Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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What sparked the sudden crypto market surge?

  • Crypto market cap has rebounded above $4T after Fed rate-cut signals.
  • Bitcoin reserve proposals boost confidence in digital assets.
  • Ethereum and Chainlink lead altcoin rally with double-digit gains.

The cryptocurrency market has staged a remarkable rebound, with total market capitalisation climbing more than 5% in the past 24 hours to reclaim the $4.01 trillion level.

Ethereum (ETH) has emerged as the standout performer among the top ten digital assets by market cap, soaring by 13.12%.

Chainlink (LINK) has also drawn attention with a rise of 10.37%, showing strong investor appetite for altcoins as momentum builds across the sector.

Fed shift fuels optimism

One of the biggest drivers behind the surge came from comments by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

Powell signalled that economic conditions may justify an interest-rate cut in September, reversing the hawkish stance that had weighed on markets for months.

Traders quickly interpreted this as a dovish pivot, sparking renewed appetite for risk assets.

Bitcoin (BTC) surged from local lows of $111,658 to above $116,000 within minutes of Powell’s remarks, setting the tone for the broader crypto market.

Lower interest rates generally encourage investors to move capital into higher-yielding assets, and cryptocurrencies are often prime beneficiaries of such flows.

The dollar weakened on Powell’s comments, adding to bullish sentiment across digital markets.

This macro backdrop provided the ideal setup for both Bitcoin and altcoins to rally in tandem, lifting total market capitalisation firmly back into the $4 trillion range.

Bitcoin reserves narrative builds

Another key factor has been the growing momentum around the idea of governments holding Bitcoin as a strategic reserve.

Most recently, the Philippines has introduced a bill to create a Bitcoin reserve, following similar proposals in the United States.

This development reinforced the narrative of Bitcoin’s institutional role in global finance and gave investors another reason to build exposure.

Market observers note that such proposals carry symbolic weight, even before they become policy.

They demonstrate that Bitcoin is increasingly being viewed not just as a speculative asset but as part of a broader macroeconomic conversation.

This narrative helped underpin the recovery in Bitcoin’s price while supporting the rally in altcoins tied to sovereign and institutional themes.

Altcoins take the spotlight

While Bitcoin’s rebound grabbed headlines, much of the excitement has come from the altcoin space.

The Altcoin Season Index has climbed sharply, reflecting a rotation of capital from Bitcoin into higher-beta assets.

ETH has broken through key resistance levels, while the likes of LINK have posted impressive gains.

Solana (SOL) and Binance Coin (BNB) have also posted strong gains, with traders positioning for extended rallies if momentum continues.

This rotation indicates a willingness among investors to take on more risk, a trend often seen during bullish phases of the market.

Although derivatives open interest has fallen, suggesting cautious leverage, spot buying has remained robust.

The move into altcoins highlights growing confidence that the rally is not confined to Bitcoin alone but is part of a broader recovery story.

Crypto market outlook

The sharp recovery in the crypto market underscores how sensitive digital assets remain to global economic cues.

Powell’s dovish shift, coupled with rising momentum behind Bitcoin’s reserve narrative, created the perfect storm for a swift surge.

The alignment with equity markets, particularly the Nasdaq-100, further amplified the move, as correlations between crypto and traditional risk assets strengthened.

For now, the return of the market cap above $4 trillion offers a strong signal of resilience. With altcoins leading gains, investors are watching closely to see whether the rally extends or faces resistance at higher levels.

However, much will depend on whether the Fed follows through with an actual rate cut in September and whether the Bitcoin reserve debate gains traction in the coming weeks.

The post What sparked the sudden crypto market surge? appeared first on CoinJournal.

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TON gains momentum with $780 million treasury and Ledger staking integration

  • Verb holds $713 million in Toncoin and $67 million in cash reserves.
  • Ledger Live integration allows TON staking from just 10 tokens.
  • TON Sharpe ratio turned positive in August, indicating momentum.

The Open Network (TON) has seen a surge in institutional and retail interest, marked by a series of developments that could strengthen its position in the cryptocurrency market.

A new $780 million treasury declaration by Verb Technology Company, an expanded staking service via Ledger Live, and improving on-chain indicators are creating conditions that some analysts suggest may fuel the blockchain’s next major growth phase.

These events follow an earlier $558 million private placement and Telegram’s exclusive adoption of TON for its applications, highlighting the scale of resources and demand converging around the network.

Verb Technology shifts strategy with $780 million treasury

Verb Technology Company announced treasury assets exceeding $780 million, which include $713 million in Toncoin and $67 million in cash.

The company, soon to be renamed Ton Strategy Company, became the first publicly traded entity to use Toncoin as its primary treasury reserve asset.

The disclosure came just days after the firm’s $558 million private placement earlier this month, supported by more than 110 institutional and crypto-native investors. Most of the proceeds were directed into Toncoin purchases.

Verb has also stated it aims to accumulate over 5% of TON’s circulating supply while steadily increasing Toncoin per share through reinvested cash flows, staking rewards, and treasury management.

Ledger Live expands access to TON staking

In parallel, staking service provider P2P.org revealed the launch of native TON staking within Ledger Live.

This development makes staking accessible to millions of Ledger hardware wallet users, providing secure and non-custodial participation in the network.

The validator-led solution marks the first of its kind inside Ledger Live. It lowers the minimum entry requirement to 10 TON, a significant reduction from the native 300,000 TON threshold.

Users benefit from institutional-grade security standards after audits by Quantstamp and Trail of Bits.

The integration also enables staking or unstaking with activation and withdrawal times as short as 36 hours, while returns are currently tracking around 4.7% annually.

On-chain indicators reflect strengthening market position

Data from CryptoQuant shows TON’s Sharpe ratio flipped from negative to positive in August, signalling an improvement in risk-adjusted returns.

This is historically seen as a measure of sustained momentum.

Alongside this, metrics such as daily active addresses are showing growth, adding to the perception of building traction across the network.

Crypto analyst Crash posted on X that TON could be the driver of the next wave of crypto wealth, stating, “The next fresh class of crypto millionaires will be made on TON. Not Solana or Ethereum.”

Telegram integration boosts TON’s mainstream use

Beyond financial and technical growth, Telegram has integrated TON as the exclusive blockchain for Mini Apps, wallets, and payments across its platform, which has more than one billion users worldwide.

This step provides TON with exposure unmatched by most other layer-1 blockchains, anchoring it firmly in the mainstream digital ecosystem.

The combination of a substantial treasury base, broader retail staking access, and integration into one of the world’s largest messaging platforms positions TON for sustained expansion.

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Verb Technology confirms $713M TON stake after $558M private placement

  • Its treasury has surpassed $780M, comprising $713M in Toncoin and cash worth $67M.
  • The milestone comes after a $558M private placement completed early this month.
  • Verb aims to accumulate 5% of Toncoin’s circulating supply.

Institutional players dominate market trends with dib-buying activities after the current broad market decline.

NASDAQ-listed Verb Technology, which will soon rebrand to Ton Strategy Company, has revealed a key milestone that aligns its vision with the Telegram-based blockchain.

The livestreaming firm has disclosed that its treasury assets have surpassed $780 million, with the Open Network’s native token accounting for the most at $713 million.

It holds the remaining $67 million in cash.

The development has attracted attention as it follows Verb’s $558 million private placement early this month.

The fundraising drew crypto-oriented investors and over 110 institutions, confirming trust in Verb’s digital asset strategy and the Toncoin project.

Commenting on the milestone, Verb’s Executive Chairman Manuel Stotz stated:

Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON. This is more than building a balance sheet; it’s about contributing to the security of TON blockchain – where participants can build, transact, and benefit directly from the underlying financial protocols.

Verb eyes 5% of Toncoin’s supply

Verb Technology plans to be the central player in the Open Network ecosystem.

It plans to acquire over 5% of Toncoin’s circulating supply (currently at 2.56 billion tokens).

That would make Verb a top participant in securing the TON blockchain.

Moreover, the company plans to add its Toncoin balance on a per-share basis over time, leveraging staking rewards, disciplined market activity, and cash flow reinvestment.

That would ensure Verb’s active participation in supporting the platform’s infrastructure while benefiting from maximized returns.

Stotz added:

By becoming the first and largest publicly traded treasury reserve of TON, VERN is not just holding TON on its balance sheet – we are helping to strengthen the economic foundation of the network itself.

TON and potential

Verb Technology isn’t zeroing in on a random digital asset.

Toncoin remains the first coin to receive support from a leading social site.

Dogecoin appears to have failed in its fight to become X’s (formerly Twitter) payment token.

Telegram, the leading messaging platform with around 1 billion active users per month, collaborated with the Ton Foundation to make Toncoin the sole asset powering its ecosystem.

The integration enriched the alt’s utility, now the backbone for payments, wallets, and emerging decentralized applications (dApps) within Telegram.

The use cases likely elevated TON’s institutional appeal.

Recently, Coinbase Ventures endorsed Toncoin as the ideal token for fueling cryptocurrency adoption.

Toncoin price action

The alt trades at $3.30, reflecting the prevailing broad market declines.

Meanwhile, the minor 0.71% price increase signals a possible momentum shift as the community digests Verb’s updates.

Toncoin Price Chart on Coinmarketcap

TON could see brief gains in the near term, but the broad market outlook suggests short-lived gains.

Nonetheless, institutional interest positions Toncoin for impressive growth and price performance in the coming months and years.

The post Verb Technology confirms $713M TON stake after $558M private placement appeared first on CoinJournal.

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Kanye West’s “Yeezy Money” crypto crashes 61% despite $3B hype

  • Yeezy Money (YZY) hit $3B market cap before crashing over 60% in hours.
  • Top wallets hold nearly 90% of the supply, sparking rug-pull fears.
  • Insider trades flipped $450K into $1.5M within launch day.

Kanye West’s bold entry into the world of digital assets has taken a dramatic turn.

His Solana-based crypto, Yeezy Money (YZY), launched with fanfare and hype that briefly pushed its market capitalisation to $3 billion.

However, within hours, the YZY coin’s value collapsed, leaving investors staring at losses of more than 60%.

The launch of Yeezy Money was marked by a mix of celebrity power, technical intrigue, and immediate controversy.

Kanye West, who has rebranded himself as Ye, used his official account to promote the token with a short clip claiming “The official Yeezy token just dropped.”

But what followed was one of the most volatile trading debuts in recent memory.

From $3 billion peak to freefall

Moments after launch, the YZY token surged to more than $3 billion in market capitalisation.

At one point, it was trading above $3 per token, sparking a frenzy across Solana-based exchanges.

The hype attracted big names in the crypto space. Arthur Hayes, co-founder of BitMEX, publicly admitted buying into YZY, at first joking that he hoped West would not “rug” him.

Hours later, as prices tumbled, Hayes conceded that he had made a mistake, writing that he should not have traded “shitters” like YZY.

Other traders, including leverage specialist James Wynn, also took positions, highlighting how even seasoned market participants can get swept up in celebrity-driven frenzies.

The YZY token rally was very short-lived. Within three hours, the token shed more than 65% of its value, tumbling below $1.20.

By Thursday evening, the coin had fallen even further. CoinMarketCap showed it trading around $0.99, down 61% in a single day.

YZY MONEY price chart

The crash left its market capitalisation hovering near $298 million, a fraction of the peak it had touched just hours earlier.

The heavy trading volume told its own story. In the first 24 hours, YZY recorded nearly $1 billion in trades, with volume surging by more than 37,000%.

For many traders, the swings underscored the risks of a token built more on celebrity hype than demonstrable utility.

Insider wallets raise alarms

On-chain analysis quickly highlighted troubling patterns. On-chain data reveals that the top six wallets controlled close to 90% of the total supply.

In fact, one multisignature wallet alone accounted for 87% before distribution. Such concentration has left critics warning of a textbook “rug pull” scenario.

LookOnChain, a blockchain analytics firm, flagged several wallets that appeared to have privileged access to the token before the public.

One insider spent about $450,000 in USDC to secure 1.29 million YZY at a low entry price, only to flip the holdings for more than $1.5 million within hours.

For retail traders who entered later, the story was very different, with some losing hundreds of thousands of dollars after buying into the wrong contracts or chasing inflated prices.

Kanye’s shifting stance on crypto

The YZY launch has drawn attention because of Kanye West’s previous comments on digital currencies.

Earlier this year, Kanye dismissed memecoins as scams that exploit fans through hype.

He even claimed that he turned down a $2 million offer to promote a fake cryptocurrency, warning at the time that such schemes “scam the public out of tens of millions of dollars.”

Kanye’s decision to front Yeezy Money, therefore, came as a surprise.

The official website pitched it as the foundation of a new financial ecosystem, complete with Ye Pay, a payment processor meant to undercut traditional card networks, and the YZY Card, a tool for spending in both crypto and fiat.

The platform claimed to be “a new economy, built on chain,” though many observers noted that no working products accompanied the promises.

Despite the turbulence, Yeezy Money has carved out a cultural moment.

Like Donald Trump’s NFT collections or Iggy Azalea’s token launches, West’s venture into crypto underscores the growing crossover between pop culture and digital finance.

Solana itself even saw a boost, rising more than 2% as investors chased the hype.

The post Kanye West’s “Yeezy Money” crypto crashes 61% despite $3B hype appeared first on CoinJournal.

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Coinbase to list World Liberty’s USD1 stablecoin

  • World Liberty Financial (WLFI) minted $205M USD1, lifting supply to $2.4B after Waller’s speech.
  • Coinbase has added USD1 to its roadmap, signalling a possible full listing.
  • USD1 adoption is growing steadily, with Abu Dhabi backing and Binance settlements.

World Liberty Financial has minted $205 million worth of its USD1 stablecoin shortly after a speech by Federal Reserve Governor Christopher Waller that praised the role of dollar-backed digital assets.

The move lifted USD1’s supply to a record $2.4 billion, cementing its place as the world’s sixth-largest stablecoin by market capitalisation.

Waller’s speech sparks fresh momentum

Waller’s remarks at a Wyoming blockchain conference marked one of the strongest endorsements of stablecoins from a sitting Fed governor.

He said the tokens could extend the dollar’s influence globally and improve both retail and cross-border payments.

Waller’s comments, combined with the recent passage of the GENIUS Act, are being seen as a turning point in US policy toward stablecoins.

Hours after the speech, World Liberty Financial announced the $205 million mint, underscoring how closely the project is tying its growth to regulatory signals.

The new mint added more than 9% to USD1’s total supply and propelled the Trump-backed venture to new financial heights.

Coinbase adds USD1 to its listing “roadmap”

The mint of $205 million worth of USD1 stablecoins came just as Coinbase added USD1 to its official “roadmap,” a precursor to a full listing on one of the world’s largest cryptocurrency exchanges.

While Coinbase has not yet confirmed a launch date, it said the final step would depend on sufficient liquidity support and technical readiness.

Eric Trump, who is part of the leadership team at World Liberty Financial, has already announced the expected listing, describing it as a sign of trust and validation for the stablecoin.

For the project, gaining access to Coinbase’s vast user base could be the single most important development in accelerating mainstream adoption.

Big money backs USD1

Since its launch in April, the USD1 stablecoin has attracted heavyweight backers.

A $30 million investment came from blockchain entrepreneur Justin Sun, while an Abu Dhabi-linked fund contributed $2 billion to help close a major deal with Binance.

The scale of these commitments has helped USD1 rise faster than almost any other stablecoin, giving it a strong foothold in an increasingly crowded sector.

World Liberty’s treasury holdings have also reached record highs, with nearly $550 million in assets.

A significant share of this sits in USD1 itself, while other positions include Aave’s USDT instruments and more than 19,000 ether.

World Liberty Treasury holdings

The Trump family venture has also been steadily accumulating Ethereum (ETH), signalling its ambition to establish deep roots in decentralised finance.

Incentives drive USD1 stablecoin adoption

World Liberty Financial is also pushing adoption through direct incentives.

Earlier this year, it airdropped USD1 to early supporters and has since launched a points program to reward users for holding, trading, and staking the stablecoin.

Plans are in place to expand these rewards to DeFi protocols and through a mobile app, creating a loyalty framework uncommon in the stablecoin market.

Such strategies have already translated into tangible utility. USD1 has been used in the settlement of a $2 billion investment in Binance and in proceeds from Bullish Exchange’s IPO.

These transactions highlight how the token is moving beyond theory into real-world institutional use.

With Coinbase preparing to open its doors, World Liberty Financial is positioned to push the USD1 stablecoin into the mainstream.

Backed by billions in institutional money, supported by regulatory momentum, and marketed with political clout, the stablecoin is emerging as one of the most closely watched experiments in the digital asset space.

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