Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

Veröffentlicht am

POL price rises as Polygon USDC transfers surge amid its returns to the US

  • Polygon (POL) price jumps as Polymarket returns to the US.
  • USDC micro-transfers on Polygon are up 141%.
  • Polygon is expanding its stablecoin and real-world asset ecosystem.

Polygon’s native token, POL, is showing fresh signs of life as the network sees a major resurgence in activity. The token has risen 7% over the past week and by 14% over the past two weeks.

This resurgence reflects a larger shift within the Polygon (POL) ecosystem as it positions itself at the forefront of real-world blockchain use cases.

With a strategic focus on stablecoin payments and institutional engagement, Polygon’s resurgence could mark the beginning of a new growth cycle.

Polymarket has secured a US return through QCEX acquisition

Polygon-linked prediction market Polymarket has reentered the US market by acquiring QCEX, a licensed derivatives exchange, in a $112 million deal.

This acquisition follows the closure of regulatory investigations by the Commodity Futures Trading Commission (CFTC) and the US Department of Justice, clearing the way for Polymarket to resume operations on American soil.

Following news of Polygon-backed Polymarket’s legal return to the United States on July 21, the price of POL surged by 10%, reaching a high of $0.2630.

Notably, Polymarket’s US comeback is a critical development. It not only restores access to the world’s largest financial market but also signals broader regulatory acceptance of decentralised prediction platforms.

With regulatory hurdles now behind it, Polymarket is set to become a major player in the burgeoning space of on-chain prediction markets.

Founder and CEO Shayne Coplan emphasised that the platform’s return aims to bring compliant crypto predictions back to American users, a move expected to increase demand for Polygon’s infrastructure and token, especially as transaction volumes climb.

USDC transfers on Polygon skyrocket

While Polymarket’s regulatory breakthrough has drawn headlines, the surge in stablecoin activity on Polygon is equally noteworthy.

According to recent data, small USDC transfers on Polygon (transactions under $1,000 have soared by 141% since the beginning of the year.

According to data compiled by Peter Liem, an analyst at Polygon Labs, the network now handles more of these micro-payments than Solana, reflecting its growing role in the global stablecoin economy.

According to a recent report by Polygon, the total stablecoin supply on Polygon has crossed $2.8B.

Rising transaction fees on rival networks like Tron have driven users to seek alternatives, and Polygon has emerged as a top choice.

While Tron still dominates in overall stablecoin volume, according to a recent report, its fees have more than doubled, making it less viable for everyday payments.

In contrast, USDC transfers on Polygon cost only a fraction of a cent, offering a compelling advantage for users in developing economies.

In countries like Argentina and Brazil, where inflation has devalued local currencies, the low-cost, high-speed nature of Polygon has made it the preferred blockchain for stablecoin use.

These countries now account for a large share of the $562 million in USDC micro-transfers processed on Polygon in June alone.

Polygon is positioning itself for real-world utility

Beyond payments and predictions, Polygon is continuing to enhance its technical foundation.

The network’s Heimdall v2 upgrade, recently rolled out, aims to improve stability and reduce blockchain reorganisations.

Meanwhile, new infrastructure such as the Katana chain is designed to increase bandwidth for high-volume applications like decentralised finance and digital payments.

Polygon Labs is also building an ecosystem tailored for real-world assets (RWAs), including tokenised government bonds and stablecoins.

A dedicated 14-person team has been deployed to scale these efforts, reflecting the network’s commitment to driving adoption beyond speculation.

These moves align with the broader industry trend of integrating blockchain into traditional financial systems.

Financial institutions such as JPMorgan, Citigroup, and Bank of America are reportedly preparing to include stablecoins in their products.

With USDC gaining ground globally and Polygon proving itself in micro-payments, the chain is poised to capture institutional interest alongside retail growth.

Polygon (POL) price set to rise on investor optimism

In response to these developments, the Polygon (POL) token has attracted bullish sentiment from traders.

Its price has steadily climbed over the past week, mirroring rising trading volume and renewed market attention.

Although POL remains far below its all-time high of $1.29 set in March 2024, current activity suggests that investor confidence is returning.

Eyes are now on whether Polygon (POL) can sustain this momentum, with a target at the $0.50 to $0.80 range in the coming months if adoption trends continue and the broader crypto market remains stable.

The post POL price rises as Polygon USDC transfers surge amid its returns to the US appeared first on CoinJournal.

Veröffentlicht am

Analysis: Tapiero ups crypto forecast to $50T; Compass Point downgrades Circle on valuation

  • Investor Dan Tapiero merges his firms into a new brand, “50T,” reflecting a $50 trillion crypto market forecast.
  • Tapiero says the crypto ecosystem is already at $5T, “far exceeding” his initial 10-year, $10T thesis from 2020.
  • Circle (CRCL) stock fell up to 8% after Compass Point downgraded it to “Sell,” citing valuation and competition.

Prominent digital asset investor Dan Tapiero is making a bold statement about the future of the crypto economy, merging his private equity firms 10T Holdings and 1RoundTable Partners under a new, ambitious brand: 50T.

This rebranding reflects his forecast that the digital asset ecosystem will explode in value to reach an astonishing $50 trillion within the next decade.

The announcement comes alongside the launch of a new $500 million fund and as one of the firm’s successful portfolio companies, Circle, faces new scrutiny from Wall Street after its recent meteoric stock market debut.

A natural evolution: from a $10 trillion to a $50 trillion thesis

The creation of the 50T brand is more than just a name change; it represents a significant upward revision of Tapiero’s long-term market outlook.

“50T is a natural evolution from our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years,” Tapiero explained in a Tuesday press release.

He noted that the market has far outpaced his initial projections. “Today, we estimate that we’re already at $5 trillion, far exceeding our initial timeline, which is why we’re adjusting our outlook upward,” he said.

Tapiero pointed to recent successes in the industry, such as the blockbuster IPO of stablecoin issuer Circle and the acquisition of crypto derivatives exchange Deribit by Coinbase, as clear evidence of the sector’s growing maturity.

“Recent successes like the Circle IPO and Deribit acquisition demonstrate the maturity of this sector and validate our investment thesis that all value will eventually move on-chain,” he stated.

Funds under what is now 50T were early investors in Circle, Deribit, and the digital trading platform eToro, which also recently went public.

The press release added that other portfolio companies are also gearing up to go public.

Coinciding with the rebrand, 50T is also launching a new $500 million growth equity fund, aptly named the 50T Fund.

It is a closed-end fund with a ten-year investment horizon, specifically designed to back later-stage companies that are building out the core infrastructure for blockchain and Web3.

The fund is planning its first close in the fourth quarter of 2025.

A reality check for circle: analyst downgrade hits surging stock

While 50T celebrated Circle’s IPO as a sign of market maturity, the stablecoin issuer’s stock (CRCL) faced a dose of Wall Street reality.

Shares of Circle, the public issuer of the USDC stablecoin, shrank by as much as 8% on July 22 after investment firm Compass Point downgraded the stock from “Hold” to “Sell.”

The downgrade was driven by valuation concerns and the prospect of increased competition in the digital asset market. At the time of the report, CRCL was trading at $199.24, down 7.80% for the day.

Compass Point also slashed its price target on Circle to $130, down from a previous target of $205, suggesting a significant pullback could be in the cards after the company’s spectacular post-IPO run. Since its launch on June 5, Circle’s stock has surged over 500%.

This incredible growth has been fueled by an energized market environment, partly spawned by the introduction of the GENIUS Act.

This legislation, signed into law by President Donald Trump, created a much more transparent regulatory framework for fiat-backed digital assets, legitimizing stablecoins and giving investors ample reason to be optimistic.

However, Compass Point analyst Ed Engel cautioned that this rally may be unwarranted. “Crypto investors often ‘sell the news’ following major legislative wins,” said Engel, as reported by TheStreet.

He added that CRCL has experienced such a dramatic run-up that a significant backtrack is possible. He also commented on the “inevitable margin pressure” that Circle will face from increased revenue-sharing payments to its distribution partners, as well as the incoming competition from traditional banks and fintech companies that are now establishing their own stablecoins.

Circle’s revenue is primarily derived from the interest earned on its short-term Treasury holdings that back the USDC stablecoin.

Analysts are also mindful that potential changes in the returns on these Treasuries, resulting from shifts in the Federal Reserve’s monetary policy, could impact the company’s bottom line.

The post Analysis: Tapiero ups crypto forecast to $50T; Compass Point downgrades Circle on valuation appeared first on CoinJournal.

Veröffentlicht am

Pump.fun’s PUMP token drops below presale price, whales dump $160M to exchanges

  • Pump.fun token has dropped 43% from ATH and risks deeper fall to $0.0024.
  • Airdrop delays are likely the key causes of the price drop.
  • Whales have moved their holding to centralised exchanges, causing sell-off fears.

Pump.fun’s PUMP token has plunged below its highly publicised presale price, sparking concerns of a broader sell-off and sending ripples across the memecoin market.

The steep drop comes just days after the project raised hundreds of millions in minutes, only to face heavy sell pressure and waning community confidence.

The token initially surged after its debut but has since lost momentum.

The early excitement has given way to anxiety, as large investors begin offloading their holdings en masse.

Whales offload $160 million worth of PUMP tokens

Two major wallets identified as early private sale participants have collectively moved over $160 million in PUMP tokens to centralised exchanges.

This large-scale movement, flagged by blockchain analytics firm Lookonchain, has intensified fears of an extended price correction.

The first wallet, labelled “PUMP Top Fund 1,” purchased 25 billion tokens for $100 million in USDC during the private sale.

Over the past week, it has sent 17 billion tokens worth nearly $90 million to exchanges, although it still holds a position worth roughly $29.5 million.

The second whale, tagged as “PUMP Top Fund 2,” acquired 12.5 billion tokens for $50 million and has now completely exited, transferring the full amount — then valued at over $71 million — to exchange wallets.

Pump.fun token has slipped below ICO price

After an initial post-ICO rally that saw the token rise by 72%, PUMP is now trading well below its launch price.

At the time of writing, the token was hovering near $0.003789, marking a 9.2% drop from its ICO price of $0.004 and a staggering 81.45% fall from its all-time high of $0.006888.

Technical indicators suggest the asset may fall even further, with $0.003639 acting as the next key support level, which aligns with previous accumulation zones.

Failure to hold above this support could trigger an even deeper selloff.

Pump token price

Notably, the token’s recent inability to reclaim the $0.004 resistance zone has confirmed a bearish setup.

The steep drop has been accompanied by declining buyback volumes from Pump.fun, with on-chain data showing just $125,000 in buybacks on Sunday, down from nearly $19 million on launch day.

Broader memecoin market has cooled off

While PUMP’s troubles are significant on their own, they also reflect a broader shift in sentiment across the memecoin sector.

On July 21, the total memecoin market cap peaked at $87 billion, up from $55 billion just weeks prior.

However, that was followed by a sharp pullback to $81 billion today.

Despite a partial recovery to around $82 billion, the volatility may signal capital rotation or a potential cooling of the recent memecoin frenzy.

The post Pump.fun’s PUMP token drops below presale price, whales dump $160M to exchanges appeared first on CoinJournal.

Veröffentlicht am

Bitcoin ETF outflows hit $131 million as Ethereum funds add $297 million

  • Bitcoin ETFs saw $131 million in outflows, ending a 12-day inflow streak.
  • Ethereum ETFs gained $297 million, driven by staking yield and regulatory momentum.
  • Portfolio rotation signals growing institutional preference for Ethereum over Bitcoin.

Bitcoin spot exchange-traded funds (ETFs) saw net outflows of $131.35 million on 21 July, marking the end of a 12-day inflow streak and highlighting a shift in investor appetite.

On the same day, Ethereum ETFs attracted $296.59 million in net inflows, extending their own 12-day run and underscoring a broader rebalancing trend in crypto portfolios.

This divergence in flows between the two largest cryptocurrencies comes amid growing institutional interest in Ethereum products, bolstered by evolving regulation and staking-related yield opportunities.

Meanwhile, Bitcoin’s recent price consolidation has prompted profit-taking and portfolio adjustments by funds nearing quarter-end reporting cycles.

Bitcoin ETF holdings fall as inflow streak halts

Following robust gains earlier this month, Bitcoin ETFs began to experience investor outflows for the first time since early July.

Data from SoSoValue showed a net outflow of $131.35 million on 21 July, ending a sustained period of $6.6 billion in cumulative net inflows.

Despite strong trading activity—$4.1 billion in daily volume—major ETFs like BlackRock’s IBIT and Fidelity’s FBTC either posted flat flows or registered minor losses.

IBIT, the largest in the segment with a net asset value (NAV) of $86.16 billion, recorded no new net inflows.

Ark Invest’s ARKB and Grayscale’s GBTC were more impacted, seeing outflows of $77.46 million and $36.75 million, respectively.

The combined assets across all US Bitcoin spot ETFs now stand at $151.6 billion, which accounts for 6.52% of Bitcoin’s total market capitalisation.

The recent downturn suggests that some institutions may be rebalancing holdings or diversifying into other crypto assets.

Ethereum ETF net assets rise to $19.6 billion

In contrast to Bitcoin, Ethereum ETFs recorded their twelfth consecutive day of net inflows on 21 July, led by heavy activity in newly launched and established funds alike.

BlackRock’s ETHA pulled in $101.98 million, while Fidelity’s FETH attracted $126.93 million.

FETH’s NAV has now reached $2.08 billion, while ETHA has posted more than $8.16 billion in total cumulative inflows.

Grayscale’s Ethereum funds saw mixed results.

While one recorded a small outflow, the other posted an inflow of $54.90 million. VanEck and Franklin Templeton also reported new capital entering their Ethereum-based products.

Combined, all Ethereum ETFs now manage $19.6 billion in net assets, representing 4.32% of Ethereum’s total market cap.

Daily trading volumes across ETH ETFs stood at $3.21 billion.

Staked Ether and pending legislation boost ETH demand

Several market analysts attribute Ethereum’s continued inflow momentum to the inclusion of staked Ether in ETF offerings, a feature not available in Bitcoin products.

This allows investors to earn yield while gaining exposure to price action, a model that appears to be resonating with institutional asset managers.

Momentum surrounding the GENIUS and CLARITY Acts in the US Congress has helped bolster Ethereum’s regulatory narrative.

The proposed laws, which are advancing toward a final vote, could enable traditional financial institutions to integrate Ethereum-backed products more easily, supporting their inclusion in diversified portfolios.

The combination of staking yield, regulatory clarity, and consistent inflows has shifted market sentiment in favour of Ethereum—at least in the short term.

The widening gap in ETF flows also reflects a growing divergence in how investors view the strategic role of each asset.

Portfolio rotation points to broader crypto strategy shift

The difference in ETF flows may signal the start of a new allocation trend within institutional crypto investment.

With Bitcoin ETFs showing signs of saturation after their recent rally, and Ethereum ETFs offering yield through staking, portfolio managers appear to be rotating capital based on utility, structure, and evolving regulation.

This shift comes at a time when both asset classes remain under close watch from US regulators and global financial markets.

While short-term fluctuations are common, the data from 21 July suggest that Ethereum is becoming more than just a secondary crypto asset—it is emerging as a standalone category within institutional investment strategies.

The post Bitcoin ETF outflows hit $131 million as Ethereum funds add $297 million appeared first on CoinJournal.

Veröffentlicht am

JUP price surges as Jupiter allocates $150M USDC to JLP Loans

  • Jupiter price was up by nearly double digits in 24 hours as it reached $0.67.
  • Gains came as Jupiter allocated $150 million USDC to its lending offering.
  • “JLP Loans bring a new and innovative approach to DeFi lending, unlocking a new use case for JLP,” the DEX protocol said as it unveiled the lending feature.

Jupiter (JUP) price has jumped by 9% in the past 24 hours, with trading volume nearly tripling as it jumped 258% to over $322 million.

JUP’s price swung around $0.64 at the time of writing, up 33% in the past week and just off the intraday highs of $0.67.

But with Jupiter Exchange, Solana’s top decentralised exchange aggregator, experiencing significant growth, is the native JUP token poised to break through to the key level of $1?

Jupiter adds $150 million USDC to JLP Loans

On July 22, the Jupiter team revealed that it had acted on community demand by allocating $150 million in USDC reserves to support the Jupiter Liquidity Provider feature.

The funds go to JLP Loans, allowing users to deposit their JLP tokens as collateral to borrow USDC.

Increased interest amid overall market exuberance has helped JUP’s price higher.

 

“Most protocols rely on forced liquidations through market selling. Once the threshold is crossed, your collateral is sold on the market, creating volatility and affecting everyone involved. But because JLP is backed by a pool of assets rather than a single token, and the protocol itself holds these underlying assets, liquidations don’t require external selling,” the DEX noted.

Market participants have responded positively to Jupiter’s strategic positioning within the lending sector.

With trading, liquidity provision, and lending integrated, the project is positioned as a critical player in the ecosystem.

This has seen the total value locked on Jupiter surge to hit $3 billion. TVL stood at around $2.1 billion on June 22, 2025.

JUP price forecast: Bulls target key level

The Jupiter token has bounced nicely since hitting lows of $0.30 in April 2025.

According to CoinMarketCap, the rebound reflects a 110% uptick at current price levels, despite bulls remaining well off the peak of $2.04 seen in January 2024.

However, technical indicators suggest a strong bullish sentiment surrounds the  JUP token – largely as most altcoins post gains.

In this case, a break above $0.70 could allow buyers to target $0.85 and then the psychological barrier at $1.

Jupiter’s latest bullish flip is down to key positive metrics such as strong Q2 results and new product launches.

This includes unveiling of Jupiter Lend and overall optimism across DeFi.

Notably, Jupiter has seen $142 billion in transaction volume, $82.4 million in fees, and over 8 million active wallets.

Market dynamics that have Ethereum eyeing $4k, Solana targeting a fresh breakout to $300 and XRP poised near its ATH also align bullish for JUP.

The post JUP price surges as Jupiter allocates $150M USDC to JLP Loans appeared first on CoinJournal.