Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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TEL price soars after Telcoin received final charter approval in Nebraska

  • Telcoin has gained Nebraska approval for the first US digital asset bank.
  • Telcoin’s TEL token surged over 95% following the approval.
  • The bank aims to bridge traditional finance with blockchain and DeFi access.

Telcoin (TEL) price has skyrocketed following a landmark regulatory breakthrough that positions the project at the forefront of the emerging US digital asset banking sector.

The cryptocurrency, which had already been gaining attention for its remittance-focused infrastructure, experienced a surge of more than 95% after Nebraska regulators granted the company final approval to operate as the first Digital Asset Depository Institution in the United States.

The approval has created a wave of optimism among investors, signalling a new era where compliant blockchain banking and traditional finance converge.

Telcoin’s historic charter approval

The regulatory approval allows Telcoin to operate as a fully chartered US digital asset bank.

This gives the company the authority to issue eUSD, the first bank-issued, on-chain US dollar stablecoin backed by dollar deposits and short-term treasuries.

CEO Paul Neuner described the charter as a historic moment, emphasising that it enables the creation of “Digital Cash” for everyday use and connects traditional banking to blockchain-based financial services.

By bridging crypto and traditional finance, Telcoin is now positioned to reduce regulatory risks while accelerating adoption of its remittance-focused network.

The charter also opens the door for Telcoin to offer retail and commercial depository services, accept crypto deposits, and provide crypto-backed loans.

The bank will leverage Federal Reserve payment rails, which enhances liquidity and trust for institutional and retail clients alike.

Regulatory clarity has been a persistent barrier in the cryptocurrency space, and this approval sets Telcoin apart from other blockchain companies that operate without a depository trust charter.

Nebraska’s decision demonstrates that compliant blockchain banking is achievable, offering a model that other states may follow.

Telcoin (TEL) price reaction

The market responded immediately with the Telcoin (TEL) price jumping from a low of $0.00284 to highs near $0.00689 within hours, before settling around $0.006 across major exchanges.

Trading volumes also soared to approximately $1.74 million during this period, making Telcoin the top performer among the top 200 cryptocurrencies by market capitalisation.

The cryptocurrency’s market value now stands at roughly $610 million, reflecting investor confidence in the project’s long-term prospects and its regulatory-backed utility.

Technical indicators have reinforced the bullish sentiment, seeing that TEL has broken above the $0.0042 resistance level and has sustained momentum above the 200-day moving average, driven by short-covering and FOMO buying.

Although the RSI has entered overbought territory, signalling strong upward pressure, the MACD confirms the breakout’s momentum.

Telcoin price analysis
Telcoin price chart | Source: CoinMarketCap

Eyes are now on the $0.0067 level, which corresponds to a key Fibonacci extension, as a potential confirmation of a macro trend reversal.

Telcoin’s growing influence in US banking

Telcoin’s strategic vision now includes not only issuing the eUSD stablecoin but also enabling the remaining 95% of US banks to integrate blockchain-based financial services.

The Nebraska Financial Innovation Act of 2021 laid the groundwork for this development, while the recent GENIUS Act approval provides federal guidance for stablecoins and digital assets.

By creating a compliant bridge between fiat banking and decentralised finance, Telcoin aims to offer practical solutions for both consumers and financial institutions, further distinguishing the TEL cryptocurrency as a utility-driven asset rather than a speculative token.

By securing regulatory approval, Telcoin strengthens its position as a leading player in this niche, attracting investors who value legal certainty and real-world application.

The post TEL price soars after Telcoin received final charter approval in Nebraska appeared first on CoinJournal.

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Altcoins: ETH supply hits record lows, SOL price at key juncture, ZEC dips 25%

  • Ethereum exchange supply hit multi-month lows, indicating substantial accumulation.
  • Solana price weakens as bears threaten a move below $163 – $165.
  • ZEC lost 25% the past 24 hours after robust gains over the previous few sessions.

Cryptocurrencies displayed mixed performances on Tuesday, with most tokens losing momentum after yesterday’s gains.

The value of all digital tokens lost 2% the last 24 hours to $3.51 trillion as Bitcoin hovered at $104,340.

This article evaluates the current altcoin landscape by analyzing Ethereum, Solana, and Zcash.

Ethereum exchange supply hits record lows

The second-largest cryptocurrency exhibits a bullish catalyst amidst broader market sluggishness.

CryptoQuant reveals that the amount of Ethereum on the leading crypto exchange by volume, Binance, has plummeted continuously in the past few sessions, now at levels last seen in May this year.

ETH reserves on exchanges peak in June and July, before steady declines.

Notably, this trend indicates asset movement into private or cold wallets, which is bullish as it reduces selling pressure.

CryptoQuant analyst added:

If the current trend of declining Ethereum supply on Binance continues, we may see a decrease in liquidity available for sale. This could support the possibility of price stabilization and potentially a return to an upward trend as market risk appetite improves.

Thus, Ethereum remains poised for impressive recoveries once the broader market regains momentum.

The current whale activity signals investor conviction in ETH’s potential rebound in the upcoming sessions.

ETH is trading at $3,544 after a 1.75% dip in the last 24 hours.

Solana tests vital support

SOL traded in the red today after shedding over 3% of its value on the previous day.

Hovering at $162 during this publication, the digital token trades at a key support zone that could shape its trajectory in the coming sessions.

Crypto analyst @LordOfAlts highlights a visible ascending trendline that SOL has tested several times, confirming robust support at the $163 – $165 region.

Solana is trading just below this barrier, indicating significant weakness.

A confirmed breakdown could trigger sharper declines.

SOL has its next support zone at $155, below which it can plunge to the $150 psychological zone.

On the other side, reclaiming $170 could shift Solana’s short-term bias to bullish.

Zcash leads the downside

ZEC recorded one of the most bearish performances today.

It lost more than 25% of its value as the privacy-crypto hype fades amid profit-booking.

ZEC is trading at $485, with an over 150% uptick in daily trading volume, highlighting amplified activity possibly from profit-takers.

Zcash could slide further amid bull exhaustion after an over 275% increase in the past month.

Failure to steady above $488 could lead to deeper slides to $371, a roughly 23% slump from ZEC’s market price.

Meanwhile, broader market sentiments continue to influence altcoins’ trends.

Bitcoin, which sets the tone of the market amid uncertainty, trades at $104,501.

Failure to hold above $103,000 could trigger slides to the psychological mark at $100,000, where buyers can catalyze bounce-backs.

Amplified selling pressure could drop Bitcoin’s price to $90,000 – $93,000.

The post Altcoins: ETH supply hits record lows, SOL price at key juncture, ZEC dips 25% appeared first on CoinJournal.

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Sui Foundation partners with Crypto.com to enhance institutional-grade SUI custody

  • The collaboration aims to boost liquidity and institutional custody for SUI assets.
  • It offers compliant cold storage, regulatory-ready solutions, and transparent audits.
  • SUI gained nearly 5% the past week.

Crypto.com exchange revealed a strategic collaboration with the Sui Foundation, which handles the thriving Sui blockchain.

According to the official announcement, the move aims to expand liquidity, institutional-level custody, and compliance for the platform’s native coin, SUI.

With this alliance, wealthy individuals and enterprises using Crypto.com can store and manage their SUI holdings in a secure and regulated custody environment.

That comprises transparent audit trails, cold storage security, and streamlined regulatory procedures, bolstering customer confidence in asset safety and compliance.

Crypto.com’s president and COO Eric Anziani commented on the partnership, saying:

We’re excited to provide secure custody and liquidity solutions for the SUI token to the Sui Ecosystem. Our rigorously compliant infrastructure gives institutional and high-net-worth clients the confidence they need to engage securely and confidently.

Most importantly, individuals will have access to Crypto.com’s robust liquidity pool, offering cost-efficient and faster conversions. That’s a crucial element for clients operating in institutional trading setups or managing massive portfolios.

Sui thrives in institutional adoption

The Crypto.com collaboration comes as the Sui blockchain experiences amplified appetite from institutional investors.

The network offers predictable, user-friendly fees and an innovative infrastructure designed for enterprises and developers.

The project has seen an increase in institutional products in recent months, including ETF filings, ETNs, and Trusts.

These continue to push SUI into regulated markets, positioning the altcoin as a vital player in blockchain evolution.

Yesterday, Nasdaq-listed SUI Group partnered with Bluefin to propel institutional adoption of digital products tied to the Sui network.

Meanwhile, the Crypto.com alliance signals a crucial step for the Sui Foundation in creating a compliant environment for institutional participation.

The move improves the blockchain’s ability to onboard wealthy investors and businesses looking to interact with SUI in a compliant way.

Commenting on Crypto.com’s deal, Sui Foundation’s Managing Director Christian Thompson said:

We’re pleased a top-tier platform like Crypto.com now supports SUI custody, providing a crucial on-ramp for institutions and high-net-worth clients. Sui’s momentum with institutions is compounding, and it’s incredible to see crypto’s leading infrastructure providers rally around the ecosystem.

Notably, the strategic alliance fills the gap between Sui’s innovative offerings and the financial setups that require enterprise-level oversight.

Regulated global ecosystems like Crypto.com can help the Sui Foundation cement its credibility and visibility in TradFi.

SUI price outlook

The native token is hovering at $2.10 after gaining nearly 5% the past seven days.

However, SUI has dropped around 3% of its value today, as the broader market corrects after yesterday’s rally.

Meanwhile, prevailing institutional interest positions SUI for remarkable long-term growth.

As the cryptocurrency industry matures, collaborations that combine compliance and innovation will likely shape the future of blockchain technology.

The post Sui Foundation partners with Crypto.com to enhance institutional-grade SUI custody appeared first on CoinJournal.

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HBAR price surges as Hedera joins Google BigQuery for transparent data access

  • Enterprise and developers can now view Hedera’s full transaction history on Google BigQuery.
  • They can track NFTs, DeFi trends, and tokenized assets across multiple platforms.
  • HBAR price gained nearly 10% the past 24 hours.

As the cryptocurrency market hints at recoveries, Hedera Hashgraph has moved toward amplifying blockchain transparency.

According to today’s press release, the blockchain has joined Google BigQuery public datasets.

With this integration, developers, enterprises, and analysts can query Hedera’s complete transaction history, similar to major networks like Bitcoin, Ethereum, Avalanche, and Tron.

The official blog post highlighted:

With Hedera now part of BigQuery’s public datasets, users can perform cross-chain research and analytics at an unprecedented scale. The Hedera Foundation’s commitment to transparency and accessibility is further reinforced by this project, empowering developers and enterprises with critical blockchain insights.

With this move, users can now analyze blockchain activity without the need to handle their own infrastructure.

They can smoothly access query-ready data sets that highlight detailed insights into token activity, transaction volume, and network performance.

For instance, businesses can compare transaction speeds and costs between Hedera and other platforms.

Also, they can track NFTs, DeFi trends, and tokenized assets.

Hedera advances blockchain accessibility through strategic alliances

The integration of HBAR statistics into Google BigQuery follows collaborative efforts between the Hedera Foundation, Hedera developers, Ariane Labs, and Hashgraph engineers.

The primary goal is to make Hedera data accessible and comparable with different blockchains to enhance transparency while enriching enterprise adoption.

Reliable, open, and queryable stats can help businesses integrate blockchain datasets into sectors like DeFi research, ESG tracking, supply chain management, and web3 development.

Moreover, the initiative leverages Google Cloud’s infrastructure to ensure that Hedera statistics are up-to-date and essential for different applications.

The team added:

By making historical Hedera data openly available, the opportunities for innovation, comparative blockchain research, and enterprise-grade analytics are more expansive than ever.

HBAR price analysis

Hedera’s native token trades at $0.1896 after gaining more than 9% the past 24 hours.

The 135% uptick in daily trading volume signals renewed buyer interest, suggesting more gains for the altcoin.

HBAR is trading above a key support barrier of $0.1888.

The current momentum can support surges to the initial resistance at $0.1972.

Overcoming this obstacle can support significant rallies in the near term.

Technical indicators suggest more gains for Hedera’s token.

The 4Hr Relative Strength Index of 63 signals buyer momentum.

Also, the Moving Average Convergence Divergence above the signal line with massive green histograms signals bullish momentum.

Further, HBAR boasts various catalysts that could support robust gains in the coming times.

For example, the approved spot Hedera exchange-traded fund opened the gates for institutions and traditional investor participation.

The post HBAR price surges as Hedera joins Google BigQuery for transparent data access appeared first on CoinJournal.

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Decred price prediction as profit taking pulls down the altcoin 17%

  • Decred price dips 17% after a strong weekly rally and high profit-taking.
  • The key support at $32.54 is critical to maintain the bullish momentum.
  • Analysts highlight long-term targets up to $224.52 for Decred (DCR).

Decred price has faced a short-term setback as the DCR token fell 17.24% to $33.26, contrasting sharply with its impressive weekly surge of over 60%.

While some investors are taking a cautious approach after an extended rally, many remain optimistic about Decred’s long-term prospects, especially considering its unique hybrid governance model and privacy-oriented features.

DCR dips amid profit-taking and regulatory uncertainty

Decred (DCR) experienced a notable decline today following an intense period of profit-taking.

Over the past month, DCR has surged by more than 140%, and the heightened activity is evident in its 24-hour trading volume, which jumped over 100% to $92.9 million.

Traders appear to be locking in gains after a parabolic rise, which coincides with a cooling off from previously overbought conditions.

Notably, the 7-day RSI, now at 60.26, reflects a natural pullback, highlighting the market’s temporary hesitance to push the price higher immediately.

Decred price chart
Decred price chart | Source: CoinMarketCap

Regulatory concerns are also adding a layer of uncertainty.

Discussions around the EU’s proposed 2027 ban on anonymous crypto transactions have resurfaced, creating hesitancy among investors.

While Decred’s hybrid governance model and resilient fundamentals offer some protection, the regulatory environment for privacy-focused coins remains a key risk factor.

Cryptocurrency exchanges, such as Upbit, are historically wary of compliance issues and have delisted DCR in the past, amplifying short-term caution among traders.

Technical signals show cooling, but long-term potential

From a technical perspective, the DCR price recently broke below its pivot point of $33.95 and the Fibonacci 23.6% retracement at $35.1, suggesting a short-term bearish trend.

The MACD histogram has narrowed to +1.41, signalling a potential slowdown in upward momentum.

According to some market analysts, maintaining above $32.54 is critical for DCR to preserve its breakout momentum from the past week, allowing the token to potentially resume its upward trajectory.

If DCR can hold the $30–$32 support zone, it may stabilise and prepare for another upward push.

Failing to maintain this support could expose the altcoin to further declines toward $29.51, though the 30-day SMA at $20.88 continues to indicate that the long-term structure remains intact.

Conversely, should Decred (DCR) price climb past $35.42, it could target the next resistance at $38.93, with a longer-term goal of $56.86.

Decred price forecast amid the market pullback

Investor sentiment toward DCR remains cautiously optimistic despite the recent pullback.

Rekt Capital, for instance, recently highlighted that Decred has followed a setup shared over a year ago, rallying 140% across the range before breaking out for an overall 500% gain.

This historical perspective underscores the altcoin’s potential for long-term upside.

Adding to this optimism, crypto analyst Javon pointed out that DCR’s target of $224.52 remains unchanged, noting that the early-stage climb toward this price could just be beginning.

Javon’s assessment emphasises that while short-term corrections are natural, the broader trend for Decred remains bullish, supported by both technical fundamentals and investor confidence in its hybrid governance and privacy features.

In essence, while the Decred price has faced a necessary cooling-off phase amid profit-taking and regulatory uncertainties, key support levels and historical performance suggest that the altcoin may soon regain upward momentum.

With the DCR token holding strong near crucial supports and bullish indicators from market experts like Rekt Capital and Javon, investors may find opportunities to enter or expand positions while monitoring short-term fluctuations.

The post Decred price prediction as profit taking pulls down the altcoin 17% appeared first on CoinJournal.