Schlagwort: crypto markets

Veröffentlicht am

Hyperliquid (HYPE) is up 21% in August, but can it sustain the rally?

  • Hyperliquid hits $3B daily spot volume, $87M monthly revenue.
  • Hyperliquid now controls nearly 80% of the decentralised perpetuals market.
  • However, risks like validator centralisation and volume dependence still persist.

Hyperliquid’s native token HYPE has climbed 21.7% so far in August, cementing its position among the best-performing large-cap cryptocurrencies.

At around $45, the token is just below its July all-time high of $49.75, while daily trading volumes continue to surge.

The question many investors are asking is whether this momentum can last, or if the rally risks losing steam as broader market conditions shift.

Momentum builds on strong fundamentals

Unlike most altcoins that struggled during this month’s market pullback, HYPE has remained resilient.

While Bitcoin slipped back to $111,000 from a $117,000 peak after Jerome Powell hinted at possible rate cuts in September, Hyperliquid’s numbers kept growing.

Spot trading on the platform hit a record $3 billion in a single day, including $1.5 billion in Bitcoin alone, making it the second-largest venue for spot BTC trading across both centralised and decentralised exchanges.

At the same time, the exchange generated $93.5 million in fees and nearly $87 million in revenue this month, marking its strongest month on record.

These metrics highlight a platform that is not only attracting traders but also converting activity into substantial cash flow. This contrasts with rivals that often struggle to scale revenues despite surging volumes.

A rising star in the perpetual futures market

Hyperliquid’s rapid rise has also been fueled by its dominance in decentralised perpetuals, where it now controls close to 80% of the market.

On the broader decentralised exchanges category, Hyperliquid controls 18.4%, the largest market share, according to data from Coingecko.

At its peak, the platform processed as much as $30 billion in daily trades, a level that only a handful of decentralised exchanges have ever reached.

The exchange’s success comes from a combination of technical efficiency, including sub-second finality through its HyperBFT consensus, and a community-first approach with fee-sharing incentives for traders and developers.

The strategy has allowed Hyperliquid to eclipse established rivals such as dYdX, which saw its market share shrink from 30% at the start of 2024 to just 7% by year-end.

Today, Hyperliquid’s trading share has stabilised above 65% and at times touched 80%, cementing its position as the leading decentralised exchange for perpetuals.

Big predictions, bigger risks

The platform’s rise has not gone unnoticed. During a keynote at WebX Tokyo, BitMEX co-founder Arthur Hayes predicted HYPE could climb 126 times over the next three years if its fee revenue scales from $1.2 billion to more than $250 billion.

Markets reacted quickly, with HYPE’s price briefly spiking and trading volume surging more than 60% in 24 hours.

Still, Hayes himself admits his bold calls are only right about a quarter of the time. Analysts have also cautioned that Hyperliquid faces risks.

The platform relies heavily on sustained trading volumes, leaving it vulnerable to downturns in a prolonged bear market.

With only 16 validators, concerns around centralisation and transparency remain.

A lack of open-source code and reliance on a small team also expose it to execution risks.

Can the Hyperliquid price rally last?

For now, HYPE’s fundamentals appear strong enough to support its recent rally.

Its growing fee revenue, record spot volumes, and overwhelming market share in perpetual futures point to a platform that is executing with remarkable precision.

Valuation estimates from OAK Research put HYPE’s fair value between $32 and $49, suggesting it is trading near the higher end of conservative models but not wildly overstretched.

Whether the rally can extend depends on broader market conditions and Hyperliquid’s ability to manage its risks.

If on-chain trading continues to grow and the platform sustains its current pace of adoption, HYPE may well have room to climb higher.

The post Hyperliquid (HYPE) is up 21% in August, but can it sustain the rally? appeared first on CoinJournal.

Veröffentlicht am

Ontology price skyrockets 55% to hit six-month high

  • Ontology price rose more than 50% to lead the top gainers across crypto.
  • The altcoin gained as Bitcoin and Ethereum dropped, with the ONT price hitting a six-month high.
  • ONT could retreat amid profit-taking.

Ontology has defied broader crypto dumping to skyrocket more than 55% to highs near $0.22, hitting its highest level in six months.

The uptick for Ontology (ONT) comes as the cryptocurrency market witnesses a significant uptick in sell-off pressure, with Bitcoin dropping to under $112k and Ethereum giving up gains after a new all-time high.

But as these top headline makers struggle, ONT is grabbing most attention amid its 55% price surge.

Ontology price spikes 55% to 6-month high

Ontology (ONT) has seen a remarkable 55% price surge, reaching an intraday peak of near $0.22, its highest level in six months.

The altcoin traded at lows of $0.13 in the morning session, but marched higher to reach levels seen at the start of February 2025.

With trading volume soaring by over 4,600% to more than $337 million, Ontology price stands out as one of the outperformers on the day.

As BTC and ETH pare gains, Ontology’s 24-hour gains come amid heightened activity around the decentralised identity protocol’s native token.

Mainstream adoption of artificial intelligence and blockchain has Ontology’s infrastructure for decentralised identity and data privacy, drawing significant interest.

The project’s focus on regulatory compliance for digital identity solutions and blockchain interoperability is a key cog in its adoption curve.

Analysts predict ONT could benefit from this outlook to target more gains.

Ontology price forecast: What’s the technical picture?

The price of Ontology breaking out as the rest of the market fights to hold onto recent gains suggests holders may have to deal with incoming downside pressure.

ONT going vertical will welcome a pullback, likely to a demand reload zone.

However, open interest in ONT has increased by over 617% to nearly $60 million.

This indicates trader confidence and speculative interest amid the token’s upward trajectory.

Ontology’s price outlook as open interest rises, combined with high trading volumes, suggests a potential bullish continuation.

Ontology Price Chart
ONT price chart by TradingView

From a technical perspective, ONT is trading Relative Strength Index (RSI) on the daily chart at 81.

RSI at these levels shows the asset firmly in the overbought territory and thus leaning toward a reversal.

The Moving Average Convergence Divergence (MACD), however, shows a bullish crossover, indicating bulls have the upper hand and that a sustained rally may yet unfold if a retest allows buyers to establish a footing at key support levels.

On the daily chart, these areas lie around $0.20 and $0.17.

On the flipside, a break above $0.27 will allow buyers to aim for $0.40.

The post Ontology price skyrockets 55% to hit six-month high appeared first on CoinJournal.

Veröffentlicht am

What sparked the sudden crypto market surge?

  • Crypto market cap has rebounded above $4T after Fed rate-cut signals.
  • Bitcoin reserve proposals boost confidence in digital assets.
  • Ethereum and Chainlink lead altcoin rally with double-digit gains.

The cryptocurrency market has staged a remarkable rebound, with total market capitalisation climbing more than 5% in the past 24 hours to reclaim the $4.01 trillion level.

Ethereum (ETH) has emerged as the standout performer among the top ten digital assets by market cap, soaring by 13.12%.

Chainlink (LINK) has also drawn attention with a rise of 10.37%, showing strong investor appetite for altcoins as momentum builds across the sector.

Fed shift fuels optimism

One of the biggest drivers behind the surge came from comments by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

Powell signalled that economic conditions may justify an interest-rate cut in September, reversing the hawkish stance that had weighed on markets for months.

Traders quickly interpreted this as a dovish pivot, sparking renewed appetite for risk assets.

Bitcoin (BTC) surged from local lows of $111,658 to above $116,000 within minutes of Powell’s remarks, setting the tone for the broader crypto market.

Lower interest rates generally encourage investors to move capital into higher-yielding assets, and cryptocurrencies are often prime beneficiaries of such flows.

The dollar weakened on Powell’s comments, adding to bullish sentiment across digital markets.

This macro backdrop provided the ideal setup for both Bitcoin and altcoins to rally in tandem, lifting total market capitalisation firmly back into the $4 trillion range.

Bitcoin reserves narrative builds

Another key factor has been the growing momentum around the idea of governments holding Bitcoin as a strategic reserve.

Most recently, the Philippines has introduced a bill to create a Bitcoin reserve, following similar proposals in the United States.

This development reinforced the narrative of Bitcoin’s institutional role in global finance and gave investors another reason to build exposure.

Market observers note that such proposals carry symbolic weight, even before they become policy.

They demonstrate that Bitcoin is increasingly being viewed not just as a speculative asset but as part of a broader macroeconomic conversation.

This narrative helped underpin the recovery in Bitcoin’s price while supporting the rally in altcoins tied to sovereign and institutional themes.

Altcoins take the spotlight

While Bitcoin’s rebound grabbed headlines, much of the excitement has come from the altcoin space.

The Altcoin Season Index has climbed sharply, reflecting a rotation of capital from Bitcoin into higher-beta assets.

ETH has broken through key resistance levels, while the likes of LINK have posted impressive gains.

Solana (SOL) and Binance Coin (BNB) have also posted strong gains, with traders positioning for extended rallies if momentum continues.

This rotation indicates a willingness among investors to take on more risk, a trend often seen during bullish phases of the market.

Although derivatives open interest has fallen, suggesting cautious leverage, spot buying has remained robust.

The move into altcoins highlights growing confidence that the rally is not confined to Bitcoin alone but is part of a broader recovery story.

Crypto market outlook

The sharp recovery in the crypto market underscores how sensitive digital assets remain to global economic cues.

Powell’s dovish shift, coupled with rising momentum behind Bitcoin’s reserve narrative, created the perfect storm for a swift surge.

The alignment with equity markets, particularly the Nasdaq-100, further amplified the move, as correlations between crypto and traditional risk assets strengthened.

For now, the return of the market cap above $4 trillion offers a strong signal of resilience. With altcoins leading gains, investors are watching closely to see whether the rally extends or faces resistance at higher levels.

However, much will depend on whether the Fed follows through with an actual rate cut in September and whether the Bitcoin reserve debate gains traction in the coming weeks.

The post What sparked the sudden crypto market surge? appeared first on CoinJournal.

Veröffentlicht am

TON gains momentum with $780 million treasury and Ledger staking integration

  • Verb holds $713 million in Toncoin and $67 million in cash reserves.
  • Ledger Live integration allows TON staking from just 10 tokens.
  • TON Sharpe ratio turned positive in August, indicating momentum.

The Open Network (TON) has seen a surge in institutional and retail interest, marked by a series of developments that could strengthen its position in the cryptocurrency market.

A new $780 million treasury declaration by Verb Technology Company, an expanded staking service via Ledger Live, and improving on-chain indicators are creating conditions that some analysts suggest may fuel the blockchain’s next major growth phase.

These events follow an earlier $558 million private placement and Telegram’s exclusive adoption of TON for its applications, highlighting the scale of resources and demand converging around the network.

Verb Technology shifts strategy with $780 million treasury

Verb Technology Company announced treasury assets exceeding $780 million, which include $713 million in Toncoin and $67 million in cash.

The company, soon to be renamed Ton Strategy Company, became the first publicly traded entity to use Toncoin as its primary treasury reserve asset.

The disclosure came just days after the firm’s $558 million private placement earlier this month, supported by more than 110 institutional and crypto-native investors. Most of the proceeds were directed into Toncoin purchases.

Verb has also stated it aims to accumulate over 5% of TON’s circulating supply while steadily increasing Toncoin per share through reinvested cash flows, staking rewards, and treasury management.

Ledger Live expands access to TON staking

In parallel, staking service provider P2P.org revealed the launch of native TON staking within Ledger Live.

This development makes staking accessible to millions of Ledger hardware wallet users, providing secure and non-custodial participation in the network.

The validator-led solution marks the first of its kind inside Ledger Live. It lowers the minimum entry requirement to 10 TON, a significant reduction from the native 300,000 TON threshold.

Users benefit from institutional-grade security standards after audits by Quantstamp and Trail of Bits.

The integration also enables staking or unstaking with activation and withdrawal times as short as 36 hours, while returns are currently tracking around 4.7% annually.

On-chain indicators reflect strengthening market position

Data from CryptoQuant shows TON’s Sharpe ratio flipped from negative to positive in August, signalling an improvement in risk-adjusted returns.

This is historically seen as a measure of sustained momentum.

Alongside this, metrics such as daily active addresses are showing growth, adding to the perception of building traction across the network.

Crypto analyst Crash posted on X that TON could be the driver of the next wave of crypto wealth, stating, “The next fresh class of crypto millionaires will be made on TON. Not Solana or Ethereum.”

Telegram integration boosts TON’s mainstream use

Beyond financial and technical growth, Telegram has integrated TON as the exclusive blockchain for Mini Apps, wallets, and payments across its platform, which has more than one billion users worldwide.

This step provides TON with exposure unmatched by most other layer-1 blockchains, anchoring it firmly in the mainstream digital ecosystem.

The combination of a substantial treasury base, broader retail staking access, and integration into one of the world’s largest messaging platforms positions TON for sustained expansion.

The post TON gains momentum with $780 million treasury and Ledger staking integration appeared first on CoinJournal.

Veröffentlicht am

Verb Technology confirms $713M TON stake after $558M private placement

  • Its treasury has surpassed $780M, comprising $713M in Toncoin and cash worth $67M.
  • The milestone comes after a $558M private placement completed early this month.
  • Verb aims to accumulate 5% of Toncoin’s circulating supply.

Institutional players dominate market trends with dib-buying activities after the current broad market decline.

NASDAQ-listed Verb Technology, which will soon rebrand to Ton Strategy Company, has revealed a key milestone that aligns its vision with the Telegram-based blockchain.

The livestreaming firm has disclosed that its treasury assets have surpassed $780 million, with the Open Network’s native token accounting for the most at $713 million.

It holds the remaining $67 million in cash.

The development has attracted attention as it follows Verb’s $558 million private placement early this month.

The fundraising drew crypto-oriented investors and over 110 institutions, confirming trust in Verb’s digital asset strategy and the Toncoin project.

Commenting on the milestone, Verb’s Executive Chairman Manuel Stotz stated:

Crossing $780 million in assets just days after our private placement reflects the conviction behind $TON. This is more than building a balance sheet; it’s about contributing to the security of TON blockchain – where participants can build, transact, and benefit directly from the underlying financial protocols.

Verb eyes 5% of Toncoin’s supply

Verb Technology plans to be the central player in the Open Network ecosystem.

It plans to acquire over 5% of Toncoin’s circulating supply (currently at 2.56 billion tokens).

That would make Verb a top participant in securing the TON blockchain.

Moreover, the company plans to add its Toncoin balance on a per-share basis over time, leveraging staking rewards, disciplined market activity, and cash flow reinvestment.

That would ensure Verb’s active participation in supporting the platform’s infrastructure while benefiting from maximized returns.

Stotz added:

By becoming the first and largest publicly traded treasury reserve of TON, VERN is not just holding TON on its balance sheet – we are helping to strengthen the economic foundation of the network itself.

TON and potential

Verb Technology isn’t zeroing in on a random digital asset.

Toncoin remains the first coin to receive support from a leading social site.

Dogecoin appears to have failed in its fight to become X’s (formerly Twitter) payment token.

Telegram, the leading messaging platform with around 1 billion active users per month, collaborated with the Ton Foundation to make Toncoin the sole asset powering its ecosystem.

The integration enriched the alt’s utility, now the backbone for payments, wallets, and emerging decentralized applications (dApps) within Telegram.

The use cases likely elevated TON’s institutional appeal.

Recently, Coinbase Ventures endorsed Toncoin as the ideal token for fueling cryptocurrency adoption.

Toncoin price action

The alt trades at $3.30, reflecting the prevailing broad market declines.

Meanwhile, the minor 0.71% price increase signals a possible momentum shift as the community digests Verb’s updates.

Toncoin Price Chart on Coinmarketcap

TON could see brief gains in the near term, but the broad market outlook suggests short-lived gains.

Nonetheless, institutional interest positions Toncoin for impressive growth and price performance in the coming months and years.

The post Verb Technology confirms $713M TON stake after $558M private placement appeared first on CoinJournal.