Schlagwort: crypto business

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The Paraguayan power play: How a shocking production boost sent HIVE’s stock soaring 25%

  • HIVE Digital stock surged over 25% after a strong September production report.
  • The company mined 267 BTC, an 8% increase from the previous month.
  • Year-over-year production has grown a massive 138 percent.

In a stunning display of operational excellence and rapid expansion, the Canadian Bitcoin miner HIVE Digital Technologies has delivered a jolt of power to the market, announcing a substantial and surprising increase in its Bitcoin production that sent its stock soaring over 25 percent.

The news is a powerful testament to the success of the company’s aggressive growth strategy, particularly its massive new facility in the heart of South America.

The market reaction was swift and decisive. Following the announcement, HIVE’s stock jumped more than 25 percent, closing at $5.57 on October 6.

This surge was a direct response to a stellar September production report, in which the company mined 267 BTC—an 8 percent increase from August and a staggering 138 percent jump in year-over-year growth.

The Paraguayan power play

The engine behind this explosive growth is the company’s new 100 MW Phase 3 Valenzuela plant in Paraguay.

HIVE confirmed that the facility, which is powered exclusively by renewable hydroelectric energy, is coming online “ahead of schedule.”

Almost half of the facility’s total hashrate capacity is now operational, a major milestone that has immediately translated into a surge in daily production, which now averages over 9 BTC per day.

This rapid deployment has had a dramatic effect on the company’s overall operational power.

HIVE’s average hashrate—the computational power it uses to mine Bitcoin—surged by 19 percent from August to September alone, a clear sign of the new facility’s immediate impact.

Beating the network: a story of surging efficiency

But this is not just a story of brute force; it is a story of remarkable efficiency.

During the same period that HIVE’s own hashrate grew by 19 percent, the entire Bitcoin network’s mining difficulty—a measure of how hard it is to mine a new block—rose by 16 percent.

HIVE’s ability to outpace the network’s own growth is a critical signal that it is operating with increasing efficiency, a key factor in a miner’s long-term profitability.

A glimpse into a high-powered future

The company’s leadership has made it clear that this is just the beginning.

Executive Chairman Frank Holmes praised the Paraguay team for advancing Phase 3 “ahead of schedule,” a sentiment echoed by the company’s ambitious forward guidance.

President and CEO Aydin Kilic has confirmed HIVE’s expectation of reaching a total hashrate of 25 EH/s by US Thanksgiving, a significant jump from its current peak of 21.7 EH/s.

He also noted a projected fleet efficiency of 17.5 joules/terahash, a key metric in a competitive market.

With all of the necessary ASIC mining machines for the Paraguay expansion already shipped, the path to this next phase of growth appears clear.

For HIVE, the Paraguayan gambit is paying off, and the market has taken notice.

The post The Paraguayan power play: How a shocking production boost sent HIVE’s stock soaring 25% appeared first on CoinJournal.

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PancakeSwap price jumps 14% as DEX platform launches CAKEPAD

  • PancakeSwap (CAKE) price jumped 14% to highs of $3.90.
  • CAKEPAD replaces IFOs with direct wallet commitments and full fee burns for deflation.
  • PancakeSwap’s price could eye $10 amid overall market bounce.

PancakeSwap’s native token, CAKE, has seen a 14% price increase over the past 24 hours.

The gains come after the decentralized exchange platform introduced CAKEPAD, an innovative token launch mechanism poised to enhance user engagement and token utility.

PancakeSwap price jumps 14%

CAKE extended its rally on Monday, climbing 14% in the past 24 hours to reach $3.90 — its highest level since December 2024.

The latest move pushed the token’s monthly gains to more than 55%.

The price breakout follows a prolonged consolidation phase during which CAKE traded below $3.00, forming an ascending triangle pattern that set the stage for bullish momentum.

Renewed buying interest and improving fundamentals have since driven the altcoin to multi-month highs.

Trading activity on PancakeSwap surged sharply, with daily volumes jumping 169% to over $663 million — a milestone that helped fuel the rally.

The platform has also been outperforming peers such as Uniswap in spot decentralized exchange activity, reinforcing its dominance among retail traders.

PancakeSwap’s ongoing token burn program has further supported prices by reducing supply.

With an increasing number of CAKE tokens permanently removed from circulation, bullish sentiment around the asset has strengthened.

PancakeSwap price chart by CoinMarketCap

PancakeSwap launches CAKEPAD

PancakeSwap’s price gains come amid the platform’s launch of CAKEPAD.

The DEX protocol announced the unveiling of the new platform on Monday, October 6, 2025.

CAKEPAD is a multi-chain platform that grants users exclusive early access to vetted tokens prior to their exchange listings.

The launch, which sees CAKEPAD replace the previous IFO platform, eliminates traditional barriers like staking requirements and lock-up periods, democratizing participation for retail and institutional users alike.

“We’re excited to introduce CAKE.PAD, the new and improved early token access experience on PancakeSwap, giving you exclusive early access to new tokens before they hit exchanges,” the platform wrote in a blog post.

A key feature of the platform is the permanent burning of CAKE fees generated from related events.

Like other initiatives, this has the potential to further reinforce the token’s deflationary economics and utility.

CAKE price outlook

From a technical point of view, PancakeSwap’s price is largely bullish.

The Relative Strength Index for CAKE stands at 69 amid sustained buying pressure.

However, since it’s not overextended into the overbought territory, bulls could yet see another leg up.

CAKE price chart by TradingView

Combining this outlook and overall market optimism, including BNB’s rise to all-time highs above $1,200, suggests the DEX token is trending into bullish territory.

But while bulls could target $5 and even the $10 mark, a drop below $3.50 could trigger a short-term correction.

In this case, the $3.00 area is a major support level.

The post PancakeSwap price jumps 14% as DEX platform launches CAKEPAD appeared first on CoinJournal.

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Mantle (MNT) price forecast: can RWA adoption and Bybit integration push it beyond $2.50?

  • Mantle (MNT) price is rising after Bybit listings and high-yield staking products.
  • RWA tokenisation and USD1 stablecoin have boosted the institutional narrative around Mantle.
  • Mantle price is currently trading above $2.10–$2.20, eyeing resistance near $2.50.

Mantle (MNT) has been one of the standout performers in the cryptocurrency market in recent weeks, climbing to new highs while many other assets remain range-bound.

After reaching an all-time high of $2.16 on October 6, the token is now trading near its peak levels and attracting attention from traders and institutions alike.

But the question many investors are asking is whether Mantle’s momentum, fueled by real-world asset (RWA) adoption and deepening exchange integration, can carry the price past $2.50 in the near term.

Mantle (MNT) riding strong market momentum

The Mantle (MNT) token has gained more than 4% in the past 24 hours, extending a weekly rise of over 17% and a staggering 83% in the last 30 days.

This rally has been supported by both ecosystem growth and favourable market sentiment.

Mantle’s market capitalisation now stands at nearly $7 billion, with trading volume approaching $300 million daily.

At the same time, momentum indicators such as the Relative Strength Index (RSI) and MACD show no clear signs of exhaustion, pointing to sustained bullish interest.

Technically, the breakout above $2.06 has provided a strong base, and analysts note that a close above the previous all-time high of $2.20 could trigger a wave of FOMO-driven buying.

Fibonacci extensions suggest that the next resistance levels lie at $2.23 and $2.48, making $2.50 a critical psychological target.

However, there is the risk of profit-taking around these levels, which could spark short-term pullbacks as highlighted by analyst Keval Gala.

Bybit partnership strengthens the case

One of the most significant factors behind Mantle’s price surge is its expanding relationship with Bybit, one of the largest global exchanges with more than $30 billion in daily trading volume.

Mantle recently secured listings for 21 new trading pairs on the platform, boosting liquidity and accessibility.

Bybit also introduced staking products with yields as high as 36% to 90% APR, locking up tokens and reducing circulating supply.

In addition, structured products such as Double Win and Smart Leverage have been rolled out, making MNT an integral part of Bybit’s growing trading ecosystem.

This close alignment has led some analysts to compare Mantle’s role to Binance Coin’s early utility within Binance, with potential for a self-reinforcing growth loop if Bybit continues to scale.

RWA adoption fuels institutional narrative

Beyond exchange partnerships, Mantle is positioning itself as a leader in the tokenisation of real-world assets.

At Token2049, the network unveiled a compliance-focused platform that enables the issuance of tokenised assets in a regulated environment.

World Liberty Financial (WLFI) followed up by deploying its $2 billion USD1 stablecoin on Mantle, further strengthening its foothold in the RWA sector.

The global market for tokenised assets currently stands at $26 billion but is projected to expand into the trillions by the end of the decade.

Mantle’s entry into this space aligns it with a fast-growing institutional narrative, one that could give the token long-term utility and value beyond speculative trading.

The integration of RWAs with stablecoins is also being highlighted by Mantle’s leadership as a major opportunity to bring real-world financial use cases on-chain.

Mantle price outlook: short-term risks, long-term potential

Despite the bullish setup, analysts warn that Mantle’s rapid rise may lead to short-term corrections.

The token is trading close to its all-time highs, and failure to hold support at $2.10 to $2.20 could open the door to a retracement toward $1.78 or even $1.55.

Much will depend on whether adoption metrics for the RWA platform and the USD1 stablecoin show tangible growth in the weeks ahead.

If Mantle (MNT) can hold a bullish trajectory and maintain institutional momentum, a push beyond $2.50 looks increasingly possible.

The post Mantle (MNT) price forecast: can RWA adoption and Bybit integration push it beyond $2.50? appeared first on CoinJournal.

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BNB price soars to record $1,220, bulls target $1,300 amid market revival

  • BNB Chain hits 60M active addresses, doubling year-to-date.
  • BNB futures Open Interest climbs to a record $2.57 billion.
  • Analysts eye $1,300 as the next BNB price target, with support near $1,191 if corrected.

BNB has surged to a fresh all-time high (ATH) of $1,220.63, extending a powerful rally that has captured investor attention and lifted the token to historic levels.

The latest milestone underscores growing confidence in Binance and the wider cryptocurrency market, as bullish momentum fuels expectations of further gains toward $1,300.

Bulls extend control

The rally follows weeks of sustained growth, with BNB climbing more than 17% last week and over 40% in the past month.

This momentum has been driven by expanding activity on the Binance Smart Chain, a sharp rise in decentralised finance (DeFi) use, and renewed institutional inflows into digital assets.

At the same time, Binance has continued its regular token burns and expanded into Web3 services, including staking, NFTs, and cross-chain infrastructure, thereby reinforcing BNB’s role as more than a speculative asset.

The token’s utility across payments and DeFi protocols has become a defining feature of its long-term strength.

Traders are increasingly positioning around this ecosystem-driven growth, helping BNB sustain its rally even as the broader market consolidates.

With the global crypto market approaching $4 trillion in value again, BNB’s performance stands out as a marker of resilience and investor trust.

BNB Chain network activity surges

Alongside the price surge, BNB’s on-chain metrics have reached record highs.

Monthly active addresses on BNB Chain have doubled year-to-date, topping 60 million in a sign of accelerating adoption.

Total Value Locked in BNB-based protocols has also climbed sharply, rising from $7.58 billion in late September to $8.69 billion in early October, the highest level since mid-2022.

These metrics highlight growing user participation and capital deployment within the Binance ecosystem.

Derivatives activity also confirms the bullish tone, with the Open Interest in BNB futures hitting a new peak of $2.57 billion, according to CoinGlass data, suggesting fresh inflows of capital into leveraged positions.

This build-up of positions adds further weight to expectations of continued upside, as traders bet on higher prices.

BNB’s technical outlook points higher

From a technical perspective, BNB has cleared several key levels.

After rebounding from support near the 61.8% Fibonacci retracement at $948.45, the token climbed over 24% in just six days, breaking past $1,192 before setting the latest record high.

Analysts now see the next immediate target at $1,229.80, followed by the 161.8% Fibonacci extension level around $1,301.91.

Indicators back this view, with the Relative Strength Index (RSI) at 73.58 and still pointing upward, while the MACD recently flashed a bullish crossover.

BNB price technical analysis

Despite the strong setup, analysts warn that corrections cannot be ruled out, especially with the RSI now in the overbought region.

If the BNB price pulls back, market analysis points to $1,191 as the first key support level to monitor. A failure to hold that zone could push the price lower toward $1,079.

Even so, market sentiment remains overwhelmingly positive, with demand for BNB supported by both technical strength and ecosystem growth.

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What’s next for Bitcoin after hitting a new ATH? Check forecast

Key takeaways

  • BTC set a new all-time high of $125,559 on Sunday. 
  • The coin rallied by 10% in the last seven days and could rally higher in the near term.

Bitcoin sets a new all-time high of $125k

Bitcoin, the number one cryptocurrency by market cap, rallied by 10% last week to reach a new all-time high of $125,559 on Sunday. At press time, BTC is trading at around $123,900, down 1.3% from its all-time high.

The rally comes amid growing institutional interest in Bitcoin and related products. Last week, spot Bitcoin ETFs in the United States recorded an inflow of over $3 billion. The surge in inflows for spot Bitcoin ETFs can be attributed to the ongoing shutdown of the United States government.

The shutdown has seen investors turn to risk-based assets like Gold and Bitcoin, with both assets hitting new all-time highs in the last 48 hours. With the Fed rate decision to come later this month, analysts are optimistic that Bitcoin will hit the $130k mark over the next few days or weeks. 

BTC eyes $130k as bullish trend grows stronger

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed excellently over the last few days. The bullish trend could see Bitcoin rally higher in the near term. 

The momentum indicators are currently bullish, with the Relative Strength Index (RSI) reading 70. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover last week.

BTC/USD 4H Chart

If BTC continues its rally, it could surge towards the next key psychological level at $130,000. However, it needs to overcome its all-time high of $125k before it can rally higher.

If the bulls fail to push BTC higher, the coin could face a correction and retest the support at $119k. The next major support level at $117k could serve as a strong base for the bulls in the near term.

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