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WLD Technical AnalysisPositive developments continue to unfold around Worldcoin (WLD). A Nasdaq-listed company recently announced that it will include WLD tokens in its treasury holdings. This can be considered a move suggesting that the project is now being recognized not only as a digital identity solution but also as a potential store of value among institutional and retail investors. This development reinforces the network’s real-world utility and hints at potential trend shifts on the price charts. The Falling Wedge Analyzing the chart on the daily timeframe, we see that the coin is trading within a descending wedge pattern. This formation typically indicates the final stage of a downtrend and carries bullish reversal potential. The price is currently consolidating near the midline of the wedge, showing early signs of stabilization.The $0.68–$0.76 range serves as a key horizontal support zone in the short term. Sustained closes above this level could strengthen the recovery momentum. The $0.98–$1.07 area aligns with the wedge’s upper midline and represents the first major resistance zone. A decisive breakout here could validate the wedge structure and trigger a trend reversal confirmation.On the other hand, daily closes below $0.68 would imply a breakdown beneath the wedge, exposing the price to further declines toward $0.59–$0.54, which aligns with the previous cycle’s low.Support and Resistance LevelsSupport levels: $0.68 – $0.59 – $0.54Resistance levels: $0.98 – $1.07 – $1.41 – $2.21These 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, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

Binance has announced a new project as part of its HODLer Airdrops program. The world's largest cryptocurrency exchange introduced its AI-driven network, Allora (ALLO), to its users as part of its 58th HODLer Airdrop event. Described as a "self-improving decentralized AI network," Allora will offer retroactive rewards to BNB holders.Users who deposit their BNB balances into Simple Earn (flexible or locked) or On-Chain Yields products between October 23–25, 2025, will receive a share of the 15 million ALLO token airdrop distribution. Binance announced that it will announce the airdrop information within 24 hours, and the tokens will be transferred to users' spot wallets at least one hour before trading begins.Allora will be listed on Binance with USDT, USDC, BNB, and TRY trading pairs. The trading opening, initially scheduled for 13:00 UTC (16:00 CET), was postponed to 14:00 UTC (17:00 CET) due to technical reasons. The exchange also announced that ALLO will be marked with a "seed tag," and users will be able to begin depositing tokens starting on the morning of November 11th. Airdrop and Token EconomyAllora's total supply is set at 1 billion units, while the initial circulating amount will be 200.5 million ALLO. This represents 20% of the total supply. The 15 million ALLO to be distributed through HODLer Airdrops constitutes 1.5% of the total supply. Binance also announced that it will allocate an additional 20 million ALLO for marketing campaigns to be carried out six months later.The token's smart contracts are available on both the BNB Smart Chain, Ethereum, and Base networks. Binance also announced that there are no listing fees and that a detailed research report will be released within 48 hours. What are HODLer Airdrops?The Binance HODLer Airdrops program is a system aimed at rewarding BNB holders. It allows users to earn tokens at rates determined by snapshots of their past BNB balances, without requiring any additional action. Users who deposit BNB into Simple Earn or On-Chain Yields products can benefit from both HODLer Airdrops and other campaigns like Launchpool.The program's unique feature is that earnings are distributed retroactively. This means users can acquire tokens from new projects during specific periods simply by holding BNB. Binance emphasizes that this method offers a more equitable distribution model to the community and encourages long-term investors.About Allora (ALLO)Allora is a network designed to create decentralized artificial intelligence solutions. The platform aims to create a smarter, self-improving ecosystem by combining machine learning models on-chain. In this respect, it stands out as one of the next-generation projects combining artificial intelligence and blockchain technology. With the listing of ALLO, users will be able to directly trade the new token and take advantage of additional future campaigns.

Institutional investors are turning to crypto markets again. According to a new report from Sygnum Bank, institutional interest in crypto assets increased rapidly in the last quarter of the year, this time driven not by short-term gains but by portfolio diversification. However, experts warn that this momentum may slow as 2026 approaches.Sygnum Report: Institutions Focus on CryptosIt has been revealed that institutional investors turned to crypto assets in the last quarter of the year, but expectations of a "boom" signal a slowdown towards 2026. The "Future Finance 2025" report from Sygnum Bank, the Swiss-Singapore-based digital asset bank, revealed this trend.According to the report's key findings, 61% of institutional investors plan to increase their digital asset investments, with this figure reaching 38% for the fourth quarter of the year. There is also a significant shift in the motivation for investing in crypto assets: "Speculation" is no longer the primary motivation, replacing it with portfolio diversification. The Sygnum research team interprets this shift as "institutional players are moving from thinking of crypto solely as a defensive position to seeing it as a way to participate in the structural transformation of global finance." In short, crypto assets are now beginning to be accepted as an alternative investment class, not just a short-term source of profit.Strategy ChangeA significant shift is also being observed in the approach of institutional investors. Actively managed strategies (42%) now surpass index-based strategies (39%). This suggests that investors are shifting from a "buy a token and wait" model to flexible strategies that can respond quickly to policy changes and market fluctuations.Furthermore, interest in investment instruments beyond Bitcoin and Ethereum has increased significantly. More than 80% of investors expressed interest in broader crypto ETFs, and nearly 70% said they would increase their allocation if offered staking advantages. Furthermore, the tokenization of real-world assets is also on the rise: interest in this direction has increased from 6% to 26% compared to a year ago. Cautious Outlook for 2026However, not all the data is entirely positive. The report describes 2025 as a "year of moderate risk and strong demand catalysts," noting that factors such as regulatory uncertainty and declining liquidity could weigh on momentum. Indeed, while the vast majority of investors remain confident in the long term, it predicts that crypto market momentum could begin to decline starting in mid-2026.Among the data included in the report: 91% of high-net-worth individuals believe crypto will play a key role in long-term wealth preservation. 81% view Bitcoin as a treasury reserve asset, and nearly 70% believe that holding cash for the next five years carries a higher opportunity cost than holding Bitcoin.

The new partnership announced between Standard Chartered and DCS Card Centre marks a significant step in the cryptocurrency ecosystem. The two institutions announced a partnership on DeCard, a credit card product that allows users to make daily purchases with stablecoins (stable-value crypto assets). This partnership will initially launch in Singapore, with plans to expand to other major markets.Standard Chartered to Provide Banking Infrastructure for DCSDCS Card Centre's next-generation payment solution, DeCard, offers users a platform that can be used like a traditional credit card, but allows users to process stablecoin transactions in the background. Cardholders will be able to track their balance management and refunds through DCS's "D-Vault" account system.Standard Chartered will play a key role in this partnership with its banking infrastructure, transaction banking, and financial market services. The institution will support all processes, from cardholder top-ups and account management to fiat and stablecoin payment reconciliation. It will also enable DCS to instantly define and reconcile payments on a channel-by-channel basis through virtual account and API integrations.In a statement released by DCS, DCS's commercial director, Joan Han, said, "Thanks to Standard Chartered's banking expertise and robust infrastructure, we have the opportunity to bring stablecoin payments to the mainstream in a secure, transparent, and efficient manner." Dhiraj Bajaj, Standard Chartered's global head of TB FI sales, stated that this partnership is part of the institution's strategy to bridge traditional finance and Web3.Singapore is known to offer a relatively open environment for regulating crypto assets. For example, the Monetary Authority of Singapore (MAS) classified stablecoins as "digital payment tokens" and implemented a separate framework for single-currency stablecoins in August 2023. This regulatory environment provides a suitable environment for the launch of innovative payment products like DeCard in Singapore.However, the risks associated with such innovations should also be considered. Issues such as whether stablecoins truly maintain their stable value, the security of payment networks, transaction costs for users, and refund mechanisms still require careful monitoring. Furthermore, although the initial launch is in Singapore, it is anticipated that expansion plans to other markets may not be straightforward due to regulatory constraints, local market structure, and competitive conditions.In conclusion, Standard Chartered, through its DCS partnership DeCard, offers a remarkable project for transforming stablecoins into everyday spending. As the potential for crypto assets to transform the financial system grows daily, such collaborations further accelerate the integration of traditional financial institutions and crypto businesses.

Coinbase, a major US-based cryptocurrency exchange, has announced a series of notable decisions in the crypto world. These announcements include both plans to delist existing assets and a roadmap for listing new ones.Coinbase Delists 5 AltcoinsAccording to a statement released on November 11th, Coinbase has decided to remove five altcoins from its platform on November 26, 2025. The assets to be delisted include: Clover Finance (CLV), EOS (EOS), League of Kingdoms Arena (LOKA), Muse DAO (MUSE), and Wrapped Centrifuge (WCFG). The decision was announced as follows: "We conduct regular reviews of assets listed on our exchange to ensure they meet our standards; following our final assessments, we have decided to suspend trading for these assets on November 26, 2025." Such delisting decisions are critical for investors, as delisting an asset can halt trading on the platform, reduce liquidity, and exert price pressure. For example, MUSE is reported to have lost nearly 25% of its value in a single minute. Such a drop could shake investor confidence, and those holding these assets in their portfolios should exercise caution. Other altcoins were affected as follows:CLV fell 5%EOS fell 3.5%LOKA lost 11% of its valueMUSE fell 25%CFG fell 7%Delisting could be due to various factors: assets rebranding, removal of their previous versions, or technical and regulatory issues that do not meet exchange standards. According to Coinbase's statement, such assets may have been rebranded and may be removed from the platform.2 altcoins added to listing roadmapFollowing the delisting process, another important step is on the listing front. Coinbase announced the addition of Fluid (FLUID) and Nomina (NOM) to its listing roadmap. This announcement has raised the expectation that these assets could potentially be traded on the platform. Increases of around 8% were reported for FLUID and close to 15% for NOM. Such listing signals generally create positive market sentiment, as listing on an exchange with a large user base can increase liquidity and visibility.However, there's still a point to be noted: Being added to the roadmap doesn't guarantee a listing. Coinbase's statement stated that these assets will be listed "if they meet criteria such as technical infrastructure and market maker support for listing." Therefore, no exact date has been given; further announcements may be made as the process progresses.

Aethir (ATH) is a decentralized GPU cloud platform focused on high-computing applications like artificial intelligence and gaming. Unlike traditional cloud giants, it brings together idle graphics processing units (GPUs) from around the world into a single global network, providing a more cost-effective and low-latency infrastructure. It offers a flexible, accessible, and scalable solution for applications such as AI model training, machine learning inference, and cloud gaming. Aethir adopts the DePIN (Decentralized Physical Infrastructure Network) approach, meaning it operates its infrastructure not through a few hubs but through contributions from a broad community. At the heart of this entire ecosystem is the ATH token. Let's take a closer look at what Aethir is.Aethir's Definition and OriginsAethir offers a decentralized cloud computing infrastructure that fundamentally changes how enterprise-level GPUs are owned, shared, and used. Its primary goal is to reduce reliance on traditional data centers and establish a distributed computing network. Rising demand, particularly in AI and cloud gaming, has led to a GPU crisis in recent years. As major tech companies amass advanced graphics cards, cloud providers' costs are also rising significantly. This creates a significant access problem, particularly for entrepreneurs and researchers.Aethir is launching a solution that reverses this problem. It pools idle GPUs globally, making them accessible and shareable. This creates a competitive infrastructure and distributes computing power more equitably. This approach relies on two key layers: First, Resource Pooling. GPU owners connect their unused processing power to the network, generating revenue and facilitating access for others. Second, Distributed Ownership. Aethir aims to create an open and inclusive ecosystem managed collaboratively by participants, rather than a structure controlled by a few large institutions. Aethir's working principle. Source: Aethir/Whitepaper The project's motivation is quite clear: As we approach artificial general intelligence (AGI), centralized systems can no longer keep up with the increasing demand for GPUs. Demand is growing daily, but access remains limited to large players. Aethir's vision is to disrupt this balance. To accelerate innovation in the AGI era, it aims to provide everyone with access to computing power. Therefore, it builds its infrastructure on GPU servers located at the edge. This ensures resources are provided as close to the user as possible, virtually eliminating latency in applications like AI tasks or game streaming.Today, the Aethir network combines over 430,000 GPUs from around the world to deliver real-time, high-performance computing power.Aethir's History: Key MilestonesAethir emerged as an idea in 2022. The founding team quickly built the technical infrastructure while also establishing a strong presence in the Web3 world. The project quickly evolved into a global infrastructure initiative with launches, partnerships, and investments. Let's explore the key milestones in Aethir's journey.Foundation and Initial DevelopmentAethir's foundations were laid in 2022. The three founders, Daniel Wang, Mark Rydon, and Mack Lorden, combined their expertise in blockchain, AI, and gaming to bring the Aethir idea to life. Initially, a prototype combining GPUs from different regions into the same network was developed, and its functionality was tested. This early phase crystallized Aethir's vision: to make unused processing power accessible worldwide in a decentralized manner.Testnet and Collaborations (2023)2023 was a critical period for Aethir's technical growth and community support. They rapidly expanded their infrastructure with the expansion program they dubbed "New Horizons." More GPU providers joined the network, bringing increased capacity in both AI and cloud gaming.That same year, Aethir made its name known to a wider audience by participating in the TOKEN2049 event. This launch increased interest in the project from both investors and developers. Also in 2023, a strategic partnership was established with the Filecoin Foundation, a leader in decentralized storage. This enabled the Aethir network to provide not only computation but also secure and efficient data storage services.The collaboration with Reality+ demonstrated Aethir's cloud gaming potential in the real world. By bringing instant playability to projects like Doctor Who: Worlds Apart, the system's performance was tested through user experience.Token Launch and Mainnet (2024)After a lengthy preparation process, Aethir launched its ATH token on June 12, 2024. The token was issued using the ERC-20 standard on the Ethereum mainnet and was also distributed on second-layer networks like Arbitrum. With this multi-network strategy, ATH became tradable on both centralized exchanges and integrated into Aethir's own infrastructure rewards system. Since its launch, the ATH price has followed a similar pattern: During the same period, partnerships with financial institutions such as Auros were announced. Thanks to these partnerships, the ATH token became more accessible for enterprise use. Furthermore, new programs such as Aethir Forge and the AI Unbundled Alliance were announced, bringing developers and content creators into the ecosystem.Growth and Partnerships (2025)2025 was the year Aethir matured and strengthened through large-scale partnerships. In March, a significant partnership was announced with the Avalanche Foundation. Aethir allocated a $100 million fund to support AI projects developed on the Avalanche network. This fund made it possible to provide GPU power to developers via the Aethir network.During this period, Aethir's infrastructure reached over 400,000 GPU containers, and annual recurring revenue exceeded $91 million. The network included over 3,000 NVIDIA H100/H200 graphics cards and over 61,000 Aethir Edge devices. This scale solidified Aethir's leadership in the industry.One of the notable developments of the year was the strategic investment of $344 million in Aethir by US-based artificial intelligence company Predictive Oncology. This investment evolved into a new model they call the "Strategic Computing Reserve." With this model, Predictive Oncology began supporting its AI infrastructure with Aethir's decentralized GPU network. The "Digital Asset Treasury (DAT)," announced in October 2025, allowed investors and institutions to directly share in the GPU resources in Aethir's infrastructure.Why Is Aethir Important?Aethir's importance stems from its vision of democratizing computing power, which has become the backbone of today's technology. With its decentralized structure, Aethir offers both an economic and strategic advantage by making the massive GPU infrastructure, which might otherwise be monopolized by a few large companies, available to the masses. In this section, we will examine the factors that determine Aethir's importance under the headings of use cases and token economy. Artificial Intelligence and Machine LearningArtificial intelligence is one of Aethir's strongest areas. Many applications, from large language models and image processing systems to autonomous vehicles and medical research, require intensive GPU power. Aethir's distributed GPU cloud addresses this need with a scalable and accessible infrastructure. The computational capacity required for training and inference processes for AI models is delivered much faster and more cost-effectively than traditional solutions. For example, an AI startup can access the GPU resources it needs through Aethir within 24-48 hours, without waiting weeks or allocating huge budgets.The system is also ideal for real-time AI applications. Aethir's low-latency edge computing model offers a significant advantage, especially in applications requiring instantaneous responses, such as chatbots, voice assistants, or image analysis systems. Because processing power flows closer to the user, responses are faster, resulting in a seamless experience. Aethir technology. Source: Aethir/Whitepaper Cloud gamingAnother area where Aethir excels is cloud gaming. Thanks to the infrastructure they call Atmosphere, games with high-quality graphics can now be played without needing a powerful computer. With just an internet connection, users—whether they're using a phone or an old laptop—can instantly access games via the Aethir network.This capability of Aethir has been directly tested and found successful, particularly in popular projects like Doctor Who: Worlds Apart. Thanks to its decentralized structure, even if a server in one region becomes unavailable, a backup resource from another location automatically steps in. This ensures an uninterrupted gaming experience.Other ApplicationsBeyond AI and gaming, Aethir's application areas are also quite broad. It provides GPU power to numerous sectors, including scientific research, financial modeling, 3D animation rendering, NFT and metaverse projects.A university team is able to run large simulations on Aethir at a much lower cost than traditional supercomputers. By connecting its own graphics cards to the network, an animation studio can meet its own needs and generate revenue by renting out the idle power.One of the most exciting future scenarios is the concept of "cloud telephony." Aethir's infrastructure is ready for such projects. Instead of embedding expensive hardware into devices, smartphone manufacturers can use Aethir's GPU cloud to perform heavy-duty processing remotely and only transmit the results to the device.Democratic Access and the Importance of DePINOne of the key differences that distinguishes Aethir from other cloud solutions is its open access. While in traditional systems, only the paying user receives the service, in Aethir, both the service users and the infrastructure providers become inherent parts of the system.In other words, someone with a powerful graphics card sitting idle can connect it to the network and generate revenue. Simultaneously, an AI company can procure the GPU power it needs at an affordable price. This two-sided model, combined with the Web3 incentive mechanism, creates a much more sustainable structure.Token EconomyAt the heart of Aethir is the ATH token. This token functions both as a payment instrument for on-platform transactions and as a unit of value that grants voting rights in governance.The total supply is limited to 42 billion ATH. This supply is carefully divided into various categories and distributed under headings such as the community, team, investors, network rewards, and ecosystem fund. A significant portion is allocated as a reward for those contributing computing power. In other words, everyone who contributes GPUs or runs nodes on the network earns ATH proportional to their contribution.Tokens allocated to early supporters and the team are not released immediately; they circulate over time according to the vesting schedule. This prevents sudden selling pressure in the market.ATH UsagesThe ATH token serves several functions. First, it serves as a payment instrument for all services within the platform. Users who utilize services such as artificial intelligence training, game streaming, or scientific calculations pay for their GPU time with ATH.Second, it plays a role in the system's reward and incentive mechanism. GPU providers, node operators, and checker nodes that monitor quality of service earn ATH in exchange for their contributions. Checker nodes are also required to stake a certain amount of ATH to maintain the security and service standards of the network. Currently, over 91,000 checker nodes are actively operating, and all benefit from this incentive model.Staking and Assurance MechanismThe ATH token is also used for security. GPU providers stake a certain amount of ATH as collateral when joining the network. If service quality deteriorates or contracts are breached, this collateral can be deducted (slashed). This mechanism protects users and incentivizes providers to provide honest and high-quality service. Aether staking portal Stakeholders also earn an average annual return (APY) of 8–15%. This rate can increase based on performance, ensuring both security and sustainable returns.Deflationary Model and Revenue ReturnAnother notable element of Aethir's economic model is its revenue return. 70% of GPU rental revenue generated on the platform is used to buy back ATH tokens from the market. This creates a constant demand for ATH, and the circulating supply decreases over time.This model operates differently from how traditional cloud providers distribute their profits to shareholders. Aethir recycles its revenue back into the ecosystem. For example, when a company rents a large GPU, a large portion of the fee is used to buy back ATH from the market, and these tokens are either burned or locked for an extended period. Consequently, ATH has the potential to increase in value based on usage.Governance and Decision-MakingATH token holders are poised to have a say in Aethir's future. The evolving ecosystem aims to foster a community-based governance model. In the near future, ATH holders will be able to propose various resolutions and participate in voting.These resolutions may include expansion into new regions, partnership proposals, or technical updates. While governance is not yet fully implemented, the vision is for Aethir to eventually become fully decentralized.Who are Aethir's Founders?Behind Aethir is a strong team with experience in various areas of the technology world. Co-founders Daniel Wang, Mark Rydon, and Mack Lorden are three individuals who shaped the project's vision and technical foundation.Daniel Wang: An entrepreneur and engineer with experience in blockchain technologies. Prior to Aethir, he participated in various blockchain projects, gaining deep knowledge in decentralized systems and cryptoeconomics. At Aethir, he particularly leads the design of Web3 integration and the token economy. He stands out as one of the key figures behind the ATH token's versatile structure.Mark Rydon: He has a long-standing background in artificial intelligence and cloud computing. Throughout his career, he has worked on both enterprise-scale AI infrastructures and massive cloud systems. At Aethir, he is responsible for technical architecture and scalability. Under his leadership, the infrastructure that efficiently manages hundreds of thousands of GPUs distributed globally on a single network was established. Rydon's goal is for Aethir to continue providing reliable enterprise-level service and maintain the capacity to support the latest GPU technologies (e.g., the NVIDIA H100 series).Mack Lorden: With his expertise in the gaming industry and distributed systems, he developed Aethir's gaming-focused infrastructure. He oversees product development and integrations with the gaming industry. Lorden's primary responsibilities include ensuring the Atmosphere infrastructure delivers a seamless cloud gaming experience, establishing partnerships with game studios, and developing appropriate tools for developers. His intimate understanding of the needs of the gaming world has enabled Aethir to rapidly gain adoption in the industry.Aethir operates under the Aethir Foundation. In addition to the founders, this organization includes executives from operations, finance, strategy, and business development. However, the most significant difference that distinguishes Aethir from traditional companies is that its decentralization principle is also maintained in its governance.Community feedback is taken into account when making key project decisions, and processes are transparently communicated. The Aethir Foundation operates an ecosystem fund, grant programs, and partnership initiatives to support growth-oriented projects. Developers can contribute directly through GitHub or community forums thanks to open documentation. The ability for anyone to connect their own server to the network makes Aethir's development a collective effort.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about the ATH token:What is the ATH token and how does it work?: ATH is the native cryptocurrency of the Aethir network. It serves both utility and governance purposes. All payments on Aethir are made in ATH; users pay for GPU services they receive with this token. It is also used to distribute rewards to network providers and ensure security. GPU operators and checker nodes participate in the network by staking ATH and earn profits based on their contributions. In the future, ATH holders will also have voting rights in network governance.Is Aethir decentralized?: Yes. Aethir's cloud infrastructure is not connected to a single center; it consists of thousands of independent nodes worldwide. These nodes are operated by individuals, institutions, or data centers and are connected peer-to-peer. This ensures a secure and distributed structure without a single point of failure. Because transactions are recorded on the blockchain, the system operates both transparently and securely.Which networks does it work on?: The ATH token operates on the Ethereum mainnet using the ERC-20 standard and is traded on many centralized exchanges. Aethir has also been integrated into the Arbitrum network for lower transaction fees. Payments to GPU providers are made via smart contracts on this network. It can also be bridged to the Solana network. Essentially, Aethir's distributed GPU network operates off-chain; the blockchain is used only for payments and records.How can individual investors join Aethir?: The easiest way to participate is to purchase ATH tokens from exchanges. By holding the token, you can indirectly benefit from the growth of the ecosystem. Users with GPU hardware can join the Aethir network as providers and earn income. Those with technical knowledge can run checker nodes to verify service quality and earn rewards. It is also possible to include ATH tokens in the official staking program, both supporting the network and generating passive income. What differentiates Aethir from its competitors?: Aethir is one of the first decentralized cloud infrastructures entirely GPU-driven and optimized for real-time applications. While other projects typically offer simple computational services, Aethir supports demanding tasks like AI inference and low-latency game streaming with high-performance NVIDIA GPUs. Its edge computing model reduces latency by allocating resources closest to the user. By 2025, it had become one of the largest networks in the industry, with over 430,000 GPU containers in 94 countries. Its economic model is also distinct: a significant portion of its revenues are used to buyback ATH, which reduces the token supply and supports its value. Furthermore, thanks to integrations with projects like Filecoin, Avalanche, and EigenLayer, Aethir offers a flexible and robust infrastructure ecosystem.As your trusted guide in the crypto world, we've covered the Aethir (ATH) project in detail. See you in the new Jr Kripto Guides!

The Bank of England has announced its long-awaited draft regulation for sterling-denominated stablecoins. The new framework introduces holding limits of £20,000 for individuals and £10 million for businesses. The aim is to prevent sudden shifts of funds from banks to stablecoins amid the proliferation of digital currencies. The regulation also requires stablecoin reserves to be backed by government bonds and central bank accounts.Critical stablecoin development in the UKThe Bank of England (BoE) has released a draft new regulatory framework for sterling-denominated "systemic" stablecoins. This framework includes both collateral rules and temporary asset holding limits.According to the BoE, the new regulation will only cover stablecoins classified as "systemic" by HM Treasury and widely used in payment systems. Supervision for financial stability risks for these assets will be carried out by the Central Bank, while consumer protection and market conduct will be handled by the Financial Conduct Authority (FCA). "Non-systemic" stablecoins, such as USDT and USDC, which are primarily used in cryptocurrency trading, will not be included in this regime. These tokens will remain under the FCA's existing oversight.At the heart of the new framework are clear rules for managing stablecoin reserves. The BoE requires systemic stablecoin issuers to hold 60% of their reserves in short-term UK government bonds and the remaining 40% in interest-free accounts at the Bank of England. This regulation aims to both ensure rapid repayments and maintain public confidence.A more flexible structure is initially envisioned for issuers newly launched or transitioning from the FCA regime; these issuers will be able to hold up to 95% of their reserves in government bonds. The BoE is also considering central bank liquidity support for periods of market stress.Individual and institutional holding limits are also being introduced to prevent rapid outflows of funds from the financial system into digital currencies. Under the proposed plan, individuals will be able to hold a maximum of £20,000 (approximately $26,000) in systemic stablecoins, while businesses will be able to hold up to £10 million (approximately $13 million). While exceptions will be granted for the largest institutions, these limits will remain in place until the risks of the transition period are resolved.“Today’s proposals are a significant milestone in the UK’s path to implementing the stablecoin regime next year. Our aim is to protect confidence in money while supporting innovation,” said Sarah Breeden, the bank’s Deputy Head of Financial Stability. Breeden added that market feedback has been taken into account and that adjustments have been made accordingly to how stablecoin issuers interact with the central bank.However, the proposed limits have been met with criticism from the crypto community. Industry representatives argue that these restrictions are “overly cautious.” Tom Duff Gordon, Vice President of International Policy at Coinbase, told the Financial Times, “Capturing stablecoins is a negative step for both British savers and the City of London.” Breeden, responding to criticism, reminded the public that the UK's credit system differs from the US: "The majority of mortgages in the UK are provided by commercial banks. Therefore, temporary limits are necessary to prevent rapid deposit outflows."The BoE announced that the consultation period will last until February 10, 2026, after which it will publish detailed implementation guidance in conjunction with the FCA.

The wave of outflows in digital asset investment products continued into its second week. According to CoinShares' November 10, 2025 report, net outflows totaled $1.17 billion last week. This figure is attributed to the ongoing uncertainty in the market following the liquidity crash in mid-October and the US Federal Reserve's (Fed) hesitation regarding interest rate cuts.Trading volumes hovered around $43 billion throughout the week; while brief hopes of a US government reopening boosted fund inflows on Thursday, this optimism quickly dissipated on Friday.US-based funds led the negative trend. US markets alone saw outflows of $1.22 billion, while Germany and Switzerland saw positive inflows in Europe with $41.3 million and $49.7 million, respectively.Bitcoin and Ethereum ExplodeBitcoin and Ethereum accounted for the largest portion of fund outflows. Bitcoin products saw net outflows of $932 million and $438 million, respectively. Specifically, the iShares (BlackRock) Bitcoin ETF saw $876 million in outflows, and the Fidelity Wise Origin Bitcoin Fund saw $438 million. Grayscale also saw a $142 million decline.The sell-off in Bitcoin also fueled the shift towards short-term products. Short Bitcoin ETPs saw $11.8 million in inflows, the highest weekly increase since May 2025.Altcoins Resist: Solana Leads the WayDespite the selling pressure in major cryptocurrencies, altcoins remained resilient. Solana once again led the way with $118.4 million in weekly inflows. Over the past nine weeks, Solana funds have seen a total capital inflow of over $2.1 billion. XRP also saw a strong weekly inflow of $28.2 million. Other assets saw small but notable movements: Litecoin saw $1.9 million in inflows, and multi-asset products saw $12.3 million in inflows. In comparison, Sui saw $3.8 million in outflows, and Cardano saw $0.1 million.Table by Fund ProviderAccording to CoinShares data, iShares closed the week with the largest outflow, with $876 million. Fidelity saw a $438 million decline, while Grayscale saw a $142 million decline. In contrast, ProShares ETFs saw $158 million in inflows, 21Shares $22 million, and Bitwise $3 million.While the overall net inflow into crypto investment products has maintained $47.8 billion since the beginning of the year, outflows in the last two weeks indicate a significant cooling in investor sentiment.Regional Differences DeepenWhile the US remains at the center of outflow pressure, European markets remain relatively balanced. Germany and Switzerland maintained their positive trend, while Canada and Hong Kong experienced outflows of $7.6 million and $24.5 million, respectively. The report emphasizes that the reshaping of capital flows in the market is closely linked to Fed policies and global risk appetite.

The US is on the cusp of a new era in crypto markets. Caroline Pham, the interim chair of the Commodity Futures Trading Commission (CFTC), announced that legislation is underway to authorize leveraged spot crypto trading. If implemented, investors will be able to trade spot crypto with leverage on regulated platforms within the US for the first time. This move could bring liquidity, which has long been diverted to offshore exchanges, back to the US and pave the way for the country to gain a more active position in the crypto markets.Critical crypto move in the USCaroline Pham, the interim chair of the US Commodity Futures Trading Commission (CFTC), confirmed that they are preparing to authorize leveraged spot crypto trading nationwide. Pham stated that they are in discussions with regulated US-based exchanges and that the first leveraged spot products could launch next month. In a post on X, Pham officially confirmed the process, saying, "We are working towards allowing leveraged spot crypto trading in the US." She also noted that despite the partial government shutdown, discussions with industry representatives are ongoing. The CFTC is reportedly considering issuing guidance for these products.This development follows the CFTC's "spot cryptoasset contracts" initiative launched in August. This initiative aimed to gather public input on rules for retail commodity transactions conducted with collateral or financing. According to Federal Register data, "leveraged or secured retail commodity transactions" fall under the CFTC's jurisdiction as long as delivery is not made within 28 days. This means that leveraged spot trading is legal in the US only for certain periods and under certain conditions.According to CoinDesk, Pham is currently in direct talks with large CFTC-registered financial institutions and crypto-focused platforms. These institutions include major players like CME, Cboe Futures Exchange, and ICE Futures, as well as Coinbase Derivatives, Kalshi, and Polymarket US. The focus of the discussions is on the creation of new spot crypto trading infrastructures that include leverage, margin, and financing. This will allow investors to access instruments previously only available on overseas exchanges through regulated US markets.Pham emphasized that this process aligns with the recommendations of the Presidential Working Group on Digital Assets. According to these recommendations, institutions should use their existing legal authority to regulate digital asset markets while Congress drafts new legislation. "We are swiftly utilizing our existing authority while continuing to work with Congress on regulatory clarity," Pham said.If the plan goes through, the US will become the first major economy to allow leveraged spot crypto trading within its borders. This step could increase both transparency and investor protection, but it could also lead to a significant repatriation of liquidity from overseas markets to the US. Leveraged spot trading in a regulated environment could accelerate the integration of digital assets into the US financial system by increasing the participation of institutional investors.

ZRO/USDT Technical AnalysisLayerZero is strengthening its position in the multi-chain ecosystem. The protocol recently proposed to merge Stargate (STG) — a well-known bridge — through a $110 million ZRO token swap. While a large token unlock is creating short-term supply pressure, this merger could bring new value and utility for ZRO. The market is now reflecting both the growth potential and selling pressure on the charts. ZRO Range Area Analyzing the chart on a daily time frame, we see that ZRO has been trading inside a wide range between $1.65 and $3.35 for quite some time. Liquidity seems to be building up within this range, and the current price is close to the lower band. The $1.65 level is a strong support zone where buyers have stepped in multiple times before. As long as ZRO holds above this level, a bounce toward the mid-range is possible. The first resistance area sits between $1.89–$2.08, followed by $2.58 and $2.76.The top of the range, $3.35, is the major resistance and would confirm a trend reversal if broken. A successful breakout above this area could open the way to $4.06–$4.34 targets.On the other hand, losing the $1.65 support could send the price down toward $1.45–$1.28, though this lower area is not yet a confirmed support zone.Support and Resistance LevelsSupport levels: $1.65 → $1.45 → $1.28Resistance levels: $1.89 → $2.08 → $2.58 → $2.76 → $3.35These 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.

What everyone is looking for in crypto derivatives markets is clear: low costs, high speed, and no price slippage during transactions. MYX Finance (MYX) is a project that emerged with a focus on precisely these needs. Thanks to a special system called the Matching Pool Mechanism (MPM), users can execute their transactions with virtually no slippage. Furthermore, the platform supports multiple blockchains, making it convenient for investors from different networks. Let's take a look at the reasons why it's so popular in the DeFi world.MYX Definition and OriginsMYX Finance is a decentralized exchange where users can trade perpetual futures contracts with up to 50x leverage. However, what sets it apart is that it operates with a brand new method, rather than using traditional order books or automated market makers (AMMs). This system is called the Matching Pool Mechanism (MPM). By matching buyers and sellers in a common pool, it allows for virtually no price slippage, even in large transactions. In other words, the worry of "will there be a price slippage or a price change?" while trading is greatly reduced. MYX Finance has a non-custodial structure, meaning users retain control of their funds. All transactions are carried out through smart contracts; no one can directly access user funds.The project's foundations were laid in 2023. Social media accounts were first launched in June. Then, on November 28, 2023, the team received a $5 million seed round led by Sequoia China (now HongShan). This round also included prominent blockchain funds such as ConsenSys and Hack VC. The first testnet phase launched on the Linea Goerli testnet the following day. The second testnet was completed on December 26.The project progressed quickly, and the mainnet went live on the Arbitrum network on February 18, 2024. Following the launch, various campaigns were organized to further strengthen the community. For example, a joint event held in April 2024 with the OKX Web3 wallet introduced many users to the platform. MYX's main goal is to take the trading experience of centralized exchanges and combine it with the advantages of DeFi, such as transparency and user control. By offering an always-on global derivatives market, "trading isn't limited to a New York morning," he says. Users can connect to MYX and open trades from anywhere in the world, 24/7.One of the platform's most striking features is its multi-network support. Users can deposit assets as collateral on more than 20 different blockchains from a single account, without having to manually use a bridge. This allows capital held on different chains to be used more efficiently in a single location.Another practical advantage is that transactions are free of gas fees. MYX pays transaction fees on behalf of the user through a system called "relay." The user can then repay this fee with the asset of their choice. This means they don't need to hold network tokens like ETH or BNB in their wallet just to trade. This provides significant convenience, especially for new users. MYX Finance initially began operating on Arbitrum but issued its token on the BNB Smart Chain (BSC) using the BEP-20 standard. Today, it also operates on various networks, including Linea and BNB Chain.Thanks to its chain abstraction technology, users can bring their assets, even from non-EVM-compatible networks like Solana, and use them as collateral. MYX is quite flexible in this regard.Price data comes from the Pyth Network, a reliable oracle. Interchain asset transfers are also facilitated by the Across Bridge infrastructure.Smart contracts are written in Solidity, and security is not compromised. Audit reports have been obtained from industry-renowned firms such as SlowMist and PeckShield. Additionally, the platform utilizes a multi-signature system to protect critical transactions, along with various security and risk management modules such as Time Traveler, Live Surveillance, Auto-Deleveraging, and Risk Reserve. MYX's working diagram. Source: MYX/Docs Thanks to this infrastructure, MYX has become a decentralized derivatives exchange with both high transaction capacity and robust security.MYX's History: Key MilestonesBehind every crypto project lies a journey. For MYX Finance, this journey has been fast, exciting, and full of ups and downs. From the initial idea to the mainnet launch, from airdrops to record prices, many steps have brought MYX to its current position. Below, let's take a look at the key moments of this journey.Late 2023: The First Foundations and the Launch ProcessIn June 2023, MYX's social media accounts were launched, and the project gradually began to gain traction. A $5 million seed investment in November accelerated the process. This investment included major names such as Sequoia China (now HongShan), ConsenSys, and Hack VC. Immediately after announcing the investment, the team launched the first testnet on the Linea testnet. The second testnet was completed by the end of December. February 2024: Mainnet goes liveOn February 18, 2024, MYX officially launched on the Arbitrum network. As users began making their first transactions, events were held to increase community interest. This quickly led to a surge in user numbers.May 2025: Token distribution and airdrop momentumOn May 6, 2025, MYX's token was officially launched. As part of the TGE (Token Generation Event), early adopters and liquidity providers were rewarded. A significant portion of the total supply, 14.7%, was shared with these users. The distribution was phased over five months.That same month, MYX reached a wider audience thanks to the Airdrop+ campaign with the MEXC exchange and the "triple airdrop" event organized in partnership with zkPass. The airdrops increased both liquidity and user interest.August 2025: Volume exploded, listings followed.MYX truly stepped up its game during the summer months. Weekly trading volume reached $2.2 billion. The total assets locked in the protocol (TVL) exceeded $30 million. At that time, more than 170,000 users were actively trading on MYX.As interest in the project grew towards September, some centralized exchanges joined in. On September 9, 2025, Gate.io began listing the MYX token, followed shortly thereafter by Bitget. This development significantly increased volume.September 2025: WLFI announcement and skyrocketing priceA bombshell announcement on September 5 catapulted MYX's star. The project announced that it would list the token World Liberty Financial (WLFI), associated with Donald J. Trump, as a perpetual contract. This news caused a stir in the market. The MYX price followed a trend as follows: Announcement is the following A significant short squeeze occurred between September 6th and 10th. Users with short positions liquidated $89.5 million, while long positions held only $23.5 million. The difference disrupted the market, and the MYX token surged by over 1,400% in a week, reaching its all-time high of $18.42 on September 10th. At that time, open interest exceeded $400 million.September 2025: Volatility, criticism, and a declineThings changed somewhat after this surge. Daily perpetual trading volume rose between $6 billion and $9 billion. Such large figures naturally attracted attention. During the same period, 3.9% of the total supply (39 million tokens) was unlocked.Some observers considered this timing to be no coincidence. There were rumors that early investors might have sold when the price had risen so high. There were also comments on social media describing this surge as a "scam pump." According to technical analysis, the RSI indicator rose to the 89–97 range, signaling an overbought signal. Many analysts predicted that these levels would not be sustained and that the price could experience a 70–85% correction. Indeed, towards the end of September, the MYX price declined significantly, settling at a more stable level.Fourth Quarter 2025: Version 2 UpdateFollowing all these developments, the MYX team did not sit idle. It was announced that the Version 2 update would arrive in the last quarter of the year. This new version will add Solana support and further enhance the MPM system. The goal is to provide a more stable, user-friendly trading environment with near-zero slippage.The roadmap also includes other plans: integrations with new networks, campaigns to promote liquidity, and user interface enhancements. MYX's goal is to offer a perpetual trading experience that is as fast as centralized exchanges but completely on-chain.Why Is MYX Important?The elements that make MYX Finance unique and stand out in the DeFi ecosystem are evident in its use cases and token economy. We've outlined why these aspects are critical below:Perpetual Transactions with Zero SlippageOne of MYX's most striking features is its Matching Pool Mechanism (MPM), which reduces price slippage to almost zero even in large-volume transactions. This means that even when someone opens a $100,000 position, the price doesn't jump. This is a significant advantage, especially for those making large trades or using high leverage. It feels like trading on a centralized exchange.Cross-chain trading in one placeMYX is remarkably successful at bringing assets from different blockchains together on a single platform. For example, you can bring ETH from the Ethereum network or SOL from Solana and deposit them as collateral on MYX. This eliminates the hassle of bridging and transferring assets. This allows you to trade without wasting time on which network you're on. This feature both saves time and increases transaction efficiency. A gas-free and convenient trading experienceMYX doesn't require users to hold network tokens (such as ETH or BNB) to trade. Transaction fees are covered by a relay system. Users can then pay this fee with another asset if they wish. This system offers significant convenience, especially for beginners. Furthermore, thanks to the platform's 24/7 availability, trading is possible at any time, day or night.Earning Income by Providing LiquidityOn MYX, you don't just have to buy and sell. You can also earn passive income by depositing your assets into liquidity pools for specific trading pairs. Those who perform these transactions are awarded MLP tokens. In other words, you become a shareholder of the pool. In return, you receive 40% of the fees collected from trades and a portion of the funding fees as income. You also receive a share of the pool's profit and loss distribution. In a balanced market environment, the risk of being an LP (liquidity provider) is quite low. Leveraged hedging and arbitrage opportunitiesThanks to perpetual trading, investors can bet not only on the rise but also on the fall. For example, if you hold BTC in your wallet but anticipate a decline, you can protect yourself by shorting MYX. Or, you can exploit price differences across different exchanges to engage in arbitrage. MYX's low transaction costs and fast structure make implementing these strategies quite easy.MYX token economics: Distribution, usage, and potentialSupply and distributionThe total supply of the MYX token is limited to 1 billion units. This means no new tokens are minted. This means the supply will remain constant over the long term. The distribution plan is as follows: Coin distribution in the whitepaper This model attempts to balance both the project's growth and the contributions of early backers. However, unlocks that occur periodically (for example, 39 million tokens in September 2025) can cause price fluctuations. Therefore, the token offering schedule should be monitored carefully.DAO SystemThe MYX token doesn't just offer a discount on transaction fees. It also serves as a governance tool. This means that if you hold MYX tokens, you can vote on important platform-related decisions. For example, decisions such as removing a trading pair, changing fee rates, or adding new features can be submitted to the community. MYX aims to evolve into a DAO (decentralized autonomous organization) over time, placing decisions in the hands of the community.Staking and Revenue SharingAnother strength of the MYX token is its staking feature. Users who stake their tokens receive a portion of the revenue generated by transactions on the platform as rewards. In other words, as transaction volume increases, stakers' earnings also increase. Additionally, thanks to the VIP user system, those who hold a certain amount of MYX in their wallets can receive significant discounts on trading fees. Discounts of up to 70% are possible with just 10 MYX.Value Preservation and Reserve FundMYX has also made sure to protect itself against potential market volatility. A Risk Reserve Fund has been set aside to offset potential losses in liquidity pools. As the platform performs, a portion of the earned fees is transferred to this fund, thus protecting user funds in the event of unexpected events. There is currently no active token burn mechanism, but the community may decide to do so in the future. For example, a portion of transaction proceeds could be used to buy back and burn MYX.Who are the Founders of MYX?Mark Zhang (aka Yihao Zhang), founder and CEO of MYX Finance, is no stranger to the crypto world. He previously held senior technical roles at one of the three largest crypto exchanges in the world. He has significant expertise, particularly in the architecture of trading systems. He has now brought this experience to the DeFi space and built MYX's "zero slippage" MPM infrastructure.Of course, the team isn't limited to him. MYX's technical team includes software developers, engineers, and market makers with quant trading backgrounds who have worked on various blockchain projects. This means they have a strong team with both technical and financial backgrounds.It's also important to consider who invests in a project and who it's collaborating with. MYX is strong in this regard as well. Early-stage funds include leading industry names such as Sequoia China (now HongShan), ConsenSys Mesh, Hack VC, Redpoint, and Cypher Capital. This has enabled MYX to make solid progress not only financially but also in terms of strategic partnerships.Significant collaborations are also underway on the technology front. Pyth Network provides the oracle infrastructure, and they integrate with Across for cross-chain bridging. They are also compatible with many different applications, including hardware wallets, Web3 wallets, and portfolio tracking tools. The MYX team, led by Mark Zhang, set out with the idea of "making DeFi truly usable and user-friendly." They aim to combine the speed and practicality of centralized exchanges with on-chain security and transparency. This is evident in every decision they make.The team places particular emphasis on speed, scalability, and security. Therefore, the platform has developed systems to protect users. For example, mechanisms like Auto-Deleveraging (ADL), which automatically activates when market volatility occurs, are readily available.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about MYX Finance:What is MYX Finance?: MYX Finance is a decentralized exchange offering perpetual trading with 50x leverage. Its MPM system keeps slippage near zero and allows users to trade on-chain, at low costs.What does MYX do?: MYX brings crypto derivatives trading onto the chain. With its gas-free, multi-network-supported, and cross-collateralized structure, it serves both professional traders and users seeking passive income.What is the difference between MYX and GMX or dYdX?: MYX offers near-zero slippage with its MPM system. GMX uses AMM, while dYdX uses an order book. MYX also has the advantage of multi-network support and gas-free trading.What is the total supply and distribution of the MYX token?: The total supply is 1 billion. 40% is allocated to the ecosystem, 20% to the team, 17.5% to investors, 14.7% to airdrops, and the remainder to liquidity, community, and reserves. The supply is fixed, with no additional printing.What networks does MYX operate on?: It is active on Arbitrum, Linea, and BNB Chain. It accepts assets from Ethereum, Solana, and 20+ networks as collateral. The MYX token is BEP-20 standard and bridgeable.Is the platform secure?: Yes. Smart contracts are audited, and security systems such as risk reserves and ADL are in place. However, leveraged trading carries high risk and should be used with caution.Is it suitable for beginners?: The platform is user-friendly, but leveraged trading requires experience. Those wishing to begin should experiment with low-risk options first. Reviewing the guides is helpful.You can find the most up-to-date analyses, tools, and guides about MYX and the decentralized derivatives exchange ecosystem in the JR Kripto Guide series.

Cryptocurrency exchange giant Binance announced that it will delist its MANAUSD and EGLDUSD perpetual contracts, which are among its COIN-M futures products, on November 13, 2025. According to the statement, all open positions will be automatically closed on this date, and the contracts in question will be delisted.According to Binance's official announcement, users will be able to terminate their trades in these contracts as of 12:00 PM CEST on November 13. Once the delisting process is complete, the COIN-M MANAUSD and EGLDUSD contracts will be completely removed from the platform.The exchange advised investors to manually close their open positions before this date. It will no longer be possible to open new positions in these contracts as of 11:30 AM CEST on November 13.Automatic liquidation process and risk warningBinance stated that the Futures Insurance Fund will not support liquidations in the last hour before the delisting process. Liquidations occurring during this time period will be transferred to the market in a single transaction called an "Immediate or Cancel Order" (IOCO). Following the IOCO order, liquidations will be suspended for users whose account balance is sufficient to cover the required maintenance margin. However, if the balance remains insufficient, remaining positions will be automatically closed using the Auto-Deleveraging (ADL) mechanism.Binance emphasized that this period may coincide with a period of intense volatility and low liquidity, and that users should actively monitor their positions. COIN-M contracts, in particular, are leveraged products in the futures market, increasing the risks of sudden price fluctuations.Additional protection measures may be implementedThe exchange also stated that it may implement additional measures to protect investors during extremely volatile market conditions. These measures include updating the maximum leverage ratio, position sizes, and maintenance margins, adjusting funding rates (interest, premium, and upper limit), changing the assets used in the price index, and implementing the "Last Price Protected" mechanism. How might MANA and EGLD prices be affected?Short-term price volatility is often observed in assets removed from Binance's futures products. The MANA (Decentraland) and EGLD (MultiversX) communities may experience a short-term volume decrease following this announcement. However, this decision will not directly impact spot market trading; it only covers COIN-M (coin-backed) futures.In recent months, Binance has been periodically removing certain futures pairs from its platform that have low trading volume or require technical restructuring. This move is a frequently used method to improve liquidity management and maintain market stability.In short, the MANAUSD and EGLDUSD COIN-M contracts on Binance Futures will expire on November 13, 2025. It is important for users to close their positions before this date to prevent losses that may arise from automatic liquidations. At the time of writing, MANA is trading at $0.21582161, up 2 percent, while EGLD is trading at $9.07, up 8 percent.

Another significant step has been taken in the Japanese financial world. The country's financial regulator, the Financial Services Agency (FSA), has officially supported a joint stablecoin project led by three major banks: Mizuho, MUFG, and SMBC.Japanese regulator FSA releases statement on stablecoin initiativeA significant step has been taken that could herald a radical transformation in payment systems in Japan. The country's financial regulator, the Financial Services Agency (FSA), announced its official support for a stablecoin pilot project to be jointly implemented by three major banking groups. This project is seen as a milestone in Japan's long-awaited transition to a blockchain-based payment infrastructure.The FSA announced that the pilot will be conducted by Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation (SMBC). These banks are among the most powerful players in the Japanese financial system. Under the project, stablecoins jointly issued by these three banking groups will be considered "electronic payment instruments" under Japanese law. This will test the use of these digital assets in accordance with both legal frameworks and operational requirements.The pilot project is the first step of the FSA's newly launched initiative, the "Payment Innovation Project" (PIP). The PIP is run under the agency's FinTech Proof-of-Concept Hub program, which has been operating since 2017, and enables financial innovations to be tested in a controlled environment. In this context, areas such as the integration of blockchain technology into payment systems, legal compliance, and user security will be evaluated.The project also includes private sector representatives in addition to banks. Mitsubishi Corporation is contributing as a technological infrastructure partner, while Progmat Inc., which developed the digital token infrastructure, and Mitsubishi UFJ Trust and Banking Corporation, which will handle secure storage, are also part of the consortium.The pilot is scheduled to begin in November 2025. Throughout the trial, detailed assessments will be conducted on the legal suitability and feasibility of the system, user security, and transaction efficiency. The FSA stated that the results will be shared in a public report upon completion of the project. Japan has traditionally been a country with high cash and credit card usage. However, the government and financial authorities have been taking significant steps in recent years to accelerate the transition to digital payments. This stablecoin pilot is at the heart of this shift. Stablecoins can increase the efficiency of the financial system by offering both fast and low-cost transfers.Currently, the largest stablecoins are listed below: However, this transformation faces several challenges. Stablecoins need to be legally established, and reserve management, cybersecurity, and auditing mechanisms need to be strengthened. Furthermore, the use of digital tokens in interbank fund transfers could reshape the functioning of the current financial system, creating new areas of responsibility for both regulators and banks.

TON/USDT Technical AnalysisAnalyzing the chart on the 4-hour time frame, we see that the coin is displaying a short-term recovery after a sharp drop, bouncing strongly from the 1.89 support level. The coin is currently trading around 1.96, approaching regions that align with Fibonacci retracement levels — areas that often indicate potential pullback zones.The first target area stands between 2.06 and 2.12, which corresponds both to a prior horizontal resistance zone and the Fibonacci 0.50–0.618 retracement range. Therefore, selling pressure may increase within this region. If a breakout occurs and daily closes form above 2.15, the recovery could extend toward 2.22.On the other hand, the 1.90–1.89 range represents a key short-term support zone. This area acted as a strong reaction point during the last decline and remains critical for the current trend structure. A break below it could trigger a further pullback toward 1.84. Current Fibonacci Levels in TONS Summary• TON is in a recovery phase, approaching Fibonacci resistance levels.• The 2.12–2.15 region poses a high short-term pullback risk.• As long as 1.89 support holds, the structure remains constructive.• A confirmed breakout could open the path toward 2.22.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.

OP/USDT Technical Analysis OP Short-Term Target Zone Analyzing the chart on the 4-hour time frame, we see that OP is moving in accordance with Fibonacci retracement levels. After the sharp drop, the price bounced strongly from the 0.3459 support level, triggering a short-term uptrend.The price is currently trading around the 0.37 zone, which coincides with the Fibonacci 0.382 retracement level — a short-term resistance. A breakout above this level could extend the upward move toward the 0.40–0.42 range. However, this region represents a historically strong resistance area, aligning with the Fibonacci 0.618 level, where notable selling pressure has previously emerged.We need to see daily closes above the 0.414–0.420 band for the bullish momentum to continue. Otherwise, renewed selling pressure may arise from this zone, leading to a potential pullback toward the 0.3645 support level.Support and Resistance LevelsSupports: 0.3645 – 0.3459 – 0.3240Resistances: 0.3889 – 0.4079 – 0.4149 – 0.4373These 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.
