Schlagwort: crypto market news

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FIFA Collect moves to Avalanche layer-1

  • Modex is named as the technical partner and infrastructure provider.
  • FIFA Rivals to offer an NFT marketplace through Mythical Games.
  • Blockchain to support NFTs, games, and digital fan assets.

FIFA is building a dedicated Layer-1 blockchain in collaboration with Avalanche and Modex, set to host its FIFA Collect digital collectibles.

The migration, scheduled after May 20, will establish a custom blockchain infrastructure tailored for fan-focused NFTs and digital memorabilia.

This move signals FIFA’s broader commitment to blockchain technology and comes amid growing interest in sports-themed digital assets.

With the upcoming launch, Avalanche confirmed that FIFA Collect will be the inaugural application on the new chain, aiming to enhance scalability, security, and fan experience.

Modex to lead infrastructure and FIFA Collect upgrade

As part of the shift, Modex has been appointed as the technical partner and infrastructure provider.

Its role includes designing the architecture for FIFA’s Layer-1 chain and upgrading the FIFA Collect marketplace.

Modex is expected to deliver a seamless migration and support FIFA’s ambitions to expand its digital ecosystem.

The updated platform will feature regular digital drops centred around iconic players, clubs, and moments in global football.

These collectibles have previously been distributed via FIFA’s Drops Page, and the format is expected to continue on the new network.

The migration also aligns with Avalanche’s roadmap to host high-throughput, asset-rich applications.

Layer-1 blockchain to support NFTs, games, and digital assets

According to Avalanche’s official blog and FIFA’s FAQ section, the Layer-1 blockchain will not only support FIFA Collect but also provide a foundation for future integrations, including NFT-based games and tokenised fan experiences.

The infrastructure will accommodate a wide range of digital assets, aiming to deliver a “football-first” user experience.

This Layer-1 launch is FIFA’s most comprehensive blockchain initiative to date.

While FIFA previously explored Web3 during the 2022 Qatar World Cup through various blockchain games and collectibles, this dedicated chain reflects a strategic leap.

FIFA Collect will now become a cornerstone of that strategy, combining blockchain-based fan engagement with scalable NFT delivery mechanisms.

FIFA Rivals and the growing digital sports economy

FIFA’s blockchain roadmap also includes external projects like FIFA Rivals, a mobile football game developed by Mythical Games.

The game will feature an integrated NFT marketplace and allow users to trade footballer NFTs. The initiative underscores FIFA’s intent to be active in multiple digital domains.

As per BeInCrypto, FIFA Rivals is expected to bridge gaming and digital asset ownership, targeting mobile-first audiences with licensed content.

The announcement adds to the growing list of sports properties embracing Web3 infrastructure.

The broader trend shows strong momentum, with blockchain-based fan engagement tools increasingly adopted by sporting bodies worldwide.

Avalanche’s involvement offers FIFA a robust foundation for experimentation across NFTs, games, and digital rewards.

The post FIFA Collect moves to Avalanche layer-1 appeared first on CoinJournal.

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Bitcoin eyes $112k as Strategy announces plans to buy $2.1B BTC

  • Bitcoin (BTC) price trades above $111,400 and eyes $112k amid new bullish momentum.
  • Strategy, formerly MicroStrategy, has announced plans to buy up to $2.1 billion in BTC.
  • The company’s plans and overall market outlook are boosting bulls.

Bitcoin (BTC) rose above $111,000 again after a brief retreat from its all-time high.

The top crypto traded at $111,486 at the time of writing, just off the ATH of $111,861 reached on Wednesday.

While the daily range included a revisit of prices below $111k, Strategy’s, formerly MicroStrategy, announcement looks to have injected fresh impetus into Bitcoin bulls.

With BTC near $111.5k, bullish sentiment could see it line up another explosive run.

This is after Michael Saylor’s Strategy revealed plans to buy an additional BTC worth $2.1 billion.

On May 22, 2025, Strategy disclosed the intended BTC purchase in a prospectus supplement that the company filed with regulators.

The filing shows that Saylor’s publicly-listed firm plans to issue up to $2.1 billion of its 10.00% Series A perpetual preferred stock and use the proceeds to add to its Bitcoin strategy. Funds will also go into working capital.

“Strategy expects to make sales of perpetual strife preferred stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the perpetual strife preferred stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin, and for working capital,” the company said in a press release.

Bitcoin price prediction

Crypto investor and analyst Scott Melker posted on X that Bitcoin had just completed a “golden cross”, between the 50-day and 200-day moving averages.

He shared a chart showing the potential BTC price pump.

“This is the third since late 2023. As you can see, each was preceded by a “death cross,” which has always been a lagging signal at the bottom,” he noted. “Each Golden Cross led to a parabolic advance.”

Here’s Scott Melker, aka Wolf of All Streets’ post with a Bitcoin price chart.

After hitting highs above $110k, analysts are bullish that the next target for BTC could be $120k by the end of the second quarter.

Standard Chartered forecasts a run to $200k by the end of the year, while gains amid institutional interest could send Bitcoin price to above $500k by 2029.

In the tailwinds corner for BTC price could be the “massive liquidity boom” that Bitcoin maxi Fred Kreuger says will soon hit the market.

Bitcoin price has increased by over 4% in the past 24 hours and over 25% in the past month.

The post Bitcoin eyes $112k as Strategy announces plans to buy $2.1B BTC appeared first on CoinJournal.

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KAITO price prediction after Kaito Pro Mobile Beta update

  • The price of KAITO is approaching the key $2.50 resistance zone.
  • Kaito’s Yapper community growth and the new Kaito Pro Mobile update have boosted KAITO’s utility and community engagement.
  • A breakout above $2.50 could push KAITO cryptocurrency to retest the $2.90 ATH.

KAITO has attracted considerable attention recently as its price demonstrates strong bullish momentum that has seen its price rise by over 176% over the last month.

This price surge has stirred optimism among investors and traders alike, who now closely watch the cryptocurrency’s next price trajectory.

With technical indicators showing promising signs and fresh ecosystem developments underway, KAITO appears poised for potential significant gains in the near term.

KAITO price analysis

The recent KAITO price action reveals a striking 20% surge in the last 24 hours, pushing KAITO to trade around $2.19.

This upward move follows a period of consolidation, where the price hovered between $1.70 and $1.90 for nearly a week, indicating a buildup of buying pressure.

Prior to this, KAITO experienced a sharp rally in early May, climbing from $0.79 to nearly $2, marking a stunning 150% gain in just four days.

Currently, KAITO is testing a crucial resistance zone close to $2.50, which represents a post-all-time high (ATH) breakdown level.

This resistance area previously halted price advances after the token’s ATH of $2.90 was reached on February 27, 2025.

If KAITO manages to break above this resistance cleanly, it could pave the way for a retest of the $2.90 ATH, offering a possible 30% upside from current levels.

Consequently, traders are eagerly watching for this breakout as a confirmation of sustained strength.

Technical indicators provide additional insight into the token’s potential trajectory.

The Relative Strength Index (RSI) is currently at 69, nearing the overbought threshold, which implies strong buying momentum but also signals caution.

Meanwhile, the Moving Average Convergence/Divergence (MACD) remains bullish, with the MACD line comfortably above the signal line, though the histogram suggests a slight slowdown in momentum.

Despite this, trading volume has remained steady since the breakout in early May, supporting the price rise.

KAITO ecosystem continues to grow

Beyond price action, the ecosystem surrounding KAITO continues to evolve in ways that may influence market sentiment positively.

The recent update to the Kaito Pro Mobile Beta introduces several innovative features, such as direct access to Token Mindshare heatmaps and enhanced metasearch capabilities.

These improvements allow users to track token popularity and sentiment across platforms more efficiently, fostering greater transparency and community engagement.

Moreover, Kaito’s Yapper community has gained momentum, largely fueled by the Yapper Launchpad, which empowers users to vote on upcoming projects for the Yapper Leaderboard.

This community-driven approach strengthens the project’s foundation by involving token holders in key decisions.

Additionally, the launch of the Rewards Station within the Kaito Earn platform incentivises active participation by distributing weekly payouts in sKAITO tokens, further encouraging engagement and loyalty.

Given these developments, the market appears optimistic about KAITO’s prospects. The combination of strong technical momentum and a thriving ecosystem creates a supportive environment for price appreciation.

However, traders should remain aware of the RSI’s near-overbought condition, which might lead to short-term corrections before any sustained rally.

The post KAITO price prediction after Kaito Pro Mobile Beta update appeared first on CoinJournal.

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Astar Network scores Animoca Brands partnership: will ASTR price surge?

  • Astar (ASTR) price changed hands around $0.03, risking downside continuation.
  • Partnership with Animoca Brands could help ASTR’s price bounce.
  • Market outlook is nonetheless bearish.

Astar (ASTR) price traded around $0.03, slightly in the green on the day, as bulls struggled to keep bears off.

This comes as the Astar Network token has seen its native token plummet more than 10% in the past week, with technical charts signalling a potential downside continuation.

But with a major partnership and investment from a leading blockchain gaming firm in the bag, can ASTR’s price bounce?

Astar Network gets Animoca Brands’ backing

On May 21, 2025, the Astar Network team announced a huge move.

Astar is teaming up with Animoca Brands.

The companies announced their strategic collaboration on Wednesday, revealing that Animoca Brands had also made a key investment in Astar.

Per the announcement, Astar will leverage the new alliance to bolster its position within the entertainment and gaming ecosystem.

It seeks to leverage Animoca Brands’ support to become the leading project for industry players looking to enter the Japanese and Asian markets.

Not only is this about bringing intellectual property on-chain, but also about scalability and focus on consumer-facing experiences.

“The investment from Animoca Brands is not just about financial backing. It’s a strategic initiative aimed at driving long-term growth in Web3 entertainment. Animoca Brands sees the value in Astar’s unique position as a gateway for entertainment IP from Japan and Asia into the global digital ownership economy,” Astar Network wrote in its blog post.

Part of what’s next for Astar and Animoca Brands includes collaboration on further ways of driving adoption across Web3.

The platforms’ future plans also include the potential unveiling of an Intellectual Property and entertainment-focused fund.

Will ASTR price rally?

ASTR token traded at lows of $0.025 on May 7, 2025. However, amid network developments and a broader market uptick that followed, the altcoin surged to above $0.035.

Bears have since pushed Astar Network’s native token into the woods, with ASTR dumping over 10% in the past week.

On the daily chart, the RSI and MACD indicators signal bearish continuation, the latter having the histogram trending weak.

Astar Network Inks Animoca Brands Deal
Astar price chart by TradingView

ASTR is, however, within a broad ascending triangle with the main resistance zone around $0.035.

If price dips below the trendline support, bears could target $0.022.

On the upside, a run to December 2024 highs of $0.9 is possible amid a rallying crypto market.

The post Astar Network scores Animoca Brands partnership: will ASTR price surge? appeared first on CoinJournal.

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Space and Time token SXT pumps 33% amid key Microsoft integration

  • The Space and Time token SXT jumped more than 33% as altcoins rose.
  • SXT crypto price was up after a major partnership with Microsoft.
  • The token’s daily volume jumped 390% to over $280 million as SXT outpaced top altcoins.

The Space and Time (SXT) price rose sharply on Wednesday as the zero-knowledge proofs blockchain for data struck a major partnership with Microsoft.

Daily volume exploded 390% to over $280 million, while the cryptocurrency’s market cap edged to near $200 million.

The cryptocurrency ranked among the best performers on the day, topping the list of gainers by 24-hour gains in the top 500 coins by market cap.

Per data from Coinglass, the open interest in the Space and Time token is up 117%.

Why did the SXT crypto price surge today?

SXT price reached highs of $0.15, surging by more than 33% in the past 24 hours.

Gains saw the altcoin bounce off its recently hit all-time low of $0.10.

The downside to the new low happened as the broader crypto market witnessed a bout of volatility, with Bitcoin price dumping to under $103k before rallying sharply to retest the $107k level.

This action also cascaded into top altcoins, and smaller coins such as Space and Time exploded.

SXT, however, had another likely catalyst fueling its upsurge.

A major announcement from tech giant Microsoft provided the tailwinds, specifically in the form of Microsoft’s integration of the Space and Time blockchain with the US-based computing giant’s analytics platform Fabric.

Integration will see Microsoft add real-time data feeds to the Microsoft Fabric network.

This collaboration builds on Space and Time’s milestone of getting capital backing from M12 – Microsoft’s venture arm.

Space and Time network growth

The integration speaks to the growing traction for Space and Time.

Now, such ecosystem users can easily leverage Fabric to access the ZK-proven platform’s indexed data.

Initial support includes top blockchain networks like Bitcoin, Sui, and Ethereum.

Developers will tap into this capability via the cloud data storage solution Azure OneLake.

“We’re thrilled to expand our collaboration with Microsoft to provide verifiable blockchain data to enterprises, institutions, and developers building on Fabric,” said Nate Holiday, the co-founder of Space and Time and CEO of MakeInfinite Labs, an original contributor to Space and Time.

“This integration enables a wealth of new data-driven use cases across financial services, Web3 apps, and AI to be built on Microsoft technology,” Holiday added.

Integration with Microsoft Fabric comes a few days after Space and Time unveiled its mainnet.

The native token SXT jumped to an all-time high above $0.18 on May 8, 2025. While price has since dipped slightly, the current SXT value is only 25% off that peak.

Space and Time raised $20 million in a Series A funding round led by M12 in 2022.

The post Space and Time token SXT pumps 33% amid key Microsoft integration appeared first on CoinJournal.