Key takeawaysThe Pi Core Team introduced Protocol 27 on the Pi Testnet, enabling preparations for advanced smart contract authentication.A mainnet upgrade to Protocol 27 is scheduled for September 15.PI faces resistance at $0.1022, with a breakout potentially opening a move toward $0.1204.Pi Network is trading lower on Monday following a gain of more than 6% last week, with its price hovering around $0.0880.The cryptocurrency remains above the $0.0800 level but continues to face resistance below $0.1000.Despite the recent advance, momentum indicators suggest that PI has not yet developed sufficient buying pressure to sustain a breakout.The mixed technical outlook comes as developers prepare a network upgrade that could introduce additional authentication capabilities for applications and transactions.Pi Core team introduces protocol 27 on testnetThe Pi Core Team announced Saturday that it had released Protocol 27 on the Pi Testnet. Pi Network is built on the Stellar Consensus Protocol, and the update incorporates the latest Stellar network protocol into its testing environment.According to the Pi Core Team’s announcement, Protocol 27 will support new smart contract authentication capabilities.The upgrade is intended to provide more advanced methods for applications and users to authenticate transactions.Introducing the protocol on the testnet allows developers to evaluate its functionality before deployment on Pi Network’s mainnet.The Pi Core Team is targeting September 15 for the mainnet rollout of Protocol 27. Once activated, the upgrade could expand the authentication options available to applications operating on the network.The update represents a potential technical catalyst for PI, although its immediate effect on the token’s price remains uncertain.Market participants are likely to monitor progress toward the September deadline alongside broader cryptocurrency market conditions.PI remains trapped below the $0.1022 resistancePi Network is consolidating between technical levels associated with its previous decline from $0.1341 to $0.0703.Immediate support sits near $0.0853, while the main upside barrier is located at $0.1022.The $0.1000 psychological level also remains an important threshold for buyers. A confirmed breakout above $0.1022 would signal improving momentum and could open the path toward the next major resistance level at $0.1204.However, PI remains below these levels, suggesting that buyers have yet to establish control.The daily Moving Average Convergence Divergence indicator remains slightly positive and above its signal line.This suggests that some underlying buying demand is still present, although the signal is not strong enough to confirm a sustained rally.Meanwhile, the Relative Strength Index stands near 48, indicating broadly neutral market conditions.An RSI reading near 50 typically suggests that neither buyers nor sellers have a clear advantage.Together, these indicators support the possibility that PI will continue consolidating until a stronger catalyst pushes the price beyond its current range.PI/USD 4H ChartThe first significant support level for PI is $0.0853. A break below this area could expose the rising trendline near $0.0785.If selling pressure intensifies, the token could revisit its previous swing low at $0.0703.For now, PI’s near-term direction depends on whether buyers can defend the $0.0853 support area and build sufficient momentum to challenge resistance near $0.1000 and $0.1022.The post Pi consolidates below $0.10 as Protocol 27 mainnet upgrade approaches appeared first on CoinJournal.

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Key takeawaysBitcoin trades around $77,000 after gaining more than 23% last week, its strongest weekly performance since March 2023.Investors realized $1.72 billion in profits on Friday, the highest daily total since November 2024.US spot Bitcoin ETFs attracted $1.92 billion in weekly inflows, their strongest showing since October 2025.BTC faces immediate resistance at $78,490 and $80,000, with additional upside targets at $81,059, $87,599 and $88,990.Bitcoin is trading around $77,000 on Monday after surging more than 23% last week, its strongest weekly gain since mid-March 2023.The rally followed the US Treasury’s announcement that it would expand its debt buyback operations, improving sentiment across cryptocurrency markets.Strong institutional demand also supported the advance, with US spot Bitcoin exchange-traded funds recording their largest weekly inflows since October 2025.However, on-chain data suggests some investors are taking profits as BTC approaches the psychologically important $80,000 level.That selling activity could result in a temporary consolidation phase or a short-term pullback before Bitcoin attempts another move higher.Bitcoin investors realize $1.72 billion in daily profitsCryptoQuant data shows Bitcoin holders realized approximately $1.72 billion in profits on Friday.The figure marked the highest daily realized profit total since late November 2024. Last week’s rapid price increase moved many investors back into profitable territory, encouraging some holders to sell and secure their gains.Historically, sharp increases in realized profits can precede a period of consolidation or a temporary correction as additional supply enters the market.The profit-taking does not necessarily signal the end of Bitcoin’s broader recovery. However, it does indicate that the market may face increased selling pressure near major resistance levels.Despite the increase in profit-taking, Bitcoin’s underlying spot demand has improved. CryptoQuant’s apparent demand metric has moved into positive territory after remaining negative since late February.The shift suggests net buying interest has strengthened, potentially providing support even as some investors reduce their positions.A sustained improvement in spot demand would help offset selling pressure and support the case for a continuation of Bitcoin’s rally.However, traders will be watching whether buyers can maintain that momentum while BTC consolidates below $80,000.Institutional investors played a significant role in last week’s price advance. US spot Bitcoin ETFs recorded approximately $1.92 billion in net inflows, according to SoSoValue data.The figure represented the highest weekly inflow so far this year and the strongest since mid-October 2025.Continued inflows could provide additional support for Bitcoin as it attempts to overcome nearby resistance.Conversely, a slowdown in institutional demand may make it more difficult for BTC to sustain its recent gains, particularly while short-term momentum appears stretched.BTC caces immediate resistance at $78,490Bitcoin recently tested the 61.8% Fibonacci retracement level at $78,490. The level is derived from the move between the August 2024 low near $49,000 and the October 2025 record high of $126,199.A weekly close above $78,490 would strengthen the bullish technical outlook and could open the way toward the 50-week Simple Moving Average at $81,059.Before reaching that level, Bitcoin must also clear the psychological resistance at $80,000.If buyers push BTC above both barriers, the next major upside target would be the 50% Fibonacci retracement level at $87,599.The 100-week SMA near $88,990 represents another significant resistance level within the same price zone.Bitcoin remains above its 200-week SMA at $64,571 following its recent breakout from a prolonged consolidation phase.The weekly Relative Strength Index stands near 55, comfortably above the neutral level of 50.This reading suggests that momentum has improved without yet reaching an extreme on the weekly timeframe.The…

Bitcoin extended its rally on Tuesday, hitting the $80,000 psychological level for the first time since May 4.The rally comes as improving liquidity expectations continued to lift the broader cryptocurrency market.Bitcoin has gained nearly 30% in the last week, while Ethereum has risen more than 25% and XRP has advanced almost 30%.The rally gained momentum after the U.S. Treasury announced plans to double the size of certain debt buyback operations.The decision eased liquidity concerns and strengthened demand for risk-sensitive assets.With Bitcoin still flying, investors are now watching whether it can extend its rally and reach the $85,000 level.Bitcoin rally persists as Treasury buyback expansion strengthens crypto rallyThe primary catalyst behind Bitcoin’s rally over the past seven days is the U.S. Treasury’s decision to expand its debt buyback program.Larger buybacks can support liquidity in the market for longer-dated Treasury securities, easing financial pressures and encouraging investors to increase their exposure to riskier assets.Major cryptocurrencies including Bitcoin, Ethereum, and XRP responded strongly to the announcement, recording double-digit weekly gains.Short liquidations also accelerated the rally as bearish traders were forced to close their positions, adding further buying pressure.Bitcoin has now hit the $80,000 level on Friday after decisively breaking above its major exponential moving averages.The 200-day EMA stands at $71,545, while the 100-day and 50-day EMAs are located at $66,727 and $65,286, respectively.BTC’s position above all three indicators supports a bullish near-term outlook and suggests the market’s broader technical structure has improved considerably.Market data shows that the current breakout is accompanied by strong trading volume, adding credibility to the latest upward move.If Bitcoin continues to trade above the 200-day EMA, it would reinforce the case for further gains and could establish the level as new support.BTC bulls target the $82,689 resistanceBitcoin’s next major resistance lies near the psychological and horizontal barrier at $82,689.Buyers have pushed Bitcoin’s price past the $80,000 level, ensuring that fresh selling pressure doesn’t dampen the ongoing rally.A decisive break and daily close above the $82,689 barrier would strengthen the bullish outlook and potentially open the way to higher levels.Failure to clear $82,689 could lead to a period of consolidation as traders digest the recent gains.Bitcoin’s momentum indicators remain bullish but increasingly stretched. The relative strength index is hovering near 85, placing BTC firmly in overbought territory.Such a high reading does not guarantee an immediate reversal, but it indicates that the rally may be vulnerable to a corrective pause.The moving average convergence divergence remains strongly positive, showing that upward momentum is still intact.Together, the indicators suggest bulls remain in control, although the risk of short-term profit-taking has increased.If the bears regain control,  initial support sits at the 200-day EMA near $74,700. Holding above this indicator would preserve the immediate bullish structure and could provide a foundation for another attempt at $83,000. BTC/USD 4H ChartA deeper correction could bring the 100-day EMA at $71,545 and the nearby horizontal level at $66,727 into focus.Below that region, the 50-day EMA at $65,286 offers another layer of support, followed by the structural floor at $62,300.A sustained decline below $62,300 would weaken the broader bullish outlook, while continued trading above the 200-day EMA would keep the $80,000 target within reach. The post Breaking: Bitcoin hits $80k for the first time since May as rally continues appeared first on CoinJournal.

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Key takeawaysEthereum has gained 27% in seven days after breaking above $2,000 and triggering substantial short liquidations.Proposed SEC crypto rules and planned Treasury bond buybacks have strengthened risk appetite.Ethereum ETFs attracted more than $1.2 billion in August, their highest monthly inflow since August 2025.Ethereum rallies 27% after breaking above $2,000Ethereum has climbed 27% over the past seven days after moving above the psychologically important $2,000 level. The breakout triggered substantial short liquidations, adding momentum to the rally.Improving regulatory expectations in the United States also supported the broader cryptocurrency market. The Securities and Exchange Commission’s proposed framework for crypto assets could give projects more flexibility to raise capital without following the traditional securities-listing process.Meanwhile, the Treasury Department announced plans to double its bond buybacks beginning in September. The program is expected to inject billions of dollars of liquidity into financial markets, potentially benefiting risk-sensitive assets such as cryptocurrencies.Institutional demand has strengthened alongside the price recovery. Investors poured more than $1.2 billion into Ethereum-linked exchange-traded funds during August, according to SoSoValue.That represents the strongest monthly inflow since August 2025, when ETH reached its latest record high.Crypto market sentiment has also shifted sharply. The Crypto Fear and Greed Index rose from below 40, indicating fear, to 80, representing extreme greed. It is the index’s highest reading since December 2024, when Ethereum traded near $4,000.The change suggests that investors have adopted a more aggressive, risk-on position. However, elevated optimism can also increase the possibility of a short-term correction.Ethereum’s on-chain data supports the improving outlook, but a key volume signal has yet to be triggered.The gap between Ethereum’s seven-day and 30-day trading-volume moving averages has narrowed following renewed buying activity and the recent short squeeze.A crossover in which the seven-day average moves above the 30-day average would provide stronger confirmation of bullish momentum. According to the analysis, this signal has identified the beginning of Ethereum’s previous bullish cycles during the past three years.Until that crossover occurs, the rally still lacks full volume-based confirmation.The successful implementation of Ethereum’s planned Glamsterdam upgrade could become the market’s next major catalyst.A smooth rollout may strengthen confidence in Ethereum’s development roadmap and network capabilities. The upgrade could have an effect similar to the Pectra upgrade in April 2025, which coincided with improving market momentum.Its impact will depend on implementation, adoption and broader financial-market conditions.ETH may retest $2,200 before advancing toward $2,800The weekly Ethereum outlook has shifted from bearish to bullish, with a medium-term target of $2,800. The revised forecast follows an earlier bearish projection of $1,600 for the first half of 2026.A confirmed break above $2,200 is viewed as a potential buy signal. Historical price action suggests ETH could then consolidate between $2,200 and $2,800, resembling the pattern seen at the beginning of the April–May 2025 rally.Momentum indicators nevertheless point to the possibility of a near-term pullback. Ethereum’s weekly Relative Strength Index has reached 88, placing it deep in overbought territory.A correction toward $2,200 would relieve some of that pressure and could establish a stronger base for another advance. Failure to hold that level, however, would weaken the current bullish setup.ETH/USD 4H ChartIf Ethereum holds above $2,200 and subsequently clears the $2,800 resistance level, historical patterns suggest a longer-term target near $5,400.That projection remains conditional rather than guaranteed. Ethereum would need continued ETF demand, supportive liquidity conditions, successful network…

Key takeawaysCardano slipped to around $0.210 after losing more than 7% this week.Whales holding between 10 million and 100 million ADA accumulated 160 million tokens since Sunday.ADA’s long-to-short ratio fell to 0.74, indicating that bearish positions dominate the derivatives market.Cardano is trading at $0.210 on Friday after declining more than 7% since the beginning of the week.Despite the pullback, on-chain data shows that some large investors are accumulating ADA. However, conflicting derivatives and on-chain signals suggest traders remain uncertain about whether the cryptocurrency can recover or extend its decline.Cardano whales accumulate 160 million ADASantiment’s Supply Distribution data shows that large Cardano holders have been buying ADA during the latest price correction.Wallets holding between 10 million and 100 million ADA accumulated approximately 160 million tokens since Sunday. The purchases indicate that some whales continue to view the lower prices as a long-term buying opportunity.However, the accumulation has yet to generate enough demand to reverse ADA’s short-term decline.Whale buying during a pullback can support a positive longer-term outlook, but it does not guarantee an immediate recovery—particularly when broader market sentiment remains cautious.Cardano’s derivatives indicators present a mixed outlook. CoinGlass data shows that ADA’s long-to-short ratio stood at 0.90 on Friday, approaching its lowest level in more than a month. A ratio below one indicates that more traders hold short positions than long positions, reflecting expectations of further price declines.The reading suggests that bearish traders continue to dominate the derivatives market despite the recent accumulation by whales.ADA’s funding rate paints a slightly more optimistic picture. CoinGlass data shows that the token’s open interest-weighted funding rate turned positive on Thursday and reached 0.0013% on Friday.A positive funding rate means traders holding long positions are paying those with short positions. This typically indicates that bullish positions are becoming more prominent, even though the long-to-short ratio continues to favor sellers.The divergence between the two indicators highlights the uncertainty surrounding Cardano’s near-term direction.CryptoQuant’s summary data supports this cautious view. Although the futures market has recorded large whale orders, selling activity remains dominant, while several other indicators are neutral.Together, the metrics point to indecision rather than a clear bullish or bearish trend.Cardano holds above key moving averagesADA traded around $0.210 on Friday after losing more than 7% during the week. Despite the decline, Cardano remains above its 50-day and 100-day Exponential Moving Averages at $0.190 and $0.197, respectively. Holding above these averages gives ADA a slightly bullish short-term bias, although the token continues to trade below significant overhead resistance.Momentum indicators are also cooling. The Relative Strength Index has retreated toward the upper-50 region, while the Moving Average Convergence Divergence histogram is contracting.These readings suggest that the buying momentum behind Cardano’s recent rebound is weakening.Cardano’s first major resistance sits at $0.213, corresponding with the 50% Fibonacci retracement level of its latest decline.A close above this level could allow ADA to target the 61.8% Fibonacci retracement at $0.231, followed by horizontal resistance at $0.236.Beyond those levels, ADA faces a significant supply zone between the $0.245 horizontal resistance and the 200-day EMA at $0.246. A decisive break above this area would strengthen the bullish outlook and potentially clear the way for further gains.On the downside, immediate support sits near the 38.2% Fibonacci retracement level at $0.195.ADA/USD 4H ChartThis region is reinforced by the 50-day and 100-day EMAs, making it an important support cluster for Cardano bulls. A sustained close below it could expose the 23.6% Fibonacci retracement…

KuCoin adds UTA support to its institutional lending program.New API clients face a lower 30-day volume requirement of 10M USDT.Eligible institutions can borrow up to 3M USDT across key products.KuCoin has upgraded its Institutional Interest-Free Lending Program by integrating support for its Unified Trading Account (UTA), as the crypto platform looks to streamline capital management for institutional clients.The upgrade reduces the qualifying external 30-day trading-volume requirement for newly registered API clients from 30 million USDT to 10 million USDT.Eligible clients can also access 0% interest for the first two months without a trading-volume requirement.Under the upgraded program, eligible institutional clients can borrow up to 3 million USDT.Borrowed funds can be used across Spot, Margin, and Futures trading, while borrowing is available in USDT, USDC, Bitcoin, and Ethereum.KuCoin integrates lending with unified accountsThe integration is designed to reduce capital fragmentation between separate trading accounts.KuCoin said institutions operating across multiple products and strategies can face higher costs and operational friction when capital is divided between accounts.UTA provides eligible users with a single account structure for managing capital across supported trading products.With institutional lending integrated into the framework, borrowed funds can be deployed across Spot, Margin and Futures without requiring transfers between separate trading accounts.The setup is intended to bring financing closer to execution and allow professional trading teams to deploy collateral and capital more efficiently.KuCoin said the upgraded infrastructure is focused on how institutions access, manage, and deploy digital assets across different trading strategies.Lending program expands from targeted creditKuCoin introduced targeted interest-free credit in 2024, initially offering eligible API traders and quantitative teams access to up to 500,000 USDT alongside benefits including fee support, enhanced connectivity, higher API limits and technical assistance.In 2025, the borrowing limit increased to 3 million USDT.The program also added support for multiple borrowing assets and allowed clients to combine funds from sub-accounts as margin across eligible products.The 2026 upgrade represents the latest stage of the program’s development, moving beyond targeted credit support toward a more integrated institutional capital infrastructure, according to the company.The latest changes also lower the entry requirement for newly registered API clients, potentially expanding access to the lending program.KuCoin highlights capital efficiency for institutionsAlison Qin, Head of KuCoin Institutional & VIP, said professional market participants require flexible and capital-efficient access to liquidity.She added that institutional lending infrastructure needs to combine financing at scale with tailored terms and competitive pricing to support sophisticated trading strategies.Qin said integrating lending with UTA brings capital closer to the accounts and products used for those strategies, while helping clients maintain control over execution and risk.The company said the upgrade forms part of its broader product development strategy, connecting financing, account infrastructure and execution for institutional users participating in the digital asset market.Founded in 2017, KuCoin said it serves more than 45 million users across more than 200 countries and regions.The platform provides access to more than 1,500 digital assets and said it has built a compliance framework that includes AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets. The post KuCoin upgrades institutional lending with unified trading account support appeared first on CoinJournal.

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REAL Finance expands $ASSET access to eligible Kraken EU users.$ASSET supports fees, staking, security, and governance on REAL Finance.REAL Finance targets over €3.5 billion in assets for European tokenization.REAL Finance has expanded access to its native $ASSET token in Europe after the token became available to eligible users through Kraken EU.The move gives European participants broader access to the token as REAL Finance continues developing infrastructure for tokenized real-world financial assets.The Sofia, Bulgaria-based company said the expanded availability builds on $ASSET’s existing presence on Kraken and extends access through the exchange’s European Union operations.$ASSET serves several functions within the REAL Finance network.The token is used to pay transaction fees, participate in staking, support network security, and take part in onchain governance.The expansion comes as demand for infrastructure supporting tokenized financial assets develops across European markets.Network targets institutional RWA marketREAL Finance is developing a Layer 1 blockchain focused on tokenized real-world financial assets.Its infrastructure is designed to support financial products throughout their lifecycle, including issuance, management, distribution and settlement.The network is also working with regulated financial institutions and infrastructure providers as it builds its European institutional ecosystem.One of its partners is Wiener Privatbank, an Austrian bank regulated by the Austrian Financial Market Authority (FMA).According to REAL Finance, Wiener Privatbank supports custody, reserve management, asset structuring and institutional distribution within the ecosystem.The companies are targeting more than €3.5 billion in assets for tokenization through the REAL Finance ecosystem.The project’s broader infrastructure is intended to connect regulated financial institutions, custodians and other counterparties with blockchain-based financial markets.For REAL Finance, the listing on Kraken EU provides another route for eligible European users to access $ASSET while the company works to expand the institutional applications of its blockchain infrastructure.REAL Finance focuses on Onchain Capital MarketsREAL Finance CEO Ivo Grigorov said Europe remains an important market for the company as it develops infrastructure connecting regulated institutions with blockchain-based capital markets.“Europe is a key market for REAL Finance as we build the infrastructure connecting regulated financial institutions with onchain capital markets,” said Grigorov. “Expanding access to $ASSET through Kraken EU gives more participants in the region a way to engage with the network as that institutional ecosystem grows.”The company said its infrastructure covers tokenized financial assets from issuance and custody through settlement and potential secondary-market utility.The broader focus is on creating an institutional onchain capital markets ecosystem for the tokenization, management and settlement of real-world financial assets.With $ASSET now available to eligible users through Kraken EU, REAL Finance is seeking to combine greater token accessibility with the continued development of its European institutional network.The company’s strategy remains centered on bringing regulated financial assets and associated capital-market activities onchain.The post REAL Finance expands Europe access as $ASSET goes live on Kraken EU appeared first on CoinJournal.

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Monero uses ring signatures, stealth addresses, and confidential transactions to break that link.Swapping Bitcoin to Monero is a routine operation that takes minutes.When you convert BTC to Monero, you are moving from an asset that publishes your activity to one that does not.Bitcoin and Monero solve different problems. Bitcoin is a transparent ledger where every transaction is permanently public. Monero conceals sender, receiver, and amount by default.Moving value between them is a common operation, and this guide covers how it works, what it costs, and where the pitfalls are.Understanding what changes when you swapWhen you hold Bitcoin, anyone who knows one of your addresses can trace its full history: where the coins came from, where they went, and how much you hold.That is not a flaw; it is how Bitcoin establishes consensus without a trusted third party. But it does mean your financial activity is public by default.Monero uses ring signatures, stealth addresses, and confidential transactions to break that link.Balances are not publicly readable, and an observer cannot pick out which participant in a transaction actually spent.Monero’s own documentation describes this as plausible deniability rather than an absolute guarantee, which is the honest way to put it.When you convert BTC to Monero, you are moving from an asset that publishes your activity to one that does not.Custodial versus non-custodial routesThis distinction determines almost everything about the experience, so it is worth being precise about it.A custodial exchange takes possession of your Bitcoin, credits an internal account, executes the trade on its own books, and lets you withdraw. During that window the exchange holds your funds.This requires an account, identity verification, and trust that the venue stays solvent and operational. Many custodial venues have also stopped supporting Monero entirely.A non-custodial swap does not hold a balance for you. You send Bitcoin to a one-time deposit address, the service routes the trade through its liquidity, and Monero is delivered to the address you specified.There is no account, no stored balance, and no withdrawal step. Platforms such as GhostSwap operate on this model across roughly 1,600 assets.The mechanics, in orderA non-custodial swap has five inputs and takes around eight minutes once your deposit confirms.Select the pair: Bitcoin in, Monero out.Choose a floating or fixed rate. Floating settles at market on arrival. Fixed locks the rate for a small premium and is worth it on larger amounts.Enter the Monero address that will receive the funds.Enter a refund address. If the swap cannot complete, this is where your Bitcoin returns automatically.Send your Bitcoin to the deposit address and wait for confirmation.The reverse works the same way if you later want to swap Monero back to Bitcoin, which is a common pattern for people who hold privacy assets and periodically rotate back into a more liquid asset.Costs, and where they hideThere are two separate costs and conflating them is the usual mistake. The service fee is quoted upfront and is typically a small percentage of the trade.Network fees are charged by the Bitcoin and Monero networks themselves and vary with congestion.On small swaps during busy periods, network fees can exceed the service fee. Always read the total quote rather than the headline percentage.Fixed-rate swaps carry a slightly worse rate than floating in exchange for certainty.On a small trade that premium is usually not worth paying. On a large one, protecting against a move during confirmation usually is.Practical cautionsAddress accuracy is critical. Monero addresses are long, and blockchain transactions are irreversible. Copy and paste, then verify the first and last several characters.Set the refund address every time. It costs nothing, and it is the difference between an automatic return and a support conversation.Understand the compliance exception. Non-custodial services route through licensed liquidity providers who screen incoming…

Key takeawaysShiba Inu trades near $0.00000516 after rebounding almost 4% earlier this week.Whale wallets holding between 1 million and 100 million SHIB have sold a combined 40 billion tokens since August 22.Smaller whales accumulated 990 million SHIB over the same period.SHIB’s long-to-short ratio of 0.93 signals bearish positioning in the derivatives market.Shiba Inu traded around $0.00000516 on Wednesday after recovering nearly 4% earlier in the week.Despite the rebound, whale selling and weakening derivatives data suggest that traders remain cautious about the dog-themed memecoin’s short-term outlook.SHIB continues to hold above its 50-day exponential moving average, but growing selling pressure could increase the risk of another decline.Large SHIB whales reduce their holdingsSantiment’s Supply Distribution data signals a bearish shift among some of Shiba Inu’s largest holders.Wallets containing between 1 million and 10 million SHIB and those holding between 10 million and 100 million tokens have collectively sold 40 billion SHIB since August 22.The selling followed SHIB’s recent price recovery and may indicate that larger holders are taking profits rather than positioning for an immediate extension of the rally.Sustained whale distribution could place additional supply on the market and make it more difficult for SHIB to maintain its upward momentum.While larger wallets reduced their positions, smaller whales moved in the opposite direction.Addresses holding between 100,000 and 1 million SHIB accumulated approximately 990 million tokens during the same period.The contrasting behavior indicates a transfer of supply from larger holders to smaller participants. However, the amount accumulated by smaller whales remains substantially below the 40 billion SHIB sold by the larger groups.This imbalance suggests that new demand may not be strong enough to fully absorb the tokens being distributed by bigger holders.Shiba Inu’s derivatives market also points to cautious sentiment. CoinGlass data showed that SHIB’s long-to-short ratio stood at 0.93 on Wednesday. A reading below 1 means short positions outnumber long positions, indicating that more traders expect the token’s price to fall.CryptoQuant’s data presents a similarly cautious picture. SHIB’s spot and futures markets are showing signs of heightened activity, while the futures market has recorded large whale orders following the recent price increase.Other indicators remain neutral, leaving the broader outlook mixed rather than decisively bearish.SHIB rebounds from the 50-day EMASHIB’s nearly 4% recovery followed a retest of its 50-day EMA near $0.00000489. This moving average is currently the token’s most important near-term support. Its ability to attract buyers during the recent decline suggests that demand remains present at lower levels.If SHIB holds above this support and buying pressure increases, the recovery could extend toward the 200-day EMA at $0.00000569.A breakout above the 200-day EMA would strengthen the bullish case and could encourage traders to target higher resistance levels.Shiba Inu’s momentum indicators reflect uncertainty among traders. The Relative Strength Index stands at 54 on the daily chart and continues to rise. Its position above the neutral level of 50 indicates that bullish momentum is gradually improving.However, the Moving Average Convergence Divergence indicator produced a bearish crossover on Sunday. Expanding red histogram bars also suggest that downward momentum remains active.The disagreement between the RSI and MACD supports a cautious outlook as SHIB consolidates between its key moving averages.SHIB/USD 4H ChartIf selling pressure increases, SHIB could fall back toward the 50-day EMA at $0.00000489.A decisive daily close below this level would weaken the recovery and could expose the token to a deeper correction.Conversely, continued support above the 50-day EMA could allow buyers to challenge the 200-day EMA at $0.00000569.SHIB’s next significant move will likely depend on whether…

Flowra and KorDA will explore gold-backed collateral for Solana validators.KGLD could help secure SOL for a proposed validator delegation program.The 12-month MOU remains subject to regulatory review and due diligence.Flowra Ltd. and Korea Gold Exchange Digital Asset Co., Ltd. (KorDA) have signed a memorandum of understanding (MOU) to explore using gold-backed digital assets to support Solana validator infrastructure.The partnership will examine whether KGLD, a gold-backed digital asset held or managed by KorDA or an authorized affiliate, could be used as collateral to secure SOL.The companies said the SOL could then be delegated to Solana validators through Flowra’s infrastructure, potentially creating a link between tokenized gold and the operation of the Solana network.The MOU, signed in Seoul, has an initial 12-month term.During that period, the companies will evaluate the proposed structure, potential counterparties, and the requirements for launching a delegation program.Gold-backed assets could support SOLUnder the proposed model, Flowra and KorDA would explore sourcing SOL from the Solana Foundation, exchanges, institutional investors, lending providers, and other large SOL holders.The companies are also considering the Flowra-KorDA Delegation Program (FKDP), which would allocate sourced SOL to eligible Solana validators.The proposed arrangement would use KGLD as collateral rather than having tokenized gold directly operate validator infrastructure.The companies are examining whether gold-backed assets could help unlock capital for SOL, which could subsequently be delegated to validators.The initiative reflects a potential use case for real-world assets beyond simply holding or trading tokenized assets onchain.However, the companies have not said that the proposed structure has been launched or that KGLD is currently being used as collateral for SOL.Any use of KGLD as collateral, as well as arrangements for sourcing or delegating SOL, remains subject to legal and regulatory review, due diligence, and separate definitive agreements.Flowra and KorDA to split infrastructure rolesFlowra would provide the Solana infrastructure for the proposed initiative, including its Open Orderflow Auction (OOA), Programmable Block Policy (PBP) and Block Engine technology.KorDA would oversee validator operations, including servers, monitoring and key management.The two companies would also work on standards for selecting validators, allocating SOL and distributing revenue generated through staking rewards, block rewards and MEV tips.The companies said any collateral used under the proposed structure would be segregated from Flowra’s assets.It would be held through an eligible independent custodian, escrow arrangement or multisignature wallet.Flowra would not custody the collateral.The structure is therefore still at the evaluation stage, with the MOU providing a framework for the companies to assess how the proposed delegation model could operate and what counterparties and regulatory requirements would be needed.Proposed program remains under evaluationThe potential partnership is centered on connecting a gold-backed digital asset with blockchain infrastructure.Instead of tokenized gold being limited to onchain ownership or trading, Flowra and KorDA are exploring whether it could be used as collateral to help provide access to SOL for validator delegation.The proposed FKDP would allocate sourced SOL to eligible validators, while Flowra and KorDA would establish the operational and revenue-distribution framework.KorDA is affiliated with ITCEN Group and develops blockchain solutions focused on tokenization and blockchain use of precious metals, including gold-backed digital assets such as KGLD.Flowra focuses on validator and order flow infrastructure for the Solana ecosystem, including delegation programs and MEV-related technologies.The companies will use the initial 12-month MOU period to assess the proposed structure and determine whether the delegation program can move forward.Any…

Key takeawaysCardano trades near $0.222 on Monday after rallying more than 15% last week.ADA’s long-to-short ratio of 0.94 shows slightly more bearish than bullish positioning.Positive funding rates and large whale orders provide mildly bullish signals.The RSI and MACD indicate strengthening upside momentum.Cardano holds gains following 15% weekly rallyCardano (ADA) trades around $0.222 on Monday after gaining more than 15% last week.Mixed derivatives data and mildly positive on-chain indicators reflect cautious sentiment among traders. However, strengthening technical momentum suggests ADA could extend its recovery if buyers overcome a cluster of resistance levels between $0.231 and $0.245.The token currently trades above its 50-day and 100-day exponential moving averages, reinforcing its improving short-term outlook.Cardano’s derivatives market presents a divided picture on Monday. CoinGlass data shows ADA’s long-to-short ratio at 0.94. A reading below 1 means short positions outnumber long positions, indicating that slightly more traders are betting on a price decline than an advance.However, the difference between bullish and bearish positioning remains relatively narrow, suggesting traders are cautious rather than strongly bearish.Funding rates offer a more encouraging signal. Cardano’s open interest-weighted funding rate turned positive on Saturday and stood at 0.0097% on Monday.A positive funding rate means traders holding long positions are paying those holding shorts, typically reflecting increased demand for bullish exposure. The shift suggests sentiment has improved following ADA’s double-digit weekly rally.CryptoQuant’s summary data also points to cautiously optimistic sentiment around Cardano.Large whale orders have appeared in ADA’s futures market, indicating increased activity among well-capitalized traders. Most other tracked metrics remain neutral, limiting the strength of the bullish signal.The combination of large orders and neutral broader indicators suggests institutional or whale interest may be increasing, but the market has not yet established overwhelmingly bullish positioning.Continued buying from large traders could support ADA’s recovery, while a decline in whale activity could leave the token vulnerable to profit-taking.Cardano momentum indicators strengthenADA’s price remains above the 50-day and 100-day EMAs, both clustered around the psychologically important $0.200 level.The Relative Strength Index stands near 61 on the daily chart. This reading reflects solid bullish momentum while remaining below the overbought threshold of 70, suggesting ADA may have room to rise before the rally becomes overstretched.The Moving Average Convergence Divergence indicator has also turned marginally positive. This shift signals that buyers are gradually gaining control, although a descending trendline continues to act as dynamic resistance.Together, the RSI and MACD support a constructive short-term outlook, but ADA must clear several overhead barriers to confirm an extended recovery.Cardano faces immediate resistance at the 61.8% Fibonacci retracement near $0.231. A move above that level would bring the horizontal resistance at $0.236 into focus.The 200-day EMA sits around $0.243, just below another key resistance level at $0.245. This concentration of technical barriers could attract profit-taking and slow ADA’s advance.A sustained break above $0.245 and the descending trendline would strengthen the bullish case and potentially open the door to a more substantial recovery.ADA/USD 4H ChartConversely, failure to clear $0.231 could trigger a pullback toward the 50% Fibonacci retracement at $0.213.Below that level, the 100-day EMA around $0.200 and the 50-day EMA near the 38.2% Fibonacci retracement at $0.195 form a broader support zone. Deeper support levels sit at $0.173 and $0.150.ADA’s outlook remains cautiously bullish while the price stays above $0.200, but overcoming the $0.231–$0.245 resistance region will be crucial for extending the rally.The post Cardano…

Key takeawaysBittensor trades higher on Monday, extending its five-day gain to approximately 25%.TAO’s social dominance has increased amid renewed interest in AI tokens and the launch of the Buttensor meme coin on Solana.TAO open interest reached a three-month high of $428.57 million, indicating growing derivatives activity.Bittensor (TAO) trades in positive territory on Monday, extending its steady five-day rally to approximately 25%.The artificial intelligence-focused token gained 16% last week before rising another 12% on Sunday. TAO has now reached a two-month high as buyers target a breakout above the psychological resistance at $300.Social activity surrounding Bittensor is also increasing, supported by renewed interest in AI-related cryptocurrencies and the launch of a similarly named meme coin on Solana.Bittensor meme coin drives attention toward TAOA Bittensor parody token named Buttensor (BUTT) launched on Raydium, a Solana-based decentralized exchange, on Monday.The meme coin’s debut followed Raydium’s official launch of TAO trading on the platform a day earlier. BUTT was subsequently paired with TAO.The meme coin’s tokenomics direct transaction fees toward automatically purchasing TAO and distributing the acquired tokens to BUTT holders. The arrangement connects speculative activity around the meme coin with demand for Bittensor’s native token.However, the sustainability of this buying pressure will depend on continued trading activity and retail interest in BUTT.The release of ChatGPT-6 Astra has also coincided with renewed demand for AI-focused cryptocurrencies.Santiment data shows that TAO’s social dominance climbed to 0.05% on Thursday following Astra’s release. The metric has since risen to 0.12%, with the launch of Buttensor contributing to the increase in online discussion.Social dominance measures an asset’s share of cryptocurrency-related conversations. A rising reading can indicate growing investor interest, although elevated social activity can also accompany speculative price movements.Activity in Bittensor’s derivatives market has strengthened alongside the price rally. CoinGlass data shows that TAO open interest reached a three-month high of $428.57 million on Monday. The increase indicates that traders are adding positions rather than simply closing existing contracts during the rally.Rising open interest alongside an advancing price generally supports a bullish outlook. However, a large buildup in leveraged positions could increase volatility and liquidation risk if TAO suddenly reverses.TAO momentum strengthens near $300Bittensor trades comfortably above its 50-day, 100-day, and 200-day exponential moving averages, which are clustered between approximately $220 and $236.Its position above these major indicators confirms the strength of the current uptrend and provides several potential support levels during a correction.The Moving Average Convergence Divergence indicator remains above its signal line in positive territory, suggesting upside momentum is intact.However, the Relative Strength Index has reached 70 on the daily chart. This reading places TAO at the threshold of overbought conditions and warns that the rally could temporarily cool as traders take profits.TAO/USD 4H ChartThe psychological $300 level represents TAO’s immediate resistance. A confirmed daily close above $300 would reinforce the bullish outlook and could open the path toward $369, a high recorded on Sept. 13, 2025.Conversely, rejection from $300 could trigger a pullback toward the 200-day EMA near $236. If that support fails, the 100-day EMA at $222 and the 50-day EMA around $220 form a deeper demand zone.TAO’s outlook remains bullish while it trades above the moving-average cluster, but overbought conditions leave the token vulnerable to a short-term correction before another breakout attempt.The post Bittensor targets $300 as TAO extends five-day rally appeared first on CoinJournal.

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KuCoin launches KCUSD with a base APR of up to 4%.KCUSD offers daily returns on eligible stablecoin balances.KuCoin plans to expand KCUSD into collateral and trading utility.KuCoin has launched KCUSD, a new Earn product designed to help stablecoin holders generate returns on otherwise idle balances.The product will be available to eligible retail, high-net-worth, and institutional users, with subscriptions initially starting from as little as 1 USDT, USDC, or USDG.KCUSD will offer a dynamic base annual percentage rate (APR) of up to 4%, with users able to earn returns simply by holding the asset.KuCoin said there will be no subscription fee, while redemptions will be available in the same asset used for subscriptions.Returns will be credited daily and automatically added to users’ KCUSD balances.This structure allows returns to compound daily without requiring users to manually reinvest their earnings.During the initial launch period, eligible users who participate with qualifying new funds may receive a promotional APR of up to 6%, according to the company.Product targets idle stablecoin balancesKuCoin said stablecoins play a central role in digital asset market liquidity, but significant balances can remain idle in trading accounts.Users may keep stablecoins available for margin requirements or time-sensitive trading opportunities, potentially leaving those assets without a yield.The exchange said moving such balances into traditional staking or standalone Earn products can reduce their immediate trading utility.The trade-off is particularly relevant for institutions, market makers, professional trading firms, and high-net-worth users that maintain large stablecoin balances for extended periods.KCUSD initially addresses this issue through a hold-to-earn model, allowing users to generate returns while holding the product.KuCoin also plans to expand KCUSD’s utility in the future by integrating it as collateral or margin.The company said this planned functionality is intended to reduce the trade-off between earning returns and maintaining access to capital for trading activities.KuCoin plans broader utility for KCUSDKuCoin CEO BC Wong said the launch reflects the company’s view that digital asset infrastructure needs to focus not only on access and liquidity but also on how efficiently capital can be deployed.“Our long-term view is that yield, liquidity and risk utility should not remain in separate silos,” Wong said.KuCoin described KCUSD as an infrastructure layer that could connect liquidity, asset productivity and risk management across its ecosystem. The product is expected to begin with yield generation before progressively expanding toward collateral and trading utility.The company said the development reflects a broader shift in digital finance, with stablecoins increasingly being positioned as productive capital rather than solely as settlement assets or reserves.The post KuCoin launches KCUSD with up to 4% base APR on Stablecoins appeared first on CoinJournal.

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Key takeawaysXLM remains above important moving-average support zones, preserving its broader bullish structures.Its long-to-short ratios rose to 1.15, approaching one-month highs.XLM faces immediate resistance at $0.20, followed by targets at $0.218 and $0.237.Stellar’s XLM is trading above important support zones on Tuesday, maintaining the possibility of further gains despite mixed momentum signals.Derivatives data also showed an increasingly bullish tilt toward the cryptocurrency. Positive funding rates and rising long-to-short ratios indicate that more traders are positioning for an upward price move.Derivatives traders increase long positionsCoinGlass data showed that the long-to-short ratio for XLM stood at 1.15 on Tuesday, approaching its highest level in a month.A ratio above one means that more traders hold long positions than short positions. The latest increase therefore suggests that derivatives market participants expect XLM prices to rise.Funding rates provide further evidence of bullish positioning. XLM’s rate became positive on September 2 and subsequently climbed to 0.0147%.Positive funding means traders holding long positions are paying those with short exposure to maintain market balance. While this generally reflects bullish sentiment, an excessively high rate can eventually increase the risk of long liquidations if prices suddenly decline.Current readings support a constructive outlook without necessarily indicating that positioning has reached extreme levels.XLM recovery extends above EMA supportXLM traded around $0.193 on Tuesday after climbing above its major exponential moving averages.The 50-day, 100-day and 200-day EMAs are concentrated between approximately $0.179 and $0.188. This cluster now forms a potential demand zone that could attract buyers during short-term pullbacks.XLM’s RSI stands near 60, keeping the indicator within bullish territory without showing overbought conditions.The MACD also maintains a mildly positive reading, with its main line above the signal line and the histogram remaining above zero. The setup suggests that upward momentum remains constructive, although buyers have not yet established a decisive breakout.XLM faces its first significant resistance at the 61.8% Fibonacci retracement level near $0.200.A sustained break above that psychological and technical barrier could allow the price to challenge the 50% retracement at approximately $0.218. The next resistance sits at the 38.2% Fibonacci level near $0.237.Clearing those barriers could open a path toward the descending trendline and the 23.6% Fibonacci retracement around $0.260.On the downside, the 200-day EMA at $0.188 offers immediate support. The 100-day and 50-day EMAs provide additional protection near $0.180 and $0.179, respectively.XLM/USD 4H ChartIf sellers push XLM below this moving-average cluster, the horizontal support at $0.177 and the 78.6% Fibonacci retracement at $0.173 would come into focus.Buyers would need to defend this area to maintain the broader recovery. A decisive breakdown could expose deeper support levels at $0.142 and $0.139.Overall, derivatives positioning and technical support favor further gains for XRP and XLM. However, confirmation will require XRP to overcome $1.90 and XLM to secure a sustained breakout above $0.20. The post XLM defends major moving averages as buying pressure builds appeared first on CoinJournal.

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Key takeawaysXRP is approaching $1.40 after defending short-term support at $1.38.Futures open interest edged up to 2.24 billion XRP, indicating a modest increase in derivatives exposure.The open-interest-weighted funding rate remains positive at 0.01%, showing that bullish traders are paying to maintain long positions.A daily close above $1.42 could open the path toward $1.50 and $1.70.Ripple’s XRP is down 1% on Tuesday, approaching the psychologically important $1.40 level after buyers defended support at $1.38.The recovery follows an unsuccessful attempt to break through selling pressure around $1.50 last week. Holding above $1.40 would strengthen XRP’s short-term outlook, while another rejection could increase the risk of profit-taking and investor exhaustion.Derivatives metrics remain broadly constructive, with futures open interest edging higher and funding rates staying positive. However, technical indicators show that bullish momentum has moderated, making the $1.42 resistance level critical to XRP’s next move.XRP futures Open Interest edges higherXRP’s derivatives market showed signs of stabilizing on Tuesday. Perpetual futures open interest increased marginally to 2.24 billion XRP, up from 2.23 billion XRP the previous day and 2.2 billion XRP on Sunday, according to CoinGlass.Open interest measures the total number of unsettled futures contracts. A sustained increase alongside rising prices can indicate that traders are committing fresh capital to bullish positions.However, current exposure remains below the 2.78 billion XRP recorded on August 15. This suggests that leverage has not fully recovered from its recent decline.If retail traders continue increasing their exposure, the additional demand could support a sustained move above $1.40. Conversely, a decline in open interest would indicate weakening conviction and could leave XRP vulnerable to another pullback.The open-interest-weighted funding rate held in positive territory at approximately 0.01%.CoinGlass data shows that the rate has remained near this level since August 28. Positive funding means long-position holders are paying traders with short exposure, typically reflecting stronger demand for bullish bets.The reading indicates that traders remain willing to pay a premium to maintain long positions despite XRP’s recent consolidation.Nevertheless, positive funding does not guarantee further gains. If bullish positioning becomes overcrowded while XRP struggles to clear resistance, a sudden decline could trigger long liquidations and accelerate selling pressure.Risk appetite across the broader cryptocurrency market also remains supportive. The Crypto Fear and Greed Index registered 69 on Tuesday, placing market sentiment within the “Greed” category. The reading was slightly below Monday’s level of 71.Elevated optimism can encourage traders to increase exposure to assets such as XRP. However, a high reading may also indicate that the market is becoming vulnerable to profit-taking, particularly if prices fail to extend their gains.Maintaining the current sentiment would support bullish positioning, while a sharp decline in the index could weaken demand for XRP and other major altcoins.XRP must break $1.42 to target $1.50XRP traded near $1.40 after rebounding from $1.38 support. The token remains above its major exponential moving averages, preserving its broader bullish structure.Initial resistance sits near $1.42, where a descending trendline is limiting the recovery. A daily close above this barrier would confirm a short-term breakout and bring the recent high around $1.50 back into focus.Clearing $1.50 could allow bulls to target the next major resistance level at $1.70.The Relative Strength Index stands near 59, above its neutral midpoint of 50. This shows that buyers retain an advantage, although momentum is no longer as strong as it was during the earlier rally.The Moving Average Convergence Divergence indicator has slipped modestly into negative territory. The signal points to fading upside momentum…

Key takeawaysChainlink has gained 51% over seven days amid improving regulatory sentiment and project-specific developments.Chainlink’s total value secured rose from $43 billion in June to nearly $57 billion by the end of August—an increase of approximately 33%.A partnership with Bottomline could connect payment infrastructure serving more than 600 banks to multiple blockchains.Chainlink has gained approximately 51% over the past seven days, outperforming much of the cryptocurrency market following new regulatory proposals from the U.S. Securities and Exchange Commission.The rally has also been supported by improving Chainlink network fundamentals and several significant adoption announcements.Chainlink’s total value secured increased from approximately $43 billion in June to nearly $57 billion by the end of August. This represents growth of about 33%, indicating that more value is relying on Chainlink-powered services across decentralized finance and other blockchain applications.LINK has also broken above an important technical resistance, creating a potential path toward $18 if buyers maintain control.Chainlink’s total value secured approaches $57 billionChainlink’s total value secured has recovered steadily since June, climbing by approximately $14 billion in two months.TVS measures the value of assets supported or protected by Chainlink services. Rising TVS can indicate growing demand for the network’s oracle infrastructure, cross-chain communication tools, and asset-verification products.The recovery strengthens the fundamental case for LINK by showing that the network’s usage is improving alongside its token price.However, TVS does not represent revenue or assets directly owned by Chainlink. It measures the value dependent on its infrastructure and should therefore be viewed as an adoption indicator.Continued growth could support LINK’s longer-term outlook, particularly if Chainlink expands further into institutional payments and tokenized assets.Chainlink recently announced a partnership with Bottomline, a payment technology company that facilitates SWIFT transfers for more than 600 banks worldwide.The collaboration is intended to connect Bottomline’s existing offchain payment infrastructure with multiple blockchain networks.This could allow banks and financial institutions already using Bottomline to interact with digital assets without replacing their existing payment systems.Chainlink’s Cross-Chain Interoperability Protocol could provide the communication layer connecting traditional financial infrastructure with public and private blockchains.If successful, the partnership could increase Chainlink’s relevance as banks explore stablecoins, tokenized deposits and blockchain-based settlement.The Wyoming Stable Token Commission has also selected Chainlink to provide reserve verification for the state’s Frontier Stable Token.Chainlink Proof of Reserve will serve as Wyoming’s exclusive onchain asset-verification system for the token. The technology will publish verifiable information showing whether the stablecoin is fully supported by its underlying reserve assets.Proof-of-reserve infrastructure is particularly important for stablecoins because users need confidence that the number of tokens in circulation does not exceed the assets backing them.The Wyoming selection gives Chainlink a government-level use case and could strengthen its position in the U.S. stablecoin market.If other states or jurisdictions adopt similar systems, demand for Chainlink’s verification and interoperability products could increase.LINK breaks above the 200-day EMALINK moved above its 200-day exponential moving average in late August, alongside a broader recovery among altcoins.A sustained move above the 200-day EMA is often interpreted as evidence of improving long-term momentum. It indicates that the current price has risen above its average level over a significant period.The breakout suggests that LINK’s previous bearish cycle may be ending. However, confirmation will depend on the token…

Key takeawaysPi Network is trading above $0.098 after rebounding from the 50-day EMA near $0.094.PI has gained more than 3% this week after advancing 5.2% during the previous week.The Pi Core Team is prioritizing developer tools and documentation to encourage more applications within the ecosystem.Pi Network extended its recovery on Wednesday, trading above $0.098 after finding support near its 50-day exponential moving average earlier this week.PI has gained more than 3% since the start of the week, building on a 5.2% advance during the previous seven-day period.The rebound coincides with a renewed push from the Pi Core Team to strengthen the network’s developer ecosystem. The team argues that better development tools can encourage the creation of more products and services, expanding PI’s practical utility.Technical indicators also show improving momentum. However, the token remains below its 100-day and 200-day moving averages, which continue to limit the broader recovery.Pi Core team prioritizes developer ecosystemThe Pi Core Team said on X that supporting developers is essential to expanding utility at the application level.Developers create the products, services, and digital experiences through which members of the Pi community can use the network. Improving the development environment could therefore help convert Pi’s underlying technology and ecosystem resources into accessible applications.The latest comments follow the introduction of new developer capabilities on September 4.Pi Network also released documentation offering developers clearer guidance on how to build applications for the ecosystem.Together, the updates indicate that the network is placing greater emphasis on application development as a path toward wider utility.The long-term impact will depend on whether these resources attract developers and lead to applications with sustained user activity. Developer tools alone do not guarantee adoption, but they can lower the barriers to building and deploying new products.PI extends two-week recoveryPI traded near $0.098 on Wednesday after buyers defended the 50-day EMA around $0.094. The moving average acted as dynamic support, allowing the token to preserve its short-term recovery. Remaining above this level could encourage buyers to challenge the next significant resistance area.PI’s consecutive weekly gains also suggest that selling pressure is easing. Still, the price remains below the 100-day EMA at $0.106 and the 200-day EMA at $0.143.These higher-timeframe indicators show that the token has not yet completed a broader bullish reversal.A sustained recovery will require PI to reclaim both moving averages and convert them into support.The Relative Strength Index stands near 63, placing it above the neutral midpoint of 50. This indicates that buying momentum has strengthened without reaching the conventional overbought threshold of 70. The reading gives PI some room to extend its recovery before momentum becomes excessively stretched.The Moving Average Convergence Divergence indicator is also mildly positive, reinforcing the improvement in short-term momentum.However, both signals remain constrained by the resistance created by the 100-day and 200-day EMAs. The indicators favor further gains, but price action must confirm the bullish outlook with a breakout above these barriers.The 100-day EMA near $0.106 represents PI’s first major upside target. A decisive close above this level could strengthen the recovery and bring the horizontal resistance at $0.118 into focus.If buyers overcome $0.118, the next significant target would be the 200-day EMA near $0.143. Reclaiming that moving average would provide stronger evidence that PI’s longer-term trend is improving.From the current price near $0.098, reaching $0.106 would require a gain of approximately 8%. An advance toward $0.118 would represent roughly 20% upside.The token will likely require increased trading volume to overcome these resistance levels and sustain the breakout.PI/USD Daily chartOn the downside…

Geely Sweden CEO Per Ansgar joins Concordium Foundation board.Concordium expands focus on verified AI agents and digital payments.Geely and Concordium deepen partnership on autonomous transactions.Concordium Foundation has appointed Per Ansgar, chief executive officer of Geely Sweden Holdings AB, to its board, strengthening the blockchain platform’s relationship with the Geely group as it develops infrastructure for verified digital interactions and autonomous AI agents.The appointment adds more than 26 years of automotive and financial experience to Concordium’s board.Ansgar has held senior roles at Volvo Cars, Polestar and companies within the wider Geely group.His appointment also extends a partnership between Concordium and Geely that began in 2021.Concordium and Geely deepen five-year partnershipThe relationship between Concordium and Geely began with a shared focus on autonomous driving and was formalised in 2022 through a joint venture based in Wuxi, China.The partnership has also explored applications in which vehicles can interact directly with infrastructure and service providers through machine-initiated payments.These applications include connected vehicles potentially settling charging, toll, and service payments without direct intervention from a driver.Concordium is now expanding its focus toward infrastructure for verified digital interactions, including transactions involving AI agents.As software becomes capable of initiating transactions independently, the company is developing systems intended to establish who owns and authorises an AI agent and who is accountable for its actions.Ansgar said vehicles and the software embedded in them are increasingly becoming parties to transactions.He added that trust now requires proof of who authorised a payment and who is responsible for it, describing this as the problem Concordium is addressing.Ansgar brings automotive and financial experienceAnsgar has been CEO of Geely Sweden Holdings since November 2024, having previously served as the company’s chief financial officer.Before joining Geely Sweden Holdings, he spent 26 years at Volvo Cars, where he held positions including deputy CFO and CFO of Volvo Cars China.He later became chief financial officer of Polestar. Ansgar also holds board positions across the Geely group and serves on the nomination committee of Volvo Car AB.His appointment brings senior Geely leadership into Concordium’s governance as the company works on infrastructure that connects verified humans and AI agents to transactions.The Concordium Foundation Board is chaired by founder Lars Seier Christensen.Other members include Ueli Maurer, professor of cryptography at ETH Zurich; Swiss commercial lawyer Simone Monnerat; and digital executive Nibras Stiebar-Bang.Concordium expands AI agent infrastructureConcordium’s focus is increasingly centered on establishing verifiable identities for AI agents that can act autonomously.The company says its infrastructure is designed to allow counterparties to verify that an agent has been authorised by a verified human or organisation.Its Agent Registry went live in May 2026 and has since registered more than 1,600 AI agents, according to the company. Each registered agent is linked to a verified owner and receives a Verified by Concordium Badge.The badge can be used across networks including Ethereum and Solana, allowing AI agents to provide information about their owners without exposing the underlying company documents.Concordium describes itself as an AI infrastructure platform for the agentic economy, built on a regulatory-grade blockchain with identity and trust incorporated into its protocol.Ansgar’s appointment therefore comes as Concordium seeks to extend its earlier automotive-focused relationship with Geely into a broader model in which vehicles, software and AI agents can conduct transactions while remaining connected to identifiable and accountable owners.The post Geely Sweden CEO joins Concordium Board to advance AI Agent trust appeared first on…

Key takeawaysXRP has dipped more than 2% over the past few days. On-chain data shows sell-side dominance in XRP’s market. XRP’s long-to-short ratio of 0.83 and negative funding rate reflect bearish positioning.XRP is approaching critical support at its 200-day EMA near $1.354.Ripple (XRP) remains under pressure on Thursday after falling more than 2% this week. The cryptocurrency is approaching an important support zone that could determine its next directional moves. However, a combination of sell-side activity, cautious on-chain signals, and mixed derivatives positioning suggests that its near-term upside may remain limited.XRP on-chain data tilts bearishCryptoQuant’s market summary indicates a cautious outlook for both altcoins. XRP’s futures market is showing signs of overheating and sell-side dominance, while retail traders account for some of the current activity. Similar overheating conditions are emerging in the spot market, although several other indicators remain neutral.Together, these signals point to cautious and moderately bearish sentiment among XRP traders.Derivatives positioning shows conflicting sentiment between XRP and Stellar traders. XRP’s long-to-short ratio fell to 0.83 on Tuesday, approaching its lowest level in a month. A reading below 1 means short positions outnumber long positions, indicating that more traders expect XRP’s price to decline.The XRP funding rate also turned negative on Wednesday and stood at -0.0012% on Thursday. Negative funding means traders holding short positions are paying those with long positions, reinforcing the bearish tone surrounding the token.XRP approaches the critical 200-day EMAXRP traded around $1.392 on Thursday after declining more than 2% this week. Despite the pullback, the token remains above its 50-day, 100-day, and 200-day exponential moving averages. These indicators are clustered between approximately $1.244 and $1.354, maintaining XRP’s constructive underlying structure while they continue to hold.The Relative Strength Index sits in the mid-50s, indicating that bullish momentum has moderated without completely disappearing. Meanwhile, the Moving Average Convergence Divergence line remains below zero, signaling weakening upside momentum.XRP/USD Daily chartXRP’s first major support is the 200-day EMA near $1.354. A break below this level could expose the horizontal support at $1.300, followed by the 50-day and 100-day EMAs. The next significant downside target would sit around $1.000.On the upside, XRP faces major resistance near $1.900. A daily close above this level would be required to restore stronger bullish momentum and support a more substantial price recovery.Until that happens, weakening derivatives demand and fading momentum could keep XRP under pressure near its moving-average support zone.The post XRP slide as bearish derivatives data limits recovery appeared first on CoinJournal.

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Key takeawaysPEPE trades near $0.00000348 after rejection at its 200-day EMA.Whales holding 10 million to 100 million PEPE have sold 80 billion tokens since August 25.A break below $0.00000313 could trigger a correction toward $0.00000230.Pepe (PEPE) remained under pressure on Thursday, trading near $0.00000348 after failing to overcome a crucial resistance level.On-chain data shows that large holders have been reducing their positions, potentially increasing near-term selling pressure. Meanwhile, conflicting derivatives signals and weakening technical momentum leave PEPE exposed to a deeper price correction.PEPE whales take profits after August rallySantiment’s Supply Distribution data shows that some of PEPE’s largest holders have been selling tokens following the meme coin’s strong gains in mid-August.Wallets holding between 10 million and 100 million PEPE have collectively offloaded approximately 80 billion tokens since August 25. This substantial distribution suggests that larger investors are taking profits after the recent rally.Over the same period, smaller and mid-sized wallets holding between 100,000 and 10 million PEPE accumulated a combined 5.06 billion tokens.However, buying from these smaller investors represents only a fraction of the amount sold by whales. The imbalance could limit PEPE’s recovery and maintain downward pressure in the short term.PEPE’s derivatives market presents a mixed outlook. The token’s long-to-short ratio stood at 1.05 on Thursday, close to its highest level in more than a month. A reading above 1 indicates that long positions outnumber shorts, suggesting that slightly more traders expect PEPE to rally.However, funding-rate data points to a more cautious market. PEPE’s open-interest-weighted funding rate turned negative on Wednesday and fell to -0.0067% on Thursday.A negative funding rate means short-position holders are paying traders with long positions. This typically reflects stronger bearish positioning and contradicts the optimism shown by the long-to-short ratio.PEPE rejected at 200-day EMA resistancePEPE traded around $0.00000348 on Thursday after facing rejection at its 200-day exponential moving average near $0.00000364 during the previous session.The failed breakout highlights the 200-day EMA as an important barrier that bulls must overcome to regain control.Momentum indicators also show that buying pressure is weakening. The Relative Strength Index is moving lower toward the neutral level of 50, suggesting the earlier bullish momentum is fading.The Moving Average Convergence Divergence indicator produced a bearish crossover last week, which remains in place and reinforces the risk of further losses.PEPE/USD Daily ChartPEPE’s 50-day and 100-day EMAs provide an initial support zone near $0.00000320. The next important horizontal support sits around $0.00000313.A daily close below this area could confirm a deeper correction and expose PEPE to its next major support near $0.00000230. Such a move would represent a decline of approximately 34% from its current price.Conversely, PEPE must close above the 200-day EMA at $0.00000364 to weaken the bearish outlook. A successful breakout could open the door to a recovery toward the next daily resistance at approximately $0.00000442.The post PEPE risks a deeper correction as whales sell 80 billion tokens appeared first on CoinJournal.

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REAL Finance’s $ASSET white paper is now listed in ESMA’s MiCA register.ESMA listing gives $ASSET a standardised disclosure reference across Europe.REAL Finance targets over €3.5 billon in tokenised assets across Europe.Real Technologies Inc., issuer of the $ASSET token used by the REAL Finance network, has had its crypto-asset white paper listed in the European Securities and Markets Authority’s Interim MiCA Register, giving the project a centralised disclosure reference under the European Union’s crypto rules.The entry sits in the register for crypto-assets other than asset-referenced tokens and e-money tokens, which falls under Title II of MiCA.ESMA stresses that white papers appearing in the register have not been reviewed or approved by an EU competent authority, leaving responsibility for their contents with the issuer.MiCA listing adds a regulatory referenceFor REAL Finance, the listing creates a common disclosure point that exchanges, institutions and other counterparties can consult when assessing $ASSET across European Economic Area markets.The move follows the token’s listing on Kraken, where trading went live on April 30. REAL Finance says $ASSET has also traded on KuCoin and MEXC since April.“Being listed in ESMA’s Interim MiCA Register gives institutions and exchanges a single, transparent reference for evaluating $ASSET instead of thirty separate national processes. It’s a foundational step for how we want to operate in Europe,” said Ivo Grigorov, CEO of REAL Finance.The company said the notification addresses a different layer from exchange access, providing standardised regulatory disclosure rather than guaranteeing that any platform will list or continue supporting the token.REAL Finance pushes deeper into tokenised assetsREAL Finance is positioning the network around the tokenisation of real-world financial assets, an area attracting growing attention from banks, asset managers and regulators.The company says it aims to tokenise more than €3.5 billion of assets through its European ecosystem and is working with regulated partners, including Austria’s Wiener Privatbank, on custody and structuring.The MiCA register entry does not amount to regulatory approval of $ASSET. ESMA explicitly states that white papers in the register are not reviewed or endorsed by competent authorities.Real Technologies also said individual trading venues retain discretion over listing decisions.That distinction is important as MiCA brings more standardised disclosure to Europe’s crypto market without turning white-paper publication into an official investment endorsement.The post REAL Finance’s $ASSET joins ESMA’s Interim MiCA Register as Europe push deepens appeared first on CoinJournal.

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