Coinjournal
36 subscribers
2 files
16.5K links
Bitcoin & Cryptocurrency News
Download Telegram
Key takeawaysBitcoin briefly fell below $84,000 during Wednesday’s Asian session.Rising oil prices added inflation concerns ahead of the FOMC minutes, keeping interest-rate expectations in focus.BTC’s immediate support lies around 80,000–82,000, while a sustained break above $87,000 could put $100,000 in focus.Bitcoin weakened Wednesday as investors awaited the Federal Reserve’s meeting minutes and assessed renewed inflation risks from rising oil prices.Bitcoin slipped below $84,000 during Asian trading despite a return to inflows into U.S. spot Bitcoin exchange-traded funds. The moves highlight uncertainty over monetary policy. Although expectations for an October rate increase have eased, the analysis indicates that investors continue to anticipate a significant possibility of further tightening by December.ETF inflows return, but Bitcoin struggles to advanceU.S.-listed spot Bitcoin ETFs recorded $118.8 million in net inflows on October 6, following $89.8 million in outflows on October 5, according to Farside figures cited in the report.The reversal offered a supportive demand signal, but it did not prevent Bitcoin from falling below $84,000 the following morning.The uneven flows suggest that investment demand has yet to provide consistent backing for a sustained advance. Continued inflows would strengthen the recovery case, particularly if accompanied by firmer spot buying.The FOMC minutes could influence expectations for the Fed’s next policy steps. A stronger preference for additional rate increases could pressure both assets. Higher interest rates raise the appeal of interest-bearing investments and increase the opportunity cost of holding gold or Bitcoin.A more patient policy tone could provide support, but rising energy prices complicate that outlook.Oil advanced Wednesday as a storm approaching the Gulf of Mexico and attacks in the Middle East raised concerns about supply disruptions. If higher energy costs sustain inflation, expectations for further monetary tightening could strengthen.Bitcoin price outlook: $80,000 support remains crucialBitcoin’s daily chart shows consolidation within an ascending broadening wedge, with immediate support around $80,000–$82,000.Holding that zone would preserve the constructive near-term scenario outlined in the analysis. A sustained move above $87,000 could then put the $100,000 level in focus.A break below $80,000 would weaken that setup and expose the 70,000–75,000 range. Further losses below $70,000 could bring support around $65,000 into view.On the weekly chart, analysts identify a longer-term support zone between $50,000 and $60,000 and a potential cup formation within an ascending channel.A future breakout above $100,000 could support an extension toward $150,000 under that bullish scenario. Those levels remain conditional technical projections rather than assured outcomes.BTC/USD Daily ChartBitcoin’s renewed ETF inflows provide encouragement, but stronger and more persistent demand would be needed to absorb selling and sustain a breakout.The immediate technical focus remains on defending $80,000–$82,000 and overcoming $87,000 resistance. Meanwhile, the FOMC minutes and energy-driven inflation concerns could influence both Bitcoin and gold through changes in rate expectations.Failure to hold Bitcoin’s nearby support would instead increase the risk of a deeper correction.The post Bitcoin slips below $84,000 ahead of FOMC minutes appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/hsMJyql
Crypto.com adds Insilico tools for spot and derivatives trading access.Users get low-latency execution without subscription fees or custody.Integration supports advanced orders, hotkeys and multi-exchange tradingCrypto.com Exchange has announced a strategic partnership with Insilico Terminal, giving users access to professional trading tools while continuing to trade spot and derivatives through Crypto.com.The integration allows Crypto.com Exchange accounts to connect directly with Insilico’s trading platform, which is designed for active crypto traders seeking faster execution and more advanced order management.Through the partnership, users can access Insilico’s execution tools without paying subscription fees, while keeping their funds on Crypto.com Exchange.Advanced trading tools added for Crypto.com usersCrypto.com users will be able to use a range of professional execution features through Insilico Terminal.These include Chase, Swarm, TWAP, Scale orders, Depth of Market, programmable hotkeys, automated sizing and one-click strategies.The tools are intended to support more complex trading approaches across both spot and derivatives markets.The integration also allows users to monitor and trade their Crypto.com accounts alongside accounts from other exchanges within a single customisable workspace.Insilico said its platform is built for low-latency performance, with fast and reliable execution designed for volatile crypto markets.The connection is API-only and includes support for two-factor authentication. Insilico does not take custody of user funds or store sensitive account data.The terminal integration is also free for Crypto.com users, with no subscriptions or hidden fees charged by Insilico.Users can therefore access advanced execution features, monitor multiple exchange accounts from one customisable workspace and trade directly on Crypto.com there without Insilico charging subscription fees or taking custody of their funds.Partnership targets active and high-volume tradersThe companies said the collaboration is aimed at serving a wide range of users, from high-volume futures traders to active spot traders, by providing access to institutional-grade trading tools.“This partnership reflects our commitment to supporting the needs of our advanced trading community,” said Iskandar Vanblarcum, Managing Director of Crypto.com Exchange.By integrating with Insilico Terminal, we are making it even easier for users to engage with our markets using professional-grade, low-latency execution tools at the speed and scale they require.Crypto.com said the partnership strengthens the trading infrastructure available to its community by giving users direct access to Insilico’s tools while continuing to trade through the exchange.The companies said the setup is designed to combine Crypto.com’s market access with Insilico’s execution technology, offering users a more advanced trading environment without changing where their funds are held.The post Crypto.com adds pro-grade trading tools in new Insilico Terminal partnership appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/54x83Ft
NextBlock invests $3M in Soda Labs’ seed funding round.Soda Labs expands its privacy infrastructure across major blockchains.Soda plans to scale adoption, validators, and financial integrations.NextBlock has invested $3 million in Soda Labs’ seed round, funding the entire closed round as the blockchain infrastructure company expands its programmable privacy technology for financial activity on public blockchains.The investment comes as Soda Labs moves from its existing gcEVM privacy layer toward Soda Bubble, a chain-agnostic coprocessor designed to enable private computation across different blockchain networks.Soda Labs has spent the past two and a half years developing a cryptographic privacy solution based on garbled circuits and multiparty computation (GC-MPC).The company said its system uses established cryptographic standards including AES and SHA256 and can operate on standard cloud CPUs without requiring specialised hardware.“What attracted us to Soda was not only the underlying cryptography, but the practicality of the technology for the financial workloads we believe will matter most onchain,” said Pieter van Poecke, Founder and General Partner of NextBlock.Van Poecke added that Soda already had a working product and paying customers, while its technical intellectual property, technical founding team and commercial capabilities provided a foundation for its next phase.Soda Labs expands privacy infrastructureSoda’s technology has processed more than 100 million transactions on the COTI network. Its deployed applications include tokenisation platform Zoniqx and perpetuals exchange PriveX.According to the company, PriveX has processed more than $20 billion in trading volume, while Zoniqx is onboarding issuers across multiple asset classes and jurisdictions.Soda’s existing gcEVM privacy layer remains live on COTI. The company is now expanding its architecture through Soda Bubble, which is designed to process developer-defined workloads from different blockchains without exposing private data publicly or to Soda Labs itself.The Bubble Validator Network allows participants to mathematically verify that computations involving private data have been performed correctly.Soda Labs is expanding Bubble across major EVM ecosystems, including Ethereum, Polygon, Arbitrum and Base. It is also working on expansion to non-EVM networks, including Solana.Company targets commercial adoptionThe new funding will give Soda Labs room to focus on scaling commercial adoption and execution over the next 12 to 18 months.The company plans to use the capital for its go-to-market strategy, validator network expansion, broader blockchain coverage, team growth and integrations with banks, payment companies, tokenisation platforms and other financial infrastructure providers.Soda Labs is also working with financial and infrastructure organisations on several undisclosed pilots, with the aim of converting them into production deployments.The company expects to publish updated performance benchmarks in the coming weeks. Soda said its latest testing on Arbitrum measured the complete transaction lifecycle on the live network, including encryption, MPC computation, consensus and settlement.The company reported a five- to tenfold improvement over its previous benchmark, although the new results have not yet been publicly released. Soda also said its GC-MPC architecture can provide approximately 10 to 100 times greater throughput and 100 to 1,000 times lower transaction costs than currently available alternatives.“Public blockchains already have the liquidity, users and financial applications. What they lack is a way for regulated money to move without showing everyone everything,” said Avishay Yanai, Co-Founder and CEO of Soda Labs.Yanai said Bubble is designed to provide banks, payment companies and tokenisation platforms with privacy and controlled disclosure while using the blockchain networks they already rely on.The post NextBlock invests $3M in Soda Labs to expand blockchain privacy appeared first…
Key takeawaysXRP has declined nearly 7% over seven days after failing to clear resistance at $1.60.Trading volume remains around $3 billion, equivalent to nearly 4% of its circulating market capitalization.XRP ETFs have attracted just $4 million in October so far, compared with $121.4 million during September.XRP has fallen nearly 7% over the past week after its latest rally failed to break through $1.60, leaving traders watching nearby support for signs that the correction could stabilize.Trading activity remains elevated at approximately $3 billion, but slower ETF inflows and increased transfers to exchanges suggest buyers face a more challenging environment.The pullback comes alongside broader crypto market weakness and cooling sentiment following the recent advance.XRP ETF inflows slow sharply in OctoberXRP-linked exchange-traded funds attracted $121.4 million in net inflows during September, according to SoSoValue figures cited in the analysis.Investors have added only around $4 million so far in October. At that pace, the report estimates monthly inflows of approximately $17 million, although the final total will depend on demand over the remaining sessions.The slowdown points to weaker buying through investment funds. It does not establish that investors are withdrawing capital, since October’s cumulative flows remain positive.Still, reduced ETF demand removes a source of support as XRP attempts to find a floor.Onchain data shows that XRP inflows to exchanges have accelerated over the past two weeks, reaching their highest level since July 2026.The earlier increase coincided with a decline from approximately $1.14 to $1.00. The analysis suggests another period of selling could follow the latest rise in deposits.Transfers to exchanges can indicate that holders are preparing to sell, but they do not confirm completed sales. Some deposits may serve trading, collateral or other purposes.With XRP retreating from resistance, the increased inflows nevertheless add to concerns that early buyers could take profits.The Crypto Fear and Greed Index has fallen from a recent high of 80 to 58, reflecting a shift away from strong optimism as prices correct.The report argues that the macroeconomic backdrop has become somewhat more supportive than it was a few weeks earlier. It says the latest Federal Reserve minutes did not change the baseline expectation that another rate increase would be delayed until at least December.Softer-than-expected August PCE inflation figures were cited as supporting that view.However, expectations for a later rate hike have not prevented near-term profit-taking across the crypto market.XRP technical outlook: Bulls hold the $1.32 supportThe daily chart places XRP near its 200-day exponential moving average, with the analysts identifying approximately $1.32 as a potential rebound zone.A successful defense of that area could help stabilize the price. If selling accelerates, the next support lies near $1.26, a level that has previously attracted buyers.XRP/USD Daily ChartBelow that, $1.26 represents a deeper demand zone and another important test for bulls.Momentum has weakened, with the Relative Strength Index approaching 40, suggesting sellers retain the near-term advantage.The medium-term target of $1.80 remains in play, but reaching it would require renewed demand and a sustained recovery through the $1.60 resistance that halted the latest advance.The post XRP tests the $1.32 support level as ETF demand slows appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/bSj3tGh
Key takeawaysDogecoin traded near $0.085 on Friday after losing more than 11% this week.Two large-wallet cohorts reduced their combined holdings by 100 million DOGE since Tuesday.A close below $0.084 could expose $0.078 and $0.070, with resistance beginning at $0.086.Dogecoin traded around $0.085 on Friday, approaching a key trendline area after a weekly decline of more than 11%.Falling balances among some large holders and weakening technical momentum suggest continued downside pressure. However, derivatives positioning offers a more mixed picture, with long positions outnumbering shorts in CoinGlass’ tracked ratio.Large Dogecoin holders reduce exposureSantiment’s supply distribution data shows that wallets holding between 1 million and 10 million DOGE and those holding between 10 million and 100 million DOGE have collectively reduced their balances by 100 million tokens since Tuesday.The decline suggests some large holders are reducing exposure, potentially through profit-taking. Wallet balance changes alone do not confirm that every token was sold, but the movement adds to concerns about near-term supply pressure.CryptoQuant’s summary indicators also point to caution. Its data identifies overheating conditions in both spot and futures markets, alongside large orders and sell-side dominance in futures.These signals suggest that selling pressure remains significant as DOGE approaches nearby support.Despite the price decline, CoinGlass’ DOGE long-to-short ratio stood at 0.90 on Friday, approaching its highest level in more than a month.A reading above one indicates that longs outnumber shorts within the positions or accounts tracked by the metric.Funding rates also remained positive at 0.0010%, meaning long traders were paying short traders to maintain their positions.Together, the readings suggest some traders are positioning for a recovery. They do not establish that buying demand is strong enough to reverse the decline, particularly while price momentum remains weak.DOGE tests $0.084 as momentum deterioratesDogecoin is trading just above the trendline area near $0.084, which serves as the immediate technical support reference.A daily close below that level could open the way toward $0.078. A deeper correction would bring the next structural floor at $0.070 into focus.The Relative Strength Index sits near 40, below its neutral midpoint and consistent with weaker buying momentum.The Moving Average Convergence Divergence line remains below both zero and its signal line. Its negative, slightly expanding histogram also suggests sellers retain the near-term advantage.DOGE remains beneath several important exponential moving averages, creating successive barriers to a rebound.Media DOGE/USD Daily ChartThe first resistance is the 100-day EMA near $0.086. Above it, the 50-day EMA and a horizontal resistance level converge around $0.088.Clearing those levels would help ease immediate bearish pressure. A stronger recovery would require a move above the 200-day EMA at $0.093, followed by a challenge of major resistance near $0.102.For now, the balance between support at $0.084 and the moving averages overhead will help determine whether DOGE stabilizes or extends its weekly losses.The post Dogecoin dips by 11% this week as whale balances shrink appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/fZOotEC
Key takeawaysADA’s long-to-short ratio edged above one to 1.01, indicating a slight tilt toward bullish positioning.Funding turned positive and reached 0.0061%, with longs paying shorts.ADA holds above its major daily EMAs, with immediate support at $0.245 and resistance at $0.299.Cardano recovered above a key support zone on Monday, trading near $0.250 as derivatives positioning improved following last week’s 2.85% correction.ADA remains above its major daily exponential moving averages, supporting a constructive near-term outlook. However, mixed momentum and signs of sell-side pressure suggest the recovery still faces obstacles.Cardano derivatives positioning turns more positiveCoinGlass’ long-to-short ratio for ADA rose to 1.004 on Monday, moving slightly above the neutral threshold of one.The reading suggests longs marginally outnumber shorts within the positions or accounts tracked by the metric. The narrow margin points to a modest improvement rather than strong bullish conviction.Cardano’s funding rate also turned positive on Sunday and increased to 0.0061% on Monday. Positive funding means long traders are paying short traders, reflecting greater demand for bullish exposure in perpetual futures.Together, these indicators suggest sentiment has improved as ADA attempts to extend its rebound.CryptoQuant’s summary data presents a more cautious picture. The platform flags overheating conditions in Cardano’s spot and futures markets, alongside sell-side dominance. It also identifies large whale orders in the futures market.These signals contrast with the improving long-to-short ratio and positive funding, highlighting uneven positioning among traders.Bullish derivatives demand alone does not establish that spot buying will be sufficient to sustain higher prices.ADA holds above its major moving averagesAt $0.250, Cardano trades above the 50-day EMA at $0.230, the 100-day EMA at $0.219, and the 200-day EMA at $0.241.Its position above all three averages supports the broader recovery structure. The horizontal level at $0.245 provides the closest support reference.Momentum remains moderately constructive. The Relative Strength Index stands near 54, above its neutral midpoint without indicating overbought conditions.However, the Moving Average Convergence Divergence indicator remains marginally below zero, suggesting the rebound has yet to develop strong upward momentum.The first downside test is $0.245, followed by the 200-day EMA near $0.241 and horizontal support at $0.236.ADA/USD Daily ChartA deeper pullback would bring the 50-day EMA at $0.230 and the 100-day EMA at $0.219 into focus. Below those levels, the analysis identifies rising trendline support around $0.206 and a more distant floor at $0.150.On the upside, the next major horizontal resistance identified in the analysis is $0.299, where previous selling interest could limit an extended recovery.Holding the nearby support band would preserve ADA’s constructive technical position, while stronger buying momentum would be needed to sustain a move toward that resistance.The post Cardano reclaims $0.250 as derivatives sentiment improves appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/PYfTvZp
Key takeawaysChainlink traded near $13.50 on Monday, extending its recovery from Thursday’s $12.09 low.LINK-focused ETFs attracted $9.48 million on Friday, their largest daily inflow this year, according to SoSoValue.A confirmed breakout could bring $13.93 into focus, while initial support sits at $13.32 and $12.95.Chainlink held above $13 on Monday as stronger ETF demand and rising balances among large holders supported its recovery from last week’s pullback.LINK traded around $13.34, up from Thursday’s low of $12.09. Buyers are now approaching resistance near $13.50, where a sustained breakout could strengthen the case for another leg higher.Chainlink ETFs record $9.48 million in daily inflows. LINK-focused exchange-traded funds attracted $9.48 million on Friday, their largest daily inflow so far this year, according to SoSoValue.The funds have recorded five consecutive weeks of inflows, pointing to sustained demand through traditional investment products.That buying provides a supportive backdrop for LINK’s rebound, although continued inflows will be important if the recovery is to extend beyond nearby resistance.Large holders increase their share of LINK supplySantiment data shows that wallets holding between 1 million and 100 million LINK now account for 65.6% of circulating supply.That compares with 65.38% on October 1, an increase of 0.22 percentage points. The rising share suggests increased exposure among large-wallet holders. However, wallet-size categories can include exchanges and other entities, so the figures do not necessarily represent individual investors alone.Together with positive ETF flows, the data points to stronger demand as LINK attempts to reverse its recent correction.LINK tests trendline resistance near $13.50Chainlink’s broader technical structure remains supported by a rising trendline connecting the August 10 and September 16 lows near $12.30.Nevertheless, the token is still recovering from a downswing that began at the September 29 high of approximately $15.77.On the four-hour chart, LINK sits just above its declining 50-period exponential moving average near $13.32. The next hurdle is a descending resistance trendline around $13.50, connecting the September 30 and October 5 highs.A confirmed move above that barrier could bring $13.93 into view, the 50% Fibonacci retracement of the decline from $15.77 to $12.09.A sustained advance would then put the $15.77 swing high in focus, followed by the 127.2% Fibonacci extension near $16.77.The four-hour Relative Strength Index is near 55, above its neutral midpoint, while the Moving Average Convergence Divergence indicator has moved into positive territory.LINK/USD Daily ChartBoth readings suggest strengthening bullish momentum, though price still needs to clear resistance to confirm the breakout.On the downside, the 50-period EMA at $13.32 provides the closest support reference, followed by the 200-period EMA at $12.95.A deeper pullback would expose the trendline area around $12.30 and Thursday’s $12.09 low. Holding those levels would help preserve the recovery structure if the initial breakout attempt fails.The post Chainlink eyes $13.50 breakout as ETF inflows hit yearly high appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/egljkVn
KuCoin 5.0 integrates AI, trading tools, and wealth management services.KuCoin introduces a unified account for eligible spot, margin, and futures traders.The upgrade adds accessibility features and expands AI Assistant 5.x.KuCoin has unveiled KuCoin 5.0, a comprehensive platform upgrade that integrates artificial intelligence (AI), trading tools, wealth management services, and accessibility features as the cryptocurrency exchange seeks to improve the user experience.Announced on October 9, 2026, the upgrade covers six areas: compliance, technology, assets, experience, AI, and wealth management.The company said the changes are intended to create a more unified and efficient platform, building on its global brand initiative, “Trust, Built-in,” and its “Trust First. Trade Next.” proposition.The upgrade includes a redesigned interface, an expanded AI assistant, and new ways for users to manage funds across trading and wealth management services.KuCoin 5.0 introduces redesigned interface and unified trading accountKuCoin 5.0 includes an updated Profile Center 2.0, featuring a card-based layout designed to make account information and frequently used functions easier to access.The exchange has also upgraded its sub-account system to simplify account creation, strengthen security controls, and improve management.Enhanced K-line charts offer additional tools and real-time data, with settings synchronised across devices.The platform has introduced a colour vision accessibility mode to make charts and other visual information easier to distinguish for users with different colour vision needs.KuCoin estimates that approximately 360 million people worldwide experience some degree of difficulty distinguishing colours.The upgrade also retains Lite and Pro experiences to accommodate users with different levels of familiarity and trading requirements.For eligible users at VIP1 level and above, KuCoin has introduced the Unified Trading Account (UTA). The feature brings spot, margin, and futures trading into a shared framework for funds, margin, and risk management.According to the company, this arrangement reduces the need to transfer funds between separate accounts and allows for more efficient capital use across eligible products.AI assistant expands across platform servicesKuCoin 5.0 includes an upgrade to AI Assistant 5.x, creating a unified entry point for conversations, questions, and task completion across the platform.The assistant covers market insights, Earn services, trading, customer support and campaigns.It uses page context and user actions to better understand users’ requirements, recommend relevant services and help them complete tasks.The company said the AI integration is intended to extend across the user journey rather than operate as a standalone feature.Wealth management tools connect earning and tradingThe upgrade also links earning and trading activities through wealth management products and benefits for VIP users, Earn access through sub-accounts and support for selected wealth assets within the UTA framework.Main accounts and sub-accounts can participate in Earn while managing funds separately.Meanwhile, KCUSD can be used as margin within the Unified Trading Account, reducing the need to move funds repeatedly between earning and trading activities.KuCoin said these changes are supported by continued development of its compliance, technology and asset foundations.“Trust should be something users can experience in every interaction—not only in how their assets are protected, but in how clearly, reliably and efficiently the platform works,” said BC Wong, CEO of KuCoin.Wong added that KuCoin 5.0 translates the company’s long-term commitment to trust into its product, providing users with greater confidence and control while laying the groundwork for the next stage of digital finance.The company said the upgrade establishes a foundation for further platform development by connecting trading, asset management, and intelligent services within a more integrated experience.The…
Key takeawaysXRP traded near $1.374 on Tuesday after Monday’s correction.Long-to-short ratios of 1.09 for XRP indicate a modest tilt toward longs.Immediate XRP support sits at $1.339, followed by $1.300, while resistance begins at $1.381.XRP posted modest rebounds on Tuesday as derivatives positioning improved following the previous day’s pullback.XRP traded around $1.374, showing signs of stabilization, although differing funding rates suggest traders remain divided about the strength of the recovery.For XRP, overhead moving-average resistance and weak momentum continue to constrain the near-term outlook.Long-to-short ratios show a slight bullish tiltCoinGlass’ long-to-short ratios stood at 1.09 for XRP on Tuesday. Readings above one indicate that longs outnumber shorts within the accounts or positions tracked by the metric.The figures suggest a modest preference for bullish exposure in both assets. However, neither reading points to overwhelming conviction, and positioning alone does not confirm that prices will continue rising.XRP’s funding rate turned negative on Monday and stood at -0.0055% on Tuesday. Negative funding means short traders are paying long traders, suggesting continued demand for bearish exposure despite the slightly positive long-to-short ratio.XRP remains below key moving averagesAt $1.374, XRP trades below its 200-day exponential moving average at $1.381 and its 50-day EMA at $1.395.Those levels form the first resistance barriers facing the rebound. The token remains above its 100-day EMA at $1.339, providing nearby support, but its position beneath the other two averages leaves the short-term bias bearish.The Relative Strength Index is near 40, indicating subdued buying momentum without reaching outright oversold territory. The Moving Average Convergence Divergence indicator also remains negative, reinforcing the cautious outlook.A sustained recovery above $1.381 and $1.395 would ease immediate technical pressure.XRP/USD Daily ChartBeyond that moving-average cluster, the analysis identifies more distant horizontal resistance at $1.671 and $1.900.On the downside, the 100-day EMA at $1.339 is the first support reference, followed by $1.300.A sustained break below $1.300 would weaken the recovery structure and bring the deeper support area around $1.000 into focus.For now, improving derivatives positioning offers some encouragement, but XRP needs stronger price momentum to reclaim its overhead moving averages.The post XRP rebounds as derivatives improve, but faces EMA resistance appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/M2BbUR1
Key takeawaysDogecoin traded near $0.084 on Tuesday after rebounding from an intraday low around $0.0800.DOGE-focused ETFs recorded $399,460 in outflows Monday following no net flows last week.Resistance sits at the 50-day EMA near $0.0876 and the 200-day EMA at $0.0923.Dogecoin edged higher on Tuesday after testing $0.0800, offering signs of stabilization following Monday’s 5% decline.DOGE traded around $0.084, but ETF withdrawals, declining supply concentration among large wallets and weak technical momentum continued to weigh on its recovery outlook.The token remains below key moving averages, leaving buyers facing a test of whether nearby support can hold.Dogecoin ETFs record nearly $400,000 in withdrawalsDOGE-focused exchange-traded funds posted $399,460 in net outflows on Monday, according to SoSoValue data.The withdrawals followed a week of no net flows, suggesting weaker demand through those investment products.Redemptions can reduce a source of buying support, although one session’s flows do not establish a lasting change in institutional sentiment.The figures also do not, by themselves, show where the withdrawn capital was subsequently invested.Santiment data shows that wallets holding more than 100 million DOGE account for 69.74% of circulating supply, down from 70.02% on September 1.That represents a decline of 0.28 percentage points in the cohort’s share. The change suggests reduced supply concentration among the largest addresses. However, wallet categories can include exchanges and other entities, and a lower percentage does not necessarily confirm that all affected tokens were sold.Combined with ETF outflows, the data adds caution to the near-term demand picture.DOGE remains below key moving averagesAt $0.084, Dogecoin trades below its 50-day exponential moving average at $0.0876 and its 200-day EMA at $0.0923.Those levels form the main resistance barriers identified in the analysis and reinforce the bearish short-term structure.Momentum indicators remain weak. The Moving Average Convergence Divergence indicator has crossed below zero, while the Relative Strength Index is near 39.The RSI reading indicates subdued buying momentum but remains above the conventional oversold threshold of 30.The immediate downside reference is $0.0800, corresponding to the February 6 low. A confirmed breakdown below that level could bring the July 23 low at $0.0683 into focus. DOGE/USD Daily ChartThat would represent roughly a 15% decline from support, or approximately 18% from the quoted $0.0829 price.On the upside, a sustained recovery above $0.0876 would help ease immediate pressure. The next major hurdle would be the 200-day EMA near $0.0923.For now, the rebound from $0.0800 shows buyers defending support, but stronger demand and improving momentum are needed to establish a more durable recovery.The post Dogecoin rebounds from $0.0800 as ETF outflows keep downside risks in focus appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/Bw3ZqYD
KuCoin Nigeria wins conditional SEC approval to enter regulatory incubation.Approval does not allow KuCoin Nigeria to launch services or onboard users.KuCoin says Nigeria move forms part of its wider global compliance strategy.KuCoin Nigeria has received conditional Approval-in-Principle from Nigeria’s Securities and Exchange Commission for admission into the regulator’s Accelerated Regulatory Incubation Programme, marking another step in the crypto exchange’s wider compliance push.The approval, announced on October 13, remains conditional and does not amount to a final registration, licence, endorsement or recommendation from SEC Nigeria.It also does not allow KuCoin Nigeria to begin operations, onboard customers or offer services to the Nigerian public.Approval covers proposed operating frameworkAs part of the review process, KuCoin Nigeria demonstrated elements of its proposed platform and operating model to the regulator.The presentation covered products and services intended for Nigeria, customer onboarding procedures, fiat on- and off-ramp arrangements, technology infrastructure, and governance and risk management structures.KuCoin said the preparatory work reflects its focus on local accountability, user protection and risk management as it works through Nigeria’s evolving regulatory framework.The company described Nigeria as a key market for digital asset adoption and innovation, citing the country’s vibrant digital economy and developing crypto ecosystem.KuCoin said a sustainable digital asset market requires constructive engagement between regulators and industry participants, alongside stronger governance, transparency, market integrity and user protection.BC Wong, CEO of KuCoin, said: “Receiving conditional Approval-in-Principle from SEC Nigeria marks another important milestone in KuCoin’s global compliance journey. As digital assets become an increasingly important part of the global financial system, trust must be built through continuously strengthening governance, maintaining high compliance standards and enhancing user protection.”We value the opportunity to engage constructively with SEC Nigeria through ARIP and to continue building in line with Nigeria’s evolving regulatory framework. Our focus remains on strong governance, high compliance standards and meaningful user protection as we support the responsible and sustainable development of the digital asset ecosystem.Nigeria move fits wider compliance strategyKuCoin said its regulatory engagement in Nigeria is part of a broader approach to meeting local requirements across key markets.In Europe, KuCoin EU has received authorisation under MiCAR, allowing it to provide regulated crypto-asset services across the European Union.In Australia, KuCoin operates through Axis One Markets Pty Ltd, which is registered with AUSTRAC as a digital currency exchange provider.The company stressed that each authorisation or registration applies only to the relevant entity and activities within that jurisdiction. None of those approvals permits KuCoin Nigeria to operate or provide services in Nigeria.KuCoin said it will continue strengthening governance, operational resilience and user protection while working with regulators, partners and industry participants to support a more mature, transparent and trusted digital asset market.The company said compliance remains central to building long-term trust as it pursues responsible innovation and develops its regulatory relationships across different global markets worldwide.The post KuCoin Nigeria secures conditional entry into SEC Nigeria’s ARIP appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/WTeLErV
Key takeawaysPi Network traded below $0.080 Wednesday after a 2% rebound the previous day.The Pi Core Team is exploring stablecoin integration intended to complement PI’s existing utility.PI remains below its 50-day and 200-day EMAs, with weak momentum keeping the near-term outlook bearish.Pi Network (PI) has dropped below $0.0800 on Wednesday after a modest rebound helped it avoid extending losses below last week’s low.The token traded around $0.07956, losing the previous session’s 2% gain. Meanwhile, the Pi Core Team reiterated its exploration of stablecoin integration as a way to broaden activity across the ecosystem.Despite the recovery, PI remains below key moving averages, leaving the price vulnerable if support at $0.0774 fails.Pi Core team explores stablecoin integrationThe Pi Core Team is considering how stablecoins could support additional ecosystem uses while preserving PI’s role as the network’s native cryptocurrency.Stablecoins can play an important role in expanding certain utility across the Pi ecosystem, particularly in use cases where predictable price stability is important.The introduction of stablecoins requires a deliberate, unique approach, and must be aligned with Pi Network’s ecosystem and principles.
– Simply adding a stablecoin does not guarantee that it will naturally complement Pi.
– How the two function alongside each other depends on how stablecoins are integrated into the Pi ecosystem.This makes the design and initial introduction especially important. Stablecoin functionality should be directed toward circumstances where price stability is needed while preserving the utility of the Pi cryptocurrency across the broader ecosystem.Learn more https://t.co/MuubtRW4uh— Pi Network (@PiCoreTeam) October 13, 2026Its partnership with Open Standard, the issuer of OUSD, focuses on potential stablecoin integration and rewards programs for Pi users, known as Pioneers.According to the announcement, Open Standard is backed by companies including Visa and Stripe. Planned OUSD rewards initiatives aim to encourage broader ecosystem participation.The integration remains an area of exploration, with the team emphasizing that stablecoin functionality should complement PI’s utility.PI rebounds but remains below key moving averagesPI’s rebound has provided some relief after recent selling pressure, but the broader technical picture remains weak.The token trades below the 50-day exponential moving average at $0.0882 and the 200-day EMA at $0.1256. Both remain overhead barriers to a sustained recovery.In the near term, PI is trading between support at $0.0774 and resistance around $0.0827. The latter corresponds to the 23.6% Fibonacci retracement identified in the analysis.Until buyers overcome that upper boundary, the latest gain remains a rebound within a bearish structure.The Relative Strength Index is near 37, below its neutral midpoint and consistent with continued selling pressure.The Moving Average Convergence Divergence indicator remains slightly negative and below its signal line, reinforcing the cautious outlook.These readings suggest the rebound has yet to produce a convincing shift in momentum. Holding above $0.0800 offers short-term stability, but buyers still need to clear nearby resistance.PI/USD Daily ChartOn the downside, a sustained break below $0.0774 could expose the $0.0704 swing low.On the upside, PI first needs to reclaim $0.0827 before challenging the 50-day EMA at $0.0882. Moving above both levels would strengthen the case for a more durable recovery.A sustained advance beyond $0.0882 could then bring the 50% Fibonacci retracement near $0.0990 into focus.For now, the ability to defend $0.0774 and overcome $0.0827 will help determine whether the rebound develops into a recovery or gives way to renewed losses.The post PI holds below $0.0800 as stablecoin plans emerge, but downside risks persist appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/lyQuDzX
Key takeawaysXRP bounced from $1.32 following news of Standard Chartered’s involvement in an RLUSD custody arrangement.The deal with Ripple and LMAX would allow institutional clients to place RLUSD with the bank.XRP ETFs have attracted around $12 million this month, pointing to substantially weaker inflows than September.XRP rebounded from support at $1.32 as investors assessed a custody arrangement involving Standard Chartered, Ripple and institutional trading firm LMAX Group.Announced Monday, the deal would allow LMAX customers to place Ripple USD (RLUSD) with Standard Chartered, adding bank custody capabilities to their stablecoin activities.The development supports Ripple’s institutional expansion, although XRP’s technical outlook remains cautious and ETF inflows have slowed.Standard Chartered brings bank custody to RLUSDThe arrangement aims to give institutional clients greater flexibility in safeguarding RLUSD and managing risk.Standard Chartered’s Global Head of Digital Assets, Waqar Chaudry, said clients want access to digital asset markets while maintaining established standards for asset protection.He added that combining the bank’s capabilities with Ripple and LMAX could help institutions incorporate digital assets into their broader financial activities.The agreement concerns custody of RLUSD. Its implications for XRP depend on whether broader ecosystem adoption translates into demand for the token.RLUSD has grown to approximately $2.4 billion in market capitalization, according to RWA.xyz figures.Ripple has also pursued licenses in key jurisdictions to support payments and other financial services using the stablecoin for settlement.The Standard Chartered arrangement adds another institutional connection to that effort. Expanded RLUSD usage could support activity across the XRP Ledger, providing additional opportunities for payments and financial applications.However, stablecoin growth and XRP investment flows currently present different pictures.SoSoValue data shows XRP-linked ETFs have received approximately $12 million in net inflows this month.If that pace continues, October inflows could finish below $30 million—roughly 75% lower than September’s total.That projection remains dependent on flows during the rest of the month, but the current figures suggest institutional investors have become more cautious during XRP’s pullback.A stronger recovery would benefit from renewed buying interest alongside the ecosystem’s custody and payments developments.XRP price outlook: $1.28 holds the key to recoveryThe latest bounce reinforces $1.32 as an important near-term support level. Analysts places the 200-day exponential moving average near that area.A further decline could bring $1.28 into focus. The analyst views that level as the final support underpinning the recovery scenario; a sustained break below it could expose a deeper move toward $1.XRP/USD Daily ChartThe Relative Strength Index has fallen to around 40, indicating weak momentum. That reading alone does not confirm that selling pressure is exhausted or that a rebound is imminent.Provided $1.28 holds, XRP maintains an upside target of $1.80 over the coming weeks, followed by $2.10 if buying momentum strengthens. Those levels remain conditional forecasts as XRP attempts to stabilize after its correction.The post XRP rebounds from $1.32 as Standard Chartered adds RLUSD custody appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/qgvZCr9
Key takeawaysZcash traded near $1,111 on Thursday, extending Wednesday’s roughly 6% decline.A sustained four-hour close below $1,115 could expose support at $1,050 and $1,000.ZEC needs to reclaim resistance between $1,242 and $1,264 to ease its near-term bearish outlook.Zcash extends losses despite renewed ETF buyingZcash continued to fall on Thursday as inflation concerns weighed on the broader cryptocurrency market, overshadowing a return to inflows into Grayscale’s Zcash-focused exchange-traded fund.ZEC traded around $1,094 at the time of the report, extending the previous day’s roughly 6% loss. The decline brought the privacy coin below last week’s $1,115 low, although a sustained four-hour close beneath that level remained important for confirming a breakdown.The latest selling extends a correction from Zcash’s late-September peak of $1,698. With momentum indicators still pointing lower, attention has shifted toward whether buyers can prevent a deeper retreat toward $1,000.The US Consumer Price Index showed annual inflation of 3.7%, exceeding expectations of 3.6%, according to the supplied report.The stronger reading increased concerns about persistent inflation and the possibility of further interest rate hikes, weakening appetite for cryptocurrencies.Bitcoin’s vulnerability around $80,000 added to the cautious backdrop. Further weakness in the largest cryptocurrency could intensify selling across altcoins, including Zcash.These macroeconomic pressures have limited the impact of improved demand through ZEC investment products, leaving the token under pressure despite Wednesday’s positive fund flows.Grayscale’s ZCSH attracts $3.68 millionGrayscale’s Zcash-focused fund, ZCSH, recorded $3.68 million in inflows on Wednesday, according to SoSoValue data cited in the report.The inflows ended two consecutive days of withdrawals, which followed two weeks of net outflows. The reversal offered an early indication of renewed demand through the product.However, a single positive session does not establish a sustained recovery in investor appetite. Zcash’s continued spot-market decline suggests the buying was insufficient to overcome broader selling pressure.Whether ZCSH can attract further inflows will help determine if Wednesday’s improvement develops into a more durable trend.Zcash tests support below $1,115Zcash’s four-hour chart retains a bearish bias, with the price trading well below two important moving averages.The 50-period Exponential Moving Average stands near $1,242, while the 200-period EMA sits around $1,264. Together, they form an overhead resistance zone that could complicate recovery attempts.Momentum indicators reinforce the weak outlook. The Moving Average Convergence Divergence indicator and its signal line remain below zero, accompanied by deeply negative histogram bars.Meanwhile, the Relative Strength Index hovers around 34, indicating subdued momentum while remaining slightly above the conventional oversold threshold of 30.The immediate technical question is whether ZEC confirms a sustained break below $1,115. A four-hour close beneath that level would strengthen the bearish case and increase the risk of further losses.If the breakdown holds, the September 4 high near $1,050 becomes the next downside reference, followed by psychological support at $1,000.ZEC/USD Daily ChartA failure to defend $1,000 could expose the August 23 high around $888. That deeper target remains conditional on Zcash losing the intervening support levels.For buyers, the first significant recovery hurdle is the 50-period EMA at $1,242. Beyond that, the 200-period EMA near $1,264 presents another barrier.Reclaiming this resistance zone would help ease downside pressure. Until then, weak momentum and broader market uncertainty leave Zcash exposed to further selling, with the $1,115 level central to its immediate direction.The post Zcash risks slide toward $1,000 as inflation fears outweigh ETF inflows appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and…
Key takeawaysEthereum traded below $2,400, down 5.3% over 24 hours, after stronger-than-expected US inflation unsettled crypto markets.Higher Treasury yields, a stronger dollar and rising rate hike expectations added pressure to ETH.Key support sits around $2,353–$2,355, while resistance at $2,498 and $2,548 could challenge recovery attempts.Ethereum retreats as inflation raises rate hike concernsEthereum extended its decline below $2,400 on Thursday as stronger-than-expected US inflation triggered renewed selling across cryptocurrency markets.The second-largest cryptocurrency traded near $2,370 at the time of the report, losing approximately 5.3.% over the previous 24 hours.September’s Consumer Price Index rose 0.6% month-over-month, matching expectations but accelerating from August’s 0.4% increase. Annual headline inflation reached 3.7%, above the 3.6% forecast and up from 3.4% previously.Core inflation, which excludes food and energy prices, also exceeded expectations. The measure rose 0.3% monthly and 2.6% annually, compared with forecasts of 0.2% and 2.5%, respectively.The figures increased concerns that persistent inflation could prompt further monetary tightening, weakening demand for risk assets.US Treasury yields and the dollar strengthened following the inflation release, creating additional headwinds for Ethereum.The 10-year Treasury yield climbed to 5.32% before easing toward 5.22%. Meanwhile, the US Dollar Index moved above 102.80 for the first time since April 2025, according to the report.Higher Treasury yields increase the relative appeal of interest-bearing assets, raising the opportunity cost of holding cryptocurrencies. A stronger dollar can also weigh on dollar-denominated crypto prices.At the same time, the probability of a Federal Reserve rate increase at its October meeting rose from 22% to 35%, based on the CME FedWatch figures cited in the source.That repricing reinforced expectations of tighter financial conditions, leaving Ethereum vulnerable to further selling.ETH long positions account for most liquidationsEthereum’s decline also forced leveraged traders out of positions. CoinGlass data shows $293.98 million in ETH liquidations over the previous 24 hours. Long positions accounted for 90% of that total, indicating that traders positioned for higher prices absorbed most of the losses.The latest liquidations followed Tuesday’s volatile trading, which wiped out approximately $120 million in Ethereum longs.Successive rounds of long liquidations highlight the pressure on bullish leveraged positions. Forced selling can amplify a price decline when falling collateral values trigger further position closures.Onchain data suggests potential selling pressure is also building outside the derivatives market.Ethereum’s exchange netflow has remained positive since Sunday, continuing a pattern seen during the previous week, according to CryptoQuant data cited in the article.Positive netflow means more ETH is entering exchanges than leaving them. Such movements can indicate that holders are preparing to sell, although deposits alone do not confirm that sales have occurred.Combined with rising long liquidations, the trend leaves Ethereum facing pressure from both leveraged positioning and potential spot-market supply.Ethereum faces resistance below $2,563Ethereum’s daily chart maintains a bearish near-term bias, with the price below its 50-day Exponential Moving Average at $2,498 and its 20-day EMA at $2,563.The first recovery hurdle is the 50-day EMA. Above that, the horizontal resistance at $2,548 and the 20-day EMA form a further barrier to sustained gains.A recovery through this area would bring $2,636 into focus, followed by resistance near $2,781.Momentum remains weak. The 14-day Relative Strength Index stands around 38, while the Stochastic Oscillator is near 7, indicating oversold conditions. Those readings could support a pause or short-term rebound, but they do not confirm a downtrend reversal.The source analysis identifies the recent close near $2,432…
XDC Network selects Concordium to verify owners of AI agents.Verified agents receive on-chain badges while personal data stays private.The partnership includes revenue sharing and sponsored network fees.XDC Network has selected Concordium as the exclusive identity verification provider for XDC AI, its agent payments marketplace, in a move aimed at improving accountability for artificial intelligence agents conducting financial transactions.Announced on October 14, 2026, the integration allows AI agents on XDC AI to receive an on-chain verification badge confirming that a verified individual or business stands behind them, without publicly revealing the owner’s identity.XDC Network is a Layer-1 blockchain focused on payments, trade finance, and real-world assets.XDC AI, launched in July 2026, enables AI agents to use non-custodial wallets to discover and pay for services in USDC through the x402 payment standard.The integration adds an identity verification mechanism intended to help businesses and institutions establish who is accountable for an agent before allowing it to conduct transactions.Concordium introduces verified ownership for AI agentsUnder the new system, agent owners can complete identity verification through the Concordium Wallet.The process involves submitting a passport and completing a liveness check conducted by an independent identity provider.Owners then link their XDC wallets using two signatures that do not transfer funds and register their agents.Concordium subsequently issues a publicly verifiable badge, while personal information remains off-chain.According to the announcement, identity disclosure requires a court order and joint action by independent Privacy Guardians.Atul Khekade, co-founder of XDC Network, said the integration addresses the need for institutions to identify who stands behind an AI agent before trusting it with financial transactions.He added that the verification system allows developers to establish accountability without placing personal information on the blockchain.Boris Bohrer-Bilowitzki, chief executive officer of Concordium, said payment capabilities alone do not establish who is responsible for an agent’s actions.He said the partnership combines XDC’s transaction infrastructure with verification of the individuals or businesses behind participating agents.XDC becomes Concordium’s first full-network integrationConcordium already supports AI agent verification on Ethereum and Solana, with XDC becoming its first full-network integration.The companies said agents can retain their existing XDC wallets, code, and operations while using Concordium for identity verification.This allows the identity layer to be added without requiring agents to replace their existing wallets or operational infrastructure.The partnership also includes revenue sharing for each agent verification. Every verified agent creates a Concordium account linked to a verified owner.Network fees are sponsored, removing the requirement for developers to hold CCD tokens to use the verification service.The arrangement is intended to make verification accessible to developers while providing an additional accountability mechanism for AI agents operating within the marketplace.However, the announcement does not specify the financial terms of the revenue-sharing agreement or disclose the number of agents expected to use the service.Verification aims to support institutional adoptionThe integration comes as AI agents gain capabilities to discover services and conduct transactions with limited direct human involvement.In such settings, identifying the individual or business responsible for an agent can be an important consideration for organisations assessing whether to grant it financial authority.XDC Network’s marketplace already supports agent payments in USDC.Concordium’s verification layer adds a way to establish a link between an agent and a verified owner while keeping that owner’s personal information private by default.The companies said agent verification…
Stablecoins could reshape payments and compete with banks without replacing their broader financial services.Research highlights potential effects on bank deposits, lending, liquidity, and demand for US Treasury securities.By 2030, banks and stablecoin issuers may increasingly integrate blockchain technology and traditional financial infrastructure.The global banking system is facing an unusual challenge. For centuries, banks have played a central role in storing money, processing payments, and providing credit.Today, a new generation of digital financial instruments is beginning to challenge parts of that model.Stablecoins, which are designed to maintain a relatively constant value against traditional currencies, allow people and businesses to transfer money through blockchain networks.Their development raises an important question: could the financial system eventually operate without the traditional bank accounts and payment infrastructure that most people use today?For investors and readers following the transformation of global finance, understanding the difference between digital money and conventional banking is becoming increasingly important.Financial news platforms such as the Coinspot site help audiences follow developments in digital assets, payment technology, and the changing financial landscape.Yet the most consequential aspect of stablecoin adoption may not be the technology itself.It may be the possibility that money could move through new networks while banks gradually lose their exclusive position as the primary gateway to financial services.The banking monopoly that was never quite a monopolyBanks have traditionally performed several important economic functions.They provide accounts where households and businesses can hold money.They process payments, manage financial records, and extend credit to borrowers.These activities are closely connected, but they are not identical.A customer may use a bank account primarily to receive wages and pay bills. Another customer may depend on the same institution for a mortgage or business loan.Stablecoins challenge the payment and money-holding components of this arrangement.They do not automatically replace the credit creation, financial analysis, and regulatory responsibilities performed by banks.This distinction is essential.A technology that makes money transfers faster does not necessarily create a complete alternative banking system.The future may involve greater competition in selected services rather than the disappearance of traditional financial institutions.What makes a stablecoin different from money in a bank account?A dollar-backed stablecoin is generally designed to maintain a value close to one US dollar.Its issuer may hold reserves intended to support redemption, depending on the product’s structure and applicable regulations.A bank deposit represents a claim against a regulated financial institution.These arrangements may appear similar from the customer’s perspective, but their legal and economic foundations are different.Bank deposits can be protected by deposit insurance within applicable limits and jurisdictions.Stablecoins do not automatically provide equivalent protection.Banks also participate in payment and settlement systems supported by central banks.Stablecoin transfers can occur on blockchain networks, where the reliability of settlement depends on the underlying technology and financial arrangements.Stablecoins vs. traditional bank depositsFeatureTraditional Bank DepositReserve-Backed StablecoinPrimary IssuerRegulated commercial bankStablecoin issuerValueDenominated in conventional currencyDesigned to track a reference currencyDeposit InsuranceMay apply within legal limitsGenerally not equivalent to insured depositsTransfer InfrastructureBanking and payment networksSupported blockchain networksOperating HoursDepends on payment systemBlockchain transfers can operate continuouslyCredit CreationBanks can lend against their funding baseStablecoin issuance does not inherently create loans…
Key takeawaysEthereum recovered above $2,400 after briefly falling toward $2,340 following hotter-than-expected US producer inflation.September PPI rose 6.3% annually, while core PPI reached 5%, both exceeding forecasts.Support stands near $2,355, while resistance between $2,496 and $2,552 could challenge the recovery.Ethereum rebounds after producer inflation surpriseEthereum recovered above $2,400 on Friday after a stronger-than-expected US wholesale inflation report briefly pushed the cryptocurrency toward $2,340.September’s Producer Price Index increased 1.3% month-over-month and 6.3% annually, exceeding forecasts of 0.5% and 5.3%, respectively.Core PPI, which excludes food and energy prices, also surpassed expectations. It rose 0.7% monthly and 5% annually, compared with forecasts of 0.3% and 4.4%.The figures followed Wednesday’s hotter-than-expected Consumer Price Index release, adding to concerns about persistent inflation and the outlook for monetary policy.Ethereum initially declined alongside other risk assets before recovering as Treasury yields and the dollar retreated.The concentration of losses among bullish traders highlights the pressure on leveraged positions during the decline. Forced position closures can intensify selling as falling prices erode traders’ collateral.The figures cover the full 24-hour period, including the volatility surrounding the inflation releases, rather than only the immediate response to Thursday’s PPI data.Ethereum’s rebound accompanied a decline in US 10-year Treasury yields to 5.095%, their lowest level since September 22.Lower yields helped ease one source of pressure on Ethereum following the earlier inflation-driven rise in borrowing-cost expectations.The US Dollar Index also reversed its post-CPI gains, falling to approximately 102.04 at the time of writing.Together, the retreat in yields and the dollar provided a more supportive backdrop for the broader cryptocurrency recovery, even as inflation concerns remained unresolved.Ethereum defends $2,355 support but faces resistanceOn the daily chart, Ethereum recovered from the area around its 100-day Exponential Moving Average at $2,356 and horizontal support at $2,355, following its brief dip beneath that zone.Buyers are now attempting to maintain the recovery above $2,411. Momentum indicators show some improvement. The Relative Strength Index edged up to 40.9, while the Stochastic Oscillator stood near 25. Both suggest that immediate bearish pressure has eased, although they do not establish a confirmed trend reversal.ETH/USD Daily ChartThe first upside obstacle is the 50-day EMA at $2,496. Beyond that, horizontal resistance at $2,548 and the 20-day EMA at $2,552 form a closely grouped barrier.Reclaiming those levels would strengthen the short-term recovery outlook. On the downside, the 2,355–2,356 area remains important. A daily close below it could expose support at $2,204, followed by $1,971 and $1,827 if selling continues.The post Ethereum reclaims $2,400 as falling Treasury yields ease inflation pressure appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/ulfOeZn
Key takeawaysHYPE recovered to $81.88 after falling to approximately $77.59 following hotter-than-expected US producer inflation.Ripple Prime introduced institutional RWA perpetual swaps referencing more than 100 Trade.xyz markets on Hyperliquid.HYPE faces resistance at $83.10, while support lies around $76.30–$75.70.HYPE recovers after inflation-driven selloffHyperliquid’s HYPE token rebounded toward $82 on Friday, recovering from an intraday decline as new institutional trading initiatives drew attention to the platform.HYPE traded at approximately $81.88 at the time of this report, up 0.8% over the previous 24 hours. Earlier, the token fell to around $77.59 after a stronger-than-expected US inflation reading.September’s Producer Price Index rose 6.3% year over year, exceeding expectations of 5.3%. The surprise renewed concerns about the Federal Reserve’s interest rate outlook and weighed on risk-sensitive assets.Leveraged bullish positions absorbed most of HYPE’s liquidation losses. CoinGlass data showed approximately $7 million in long liquidations, compared with $810,000 in short positions.Although the rebound restored HYPE above $80, the token remained below important short-term moving averages.Ripple announced Thursday that Ripple Prime had introduced real-world asset perpetual swaps covering more than 100 reference markets.The products span equities, equity indices, exchange-traded funds, metals, energy and foreign exchange. Trading and settlement are available around the clock, including weekends.The swaps reference Trade.xyz perpetual futures listed on Hyperliquid. Ripple Prime acts as the principal counterparty, giving institutional clients access through its brokerage services rather than requiring them to trade directly on the decentralized platform.The offering expands the connection between institutional brokerage services and Hyperliquid’s derivatives infrastructure. However, the launch does not establish a direct or immediate increase in demand for HYPE itself.RLUSD collateral and cross-margining support the offeringEligible clients can use Ripple’s RLUSD stablecoin as collateral for the new swaps. Ripple Prime also supports cross-margining across eligible asset classes, allowing institutions to manage collateral requirements and portfolio risk across multiple positions. Offsetting exposures may reduce margin requirements, depending on the portfolio and applicable rules.Market maker Virtu is among the institutions already using the products, according to Ripple.The service is currently offered through Ripple Prime’s CIV BVI license. Ripple plans to expand availability to additional regions but has not provided a timetable.Separately, EQX Labs announced plans to introduce 11 tokenized US equity and ETF markets on Hyperliquid’s HyperCore infrastructure.The proposed lineup includes exposure to Apple, Nvidia, Amazon and Tesla, alongside ETFs tracking major US markets.According to EQX, the tokens will trade on Hyperliquid’s public order book and will each be backed by shares held in custody.These planned products differ from the perpetual derivatives Ripple Prime referenced. Together, the initiatives point to a broader range of traditional-market exposures being developed around Hyperliquid.HYPE faces resistance at the 50-Day EMAHYPE’s daily chart retains a slightly bearish tone despite the rebound. The token remains above its 100-day Exponential Moving Average at $76.30 but below the 50-day EMA at $83.10 and the 20-day EMA at $85.40.That positioning suggests longer-term support remains intact while short-term recovery attempts face overhead resistance.The Relative Strength Index stands near 43, below its neutral midpoint. Meanwhile, the Stochastic Oscillator is around 20, indicating weak momentum near oversold territory without confirming a reversal.HYPE/USD Daily ChartInitial resistance sits at $83.10. Above that, the horizontal barrier at $85 and the 20-day EMA at $85.40 form the next resistance area. A sustained recovery through those levels would bring $97.80…
Key takeawaysBitcoin traded around $82,800 on Wednesday, maintaining gains from the previous session.BTC remains above its 50-day and 200-day EMAs, supporting a constructive technical backdrop.Support lies at $80,769, with deeper levels at $77,862 and $76,090.Bitcoin stabilizes after bullish daily closeBitcoin held near $82,800 on Wednesday after a modest recovery the previous day, as easing selling pressure supported hopes of further gains.Ethereum and XRP also remained steady following bullish daily closes, according to the report. However, the supplied technical analysis focuses on Bitcoin.BTC continues to trade above its 50-day Exponential Moving Average at $80,769 and its 200-day EMA at $76,090. Holding those levels preserves a constructive backdrop, although buyers still need stronger momentum to sustain an extended rally.Bitcoin’s daily Moving Average Convergence Divergence indicator is approaching a crossover above its signal line.A completed bullish crossover would strengthen the case that downward momentum is fading. For now, the signal remains unconfirmed.The Relative Strength Index stands near 51, slightly above its neutral midpoint. That reading suggests a modest improvement in momentum without indicating particularly strong buying pressure or overbought conditions.Together, the indicators point to stabilization rather than a decisive breakout. Continued price gains would provide stronger confirmation that buyers are gaining control.Bitcoin faces upside resistance at $89,337The BTC/USD daily chart shows the 78.6% Fibonacci retracement near $89,337 as an important resistance level if Bitcoin’s recovery extends.The retracement is drawn between a lower anchor at $57,800 and the upper reference at $97,924.A sustained move through $89,337 would bring the $97,924 area into focus as the next major target in that framework.These levels represent conditional technical objectives. Bitcoin would still need follow-through buying to move meaningfully higher from its current position near $83,000.The first significant support level is the 50-day EMA near $80,769. Holding that average would help preserve the latest recovery structure. BTC/USD Daily ChartA sustained break beneath it would weaken the near-term bullish outlook and shift attention toward the 50% Fibonacci retracement at $77,862.Below that, the 200-day EMA at $76,090 provides a deeper reference for the broader trend.Bitcoin’s immediate outlook therefore rests on maintaining support while momentum improves. A confirmed MACD crossover, accompanied by sustained buying, would offer clearer evidence that the recovery can extend toward overhead resistance.The post Bitcoin holds near $83k as easing bearish momentum puts $89,337 in focus appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/6OcVide
At TOKEN2049, Probly spotlighted on-chain markets for real-world events.Probly’s WHALE3RA event drew traders, builders and other Web3 participants.TxFlow settlement supports automatic USDC payouts without manual claims.Probly, an on-chain prediction market for sports, politics, crypto, finance, and global events, has concluded its participation as a Gold Sponsor of TOKEN2049 Singapore and co-host of the WHALE3RA Afterparty alongside BloFin, TxFlow, and other ecosystem partners.Across TOKEN2049 week, Probly connected with traders, builders, infrastructure teams, partners, and Web3 communities around the growing role of prediction markets as a way to express views on real-world events.The week also gave Probly an opportunity to introduce its approach to prediction markets to a broader crypto-native audience: simple access, broad market coverage, self-custody USDC, peer-to-peer trading, and verifiable on-chain settlement.From market opinions to on-chain signalsMediaPrediction markets are increasingly becoming an interface for turning expectations about future events into market signals. For Probly, TOKEN2049 provided an opportunity to bring that idea directly to an audience already accustomed to trading changing market conditions, information, and expectations.The name Probly comes from “probably,” the word people use when the outcome of an event remains uncertain. It is also inspired by P(A), the mathematical notation used to represent the probability of an event.Probly currently supports 5,100 events and 47,000 markets across Sports, Geopolitics, Crypto, Finance, Economy, and Politics. The platform also offers 172 active live markets for same-day trading, including high-frequency Crypto “Up or Down” rolling markets across BTC, ETH, SOL, and XRP.Probly is the first prediction market application developed through TxFlow Improvement Protocol 3 (TIP3). Settlement through TxFlow enables on-chain settlement, automatic USDC payouts, and no manual claim step.Bringing the prediction market conversation to WHALE3RAMediaProbly also co-hosted WHALE3RA at MARQUEE Singapore during TOKEN2049 week alongside BloFin, TxFlow, and other ecosystem partners.The event brought together traders, builders, funds, exchanges, infrastructure teams, and Web3 communities, giving Probly an opportunity to engage directly with many of the audiences shaping the next generation of crypto products.For Probly, these conversations reinforced an important direction for the product: prediction markets should not be limited to occasional major events. They can become a more active interface for following changing information, forming a view, and trading expectations as events develop.What comes next for ProblyFollowing TOKEN2049 Singapore, Probly will continue developing its prediction market experience around accessibility, broader event coverage, frequent trading opportunities, and transparent on-chain infrastructure.The company will also continue working with ecosystem and infrastructure partners as it develops new ways for users to express views on future outcomes through on-chain markets.TOKEN2049 and WHALE3RA marked another step in bringing Probly’s core idea to a wider audience: uncertainty is everywhere, and markets can make collective expectations around what happens next more visible, transparent, and useful.Before It Happens.About ProblyProbly is a prediction market built on TxFlow L1 through TxFlow Improvement Protocol 3 (TIP3). It turns views about future events into continuously updated market signals across sports, crypto, economics, news, culture, weather, and other real-world categories.Probly combines real-time markets, broad event coverage, fully on-chain settlement, and self-custodied USDC infrastructure. Its mission is to make collective expectations more immediate, transparent, and useful by converting uncertainty into a price.Media ContactProbly PR TeamEmail: torygarcia@probly.comWebsite: https://www.probly.com/en X: @ProblyHQImportant NoticeThis announcement is provided for general informational…