Kategorie: Crypto Business

Daily headlines and news about crypto business.

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Smart trader shifts to Hyperliquid’s HYPE after pocketing $2.5M profit on STRK

  • A savvy trader locks in over $2.5M on a Starknet long position opened three days ago.
  • He has rotated to HYPE with a 10x long worth roughly $2.98M.
  • Hyperliquid’s token could be poised for an upward move.

Smart money participants are celebrating profits despite the current broader bearish sentiments, which underpins Bitcoin around $95,000.

One trader is grabbing attention with his high-stakes leveraged bets.

According to on-chain tracker Lookonchain, the player has secured over $2.5 million in returns after a well-timed long on Starknet (STRK), executed three days ago.

Most interestingly, he has redirected attention to a new position, going long on Hyperliquid’s HYPE with a substantially higher leverage of 10x.

These back-to-back moves are coming as uncertainty engulfs the financial landscape, with most traders opting for wait-and-watch and caution.

Meanwhile, the latest trade has fueled optimism among HYPE holders, as it indicates confidence in the altcoin’s potential rally in the near term.

An STRK long that hit its target

Blockchain data shows the wallet opened a 5x long on 29.5M Starknet tokens, a position worth roughly $6.7 million, three days ago.

The player entered just as STRK began creating a short-term base.

The digital token has remained on the watchers’ radar lately due to ecosystem upgrades, a thriving staking marketplace, and uncertainty linked to overall market downsides.

While many hesitated as fear crippled the cryptocurrency sector, the smart trader joined before the short-lived rally started, riding a clean uptrend.

His profit surpassed $2.5 million as Starknet extends its recovery, now up 30% the past seven days.

STRK is trading at $0.2104 after losing 8% the past 24 hours amid broader weakness and profit-taking after the latest surge.

HYPE set to rebound after POPCAT scandal?

Hours after the STRK returns emerged in trackers, the trader entered a new position – a long on 77,598 HYPE, worth approximately $3 million, with a significantly higher 10x leverage.

The timing drew attention.

Hyperliquid has been among the most-watched DEXs the past week, following POPCAT’s manipulation, which saw the platform temporarily halt withdrawals.

HYPE endured substantial bearishness following the event, losing more than 10% of its value in the past week.

With the wallet’s transaction becoming some sort of sentiment indicator, enthusiasts trust HYPE is poised for a rebound as the exchange’s manipulation debates settle.

Committing almost $2.98 million to a 10x long underscores the conviction of short-term uptrends amidst broader market struggles.

HYPE remained relatively stable the past 24 hours, losing only 1.40% to trade at $38.41.

Technical indicators display neutral conditions as HYPE eyes the next move.

The Moving Average Convergence Divergence remained relatively flat with the signal line on the 1-hour chart.

Also, the Relative Strength Index at 48 suggests indecisiveness.

For now, market players are watching to see whether the smart whale turns into a reliable signal.

If his history rhymes, HYPE could be poised for a near-term rebound.

The post Smart trader shifts to Hyperliquid’s HYPE after pocketing $2.5M profit on STRK 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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Morpho Network (MORPHO) suffers service interruption as users face rendering issues

  • Morpho faced a brief outage on Nov. 6, hitting indexers, backend systems, and the app UI.
  • Core lending/borrowing stayed online, but users struggled to load dashboards and live data.
  • Backend and indexers are restored, though frontend rendering remains impaired.

As bears thrive amid broader market indecisiveness, decentralized lending protocol Morpho suffered a momentary service disruption today, November 6.

According to the project’s status page, the event impacted backed systems, indexer performance, and application rendering, blocking user access to key features.

While the outage didn’t suspend crucial borrowing and lending activity, Morpho users are facing challenges when viewing real-time data and loading dashboards.

The team acted quickly to solve indexer and backend issues, but front-end rendering, which supports the user interface, remains down.

Rendering still impaired after backend restoration

Morpho developers stabilized address indexer delays and the backend system within hours after the incident.

These two components are crucial in managing transaction data and feeding it into application layers.

Nonetheless, the frontend rendering, responsible for showcasing protocol metrics and user data, continues to face outages.

Users are either encountering blank pages or outdated info when navigating their lending positions.

Most importantly, the incident didn’t impact funding or pending lending operations.

It is an infrastructural issue not linked to security or smart contracts.

About Morpho – an advanced DeFi platform

Morpho Network establishes itself as a reliable, open, and efficient protocol that enables users to borrow assets or earn yield smoothly.

Lenders can leverage the platform’s user-friendly, non-custodial vaults that optimize yield for depositors (automatically).

On the other side, borrowers can access liquidity through Morpho Markets, where they can borrow assets without third parties.

Furthermore, Morpho’s permissionless and flexible model permits businesses and developers to curate special vaults, build dApps using the protocol’s core architecture, and create advanced markets.

The openness has increased Morpho’s appeal in the DeFi lending landscape.

Recently, Morpho Vaults version 2 launched on Ethereum “to power the future of asset curation.”

Meanwhile, Morpho’s growing developer ecosystem and interconnected design mean technical glitches on the frontend can ripple across liquidity providers, integrated applications, and users.

Morpho connects with leading liquidity platforms like Compound, Aave, and the recently hacked Balancer, matching borrowers and lenders directly to improve yield.

Morpho Network operates in a high-stakes atmosphere where uptime and reliability are vital.

Even temporary frontend issues can frustrate borrowers and liquidity providers who rely on consistent visibility.

Nevertheless, the swift move to restore the backend demonstrates the team’s dedication to user-friendliness and accountability.

MORPHO price outlook

The native coin stayed relatively calm in the past 24 hours. It gained a mere o.7% to trade at $1.65.

Meanwhile, the 45% slump in daily trading volume indicates reduced interest from traders in MORPHO, likely due to broader market uncertainty.

The post Morpho Network (MORPHO) suffers service interruption as users face rendering issues appeared first on CoinJournal.

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Starknet (STRK) integrates Dfns to unlock institutional-grade wallet automation

  • Enterprise and developers can now create and monitor wallets with automation.
  • The move adds institutional-level features like webhook alerts and MPC signing.
  • The collaboration improves wallet security, auditability, and programmability for businesses.

Ethereum-based Layer 2 Starknet has officially integrated with a renowned institutional wallet infrastructure provider, Dfns.

The move marks a crucial breakthrough in bringing automated, auditable, and secure wallet operations to the thriving STRK blockchain.

This integration allows enterprises and developers to build and manage Starknet wallets via Dfns.

That will mean real-time visibility, webhook automation, complete DeFi & NFT compatibility, and policy-based governance.

The wallet service provider said:

Dfns brings enterprise-grade wallet management to Starknet, enabling automated, auditable, and programmable wallet operations.

Precisely, Dfns is offering the STRK community control over their assets with the same transparency, scalability, and management that institutions demand.

Starknet moves toward wallet automation

Dfns’s Tier-1 integration introduces a massive system that handles the entire transaction lifecycle, from execution to confirmation.

Meanwhile, developers can access these innovative tools via an intuitive dashboard or API.

That promises streamlined wallet creation and management without complex infrastructure setups.

Some newly added capabilities include:

  • Monitoring the entire transaction lifecycle through a dashboard or API.
  • Accessing the complete on-chain details for compliance and audits.
  • Securing transaction signing leveraging HSM or MPC technology.
  • Programmed token detection for real-time balance updates.
  • Webhood automation to ensure instant alerts and settlements.
  • Full-time support for account abstraction to improve user experience.

Building on a previous partnership

Today’s integration is part of the history of a technical alliance between Starknet and Dfns.

Mid-last year, the wallet service provider participated in Starknet’s STARK curve implementation, allowing MPC wallets to run natively with Starknet’s cryptography.

The 2024 announcement read:

This toolkit will help developers currently building apps and services on Starkware and Starknet to enhance key management using multi-party computation and threshold signatures.

That advancement laid the groundwork for the recent integration, finalizing Dfn’s complete support for the Starknet ecosystem.

With the full infrastructure now live, developers and businesses can deploy decentralized applications (dApps) that merge compliance, decentralized scalability, and automation.

Fueling enterprise blockchain adoption

The Starknet-Dfns alliance comes as institutions navigate the blockchain sector, drawn by compliant, auditable, and automated tools.

With Dfns’ infrastructure, organizations can access such perks when leveraging Starknet’s high-speed, low-cost ecosystem.

The alliance merges Ethereum’s scalable L2 system with enterprise-grade wallet management.

That reflects a maturing blockchain industry, blurring the line between DeFi and TradFi.

STRK price outlook

Starkent’s digital token demonstrated stability amidst the latest Dfns updates.

It trades at $0.1061 after a less than 1% dip on its daily chart.

However, the 35% plunge in 24-hour trading volumes signals weakness, reflecting the broader market uncertainty.

The post Starknet (STRK) integrates Dfns to unlock institutional-grade wallet automation appeared first on CoinJournal.

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PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain

  • The DEX has signed a strategic collaboration with Ondo Finance.
  • BNB Chain users can access over 100 tokenized US stocks and ETFs from today.
  • PancakeSwap has offered zero trading fees for the first month.

PancakeSwap has teamed up with Ondo Finance to bring over 100 tokenized stocks and exchange-traded funds into the BNB Chain.

Starting today, users on the Binance platform can buy or sell digital representations of top US bonds, stocks, and ETFs, all pegged 1:1 to the underlying securities.

According to Ondo Finance CEO Nathan Allman:

Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized US stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making US markets globally accessible through blockchain technology.

PancakeSwap will waive trading fees for the first 30 days to celebrate Ondo Global Markets integration.

That gives the DeFi community a cost-free way to navigate tokenized traditional assets on the Binance ecosystem.

On-chain finance hits a key milestone

The alliance is part of Ondo’s mission to leverage blockchain technology to allow access to high-quality US monetary assets, including real estate and stocks.

Now, BNB Chain’s over 3.4 million daily users and the vast DeFi ecosystem can enjoy Ondo’s offerings.

Further, PancakeSwap promises user-friendliness, self-custody, and transparency.

The integration welcomes a new era for the Binance community, bridging decentralized finance with traditional markets.

BNB Chain’s thriving user base can now access high-net tokenized US securities.

The Chain’s Head of Business Development, Sarah Song, commented:

Real-world assets are one of the fastest-growing segments on BNB Chain, and having Ondo Finance join our ecosystem is another strong validation of that momentum. Together, we’re expanding access to high-quality financial assets and driving the next wave of adoption that connects traditional markets with blockchain technology.

Understanding PancakeSwap’s role

PancakeSwap is the leading DEX on BNB Chain. It will serve as the strategic launch partner supporting trading of the tokenized assets.

The decentralized exchange enables users to trade Ondo’s tokenized securities through a familiar interface, promising a remarkable experience for new and existing DeFi players.

Moreover, PancakeSwap announced a zero-fee campaign between October 29 and November 29.

Ondo will leverage PancakeSwap’s massive user base and liquidity pools to ensure streamlined market activity and price discovery for tokenization enthusiasts on the BNB Chain.

CAKE and ONDO price actions

The native tokens mirrored the broader market performance, exhibiting bearish biases on their daily timeframes.

CAKE lost nearly 5% in the past 24 hours to $2.55, whereas a 2% dip in that timeframe sees ONDO exchanging hands at $0.7364.

Bearish sentiments dominate the broader sector as the global cryptocurrency market cap plunged 1.5% the past day to $3.8 trillion.

The post PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain appeared first on CoinJournal.