Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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BGB token price explodes, $6 in view as Bitget partners with Morph Chain

  • Morph Chain adopts the BGB token as its gas and governance token.
  • 860M BGB burned, cutting supply and boosting scarcity.
  • Chainlink PoR integration strengthens trust and transparency.

Bitget’s native token, BGB, has seen a sharp surge in price following a string of major announcements, with investors now eyeing the $6 mark.

The rally comes on the back of a new partnership with Morph Chain, aggressive token burns, and fresh transparency measures that have drawn renewed confidence to the exchange and its ecosystem.

Bitget inks deal with Morph Chain

Bitget has announced a strategic partnership with Morph Chain.

Under this agreement, the exchange confirmed that 440 million BGB tokens previously held by the team will be transferred to the Morph Foundation.

The deal goes further, as Morph will adopt BGB as both its gas and governance token, making it the lifeblood of the network.

This move not only ensures deeper integration of BGB into the expanding Web3 ecosystem but also places it at the heart of Morph’s settlement layer, touted as a new on-chain home for more than 120 million users worldwide.

The deal cements Bitget’s ambition of taking its token beyond exchange utility and into broader DeFi adoption.

Chainlink’s Proof-of-Reserve system integration

Beyond the Morph deal, Bitget has sought to strengthen confidence in its reserves.

On August 20, 2025, the company integrated Chainlink’s Proof-of-Reserve system, enabling real-time verification of its wrapped Bitcoin reserves.

This addresses the lingering concerns around exchange solvency that have haunted the industry since the collapse of FTX.

The proof-of-reserve system demonstrates that each BGBTC token is backed one-to-one with Bitcoin, offering institutional-grade assurance to both traders and DeFi partners.

Similar transparency upgrades, such as Binance’s earlier Merkle audits, have often paved the way for strong rallies in exchange tokens, and Bitget’s adoption of this approach could catalyse greater institutional interest in BGB.

Deflationary mechanics fuel optimism

Alongside these transparency efforts, BGB’s tokenomics have become increasingly attractive.

Over the past eight months, Bitget has burned 860 million tokens, equal to 43% of the total supply.

In the second quarter of 2025 alone, 30 million BGB, worth approximately $138 million, were permanently removed from circulation.

With the circulating supply now equal to the total supply at around 1.14 billion tokens, inflation risks have been eliminated.

On-chain data further shows that large holders have been accumulating BGB in million-dollar tranches, signalling confidence in the token’s long-term potential.

Historically, deflationary mechanisms have been a strong price driver in the exchange token market, with BNB providing one of the clearest examples.

BGB technical analysis points to $6

The price of BGB has broken above its seven-day moving average at $4.59 and cleared the Fibonacci 23.6% level at $4.84, pushing toward $5.20.

Market analysis highlights $5.20 as the pivot level to hold, with resistance expected at $5.84, $5.96, and then $6.43.

If BGB sustains its position above $5.20, a push toward the $6 zone looks increasingly likely.

However, near-term profit-taking caution remains, with momentum indicators such as the MACD histogram and RSI hinting at mild overbought conditions.

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Ethena price forecast amid a 94 million ENA token unlock

  • Ethena’s token ENA is up nearly double digits in 24 hours as bulls eye a breakout above $0.80.
  • The token expects a major unlock event of 94 million ENA.
  • Analysts say price could break out amid key fundamental strengths for Ethena.

Ethena (ENA) price is up nearly 10% in the past 24 hours, despite the USDe stablecoin platform facing a huge token unlock.

The price of Ethena at $0.69 signals a potential breakout if buyers drive sentiment post the over 94 million ENA token unlock event.

Meanwhile, trading volume has surged 53% to over $574 million and market cap to $4.6 billion, putting Ethena among the top gainers on the day.

Bitcoin Cash, Tornado Cash and Sky are among the outperformers in the past 24 hours.

Ethena price ticks up ahead of token unlock

As noted, Ethena is preparing for a significant token unlock, with 94.2 million ENA tokens set to be unlocked on Sept. 2.

Per current price, the total value of the tokens coming into circulation stands at around $63.1 million, scheduled for 15:00 UTC+8.

According to on-chain details shared by SoSoValue in a post on X, the huge ENA unlock will account for 0.63% of the total supply.

Notably, the coins will be distributed between the ecosystem fund and foundation, with 53.55 million ENA going to the fund and 40.64 million ENA to the foundation.

In the crypto market, token unlocks are critical events and often affect market liquidity and price stability.

Ethena’s price will likely swing amid the token release, with trader sentiment key to short-term price movement.

However, this unlock comes amid substantial milestones for the Ethena network, including the success of its synthetic dollar USDe.

The past month has seen USDe cross the $12 billion market cap, and Ethena surpassed $500 million in cumulative gross interest revenue. Ethena also saw over $30 million USDe of rewards distributed.

Strong fundamentals and broader market sentiment may thus help ENA price even as 94 million tokens come into circulation.

Ethena price forecast

The ENA token reached highs of $0.85 in August after a significant uptick from lows of $0.51 earlier in the month.

However, profit taking tanked prices to around $0.62 before a bullish bounce faded around $0.75.

Ethena price chart by TradingView

Ethena price is back near the $0.70 mark after its latest uptick, with ENA’s current daily chart displaying a potential cup and handle pattern.

The pattern often signals a bullish trend continuation, and a price breakout above $0.80 is likely to confirm this for Ethena.

The daily RSI above 54 and upsloping add to this bullish outlook. Buyers could target $1.26 in the short term.

The post Ethena price forecast amid a 94 million ENA token unlock appeared first on CoinJournal.

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Bitcoin, Ethereum hold steady as crypto braces for a historically brutal September

  • The crypto market is bracing for “Red September,” its historically worst month.
  • The Crypto Fear and Greed Index has plummeted into the “fear” zone.
  • Bitcoin is holding critical support around the 108,000 dollar level for now.

A fragile and deceptive calm has settled over the cryptocurrency market as September begins, a quiet start to what history warns is the cruelest and most unforgiving month of the year.

While prices are holding steady for now, a powerful undercurrent of fear is gripping traders, as seasonal weakness collides with a high-stakes macroeconomic picture, setting the stage for a potentially volatile and brutal few weeks.

The shift in sentiment has been swift and severe.

The Crypto Fear and Greed Index, a key barometer of market psychology, has plummeted from a confident 75 out of 100 in mid-August to just 46 today, plunging the market from “neutral” territory deep into the “fear” zone.

It is the worst reading since the dark days of mid-June.

This growing anxiety is rooted in the hard data of market history. Since 2013, Bitcoin has dropped an average of 3.77 percent every September, a grim and consistent pattern that has earned the month its ominous nickname: “Red September.”

The Battle for $108,000

For now, a tense battle is being waged on the charts. Bitcoin is showing a flicker of resilience, holding above the psychologically critical $108,000 support level.

But a deeper look at the technical indicators reveals a market on a knife’s edge, caught in a state of profound indecision.

The Average Directional Index (ADX) is hovering at 20, a reading that suggests a choppy, directionless market.

At the same time, the Relative Strength Index (RSI) at 40 is flashing a clear warning: the “Red September” effect is taking hold, with selling pressure beginning to dominate.

The Squeeze Momentum Indicator confirms this, showing that while a big move may not be imminent, the underlying trend remains distinctly bearish.

The most telling sign may be in the exponential moving averages (EMAs). While the broader configuration remains bullish, with the 50-day EMA above the 200-day EMA, the gap between the two is ominously starting to close.

This signals a dangerous deceleration of the bullish trend and raises the specter of a “death cross,” a technical pattern that would confirm a deep and protracted bear market.

The shadow of the Fed looms large

This internal market struggle is playing out under the long shadow of the Federal Reserve.

The central bank’s upcoming policy meeting on September 16-17 may well be one of the most contentious in years, a pivotal showdown that could determine the fate of all risk assets.

With markets currently implying an 87 percent chance of a quarter-point rate cut, the crypto market is trapped between the rock of seasonal weakness and the hard place of potential monetary relief.

Prediction markets are reflecting this bearish tilt.

On Myriad, traders now give Bitcoin a 75 percent chance of dropping to 105,000 dollars in the near future, a stunning reversal from just two weeks ago when the same market was pricing in a 90 percent chance of a surge to 125,000 dollars.

The storm clouds are gathering, and the calm of this early September morning may not last for long.

The post Bitcoin, Ethereum hold steady as crypto braces for a historically brutal September appeared first on CoinJournal.

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World Liberty Financial (WLFI) lands on major exchanges on day 1, token unlocks dampen gains

  • World Liberty Financial (WLFI) price has dropped 20% after its debut despite strong trading volumes.
  • Trump family is pushing WLFI token as the backbone of their new DeFi ecosystem.
  • Unlock fears and governance doubts weigh on investor sentiment.

World Liberty Financial’s WLFI token made its highly anticipated debut on major exchanges on September 1, pulling the crypto market’s spotlight squarely onto the Trump family’s DeFi venture.

But while the launch generated enormous excitement, massive WLFI token unlocks and profit-taking quickly tempered early gains, leaving traders cautious about what lies ahead.

WLFI token trading kicked off with a bang

Binance, Upbit, Gate and other leading exchanges began listing WLFI token on the first day, opening at around $0.30 before slipping to $0.25 within hours.

Despite the slight decline post-launch, the token’s fully diluted valuation (FDV) still pushed close to $30 billion, with market capitalisation topping $8 billion on launch day.

The debut also sparked heavy derivatives activity, with open interest in WLFI futures climbing above $1 billion, and trading volume surging more than 200% to surpass $8 billion.

While such figures underscore the intense curiosity around the project, they also reveal how speculative trading has overtaken fundamentals in shaping WLFI’s early price swings.

Token unlock sparks jitters

Alongside its market debut, WLFI saw one of the largest token unlocks in recent memory.

Out of its 100 billion total supply, 24.67 billion tokens entered circulation on day one. Of these, 10 billion were earmarked for the ecosystem team, 7.7 billion for Alt5 Sigma’s treasury operations, 2.8 billion for liquidity and marketing, and 4 billion for early investors.

The heavy allocation raised fears of immediate sell-offs by insiders, including Trump family members.

But while traders worry that any early moves by large holders could trigger cascading liquidations in futures markets, only 20% of the total supply is tradable at launch, while the remaining 80% remains locked under undisclosed schedules.

Trump family ties shape narrative

Once dismissed as a derivative of Aave, World Liberty Financial (WLFI) has evolved into what its backers call a DeFi “super app.”

The Trump family’s involvement has been central to this evolution.

Donald Trump Jr. described the token as “not just a meme coin” but the governance backbone of a financial ecosystem aimed at reshaping how money moves.

Eric Trump went further, calling the launch “a pivotal moment for the future of finance,” while the family’s network of allies and investors has included major figures from the Asian crypto scene and Middle Eastern sovereign wealth funds.

These political and capital alliances have elevated the WLFI token well beyond a typical DeFi protocol, ensuring it remains both a financial experiment and a political statement.

Stablecoin USD1 drives ecosystem

At the heart of World Liberty Financial’s expansion is its stablecoin, USD1.

Launched earlier this year, it has already been used in high-profile deals, including a $2 billion investment in Binance by Abu Dhabi’s sovereign fund.

With strong backing from major exchanges, USD1 has quickly achieved a $2 billion market cap, though critics note that much of its usage still relies on exchange-driven liquidity rather than real-world adoption.

The Trump family’s personal history of being “de-banked” after Donald Trump’s first presidential term has also shaped WLFI’s strategy.

By creating stablecoins, lending protocols and treasury assets outside of traditional finance, the family seeks not only new business opportunities but also a financial buffer against future political risks.

World Liberty Financial (WLFI) outlook remains cautious

WLFI’s first day on the market illustrated both the scale of its ambition and the volatility of its path.

Heavy derivatives trading and soaring valuations demonstrated strong speculative demand, but the massive WLFI token unlock dampened momentum and highlighted lingering concerns about concentrated ownership.

For now, key technical levels lie at $0.25 support and resistance at $0.30 and $0.35.

While most pointers warn that the path of least resistance remains downward if selling pressure accelerates, the political clout, global capital backing, and a growing stablecoin ecosystem could propel WFLI’s price higher.

The post World Liberty Financial (WLFI) lands on major exchanges on day 1, token unlocks dampen gains appeared first on CoinJournal.

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PEPE price outlook: $4.8M dump tests support, resistance near $0.00001 in focus

  • Whale offloaded 500B PEPE ($4.8M), briefly pulling price under $0.0000094.
  • PEPE outperformed peers, while meme coin market sank 3%.
  • Whale holdings on Ethereum up 1.46% over the past month.

The meme coin market took a jolt on Monday when a big PEPE holder dumped about $4.8 million worth of tokens, sending the price down.

Even with that sell-off, PEPE is still holding up better than most of the meme coin pack, a sign that investors haven’t lost faith in it just yet.

Market data shows that one big PEPE wallet moved 500 billion tokens, worth about $4.8 million over to Binance, signaling a major sell or reshuffle.

The same whale has been in a slump for weeks, down around $450,000 on earlier PEPE trades, and big moves like this often shake up liquidity and prices.

Right after the transfer, PEPE slipped about 1% on the day, falling from highs near $0.00000992 to around $0.00000938 before clawing back some ground.

It’s still stuck below the $0.00001 resistance line, but even so, it held up better than the broader meme coin market, which sank nearly 3% in the same stretch.

Even with the recent selling pressure, other big wallets have been quietly adding to their stacks. On-chain data shows whale holdings of PEPE on Ethereum are up about 1.46% over the past month.

The token now carries a market cap of roughly $4.1 billion, with more than 420 trillion tokens in circulation, cementing its spot among the leading meme coins by value.

PEPE’s price outlook

In the short term, PEPE’s price path looks choppy, with traders watching support near $0.0000074 and resistance around $0.0000098 to $0.00001.

Sentiment remains cautious: there’s some fear in the market, but not enough to trigger a full-scale sell-off. Many expect the token to drift sideways before any clear move higher.

Longer term, some analysts see scope for slow but steady gains as meme coins carve out a firmer place in the crypto market.

Forecasts point to PEPE potentially edging up toward $0.0000117 by the end of 2025, helped by community projects and continued retail interest in meme assets.

Crypto analysts warn that PEPE remains a high-risk, high-volatility asset, with large holders continuing to exert outsized influence on its price.

The latest whale selloff is a reminder of how quickly sentiment can turn in memecoin markets, where speculative trading and social buzz often drive short-term moves.

Even so, PEPE’s ability to hold up better than its peers after the September 1 sale points to steady underlying demand.

In the weeks ahead, the token’s trajectory will likely hinge on a mix of whale activity and broader adoption within the meme coin ecosystem.

Traders are expected to track major transfers and volume changes closely as potential signals of where the market heads next.

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