Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

Veröffentlicht am

Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high

  • Solana’s RWAs hit $671M, boosted by $150M from BlackRock’s BUILD fund.
  • RWA and stablecoin activity surges, signaling growing user and institutional adoption.
  • SOL trades at $214, holding $210 support; analysts eye potential move toward $250.

Solana continues to prove the power of utility-driven projects over hyped ones.

Its tokenized real-world assets (RWAs) have soared to a record $671 million, setting a new all-time high and cementing Solana’s status as a hot blockchain.

The BlackRock effect

The milestone comes after $150 million in new capital poured into Solana via BlackRock’s BUILD fund.

That confirms robust interest from institutional players.

Such breakthroughs indicate a key shift, with Solana’s low fees and speed now attracting massive on-chain transfers.

Indeed, BlackRock’s fund has ignited Solana’s RWA marketplace, as anticipated.

BUILD focuses on tokenizing traditional assets and money market funds.

Thus, the massive injection into the SOL network signals is a significant vote of confidence.

Besides boosting numbers, institutional inflows bring attention, credibility, and liquidity.

These factors are crucial for any project’s growth.

Solana’s ecosystem heats up

It is not only the project’s dollar value that’s soaring. Solana has exhibited a healthy ecosystem lately.

Its RWA transfer volume increased by roughly 23% to $12.19 billion in the past month.

Moreover, RWA holders jumped 17% to 77,982 wallets.

That confirms new participants joining the network as institutional players lead the charge.

Also, stablecoin transfer volume surged 26.23% in the last 30 days to $318.99 billion.

The $12.37 billion stablecoin market cap and 11.43 million holders affirm Solana’s position as a go-to platform for on-chain settlement.

Growing grassroots activity amid increasing institutional inflows indicates a healthy ecosystem flourishing on all fronts.

Solana sees activity from day-to-day users and wealthy financial institutions.

Solana’s institutional activity

The RWA breakthrough comes as institutional investors continue to transform Solana’s long-term narrative.

Galaxy Digital-linked Forward Industries holds SOL worth approximately $1.63 billion.

Also, Pantera Capital has invested over $1 billion, signaling trust in Solana’s long-term potential.

Moreover, Helius Capital added over 760K SOL tokens to its treasury, with plans to scale using a significant $335 million cash reserve.

SOL price outlook

Solana’s native token performed well in the past few sessions, rallying to $250 monthly highs.

However, the upside steam weakened, and bears seem to control the short-term trajectory.

SOL is trading at $214 after losing 8% and 2% the past week and day.

The altcoin’s underperformance is likely anticipated as prices cool down after the latest rally from around $150 in early August.

Also, the downward trajectory coincides with broader market dips.

Analysts remain bullish on Solana, citing bullish fundamental and technical factors.

The digital asset is holding the key support zone at $210.

Validating it could catalyze short-term gains toward the $250 target.

The post Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high appeared first on CoinJournal.

Veröffentlicht am

Fluid price jumps 50% after Upbit listing: bulls target $10

  • Fluid price soared by more than 50% in 24 hours to hit highs of $9.33.
  • Technical strength and other catalysts may see bulls target a breakout above $10.
  • However, overbought conditions signal a potential pullback.

Fluid (FLUID) price spiked by more than 50% in 24 hours as Upbit, South Korea’s top cryptocurrency exchange, added trading support for the DeFi protocol’s native token.

The listing of the lending protocol’s token injected fresh momentum. It added to an upbeat sentiment that aligns with Fluid’s expansion to the Solana ecosystem.

Upbit listing sends Fluid (FLUID) price up 50%

Upbit is South Korea’s largest crypto exchange, and its move to list FLUID with trading pairs for Korean won, Bitcoin, and USDT triggered an immediate price rally.

Upbit, dominant in South Korea, often sees significant spikes in trading volume for new assets, and Fluid did not buck the trend.

The altcoin’s price jumped by more than 50% within hours, allowing bulls to retest bears’ resolve above the $9.00 mark.

It’s the first time the lending protocol has climbed to these levels since February 2025.

The altcoin traded around $8.20 at the time of writing.

Per CoinMarketCap, an initial trading volume surge for FLUID recorded an impressive 1,600% spike to over $34.5 million.

With South Korean traders, known for their aggressive buying strategies, flooding the buying zone, it’s no surprise liquidity is exploding.

Some notable tokens to record price and volume surges on Upbit listing include RedStone, Flock, Omni Network, and Treehouse.

Further price gains will extend Fluid’s gains as the community also cheers expansion to Solana. FLUID is live on Jupiter exchange, powered by Meteora.

The uptick in price comes as the total value locked/price ratio for Fluid shows a remarkable increase of over 185%.

What’s next for Fluid price? Bulls target breakout above $10

Gains across the board align with a surge in bullish calls for FLUID, which has a score of 89% on CoinMarketCap. This outlook reflects on the technical front.

The moving average convergence divergence indicator (MACD) signals a bullish crossover while the relative strength index hovers at 71.

On the 3-hour chart, FLUID is showing signs of a strong breakout after an extended period of consolidation and downward pressure.

The Bollinger Bands have widened sharply following a prolonged squeeze, a move that often points to heightened volatility ahead.

Based on the height of the previous consolidation range, the breakout projects a potential upside target in the $8.50–$9.00 area, with initial resistance expected near $7.50.

A confluence of these and other factors suggests further gains into the overbought territory.

FLUID chart by TradingView

Contingent on broader market sentiment, FLUID could break above $10 and target a 100% leg up towards $20.

The all-time high of $29.36 reached in 2021 remains a big target for buyers.

However, broader market weakness amid macroeconomic and regulatory headwinds might see bears seize on the opportunity.

Otherwise, key support levels remain around $5.10 and $3.40.

The post Fluid price jumps 50% after Upbit listing: bulls target $10 appeared first on CoinJournal.

Veröffentlicht am

Web3 firm NTT Digital partners with EigenLayer to accelerate restaking adoption

  • The alliance aims to bring institutional-level efficiency to restaking.
  • The deal bridges web3 technology with the traditional enterprise infrastructure.
  • EIGEN price rebounded after the announcement.

The web3 branch of Japan’s telecom giant NTT Group has announced a strategic collaboration with EigenLayer’s infrastructure provider EigenCloud.

As part of this partnership, NTT Digital will run the data availability layer, EigenDA, as a validator, strengthening the ecosystem’s security and reliability.

The X post highlights NTT Digital’s broader goal of pushing the decentralized economy.

As an EigenDA validator, the web3 firm will directly participate in enriching the restaking sector, a feature that has seen massive traction among crypto enthusiasts looking to secure many platforms leveraging shared Ethereum trust.

Restaking ensures capital efficiency by enabling individuals to stake the same assets on the primary blockchain and other networks, consequently securing many networks concurrently.

Users can enjoy additional rewards for securing more protocols, though with amplified slashing risks.

Bolstering the restaking sector

EigenLayer’s restaking mechanism has been among the most-watched innovations within the Ethereum ecosystem in the past few months.

The model creates a shared security environment by allowing individuals to restake ETF to secure other blockchains.

Besides boosting security, EigenLayer’s restaking approach reduces the barriers for launching new protocols.

With NTT Digital as a validator, EigenLayer gets a reputational boost and additional infrastructure backing.

Such an environment could attract more developers and enterprises to explore EigenLayer’s capabilities as a network for creating dApps.

That will enhance demand for native EIGEN in the coming times.

NTT Digital brings its experience in running scalable, secure infrastructure that could be essential as EigenDA supports multiple applications.

Validator diversity translates to stable uptime, which is crucial in ensuring trust in restaking.

Working with enterprise players like NTT guarantees the EigenLayer community that the data availability layer will remain reliable even amid skyrocketed demand.

EIGEN’s growing demand

The altcoin plays a key role within the EigenLayer platform, aligning incentives.

Validators receive EIGEN as rewards.

Also, the token supports restaking activities and network upgrade governance.

Increasing adoptions means growing roles for EIGEN as an economic and decision-making instrument.

Success by NTT Digital as a validator could draw more corporates to the platform, boosting EIGEN’s demand further.

EIGEN price outlook

EigenLayer’s native token displayed recoveries following the news.

It trades at $1.78, up 2.5% on its daily chart after a notable rebound.

EIGEN has maintained impressive price actions in the past few sessions.

The coin gained nearly 20% and over 35% the past week and month.

Technical indicators suggest EIGEN could lead the next leg up in the broader crypto market.

The MACD and RSI on the daily timeframe show buyer presence.

Also, EIGEN boasts reliable support as it trades above the 50- and 100 Exponential Moving Averages.

The post Web3 firm NTT Digital partners with EigenLayer to accelerate restaking adoption appeared first on CoinJournal.

Veröffentlicht am

Ethena’s USDe stablecoin makes US debut with Kraken listing

  • The stablecoin gains its first US exchange listing as adoption soars.
  • USDe gains traction since it’s different from established USDT and USDC.
  • The listing could enhance liquidity and trader trust in Ethena’s ecosystem.

Ethena Labs’ synthetic dollar stablecoin USDe is gaining notable traction in the cryptocurrency market.

Less than a day after Binance launched a rewards program for the asset, USDe has officially entered the United States through Kraken.

The move is crucial in pushing Ethena’s stablecoin into international markets.

Kraken has confirmed it will open trading soon, allowing traders in America to access an innovative stablecoin that’s different from traditional fiat-pegged alternatives like Circle’s USDC and USDT.

How Ethena’s USDe works

While USDT and USDC use bank-held fiat reserves, USDe leverages delta-neutral hedging with BTC and ETH derivatives to maintain a dollar peg.

The approach aims to build a censorship-resistant, on-chain stable token while avoiding dependence on third-party and centralized custodians.

Proponents suggest that USDe’s design heralds the next wave of stablecoin revolution, which promises the reliability and efficiency that matches blockchain’s decentralization code.

Also, the asset has gained popularity due to its yield-bearing offerings, allowing individuals to earn passive returns from idle stablecoin balances.

Participants can stake USDe and receive sUSDe, which compounds yield with time.

The regulatory significance

Besides bolstering USDe’s adoption, Kraken’s listing sets the stablecoin ahead in compliance.

Authorization to join a licensed US exchange generally involves significant regulatory and legal checks, which Ethena has likely passed.

The move adds a layer of credibility to the synthetic dollar protocol.

One X user commented on its US debut, stating:

USDe hitting a US exchange signals more than growth. It’s validation. The synthetic dollar is no longer a niche.

Compliance is vital since it may reassure investors and traders of the asset’s safety.

Stablecoin competition intensifies

While USDT and USDC dominate the current stablecoin industry, USDe rises as a serious contender.

Ethena’s stablecoin sees remarkable growth as it attracts participants seeking more decentralized options.

USDe ranks 3rd with its $14.43 billion market cap, far below USDT ($172.83 billion) and USDC ($74.03 billion).

The stablecoin rivalry would likely surge in the coming times.

Established projects should adjust and adopt accommodating models.

ENA price outlook

Ethena’s native coin traded in the green amidst the Kraken news.

ENA has gained more than 4% on its daily price chart to $0.6156.

The altcoin braces for impressive growth as USDe strengthens the Ethena ecosystem.

Meanwhile, bulls should hold the support barrier at $0.60 to keep the upside steam in the near-term.

Breaching the support zone at $0.50 to the downside will invalidate ENA’s bullish trajectory with notable price dips or sideways.

The post Ethena’s USDe stablecoin makes US debut with Kraken listing appeared first on CoinJournal.

Veröffentlicht am

Altcoins update: Aster flips Hyperliquid in futures volume, DOGE targets $0.5

  • Aster’s $11.8B in daily futures volume eclipses Hyperliquid’s $9.9B.
  • Market sentiments flip bullish as activity soars across multiple networks.
  • Dogecoin eyes breakout amid ETF optimism.

Digital tokens flashed recovery signs today after Monday’s dips.

The global crypto market capitalisation steadies at $3.9 trillion after a brief 0.15% uptick in the past day.

Aster threatens Hyperliquid’s market share

The perpetual futures sector has been in the spotlight lately as market players seek massive leverage.

While Hyperliquid stole the show in the past weeks, Aster sees magnified attention after Changpeng Zhao’s endorsement.

The decentralised exchange celebrated a key milestone today, netting over $11 billion in perpetual volume over the past 24 hours.

That saw it outshining Hyperliquid, which recorded $9.9 billion in that timeframe.

It is the first time Aster has flipped Hyperliquid in daily volume, signalling soaring trader interest in the relatively new decentralised exchange.

Aster’s massive volume signals a liquidity shift that might transform rivalry among top DEXs.

Besides endorsement by Binance’s founder, adoption from renowned traders and heightened liquidity rewards fuel Aster’s rise.

Trading incentives and cross-chain features seem to have boosted activity on the DEX.

Meanwhile, futures platforms are witnessing engagement resurgence.

Lighter recorded $6.89 billion in daily volume, whereas edgeX reported $5.06 billion.

That reflects the shifting trend of amplified derivatives participation.

Native ASTER exhibits an upside trajectory after gaining more than 40% in the past day to $2.05 ATHs.

It has gained over 2,000% on its monthly chart.

On the other side, Hyperliquid experiences a faded momentum as it loses key figures.

The prevailing weakness comes after BitMEX co-founder dumped his HYPE tokens over the weekend, citing impending unlock-driven selling pressure.

Hayes’ move grabbed attention as the sell-off came less than a month after he predicted up to 126x growth for Hyperliquid’s token.

Dogecoin set for a rebound

The original meme coin remained on the traders’ radar amid optimistic developments.

Dogecoin buzzes amid progressive developments linked to its exchange-traded fund.

21Shares’ DOGE ETF (TDOG) is now available on the DTCC (Depository Trust & Clearing Corporation) site.

While that doesn’t mean the SEC’s approval, it is a crucial step toward a potential launch.

Analysts have shifted to DOGE’s price chart amidst the ETF chatter.

The meme token is trading at $0.2400 after a slight decline in the past 24 hours.

Popular analyst @Ali_Chart highlights $0.50 as the key target for Dogecoin amid stable recoveries.

That would translate to an over 100% surge from DOGE’s market price.

Nevertheless, bulls should overcome the nearest resistance at $0.28 to support stable uptrends.

An ETF launch and broader market surges will accelerate Dogecoin’s potential rally.

The post Altcoins update: Aster flips Hyperliquid in futures volume, DOGE targets $0.5 appeared first on CoinJournal.