Schlagwort: crypto business

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Bonk price signals rally as open interest spikes by 9%

  • Bonk price is up as open interest and derivatives volume jump.
  • The memecoin’s price edged double digits to cross the $0.000030 level.
  • BONK could jump to $0.00050 as bulls target new momentum.

Bonk (BONK)’s price climbed more than 10% to hit highs of $0.0000305 in the last 24 hours, with the Solana memecoin seeing a notable spike in open interest and derivatives volume.

This uptick follows a rebound for top memecoins. In particular, it coincided with Bitcoin’s sharp rally to above $122k in the past few days, a move that triggered an altcoin bounce.

BTC’s surge has memecoins such as Dogecoin, Pepe, dogwihat and Bonk gaining. Also notable is fresh sentiment as interest amid the launch of Pump.fun’s token PUMP ignites overall meme recovery.

Bonk price jumps as OI rises 9%

As noted, Bonk’s price has ticked up as its market activity has surged.

One significant metric is open interest, which has risen 9% to see the number of bets on the token reach $48.5 million.

According to data from Coinglass, this growth accompanies a 20% increase in derivatives volume, which stood at over $534 million.

In the market, BONK has a 24-hour trading volume of $1.34 billion – up 23% during this period.

This rise in derivatives activity suggests heightened investor confidence, potentially driven by recent community efforts, such as the push to reach one million on-chain holders.

Bullish bets are also up as BONK targets a major token burn of one trillion BONK.

If the move happens, it will create scarcity and boost the value of the Bonk token.

Bonk price prediction

Most cryptocurrencies have witnessed an uptick in the past several weeks, with bullish predictions for altcoins and memes as BTC price eyes new highs.

Bonk is bidding for a similar trajectory with price-off lows of $0.000027.

Currently, bulls might want to hold above $0.000028 and target a break above $0.000035.

With price in an ascending channel in the past weeks, buyers may have the upper hand. However, the technical indicators provide a mixed outlook for Bonk’s future performance.

BONK price chart by TradingView

 

The 14-day Relative Strength Index (RSI) stands at 76, signaling overbought conditions that could lead to a short-term correction.

Conversely, the Moving Average Convergence Divergence (MACD) on the daily chart offers a bullish signal.

The histogram has increased with a strong uptick following a bullish crossover.

The combination of rising open interest, robust trading volume, and technical indicators presents a largely bullish picture for Bonk.

Although an overbought RSI suggests caution, the MACD and broader long-term crypto projections favour buyers. Support levels include $0.000026 and $0.000015.

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DOGE could retest the $0.18 support level before rally resumes

Key takeaways

  • DOGE is down 7.5% in the last 24 hours as the broader crypto market retraces.
  • The coin could drop to the $0.18 resistance level before resuming its rally.

DOGE dips 7.5% as broader crypto market retraces

The cryptocurrency market had an explosive start to the week, with Bitcoin hitting an all-time high of $123k while Ether rallied above $3k. DOGE, the native coin of the Dogecoin blockchain, also rallied to the $0.215 level on Monday.

However, the broader crypto market is currently in a retracement, with selling pressure keeping the price down. BTC is trading below $117k while Ether has dropped to the $2,900 region.

Dogecoin is not left behind as the leading memecoin has lost 7.5% of its value in the last 24 hours to now trades below $0.20. The correction could last longer as the bears could test the lower support in the coming hours.

However, DOGE could resume its rally soon as institutional activity shows growing demand. Market participants are speculating about fast-tracked ETF paths for high-volume tokens like DOGE and XRP, prompting whale-led accumulation near local lows.

DOGE could retest $0.18 support level

The DOGE/USD 4-hour chart is bullish and efficient despite the coin losing 7.5% of its value in the last 24 hours. The technical indicators are still bullish but are showing signs of exhaustion.

If the current correction continues, DOGE could test the next support level (TLQ) at $0.18046 over the next few hours. At press time, DOGE is trading at $0.1916. However, if the retracement drags on longer, DOGE could retest last week’s low of $0.16510.

DOGE/USD 4H Chart

The RSI of 56 shows that the bullish bias is fading. The MACD lines are also approaching the neutral zone, suggesting limited buying orders. If the bulls recover control of the market, DOGE could surge past Monday’s high of $0.21374 before testing the $0.22856 high. In the event of an extended rally, DOGE could test the May high of $0.260.

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CROSS defies crypto slump with 58% surge

  • CROSS, a layer 1 blockchain designed for web3 game development, has seen its price surge more than 58% in 24 hours.
  • Gains for CROSS come as top coins retreat.
  • While price may dip amid profit taking, bulls may bneefit from overall crypto bounce.

Cross (CROSS) has surged over 58% in the past 24 hours, making it a standout performer among the top 500 cryptocurrencies by market capitalization.

This sharp increase comes at a time when major cryptocurrencies like Bitcoin and Ethereum are experiencing a pullback, with many paring recent gains.

The CROSS token, tied to an innovative layer blockchain project targeting web3 games, has gained amid a number of positive catalysts.

Why is CROSS price up today?

CROSS is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain tailored for web3 game development.

It offers developers plug-and-play software development kits (SDKs), a gaming token protocol, and seamless interoperability with other blockchains.

These features enable game developers to integrate blockchain technology effortlessly, supporting asset ownership and trading for players.

The CROSS token powers various functions on the L1 – gas, governance, and staking. It benefits from its fixed supply and increased onboarding of games, with its goal being to scale web3 gaming by bridging traditional web2 games with decentralized ownership.

CROSS token’s impressive gains of 58% in the past 24 hours bucks the pullback seen with BTC and ETH.

While the mega caps are seeing a retreat, CROSS has spiked more than 180% in the last week, with this uptick coming amid a wave of listings on major cryptocurrency exchanges.

This has happened since early July, when CROSS began trading on prominent platforms, including Binance Futures, Bitget, Bybit, KuCoin, and Gate.io. Exchanges have listed spot pairs and futures for the token, significantly boosting its visibility and accessibility.

Like in other scenarios, these milestones have attracted upside pressure and driven trading volume higher.

For instance, CROSS has surged more than 350% since July 6, 2025 when it rose from lows of $0.04657. The altcoin touched its all-time high of $0.2874 on July 11.

While price is down 25% since the peak, bulls are showing fresh upward momentum.

Crypto pullback? What does this mean for CROSS?

As noted, the broader cryptocurrency market is currently experiencing a pullback with major coins like Bitcoin and Ethereum facing downward pressure after recent rallies.

However, despite this pullback, CROSS has demonstrated notable upside strength.

The token’s price trajectory suggests continued investor confidence, particularly as the web3 gaming sector picks new traction.

In this case, the price of CROSS could benefit from new inflows, particularly as top coins bounce amid macroeconomic and regulatory developments.

The post CROSS defies crypto slump with 58% surge appeared first on CoinJournal.

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Standard Chartered launches spot crypto trading for institutional clients

  • The initiative is part of a broader push by the bank to integrate digital assets into its core financial infrastructure.
  • According to the bank, the spot trading capability is fully embedded within its existing trading infrastructure.
  • In September 2024, the bank introduced a regulated crypto custody service in the United Arab Emirates.

Standard Chartered has launched a new spot cryptocurrency trading service for institutional and corporate clients, expanding its digital assets footprint as traditional financial institutions deepen their engagement with crypto markets.

The UK-based multinational bank on Tuesday announced that the new service supports spot trading in Bitcoin (BTC) and Ether (ETH) through its London-based branch.

The initiative is part of a broader push by the bank to integrate digital assets into its core financial infrastructure.

Institutional-grade access via FX platforms

According to the bank, the spot trading capability is fully embedded within its existing trading infrastructure, allowing institutional investors to trade crypto assets through foreign exchange (FX) interfaces they already use.

Clients can settle trades with a custodian of their choice, including Standard Chartered’s proprietary custody solution.

The integration is aimed at reducing onboarding friction for traditional finance participants by mirroring the experience of established FX markets.

“Digital assets are a foundational element of the evolution in financial services, ” said Bill Winters, Standard Chartered Group Chief Executive, in the statement.

“They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry.”

“As client demand accelerates further, we want to offer clients a route to transact, trade, and manage digital asset risk safely and efficiently within regulatory requirements,” the CEO further added.

Crypto custody and broader digital asset strategy

The launch builds on Standard Chartered’s prior moves in digital assets.

In September 2024, the bank introduced a regulated crypto custody service in the United Arab Emirates, supporting both Bitcoin and Ether custody.

The service is designed to cater to institutions and complies with regional regulatory frameworks.

The bank also has exposure to the sector through strategic investments in Zodia Custody and Zodia Markets, both of which offer crypto infrastructure services targeted at institutional clients.

Additionally, Standard Chartered backs Libeara, a platform for tokenisation of real-world financial assets.

Through its corporate and investment banking division, Standard Chartered now offers an integrated suite of digital asset services, covering trading, custody, and tokenisation, aligning with broader industry trends where banks seek to offer end-to-end crypto infrastructure to clients.

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Algorand’s ALGO price just spiked 11% to 4-month high: here’s why

  • Algorand (ALGO) price has surged to highs of $0.30.
  • US Federal Reserve’s Fedwire has adopted ISO 20022, with Algorand (ALGO) among compliant blockchains.
  • Bitcoin’s rally triggered ALGO’s gains.

Algorand (ALGO) price has surged to a four-month high, hitting levels above $0.30 amid a confluence of positive catalysts, including broader market dynamics.

Likely also key is the US Federal Reserve’s adoption of the ISO 20022 messaging standard for Fedwire, a move that spotlights Algorand (ALGO) as one of the ISO 20022-compliant blockchain networks.

Meanwhile, Bitcoin’s rally to above $123,000 triggered notable gains for altcoins, with ALGO among the top performers.

“Bitcoin has smashed through $122k, fuelled by a sharp breakout and renewed institutional demand. Sentiment has flipped fast, with the Fear & Greed Index jumping from 40 to 70 in just three weeks. Spot BTC ETFs saw over $2 billion in inflows last week. Derivatives are surging too, with funding rates nearing 30 percent and open interest crossing $43 billion,” QCP analysts noted.

Big move as Fedwire adopts ISO 20022

On July 14, 2025, the U.S. Federal Reserve implemented the ISO 20022 messaging standard for its Fedwire Funds Service, a significant upgrade for global financial transactions.

This standard enhances data structure, security, and interoperability, aligning with modern payment systems.

Blockchain networks such as Ripple’s XRP, Stellar, Cardano, Hedera, and Algorand are already compliant with ISO 20022.

These projects could benefit from increased adoption in the banking and financial services market.

Given its traction, Algorand is among those well-positioned to get a lot of attention.

The blockchain’s energy-efficient design and institutional-grade performance will attract interest from banks, including those eyeing central bank digital currency discussions.

ISO 20022-compliance also means seamless cross-border payments.

ALGO price today

Algorand’s ALGO token has recorded impressive gains, climbing more than 11% in the past 24 hours to reach $0.30.

This is ALGO’s highest level since early March and notable from lows of $0.25.

Over the past week, ALGO has surged over 64% and extended its uptick over the past 24 hours.

Its market capitalization exceeds $2.48 billion, the rally is underpinned by a 30% increase in on-chain transactions and a 20% rise in open interest.

Also notable is staking activity and whale accumulation, with news that Algorand is going multichain with Wormhole integration.

Algorand Price
ALGO price chart by TradingView

From a technical perspective, ALGO’s breakout above the $0.24 resistance level confirms a bullish outlook.

The Moving Average Convergence Divergence (MACD) indicator gives bulls the upper hand, with the histogram remaining positive.

However, the Relative Strength Index (RSI) hovers at 83 to indicate overbought conditions and a potential short-term dip or consolidation.

Algorand’s price spike reflects potential strong adoption trends, with Bitcoin’s run to record highs likely to enhance bulls’ chances of breaking higher.

The $0.47–$0.570 could be a key supply wall.

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