Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch

A simmering crypto rally boiled over into a full-blown frenzy during late US trading hours on Tuesday, after Treasury Secretary Scott Bessent dropped a bombshell suggestion that sent shockwaves through the market: the Federal Reserve should consider an aggressive 50 basis point rate cut.

His words acted like rocket fuel for risk assets, unleashing a powerful new leg higher for altcoins while leaving Bitcoin watching from the sidelines.

The market-moving comments came during an interview on Fox News, where Bessent openly questioned the central bank’s next move. 

“The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent stated. He went further, criticizing the central bank’s information-gathering process, adding that the Fed could have cut rates as early as June if it had been given accurate data, which he described as a “foundational issue.”

The Bessent fffect: unleashing the bulls

While markets had already almost fully baked in a standard 25 basis point cut for September, the mere mention of a 50-point move from a figure of Bessent’s stature completely reset expectations.

Although the Treasury Secretary is not a member of the Federal Reserve, his words carry immense weight.

President Trump has tasked him with leading the search for a replacement for current Fed Chair Jerome Powell, making his views a potential preview of the central bank’s future policy direction.

The reaction was immediate and fierce. Ether (ETH), already enjoying a positive day, blasted higher, surging nearly 9% over the past 24 hours to trade above $4,600 for the first time since the heady days of November 2021.

An altcoin affair

This was emphatically an altcoin-driven rally. Other major cryptocurrencies joined the surge, with Cardano (ADA), Solana (SOL), and Litecoin (LTC) each rocketing ahead by about 8%. XRP also caught a bid, rising 3.5%.

This flood of capital into digital assets mirrored a rally in equity markets, which climbed more than 1%, while the dollar weakened against all major currencies.

Conspicuously absent from the party were the Bitcoin bulls.

The world’s largest cryptocurrency remained largely unchanged, hovering around the $120,000 mark, suggesting traders were selectively deploying capital into assets perceived to have more immediate upside in a “risk-on” environment.

The stage for this dramatic late-day surge had been set earlier on Tuesday morning. The initial spark for the rally came after new data showed US consumer prices in July rising roughly in line with economist estimates, providing a sigh of relief.

But it was Bessent’s unexpected words that turned that sigh of relief into a roar of speculative excitement.

The post Altcoins soar, Bitcoin stalls as Fed rate cut speculation hits fever pitch appeared first on CoinJournal.

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CYBER price explodes 80% to YTD high above $4.5: here’s why

  • Cyber price rose 80% in 24 hours to hit $4.5.
  • Broader market sentiment and Upbit listing catalysed the gains.
  • If the broader crypto market continues its upward trend, CYBER price could target a new all-time high.

Cyber (CYBER), the native token of the CyberConnect ecosystem, has witnessed an impressive 80% surge in 24 hours to hit highs of $4.5, its highest level since January 2025.

This explosive price gain has captured the market’s attention, with daily volume spiking more than 825% to over $410 million.

Meanwhile, the market cap has jumped to over $154 million. Per data from CoinMarketCap, CYBER ranks as the best performing altcoin in the top 500 by market cap, outpacing peers.

Why is Cyber price skyrocketing?

Cryptocurrencies bounced as Bitcoin broke to $122k before retreating, and Cyber price picked up momentum amid this move.

However, the likely trigger for CYBER’s sharp gains in the past 24 hours looks to be the official listing of the token on Upbit, the largest crypto exchange in South Korea.

On August 12, 2025, Upbit announced trading support for CYBER with Korean won and Tether (USDT).

The CYBER/KRW and CYBER/USDT pairs going live on the exchange have injected fresh liquidity and visibility for the token, attracting further buy-side pressure.

Upbit’s decision to support CYBER adds to the excitement around the decentralised social platform, with CYBER seeing its biggest jump in nearly eight months.

Cyber treasury strategy

As well as the Upbit listing, bullish market sentiment around altcoins is key to CYBER price gains.

Cyber Foundation also recently announced the major milestone that saw NYSE-listed company Enlightify Inc become the first publicly-traded company to initiate a treasury strategy for CYBER.

Enlightify plans to accumulate up to $20 million worth of CYBER tokens for the next 12 months.

This trend has driven the Ethereum price to above $4,300 and helped Solana, XRP and other top alts to retest key supply wall areas.

CYBER price could benefit from such a trend.

“Institutional engagement with digital assets has long centered on passive BTC or ETH holdings. Enlightify’s plan to build a treasury position in CYBER—the native token that powers Cyber’s decentralized AI and social infrastructure—signals a broader shift toward recognizing the long-term value of specialized blockchain networks,” the Cyber team noted.

CYBER price forecast: is a new all-time high next?

Elsewhere, the technical outlook for CYBER suggests room for further growth.

Cyber price chart by TradingView

Breaking through key resistance levels near $4.0 amid a surge in trading volume suggests upside strength.

Indicators such as the Relative Strength Index (RSI) on the weekly chart align with the bullish momentum.

The chart shows CYBER is not overly extended in the overbought territory.

Bulls could aim for $6 and then $10, with the all-time high above $15 possible in 2025.

However, the profit taking seen across the market has helped bears revisit lows of $3.15. CYBER currently trades around $3.41 and bulls need to reclaim $4.00 to have the upper hand.

The post CYBER price explodes 80% to YTD high above $4.5: here’s why appeared first on CoinJournal.

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Toncoin outlook as Coinbase Ventures joins TON’s mission to supercharge crypto adoption

  • Coinbase Ventures is officially a Toncoin holder, representing a key endorsement of TON’s mission.
  • The Open Network aims to bring crypto to billions of users through Telegram.
  • Toncoin price flashed bullish sentiments following the revelations.

Most altcoins displayed weakness late on Monday as Bitcoin’s rising dominance dents the altseason narrative.

While BTC sets the market tone, the Ton Foundation announced a significant win for its global vision of making cryptocurrencies accessible to the masses.

The Foundation took it to X to announce that Coinbase Ventures is among the holders of its native token, Toncoin.

While it didn’t disclose the size of their allocation, the move reflects confidence in TON’s digital assets adoption ambitions.

Commenting on the development, the TON team perceives the gestures as:

Another strong sign of belief in our mission: bringing crypto to the masses through Telegram’s billions of users through real utility, real adoption, and real ownership.

The announcement has sparked debates within the Toncoin community, boosting sentiments among holders.

For The Open Network, the investment represents a partnership that could unlock mainstream recognition and global adoption.

The native coin reflected the prevailing optimism with minor price jumps despite a bearish bias in the broad market.

Bringing cryptocurrencies to the masses

TON has a simple and ambitious objectives, which have drawn industry leaders like Verb Technology.

It looks to make crypto part of our day-to-day activities.

The team aims to leverage Telegram’s nearly 1 billion users to create a venue where transferring digital assets is as easy as sending messages.

The Open Network removes daunting technical barriers and complex onboarding processes, focusing on real-world utility integrated within an application that people use daily.

Meanwhile, Coinbase’s support matters for the project.

Coinbase Ventures is among the dominant names in the cryptocurrency sector, known for backing projects that grow into industry leaders.

Coinbase Ventures’ involvement boosts brand exposure, attracting exchange integration and elevating assets’ appeal to retail and institutional investors.

Thus, TON could benefit from increased market reach, strategic connection with Western investors, and attention in the international cryptocurrency conversation.

Toncoin’s team said:

As one of the most recognized investors in the Web3 space, Coinbase Ventures, joining the growing list of Toncoin holders is a major vote of confidence in the future of The Open Network.

Notably, Coinbase Ventures joins other early supporters – Benchmark, Ribbit Capital, and Sequoia Capital.

These companies have gained prominence for spotting lucrative projects long before they attain mainstream recognition.

Toncoin price outlook

The alt trades at $3.37 after gaining 1.7% in the past 24 hours.

Toncoin displays resilience as bearish tendencies dominate the crypto sector.

While continued broad market declines could erase Toncoin’s latest gains, Coinbase Ventures’ support indicates trust in the token’s long-term potential.

Most importantly, developments like these reveal which projects to track amid bull runs.

Toncoin’s current price places it beneath the crucial 0.618 FIB resistance.

The area has historically catalyzed significant trend reversals.

Surpassing this hurdle could trigger gains towards $5.0 – $5.5 and towards all-time highs above $8.

However, failure to hold above the support barrier at $3.0 might herald price dips to the $2.20 foothold.

The post Toncoin outlook as Coinbase Ventures joins TON’s mission to supercharge crypto adoption appeared first on CoinJournal.

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Test (TST) price turns bearish as developer liquidates entire holdings

  • A developer wallet has sold TST worth $30,400 in four transactions.
  • The participant has fully exited his TST position, sparking concerns among the community.
  • Data shows the alt’s open interest plunged 6.15%, highlighting emerging bearish sentiments.

Digital tokens performed well on Monday as the cryptocurrency market capitalization reclaimed $4 trillion, with Bitcoin surpassing $122,000.

While Ethereum’s jump past $4,300 renewed the altseason narrative, Test’s (TST) momentum weakened as transactions involving its creator dented sentiments.

Gmgn data shows the investor dumped his entire TST stash within 12 hours, offloading assets worth around $30,400.

The wallet executed the sell-off in four different transactions, leaving the portfolio without Test tokens.

While the amount might not sound staggering in the cryptocurrency industry, it’s enough to dent confidence in niche and smaller-cap tokens like TST.

Market players often perceive a full exit by an insider or developer as a negative gesture.

The altcoin is already flashing bearish signals. It has lost around 1.40% in the past 24 hours despite broad market recoveries.

Also, data shows TST’s Open Interest has dipped by 6.15%, confirming that traders are closing existing positions.

Why the dump matters

Investors often view team and developer holdings as “trust anchors.”

If individuals who launched the asset still hold a substantial stake, it signals confidence in the project’s future.

However, the perceived confidence dwindles once they liquidate their entire holdings.

For the Test coin, the optics are challenging.

The remarkable 2025 surge to $0.52 materialized as the community misinterpreted Binance founder Changpeng Zhao’s tutorial as an endorsement.

CZ clarified that the Test was just an experimental coin for BNB Chain’s tutorial and not an investment vehicle.

He even confirmed that they had deleted the address used to create a token.

That meant no individual could interact with or alter the digital token anymore.

Thus, the sudden developer exit raised eyebrows.

Is it a calculated exit ahead of possible volatility or offloading assets left from tutorial days?

Bearish sentiments prevail

TST’s momentum has shifted to bearish following the developments.

Coinglass data shows its Open Interest plunged sharply by 6.15% after the sudden sell-off.

For context, Open Interest tracks the total outstanding perpetual swap or futures contracts.

A decline in this metric shows traders exiting positions without executing new ones, indicating increased caution or fading optimism.

Also, TST displays weakness on its daily price chart.

It has retraced to $0.02561 with a 30% increase in 24-hour trading volume, indicating increased activity from participants potentially closing their positions.

Test Token: a coin with zero purpose?

TST’s primary challenge is that it lacks real-world utility.

It was an experimental asset to show developers how to deploy tokens on the BNB Chain.

TST doesn’t power any NFT platform, metaverse project, or DeFi app.

However, even useless things can find a considerable following in the crypto world.

TST has over 16K followers on X. Players often treat these assets like meme tokens, waiting for hype to propel prices.

Meanwhile, the latest developer exit has tested the community’s optimism.

The post Test (TST) price turns bearish as developer liquidates entire holdings appeared first on CoinJournal.

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Stellar (XLM) eyes 35% rally as Ripple and SEC end 5-year legal battle

  • Ripple Labs and the regulator jointly withdrew their respective appeals.
  • The resolution has bolstered sentiments across the industry.
  • XLM has breached a crucial resistance, hinting at continued rallies.

Digital tokens recorded significant rallies in the past day as the global crypto market cap increased by over 3.50% to $3.87 trillion.

Meanwhile, XRP and XLM are stealing the show technically and fundamentally, boosted by the latest regulatory developments.

On August 7, the United States Securities & Exchange Commission filed a joint dismissal of its prolonged case.

The move has closed a lawsuit that has persisted for almost half a decade, and one that has been a proxy for digital asset regulations in the US.

The news renewed interest in remittance tokens XRP and XLM.

Ripple’s native token jumped from yesterday’s $2.97 to $3.36 at press time.

Meanwhile, this article checks how the Ripple vs SEC conclusion could impact Stellar price movements in the near term.

Why Ripple-SEC dismissal matters for XLM

First and foremost, Jed McCaleb founded Stellar and co-founded Ripple.

XLM and XRP have a common goal of revolutionizing international payments.

They aim to offer cheaper and quicker alternatives for sending money globally.

The duo focuses on financial-level offerings, helping banks complete cross-border transactions.

Meanwhile, XRP and XLM often display a strong correlation in price actions, especially after news or developments linked to the blockchain company Ripple.

Ripple will likely shift focus to building its global payment infrastructure as courtroom battles end.

That could see the remittance sector flourishing with reinvigorated interest in the coming sessions.

That will possibly translate to impressive price actions.

XLM hovers at a critical region, positioning it for remarkable uptrends.

XLM price outlook

Stellar is among the top-performing digital assets today.

It has gained over 16% in the past 24 hours to $0.4626.

XLM’s 24-hour trading volume has surged more than 200% in the previous day, signaling robust interest in the token.

The current market price places Stellar above the significant resistance region at $0.40 – $0.45.

A decisive candlestick close beyond this area could spark upside continuation.

The price chart supports XLM’s bullish narrative.

The latest rally has propelled it out of a prolonged downtrend.

For the context, Stellar recorded sluggish performance between 2024 and mid-2025.

Meanwhile, the price breached the resistance trendline in late last month, with substantial volumes indicating a buyers’ comeback.

XLM has climbed from $0.36 on August 2 to today’s intraday highs above $0.46.

The current outlook suggests further gains for the altcoin.

The cryptocurrency space thrives on trust and confidence, which Stellar has gained following the latest Ripple-SEC decision.

Bulls will target the obstacle above $0.51.

Increased buyer action here can fuel uptrends to the November 2024 high of $0.6360.

That would mean an over 35% upsurge from XLM’s market price.

However, the $0.40 – $0.45 zone remains vital in shaping Stellar’s short-term outlook.

Failure to close above this mark would delay the projected rally and catalyze notable declines or consolidations.

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