Schlagwort: crypto business

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FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

  • The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon.
  • Dune data shows Fluid handled more volume compared to all DEXs combined.
  • FLUID tokens surged over 15% in the past day amidst investor interest.

Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday.

Ethereum steadies above $3,600 as XRP regains the $3 mark.

Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene.

Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3 (Dune Analytics data).

It outperformed established and long-time market leaders like Curve and Uniswap, and that was enough to stir the DeFi community.

For context, Uniswap captured 25.7%, whereas Curve managed 13.4% of the market share.

The protocol’s native token, FLUID, demonstrates renewed optimism with a 16.10% price rally over the past 24 hours.

Fluid climbs DeFi ranks

Indeed, the stablecoin scene has seen tremendous growth since the US regulated the segment with the GENIUS Act.

Protocols like Ethena remain in the spotlight as yield-bearing stablecoins gain traction.

Meanwhile, Fluid has dominated the vital stable-stable swap segment, maintaining steady growth in trading volumes in the last three months.

Stablecoin-to-stablecoin differ from volatile asset swaps since they power real-world utilities, including arbitrage, liquidity provision, and payments.

Fluid has performed well in this category since May, capturing a notable 55.5% share as of August 3.

What’s fueling the growth

Well, as highlighted above, the stablecoin sector has flourished since the US passed crypto bills, bringing the much-needed regulatory clarity to the digital assets industry.

Furthermore, the remarkable share indicates a platform serving its purpose.

The DEX environment remains competitive, with stablecoin users interested in reliability, fewer fees, and speed.

Fluid’s efficient routing, deep liquidity, and compatibility (especially with cost-effective L2s like Base and Arbitrum) have propelled its upside.

The FLUID decentralized exchange is becoming a go-to platform for traders transacting stablecoins like USDT, DAI, and USDC.

Most importantly, the trend signals behavior shifts in DeFi, with users preferring newer, purpose-centric platforms over legacy giants.

Will it maintain the momentum and overthrow Uniswap and Curve for good?

Transforming stablecoin liquidity?

Fluid might change power dynamics within the DeFi world if it retains the prevailing energy.

While Curve and Uniswap have defined stablecoin swapping for years, neither holds the top position at the moment.

Fluid’s rise could welcome a new era, where users prioritize performance over legacy.

Moreover, it reminds us of the benefits of stablecoin infrastructure.

While the crypto community often gravitates to narratives like NFTs, L2s, and gaming, stablecoin activity remains the backbone of DeFi.

FLUID price outlook

The native token reflected the reinvigorated optimism with notable price gains.

FLUID rallied 16% from yesterday’s $4.7199 to press time $5.48.

The surging 24-hour trading volume highlights renewed momentum, setting the stage for further FLUID rallies.

However, broad market bias remains crucial in determining the asset’s short-term performance.

A sudden selling wave would delay the upside and trigger FLUID dips, whereas continued recoveries will supercharge the alt’s rebound in the upcoming sessions.

The post FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s appeared first on CoinJournal.

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Toncoin price outlook as Verb Technology announces $558m TON treasury strategy

  • Toncoin price was down 6% and near $3.37 after recent gains.
  • Nasdaq-listed firm Verb Technology has announced a $558 million TON treasury strategy.
  • TON price could benefit from the company’s buying as interest grows.

Verb Technology Company, Inc. (Nasdaq: VERB), an interactive video-based sales applications firm, has announced plans for a major TON treasury strategy.

The firm has eyes on a $558 million initial haul for the first publicly listed TON treasury company.

News that Verb is looking to add TON to its treasury comes as the Toncoin (TON) price navigates notable selling pressure.

Big news for TON from Verb Technology?

Verb Technology has embraced TON, the native token of The Open Network blockchain network.

In an announcement on Monday, Aug. 4, Verb revealed a $558 million private placement aimed at the purchase of TON as the company positions itself as a leading TON player.

Verb’s capital raise attracted more than 110 institutional and crypto-native investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA). Kraken, Pantera, MEXC Ventures, Arrington Capital, Animoca, and BitGo also subscribed.

Verb is partnering with Kingsway Capital to help the ambitious venture.

The partnership will see Verb Technology rebranded as TON Strategy, with its move expected to make it the first publicly traded treasury reserve of TON.

By integrating TON, Verb seeks to capitalise on the blockchain’s growing adoption. According to the press release, Verb will begin its TON purchase and holding as a treasury asset on August 7, 2025.

“Telegram is the preferred messenger for the growing global crypto community and TON is the currency that powers the Telegram ecosystem. In my judgment, permanent capital vehicles are particularly suitable for long-term holdings of TON, which not only has the potential to compound in value, but also offers staking yield, meaning TSC can benefit from staking rewards,” said Manuel Stotz, founder and CEO of Kingsway Capital.

Toncoin price outlook as altcoin attracts Wall Street

At the time of writing, Toncoin (TON) traded 6% lower as the broader market attempted to recover from last week’s volatility.

While TON was down, news that Verb Technology was eyeing a $558 million treasury strategy with the altcoin could quickly buoy sentiment.

This is because Verb’s $558 million commitment signals increasing Wall Street confidence in TON’s long-term value, aligning with overall institutional interest in cryptocurrencies.

TON traded to highs of $3.73 on Aug. 3, but with profit taking it down to around $3.37.

It’s a performance that sees Toncoin price hover just in the green on the weekly time frame.

However, the altcoin remains 23% up in the past month and holds an uptrend line formed since July 8.

Verb’s stock jumped amid the news, and it’s likely TON will follow as the new company begins to execute its strategy.

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Best altcoin to buy now? BPENGU is the meme coin with serious potential

  • With $1.9 million already raised in its presale, demand for $BPENGU isn’t slowing.
  • $BPENGU’s presale structure, combined with Bitcoin’s ongoing strength above the $110K mark, positions the token for significant upside. 
  • If Pudgy Penguins defined the last meme moment, Bitcoin Penguins is shaping up to define the next.

The search for the best altcoins to buy now is heating up as altseason builds momentum—and Bitcoin Penguins ($BPENGU) is quickly emerging as the most exciting name on the radar.

Far from being just another meme coin, $BPENGU is combining viral energy with hard-hitting fundamentals, catching the attention of both retail speculators and more serious crypto analysts.

With $1.9 million already raised in its presale, demand for $BPENGU isn’t slowing.

That’s not just about hype—it’s because the project is doing something few meme coins bother with: offering real tokenomics designed for long-term sustainability and growth.

From Pudgy’s playbook to Bitcoin’s backbone

Just when you thought the penguin meta had peaked, Bitcoin Penguins enters the chat.

Drawing inspiration from the wildly successful Pudgy Penguins, $BPENGU takes the familiar cuteness of that ecosystem and fuses it with Bitcoin’s technical superiority.

Where Pudgy made waves with toys and NFTs, $BPENGU is looking to dominate on-chain with meme-meets-money precision.

The token has a fixed total supply of 10 billion, with 55% made available through the ongoing presale.

Each stage of the presale increases in price by 5%, giving early participants the opportunity for up to 75% paper gains even before its confirmed listing on September 2.

The roadmap? A bold but calculated push toward a $2 price target by November 2025—representing a potential 1000x return from Stage 1.

Why BPENGU can break through

$BPENGU’s presale structure, combined with Bitcoin’s ongoing strength above the $110K mark, positions the token for significant upside. 

If it mirrors $PENGU’s path—which surged to a billion-dollar valuation—early investors could see substantial returns, especially if the token reaches its projected $2 target. 

The broader meme coin rally further amplifies this momentum.

Unlike $PENGU, which still lacks defined utility but remains in focus due to upcoming gaming and cross-chain developments, $BPENGU will need to actively execute on its roadmap. 

This includes delivering competitions, securing partnerships, and building community engagement. 

Sustained success will hinge not just on market hype, but on translating attention into tangible value.

Altseason energy, Bitcoin-backed confidence

Momentum around altcoins is building.

Ethereum ETFs have now posted 20 straight days of inflows, and big institutional moves—like Japanese treasury firm Metaplanet’s latest $53.7 million Bitcoin buy—are reinforcing that the market is entering a new phase of accumulation and expansion.

Metaplanet’s CEO, Simon Gerovich, confirmed that the company now holds 17,595 BTC and that more capital raises are coming to fund further purchases.

That kind of institutional confidence often marks the prelude to the next leg of altseason.

And when capital rotates from Bitcoin into newer, high-upside plays, projects like $BPENGU—memes with a mission—are often the biggest beneficiaries.

If Pudgy Penguins defined the last meme moment, Bitcoin Penguins is shaping up to define the next.

With a rock-solid presale structure, capped supply, incentivised holding, and an actual Bitcoin backbone, $BPENGU isn’t just a joke—it’s the best altcoin to buy now if you’re betting on where this cycle’s energy is going.

The presale is still open. But with listings confirmed for early September, and sentiment snowballing, the window may not be open for long.

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Coinflux could drop below $0.20 after its 14% rally last week; Check forecast

Key takeaways

  • CFX is down 2% in the last 24 hours and risks dropping below $0.20 soon.
  • The coin rallied to a high of $0.27 last week amid growing adoption buzz in China.

CFX dips 2% after outperforming the market

CFX, the native coin of the Coinflux blockchain, is underperforming despite the broader crypto market rallying over the last few hours. The coin has lost nearly 2% of its value in the last 24 hours and risks dropping below $0.20 soon.

This poor performance comes after the coin rallied by 14% last week, hitting a high of $0.27. Its rally comes as analysts predict the coin’s adoption in China as the country warms up to stablecoins.

Reports suggest that Conflux is prepping an offshore-yuan stablecoin, which could make it one of the first stablecoin projects in China. The buzz contributed to CFX adding over 190% to its value over the last 30days.

While CFX has performed excellently over the last few weeks, the coin is still 87% down from the all-time high of $1.70 it achieved four years ago. 

CFX could drop below $0.20 soon

The CFX/USD 4-hour chart is bullish and efficient, as CFX has been performing excellently over the last few weeks. However, the coin could undergo further correction before rallying higher.

The technical indicators remain bullish, suggesting that buyers are in control. The RSI of 52 shows a fading bullish momentum, while the MACD lines are also approaching the neutral zone.

CFX/USD 4H Chart

At press time, CFX is trading at $0.2097. If the correction persists, CFX could retest the Inducement Liquidity (ILQ) at $0.159 in the coming hours or days. Failure to defend this level could see CFX drop to the major support level at $0.102.

However, the CFX/USD pair is bullish and could resume its rally soon. If the bullish momentum returns, CFX could take out last week’s high of $0.2789 before hitting the $0.30 mark for the first time since April 2024.

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Ethereum price prediction: Ether rebounds above $3,500, targets $3,900

Key takeaways

  • Ether dropped below the $3,400 level over the weekend as the broader market underperformed.
  • The coin is now trading above $3,500 and could rally towards the $3,700 level soon.

Ether rebounds from the weekend’s sell-off

Ether, similar to the broader cryptocurrency market, underperformed last week. The second-largest cryptocurrency by market cap lost 8% of its value over the last seven days and hit a low of $3,359 on Saturday.

The poor performance was caused by several macroeconomic factors. The Federal Reserve kept interest rates the same while the Fed Chair suggested that there is no certainty over a September rate cut.

The Nonfarm Payroll also came out poorly, indicating that the US economy was growing at a much slower rate than expected. Finally, the market reacted negatively amid new tariff discussions.

The macroeconomic factors saw over $200 million in outflow for Ethereum ETFs, resulting in Ether dropping below the $3,400 mark. 

However, the market is currently in a correction and could surge higher if conditions remain positive. 

ETH targets the $3,700 resistance level

The ETH/USD 4-hour chart is bearish and efficient after Ethereum price closed below its daily support level of $3,730 over the weekend. The recovery above $3,500 shows that Ether found support around its 78.6% Fibonacci retracement level at $3,392. At the time of writing, it continues its recovery, trading above $3,500.

The technical indicators are currently rebounding from the weekend’s low. The RSI on the 4-hour chart reads 49 after bouncing off the neutral level of 50 on Saturday and points upwards, indicating bullish momentum gaining traction. The MACD lines are also set to cross into bullish territory soon. 

If ETH continues its recovery, it could extend the rally and reclaim the $3,730 resistance point. An extended bullish movement would allow Ether to surge towards the monthly high of $3,931. 

On the other hand, if ETH faces a correction, it could dip further and retest the key support at $3,170. The support level around $3,300 is currently being protected by the bulls.

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