Daily News 19

Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • Flare (FLR) Joins Top Gainers With 15% Rally as Price Eyes $0.010

    Flare (FLR) Joins Top Gainers With 15% Rally as Price Eyes $0.010

    Flare Price Rally Targets $0.0082 and $0.0084 as Bullish Structure Emerges

    Flare ($FLR) has joined the market’s top gainers with a 15% rally, pushing its price to approximately $0.0065 at the time of writing. Market analysis suggests the advance could continue and potentially establish a new high if the token clears key structural resistance levels.

    Flare’s Bullish Cup-and-Handle Pattern Faces Key Resistance

    $FLR’s recent price action has formed a cup-and-handle pattern, a structure often viewed as a bullish precursor when the price breaks above its neckline. For Flare, that neckline is positioned at the horizontal resistance level of $0.0075.

    A decisive move above $0.0075 could open the way for further gains. The bullish outlook identifies three key price levels: $0.0082 initially, followed by $0.0084, while the most optimistic scenario places $FLR at $0.010. Momentum will be important in determining how far the rally can extend.

    The main hurdle remains the neckline resistance. Clearing that level could determine whether Flare enters a sustained upward move. Even a rally from the current price to the neckline would represent roughly 10% upside.

    Source: TradingView

    Technical Indicators Point to Strength

    Flare’s technical indicators are also showing improved market strength, supporting the possibility of continued upside.

    At the time of this report, the Aroon Indicator shows the Aroon Up line, marked in orange, above the Aroon Down line. The two readings stand at 92.86% and 7.14%, respectively.

    When the Aroon Up line remains above the Aroon Down line, the price has a greater chance of continuing to form higher swings. The most bullish configuration would occur if Aroon Up reached 100% while Aroon Down fell to 0.00%.

    The Accumulative Swing Index (ASI) is also trending upward, indicating a bullish market structure. Although the ASI has ticked slightly lower, as marked in red, the move is more likely to reflect a temporary pullback than the start of a broader market correction.

    Source: TradingView

    Spot Market Demand Could Support the FLR Rally

    Spot market activity could play a decisive role in determining whether Flare’s rally continues. At the time of this report, demand for $FLR had surged significantly.

    CoinGlass data shows that netflow reached approximately $325,000, suggesting that more FLR moved out of exchanges and into private wallets for longer-term holding.

    Source: CoinGlass

    If the trend continues and outflows remain higher than inflows, the movement of capital could support $FLR’s attempt to reach a new high in the near term.

    Flare Price Outlook

    Flare’s bullish cup-and-handle structure puts $0.0082 and $0.0084 in focus, with $0.010 possible if buying momentum strengthens. Strong spot-market demand and rising exchange outflows could further support the rally as buyers push $FLR toward a new high.

  • Bitcoin (BTC) Reverses Course as Whales Trade These Altcoins

    Bitcoin (BTC) Reverses Course as Whales Trade These Altcoins

    Whale activity is drawing as much attention as price movements in the cryptocurrency market. Bitcoin, which surged above $80,000 last week, has since retreated to around $78,000. Volatility across altcoins is also influencing investor risk appetite, while transactions involving whale wallets holding $BTC and other tokens continue to attract scrutiny.

    James Wynn opens 30x Bitcoin long position

    According to cryptocurrency analysis platform Lookonchain, prominent whale James Wynn switched from a short position to a long position on Bitcoin. After closing his short at a loss, Wynn opened a 30x $BTC long position.

    Whale loses $308,000 on $PONS trade

    Another major whale drew attention through its activity in the altcoin $PONS. Lookonchain reported that the whale spent 181 $ETH, worth approximately $443,000 at the time, to purchase 7.99 million $PONS about a month ago.

    After the price declined, the whale sold its entire $PONS position at a loss of $308,000. If it had held the tokens, the 7.99 million $PONS would now be worth $3.46 million, representing a potential profit of more than $3 million.

    Whales accumulate and stake $HYPE

    Mysterious whale address 0x6436 purchased 141,442 $HYPE tokens, valued at $11.88 million, today.

    Another whale purchased 488,599 $HYPE at $35 per token five months ago, for a total value of $17.18 million. The whale has now staked all 488,599 $HYPE and currently holds $23.7 million in unrealized profit.

    Ethereum whale sells $408 million in ETH

    Finally, a mysterious Ethereum whale sold 167,855 $ETH worth approximately $408 million. The whale still holds 97,115 $ETH, valued at around $237 million.

    This is not investment advice.

  • Bitcoin Enters ‘Rektember’ as Rate-Hike Risk and Seasonal Trends Threaten Rally

    Bitcoin Enters ‘Rektember’ as Rate-Hike Risk and Seasonal Trends Threaten Rally

    Bitcoin started September on a weaker note, falling 1% to below $78,000 as the cryptocurrency entered what is commonly called “Rektember.” Since 2013, September has been Bitcoin’s worst-performing month on average, with an average decline of about 3% and only five positive monthly returns.

    Recent performance offers some encouragement for Bitcoin bulls. The cryptocurrency has gained in each of the past three Septembers, while BTC surged 25% in August—its strongest monthly performance since November 2024. After that rally, the market may be due for a period of consolidation or a potential correction.

    Macro headwinds weigh on Bitcoin

    The broader macroeconomic environment is also creating pressure for risk assets. Fed Chair Kevin Warsh’s hawkish speech at Jackson Hole last Friday, which emphasized elevated inflation, helped trigger a global bond sell-off. Several sovereign bond yields have reached new cycle highs, while the U.S. 10-year Treasury yield climbed to 4.784%.

    Markets are now pricing in a 66% probability of a 25-basis-point rate hike at the Federal Reserve’s Sept. 16 meeting, followed by the possibility of another increase before the end of the year. Such moves would bring the federal funds target range to 4.00-4.25% by the close of 2026.

    Source: cryptonews.net

  • Firelight Raises $8 Million and Expands Beyond XRP to Make DeFi Less Intimidating for Fintechs

    Firelight Raises $8 Million and Expands Beyond XRP to Make DeFi Less Intimidating for Fintechs

    Firelight is also evaluating a wider range of liquid assets that do not currently generate substantial yield, CEO Anthony DeMartino told CoinDesk in an interview.

    “There’s a bunch of different assets that we’re considering,” DeMartino said. “Anything … that’s a solid asset, that has good liquidity to it, that doesn’t provide its own natural yield, will eventually be eligible to be posted as collateral.”

    Bringing fintech money onchain

    Firelight is targeting an opportunity beyond crypto-native traders as fintech companies, neobanks and payments providers increasingly integrate onchain yield products into their applications.

    The risk of customer capital being lost in an exploit can become a significant obstacle when a product is ready to launch, DeMartino said. Firelight aims to provide a protection layer that makes the transition to onchain products less daunting.

    “This isn’t built for degens,” he said. “This is built to bring the next wave of capital in. We want to be that protection layer to allow that adoption.”

    DeMartino expects more money currently held in bank accounts to move into fintech earn products powered by stablecoins, onchain vaults and wallets. Sentora, he said, has also been working to bring yield products to fintech applications, including payroll and remittance platforms.

    The gap in onchain protection remains substantial. Approximately $80 billion is locked in DeFi, according to Firelight, while only a fraction of a percent is covered by onchain protection.

  • Cashlink Adds Avalanche Support for Tokenized Securities

    Cashlink Adds Avalanche Support for Tokenized Securities

    Cashlink Technologies has integrated Avalanche into its infrastructure for issuing and managing tokenized securities, giving financial institutions an additional blockchain option while keeping issuance, custody and registrar services within Cashlink’s regulated platform.

    Cashlink expands blockchain infrastructure for tokenized securities

    Cashlink is a German provider of infrastructure for digital securities. The company holds a BaFin license as a crypto securities registrar and custodian, supporting regulated workflows for institutions entering the tokenized assets market.

    Cashlink has processed more than €1 billion in transaction volume across more than 300 live issuances. Its institutional clients include KfW, NRW.BANK, DZ Bank and Helaba.

    The integration gives Avalanche a defined route into institutional tokenization through an established regulated infrastructure provider. Future adoption will depend on whether Cashlink’s institutional clients select the network for new digital securities workflows.

    Image: Magnific

    Source: cryptonews.net

  • Hashdex Adds Hyperliquid’s HYPE to Nasdaq Crypto Index ETF

    Hashdex Adds Hyperliquid’s HYPE to Nasdaq Crypto Index ETF

    Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ) has expanded to nine assets after adding Hyperliquid’s $HYPE token, according to a Tuesday press release. The inclusion gives the diversified crypto investment product exposure to one of the largest decentralized trading platforms.

    Hyperliquid joins the Nasdaq CME Crypto Index

    $HYPE was added to NCIQ on Tuesday after meeting the requirements for inclusion in the Nasdaq CME Crypto Index. The index evaluates constituent assets based on market capitalization, liquidity, custody availability and regulatory standards for crypto exchange-traded products.

    With $HYPE included, the Nasdaq CME Crypto Index now consists of Bitcoin, Ethereum, Solana, XRP, Hyperliquid, Stellar, Cardano, Chainlink and Bitcoin Cash. The expanded composition gives NCIQ exposure to a broad range of crypto networks and use cases.

    NCIQ began trading in February 2025 with exposure to only Bitcoin and Ether. Hashdex has expanded the fund through successive index reconstitutions, adding assets as they satisfy the index’s eligibility rules.

    Hashdex highlights NCIQ’s evolving crypto exposure

    Hashdex CIO Samir Kerbage said the addition demonstrates the fund’s ability to adapt as the crypto market develops. He said NCIQ is designed to provide systematic exposure to emerging ecosystems without requiring investors to pursue individual market narratives.

    “When we launched NCIQ in February 2025 with two assets, the whole point was that the portfolio would expand as the market matured. And that’s exactly what’s happening,” Kerbage stated. “Hyperliquid’s innovative approach to decentralized trading, combined with recent regulatory advances, has made its ecosystem an increasingly important part of crypto and financial markets — and $HYPE’s inclusion in NCIQ reflects that maturity.”

    $HYPE has risen nearly 230% this year to approximately $83, outperforming many major crypto assets. Hyperliquid is also in talks with Kraken parent Payward about a potential US offering of selected perpetual futures through CFTC-regulated Bitnomial.

  • Bitcoin Faces Critical Two Weeks as Wintermute Reveals Key Price Levels: “The Next Two Weeks Are Very Critical,” and “Below This Is…

    Bitcoin Faces Critical Two Weeks as Wintermute Reveals Key Price Levels: “The Next Two Weeks Are Very Critical,” and “Below This Is…

    Bitcoin rose above $81,000 last week before falling back to approximately $78,000 after Federal Reserve Chairman Kevin Warsh delivered a hawkish speech in Jackson Hole. With BTC trading near $78,000 in recent days, cryptocurrency market maker Wintermute has outlined its latest expectations for Bitcoin.

    Bitcoin Could Trade Between $75,000 and $82,000 Before the Fed Meeting

    Wintermute expects Bitcoin to remain between $75,000 and $82,000 until the Federal Open Market Committee (FOMC) meeting scheduled for September 15–16.

    According to Wintermute’s latest market analysis, Warsh’s speech at the Jackson Hole Annual Meeting increased expectations of a September rate hike to 64.4%. The company expects the September FOMC meeting to become a major catalyst for risk assets, particularly cryptocurrencies.

    Wintermute said market expectations for interest rates will be a decisive factor in Bitcoin’s next move. Economic data due during the first two weeks of September could significantly alter those expectations ahead of the FOMC meeting.

    US nonfarm payrolls data, scheduled for release on September 4, will be closely watched for its potential impact on interest-rate expectations and the direction of BTC.

    $82,000 Resistance Remains Key for Bitcoin

    Wintermute also noted that Bitcoin has faced repeated selling pressure near $82,000 following its recent rally. The company identified the following key levels:

    “$82,000: As a significant resistance$75,000: As the first significant support$72,000: As a critical support”

    Wintermute warned that a weekly Bitcoin close below $72,000 could alter the current market outlook. Below that level, the company sees no clearly defined support zone, potentially increasing the risk of further declines.

    In the current market environment, Wintermute considers a pullback toward $75,000 a healthier short-term move for Bitcoin. Such a decline could clear leveraged positions before the market makes another attempt to move higher.

    Based on this outlook, Wintermute expects Bitcoin to consolidate within the $75,000–$82,000 range until the September FOMC meeting.

    This is not investment advice.

  • UK Crime Agency Freezes Premier League Account Containing $13.5 Million in Crypto Crime Probe

    UK Crime Agency Freezes Premier League Account Containing $13.5 Million in Crypto Crime Probe

    The U.K.’s National Crime Agency (NCA) has frozen more than £10 million ($13.5 million) held by the Premier League, according to reports.

    The freezing order was obtained from Westminster Magistrates’ Court in January 2025 under the Proceeds of Crime Act. The Sun reported Tuesday that the funds are understood to relate to the first payment made by Sorare under its $140 million, four-year partnership agreement with the Premier League, signed in 2023.

    The partnership was terminated at the end of last season. There is no suspicion of wrongdoing by the Premier League.

    “The purpose of the order is to prevent dissipation of the funds while the NCA investigates any potential links between those funds and alleged third-party criminality,” an NCA spokesperson said in a statement via email.

    The agency did not specify which crime it is investigating. Neither the Premier League nor Sorare responded to CoinDesk’s request for further comment.

    U.K. regulators increase scrutiny of crypto football partnerships

    The asset freeze comes as U.K. regulators tighten their scrutiny of cryptocurrency sponsorship deals in football. The Financial Conduct Authority has warned Premier League clubs that partnerships with unauthorized crypto firms could breach financial services laws.

  • Ethena Brings Stablecoins to Everyday Banking With High-Yield Savings, Cards, and Payments

    Ethena Brings Stablecoins to Everyday Banking With High-Yield Savings, Cards, and Payments

    Ethena ($ENA) is expanding beyond its yield-generating dollar business with Ethena Pay, a consumer finance app designed to package stablecoins into a bank account-like experience.

    The protocol said Ethena Pay went live on Apple’s App Store on Tuesday. The app combines dollar savings, card spending, international transfers and fiat onramps in one platform.

    Ethena is promoting the product as an “internet money neobank,” offering a 6% dollar savings rate and 5% cashback on card purchases. The app also supports free dollar, pound and euro onramps, local currencies, and fiat international bank account numbers (IBANs) linked to self-custodial stablecoin accounts.

    Ethena’s native $ENA token rose 9% after the announcement, outperforming broadly flat cryptocurrency markets.

    Ethena expands beyond its crypto yield strategy

    The launch marks another step in Ethena’s rapid expansion beyond the crypto basis trade that originally generated yield for $USDe (USDE), its $4 billion synthetic dollar token.

    Last week, the project revised the economics of the $ENA token and outlined plans to use equity perpetuals as another source of returns for $USDe.

    Earlier this year, Ethena introduced a savings product with Coinbase, opening another distribution channel for its dollar products through an exchange with more than 100 million users.

    From stablecoin savings to everyday spending

    Ethena Pay connects Ethena’s savings products with payments, allowing users to hold savings, earn rewards, and spend or transfer money through the same app. The approach is designed to reduce the need to move funds between a crypto wallet, exchange and traditional bank account.