Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Aster price risks dip below $1 despite major buyback plan

  • The ASTER token is teetering near a critical support level of $1.03-$1.00.
  • A potential drop below $1 risks triggering further declines to $0.90.
  • The outlook is despite a buyback plan the Aster team announced on Friday.

Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co-founder Changpeng Zhao, has unveiled a significant buyback initiative to bolster its native token, ASTER.

Announced earlier today, the plan proposes allocating 70-80% of Season 3 fees toward ASTER buybacks, contingent on market conditions.

However, despite this bold move, market data and technical outlook suggest that ASTER faces substantial risks of dipping below the critical $1 psychological support level.

Aster team plans major token buyback

The ASTER token is currently trading at $1.06, just in the red.

However, the DEX token faces notable selling pressure as has been seen in the past week and month.

On Friday, the cryptocurrency failed to climb despite earlier gains.

Intraday upticks saw the altcoin’s price reject in the $1.12 and $1.15 region, with gains and the subsequent selling pressure coming amid a major ASTER buyback announcement.

Why is ASTER price down today?

Aster fell amid negative news on Thursday. Today, the token’s price action reflects a fragile market, with technical indicators pointing to potential downside risks.

Notably, Aster has lost over 55% of its value since the peak of $2.42 reached in September.

The rally that saw the exchange platform challenge and even surpass Hyperliquid in volume has dissipated, and the altcoin’s 24-hour trading volume, while robust, has dropped below $800 million.

Market sentiment is further strained amid overall crypto action.

On Friday, following high anticipation, the Bureau of Labor Statistics released the Consumer Price Index inflation for September.

After an initial uptick alongside stocks, Bitcoin and Ethereum as well as most cryptocurrencies showed subdued action.

The US CPI report, which indicated cooling inflation, failed to inspire sustained bullish momentum across the crypto sector.

While the Dow Jones Industrial Average had spiked by over 530 points as of writing, Bitcoin failed to rally above $111,000, and ETH pared gains from near $4,000.

Aster price signalled a similar outlook despite the team’s buyback announcement.

Is ASTER set to dump below $1?

Technical indicators highlight that the current price is at a critical support zone.

A downturn below $1.03 means bears could strengthen in the $0.93-$0.97 region. ASTER could drop to lows of $0.90.

Meanwhile, robust resistance lies in the $1.12-$1.15 zone, with a break to above $1.24 potentially triggering an upward momentum toward $1.52 and then $1.60.

Aster price chart by TraddingView

In any case, ASTER’s ability to hold above $1 is crucial for this bullish outlook.

The buyback plan’s execution and broader market stabilization will be key for buyers.

The token’s institutional backing and multi-chain architecture may also offer a foundation for recovery.

However, the overall crypto market outlook suggests uncertainty could deter short-term holders.

The post Aster price risks dip below $1 despite major buyback plan appeared first on CoinJournal.

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PUMP rallies 11% as Pump.fun acquires PadreApp to advance multi-chain trading

  • The Launchpad has purchased a thriving multi-chain trading terminal.
  • The alliance merges Padre’s high-speed execution and Pump.fun’s user-friendly platform.
  • PUMP has gained over 11% amid the news.

Cryptocurrencies maintained mild bullishness on Friday as Trump pardoned Changpeng Zhao, and JPMorgan introduced BTC and ETH collateral fueling momentum.

The global crypto market capitalization saw a modest 0.8% hours to $3.73 trillion.

As altcoins displayed mixed performance, Pump.fun’s native coin stole the show with an impressive jump.

PUMP increased from $0.003757 low on its daily chart to a $0.004179 intraday peak – an 11.23% uptick.

The digital coin’s bullish momentum coincides with an optimistic announcement from the Launchpad.

The Solana-based token generator has confirmed buying PadreApp, a flourishing multi-chain trading terminal that supports Ethereum, Solana, Base, and BNB Chain.

Pump.fun’s team expressed excitement about the acquisition, stating:

The Padre team is exceptional builders who have been building in crypto for multiple cycles and have always put users first. With our resources and unique position as the most dominant and innovative Launchpad, Padre will be able to unlock more edge for traders than any competitor.

Notably, the Padre App has gained traction for its high-speed trading performance, innovative analytics, and seamless user experience.

Such perks make the application a reliable tool for active traders, catering to experienced and new players.

Thus, the purchase positions Pump.fun to capture more engagement and trading volume, essential factors in the competitive blockchain industry.

Understanding PadreApp

PadreApp is a new entrant in the institutional-grade trading sector.

It has attracted a loyal community due to its innovativeness.

Pump.fun highlights the application’s competitive fees, cashback system, high-end user experience, support for traders, and advanced core technology.

According to the Pump.fun team:

Padre is an industry-leading trading terminal which provides a seamless, high-speed trading experience with next-level analytics for professional traders.

What’s next for PadreApp

Pump.fun declared that Padre will continue running as normal, enabling individuals to buy and sell assets on all leading DEXs and launchpads on Ethereum L1, Base, BNB Chain, and Solana.

Moreover, the application will maintain its ultra-fast shipping.

Meanwhile, users will experience various changes, including enhanced user experience for all coins launched on Pump.fun, magnified trading incentives, and improved speed and data.

Most importantly, the PADRE token will discontinue as it lacks utility on the platform.

The changes aim to advance Padre, making it a powerful tool for retail and professional traders within Pump.fun’s expanding ecosystem.

PUMP soars 11%

Pump.fun’s native token exhibited a bullish bias amidst the acquisition updates.

It is trading at $0.004016 after correcting from intraday highs.

While buyers dominate the short-term outlook, the 13% decline in 24-hour trading volume suggests weakness.

Thus, PUMP might erase the gains, especially as selling pressure overwhelms the broader market.

Technical indicators also suggest short-lived gains for PUMP.

The 1H Moving Average Convergence Divergence demonstrates buyer exhaustion as red histograms surface.

Moreover, the RSI suggests weak momentum.

Nevertheless, extended overall market recoveries will fuel continued PUMP rallies.

The post PUMP rallies 11% as Pump.fun acquires PadreApp to advance multi-chain trading appeared first on CoinJournal.

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Uniswap Foundation (UNI) awards Brevis $9M grant to accelerate V4 adoption

  • Brevis will develop a trustless rebate system for routers that integrate v4 hooked pools.
  • The initiative will verify rebates automatically without centralized supervision.
  • The program aims to supercharge Uniswap v4 adoption by rewarding aggregators.

The Uniswap Foundation has awarded blockchain infrastructure company Brevis a significant grant in efforts to fuel the adoption of its recent upgrade, Uniswap 4.

According to today’s official blog, the foundation plans to allocate up to $9 million to launch and manage an innovative Hooks Routing Rebate program.

The new initiative offers gas rebates to routers that have integrated v4’s hooked pool.

Notably, the grant aims to hasten Uniswap’s version 4 adoption.

The announcement indicated:

To accelerate v4 hook adoption and make aggregator integration more rewarding, Uniswap has awarded a grant to Brevis to leverage its ZK Data Coprocessor and zkVM to deliver trustless gas rebates to any routers that route order flow through v4 hooked pools.

The decentralized trading protocol released its V4 update early this year, introducing advanced features like hooks – which are modules that developers can use to personalize liquidity pools.

Moreover, V4 launched a singleton infrastructure that merges pools under a single contract.

These upgrades introduced friendly fees, on-chain automation, and enhanced experience for decentralized application (dApp) developers.

Furthermore, v4 promised traders reduced slippage, lowered fees, and more efficient trade execution.

The January 31 blog read:

Beyond customizability, Uniswap v4 provides gas savings for both swappers and LPs. Creating new pools with v4 is up to 99.99% cheaper than in previous versions, and swappers can expect gas savings on multi-hop swaps.

Rewarding aggregators after resource-intensive tasks

Besides introducing new advancements, the upgrade brought new challenges for decentralized aggregators like Velora, 1inch, and 0X.

Decentralized aggregators are platforms that find the top trade routes by combining liquidity across different DEXs.

Previous versions had easier integrations.

For instance, Uniswap v2 adopted a constant-product approach, whereas version 3 amplified complexity through concentrated liquidity and fee tiers.

Nonetheless, v3 still ensures a consistent model.

Meanwhile, the much-awaited Uniswap version 4 allowed each pool to function independently based on the hooks it utilizes.

With that, hooks could introduce new execution ideas, apply special trading conditions, and adjust fees.

That offers the flexibility that boosts integration.

However, it made everything demanding and complex, as aggregators should familiarize themselves with how every personalized pool functions before using it to route trades.

That’s where the new rebate program by the Uniswap Foundation comes in.

The initiative allows the interoperable protocol to incentivize routers that integrate hooked pools successfully, offering up to $9 million in gas rebates.

Users will receive the rewards automatically according to their routing activity.

Meanwhile, these rebates can lower trading fees, fund ecosystem developments, and offset gas expenses.

The team said:

These rebates provide routers new economic relief to experiment with v4 hooks. Whether routers use them to offset their own operating costs, pass rebates back to traders as lower fees, or build sustainable treasuries, the result is the same: faster integrations, deeper liquidity, and better swap execution with reduced fees for users.

Uniswap’s native token, UNI, trades at $6.24 after an over 1% increase in the past 24 hours.

 

 

The post Uniswap Foundation (UNI) awards Brevis $9M grant to accelerate V4 adoption appeared first on CoinJournal.

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Bitcoin’s institutional surge widens trillion-dollar gap with altcoins

  • A trillion-dollar valuation gap now separates Bitcoin from other tokens.
  • Altcoin market capitalisation could be $800 billion higher, data shows.
  • A US-China trade selloff erased $380 billion from crypto markets.

Bitcoin’s growing dominance in institutional portfolios has created a near-trillion-dollar gap between the world’s largest cryptocurrency and its altcoin peers, according to new data shared by 10x Research.

The report attributes this widening divide to a structural shift in investor behaviour, particularly among retail traders in South Korea, who have redirected funds from altcoins to crypto-linked equities and exchange-listed vehicles that hold tokens.

Retail shift weakens altcoin liquidity

10x Research found that altcoin market capitalisation could be about $800 billion higher if retail investors—especially in South Korea—had not channelled their funds into crypto-related stocks and other equity markets.

Altcoins, which typically rely on retail liquidity to sustain upward momentum, have failed to attract enough new capital in this cycle.

Historically, South Korean traders have been a major force behind the altcoin boom.

Local exchanges have seen altcoins account for more than 80% of total trading activity, a stark contrast to global platforms where Bitcoin and Ether dominate 50% or more of daily volume.

But that pattern has shifted sharply this year, leading to a liquidity shortfall for smaller digital assets.

South Korea’s trading activity declines

From 5 November through 28 November 2024, the daily average trading volume on South Korean crypto exchanges stood at $9.4 billion, surpassing the $7 billion traded on the Kospi stock market during the same period, according to data from CCData and the Korea Exchange.

However, since then, 10x Research noted a steep decline in crypto activity, suggesting that retail participation has cooled significantly.

The report highlights that South Korea’s declining appetite for riskier altcoins has been instrumental in their recent underperformance.

Retail investors who once drove speculative rallies in coins such as XRP, Cardano, and Solana have turned instead to listed blockchain firms and exchange-traded vehicles offering indirect crypto exposure.

This shift has contributed to the overall weakness in altcoin prices.

Market losses deepen amid trade tensions

A recent selloff in the broader cryptocurrency market, triggered by escalating US-China trade tensions, exacerbated the situation.

The correction wiped out about $380 billion from total market value, with roughly $131 billion concentrated in altcoins, according to 10x Research’s data.

While Bitcoin and altcoins both suffered declines, smaller coins bore the brunt as investors sought safety in the more established and liquid assets.

Bitcoin’s appeal as a hedge within the crypto ecosystem has strengthened, reinforcing its dominance during market stress.

The selloff underscores a changing market structure where altcoins are increasingly viewed as speculative instruments, while Bitcoin’s perceived institutional legitimacy provides it with greater resilience during downturns.

As capital concentrates around Bitcoin and select equities, the broader altcoin market faces challenges in regaining lost momentum.

The post Bitcoin’s institutional surge widens trillion-dollar gap with altcoins appeared first on CoinJournal.

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Succinct (PROVE) price eyes $1.74 peak amid volume spike

  • Succinct price jumped 20% amid a 228% spike in daily volume.
  • PROVE outpaced most altcoins in the top 100 by market cap as bulls looked to break above $1.
  • The altcoin traded higher amid a zero-knowledge proofs milestone on Arbitrum.

Succinct (PROVE) trends among cryptocurrency outperformers in the past 24 hours, with double-digit gains pushing the verifiable computation protocol’s native token to above $1.00.

As Ethereum’s Layer 2 ecosystems push boundaries in scalability and security, PROVE’s latest momentum aligns with fresh investor confidence.

Particularly, Succinct’s zero-knowledge proofs milestone on Arbitrum has coincided with the price surge.

The PROVE token mirrors gains for SynFutures, Aster and World Liberty Financial. Ethereum is also up amid CPI anticipation.

Succinct price tests $1 amid a 200% volume spike

The Succinct token (PROVE) rose sharply on Friday to test the psychologically significant $1.00 threshold.

Gains came as trading activity exploded, with PROVE climbing more than 20% from recent lows of $0.79 to highs of $1.02.

The uptick positioned Succinct as a standout performer in the altcoin space, outpacing Ethereum and other top altcoins.

Significantly, the upward pressure for the altcoin comes on the heels of a dramatic 228% spike in trading volume.

Market data from CoinMarketCap indicated Succinct’s volume exceeded $146 million as PROVE hovered above $0.98 amid a slight retreat. 

However, PROVE price has jumped by more than 137% since touching lows of $0.41 on October 11, 2025.

Bulls could eye strengthening above $1 in the coming weeks, with the target on a new all-time high. 

As PROVE hovers near $1, the combination of price appreciation and elevated volume suggests a breakout is likely.

The token reached its all-time peak of $1.73 in August 2025. Downside action could rely on critical support around $0.75.

Succinct Chart
Succinct prove chart by CoinMarketCap

Succinct hits key milestone

The crypto market has shown lacklustre action these past few days. However, Succinct has jumped by more than 32% in the past week. 

Amid this market outlook, Succinct has achieved a landmark advancement in its mission to democratize ZK proofs.

The protocol recently announced the implementation of zero-knowledge proofs tailored for Arbitrum, Ethereum’s leading optimistic rollup.

Through its SP1 zero-knowledge virtual machine, Succinct has verified real Arbitrum blocks while maintaining seamless compatibility with the Ethereum Virtual Machine and Stylus smart contracts.

By enabling ZK proofs across all Arbitrum chains, including those built on the Orbit stack, Succinct unlocks new possibilities for modular DeFi, cross-chain bridges, and privacy-enhanced applications.

For the Succinct ecosystem, it solidifies PROVE’s utility as the economic backbone for proof generation, staking, and governance. 

In August, while disclosing a strategic partnership with Tandem, the Succinct team said the integration with Arbitrum could be key to PROVE revenue. 

“Since Arbitrum chains account for ~50% of L2 TVS, our rollup market just doubled. If the SPN can monetize a fraction of that value, it will unlock hundreds of millions in revenue for our ecosystem,” they posted on X.

While volatility remains inherent in crypto markets, the milestone and other developments affirm the Succinct’s edge against industry peers.

Traders will watch the market closely for signals of upward momentum.

The post Succinct (PROVE) price eyes $1.74 peak amid volume spike appeared first on CoinJournal.