Kategorie: Crypto Business

Daily headlines and news about crypto business.

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.

Veröffentlicht am

AgriFORCE to rebrand as AVAX One in $550M bet on Avalanche Network

  • The firm will become AVAX One and focus on accumulating Avalanche tokens.
  • AgriFORCE aims to become the first publicly listed AVAX-centred entity.
  • Institutional interest signals confidence in Avalanche’s future.

Nasdaq-listed AgriFORCE Growing System has announced a historic pivot into the blockchain sector.

According to Monday’s press release, the firm will change its name to AVAX One and raise roughly $550 million to fund Avalanche accumulation.

AVAX One plans to hold Avalanche tokens worth over $700 million, becoming the first publicly listed company dedicated to purchasing AVAX.

The move has gained attention as it marks AgriFORCE’s significant departure from the agriculture sector.

It reflects the firm’s confidence in blockchain as a disruptive force across various industries.

Commenting on this new development, AgriFORCE’s CEO Jolie Khan says:

For the first time, our company provides public market investors with a professionally-managed vehicle to invest directly in this transformation. Our mission is to maximize our ownership of this foundational technology, AVAX, on a per-share basis, delivering direct value to our shareholders as this new economy grows.

Avalanche grabs institutional interest

The Layer 1 has gained traction as a top platform for institutions interested in blockchain.

Avalanche boasts security with over $6.2 billion in staked assets.

Also, leading firms such as Apollo, JPMorgan Chase, and KKR are already using the AVAX network to launch custom blockchain solutions and tokenized products.

Avalanche boasts faster transaction speeds, low costs, and high scalability, features that are crucial for RWA tokenization and DeFi.

Such perks have increased the blockchain’s institutional appeal.

The $550 million bet

The firm plans a massive capital raise led by Hivemine Capital and participation from more than 50 investors, including Cypher Capital, Republic Digital, Kraken, Digital Currency Group, ParaFi, and Galaxy Digital.

The raise will include $250 million in equity-linked financing and $300 million PIPE (subject to stakeholder approval).

Hivemind Capital founder Matt Zhang said the firm plans a short- and long-term approach:

Our near-term active strategy will focus on disciplined asset accumulation and, in the long run, acquiring and onboarding cash-flowing fintech businesses onto the Avalanche network. This creates a powerful growth flywheel and sustained NAV premium that differentiates ourselves from all other digital asset treasury companies and ETFs.

AVAX One will use the raised capital to support its goal of owning AVAX worth more than $700 million.

AVAX price outlook

Avalanche’s native token maintained a bearish outlook today.

It is trading at $31.43 after losing over 4% of its value in the past 24 hours.

AVAX remains bullish after gaining 10% and 20% in the past week and month.

The altcoin trades within the key breakout level between $30 and $31.

Reclaiming $36 could support short-term rallies to $42 and flip AVAX’s near-term trajectory to bullish.

However, losing the foothold at $28 might postpone the imminent rally.

Broad market sentiments will determine Avalanche’s price actions in the coming sessions.

Meanwhile, emerging institutional interest positions the AVAX project for massive growth in the coming times.

The post AgriFORCE to rebrand as AVAX One in $550M bet on Avalanche Network appeared first on CoinJournal.

Veröffentlicht am

Crypto.com integrates Sei Network to strengthen security and institutional access

  • The exchange now supports Sei’s native token with compliant cold storage.
  • Institutions can securely manage SEI for ecosystem growth, treasury, and staking.
  • Accelerated institutional adoption will fuel Sei’s expansion.

Crypto.com has officially integrated Sei into its institutional custody network, offering businesses and merchants a secure option to manage and hold SEI assets.

The collaboration aims to enhance user trust and unlock new opportunities for validators, funds, and treasuries within the Sei blockchain.

Crypto.com Custody provides custody services to leading institutions and wealthy clients with state-of-the-art security.

It has now tapped into Sei’s capabilities.

Commenting on the latest development, Crypto.com’s COO and President, Aric Anziani, said:

Institutional custody is a critical foundation for scaling blockchain ecosystems. We’re pleased to support the Sei Network’s mission to power high-frequency, low-latency applications with secure infrastructure that meets the highest standards of compliance and operational integrity.

Such narratives reflect Crypto.com’s vision of becoming the backbone for compliant crypto infrastructure for platforms focused on finance and trading.

Why does it matter for Sei?

Sei has thrived since its 2023 mainnet launch to become a notable player in the L1 sector. It prioritizes on-chain finance and top-speed trading.

The SEI Network supports nearly 50 million wallets, handling billions of transactions.

Recently, the blockchain integrated PayPal’s stablecoin to promote crypto adoption in global finance.

That reflects increasing institutional interest in the Sei Network. The platform needs high-end security for smooth operations, especially amid thriving staking.

Messari highlighted that SEI stakers celebrated positive yield for the first time as the blockchain flourishes.

Crypto.com Custody guarantees security through its innovative tools.

The exchange offers compliant, institutional-grade cold storage for large-scale investors to manage SEI assets for treasury operations, ecosystem expansion, and validator incentives with minimized risks.

The L1’s team has welcomed Crypto.com’s action as a milestone for greater adoption.

The Sei Development Foundation director Justin Barlow said:

We’re thrilled to see another leading provider of institutional-grade custody solutions choose to support the Sei Network. Through Crypto.com Custody, institutional investors will have yet another tool to interact with Sei in a secure and regulated way.

Barlow’s comments echo prevailing trends of blockchain networks integrating with security and compliance frameworks to offer institutional-grade services.

Sei V3 Giga upgrade

Crypto.com’s integration comes as the network prepares for the V3 Giga upgrade, designed to deliver innovative scaling solutions for Ethereum-compatible apps.

The update positions Sei to democratize Web3, aiming for 200,000 transactions per second (TPS) and sub-400ms finality.

With secure custody, Sei can attract magnified liquidity from institutions and expand its validator set.

SEI price outlook

Sei Network’s native token mirrored prevailing broader declines.

It has lost nearly 4% in the past 24 hours to $0.3254.

Cryptocurrencies endured a bloodbath on Friday after losing steam following recent FOMC-driven gains.

However, analysts predict solid rebounds in the coming sessions and in “Uptober.”

Institutional use cases would support explosive growth for SEI upon broad market bull runs.

The post Crypto.com integrates Sei Network to strengthen security and institutional access appeared first on CoinJournal.

Veröffentlicht am

BNB hits new ATH above $900 as Binance’s new DeFi initiatives spark bullish momentum

  • Binance Coin has hit new all-time highs, surpassing the $900 psychological mark.
  • The exchange’s collaboration with Franklin Templeton fueled the upside.
  • The partnership promises institutional-grade solutions.

Cryptocurrencies recorded relief rallies today after the United States PPI data, which increased the odds of rate cuts in the upcoming Fed meeting.

Meanwhile, Binance Coin led the recovery with a stable surge to new all-time highs.

BNB rallied to $905 intraday highs, fueled by Binance’s latest strategic collaboration with global investment manager Franklin Templeton.

The alliance aims to bolster digital finance accessibility globally, deliver institutional-grade monetary solutions, and accelerate tokenized assets adoption.

Binance’s official announcement highlighted:

We aim to bring greater efficiency, transparency, and accessibility to capital markets – while enhancing yield opportunities and settlement speed. This collaboration bridges the scale of traditional finance with the agility of decentralized markets, delivering solutions tailored to the evolving needs of a broad range of investors.

Merging DeFi with TradFi

The alliance has a common goal – transforming the traditional capital markets through decentralized finance.

The $1.6 trillion Franklin Templeton will leverage its experience in tokenizing securities, whereas Binance contributes its massive trading infrastructure and deep liquidity.

The duo plans to introduce innovative investment products that create new yield opportunities, enhance transparency, and streamline transaction settlement.

Commenting on the move, Franklin Templeton’s Head of Digital Assets, Roger Bayston, said:

By working with Binance, we can deliver breakthrough products that meet the requirements of global capital markets and co-create the portfolios of the future. Our goal is to take tokenization from concept to practice for clients to achieve efficiencies in settlement, collateral management, and portfolio construction at scale.

Binance cements institutional focus

The alliance reflects Binance’s dedication to serving institutional players as DeFi merges with traditional finance.

The exchange’s Head of VIP and Institutional, Catherine Chen, emphasized:

Binance has a record of innovating first-in-crypto solutions that unlock access and opportunities for investors. Our strategic collaboration with Franklin Templeton to develop new products and initiatives furthers our commitment to bridge crypto with traditional capital markets and open up greater possibilities.

BNB price outlook

Binance Coin exhibited a bullish structure today, boosted by the collaboration news and broader market recoveries.

It trades at $896 after a slight correction from its all-time high.

The 30% surge in daily trading volume signals revived optimism.

The latest move by Binance US to reduce trading fees also boosted enthusiasm.

BNB remains poised for extended gains.

Holding above $900 could open the doors towards the long-term target of $1,000 in the upcoming sessions.

Meanwhile, broader market sentiments remain crucial.

Extended recoveries would support BNB surges to higher targets, whereas a substantial selling wave would likely delay the rally.

Digital tokens saw relief rallies today after the US PPI data increased the chances of rate cuts.

Bitcoin has reclaimed $113,000 as the global crypto market cap soared to $3.96 trillion (Coinmarketcap data).

Experts anticipate bullish performance from cryptocurrencies in the upcoming sessions, citing the potential rate cuts during the September 17 Fed meeting.

The post BNB hits new ATH above $900 as Binance’s new DeFi initiatives spark bullish momentum appeared first on CoinJournal.

Veröffentlicht am

XVS price turns bullish as Venus Protocol recovers funds stolen from phishing scam

  • The platform has recovered the assets and returned them to the victim.
  • The attack happened on September 2, and the swift action has restored user confidence.
  • XVS gained 2% amidst the community’s optimism.

A leading DeFi lending platform, Venus Protocol, has demonstrated its capability after the team recovered funds lost to a phishing scheme that shook its community in the past few days.

Notably, the lending network suffered a sophisticated phishing incident on September 2, which had Venus’ renowned user Kuan Sun incurring significant losses.

Venus Protocol’s team has worked with investigative platforms like PeckShield to pursue a retrieval, and they have succeeded. The X post read:

We are happy to share that… we have officially returned KuanSun’s position worth $11.4M at today’s token prices.

Venus Protocol’s team acted swiftly to manage the situation and secure the ecosystem’s reputation.

After guaranteeing that the protocol was safe as the perpetrator targeted a specific user, Venus suspended its operations for 20 minutes after the attack to kick-start the investigation.

It detailed:

This was done to ensure that the protocol and all users were safe, and to secure the funds of the compromised user.

The post-incident analysis shows the Venus team completed security checks, verified the systems’ integrity, and recovered the stolen assets in less than 12 hours.

The transparency throughout the recovery process, and swift actions guaranteed the community the protocol’s safety and a reliable governance that can handle crises smoothly.

The network’s native token reflects prevailing optimism with a bullish performance.

XVS price outlook

Venus Protocol’s token has recovered from its post-hack slump.

XVS hovers at $6.31 after gaining more than 2% in the past 24 hours.

The 40% upsurge in 24-hour trading volume signals renewed confidence in the $100M DeFi lending network.

The altcoin might extend its upside in the near term as its recovery coincides with the broader market upswings.

The global cryptocurrency market cap has increased by 0.68% in the past day as Bitcoin reclaims $112,000.

Technical indicators back XVS’s bullish trajectory.

The Chaikin Money Flow climbed from the negative territory over the weekend to press time’s 0.36.

That signals funds entering the Venus Protocol ecosystem amid restored investor confidence.

The altcoin trades well above the 50- and 100-day Exponential Moving Averages on the 3H charts, signalling buyer dominance.

Moreover, the MACD’s crossover and green histogram confirm a bullish outlook.

Also, the daily Relative Strength Index at 51 suggests a potential trend shift to the upside.

Continued uptrends will clear the path to the psychological mark at $7 before targeting February highs near $9.

Nevertheless, markets remain choppy as attention remains on the Fed decision during the September 17 meeting.

Meanwhile, Venus Protocol’s recovery underscores increased security in the DeFi space, with experts now able to recover stolen assets.

The post XVS price turns bullish as Venus Protocol recovers funds stolen from phishing scam appeared first on CoinJournal.