Kategorie: Crypto News

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Morpho price jumps 10% as RWA powerhouses launch Ascend

  • Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
  • RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
  • MORPHO token jumped 10% in 24 hours to $1.85.

The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.

While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.

Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.

Morpho Labs key player in RWA market

On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched Ascend.

The groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.

Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”

Big name players back the program, including Plume, Morpho, and Centrifuge.

Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.

Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.

As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.

MORPHO token gains amid crypto bounce

The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.

Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.

However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.

On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.

Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.

However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.

A spike for RWA tokens has MORPHO eyeing a break to $2.00.

With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.

MORPHO’s price surged to its all-time peak of $4.17 in January 2025.

The post Morpho price jumps 10% as RWA powerhouses launch Ascend appeared first on CoinJournal.

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FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

  • The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon.
  • Dune data shows Fluid handled more volume compared to all DEXs combined.
  • FLUID tokens surged over 15% in the past day amidst investor interest.

Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday.

Ethereum steadies above $3,600 as XRP regains the $3 mark.

Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene.

Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3 (Dune Analytics data).

It outperformed established and long-time market leaders like Curve and Uniswap, and that was enough to stir the DeFi community.

For context, Uniswap captured 25.7%, whereas Curve managed 13.4% of the market share.

The protocol’s native token, FLUID, demonstrates renewed optimism with a 16.10% price rally over the past 24 hours.

Fluid climbs DeFi ranks

Indeed, the stablecoin scene has seen tremendous growth since the US regulated the segment with the GENIUS Act.

Protocols like Ethena remain in the spotlight as yield-bearing stablecoins gain traction.

Meanwhile, Fluid has dominated the vital stable-stable swap segment, maintaining steady growth in trading volumes in the last three months.

Stablecoin-to-stablecoin differ from volatile asset swaps since they power real-world utilities, including arbitrage, liquidity provision, and payments.

Fluid has performed well in this category since May, capturing a notable 55.5% share as of August 3.

What’s fueling the growth

Well, as highlighted above, the stablecoin sector has flourished since the US passed crypto bills, bringing the much-needed regulatory clarity to the digital assets industry.

Furthermore, the remarkable share indicates a platform serving its purpose.

The DEX environment remains competitive, with stablecoin users interested in reliability, fewer fees, and speed.

Fluid’s efficient routing, deep liquidity, and compatibility (especially with cost-effective L2s like Base and Arbitrum) have propelled its upside.

The FLUID decentralized exchange is becoming a go-to platform for traders transacting stablecoins like USDT, DAI, and USDC.

Most importantly, the trend signals behavior shifts in DeFi, with users preferring newer, purpose-centric platforms over legacy giants.

Will it maintain the momentum and overthrow Uniswap and Curve for good?

Transforming stablecoin liquidity?

Fluid might change power dynamics within the DeFi world if it retains the prevailing energy.

While Curve and Uniswap have defined stablecoin swapping for years, neither holds the top position at the moment.

Fluid’s rise could welcome a new era, where users prioritize performance over legacy.

Moreover, it reminds us of the benefits of stablecoin infrastructure.

While the crypto community often gravitates to narratives like NFTs, L2s, and gaming, stablecoin activity remains the backbone of DeFi.

FLUID price outlook

The native token reflected the reinvigorated optimism with notable price gains.

FLUID rallied 16% from yesterday’s $4.7199 to press time $5.48.

The surging 24-hour trading volume highlights renewed momentum, setting the stage for further FLUID rallies.

However, broad market bias remains crucial in determining the asset’s short-term performance.

A sudden selling wave would delay the upside and trigger FLUID dips, whereas continued recoveries will supercharge the alt’s rebound in the upcoming sessions.

The post FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s appeared first on CoinJournal.

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Toncoin price outlook as Verb Technology announces $558m TON treasury strategy

  • Toncoin price was down 6% and near $3.37 after recent gains.
  • Nasdaq-listed firm Verb Technology has announced a $558 million TON treasury strategy.
  • TON price could benefit from the company’s buying as interest grows.

Verb Technology Company, Inc. (Nasdaq: VERB), an interactive video-based sales applications firm, has announced plans for a major TON treasury strategy.

The firm has eyes on a $558 million initial haul for the first publicly listed TON treasury company.

News that Verb is looking to add TON to its treasury comes as the Toncoin (TON) price navigates notable selling pressure.

Big news for TON from Verb Technology?

Verb Technology has embraced TON, the native token of The Open Network blockchain network.

In an announcement on Monday, Aug. 4, Verb revealed a $558 million private placement aimed at the purchase of TON as the company positions itself as a leading TON player.

Verb’s capital raise attracted more than 110 institutional and crypto-native investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA). Kraken, Pantera, MEXC Ventures, Arrington Capital, Animoca, and BitGo also subscribed.

Verb is partnering with Kingsway Capital to help the ambitious venture.

The partnership will see Verb Technology rebranded as TON Strategy, with its move expected to make it the first publicly traded treasury reserve of TON.

By integrating TON, Verb seeks to capitalise on the blockchain’s growing adoption. According to the press release, Verb will begin its TON purchase and holding as a treasury asset on August 7, 2025.

“Telegram is the preferred messenger for the growing global crypto community and TON is the currency that powers the Telegram ecosystem. In my judgment, permanent capital vehicles are particularly suitable for long-term holdings of TON, which not only has the potential to compound in value, but also offers staking yield, meaning TSC can benefit from staking rewards,” said Manuel Stotz, founder and CEO of Kingsway Capital.

Toncoin price outlook as altcoin attracts Wall Street

At the time of writing, Toncoin (TON) traded 6% lower as the broader market attempted to recover from last week’s volatility.

While TON was down, news that Verb Technology was eyeing a $558 million treasury strategy with the altcoin could quickly buoy sentiment.

This is because Verb’s $558 million commitment signals increasing Wall Street confidence in TON’s long-term value, aligning with overall institutional interest in cryptocurrencies.

TON traded to highs of $3.73 on Aug. 3, but with profit taking it down to around $3.37.

It’s a performance that sees Toncoin price hover just in the green on the weekly time frame.

However, the altcoin remains 23% up in the past month and holds an uptrend line formed since July 8.

Verb’s stock jumped amid the news, and it’s likely TON will follow as the new company begins to execute its strategy.

The post Toncoin price outlook as Verb Technology announces $558m TON treasury strategy appeared first on CoinJournal.

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CrediX hack adds to $3.1 billion DeFi losses in 2025 as multisig failures surge

  • Attacker gained admin access six days before attack.
  • Borrowed $2.64 million after minting fake collateral tokens.
  • Hacken urges real-time AI monitoring for DeFi wallet security.

The decentralised finance sector has once again been shaken by a major exploit—this time targeting CrediX.

The project reportedly lost $4.5 million following an attack enabled by a private key compromise and governance access flaws.

The attacker bridged funds across networks, exploited administrative access, and drained the CrediX Pool using minted collateral tokens.

The incident has added to mounting concerns over the security of multisig wallets, which have accounted for most of the $3.1 billion in crypto losses so far in 2025.

Funds bridged from Sonic to Ethereum as platform taken offline

CrediX has since taken its website offline to prevent further deposits.

Blockchain security firm CertiK confirmed that the stolen funds were transferred from the Sonic network to Ethereum.

Web3 security platform Cyvers Alerts flagged multiple suspicious transactions on Sonic, tracing one address funded via Tornado Cash on Ethereum.

This address bridged funds to Sonic and borrowed approximately $2.64 million from CrediX.

These funds were likely extracted using collateral tokens that the attacker minted after gaining backdoor access.

Admin access and bridge rights enabled token minting exploit

According to SlowMist, an on-chain security provider, the attacker was granted Admin and Bridge roles within the CrediX Multisig Wallet six days prior to the exploit.

These roles were assigned using the protocol’s ACLManager.

With Bridge-level access, the attacker was able to mint collateral tokens through the CrediX Pool, which were then used to borrow assets and ultimately drain the protocol.

This type of exploit underlines a critical risk in decentralised governance models, particularly around role-based access control.

Inadequate oversight in assigning privileges, especially in multisig environments, leaves DeFi protocols highly exposed to internal or external compromise.

Multisig wallets linked to most 2025 crypto losses

The CrediX incident is part of a broader trend this year.

A report by security firm Hacken states that $3.1 billion in crypto was lost in the first half of 2025, with the majority of cases involving multisig wallets.

These wallets were often breached through social engineering tactics, fake interfaces, or misconfigured signer setups.

The largest known attack this year remains the $1.46 billion Bybit exploit, where attackers deceived multisig signers using a spoofed interface.

Real-time threat detection now a priority, says Hacken

In response to the growing frequency of such incidents, Hacken has recommended moving away from traditional one-time security audits.

Instead, the firm advocates for real-time, AI-based security systems that monitor multisig activity and flag abnormal behaviour instantly.

According to Hacken, more than 80% of crypto losses this year stemmed from access control failures.

The firm urges platforms to implement stricter signer training, enforce tighter rule-based automation, and treat interfaces and signers as integral to system security.

Meanwhile, CrediX has said it aims to recover the stolen funds within 24–48 hours, though no further details have been provided at this time.

The post CrediX hack adds to $3.1 billion DeFi losses in 2025 as multisig failures surge appeared first on CoinJournal.

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Best altcoin to buy now? BPENGU is the meme coin with serious potential

  • With $1.9 million already raised in its presale, demand for $BPENGU isn’t slowing.
  • $BPENGU’s presale structure, combined with Bitcoin’s ongoing strength above the $110K mark, positions the token for significant upside. 
  • If Pudgy Penguins defined the last meme moment, Bitcoin Penguins is shaping up to define the next.

The search for the best altcoins to buy now is heating up as altseason builds momentum—and Bitcoin Penguins ($BPENGU) is quickly emerging as the most exciting name on the radar.

Far from being just another meme coin, $BPENGU is combining viral energy with hard-hitting fundamentals, catching the attention of both retail speculators and more serious crypto analysts.

With $1.9 million already raised in its presale, demand for $BPENGU isn’t slowing.

That’s not just about hype—it’s because the project is doing something few meme coins bother with: offering real tokenomics designed for long-term sustainability and growth.

From Pudgy’s playbook to Bitcoin’s backbone

Just when you thought the penguin meta had peaked, Bitcoin Penguins enters the chat.

Drawing inspiration from the wildly successful Pudgy Penguins, $BPENGU takes the familiar cuteness of that ecosystem and fuses it with Bitcoin’s technical superiority.

Where Pudgy made waves with toys and NFTs, $BPENGU is looking to dominate on-chain with meme-meets-money precision.

The token has a fixed total supply of 10 billion, with 55% made available through the ongoing presale.

Each stage of the presale increases in price by 5%, giving early participants the opportunity for up to 75% paper gains even before its confirmed listing on September 2.

The roadmap? A bold but calculated push toward a $2 price target by November 2025—representing a potential 1000x return from Stage 1.

Why BPENGU can break through

$BPENGU’s presale structure, combined with Bitcoin’s ongoing strength above the $110K mark, positions the token for significant upside. 

If it mirrors $PENGU’s path—which surged to a billion-dollar valuation—early investors could see substantial returns, especially if the token reaches its projected $2 target. 

The broader meme coin rally further amplifies this momentum.

Unlike $PENGU, which still lacks defined utility but remains in focus due to upcoming gaming and cross-chain developments, $BPENGU will need to actively execute on its roadmap. 

This includes delivering competitions, securing partnerships, and building community engagement. 

Sustained success will hinge not just on market hype, but on translating attention into tangible value.

Altseason energy, Bitcoin-backed confidence

Momentum around altcoins is building.

Ethereum ETFs have now posted 20 straight days of inflows, and big institutional moves—like Japanese treasury firm Metaplanet’s latest $53.7 million Bitcoin buy—are reinforcing that the market is entering a new phase of accumulation and expansion.

Metaplanet’s CEO, Simon Gerovich, confirmed that the company now holds 17,595 BTC and that more capital raises are coming to fund further purchases.

That kind of institutional confidence often marks the prelude to the next leg of altseason.

And when capital rotates from Bitcoin into newer, high-upside plays, projects like $BPENGU—memes with a mission—are often the biggest beneficiaries.

If Pudgy Penguins defined the last meme moment, Bitcoin Penguins is shaping up to define the next.

With a rock-solid presale structure, capped supply, incentivised holding, and an actual Bitcoin backbone, $BPENGU isn’t just a joke—it’s the best altcoin to buy now if you’re betting on where this cycle’s energy is going.

The presale is still open. But with listings confirmed for early September, and sentiment snowballing, the window may not be open for long.

The post Best altcoin to buy now? BPENGU is the meme coin with serious potential appeared first on CoinJournal.