Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Nillion (NIL) price crashes 50% after unauthorized market-maker sell-off

  • Nillion price fell more than 50% as altcoins battled sell-off pressure.
  • The team has accused a market maker of dumping the platform’s native token.
  • Despite the price dump, the team has initiated a token buyback using treasury funds.
The price of Nillion (NIL), a token associated with a private computing network that champions data privacy, has crashed sharply over the past 24 hours.

As cryptocurrencies tanked amid macro jitters, the small-cap token’s price plunged from above $0.21 to under $0.10. Sellers touched lows of $0.0.086.

NIL’s brutal 50% crash was accompanied by a staggering 680% jump in daily volume. A panicked market saw Nillion price dumping, and accelerated on Wednesday as  nearly $200 million in sell-side volume brutalized buyers. 

But why such aggressive selling for the native token of the private computing network?

NIL price crashes by over 50%: what happened?

On November 20, 2025, the Nillion team released a statement on X.

According to the platform, the sharp drop that saw NIL suffer a bloodbath happened as a market maker sold huge chunks of the token.

This sale was allegedly authorized. The post did not name the entity in question.

However, it alleged the partner switched off communication both as they sold and after the price-impacting event. 

“If you were surprised by yesterday’s price action, you’re not alone,” the team noted. “Our entire team was confused until we realized what happened: a market maker sold NIL tokens without legal authorization from the Nillion Association. Then, refusing to respond to any team communications during the flash sale and hours following.”

To help mitigate the impact, Nillion said it has deployed treasury funds to buy back tokens.

Meanwhile, collaboration with exchanges has helped freeze accounts and wallets tied to the dumping. The project is also taking legal action.

Nillion price outlook

NIL ranks as one of the biggest losers across the crypto market in the past 24 hours, with current declines over the period at 36% at the time of writing.

After the initial price dump to lows of $0.086, NIL bulls attempted a swift bounce.

However, the brief gains faded at $0.14. Price is up 37% from that intraday low, but the recovery has stalled, and NIL hovers just above $0.118.

Nillion Price Chart
NIL price chart by CoinMarketCap

Price has traded above this mark for much of the day, and technically, it appears buyers are exhausted.

Sentiment is down, and the path of least resistance could be lower. Overall, downbeat sentiment for most altcoins suggests NIL may break below $0.10 again.

Nillion price reached an all-time high of $0.95 in March 2025, which means current price levels are more than 87% off that peak. The token traded above $0.24 earlier in the week and above $0.33 in October.

The post Nillion (NIL) price crashes 50% after unauthorized market-maker sell-off appeared first on CoinJournal.

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Coinbase rolls out Ethereum-backed loans for users to borrow USDC without selling

  • Ether holders on the exchange can borrow up to $1M in USDC using ETH as collateral.
  • That ensures access to liquidity/cash without selling their holdings.
  • The service is available in all US states, excluding New York.

Leading exchange Coinbase has introduced a new feature that will likely reduce selling pressure amid the current broader crypto market turmoil.

The trading platform has launched Ethereum-backed loans, allowing users in most American states to access on-chain cash without offloading their holdings.

Notably, borrowers can use ETH assets as collateral and receive loans of up to $1,000,000 in USDC stablecoin.

The team has confirmed on X:

ETH-backed loans are here. You can borrow USDC against your Ethereum, unlocking liquidity without selling.

This move is vital for Ethereum holders who want liquidity without dumping their tokens.

Rather than selling ETH and possibly missing out on potential price gains, Coinbase users can leverage their balances while keeping them intact.

How do ETH-backed loans work?

The process is straightforward. Users deposit Ethereum on their Coinbase accounts as collateral to borrow USDC.

They receive back their collateral after repayment.

Meanwhile, customers will enjoy top-notch flexibility.

Individuals can borrow while maintaining exposure to their holdings, access funds almost instantly, and leverage USDC for various on-chain activities, including day-to-day expenses and trading.

Nevertheless, borrowers should consider the fact that Ethereum’s price movements can impact their loans.

For instance, a swift decline in the alt’s value could demand increasing collateral to avoid liquidation.

Why should you care?

Accessing cash online means selling assets for most cryptocurrency investors, even sometimes facing tax consequences.

Coinbase solves that through Ethereum-backed loans, offering access to liquidity without offloading assets.

The development reflects how cryptocurrency firms are expanding beyond trading services.

Most networks are integrating lending, borrowing, and earning solutions for their users as digital assets’ adoption continues.

Moreover, it confirmed Coinbase’s trust in Ethereum as a legitimate financial instrument, equal to real-world assets (like real estate and stocks) that can serve collateral purposes.

Notably, Coinbase introduced cryptocurrency-backed loans in mid-January this years, and starget with Bitcoin.

The goal was to give users control over their finances while ensuring safety, speed, and transparency.

The team emphasized:

Crypto-backed loans are another major step towards empowering our customers with greater control over their financial lives. Coinbase customers can now get easier, faster access to everyday financial services.

The new addition signals demand for such services as cryptocurrencies go mainstream.

ETH price outlook

The news comes as Ethereum battles overwhelming bearish sentiments.

It is trading at $2,837 after losing more than 3% and 13% the past day and week.

ETH should hold above the $2,800 support to prevent massive declines.

Ethereum requires massive trading volumes and renewed institutional interest, through ETFs, to recover from its current slumber.

The post Coinbase rolls out Ethereum-backed loans for users to borrow USDC without selling appeared first on CoinJournal.

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Aave rolls out V4 testnet with developer preview of upcoming “Pro” experience

  • The upgrade introduces unified Liquidity Hubs to replace fragmented markets.
  • Spokes introduces modular lending setups with independent risks.
  • V4 aims to enhance capital efficiency and open new grounds for developers.

Lending protocol Aave is preparing for one of its most ground-breaking upgrades.

Two days after unveiling a mobile savings app, the team has released the update’s testnet, signalling progress towards Aave V4, which aims to change how liquidity moves within the protocol.

V4 will replace the common multi-market system with an innovative, unified “Hub and Spoke” architecture.

The version 4 update aims to transform how decentralized finance lending works, prioritising developers looking to launch risk markets or experiment with assets that do not perfectly fit into Aave’s current structure.

The official blog highlighted:

Each L1 or L2 will have at least one Aave V4 Liquidity Hub, with the potential for multiple Hubs per network. Spokes allow for greater experimentation within these ecosystems without liquidity becoming a limiting factor. This design makes it easier to support new risk profiles and enable innovation without fragmenting liquidity, while also providing a way to seed liquidity for new Spokes.

To understand why the V4 upgrade matters, let’s check how Aave V3 operates and the challenges that pushed the team to seek a flexible model.

A glance at Aave V3

Each market works independently in Aave version 3.

Deployments like Ethereum Prime and Ethereum Core maintain their own asset lists and liquidity pools.

Individuals supply to a definite market, and they can only borrow from that avenue.

While this structure is helpful for risk separation, it creates some crucial limitations.

For instance, liquidity stuck in a certain market cannot support borrowing in another.

Also, building new markets requires bootstrapping funds from scratch.

That slows adoption while fragmenting the entire user base.

Further, governance becomes challenging and experimentation heavier as each distinct market requires its unique pool.

The Aave team added:

It also limits economies of scale for borrowing and makes it harder to support novel assets or implement unique borrow configurations, which end up siloed and harder to use.

A unified Liquidity Hub to replace independent markets

Meanwhile, version 4 overhauls the Aave lending ecosystem with a Liquidity Hub, which is a shared pool comprising assets for the whole platform.

The innovative Hub serves as the only source of liquidity, ensuring that borrowers and suppliers leverage the same capital base, replacing segmented ones.

Most importantly, users will not interact with the Hub directly, though all deposits will eventually end up there.

The Hub handles everything, including interest calculations, accounting, and borrowing limits.

Each L1 or L2 platform can host at least one Hub, except chains with specialised needs or massive traffic.

The team expects this consolidation to substantially enhance capital efficiency by reducing idle liquidity and enriching borrowing conditions.

AAVE outlook

Aave’s native token displayed significant selling pressure on its daily chart.

It lost more than 6% the past 24 hours to $166.

The 27% dip in daily trading volume confirms bearish sentiment in AAVE.

Meanwhile, its downward stance coincides with the broader weakness.

The global cryptocurrency market cap declined by over 4% the past day to $3.04 trillion as Bitcoin plummeted below $90,000, trading at $89,478.

The post Aave rolls out V4 testnet with developer preview of upcoming “Pro” experience appeared first on CoinJournal.

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Crypto.com launches SOL App Campaign with $20K ETH reward pool

  • The campaign runs between 19 November and 3 December.
  • Eligible users should buy or deposit SOL worth over $50 using the Crypto.com App.
  • The top 2,000 participants will receive $10 in ETH each.

While the broader market seeks footing, with Bitcoin at $90,000, Crypto.com has announced a remarkable opportunity for its users.

The exchange took it to X on November 19, to confirm the official launch of the SOL App Campaign, which offers $20,000 Ethereum reward pool for participants who interact with SOL.

Solana has been among the hottest tokens the past month, propelled by its reputation, flourishing Web3 and DeFi projects, and scalability.

Crypto.com’s campaign invites newcomers and experienced traders interested in navigating the Solana blockchain.

How does the SOL App Campaign work?

The initiative requests individuals to buy or deposit SOL tokens into the Crypto.com App throughout the campaign period.

The exchange will rank users based on their returns from the Solana deposits and purchases.

Meanwhile, the top 2,000 participants will receive ETH worth $10 each, credited to their Crypto.com App accounts within three months after the campaign concludes.

Notably, the cryptocurrency exchange will notify qualified recipients through email 14 days after completing reward distribution.

Moreover, it will apply ETH-USD’s exchange rate based on the market rate during the distribution.

With this structure, Crypto.com aims to reward only active engagement and encourage individuals to explore Solana’s benefits, including its speed and thriving ecosystems of dApps, and earn Ethereum in return.

What’s next?

Crypto.com’s Solana campaign is more than an opportunity for users to earn Ethereum.

It represents a strategic approach to enhance blockchain adoption and enrich user engagement.

Crypto.com is incentivizing user activity with tangible rewards, which will likely cement its status as an exchange that facilitates trading while actively supporting its community.

The SOL App Campaign allows individuals to interact with a flourishing blockchain and increase their ETH balances.

Solana continues to expand as a blockchain powerhouse, whereas Ethereum maintains its position as the second-largest cryptocurrency project.

Digital asset enthusiasts looking to capitalize on this opportunity can install the Crypto.com App, navigate Solana, and join the campaign.

The event will end next month, on December 3, with $20K in Ethereum up for grabs.

SOL and ETH price outlooks

The altcoins maintain bullish trajectories in attempts to recover from the latest broader market crash.

Solana has gained more than 2% over the past 24 hours to $140.

Also, Ethereum gained roughly 1.70% in that time frame to press time’s $3,091.

The duo exhibits faded daily trading volumes, reflecting the prevailing broader weakness.

Nonetheless, Tom Lee of Fundstrat expects Ethereum to bottom this week, citing its flourishing ecosystem (TVL) and its ratio with Bitcoin.

Lee trusts ETH can rebound to historic all-time highs of $12,000. Such a rally from Ethereum would mean explosive surges for altcoins, including SOL.

The post Crypto.com launches SOL App Campaign with $20K ETH reward pool appeared first on CoinJournal.

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Meme coin news: DOGE ETF update, LIBRA rallies 80%, Shibarium transactions skyrocket

  • Dogecoin exchange-traded fund expected on November 24.
  • LIBRA decouples as the team buys the Solana dip.
  • Shibarium transactions soar 78%, reflecting renewed user activity.

Virtual currencies displayed bearishness today as Bitcoin eyes further dips below $90,000, with altcoins hinting at further declines.

This article highlights tokens stealing the show in the meme token landscape, specifically Dogecoin, LIBRA, and Shiba Inu.

Grayscale’s DOGE ETF nears launch

The original meme cryptocurrency remains on the crypto community’s radar as debates around Grayscale’s anticipated Dogecoin exchange-traded fund surge.

Bloomberg’s ETF analyst Eric Balchunas expects the product to launch on November 24, citing the SEC guidance. He said:

I believe Grayscale will be out with the first Doge ETF in a week, 11/24. We’ll see, won’t be 100% till exchange notice, but based on SEC guidance, it looks good.

An approval would mark a breakthrough for Dogecoin and the entire meme market.

While these assets often drive the broader cryptocurrency industry, they have faced increasing criticism as they are hype-driven without intrinsic value.

A Dogecoin ETF will magnify the digital token’s visibility and credibility.

Moreover, regulated use cases will catalyze stable growth for DOGE.

The community expects Grayscale’s Dogecoin exchange-traded fund to launch soon.

Altcoin ETFs have gained traction since Solana, Litecoin, and Hedera started the wave on October 28, with approvals now almost a guarantee.

DOGE is trading at $0.1585 after losing 1.20% and 10% in the past 24 hours and week, respectively.

LIBRA skyrockets 100%

While bears rattled the overall cryptocurrency market, LIBRA decoupled with an explosive 103% surge.

It is one of the few tokens with gains today.

The meme’s sharp jump emerged after revelations that the LIBRA team purchased Solana.

According to blockchain investigator Lookonchain, they spent 61.59 million USDC to purchase 456,393 SOL.

The accumulation signaled confidence in Solana’s performance after the alt dropped nearly 15% the previous week.

Therefore, LIBRA’s rally isn’t organic, and the 60% decline in 24-hour trading volume could testify to that.

The themed token will likely erase its gains in the coming sessions, unless trading activity resurges amid improved broader sentiments.

Shibarium transactions jump 78%

Shiba Inu’s L2 scaling solution Shibarium saw an uptick in transactions recently, signaling renewed user activity.

According to Shibariumscan data, the platform’s daily transactions increased from 2.43K on November 16 to 4.33K within 24 hours – a roughly 78% increase.

This comes after Shibarium experienced reduced activity in early last month, with 24-hour transactions plunging to 1,500 on November 5 – a whopping 88% dip from October 24 peaks.

While the layer 2 records notable recoveries, Shiba Inu’s price continued to underperform.

SHIB lost 10% of its value in the last seven days, now trading at $0.000008856.

The alt remained relatively stable in the past 24 hours, shedding 0.95%.

Its trading volume increased by 17% in that timeframe, indicating trader interest.

Meanwhile, broader sentiments continue to influence the performance of meme cryptos.

Selling pressure dominated the crypto landscape as “Extreme Fear” gripped the market.

Nevertheless, Fundstrat’s Tom Lee expects the market to bottom as soon as this week.

The post Meme coin news: DOGE ETF update, LIBRA rallies 80%, Shibarium transactions skyrocket appeared first on CoinJournal.