Cardano (ADA) is eyeing a push toward $1.50, but traders are turning heads at Remittix (RTX) instead. With real crypto-to-fiat utility and a token price still hovering around $0.08, RTX is being tipped by analysts as the next top crypto under $1. As ADA consolidates, Remittix could be the next 100x crypto, with projections targeting a $3 breakout before the end of the year. ADA Price Struggles To Maintain Momentum As Volume Fades Cardano (ADA) is trying to find its footing again after stalling near the $0.90 resistance level. The ADA price today sits at $0.8209. This reflects a 2.78% drop in a weekly decline. Despite recent selling pressure, many traders still view ADA as a long-term contender. This is especially true with forecasts placing the ADA price near $1.50 in the coming month. However, ADA price needs to hold the $0.70 zone firmly if bulls want to avoid losing momentum. The RSI has cooled from overbought territory to 58.73, and the MACD is close to forming a bearish crossover. Trading volume and open interest have dropped, hinting at a market waiting for direction. If buyers can push past the $0.90 ceiling again, a sprint toward $1.20 is back on the table. But the fading excitement, especially across derivatives, shows that investor attention may be shifting elsewhere. While Cardano News remains active, traders are already eyeing newer opportunities with higher risk-reward setups—Remittix (RTX) being one of them. As ADA consolidates, all eyes are on whether the newer PayFi players like Remittix can outpace the old giants. RTX Token Set To Outperform As Market Looks For Real Utility Cardano price prediction may be aiming for $1.50 next month, but smart money is already moving toward a lesser-known contender: Remittix (RTX) . With its low entry price of just $0.0876, Remittix is making a case as the most undervalued token of the year. Its solution is simple yet powerful—connect crypto wallets directly to global bank accounts in minutes. No middlemen. No waiting. No complexity. Instead of chasing hype, Remittix is solving a real issue that traders, freelancers, and businesses face daily—how to cash out crypto easily. The project has already raised $17.2 million in early-stage funding, and the launch of the Remittix Wallet beta on September 15 is only building more excitement. In a market dominated by overengineered DeFi layers, Remittix’s straightforward utility is resonating. Here’s what’s winning investors over: Converts crypto directly into fiat and settles to bank accounts within minutes Supports 50+ crypto assets and over 30 fiat currencies Certified by CertiK for security and reliability Set to a fixed supply model with strong early demand signals Remittix isn’t promising a dream. It’s delivering a product. As Cardano price faces resistance, analysts believe RTX could explode toward $3 by year-end, offering up to 36x gains for early holders. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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BitcoinWorld Binance Trading Pairs: Unlocking Four Exciting New Opportunities on July 29 Are you ready for some exciting news from the world’s largest cryptocurrency exchange? Binance, a global leader in digital asset trading, has just made an announcement that is set to expand its vast ecosystem. On July 29, the platform will introduce four brand-new spot Binance trading pairs , opening up fresh avenues for traders and investors alike. This strategic move underscores Binance’s continuous commitment to enhancing liquidity, offering diverse trading options, and catering to the evolving demands of its massive user base. What’s Happening with New Binance Trading Pairs? Binance officially announced on its website that these new spot trading pairs will go live on July 29 at 08:00 UTC . For many in the crypto community, new listings on a platform of Binance’s stature are always a significant event, often signaling potential shifts in market dynamics for the involved assets. The addition of these specific pairs reflects Binance’s strategy to broaden its offerings across different market segments, from regional currencies to decentralized finance (DeFi) and gaming tokens. Here’s a quick look at the new Binance trading pairs you can expect: Trading Pair Base Asset Quote Asset Launch Time (UTC) Significance BANANAS31/TRY BANANAS31 Turkish Lira (TRY) July 29, 08:00 Focus on regional fiat access, potentially for a new or niche token. CVX/USDC Convex Finance (CVX) USD Coin (USDC) July 29, 08:00 Expands DeFi exposure with a major stablecoin. FUN/USDC FunFair (FUN) USD Coin (USDC) July 29, 08:00 Enhances gaming token accessibility against a stablecoin. LISTA/USDC Lista DAO (LISTA) USD Coin (USDC) July 29, 08:00 Introduces a new liquid staking/stablecoin protocol to a wider audience. The inclusion of USDC as a quote asset for three of these pairs is noteworthy. USDC is a leading stablecoin pegged to the US dollar, providing a reliable and less volatile trading counterpart compared to highly fluctuating cryptocurrencies. This choice typically aims to offer traders a stable base for their transactions, reducing risk exposure while still allowing participation in the price movements of the base assets. Why Do New Trading Pairs Matter for the Crypto Ecosystem? The continuous addition of new Binance trading pairs is more than just an update; it’s a vital part of the cryptocurrency market’s evolution. Here’s why it’s significant: Increased Liquidity: More trading pairs mean more opportunities for buyers and sellers to find each other, leading to tighter spreads and easier execution of trades. This is crucial for maintaining a healthy and efficient market. Market Diversification: For traders, new pairs offer additional options to diversify their portfolios beyond the most popular assets. This can help manage risk and explore niche markets with high growth potential. Enhanced Accessibility: By listing tokens against stablecoins or regional fiat currencies (like TRY), Binance makes these assets more accessible to a broader range of users globally, including those who prefer to trade against a less volatile asset or their local currency. Project Visibility and Growth: For the projects behind these tokens (CVX, FUN, LISTA, and BANANAS31), a listing on Binance provides immense exposure, credibility, and a direct pathway to millions of potential new users and investors. This can significantly boost their development and adoption. Innovation and Adoption: Binance’s proactive approach in listing new and innovative projects encourages further development within the crypto space, particularly in sectors like DeFi, GameFi, and liquid staking, which are represented by these new listings. Understanding the New Assets: A Glimpse into BANANAS31, CVX, FUN, and LISTA Each of the newly listed assets brings its own unique proposition to the Binance ecosystem: BANANAS31: While specific details about ‘BANANAS31’ are not widely known at the time of this announcement, its pairing with TRY suggests a focus on the Turkish market or a specific regional community. It could represent a new or emerging project aiming to tap into a localized user base. Convex Finance (CVX): Convex Finance is a DeFi protocol built on Curve Finance, a leading decentralized exchange. CVX tokens play a crucial role in its governance and reward mechanisms, allowing users to earn boosted Curve DAO (CRV) rewards and a share of Curve’s trading fees. Its listing against USDC makes it easier for DeFi enthusiasts to access this key asset. FunFair (FUN): FunFair is a decentralized platform aiming to revolutionize the online gaming and casino industry using blockchain technology. FUN tokens are used within its ecosystem for various purposes, including staking and accessing gaming features. The FUN/USDC pair could attract more gamers and investors interested in the growing GameFi sector. Lista DAO (LISTA): Lista DAO is positioned as a decentralized stablecoin and liquid staking protocol. It allows users to stake BNB (Binance Coin) and other assets to earn staking rewards while also minting its decentralized stablecoin, lisUSD. This listing highlights the increasing demand for liquid staking solutions and decentralized stablecoins within the DeFi landscape. These additions reflect Binance’s broad interest in supporting diverse blockchain innovations and catering to a wide array of user preferences. How Can You Prepare for These New Listings? Actionable Insights for Traders For those looking to trade these new Binance trading pairs , preparation is key. Here’s what you can do: Research the Assets: Before trading BANANAS31, CVX, FUN, or LISTA, take the time to understand their underlying projects, use cases, market capitalization, and historical price performance (if available). Look into their whitepapers, teams, and community sentiment. Fund Your Account: Ensure you have sufficient funds in USDC or TRY in your Binance spot wallet. If you don’t, you’ll need to deposit or convert existing crypto assets. Understand Trading Risks: New listings can be highly volatile. Prices can swing dramatically in the initial hours or days due to speculation and market excitement. Implement risk management strategies, such as setting stop-loss orders. Start Small: Especially if you’re new to these specific assets, consider starting with smaller position sizes to gauge market behavior before committing larger capital. Stay Informed: Follow Binance’s official announcements and reputable crypto news sources for any further updates or insights regarding these pairs. Trading new listings can be rewarding, but it also comes with inherent risks. A well-informed approach is your best defense. The Broader Impact: Binance’s Role in Market Expansion Binance’s consistent efforts to add new Binance trading pairs solidify its position as a market leader. By carefully curating its listings, Binance not only provides a platform for trading but also acts as a significant gateway for new projects to gain mainstream adoption. This fosters a competitive environment among blockchain projects, encouraging innovation and development to meet the stringent listing criteria of major exchanges. Furthermore, the inclusion of a TRY pair signifies Binance’s continued focus on localized markets and its strategy to bridge the gap between global crypto markets and regional fiat currencies. This enhances the accessibility of digital assets for users in specific geographies, promoting wider cryptocurrency adoption. In conclusion, the upcoming addition of BANANAS31/TRY, CVX/USDC, FUN/USDC, and LISTA/USDC on July 29 is a testament to Binance’s dynamic approach to market growth. These new Binance trading pairs offer fresh opportunities for traders and further integrate innovative blockchain projects into the global crypto economy. As always, while the excitement around new listings is palpable, responsible trading practices and thorough research remain paramount for navigating the volatile yet rewarding world of cryptocurrencies. Frequently Asked Questions (FAQs) Q1: When exactly will the new Binance trading pairs be available? The new spot trading pairs – BANANAS31/TRY, CVX/USDC, FUN/USDC, and LISTA/USDC – will be available for trading on July 29, 2024, at 08:00 UTC. Q2: What is USDC, and why is it used as a quote asset for most of these new pairs? USDC (USD Coin) is a stablecoin pegged to the US dollar, meaning its value is intended to remain stable at $1. It is frequently used as a quote asset because it provides a less volatile base for trading compared to other cryptocurrencies, offering stability and ease of calculation for traders. Q3: What should I do before trading these new Binance trading pairs? It is highly recommended to conduct thorough research on each specific asset (BANANAS31, CVX, FUN, LISTA) to understand its project, use case, and market potential. Also, ensure your Binance wallet is funded with the necessary quote currency (USDC or TRY) and consider implementing risk management strategies. Q4: Are new listings on Binance always profitable? No, new listings can be highly volatile. While some new listings experience significant price increases, others may not. It’s crucial to understand that trading carries inherent risks, and past performance is not indicative of future results. Always trade responsibly and with a clear strategy. Q5: How does adding new Binance trading pairs benefit the crypto market? The addition of new trading pairs increases market liquidity, offers more diversification options for traders, enhances accessibility for global users, and provides significant visibility and growth opportunities for the listed blockchain projects, ultimately fostering innovation within the crypto ecosystem. If you found this article insightful, consider sharing it with your network! Help us spread the word about the latest developments in the crypto space by sharing this piece on your favorite social media platforms. To learn more about the latest crypto market trends, explore our article on key developments shaping Binance trading strategies and institutional adoption. This post Binance Trading Pairs: Unlocking Four Exciting New Opportunities on July 29 first appeared on BitcoinWorld and is written by Editorial Team
The post Best crypto to buy in 2025 altcoin season, PEPETO, Better Than Shiba, PEPE, BONK? Debate between investor’s favourite appeared first on Coinpedia Fintech News Why PEPETO is better than Shiba, PEPE, BONK What they don’t want you to know: The most important thing for any investor is the gain made over an investment decision, but what matters the most to do so is the value behind the project they invest in. Taking two items to be discussed : Comparaison between PEPETO & BONK and SHIBA & PEPE, and in our comparaison we will aim for common sense to identify which project to invest into for the moment. PEPETO, in terms of gains, still in pre sale, which means that this is the current and lowest price you can get it for, whearas SHIBA, PEPE and BONK have already made gains since their pre sale have been launched years up to now, and the right and effective investors have already made the successful call to getting them. Therefore, the first items flows in benefit to PEPETO. On the other hand, the VALUE. Which project of those three (PEPE, SHIBA, BONK) have great value? If we look closely to identify the value, we will surprinsingly find that only SHIBA has a minor value which is SHIBA SWAP. For which, Shiba made huge gains compared to BONK as well as PEPE. Now that, logically, we got that BONK and PEPE lost it, we need to get too into Shiba VS PEPETO to understand more which one to pick. Considering PEPETO vs SHIBA, Shiba has only Shiba swap as a value, whearas PEPETO is the first ever meme coin to launch an Centralised Exchange , as well as a bridge that holds all variety of blockchain together. In addition to PEPETO swap that is much more reliable as it is built on Layer 2 Technology, which is a feature that Shiba Swap does not use. Therefore, considering the facts above, PEPETO is the one to consider as it is the one wining in all options. For those reasons, as an investors, you do not want to miss this unparralleled opportunity as it is one of a kind for each altcoin season that proceeds after 2025 bull run. A Record Breaking Presale and Community Buzz The Pepeto presale has already shattered records. The team reports raising more than $5.7 million, moving about 5.9 billion tokens in the early rounds alone, and demand shows no sign of slowing. Now in last stage, each token is priced at 1 $Pepeto = $0.000000143 , and insiders hint that next stage with a much higher price is just around the corner. With the demo version of its exchange revealed, the atmosphere is full of hope and a touch of FOMO. As the Pepeto presale moves forward, excitement keeps growing. The staking reward of 246 percent APY is drawing in more participants and amplifying FOMO. The giveaway reflects that the team cares about building a strong community, not just gaining attention. This focus and the token’s upcoming launch on major exchanges point to Pepeto breaking past the meme coin bubble and seeing big price action. The Power of the Ethereum Based Layer 2 Blockchain What truly makes Pepeto stand out is that its viral appeal is backed by real utility. Built on Ethereum, the project delivers zero fee trading through PepetoSwap and smooth cross chain transfers via PepetoBridge , features that every crypto user values. Instead of relying only on memes, Pepeto combines real story related to Pepe, as rumours state that an ex founder of Pepe is behind PEPETO after beying betrayed, with lasting functionality, offering generous staking rewards of 246 percent APY and building a thriving community of over 85,000 active supporters. With its Swap tech becoming central to Ethereum’s growth, Pepeto is positioned to ride that wave and scale faster than many expected. With over $5.7 million raised in its presale and reliable and audited measures in place, this project shines brighter than meme tokens that do little more than run on hype. The Explosive Growth Potential Talk about a small coin making big noise, Pepeto is quickly becoming a name seen across trading desks and crypto news feeds. Many experts now suggest that its Top Tier 1 major exchange listings could send the price soaring, with some forecasting massive gains similar to past meme coin success stories. At its current presale price of just $0.000000143, the upside is hard to ignore. A $1,000 investment now could your inmitial investment to x100 once the current price reaches the one of Pepe’s, showing just how big the growth window really is. Numbers like that put Pepeto in the same conversation as major platforms such as Solana and Cardano, which brought life changing returns during previous bull runs. For traders chasing serious upside, Pepeto could be one of the most exciting meme coin plays out there. Should it follow the classic meme coin trajectory, a rocket like surge may happen sooner than expected, with analysts hinting at even more potential heading into late 2025. Why Pepeto Looks Solid for 2025 and Beyond Meme coins are everywhere, but few bring real value to the table like Pepeto. Instead of relying only on hype, the team has rolled out PepetoSwap and PepetoBridge, giving users zero fee trading and seamless cross chain swaps, while offering one of the most generous staking rewards at 246 percent APY. On the trust front, Pepeto has already raised over $5.7 million in its presale and built a thriving community of more than 60,000 supporters, proving its strong investor confidence. PepetoSwap offers a zero fee trading platform optimized for meme coin enthusiasts, PepetoBridge enables seamless low cost cross chain transfers for enhanced interoperability, and its exchange will feature zero fee listings for only legitimate projects . This combination shows Pepeto is built for the long game, attracting investors who want both security and growth potential. Could $10,000 Turn Into $870,000? Big returns in crypto often start with small, early moves, and Pepeto could be one of those rare chances. If it simply matches Pepe’s current price of $0.00001253, early buyers could see huge gains. At today’s presale price of $0.000000143, a $10,000 investment once reach Pepe’s current value, which is a must to happen given the value of PEPETO, they would be worth nearly $870,000, a massive return for early participants. This potential upside is why Pepeto is grabbing so much attention in the crowded meme coin market. While many meme coins spike on hype alone, Pepeto combines viral appeal with lasting blockchain utility, setting it up for sustainable growth in the coming years. Pepeto: The Future Meme Coin Every bull run has its standout tokens, and Pepeto’s website : https://pepeto.io is making a strong case to be next. Its zero fee exchange, cross chain bridge, strong staking model, and zero tax policy make it stand out from the rest. With the presale advancing and a major exchange listing expected soon, this could be the last easy entry point before a major price move. A unique mix of meme culture, strong tech features, and growing adoption positions Pepeto as a top contender for big gains in 2025. If you are looking for the next breakout meme coin, Pepeto deserves a close watch. With its growing community, fresh tech, and plenty of room to rise, it could be one of the strongest players in the coming bull run. Disclaimer : If you want to buy PEPETO, the only official website is : https://pepeto.io . Many players on the market take profit from PEPETO’s hype using its name to mislead investors. For more information about PEPETO visit the links below : Website : https://pepeto.io Whitepaper : https://pepeto.io/assets/documents/whitepaper.pdf?v2=true Telegram : https://t.me/pepeto_channel Instagram : https://www.instagram.com/pepetocoin/ Twitter/X : https://x.com/Pepetocoin
Cryptocurrency enthusiasts, get ready for an exciting shift in the market. The recent downward trend is showing signs of halting, indicating potential for a significant upward movement. This article will unveil four digital coins poised for substantial growth. Discover which assets could transform your holdings and lead to impressive returns in the near future. Hedera HBAR's Recent Rally and Longer-Term Dip Hedera experienced a notable rally over the past month, with a surge of nearly 79%. Despite this, the longer-term view reveals a 16% decline over the past six months. Price activity has fluctuated between $0.12 and $0.18, reflecting a short-term bullish trend amid a cooling longer-term market. The one-week increase of approximately 3.66% indicates a lively market contrast to the previous half-year's downward trend. This volatile performance highlights rapid gains interspersed with periods of correction, capturing Hedera's dynamic price movement recently. Current trading levels indicate support near $0.10 and resistance around $0.21, with additional levels at $0.04 below and $0.27 above. The price remains within the $0.12 to $0.18 range, suggesting active buying but facing significant resistance. Market sentiment shows bulls testing support while caution prevails under resistance. A clear trend has not yet formed, as traders weigh potential gains against pullbacks. Watching for strength near support for potential dip buys and monitoring resistance breaks will be key trading strategies. Arbitrum: Past Momentum and Current Price Level Dynamics Arbitrum recorded a notable 45.023% gain over the past month, accompanied by a 33.675% drop over the last six months. The recent surge shows strong short-term buying interest, while the half-year decline highlights underlying challenges. The asset's behavior indicates quick rallies followed by longer-term retracements. Prices have reacted sharply to shifts in market sentiment, creating opportunities for traders who can exploit sudden movements. Historical trends emphasize the need for active management, as periods of bullish momentum can quickly turn into corrections. This performance underscores the potential for swift profits while also signaling caution amid broader market volatility. Current market conditions place Arbitrum between $0.25662 and $0.43035. The nearest resistance is at $0.51534, with significant support near $0.16788. Technical indicators like the Awesome Oscillator at 0.0627 and an RSI around 60.189 suggest buyers are active, though a recent 0.985% drop indicates minor pullbacks. There is no clear trend, as bulls are emerging at lower levels while bears are defending against declines near support. Traders may consider entering near $0.16788 and exiting close to $0.51534, focusing on the range between these levels for potential trading strategies. Avalanche Price Dynamics: Short-Term Gains Amid Long-Term Setbacks Avalanche experienced a 37.59% price increase in the last month, signaling renewed investor interest and vigorous market activity. This aggressive upward movement sharply contrasts with a 32.27% decline over the past six months, showing that recent momentum has not yet overcome longer-term challenges. Price fluctuations have been dynamic, with rapid gains emerging after a period of weakness. Trends across these timeframes point to a recovery phase in the short run while reminding traders of the inherent volatility observed over extended periods. Current trading levels for Avalanche reveal a price fluctuating between $14 and $22. A primary support level is identified at approximately $11.70, with a key resistance zone near $25.89. A second layer of technical boundaries is provided by support at roughly $4.59 and resistance close to $32.99. Market indicators present a mixed picture; the Awesome Oscillator at 3.69 and Momentum Indicator at 1.51 suggest upward pressure, while the Relative Strength Index around 62 indicates the coin is not in oversold territory. There is no clear long-term trend, with bulls pushing for gains while bears leverage short-term corrections. Traders might consider entering near support levels and watching resistance for breakouts, using cautious stops to manage risk. Cronos Price Momentum Indicates Rising Bullish Sentiment Cronos experienced a rapid increase of 62.38% over the past month, fueled by vibrant trading and a weekly gain of 12.81%. In contrast, the last six months were quite stable, with only a 0.075% change. This juxtaposition highlights the recent bullish momentum alongside a longer period of minimal price movement. Short-term activity reveals a surge in investor interest and strong market engagement, driving prices higher while maintaining a consistent profile over time. Currently, Cronos is trading within a tight range of $0.0696 to $0.1014, facing resistance near $0.1211 and a stronger barrier at $0.1529. Key support is located at $0.0575, with additional strength at $0.0257. The recent bullish trend is evident, but an RSI of nearly 81 suggests overbought conditions, prompting caution. Trading strategies could involve buying near the $0.0575 support and monitoring resistance at $0.1211, while potential bear pressure may arise if prices dip below these levels. Conclusion HBAR , ARB , AVAX , and CRO are poised for significant growth. HBAR is gaining traction with its fast transaction speeds. ARB is attracting attention for its robust features. AVAX continues to impress with its adaptability. CRO stands out for its broad usability. Together, these coins present solid opportunities for future gains. Each has unique strengths that could lead to substantial increases in value. These coins are worth considering for a diversified portfolio. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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BitcoinWorld Urgent Warning: Bank of Korea Stablecoins Deemed Perilous by Union The world of digital finance is constantly evolving, bringing with it both incredible innovation and significant challenges. At the heart of this evolving landscape are stablecoins – cryptocurrencies designed to maintain a stable value, often pegged to fiat currencies like the Korean Won. But what happens when the very institutions meant to safeguard economic stability voice serious concerns? A recent and compelling development has put the spotlight on Bank of Korea stablecoins , as the central bank’s own labor union has issued a stark warning, sparking a crucial debate about financial safety and the future of digital assets. Why the Alarm Over Bank of Korea Stablecoins? Unpacking the Union’s Concerns The opposition to Korean won-pegged stablecoins isn’t coming from external critics; it’s emanating from within the very institution tasked with maintaining financial stability: the Bank of Korea (BOK). According to a report by Yonhap Infomax on July 28, Kang Young-dae, the union leader, minced no words. He articulated a profound concern that stablecoins are rapidly morphing into a new iteration of “shadow banking.” So, what exactly does this mean? In essence, the union leader highlighted that these digital assets have the capacity to attract substantial funds without offering any interest to their holders, all while presenting a deceptive facade of being inherently safe assets. This dual nature — attracting capital without traditional banking oversight or interest payments, yet marketing themselves as secure — is precisely what triggers the “shadow banking” alarm. The union’s apprehension extends beyond just the concept of shadow banking. They’ve identified several layers of risk that could potentially unravel the perceived stability of these tokens: IT-Related Risks: Stablecoin issuers heavily rely on complex technological infrastructures. Any vulnerabilities, glitches, or cyberattacks on these systems could compromise the integrity and functionality of the stablecoins, leading to potential loss of access or value for users. Market Risk: The value of reserve assets backing stablecoins can fluctuate. If the market value of these assets (like government bonds) declines significantly, it could undermine the stablecoin’s ability to maintain its peg, leading to a de-pegging event. Credit Risk: This relates to the risk that the issuer of the stablecoin, or the entities holding its reserve assets, could default on their obligations. If the issuer’s financial health deteriorates, or if the quality of their reserve assets is questionable, the stablecoin’s stability is directly threatened. Operational Risk: Beyond IT, this encompasses risks from inadequate or failed internal processes, people, and systems, or from external events. Poor management of reserves, errors in redemption processes, or even fraud could severely impact a stablecoin’s operations and its ability to honor redemptions. Kang Young-dae painted a vivid picture of a worst-case scenario: should public trust in a stablecoin issuer erode, it could ignite a “run on the coin.” This would force the issuer into a “fire sale” of their underlying reserve assets, potentially including government bonds. Such a rapid sell-off could not only lead to substantial losses for consumers but also reverberate through the broader financial system, posing a significant threat to the national economy. The concerns surrounding Bank of Korea stablecoins are therefore not merely theoretical but rooted in a deep understanding of financial contagion. Understanding Stablecoins: Are They Truly Stable, and What Are the Bank of Korea’s Worries? Before delving deeper into the union’s specific concerns about Bank of Korea stablecoins , it’s essential to grasp what stablecoins are and why they exist. At their core, stablecoins are cryptocurrencies designed to minimize price volatility. Unlike Bitcoin or Ethereum, whose values can swing wildly, stablecoins aim to maintain a consistent value, usually pegged 1:1 with a fiat currency (like the US Dollar or Korean Won), or sometimes to commodities like gold. Their primary appeal lies in bridging the volatile world of cryptocurrencies with the stability of traditional finance. They facilitate faster, cheaper international transactions, offer a digital haven during crypto market downturns, and serve as a vital component in decentralized finance (DeFi). However, the mechanisms used to maintain this “stability” vary, and each comes with its own set of risks, which are precisely what the BOK union is scrutinizing. Let’s look at the main types: Fiat-backed Stablecoins: These are the most common. For every stablecoin issued, an equivalent amount of fiat currency (e.g., USD, KRW) or highly liquid assets (like government bonds, commercial paper) is held in reserve by the issuer. Examples include Tether (USDT) and USD Coin (USDC). The BOK union’s concerns largely center on this model, particularly regarding the quality and transparency of these reserves. Crypto-backed Stablecoins: These are overcollateralized by other cryptocurrencies. For instance, $1 worth of a stablecoin might be backed by $1.50 worth of Ethereum. MakerDAO’s DAI is a prominent example. While offering decentralization, they are still vulnerable to extreme crypto market crashes. Algorithmic Stablecoins: These do not rely on traditional reserves but instead use complex algorithms and smart contracts to maintain their peg. They typically involve a dual-token system where one token is the stablecoin and the other is a volatile “seigniorage” token used to absorb price fluctuations. The infamous collapse of TerraUSD (UST) and its sister token Luna in May 2022 serves as a stark reminder of the inherent fragility and systemic risks associated with this model, leading to billions in losses and global regulatory alarm. The BOK union’s warning draws heavily from lessons learned globally. The Terra-Luna incident, for example, demonstrated how a loss of trust, coupled with a flawed design, could trigger a catastrophic de-pegging and a “death spiral” that impacted not just the stablecoin but the broader crypto market. The union’s concerns about potential “fire sales” of government bonds directly reflect the systemic risk highlighted by such events, where issuers might be forced to liquidate assets quickly, potentially destabilizing traditional markets. This underscores why careful consideration of Bank of Korea stablecoins is paramount. Global Regulatory Landscape: A Patchwork Approach to Stablecoin Risks? The Bank of Korea labor union’s strong stance on stablecoins is not an isolated incident but rather a reflection of a growing global consensus among financial regulators regarding the potential systemic risks posed by these digital assets. From Washington D.C. to Brussels and London, authorities are grappling with how to regulate stablecoins effectively, often with differing approaches. Key Regulatory Developments Around the World: United States: The U.S. has seen various legislative proposals, including the Stablecoin TRUST Act and efforts by the Biden administration, aiming to establish comprehensive regulatory frameworks. Key concerns include consumer protection, financial stability, and preventing illicit finance. The President’s Working Group on Financial Markets has recommended that stablecoin issuers be regulated as insured depository institutions (banks) to mitigate risks. European Union (EU): The EU is at the forefront with its landmark Markets in Crypto-Assets (MiCA) regulation, which is set to become one of the most comprehensive crypto regulatory frameworks globally. MiCA specifically addresses stablecoins (referred to as ‘e-money tokens’ and ‘asset-referenced tokens’), imposing strict requirements on issuers regarding authorization, governance, reserve management, and transparency. This proactive approach aims to foster innovation while safeguarding financial stability. United Kingdom (UK): The UK government has also expressed its intention to regulate stablecoins, particularly those used for payments, recognizing their potential as a new form of digital money. The Bank of England and the Financial Conduct Authority (FCA) are working on a framework that would bring stablecoin issuers under existing payment regulations, emphasizing robustness of reserves and operational resilience. Japan: Japan has been a pioneer, passing legislation in 2022 to regulate stablecoins, making it one of the first major economies to do so. The law defines stablecoins as digital money, ensuring they can only be issued by licensed banks, trust companies, or registered money transfer agents. It also mandates that they must be fully backed by yen or other legal tender and guarantee redemption at face value. The common thread across these jurisdictions is the recognition that stablecoins, particularly those intended for widespread use, require robust oversight similar to traditional financial instruments. The Bank of Korea union’s concerns about “shadow banking” and the need for stringent reserve backing align perfectly with the direction many global regulators are taking. The challenge lies in balancing the need for financial stability with fostering innovation in the digital asset space. Actionable Insight for Users and Businesses: For individuals and businesses engaging with stablecoins, it’s crucial to stay informed about the regulatory landscape in your jurisdiction. Understand that not all stablecoins are created equal; research the issuer’s transparency, the quality of their reserves, and their compliance with emerging regulations. A stablecoin operating within a well-defined regulatory framework is generally considered less risky. The discourse around Bank of Korea stablecoins serves as a potent reminder of the importance of regulatory clarity. The Debate: Innovation vs. Financial Stability – Can Bank of Korea Stablecoins Find a Balance? The core of the debate surrounding stablecoins, and specifically the concerns raised by the Bank of Korea union, boils down to a fundamental tension: the promise of financial innovation versus the imperative of maintaining economic stability. Stablecoins offer several compelling advantages: Efficiency and Speed: They can facilitate faster and cheaper cross-border payments compared to traditional banking rails, benefiting international trade and remittances. Accessibility: For the unbanked or underbanked, stablecoins can offer a gateway to digital financial services, especially in regions with less developed banking infrastructure. DeFi Ecosystem: They are the bedrock of the decentralized finance (DeFi) ecosystem, enabling lending, borrowing, and trading without traditional intermediaries. Programmability: Stablecoins can be programmed to execute complex financial agreements automatically, opening doors for new business models and smart contracts. However, as the BOK union has forcefully argued, these benefits come with significant potential downsides if not properly managed. The “shadow banking” concern isn’t just about avoiding interest payments; it’s about operating outside the prudential regulatory perimeter designed to protect depositors and prevent systemic crises. The risks of “runs” and “fire sales” are precisely what traditional banking regulations aim to prevent through capital requirements, deposit insurance, and liquidity rules. Finding the Equilibrium: Pathways Forward The path forward for Bank of Korea stablecoins , and stablecoins globally, likely involves a multi-pronged approach: Robust Regulation: Implementing clear, comprehensive regulations that mandate transparency, adequate reserve backing, regular audits, and strong governance for stablecoin issuers. This would bring them closer to traditional financial institutions in terms of oversight. Central Bank Digital Currencies (CBDCs): Central banks worldwide, including the Bank of Korea, are exploring or developing their own digital currencies (CBDCs). A CBDC would be a direct liability of the central bank, offering the highest degree of safety and stability, potentially serving as a safer alternative to private stablecoins for core payment functions. While CBDCs offer stability, they also raise questions about privacy and central control. Industry Standards and Best Practices: Encouraging the stablecoin industry to adopt self-regulatory standards and best practices that go beyond minimum legal requirements, fostering trust and resilience. International Cooperation: Given the borderless nature of digital assets, international collaboration among regulators is vital to prevent regulatory arbitrage and ensure a consistent approach to stablecoin oversight. The Bank of Korea labor union’s strong warning serves as a critical reminder that while innovation is welcome, it must not come at the expense of financial stability and consumer protection. The ongoing dialogue around Bank of Korea stablecoins will undoubtedly shape not only Korea’s digital finance future but also contribute to the global conversation on how to safely integrate digital assets into the mainstream economy. Conclusion: Navigating the Perilous Path of Bank of Korea Stablecoins The strong opposition from the Bank of Korea labor union regarding the introduction of Korean won-pegged stablecoins underscores a critical juncture in the evolution of digital finance. Union leader Kang Young-dae’s stark warnings about stablecoins becoming a new form of “shadow banking,” attracting funds without interest while masquerading as safe assets, highlight profound concerns. The inherent vulnerabilities—ranging from IT-related risks to market, credit, and operational risks—could prevent reserve assets from fully supporting these tokens, potentially leading to devastating “runs” and “fire sales” of government bonds. This could inflict severe consumer losses and pose systemic threats to the broader economy. This debate is not unique to Korea; it echoes global regulatory anxieties about balancing innovation with financial stability. As stablecoins continue to gain traction, the imperative for robust oversight, transparency, and consumer protection becomes ever more critical. The Bank of Korea union’s voice adds significant weight to the call for caution, urging stakeholders to prioritize the integrity of the financial system over unchecked digital asset proliferation. The future of Bank of Korea stablecoins , and indeed the global stablecoin landscape, hinges on how effectively these complex risks are addressed and mitigated. Frequently Asked Questions (FAQs) About Stablecoins and Economic Risks Q1: What is a stablecoin, and why is the Bank of Korea union concerned about them? A1: A stablecoin is a type of cryptocurrency designed to maintain a stable value, typically pegged 1:1 to a fiat currency like the Korean Won or US Dollar. The Bank of Korea labor union is concerned because they view stablecoins as a form of “shadow banking” that attracts funds without paying interest while presenting a false sense of security. They fear risks like IT failures, market volatility of reserve assets, credit risk of issuers, and operational mismanagement could lead to financial instability and consumer losses. Q2: What does “shadow banking” mean in the context of stablecoins? A2: “Shadow banking” refers to financial activities conducted by entities outside the traditional regulated banking system. For stablecoins, this means they can gather significant funds (reserves) from the public without being subject to the same strict regulations, capital requirements, or deposit insurance that traditional banks are. This lack of oversight increases systemic risk, as highlighted by the Bank of Korea union. Q3: What are the main risks associated with stablecoins, according to the BOK union? A3: The union identifies four key risks: IT-related risks (vulnerabilities in the issuer’s technology), Market risk (fluctuations in the value of reserve assets), Credit risk (the issuer’s ability to honor its obligations), and Operational risk (failures in internal processes or management). If these risks materialize, they could lead to a “run on the coin” and a “fire sale” of reserve assets, harming consumers and the economy. Q4: How does the collapse of TerraUSD (UST) relate to the Bank of Korea’s concerns? A4: The collapse of TerraUSD (UST), an algorithmic stablecoin, in 2022 serves as a global cautionary tale. While the BOK union’s immediate focus is on fiat-backed stablecoins, the UST incident demonstrated how a loss of trust and inherent design flaws can lead to a rapid de-pegging and massive losses, impacting the broader crypto market. It underscores the systemic risks that can arise from inadequately regulated or designed stablecoins, aligning with the union’s warnings about “runs” and economic contagion. Q5: What are global regulators doing to address stablecoin risks? A5: Many global regulators are actively working on frameworks. The EU has MiCA, which imposes strict rules on stablecoin issuers. Japan has passed laws requiring stablecoins to be backed by legal tender and issued by licensed entities. The U.S. and UK are also developing regulations aimed at consumer protection, financial stability, and anti-money laundering, often recommending that stablecoin issuers be regulated similarly to banks. Q6: What is the alternative to private stablecoins that central banks are exploring? A6: Central banks worldwide, including the Bank of Korea, are exploring or developing Central Bank Digital Currencies (CBDCs). A CBDC is a digital form of a country’s fiat currency, issued and backed directly by the central bank. It would offer the highest level of safety and stability, as it carries no credit or liquidity risk associated with private issuers, making it a potentially safer alternative for digital payments. Did this deep dive into the Bank of Korea’s concerns about stablecoins shed light on crucial aspects of digital finance? Share your thoughts and join the conversation! Help us spread awareness by sharing this article on your social media platforms and tagging friends who need to understand the evolving landscape of stablecoins and their potential impact on the economy. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin regulation and its future impact. This post Urgent Warning: Bank of Korea Stablecoins Deemed Perilous by Union first appeared on BitcoinWorld and is written by Editorial Team
The post Top Crypto to Buy Before the Bull Market Returns? This Altcoin Is Now Ranked Alongside Cardano (ADA) by Traders appeared first on Coinpedia Fintech News Cardano (ADA) has built its reputation through a disciplined, methodical rise fueled by a clear and ambitious roadmap. Traders admire its protocol clarity and steady progress, qualities that often define sustainable success in crypto. Now, a new contender has entered the scene and is earning a spot alongside Cardano (ADA) in the eyes of market watchers. Mutuum Finance (MUTM) is rapidly gaining recognition for its transparent vision and innovative approach to decentralized finance, making it one of the most compelling altcoins to buy before the next bull market surge. Duel Lending Models Mutuum Finance (MUTM) will stand out by operating a dual lending engine tailored to meet the diverse needs of crypto users. Its Peer-to-Contract (P2C) pools will enable stable and blue-chip asset holders to lend their assets securely while earning competitive interest rates. For instance, depositing 5,000 DAI into a P2C pool at an 11% APY will yield 550 DAI annually in the form of mtDAI—a token that will represent the deposit plus accrued interest. This system will offer a reliable way for lenders to grow their holdings passively, with the added security of smart contract management and overcollateralized loans. On the other hand, Mutuum Finance (MUTM)’s Peer-to-Peer (P2P) markets will be designed specifically for more volatile and riskier tokens, such as memecoins. In these markets, lenders and borrowers will negotiate terms directly, setting custom interest rates and durations. This isolated P2P system will protect the core pools from high volatility risks while offering flexible earning opportunities for risk-tolerant investors. Presale Details and Security Assurance Mutuum Finance (MUTM) is currently in presale Phase 6, with tokens priced at $0.035. This phase has attracted $13.60 million in funding, while the project boasts over 14,400 committed holders. Investors looking to enter the market will be excited to learn that Phase 7 is set to begin with a 15% price increase, moving the token price up to $0.04. This pending price hike adds urgency for anyone interested in securing Mutuum Finance (MUTM) tokens at a discount. Security remains a top priority for Mutuum Finance (MUTM). The project has undergone a rigorous CertiK audit, achieving a Manual review score of 95.00 and a Static analysis score of 78.00. To further reinforce trust, Mutuum Finance (MUTM) offers a $50,000 USDT bug bounty program designed to identify and resolve vulnerabilities across all severity levels. Additionally, the community is energized by a $100,000 giveaway that will reward ten winners, helping to build momentum and attract new investors. Roadmap and Return Potential The future looks especially promising for Mutuum Finance (MUTM) as its beta platform launch will coincide with the official token listing, marking a major milestone for user adoption. The integration of Layer 2 solutions will enable transactions with sub-cent fees, greatly enhancing the user experience by reducing costs and increasing speed. This technology boost will be a game changer for a protocol focused on efficient lending and borrowing. Moreover, users who stake their mtTokens in the designated smart contracts will gain access to additional MUTM dividends, paid out through systematic buyback cycles funded by the protocol’s revenue streams. This mechanism creates a steady passive income for users, strengthening the token’s utility and incentivizing long-term participation. For investors seeking concrete returns, consider the example of a Phase 2 backer who invested $3,000 in Chainlink (LINK) during the early presale at $0.015. This purchase secured 200,000 MUTM tokens, which are now worth $7,000 at the current $0.035 price. When the token lists at $0.06, that position will be valued at approximately $12,000. And as Mutuum Finance (MUTM) advances toward its target price of $0.60, this holding could surge to $120,000 — a remarkable 40× gain. This exponential growth is no accident. With the beta platform going to live soon, user activity and lending volume will be ramping up fast, fueling real utility for the MUTM token. Add to that the increasing token demand and a fully audited roadmap by CertiK, and it’s clear why early adopters are gaining powerful leverage as demand outpaces each presale phase. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
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TL;DR Symmetrical triangle breakout at $4.30 puts $8 target in focus, supported by rising momentum. Cup and handle pattern confirms bullish setup, with $4.15 now acting as strong support. Trading volume and open interest both surge, reflecting increased participation in the current rally. Breakout Pattern Signals $8 Potential Sui (SUI) has shown strong movement over the past week, pushing above key resistance levels after weeks of steady gains. Analysts indicate the new breakout on the daily chart may be the beginning of a major breakout, and prices are now getting close to $8. Market analyst Ali Martinez noted that SUI has broken out of a symmetrical triangle pattern, which had been forming since early 2024. This configuration, characterized by decreasing highs and lows, is a hallmark of compression followed by a breakout. $SUI appears to have broken out of a symmetrical triangle on the daily chart, targeting $8! pic.twitter.com/0LNaniCDm8 — Ali (@ali_charts) July 27, 2025 Interestingly, the breakout occurred at around the $4.30 level, which is close to the 0.786 Fibonacci retracement of the last swing high. Key Fibonacci levels, including $5.29, $6.96, and $8.05, are now used as a reference point in case buying pressure persists. Cup and Handle Formation Adds to Bullish Case Another well-known chart pattern is now visible. Analyst Robert Mercer called attention to a classic Cup and Handle structure on the 12-hour chart. The cup formed over a two-month period, showing a gradual recovery and bottom formation. The handle formed during a short pause in price action before SUI moved above $4.15. That level had acted as resistance in earlier sessions and is now functioning as support. Since the breakout, the price has moved higher and crossed several key resistance zones. Trading Volume and Open Interest Strengthen Momentum CoinGlass data shows that SUI’s 24-hour trading volume has risen to over $7.5 billion, up 19.7%. Open interest is also higher, climbing 12% to $2.73 billion. This points to a rise in trader activity around the recent move. Meanwhile, the Long/Short Ratio stands at 1.04, with long positions at 50.98% and short positions at 49.02%. This reflects a slight advantage for longs, in line with the upward price action seen on the daily and 12-hour charts. Source: Coinglass SUI is now trading above $4.26 and approaching the $5.29 level from a previous high. If the price remains above the area of the breakout, the next areas of interest are those between 6.96 and 8.05. These levels coincide with Fibonacci extensions as well as the target of the triangle breakout. The post SUI Breakout Could Lead to $8: Analyst Explains Why appeared first on CryptoPotato .