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MIRA price explodes as Binance offers 6M trading campaign

  • MIRA price surged more than 18% as the Mira Network mainnet launched.
  • An airdrop registration is live for early network participants.
  • The Mira token’s price jumped after Binance listed the project with a 6 million MIRA trading campaign.

Mira Network (MIRA) launched its mainnet this week, positioning itself as a “trust layer” for the artificial intelligence ecosystem.

The move drew investor attention, with the token surging more than 18% within hours after Binance announced spot trading support.

Mira Network mainnet goes live

The Mira Network Foundation has marked a pivotal milestone for the project after unveiling its mainnet.

Mira announced the launch on X:

“Mira’s Mainnet launch marks the beginning of the age of verified intelligence. With claims now open, eligible community members must register and complete verification before claiming their tokens,” the foundation wrote.

As it embarks on the “age of verified intelligence,” Mira has outlined an airdrop claim for early backers and users, including Node Delegators, Kaito Yappers, and other contributors.

Users will be rewarded based on their engagement, with allocations ranging from 0.5 to 552 $MIRA tokens, depending on activity quality and tier.

The process emphasizes fairness, incorporating anti-sybil measures and requiring registration by October 2, 2025, and claims by November 24, 2025.

Mira based the airdrop on a network snapshot taken on September 22, 2025 at 00:00 UTC.

The deadline to register for claims is October 2, 2025, while eligible claimants will have up to October 26, 2025 to get their MIRA.

If not, these assets will go into a pool aimed at accelerating Mira Network growth.

“Unclaimed allocations will be reallocated toward future network growth, ecosystem incentives, and long-term sustainability,” the team noted.

Binance lists token with 6 million MIRA prize pool

As Mira Network announced its mainnet launch, crypto exchange Binance revealed it had added spot trading support for the token.

Binance provided further details about the listing on their trading competition page, outlining a 6 million MIRA trading campaign.

New users who deposit at least $100 into their accounts will have the opportunity to earn random rewards of between 12 and 50 MIRA.

Binance plans to reward up to 12,000 users with 300,000 MIRA up for grabs.

The rest of the prize pool will be open to participants who trade upwards of $500, with the 4,700,000 MIRA up for grabs to random traders.

MIRA’s price rose from lows of $1.20 to highs of $1.77 at the time of writing, with bulls seeing up to 18% in intraday gains.

The post MIRA price explodes as Binance offers 6M trading campaign appeared first on CoinJournal.

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Temporary setback or freefall? XRP on the edge as bears target $2.70 support

  • XRP slips towards $2.70 as whales and institutions fuel heavy selling.
  • Ripple’s tech progress contrasts with short-term bearish pressure.
  • Fed caution and rising yields have dampened the crypto market sentiment.

The past week has brought turbulence for XRP as the token struggles to defend key levels in the face of a weakening crypto market.

Once seen as one of the strongest performers of 2025, XRP is now under pressure, leaving many wondering whether the latest decline is a temporary setback or the start of a deeper slide.

Bearish pressure mounts below $3

XRP has failed to hold above the $3.00 level, a psychological threshold that traders had hoped would serve as a springboard for further gains.

Heavy liquidations across the broader market, combined with profit-taking near resistance, dragged the token down to the $2.80 zone.

Recently, it has slipped further, touching lows of $2.75 after a 6% drop in a single day, coinciding with Bitcoin’s fall below $109,000 that triggered a chain reaction across altcoins, including Ethereum, which has tumbled around 8% to $3,800.

Institutions and whales weigh in

Behind the price drop lies a wave of institutional selling and large whale movements that have shaken sentiment.

Roughly $277 million worth of XRP have changed hands in a short span, with reports indicating that whales moved nearly 160 million tokens—worth close to half a billion dollars—in mid-September.

These moves have added to the selling pressure, wiping nearly $19 billion off XRP’s market value within a week and breaking the momentum that had carried it above $3 earlier in the month.

Economic headwinds add to the strain

The challenges facing XRP are not just internal.

Wider economic factors have also played a role in the token’s decline.

Comments from US Federal Reserve Chair Jerome Powell, warning that inflation remains a concern and that significant interest rate cuts are unlikely, dampened risk appetite.

Rising Treasury yields have made investors more cautious, diverting attention away from riskier assets such as cryptocurrencies.

This backdrop has made it harder for even promising developments within Ripple’s ecosystem to translate into price gains.

Ripple has been busy rolling out new projects, including the launch of its stablecoin RLUSD, the integration of an Ethereum-compatible sidechain, and the steady growth of wallets on the XRP Ledger, which now exceeds seven million.

While these steps strengthen the network’s foundation, they are yet to counterbalance the weight of market-wide pessimism.

Eyes on the $2.70 support

For now, eyes are on whether XRP can hold above the $2.75 threshold, with $2.70 emerging as the next critical support level.

From a technical analysis standpoint, the token is trading below its 30-day moving average of $2.93, signalling that sellers remain in control.

XRP price analysis
XRP price analysis | Source: CoinMarketcap

The Relative Strength Index (RSI) has dropped below 38, nearing oversold territory.

The MACD has also turned bearish, further amplifying the bearish momentum.

A deeper dip could extend losses, but a bounce from these levels may suggest selling exhaustion and open the door to a short-term recovery.

The next steps will likely depend on Bitcoin’s performance, as a $23 billion options expiry looms large and promises to add volatility to the entire crypto sector.

Should Bitcoin stabilise, XRP may find room to climb back above $3, restoring some momentum. If not, the slide toward $2.70 and potentially lower remains a distinct possibility.

The post Temporary setback or freefall? XRP on the edge as bears target $2.70 support appeared first on CoinJournal.

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Story (IP) price dumps 25% as profit taking intensifies

  • Story (IP) price fell sharply to hit lows of $7.13 on Friday, extending losses amid profit taking.
  • IP drops as selling pressure wipes out millions in positions across the market.
  • Analysts say Story’s strong traction as a real-world assets platform could help IP price bounce.

Story (IP), the token of the Story Protocol, has experienced a sharp correction in the past 24 hours.

Amid a more than 25% dip, the IP token has erased most of the gains seen as bulls pushed to a new all-time high early this week.

The losses have come amid heightened selling pressure as profit taking across the market hits major coins.

IP price nosedives amid profit taking

Story is the intellectual property blockchain targeted for a AI-native infrastructure for the $80 trillion IP asset class.

The protocol’s IP token, which powers the blockchain designed to tokenize and manage intellectual property assets ranging from AI models to creative works, plummeted 25% in the last 24 hours.

Losses saw price plummet to lows of $7.13, extending the dramatic drop that has followed IP’s surge to the all-time high of $14.89.

This means Story’s price has dropped more than 51% since its peak on Sept. 22.

Enthusiasm over the Story Protocol’s innovative approach to programmable IP licensing and its integration with decentralized applications drove bulls to dominance.

But with Bitcoin selling off and major altcoins following suit, IP has pared most of the upside.

IP price chart by TradingView

Per data from CoinMarket, trading volume has increased 41% to over $361 million in the past day to suggest a rush of sell orders.

The nosedive has intensified the profit taking the IP-focused blockchain solutions platform could yet witness fresh downside pain.

Currently, Story trades near $7.20, with bears shaving off about 30% of IP value in the past week.

Story Protocol, while innovative in its RWA approach, faces many of the headwinds that impact most cryptocurrencies, including a broader downturn of risk assets.

Why are analysts bullish on Story (IP)?

Despite the turmoil, some observers point to underlying strengths. Story Protocol’s recent tokenization of high-profile IP demonstrates real-world utility.

Key partnerships and integrations signal this strong traction and in institutional interest amid AI and blockchain adoption growth, add to this bullish perspective.

This is so as RWA takes shape, and the platform’s focus on the multi-trillion-dollar IP market gives it an edge.

“At its core, Story is the only blockchain purpose-built to make IP programmable, traceable, and monetizable in real-time, at global scale.

Conventional blockchains can represent static ownership but cannot embed dynamic, programmable license terms,” the Story team noted following mainnet launch.

Crypto analysts have also pointed to Grayscale’s launch of the Story Trust as a potential catalyst for IP. Hype are ETFs and institutional demand could be key.

Holding above $6.00 and successful bounce to $10 will buoy IP bulls. However, a dip below this key demand reload zone could allow sellers to target the $3.20 area.

The post Story (IP) price dumps 25% as profit taking intensifies appeared first on CoinJournal.

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UK Finance launches pilot for tokenised sterling deposits

  • UK Finance launches GBTD pilot with six banks to test tokenised sterling deposits until 2026.
  • Quant Network to power digital pound pilot, exploring payments, remortgaging and bond settlement.
  • FCA readies crypto rules by 2026 as UK tests tokenised deposits for safer, efficient transactions.

UK Finance has launched a pilot programme for tokenised sterling deposits (GBTD), marking a step towards digital innovation in traditional banking.

The initiative, announced on Friday, is being developed with six major banks—Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander—and will run until mid-2026.

The pilot will test how tokenised deposits can modernise payments, reduce fraud, and improve settlement processes, while also aligning with the country’s wider push to regulate crypto-assets by 2026.

Six banks test digital pound deposits

The GBTD pilot is designed to create a digital representation of commercial bank money in pound sterling.

By joining forces with the six banks, UK Finance aims to measure how tokenised deposits can enhance efficiency for customers, businesses and the wider UK economy.

The initiative is expected to support safer transactions, streamline settlement systems, and give consumers greater control over payments.

Quant Network, a UK-based blockchain interoperability company, will provide the underlying infrastructure for the project.

The firm previously supported the Regulated Liability Network (RLN), a shared ledger-based financial market framework tested in 2024 with the same banks and additional institutions such as Citi, Mastercard, Standard Chartered, Virgin Money and Visa.

Quant Network to build infrastructure

Quant’s involvement will enable the GBTD pilot to test use cases across three areas—online marketplace payments, remortgaging processes and wholesale bond settlement.

The company said the project goes beyond payments, introducing programmable money that can alter how value is managed.

The technology aims to offer efficiency gains and new settlement models that could support both retail and wholesale financial activity.

The project builds directly on RLN’s earlier success, which created a regulated environment for testing distributed ledger technology in traditional banking.

By applying the lessons from that initiative, the GBTD pilot is expected to generate more practical outcomes that could be adopted at scale in the coming years.

Pilot linked with upcoming regulations

The launch comes as the Financial Conduct Authority (FCA) finalises a regulatory regime for crypto-assets, with implementation targeted for 2026.

In April 2025, the Treasury published a policy note clarifying how qualifying stablecoins and tokenised deposits will differ from electronic money.

The FCA has accelerated crypto approvals after criticism, preparing the ground for a more structured framework.

Meanwhile, the European Union has already brought its Markets in Crypto-Assets (MiCA) regulation into effect, covering many aspects of tokenisation.

However, tokenised deposits remain outside MiCA’s remit because they continue to fall under traditional deposit and banking rules.

This regulatory distinction highlights the UK’s efforts to create a clear path for tokenised commercial bank money as part of its broader financial innovation strategy.

What the project aims to achieve

The pilot is expected to run for at least 18 months, with results shaping future policy decisions.

By testing tokenised deposits in real-world scenarios, UK Finance and its partners want to understand how they can fit within regulated banking systems.

The project is positioned as an experiment in bringing distributed ledger technology into mainstream financial services without displacing existing banking structures.

The post UK Finance launches pilot for tokenised sterling deposits appeared first on CoinJournal.