Schlagwort: crypto business

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TRON price holds $0.28 as bulls show resilience

  • TRON price held above $0.28 despite heavy price declines across the crypto market.
  • Bulls are showing greater resilience as most altcoins shed gains.
  • TRX could jump to above $0.30 or slip to major support in the $0.22-$0.20 region.

As the cryptocurrency market continues to grapple with significant volatility and downward pressure, TRON (TRX)  has stood out as a beacon of stability, firmly maintaining its price around the $0.28 level.

This resilience reflects TRON’s robust ecosystem fundamentals amid a broader sector correction that has seen major assets like Bitcoin and Ethereum retreat substantially from their yearly highs.

BNB price is also showing bearish signals.

TRON price holds key level at $0.28

TRON’s native token, TRX, has exhibited remarkable price stability in recent weeks, hovering consistently around $0.28 despite fluctuating market conditions.

Market data from major exchanges and aggregators have confirmed the current trading price at approximately $0.284, with minor variations across platforms reflecting real-time liquidity.

This steadfast performance is supported by strong on-chain metrics. TRON’s network continues to dominate in stablecoin transactions, particularly with USDT, which accounts for a significant portion of its activity.

Recent integrations, such as bridging with Coinbase’s Base Layer 2 network via LayerZero technology, have enhanced interoperability and liquidity for TRX.

Additionally, partnerships like the integration with Kalshi, the world’s largest prediction market platform, and Orbiter Finance for cross-chain swaps have bolstered ecosystem utility.

TRX bulls look to defy bears

While TRON maintains its ground, the broader cryptocurrency market is enduring a pronounced downturn.

Bitcoin has fallen sharply from its October peak above $126,000 to around $87k.

Liquidity concerns, ETF outflows, and macroeconomic uncertainties have dictated this downward action.

Ethereum has similarly struggled, trading at $2,950 after sellers capped a move to highs of $3,000 earlier in the session.

Several altcoins have experienced even steeper losses.

In contrast, TRON bulls have defied this trend through accumulated demand from real-world applications.

The network’s high throughput, low fees, and dominance in decentralized finance (DeFi) and stablecoin transfers, processing billions in daily volume have attracted steady inflows.

As the market navigates potential further corrections, TRON bulls may fancy further consolidation.

TRON Price
TRON price chart by TradingView

Technical indicators further reinforce this.

A look at the charts suggests short-term strength as shown by the MACD indicator.

Buyers are focused on the market’s ability to absorb selling pressure without sharp declines, with a gradual move toward the $0.30–$0.32 range emerging as the next upside objective.

If prices hold above the $0.28 area, a sustained move that turns $0.30 into support could shape the next phase of price action.

Network upgrades, new integrations and broader market conditions are expected to play an important role in determining direction.

In the near term, the 50-day exponential moving average stands as resistance around $0.29.

On the downside, a break below the key support level amid broader market stress could open the door for further losses, with bears potentially targeting the $0.22–$0.20 zone as an initial downside range.

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NIGHT token plummets 25% as profit taking hits Midnight

  • Midnight token’s price dump in the past 24 hours comes days after hitting an all-time high of $1.81.
  • NIGHT token’s dip mirrors top privacy coins, including Zcash, Monero and Dash
  • Midnight is a privacy-first blockchain that recently landed on top exchanges.

As the cryptocurrency market experienced renewed volatility on December 23, 2025, Midnight (NGHT) joined several altcoins in plummeting more than 20%.

Meanwhile, the privacy coins sector faced significant downside action as Zcash, Monero and Dash all flipped red.

NIGHT token, native to the Midnight blockchain, dropped sharply amid widespread profit-taking.

Midnight slumps 25% to lead altcoin losers

The Midnight network’s native token, NIGHT, suffered a steep 25% decline in the past 24 hours.

Data on CoinMarketCap ranks it as one of the top losers among the top 100 coins by market cap.

Notably, this sharp correction comes just weeks after the token’s highly anticipated launch.

On December 9, 2025, the token’s price quickly surged to an all-time high of $1.81.

However, its price has since seen a sharp descent, and during Tuesday’s session, NIGHT recorded an intraday low of $0.075.

The downturn has erased a substantial portion of the gains accumulated since the token generation event.

Sell-off was accompanied by $1.58 billion in daily volume, the metric seeing an 81% decrease in 24 hours.

Midnight Price Chart
Midnight price chart by CoinMarketCap

Contributing to the pressure on altcoins is a pullback in Bitcoin.

After rallying to $90k on Monday, BTC retreated to below $87,700.

Stocks also pulled lower, and in crypto, a cascade of liquidations and reduced risk appetite hindered bulls.

Profit-taking on NIGHT may accelerate with further crypto market uncertainty.

NIGHT token mirrors top privacy coins

As noted above, NIGHT’s recent performance has closely tracked declines in established privacy coins.

Privacy-focused cryptocurrencies led declines across the sector, with Zcash, Dash and Monero posting notable losses amid a broader pullback in privacy-themed assets.

Zcash fell nearly 9% over the past 24 hours, while Monero declined about 4% and Dash slipped roughly 3%.

Other privacy-linked tokens, including Decred, Horizen and Tornado Cash, also traded lower during the period.

NIGHT recorded the steepest move, dropping around 25%.

The pullback follows several months of strong outperformance by privacy coins relative to the broader market, with Zcash among the top gainers during that period, supported in part by increased institutional accumulation.

Midnight distinguishes itself as a privacy-first blockchain.

It’s designed to facilitate confidential decentralised applications through advanced features such as selective disclosure and zero-knowledge proofs, all supported by an efficient consensus mechanism.

This architecture aims to balance robust data protection with regulatory compliance.

Cardano’s Midnight project wants to position itself as a next-generation solution for privacy in DeFi, identity management, and enterprise applications.

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BNB price revisits $850 as token face bearish pressure

  • BNB price dropped to under $850 as cryptocurrencies solld-off.
  • The Binance ecosystem token could dump to $800 or lower if bears strengthen.
  • Technical indicators suggest sellers have upper hand in the short term.

BNB faces intensified selling pressure as bulls fail to hold onto gains made in recent sessions, mirroring losses around the broader cryptocurrency market.

As of writing on December 23, 2025, BNB traded around $851, down 1.5% in the past 24 hours as fresh volatility hit risk assets.

While price is off intraday lows of $847, the current outlook suggests bulls risk a revisit of recent key support levels.

BNB price faces fresh bearish pressure

As noted, the BNB price is trading in negative territory

This comes as sellers maintain control following a recent spike to $870, with profit-taking driving the token towards critical support levels.

In the past day, the altcoin has touched $847, and the technical picture signals a potential for further downside if bulls fail to defend this zone.

Market data indicates that BNB has declined more than 11% from its December high of above $920.

Amid the downturn across crypto this past week, the token touched intraday lows of $819.

While buyers then saw a modest rebound to above $870 amid regulatory milestones, the price remains well off its year-to-date peak and all-time high reached in October.

The downturn that has BNB price 38% off the ATH coincides with diminishing activity on the BNB Chain network.

Per blockchain explorer data, daily transactions have fallen nearly 47% from October peaks.

Reduced transaction volumes often reflect lower user and developer engagement, which can erode demand for the native token and contribute to price weakness.

BNB is also signalling market weakness via its derivatives numbers.

Data on Coinglass shows caution has futures open interest for BNB down from over $2.97 billion in October to $1.28 billion as of writing.

Position unwinding and decreased leveraged exposure are key catalysts.

BNB price forecast

From a technical perspective, BNB remains in a downtrend despite a breakout from a trendline on the daily timeframe seen in November.

Recovery also hit a supply wall near the 50-day exponential moving average.

Notably, bulls have defended the support around $825 – a reload from which buyers elevated the token in August to its peak in October.

But bearish signals dominate key indicators on the daily chart.

BNB Price Chart
BNB price chart by TradingView

The Moving Average Convergence Divergence (MACD) highlights fading momentum, while the RSI indicator has flatlined below the neutral mark.

If downside action strengthens, a dip below the support trendline could allow bears to eye $738 and then $647.

On the flipside, a decisive breakout above the $875 threshold could shift sentiment, opening the door to renewed gains towards $1,000.

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Bybit to gradually scale back Japan services from 2026 due to tight crypto regulations

  • Bybit will gradually scale back services for Japanese users from 2026 amid ongoing regulatory pressure.
  • Japan’s strict licensing rules are forcing unregistered crypto exchanges to limit or exit the market.
  • While pulling back in Japan, Bybit is expanding in the UK and Middle East under clearer frameworks.

Bybit is preparing to gradually scale back services for users based in Japan from 2026, marking a further shift in how global crypto exchanges navigate one of the world’s most tightly regulated digital asset markets.

The move follows months of regulatory pressure and earlier steps taken by the exchange to reduce its footprint in the country.

Bybit said the process will involve rolling account restrictions applied over time, rather than an immediate shutdown, as it aligns with Japan’s regulatory framework.

The development comes even as the exchange expands in other jurisdictions, underlining the uneven global regulatory landscape for crypto platforms.

Japan’s regulatory pressure

The phased restrictions will apply to users identified as Japanese residents, with Bybit implementing the measures on a rolling basis.

Users who believe they have been incorrectly classified have been asked to complete additional identity verification checks to resolve their status.

Bybit is not registered with the Financial Services Agency, which requires crypto exchanges serving Japanese residents to obtain local approval before offering services.

Japan’s regulatory regime has long been regarded as one of the strictest globally, shaped by past exchange failures and consumer protection concerns.

This framework has limited the ability of overseas platforms to operate freely in the country without a local licence.

Bybit’s decision to begin a structured withdrawal from 2026 reflects the growing difficulty for unregistered foreign exchanges to maintain access to Japanese users.

Earlier restrictions in Japan

The latest announcement builds on earlier actions taken by Bybit to curb its exposure to the Japanese market.

In October, the exchange halted new user registrations in Japan, citing ongoing discussions with regulators.

That decision signalled that continued full operations without registration were becoming increasingly unsustainable.

Regulatory scrutiny intensified in February, when Japan’s Financial Services Agency requested that app stores run by Apple and Google suspend downloads of five unregistered cryptocurrency exchanges.

Alongside Bybit, the list included MEXC Global, LBank Exchange, KuCoin, and Bitget. The move reinforced Japan’s stance that access to local users must be tightly controlled.

Industry figures have warned that this regulatory bottleneck is driving innovation elsewhere.

In July, Maksym Sakharov, co-founder and CEO of WeFi, said Japan’s strict oversight was pushing crypto development out of the country, as companies look for more flexible jurisdictions.

Despite the Japan pullback, Bybit remains one of the most active exchanges globally.

Rather than exiting heavily regulated markets altogether, Bybit has increasingly adopted jurisdiction-specific strategies, limiting certain services while expanding in regions with clearer or more accommodating frameworks.

Expansion beyond Japan

While scaling down in Japan, Bybit is simultaneously rebuilding its presence in other markets.

The exchange is reentering the UK after a two-year pause, launching a platform that offers spot trading and peer-to-peer services.

The UK return is structured through a promotions arrangement approved by Archax, rather than through direct UK registration.

Bybit has also strengthened its position in the Middle East.

Last month, it secured a Virtual Asset Platform Operator Licence from the United Arab Emirates’ Securities and Commodities Authority, eight months after receiving in-principle approval.

The licence allows the exchange to expand services in a region that has actively positioned itself as a hub for digital asset firms.

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Hyperliquid price reclaims $25 as whales look to buy more HYPE

  • Hyperliquid price gained to above $25 as buyers piled into the HYPE token.
  • Lookonchain shared details of two whales adding to their Hyperliquid positions.
  • Lookonchain noted that the large investors had deposited $5 million in USDC into Hyperliquid to purchase more HYPE tokens.

Bitcoin’s rally toward $90,000 on Monday drew widespread market attention, but Hyperliquid also stood out among assets posting notable gains.

The decentralised perpetuals trading platform’s native token, HYPE, rose nearly 5% as it moved back above the $25 level.

The advance followed a large whale transaction earlier in the session, alongside on-chain data indicating continued accumulation by large holders.

Sentiment was further supported after Hyperliquid shared an update related to HYPE trading activity and transparency on the platform.

HYPE featured among a group of tokens showing strong 24-hour performance, alongside Midnight, Sky, Kaspa and Sei, as broader interest extended beyond Bitcoin’s move.

Hyperliquid whales buy more HYPE, price gains

Recent on-chain data, highlighted by Lookonchain on X, reveals a strategic accumulation by two prominent whale wallets.

On December 22, 2025, Lookonchain noted that the large investors had deposited $5 million in USDC into Hyperliquid to purchase more HYPE tokens.

One of the wallets held 214,497 HYPE, worth over $5.44 million at the time and still boasted $5.52 million, likely ready to pounce.

The other whale held 102,460 HYPE worth $2.61 million and dry powder of $2.45 million meant for future purchases.

Both whales held the money in the USDC stablecoin.

As noted, the price of HYPE, which had experienced a decline of over 14% over the past seven days as it dropped to $22, swiftly reclaimed the $25 threshold.

The rebound could accelerate amid an altcoin bounce, allowing for a retest of the $30 resistance zone.

Whales might offer a formidable bid wall. A surge in buying pressure shows in the 15% spike in daily trading volume.

Hyperliquid Labs comments on HYPE insider trading

The HYPE price fell sharply in recent weeks, with allegations of insider trading surfacing.

Now, Hyperliquid has officially commented on the concerns.

In its update, the team categorically denies any misconduct from its members.

Per a statement shared on X, Hyperliquid Labs has clarified that a wallet accused of shorting HYPE belonged to a former employee who was terminated in the first quarter of 2024.

Hyperliquid Labs emphasised its stringent ethical standards. It includes a comprehensive trading policy that prohibits derivatives trading involving HYPE by team members and maintains a zero-tolerance stance on insider trading.

Co-founder of Hyperliquid Illiensic posted a similar update on Discord.

While the platform has dismissed the allegations of insider trading as solely the work of an unaffiliated former employee, the co-founder noted two key facts: Employees and the team cannot trade derivatives on the HYPE token or use insider information to trade. The same cannot be passed to third parties.

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