Schlagwort: crypto business

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Flare price surges amid 290% volume spike: next target for FLR?

  • Flare price rose to above $0.028 before paring gains.
  • The crypto project’s DeFi ecosystem, enhanced by FXRP, has driven a significant rise in active users, boosting network activity.
  • As Flare’s oracle services gain traction, could this boost the bulls’ price target above $0.030 and allow for further upside momentum?

Flare (FLR), the native token of the Flare Network, has surged over 10% in the past week to test $0.028, largely outpacing the broader cryptocurrency market amid widespread declines.

While it traded near $0.025 at the time of writing, FLR has broken through critical resistance levels after bouncing off lows of $0.023.

With bullish momentum driving the price, Flare could target $0.038 or higher.

Fueled by strong technical indicators and growing adoption of Flare’s decentralised finance ecosystem, this rally has attracted significant attention from both retail and institutional investors.

FXRP token and XRP DeFi integration

Flare’s recent surge is due to its integration with XRP through the FXRP token, enabling XRP to become DeFi-ready.

The Flare Network’s FAssets mainnet facilitates the conversion of XRP into FXRP, unlocking deeper liquidity and new use cases such as lending and borrowing.

The platform’s total value locked has soared to $217 million in an integration that has positioned Flare as a leader in bridging XRP’s non-smart contract capabilities with decentralised finance.

“For over a decade, XRP has powered fast and efficient settlement at scale. FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi,” the Flare team posted on X.

Additionally, the token`s institutional backing and partnerships focused on interoperability have further solidified investor confidence, driving FLR’s price momentum.

Flare price: $0.038 target and technical outlook

Flare is trading around $0.0256 at the time of writing.

The token moved within a daily range of $0.0245 to $0.0284, marking a 3.4% gain in the last 24 hours.

On the chart, FLR broke above the 23.6% Fibonacci retracement level at $0.0217.

This puts FLR price well above its 7-day SMA at $0.0246, showing strong short-term bullish control.

Meanwhile, the Moving Average Convergence Divergence indicator remains positive.

Notably, the MACD line crosses above the signal line, confirming upward momentum.

Flare chart by TradingView

Although the Relative Strength Index is downsloping and near 55, staying above the neutral mark indicates bulls remain in control.

Gains could ensue before prices reach overbought territory.

If FLR maintains support above $0.0264, it can rise up to $0.0389, aligning with the 61.8% Fibonacci retracement level.

This could allow buyers to aim for $0.040 and higher, which are levels last seen in January 2025 and April 2024.

However, a failure to hold current levels could see a pullback to $0.024, with deeper support at $0.022.

The post Flare price surges amid 290% volume spike: next target for FLR? appeared first on CoinJournal.

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BTC holds the $110k support ahead of PCE data; Check forecast

Key takeaways

  • Bitcoin is down 1% in the last 24 hours, dropping below the $112k level.
  • The leading cryptocurrency is still holding its value above the $110k support ahead of tomorrow’s PCE data.

BTC dips below $112k as bearish sentiment grows stronger

The cryptocurrency market has been bearish this week, with Bitcoin and other major coins currently underperforming. Bitcoin reclaimed the $114k level on Wednesday but has given up the gains and is now trading below $112k level once again.

The negative performance comes as Fed officials cool expectations on further rate cuts before the end of the year. Chairman Jerome Powell has signaled a cautious approach to future rate cuts despite the Fed cutting rates by 25 basis points earlier this month.

Traders are also cautious ahead of tomorrow’s PCE data release. PCE is the Fed’s primary indicator for inflation and could help the apex bank decide whether to cut interest rates in its next FOMC meeting in October.

BTC could dip below $110k if the bearish trend continues

The BTC/USD 4-hour chart remains bullish and efficient despite Bitcoin losing 4% of its value over the last seven days. The technical indicators are, however, bearish thanks to the ongoing selloff.

The RSI of 38 shows that Bitcoin is heading into the oversold territory if the selloff continues. The MACD lines also crossed into the negative zone over the weekend, signalling a bearish momentum.

BTC/USD 4H Chart

At the moment, BTC is trading at $111,793. If the bearish trend continues, BTC could drop below the $110k support level and retest the $107k region for the first time since August 31.

However, if the $110k support level holds and Bitcoin bounces, it could reclaim the first major resistance level at $114k over the coming hours or days. An extended bullish rally would see BTC hit the $118k resistance for the second time this month.

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Crypto market loses $160B in ‘Red September’, yet millionaires soar 40% in 2025

  • ‘Red September’ shakes crypto markets, wiping out over $160 billion in value.
  • Bitcoin, Ethereum, and Solana test critical support levels amid high volatility.
  • Number of crypto millionaires rises 40% in 2025, now at 241,700 globally.

The cryptocurrency market underwent notable turbulence over the past 24 hours, with traders waking up to shifting sentiment and volatile price action on Thursday.

Recent days saw the so-called “Red September” event, which erased over $160 billion from the global crypto market cap amid ongoing macroeconomic pressures, ETF outflows, and liquidations.

Yet, beneath the broad declines, pockets of resilience and buying emerged in selective coins.

With central banks sending mixed signals and regulatory debates intensifying, investors are recalibrating positions, all while institutional flows remain significant.

As Q4 approaches, analysts anticipate a more stable narrative may soon take hold, but volatility remains the dominant theme for now.

Crypto majors test key support levels

Bitcoin (BTC) is oscillating near crucial support levels, recently trading just above $113,000 after rebounding 0.82% in the last 24 hours.

Analysts warn that fading institutional demand could push BTC toward the $108,000 zone if sentiment sours.

Ethereum (ETH) also saw weakness, falling below $4,130, down 1.4% with market-watchers eyeing $3,800 as a possible accumulation point if the decline deepens.

Solana (SOL), despite heavy treasury accumulation, stalled just beneath its 2021 peak, trading near $210 and dipping 1.66% in the last session, testing long-held support.

XRP, conversely, exhibited strength with a 2.93% pop and growing bullish momentum; some chartists see a breakout above $3.33 as pivotal for double-digit ambitions.

Dogecoin (DOGE) held steady, barely advancing 0.2% amid ongoing meme-coin sector liquidations.

Overall, major cryptos remain sensitive to both headline risk and technical factors, with their trajectories hinging on ETF flows, macro signals, and speculative rotation.

Crypto millionaires surge in 2025

The latest Crypto Wealth Report for 2025 highlights just how sharply fortunes have shifted in digital assets, as the number of crypto millionaires worldwide soared 40% year-on-year to reach 241,700.

Leading this surge is Bitcoin, the cornerstone of the crypto economy, with a remarkable 70% jump in those holding seven-figure BTC portfolios, now numbering over 145,000.

At the very top, there are 36 crypto billionaires and 450 “centi-millionaires” who each hold at least $100 million in digital assets.

This wealth explosion comes as the broader market cap of cryptocurrencies hit $3.3 trillion, up 45% from last year, reflecting not just price appreciation but growing adoption globally.

More than ever, Bitcoin is seen less as a speculative bet and more as financial infrastructure: a collateral base for new financial systems operating outside traditional controls.

Notably, the report underscores how crypto’s borderless nature is redrawing global wealth patterns, with Singapore, Hong Kong, and the US emerging as leading destinations for crypto investors.

In this new landscape, holding millions simply means memorizing a 12-word seed phrase, with instant access from anywhere in the world—highlighting a profound shift in how, and where, wealth is stored and moved.

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Solana (SOL) sets new milestone as tokenized assets value hits $671M all-time high

  • Solana’s RWAs hit $671M, boosted by $150M from BlackRock’s BUILD fund.
  • RWA and stablecoin activity surges, signaling growing user and institutional adoption.
  • SOL trades at $214, holding $210 support; analysts eye potential move toward $250.

Solana continues to prove the power of utility-driven projects over hyped ones.

Its tokenized real-world assets (RWAs) have soared to a record $671 million, setting a new all-time high and cementing Solana’s status as a hot blockchain.

The BlackRock effect

The milestone comes after $150 million in new capital poured into Solana via BlackRock’s BUILD fund.

That confirms robust interest from institutional players.

Such breakthroughs indicate a key shift, with Solana’s low fees and speed now attracting massive on-chain transfers.

Indeed, BlackRock’s fund has ignited Solana’s RWA marketplace, as anticipated.

BUILD focuses on tokenizing traditional assets and money market funds.

Thus, the massive injection into the SOL network signals is a significant vote of confidence.

Besides boosting numbers, institutional inflows bring attention, credibility, and liquidity.

These factors are crucial for any project’s growth.

Solana’s ecosystem heats up

It is not only the project’s dollar value that’s soaring. Solana has exhibited a healthy ecosystem lately.

Its RWA transfer volume increased by roughly 23% to $12.19 billion in the past month.

Moreover, RWA holders jumped 17% to 77,982 wallets.

That confirms new participants joining the network as institutional players lead the charge.

Also, stablecoin transfer volume surged 26.23% in the last 30 days to $318.99 billion.

The $12.37 billion stablecoin market cap and 11.43 million holders affirm Solana’s position as a go-to platform for on-chain settlement.

Growing grassroots activity amid increasing institutional inflows indicates a healthy ecosystem flourishing on all fronts.

Solana sees activity from day-to-day users and wealthy financial institutions.

Solana’s institutional activity

The RWA breakthrough comes as institutional investors continue to transform Solana’s long-term narrative.

Galaxy Digital-linked Forward Industries holds SOL worth approximately $1.63 billion.

Also, Pantera Capital has invested over $1 billion, signaling trust in Solana’s long-term potential.

Moreover, Helius Capital added over 760K SOL tokens to its treasury, with plans to scale using a significant $335 million cash reserve.

SOL price outlook

Solana’s native token performed well in the past few sessions, rallying to $250 monthly highs.

However, the upside steam weakened, and bears seem to control the short-term trajectory.

SOL is trading at $214 after losing 8% and 2% the past week and day.

The altcoin’s underperformance is likely anticipated as prices cool down after the latest rally from around $150 in early August.

Also, the downward trajectory coincides with broader market dips.

Analysts remain bullish on Solana, citing bullish fundamental and technical factors.

The digital asset is holding the key support zone at $210.

Validating it could catalyze short-term gains toward the $250 target.

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Chainlink integrated into Canton Network as a super validator

  • Chainlink brings oracles and CCIP to Canton’s institutional blockchain.
  • Canton processes $280B daily repos and secures $6T in tokenised assets.
  • BNP Paribas, HSBC, and P2P.org recently joined the Canton Foundation.

Chainlink has joined the Canton Network as a super validator, deepening the blockchain’s institutional focus and bringing a suite of oracle services to its privacy-driven architecture.

The move aligns Canton’s ambitions for large-scale tokenisation and regulated financial activity with Chainlink’s proven infrastructure in securing real-world data and cross-chain communication.

The Chainlink integration into the Canton Network

As part of the agreement, Chainlink Labs will operate as a super validator on Canton.

In this role, it will run a combined node that functions as both a domain validator and a synchronizer, giving it a hand in ordering and finalising cross-domain transactions.

This integration places Chainlink at the core of Canton’s consensus process, ensuring transaction finality while also bolstering the network’s interoperability across different domains.

Canton has also joined the Chainlink Scale program, which helps manage the costs of running oracles on-chain.

The collaboration also extends Chainlink’s data services to the Canton Network, including its real-time data streams, proof of reserve, and NAVLink, along with the cross-chain interoperability protocol (CCIP).

These tools are designed to allow institutions in Canton to connect securely with external data sources, tokenised assets, and even other blockchains.

The arrangement underscores Canton’s strategy of creating a controlled but flexible environment where traditional financial institutions can operate with confidence.

Canton Network’s ability to handle sensitive financial data

Since launching in May 2023, the Canton Network has positioned itself as a blockchain purpose-built for institutional finance.

The Canton Network describes itself as a privacy-focused blockchain that allows institutions to issue and transact tokenised securities, stablecoins, and digital identity tools without compromising compliance standards.

Backed by major global players such as Microsoft, Goldman Sachs, BNP Paribas, Cboe Global Markets, Digital Asset, and Paxos, the network emphasises privacy and regulatory compliance while supporting large-scale financial applications.

Its governing body, which recently rebranded from the Global Synchronizer Foundation to the Canton Foundation, counts Chainlink among its leading validators.

The network now oversees more than $6 trillion in tokenised real-world assets, processes $280 billion in daily repo transactions, and is secured by 500 validators, including over 30 super validators.

BNP Paribas and HSBC recently joined the foundation, while P2P.org has come aboard as a validator.

By weaving in Chainlink’s infrastructure, Canton is reinforcing its ability to handle sensitive financial data while still connecting to broader blockchain ecosystems.

Analysts view this as a powerful combination since Chainlink already secures more than $100 billion in decentralised finance (DeFi) and has facilitated over $25 trillion in transaction value, and now it is being tasked with underpinning Canton’s institutional-grade environment.

Notably, the integration arrives at a time when global banks and financial firms are accelerating blockchain initiatives, from stablecoin pilots to tokenised fund experiments, underscoring the demand for secure, compliant systems.

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