Why did Conflux price spike 38% today?

  • Conflux price rose 38% amid multiple key integrations.
  • Bulls could push CFX price to $0.50 and target $1 in the short term.
  • Most cryptocurrencies are trading at key support levels, with Conflux set to ride on overall bullish sentiment.

Conflux (CFX) price rose 38% in 24 hours to hit highs of $0.27 and lead top gainers in early trading on July 29.

The gains came amid several strategic integrations and partnerships for Conflux, with daily volume also rising as CFX jumped to prices last seen in mid-April.

A technical outlook suggests a retest of the $0.50 level is possible as Conflux continues to attract attention as a decentralised finance and artificial intelligence ecosystem.

Conflux price: CFX gains amid major network integrations

Conflux Network’s native token has benefited from fresh upside momentum as the ecosystem sees a series of high-profile collaborations.

Both in DeFi and AI, these integrations are set to enhance the utility and market appeal of CFX.

Among the pivotal developments is the partnership with OrcaMind.AI, which brings AI-driven payment solutions to the Conflux Network.

Set to amplify upside momentum is the announcement that Conflux Network has joined forces with Fufuture, a decentralised perpetuals platform, a move set to integrate advanced trading capabilities and expand CFX adoption.

These efforts add to recent momentum fueled by Conflux’s partnership with AnchorX and Eastcompeace Technology to unveil an offshore yuan-pegged stablecoin.

“We have joined forces with AnchorX and Eastcompeace Technology for offshore RMB stablecoin (AxCNH) projects, cross-border settlement, and RWA initiatives across Belt and Road countries,” Conflux posted on X.

Also crucial is Conflux’s mainnet upgrade, with transactions boost adding to scalability as the network looks to expand its footprint across real-world assets tokenisation and cross-border payments.

Support in China is a major factor for CFX.

CFX price outlook

Bullish sentiment has indeed catalysed a 34% uptick this past week and over 250% in the past month.

However, Conflux price remains well off the all-time high of $1.70 reached in 2021.

Conflux price chart by CoinMarketCap

What’s next for CFX is therefore a key sentiment factor for analysts and investors, who might look at the 24-hour spike of 38% and 250% in 30 days as a pointer to where prices might go next.

The integrations and partnerships could drive more gains, albeit with market volatility and the overall crypto outlook a significant consideration.

But should the network continue to leverage AI integration and cross-chain capabilities, a bounce in altcoins will solidify CFX’s upward potential.

A breakout to $0.50 in the short term will allow bulls to target $1 and higher. Meanwhile, a downward flip may bring $0.20 and 0.15 into play as support levels.

The post Why did Conflux price spike 38% today? appeared first on CoinJournal.

BNB sets altcoin market abuzz amid major Wall Street treasury bets

  • BNB price rallied to new all-time highs amid major institutional interest.
  • After Nano Labs earlier in the day, CEA Industries Inc. (Nasdaq: VAPE) and 10X Capital are eyeing up to $1.25 billion to buy BNB.
  • Initiative could see BNB price explode in coming days.

BNB price soared to a new all-time high of $859 on Monday as an unprecedented institutional interest and strategic corporate investment bet in the digital asset emerged.

With Nano Labs doubling down on BNB earlier in the week, it was another Wall Street firm that added to the frenzy of publicly traded companies eyeing BNB.

That initiative is the plan to raise up to $1.25 billion for BNB by CEA Industries Inc. and 10X Capital – backed by Binance founder Changpeng Zhao’s YZi Labs.

BNB price hovered around $847 at the time of writing.

CEA Industries and 10X Capital’s takes bold BNB bet

On Friday, CEA Industries Inc. (Nasdaq: VAPE) and 10X Capital, backed by YZi Labs, announced a $500 million private placement.

The companies are looking to establish the largest publicly-listed BNB treasury company in the U.S.

The deal, which could reach $1.25 billion with exercised warrants, aims to acquire substantial BNB holdings, and will offer institutional and retail investors exposure to the BNB Chain ecosystem.

Led by David Namdar, co-founder of Galaxy Digital, and Russell Read, former chief investment officer of CalPERS, the initiative comes as BNB stands out.

The coin’s surge to a new all-time high puts these plans into sharper focus, bringing more attention to the cryptocurrency.

“Treasury companies have proven to be the cleanest, most transparent gateway for institutions to access digital assets. With BNB powering hundreds of millions of users globally, this marks the right time for a well-capitalized BNB treasury company to enter the U.S. market,” said Hans Thomas, founder and CEO of 10X Capital.

The PIPE has attracted over 140 subscribers, with both institutional and crypto-natives joining in.

Apart from YZi Labs, others are Pantera Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Kenetic, and Protocol Ventures.

BNB, SOL, and XRP gains amid treasury strategies

BNB’s price surge aligns with broader market enthusiasm for digital asset treasuries.

Trading at $847 with a 4.6% daily gain and $3.9 billion in trading volume, BNB is eyeing a potential breakout to $1,000 or higher.

Much of the upside comes amid a surge in BNB treasury commitments- efforts also seen across Solana, XRP and Ethereum.

For BNB, such efforts include Nano Labs and Windtree Therapeutics, which recently revealed a $700 million commitment towards a BNB treasury strategy.

Elsewhere, VivoPower International has launched an XRP-focused treasury, while Upexi and DeFi Development Corp have its eyes on SOL as a treasury asset.

The post BNB sets altcoin market abuzz amid major Wall Street treasury bets appeared first on CoinJournal.

Pendle TVL surpasses $7B ATH as new catalysts emerge: what’s next?

  • The protocol’s TVL touched $7.02 billion today.
  • Upcoming developments like Boros, HyperEVM, and Converge suggest continued growth.
  • PENDLE’s price has turned bullish after an 8% rally.

Tokenization platform Pendle has attained a new all-time high in total value locked today, hitting $7.021 billion.

It has topped June 2024’s historical peak of $7.013 billion.

The timing could not be better.

The TVL milestone comes as Pendle awaits vital developments in the coming weeks and months, including hyperEVL expansion, Boros release, and Converge launch.

Meanwhile, the total value locked surge signals more capital as users trust Pendle’s yield-trading mechanism, especially following the latest stablecoin regulation.

Digital tokens backed by real-world assets have seen increased appetite since the US signed the GENIUS Act.

This article evaluates what to expect as the protocol braces for key catalysts.

HyperEVM expansion sparks bullish momentum

Pendle has remained on the crypto community’s radar as it prepares to launch HyperEVM.

Speculations suggest that this fastest-growing and most active EVM-compatible chain might go live as soon as this week.

HyperEVM will enhance the protocol’s cross-chain interoperability and access to new audiences.

The upcoming product is more than a Layer 1 or Layer 2.

HyperEVM is ushering in the next generation of DeFi apps.

Pendle’s early integration would enhance its appeal for collaborations, user activity, and new markets for magnified liquidity.

The team launched Hyperwaverfi on July 23 to prepare for the HyperEVM launch.

Boros to unlock new utility

Another catalyst positioning PENDLE for continued growth is the Boros product.

While details remain scarce, Boros aims to significantly improve the ecosystem’s TAM (Total Addressable Market) and introduce new utility for yield-bearing assets.

Some suggest that it will allow traders to trade funding rates without interacting with perps and lock in fixed rates.

The product is scheduled for an August release and would cement Pendle’s value proposition as it attracts more capital and users.

Converge alliance adds momentum

Pendle is among the top partners of the upcoming Converge platform, signaling a deeper connection with modular DeFi protocols.

The tokenization platform will help unlock yield-trading on multiple dollarized assets.

The collaboration reflects Pendle’s commitment to on-chain finance.

It will likely boost the blockchain’s usage and visibility, translating to more benefits for PENDLE holders.

According to Converge:

Tokenized assets need predictable, liquid, and composable yield rails. By building on Converge, Pendle brings fixed-rate products, yield hedging, and liquidity strategies to tokenized securities and institutional-grade dollar instruments.

The upcoming launches, stablecoin growth, and protocol expansion will likely trigger more growth for Pendle in the coming times.

PENDLE price outlook

The altcoin trades at $4.72 after an impressive performance over the past 24 hours.

Overcoming the crucial resistance between $4.80 and $4.90 could support substantial gains towards $9.

PENDLE trades above the 50- and 100 Exponential Moving Averages on the 1D chart, signaling an upside momentum.

Positive broad market sentiments amid the upcoming Pendle catalysts position the altcoin for significant growth in the coming weeks and months.

The post Pendle TVL surpasses $7B ATH as new catalysts emerge: what’s next? appeared first on CoinJournal.

SUI price: bulls eye all-time high amid spike above $4

  • Sui’s price is above $4.20 after surging more than 56% over the past month. 
  • The token’s rally has pushed the total value locked to all-time highs amid a surge in open interest.
  • Bulls could target the SUI all-time high of $5.35 reached in January 2025.

Sui (SUI) has broken above $4.20 amid a notable 56% surge over the past month.

This rally brings SUI tantalizingly close to its all-time high of $5.35, recorded in January 2025.

It also means an impressive rally from April lows of $1.90, putting the token alongside top performers PancakeSwap, BNB and Optimism.

Sui price jumps above $4 as TVL, open interest surge

While Sui isn’t the standout performer in the past day or week, the token has gained over 56% in the past month.

This has allowed it to break above $4.20 and see bulls come within reach of all-time highs witnessed in January 2025.

Sui is also significantly up since lows of $1.9 in April 2025, with the cryptocurrency showing remarkable recovery since plummeting amid the Cetus protocol hack.

Bulls’ dominance as top altcoins rally means Sui has experienced a notable spike in its total value locked (TVL).

According to DeFiLlama, the project’s TVL has surpassed $3 billion, including staking, borrowings and vesting tokens.

Key protocols like Suilend, NAVI and Bluefin have witnessed a spike in their respective TVLs to boost Sui’s.

As well as DeFi activity, Sui is recording notable upside in the futures market.

Per data by Coinglass, open interest in SUI has surged 10% to $2.7 billion, with strong speculative interest showing in the $7.4 billion in derivatives volume.

Long positions dominate, suggesting overall bullish sentiment. As TVL rises and open interest grows, Sui’s market outlook becomes increasingly bullish.

If market conditions support an upward flip, it could be a new ATH for Sui within the short term.

Token unlocks are nonetheless a factor to watch.

SUI price prediction

Looking at the technical picture, SUI’s price trajectory appears upbeat.

Technical indicators, such as the Relative Strength Index (RSI), support the bullish outlook.

RSI currently sits at 65, having retreated from overbought territory, which means there’s room for further gains without SUI flipping immediately overheating.

SUI chart by TradingView

Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover.

The MACD line is above the signal line to suggest bulls have an upper hand.

Despite an upcoming cliff unlock, analysts predict SUI price could soon retest its all-time high of $5.35.

Price discovery could push the token’s value even higher. However, the token unlock and short-term profit taking may derail bulls.

SUI currently trades around $4.21, about 6% up in the past week.

The post SUI price: bulls eye all-time high amid spike above $4 appeared first on CoinJournal.

Optimism price spikes as OP lands on South Korea’s largest crypto exchange

  • Optimism price increased by more than 13% to highs of $0.84 amid gains for PancakeSwap, Ethena and SPX6900.
  • Upbit, South Korea’s leading crypto exchange, announced the listing of the Ethereum layer 2 scaling solution’s native token OP.
  • The price of OP could explode 100% as bulls eye $2.

Optimism (OP) price is up double-digits, mirroring moves by PancakeSwap, Ethena and SPX6900 as top altcoins by 24-hour gains.

Gains for the native token of the Ethereum layer 2 scaling solution come amid a major boost from Upbit, South Korea’s dominant crypto exchange.

With new trading pairs set to launch for OP, price could follow.

South Korea’s Upbit adds support for Optimism

Upbit, a titan in South Korea’s crypto landscape, is rolling out new trading pairs for Optimism (OP).

The exchange said this in an official announcement posted earlier today.

In it, Upbit confirms that trading support will kick off at 16:30 KST, bringing massive trading volume and liquidity to OP.

With South Korea being a big crypto market, this news has buoyed OP’s daily volume and price.

As noted, Optimism has managed an impressive 13% spike from its recent trough of $0.71 to a peak of $0.84.

The surge is accompanied by a staggering 420% spike in trading volume, which surged past $700 million.

It’s a reaction that reinforces Upbit’s reputation as one of crypto’s biggest exchanges by daily volume.

The listing may bolster bulls and bring new highs into the picture.

OP has also traded higher in recent weeks after $956 billion asset manager Hamilton Lane expanded its flagship fund, Senior Credit Opportunities Securitize Fund (SCOPE), to Optimism and the Ethereum mainnet.

Optimism price forecast: Another 100% gain for OP?

As the crypto market holds onto bullish sentiment and analysts say altcoin season is yet to unfold, one of the coins to watch is Optimism.

The OP token teeters on the verge of a breakout, with Upbit’s listing a potentially huge catalyst.

Notably, the exchange’s vast user base and low 0.05% KRW trading fees could propel OP into the spotlight, potentially attracting both retail and institutional players.

A look at technical indicators shows bulls have an upper hand.

Optimism price chart by TradingView

The daily chart has a rising Relative Strength Index (RSI), which signals robust buying pressure.

OP’s price outlook is also positive as indicated by the Moving Average Convergence Divergence (MACD), currently sporting a bullish crossover.

While Optimism price hovers near $0.82 at the time of writing, upside momentum amid fresh retail demand could help push it past $1.

The token last traded at highs of $1.2 in April. If buyers reclaim this level, a break to $2 and YTD peak of $2.1 is likely.

However, if sellers emerge amid the Upbit listing-driven hype, primary support levels are around $0.74 and $0.68.

The post Optimism price spikes as OP lands on South Korea’s largest crypto exchange appeared first on CoinJournal.