Kategorie: Crypto Business

Daily headlines and news about crypto business.

Veröffentlicht am

Meme coin news: FLOKI price dips 17%, SHIB’s 270M outflows signal investor confidence

  • FLOKI loses momentum after Musk-triggered rallies.
  • Over 270 million Shiba Inu tokens left crypto exchanges in the past 24 hours.
  • The meme coin market remained stable over the past 24 hours.

Digital assets plunged again on Thursday as Bitcoin lost more than 2.5% the past day to $108,200.

The meme coin market, on the other hand, was able to trade flat on Tuesday.

The total market cap for meme coins remained above the $60 billion mark.

FLOKI sinks after Musk-fueled rally

Tesla CEO Elon Musk stirred the cryptocurrency market on Monday after sharing a post about his Shiba Inu pet, Floki, being the new X chief.

Meme cryptocurrency FLOKI, which shares its name with the famous dog, turned bullish almost immediately after the post.

The altcoin gained more than 30% as the cryptocurrency community focused on the “Floki is back” part.

However, the hyped didn’t last.

FLOKI has lost more than 17% on its 24-hour chart after plunging from $0.0000883 to $0.00007295 intraday low.

The sharp price swings confirm how volatile assets can be, especially those sensitive to social media chatter.

FLOKI is trading at $0.00007400, with faded traded volumes hinting at more price declines.

Further, the prevailing broader market downturn weighs on FLOKI’s performance.

Shiba Inu outflows signal investor trust

While FLOKI dominated price charts, Shiba Inu (SHIB) was in the limelight for different reasons.

CryptoQuant data shows the second-largest cryptocurrency recorded over 270 million in exchange outflows in the past 24 hours.

The metric plummeted from around 675 million tokens to 468 million in a day, reflecting staggering SHIB accumulation.

Massive asset withdrawals from exchanges signal holders moving assets to private wallets for long-term holding.

That translates to reduced selling pressure in the near-term.

In other words, large-scale investors seem confident in SHIB’s future performance.

The meme token is trading at $0.00001002 after an over 2% dip the past day.

SHIB has consolidated the past 24 hours, with recovering trading volumes hinting at imminent reversals.

However, broader sentiments remain crucial in determining Shiba Inu’s price actions.

Meme market overview

FLOKI and SHIB grabbed attention as the overall meme cryptocurrency market stayed somewhat stable.

CoinGecko data shows the value of all theme coins remained unchanged at above $62 billion.

Meme digital tokens outperformed the overall digital currency industry.

The crypto market capitalisation dropped over 2% the past 24 hours to $3.71 trillion.

The stability confirmed mild sentiments among meme tokens as bears rattle the overall market.

Could it be calm before the storm? Keep in mind that themed currencies often precede broad-based recoveries.

Meanwhile, analysts forecast bull runs in the coming months, citing key metrics. Michael van de Poppe says:

I think that we’re going to see a very soft print on the CPI, and then, going towards 50-75 bps rate cuts of the FED into the end of the year. We’re at the start of the altcoin bull run, and Bitcoin toward $1M.

Nevertheless, the current cryptocurrency landscape requires caution as volatility dominates.

The post Meme coin news: FLOKI price dips 17%, SHIB’s 270M outflows signal investor confidence appeared first on CoinJournal.

Veröffentlicht am

Ethereum’s Vitalik Buterin applauds Polygon for pioneering ZK technology

  • He has praised Polygon and founder Nailwal for their contribution to Ethereum’s scalability.
  • Buterin highlighted Polygon’s early leadership in zero-knowledge technology.
  • Nailwal has participated in various humanitarian acts, including funding Balvi’s pandemic research.

The cryptocurrency market remains weak as Bitcoin’s fundamentals continue to weaken.

Amid the uncertainty, Vitalik Buterin has taken it to X to publicly praise Polygon and its founder, Sandeep Nailwal, for their remarkable contributions to scaling Ethereum.

Buterin commented on Polygon’s technical breakthroughs, especially its early investment in zero-knowledge EVM (Ethereum Virtual Machine) development.

He further respected Nailwal’s humanitarian efforts that merged health initiatives with blockchain development.

I really appreciate both Sandeep Nailwal’s personal contributions and Polygon’s immensely valuable role in the Ethereum ecosystem.

Polygon’s influence on Ethereum’s growth

Buterin’s post emphasized Polygon as a cornerstone of Ethereum’s scalability, crediting the blockchain for hosting innovative applications.

For instance, Polymarket has seen remarkable traction as a non-monetary blockchain offering real-world value.

Moreover, Polygon has hosted multiple high-throughput.

It has also prioritized ZK-EVM development and research.

Vitalik applauded the project’s early collaboration with Jording Bayliba’s team, who helped the Ethereum ZK ecosystem thrive during its experimental phase.

Polygon put a lot of resources into ZK-EVM proving early on, both by bringing in Jordi Baylina’s team and through other efforts, and greatly helped in moving the space forward.

The Ethereum co-founder also praised Polygon for creating AggLayer, which aids proof aggregation.

Buterin believes these efforts reflect Polygon’s dedication to building innovative tools that strengthen the Ethereum ecosystem.

Nailwal’s humanitarian efforts

Besides Polygon’s technical success, Buterin also spotlighted Sandeep Nailwal’s humanitarian drive and personal integrity.

For instance, his CryptoRelief initiative donated crypto assets to support India’s biomedical infrastructure.

In a gesture that demonstrated Nailwal’s integrity, the Polygon co-founder refunded SHIB tokens worth $190 million that Buterin had sent to the relief fund.

Buterin later channeled these funds to launch Balvi, an anti-pandemic project focused on indoor air safety and refining global health.

He voluntarily returned $190M of the proceeds from the SHIB token that I donated, which made the whole Balvi open-source anti-airborne-disease biotech program possible and possibly accelerated our understanding of important anti-pandemic topics like clean indoor air by years.

ZK technology and what’s next

Besides his appreciation, Buterin reflected on Polygon’s current advancement crossroads.

While the POL ecosystem pioneered ZK tech, the landscape has matured.

For instance, ZK-centric teams like Risc Zero, Brevis, and Succinct Labs now work independently from L2 networks.

Buterin trusts that such separations boost specialization as each team showcases its full capabilities.

Furthermore, Buterin urged Polygon to adopt “off-the-shelf ZK tech for enhanced security within its proof-of-security chain to align with Ethereum’s vision for L2 scalability.

Indeed, ZK has adopted a user-friendly approach, with each transaction costing $0.0001 to prove.

Altcoins Ethereum and Polygon’s POL underperformed today as selling activities dominate the broader cryptocurrency landscape, losing up to 5% of their value in the past day.

The post Ethereum’s Vitalik Buterin applauds Polygon for pioneering ZK technology appeared first on CoinJournal.

Veröffentlicht am

Ripple (XRP) makes $1B move into corporate finance with GTreasury acquisition

  • Ripple expands beyond cryptocurrency payments into enterprise finance.
  • The purchase unlocks the multi-trillion-dollar treasury market.
  • Ripple will leverage GTreasury’s 4-decade experience to reach top and wealth clients.

Ripple is in the limelight again. This time outside crypto.

The remittance company has taken it to X to confirm purchasing the treasury management firm GTreasury for $1 billion.

The deal has gained traction as it marks Ripple’s bold move toward democratizing corporate finance.

Notably, GTreasury boasts a four-decade experience serving leading brands, and offers the traditional credibility that matches Ripple’s ethos.

The blockchain firm aims to transform the financial space with speed, reduced entry barriers, and lower fees, solving problems that have long engulfed the TradiFi space.

Commenting on the acquisition, Ripple CEO Brad Garlinghouse has said:

Ripple’s and GTreasury’s capabilities together bring the best of both worlds, so treasury and finance teams can finally put their trapped capital to work, process payments instantly, and open up new growth opportunities.

Ripple unlocks a new era for treasury management

The $1 billion purchase reflects Ripple’s dedication to combining old and new technology to revolutionize global finance.

Moreover, the timing appears perfect.

Corporate treasuries are exploring ways to navigate the new finance, which is centered around digital currencies.

Most are grappling with the best strategies to handle things like stablecoins and tokenized deposits.

Meanwhile, Ripple has acquired GTreasury to merge decades of treasury expertise and blockchain technology.

The alliance focuses on two things.

Firstly, it aims to unlock idle funds for enterprises to access new liquidity through strategic collaborations, like partnering with prime broker Hidden.

Secondly, corporations will enjoy near-instant payments, cutting the current settlement time to seconds from days.

GTreasury CEO Renaat Ver Eecke said:

The combination of our cash forecasting, risk management, and compliance foundation with Ripple’s speed, global network, and digital asset solutions creates an opportunity for treasuries to manage liquidity, payments, and risk in the new digital economy.

Why does it matter?

Ripple’s move into enterprise finance is about transformation and growth.

Treasury management systems have relied on outdated infrastructure for years, lagging behind tech innovation.

Blockchain is about to change that, with Ripple’s venture into the space promising transparency, efficiency, and speed in international monetary operations.

Keep in mind that Ripple’s XRPL can process up to 1,500 TPS (transactions per second).

Precisely, this acquisition connects two worlds. Ripple’s blockchain-centric efficiency meets GTreasury’s expertise in corporate finance.

Success here could alter how leading companies handle liquidity in the changing fiscal landscape.

With GTreasury’s acquisition, Ripple expands beyond cryptocurrency as it shapes the next phase of finance.

XRP price outlook

Ripple’s native token mirrored the current downside in the broader marketplace.

XRP hovers at $2.38 after losing more than 3% in the past 24 hours.

The GTreasury acquisition updates failed to flip sentiments as they coincided with Bitcoin’s dip below $108,000.

The cryptocurrency market exhibits significant selling pressure.

XRP should reclaim $2.80 to avoid potential declines to the support barrier at $2.10.

The post Ripple (XRP) makes $1B move into corporate finance with GTreasury acquisition appeared first on CoinJournal.

Veröffentlicht am

Crypto wrap: BNB dips 10% as SOL tests $200; XRP ETFs updates

  • Binance Coin slides amid market pressure.
  • SOL rallied past $200 psychological mark today.
  • The Ripple community expects XRP ETC decisions between 18 and 25 October.

The cryptocurrency market took another hit on Tuesday as major altcoins plunged after Bitcoin dipped from $115,800 intraday high to $110,280.

Coinmarketcap data shows top digital assets suffered the most.

The CMC20 Index, which tracks the performance of the top twenty cryptocurrencies excluding wrapped versions and stablecoins, dipped by 5.95% in the past 24 hours.

On the other hand, the global crypto market capitalization lost 3.90% in that timeframe to $3.74 trillion.

In this article, we explore the latest developments associated with large-cap altcoins Binance Coin, Solana, and Ripple’s XRP.

BNB dominates trends with its wild price fluctuation, whereas the others gained traction after CME Group launched XRP and SOL options yesterday.

BNB leads the downside

Binance Coin was among the altcoins displaying resilience amidst the current broader market turmoil, even hitting an all-time high of $1,368 yesterday.

However, the digital coin turned bearish today after a substantial 10% dip on the daily timeframe.

BNB is hovering at $1,150, with a 27% dip in 24-hour trading volume signaling immense selling pressure.

The token witnessed profit-taking after the latest rally and negative sentiments, as analysts discovered that Binance could have orchestrated the October 10 flash crash.

The exchange’s systems froze during the market-wide slide, triggering forced liquidations.

Traders witnessed their portfolios drop to zero as they failed to exit to minimize losses.

These developments saw the crypto community shifting the blame from Trump’s 100% tariffs threat to China to Binance’s manipulation.

Nevertheless, BNB exhibits a bullish structure after soaring from $615 in June.

The token eyes further gains in Uptober as it holds above the $1,000 psychological zone.

Solana hits $200

SOL’s 24-hour chart shows a thriving token in an otherwise choppy market.

The digital coin soared to $210 daily peaks before cooling.

Solana is trading at $192, with a 12% uptick in daily trading volume reflecting renewed optimism.

Buyers are targeting a clean break above $200, which can shift SOL’s short-term trajectory to the upside.

Meanwhile, the support barrier at $180 remains crucial.

Holding above its can support breakouts past the resistance at $212.

That might support SOL gains to mid-September highs of $244.

On the other hand, failure to hold $180 might catalyze deeper slides to $165.

XRP ETF decision approaches

Ripple’s native token remains in the spotlight as the community awaits the SEC’s decision on pending ETF applications between 18 October and 25, 2025.

Multiple issuers, including Grayscale, 21Shares, Bitwise, and CoinShares, are bracing for key moments on their XRP exchange-traded funds filings.

An approval from the SEC would be a milestone for the digital assets.

XRP will experience magnified institutional exposure, one that could outperform ETF pioneers Bitcoin and Ethereum.

XRP trades at $2.46 after 15% and 4% in the past week and day.

The post Crypto wrap: BNB dips 10% as SOL tests $200; XRP ETFs updates appeared first on CoinJournal.

Veröffentlicht am

Uniswap (UNI) introduces “The Compact” to power seamless cross-chain interoperability

  • Uniswap Labs has unveiled a new system to make cross-chain interactions secure and frictionless.
  • The Compact introduces a shared mechanism to inhibit fragmentation across decentralized platforms.
  • The new feature could change how assets and projects interact in the blockchain industry.

Uniswap Labs has revealed a key move towards solving one of the main challenges in decentralized finance (DeFi) – interoperability – which means communications or interactions between different blockchains.

The decentralized trading protocol has announced The Compact, an open-source contract system aiming to make applications and digital assets interoperable.

That means users can move apps and assets from across various chains without risky or complicated workarounds.

Generally, The Compact allows users to “commit” tokens for specified actions, like cross-chain operations or swaps, while retaining control.

It is an innovative way of locking assets securely while allowing them to move credibly and freely across different platforms.

The official blog indicated:

The Compact enables secure cross-chain settlement through a system of reusable Resource Locks and programmable commitments. When sponsors deposit assets, they create ERC6909 tokens representing those locked assets, which remain under the sponsors’ control.

Meanwhile, Uniswap’s new release might transform how decentralized applications interact with each other.

Rather than each project creating its escrow solution or bridge, The Compact offers a shared platform that all developers can utilize, adapt, and trust.

Fixing a fragmented space

The current DeFi landscape comprises hundreds of blockchains, sidechains, and rollups, each boasting its own standards and tools.

These fractures create substantial challenges.

For instance, developers might find themselves rebuilding similar infrastructure.

Also, users have to juggle several wallets, while others deal with trapped tokens after using incompatible systems.

Uniswap Labs seeks to fix that using The Compact.

With this framework, individuals can access a common set of tools when managing value across chains.

That means protocols can offer cross-chain functionalities without surrendering decentralization or security.

Why does The Compact matter?

DeFi projects have struggled to communicate without a collective framework.

Each protocol has had to create a bridging system or escrow, which leads to user friction, rigid trust models, and fragmented liquidity.

The Compact introduces the missing piece in the puzzle.

Image

With the new system, developers on the Uniswap blockchain can remove the complexity of an asynchronous environment.

Users can enjoy simple and declarative compatibility without bridges or wallets.

The team declared:

With The Compact, developers can finally offer simple, declarative interactions where users never have to navigate the underlying complexity without building new infrastructure that risks ecosystem fragmentation.

UNI price outlook

Uniswap’s token has struggled in the past few sessions, despite broader market rallies.

UNI is trading at $7.88 after losing nearly 20% of its value the previous month.

The coin has consolidated the previous week, and prevailing sentiments suggest a possible breakout to the upside.

Overcoming the resistance around $8.40 could support UNI recoveries to $12 and $18 amid extended broad-based surges.

The post Uniswap (UNI) introduces “The Compact” to power seamless cross-chain interoperability appeared first on CoinJournal.