The cryptocurrency landscape experiences a seismic shift as Bitcoin’s profitable supply approaches 90%, indicating strong buyer interest and a potential rally toward $115,000. As on-chain analysis suggests, new demand from
COINOTAG News reported on April 29 that the co-founder of Material Indicators, Keith Alan, highlighted the critical challenge Bitcoin faces in regaining its footing from early 2025. The pivotal price
Tether has announced that its tokenized gold product, XAUT , has reached a $770 million market cap , with each token backed 1:1 by LBMA-certified gold . A total of 246,523.33 troy ounces — around 7.7 tons — is securely stored in a Swiss vault, according to Tether’s first official attestation under El Salvador’s financial regulations. The company says XAUT’s growth is largely driven by increased demand for gold, which is being used as a hedge against inflation and global uncertainty. Central banks, especially those in BRICS nations, have been major buyers this year, collectively adding over 1,000 metric tons to their reserves in 2024. With gold prices climbing more than 27% this year and hitting $3,343 per ounce , XAUT is being promoted by Tether as a trusted digital alternative. CEO Paolo Ardoino claims the token could become a standard for those seeking physically backed digital gold — especially in a market where not all gold tokens guarantee actual metal backing. Tether emphasizes that its product stands apart through regular audits and gold bar verification , offering a more transparent and reliable option compared to unbacked or partially backed gold-based tokens.
Garlinghouse emphasizes the need for modernization in payment systems. XRP's price could surge significantly with increased market adoption. Continue Reading: Ripple CEO Ignites Optimism with Bold Vision for XRP and Cross-Border Payments The post Ripple CEO Ignites Optimism with Bold Vision for XRP and Cross-Border Payments appeared first on COINTURK NEWS .
A new study finds that 42% of U.S. millennials have made purchases using cryptocurrency, with 8% using it whenever possible and 14% on occasion. 93% of Millennials Aware of Crypto With U.S. millennials increasingly aware of or owning cryptocurrencies, a new study found 42% have purchased “something” using crypto. In fact, the Millennial Shopping Habits:
Bankless co-founder and longtime Ethereum (ETH) advocate Ryan Sean Adams has ignited fresh discourse after projecting a $17,000 target for ETH, nearly 9 times its current price. His thesis is quite simple: the cryptocurrency can grow to a $2 trillion market cap by becoming the ultimate store of value, a fusion of monetary premium and staking-based income, or as he called it, “digital gold with yield.” Blue-Money Gospel The $17,000 price target gained traction earlier in the year when pseudonymous analyst Kiu_Coin argued that Ethereum was undergoing a classic “shakeout,” a brutal sell-off designed to flush out weak hands before a parabolic rally. The analyst drew parallels to ETH’s 2020 slump, which preceded a 1,310% surge in 2021, claiming history was repeating itself. In a recent post on X, Adams amplified the narrative, arguing that the world’s second-largest cryptocurrency by market cap could potentially mirror Bitcoin’s $2 trillion valuation while offering staking rewards. However, he insists that Ethereum must adopt BTC’s playbook and follow what he calls the “ Blue-Money Gospel .” “Money is belief encoded as code,” he wrote, urging ETH holders to “stake, evangelize, and shame anyone who sells.” In the analyst’s words, “Without ETH, there is no DeFi. Without ETH, there are no cypherpunk values.” The gospel reframes ETH as more than just gas for decentralized applications. Adams argued that Ethereum, especially in its post-Merge and EIP-1559 form, is not merely programmable money but a commodity with a monetary premium backed by real yield and deflationary mechanics. Supporting this view is Cathie Wood’s ARK Invest, which in January likened ETH staking returns to yield-bearing U.S. Treasury bills, further reinforcing its “digital bond” depiction. Frax Finance founder Sam Kazemian also echoed similar sentiments in a recent Bankless episode, suggesting that Ethereum’s biggest failure is not technical, but narrative-driven. According to him, ETH has unintentionally shifted to being valued like a discounted cash flow asset when it should be promoted as a store-of-value commodity. “Ethereum, the tech, is the most bullish thing in crypto,” Kazemian said. “But ETH, the asset, needs fixing.” Price Reality As expected, Adams’s bullish outlook has also drawn skepticism from BTC purists and ETH critics alike. Boyd Cohen dismissed the ETH-as-gold angle, stating, “Bitcoin is absolutely scarce and Ethereum is absolutely not.” Meanwhile, Swan Bitcoin’s John Haar challenged the very premise of ETH’s value proposition, asking, “Yield from users doing what? ETH isn’t money.” The ETH/BTC ratio has also become a focal point for critics who argue Ethereum is steadily losing ground as a monetary asset after the metric not long ago plunged 77% from its December 2021 peak. The cryptocurrency has staged a noteworthy recovery in recent days. Following a brutal Q1 and a plunge to $1,400 in April, ETH’s price has surged nearly 30% to trade at just under $1,800. However, broader metrics are still grim, with the asset down 44% year over year and 63% below its $4,878 peak. The post Ethereum to $17K? Analyst Calls ETH ‘Digital Gold With Yield’ appeared first on CryptoPotato .
On-chain data shows an XRP whale has made a large inflow into the Coinbase exchange, a sign that could be bearish for the asset’s price. An XRP Whale Has Made A Huge Transaction During The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert , a large movement has taken place on the XRP network during the last 24 hours. The move in question involved the transfer of 29,532,534 tokens of the cryptocurrency, worth more than $68.7 million at the time that the move went through on the blockchain. Given the large scale involved in the transaction, it’s likely that a whale entity was responsible for it. Whales are the big-money investors of the sector, who can carry some degree of influence in the market. As such, their movements can be worth keeping an eye on. Most of their transactions, though, don’t contain anything interesting, as cryptocurrencies are by nature anonymous. Sometimes, however, an address already identified can be involved in the move. In these cases, there can be space to speculate on the intent behind the move. The current XRP whale transfer is like this as well. Here are the addresses involved in the transaction: As is visible above, the sending address for this XRP transaction was an unknown wallet, meaning it was unattached to any known centralized platform. In other words, it was likely an investor’s personal wallet. The receiving address, on the other hand, was connected to a known entity: the cryptocurrency exchange Coinbase . Thus, it would seem that with this move, the whale has transferred coins from their self-custodial address to an exchange. Moves of this type are called exchange inflows . Generally, holders send their coins into the custody of these central entities when they want to make use of one of the services that they provide, which can include selling. As such, exchange inflows can sometimes prove to be bearish for the asset’s price. It’s hard to say whether the whale wanted to sell with the move, but considering that it has come after XRP has enjoyed bullish momentum over the past week, it’s possible that profit-taking may indeed be a likely motive. In some more bullish news, XRP may be breaking out of an inverse head-and-shoulders pattern, as analyst Ali Martinez has pointed out in an X post. An inverse head-and-shoulders is a pattern that, as its name already suggests, is an inverted version of the usual head-and-shoulders. From the chart, it’s apparent that after forming the right shoulder, XRP has seemingly found a surge above the neckline, which can be a sign of a bullish breakout. XRP Price XRP briefly went as high as $2.36 during the past day, but it appears the coin has suffered a pullback since then as it’s now back at $2.27.
Big news from the world of liquid staking on the Sui network ! Haedal, a prominent liquid staking protocol built specifically for Sui, has just pulled back the curtain on a crucial aspect of its ecosystem: the Haedal tokenomics for its native asset, HAEDAL. This announcement, shared via their official Medium blog, provides essential details for anyone interested in participating in the Haedal protocol or the broader Sui ecosystem. What Exactly is the HAEDAL Token? At its core, the HAEDAL token is designed to be the lifeblood of the Haedal protocol. While the initial announcement focuses on the supply and distribution, native tokens in such protocols often serve multiple purposes, potentially including: Governance: Allowing token holders to vote on key protocol decisions, upgrades, and parameters. Utility: Potentially used within the protocol for specific functions or accessing features. Value Accrual: Mechanisms where protocol revenue or value is directed back to token holders. Understanding the Haedal tokenomics is key to grasping the potential role and value flow within this growing Liquid staking platform on Sui. Diving Into the Haedal Tokenomics: Supply and Circulation The announcement clearly outlines the foundational numbers for the HAEDAL token: Total Supply: The maximum number of HAEDAL tokens that will ever exist is capped at 1 billion . This fixed supply is a common feature in many crypto assets, providing scarcity. Initial Circulation: A significant detail for market participants is the initial circulating supply. At launch, only 19.5% of the total supply will be in circulation. This means approximately 195 million HAEDAL tokens will be available initially. The initial circulation percentage is a key factor influencing early market dynamics and price discovery for any Crypto token launch . This structure suggests a controlled release, with the majority of tokens becoming available over time, likely through vesting schedules and ecosystem incentives. How Are the 1 Billion HAEDAL Tokens Allocated? The distribution plan reveals how Haedal intends to utilize its native token to foster growth, reward participants, and ensure the long-term health of the protocol. Here’s a breakdown of the allocation: Let’s look at the numbers: Allocation Category Percentage of Total Supply Approximate Token Amount Ecosystem Incentives 55% 550,000,000 HAEDAL Liquidity Fund 10% 100,000,000 HAEDAL Investors 15% 150,000,000 HAEDAL Team and Advisors 20% 200,000,000 HAEDAL This allocation strategy provides insights into Haedal’s priorities: Ecosystem Incentives (55%): This is the largest slice, emphasizing the protocol’s focus on growth, user adoption, and rewarding participation in Liquid staking and other protocol activities on the Sui network . This could include staking rewards, yield farming incentives, or grants for developers building on Haedal. Team and Advisors (20%): A standard allocation for core contributors. These tokens are typically subject to vesting schedules, aligning the team’s long-term success with that of the protocol and token holders. Investors (15%): Allocated to early backers who provided funding. Like the team allocation, these tokens are usually subject to vesting to prevent immediate large sell-offs after the Crypto token launch . Liquidity Fund (10%): Essential for ensuring healthy trading markets for the HAEDAL token on exchanges. This fund helps provide liquidity, potentially supporting price stability and accessibility for users. Understanding these allocations is crucial for anyone analyzing the long-term prospects based on the Haedal tokenomics . When Can You Claim Your HAEDAL Tokens? For those who are eligible for a token claim (details of eligibility were not in the provided snippet, but often relate to early users, stakers, or community members), the announcement included a specific time: Claim Availability: HAEDAL token claims will commence from 12:00 UTC today . This provides a clear actionable insight for eligible participants, marking a significant milestone for the HAEDAL token launch . What Are the Potential Benefits and Considerations? Based on the revealed Haedal tokenomics and the nature of liquid staking protocols on the Sui network , here are some points to consider: Potential Benefits: Participation in Governance: If HAEDAL includes governance rights, holders can influence the future direction of a key Liquid staking protocol on Sui. Earning Potential: The large ecosystem allocation suggests potential opportunities to earn HAEDAL through staking, providing liquidity, or other protocol interactions. Growth of Sui Ecosystem: A successful Haedal protocol and HAEDAL token can contribute positively to the overall growth and activity on the Sui network . Considerations: Vesting Schedules: While not detailed in the snippet, the vesting periods for team and investor tokens will impact future supply and potential selling pressure. Market Volatility: Like all cryptocurrencies, the HAEDAL token will be subject to market fluctuations, especially around the initial Crypto token launch . Protocol Adoption: The long-term value will heavily depend on the successful adoption and usage of the Haedal liquid staking protocol itself. Summary: A New Chapter for Haedal and Sui Liquid Staking The unveiling of Haedal tokenomics marks a pivotal moment for the protocol and its community. With a clear structure for the 1 billion HAEDAL tokens, including significant allocations for ecosystem growth and a defined initial circulating supply of 19.5%, Haedal is setting the stage for its native token’s role within its Liquid staking operations on the Sui network . The upcoming token claim availability at 12:00 UTC today is an important next step, allowing eligible users to acquire their HAEDAL tokens. As the protocol develops and the token circulates, the focus will be on how these tokenomics drive participation, contribute to the Sui ecosystem, and fulfill the promise of the HAEDAL token . To learn more about the latest crypto market trends, explore our article on key developments shaping the Sui network’s growth and liquid staking landscape.
Sui has seen a remarkable rise, boosting its market value above that of Chainlink. At the same time, eyes are turning to XYZVerse amid whispers of a possible 500% increase soon. These shifts are stirring interest and speculation, leaving many eager to see how the cryptocurrency market evolves next. Price Prediction for XYZVerse ($XYZ): Is a 30x Jump Possible? XYZVerse has entered the meme coin market at a time when community-driven tokens continue to dominate speculative trading. The rise of meme coins like PEPE , Dogwifhat , and Bonk proves that strong branding, viral marketing, and community engagement can drive massive gains. The broader market sentiment also plays a key role in XYZVerse’s potential. As the altcoin season is about to start, lower-cap meme coins are seeing increased investor interest. Given that XYZVerse is still in presale, it could benefit from this wave if it secures strategic exchange listings and maintains community hype post-launch. Key Strengths of XYZVerse in the Current Market: Strong branding with sports and influencer partnerships, broadening its appeal Deflationary mechanics (17.13% token burn) to reduce supply pressure Liquidity allocation (15%) to support stability after launch Community incentives (10%) fostering engagement and holding Price Prediction for $XYZ Current Presale Price: $0.003333 Projected Post-Presale Target: $0.10 (as per project’s estimates) Potential ATH (First 1-2 Weeks Post-Launch): $0.15 – $0.25 (if demand surges and listings drive FOMO) Long-Term Potential (6-12 Months): $0.20 – $0.40 (if the project secures major partnerships and listings) Buy $XYZ Early to Increase Its Profit Potential Realistic Expectations: Will XYZ Hit $0.10? A 30x jump from presale to $0.10 is possible but depends on: Strong Exchange Listings – If XYZVerse lands on major CEX platforms like KuCoin, OKX, or Binance, its price could skyrocket on launch day. Sustained Community Growth – Meme coins need viral momentum. If XYZVerse delivers on its sports influencer partnerships, it could drive massive social media engagement. Market Conditions – If Bitcoin and altcoins remain bullish, speculation-driven assets like XYZVerse tend to benefit. Is a 3000% Surge Possible for $XYZ? XYZVerse has the ingredients for a strong launch, but its long-term success depends on execution. If the team delivers strong marketing, high-profile listings, and real community engagement, the $0.10+ target, which is around 3000% from the current price, could be achievable. Invest in $XYZ Before It Surges Revolutionizing Blockchain: How Sui is Shaping the Future of Web3 Sui is a new blockchain platform that’s changing the game. Built as a layer-1 solution, it’s designed to be fast, secure, and ready for global use. What makes Sui special is its focus on objects and simple programming. It uses an object-centric data model and the Move programming language. This means it can handle data more efficiently than many existing blockchains, solving common problems like slow transactions and high fees. But Sui isn’t just about strong technology; it’s about making blockchain easy for everyone. Features like zkLogin let users sign in without complicated steps. Sponsored transactions mean users might not have to pay fees every time they use the network. Programmable transaction blocks help developers create apps that are friendly and accessible. In today’s market, where many people find blockchain confusing, Sui’s user-first approach stands out. While all cryptocurrencies carry risk and the market can change quickly, Sui’s mix of technology and usability makes it a coin worth watching in the current cycle. Chainlink: Connecting Smart Contracts to Real-World Data Chainlink helps blockchains talk to the outside world. It allows smart contracts to access data from sources like stock prices and weather reports. Blockchains are usually closed systems that can’t see what’s happening elsewhere. Chainlink uses a network of oracles, which are like messengers bringing data to the blockchain. It checks the data’s accuracy by using many sources and comparing them. The LINK token rewards these data providers and keeps the system secure. In today’s market, Chainlink stands out because it solves a real problem. As more people use smart contracts for finance and insurance, the need for reliable data grows. Chainlink is ahead of many other coins because it has a working product and big partnerships. While some cryptocurrencies are just ideas, Chainlink is already making a difference. With the rising demand for decentralized apps, Chainlink’s role becomes even more vital. This makes LINK an attractive option for those looking at projects with real-world use. Conclusion Though SUI and LINK perform well, XYZVerse (XYZ) uniquely merges sports and memes, aiming for massive growth, making it a standout in the current crypto bull run. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse Continue Reading: Sui Soars 44% This Week, Surpassing Chainlink’s Market Cap, XYZVerse Could Be Next With a 500% Surge Imminent
Hyperliquid will adopt a new system to calculate fees on the platform, which includes different tiers for staking as well as separate fee schedules for perpetual contracts and spot trading. In a recent post , the decentralized exchange announced that it will start implementing the new fee system and staking tiers starting from May 5 at 03:00 UTC. The new fee system includes lower trading fees when users stake HYPE ( HYPE ), the platform’s utility token. Based on the staking tiers, users will be eligible for trading fee discounts ranging from 5% to 40%. Divided into six staking tiers, the discounts will be determined by the amount of HYPE staked. For example, the lowest tier called “Wood” requires a minimum of 10 HYPE staked. Users that stake Wood can receive a 5% discount on their trading fees. On the other hand, the higher tiers like “Platinum” and “Diamond,” offer discounts up to 40% if users stake HYPE above 100,000 or more than 500,000. You might also like: Hyperliquid’s 50x ETH whale makes a comeback with a new 20x long position worth $47.62m In addition, Hyperliquid will start introducing separate fee standards for perpetual contracts and spot trading. Perpetual contracts and spot volume will be added together to determine a user’s fee tier. Not only that, spot volume will be counted as double its amount for calculating the fee tier. Another new feature that will also be introduced along with this update is that users can link their staking and trading accounts on the testnet. This would allow users to use the staking discounts received from one account and apply it towards a different trading account. According to the blogpost , linked staking accounts will be able to gain full access of the funds on a user’s trading account. The staking user will not receive any staking-related fee discounts after being linked. The act of linking an account is permanent, and once two accounts are linked, they cannot be unlinked. Hyperliquid stated that the account linking feature is expected to go live not long after the introduction of fee systems and staking tiers. Last month, Hyperliquid delisted JELLY perpetual contracts from its platform after experiencing a loss amounting to $10.63 million due to a sudden 230% surge in the token’s price. The Hyperliquid team suspected market manipulation was behind the token’s sudden spike. You might also like: Bybit CEO reacts to Hyperliquid ETH liquidation, questions DEXs guardrails