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Crypto World

Crypto claws back some losses but derivatives markets point to more pain ahead: Crypto Markets Today

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Crypto claws back some losses but derivatives markets point to more pain ahead: Crypto Markets Today

Bitcoin rose 0.3% to $58,700 on Wednesday, showing a sliver of strength after spiking down to $57,700, the lowest point since September 2024, shortly after midnight UTC.

Ether (ETH) is at $1,580, having also experienced a slight relief bounce since 01:00 UTC.

U.S. equity index futures are lower since midnight UTC, with S&P 500 futures and Nasdaq 100 futures in the red by 0.2%-0.4%

Risk assets like crypto and tech stocks have been struggling in recent weeks as concerns of impending inflation have lifted the U.S. dollar and made traders cautious.

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The altcoin market has been the hardest hit because it lacks the liquidity and demand to deal with precipitous moves to the downside and liquidation cascades.

Derivatives positioning

  • A total of $395 million worth of crypto futures bets have been liquidated in 24 hours, with bullish plays accounting for most of the tally. That’s hardly surprising given BTC’s dip to lows under $58,000 early in the day.
  • The real story is crude futures listed on crypto exchanges. They have seen liquidations worth $15 million, the fifth-largest tally among all tokens. The figure shows just how popular TradFi trading has become on crypto exchanges.
  • BTC’s futures open interest (OI) jumped to 768K BTC from 740K BTC a day ago. While the influx of money is encouraging, it’s unclear whether the bias is for bullish or bearish bets. For instance, the annualized funding rates hover near 5%, hinting at a bullish bias, while the 24-hour cumulative volume delta is negative, suggesting bears are being more aggressive and trading with market orders rather than passive limit orders.
  • Gold perpetual futures OI hit a record high of 222K XAU tokens. This comes as the metal’s spot price shows a bearish death cross, signaled by the 50-day simple moving average crossing below the 200-day SMA. Prominent gold ETFs are displaying a similar bearish pattern.
  • Bitcoin and ether’s 30-day implied volatility indexes are steady after June’s double-digit gains. Bitcoin’s index, BVIV, is now hemmed between the 200-day average as resistance and the 50-day as support. A break above the 200-day MA might mean new turbulence and a deeper price slide.
  • On Deribit, bitcoin and ether puts remain pricier than calls across all time frames as traders seek downside protection.
  • Key flows at over-the-counter desk Paradigm featured demand for the September expiry bitcoin put at the $50K strike price. This is a bet that prices could slide below $50K by the end of the third quarter. Meanwhile, someone lifted a SOL call option at the $86 strike. The token is currently trading around $75.

Token talk

  • While the broader altcoin market is struggling, Solana-based DeFi token jupiter (JUP) has posted a trend reversal, rising by 11% since midnight UTC with a 55% increase in daily trading volume.
  • The increase comes alongside a jump in total value locked (TVL), with the protocol, a decentralized exchange (DEX) aggregator. TVL has risen to more than 20 million SOL from 13.9 million in May.
  • Stellar lumens (XLM) extended gains, rising from $0.168 on Sunday to $0.196, an increase of 17%.
  • The strong performance of a select few altcoins kept CoinMarketCap’s “Altcoin Season” index sticky at around 48/100 after ending June little changed despite weakness across the sector.
  • AI tokens have been the recipient of that weakness. Bittensor (TAO) lost 2.5% on Wednesday and is now down by over 30% since June 15.

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BlockDAG’s Proprietary BDAG AI Pulls Buyers in Droves! Here’s Why the $0.00000044 Entry Beats LINK & TRON Today

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BlockDAG’s Proprietary BDAG AI Pulls Buyers in Droves! Here’s Why the $0.00000044 Entry Beats LINK & TRON Today

The Chainlink price prediction reflects tension this week, as LINK trades near $7.37 while investors weigh short-term caution against optimism tied to its growing DeFi integrations. Meanwhile, the TRON price is in bullish territory, with the network processing nearly $2 trillion in stablecoin settlements, proving that steady utility can still turn heads even when the broader market feels uncertain.

Then there is BlockDAG, entering the radar of investors searching for the best crypto to buy now. It has just rolled out BDAG AI, bringing a fresh suite of artificial intelligence tools now live on its network, adding an estimated $500 million to its valuation overnight.

And with entry still sitting at a fraction of a cent against a $0.05 buyback offer, BDAG is quickly becoming the standout name this week. Let’s see which makes the most urgent entry case today.

Chainlink Price Prediction: Consolidation Continues

The Chainlink price prediction remains mixed as LINK trades around $7.37 with a $5.51 billion market capitalization. The token is still below its 50-day SMA of $8.66 and 200-day SMA of $9.92, while the Fear & Greed Index of 12 reflects extreme caution among investors.

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However, the 14-day RSI of 32.44 suggests selling pressure may be easing. In the short term, holding above $7.07 support could pave the way for a move toward $7.75, while a break lower may push LINK closer to $6.80.

From a longer-term perspective, Chainlink price prediction remains optimistic thanks to the network’s expanding role in decentralized finance and its recent integrations across 10 blockchain networks. Forecasts suggest LINK could climb to $17 in 2026, $28.53 by 2029, and potentially $52.95 by 2032, provided adoption continues and overall crypto market conditions improve.

TRON Price Rises on Stablecoin Settlement Activity

The TRON price could continue benefiting from the network’s dominance in stablecoin payments if current usage trends persist. During the first quarter of 2026, TRON processed $1.96 trillion in stablecoin settlements while hosting roughly $85–86 billion in USDT, highlighting strong demand for low-cost transfers.

Network engagement also remains healthy, with daily active users climbing 16% over the past month to around 4.4 million. However, slower user onboarding, with active addresses easing to 15.8 million, suggests growth is being driven more by existing users than newcomers.

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Meanwhile, total value locked has reached about $4.4 billion, although much of it remains tied to payment activity instead of DeFi applications. For the TRON price outlook to strengthen over the long term, the ecosystem will likely need broader DeFi adoption alongside continued growth in stablecoin settlement volumes.

BlockDAG: 45x Window Ends in 24 Hours!

BlockDAG is seeing a rush of buyer interest right now, and once you look at what’s happening across the network, it’s easy to understand why. Entry currently sits at just $0.00000044 per coin, and the network just launched BDAG AI, a new set of artificial intelligence tools now built into the platform.

That move alone added an estimated $500 million to the project’s valuation. On top of this, the BlockDAG Futures & Spot Exchange is set to arrive in two weeks, a development many expect will push the entry price much higher.

Plus, for the next 24 hours, entry is even more rewarding thanks to a $0.05 buyback offer, which could translate into 45x returns for anyone who buys now and sells back at that rate. The World Cup Bonus is also live, giving buyers 50% extra BDAG on their purchase, further expanding the ROI potential.

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A profit opportunity like this is rare in the market, especially for a network seeing as much demand and adoption as BlockDAG. The BlockDAG Casino also proves that, continuing to see record activity, with more than 13,000 users and over $150 million wagered in its first 30 days.

The casino runs on a high-speed network, currently processing 5,500 transactions per second, and is set to increase to 7,000 within three days. Thanks to this scalability, ROI, and technological strength, BDAG is effectively outperforming many established cryptos today.

According to experts, whether someone wants to cash out through the buyback or hold for the long term, this might be one of the most impressive entry points crypto has offered in a while.

Which Is The Best Crypto to Buy Now?

LINK and TRON are worth watching, but neither offers urgency right now. The Chainlink price prediction points to a slow grind upward, with LINK needing to reclaim key resistance before its longer-term targets of $17, $28.53, and beyond come into focus. As for the TRON price, while the stablecoin volume makes it a solid utility play, future gains depend on whether DeFi adoption can catch up to TRON’s payment dominance.

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BlockDAG, on the other hand, is not asking investors to wait around. With BDAG AI just added to the network, a $500 million valuation, and the Futures & Spot Exchange launching in two weeks, the fundamentals are impressive.

And the entry won’t stay low for long. Those seeking the best crypto to buy now have already rushed in to secure $0.00000044 and position for the buyback program. Plus, the 50% World Cup Bonus means higher ROI at no extra cost. Those who miss this window risk missing out on one of the biggest opportunities of the year.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

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Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Solana Launches Onchain Governance With Stake-Weighted Voting for Validators

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Solana Launches Onchain Governance With Stake-Weighted Voting for Validators


Solana Foundation announced Wednesday that onchain governance is live on the network, letting validators propose and vote on protocol-level decisions through a system called Solana Governance Proposals, or SGPs. The mechanism is fully onchain, stake-weighted and verified by Merkle proof, according… Read the full story at The Defiant

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Bitcoin Taps $60K As Investors Grapple With Rate Hike, Record ETF Outflows

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Bitcoin Taps $60K As Investors Grapple With Rate Hike, Record ETF Outflows

Key takeaways:

  • Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000.
  • Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold.

Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies.

US 5-year Treasury yield (left) vs. Bitcoin/USD. Source: TradingView

The US 5-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as inflation eventually eases and WTI crude oil prices fell to a 4-month low, investors anticipate monetary expansion. Regardless of how the Fed manages interest rates and its balance sheet, the US Treasury dictates debt issuance trends.

Implied odds of FED interest rates on Sept. 16. Source: CME FedWatch Tool

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US government bond futures implied 64% odds of interest rate hikes by September, up from 23% one month prior. The higher expected return on fixed-income investments came as the US dollar strengthened against other major global fiat currencies, which is especially concerning for alternative hedges such as gold and Bitcoin.

Gold/USD (left) vs. US dollar strength (DXY). Source: TradingView

Despite the gains on Wednesday, gold prices are down 12% in two months, while the US dollar strength (DXY) nears its highest mark in one year. This vote of confidence in the US economy partly stems from AI sector strength, evident in the 25% gains in the Nasdaq 100 index. However, some specific tech sub-sectors have recently signaled weakness, which could act as a catalyst for Bitcoin and gold.

Could the AI sector cool off act as a catalyst for Bitcoin?

Micron (MU US) and SanDisk (SNDK US) shares saw intraday losses exceeding 9% on Wednesday after competitors SK Hynix (000660 KR) and Samsung (005930 KR) announced plans to expand capacity. Still, the move can hardly be deemed a trend reversal as the iShares SOX Semiconductor Index ETF (SOXX US) gained 78% in three months.

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Continued outflows from US-listed spot Bitcoin exchange-traded funds (ETFs) have shattered bulls’ hopes, reinforcing a negative price spiral as negative news gets amplified while positive events barely register. 

US-listed spot Bitcoin ETFs daily net flows, USD. Source: SoSoValue

Regardless of the rationale behind the sales, Bitcoin’s weakness, 53% below its all-time high, does not inspire confidence in the $60,000 support level.

Strategy (MSTR US) increased its cash position to restore a healthy 17 months of dividend coverage on Monday. However, Strategy’s variable-rate Stretch preferred stock (STRC US) continued to trade far from the $100 target required for additional issuances. The STRC dividend rose to 12% from 11.5%, which was apparently not enough to entice more buyers.

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Related: Bitcoin just $5K away from ‘best investment opportunity’ of bear market

Bitcoin might have temporarily benefited from Fed Chair Warsh’s concerns about persistent inflation, but rising expectations for higher interest rates and strong earnings momentum in the AI sector may continue to exert negative pressure on Bitcoin. As a result, a sustainable rally to $65,000 could take longer.

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Advanced solutions for assured market navigation

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Advanced solutions for assured market navigation

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

UmexGain offers traders access to multiple asset classes, market analysis, educational resources, and tools designed to support informed trading.

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Summary

  • UmexGain combines multi-asset trading, market analytics, and educational resources to support informed trading decisions.
  • The platform offers diverse financial instruments, analytical insights, and learning tools for traders of all experience levels.
  • It enhances trading with broad market access, educational content, and timely analytics for global investors.

When choosing a broker, traders consider the variety of assets, the quality of analytical support, the convenience of services, and the availability of learning materials. These elements offered by UmexGain are essential for making market participation both more comfortable and more productive.

The company provides a comprehensive approach to client support, combining a wide selection of instruments with up-to-date analytical resources. This format enables each user to select a suitable trading style, enhance their knowledge, and receive the timely information needed to make informed decisions.

Broad asset base

One of UmexGain’s key advantages is the extensive array of available assets. Clients can work with various financial instruments, including currency pairs, stocks, indices, commodities, and cryptocurrencies. Each tool features unique properties, allowing for versatile market applications.

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The inclusion of digital assets, which continue to play a significant role in the global financial system, deserves special mention. This allows the company’s clients to use the ever-growing opportunities within modern financial markets and craft diverse trading strategies tailored to their preferences.

This broad selection of instruments helps UmexGain customers focus on areas of greatest interest. The ability to choose from various asset classes also adds flexibility to the trading process and opens up new avenues for executing individual strategies and effective portfolio diversification.

Analytics and education

High-quality information support is essential for success in financial markets. UmexGain provides clients with all the data necessary to make informed decisions in a timely manner. This includes learning materials, helping beginners master the fundamentals of trading while allowing experienced professionals to refine their strategies. This data is presented in a user-friendly format, offering an introduction to core trading principles, market specifics, analysis methods, and strategies for building a personal plan.

Timely analytics enables the assessment and comparison of different assets’ prospects. It helps users track key events, monitor the performance of various instruments, and gain insights to assess market conditions. This allows clients to quickly process current information and use the data to inform their next steps.

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The combination of learning resources and analytical support creates an optimal environment where UmexGain customers can continuously expand their knowledge. This approach fosters confident skill development, regardless of the user’s experience level.

Seamless trading experience

A modern broker must provide a convenient environment for daily activities. UmexGain strives to make the trading experience as intuitive and streamlined as possible. A well-organized interface ensures that key features are easy to locate, allowing users to focus on market analysis and implementing deals.

The combination of diverse tools and comprehensive information support offers a significant advantage. This approach allows users to dedicate more time to identifying new opportunities, developing their strategies, and honing their practical skills. Regardless of experience level, every client gains access to resources that help them navigate financial markets with greater confidence.

Summing up

UmexGain is a broker that combines a wide range of assets, modern trading capabilities, and high-quality information support. A vast array of financial instruments, including cryptocurrencies, enables clients to utilize the expanding opportunities of modern financial markets and select the most promising areas for their activities.

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A key advantage of the company is its comprehensive user support. UmexGain provides clients with the information needed to make well-informed decisions in a timely manner, offering learning resources to master key trading concepts and refine strategies, alongside up-to-date analytics for evaluating and comparing the prospects of various assets. The combination of a diverse range of instruments, learning materials, and current market analysis makes UmexGain an attractive choice for those seeking to expand their knowledge and confidently pursue their goals.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Ethereum Banks on Institutional Interest to Save ETH as Price Remains 70% Below Peak

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Ethereum Price Performance. Source: TradingView

Ethereum Institutional launched Wednesday, the ecosystem’s second nonprofit in nine days, backed by Tom Lee’s BitMine, SharpLink Gaming and co-founder Joe Lubin.

The launches show the backers doubling down while price stays weak. Ether (ETH) trades near $1,600, down about 67% from its 2025 peak.

Ethereum Price Performance. Source: TradingView
Ethereum Price Performance. Source: TradingView

Two Nonprofits in Nine Days

Ethereum Institutional follows the research nonprofit Ethlabs, which launched on June 22. Its backers cast Ethlabs as readying the network for an institutional supercycle.

Both share the same anchor funders and the same aim, drawing institutional interest to Ethereum. The launches come as the Foundation keeps narrowing its core role to protocol stewardship.

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The funders are heavily exposed to ETH. BitMine, the largest corporate holder, controls about 5.7 million ETH, or roughly 4.7% of supply, per a late-June company disclosure. SharpLink, the second-largest treasury, added 10,000 ETH just before the launch.

BitMine and SharpLink among Top 2 Ethereum Treasuries. Source: Coingecko
BitMine and SharpLink among Top 2 Ethereum Treasuries. Source: Coingecko

ETH traded near $1,610 as of this writing, up almost 5% over 24 hours. However, the largest altcoin on market cap metrics still sits about 67% below its August 2025 record high. That is a steeper drop than Bitcoin (BTC), which trades about 53% below its own peak.

The token has spent 2026 near the low end of its range. The backers are wagering that institutional demand can lift ETH before price follows.

Ethereum Price Performance. Source: TradingView
Ethereum Price Performance. Source: BeInCrypto

Ethereum Institutional’s Neutral Front Door

Ethereum Institutional describes itself as a credible, independent front door for institutions assessing the network, according to its website. Its founding team previously built the Ethereum Foundation’s enterprise function.

David Walsh, Marius Smith and Matthew Dawson lead the organization. Walsh earlier ran the Foundation’s enterprise efforts.

The nonprofit set five priorities from day one. These span institutional engagement, market intelligence, ecosystem marketing, industry research and events. More supporters are expected soon.

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“The world’s largest institutions are deciding where tokenization, stablecoins, and onchain markets will settle. We’re ready to make Ethereum the base layer for institutional finance,” read an excerpt in the announcement.

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Standard Chartered Sees a Bigger Opportunity

Geoff Kendrick, global head of digital assets research at Standard Chartered, called the two launches important for Ethereum’s commercialization. He said they arrive as TradFi enters the network at scale, filling a longstanding gap in Ethereum’s institutional outreach.

“This commercialization is central to ensuring Ethereum capitalizes on its current lead towards becoming the settlement layer of the global economy,” Kendrick wrote in a client note.

Kendrick sees Ethlabs and Ethereum Institutional as complementary. One readies the protocol, while the other brings institutions through the door.

Tom Lee, who chairs BitMine, welcomed the launch, after floating a long-term ETH target of $250,000, betting tokenization pulls institutions onchain.

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The ambition runs ahead of the price. Whether the two nonprofits convert institutional interest into demand will show in the months ahead.

The post Ethereum Banks on Institutional Interest to Save ETH as Price Remains 70% Below Peak appeared first on BeInCrypto.

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Bitcoin Bounces Off 21-Month Low But Will Bulls Hold The Line?

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Bitcoin Bounces Off 21-Month Low But Will Bulls Hold The Line?

Bitcoin (BTC) traded as high as $60,200 on Wednesday, up about 2.7% over the past 24 hours after falling to a 21-month low of $57,737 earlier in the session. Ether (ETH) and Solana (SOL) also gained, up 3% and 4.85%, respectively. 

The bounce took place amid deep investor caution, with sentiment trackers gauging the balance of fear and greed in crypto markets currently reading around 11 out of 100, in “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down roughly a third since the start of the year. 

Crypto Fear & Greed Index. Source: Alternative.me

Bitcoin dip-buyers overshadowed by fear of future selling

Investors’ cautious stance shows up differently depending on what data is analyzed. US spot Bitcoin exchange-traded funds (ETFs) have seen more money leave than enter in recent weeks, including a reported $4.5 billion total outflow in June, the largest since the funds launched. 

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At the same time, onchain data shows that long-term holders added roughly 270,000 BTC over the past two weeks. That is generally read as a sign that some bigger investors see the recent decline as an opportunity rather than a reason to sell. 

Looking at the past few days, one useful gauge is the funding rate. That figure has stayed positive for three straight days, meaning bets on rising prices have remained crowded even as Bitcoin fell to new lows. When leverage builds up on one side of the market like this while price is weak, it can add to volatility, since more traders become exposed to being forced out of their positions if the market moves further against them. 

Bitcoin open interest, funding rate. Source: Hyblock

Liquidations continue to define the price action

A broader look at where leveraged positioning is concentrated, combining data from three major exchanges over the past week, shows the heaviest concentration of positioning is roughly between $57,000 and $60,500, which closely wraps around the range Bitcoin has traded in since late June. That concentration thins out noticeably above about $61,000 to $62,000, and again below about $55,000 to $56,000. 

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Bitcoin liquidation heatmap, 3-day look back. Source: Hyblock

In practical terms, most of the leverage that could be forced to unwind sits close to the current price rather than in a distant zone, so a decisive move beyond roughly $61,000 on the upside, or $56,000 on the downside, is where forced position closures would likely have the most room to accelerate a move.

The view for the next 24 hours leans neutral and a genuine shift in positioning would likely need to show up as rising leveraged positioning alongside a rising Bitcoin price, a combination that has not yet appeared in the data.

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Brent Crude Oil Erases Entire War Premium, Falls 40% to Pre-War Levels

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Brent Crude Oil Erases Entire War Premium, Falls 40% to Pre-War Levels

Brent crude oil has erased its entire war premium, sliding roughly 40% from its March peak near $120 to trade around $72.25 on Wednesday. The move returns oil to its pre-war support base.

The retreat follows stalled diplomacy between Iran and the United States. Traders have shifted focus away from conflict risk and back toward supply, demand, and the broader economic outlook.

Brent Crude Oil Falls Back Into Its Multi-Year Channel

The weekly chart frames the whole story. Brent crude oil has traded inside a descending parallel channel since late 2023. That structure defined the pre-war regime for more than two years.

The channel’s upper band rejected price four separate times through 2024 and early 2026. Each test capped rallies and sent oil back toward the middle of the range.

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Then the conflict changed everything. Price broke out sharply after the Iran-US escalation, with the Doha talks still unresolved. Brent surged into a distribution zone between $104 and $114, peaking near $120.

UKOIL weekly chart. Source: Tradingview

That advance has now fully unwound. The weekly chart shows a 40.02% decline from the peak. Oil has fallen back into the accumulation zone between roughly $60 and $72.

The upper band of the channel now sits directly beneath the price. Old resistance can flip into support, and that band is the first line the bulls must defend.

Daily Triangle Breakdown Pushes RSI to Oversold

The weekly structure hints at support, yet the daily chart complicates that read. Momentum has turned sharply against oil.

Brent crude oil built a symmetrical triangle after the March top. Price coiled between a lower series of highs and a rising series of lows toward an apex near $108.

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The pattern resolved lower. Oil broke down from the triangle in late May and fell in a near-vertical drop as war fears faded around Hormuz shipping lanes.

UKOIL daily chart / Source: Tradingview

Price is now back on the pre-war support zone between $68 and $73. That band held as a base during January and February before the conflict began.

The daily Relative Strength Index (RSI) has fallen below 30. That marks the first oversold reading since April 2025 and signals deeply negative momentum. However, such stretched readings often precede a pause or bounce.

Oil Price Prediction Hinges on the $68 to $72 Support Zone

The two timeframes converge at a single decision point. The weekly upper band, the daily support base, and a rising trendline off the early-year lows all stack up between $68 and $72.

Brent crude oil sits at the top of that confluence near $72.25. The triangle’s widest span measured about $29, and the breakdown near $100 projected toward roughly $71. That target has now been met, suggesting much of the downside has been spent.

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A hold here keeps the pre-war base intact and could open a rebound toward the $80 shelf that broke in June. A daily close back above $80 would ease the bearish pressure.

A loss of $68 would invalidate that thesis. The next support sits near $60 at the accumulation floor, with the lower channel band below it.

Fundamentals could tip the balance either way. Falling US inventories and a supply warning argue for a floor, while a fresh Iranian oil license and cooling war risk keep rallies capped.

Whether oil holds this zone or slides toward $60 now depends on the next Middle East headline, weighed against the forces of supply and demand.

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The post Brent Crude Oil Erases Entire War Premium, Falls 40% to Pre-War Levels appeared first on BeInCrypto.

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Robinhood Rolls out Public Blockchain, Plans Crypto Trading for UK Residents

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Robinhood Rolls out Public Blockchain, Plans Crypto Trading for UK Residents

Stock and cryptocurrency trading platform Robinhood announced the launch of its public mainnet about four months after it began testing the network.

On Wednesday, the company said Robinhood Chain, a layer 2 (L2) blockchain built on Arbitrum, had officially launched after the network went live on testnet in February. The blockchain, which the company described as “AI-native and purpose-built for real-world assets,” comes amid Robinhood’s expansion of crypto- and decentralized finance-related services.

According to Robinhood, it plans to launch crypto trading in the UK soon. The company also said that its tokenized stock products were live and available through its wallet app to users in more than 120 countries. CEO Vlad Tenev called tokenized stocks “inevitable” in January, arguing that offering the products could help prevent trading freezes that sometimes occur on traditional exchanges.

Source: Robinhood

The launch of the public mainnet came just a few weeks after Tenev announced that Robinhood would cut 10% of its workforce as part of a restructuring move. The company is expected to announce its 2026 second-quarter results on July 29, but reported in April that its crypto transaction revenue dropped by almost 50% year-on-year, from $252 million to $134 million.

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Related: Last-minute MiCA approvals mark end of EU transition period

The company also introduced Robinhood Earn, a decentralized product that allows users to lend USDG, a dollar-backed stablecoin, through a self-custody wallet at an estimated 7% annual percentage yield. Robinhood shares rose about 8% on Wednesday.

Base’s L2 network reports back-to-back outages

Robinhood is entering an increasingly competitive L2 market dominated by networks such as Base, the Coinbase-backed blockchain.

In June, Base experienced two outages within hours of each other, which the engineering team later reported had been the result of a sequencer bug. The mainnet is the second-largest layer 2 network by total value secured at about $11 billion.

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Magazine: AI is banking the unbanked in Africa… faster than crypto

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Kroger (KR) Stock Drops 2% Following $1.65 Billion Giant Eagle Acquisition Announcement

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KR Stock Card

TLDR

  • Kroger revealed plans to purchase Giant Eagle in a transaction valued at $1.65 billion, consisting of $1.25 billion cash and $400 million in liability assumption.
  • The acquisition brings approximately $9 billion in yearly revenue, 197 grocery locations, and 11 independent pharmacy outlets.
  • Shares of Kroger declined 2.12% during Wednesday’s session, adding to a year-to-date drop of 12.11%.
  • Transaction completion is anticipated in 2027, contingent upon regulatory clearance.
  • Analysts at Wolfe Research characterized the acquisition as evidence Kroger is operating “more offensively,” projecting approximately 6% revenue growth.

Shares of Kroger (KR) slipped 2.12% during Wednesday trading following the supermarket operator’s announcement that it would purchase family-run grocery chain Giant Eagle in a $1.65 billion transaction.


KR Stock Card
The Kroger Co., KR

The transaction structure includes $1.25 billion in cash consideration alongside $400 million in liability assumption. The Cincinnati-based retailer stated the purchase won’t push its net total debt to adjusted EBITDA multiple beyond its designated target corridor of 2.3 to 2.5 times.

Giant Eagle maintains a footprint of 197 grocery stores and 11 independent pharmacy locations throughout northern Ohio, western Pennsylvania, West Virginia, Maryland, and Indiana—regions where Kroger maintains an established market position.

The regional chain generates approximately $9 billion in yearly sales—a substantial contribution to Kroger’s operations.

Greg Foran, Kroger’s Chief Executive Officer, characterized the transaction as an obvious “strategic fit,” highlighting Giant Eagle’s customer loyalty initiatives, pharmaceutical services, and proprietary brand offerings as valuable assets.

What the Numbers Look Like

Greg Badishkanian, an analyst at Wolfe Research, noted the purchase aligns with Kroger‘s leadership team’s “increased openness to do M&A” and will enable the retailer to strengthen its store concentration while expanding into neighboring territories.

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Wolfe’s analysis suggests Giant Eagle’s EBIT margins fall within the 2.0–2.5% range—comparable to Albertsons—and anticipates an additional EBIT contribution between $200 million and $250 million.

With Kroger’s sales forecast to reach $151 billion by 2027, the acquisition would increase total revenue by approximately 6%, bringing it to roughly $160 billion. Badishkanian anticipates modest EPS accretion during the second complete year following transaction closure.

The 197 additional locations would expand Kroger’s total store portfolio by roughly 7% from its existing network of 2,739 stores.

When Does the Deal Close?

Kroger anticipates finalizing the Giant Eagle acquisition in 2027, pending regulatory approval and customary closing requirements.

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The grocery retailer indicated the transaction will contribute positively to adjusted EPS during the second complete year post-closure—when excluding one-time transaction expenses and integration-related costs.

To reassure shareholders, the company reaffirmed its commitment to maintaining dividend distributions and continuing its $2 billion stock buyback initiative.

Wednesday’s trading volume registered approximately 1.86 million shares, significantly below Kroger’s three-month average daily volume of roughly 7.77 million.

KR shares have declined 12.11% year-to-date and dropped 20.93% over the trailing twelve-month period.

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Analyst sentiment on KR reflects a Moderate Buy consensus, comprising six Buy recommendations and seven Hold ratings issued within the past three months. The mean price target stands at $69.33, suggesting potential upside of approximately 27.4% from present levels.

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Tradeweb Completes Tokenized US Treasury Trade on Canton

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Tradeweb Completes Tokenized US Treasury Trade on Canton

Tradeweb, an institutional electronic trading platform, has executed an onchain transaction involving tokenized US Treasuries, with Franklin Templeton transferring a tokenized Treasury security to Virtu Financial in exchange for tokenized cash over the Canton Network.

Tradeweb provided execution and price discovery, while the Canton Network synchronized settlement between the tokenized Treasury and tokenized cash. The companies said the trade settled in real time, but did not disclose its size.

A Tradeweb spokesperson told Cointelegraph the deal marked the industry’s first real-time purchase and sale of a tokenized US Treasury settled against USDCx, a USDC-backed stablecoin issued on Canton. Participants included Blockdaemon, Digital Asset, Societe Generale, Franklin Templeton, Tradeweb and Virtu Financial.

According to the announcement, the transaction precedes the planned launch of the Depository Trust & Clearing Corporation (DTCC) Tokenization Services later this year. DTCC said the service will allow participants to tokenize select stocks, exchange-traded funds (ETFs) and US Treasury securities while maintaining the same investor protections and ownership rights as traditional assets.

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Related: Franklin Templeton launches dedicated crypto division after closing 250 Digital acquisition

The transaction is also the latest step in Franklin Templeton’s expansion into tokenized financial assets. Earlier this year, the asset manager partnered with Binance to let institutions use tokenized money market fund shares as trading collateral while the assets remained in regulated custody, and with Ondo Finance to bring tokenized ETFs onto blockchain networks.

Governments expand tokenized bond initiatives

Governments have also been expanding efforts to bring sovereign debt onto blockchain infrastructure. Several jurisdictions have launched digital bond programs to test blockchain-based issuance, settlement and market infrastructure.

Hong Kong was among the first jurisdictions to issue tokenized government bonds, launching its inaugural digital green bond in 2023. The government completed its third digital green bond issuance in November 2025, raising HK$10 billion ($1.3 billion) across four currencies, which it said was the world’s largest digital bond issuance at the time.

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Last month, Hong Kong said it would build a digital asset platform through the Hong Kong Monetary Authority to support the issuance and settlement of tokenized bonds, with plans to expand the infrastructure to other digital assets and connect it with tokenization platforms across the region.

Elsewhere, the UK government appointed HSBC Orion to support its Digital Gilt Instrument pilot, which is designed to test blockchain-based issuance, settlement and secondary trading of government bonds.

Meanwhile, tokenized US Treasury products have grown into a $14.6 billion market, according to data from RWA.xyz. The sector spans 84 on-chain products and is the largest segment of the tokenized real-world asset market.

Tokenized US treasuries. Source: RWA.xyz

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