Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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XRP price targets breakout above $3 as BTC hits fresh ATH

  • XRP price has gained 5% to hit $2.50, its highest level in nearly two months.
  • Ripple’s token appears poised to challenge its 2025 high of $3.40.
  • A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10.

Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718.

Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels. Amid this bullish wave, XRP broke to $2.5, reaching its highest level since May 2023.

This uptick, bolstered by fundamental developments and Ripple CEO Brad Garlinghouse’s recent Senate testimony, has sparked speculation about a potential breakout above $3, with analysts eyeing a new all-time high for XRP.

XRP price: bulls reach $2.5

XRP has surged to $2.50, marking a 5% increase in the last 24 hours and a nearly 11% gain in the past week. The altcoin’s upward momentum saw it reach its highest price since May 2023, when it traded above $2.58.

Gains on the day come as the broader cryptocurrency market rides a fresh wave of bullish sentiment. As noted, Bitcoin’s new peak above $113k has seemingly set the tone for altcoin rallies.

ETH and SOL have posted gains of 5% to 6%, while BNB is looking to follow suit with a 2% uptick in the last 24 hours.

XRP chart on CoinMarketCap

Ripple’s strategic advancements, including its application for a US banking license and a partnership with BNY Mellon to custody Ripple’s USD-backed stablecoin, RLUSD, have buoyed XRP price.

Additionally, Garlinghouse’s testimony before the US Senate Banking Committee on July 9, 2025, where he emphasized regulatory clarity for digital assets, has reinforced XRP’s position as a major crypto market player.

Ripple price prediction: Is XRP set for new all-time high?

As altcoins stack gains, analysts are increasingly optimistic about an altseason.

XRP’s trajectory, with derivatives markets signaling strong bullish momentum and key fundamental milestones, could rally hard.

According to Coinglass, XRP’s futures open interest has surged to $5.89 billion, up 6%. Growing investor confidence and speculative bets on further price increases have also seen the derivatives volume surge over 27% to $9.84 billion.

On the technical front, XRP’s chart shows promising signals.

XRP Price
XRP chart by TradingView

The daily chart shows the Relative Strength Index (RSI) at 69, indicating strong buying pressure.

While it is upsloping, the RSI has not pierced into the overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover, suggesting upward momentum.

If upside strength holds, a break to resistance at $2.70 will bring $3.00 into play. The all-time high of $3.84 will be the next target. On the flipside, the critical support area is at $2.29 and $2.10.

The post XRP price targets breakout above $3 as BTC hits fresh ATH appeared first on CoinJournal.

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GMX price dives 20% after $40 million hack

  • GMX price fell 20% after the decentralised perpetuals exchange suffered a $40 million exploit on its V1 platform.
  • Investor panic and concerns over repeated security incidents put bulls under pressure near $11.45.
  • GMX’s response to stabilise confidence and mitigate further losses will be key.

GMX, an on-chain perpetual and spot exchange, experienced a substantial security breach.

The exploit, which resulted in the loss of approximately $40 million, has triggered a sharp decline in the value of the GMX token.

As far as hacks go, this incident further underscores the dangers and impact of persistent vulnerabilities within the decentralised finance space.

Prices have often dipped sharply amid such news.

GMX hacked for $40 million

On July 9, 2025, GMX announced that its V1 platform and GLP liquidity pool on the Arbitrum network were compromised, leading to the unauthorised transfer of around $40 million in tokens to an unknown wallet.

The GMX team detailed in a post by X that, following the incident, trading, minting, and redeeming of GLP on both Arbitrum and Avalanche were disabled to mitigate further risks.

SlowMist also highlighted the exploit, noting on X:

“The root cause of this attack stems from GMX v1’s design flaw where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.”

By leveraging the Keeper’s ability to enable timelock.enableLeverage, the attacker created massive short positions, artificially inflating GLP prices, and subsequently profited through redemption operations.

The highlighted code snippet from the post illustrates the critical section where global short profit/loss calculations were exploited, enabling the manipulation.

GMX’s response included a commitment to investigate the incident with the assistance of security partners, promising a detailed update.

“Out of an abundance of caution, GMX had already updated the caps for the GM tokens of GMX V2 on Arbitrum and Avalanche, so that minting new tokens is currently restricted in most liquidity pools. A follow-up notification will be sent out once this restriction is lifted,” the platform wrote.

GMX price dives 20% amid market reaction

The reaction of GMX holders to the hack was largely negative, with the price falling sharply to see the DEX protocol lag the overall crypto bounce.

According to data from CoinMarketCap, the GMX token experienced a double-digit decline.

It traded above $14.54 but dropped more than 20% to lows of $10.40.

GMX price chart by CoinMarketCap

The breach of GMX adds to the list of key crypto protocol exploits in 2025, with Cetus Protocol among those to suffer a malicious attack a few months ago.

Unless GMX successfully recovers the funds or implements robust security enhancements, the negative sentiment could impact its price.

Currently, the GMX token trades near $11.45, still under pressure after falling from highs above $14.54.

The post GMX price dives 20% after $40 million hack appeared first on CoinJournal.

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Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

  • Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity.
  • The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated.
  • Institutional interest and increased buying could drive Ethereum’s price higher.

Ethereum (ETH) rose a decent 6% in 24 hours to reach highs above $2,800, with the top altcoin buoyed by a broader market rally.

This is after Bitcoin (BTC) soared to a new all-time high above $112,000.

However, the sharp price movements triggered widespread liquidations, with over $500 million in leveraged positions wiped out across major exchanges.

Most of these were shorts, with cryptocurrencies rising alongside stocks on Wednesday.

Ethereum hits $2,800 as crypto sees market momentum

Ethereum’s climb to $2,821 in early trading on Thursday came as Bitcoin’s breakout above $112k lifted the broader digital assets space.

It’s this bullish sentiment that has ETH price up more than 6% and on the cusp of a breakout above $3,000.

According to data from CoinGecko, Ethereum’s trading volume spiked by 69% to over $29.8 billion, reflecting heightened market activity.

Apart from a broader market upswing, ETH is benefiting from regulatory developments and the anticipation of what is next for the top altcoin.

Whales and institutions are aggressively buying ETH, with Abraxas Capital withdrawing 29,741 ETH worth $81 million from crypto exchanges Binance and Kraken.

Lookonchain shows the transactions occurred within the last 12 hours.

Another wallet withdrew over 25k ETH tokens worth over $70 million from Kraken.

Notably, SharpLink Gaming, a company that holds over 205,634 ETH worth over $575 million, added to its haul with another 5,072 ETH worth over $13.5 million.

Over $500 million in liquidation signals market volatility

As Bitcoin and Ethereum rallied, the broader crypto market experienced over $500 million in liquidations, largely impacting leveraged traders who were caught off guard by the sharp price moves.

Data from Coinglass shows that total liquidations surged 285% in the past 24 hours, reaching over $538 million.

The bulk of the losses came from short positions, as traders betting against the market’s upward momentum faced significant losses.

Ethereum alone accounted for $156 million in liquidations, with $139 million of that tied to short positions, according to Coinglass.

Despite the liquidations, market sentiment remains cautiously optimistic, with institutional inflows into crypto exchange-traded funds (ETFs) and stablecoin reserves signaling sustained demand.

As Bitcoin continues to set new benchmarks, Ethereum’s role as a foundational blockchain for decentralized applications ensures its relevance in the evolving crypto landscape.

Currently, the Ethereum price has a key support zone near $2,500.

Meanwhile, a symmetrical triangle pattern suggests upward potential and is eyeing the $2,850 resistance.

If price breaks above $3k, it could target the $4k and all-time high levels.

The post Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation appeared first on CoinJournal.

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FLOKI eyes 120% rally as Valhalla launches $10K giveaway after explosive weekly growth

  • Floki Inu’s metaverse game has hit over 100,000 Veras minted since the June 30 launch.
  • Valhalla has announced a $10,000 giveaway for early players.
  • FLOKI’s weekly chart signals an explosive rally after prolonged declines.

Meme coins are stealing the show as Bitcoin tests $109,000, trading at $108,955.

Meanwhile, FLOKI appears poised to lead the potential bull run as its metaverse game, Valhalla, sees explosive growth following the mainnet launch.

The game has seen over 100,000 Veras minted since the June 30 mainnet launch, marking a massive entry into the online gaming sector.

Further, the team has announced a $10,000 reward to celebrate this milestone.

Early players who complete the tutorials qualify for the giveaway.

The official announcement reads:

Valhalla launched with a BANG on opBNB mainnet on June 30th and has just passed the 100K minted Veras milestone. To celebrate, we’re giving away $10,000 in prizes to the earliest players.

These steps are crucial in attracting and retaining participants.

Meanwhile, analysts watch FLOKI’s price charts amidst the optimism.

A potential upside reversal pattern is emerging on the weekly timeframe after extended downtrends.

A confirmation could trigger explosive moves and propel the meme token’s price to the key resistance at $0.00019082.

That would mean an approximately 124% gain from Floki Inu’s current market price of $0.00008452.

Let’s check how FLOKI could attain such a remarkable rally as its ecosystem gains strength amid Valhalla hype.

Floki Inu ushers in utility with Valhalla

Valhalla was among the most-awaited upgrades by the meme token community.

It is beyond a game, representing a key foundation of Floki Inu’s long-term mission to transform into a utility-driven project.

That matches the broader trend, where market participants are opting for crypto ecosystems with real-world utility.

Valhalla gamers gather and battle with Veras, upgrade in-game assets and finally interact with other players.

It leverages opBNB to guarantee smooth gameplay and low fees.

That reduces entry barriers for new participants often turned off by expensive gas charges.

That positions the dog-themed crypto project to grab mainstream attention, which will likely fuel long-term growth.

The Floki Inu team has been consistent in delivering tangible value through launches like Valhalla, and the explosive activity surge shows the plan could be working.

FLOKI price outlook: massive rally impending?

Besides web3 gaming, Valhalla’s impressive growth has renewed sentiments around the native FLOKI.

The meme coin shows signs of life after prolonged dips.

It trades at $0.00008452 after gaining nearly 20% in the past week.

Floki 7D Price Chart

Source – Coinmarketcap

The bullish momentum follows the latest rebound from the support zone at $0.00003996.

Floki Inu used this foothold to support massive rallies in late 2023, and that could be materializing.

Continued Valhalla success and broad market surge could confirm a bullish reversal emerging on FLOKI’s weekly chart.

That might trigger explosive gains toward the first crucial resistance zone at $0.00019082.

That would mean an approximately 124% increase from the alt’s current price.

The next resistance is at $0.00023966, beyond which FLOKI could witness a full recovery to $0.00029775.

However, breaching $0.00003996 may cancel the bullish formation, catalyzing notable dips or sideways actions.

The post FLOKI eyes 120% rally as Valhalla launches $10K giveaway after explosive weekly growth appeared first on CoinJournal.

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Ethereum ascends: Institutional pivot and dormant whale moves signal a new era

  • Bit Digital shifts treasury from Bitcoin (BTC) to over 100K ETH.
  • Dormant Ethereum wallets move millions after 10 years.
  • ETH/BTC bull flag hints at a 35% breakout by August.

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalisation, is stepping into what many believe could be a transformative phase, marked by growing institutional alignment and renewed on-chain activity from long-dormant whales.

Momentum around the asset has intensified in recent weeks, with fresh technical setups, corporate accumulation, and protocol-level proposals all converging to highlight Ethereum’s evolving position as not just a programmable blockchain but also a premier financial infrastructure layer.

Dormant giants awaken

Blockchain analysts have spotted multiple early Ethereum wallets springing to life, with some holding “genesis” coins untouched since 2015.

In one case, a wallet that received 900 ETH when the asset traded below $0.50 moved its holdings after nearly a decade, triggering curiosity across the crypto space.

On the same day, another wallet, also tied to Ethereum’s genesis phase, transferred 240 ETH after remaining inactive for exactly 3,630 days.

While the holders are not technically whales by Ethereum’s classification, such movements often reflect either confidence shifts or strategic repositioning, particularly amid market optimism.

The renewed activity echoes a broader pattern across the digital asset space, where legacy Bitcoin wallets have also been reactivating, in some cases after more than 14 years of dormancy.

These sudden moves by early adopters signal that legacy stakeholders are once again paying close attention to Ethereum’s trajectory, especially as it gains ground on Bitcoin in structural and financial terms.

Institutions turn to Ethereum

Leading this shift is Bit Digital Inc., a Nasdaq-listed company that has effectively gone all-in on Ethereum, making headlines with its aggressive treasury transformation.

According to a publication by the company, it sold 280 BTC and raised $172 million through a public equity offering to accumulate 100,603 ETH, positioning itself as one of the largest corporate Ethereum holders globally.

This dramatic pivot comes alongside the winding down of Bit Digital’s Bitcoin mining operations and the rollout of its Ethereum staking infrastructure, which is already among the most advanced in the institutional market.

CEO Sam Tabar has made it clear that the firm sees Ethereum not just as an asset, but as a foundation for financial reinvention, citing its programmability, staking yield, and growing adoption as core drivers of the shift.

Beyond Bit Digital, other firms like Sharplink Gaming and BitMine are also joining the fray, with BitMine announcing a $250 million ETH acquisition initiative to deepen its exposure.

According to CF Benchmarks, this trend is only expected to accelerate, with institutional ETH and SOL holdings potentially increasing tenfold over the next year.

Ethereum network stability in focus

Vitalik Buterin, Ethereum’s co-founder, has proposed a new gas cap mechanism to help manage network stress during periods of high demand or spam attacks.

The proposed cap would introduce a ceiling on total gas used per block, aiming to protect network performance by prioritising essential transactions over low-priority activity.

If implemented, this strategy could offer greater consistency during congestion while reducing the impact of fee spikes on smaller or new users.

Such upgrades reflect Ethereum’s maturing ecosystem, especially as developers prepare the protocol for future scaling and broader institutional use.

Ethereum price outlook: technical analysis signals a bullish momentum

At press time, Ethereum is trading at around $2,563, up more than 72% over the past three months, with a market capitalisation exceeding $309 billion.

While ETH remains 47% below its all-time high of $4,878, recent developments, including ETF filings, whale reactivations, and corporate realignment, suggest that investor confidence is building once again.

On the technical front, ETH/BTC is showing signs of a major breakout, forming what analysts identify as a bullish flag pattern on the three-day chart.

Should Ethereum break out from its current range, the ETH/BTC pair could climb by as much as 35%, reaching the 0.031 BTC level by August, a potential signal of altseason.

This comes as the total altcoin market cap tests long-term support, with previous bounces from this trendline often preceding explosive rallies across non-Bitcoin assets.

The return of capital rotation toward Ethereum and other Layer 1 platforms underscores a clear shift in trader sentiment, especially as confidence grows around Ethereum’s upcoming technical upgrades.

If the current bullish momentum holds, this may well mark the beginning of Ethereum’s most important ascent yet.

The post Ethereum ascends: Institutional pivot and dormant whale moves signal a new era appeared first on CoinJournal.