Schlagwort: blockchain markets

Veröffentlicht am

Litecoin ETF decision imminent: Is $400 next for LTC?

  • Litecoin price jumped more than 10% to breach resistance at $130
  • The altcoin is trending among top gainers today as traders ride spot exchange-traded funds sentiment.
  • If LTC goes parabolic amid ETF approval, analysts target gains to $400 and higher in coming months.

Litecoin (LTC) has posted a decent intraday gain of over 10%, climbing from lows of $115 to hits of $132.

The uptick in the altcoin’s price signals fresh investor enthusiasm amid broader cryptocurrency market bullish sentiment.

However, LTC is taking bears to the edge as anticipation surrounding regulatory approval of LTC exchange-traded funds ticks up.

Crypto analysts say profit reallocation to legacy coins could combine with the anticipated nod post-US government shutdown to send Litecoin price past its all-time high above $400.

Litecoin price surges 10% to retest $130

Litecoin’s price action today has been marked by renewed vigor.

After falling to lows of $115 as Bitcoin gave up gains to near $120,000, bulls have pushed up more than 10% to see the asset retest the psychologically significant $130 resistance level.

It’s a move that has Litecoin looking to break above highs last seen in December 2024.

Gains have come amid surging institutional buying, with on-chain metrics showing a 15% uptick in large wallet accumulations.

Per data the Litecoin Foundation shared on X, the network also hit another key milestone – it has processed over 3 million transactions in the past two weeks.

LTC’s resurgence has investors aggressively positioning and daily trading volume has jumped more than 170% to over $2.02 billion as of writing.

Litecoin ETF decision imminent – Is $400 next?

Macroeconomic tailwinds, including US Federal Reserve’s minutes and commentary on interest rates, have helped bulls. But that’s not all.

Despite the partial US government shutdown briefly stalling the Securities and Exchange Commission (SEC) activities, latest developments suggest an approval for the first spot Litecoin ETFs is on deck as soon as the shutdown ends.

The impending SEC decision on spot Litecoin ETFs looms as a major catalyst for LTC’s price trajectory. Analysts have pointed to the approval as being largely a done deal.

Bloomberg ETF analysts James Seyffart and Eric Balchunas have pointed this out this week, noting that Canary Capital’s amended S-1 filing for Litecoin and Hedera ETFs includes details that are usually the last inclusions before the greenlight.

With SEC’s recent adoption of generic listing standards for crypto products live, the market is abuzz that the highly anticipated approvals are next.

ETFs and corporate treasuries are therefore a likely massive confluence of bullish catalysts for Litecoin.

In terms of price prediction, Litecoin has to breach $140 and successfully flip the zone into a demand reload area.

Gains to highs of $200 are likely to elevate buying pressure across the market and a technical breakout could allow for a run towards $350 and then the highs of $400.

Litecoin’s all-time peak currently holds at $412, reached in May 2021.

The post Litecoin ETF decision imminent: Is $400 next for LTC? appeared first on CoinJournal.

Veröffentlicht am

Crypto exchange Gemini launches Australian arm to tap growing demand

  • Crypto exchange Gemini has officially launched its Australian operation.
  • The move is a bid to tap into the country’s growing demand for crypto.
  • Australia’s crypto adoption rate has risen to 31 percent as of early 2025.

Fresh off a triumphant public debut on the Nasdaq, the cryptocurrency exchange Gemini is embarking on the next chapter of its global expansion, planting its flag firmly in the fertile and rapidly growing market of Australia.

The move, which will see the firm led by the billionaire twins Tyler and Cameron Winklevoss offer its full suite of digital currency services locally, is a powerful bet on the nation’s burgeoning appetite for digital assets.

A new frontier, a local focus

The new operation, officially named Gemini Intergalactic Australia, marks a significant strategic shift for the company.

While Australian customers were previously able to use Gemini’s platform, they were serviced through the firm’s global arm.

Now, with a formal registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency provider, the company is establishing a dedicated and localized presence.

This is a move driven by clear and compelling market data.

According to a report from the Australian Independent Reserve Cryptocurrency Index, the crypto adoption rate in the country has surged to 31 percent as of early this year, a clear sign of a crypto-savvy population that represents a major market opportunity.

The power of a local presence

For Gemini, the decision to build a local operation is about more than just capturing market share; it’s about building a tailored and optimized experience for Australian users.

The company has already seen promising growth from the region, particularly from its institutional clients.

“We think that there’s enough market opportunity for us to build a local platform,” Saad Ahmed, head of APAC at Gemini, told Reuters on the sidelines of the TOKEN2049 crypto conference.

We have some institutional customers from Australia, and I think that is another area where we’ve seen some growth. So having a team on the ground, building a business which is localised, which is optimised for Australian users… makes sense for us.

The launch is the latest major milestone for the New York City-based company, which successfully raised 425 million dollars in an initial public offering last month.

For the Winklevoss twins’ crypto empire, the move down under is a clear and powerful signal that the era of global expansion has just begun.

The post Crypto exchange Gemini launches Australian arm to tap growing demand appeared first on CoinJournal.

Veröffentlicht am

Polygon price bounces amid major payments upgrade

  • Polygon price eyes gains as the community cheers the Rio upgrade going live on the mainnet.
  • Rio introduces stateless validation, reducing node storage needs and enabling broader participation.
  • The upgrade also mitigates the risk of chain reorganizations with near-instant finality.

Polygon price rose as the Rio hardfork, a major upgrade aimed at redefining global payments on decentralized networks, went live on the mainnet.

 The Polygon Labs team announced the milestone on October 8, 2025, noting in a blog post that the upgrade is the network’s biggest ever.

Speed, near-instant finality, and lightweight nodes are key features that will go live amid the Rio upgrade, which could see Polygon play a major role in web3 payments and real-world asset markets. 

According to the team, Rio empowers developers, enterprises, and users to build and deploy payment solutions with confidence.

Polygon co-founder and CEO of Polygon Foundation Sandeep Nailwal commented via X:

Rio upgrade: what else to know

At the centre of the Rio upgrade lies a suite of meticulously engineered improvements encapsulated in three Polygon Improvement Proposals.

PIP-64 introduces the Validator-Elected Block Producer (VEBloP) model. 

This is a novel architecture where validators collaboratively select a limited pool of block producers to handle extended production cycles.

The aim is to eliminate the inefficiencies of simultaneous block creation by multiple validators, which is key to network throughput.

Complementing VEBloP, PIP-65 refines the economic incentives by redistributing transaction fees and maximum extractable value.

This ensures that even participants operating modest hardware can reap proportional rewards, fostering a more inclusive validator ecosystem. 

On the other hand,PIP-72 pioneers witness-based stateless validation, a groundbreaking feature that allows nodes to verify blocks using compact cryptographic proofs rather than maintaining exhaustive state data. 

These enhancements deliver near-instant finality, where blocks are treated as immutable upon validation.

It’s an update that mitigates the risks of transaction reversals or reorganisations that can significantly impact a network. 

With changes to underlying block production and validation, it’s now easier and lower-cost than ever to participate in the network.

Rio enables 5k TPS on the network and makes nodes lightweight, slashing the cost of compute.

By removing the risk of reorgs, Rio provides a step function improvement in the reliability of finality. 

What does this mean for POL?

POL, formerly MATIC, is Polygon’s native token.

Its value has recently fluctuated largely lower since hitting highs of $0.71 in December 2024.

However, bulls have ticked up by about 5% in the past week and POL traded 3% up in the past 24 hours with its price near $0.24.

In terms of what the Rio upgrade means for the ecosystem, the potential impact extends beyond technical prowess.

Polygon now encompasses a network that is for both builders and end-users.

Developers now face significantly reduced barriers to entry, with lightweight nodes requiring minimal compute and storage resources.

That means better integration experiences for agentic payment systems among others.

Beyond NFTs, there’s a rapidly expanding market across real-world assets and cross-border payments.

Rio not only elevates Polygon but also accelerates the mainstream adoption of web3 payments.

Polygon token’s price could ride tailwinds around these developments as bulls target gains.

The post Polygon price bounces amid major payments upgrade appeared first on CoinJournal.

Veröffentlicht am

BlackRock and Brevan Howard tokenized funds launch on Sei: check SEI price outlook

  • BlackRock and Brevan Howard launch tokenized funds on Sei via Kaios, enhancing institutional trust and driving network usage.
  • SEI trades at $0.28 with a 9.3% weekly gain; analysts project $0.40-$0.50.
  • Sei’s sub-second finality, EVM compatibility, and Kaios’s compliance infrastructure 

Global investment giants BlackRock and Brevan Howard have announced the launch of their tokenized funds on the Sei network, leveraging Kaios’s advanced infrastructure. 

Announced on October 8, 2025, the move highlights an accelerating institutional adoption of decentralized finance (DeFi) and real-world asset (RWA) tokenization.

BlackRock milestone on Sei network

The debut introduces BlackRock’s BUIDL and Brevan Howard’s BH Digital Liquidity Fund to the Sei ecosystem, facilitated by Kaios’s institutional-grade platform. 

Conventional funds under this initiative are transformed into on-chain digital assets, enabling 24/7 compliance with DeFi protocols. 

Sei’s architecture ensures robust handling of high-volume transactions while maintaining enterprise-level security.

Mr. Olivier Dang, COO of KAIO, commenting on the announcement 

“This launch marks another major milestone in institutional blockchain adoption. By using the Sei Network, we’re bringing composable access to leading fund strategies entirely onchain. It’s the foundation for real-time, programmable, financial infrastructure built for the next era of capital markets.”

Justin Barlow, Executive Director at the Sei Development Foundation, in his statement, also stated,

 “The integration of KAIO’s onchain infrastructure with the Sei Network is another important step toward the goal for Sei to become the institutional settlement layer for all digital assets. Sei’s high-performance rails enable a seamless experience for trading money market funds onchain–one that is superior to the experience of trading those funds in the real world.”

This collaboration addresses longstanding pain points in asset management, such as settlement delays and high costs. 

By embedding KYC/AML protocols and secure custody solutions, Kaios ensures regulatory alignment, paving the way for broader institutional inflows into tokenized RWAs.

Implications for SEI token and market outlook

The debut of these high-profile funds is poised to catalyze demand for the SEI token.

As institutional activity surges, network usage is expected to rise, enhancing SEI’s deflationary mechanics and staking yields.  

SEI is trading at near $0.28, with a 4% weekly loss amid broader crypto market profit taking.

Short-term forecasts anticipate modest recovery, targeting $0.40-$0.50, bolstered by Sei’s growing network, partnerships.

Medium-term outlooks predict SEI reaching $1, with the all-time high of $1.14 allowing for further upside.

The price trajectory hinges on sustained partnerships and regulatory tailwinds like potential SEC approvals for staking yields. 

An $18 million token unlock is a challenge that could introduce supply pressure. Sei’s staking ratio and recent 50% weekly surges suggest resilience. 

This launch cements Sei’s role in institutional blockchain innovation, with SEI’s price outlook tilting positive amid heightened utility and capital inflows.

The post BlackRock and Brevan Howard tokenized funds launch on Sei: check SEI price outlook appeared first on CoinJournal.

Veröffentlicht am

PEPE price falls 6% to key support level amid memecoin weakness

  • PEPE price dropped 6% to lows of $0.0000088, testing critical support at $0.0000090.
  • The broader memecoin market fell 5%, with DOGE, SHIB, and others hit by macroeconomic pressures and reduced liquidity.
  • PEPE’s recovery depends on holding support and renewed social momentum, amid ongoing sector volatility and regulatory risks.

PEPE, the Ethereum-based memecoin, experienced a 6% decline in 24 hours as bears emerged.

The losses, coming amid overall market sell-off, saw Pepe test a critical support threshold.

Memecoin weakness means other tokens in the sector also witnessed dips.

PEPE declines to test key technical zone

As highlighted, the price of PEPE dipped 6% over the past 24 hours to reach almost $0.0000088.

This meant bulls brushed against a key support level below which more pain could follow.

Interestingly, the downward action came with a dip in intraday trading volume to $658 million.

The 12% decrease from the previous day aligned with bulls’ resilience as buyers sought accumulation.

The token nonetheless is near the oversold territory, with the Relative Strength Index at 36.

Such an outlook is always a signal for a potential bounce if buying interest resurfaces.

Pepe chart by TradingView

Support at $0.0000090 remains and aligns with prior consolidation zones.

The area now serves as a psychological bulwark.

On the upside, a bounce from the lows occasioned by profit-taking will awaken social media buzz.

Meantime, investors will keenly monitor whale activity, as large holders offloading or buying points to a potential uptick or downturn.

Broader memecoin sector grapples with persistent weakness

PEPE sentiment is a result of a wider weakness affecting the memecoin sector, which has shed nearly 5% in aggregate value this week.

The total meme coin market capitalization is now below $82 billion.

Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced a decline, albeit a minor one in the context of the past 24 hours.

Bonk (BONK) and Popcat also pared some gains amid widespread profit-taking.

This collective retreat stems from a confluence of macroeconomic headwinds, including the US Federal Reserve’s signals on interest rates.

Government shutdown is also a factor. Bitcoin, which shot to an all-time high above $126,000 this week, dropped to $122,000 before seeing a slight uptick ahead of the FOMC minutes on Wednesday, Oct. 8.

The memecoin sector’s inherent volatility could increase if markets see a fresh downturn.

Notably, trading volumes for top memecoins have contracted by an average of 3.4% on the day.

But despite the diminished liquidity, analysts are upbeat amid calls for an altcoin season.

The memecoin arena remains robust, with viral whims likely to swiftly turn underperforming tokens into overall outperformers.

The post PEPE price falls 6% to key support level amid memecoin weakness appeared first on CoinJournal.