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BNB Comment and Price Analysis - October 13, 2025
BNB Technical AnalysisFor a long time, BNB was trading within a rising channel and recently broke above it with strong momentum. Following the breakout, the price surged to around $1,233, then briefly pulled back to $1,100. That dip was short-lived as buyers quickly stepped in, pushing the price back up. Currently, BNB is trading around $1,219.The $1,107 level now acts as a major support, aligning with the top of the previous channel. As long as the price stays above this level, the uptrend remains intact.If bullish momentum continues, the next targets are $1,233 and $1,393. A clear move above $1,393 could open the path toward $1,539 and even $1,637 in the medium term. On the downside, if $1,107 is broken, the price may retreat to $1,008 or $928. However, the overall structure remains bullish, and any corrections are likely to be short-term. Rising Trend Summary:BNB remains in a strong uptrend after breaking out of its rising channel.Current price: ~$1,219Key support: $1,107 – holding above keeps the trend bullish.Next resistance levels: $1,233 → $1,393Breakout targets: $1,539 → $1,637The overall outlook is bullish, with potential pullbacks expected to be temporary.
Despite the Crash, $3.17 Billion Inflows into Crypto Funds
Despite last Friday's major market crash, crypto investment products had a strong week. According to CoinShares data, digital asset investment funds recorded a total net inflow of $3.17 billion over the last seven days. This brings the total amount of money entering funds throughout 2025 to $48.7 billion, surpassing last year's record.US President Donald Trump's announcement of new tariffs on China was the driving force behind the sharp market fluctuations. This triggered a global sell-off, quickly liquidating over $20 billion in positions. However, James Butterfill, Head of Research at CoinShares, stated that Friday's panic selling had limited impact on funds: "Despite the sharp market correction, there was only a weak outflow of $159 million on Friday."Trading volumes hit recordsAnother noteworthy piece of data in the report was the record increase in trading volume. Weekly trading volume for crypto investment products reached $53 billion, with $15.3 billion in transactions on Friday alone. This figure is twice the 2025 average. However, total assets under management (AUM) decreased by 7% on a weekly basis, falling from $254 billion to $242 billion.Bitcoin funds took the leadThe highest inflows throughout the week occurred in Bitcoin-focused investment products. $2.67 billion flowed into Bitcoin funds, bringing the total inflow since the beginning of the year to $30.2 billion. However, this figure is still approximately 30% below the $41.7 billion total in 2024. Butterfill also emphasized that trading volumes reached an all-time high of $10.4 billion during Friday's price correction.Ethereum investment products also managed to close the week positively. ETH funds saw $338 million inflows, while Ethereum also experienced the largest individual loss of the week, with a single-day outflow of $172 million on Friday. Butterfill stated that investors considered Ether products "the most vulnerable asset" during the market crash. Altcoin funds slowedA significant slowdown was observed in leading altcoin investment products like Solana and XRP. Solana funds saw inflows of $93.3 million, while XRP funds saw inflows of $61.6 million. These figures were significantly lower than the previous week's massive inflows of $706.5 million and $219 million, respectively. Despite this decline, experts believe that the expected Solana and XRP ETF approvals in the US could generate new momentum in the market. However, as long as the current government shutdown continues, these approvals are likely to be delayed. Currently, at least 16 crypto ETF applications are awaiting approval from the US Securities and Exchange Commission (SEC). According to Nate Geraci, President of NovaDius Wealth Management, "a flood of spot crypto ETFs will be expected" as the government reopens.
Binance to Pay $283 Million to Victims After Market Crash
Binance has released a new update regarding the losses incurred when some assets on its platform lost price stability (depeg) following the severe market crash that occurred on the night of October 10th. The company announced that it completed compensation payments of approximately $283 million to affected users within 24 hours and that the process for user protection measures is ongoing.Binance Issues Statement Following the Massive CrashAccording to the statement published on October 12th and updated on the morning of October 13th, global macroeconomic developments led to sudden selling waves in the crypto market between 8:50 PM and 10:00 PM (UTC) on October 10th. Mass selling by both institutional and individual investors caused sharp price fluctuations across the market. Binance stated that the platform's core spot and futures engines remained active during this period, and that the volatility experienced was due to general market conditions. However, it was determined that some technical modules experienced short-term disruptions after 9:18 PM UTC, resulting in short-term price deviations for some assets such as USDe, BNSOL, and WBETH. The company announced that all users who used these three assets as collateral and experienced liquidations have been paid, and that the compensation has been distributed in two batches.Binance also announced that users who suffered losses due to delays in internal transfers and redemptions of Earn products during the extreme market volatility will be compensated. Accordingly, all confirmed losses will be paid sequentially.The company maintains its stance that Binance was not responsible for the incident. The statement reads, “The market crash occurred before the depeg event. According to data, prices reached their lowest level between 9:20 PM and 9:21 PM UTC on October 10; the severe depeg occurred after 9:36 PM UTC.”Binance also clarified some of the extreme price movements that sparked controversy in the community. It was reported that the sharp declines experienced in altcoins such as ATOM and IOTX, in particular, were due to the automatic triggering of old limit orders dating back to 2019. Insufficient liquidity on the buy side led to chain selling pressure. The company stated, “The ‘$0’ value seen in the IOTX/USDT pair was merely a display error; there was no actual price drop.”Binance announced that it would fix the decimal display issues in the user interface and also make improvements to the visual interface (UI) and price indexing mechanisms to prevent such situations from occurring again.Finally, Binance added a new clause to its statement, stating that a report would be submitted to regulatory authorities if any possible “market surveillance violations” related to the incident were detected.Following the incident, markets experienced a slight recovery. Binance’s native token, BNB, gained approximately 10 percent in the last 24 hours, while the GM30 index, which represents the overall market, rose around 6 percent. Binance stated that the investigation is still ongoing, that all user cases will be reviewed individually, and that progress will continue to be announced through official channels.
JPMorgan Issues Warning on Highly Anticipated Solana ETFs
The U.S. Securities and Exchange Commission (SEC) is expected to approve spot Solana ETFs this week. However, JPMorgan analysts believe that even potential approval would not generate a significant capital inflow into the market. The bank estimates that Solana ETFs could see approximately $1.5 billion in inflows in their first year. This figure is only one-seventh of the demand for Ethereum ETFs.Dreadful outlook for SolanaJPMorgan's analyst team, led by Nikolaos Panigirtzoglou, states that the weakness in Solana's on-chain activity, investor fatigue, and increasing market competition could limit expected capital inflows. According to the report, the concentration of meme coin-focused transactions, in particular, is reducing the network's appeal to institutional investors. Furthermore, the rise of products tied to multi-asset indices such as the "Digital Markets 50" developed by S&P Dow Jones Indices is also creating competitive pressure for Solana ETFs. The bank also emphasized that there are weak demand signals for Solana futures contracts on the Chicago Mercantile Exchange (CME). This suggests that professional investors' interest in Solana remains limited and that the shift towards ETFs may also be limited.The SEC is expected to announce decisions on approximately 16 different spot crypto ETF applications throughout October. Solana ETFs are among these applications. JPMorgan stated that the likelihood of approval is high, and that existing futures products (CME contracts) and REX Osprey's first Solana ETF, launched in July, support this process.Market participants have also begun to price in this expectation. Grayscale's Solana Trust product (GSOL) traded at a premium of approximately 750% to its net asset value (NAV) last year. However, as the ETF approval process nears, this premium has fallen to almost zero. A similar trend was observed before the Bitcoin and Ethereum ETFs launched. Analysts believe that the ETF approval will be a symbolic achievement for the Solana ecosystem, but that a large capital inflow should not be expected in the short term. Institutional investors are now turning to multi-token portfolios or more balanced index products, rather than individual crypto assets. Conversely, spot ETF approval is expected to strengthen Solana's legitimacy in the long term and support institutional adoption of the network.Solana is a blockchain network known for its high transaction speeds and low fees. Its unique timestamp technology, called "Proof of History," allows it to process thousands of transactions per second at a low cost. This structure makes Solana particularly attractive for decentralized applications (dApps) and NFT projects. However, the recent increase in meme coin trading and network congestion has prevented this potential from being fully realized at the institutional level. Whether the network can regain steady growth momentum following ETF approval will be a key factor in determining investor interest. The SOL price is currently around $225.35.
Following Visa, Citigroup Joins the Stablecoin Race
Stablecoin-based payments are now on the radar not only of the crypto world but also of traditional finance giants. Citigroup's investment arm, Citi Ventures, has stepped into the center of this transformation with its strategic investment in BVNK, a stablecoin infrastructure developer. This move, which follows Visa's, signaled the race of global payment giants.Citigroup invests in stablecoin-based companyCiti Ventures, the investment arm of US financial giant Citigroup, has made a strategic investment in BVNK, a stablecoin-based payment platform. This may not be surprising to many. This comes at a time when interest in the stablecoin ecosystem from traditional finance (TradFi) giants is once again peaking.BVNK had previously received an investment from Visa in May. This makes both Visa and Citi Ventures the two major institutions behind this initiative focused on stablecoin infrastructure. The companies did not disclose the investment amount, but this partnership confirms that BVNK has become a major player in global payment systems. BVNK stands out with its annual transaction volume exceeding $20 billion. The company's clients include international payment giants such as Worldpay, Flywire, and dLocal. The platform allows businesses to make faster and more cost-effective cross-border payments by using stablecoins in conjunction with traditional currencies.The stablecoin sector has become one of the fastest-growing areas of the digital asset industry over the past year. Regulatory frameworks, particularly those implemented in major financial centers like the US and Hong Kong, have been a key factor supporting this growth. Banks, payment companies, and institutional investors are now beginning to integrate stablecoins not only into crypto exchanges but also directly into international trade and payment infrastructures.Citi Ventures President Arvind Purushotham stated that stablecoins are increasingly preferred for both on-chain transactions and the exchange of digital assets. Purushotham stated, "This technology, which offers secure, fast, and transparent payment solutions for the corporate finance world, will become a cornerstone of digital asset infrastructure in the coming years." BVNK has recently been gaining prominence not only with its stablecoin payments but also with its blockchain-based financial integration solutions. The company aims to bridge the gap between traditional banking and the digital asset world, bridging the gap. With the support of major players like Citi and Visa, this goal is expected to accelerate.According to expert opinions, Citigroup's move demonstrates that stablecoin-based infrastructures are becoming an operational efficiency tool for financial institutions. These investments deepen the integration between traditional payment networks and blockchain-based systems, paving the way for new standards in cross-border transactions.
Grayscale Updates Funds: AERO and Story (IP) Added to Portfolio
Crypto asset management giant Grayscale Investments has made a significant portfolio update to its DeFi, smart contract, and artificial intelligence-focused funds. The company removed the Maker (MKR) token from its portfolio and added new assets like Aerodrome Finance (AERO) and Story (IP). According to its own statements, the company aims to adapt to market trends and strengthen its thematic investment strategies with these changes to its fund composition. Let's take a look at the details of Grayscale's portfolio.DeFi fund reshaped: UNI and AAVE take center stageGrayscale's DEFG fund has reshaped its allocation in the decentralized finance (DeFi) space. Uniswap (UNI) leads the portfolio with 32.32%, followed by Aave (AAVE) with 28.07%, Ondo (ONDO) with 19.07%, Lido (LDO) with 7.02%, Curve (CRV) with 6.92%, and Aerodrome Finance (AERO) with 6.60%. Maker (MKR) was removed from the fund's composition and replaced with AERO. This change recalibrated the fund's risk allocation while maintaining exposure to liquidity and staking. Grayscale thus shifted its focus to more established DeFi protocols. Such rebalancing can increase price differentials in the short term, but offers investors a more stable allocation in the long term.Notable changes have also been made to the GSC fund. According to the updated allocation, Ether (ETH) accounts for 30.32%, Solana (SOL) for 30.97%, Cardano (ADA) for 18.29%, Avalanche (AVAX) for 7.57%, Sui (SUI) for 7.35%, and Hedera (HBAR) for 5.50%.The nearly equal weighting of ETH and SOL demonstrates Grayscale's balanced focus on two major players in the smart contract ecosystem. Such weightings could indirectly impact demand, particularly for Layer-1 networks (Layer-1), staking returns, and derivatives market activity.Story (IP) Surprise in AI FundThe most notable innovation in Grayscale's AI Fund is the addition of the Story (IP) token to the portfolio. The new composition is as follows: NEAR 25.81%, Bittensor (TAO) 22.15%, Story (IP) 21.53%, Render (RENDER) 12.91%, Filecoin (FIL) 11.39%, and The Graph (GRT) 6.21%.The addition of Story to the portfolio demonstrates that the fund is not limited to compute and storage projects, but is also expanding its focus to include content generation, data indexing, and distributed data infrastructures. Thus, Grayscale has established a more holistic structure that brings together data, storage, and processing power within its AI-powered blockchain ecosystem.The company stated in a statement that these moves were made to "adapt to market dynamics and more accurately represent the funds' investment theses." It also noted that the funds do not generate any income and instead sell assets in the portfolio from time to time to cover operational expenses.
What is Curve DAO Token (CRV)?
Curve DAO Token (CRV) holds a significant place in the DeFi ecosystem as the governance token of the Curve Finance protocol. To briefly define Curve Finance, it is an Ethereum-based automated market maker (AMM) protocol focused on stablecoin trading. Liquidity pools on Curve enable exchanges between assets of similar value with minimal price slippage.CRV coin is the governance and reward tool of this system. So, the answer to the question "What is CRV coin?" is that it is a token that offers participation in decision-making processes within the Curve ecosystem and incentivizes liquidity providers.Developed in 2020 under the leadership of Russian physicist and software developer Michael Egorov, Curve was created to enable low-cost and low-volatility transactions between stablecoins. This vision has made Curve a reliable infrastructure for both DeFi users and large investors. In this guide, we will address all the questions such as when the Curve DAO Token (CRV) was introduced, how it works, what functions it serves, and what its position in the DeFi ecosystem is.Definition and Origins of the Curve DAO TokenThe Curve DAO Token (CRV) is the governance token of Curve Finance, a decentralized exchange prominent in the DeFi ecosystem. CRV's primary purpose is to incentivize liquidity pools on Curve and make protocol governance community-based.Curve DAO launched in August, during the hot summer of 2020, during the DeFi boom. An interesting detail: just before the official launch, an anonymous developer deployed Curve's smart contracts, launching the CRV token a day earlier than expected. The Curve team confirmed this event and recognized August 14, 2020, as CRV's birthday.The total maximum supply is approximately 3.303 billion CRV. Approximately 43% of this, or 1.3 billion CRV, was allocated to locked distribution and vesting programs; in the early days, there was virtually no CRV in circulation.The project's development team consists of an experienced team led by Russian-born physicist and software developer Michael Egorov. Egorov has a strong background in cryptography, having previously participated in projects like NuCypher. The Curve protocol launched in January 2020, launching the first stablecoin pool on Ethereum and becoming the first AMM platform specifically optimized for stablecoin exchanges. CRV token inflation plan. Source: CRV whitepaper The Curve DAO Token's launch objective was to bring a new dimension to the concept of liquidity pools in DeFi. Unlike general-purpose AMMs like Uniswap, Curve focused on the exchange of assets of similar value (e.g., stablecoins pegged to $1). This structure allowed users to trade between stablecoins with near-zero slippage and benefit from low fees.The CRV token serves as both governance and an incentive tool to ensure the sustainability of this model. CRV holders can vote on key issues such as the protocol's fee structure, the addition of new pools, and the distribution of liquidity rewards. This puts control and the future of Curve in the hands of the community rather than a central team.The Curve DAO Token's History: Key MilestonesSince its launch, the Curve protocol and CRV token have experienced several critical milestones in the DeFi ecosystem. A look at the history of Curve coin reveals some notable developments:January 2020: Curve Finance launched its first liquidity pool on Ethereum (cDAI–cUSDC pool). This marked the birth of the first stablecoin-focused automated market maker (AMM) protocol.August 2020: The CRV token and Curve DAO were officially launched. The total supply was set at 3.03 billion CRV, approximately 1.3 billion of which were allocated to locked distribution programs. On launch day, the CRV price briefly surged above $50 (some sources say it briefly reached $60), but by the end of the same day, it had fallen to around $10. Within the first weeks, the price had fallen below $1.September 2020: A revenue sharing system based on community votes was implemented. Now, 50% of Curve's transaction fees were distributed to users who locked their CRV tokens and deposited them into the governance contract. Thus, CRV stakers began receiving a share of the platform's revenues. The famous 3pool pool, comprised of DAI, USDC, and USDT, was also launched during this period.Late 2020: Curve DAO introduced the "vote-escrowed CRV (veCRV)" system. CRV holders began earning veCRV by locking their tokens for a certain period of time. This model incentivized users for long-term governance by granting greater voting power and a share of revenue to long-term locking. Later that year, a community decision approved transferring half of transaction fees to veCRV holders, officially marking the beginning of the era of sharing protocol revenues.2021: Curve began transitioning beyond Ethereum to a multi-chain architecture. In January, integration with the Avalanche and Harmony networks was achieved, and in February, Curve was now available on the Fantom network. In April 2021, it was deployed on Polygon (Matic) and received liquidity incentives from the Polygon team. In July, pools were opened on the Ethereum sidechain xDai, and the Arbitrum integration was completed in August. That same month, Curve's total asset lockup (TVL) surpassed $10 billion for the first time. This expansion has made Curve a key provider of stablecoin liquidity across multiple ecosystems.Summer 2021: With the rise of the DeFi market, the CRV token experienced a strong rally. In August, the price reached around $6.50, marking an all-time high. Some sources indicate that it briefly reached $6.74 in January 2022.2022: Despite the market decline, the Curve team continued its development without slowing down. The CRV burn mechanism and revenue sharing model were updated through community votes. Some proposals envisioned using a portion of management fees to buy back and burn CRV from the market, aiming to limit the growth rate of the circulating supply. In January 2022, Curve broke records with $24.3 billion in total locked value and launched on the Moonbeam (Polkadot ecosystem) and Aurora (Near ecosystem) networks. During the Terra ecosystem's collapse in May, Curve pools reached a daily trading volume of $5.8 billion. That same year, Curve's web domain (curve.fi) was subjected to a DNS attack, but the team quickly contained the incident. By the end of the year, the CRV price was fluctuating between $0.40 and $1.2023: The Curve ecosystem gained its own stablecoin, crvUSD. Launched in May, crvUSD was designed as an over-collateralized stablecoin where users could borrow by providing collateral. Thanks to the LLAMMA (Lending-Liquidating AMM) algorithm, liquidations occur gradually, providing a more stable experience for borrowers. In July 2023, Curve was shaken by a major security incident. A vulnerability in the Vyper language led to the hacking of some pools, and approximately $70 million worth of crypto assets were stolen. This incident dropped the CRV price from $0.73 to $0.62. Founder Michael Egorov's highly collateralized loans on Aave faced liquidation risk, but with the support of the DeFi community and major players like Convex, Frax, and Aave, the situation was brought under control. After the incident, the Curve team tightened its security controls and reconsidered its contracts. 2024: Following the hack, Curve entered a restructuring process. Emergency measures were implemented through community votes, temporarily reducing CRV inflation and creating new incentives. Egorov and the team increased oversight to regain user trust and collaborated with white-hat hackers to recover funds. The Curve ecosystem significantly recovered throughout 2024. In October, the first crvUSD-based yield product, scrvUSD (Savings crvUSD), was introduced. This new stablecoin offers interest to its users and attracted over $20 million in deposits in its first month.2025: As of October 2025, CRV coin price is trading around $0.7. Why is the Curve DAO Token (CRV) Important?There are many factors that distinguish the Curve DAO Token from its peers and make it a critical asset within DeFi. So, let's summarize the benefits of the CRV token:A Model Focused on Stablecoin LiquidityCurve Finance enables trading of assets of the same value (especially stablecoins pegged 1:1) with minimal price slippage. This structure ensures almost no slippage even in large stablecoin transactions, making Curve indispensable for stablecoin trading. It also provides low-slip pools for liquid staking tokens like stETH, ensuring efficient trading of these assets.Governance Power and Community ControlCRV holders have a say in decisions that shape the future of the Curve protocol. The Curve DAO governance model utilizes community votes on a wide range of issues, from pool parameters and transaction fees to new network integrations and treasury spending. In the DeFi ecosystem, protocols like Yearn and Convex attempt to influence veCRV votes by collecting CRV. This further increases the importance of CRV in DeFi.veCRV system (vote-escrowed CRV)Users who lock their CRV tokens for a certain period receive veCRV in return. This system rewards long-term commitments. The longer the lockup period, the greater the user's voting power. veCRV holders not only have voting rights but also the right to share in transaction fees and receive a "boost" (yield increase) in liquidity mining. For example, a user who holds a sufficient amount of veCRV can increase their CRV rewards in pools by up to 2.5 times. This makes long-term Curve participation quite attractive.Revenue sharing and yield opportunitiesCurve distributes half of the platform's transaction fees to veCRV holders. This allows users who lock their CRV to earn passive income. CRV is also central to many yield farming strategies. Users who provide liquidity receive a share of transaction fees and CRV rewards. This system both incentivizes users and maintains Curve's strong liquidity.DeFi Integrations and Ecosystem ImpactCurve has become an infrastructure protocol in the DeFi world. Projects like Yearn Finance, Convex Finance, StakeDAO, Frax Finance, and Lido are building their products around Curve pools. For example, Yearn vaults channel user funds to Curve and collect CRV rewards, while Convex allows users to leverage CRV without locking their CRV. Thanks to these integrations, both the liquidity and the usage area of CRV have significantly expanded.A New Use Case with crvUSDThe Curve stablecoin, crvUSD, launched in 2023, has added new functionality to CRV. Now, users can borrow crvUSD using CRV or other collateral and utilize this stablecoin in various DeFi strategies. The success of crvUSD moved Curve from being just an exchange into the lending arena. This increased demand for CRV and protocol revenues.Liquidity Mining IncentivesCRV is the primary reward token awarded to users who provide liquidity to pools on Curve. When a user adds assets to pools like 3pool, they receive both a share of transaction fees and CRV incentives. This model played a key role in Curve's growth. Many investors accumulated CRV by providing liquidity and, over time, became influential in the protocol's governance.Curve Finance Ecosystem and Technical InfrastructureCurve Finance operates under the hood with a highly innovative automated market maker (AMM) algorithm. This algorithm is customized with the StableSwap model that gives Curve its name. Unlike Uniswap's constant product formula, Curve uses a combination of constant sum and constant product formulas. This hybrid structure maintains a 1:1 value balance of stablecoins while maintaining a relatively flat price curve. This means that when the assets in the pool are similar in value, even large transactions don't significantly impact the price. As a result, users can execute high-volume stablecoin swaps with minimal slippage. For example, in the popular 3pool (DAI/USDC/USDT) pool, even multi-million dollar transactions barely disrupt the price balance.Each Curve pool consists of assets of similar value. The most well-known example is 3pool, but there are also 2-pools (e.g., renBTC-WBTC) and 4-pools. Curve expanded this model over time, developing a new structure called a metapool. Metapools link the liquidity of a new token to one of Curve's main pools. This way, that token benefits from the main pool's liquidity, creating a deep market. For example, the sUSD metapool integrates with 3pools, enabling high-liquid exchange of sUSD against DAI, USDC, and USDT. V2 pools, introduced in 2021, include improvements optimized for more volatile assets (e.g., ETH and wBTC).Curve is now active not only on Ethereum but on many blockchains. It operates on networks such as Polygon, Arbitrum, Optimism, Base, Avalanche, BNB Chain, and Fantom. This cross-chain structure (cross-chain expansion) has been gradually implemented since 2021. For example, users who want to avoid the high transaction fees on Ethereum can choose Curve versions on Polygon or Arbitrum. Curve distributions across different networks operate on the same principle, and CRV incentives can be shared across networks. The community is even discussing the idea of a Cross-Chain DAO (xDAO) to consolidate governance across these different chains. This has transformed Curve from an Ethereum-based exchange into a multi-chain DeFi infrastructure.A key component of Curve's technical structure is its stablecoin, crvUSD. This token is based on the Collateralized Debt Position (CDP) model. Users can lock their collateral, such as ETH, stETH, or wBTC, into a smart contract and issue crvUSD in return. While this system is similar to MakerDAO's DAI model, Curve uses a specialized mechanism called LLAMMA (Lending-Liquidating AMM). LLAMMA gradually pays off the loan by selling collateral as the collateral ratio begins to decline, preventing users from liquidating suddenly. This provides a safer and more predictable experience for borrowers. With crvUSD, Curve is no longer just a DEX; it's also a lending platform. The scrvUSD product, introduced in 2024, offered additional income by earning interest on crvUSD balances.Security-wise, Curve is one of the most audited protocols in the DeFi ecosystem. Companies like Trail of Bits, Quantstamp, MixBytes, and ChainSecurity have conducted numerous audits. The Curve team also runs a bug bounty program that rewards developers who identify potential vulnerabilities. Following incidents like the DNS attack in 2022 and the Vyper vulnerability in 2023, the team further tightened its security processes. Especially after the Vyper attack, legacy contracts were disabled, and the frequency of audits was increased. Despite all the risks, Curve, which has long managed billions of dollars in assets, has gained a relatively reliable position in the DeFi world thanks to its substantial security experience and strong intervention track record.In short, Curve Finance's infrastructure: Its StableSwap algorithm, unique to stablecoins, stands out with its multi-chain deployment, collateralized crvUSD system, and rigorous auditing processes. This structure has made Curve not only an exchange but also one of the core liquidity infrastructures of DeFi. Today, many projects leverage Curve's pools and oracle data to maintain stablecoin balance and ensure price stability.Curve DAO and Governance ModelCurve DAO is a truly community-driven, decentralized, autonomous organization. This means that control of the Curve protocol and all major decisions are determined by the votes of CRV holders. Each CRV holder has a say in the protocol's governance based on the voting power they gain by locking their tokens. Despite being referred to as the "central bank of DeFi," Curve is governed by the community, independent of a central authority. For example, the CRV reward ratios (gauge weights) of pools within Curve are determined through regular votes. The community decides how much CRV incentive should be allocated to each pool, thus increasing liquidity flow to pools with higher rewards.At the heart of Curve's governance model is the veCRV (vote-escrowed CRV) system. CRV holders can lock their tokens for a desired period (between 1 week and 4 years). In return, they receive veCRV based on the lockup period. veCRV is non-transferable; it simply represents voting power. This design rewards long-term participants rather than short-term investors. For example, someone who locks up for four years earns the maximum (1:1) veCRV, while shorter lockups experience a proportional decrease. veCRV holders have three key privileges: the right to participate in governance votes, receive a share of transaction fees, and receive a boost—an extra return—on liquidity mining. This model introduced Curve's "locked vote" system to the DeFi world and has become a model for many projects.While some, such as Binance CEO CZ, advocate for token burns, Curve founder Michael Egorov and many DeFi developers argue that locking up tokens is more effective, both reducing the supply and strengthening governance.Convex Finance holds a unique place in the Curve ecosystem. Convex is a protocol that allows users to benefit from the benefits of veCRV without actually locking up their CRV. When users stake their CRV on Convex, Convex locks these tokens in its name and issues them cvxCRV in return. This allows users to gain both boost benefits and revenue sharing without worrying about lockup periods. This model proved so popular that Convex held a significant portion of Curve's total veCRV. This gave rise to the competition known as the "Curve Wars." Convex, Frax, and similar protocols, with their significant veCRV power, began voting to channel more CRV emissions into their preferred pools. This process kept CRV demand high and shaped Curve's liquidity incentives according to market dynamics.The Curve DAO's governance process is conducted through an open forum and voting system with thousands of participants. Discussions generally take place on the Curve Governance Forum; once proposals mature, they are put to a vote as a CIP (Curve Improvement Proposal). Accepted proposals are implemented directly within the protocol via smart contracts. The Curve DAO has become one of DeFi's largest communities, with tens of thousands of active participants. Transparency is a fundamental principle in decision-making. For example, in 2022, when a project called Mochi attempted to manipulate the voting system, the community immediately intervened, neutralizing the pool's incentives through extraordinary voting.Curve's Developers and CommunityThe key figure behind Curve Finance is Michael Egorov, a Russian-born physics PhD. With an extensive background in software and cryptography, Egorov served as CTO of the decentralized data privacy project NuCypher before joining Curve. After noticing the inefficiency of stablecoin exchanges in 2019, he developed the StableSwap formula and laid the foundation for Curve. With the protocol's launch in January 2020, a completely new era in DeFi began. Egorov spearheaded Curve's technical infrastructure and emerged as a leader who prioritized community governance. Although Egorov's credit for Aave came to the fore following the hack in the summer of 2023, this further highlighted his influence in the ecosystem. As of 2025, Egorov remains active in the Curve ecosystem and is also working on a new AMM model called Yield Basis, which aims to mitigate volatile losses.Curve's development team, led by Egorov, consists of numerous independent developers and open-source contributors. Initially a small team, the project has grown with the addition of developers from the community. Numerous contributors have joined the process, developing interfaces, testing smart contracts, and integrating new pools. The Curve team always takes a cautious approach when introducing innovations: first, security audits are conducted, then they are tested on the testnet, and finally, they are pushed to the mainnet by a community vote. This prioritizes security and stability.This ensures that security and stability are always prioritized.The Curve Ecosystem Fund, launched at the end of 2020, has paved the way for community-funded projects. This fund supports the promotion of new pools, security bounties, research projects, and development efforts.On the community side, the Curve DAO boasts a large and active participant base. Every week, heated discussions take place on various topics in the forums; CRV holders express their opinions, and while disagreements sometimes arise, the outcome is always determined by community vote. Participants include individual investors as well as founders of major protocols. For example, Yearn Finance founder Andre Cronje was an active Curve supporter during 2020–2021 and popularized the concept of "Curve Wars." The Convex Finance and Frax Finance teams also regularly participate in Curve votes. This has made the Curve forums a virtual hub for discussion and bargaining in the DeFi world.Collaborations have also played a significant role in Curve's success. Thanks to the Yearn Finance integration, Yearn vaults can earn returns from Curve pools. The partnership with Lido Finance enabled stETH/ETH liquidity to be pooled within Curve. Aave determines stablecoin interest rates using the rates in Curve pools. Even during the CRV liquidation crisis in 2023, the Aave and Curve communities worked together to resolve the issue. Frax Finance manages FraxBP, one of Curve's largest pools, and Curve has played a significant role in the success of its stablecoin, FRAX.The community isn't solely profit-focused; it's open to innovation. Throughout 2022 and 2023, DAO forums discussed numerous ideas, including cross-chain governance, CRV systems integrated with NFTs, and new AMM algorithms. While not every project materialized, Curve discussions played a guiding role for the DeFi industry. For example, the "liquidity gauge" system and the "vote-lock" model were later adopted by projects like Balancer. The Vote-lock model is also included in CRV's whitepaper CRV Token EconomicsOne of the most important factors determining the long-term success of a crypto project is its token economics. CRV tokenomics was created with a long-term plan to support Curve Finance's growth.The total supply of CRV was initially set at 3.03 billion, but this amount was not released at once. Curve planned a declining emission schedule spanning approximately 300 years. According to this schedule, the amount of new CRV entering circulation each year gradually decreases. At launch in August 2020, there was almost no CRV in circulation; rewards were distributed at a high emission rate in the first year. The production rate was gradually reduced in subsequent years. By 2025, approximately 1.9 billion of the total supply of 3.03 billion had been produced, of which approximately 1.1 billion were actively traded. The remainder is still locked or vested.CRV distribution was planned from the outset to be fair and incentive-driven. The percentages were as follows:• 62% – Liquidity providers (as rewards for those who fund Curve pools)• 30% – Community reserves and ecosystem incentives (strategic partnerships, development funds, emergency budgets)• 3% – Employees (with a 2-year vesting period)• 5% – Founders and early investors (with a 2-4 year vesting period)This distribution allowed the majority of CRV to be distributed to the community through liquidity mining in the early years. The gradual release of team and investor shares prevented early market selling pressure.While CRV is inherently inflationary, this inflation was designed to decrease annually. Initially, approximately 300 million CRV were produced annually; this amount has been decreasing by an average of 15% annually. While more than 1 CRV was produced per second in 2021, this rate has decreased significantly by 2025. Reaching the full supply will take a very long time, likely reaching the 2100s. The logic behind this model is to attract liquidity with high rewards in the initial stages and to maintain the token's value by limiting supply growth in subsequent years.Another notable aspect of the CRV economy is the burn and buyback mechanisms. CRV is not a token that is constantly burned; on the contrary, its supply increases over time. However, Curve DAO has taken steps to use protocol revenues to support CRV value. With a decision made at the end of 2020, 50% of transaction fees began to be channeled into the DAO treasury. These revenues were used to buy back 3CRV tokens from the market and distribute them to CRV holders. Further strengthening this model and burning a portion of the collected 3CRV were discussed in 2022.Michael Egorov emphasized in his statements in 2023 that even without a direct CRV burn mechanism, the CRV lockup system effectively produces the same effect. Long-term lockups support the token price by reducing the circulating supply. Proposals such as further reducing CRV inflation in the future or making direct market purchases with the proceeds are still being discussed within the Community.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about the Curve DAO Token:What is the Curve DAO Token (CRV) and what does it do?: CRV is the governance and rewards token of the Curve Finance protocol. CRV holders can vote in the protocol, earn liquidity mining rewards, and receive a share of transaction fees through CRV. In short, CRV provides both governance power and incentives within the Curve ecosystem.When and by whom was Curve DAO founded?: The Curve protocol was founded in January 2020 by Michael Egorov, a Russian-born software developer with a PhD in physics. The Curve DAO and the CRV token launched in August of that year. The official launch date of Curve DAO is considered to be August 14, 2020.Which blockchains does Curve Finance work on?: Curve was originally developed on Ethereum but has evolved over time into a multi-chain structure. Today, Curve: Polygon is active on many different networks, including Arbitrum, Optimism, Base, Avalanche, BNB Chain, Fantom, Harmony, and xDai. Users can exchange stablecoins through Curve interfaces on these networks. This has made Curve one of the most widely used multi-chain DEX platforms in the DeFi world.What is the veCRV system?: veCRV (vote-escrowed CRV) is a special governance token obtained by locking CRV tokens for a specified period. Users can lock their CRV for any period, from 1 week to 4 years. The longer the lockup period, the more veCRV is earned. veCRV holders have the right to participate in voting in the Curve DAO, receive revenue shares from transaction fees, and earn boosts (increased returns) on liquidity mining rewards. This system forms the basis of Curve's long-term participation reward structure.Is Curve Finance safe?: Curve is one of the most regulated and widely used protocols in the DeFi space. Its smart contracts have been audited numerous times by firms like Trail of Bits and Quantstamp. While generally operating stably since 2020, there was a DNS attack in 2022 and a hack caused by the Vyper vulnerability in 2023. The team responded quickly to these incidents, recovering a large portion of user funds. Today, Curve is considered a "vetted but risky" protocol, as smart contract risk cannot be completely eliminated in the DeFi world.What is crvUSD?: crvUSD is a stablecoin launched by Curve Finance in 2023, pegging its value to $1. Users can mint crvUSD by locking their ETH, wBTC, or similar collateral into smart contracts. What distinguishes crvUSD is its special liquidation mechanism called LLAMMA. This system gradually sells the position when the collateral value begins to decline, preventing sudden liquidations. This provides a more stable and secure borrowing experience for users. Don't forget to follow our JR Crypto guide series for the latest developments in the Curve DAO Token and DeFi world.
YZi Labs Announces $1 Billion Massive Fund for BNB Ecosystem
YZi Labs has launched a massive $1 billion fund to support startups in the BNB Chain ecosystem. The company aims to strengthen BNB's growth potential by investing in projects focused on Web3, artificial intelligence (AI), DeFi, and biotechnology.YZi Labs launches BNB networkFormerly known as Binance Labs before its rebranding, YZi Labs repositioned itself in the crypto space last year by changing its identity. In a statement, YZi Labs stated that this fund, called the "BNB Builder Fund," will provide support to entrepreneurs working in various fields such as decentralized finance (DeFi), artificial intelligence, real-world assets (RWA), decentralized science (DeSci), and wallet infrastructure. The fund will also operate as part of the YZi Residency program and will include BNB Chain's "Most Valuable Builder (MVB)" accelerator program. Projects selected for the MVB program will receive up to $500,000 in funding and will gain direct access to YZi Labs and BNB Chain's core team. This structure aims to accelerate the financial and technical development of early-stage startups.BNB Chain has recently experienced significant growth in transaction volume and active users. According to Token Terminal data, the network ranked first in daily transactions, DEX volume, and active addresses. As of October, BNB Chain's monthly active addresses reached 57.8 million, surpassing Solana's 38.5 million. The network's daily transaction volume is approaching $4.7 billion, while the total value locked (TVL) on the decentralized exchange Aster, in particular, has increased by 500% to $2.4 billion.YZi Labs's funding initiative aims not only to support developers on BNB Chain but also to increase liquidity and transaction activity on the chain. Historically, such ecosystem funds have been known to lead to strong increases in token prices. For example, in 2021, Near Protocol raised its token price to $18 within two months after establishing an $800 million ecosystem fund. That same year, the Avalanche Foundation announced a $200 million fund, dubbed "Blizzard," and the price of AVAX quickly surged by more than 80 percent.BNB may be entering a similar period. Having gained 11.6 percent in value in the last month, this fund announcement is rumored to be sparking a new rally. The network's transaction density and new developer interest have refocused investors' attention on BNB.YZi Labs President Ella Zhang said, "With this fund, we are supporting the BNB ecosystem in building a future based on human-centric technologies. We want to empower those building the next phase of open systems."
3x Leveraged ETFs for XRP, SOL, ETH, and Bitcoin Are Coming
The crypto market is heating up again. This time, GraniteShares is taking the stage. The US-based investment company has launched a plan for 3x leveraged exchange-traded funds (ETFs) for XRP, Solana, Ethereum, and Bitcoin. This means investors will now be able to take leveraged positions on both upside and downside of these major crypto assets with up to three times the leverage. 3x leveraged ETFs are coming for four cryptocurrenciesUS-based investment company GraniteShares is taking a new step to whet the appetite of crypto investors. The company has applied to offer 3x leveraged exchange-traded funds (ETFs) based on XRP, Solana, Ethereum, and Bitcoin. These products will be designed for both long (bullish) and short (bearish) positions.GraniteShares already offers similar leveraged products for Bitcoin, Ethereum, and Solana. However, the new application promises investors much higher returns (and, of course, risk) by offering up to 3x leveraged trading, particularly for XRP. Interest in XRP ETFs ContinuesIn recent months, 2X leveraged XRP ETFs have gained significant popularity among investors. GraniteShares aims to take this trend a step further. The company's planned 3x version is designed for risk-averse investors looking to maximize price fluctuations.However, this move comes at a time when the overall outlook for the crypto market is pessimistic. The XRP price has fallen below $2.90, while Bitcoin and Ethereum are also in the red. This has dampened enthusiasm for ETF applications in the short term.Approval Process Stalled by Government ShutdownThe U.S. Securities and Exchange Commission (SEC) has temporarily suspended review of new ETF applications due to the federal government shutdown. This has led to the indefinite postponement of approval for many altcoin products, including XRP ETFs.Nevertheless, GraniteShares' persistence is noteworthy. The company was one of the first institutions to champion crypto ETFs in the past. This move could create a leadership opportunity in the "high risk, high return" segment.Leading XRP lawyer Bill Morgan responded to GraniteShares's application with humor: "I will continue to panic-buy XRP in the face of this overwhelming demand for an XRP ETF," he said. Morgan also emphasized that the application demonstrates that XRP remains among the top four cryptocurrencies, alongside Bitcoin, Ethereum, and Solana.GraniteShares's move signals continued interest in XRP from institutional investors, even as the market declines. Despite regulatory uncertainty and price weakness, leveraged ETF offerings have brought XRP back into the headlines.The market's calm comes amidst a growing influence of traditional finance (TradFi). However, if these 3X leveraged products are approved, a renewed surge of volatility and renewed retail investor interest is expected in the crypto market.In short, if GraniteShares's move is approved, it could usher in a new era for risk-averse investors—a bold step bridging the gap between crypto and traditional finance.
ALT Comment and Price Analysis - October 7, 2025
ALT Technical AnalysisAnalyzing the ALT chart, we see that the coin is still forming a symmetrical triangle pattern, with the price currently trading near the lower boundary of the structure. This area can be considered the final phase of the formation, where a breakout in either direction typically occurs with strong momentum.ALT is currently trading around $0.0289, and the lower border of the triangle at $0.0266 is acting as a critical support level. The overall technical outlook remains positive as long as the price holds above this zone. The first resistance to monitor is $0.0311; above this, a move toward $0.0345 could be triggered with a daily close. The technical target area, in case of a bullish breakout, lies between $0.039 and $0.045. However, if the price closes below $0.0266, the pattern may be invalidated, and a drop toward $0.024 could occur. Triangle Formation Summary:Support level: $0.0266 (key level to hold)Resistance levels: $0.0311 → $0.0345Bullish target (if breakout occurs): $0.039 – $0.045Bearish risk: Below $0.0266 → potential move to $0.024The chart is in its final consolidation phase, and a decisive breakout will likely define the next major directional move.
STRK Commentary and Price Analysis - October 7, 2025
STRK/USDT Technical AnalysisAnalyzing the STRK chart, we see that the price has recently broken above the symmetrical triangle formation, signaling a shift in trend direction and short-term momentum. It is currently trading around $0.1509, trying to hold above the breakout area. Triangle Fracture According to a bullish scenario, the area between $0.155 and $0.170 stands as the first resistance to follow. Holding above this resistance, the price may continue its upward move toward $0.198. Based on the height of the triangle, the technical target in the medium term lies between $0.23 and $0.25.In case of a downward correction, the level at $0.126—aligning with the upper border of the broken triangle—would act as a key support. It is crucial for the price to bounce from here to keep the breakout valid, as this support could serve as a retest zone. If this level fails, the next support to follow would be $0.111.To summarize: STRK has turned bullish after breaking out of its triangle formation. A move toward $0.17, $0.19, and possibly $0.23 is quite possible as long as the price holds above $0.126.
What is KuCoin Token (KCS)?
KuCoin Token, or KCS for short, is the native digital asset launched by the KuCoin exchange in 2017. Initially operating on the Ethereum network using the ERC-20 standard, KCS later became compatible with the KuCoin Community Chain (KCC), developed by the KuCoin community.KCS is at the core of the KuCoin ecosystem. It offers users benefits such as transaction fee discounts, daily bonus payments (KCS Bonus Program), and access to special events. It also plays a significant role in the DeFi and NFT spaces.KCS holders can earn passive income by staking their tokens, participate in token sales (IEOs) organized by KuCoin for new projects, and even use KCS to pay for online or physical purchases.KuCoin aims to reduce the total supply by periodically buying back and burning KCS tokens. This deflationary strategy aims to maintain the token's long-term value and ensure the sustainable growth of the ecosystem. In this guide, we will step by step explain what the KuCoin token is, what the KCS coin is, the history of the KuCoin coin, and what the KCS coin is used for.Definition and Origins of the KuCoin TokenKuCoin Token (KCS) is an exchange-specific utility token used within the KuCoin exchange ecosystem. Like Binance's BNB or OKX's OKB, KCS offers special advantages and privileges to exchange users. Initially known as "KuCoin Shares," it was designed with a model that allowed users to share in the exchange's profits.Launched with an initial supply of 200 million tokens, KCS was generated using the ERC-20 standard on the Ethereum network. The team, led by KuCoin founders Michael Gan and Eric Don, had been working on this project since 2013. The KCS token was launched in September 2017, in conjunction with the exchange's official launch. The KuCoin team developed this token to both reward its users and increase loyalty to the platform. Since its launch in 2017, KCS has expanded its reach alongside the growth of the KuCoin ecosystem.The primary purpose of KCS is to provide various benefits to KuCoin users. Token holders pay lower commissions on their exchange transactions and benefit from daily profit bonuses distributed based on the amount of KCS they hold. KuCoin shares a portion of its platform revenue with users who hold KCS through this bonus program. This has established a unique system that incentivizes users to hold tokens.Over time, KCS has evolved from being merely an exchange token to be integrated into the expanding world of DeFi and NFTs within the KuCoin ecosystem. Becoming the native currency of KCC, KuCoin's community chain, KCS is now used not only within the exchange but also in decentralized applications. This has made it a versatile token that plays an active role in staking, lending protocols, NFT marketplaces, and many other areas. Today, KCS is considered a major player in the "exchange token" category in the cryptocurrency world. It has established a strong position among giants like Binance Coin (BNB), OKB, and Huobi Token (HT). While its market capitalization is more modest than the initial exchange tokens, the sheer size and reputation of KuCoin, with millions of users trading, supports KCS's value.KuCoin, with a large user base, particularly in Asia and Europe, and its reliability, make KCS attractive to both individual and institutional investors. Thanks to its advantages within the exchange and its potential uses within the KCC, KCS stands out as a versatile utility token in the crypto world.The History of KuCoin Token: Key MilestonesSince its launch in 2017, KuCoin Token (KCS) has evolved alongside both the growth of the KuCoin exchange and the evolution of the overall crypto market. Here are some key milestones in KCS's journey:2017: The KuCoin exchange launched in September and simultaneously launched its native token, KCS. Launched on the Ethereum network using the ERC-20 standard with a total supply of 200 million, KCS had an initial price of approximately $0.70. The KuCoin team developed KCS with a revenue-sharing model that shared exchange revenue with users, transforming the exchange's growth into a community-based reward system.2018: One of the most significant steps that added value to KCS was the launch of the KCS Bonus Program. As of July 2018, KuCoin began buying back KCS from the market using 50% of its daily trading fees and distributing it as a bonus to token holders. Users holding at least 6 KCS began receiving a share of the exchange's revenue daily. During the same period, trading fee discounts were also introduced for KCS holders, with gradual discounts applied based on the amount of KCS held, reducing costs for active traders. Supported by the general market rally in the first months of 2018, KCS rose above $20; however, by the end of the year, the market decline had fallen to around $0.60.2019: During this year, known as the "crypto winter," the KCS price remained relatively stable. It reached its lowest level in history at $0.34 in February. During this period, KuCoin focused on retaining its existing users by maintaining its bonus program and discount incentives. Towards the end of the year, KCS recovered to $0.90. During this period, the KuCoin team continued to strengthen its infrastructure and prepared for KCS to find wider use in the future.2020: In line with the rise in decentralized finance (DeFi), KuCoin initiated work on its own chain. The KuCoin Community Chain (KCC) project was born during this period. The team focused on technical development to ensure KCS became not only an on-exchange token but also an asset usable in decentralized applications. Liquidity-enhancing partnerships were established throughout the year, KCS was listed on various exchanges, and promotional campaigns were organized. By the end of 2020, the KCS price stabilized around $0.70 and remained a stable exchange token.2021 Price Peak: 2021 was one of the most active years for KuCoin Token. In the summer, KuCoin's community-focused chain, KCC (KuCoin Community Chain), officially launched. Thus, KCS became KCC's native token and began to be used as gas fees for network transactions. With the launch of KCC, decentralized exchanges like MojitoSwap and various DeFi and NFT projects rapidly emerged, expanding KCS's utility. That same year, the KuCoin team made a significant update to KCS's token economy. Starting in early 2021, the token burn mechanism was accelerated; the quarterly burns were now monthly. KuCoin now allocated 10% of its revenue to purchase and burn KCS from the market each month. This rapidly reduced the circulating supply, supporting the long-term value of KCS. The total supply, which was 200 million, fell to around 171 million by the end of the year. In addition to all these developments, the massive market rally in 2021 gave KCS momentum. In December, the price rose to $28–$29, reaching an all-time high. At the end of the year, the KuCoin team announced that they were preparing a new KCS whitepaper, generating considerable anticipation in the community. This whitepaper was released in 2022.2022: The new year marked a significant institutional milestone for the KCS ecosystem. In January, KuCoin and community representatives established the KCS Management Foundation to guide the future of the token. In March 2022, KuCoin, in collaboration with the KCS Management Foundation and KCC, released the highly anticipated new KCS Whitepaper. This document focused on scaling KCS, promoting its more active use in DeFi projects, and bolstering its value over the long term. The most notable innovation was the redistribution plan for the founding team's 65 million KCS. Of this amount, 20 million were burned, permanently reducing the supply; 20 million of the remaining 45 million were allocated to incentive and reward programs, and 25 million to ecosystem funds. Furthermore, 7 million of the 25 million KCS locked by early investors were donated to the ecosystem development fund, with the remaining amount planned to be gradually released over five years. This structure brought greater transparency and decentralization to the KCS community. KuCoin CEO Johnny Lyu stated that KCS will bridge the gap between the centralized and decentralized worlds, and that they aim to build an ecosystem that reaches "tech enthusiasts to the broader public" with community support.In the first quarter of 2022, the total value locked (TVL) on the KCC network reached $50 million, demonstrating the growing adoption of KCS in the DeFi space. While market volatility impacted the price in the second half of the year, KuCoin's user base and global reputation continued to grow. KuCoin continued regular burns to reach its maximum supply target of 100 million units for KCS. At the same time, the KCS Management Foundation has begun preparations for the KCC GoDAO structure, which will transition management entirely to the community in the future. Diagram showing the distribution of the 90 million KCS token's locked supply. Of this locked supply, which belongs to the founding team and early investors, 20 million KCS are allocated for permanent burn (deflation), 20 million are reserved for long-term incentives, and the remaining 50 million will be gradually distributed to ecosystem funds and investors. 2023: The KCS ecosystem gained momentum in parallel with the growth of the KuCoin exchange by 2023. As KuCoin took steps to comply with global regulations and expand into new markets, KCS was at the center of this expansion. This year, the number of KuCoin users exceeded 30 million, with strong growth primarily in the Asia-Pacific region, as well as in Europe, the Middle East, and Africa. The number of projects on the KCS network rapidly increased, and KCS usage became widespread in areas such as decentralized exchanges, lending protocols, and NFT marketplaces. Numerous Web3 startups were invested in through KuCoin Ventures and the KCS ecosystem funds, reinforcing KCS's importance as an ecosystem token. By the end of 2023, KCS had become more than just an exchange token but a cornerstone of KuCoin's global brand.2024: This year, KuCoin deepened its platform integrations and expanded KCS's use cases. KuCoin's 2024 annual assessment highlighted the strengthening of KCS integration within the KuCard app, with users now able to directly spend their KCS balances on their cards. KuCoin also ranked among the top 10 crypto exchanges in the world in terms of net inflows in 2024. Towards the end of the year, the 53rd KCS burn was completed in November, with 31,433 KCS removed from circulation. Regular burns continued steadily as KuCoin strived to reach its target of a maximum supply of 100 million.2025: The KCS and KuCoin ecosystem continued its steady growth in 2025. In the first half of the year, KuCoin surpassed 41 million registered users, further expanding its global reach. The exchange applied for a MiCA license in the European Union and also launched its locally licensed platform, KuCoin Thailand. During this period, KCS became part of both its international expansion and its Web3-based innovation strategy. As part of the 63rd KCS burn, which took place in September 2025, 83,696 KCS were removed from circulation. KuCoin has strengthened the token's long-term role by positioning KCS at the center of its Web3 plans, which encompass DeFi, identity management (DID), and metaverse integrations. As of October 2025, the KCS price is changing hands at $15. Chart showing price movements since KCS launch. Why is KuCoin Token Important?There are many elements that make KCS special. The advantages it offers KCS holders, both on the KuCoin platform and within the wider crypto ecosystem, are quite remarkable. Here are the main benefits:Trading Fee DiscountUsers who hold KCS on KuCoin and choose to pay their trading fees with KCS receive up to a 20% discount on commissions. This discount is particularly significant for high-volume traders. Paying one-fifth less commission than standard fees significantly reduces costs for active traders. KuCoin also partially bases its VIP level system on KCS balance; users who hold more KCS benefit from both lower trading fees and withdrawal advantages. This structure is one of the key factors that encourages both individual investors and professional traders to accumulate KCS.Passive Income (KCS Bonus) Opportunity: One of the most popular features of KCS is the daily bonus program. KuCoin purchases KCS from the market with half of the transaction fees it collects daily and distributes these tokens directly to KCS holders. Users who hold at least 6 KCS earn a dividend by sharing the exchange's revenue. This means that if you hold KCS, a small KCS bonus is deposited into your account daily without you having to do anything. With this model, KuCoin has distributed hundreds of millions of dollars worth of KCS to its users to date. This system incentivizes long-term KCS holding and stabilizes the token's value. While the program is updated periodically based on market conditions, the KCS bonus system is one of the most innovative features that distinguishes KuCoin from others in the industry.Wide ecosystem use (KCC, DeFi, and NFT)KCS is used not only on the KuCoin exchange but also as the main token on the KuCoin Community Chain (KCC). Launched in 2021, KCC features a fast and low-cost blockchain infrastructure compatible with Ethereum. KCS is paid as gas fees on this network; It also plays an active role in DeFi protocols, providing collateral, liquidity, and governance voting. Various tokens can be bought and sold in exchange for KCS on decentralized exchanges on KCC, and digital collectibles can be purchased with KCS on NFT marketplaces. The network's reaching $50 million TVL by the end of 2021 demonstrates the adoption of KCS in the DeFi space. Furthermore, KCS can be used in the real world. For example, it is accepted as a payment method for travel bookings on Travala, and some gaming platforms and online shopping sites also have KCS integrations. Deflationary Token ModelKCS is designed with a deflationary structure, meaning its supply decreases over time. Since its founding, KuCoin has been purchasing and burning KCS from the market with 10% of its earnings. In 2021, this program was moved to a monthly period, and the burn rate was increased. The ultimate goal is to reduce the maximum supply from 200 million to 100 million. This supply reduction creates a mechanism that supports the token's value when demand remains stable. To date, KuCoin has removed millions of KCS from circulation; in 2022 alone, 20 million tokens were burned from team reserves. Thanks to regular burns, the KCS supply decreases each year, making it a more scarce and valuable asset for investors who hold it. This model is similar to Binance's BNB burns or OKX's OKB buybacks, but what makes KCS unique is its combination of this deflationary process with a bonus sharing model. This means KCS holders benefit from both revenue sharing and the potential for value growth due to the reduced supply. Opportunities for InvestorsKCS offers significant advantages not only for small investors but also for institutional traders and high-volume funds. Users who hold large amounts of KCS gain VIP status on KuCoin, gaining access to privileges such as low transaction fees, high withdrawal limits, and dedicated customer support. A transaction fee discount of up to 20% represents a significant cost advantage for active professional traders. For individual users, KCS stands out with its passive income-generating KCS Bonus model. This system, similar to bank interest, allows users to earn daily rewards based on their KCS holdings. KCS holders are also eligible to participate in new token sales through KuCoin's Launchpad and Spotlight programs. KuCoin's growing global user base—exceeding 40 million by 2025—indirectly supports demand for KCS. As the exchange's global success grows, so does the value of KCS.KuCoin Token Developers and CommunitySo, who is the founder of the KuCoin token? The KuCoin Token (KCS) was developed by the founders and core team members of the KuCoin cryptocurrency exchange. Michael Gan and Eric Don are two prominent figures who played leading roles in KuCoin's founding. Michael Gan is known as the platform's first CEO and technology visionary, while Eric Don served as operational leader as COO. These two and other experts on their team began working on designing the KuCoin exchange's infrastructure and KCS token model in 2013. By the time KuCoin launched in 2017, KCS was already in place, and the team made improvements to increase KCS usage in proportion to the exchange's growth. Executives who took over the reins later on, such as Johnny Lyu (who became KuCoin CEO in 2020), also had a say in KCS's strategic direction. The KuCoin development team has continuously improved KCS's smart contract integrations, multi-blockchain compatibility, and security audits. For example, in 2021, they migrated KCS to the KCC network, making it a dual-chain asset, and clarified KCS's role in the Web3 world with a whitepaper published in 2022. To ensure KCS's long-term success, the development team established a governance model that also prioritizes community participation through the KCS Management Foundation. This foundation serves as a governing body coordinating KCS's development decisions, investments, and implementation. In the coming years, this structure is planned to be transformed into a fully community-controlled DAO (GoDAO).KCS has a large and global community behind it. KuCoin exchange users naturally constitute its largest supporter base. As an Asian exchange, the KuCoin community was initially concentrated in the Asia-Pacific region, but it quickly gained popularity in Europe and other regions. According to current data, KuCoin operates one of the world's most global cryptocurrency communities, boasting users in over 200 countries and over 10 million active users. While a significant portion of its user base is located in Asia and Europe, there is also significant participation from North America and other regions. Because KuCoin adopts a community-focused image with its "People's Exchange" slogan, user feedback and local communities are prioritized in the promotion of the KCS token. For example, KuCoin has established official community groups in various languages (including Turkish) on channels like Telegram and Discord, and has shared KCS-related announcements and campaigns with users through these channels.One of the factors that strengthens the KCS community is the ecosystem funds and investment initiatives established by KuCoin. In addition to the KCS Management Foundation, established in 2022, KuCoin also operates a venture capital unit called KuCoin Ventures. KuCoin Ventures invests in projects that will develop the KCS ecosystem and the crypto world in general. For example, startups developing a new DeFi protocol on the KCC network can receive funding and mentorship from KuCoin Ventures. This encourages the implementation of applications that will increase the use of the KCS token. KuCoin has also expanded the KCS brand into various sectors through initiatives such as the $100 million NFT creator fund launched in 2022. KCS holders have the opportunity to express their opinions on the future of the KuCoin ecosystem by voting in periodic community polls and governance surveys.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about the KuCoin Token:What is KuCoin Token (KCS) and when was it released?: KuCoin Token (KCS) is the native exchange token launched by the KuCoin cryptocurrency exchange in 2017. KCS is an ERC-20 token designed to offer various benefits within the KuCoin ecosystem and was launched in September 2017 with the exchange's launch. Initially known as KuCoin Shares, KCS features a unique model that allows users to receive daily bonuses based on their exchange profits.Who are the founders of KCS?: KCS was developed by the founding team of the KuCoin exchange. KuCoin founders Michael Gan and Eric Don took leadership roles in the creation of KCS. Michael Gan served as KuCoin's first CEO, shaping the platform's technical infrastructure and vision, while Eric Don oversaw operations as COO. When launching KuCoin in 2017, the duo simultaneously launched the KCS token with the exchange. In the following years, figures like Johnny Lyu joined the KuCoin team and contributed to the development of KCS.What is the KuCoin Token used for?: KCS serves multiple functions within the KuCoin ecosystem. First, it provides a discount of up to 20% when used for trading fees on the exchange. Second, KCS holders earn daily passive income through the KCS Bonus Program—a portion of the exchange's trading fees is distributed to users in KCS every day. Third, the KCS token is used as a gas fee on KuCoin's blockchain network, KCC, and functions as a payment instrument or staking token in projects like DeFi and NFTs on this network. Furthermore, KCS grants the right to participate in token sales (IEO/Spotlight) for upcoming projects on KuCoin and can also be used as a payment method on some partner platforms (e.g., travel site Travala). In short, KCS is a token that provides versatile benefits both on the KuCoin exchange and within the external ecosystem.What is the total supply of KCS?: The total maximum supply of KCS was initially set at 200 million units. However, KuCoin implements a deflationary model for KCS. According to this model, KuCoin uses a portion of its monthly profits to buy back KCS from the market and burn them, reducing the circulating supply. The ultimate goal is to reduce the total supply to 100 million units. Tens of millions of KCS have been burned so far, and as the supply decreases over time, the scarcity of KCS will increase. Thanks to this burning mechanism, for example, by 2023, the amount of KCS in circulation has decreased to approximately 129 million.Is KuCoin Token suitable for investment?: Like any investment decision, investing in KCS depends on one's risk-return preferences and market conditions. The value of KCS is directly related to the success of the KuCoin exchange and the size of its ecosystem. If the KuCoin exchange continues to grow its user base and trading volume, demand for KCS may also increase. Indeed, as the exchange grows, the KCS price has historically experienced upward trends. However, cryptocurrency markets are highly volatile; KCS experienced losses in value due to general market declines in 2018 and 2022. Therefore, it is not possible to guarantee KCS's future performance. Before investing, you should conduct market research, assess KuCoin's position in the industry, and consider your own risk appetite. Because KCS is an exchange token, it will be a long-term investment directly proportional to your confidence in the KuCoin ecosystem. Remember, cryptocurrency investments carry risks, and it's best to make your own decisions based on your own due diligence (DYOR).How does KCS staking work?: KCS staking means earning passive income by locking (staking) your KuCoin tokens on a specific platform. The KuCoin exchange offers KCS staking under the name KuCoin Earn. When users deposit their KCS into the KuCoin Earn program, they earn daily or monthly returns at a rate determined by the platform. This return is usually paid in KCS or equivalent cryptocurrency. During the staking period, your tokens remain locked, and you receive an interest-like reward in return. KCS staking is separate from the KCS Bonus program; the bonus program distributes based on exchange revenue, while staking generally offers a set percentage return. For example, KuCoin occasionally offers KCS fixed staking products, allowing users to lock their KCS for periods of 7 or 14 days, earning additional returns at the end of these periods. Furthermore, on the decentralized side, some protocols on the KCS network may allow KCS staking. Staking allows you to earn additional income from KCS you intend to hold for the long term. However, it's important to pay attention to the reliability and terms of the relevant platform when staking.If you'd like to learn more about the future of KCS and similar exchange tokens, check out JR Kripto's guide series.
Plume Network Hit by SEC Doping: Plume Price Jumps
Plume Network has opened a new chapter in the on-chain management of tokenized securities by receiving "transfer agent" approval from the U.S. Securities and Exchange Commission (SEC). The modular Layer-2 network, focused on real-world assets (RWA), is now SEC-regulated and will be able to handle the issuance, transfer, and investor registration of digital securities directly on the blockchain.PLUME price surgesFollowing the announcement, the PLUME token surged 25 percent, with trading volume increasing by 186 percent. However, it's worth noting that the coin has subsequently retreated. At the time of writing, the coin is trading at $0.10, a 10 percent increase. The new license allows Plume to work directly with the DTCC network, the U.S. clearing and custody infrastructure. This allows on-chain initial public offerings (IPOs), small-scale capital raisings, and registered fund transactions to be completed within weeks. Plume CEO and co-founder Chris Yin stated that this development automates securities issuance while protecting investor rights. He said, “With a fully on-chain transfer agent protocol, we are simplifying digital securities issuance in compliance with regulators.”Yin emphasized that Plume is the bridge that brings together the “speed of DeFi and the security of TradFi,” which the crypto industry has long sought. Traditionally, transfer agents are financial institutions that maintain a company's shareholder records, manage stock certificates, and process dividend transactions. Plume offers the same function securely, transparently, and immutably on blockchain using distributed ledger technology.Plume's acquisition of this license is seen as a result of its active collaboration with the SEC. The company previously contributed to the debates surrounding the GENIUS Act, which was introduced in the US Congress. Furthermore, SEC Commissioner Hester Peirce's message last week that a “more open approach to tokenization projects” is being considered a sign of a regulatory transformation. Plume's transfer agent system is already operational, allowing fund managers to immediately begin trading on the regulated token infrastructure. The company plans to build upon this foundation with a new product line to be released in the first quarter of 2026. This system, called "Nest Protocol Vaults," will allow fund managers to create vaults based on regulated financial instruments, while investors can deposit stablecoins to earn returns on these assets.Following its transfer agent license, Plume is also preparing to apply for Alternative Trading System (ATS) and broker-dealer licenses. The goal is to build a fully compliant on-chain capital market for 40 Act funds. These funds, known as registered investment vehicles, form the backbone of the US investment ecosystem, representing over $39 trillion in assets.Plume's license is a critical step in pioneering the on-chain tokenization of these funds and other institutional assets. The company aims to bring an institutional-grade regulated infrastructure to the digital asset market while maintaining the security standards of traditional finance. With Nest products launching in 2026, Plume Network is expected to make a name for itself in both the RWA tokenization and the enterprise DeFi ecosystem.
APT Comment and Price Analysis - October 6, 2025
APT Technical Analysis The APT Range Channel When we analyze the APT chart, we can see that the coin has continued to trade within a descending channel for some time. Recently, the price tested the upper boundary of the channel again but encountered strong resistance.APT is currently trading around $5.47, and the potential for an upside breakout is increasing. The zone between $5.71 and $5.80 marks the upper boundary of the channel, and a daily close above this range would confirm a breakout. Based on the height of the channel, the medium-term technical target in the case of a breakout could be around $9.00.On the downside, the area between $4.80 and $3.88 stands as the main support zone. The price must stay above this area for the bullish scenario to remain valid. However, daily closes below $4.80 may weaken the current setup and increase the risk of a deeper correction.Key levels to follow:Resistance levels: $5.71 → $5.80 → $9.00Support levels: $4.80 → $3.88These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
WLD Comment and Price Analysis - October 6, 2025
WLD Technical OutlookAnalyzing the WLD chart, we see that the price of the coin has recently broken out upward from a long-standing falling wedge pattern, triggering a sharp rally up to $2.13. Following this strong move, WLD entered a correction phase, stabilizing within the $1.12–$1.22 range. This consolidation, which aligns well with Fibonacci retracement levels, indicates a healthy pause within the trend.WLD is currently trading around $1.25. The bullish pattern remains intact as long as the price holds above the $1.12–$1.22 support zone. The key resistance levels to watch above are $1.55 and $1.96. A strong breakout above these areas could pave the way for a move toward $2.13 again and, in the medium term, potentially $2.75.The main support area lies between $1.12 and $1.22. If the price closes below this zone, WLD might drop to $0.91. The Accumulation Process To summarize, the breakout from the falling wedge is still valid, and the trend bias remains positive as long as the $1.12–$1.22 area holds. Sustained strength above this zone keeps the door open for a move back toward $2 and beyond.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
