Web
Please enter a search for web results.
News
Plasma [XPL] loses steam after airdrop surge – Is the 'new chain' buzz over?
38+ min ago (417+ words) Token unlocks, shrinking demand, and fading users now shape Plasma's short-term risk. Upcoming unlocks, collapsing activity, and a sharp drop in stablecoin TVL weakened XPL's short-term structure. DEX volume, daily users, and transaction counts fell steadily through November, aligning with a bearish technical setup. Plasma dropped more than 11% in recent hours, even as the broader market traded green for most of the day. The decline put Plasma [XPL] alongside Starknet [STRK], which also posted double-digit losses during the same window. XPL extended its downtrend after the post-launch hype faded. That early rally had been supported by an airdrop worth about 10,000 XPL for initial users. As price cooled, on-chain activity followed the same path, weakening the token's momentum. The first wave of selling stemmed from the upcoming unlock on the 25th of November. About 88.88 million XPL, valued at $18.13 million, was set to…...
Bittensor rallies after TAO ETP debut - Is a breakout toward $400 next?
52+ min ago (427+ words) TAO's price is accumulating bullish momentum as key areas hint at a potential breakout. Safello's new TAO ETP listing boosted liquidity and pushed monthly trading volume up 31% to $10B. A bullish stochastic RSI bounce, rising volume, and a major liquidity cluster at $400 suggest upward continuation. TAO's prices have been on a steady surge over the last few days, and the momentum appears to be holding firm. The gains follow Safello's TAO ETP listing on the SIX Swiss Exchange five days ago, an event that has quickly translated into stronger liquidity and broader market participation. Since the listing went live, Bittensor's [TAO]monthly trading volume has jumped by 31% to hit $10 billion, signalling growing confidence among both retail and institutional participants. Bullish pressure continued to build over the last 24 hours. On the daily chart, at press time, TAO appeared to be pressing against…...
Stablecoin de-pegs: USDe, xUSD, and the aftermath of the October market crash
1+ hour, 51+ min ago (478+ words) Crypto market is still under pressure from the October crash. They triggered forced liquidations and a DeFi bank run that accelerated losses." The synthetic stablecoins, especially USDe, have lost half of their market caps since the October crash." Alt HDs Synthetic Stablecoins depegs: Inside the USDe and xUSD crisis From USDe to xUSD: How Stablecoin depegs accelerated crypto's downfall The crypto market is still reeling from the aftermath of the 10 October crash " A liquidation cascade triggered by the de-pegging of Ethena's synthetic dollar, USDe, on the Binance exchange." In fact, Fundstrat CIO Tom Lee called the automatic liquidation feature or ADL as a "bug" that should have been fixed by pulling price data from other venues. He added that the cascade destroyed capital and weakened market liquidity." For the unfamiliar, the ADL (auto-deleveraging) acts like a margin call, closing one's…...
What happened to crypto market today - Mild recovery, but where is smart money?
2+ hour, 52+ min ago (453+ words) Rebound on bid support, smart money still on the sidelines. Despite a mild rebound, extreme fear shows that broader capital hasn't entered the crypto market today, keeping smart money cautious. Bullish signs like rising whale holdings and institutional interest in DOGE/XRP ETFs indicate the market still has upside potential. The crypto market today registered a mild rebound." Bitcoin [BTC] retested $88,000, sparking debate over whether it has bottomed or if selling pressure is still weighing on the market. Ethereum [ETH] followed, climbing back above $2,800." All in all, has the market turned bullish? On the macro side, nearly $50 billion flowed into the crypto market over the last 24 hours." Notably, $30 billion of that went straight into Bitcoin. That's 60% of inflows, a sign that traders are still favoring BTC over altcoins, keeping this cycle BTC-led. The result? The Altcoin Season Index slipped by…...
U.S. markets add DOGE ETF! Is this crypto’s most surreal moment yet?
4+ hour, 52+ min ago (724+ words) The internet has forced Wall Street to listen. Because a $22 billion memecoin is treated as a serious asset by U.S. regulators and Wall Street. Culture-driven coins " and internet communities " now influence mainstream financial markets. The line between "serious asset" and "silly meme" has always been thinner than people liked to admit. And now, Dogecoin ETFs sit on the same shelf as blue-chip ETFs, and no one is laughing it off. If anything, this listing is bigger than Dogecoin itself. It means that humor and speculation can coexist with legitimacy. Perhaps that's exactly what investors want. Dogecoin [DOGE] started in 2013 as a parody of crypto culture: a Shiba Inu, Comic Sans captions, and a community built on tips, memes, and chaos. But the joke didn't stay small. It quickly grew into one of the internet's most devoted subcultures, fueled by viral Reddit…...
Hyperliquid prepares for $316 mln unlock - Investors split on price reaction
5+ hour, 52+ min ago (423+ words) Will HYPE hold above $30 ahead of 10M token unlock? It's intended for the token unlock scheduled for the 29th of November." Mixed. Large players expect a 10% dip to $28, while other analysts projected a rebound at $30." The team behind Hyperliquid has reportedly unstaked $316 million worth of HYPE ahead of the token unlock scheduled for the 29th of November." According to a pseudonymous analyst, Avseenko, most players were either farming HYPE through its DeFi ecosystem or shorting it. However, he cautioned that there was no strong bidding from the spot markets." Tokenomist data showed that about 3.6% of HYPE circulation, or 10 million HYPE, will be unlocked over the weekend to support the founders and team." It's one of the major unlocks to be tracked this week, given the project's success and the FUD it has caused in the past." In the next 24 months, Hyperliquid [HYPE] will…...
Plama [XPL] loses steam after airdrop surge – Is the 'new chain' buzz over?
6+ hour, 51+ min ago (417+ words) Token unlocks, shrinking demand, and fading users now shape Plasma's short-term risk. Upcoming unlocks, collapsing activity, and a sharp drop in stablecoin TVL weakened XPL's short-term structure. DEX volume, daily users, and transaction counts fell steadily through November, aligning with a bearish technical setup. Plasma dropped more than 11% in recent hours, even as the broader market traded green for most of the day. The decline put Plasma [XPL] alongside Starknet [STRK], which also posted double-digit losses during the same window. XPL extended its downtrend after the post-launch hype faded. That early rally had been supported by an airdrop worth about 10,000 XPL for initial users. As price cooled, on-chain activity followed the same path, weakening the token's momentum. The first wave of selling stemmed from the upcoming unlock on the 25th of November. About 88.88 million XPL, valued at $18.13 million, was set to…...
Newbies buy what OGs sell: Bitcoin enters major holder shake-up
7+ hour, 52+ min ago (540+ words) There's more to the story than long-term holders simply selling. LTHs have sold 1.4M BTC since March, redistributing supply to ETFs, treasuries, and new market participants'further decentralizing ownership. STHs are selling at heavy losses, with SOPR near zero, signaling capitulation but also a potential mid-term reversal zone. Bitcoin is in one of its most bearish phases in a long while. From its all-time high, the asset has declined by roughly 31%. This decline has sparked debate over whether it marks the start of a broader bear market, based on how Bitcoin [BTC] is moving between different holder cohorts. AMBCrypto's analysis explores what long-term and short-term holder behavior, as well as institutional adoption, could mean for price direction. Long-term holders, typically defined as those holding BTC for more than six months, have added notable pressure to the market. Since March 2024, these investors have…...
Aster or Hyperliquid: Which DEX token stands stronger after November’s split?
8+ hour, 51+ min ago (413+ words) Aster was up 10.36% in November, while Hyperliquid was down nearly 29% this month. The decentralized exchange perp trading volume was similar, while ASTER posted gains this month, while HYPE noted sizeable losses on the charts. The P/F ratio showed that, compared to its fees, Aster could be dramatically overvalued, while Hyperliquid was less extreme. Aster saw a 0.56% price drop in the past 24 hours, with a daily trading volume of $514.92 million, measured at the time of writing. At the same time, Hyperliquid was down by 1.54%, and was trading at $31.17. The altcoins were down for the day, partly due to the price action of Bitcoin in recent hours. Moreover, the market remained in a fearful state. Neither decentralized exchange token would likely see a quick rally in the coming days. Yet, Aster [ASTER] caught market participants" attention for overshadowing Hyperliquid [HYPE] in…...
Canton Network hits crossroads: Buyers push up price, but CC warns of...
9+ hour, 52+ min ago (511+ words) Canton Network surged 13%, defending key support level as demand recovered. Buyers returned aggressively, with a strong buy-sell delta and record negative netflow showing dominant demand. Open Interest jumped 11.87%, volume surged 87%, and long positions slightly outpaced shorts. After Canton Network went live on exchanges two weeks ago, it skyrocketed to an all-time high of $0.21. Shortly after, though, Canton [CC] crashed, dropping to a low of 0.72. After a period of closing at lower lows, the market has signaled a potential recovery.In fact, CC successfully held $0.074 support and touched a local high of $0.087. As of this writing, Canton was trading at $0.085, up 13.21% on the daily charts. At the same time, Volume surged 358% to $351 million, while market cap reclaimed $3 billion, reflecting an influx of liquidity. But why is Canton Network up today? As Canton's price decline prolonged, holders and investors panicked and sold,…...