buybacks surpass $58M

  • The Launchpad bought PUMP worth $10.6M last week.
  • fun has spent more than $58M to repurchase the native token.
  • The program has reduced the PUMP circulating supply by 4.26%.

The Solana-based meme trading and creation platform is once again in the spotlight, this time with its significant buyback program.

Pump.fun has announced that it used $10,657,503 to buy PUMP between August 20 and 26.

The number made headlines as it represents 99.32% of the total revenue the network yielded in that timeframe.

The move reflects Pump.fun’s dedication to strengthening PUMP’s tokenomics through steady investment.

That’s vital, especially since the platform lost its key investors after massive exits.

Last week’s over $10 million buyback reinforces investor confidence in the team’s long-term vision while injecting new demand into the altcoin.

Pump.fun buybacks top $58 million

The meme generator launched its buyback program in mid-July with plans to reinvest all platform revenue into native PUMP.

Pump.fun has accumulated tokens worth over $58 million since introducing the initiative.

The team said:

To date, Pump.fun has purchased a total of $58,134,191 million PUMP tokens, offsetting 4.261% of the circulating supply.

That’s a substantial milestone that places the project among the top networks known for direct asset purchases.

Meanwhile, the impact of the Pump.fun’s buyback is notable.

The project has trimmed the PUMP circulating supply by 4.261%.

Sustained supply reduction could have bullish effects as it translates to scarcity and increased demand.

What does it mean for holders?

Buybacks often indicate confidence and trust from the project’s team.

For Pump.fun, the strategy has two key impacts.

Firstly, weekly purchases will bolster demand for the native coin.

Also, removing a massive supply will trim supply, which could ensure price stability and growth in the coming times.

Such mechanisms attract experienced investors since they position the alt as an asset with stable demand, not hype.

Sentiment and market response

Cryptocurrency enthusiasts are always quick to discover massive buybacks, and it was the same for Pump.fun.

While the latest $58 million milestone confirms the launchpad’s strength, the comment sector appeared dissatisfied.

Most people focused on the upcoming airdrop, which the PUMP team confirmed will not happen soon.

Also, skeptics caution that the platform might not sustain such buybacks as they rely on consistent revenue generation.

Pump.fun should ensure continued growth for steady fund flows for the repurchase strategy.

Meanwhile, one X user remained optimistic, stating:

Consistent offsets like this tighten supply and make every new demand spike more impactful.

PUMP price outlook

The native token has failed to recover from its initial sell-off.

PUMP changes hands at $0.01557 after losing 28% and 40% in the past month and week.

Technical indicators demonstrate PUMP’s near-term weakness, exacerbated by the ongoing broader market bloodbath.

The meme cryptocurrency hovers well below the 50 and 100-EMAs on the 3H timeframe.

Also, the MACD signals dominant selling pressure with a bold crossover and red histograms.

The RSI at 10 confirmed faded momentum, but the oversold signals hint at possible reversals.

The team should elevate the project’s appeal among investors and traders to enhance sentiment.

While buybacks are bullish, steady demand from the community is essential for a full impact.

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Aave’s new Horizon allows institutions to borrow stablecoins using real-world assets

  • The platform facilitates stablecoin loans backed by institutional funds and tokenized Treasurys.
  • Horizon bridges TradFi and DeFi with 24/7 institutional-level borrowing.
  • AAVE gained 12% the previous week.

Aave Labs has launched an advanced platform that enables institutions to borrow stablecoins using real-world assets (RWAs) like collateralized loan debts and US Treasury.

The Horizon borrowing tool marks a key step toward integrating decentralized finance (DeFi) and traditional finance (TradFi).

Meanwhile, it reflects Aave’s thriving lending market with institutional-grade products that combine DeFi’s efficiency and transparency with the compliance that top financial players seek.

Commenting on the development, Aave founder Stani Kulechov said:

Horizon is built for the growth of tokenized real-world collateral, enabling lending and borrowing at an institutional scale. Horizon delivers the infrastructure and deep liquidity that institutions require to operate on-chain, unlocking 24/7 access, transparency, and more efficient markets.

Businesses and large-scale investors can use Horizon to borrow stablecoins like Ripple’s RLUSD, Aave’s GHO, and USDC using real-world assets like real estate and tokenized US Treasurys as collateral.

How Horizon works

The new platform leverages Aave V3’s permissioned version.

Aave Labs launched the upgraded Aave version three network to serve as its leading lending protocol.

Meanwhile, Horizon enables institutions to interact with the blockchain industry without regulatory obstacles.

All borrowers need to do is deposit tokenized securities, including funds, as collateral and borrow USDC, GHO, and RLUSD.

Notably, stablecoin issuers will handle compliance, determining qualified participants and which assets they can interact with.

Furthermore, Horizon ensures a permissionless stablecoin market, allowing the DeFi landscape to remain composable and connected 24/7.

The timing matters

Horizon’s launch comes as tokenized RWA gains traction as the next phase of blockchain innovation.

Leading businesses, government bonds, and private equity are navigating tokenization to make illiquid assets tradable and more accessible.

Aave will gain increased utility and liquidity as individuals use traditional assets to secure stablecoin loans.

Furthermore, they can free up funds without offloading their long-term holdings, while enjoying blockchain’s 24/7 settlement perks.

Also, Aave DAO can generate additional revenue through Horizon’s undertakings.

Such moves cement Aave’s position as a top player in DeFi lending.

Stablecoins have seen increased traction since the US regulated the sector, and Aave looks ready to pioneer the closely-watched financial revolution.

AAVE price outlook

The alt trades at $327 after gaining more than 12% within the past week.

AAVE has dipped from the August 23 peak of $376 amidst the broader market decline.

Its short-term structure reflects bear dominance, with a 1% price decline in the past 24 hours.

AAVE’s 24-hour trading volume is down 25%.

That reflects faded trader enthusiasm in the digital token.

The 3H MACD highlights dwindling momentum with red histograms.

Also, the Relative Strength Index signals seller control.

Broad market downturn contributes to AAVE’s short-term bearishness.

Crypto analyst and trader Alex Clay highlights a monthly pattern that can propel the altcoin to $1,000 if confirmed.

That would mean an approximately 200% gain from AAVE’s current market price.

However, continued ecosystem development and broader market bull run remain essential for such a rally.

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Mantle price outlook: recovery ahead or more bearish pressure for MNT?

  • Exchange listings on Coinbase and Bybit temporarily lifted the price of Mantle (MNT).
  • MNT’s price has bounced from a key support at $1.23 amid neutral technical signals.
  • Strong TVL and stablecoin growth support Mantle’s long-term outlook.

The price of Mantle (MNT) cryptocurrency has been on a sharp decline for the past week, dropping by over 19%.

However, the token has seen some relief today, rising by over 3% following some major exchange listings.

But the question on the trader’s mind is whether this marks the end of the bearish correction or is it just another break on the bearish pullback.

Exchange listings halt weekly drop

MNT’s recent price uptick comes in the wake of strategic exchange integrations, particularly on Coinbase International and Bybit.

The launch of perpetual futures on Coinbase, combined with Bybit’s EU Launchpool offering, has injected fresh momentum into the market.

Bybit alone accounts for roughly 37% of MNT’s daily trading volume, with VIP perks and a 250,000 USDT prize pool encouraging retail participation.

These listings have temporarily stemmed the weekly decline, demonstrating the power of exchange-driven liquidity in supporting token demand.

Despite this short-term relief, some traders have already taken profits following the new listings, contributing to a continued week-over-week dip of nearly 15%, as noted in recent social media commentary.

However, while exchange promotions can create sudden buying surges, the sustainability of this recovery remains uncertain, especially as open interest on Coinbase futures has declined post-launch.

Mantle (MNT) price analysis

Technically, Mantle has bounced from the 61.8% Fibonacci retracement around $1.14 after a 19% weekly decline.

Mantle price analysis

Technical indicators, including an RSI of 55.48 and a slightly bearish MACD histogram, suggest neutral momentum with room for short-term volatility.

The immediate resistance lies near $1.40, close to MNT’s April 2024 all-time high, and a failure to break above this level could maintain the bearish pressure.

Looking at the broader Mantle ecosystem, the Total Value Locked (TVL) has surged to $460.04 million, fueled by its liquid staking solution mETH, which has become the fourth-largest liquid staking token with $1.69 billion in TVL.

Stablecoin adoption within the Mantle network has also grown significantly, hitting a record $713.8 million, highlighting strong capital inflows and growing DeFi activity.

These technicals and fundamentals point to underlying support for the token, even amid short-term corrections.

MNT price outlook moving forward

Looking ahead, the outlook for Mantle (MNT) balances cautiously between optimism and caution.

On the bullish side, the network’s institutional products, such as the MI4 fund with over $218 million in assets, demonstrate growing confidence from professional investors.

Further adoption is anticipated through Bybit’s continued integration, the beta launch of the UR banking app, and Mantle’s transition toward zero-knowledge rollups aimed at enhancing scalability and security.

However, short-term traders should be wary of profit-taking dynamics and potential dips below the $1.23 support level, which could trigger further declines to the 38.2% Fibonacci retracement near $1.12.

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