Kategorie: Crypto Business

Daily headlines and news about crypto business.

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.

Veröffentlicht am

JUP price rallies as Jupiter Lend public beta launches with $2M rewards

  • Jupiter releases Lend in public beta with $2M in incentives and over 40 vaults.
  • The addition introduces higher borrowing limits and simplified earnings with reduced liquidity risks.
  • Native JUP has turned bullish following the announcement.

While most cryptocurrencies traded with unclear trajectories on Wednesday, Jupiter Exchange’s native token led the upside with a 6.99% uptick on its daily chart.

The altcoin turned green after the DeFi ecosystem confirmed the Jupiter Lend public beta launch.

Termed as “the most advanced money market on Solana,” the new functionality comes after weeks of development with Ethereum-based developer 0xFluid.

The beta launched with more than 40 vaults and over $2 million in incentives.

After weeks of testing, audits, and feedback, we’re launching with 40+ vaults and $2M+ in incentives from Jup, Fluid, and partners.

Jupiter Lend aims to transform how users borrow, lend, and maximize returns in the cryptocurrency world.

Simplified participation will likely enrich Jupiter’s DeFi landscape.

The exchange’s native token extended its daily recoveries after the announcement.

It has gained 6.99% on its 24-hour timeframe to press time’s $0.4980.

Built with proven expertise

The partnership has marked the first time two renowned DeFi teams from diverse ecosystems have converged to launch a blockchain protocol.

While Jupiter brought its Solana-native know-how, 0xFluid leverages its 7-year experience in building Ethereum-based money markets to provide an advanced liquidation and lending infrastructure.

Besides user benefits, the launch has attracted attention as it marked the first time two teams from different ecosystems have teamed up to launch a protocol that promises fairness for borrowers and simplicity for lenders.

Jupiter’s team highlighted:

For the first time, two top-tier DeFi teams from two different ecosystems are joining forces. Lend was built together with 0xFluid – a team that has spent 7 years perfecting money markets on Ethereum. We’ve worked together for months to build a Solana protocol that is simpler for lenders and better for borrowers.

Meanwhile, the platform opened Jupiter Lend to the public after months of collaborative development.

Multiple users participated in stress testing, whereas Offside Labs and Zeninth256 performed audits.

JUP’s new utility as a collateral asset

The new feature has enriched JUP’s use cases. The platform confirmed that users can deposit the native token as collateral.

That means individuals can borrow stablecoins like USDC against their JUP holdings while bolstering the ecosystem’s growth.

Such a move reflects the exchange’s emphasis on boosting the community token’s utility as the central asset for the blockchain.

JUP price outlook

The native coin soared nearly 7% over the past 24 hours to $0.4980.

JUP remains poised to extend its rally in the short term as upside sentiments surface.

Buyers are targeting price levels above $0.54.

However, improved trading volumes remain paramount to support sustained rallies.

Also, decisive momentum shifts in the broader market are crucial for JUP’s trajectory in the upcoming sessions.

The post JUP price rallies as Jupiter Lend public beta launches with $2M rewards appeared first on CoinJournal.

Veröffentlicht am

Gemini taps Ripple to launch limited edition credit card with 4% XRP cashback

  • The exchange has partnered with Ripple to launch a limited edition credit card.
  • Users will enjoy up to 4% XRP cashback on their day-to-day purchases.
  • Ripple’s RLUSD stablecoin to simplify crypto access.

As cryptocurrencies integrate with our daily financial undertakings, trading platform Gemini has collaborated with Ripple to release an XRP-powered credit card.

The limited-edition metal card aims to simplify transactions for the Ripple community, enabling cardholders to receive instant crypto incentives each time they swipe.

While traditional reward models pay in monthly cash or points, Gemini offers up to 4% cashback in XRP immediately after transactions.

Notably, the limited-edition card is currently available for users in the US alone, with applications starting today.

Spending in the digital era

The Gemini XRP credit card turns daily purchases into seamless opportunities to earn cryptocurrencies.

Imagine earning XRP tokens each time you buy groceries.

You can pay bills in dollars and receive instant crypto rewards in your account.

The incentives model comprises:

  • 4% back in XRP on EV charging, rideshare purchases, and gas.
  • 3% XRP reward on restaurants and dining.
  • 2% XRP back on groceries.
  • 1% back in XRP on all other daily purchases.

Crypto enthusiasts can leverage this setup to stack XRP tokens passively.

The digital card converts routine expenses like running errands, taking lunch, and filling up tanks into crypto investments.

RLUSD to simplify trading

The XRP credit card comes with a key update within the Gemini ecosystem.

The crypto exchange has officially integrated Ripple’s RLUSD stablecoin to support US spot trading.

Individuals can access a stable token without incurring extra conversion fees.

That streamlines how users move RLUSD, XRP, and other digital assets on the exchange.

The stablecoin enriches Gemini’s trading platform with simplified stable values and crypto-backed incentives.

Gemini’s XRP gift card and stablecoin support underscore the broader trend to make digital assets practical for daily activities.

Why timing is crucial

The move comes after Ripple gained regulatory clarity after finalising its prolonged battle with the US SEC.

Also, the United States has introduced regulatory policies to support the cryptocurrency sector.

Donald Trump signed the GENIUS law, which provided the sought-after clarity for digital assets innovations, especially stablecoins.

The XRP credit card reflects the crypto market’s maturity.

The industry that began as an experimental niche has evolved into a mainstream financial instrument with traditional offerings comprising crypto benefits.

Recently, SBI Holdings inked a deal to distribute RLUSD in Japan.

XRP price outlook

Ripple’s native token traded in the red amidst a broad market bloodbath.

It has lost 2% over the past 24 hours to $2.95.

While bears dominate short-term trends, analysts forecast impressive performance for XRP in the coming months, citing its real-world utility in global payments.

Also, the Ripple vs SEC conclusion increased XRP’s institutional appeal.

Enterprises looking for a legitimate asset to join the digital assets bandwagon will possibly choose XRP.

Analysts expect XRP’s price to rally to $5 in 2025 and further in the coming years.

The post Gemini taps Ripple to launch limited edition credit card with 4% XRP cashback appeared first on CoinJournal.

Veröffentlicht am

Ripple partners with SBI Holdings to distribute RLUSD stablecoin in Japan

  • They have signed an MOU to distribute the stablecoin in Japan via SBI VC Trade.
  • RLUSD is a licensed asset, backed by US dollar deposits, reliable reserves, and government bonds.
  • The stablecoin is set to debut in Japan in early 2026.

Blockchain firm Ripple has revealed a key development with its long-standing partner SBI Holdings, a leading financial services conglomerate in Japan.

The duo has inked a memorandum of understanding to launch and distribute Ripple USD in Japan.

They will leverage SBI’s certified crypto exchange, SBI VC Trade Co., for the Japanese market to access RLUSD.

The official press release indicates that RLUSD will launch in Japan in early 2026.

That presents a key step toward enriching financial options available to institutions, retailers, and enterprises that rely on legitimate digital currencies.

Commenting on the integration, SBI VC Trade CEO Tomohiko Kondo stated:

The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins in the Japanese market, and an important step in further accelerating the convergence of finance and digital technology.

Stablecoins’ next growth phase

Stablecoins have thrived in 2025, especially after the United States approved the highly anticipated GENIUS law.

Today, these backed digital tokens boast nearly $300 billion in market cap, and experts forecast continued growth, targeting trillions.

While traders interested in price stability fueled the initial wave of stablecoin adoptions, institutional demand and utility appear to drive phase two.

Coinbase has listed World Liberty Financial’s USD1, which has seen explosive growth since its March 2025 launch.

Meanwhile, RLUSD fits there as it prioritizes utility and institutional transactions.

Also, its compliance-first strategy elevated its industry appeal. Ripple publishes attestations from third-party auditors (each month) to guarantee transparency.

Ripple USD boasts unwavering stability, backed by short-term government bonds, US dollar deposits, and other monetary equivalents.

The compliance and transparency set RLUSD ahead of many existing stablecoins.

Ripple Vice President of Stablecoins Jack McDonald emphasized that their collaboration with SBI focuses on building a compliant and trusted financial future. He added:

This distribution in Japan with SBI VC Trade is a culmination of that work. RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance. We are confident that this partnership will not only drive stablecoin utility in Japan but also set a new benchmark for the entire market.

RLUSD’s outlook

Ripple’s stablecoin boasts over $666 million in market cap, with a daily volume of $70 million signaling notable user activity.

RLUSD received a vital boost recently after Bullish confirmed using the stablecoin for its successful $1.15 billion initial public offering (IPO) in the US.

Now, RLUSD braces for the Japan launch in early 2026. Success could boost trust in the stablecoin among institutions, enterprises, and regulators across Asia.

The post Ripple partners with SBI Holdings to distribute RLUSD stablecoin in Japan appeared first on CoinJournal.

Veröffentlicht am

SIGN price soars 11% as Sign Foundation completes $12M token buyback

  • Sign Foundation has wrapped its first buyback of SIGN coins.
  • It acquired $8M via the open market and $4M through private settlements.
  • SIGN has gained 11% in the past day amidst revived optimism.

Digital currencies performed well on Monday, and positive news flooded the market.

While enthusiasts anticipate an altcoin season, the Sign Foundation confirmed it has completed its first buyback of SIGN coins.

Notably, the program cost the organization $12 million, a move that signals their confidence in its future.

Meanwhile, it completed the buyback in two different transactions.

The Foundation purchased SIGN coins worth $8 million (117 million coins) from the open market.

It acquired the remaining $4 million via negotiated private settlements.

The buyback represents a key step in strengthening SIGN’s fundamentals and bolstering community trust.

The announcement highlighted:

Our mission is to build a resilient, sustainable, and community-aligned token economy. This buyback reflects our deep conviction in the long-term fundamentals of SIGN.

The team provided proof of the transactions through snapshots.

Their Binance holdings were 86,884,219.585986 tokens, worth $5.98 million at $0.068800 market price as of August 1, 2025.

Moreover, the August 2 execution on Bitget involved 30,347,644.59860009 SIGN, valued at $2.05 million at $0.067779 average price.

The organization arranged the remaining $4 million worth of buybacks through private deals, which might have helped limit market disruptions when transacting massive volumes.

How does the Sign Foundation plan to use the tokens?

The Foundation will use the acquired assets for various activities, prioritizing three primary areas.

Firstly, it will leverage the tokens to secure collaboration with established public companies, possibly enriching SIGN’s visibility and real-world utility.

Also, it will utilize the balance to promote listing on exchanges.

Lastly, it will reinforce the SIGN ecosystem through enhanced user engagement.

Such initiatives might strengthen investor trust and boost SIGN’s long-term demand.

Buybacks are bullish signals for cryptocurrency investors.

They demonstrate the team’s dedication and confidence in their projects.

For the Sign Foundation, the repurchase aligns with its vision of building a sustainable, community-driven, resilient token economy.

The Sign team emphasized that they will use the acquired assets to fuel growth initiatives within the ecosystem.

For context, Sign is a blockchain-based infrastructure for verifying credentials and distributing digital tokens.

The Sign Protocol powers on-chain public systems for governments and serves as a primary layer for dApps.

On the other hand, the TokenTable platform facilitates token distributions, including unlocks, airdrops, and vesting.

SIGN price outlook

The altcoin traded in the green amidst the buyback revelations.

It saw an 11% upswing from $0.06904 to $0.07682 intraday.

SIGN trades at $0.7493 after a slight correction from daily highs.

The over 400% surge in 24-hour trading volume suggests adequate momentum for extended gains in the near–term.

However, broad market developments will influence SIGN’s performance.

Continued bull runs would trigger continued surges, whereas sudden selling pressure might erase the latest gains.

Positive sentiments dominate the cryptocurrency landscape as Ethereum’s stability fuels altseason debate.

The post SIGN price soars 11% as Sign Foundation completes $12M token buyback appeared first on CoinJournal.