Schlagwort: crypto business

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Wormhole price jumps 12% amid Ripple’s XRPL integration

  • Wormhole (W) price rose 12% amid news of a Ripple partnership.
  • Ripple has integrated Wormhole’s cross-chain protocol with XRPL mainnet and EVM Sidechain to connect to 35+ blockchains.
  • Wormhole’s integration strengthens XRPL’s open, flexible infrastructure.

Wormhole’s native token, W, surged by more than 12% on Thursday as the market reacted to a major announcement for Ripple.

As of writing, W traded to highs of $0.068, reflecting overall enthusiasm as multiple altcoins rode market sentiment to record decent gains.

Ripple and Wormhole partner to bolster XRPL’s multichain interoperability

Ripple announced on June 26 that it was teaming up with Wormhole, a leading cross-chain interoperability protocol, to expand XRPL’s multichain capabilities.

The integration will see Ripple tap into Wormhole’s interoperability network to connect both the XRP Ledger mainnet and the XRPL EVM Sidechain to over 35 blockchain networks.

With the multichain capabilities, developers can transfer XRPL assets like XRP, Issued Assets (IOUs), and Multi-Purpose Tokens (MPTs) across the supported chains.

Developers will also be able to interact with smart contracts using cross-chain messaging, Ripple said in the blog post.

“By integrating Wormhole into the XRP Ledger, we’re helping unlock even greater potential spanning all major blockchains for one of the most established blockchain networks in enterprise finance—further advancing its role as a foundation for regulated, interoperable digital asset ecosystems,” Robinson Burkey, co-founder of Wormhole Foundation, said in a statement.

The partnership aligns with XRPL’s open architecture, which emphasizes flexibility and composability for developers and institutions building applications in DeFi, tokenized assets, and real-world assets (RWAs).

Ripple’s CTO, David Schwartz, emphasized the importance of interoperability for mass adoption, noting that this collaboration broadens XRPL’s reach while maintaining its reliability for institutional use cases.

“If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control,” Schwartz noted.

W price jumps 12% as market reacts to news

Following the announcement, Wormhole’s token experienced a notable surge.

Data on CoinMarketCap showed the W price was up more than 12% in the past 24 hours.

The W token’s price jumped from lows of $0.059 to $0.068 after Ripple, the company behind XRP and RLUSD, announced its integration of Wormhole to bring multichain interoperability to the XRP Ledger.

Upside momentum saw the daily volume for Wormhole spike a staggering 570% to over $187 million, with the market cap hitting $315 million.

This price movement highlights the market’s recognition of interoperability as a critical driver of blockchain adoption, with Wormhole positioned as a leading facilitator.

XRP, which traded above $2.02, did not react as much, with its price down 2.8% in the past 24 hours at the time of writing.

The post Wormhole price jumps 12% amid Ripple’s XRPL integration appeared first on CoinJournal.

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Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit

  • A US federal judge has denied Ripple and the SEC’s joint request to end the XRP case.
  • Ripple must now appeal or accept the court’s partial ruling.
  • Legal uncertainty around XRP continues to affect market sentiment.

In a major legal setback for both Ripple Labs and the US Securities and Exchange Commission (SEC), a federal judge has denied their joint request to end the long-running XRP case.

The decision, which has reignited uncertainty around the crypto firm’s legal standing, leaves Ripple with only two clear options: either push forward with an appeal or voluntarily dismiss the case altogether.

Judge refuses to close the XRP case

US District Judge Analisa Torres rejected a joint motion by Ripple and the SEC to bring the XRP lawsuit to a close.

The two sides had hoped to wrap up the legal proceedings following an earlier judgment that partially favoured Ripple and introduced regulatory ambiguity for the broader crypto market.

However, Judge Torres made it clear that unresolved matters remain, particularly surrounding remedies in the SEC’s case against Ripple’s institutional sales of XRP.

The refusal means the case is far from over, despite the previous wins Ripple celebrated in court.

Ripple now faces a pivotal decision

Following the judge’s decision, Ripple’s Chief Legal Officer, Stuart Alderoty, stated that “the ball is now in our court,” confirming that the company must make a critical legal decision.

According to Alderoty, the crypto company can either pursue an appeal against the partial ruling or accept the outcome and proceed toward a settlement or dismissal.

Although Ripple has publicly maintained its belief in the strength of its case, this latest development forces the company to reassess its legal and strategic options carefully.

For now, Ripple has not disclosed which path it will choose, but market watchers are closely monitoring the company’s next move.

XRP’s regulatory cloud remains

The court’s decision underscores the lingering regulatory uncertainty surrounding XRP, even after Judge Torres ruled in 2023 that programmatic sales of the token did not constitute securities offerings.

That ruling had sparked optimism across the crypto industry, with some interpreting it as a precedent-setting win for digital assets.

However, by denying the joint motion to end the case, the court has made it clear that Ripple’s legal troubles are not entirely behind it.

The SEC is still pushing for penalties, including possible fines or other remedies related to Ripple’s earlier sales practices, which were deemed unregistered securities offerings.

Market now awaits Ripple’s next step

The judge’s refusal to close the case has introduced fresh uncertainty for XRP holders and the broader crypto market.

While Ripple previously appeared confident that the worst was over, this latest ruling indicates that significant legal and financial hurdles remain.

Traders and investors are now awaiting Ripple’s decision, which could determine whether the case proceeds to a final judgment or moves into a new appellate phase.

Any further delay or escalation in legal proceedings could weigh on XRP’s price and affect sentiment across the digital asset space.

In the meantime, the case continues to serve as a high-profile test of how US securities law applies to cryptocurrencies.

The post Judge rejects Ripple and SEC’s joint bid to conclude XRP lawsuit appeared first on CoinJournal.

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XLM price prediction: Stellar on-chain metrics hint at possible bullish reversal

  • Stellar (XLM) price eyes a breakout as bullish on-chain signals strengthen.
  • TVL has surged 11x in 4 months, showing rising investor confidence.
  • Derivatives data and RSI hint at a possible bullish reversal.

Stellar’s native token XLM appears to be on the cusp of a significant price breakout as a confluence of technical and on-chain indicators points to a potential bullish reversal in the days ahead.

After weathering a challenging June, where the price retreated nearly 28% from mid-May highs, the token is showing signs of renewed strength driven by investor sentiment, funding trends, and robust blockchain activity.

XLM has steadied after the June slump

As of June 26, 2025, Stellar (XLM) trades at approximately $0.2352, reflecting a 3.2% decline in the past 24 hours, but marking a recovery of nearly 6% earlier this week.

XLM has remained trapped in a descending channel for nearly 45 days, dampening investor sentiment.

However, the token now trades near the channel’s upper boundary—a level often linked to breakout potential.

Despite the declining market cap, which currently stands around $7.34 billion, on-chain fundamentals suggest mounting confidence in the project, hinting that price may soon follow sentiment.

Rising Stellar total value locked has sparked optimism

One of the most striking signals comes from Stellar’s total value locked (TVL), which has surged from a low of $7.2 million in 2024 to over $95.28 million, according to DefilLama.

This TVL increase signals an elevenfold increase in just four months.

This sharp rise in TVL, despite a price drop, implies that investors are committing capital into Stellar’s ecosystem with growing conviction, likely betting on long-term fundamentals rather than short-term volatility.

The TVL trend reflects increasing usage of Stellar-based DeFi platforms such as Scopuly, which recently hinted at a breakout being imminent and placed a target around the $0.46 level.

Address activity and sentiment strengthen the bullish stance

Beyond TVL, Stellar’s on-chain usage also supports the bullish case, as reflected in rising monthly active addresses and a surge in recurring user activity.

According to Dune Analytics, May recorded 263,250 active addresses, including 173,670 recurring and 89,590 new users, indicating increasing participation across the network.

This increase in address activity, combined with Santiment’s weighted sentiment flipping positive around the $0.225 level, points to fading fear and a return of speculative confidence.

Technical indicators signal a possible bullish reversal

From a charting perspective, the $0.253 resistance level has emerged as a critical short-term hurdle that bulls must clear to confirm a breakout from the current bearish structure.

If XLM manages a daily close above this resistance, analysts expect a double-digit rally toward the $0.285 region, and possibly higher toward $0.40, where previous sell-offs began in mid-May.

The RSI, currently at above 37, has recovered from oversold territory and could reinforce bullish momentum if it breaks above the neutral 50 level in the coming sessions.

Similarly, the MACD is approaching a bullish crossover, which would add another layer of confirmation for technical traders looking for a long entry.

XLM price chart

With the $0.2280 support holding firm and resistance at $0.2703 within reach, XLM may soon determine its short-term fate depending on how the price behaves at the critical $0.253 zone.

If the bulls maintain momentum and break this barrier, a multi-week rally could unfold, driven not by hype but by deep-rooted investor interest and expanding on-chain fundamentals.

The post XLM price prediction: Stellar on-chain metrics hint at possible bullish reversal appeared first on CoinJournal.

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KAS price slumps 4%: can it bounce back?

  • 20-day EMA fails to hold as support in latest move.
  • $0.082 upside target now looks distant.
  • Trading volume remains steady but lacks buying strength.

Kaspa (KAS), a Layer-1 blockchain protocol known for its blockDAG architecture, had recently emerged as the crypto market’s top gainer.

However, the trend has reversed, with KAS now trading at $0.07533, down 4.17% in the past 24 hours.

Kaspa price
Source: CoinMarketCap

This shift follows a brief rally where the coin had broken through a key resistance zone that held for 29 days.

While trading volume remains elevated, the loss in price signals renewed pressure from sellers, dampening the bullish momentum that had been building into the end of the second quarter.

Price breakout loses steam

Kaspa’s earlier move above its 20-day exponential moving average (EMA) suggested a change in short-term market dynamics.

The 20-day EMA often acts as a key indicator of trend strength.

KAS had been trading below this level for nearly a month before the recent breakout, which initially hinted at a shift in sentiment.

However, the current dip back below $0.076 confirms that the bullish breakout has not held, and short-term bias may be turning cautious again.

At the time of writing, Kaspa is trading at $0.07533, below the peak hit during last week’s rally.

This invalidates the earlier assumption that buyers had fully reclaimed control, suggesting that the resistance zone is still in play.

MACD signal weakens after the crossover

The recent bullish crossover in the Moving Average Convergence Divergence (MACD) indicator had hinted at a strong upside.

The MACD line had crossed above the signal line for the first time in weeks, typically an indication of a strengthening trend.

However, with the price now falling, that signal is starting to lose validity, and traders may treat it as a false breakout unless the price recovers swiftly.

Momentum indicators like the MACD are sensitive to price reversals.

When the MACD crossover is not supported by continued price gains, the reliability of the bullish signal comes into question, increasing the likelihood of short-term consolidation or a deeper pullback.

$0.082 remains distant as downside pressure builds

Previously, the next resistance level was seen at $0.082, with potential upside extending to $0.091.

Now, those targets seem more distant, as Kaspa struggles to maintain upward momentum.

If the price remains below the 20-day EMA, further decline toward $0.069 becomes more likely.

The short-term outlook has changed significantly with today’s downturn, and any recovery would need to first reclaim the $0.076–$0.078 range before challenging higher resistance levels.

The zone between $0.069 and $0.076 remains crucial for determining KAS’s immediate path.

The post KAS price slumps 4%: can it bounce back? appeared first on CoinJournal.

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ZIL price prediction as Zilliqa transitions to 2.0 introducing EVM compatibility

  • Zilliqa 2.0 launches with full EVM and PoS support.
  • ZIL has held a key Fib level amid bearish market trends.
  • Institutions eye ZIL as DeFi and fintech projects integrate.

Zilliqa, the once high-flying blockchain project known for its early use of sharding, has officially launched version 2.0 of its network, marking a major step toward institutional-grade infrastructure and Ethereum compatibility.

This sweeping protocol overhaul introduces several technical upgrades and lays the foundation for a new era of adoption, as it seeks to regain relevance in a rapidly evolving blockchain ecosystem.

With ZIL now trading more than 95% below its all-time high, investors are asking whether this upgrade could trigger a sustainable recovery in price.

Zilliqa 2.0 brings full EVM support and institutional features

The shift to Zilliqa 2.0 is more than a cosmetic upgrade; it represents a full protocol transformation designed to address long-standing limitations and unlock new use cases.

With the integration of Ethereum Virtual Machine (EVM) compatibility, developers can now deploy Ethereum-native smart contracts and decentralised applications (dApps) on Zilliqa with minimal code changes.

This crucial update makes the network interoperable with the broader Ethereum ecosystem, significantly expanding its utility and appeal.

In addition to EVM support, Zilliqa 2.0 introduces a new Proof-of-Stake consensus mechanism, replacing the original Proof-of-Work design and aiming to enhance scalability, energy efficiency, and decentralisation.

The modular architecture now allows for customizable shards, cross-chain communication, and light client support, all of which are geared toward enterprise-grade performance and flexibility.

Developers and institutions take a second look at Zilliqa

The revamped network has already drawn interest from fintech and DeFi projects, with early integrations such as LTIN and deBridge laying the groundwork for tokenised assets and regulated liquidity flows.

DeBridge, in particular, plans to bring native USDC to Zilliqa, marking a key milestone in its push toward cross-chain liquidity and institutional relevance.

Moreover, the updated staking mechanics are aimed at simplifying validator onboarding while rewarding early migration from version 1.0, an effort to quickly shift liquidity to the upgraded network.

According to Zilliqa’s interim CEO, Alexander Zahnd, the platform’s new direction is built on trust and technical excellence rather than hype, with a roadmap that includes privacy-preserving features, digital identity tools, and smart accounts.

These long-term enhancements are intended to future-proof the protocol and ensure that it can serve both compliance-focused institutions and the broader crypto developer community.

ZIL is struggling to hold key support amid price weakness

Despite persistent downward pressure in the broader crypto market, Zilliqa’s native token ZIL has recently shown signs of technical resilience around key Fibonacci levels.

According to crypto analyst Emilio Bojan, ZIL bounced cleanly off the 0.618 Fibonacci retracement level at $0.01042 and is now holding above the 0.5 zone, suggesting buyers are stepping in at critical support.

This technical setup has fueled cautious optimism among bulls who are now eyeing a short-term move toward the $0.01129 level, which remains the next immediate resistance.

Although the price has fallen by over 40% in the past year and by nearly 17% in the last month, recent rebounds suggest that the asset may be attempting to establish a bottom, especially as the fundamentals undergo a significant transformation.

Zilliqa price forecast

At the time of writing, ZIL was trading at $0.01063, down 2.2% over the past 24 hours and showing a trading volume of $9.88 million, which is 1.5% lower than the previous day—an indication of slowing momentum.

The circulating supply stands at just over 19.5 billion tokens, with a total cap of 21 billion, giving it a market capitalisation of around $207.6 million and placing it at position 268.

ZIL remains over 95% below its all-time high of $0.2554 reached in May 2021, and 345% above its all-time low of $0.002396 from March 2020, underscoring its potential volatility and upside if sentiment turns.

Although the network upgrade is fundamentally bullish, traders are likely to remain cautious in the short term until price action confirms a reversal supported by stronger volume and sustained interest.

Nevertheless, the structural improvements brought by Zilliqa 2.0 could eventually pave the way for long-term recovery if they translate into real user growth and ecosystem traction.

The post ZIL price prediction as Zilliqa transitions to 2.0 introducing EVM compatibility appeared first on CoinJournal.