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  • Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange

    Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange

    Bitcoin Soared Amid Wall Street Gains

    • Lagrange price skyrocketed by over 80% after South Korea’s largest crypto exchange, Upbit, announced trading support.
    • Upbit also listed Lombard, a Bitcoin DeFi protocol.
    • Both BARD and LA tokens pared gains amid rising profit-taking.

    Lagrange (LA), a zero-knowledge (ZK) infrastructure project, saw its price skyrocket by more than 80% following a listing announcement by Upbit, South Korea’s leading cryptocurrency exchange.

    As Upbit’s move sparked widespread interest, LA price reached intraday highs of $0.64 and ranked among the top gainers as it outpaced the likes of Wormhole, EigenLayer and Pudgy Penguins.

    Lombard, another token landing on Upbit, witnessed a sharp spike before swiftly paring gains amid profit-taking.

    Lagrange price soars 80% after Upbit listing announcement

    As noted, upward momentum for Lagrange gained traction with the announcement of its listing on Upbit.

    In an update, Upbit said it would list LA for spot trading against the Korean won, with the BARD/KRW pair available at 19:30 pm local time on Sept. 18.

    Following the news, LA’s price spiked by more than 80%, pushing the token’s value to highs of $0.64.

    LA price had hovered at lows of $0.35 prior to Upbit’s announcement.

    The price surge aligns with historical trends that have seen newly listed tokens, particularly on major exchanges like Upbit, go parabolic amid significant volatility.

    Lagrange price chart by CoinMarketCap

    Upbit also lists the Bitcoin DeFi platform Lombard

    South Korea’s Upbit has also expanded its list of supported cryptocurrencies with the listing of  Lombard (BARD).

    The exchange announced trading support for the native token of the Bitcoin DeFi platform on Thursday, adding trading pairs for BTC and Korean won.

    Upbit’s listing of BARD adds to the growing number of tokens that have found traction on the leading crypto exchange in South Korea.

    Investors interested in leveraging Bitcoin’s stability for DeFi applications will fancy Lombard, which aims to bring Bitcoin-based capital markets on-chain, and rallied amid a confluence of other factors too.

    BARD and LA price outlook

    Lagrange’s zero-knowledge proof generation platform has attracted support from global giants such as Nvidia, ZKSync developer Matter Labs and Polygon.

    Meanwhile, Lombard is a project looking to tap into Bitcoin’s growing DeFi ecosystem. Analysts note that both tokens are riding exchange momentum.

    Nonetheless, volatility may engulf both before a steadier growth trajectory emerges.

    As of writing, LA traded around $0.48, sharply paring gains amid a staggering 1,120% spike in daily trading volume.

    BARD meanwhile hovered around $1.08, again having sharply retreated from its intraday peak of $1.61.

    Analysts expect the buzz around these tokens will cool off and likely add to downward pressure.

    However, the overall broader market sentiment is bullish.

    As such, holding key levels at $0.40 and $1 could be key to LA and BARD’s short term price outlook.

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  • Crypto hacks in August hit $163 million as exchange risks grow

    Crypto hacks in August hit $163 million as exchange risks grow

    Crypto hacks in August hit $163 million as exchange risks grow

    • The largest theft was $91.4 million from anonymous Bitcoin addresses.
    • Other victims included Odin.fun ($7 million), BetterBank.io ($5 million), and CrediX Finance ($4.5 million).
    • Weak audits, human error, and fast platform launches are driving security risks.

    The digital asset industry faced another blow in August as hackers stole $163 million across 16 separate incidents, according to blockchain security firm PeckShield.

    This was a jump from July’s $142 million, showing how attacks are becoming more frequent and technically advanced.

    The largest theft was $91.4 million from multiple anonymous Bitcoin addresses, underlining the vulnerability of individual investors as well as institutions.

    Beyond the immediate financial loss, these incidents raise questions about the security of centralised platforms and the long-term impact on investor trust in the wider crypto market, which continues to expand globally.

    $54 million BtcTurk hack highlights exchange weaknesses

    One of the biggest cases in August was the breach of BtcTurk, Turkey’s leading crypto exchange, which lost $54 million.

    This incident was particularly notable because the same platform had already been hit in June 2024 for another $54 million, bringing its total annual losses above $100 million.

    BtcTurk confirmed that unauthorised access had been detected, affected wallets were frozen, and investigations with local authorities were underway.

    The repeat nature of the attack highlights how centralised exchanges remain a high-value target, with security defences proving inadequate against persistent attackers.

    Other platforms lost $17 million in separate cases

    While BtcTurk dominated headlines, smaller but still damaging attacks hit other platforms. Odin.fun lost $7 million, BetterBank.io suffered $5 million in losses, and CrediX Finance was drained of $4.5 million.

    These examples show how cybercriminals are not only targeting major exchanges but also smaller platforms, often exploiting weak security audits or untested systems.

    The cumulative effect of these breaches demonstrates how no level of the crypto ecosystem is safe from exploitation, whether through technical loopholes or basic operational oversights.

    Human error and lack of audits fuel rising attacks

    PeckShield’s data shows that the crypto sector’s rapid growth is directly linked to the rising number of hacks. New platforms and protocols are often launched quickly without thorough security reviews, giving attackers multiple entry points.

    Alongside structural weaknesses, human error continues to play a major role. Users failing to enable two-factor authentication, relying on weak passwords, or falling victim to phishing scams leave both exchanges and personal wallets open to compromise.

    The combination of technical flaws and behavioural lapses is creating an environment where cybercrime thrives, forcing exchanges and investors to reconsider their defences.

    Regulatory authorities in multiple jurisdictions have noted these trends, pointing to the need for stricter compliance checks.

    Bitcoin dips as investor confidence weakens

    The impact of these hacks has extended into the wider market. Bitcoin (BTC) slipped 0.29% in the past 24 hours to trade at $108,361.50, with a market capitalisation of $2.15 trillion.

    Bitcoin price
    Source: CoinMarketCap

    Analysts warn that repeated breaches could slow mainstream adoption, as every incident erodes investor confidence and strengthens the case for stricter regulations to protect consumers and stabilise trading activity.

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  • Optimism price spikes as OP lands on South Korea’s largest crypto exchange

    Optimism price spikes as OP lands on South Korea’s largest crypto exchange

    • Optimism price increased by more than 13% to highs of $0.84 amid gains for PancakeSwap, Ethena and SPX6900.
    • Upbit, South Korea’s leading crypto exchange, announced the listing of the Ethereum layer 2 scaling solution’s native token OP.
    • The price of OP could explode 100% as bulls eye $2.

    Optimism (OP) price is up double-digits, mirroring moves by PancakeSwap, Ethena and SPX6900 as top altcoins by 24-hour gains.

    Gains for the native token of the Ethereum layer 2 scaling solution come amid a major boost from Upbit, South Korea’s dominant crypto exchange.

    With new trading pairs set to launch for OP, price could follow.

    South Korea’s Upbit adds support for Optimism

    Upbit, a titan in South Korea’s crypto landscape, is rolling out new trading pairs for Optimism (OP).

    The exchange said this in an official announcement posted earlier today.

    In it, Upbit confirms that trading support will kick off at 16:30 KST, bringing massive trading volume and liquidity to OP.

    With South Korea being a big crypto market, this news has buoyed OP’s daily volume and price.

    As noted, Optimism has managed an impressive 13% spike from its recent trough of $0.71 to a peak of $0.84.

    The surge is accompanied by a staggering 420% spike in trading volume, which surged past $700 million.

    It’s a reaction that reinforces Upbit’s reputation as one of crypto’s biggest exchanges by daily volume.

    The listing may bolster bulls and bring new highs into the picture.

    OP has also traded higher in recent weeks after $956 billion asset manager Hamilton Lane expanded its flagship fund, Senior Credit Opportunities Securitize Fund (SCOPE), to Optimism and the Ethereum mainnet.

    Optimism price forecast: Another 100% gain for OP?

    As the crypto market holds onto bullish sentiment and analysts say altcoin season is yet to unfold, one of the coins to watch is Optimism.

    The OP token teeters on the verge of a breakout, with Upbit’s listing a potentially huge catalyst.

    Notably, the exchange’s vast user base and low 0.05% KRW trading fees could propel OP into the spotlight, potentially attracting both retail and institutional players.

    A look at technical indicators shows bulls have an upper hand.

    Optimism price chart by TradingView

    The daily chart has a rising Relative Strength Index (RSI), which signals robust buying pressure.

    OP’s price outlook is also positive as indicated by the Moving Average Convergence Divergence (MACD), currently sporting a bullish crossover.

    While Optimism price hovers near $0.82 at the time of writing, upside momentum amid fresh retail demand could help push it past $1.

    The token last traded at highs of $1.2 in April. If buyers reclaim this level, a break to $2 and YTD peak of $2.1 is likely.

    However, if sellers emerge amid the Upbit listing-driven hype, primary support levels are around $0.74 and $0.68.
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  • ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    • The altcoin has rallied following 21Shares’ ETF filing with the SEC.
    • The application indicates increasing institutional interest in RWA tokens.
    • Binance US has listed ONDO, fueling its upside momentum.

    Ondo Finance’s native coin signals imminent breakouts despite the broad market cool down, fueled by two key developments.

    First and foremost, asset manager 21Shares has filed with the US SEC to launch an ONDO exchange-traded fund (ETF).

    Secondly, Binance US confirmed listing the altcoin, with trading starting today, July 23.

    ONDO soared from the daily low of $1.0583 to $1.1642, a 10% increase, as the bullish news sparked bullish momentum.

    ONDO is at the center of Ondo Finance’s goal of bringing traditional assets on-chain.

    With interest in real-world asset (RWA) platforms skyrocketing, 21Shares and Binance US’ moves could not be better as retail and institutional investors seek Ondo exposure.

    The crypto has witnessed a surge in institutional appetite, with giants like BlackRock showing interest.

    MasterCard tapped Ondo Finance as its first RWA provider, while Ripple leveraged the blockchain to launch OUSG on its XRPL.

    21Shares files to launch ONDO ETF

    21Shares increases Ondo’s institutional appeal with the latest ETF application.

    The move confirms that traditional finance (TradiFi) is targeting the tokenization sector seriously.

    Moreover, seeking SEC authorization underscores the asset manager’s commitment to compliance and innovation in the tokenized sector of RWAs and DeFi.

    This is more than another cryptocurrency product.

    Ondo Finance remains at the core of the current trend of bringing real-world assets like US Treasuries, credit instruments, and bonds on-chain.

    Last week, Ondo Finance collaborated with BNB Chain to introduce tokenized equities in the United States.

    21Shares’ proposed exchange-traded fund would offer cryptocurrency enthusiasts exposure to ONDO via licensed platforms, without brokerage sites.

    Binance US lists ONDO

    A leading crypto exchange in the United States, Binance US, confirmed listing Ondo Finance’s token on its trading platform.

    It opened deposits on the Ethereum (ETH) blockchain yesterday, with ONDO/USDT trading set to start today.

    The official announcement read:

    We’re excited to announce that ONDO is now listed on Binance.US! Deposits for ONDO on the Ethereum network are now open. Trading for ONDO/USDT will begin tomorrow, July 23, 2025, at 4 a.m. / 7 a.m. EDT.

    The listing is vital as it makes the ONDO token accessible to the massive American retail audience.

    Moreover, listing on leading exchanges often acts as a Launchpad for many tokens.

    More US citizens can now trade ONDO without depending on overseas platforms or decentralized exchanges.

    ONDO price outlook

    Ondo Finance’s native coin attracted attention amidst the optimistic developments.

    It trades at $1.11 after a brief correction from daily highs.

    Meanwhile, the surging 24-hour trading volume highlights renewed interest in the RWA token, hinting at continued uptrend.

    Technical indicators support the short-term momentum shift.

    For example, the MACD on the 3H chart displays green histograms after a bullish crossover, signaling a buyer comeback.

    Also, the Chaikin Money Flow shows increased ONDO accumulation over the past week.

    Such trends indicate trust in the token’s near-term performance.

    Ondo Finance bull target the late January price levels above $1.60.

    Overcoming this level could catalyze smooth gains to the psychological level at $2.
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  • M2 crypto exchange to allow UAE residents to trade crypto using bank accounts

    M2 crypto exchange to allow UAE residents to trade crypto using bank accounts

    M2 crypto exchange to allow UAE residents to trade crypto using bank accounts
    • M2 enables UAE residents to trade BTC and ETH directly with bank accounts.
    • Integration supports dirham deposits, withdrawals, and market-responsive trading.
    • UAE has strict regulations to ensure consumer protection and market transparency.

    In a significant development for the digital asset market in the United Arab Emirates (UAE), M2, a prominent crypto exchange, has announced that UAE residents can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly using their bank accounts.

    This new integration facilitates the direct conversion of UAE dirhams into BTC and ETH through M2’s spot market, marking a milestone in the accessibility of virtual assets in the region.

    M2 users can seamlessly convert dirhams into BTC and ETH and vice versa

    In an announcement shared with Cointelegraph, the M2 exchange highlighted that the new feature will enable users to convert dirhams into Bitcoin and Ether seamlessly through the trading pairs listed on M2’s spot markets.

    Additionally, the platform supports the deposit and withdrawal of dirhams, offering users greater flexibility in managing their assets.

    The M2 team emphasized that this integration would enable users to “swiftly adapt to market changes,” allowing them to easily convert their local currency into crypto.

    This is particularly beneficial for everyday investors who may not be fully immersed in the complexities of the trading environment.

    According to M2, the higher levels of familiarity and significant trading volumes of BTC and ETH make these cryptocurrencies ideal entry points for new investors looking to enter the digital asset space.

    UAE has the strictest regulatory framework globally

    Regulated by the UAE government, which is known for its stringent consumer protection measures, this move reflects the country’s commitment to safeguarding its residents in the evolving crypto landscape.

    The UAE has established a reputation for having one of the strictest regulatory frameworks globally, prioritizing consumer protection. In 2022, Dubai’s Virtual Asset Regulatory Authority (VARA) mandated greater transparency in crypto advertisements to better protect consumers.

    Moreover, in 2023, the UAE introduced a federal law aimed at preventing fraud in the crypto market, imposing fines of up to 10 million AED ($2.7 million) for violations.

    Commenting on the integration, Kimmel, an executive at M2, noted that the ADGM’s licensing process was demanding due to its high standards for multilateral trading facility permits. However, he affirmed that this rigorous due diligence ensures that licensed platforms meet the country’s security and transparency standards, thereby fostering trust among UAE users.

    Despite the challenges associated with the licensing process, the UAE continues to be a strategic region for the crypto industry.

    Favourable tax policies, access to global markets, and a safe environment for innovation make the UAE an attractive destination for crypto businesses.

    This new development by M2 is set to further enhance the accessibility and appeal of virtual assets in the UAE, making it easier for residents to participate in the burgeoning crypto market.

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  • Bitcoin (BTC) regains momentum just in time for the upcoming 0DOG exchange listing

    Bitcoin (BTC) regains momentum just in time for the upcoming 0DOG exchange listing

    • At press time, Bitcoin trades at $67,260 marking a 3.57% rise over the past day.
    • Bitcoin transaction volumes remain subdued despite the resurging BTC value.
    • Bitcoin Dogs await token claiming and exchange listing with bated breath.

    Bitcoin (BTC) has surged back into the spotlight, with its price hitting a high of $67,744 in the past 24 hours.

    This surge in value comes just in time for the much-anticipated exchange listing of 0DOG, the native token of Bitcoin Dogs.

    BTC price moves out of consolidation

    The recent Bitcoin price surge comes after a period of consolidation and uncertainty in the cryptocurrency markets that followed Bitcoin’s ascent to its new ATH of $73,750.07 11 days ago.

    Analysts attribute Bitcoin’s recent price surge to several key factors. One significant factor is the growing interest from institutional investors and Wall Street in spot Bitcoin ETFs listed on Nasdaq. This influx of institutional capital into the cryptocurrency markets has contributed to the upward momentum of Bitcoin’s price.

    Furthermore, the concentration of trading volume within these ETFs has led to a surge in Bitcoin’s value.

    However, despite the soaring price, on-chain transaction volumes in terms of US dollars remain subdued compared to the levels witnessed during the bull market of 2021. This discrepancy suggests a prevailing sentiment among investors to hold onto their Bitcoin, anticipating further price appreciation.

    In addition, even with Bitcoin hitting a record high of $73,750, there is a noticeable decline in economic transactions on its blockchain.

    Analysts from Blockware Solutions highlight a discrepancy between the soaring price and the muted on-chain dollar volume. Current data shows average transfer volumes to be under $200,000, a stark contrast to the 2021 bull market where figures exceeded $1 million.

    However, Blockware Solutions analysts further speculate that a significant Bitcoin price movement will precipitate an increase in on-chain volume as seasoned Bitcoin holders may begin moving assets to exchanges for sale.

    The data also shows a growing portion of Bitcoin that has remained inactive for 3 to 4 years, reflecting the confidence of long-term investors. Projections from experts suggest that Bitcoin’s price could ascend to six figures in the near term. For instance, Standard Chartered projects that it will breach $150,000 in 2024.

    Bitcoin Dogs: investors await exchange listings

    As Bitcoin jumps back into the limelight, Bitcoin Dogs, a Bitcoin-based dog-themed project, has garnered significant attention in the recent past with its unique platform where dog lovers and crypto enthusiasts come together to trade, collect, and engage in various activities within the Dogeverse.

    Central to the Bitcoin Dogs ecosystem is its native token, 0DOG. This token serves as a utility and governance token within the platform, allowing users to participate in various activities such as trading, staking, and governance decisions.

    Additionally, Bitcoin Dogs features Non-Fungible Tokens (NFTs) representing digital collectibles of virtual dogs, adding a layer of gamification and collectibility to the platform.

    The recent conclusion of the 0DOG token presale marks a significant milestone for the Bitcoin Dogs project. The presale, which lasted for a record 30 days, witnessed overwhelming participation from the cryptocurrency community, resulting in a successful fundraising effort.

    Following the presale, participants will soon be able to claim their 0DOG tokens and engage in trading activities on the platform.

    The success of the presale underscores the growing interest and confidence in the Bitcoin Dogs project, highlighting its potential for future growth and adoption.

    Investment outlook: Bitcoin vs Bitcoin Dogs

    As Bitcoin continues to regain momentum and reach new highs, investors are faced with the question of whether now is a good time to invest in Bitcoin or Bitcoin Dogs.

    Well, while past performance is not indicative of future results, the bullish sentiment surrounding Bitcoin’s price trajectory and the promising prospects of projects like Bitcoin Dogs may present attractive investment opportunities for those looking to diversify their portfolios in the cryptocurrency space.

    However, as investors navigate these exciting developments, careful consideration of market trends and project fundamentals will be essential in making informed investment decisions in the ever-changing landscape of digital assets.

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  • IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

    IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

    IOTX logo on a mobile phone screen
    • IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge.
    • Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model.
    • Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking.

    While IoTeX, Bitcoin, and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale.

    Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage.

    IoTeX: bridging physical and digital realms

    IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge. The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustain a bullish trend.

    IOTX price chart

     

    Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, within the past week. A notable catalyst for this breakout is the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.

    IoTeX’s innovative hardware integration in security and oracle sectors, including products like Ucam home security cameras and Pebble data oracles, is capturing the attention of investors.

    Bitcoin hits $44K

    Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year. 

    Bitcoin price chart

    While the asset experienced some retracement, the overall trajectory remains positive buoyed by the high anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving event. 

    In a review of 2023, Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” second only to semiconductor giant Nvidia.

    Solana’s soaring success

    Solana, a high-performance blockchain platform, has outshone other larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% in the past year joining the likes of IoTeX for a consistent bullish surge throughout the year.

    Solana price chart

     

    This surge has propelled SOL to surpass XRP as the fifth-largest cryptocurrency. Other notable gainers in the market include Avalanche (AVAX) and Polkadot (DOT), both experiencing significant price increases.

    Pullix: redefining crypto trading with a hybrid approach

    While the larger crypto market surges towards 2024, Pullix, is set to redefine crypto trading with its innovative hybrid exchange. Combining the strengths of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” concept through its native token $PLX.

    The PLX token presale has seen substantial interest, raising $1,387,783 with 85.4% of tokens already sold.

    Investors holding PLX tokens enjoy various benefits, including passive income through staking, trading fee discounts of up to 60%, and exclusive rewards derived from the platform’s daily revenue.

    Should you invest in Pullix? Evaluating the prospects

    As Pullix gains momentum in its presale, investors may wonder whether it’s a worthwhile addition to their portfolios. Maybe the platform’s commitment to transparency, a crypto deposit-only system, and no KYC requirements could be a consideration when thinking about whether or not to invest in it.

    In addition, staking PLX offers a chance for users to earn passive income, and the innovative buy-back and burn mechanism creates scarcity, potentially driving up token value.

    However, as with any investment, investors must conduct thorough research, considering the risks and rewards involved especially with the highly volatile cryptocurrency market.

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  • ImmutableX spiked 34% after major crypto exchange lists IMX

    ImmutableX spiked 34% after major crypto exchange lists IMX

    • ImmutableX (IMX) price rose more than 30% after a top exchange listed the altcoin.
    • While IMX still tops other crypto gainers in top 50 this past week, it has retreated from near $0.78, to $0.65 amid profit taking.

    ImmutableX (IMX) was among the hottest coins this week, skyrocketing more than 34% to top the list of gainers across the top 50 coins by market capitalization. With mega cap altcoins largely constrained, the price of IMX rose to near $0.78 – the highest level since August 2. 

    Listing on one of the world’s largest cryptocurrency exchanges might have triggered the buying pressure.

    Korean listing triggers IMX buyers

    Immutable is billed as the “future of Web3 gaming,” with decent traction for the ecosystem seen over the past several months. The launch of the Immutable zkEVM Testnet has added to this outlook as developers find it easier to build Web3 games.

    IMX has however not seen much upside amid broader crypto malaise since Bitcoin’s retreat from the $31k area. This week has however witnessed a massive spike in buy pressure – a scenario likely triggered by news of the listing of IMX/KRW on leading South Korea crypto exchange Upbit.

    But according to blockchain sleuth Lookonchain, IMX rising saw major deposits to exchanges soon after – including from top blockchain gaming company Animoca Brands.

    At the time of writing, the cryptocurrency was seeing some downside pressure amid profit taking. IMX/USD traded around $0.65 on major cryptocurrency exchanges. According to data from CoinGecko, the altcoin had shed just over 1% in the past 24 hours.

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  • ASTR pares gains after major exchange listing

    ASTR pares gains after major exchange listing

    • Astar (ASTR) price rose to highs of $0.059 after news of listing on Bithumb.
    • ASTR has however pared some of the gains to trade near $0.053 amid profit taking.

    Astar (ASTR) rose to a multi-week high on Thursday, reaching an intraday peak of $0.059 as market reaction to news of a major exchange listing buoyed bulls.

    However, with sellers still largely present, ASTR has pared most of the daily gains and currently traded near $0.053. Per data on CoinGecko, the cryptocurrency’s price has a 24-hour and seven-day upside of 2.5% and 4.4% respectively at the time of writing (11:30 am ET).

    Astar price soared after Bithumb listing news

    A tweet from Sota Watanabe, founder of Astar Network, on Thursday highlighted the native ASTR’s listing on Bithumb, one of the largest cryptocurrency exchanges in South Korea. With the news came the buying pressure, a scenario that catapulted ASTR/USD from lows of $0.052 to near $0.060.

    Notably, the spike in the USD pair came even as Bithumb added support for ASTR/KRW, driving volume across the country.

    The listing on the Korea-based exchange comes after Astar Network, which is Japan’s leading blockchain, launched its highly anticipated zero knowledge (ZK) layer 2 chain Astar zkEVM on Ethereum. 

    Astar’s L2 scaling solution is powered by the Polygon CDK. According to the Astar and Polygon teams, the new ZK-powered chain brings transaction speed, scalability and security to businesses and enterprises. It’s part of the roadmap to delivering global adoption for Web3.

    ASTR also recently listed on Swyftx, one of the leading crypto exchanges for Australia and New Zealand. The token also recently debuted on Huobi.

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  • Celsius moves $59M MATIC, LINK, other altcoins to exchange

    Celsius moves $59M MATIC, LINK, other altcoins to exchange

    • Celsius has moved over $59 million of altcoins to FalconX ahead of possible liquidation.
    • The crypto lender plans to convert the tokens to BTC or ETH.
    • Celsius’s largest altcoin holding is its native CEL token, currently worth over $106 million.

    Celsius Network moved millions of dollars’ worth of altcoins on Monday, among them Polygon (MATIC), Chainlink (LINK) and Aave (AAVE).

    As CoinJournal reported in June, the US bankruptcy court recently allowed Celsius to proceed with plans to liquidate multiple coins and tokens beginning July 1, 2023. 

    The crypto lender had indicated it would be converting these into Bitcoin (BTC) and Ether (ETH) as part of the preparation towards reimbursing customers impacted by the crypto company’s bankruptcy filing in July 2022.

    Celsius moves Polygon, Chainlink and Aave tokens to FalconX

    According to on-data from crypto security platform Arkham Intelligence, Celsius deposited $59.4 million worth of various tokens to institutional crypto trading platform FalconX. Per Arkham data, Celsius transferred $13.6 million worth of MATIC, $10.7 million in LINK, and $7.3 million in AAVE to an address controlled by FalconX.

    The Data Nerd shared details of the transfers:

    The transactions followed earlier transfers involving $8.5 million worth of LINK, $7.8 million of SNX (a Synthetix native token) and $3 million in BNB token. Other tokens sent to the FalconX wallet address include 0x Protocol (ZRX), 1inch (1INCH) FTX Token (FTT) and Tether Gold (XAUT).

    Blockchain sleuth Lookonchain also highlighted that FalconX had started depositing the received tokens onto Binance – suggesting the sale was on.

    After these transfers, Dune Analytics data shows the Celsius portfolio still holds over $106 million worth of its native token CEL, $47 million in other altcoins (including $16.5 million in MATIC and $12.7 million in AAVE) and over $29 million in stablecoins ($24 million in USDC and $2 million in USDT).

    While Celsius moves ahead with plans to convert the altcoins into BTC or ETH, blockchain firm Kaiko recently noted that the Celsius team might find it difficult to liquidate a number of tokens due to their illiquidity. One of these is CEL, which has next to zero liquidity.

    Elsewhere, analysts at Kaiko say the potential sell-off pressure from the liquidations could impact downward pressure on some of the tokens.

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