Kategorie: Crypto News

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Horizen (ZEN) gains 12% to break above $7

  • Horizen price is up 12% in 24 hours as bulls break above $7 again.
  • ZEN’s price surge today reflects its strategic advancements and growing relevance in privacy-focused DeFi.
  • While the outlook is cautiously optimistic, investors should remain vigilant of market volatility and regulatory developments.

Horizen (ZEN) has seen a notable price increase today, with double-digit gains allowing buyers to bounce to a key level.

Attention from investors continues to drive a bullish outlook amid a surge that comes as privacy-focused decentralized finance solutions gain traction.

Why is Horizen’s price up today?

Horizen’s ZEN token traded near $7.08 at the time of writing, up about 12% over the past 24 hours amid gains for Zcash and other altcoins.

Gains mirror the broader crypto market uptick on Monday after Bitcoin bounced off lows below $110k seen last week.

As risk assets ticked higher, BTC’s move to above $112k allowed coins such as Horizen to rebound. ZEN mirrored gains for Zcash price.

For ZEN, privacy coins’ resurgence and network developments are key catalysts.

The recent launch of ZENDEX, a privacy-first decentralized exchange (DEX) built on Horizen’s blockchain, has bolstered investor confidence, contributing to the latest price increase.

ZENDEX which introduces new use cases for Horizen’s privacy technology, has positioned Horizen as a competitive player in the DeFi space.

Positive community sentiment following Horizen’s migration to Base also persists, with ZEC’s rally likely to mark a similar trajectory for ZEN.

What next for Horizen’s price?

Analysts are optimistic about ZEN’s potential, driven by its unique protocol architecture.

By enabling privacy and blockchain interoperability access to users, the platform has attracted notable interest.

Network metrics such as active addresses and user count have swelled as has price amid hype around Horizen 2.0.

ZENDEX gives Horizen an industry-leading advantage in the blockchain space.

“ZENDEX will leverage Horizen (ZEN) technology to deliver performance and privacy levels that position it as a top DEX tech product available today,” the platform posted on X.

Key aspects include Cross-Chain Transfer Protocol for private and trustless asset transfers and zero-knowledge-secured bridges to Ethereum and Polygon for deep liquidity access.

High throughput with sub-second finality puts ZENDEX at DeFi’s forefront, boosting Horizen and ZEN.

While broader market dynamics and regulatory scrutiny in the privacy coin sector remain a challenge, the prevailing outlook for ZEN is bullish.

Technical indicators, such as the MACD show a positive momentum amid a potential bullish crossover.

The daily RSI is also upslopping as it recovers from the oversold territory to suggest directional bias for bulls.

With Thrive Horizen-funded projects on the roll, adoption may aid ZEN price.

 

The post Horizen (ZEN) gains 12% to break above $7 appeared first on CoinJournal.

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Ethereum price prediction: ETH eyes $4,400 amid market recovery

Key takeaways

  • ETH is trading above $4,100 after adding 2% to its value.
  • The second-largest crypto by market cap could rally towards the $4,400 resistance level soon.

Ether recovers above $4k

The cryptocurrency market is having a positive start to the week following a bearish weekend. Bitcoin, the leading crypto by market cap, is heading towards the $112k mark, while Ether has reclaimed the $4k psychological level.

Ether added nearly 2.5% to its value in the last 24 hours, with the $3,800 support level holding despite the PCE data release. The positive performance over the last 24 hours resulted in over $75 million worth of short positions being liquidated in the market within 60 minutes. 

Traders are now looking out for signs of a breakout to ensure that the market recovery is back and in full swing. Ether is down by 17% from the all-time high of $4,953 it set a month ago. 

Ethereum could extend its recovery as bullish momentum returns

The ETH/USD 4-hour chart is bearish and efficient despite the coin performing well over the last 24 hours. However, the coin could soon flip bullish as the bearish momentum slowly fades.

ETH failed to find support around the daily level at $4,232 on Tuesday, losing 7.36% of its value afterwards, and dropping to the $3,800 support level on Thursday. ETH also retested the support around the 100-day EMA at $3,863 on Friday before recovering on Sunday. 

ETH/USD 4H Chart

At press time, ETH is now trading at $4,100 per coin. With the RS at 54, it indicates that the bullish momentum is returning. The MACD lines are also within the positive territory. If ETH continues its recovery and surges past the $4,232 resistance level, it could extend its rally towards the major daily resistance and TLQ level at $4,488.

However, if the bulls fail to gain momentum, the market could resume its downward trend, and ETH could retest the 100-day EMA at $3,863.

The post Ethereum price prediction: ETH eyes $4,400 amid market recovery appeared first on CoinJournal.

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Trump affiliated World Liberty Financial executes $1.43M token burn amid WLFI market volatility

  • WLFI burns 7.89M tokens ($1.43M) following $1.06M buyback to reduce circulating supply.
  • 99% of WLFI holders approved burn plan; program excludes community liquidity pools.
  • Trump family controls $5B in WLFI; token trades at $0.2049 after recent market volatility.

World Liberty Financial (WLFI), a decentralized finance (DeFi) project affiliated with US President Donald Trump, has executed a significant token burn, removing 7.89 million WLFI tokens from circulation, valued at roughly $1.43 million.

The burn follows a $1.06 million buyback across multiple blockchain networks, part of a strategy approved by WLFI holders to stabilize token supply and market dynamics.

WLFI token burn and buyback details

According to onchain data compiled by Lookonchain, the WLFI team collected 4.91 million WLFI (approximately $1.01 million) along with $1.06 million in fees and earnings from liquidity operations.

These funds were used to repurchase 6.04 million WLFI on the open market.

Following these transactions, the team burned 7.89 million WLFI tokens on both the BNB Smart Chain (BNB) and Ethereum (ETH) networks.

A total of 3.06 million WLFI ($638,000) remains on Solana (SOL), with the project indicating that further burns may occur.

The token burn program aims to permanently reduce WLFI’s circulating supply, thereby alleviating selling pressure and supporting market stability.

Community and third-party liquidity pools are not included in the burn process, with the initiative relying solely on fees generated from WLFI-managed liquidity pools.

Governance approval and market context

The burn plan was approved via governance vote earlier this month, with overwhelming support: 99% of WLFI holders voted in favor.

This approval demonstrates strong alignment between the community and the project’s management regarding strategies to manage token supply and enhance long-term value.

The WLFI price has experienced significant fluctuations, falling roughly 33% over the past month.

As of Saturday, the token was trading at $0.2049, marking a 6% increase over the past 24 hours, according to CoinGecko.

Despite this rebound, WLFI remains down more than 38% from its all-time high.

Market analysts and onchain observers have noted that the burn could potentially remove up to 4 million WLFI per day, translating to nearly 2% of the total supply annually, although exact figures have yet to be confirmed.

Trump family holdings and token unlocks

The WLFI project has drawn additional attention due to its connection with the Trump family.

Entities linked to President Donald Trump reportedly control around $5 billion worth of WLFI tokens following a scheduled unlock of 24.6 billion tokens earlier this month.

Initial holders listed on the project’s website include DT Marks DEFI LLC and family members Donald Jr., Barron, and Eric Trump, who collectively held 22.5 billion WLFI.

The token experienced a brief spike to $0.40 following the unlock before retreating to around $0.21.

This volatility highlights both the influence of large token holders and the potential impact of strategic buybacks and burns on market sentiment.

Outlook and implications

The WLFI token burn and repurchase program represents a deliberate effort by the project to strengthen market confidence and mitigate price declines amid recent volatility.

By leveraging governance-approved strategies and onchain revenue streams, WLFI aims to create a sustainable framework for value appreciation.

The project will likely continue monitoring supply and demand dynamics, with future burns on Solana pending further action.

For investors and observers, the ongoing management of WLFI supply, combined with significant holdings by high-profile individuals, underscores the complex interplay of DeFi mechanics and market sentiment in shaping token performance.

The post Trump affiliated World Liberty Financial executes $1.43M token burn amid WLFI market volatility appeared first on CoinJournal.

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Spot Ether ETFs see five-day outflow streak amid 10% price drop

  • Ether ETFs post $795.8M outflows over 5 days as ETH price drops 10.8% to $3,995.
  • SEC staking decision looms; Grayscale readies to stake ETH holdings amid pressure.
  • Bitcoin ETFs face $897.6M outflows, but analysts call them “the biggest launch ever.”

US-based spot Ether exchange-traded funds (ETFs) have recorded their second prolonged outflow streak in less than a month, underscoring ongoing investor caution in the market.

The sell-off coincides with Ether’s (ETH) price slipping more than 10% over the past week, reflecting broader concerns around crypto demand and regulatory uncertainty.

Five straight days of outflows for Ether ETFs

According to data from Farside, spot Ether ETFs posted five consecutive days of net outflows this week, totaling $795.8 million.

Friday alone saw $248.4 million withdrawn, capping a difficult week for the products.

Ether’s price fell 10.8% to $3995.33 in the last 7 days at the time of writing.

This marks the first time Ether ETFs have logged a five-day outflow streak since the week ending September 5, when the asset traded near $4,300.

The repeated pressure suggests waning investor appetite in the short term, even as longer-term developments around staking could reshape market sentiment.

Staking approval could shift market dynamics

Market participants continue to watch for signals from the US Securities and Exchange Commission (SEC) on whether staking will eventually be permitted within spot Ether ETFs.

Staking, which allows investors to earn yield by locking up ETH, could provide an added incentive for long-term holders and bolster the utility of these products.

On September 19, it was reported that Grayscale is preparing to stake part of its significant Ether holdings, a move interpreted by some as a vote of confidence that regulators may soon allow staking within exchange-traded products.

Despite this potential catalyst, current trading data highlights persistent sell-side pressure.

Cointelegraph noted that net taker volume on Binance has remained negative over the past month, signaling that retail participation in Ether is cooling.

Crypto analyst Bitbull described the ETF outflow streak as “a sign of capitulation as the panic selling has been so high.”

Bitcoin ETFs also face withdrawals

The selling trend was not limited to Ether.

Spot Bitcoin ETFs also recorded five days of outflows, amounting to $897.6 million over the same period.

Bitcoin’s price fell 5.28% in the past week, trading at $109,551 at the time of publication.

While recent outflows reflect cooling momentum, analysts remain broadly optimistic about Bitcoin ETFs’ long-term trajectory.

ETF analyst James Seyffart, speaking on a podcast Thursday, said that while Bitcoin ETFs haven’t been “perfectly hot the past couple of months,” they remain “the biggest launch of all time.”

“The amount of money that has come in here is unlike anything we have ever seen,” Seyffart said, adding that Bitcoin ETFs are performing “as good as you could possibly hope.”

The post Spot Ether ETFs see five-day outflow streak amid 10% price drop appeared first on CoinJournal.

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LINEA price spikes 14% as SWIFT picks Linea for pilot

  • Linea token LINEA has jumped by over 14% to reach highs of $0.029 amid major SWIFT news.
  • Reports say SWIFT and bank partners including PNB Paribas and BNY are set to test blockchain messaging system.
  • SWIFT has selected Linea for the pilot.

LINEA, the native token of the Ethereum Layer 2 network Linea, has surged by 14% in the past 24 hours, with a sharp spike coming on the back of a major SWIFT announcement.

The token reached intraday highs of $0.029 as news emerged that the interbank messaging platform has selected Linea for testing its system on the blockchain. Gains saw LINEA outpace many altcoins that struggled amid broader crypto price turmoil.

SWIFT to test messaging system on Linea blockchain

SWIFT, the Society for Worldwide Interbank Financial Telecommunication, which facilitates secure messaging for over 11,000 financial institutions across more than 200 countries, is embarking on a transformative experiment.

According to exclusive insights from The Big Whale, SWIFT has partnered with Consensys-developed Linea, an Ethereum Layer 2 solution, to explore migrating its core messaging system onto the blockchain.

Gregory Raymond, co-founder of The Big Whale, shared the news on X.

The collaboration will also involve global banking giants, with over 10 banks including BNP Paribas and BNY.

SWIFT is also set to team up with over a dozen institutions on the project, said The Big Whale, with many of these already engaged in the initiative’s proof-of-concept phase.

According to a well-placed source, the project, though still in development, could herald a significant technological overhaul of the international interbank payments industry.

Why the layer 2 blockchain Linea?

Linea’s appeal lies in its emphasis on privacy, enabled by advanced cryptographic proofs.

The banks see this as aligning with the regulatory and security demands of the banking sector.

Linea offers an enterprise-grade infrastructure platform for global finance.

Per details on its website, the network already supports financial institutions like Mastercard, Visa and JP Morgan.

The Consensys-backed platform is designed for blockchain solutions, including tokenization, trading, payments, and onchain settlement.

It allows for integration with decentralized finance protocols, custodians, and real-world asset tokenization platforms.

LINEA price spikes amid news

SWIFT’s plans and The Big Whale’s report on the development triggered a notable market reaction from the LINEA community.

LINEA price chart on CoinMarketCap

As the token soared over 14%, the price increase was accompanied with a 6% increase in daily trading volume to $353 million.

The gains saw Linea join the likes of Subsquid, Solv Protocol and Lombard in outpacing the top coins.

Linea price reached its all-time high of $0.04657 on September 10, 2025.

The uptick could, therefore, see bulls attempt to retest this level.

Holders and stakeholders will closely monitor the progress of SWIFT’s pilot as it unfolds.

The post LINEA price spikes 14% as SWIFT picks Linea for pilot appeared first on CoinJournal.