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Surges

XLM Surges 4.30% Amid Volatile Trading Session

by admin September 11, 2025

XLM posted sharp swings in the latest 24-hour trading cycle, oscillating within a $0.017 band that marked a 4.3% fluctuation between $0.379 and $0.396. The token’s rally took shape around midnight on September 11, when prices climbed from $0.384 to a high of $0.396 by mid-morning.

The upward push came alongside a surge in market activity, underscored by a 112 million unit spike in volume at noon — far above typical averages. Still, the momentum faltered, and XLM slipped back to $0.387, confirming firm resistance in the $0.394 to $0.396 zone.

The broader trading context highlighted the interplay between macro and micro forces. Market-wide institutional participation and broader crypto sentiment amplified volume, while technical ceilings limited sustained advances.

Traders saw buyers consistently absorbed at the $0.394-$0.396 range, while accumulation near $0.379-$0.381 underscored an emerging support base.

On a shorter horizon, XLM’s performance between 1:14 and 2:13 p.m. on September 11 captured the consolidation dynamic. The asset held to a tight $0.003 range, fluctuating between support at $0.386 and resistance at $0.389.

During this window, two short-lived bursts of bullish activity briefly pushed the price to $0.389 on strong volume, only to face immediate rejection. The repeated failures at this level reinforced the significance of $0.389 as a ceiling in line with the 24-hour trend.

Taken together, the pattern reflects a market still testing its boundaries. While high-volume surges showcase interest and participation, repeated rejection at resistance levels signals distribution pressure limiting upside potential. For traders, the technical story hinges on whether XLM can convert $0.389 into support, or whether continued selling will force another retest of the $0.379-$0.381 base.

XLM/USD (TradingView)

Technical Indicators Breakdown

Volume Analysis: Extraordinary 112.18 million volume surge dramatically exceeded standard 24-hour benchmarks, signaling institutional participation.
Support Levels: Robust support establishment identified within $0.379-$0.381 range where accumulation interest previously developed.
Resistance Zones: Definitive resistance confirmed at $0.394-$0.396 level featuring multiple rejection instances on amplified volume.
Price Range: 4.30% volatility spectrum illustrates substantial intraday trading possibilities for engaged market participants.
Breakout Pattern: Bullish breakout initiative from midnight session failed to maintain upward momentum beyond critical technical barriers.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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September 11, 2025 0 comments

NFT Gaming

HBAR Surges 5% Despite Volatile Trading Session

by admin September 11, 2025

Hedera’s HBAR token saw a volatile 23-hour stretch between Sept. 10 and 11, swinging in a narrow 5% band between $0.23 and $0.24. The token dipped to its $0.23 support level early in the session before rebounding on heavier-than-usual trading volumes. Daily volume averaged 35.4 million, but activity surged to 156.1 million by midday Sept. 11 as institutional money appeared to flow in, propelling HBAR back toward the $0.24 ceiling.

Despite the rally, HBAR struggled to break through resistance at $0.24, where strong selling pressure emerged. The rejection at this technical level underscored the significance of $0.23 as firm support and $0.24 as a critical barrier for further gains. Analysts note that a close above $0.24 could open the door to a 25% rally toward the $0.25 target, but failure to breach resistance leaves the token range-bound in the $0.21–$0.23 corridor.

The surge in trading activity coincided with regulatory developments. On Sept. 9, Grayscale filed with the U.S. Securities and Exchange Commission (SEC) to convert its Hedera HBAR Trust into an exchange-traded fund (ETF), alongside similar filings for Bitcoin Cash and Litecoin. The SEC has set a Nov. 12 deadline to decide on the proposed Nasdaq listing, making the next two months pivotal for HBAR’s institutional adoption prospects.

The ETF filing has stoked demand from traditional asset managers seeking broader exposure to digital assets. With regulatory clarity on the horizon, HBAR’s price action reflects a tug-of-war between bullish institutional interest and technical barriers. Market participants will be watching closely whether the SEC’s decision provides the breakout catalyst HBAR needs to test higher levels.

HBAR/USD (TradingView)

Technical Indicators Summary

$0.011 trading range equals 5% spread from $0.23 low to $0.24 high over 23-hour period.
Strong $0.23 support holds on 37.8 million volume reversal.
Breakout volume hits 156.1 million during recovery. Institutional flows confirmed.
Key $0.24 resistance triggers massive volume reversal. Heavy selling pressure evident.
Final hour volatility September 11 13:14-14:13 shows $0.0072 range between $0.24 levels.
Sharp reversal at $0.24 resistance on 2.28 million volume spike creates rejection pattern.

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September 11, 2025 0 comments

GameFi Guides

ENA Surges on Binance USDe Listing and $500M Buyback Hopes

by admin September 9, 2025

Governance token of decentralized finance protocol Ethena ENA$0.6692 surged on Tuesday to its strongest since late January as the protocol has made a big step towards activate a fee switch that would share protocol revenues to token holders.

The token hit 87 cents in the early hours, advancing 8.3% over the past 24 hours, CoinDesk data shows. It’s up over 20% in a week.

The latest surge occurred as Binance, the largest crypto exchange by volume, said on early Tuesday it will introduce trading with USDe, Ethena’s $13 billion yield-generating token, on its platform starting Wednesday.

Listing the token on top exchanges is a key requirement for Ethena to enable the fee switch mechanism, sharing protocol profits with ENA token holders. The protocol made $54 million in revenues last month and over $480 million since its launch in late 2023, Token Terminal data shows.

“With the Binance USDE listing ENA fee switch is going to get turned on. That unlocks $500m of buybacks,” said Arthur Hayes, BitMEX co-founder and a prominent investor in Ethena.

Ethena catalysts

Besides the listing, there’s been a lot going for Ethena recently.

Ethena’s USDe token mushroomed to nearly $13 billion from $5.5 billion in-mid July as crypto investors chase yields. USDe, marketed as a “synthetic dollar,” uses bitcoin BTC$112,671.11, ether (ETH) and Solana’s SOL (SOL) as backing assets, pairing them with an equal value of short perpetual futures positions.

The strategy generates revenue on its backing derivative assets when the perpetual funding rates are positive and passes on some of the income as yield to investors. USDe currently pays out 6.5% annualized yield for those who stake their tokens, higher than traditional money market funds and USDC, USDT lending rates on DeFi lender Aave.

Ethena is also taking part in the digital asset treasury fever that’s captivating stock markets. StablecoinX and TLGY, two firms about to merge and get listed on Nasdaq, raised $530 million to accumulate ENA tokens as a public vehicle.

The protocol also participate in the booming stablecoin issuance business. It’s launching the native stablecoin for Ethereum scaling network MegaETH and hinted at entering the competition to issue popular derivatives exchange Hyperliquid’s upcoming stablecoin.

Read more: Crypto for Advisors: The Mechanics of Generating Yield On-Chain

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September 9, 2025 0 comments

Crypto Trends

Eightco Stock Surges 3,000% On Worldcoin Treasury Plan

by admin September 9, 2025

Shares in an e-commerce inventory management platform rocketed over 3,000% in a day after announcing plans to buy and hold Worldcoin, the cryptocurrency behind Sam Altman’s eye-scanning digital identity project.

Eightco Holdings said on Monday that it was looking at a share sale targeting gross proceeds of around $250 million to “implement the first-of-its-kind Worldcoin treasury strategy.” The sale comprises a private placement of 171.23 million common shares for $1.46 each.

It added BitMine Immersion Technologies, which has the largest Ether (ETH) holdings among public firms, and has purchased 13.7 million common shares for $20 million.

Eightco is the latest in a series of non-crypto companies that have started stockpiling cryptocurrencies. The trend has sparked some concerns about the health of such firms as the market gets more crowded.

Eightco shares close trading up 3,000%

Shares in Eightco Holdings (OCTO) closed trading on Monday up nearly 3,009% at $45.08, cooling from an intraday high of over $80 but rising from its $1.45 close on Friday.

The stock’s rally cooled slightly after hours, dropping almost 6% to $42.40.

Eightco’s stock surged on Monday after announcing its Worldcoin treasury. Source: Google Finance

Eightco said its $250 million offering is expected to happen on Thursday with participation from the World Foundation, Kraken and FalconX, among others.

It will use the funds to buy Worldcoin (WLD) as a “primary treasury reserve asset, while continuing its focus on the core business operations.” It may also buy Ether (ETH) as a secondary asset.

It added that it plans to change its ticker symbol on the Nasdaq to “ORBS” that same day, referencing the eyeball-scanning devices used by Worldcoin issuer World Network.

Altman, the co-founder and CEO of OpenAI, founded the project to authenticate humans online, giving them Worldcoin and access to an ecosystem of partner companies in exchange for scanning their eyes.

The project has caught the ire of regulators for violating privacy laws and has seen its operations restricted, suspended and outright banned in some countries.

“If we succeed on our mission, World might become the largest network of real people online, fundamentally changing how we interact and transact throughout the Internet,” Altman said in a statement.

Eightco names Dan Ives as chairman

Eightco said that Dan Ives, the head of tech research at brokerage Wedbush Securities, would join as chairman of the board.

Ives is known for his high-profile takes on the tech industry, claiming in December that the tech sector would be in a bull market for up to three years. He also launched an exchange-traded fund earlier this year tracking companies in the artificial intelligence space.

Related: ARK Invest buys $4.4M in BitMine stock as its treasury crosses 2M ETH

Ives said his appointment marks ”the next step in the AI revolution around authentication and Proof of Human.”

“The future of AI requires World to lead the way in this AI-driven Fourth Industrial Revolution,” he added.

World gains on Eightco’s treasury pivot

Meanwhile, Worldcoin has gained 49.2% in the past 24 hours on Eightco’s treasury plan.

The token is trading at $1.54 and has enjoyed a rally of 80.5% in the past seven days.

Earlier this year, on April 7, Worldcoin sank to an all-time low of around 58 cents, but made a comeback alongside the crypto market. It is, however, down about 87% from its peak of $11.74 in early March 2024.

AI Eye: ‘Accidental jailbreaks’ and ChatGPT’s links to murder, suicide

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September 9, 2025 0 comments

GameFi Guides

Aethir price surges 43% amid fresh spike for DePIN tokens

by admin September 8, 2025

Aethir’s price soared as the cryptocurrency market registered an uptick, with the token’s gains outpacing those across the decentralized physical infrastructure networks ecosystem.

Summary

Aethir price rose 43% to hit highs near $0.045.
Gains saw the token outpace Bittensor, Render and other top DePIN coins.
The bounce for ATH comes as cryptocurrencies mirror the bullish outlook across risk asset markets ahead anticipated Federal Reserve interest rate cut.

The Aethir (ATH) token traded to an intraday high near $0.045 as price spiked more than 43% in the past 24 hours. Per market data, the altcoin’s value jumped from lows of $0.030 to climb as high as $0.04437 across cryptocurrency exchanges.

ATH traded around $0.042 at the time of writing, the highest mark since Aethir peaked at $0.041 on June 16, 2025. That surge came as Aethir announced a key partnership with stablecoin platform Credible Finance, unveiling the first decentralized physical infrastructure network-powered crypto credit card.

Aethir price chart. Source: crypto.news

While the token’s price nosedived to lows of $0.025 in mid-July, bulls failed to capitalize on a rebound in late July and again in mid-August as bears held around $0.037. However, the latest bounce sees buyers breach this technical barrier, a supply wall that could now act as support after the price also pierced the $0.040 mark.

Price sees Aethir outpace DePIN peers

Aethir price surged on Sept.8 alongside bullish performance across crypto.

Bitcoin (BTC) crossed back above $112k and Ethereum (ETH) moved above $4,330. Mainly, cryptocurrencies remain upbeat as risk assets trend higher ahead of the highly anticipated Federal Reserve meeting, where the central bank is expected to cut interest rates for the first time in months. Experts say recent macroeconomic data suggest the odds of a 50-basis-point cut have increased.

The upbeat market activity for top coins thus also saw DePIN tokens rise. Bittensor (TAO) Render (RENDER) and Arweave (AR) are among DePIN tokens to push weekly gains into double-digit territory, while the segment’s market capitalization rose 3% to over $34.8 billion and daily volume increased 25% to more than $4.2 billion.

For Aethir, which offers a GPU-as-a-service network, the 24-hour trading volume reached $95.7 million, up more than 1,300%. The token’s market cap rose to $473 million. Elsewhere, data from Coinglass showed open interest at $65.29 million.

The all-time high for Aethir is $0.29, reached in June 2024.

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September 8, 2025 0 comments

Etherex price gains 40% amid Linea rewards program launch

GameFi Guides

MYX Finance price surges 135% amid manipulation claims

by admin September 8, 2025

MYX Finance price surged to a new all-time high, but traders are raising alarms about possible insider activity behind the rally.

Summary

MYX’s sharp rally is fueled by surging derivatives activity, with billions flowing into perpetuals and open interest doubling.
The timing of a 39 million token unlock has fueled suspicions of insider selling into retail demand.
Community voices warn this may be a coordinated pump-and-dump, echoing patterns seen in Mantra’s collapse earlier this year.

The token traded at $3.68 on Sept. 8, up 135% in the past 24 hours and 214% over the past week. The sharp rise pushed MYX Finance (MYX) to a seven-day range of $0.984 to $3.78, with trading volumes soaring alongside.

In the past 24 hours alone, MYX registered $314.9 million in spot volume, an 829% increase from the day before. Activity in the derivatives market also increased. Perpetual futures volume rose 2,345% to $4.23 billion, according to Coinglass data, while open interest surged 138% to $262.1 million.

These numbers point to both increased market leverage and increased speculative trading. Rising open interest typically signals new positions rather than simple position closing, pointing to traders aggressively chasing the rally. But this also makes the token susceptible to volatility shocks and forced liquidations.

Allegations of insider manipulation

Concerns about the sustainability of the rally surfaced after Web3 commentator Dominic flagged what he described as “questionable activities” to his 44,000 followers on X on Sept. 7. His breakdown accused whales and insiders of orchestrating a pump-and-dump through wash trading, forced short squeezes, and coordinated buying across exchanges.

Some people need jail time for real, today there where some questionable activities going on with $MYX Here’s a more detailed breakdown showing why $MYX looks manipulated and why traders should avoid it:

Several red flags I noticed myself that point to manipulation and insider…

— Dominic(evm/acc)💭 (@0xD0M_) September 7, 2025

Dominic claims that the daily perpetuals volume suddenly jumped to $6–9 billion, which is out of proportion for a token of MYX’s size. Identical trading patterns across Bitget, PancakeSwap, and Binance indicated coordinated whale activity, and over $10 million in shorts were liquidated in a single day.

MYX Finance price rallies despite token unlock

The timing coincided with a major token unlock. Nearly 39 million MYX tokens entered circulation just as the price spiked, allowing early insiders to offload holdings into retail demand. The combination of unlocks and surging derivatives interest is fueling suspicion that the rally has less sustainable momentum and more engineered liquidity.

“These tactics create artificial demand that vanishes once insiders exit,” Dominic wrote, adding that retail traders are being used as exit liquidity.

The concerns mirror April’s Mantra (OM) crash, when OM plunged 90% in an hour after suspected insider token movements. That event wiped out $5.5 billion in market cap and sparked allegations of cross-exchange manipulation, later forcing the project to announce a token burn to restore confidence.

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September 8, 2025 0 comments

Ether price chart on a smartphone screen (Cedrik Wesche/Unsplash)

Crypto Trends

Flashes Bullish Signal as RSI Holds Neutral and Volume Surges

by admin September 7, 2025

Dogecoin staged sharp price swings during the September 5–6 trading window, rising nearly 1% as volume jumped 29% above weekly averages. A midday selloff to $0.213 was quickly absorbed by buyers, underscoring institutional support and ETF-driven speculation. Traders now view $0.22 as the key breakout threshold that could define near-term momentum.

News Background

• Dogecoin reached a local high of $0.2157, its strongest level in weeks, with trading volume 29.19% above weekly benchmarks.
• Reports surfaced of a $200 million Dogecoin treasury initiative, led by Elon Musk’s legal counsel, boosting institutional credibility.
• REX Shares and Osprey Funds reportedly filed the first U.S. Dogecoin ETF applications, with decisions expected in October.
• Futures activity surged 119% in August, reflecting heightened institutional positioning around meme-based digital assets.

Price Action Summary

• DOGE traded in a $0.008 range (3.6%) between $0.213 and $0.221.
• The steepest move hit at 14:00, when price fell from $0.220 to $0.213 on 1.31B volume, establishing robust support.
• Recovery lifted DOGE back toward $0.216 by session close, with buyers consistently defending the $0.213–$0.214 zone.
• The one-hour window from 05:13–06:12 saw a resistance break above $0.2157 on 3.06M volume, hinting at renewed bullish pressure.

Technical Analysis

• Support: Strong base at $0.213–$0.214, validated by 1.3B volume during the selloff.
• Resistance: Clear ceiling at $0.220–$0.221, with multiple rejections.
• Momentum: Breakout attempt at $0.2157 suggests bullish continuation if $0.22 clears.
• Patterns: Accumulation signs within a tight consolidation band; descending triangle on DOGE/BTC pairs broke upward (flagged by CryptoKaleo).
• Indicators: RSI steady near mid-50s (neutral-bullish); MACD histogram converging toward potential bullish crossover.

What Traders Are Watching

• Whether DOGE can sustain closes above $0.22 to trigger an extended rally.
• Institutional flows tied to the $200M treasury initiative and potential ETF approval.
• Breakout targets projected between $0.30–$0.35 if resistance clears; downside risk remains toward $0.21 support.

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September 7, 2025 0 comments

Crypto Trends

XLM Surges 5% Before Dramatic Final-Hour Collapse

by admin September 6, 2025

Stellar’s XLM token demonstrated impressive resilience over the past 24 hours, climbing from $0.36 to a session peak of $0.37 before retracing to end at $0.36. The move represented a 5% intraday range, underscored by heavy trading activity that pointed to heightened market participation. Notably, the asset found solid footing at $0.35 during the September 4 evening session, with buying momentum confirmed by volumes exceeding 16.9 million tokens.

The breakout above $0.36 resistance arrived on surging activity, with volumes spiking to 28.03 million at 07:00 and a staggering 82.75 million at midday on September 5. This influx of demand propelled XLM to its daily high of $0.37, marking a decisive test of bullish strength. However, a sharp reversal in the final trading hour wiped out those gains, as sellers drove the price back to the $0.36 level.

Despite the late-session pullback, XLM closed the period 1% above its opening value, maintaining a broadly bullish technical structure. The move fits into a broader trend: Stellar has posted a striking 288% gain over the past year, drawing institutional interest as Protocol 23 upgrades and cross-border payment solutions bolster its long-term fundamentals.

That said, the competitive landscape remains intense. With the rise of PayFi platforms challenging Stellar’s market position, XLM faces mounting external pressures even as volumes suggest strong trader engagement. For now, the combination of robust support levels and elevated demand provides a constructive backdrop, though volatility is likely to remain a defining feature of near-term price action.

XLM/USD (TradingView)

Technical Indicators Show Mixed Signals

Solid support foundation confirmed at $0.35 with substantial volume backing during 4 September 20:00 period.
Major upward breakout materialized during 5 September 07:00 and 12:00 intervals featuring exceptional volume expansion.
Resistance penetration at $0.36 accelerated XLM toward session peak of $0.37.
Severe final-hour reversal initiated intensive selling wave with exceptional volume participation.
Fundamental bullish framework maintains integrity despite pronounced closing-session pullback.

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September 6, 2025 0 comments

NFT Gaming

Filecoin (FIL) Rebounds Amid Pronounced Trading Volatility, Volume Surges

by admin September 6, 2025

Filecoin FIL$2.3172 spiked 3% followed by a 2% decline as volatile trading configurations emerged amid evolving market dynamics, according to CoinDesk Research’s technical analysis model.

In recent trading FIL was 3.4% higher over 24 hours, trading around $2.32.

The model showed that the overall trading range was $0.15, or 6%, between the low of $2.23 and the high of $2.38.

Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity, according to the model.

The wider crypto market was little changed, with the broad market gauge, the Coindesk 20, up 0.2%.

Technical Analysis:

FIL progressed from $2.25 to $2.32 representing a 3% gain during the preceding 24-hour period
Overall trading range encompassing $0.15 (6%) between the absolute nadir of $2.23 and zenith of $2.38.
Two distinctive rally phases were identified: a preliminary ascent to $2.28 followed by another climb on Sept. 5.
Price trajectory peaked at $2.38 on exceptionally elevated volume of 7.23 million, substantially exceeding the 24-hour average of 2.47 million.
Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity.
Support levels consolidated around $2.23-$2.24 during initial trading hours.
Subsequent decline from $2.36 to $2.32 representing a 2% contraction during the final 60 minutes.
Exceptional volume spikes reaching 425,701 indicating institutional selling pressure.
Substantial institutional selling volume peaked at nearly double the session average during the concluding hour.

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September 6, 2025 0 comments

Crypto Trends

Euler price surges 34% amid Bithumb listing announcement

by admin September 5, 2025

Following confirmation by South Korea’s cryptocurrency exchange Bithumb that the token would be listed for trading against the Korean won, Euler saw a more than 30% increase.

Summary

Euler gained over 30% as Bithumb announced a Korean won listing, with trading live from Sept. 5.
Trading volume surged 292% in 24 hours, signaling strong demand.
Technicals show bullish momentum, but resistance near July’s $15.81 high remains.

With the listing scheduled to go live at 5:00 p.m. local time, the announcement caused a significant spike in price. At the time of writing, EUL is up 34% over the previous day, trading at $13.02, with intraday fluctuations ranging from $9.25 to $13.33.

The token’s market capitalization stands at $242 million, while its fully diluted valuation is at $353 million. Despite the surge, EUL remains around 20% below its all-time high of $15.81, recorded on July 11.

Bithumb’s listing announcement caused trading activity to spike sharply. The daily volume increased by 292% from the previous day to $9.58 million. Listings on exchanges are important price catalysts because they frequently draw in fresh capital and liquidity.

Broader ecosystem developments

The Bithumb listing comes on the heels of several developments within Euler’s ecosystem. On Aug. 6, the token was added to Coinbase, expanding its reach to U.S. investors. In an effort to increase scalability and lower transaction costs, Euler introduced isolated ETH markets on Linea, an Ethereum (ETH) Layer 2, on Aug. 18.

The protocol also celebrated the one-year anniversary of its V2 upgrade earlier this month, which brought with it the Euler Vault Kit, a modular system for building custom lending markets. To celebrate, Euler rolled out EulerEarn, a passive yield strategy platform backed by $50,000 in USD Coin (USDC) incentives.

Meanwhile, new yield opportunities for decentralized finance users were made possible by an integration with Pendle (PENDLE), which was announced on Sept. 2. Euler’s total value locked has increased to $1.5 billion, a substantial increase from $100 million in early 2024, according to DeFiLlama data.

Euler price technical analysis

The sharp price spike pushed EUL above the upper Bollinger Band, signaling strong momentum but also a potential overextension. Slightly below overbought levels, the Relative Strength Index is at 67.

Euler daily chart. Credit: TradingView

The moving average convergence divergence still indicates short-term caution, but moving averages over 10, 20, and 30-day windows are in a bullish setup.

EUL may retest its July peak at $15.81 if momentum continues. However, if profit-taking takes hold, a decline to the $10.50–$11.00 range is still feasible.

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September 5, 2025 0 comments