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What is MemeCore (M)?
MemeCore (M) brings the vibrant energy of internet humor directly into the ecosystem and stands out as a Layer-1 network dedicated to meme coins. MemeCore offers a custom-designed infrastructure for meme communities, aiming to break short-lived speculation cycles and transform this culture into a more sustainable asset. Let's explore what MemeCore offers and how it transforms the meme economy.MemeCore's Definition and OriginsMemeCore stands out as a Layer-1 blockchain network dedicated to meme coins, bringing together content creators and communities through memes and DApps. Its EVM compatibility allows it to work directly with Ethereum-based applications. MemeCore's goal is to create a true "playground" within the blockchain ecosystem for meme communities. Unlike general-purpose networks, it focuses entirely on meme culture, aiming to build a "kingdom of memes" through high performance, low transaction fees, and special incentives.MemeCore's emergence is directly linked to the meme coin boom of the mid-2020s. 2024, in particular, was a boom year for this market: the total market capitalization of meme coins rose from $20 billion in 2023 to $140 billion in 2024, growing by approximately 600%. During this period, at least eight meme coins entered the top 100 cryptocurrencies by market capitalization. The Solana network, thanks to its high speed and low fees, became a favorite for meme coin projects.However, this growth was plagued by a major problem: research showed that 97% of meme coin projects failed within the first year. Many were short-term, "pump-dump" projects that lasted only a few days. In other words, meme coins attracted community attention but quickly fizzled out without generating lasting value.MemeCore was launched in early 2025 to address this very problem. The founding team wanted to transform the meme coin craze into a sustainable community economy. MemeCore, whose mainnet launched on February 12, 2025, redefined the classic incentive structure with its unique Proof of Meme (PoM) consensus model. In this model, users contribute to the security of the MemeCore network by using meme coins across different chains and earn rewards in return. This way, MemeCore aims to establish a new blockchain system where meme coins are no longer just "joke tokens" but instead transform cultural participation into real value.MemeCore's History: Key MilestonesThe best way to understand a blockchain project is to look at how it evolves. From the first steps in 2024 to the major launches in 2025, you can see each phase below:2024 - Concept and TestingRecognizing a gap in the memecoin ecosystem, the team focused on developing MemeCore's core concept and technical architecture throughout 2024. During this period, the first testnet trials of Proof of Meme (PoM) consensus were conducted, and valuable feedback was gathered from the community. This early feedback played a key role in shaping the project's direction.February 12, 2025 - Mainnet LaunchFollowing a lengthy testing period, MemeCore officially launched its mainnet on February 12, 2025. This was the birth of the first independent Layer-1 blockchain network dedicated to memecoins. The launch also saw the implementation of EVM compatibility. This allowed DApps in the Ethereum ecosystem to easily integrate into the MemeCore network.March 27, 2025 - Strategic Investment RoundThe most significant development following the Mainnet launch was the project's acquisition of investment from leading funds in the industry. The MemeCore team received strategic support from prominent investors such as IBC Group, Waterdrip Capital, Catcher VC, K300 Ventures, AC Capital, and WAGMI Ventures. While the amount was not disclosed, their involvement clearly demonstrated confidence in MemeCore's vision. CEO Jun Ahn emphasized that this investment further accelerates their goal of "establishing a decentralized playground for the meme community."First ecosystem partnerships (Spring 2025)Following the investment round, the team focused on collaborations to strengthen the infrastructure. The partnership with the NEO blockchain aimed to expand the cross-chain functionality of PoM consensus. At the same time, regulatory and capital support agreements were signed with PrestoLabs. Additionally, thanks to the Meson Free Bridge integration, the $M token became portable to the BNB Chain network. These steps played a significant role in MemeCore's evolution from a "single-chain" project to a multi-chain ecosystem.July 3, 2025 - Exchange ListingsMemeCore's native token, $M, was simultaneously listed on multiple centralized exchanges on July 3, 2025. It began trading on major platforms such as Binance (Innovation Zone), Kraken, Bitget, BingX, HTX (Huobi), MEXC, and HashKey. Trading volumes on the first day of the listing reached millions of dollars—for example, $10.2 million on Bitget and $3.2 million on MEXC in 24 hours. This step marked a turning point in MemeCore's opening up to a global investor base. Summer 2025 - Community Campaigns and GrowthIn June-July 2025, MemeCore launched a fun campaign called "Proof-of-Shit," blending humor and community energy. This event, run in partnership with the Kaito platform, quickly went viral and topped Kaito's engagement charts. A total of $700,000 in prizes were distributed to participants. The team also increased the project's global visibility by performing at major events such as Token2049 Dubai and Korea Blockchain Week (KBW).Fall 2025 - Ecosystem Expansion and New PartnershipsAccording to official information released in September 2025, MemeCore completed its infrastructure to address the volatility and short lifespan of the meme coin market. Around the same time, it received a strategic investment from Klein Labs. Driven by these developments, the $M token reached an all-time high of $1.15 by the end of August 2025—an increase of approximately 2,400% compared to its listing price. As of November 2025, the M coin price is at $2.42. Why Is MemeCore Important?Many factors need to be considered to understand the importance of MemeCore.Infrastructure Specific to the Meme EcosystemMemeCore's most striking aspect is its design as a blockchain focused entirely on vertical specialization. General-purpose networks like Ethereum or Solana can host meme coins, but MemeCore stands out as the first Layer-1 blockchain dedicated solely to memes. This approach aims to surpass general-purpose chains in performance optimization, low transaction fees, and community-centric tools.Sustainability and Community IncentiveClassic meme coins often emerge as short-lived memes or speculation, then quickly fade away. MemeCore was developed to break this cycle. Thanks to the Proof of Meme (PoM) mechanism, community participation and cultural production are directly rewarded. This means that anyone who shares, produces, or popularizes a meme can earn a share of the reward pool, not just developers or early investors.This model transforms today's "attention economy" into tangible value on the blockchain. For example, at MemeCore, the Meme Vault, created for each newly minted meme token, serves as a reward pool for the project's sustainability. As community engagement increases, distributions from this pool also increase. This allows the project to sustain its lifecycle not only through price speculation but also through community engagement.Measuring Cultural Value and RewardsAnother innovation at MemeCore is its ability to measure a meme's cultural impact and distribute rewards accordingly. PoM consensus analyzes social media engagement, on-chain activity, and even specific AI indicators surrounding a meme coin to gauge its "viral" nature. This way, block rewards are determined not only by stake but also by the level of cultural contribution.The essence of this system is: "The more resonant the meme, the more rewards it receives." This discourages short-term price manipulation while encouraging long-term community engagement.Ecosystem and InteroperabilityMemeCore, with its EVM-compatible architecture, works fully in harmony with Ethereum-based smart contracts. This provides great convenience for developers; DApps currently running on Ethereum can be quickly ported to MemeCore. MemeCore ecosystem The project also has a structure centered around cross-chain interaction. The bridge established with BNB Chain and the technical collaboration with the NEO network demonstrate that MemeCore is progressing toward becoming a hub that connects different blockchains.Market ExcitementMemeCore quickly attracted the attention of both investors and the community. The listing of its $M token on major exchanges and its rapid price performance served as a concrete indicator of confidence in the industry.However, the real excitement was generated by MemeX, one of the first applications built on MemeCore. This social platform allowed users to issue their own meme tokens simply by sharing a post. The value of the top 10 tokens on MemeX quickly increased by over 8,000%, and the total number of users exceeded 190,000.MemeCore's Token EconomyThe most important element that makes MemeCore unique is its Proof of Meme (PoM) consensus mechanism, which offers a creative twist on the classic Proof of Stake (PoS) structure. This model ensures network security not only through the participation of $M tokens but also through the participation of meme coins across different chains.Consensus mechanism: Proof of Meme (PoM)PoM allows users to contribute to the network by staking both $M and selected meme coins. Nodes that have staked at least 7 million $M can become validators. The network selects and dynamically updates the top seven validators with the highest stakes approximately every 70 seconds. Proof-of-Meme konseptinin şeması. What sets PoM apart is that popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) can be delegated through MemeWhiteList. This unites different communities under one roof, transforming MemeCore into a multi-chain security and incentive network.Dual Rewards SystemFor each block, rewards are distributed from both $M and the delegated meme coins.99% of block rewards are shared equally among active validators, with a 1% bonus awarded to the validator who produced the block.24% of the rewards earned by validators are distributed to meme coin delegators (15% of the rewards go to the validator as a commission).75% goes to $M delegators, and 10% of their earnings are transferred to the validator as a commission.In this model, both $M holders and different meme coin communities earn rewards by contributing to the network. Meme Vault MechanismEvery time a new meme coin is mined, 5% of its total supply is automatically locked in a "vault" contract. This fund is distributed gradually to the community over 1,000 days. Meme Vault provides a sustainable source of incentives for projects and allows the community to receive rewards for long-term engagement.$M Token Economy$M is limited to a total supply of 10 billion. As of September 2025, the circulating supply is approximately 1.03 billion $M. The distribution is designed to be community-driven:58% community incentives (PoM, ecosystem rewards)15% foundation and team13% core contributors12% investors2% MemeCore treasuryFurthermore, a portion of transaction fees are burned on the network, creating a deflationary effect. Staking locks also reduce the circulating supply, supporting the long-term value of $M.MemeCore leverages Ethereum's security model with its EVM-compatible architecture. While high performance is targeted with only seven active validators in the early stages, plans are to increase the number of validators in the long term. This maintains a balance of both speed and decentralization.MemeCore's Use CasesMemeCore isn't just a theoretical blockchain; it's a rapidly growing ecosystem with active applications and community-driven projects. Below, you can find the main use cases and projects built on MemeCore:Social token platform: MemeXMemeCore's first and most popular application, MemeX, combines social media interaction with blockchain. Users can issue their own meme tokens, just like sharing a post. Thanks to the "bonding curve" mechanism, the token price increases with the popularity of the content, and the demand. Furthermore, users can stand out within the community through sponsorships, leaderboards, and engagement rewards. Despite being in beta, MemeX has quickly reached over 190,000 users, making it a flagship platform within the ecosystem. Easy Token and NFT Creation: PUPAPUPA is a simple tool that allows users to create MRC-20 tokens or NFTs in seconds, without coding knowledge. While currently in the testnet phase, it makes it easier for users to quickly bring their ideas to the blockchain. This feature supports a "fast build - fast test" culture, especially for creative communities.Decentralized Exchange: EveryswapEveryswap, which forms the ecosystem's liquidity infrastructure, is based on an AMM (automated market maker) model similar to Uniswap v3. Users can buy and sell tokens here, provide liquidity to pools, and earn a share of transaction fees. Popular pairs like $M/USDT have high trading volume. Staking and delegation platform: MemeCore StakeMemeCore Stake is a practical reflection of the PoM mechanism. Users can earn returns by delegating their meme coins or $M tokens to listed validators. Commission rates, APY, and total stake information are transparently displayed on the platform. This allows investors to both earn passive income and contribute to network security.Data and infrastructure services: MemeCoreScan & SQDMemeCoreScan, the technical backbone of the ecosystem, provides the ability to monitor all transactions and contracts on the chain. Additionally, SQD, a decentralized data infrastructure, pulls data from over 100 blockchains, providing developers with fast and cost-effective access. This infrastructure increases the scalability and data transparency of DApps developed on MemeCore.Gaming and entertainment applicationsBecause meme culture is intertwined with entertainment, MemeCore also hosts GameFi and community-based mini-game projects. For example, Memes.War, a Telegram-based "play-to-airdrop" game, allows users to earn rewards by playing meme-based games. Such projects demonstrate that MemeCore offers not only financial benefits but also an entertaining community experience.Bridges and Multi-Network SupportMemeCore integrates with the BNB Chain network through the Meson Free Bridge, allowing for cross-chain transfers of $M tokens. In the future, bridges with networks like Ethereum and Solana are aimed at broader DeFi interaction. This multi-network support expands MemeCore's liquidity base and facilitates cross-ecosystem migration.Who is the Founder of MemeCore?MemeCore is backed by a visionary team with years of experience in the blockchain and crypto industries. The founding team possesses a strong balance of both technical infrastructure and business strategy. The team members are comprised of individuals who have previously led various Web3 startups.Jun Ahn (Founder & CEO): Jun Ahn, the founder and CEO of MemeCore, is a well-known entrepreneur and investor in the blockchain world. Before launching MemeCore, he founded 0xLootBox, a network that invests in early-stage Web3 projects. He also held key roles at hardware wallet giant Ledger and Chains.Asia, an Asia-based blockchain startup. Drawing on this experience, Jun Ahn shapes MemeCore's vision as "a next-generation blockchain that combines technology with community culture."Cherry Hsu (CBDO – Chief Business Development Officer): Cherry Hsu, who leads MemeCore's business development and strategy, holds a master's degree in computer science. With over seven years of experience in game development, IT startup marketing, and Web3 projects, he plays a key role in the ecosystem's growth. Cherry leads in areas such as expanding MemeCore's partnership network, establishing strategic partnerships, and increasing its global visibility.Rudy Rong (CGO – Chief Growth Officer): Rudy Rong is responsible for the project's growth strategies and is the former CEO of the decentralized identity protocol Karat DAO. He studied finance at the University of Southern California in the US and gained significant experience in the Web3 field by working on blockchain-based identity solutions. Responsible for MemeCore's community growth, user acquisition, and global marketing strategies, Rudy plays an active role in increasing the project's adoption.In addition to these three individuals, the MemeCore team includes a diverse team of developers, designers, marketing experts, and consultants from various countries. The team prioritizes community management as much as technical innovation.Furthermore, powerful investors such as IBC Group, Waterdrip Capital, Wagmi Ventures, K300 Ventures, and AC Capital are providing both financial and strategic support to the project.Frequently Asked Questions (FAQ)Below, you can find frequently asked questions and answers about MemeCore (M):What makes MemeCore different from other blockchains?: MemeCore is the first Layer-1 blockchain designed exclusively for meme coins and community-focused projects. Unlike public networks like Ethereum or Solana, its performance, transaction fees, and incentive model are completely optimized for the memecoin ecosystem. Thanks to the Proof of Meme (PoM) mechanism, users stake their meme coins to secure the network and earn double rewards. The ecosystem is also supported by social platforms, games, and creative tools, providing a dedicated space for meme culture.What is Proof of Meme (PoM) and how does it work?: PoM is MemeCore's consensus mechanism. Users can stake both $M tokens and specific meme coins. Validators with the highest stakes generate blocks and are rewarded with both $M and meme tokens in return. This ensures network security and connects different communities to the same incentive structure. What does the $M token do?: $M is MemeCore's native token and the cornerstone of the network. Transaction fees are paid with $M, used in the PoM staking process, and provide voting rights in governance. $M is also used to incentivize new projects, as well as in grants and bounty programs.How can I join the MemeCore network?: Participation is highly flexible. Developers can create new tokens or deploy smart contracts using the PUPA tool. Investors and users can earn rewards by delegating their meme coins or $M tokens to validators via MemeCore Stake. You can also earn tokens through social interaction by creating content on the MemeX platform.Is MemeCore suitable for individual users?: Absolutely. MemeCore is designed for individual users as well as large project teams. You can issue your own meme token, support the tokens of loved ones, or simply contribute to the growth of the ecosystem by purchasing $M. Thanks to its user-friendly interfaces, MemeCore offers a fun and engaging experience in the blockchain world.You can find the most up-to-date analyses, user guides, and integration guides about MemeCore and similar innovative blockchain projects in our JR Kripto Guide series.
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6 Nov 2025
Binance Sets Eyes on New Projects: Announces for 3 Altcoins
Binance, the world's largest cryptocurrency exchange, continues to expand its ecosystem. The company announced today that two new projects have been added to the Binance Alpha list: $LONG and $UAI. It also announced the launch of pre-market futures for the $STABLE token. These developments offer investors both early access and high-risk, yet potentially attractive, opportunities.What is Binance Alpha?Binance Alpha is a platform created by the exchange to promote early-stage Web3 projects and provide users with early access to these tokens. The system allows investors to learn about the project before its official listing, access research reports, and allow users who meet certain criteria to invest early.Projects listed on the Alpha list are generally developing ventures that have not yet reached a large audience. At this stage, liquidity is limited and price volatility increases the risk. However, the opportunity to invest early in successful projects also presents a significant advantage for investors.Binance's Alpha program does not limit itself to listing new tokens. The Alpha Points system offers a structure where users earn points for their interactions and can earn rewards or airdrops with these points later. This makes the Alpha ecosystem not just a listing platform but a community initiative.What are $LONG and $UAI?The $LONG and $UAI projects, which Binance added to its Alpha list, stand out as early-stage innovative ventures. The $LONG token currently has a limited circulation supply; this project, developed for an early investor audience, aims to provide infrastructure for Web3-based social economy applications.Meanwhile, $UAI (UnifAI Network) focuses on AI-powered DeFi solutions. The project develops AI applications that interact with smart contracts through autonomous on-chain agents. UnifAI aims to allow users to securely analyze off-chain data and record the results verifiably on the blockchain.Inclusion in Binance's Alpha program increases awareness of these projects within the community and could pave the way for a potential spot listing in the future. Pre-market Futures for $STABLEThe third major announcement of the day was Binance's announcement that it would launch pre-market futures trading for the $STABLE token. A pre-market means a token becomes available for trading for select users before its official listing. This feature allows for early price discovery but also increases volatility.Binance has previously experimented with this system, converting pre-market futures contracts to standard perpetual contracts once liquidity stabilizes. This implementation aims to provide users with early access to new projects while also providing protection against extreme price volatility.
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6 Nov 2025
Trump's Crypto Statement: "We've Ended the War"
All eyes are once again on the US in the crypto markets. President Donald Trump delivered a strong message of support for the cryptocurrency industry during his speech at the America Business Forum in Miami. Sharing his vision for the future of Bitcoin and digital assets, Trump emphasized that America should not lag behind in this area and declared that the "crypto war is over."Donald Trump makes a statement on cryptocurrencyAt an event held in Florida on November 5, 2025, as part of the America Business Forum, Donald J. Trump asserted that the US will be the leading country in the cryptocurrency space. He declared, "We are making America the Bitcoin superpower and the crypto capital of the world."In his speech, he claimed that the federal "war" on the cryptocurrency sector is over. He stated, "Crypto was under pressure, but it's not anymore," and presented a new vision. However, this vision did not include concrete timelines or new institutional directions.Trump suggested that digital assets could play a significant role not only in the technology field but also in the financial sphere. He stated that cryptocurrencies reduce pressure on the dollar and could benefit the US in terms of currency sovereignty. He used the phrase, "It alleviates pressure on the dollar."He also warned that rival countries like China could use the crypto sector to their advantage, emphasizing that the US should take an active role in this area. "If it's not done right, this is a major industry, and China is about to start," he said.Government steps are also progressing, albeit slowly, in line with the vision outlined in Trump's speech. Earlier this year, there were signs of the establishment of federal structures such as the "Strategic Bitcoin Reserve" and the "Digital Asset Stockpile" in the US; however, Bitcoin purchases have not yet materialized.Furthermore, the GENIUS Act, signed in July 2025, laid the groundwork for a regulatory framework for stablecoins. However, the market structure and comprehensive regulations are not yet fully established.Why did Trump emphasize crypto?Trump's emphasis on crypto did not emerge overnight. Previous administrations' regulatory crackdown on crypto and the general atmosphere of uncertainty had led to a lack of confidence in the sector. Trump described this situation as a "war," suggesting that this perception had been reversed. He also emphasized the crypto sector's size and support from the business community: "It's a big industry. There are a lot of businesspeople... they were in other businesses, but crypto is also involved," he said. This statement aims to demonstrate that crypto goes beyond being a mere investment tool and offers the potential to create economic growth and jobs.
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6 Nov 2025
Canada's Stablecoin Move: The Digital Dollar Era Begins
Canada included a new bill to regulate stablecoins in its 2025 federal budget. The government aims to create a comprehensive framework for the secure, transparent, and consumer-friendly market entry of digital assets pegged to fiat currencies like the dollar.Canada Takes Action on StablecoinsAccording to the budget document, the new law will require stablecoin issuers to meet specific reserve standards, establish repayment policies, and establish risk management frameworks. It will also introduce additional measures to protect users' personal information and ensure the integrity of the system for national security. The document states, "This regulation will ensure the safe use of fiat-based stablecoins for both consumers and businesses."With the enactment of the law, the Bank of Canada will be allocated a total budget of $10 million between 2026 and 2028 to manage this process. In subsequent years, regulatory costs will be covered by fees charged to stablecoin issuers. The government is also preparing amendments to the Retail Payment Activities Act to include payment service providers using stablecoins. This step aims to oversee digital payments and blockchain-based financial services under the same umbrella.The Canadian Ministry of Finance and other agencies have reportedly held intensive discussions with industry representatives in recent weeks, particularly on how stablecoins will be classified and how to prevent potential capital flight to US dollar-backed tokens. However, details regarding the government's final stance on this matter have not yet been released.The new regulation aims to encourage safe innovation in the digital asset ecosystem and ensure that the stablecoin market develops in line with the Canadian economy. This is expected to ensure that both individuals and businesses can safely access digital payment instruments.Canada's move is part of a global movement towards stablecoin regulations. The US passed the GENIUS Act in July, which introduces comprehensive rules for dollar-backed cryptocurrencies. The European Union's MiCA regulation is already in effect. Japan and South Korea are also working on similar legal frameworks. According to market data, the global stablecoin supply stood at approximately $291 billion as of November 4, largely comprised of US dollar-backed tokens. Standard Chartered estimates that up to $1 trillion in deposits in developing countries could shift to US-backed stablecoins by 2028.
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5 Nov 2025
What is 0G (0G)?
Speed, scalability, and transparency are essential at the intersection of AI and blockchain. However, traditional networks often fall short of handling this massive data and transaction load. This is where Zero Gravity (0G) comes into play. A modular Layer-1 platform specifically designed for AI, 0G enables AI applications to run efficiently, transparently, and at high speed on blockchain. Let's explore what 0G offers and why it's attracting so much attention in the world of DeAI (decentralized AI).Definition and Origins of 0G0G is a decentralized AI platform developed by a San Francisco-based team in 2023. Its primary goal is to enable AI applications to run faster, more cost-effectively, and more scalably on blockchains. While traditional blockchain networks cannot handle this load, 0G stands out with its specially developed infrastructure.The project focuses on solving the problems faced by AI operations on traditional networks, such as slowness and high costs. This allows AI models to run much more efficiently on the blockchain. With its modular structure, 0G is more than just a processing network. It offers specialized solutions for the fundamental needs of AI applications, such as storage, data access, and computation. This infrastructure can be used in a wide range of areas, from DeFi protocols to blockchain-based games. When looking at the underlying technology, 0G stands out as an EVM-compatible Layer-1 blockchain. 0G Chain provides a highly efficient transaction layer, while 0G Storage enables distributed storage of large datasets. 0G Data Availability ensures fast and reliable access to data, while 0G Compute handles computationally intensive tasks like training and running AI models. This granular architecture allows for virtually unlimited horizontal scalability. Network security is strengthened by support from Ethereum's EigenLayer protocol.The vision behind 0G is to make AI a community-driven public infrastructure accessible to everyone, not just a few large institutions. Announced in 2023, the project quickly gained significant traction during its testnet phase. More than 650 million transactions have already been processed. Furthermore, collaborations with prominent institutions like Alibaba and Stanford University demonstrate that the project has garnered significant support in the technical and academic community. The History of 0G: Key MilestonesStarting with the vision of an AI-focused blockchain infrastructure, the project quickly attracted the attention of major investors, built trust with its testnet success, and made a name for itself within the ecosystem with its expanding partnerships. With the mainnet launch and token listing, it became no longer just an idea or a test project, but a vibrant network with real use cases. Here are the most notable milestones in this journey:The first steps of 0G were taken in 2023. The project was announced by experienced blockchain and AI experts gathered in San Francisco. The team behind it possessed not only technical expertise but also a compelling vision: to free AI from centralized structures and transform it into a blockchain infrastructure that everyone can contribute to. This vision also resonated with the investment community. In its first year, the project received a total seed investment of $35 million from prominent investors, including Delphi Ventures and Animoca Brands. With this funding, the team accelerated their efforts to build a Layer-1 network with a modular architecture, EVM compatibility, and AI-focused focus.2024 was the year 0G truly proved its worth. During this period, the first testnet version launched, and the system exceeded expectations, reaching a transaction capacity of over 400 million. This high transaction volume both demonstrated the infrastructure's technical capability and bolstered confidence in the project. That same year, 0G began expanding its ecosystem. A strategic partnership was announced with Alibaba Cloud, one of the world's largest cloud infrastructure providers. This partnership was a significant step in both the network's data storage capacity and its expansion to the enterprise level. Furthermore, academic collaborations were established with Stanford University, one of the world's leading institutions in artificial intelligence research.November 2024 brought another significant milestone for the community: the 0G node sale took place. The goal was to integrate node operators into the system at an early stage to make the network more decentralized and community-focused. Accordingly, a whitelisting process began on November 11th, prioritizing early supporters. The general sale began on November 13th. Participants received the right to run nodes on the network in exchange for a certain amount of $0G tokens. This initiative allowed hundreds of individual and corporate operators to directly contribute to 0G's validation process. This sale also sent a strong signal that the project was progressing with the active support of a broad community.Following these strategic preparations and testing processes, 0G officially launched its mainnet in September 2025. With the mainnet's activation, nodes running on the 0G network were activated, and AI-focused applications moved from the testbed to real-world use cases. Around the same time, 0G's native cryptocurrency, the $0G token, was listed on major crypto exchanges. Upon launch, $0G attracted significant investor interest and quickly reached a market capitalization of over $1 billion.As of November 2025, the price of 0G hovered just above $1. Why is 0G Important?Decentralized AI is one of the most exciting areas pushing the boundaries of blockchain technology and capable of creating both technological and societal transformations in the coming years. However, classic blockchain architectures are not sufficient to realize this vision. This is precisely where 0G comes into play. With both its high technical performance and its philosophical stance, it enables AI to be more transparent, fair, and accessible. So, what are the key elements that make 0G so special and important?Above all, 0G aims to make AI more transparent and decentralized. Today, many AI models operate within closed systems owned by large technology companies; how they make decisions and what data they use are generally invisible to outsiders. However, 0G runs AI operations on the blockchain. This means that all data, model inputs, and outputs are recorded on the chain and are traceable by the community. AI decisions are no longer a "black box"; they are recorded in a way that anyone can audit and query when necessary. This approach allows AI to develop as a community-supported infrastructure for the public good, not just in the hands of a few major players.0G's modular architecture also offers a significant performance advantage. While the number of transactions per second in traditional blockchain networks is quite limited, 0G targets a capacity of 100,000 TPS (transactions per second) per shard. The hundreds of millions of transaction volumes achieved during the testnet phase prove that these goals are achievable. This high processing power enables AI applications to run in real time on the blockchain. This means that an AI model can now train, process data, and produce results on the chain without the need for centralized servers.In addition to high technical capacity, 0G also offers a significant vision for accessibility. Joining the network requires no specialized hardware or professional server systems. Even a laptop can be sufficient to run a basic 0G node. This low technical threshold allows everyone, from researchers and individual developers to enthusiasts and university laboratories, to contribute to the 0G network. This paves the way for a truly decentralized structure. This structure also strengthens network security, as the number of participants increases, making the system more resilient.Of course, such an ambitious project requires strong support, and 0G has amply provided this. While still in the testnet phase, the project partnered with major technology companies like Alibaba and began integrating with academic institutions like Stanford University. These collaborations also gained notoriety. Following its mainnet launch in 2025, the $0G token was listed on major exchanges and reached a market capitalization of over $1 billion in just days. Trading volume clearly demonstrated the high level of investor interest.0G Model (Architecture and Token Mechanics)0G, with its modular design, divides tasks into different layers to streamline transactions. The Chain module functions as a highly efficient consensus and smart contract execution layer. The Storage module stores large datasets needed by AI off-chain with content hashes and makes them verifiable. The Data Availability (DA) module increases network reliability by ensuring data is accurate and accessible. The Compute layer performs intensive computational tasks, such as training and inference of AI models, on off-chain cluster computers and reports cryptographically verified results to the chain. This architecture allows 0G to handle AI-focused loads faster and more cost-effectively than traditional chains. For example, the 0G network has already reached speeds of over 2,500 TPS in a test environment and, thanks to its architecture, can theoretically scale to 100,000 TPS. On the security front, nodes on the 0G network operate with a fair node system, and Ethereum's EigenLayer restaking mechanism provides additional security. This maintains the decentralized structure while ensuring the integrity and transaction integrity of the network.The $0G token, the heart of the infrastructure, is central to both technical operations and governance. The total supply is set at 1 billion, and its distribution is planned according to a highly balanced model. Approximately 40% is allocated for community and growth-focused uses. This includes ecosystem incentives, developer grants, competition rewards, and community contribution funds. A remaining 20% is allocated to the founding team and advisors. These tokens are gradually unlocked after a one-year lockup period. This incentivizes early adopters and prevents short-term selling pressure. The $0G token serves as both a governance and utility token. Its primary uses include:Governance: Token holders can vote on protocol updates or new feature proposals for the network, giving them a say in the future of the project.Staking and Verification: 0G tokens are used for node staking. Nodes verify transactions by locking a certain amount of tokens and earn rewards in return. This mechanism secures the network and provides passive income for token holders.Service Payments (Gas): 0G is used as gas fees for smart contract transactions and AI tasks on the network. For example, when an AI model needs to perform on-chain data analysis, the storage, data access, and computation services required are paid for with 0G.Ecosystem Incentives: 0G is used for community growth funding, such as grants and rewards for developers, bug bounty programs, and hackathon support. Additionally, the rewards to be distributed to node operators are in 0G (e.g., 15% of the total supply will be given to Alignment Node operators over 36 months).0G usage areasFirst, autonomous AI agents developed on 0G are attracting attention. These agents are systems that interact with smart contracts, read on-chain data, and execute transactions externally. For example, in a financial application, an AI-powered trading bot that analyzes the market and makes its own decisions, or NPC characters that dynamically respond to players in-game, are made possible by this architecture.Another important use case is verifiable AI outputs. Thanks to 0G, every AI action is recorded on-chain, along with the data and model information used. This makes AI outputs transparent and auditable. This feature makes a significant difference, especially in trust-critical fields such as finance, healthcare, or law.0G also provides an effective infrastructure for search engines and recommendation systems operating on big data. What recommendation algorithms recommend based on which data can be tracked on-chain. This increases user trust and provides transparency against algorithmic biases.0G is also useful for financial analysis and risk reporting. AI-based risk scores can be generated for processes such as credit assessment, insurance analysis, or supply chain monitoring. The data and transaction logic underlying these scores can be verified on-chain.In addition, 0G aims to create a decentralized AI service marketplace. Developers can list their models or data sources on this marketplace, while users can purchase the services they need directly and securely. This approach offers small-scale AI developers the opportunity to compete with larger players.Finally, DeFi and blockchain games are also within 0G's scope. Examples such as AI-powered credit assessment systems, autonomous strategy-determining investment vehicles, and on-chain learning game characters are already being developed.0G's Founders and Leadership TeamEvery technological revolution is shaped by a visionary team. The team behind 0G also has a broad vision. In this respect, the project goes beyond being a classic "crypto startup." The founding team, combining both academic and corporate experience, sets out with the goal of making 0G a leader in decentralized AI infrastructure.0G; It was born in collaboration with Zero Gravity Labs (0G Labs) and the non-profit 0G Foundation. The project will be launched in San Francisco in 2023, led by Michael Heinrich and Dr. Ming Wu. The founding team possesses significant expertise in the technology and entrepreneurship worlds. For example, Dr. Ming Wu is also a co-founder of the Conflux blockchain. This team includes researchers with deep technical expertise in blockchain architectures, as well as master's and doctoral degrees in artificial intelligence and computer science. Among them are many notable figures, from popular IT experts to unicorn startup founders.Founder and CEO Michael Heinrich is a serial entrepreneur who previously founded Y Combinator-backed startups and worked at Bridgewater, one of the world's largest hedge funds. He has a deep understanding of financial systems, business development dynamics, and early-stage growth. CTO Dr. Ming Wu is an engineer with deep technical knowledge in the blockchain world, having worked as a researcher at Microsoft for 17 years. His experience with scalable blockchain projects like Conflux directly reflects in 0G's modular infrastructure. Jake Salerno leads the team's business development team, having previously worked at Chainlink and possessing extensive connections within the industry. Tiffany L. stands out on the ecosystem and partnerships side. With over 12 years of growth and marketing experience at giants like Apple and Ava Labs, he plays a key role in 0G's expansion.The shared vision behind this strong team can be summarized in a single sentence: Making artificial intelligence a public shared asset. According to CEO Heinrich, 0G aims to transform AI infrastructure into a public, auditable, and fair platform by thinking of it like an operating system. In other words, artificial intelligence must cease being a secret system developed solely in the hands of a few giant corporations and become a collective platform contributed by developers, users, and researchers worldwide. 0G is working to build the infrastructure for this very transformation.Of course, this vision isn't limited to the founding team. 0G is also backed by a growing community and partnership network. The ecosystem encompasses a wide range of platforms, from AI researchers and blockchain developers to independent node operators and Web3 startups. For example, partnerships with technology giants like Alibaba contribute significantly to both infrastructure and scalability. Relationships with academic institutions like Stanford University support scientific development. Furthermore, thanks to technical collaborations with other blockchain infrastructure projects like Optimism, 0G's modular system can easily integrate with different networks. Frequently Asked Questions (FAQ)Below are answers to some frequently asked questions about the 0G token:What problem does 0G solve?: 0G addresses the performance, cost, and trust issues that arise when migrating AI applications to the blockchain. While existing general-purpose blockchains are insufficient for AI operations, 0G, with its specialized architecture, offers the speed, low-cost transactions, and verifiable transaction records that AI requires.How is 0G different from other AI blockchain projects?: 0G is unique in offering a full-fledged AI operating system. For example, while Bittensor focuses more on model sharing, 0G provides a complete ecosystem with storage, data, computation, and service layers. Furthermore, setting up nodes on 0G is more accessible hardware-wise, and the project has a strong position with support from major partnerships like Alibaba.How secure is the 0G network?: 0G uses a multi-layered approach to ensure security. There's a fair consensus mechanism that incentivizes node integrity, and Ethereum's EigenLayer protocol also utilizes redistributed security (restaking). This protects the 0G network by leveraging both its own validators and Ethereum's security model.What does the $0G token do?: $0G is the native token of the 0G network and serves multiple functions. It serves as gas for network transactions, serves as a staking reward and incentive for node validators, and provides voting rights in chain governance. In short, $0G is central to both the network's operation and community management.How can I participate in 0G as an individual?: Individual users can participate in the 0G ecosystem in several ways: Because hardware requirements are low, you can contribute to the network's security by running a 0G node. If you're a developer, you can deploy smart contracts and AI applications in 0G's testnet environment and develop projects within the ecosystem. Investors can indirectly participate in the project by trading the $0G token, which is listed on major exchanges (e.g., Binance). Don't forget to stay up-to-date on updates and contribute to testnets by joining project-focused community channels (Discord, forums).You can find the latest analyses, whitepapers, and guides on 0G and the decentralized AI ecosystem in our JR Kripto Guide series.
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5 Nov 2025
Grayscale and Franklin Templeton on the Last Bench for XRP ETF
Grayscale and Franklin Templeton have entered the final stretch for XRP ETF approval. Following Canary Capital and Bitwise, the two major asset managers have updated their spot XRP ETF applications, accelerating the race to market. With the latest guidance from the U.S. Securities and Exchange Commission (SEC) signaling that the process may accelerate, hold clauses in the applications have been removed and operational details have been added. The goal now is to obtain listing permission by mid-November.Look out for November 13thCanary Capital was the first institution to initiate the process by removing the "delaying amendment" clause from its S-1 form. The company is targeting a trading start around November 13th. This move has prompted rivals Grayscale, Bitwise, and Franklin Templeton to similarly update their documents and clarify their market positions. Analysts believe this scenario could result in multiple XRP ETFs launching simultaneously, just days apart.In its updated filing submitted in early November, Grayscale shared details about its governance, custody, and fee structure. The company's XRP Trust ETF plan clearly outlines its product structure for institutional investors. Grayscale's strategy clearly indicates that listings can be made immediately following SEC and exchange approval. This allows the company to gain a first-mover advantage in the spot XRP ETF market.Meanwhile, Franklin Templeton accelerated the process by removing a delaying provision in its S-1 form. With this change, the major fund manager, with $1.5 trillion under management, now transitions to an automatic activation process. This move aims to take advantage of the ease provided by the new rules adopted by the SEC in September. This regulation allows national exchanges to quickly approve spot crypto and commodity ETFs according to general listing standards. This approval process, which used to take months, can now be completed in weeks.Bitwise recently announced its ETF fee structure. This transparent move by the company has set an example for other issuers. All these developments have transformed the XRP ETF launch from a wait for regulatory approval to a full-fledged operational preparation race. With the SEC's latest guidance, exchange infrastructure, custody solutions, and market maker agreements are nearing completion.The simultaneous actions by Grayscale, Franklin Templeton, Canary Capital, and Bitwise are critical for the XRP market. If approvals are received by mid-November, they will significantly improve institutional investor access to XRP. This could strengthen both XRP's market liquidity and the mainstream acceptance of crypto assets.At the time of writing, XRP is down 15 percent on a weekly basis, fueled by the decline in the overall cryptocurrency market, and is changing hands at $2.2183.
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5 Nov 2025
Bitcoin Drops Below $100,000: $1.7 Billion Liquidated
The crypto market is experiencing a sharp sell-off. Bitcoin fell below $100,000, and a total of $1.7 billion worth of leveraged positions were liquidated in the last 24 hours. US-traded spot Bitcoin and Ethereum ETFs also saw a net outflow of $797 million on the same day. Investors are avoiding risk due to hawkish messages from Fed Chair Jerome Powell and the uncertainty created by the US government shutdown.Massive liquidations in the crypto marketAccording to SoSoValue data, spot Bitcoin ETFs saw $577.74 million in outflows. This was the highest daily outflow since August 1st. Fidelity's FBTC fund withdrew $356.6 million, Ark & 21Shares' ARKB fund $128 million, and Grayscale's GBTC fund $48.9 million. A total of seven Bitcoin funds closed with negative flows on the day. This extended a five-day outflow trend that has exceeded $1.9 billion.The situation was similar on the Ethereum side. Spot Ethereum ETFs saw $219.37 million in outflows, with BlackRock's ETHA fund leading the way with $111 million. Grayscale and Fidelity's Ethereum funds also saw outflows. Solana ETFs saw only a small inflow of $14.83 million, the lowest daily net inflow since launch.These fund movements led to sharp liquidations in derivatives markets. In the last 24 hours, $1.78 billion worth of positions were liquidated in the cryptocurrency markets. Long positions accounted for 77 percent of these liquidations, while long trades accounted for 72 percent of the $1.07 billion liquidations over the 12-hour period. An additional $7.1 million was liquidated in the last hour. According to the data, investors quickly closed their leveraged positions, thus deepening the decline rapidly. According to BTC Markets analyst Rachael Lucas, this isn't a "simple pause," but rather a strategic repositioning by institutional investors. "This fifth consecutive day of gains represents a recalibration focused on risk management," Lucas said.Macroeconomic headwinds are also weighing on crypto. Recent statements by US Federal Reserve (Fed) Chair Jerome Powell have weakened the likelihood of a December interest rate cut. This has pushed the dollar index (DXY) back above 100. The strengthening dollar has put pressure on crypto assets, which are highly correlated with technology stocks. Lucas commented, "The unraveling of the valuation bubble in AI stocks could spill over into crypto; the high correlation with the Nasdaq is driving this."Bitcoin fell 2.7 percent to $101,731 in the last 24 hours, while Ethereum fell 4.7 percent to $3,326. The 24-hour period also saw Bitcoin lose support at $100,000 and drop to $99,076. The Fear and Greed Index fell to 21, entering "extreme fear" territory. Experts believe such periods signal periods of increased volatility but also opportunities for long-term investors.
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5 Nov 2025
EDU Comment and Price Analysis - November 4, 2025
EDU/USDT Technical AnalysisOpen Campus keeps attracting attention with its blockchain-based education infrastructure. In October 2025, the project completed a $5 million funding round, advancing its mission to bring Web3 innovation into the education sector, particularly in Asia, with concepts like on-chain student loans. These developments show that EDU is evolving beyond speculation into a token with real-world utility potential. EDU Range District Analyzing the chart, we see that EDU has been trading in a clear consolidation range for an extended period. The price structure reflects a balance between buyers and sellers, forming a stable accumulation zone. The $0.12 area stands out as a major demand zone, where buyers have historically stepped in aggressively. Each touch of this level has triggered strong rebounds. The recent sharp recovery from that zone once again confirms its importance.EDU is currently around $0.165, slightly retracing after testing the upper boundary of the range. This pullback looks healthy, as the $0.158–$0.165 zone now acts as short-term support. Holding above this area keeps the door open for another move toward the $0.18–$0.20 resistance region.On the other hand, $0.142 serves as the first key defense line. A daily close below that could expose the price to a deeper retest of the $0.127–$0.12 base area.Summary• EDU remains within a solid consolidation structure.• $0.12 is the major accumulation and trend-base zone.• Sustaining above $0.158 supports a short-term bullish outlook.• $0.18–$0.20 stands as the next upside target zone.• Below $0.142, risk of a drop back toward the range bottom increases.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.
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4 Nov 2025
ID Comment and Price Analysis - November 4, 2025
ID/USDT Technical AnalysisSPACE ID keeps making headlines with its Web3 domain and identity services such as “.bnb” and “.eth”. The project’s SDK has been integrated into over 330 applications, and compatibility with major exchange wallets is expanding. Thanks to these developments, the ID token is evolving beyond just “buying a domain name”; it’s becoming a core tool for managing digital identity. Falling Channel Structure Analyzing the chart on a daily basis, we see that the coin keeps moving within a descending channel, with the price currently testing the lower trendline. This area is technically critical, as it aligns with both trend support and previous reaction zones. If the price manages to hold above the channel’s lower boundary, the likelihood of a rebound move increases. On the upside, the first resistance stands at $0.1065, followed by $0.1153 and $0.1443, which represent key levels in the mid-to-upper range of the channel. A daily close above this zone could signal a broader recovery phase.On the other hand, the $0.083–$0.085 zone acts as the main support area. A breakdown below it would mean a channel breach, potentially pushing the price toward $0.0675. This makes the current area the last major trend defense zone for bulls.Support and Resistance LevelsSupports: 0.0960 – 0.0830 – 0.0675Resistances: 0.1065 – 0.1153 – 0.1443 – 0.1805These 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.
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4 Nov 2025
UBS and Chainlink Complete First Tokenized Fund Transaction
UBS has taken a significant step in the digitization of investment funds. The bank completed its first on-chain fund redemption using Chainlink's Digital Transfer Agent (DTA) infrastructure. This transaction enabled the integration of the $100 trillion global funds industry with blockchain technology.Chainlink was used in UBS's transactionThe transaction was conducted using the "UBS USD Money Market Investment Fund Token (uMINT)," tokenized on Ethereum. This move by UBS was one of the first practical examples of how blockchain technology can be integrated with traditional finance. DigiFT, acting as the on-chain distributor, completed the redemption process using Chainlink's DTA standard. The transaction, initiated from UBS's own systems, was automatically executed thanks to the Chainlink infrastructure.Mike Dargan, UBS Group Technology Manager, stated that this development highlights the importance of smart contract-based infrastructures in the funds industry, saying, "This transaction is a milestone that enhances the investor experience and streamlines operational processes." Dargan emphasized that tokenization will increase efficiency in the financial sector and open up new possibilities for product design.UBS's platform, dubbed "Tokenize," aims to bridge the gap between digital assets and traditional financial systems. By automating critical functions such as order taking, execution, and reconciliation, the platform aims to reduce both operational complexity and processing time. This automation is expected to yield significant efficiencies, particularly in high-volume transactions such as money market funds.This development complements UBS's recent pilot project with Chainlink and SWIFT. In that project, banks' existing systems were connected to the blockchain infrastructure using Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment technologies. This connection enabled fund transactions to be processed on-chain using the ISO 20022 message format.Given the size of the funds sector, the impact of this integration could be significant. The global funds industry, with a market capitalization exceeding $100 trillion, has long faced efficiency challenges due to bureaucracy and delays in transaction processing. This move by UBS demonstrates that tokenization can transform not only investment products but also back-end operations. Such on-chain transactions could pave the way for future innovations such as instant fund redemption, simplifying cross-border payments, and allowing investors to monitor their assets 24/7.
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4 Nov 2025
DeFi Platform Suffers $93 Million Loss: Transactions Halted
Stream Finance is facing a major crisis in the decentralized finance (DeFi) ecosystem. The company announced that it has suspended all deposits and withdrawals following a $93 million loss reported by an external fund manager. Following the incident, a comprehensive investigation led by international law firm Perkins Coie LLP was launched.In a statement on X (formerly Twitter), the Stream Finance team announced that the fund manager reported the loss on Sunday and that urgent measures were being taken to secure the assets. The company stated, “We are in the process of withdrawing all our liquid assets and expect this process to be completed shortly. We will not resume deposits and withdrawals until we fully understand the scope of the incident.” Perkins Coie LLP, which is conducting the investigation, has appointed attorneys Keith Miller and Joseph Cutler, known for their experience in the crypto and finance sectors. The firm has previously worked with fintech companies, providing consulting on compliance, cybersecurity, and internal audit processes. Stream Finance stated that this step demonstrates its commitment to the principles of “transparency and strong corporate governance.” The stablecoin price fell below $1.However, the impact of the incident wasn't limited to Stream Finance. The protocol's stablecoin, Staked Stream USD (xUSD), quickly lost its dollar peg. According to PeckShield data, xUSD fell to $0.51, breaking away from its $1 target. Analysts warn that this collapse could trigger a cascading wave of liquidations.Platforms using xUSD as collateral include major lending protocols such as Euler, Morpho, and Silo. The total amount of collateral tied to Stream Finance on these platforms is estimated to exceed $280 million in debt and loans. Pseudonymous analyst YAM emphasized that this figure only includes direct collateral; indirect exposures, particularly the complex credit loops established with derivatives like USD, are not taken into account.Stream Finance was previously a DeFi protocol known for its recursive looping, or repeating return models. This structure, which allowed users to earn higher interest by reinvesting their collateral, also carried high risks depending on market conditions. The company recently filed a complaint regarding DefiLlama's TVL (Total Locked Value) calculation method. DefiLlama stated that it did not accept Stream's model as "true TVL," and Stream began displaying the total of user deposits and strategic assets separately on its website.DeFi experts believe this incident will increase awareness of the risks associated with complex yield strategies in the industry. "This clearly highlights how yield is generated and how risky strategies that don't align with standard metrics can be," said Minal Thurkal, Head of the DeFi ecosystem at CoinDCX.Stream Finance's suspension of withdrawals until the investigation is complete has severely shaken user confidence. The company announced that it will provide regular updates on the process in the coming days. However, how this $93 million loss will be recouped and the extent to which investors will be compensated for their losses remains unclear.
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4 Nov 2025
Sharp Correction in the Crypto Market: Bitcoin and Altcoins Drop
The crypto market was caught in a sharp sell-off again in the first week of November. Bitcoin tested below $105,000 for the first time in three weeks, while altcoins experienced even deeper losses. The combination of fear and liquidity squeeze across the market significantly reduced investor risk appetite. With Bitcoin's decline, the Crypto Fear and Greed indicator dropped from 42 to 21, reaching the "Extreme Fear" level. This was its lowest point in seven months. The last time the index fell this sharply was in April. At the time of writing, the index was down 29 percent. According to experts, there are multiple reasons behind the sell-off. The first factor is the lack of liquidity in the market. According to analyst Michaël van de Poppe, the circulating supply of many altcoins is limited. If only 10% of the total supply is traded, a large sell order can easily destabilize the market. Because the order books lack sufficient depth, the decision by a few large investors to sell can quickly drive prices down. This makes altcoins both more vulnerable to declines and more reactive to rises. Van de Poppe says, “Be patient. The cycle is not over. Altcoins may recover more strongly when liquidity returns.”Another pressure factor in the market is Bitcoin's increasing dominance. Bitcoin, which holds more than 60% of the total market capitalization, is causing capital outflows from altcoins. As dominance increases, investors are turning to BTC again as a safe haven, accelerating the weakening of altcoins.On the macro front, the liquidity shortage in the US is negatively impacting cryptocurrencies. The government shutdown and Treasury spending cuts have reduced cash flow in the market. The accumulation of approximately $1 trillion in the Treasury General Account (TGA) has reduced reserves in the system and pushed up money market interest rates. This squeeze has led to a flight from risky assets. Furthermore, cautious statements from Fed Chair Jerome Powell accelerated the sell-off. While markets were anticipating further interest rate cuts, Powell's message that "we won't rush" disappointed investors. Bitcoin fell below $108,000, while leading altcoins like Ethereum and Solana lost between 6-8 percent of their value. Trading volumes have decreased by nearly 40 percent since mid-October.What lies ahead?However, the outlook isn't entirely bleak. Historically, when Bitcoin dominance peaks and altcoins are weak, a strong altcoin rally usually follows. Experts suggest that the Fed could become dovish again (dovish, positive monetary policy) if the US government resolves the shutdown and economic data weakens. Such a scenario could trigger a potential liquidity expansion or a new wave of quantitative easing in 2026. In short, the crypto market is currently under pressure from shrinking liquidity, rising fear, and Bitcoin-centric capital influx. However, such periods can herald a new bullish cycle for patient investors.
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4 Nov 2025
What is PayPal USD (PYUSD)?
At a time when digital payments are gaining momentum and users are seeking speed, low costs, and security, PayPal USD (PYUSD) was developed to address these needs. Launched in collaboration with PayPal and Paxos, PYUSD is a stablecoin pegged to the US dollar. Backed 100% by cash and short-term Treasury bonds, this digital asset aims to build a robust and reliable bridge between traditional finance and the Web3 world. Running on Ethereum (ERC-20) and Solana (SPL), PYUSD allows PayPal and Venmo users to transfer value in seconds with low fees. Token issuance and redemption occur through Paxos Trust, and all reserves are transparently audited. The NYDFS license and PayPal's BitLicense provide the project with a strong regulatory foundation.Let's take a detailed look at what PYUSD offers, how it works, and why it is rapidly gaining importance in both the individual and corporate worlds.PYUSD Definition and OriginPayPal USD, or PYUSD for short, is a stablecoin developed by digital payments giant PayPal in collaboration with Paxos Trust, a regulatory-compliant blockchain company. PYUSD's key feature is that each token is pegged to $1. It is 100% backed by cash and short-term Treasury bonds. This means that when a user holds 10 PYUSD, they are actually holding $10 worth of cash or government bonds in Paxos's controlled reserves. This provides both security and a stable digital store of value. PYUSD is always trading around $1. PYUSD was created to offer a fast, low-cost, and secure payment solution in the digital economy. PayPal wants both individuals and businesses to be able to conduct their daily transactions via its blockchain infrastructure. Specifically, it aims to build a secure bridge between fiat money (i.e., traditional USD) and the crypto world. In other words, with PYUSD, users can easily convert their PayPal balance into digital form and convert it back to traditional USD when needed. This two-way bridge structure makes PYUSD a highly practical solution.As a technological infrastructure, PYUSD was initially implemented as an ERC-20 token on the Ethereum network. However, over time, it will be ported to the Solana network, which stands out for its scalability and low transaction costs. With the launch of Solana support in May 2024, PYUSD will be much faster and cheaper to transfer. This is a significant step for a user-friendly brand like PayPal to offer stable value across different networks. This structure, which combines Ethereum's secure and widespread ecosystem with Solana's speed advantage, provides flexibility for both developers and ordinary users. Paxos manages this entire process transparently and in compliance with regulations. It reports its PYUSD reserves monthly through independent auditors. These reports are made publicly available for everyone to access. Furthermore, Paxos, the issuer of PYUSD, is licensed by the New York Department of Financial Services (NYDFS). Similarly, PayPal obtained a BitLicense in 2022, ensuring PYUSD's fully regulated market presence. Users can instantly convert their balances from their US PayPal or Venmo accounts into PYUSD and back to USD with equal ease. Furthermore, PYUSD can be sent to other wallets, used for online purchases, or traded on supporting exchanges. This flexibility makes it a functional tool in both the traditional finance and cryptocurrency worlds.PYUSD History: Key MilestonesPYUSD has experienced rapid growth since its launch. PYUSD quickly expanded into a broad ecosystem, both in terms of technical infrastructure and user access, and is solidifying its place in the stablecoin space with significant partnerships and strategic integrations. Here are the milestones in this process:August 2023 – Launch: PayPal officially announced PYUSD on August 7, 2023. Led by CEO Dan Schulman, this announcement symbolized PayPal's entry into the digital currency world. It was emphasized that PYUSD would be launched in partnership with Paxos Trust and fully licensed.September 2023 – Venmo integration: On September 20, 2023, PYUSD was integrated into the Venmo app. Users could now buy and sell PYUSD and make fast and free transfers between their PayPal and Venmo accounts. With this development, the NYDFS also added PYUSD to its "green list," solidifying its regulatory acceptance. Fall 2023 – Exchange and wallet support: PYUSD was listed on leading crypto exchanges such as Crypto.com, Coinbase, Kraken, and Bitstamp towards the end of the year. It was also integrated with popular wallets such as MetaMask, Ledger, and Phantom, as well as institutional custody platforms such as Fireblocks and Copper. Support for payment services such as BitPay increased its potential for daily use.March 2024 – Free transfers with Xoom: PayPal integrated PYUSD into its cross-border transfer platform Xoom. This initiative allowed users to send money with PYUSD to many locations around the world without any exchange rate differences or transaction fees.May 2024 – Release on the Solana network: At Consensus 2024, it was announced that PYUSD now runs on the Solana network. Solana's high transaction capacity and low cost made PYUSD transfers much more efficient. Around the same time, Paxos began publishing monthly audit reports on reserves.2025 - 2025 saw significant developments in regulation, technology, and adoption for PYUSD. In February, the US Securities and Exchange Commission (SEC) closed its 15-month investigation into PYUSD without imposing any sanctions. Around the same time, PYUSD was temporarily removed from some European exchanges (e.g., Kraken) due to the European Union's MiCA regulation coming into effect. PayPal announced that PYUSD had exited the experimental phase and aimed to roll it out to 20 million businesses by the end of 2025. It also planned to support freelancers with bulk payments through Hyperwallet. In June, plans were announced to integrate PYUSD into the Stellar network, making it more widely available in microfinance and remittance platforms with faster and lower-cost transactions. The "Pay with Crypto" platform, launched in July, allows businesses to receive crypto payments from over 100 wallets, store these payments as PYUSD, and earn returns of up to 4%. In August, PYUSD entered the top 10 stablecoins list by forming a $1 billion liquidity partnership with Spark in the DeFi space. As a result of these developments, PYUSD's market capitalization surpassed $2.8 billion in October, with an average daily trading volume of $100 million. Why is PYUSD Important?PYUSD offers a unique user experience by combining the speed and security advantages of blockchain with the familiar structure of traditional finance. With its 24/7 infrastructure, transfers occur in seconds, making global money transfers much more convenient for both individuals and institutions. Furthermore, these transactions are secured by reserves backed by 100% cash and short-term US Treasury bonds. Thanks to independent audit reports regularly published by Paxos, the exact value of PYUSD is transparently verified.PYUSD largely eliminates the high transaction fees and long waiting times associated with traditional cross-border transactions. PYUSD transfers between PayPal and Venmo are completely free, while transactions made through other networks are also quite low-cost. Being able to trade with a stable asset, especially for large transactions, protects users against exchange rate fluctuations and increases operational efficiency.One of PYUSD's biggest distinguishing features is its strict regulatory compliance. Paxos's New York Department of Financial Services (NYDFS) license and PayPal's BitLicense demonstrate that this stablecoin operates in full compliance with regulations. This provides a significant level of trust, particularly for institutional investors and large businesses.PYUSD also boasts significant user access. Its integration with PayPal and Venmo allows millions of users to access this digital dollar with a single click. Furthermore, because PYUSD is traded on major exchanges like Coinbase and Crypto.com, it appeals to a broad audience of investors and developers. The use of PYUSD, particularly in DeFi protocols and liquidity pools, is becoming increasingly widespread, making it an important tool in both traditional and decentralized finance. Finally, one of the most striking aspects of PYUSD is its ability to serve as a functional bridge between fiat and the crypto ecosystem. Users can easily convert their dollar balances into PYUSD, use them in the blockchain environment, and convert them back to fiat dollars when needed. This two-way ease of use holds great potential for the future of financial systems. PYUSD thus builds a seamless and secure bridge between the digital and traditional worlds.PYUSD Model: Economics, Reserves, and Issuance MechanismPYUSD's token economics model also adds value to the coin. PYUSD is designed as a stablecoin that aims to maintain the peg of 1 PYUSD = 1 US dollar. To maintain this value, its reserves consist of 100% cash and short-term Treasury bonds. Paxos holds these reserves in dedicated accounts under the supervision of the NYDFS and publishes independent audit reports monthly, ensuring both regulatory compliance and user trust.The token issuance and redemption process is highly transparent: Users can acquire PYUSD by depositing USD through their PayPal or Venmo accounts; Similarly, they can convert PYUSD back to USD at any time. PYUSD initially launched as an ERC-20 token on Ethereum and expanded to the Solana network by 2024. Integration with other networks such as Stellar and Polygon is planned for the near future. This multi-network strategy increases PYUSD's accessibility and transaction efficiency.PYUSD UsesFurthermore, PYUSD offers many practical uses for everyday users and businesses. It enables low-fee transfers, particularly for cross-border payments. Transactions between PayPal and Venmo are free, while international money transfers with services like Xoom are also becoming faster.With the on/off-ramp feature, users can directly switch between USD and PYUSD without using a bank or exchange. This feature simplifies crypto access. Furthermore, merchants accepting PYUSD receive payments instantly at a fixed dollar value, reducing exchange rate risk and transaction time. On the institutional side, PYUSD is used in both treasury management and DeFi applications (liquidity pool, lending, collateral). Integration with PayPal wallets provides a seamless experience within the digital ecosystem, while also being tradeable on external wallets and major crypto exchanges.PYUSD's Future and RoadmapFinally, PYUSD's future also adds value to the coin. PYUSD's future plans are focused on multi-chain expansion, global regulatory compliance, and institutional integration. Following Ethereum and Solana, it is expected to become active on networks such as Stellar, Arbitrum, and Polygon. Furthermore, bridge protocols like LayerZero will increase PYUSD's portability across blockchains.PayPal is also keen to expand PYUSD beyond the US. Once compliance with international regulations like MiCA is achieved, its use in Europe and other regions could expand. A focus is being placed on bank and fintech partnerships to increase institutional adoption.Transparency will become even more important in the future: Paxos's monthly audit reports may increase in frequency, and real-time verification systems may be implemented. Additionally, reward programs such as interest or cashback are also on the agenda to incentivize users. Finally, the use of PYUSD in next-generation financial products (e.g., token-based derivatives or digital insurance) could become widespread.Who are the Founders of PYUSD?PYUSD is backed by two powerful names: PayPal, a pioneer in digital payments, and Paxos Trust, which provides a fully compliant stablecoin infrastructure. PayPal CEO Dan Schulman emphasizes the need for reliable tools that can integrate with both the fiat and blockchain worlds for the widespread adoption of digital assets. He believes PYUSD directly addresses this need. Paxos CEO Charles Cascarilla describes PYUSD as "the first stablecoin issued by a leading financial institution" and sees this move as a significant advancement in the digital asset world. Jose Fernandez da Ponte, Head of PayPal's Blockchain and Crypto Group, stated that the primary goal in PYUSD's design was to provide "a fast, simple, and low-cost payment solution for commerce." This visionary leadership approach makes PYUSD a strategically strong product.From the ecosystem perspective, PYUSD is also progressing with significant support. Global crypto exchanges like Crypto.com, Coinbase, and Kraken currently list PYUSD; popular wallets like MetaMask, Ledger, and Phantom support this digital dollar. On the institutional side, secure custody services like Fireblocks and Copper continue their PYUSD integrations. In terms of payment systems, shopping with PYUSD is now possible thanks to service providers like BitPay. Moreover, PayPal's services, such as Venmo and Xoom, make individual-to-individual and country-to-country transfers of PYUSD more accessible. This broad partnership structure provides easy access to PYUSD for both individual users and corporate actors.Frequently Asked Questions (FAQ)Below are some answers to your questions about PayPal's PYUSD:What is the difference between PYUSD and PayPal Balance? A PayPal balance is a digital fiat account used only within the PayPal/Venmo ecosystem. PYUSD, on the other hand, can be converted from this balance, but it is a crypto asset that can travel on the Ethereum/Solana networks. This means you can send PYUSD to wallets other than PayPal or use it on supporting services. Every 1 PYUSD is worth exactly 1 USD, guaranteed by Paxos.How are PYUSD reserves verified? Paxos publishes independent audit reports every month. These reports document the total value of cash and bonds held against PYUSD. Furthermore, the records are checked by certified independent auditors, allowing users to confirm that the reserves are 100% mutual.Which blockchains is PYUSD valid on? PYUSD was initially released on Ethereum (ERC-20 token). Support for Solana (SPL) was added in May 2024. PayPal and Venmo wallets display their balances as a single account on both networks. Network connections to Arbitrum, Polygon, and others are also planned for the future.Why do corporates use PYUSD? PYUSD offers low costs and fast settlements for cross-border payments. Its transparent reserve structure and auditability make it compliant with financial regulations. Large companies can mitigate risk by holding excess cash in Treasury bonds and access digital payment infrastructures with PYUSD. In short, it provides operational efficiency and compliance advantages.Can individuals use PYUSD? Yes. PYUSD is available to individuals in the US with eligible PayPal or Venmo accounts. These users can buy and sell PYUSD directly within PayPal/Venmo. It can also be accessed by purchasing PYUSD from exchanges like Coinbase and Crypto.com or from supporting wallets. This means that individuals can also access PYUSD, albeit with limited access.You can find the most up-to-date analyses, tools, and guides on PYUSD and the stablecoin ecosystem in the JR Kripto Guide series.
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3 Nov 2025
The Powell Effect: Bitcoin Funds Exit, Solana, and Flow into 6 Altcoins
Crypto asset investment products recorded a total net outflow of $360 million last week. This decline is primarily due to Fed Chair Jerome Powell's emphasis that a new interest rate cut in December is "not a certainty." Powell's cautious remarks have plunged investors into uncertainty, dampening risk appetite.CoinShares data draws attention: Bitcoin's significant outflowAccording to CoinShares data, the United States is at the center of these outflows. US-based funds saw $439 million in outflows, partially offset by inflows of $32 million from Germany and $30.8 million from Switzerland. Canada also closed the week in positive territory with $8.5 million in flows. Sweden, on the other hand, recorded an outflow of $11 million.Bitcoin ETFs were the hardest-hit product group, with $946 million in outflows for the week. Despite the interest rate cut, Powell's "hawkish" rhetoric reiterated Bitcoin's sensitivity to monetary policy. While Bitcoin's total assets under management fell to $175.6 billion, the year-to-date inflow of $29.4 billion remained.Solana was the star of the week. Driven by the launch of new Solana ETFs in the US, the funds saw $421 million in inflows. This figure marked the second-highest weekly inflow in Solana's history. This brings SOL's total positive year-to-date inflow to $3.3 billion. Ethereum also saw $57.6 million in inflows. However, daily flow data suggests investors remain hesitant. Nevertheless, it's noteworthy that Ethereum maintained its strong year-to-date inflow of $14.3 billion. XRP also closed the week positive with $43.2 million in positive flow, bringing its total year-to-date inflow to $1.97 billion.The picture was mixed for smaller altcoins. Sui saw $9.4 million inflows, Litecoin $1.5 million, Cardano $700,000, and Chainlink $500,000. Multi-asset funds saw a small inflow of $8.3 million, while Zcash remained stable. However, the "other" category saw a notable outflow of $43 million.Among fund providers, iShares ETFs led the way with $390 million in outflows. Fidelity's Wise Origin Bitcoin Fund saw $156 million, Bitwise $92 million, and ARK 21Shares $76 million. ProShares and 21Shares AG also saw positive outflows, with $47 million and $21 million, respectively.While a total of $49 billion has flowed into digital asset funds since the beginning of the year, fluctuations in recent weeks suggest that investors are still closely monitoring Fed policy.
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3 Nov 2025
Balancer Suspected in $70 Million Hack Attack
Balancer, one of the established protocols in the DeFi ecosystem, was rocked by suspicions of a major cyberattack in which approximately $70.9 million in assets were stolen. On-chain data indicates that the funds were transferred to a new wallet and the attacker began consolidating the assets. This raised concerns about possible money laundering and asset hiding attempts.Hack Suspicion for BalancerAffected assets include 6,850 osETH, 6,590 WETH, and 4,260 wstETH. Data indicates that the attack occurred on Balancer's second version (V2). Balancer has long held a prominent position in the decentralized finance world, a protocol with approximately $750 million in total value locked (TVL).Following the attack, the price of Balancer's native token, BAL, fell by more than 5 percent. Market data shows that BAL has been declining significantly since its peak on Monday. The Balancer team hasn't yet released an official statement, but this is the project's third major security breach in the last four years. Two separate attacks, in 2021 and 2023, also resulted in millions of dollars in losses.According to data shared by the on-chain analytics platform Lookonchain, the attacker's wallet experienced a total outflow of approximately $70.6 million worth of assets. Ethereum-based assets appear to predominate among these funds. Experts suggest the attacker may have attempted to move funds through mixers or interchain bridges. This method complicates cryptocurrency tracing and is often used in money laundering attempts.Different scenarios are being floated within the community regarding how the attack occurred. Some analysts suggest a smart contract vulnerability in Balancer V2 pools may have been exploited, while others believe the attack stemmed from an unrelated protocol management error. Security researchers are currently examining the on-chain activity in detail to trace the funds and identify the attack vector.The community expects an immediate statement from the Balancer team and a potential restitution plan. The extent and impact of the attack will become clearer in the coming days, but this $70 million incident has already gone down as one of the largest security incidents of 2025 in the DeFi ecosystem.
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3 Nov 2025