News
Altcoin News
Browse all Altcoin related articles and news. The latest news, analysis, and insights on Altcoin.
Google has announced a new open-source payment protocol that will facilitate money transfers between AI applications. According to Fortune, this system will support not only traditional payment methods like credit and debit cards but also stablecoins. The integration of stablecoins, also known as cryptocurrencies pegged to the US dollar, is a critical development.Google Worked on Stablecoins for AI ApplicationsThe company partnered with Coinbase to ensure stablecoin compatibility. Coinbase was already developing its own AI and crypto payment infrastructure. In addition to the Ethereum Foundation, more than 60 organizations, including American Express, Salesforce, and Etsy, contributed to the development of this protocol. James Tromans, President of Google Cloud Web3, said, “When designing the system from scratch, we considered both existing payment infrastructures and future innovations like stablecoins.”This development is driven by the rapidly rising AI "agent" trend. Agents are algorithms that perform specific tasks on behalf of the user. Some write code, while others shop at online stores. A common view in the tech world is that in the near future, AIs will communicate directly with each other. If this scenario materializes, an AI financial advisor will be able to find the best mortgage by talking to digital representatives from different banks; or a virtual shopping assistant will be able to interact with the AI of a clothing store to purchase the right product for the user.Google Releases ProtocolBuilding on this prediction, Google released a protocol last April to allow agents to communicate with each other. The new payment protocol announced now expands this framework. This aims to ensure that financial transactions between the two AI agents are secure, transparent, and aligned with user intent.Erik Reppel, head of engineering at Coinbase, stated that Google and its payment infrastructures have been aligned, saying, "Our goal is to enable AIs to transfer value to each other."This move demonstrates that Google is one of the few major tech companies openly interested in stablecoins. With the advent of a more crypto-friendly government in the US, companies like Apple, Meta, and Airbnb are also reportedly working on stablecoin integration. In June, Shopify announced that it would offer stablecoin payments to its users before the end of the year.

TON Technical AnalysisAnalyzing TON chart on a daily time frame, we see that there is a clear symmetrical triangle formation and that the price has been trading between the upper and lower trendlines for some time now. TON is currently trading around the level at $3.17. We know that such formations usually result in a sharp move upward.We have the key support at $3.12. The price is highly likely to move toward the upper border if it does not fail to hold above this key support level. The price will meet the resistance levels at $3.26 and $3.31. Above these resistance levels, TON could go up to test $3.61 and $3.71 if it can hold above $3.26 and $3.31.According to a bearish scenario, the zone between the levels $2.99 and $2.94 is a key area. If the price closes below this area, it is possible to test $2.81. Symmetrical Triangle Formation SummaryCurrent price is $4.53, showing a short-term positive trend.Holding above $4.44, the first target is $4.93.Closing above $4.93 opens the way to $5.10–$5.60.Technical breakout targets are $6.18, $6.39, and $7.10.Main long-term target is $8.40.Losing $4.06 support may lead to drops toward $3.80 and $3.30.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.

The US Federal Reserve (Fed) is preparing for one of the most critical meetings of 2025. The interest rate decision, to be announced tomorrow, September 17th, is thought to open the door to the first interest rate cut of the year. According to CME FedWatch Tool data, markets have priced in a 96% probability of a 25 basis point cut. This suggests that the decision is largely anticipated, and markets are positioning accordingly. The Fed's September meeting will take place on September 16th and 17th. The critical interest rate decision will be announced on Tuesday, September 17th at 9:00 PM Turkish time. Markets are already fixated on this time; the press conference to be held by Jerome Powell following the decision will be the most important development that will shed light on the rest of the year.However, the most decisive factor will be the press conference held by Fed Chair Jerome Powell after the meeting. Powell's messages will provide clues about how monetary policy will be shaped for the rest of the year. Some economists argue that the Fed should act more aggressively and cut interest rates by 50 basis points. However, most analysts view this possibility as unlikely. Regardless of the outcome, one person is certain to be unhappy with this process: US President Donald Trump. Trump has long referred to Powell as "Too Late Jerome," criticized his slow pace on interest rate cuts, and even demanded his resignation. Citing the European Central Bank and the Bank of England's multiple rate cuts throughout the year, Trump accuses the Fed of delays.Optimism dominates Bitcoin and other marketsThe general market sentiment is optimistic for now. The S&P 500 index opened the week at record highs. This rise was driven not only by interest rate expectations but also by Elon Musk's $1 billion purchase of Tesla shares. On the crypto side, Bitcoin has rebounded after weeks of sideways movement. If the largest cryptocurrency can surpass its 30-day high of $118,595, an attempt to break above the historic record of $124,457 could be on the horizon. The psychological barrier of $5,000 also appears critical for Ethereum.However, experts also highlight the risks. The S&P 500 index has gained a remarkable 72 percent since the beginning of 2023. Some believe this momentum, fueled by investments in artificial intelligence, has overheated. The crypto market has seen a much sharper rise. Bitcoin has gained 600 percent in the last two and a half years, Ethereum 275 percent, and XRP 780 percent. Therefore, the possibility of a potential correction remains.Steve Sosnick, chief strategist at Interactive Brokers, stated that the Fed could signal a "hawkish interest rate cut" this week when announcing its decision. He noted that markets have largely priced in the reduction, but that future expectations could be tempered. According to him, even if the Fed implements the cut, it may want to dampen excessive optimism about the future. He noted that inflation remains uncontrolled, and that core CPI and PCE are rising again.New Development at FedA new development has occurred that will impact decision-making at the Fed. The Senate has approved Stephen Miran as the replacement for Adriana Kugler, who left office in August. Miran, who won a narrow 48-47 vote, will remain on the board until January 2026. It is known that Miran believes interest rate cuts are overdue, so this will strengthen his support for a reduction in decisions to be made this week. There are even speculations in the US press that Miran may eventually become a candidate to replace Powell as Fed chair.In short, the key factor in market direction will not only be the magnitude of the rate cut, but also the signals Powell delivers at his press conference. On the one hand, there is pressure from Trump and the election atmosphere, and on the other, overheated stock markets due to inflation concerns. The crypto market, once again, stands out as a "risky asset" in this equation. Investors will be keeping an eye on announcements from Washington this week.

A historic development is underway in the US crypto markets. Two new exchange-traded funds (ETFs), developed in collaboration with REX Shares and Osprey Funds, are now available to investors, covering XRP and Dogecoin. These products, approved by the US Securities and Exchange Commission (SEC), demonstrate that the crypto market is not limited to Bitcoin and Ethereum, and that regulators are also opening the door to altcoins.The XRP ETF (ticker: XRPR) will be listed under the Investment Company Act of 1940 (40 Act), a well-established US legislation. This automatically ensures the fund's entry into force; the process can only be halted if the SEC issues a clear objection. This method offers a more secure and auditable framework for investors. At least 40% of the fund will focus directly on XRP, while the remaining portion will provide exposure through other spot XRP ETFs and derivative products. This will provide investors with both direct and indirect access to XRP price movements. Dogecoin is also making a first for its time. The REX-Osprey Dogecoin ETF (DOJE), which will begin trading on September 18th, holds the title of being the first meme coin ETF in the US. Analysts say this move reflects increased investor risk appetite and interest in projects characterized by community power. The Dogecoin ETF is important not only for price speculation but also for its connection to traditional finance and internet culture.Analysts Approval ReceivedBloomberg analyst Eric Balchunas announced in a social media post that both the XRP ETF and the Dogecoin ETF have been approved under the same prospectus and will begin trading on Thursday. Another analyst, James Seyffart, emphasized that the XRP ETF is not a "pure" spot product, stating that the fund will hold assets directly and take positions through other ETFs. REX-Osprey's interest in altcoin-focused products is not new. The company launched the Solana staking ETF in the first half of the year and also filed applications for BNB staking ETFs and Solana-based meme coin ETFs like TRUMP and BONK.Developments aren't limited to REX-Osprey. Canary Capital's planned Litecoin ETF launch in October, Bitwise's Avalanche ETF application, and Grayscale's Hedera and Dogecoin funds are all awaiting SEC review. According to Bloomberg data, more than 90 altcoin ETF applications are currently in the approval process.While the SEC's stance on crypto ETFs has been largely cautious, recent approvals signal a shift in the agency's approach. Following Bitcoin and Ethereum, opening up assets with diverse profiles like XRP and Dogecoin to investors through ETFs could bring the crypto ecosystem into wider reach.

Digital payments giant PayPal has taken a new step in expanding its support for cryptocurrencies. The company has introduced a new peer-to-peer (P2P) payment feature called "PayPal Links." Users can now request payments through personalized one-time links, using Bitcoin (BTC), Ethereum (ETH), and the company's own stablecoin, PYUSD. The feature is rolling out first in the US and is planned to expand to the UK, Italy, and other countries by the end of the year. PayPal Links is an improved version of the existing PayPal Me system. Previously, the requester had to manually enter the amount. In the new system, users can specify the payment amount before sharing the link and personalize their requests by adding notes or emojis. Upon acceptance, the funds are instantly credited to the account. Unused links automatically revoke within 10 days, and a reminder option is also available.One of the most important aspects of this innovation for crypto users is that personal transfers made through PayPal and Venmo are exempt from tax reporting in the US. Gifts, expense sharing, or debt-credit transfers between friends will not be subject to a 1099-K form. This could make crypto transfers easier to use in daily life.Another notable development announced by PayPal is that this move is part of the company's global payment infrastructure, which it calls "PayPal World." PayPal World is an initiative that aims to connect billions of digital wallets. This will allow crypto transfers not only to PayPal and Venmo wallets but also to compatible external wallets. This step is considered to be closer to the peer-to-peer payment vision defined in Bitcoin's white paper.According to the company's statement, PayPal's P2P and consumer payments grew by 10 percent year-over-year in the second quarter of 2025. Venmo, on the other hand, reached its highest total payment volume in three years. This momentum, combined with PayPal's crypto-enabled solutions, is expected to increase the company's influence in the global digital payments market. PayPal entered the crypto space in 2020PayPal entered the market by launching crypto trading in 2020 and launched the PYUSD stablecoin in partnership with Paxos in 2023. PYUSD, currently the 11th largest stablecoin with a market capitalization of approximately $1.3 billion, is also the backbone of the "Pay with Crypto" feature. This feature allows small businesses to accept payments in dozens of cryptocurrencies. PayPal has also begun supporting popular tokens like Chainlink (LINK) and Solana (SOL).According to experts, PayPal's move is a significant step toward transforming crypto from a mere buy-sell or investment tool into a usable tool for everyday payments. The World Bank has stated that stablecoins offer a cost advantage of up to 90% in cross-border remittances. In contrast, institutions like the Bank for International Settlements (BIS) still consider stablecoins to be "assets" rather than "money." PayPal shares (PYPL) are currently trading at $67.11, giving the company a market capitalization of $65 billion. With new P2P features and crypto support, PayPal is expected to further increase its presence in the digital payments ecosystem.

Digital asset investment products saw a strong recovery last week, recording a total inflow of $3.3 billion. This move brought assets under management (AuM) to $239 billion, revisiting the record high of $244 billion set in early August.Looking at the details of CoinShares' weekly report, the most striking development was the renewed focus on Bitcoin and Ethereum. Bitcoin funds accounted for the largest share of the week with $2.4 billion inflows. This brings Bitcoin's total investment to over $23.7 billion since the beginning of the year, bringing its asset size to $182 billion.The situation was even more striking on Ethereum. After eight consecutive days of outflows, investor sentiment reversed. Ethereum funds recorded inflows for four consecutive days last week, raising a total of $646 million. While there were still $265 million in outflows on a monthly basis, Ethereum's assets under management remained above $40 billion.One of the surprises of the week was Solana. Solana funds saw the highest daily inflow in their history on Friday, attracting $145 million in inflows in a single day. Solana, which attracted a total of $198 million in weekly investments, once again demonstrated that institutional investors are shifting their focus to alternative networks.What's the latest on altcoins?XRP funds also showed a positive performance with $32.5 million in inflows, while Sui saw $14 million, Chainlink $1.5 million, and Cardano $1 million. Among smaller-scale funds, Cronos and Litecoin finished the week positive with limited investments of $300,000 and $5 million, respectively. Meanwhile, multi-asset funds saw $1.1 million in outflows. Altcoins in the "Other" category saw a total inflow of $3.4 million, but net outflows of $361 million since the beginning of the year remain significant. The US maintained its clear lead in regional distribution, with $3.2 billion in inflows to US-based funds alone. Germany stood out with a contribution of $160 million, followed by Canada with $14 million and Hong Kong with $5.4 million in inflows. Meanwhile, Switzerland saw outflows of $92 million and $5.6 million, respectively.By provider, iShares/USA funds stood out with $1.1 billion, and Fidelity's Bitcoin fund with $850 million. Despite receiving $147 million in inflows, Grayscale funds remain in negative territory with outflows of nearly $1.6 billion since the beginning of the year. Bitwise and ARK funds also closed the week with inflows of $183 million and $180 million, respectively.The overall picture suggests an increase in risk appetite due to macroeconomic data from the US falling short of expectations. Digital asset funds are once again attracting institutional capital, particularly led by Bitcoin, Ethereum, and Solana. Inflows into altcoins such as XRP, Sui, Cardano, and Chainlink demonstrate that investors continue to diversify. If this trend continues, assets under management are expected to test the historic high of $244 billion again soon.

SHELL Technical AnalysisAnalyzing SHELL chart on a daily time frame, we can clearly see that there is a descending channel pattern. The price of the coin bounced from the lower border of the channel and has now reached the upper border of it. This level intersects with the short-term downtrend line and the horizontal resistance level $0.1450–$0.1500, which worked as a resistance previously. We will get the first signal of the trend shift technically if we can see daily closings above the range between the levels $0.1450–$0.1500. Trending Theme It is clearly seen on the chart that the level $0.1317 has played a crucial role for some time via support/resistance flips. SHELL is currently trading at around the level $0.1420, and the next horizontal resistance levels $0.1682, $0.1800, and the zone between the levels $0.1937–$0.2100 would be the targets if the price can hold above $0.15. The door for a wider bullish structure on the weekly chart could be opened if we see a daily close above $0.1937.According to a bearish scenario, the price could pull back to the support area $0.1317–$0.1350 if it gets rejected from the resistance and the channel’s upper border. We should be following this zone in particular as it aligns with both the channel’s midline and horizontal support. The range between the levels at $0.1200–$0.1100 could be retested in case of a deeper correction.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.

SAGA Technical AnalysisAnalyzing SAGA chart on a daily time frame, we can see a symmetrical triangle pattern forming for more than three months, and the price is currently testing the upper border of the formation – $0.275–$0.28 – and this resistance zone is strong. Symmetrical Triangle Formation According to the formation, the lower border of it is forming higher lows around the level $0.2219, and this suggests that buyers are stepping in at higher levels during each pullback of the price. It can be stated that a breakout of the formation above is highly likely.SAGA is currently trading around $0.2735. We have the first resistance level at $0.32 in case the price holds above the formation. This resistance level has been tested a few times in the past two months, and it has worked well. We can expect the price to surge to the level $0.3672 and then to $0.44 if the price manages to break above the resistance.According to a bearish scenario, a drop to the range between the levels at $0.260–$0.2480 is likely to signal a correction toward the lower border of the triangle formation. If the price fails to hold above this area, SAGA may retest the key support zone at $0.22–$0.23.Summary:SAGA is trying to break out of the consolidation it has been in for a long time. Both the technical structure and macro news flow support bullish momentum. However, this breakout must be confirmed with volume. Otherwise, a pullback toward the lower boundary of the triangle remains a risk.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.

Avantis (AVNT), one of the most notable projects in the cryptocurrency market in recent days, has seen a sharp rise following its listings on major exchanges. The token, reportedly backed by Coinbase's Base and Pantera Capital, surged over 50 percent earlier today, reaching an all-time high of $1.54. Trading volume also increased by 37 percent to $633 million. Coinbase led this rally, accounting for 31 percent of the total volume.Simultaneous listings on Binance, Upbit, and BithumbWith today's announcements, Avantis made waves in the market by listing on three major exchanges on the same day. Upbit, one of South Korea's largest crypto exchanges, announced that AVNT will be traded in Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). Trading began on September 15 at 1:30 PM KST. Upbit emphasized that users can only transfer via the Base network and that the contract address must be verified correctly. Following Upbit, Bithumb also announced the listing of AVNT. Trading opened there in the same time zone, and the token's starting price was set at 1,140 KRW.Finally, Binance announced that AVNT will be traded in USDT, USDC, and Turkish Lira (TRY) pairs. With trading commencing at 8:00 AM Turkey time, the token was also temporarily available on Binance Alpha. However, it was announced that it would not be visible on the Alpha platform after spot trading began, and AVNT would be seeded.Despite being a young project, Avantis launched only last week, it quickly gained global reach. Built on the Base network, Avantis is a decentralized exchange designed for perpetual futures. AVNT, the platform's governance and utility token, distributed 12.5% of its total supply, completely unlocked, via airdrop during the token generation event (TGE). This move helped build a strong community early on. Listed on leading exchanges such as Coinbase, Bybit, Gate, Bitget, and KuCoin, the token significantly increased its global liquidity with today's news on Binance, Upbit, and Bithumb. This boosted investor confidence and led to sharp price momentum.Notable price movementLooking at the last 24 hours, the AVNT price, after an extended period of sideways movement, saw a sharp rise following the listing news. The price quickly rose from $0.80 to over $1.50. Although a slight correction followed, the token managed to hold above $1.20. This rise also led to a rapid expansion in Avantis's market capitalization. Analysts state that AVNT's rapid momentum was largely fueled by the listing news, but the project's vision of a perpetual futures platform also increased investor interest. Exchange listings, particularly in the Asian market, strengthened the token's liquidity, and with the support of global giants like Binance, Avantis is expected to reach a broader user base in the medium term. Avantis' roadmap includes new product developments and expansion plans within the Base ecosystem. Therefore, in addition to post-listing price movements, investors are also focused on the platform's future innovations.

The long-awaited USDH stablecoin competition in the Hyperliquid ecosystem has concluded. Native Markets, a key team in the ecosystem, has secured the right to use the USDH ticker following a vote and is preparing to launch the testing phase of the new stablecoin shortly.The voting process marked a critical turning point for the Hyperliquid community. Institutional and crypto-native firms such as Paxos, BitGo, Ethena, and Frax participated in the competition. However, Native Markets stood out with its proposal and community support. The team, which secured the support of a two-thirds majority of HYPE holders in the on-chain vote, will be responsible for issuing USDH.Native Markets will launch the USDH stablecoin on Hyperliquid's smart contract network, HyperEVM. The company stated that reserves will consist of both off-chain and on-chain assets. According to the official proposal document, cash and US Treasury bonds will be managed by BlackRock, while on-chain reserves will be managed via the Bridge infrastructure connected to Stripe through Superstate. This aims to make USDH a fully collateralized, dollar-backed stablecoin.The new stablecoin's returns will be split into two channels: HYPE token buybacks and incentive programs to enable broader use of USDH within the ecosystem. Native Markets will initially launch a test phase with limited minting and buybacks. The USDH/USDC trading pair will then be opened, with limits gradually lifted. This process is expected to begin within a few days.The competition also marked the first major on-chain governance vote on Hyperliquid outside of routine listings. Native Markets submitted its proposal just 90 minutes after the call opened and subsequently revised it based on community feedback. The Hyperliquid Foundation, however, opted to remain neutral and abstained from the vote.USDC CompetitorThe launch of USDH is seen as a direct competitor to Circle's USDC, which currently dominates the Hyperliquid network with approximately $6 billion in reserves. However, it was announced that USDC and other stablecoins will continue to be traded on the network. This will require staking 200,000 HYPE, establishing a robust $1 peg mechanism, and maintaining a certain level of depth against USDC and HYPE.Native Markets stands out with its founding team of industry leaders. The team is led by Max Fiege, an early investor in Hyperliquid; Anish Agnihotri, an experienced blockchain researcher and developer; and MC Lader, former president and COO of Uniswap Labs.At the time of writing, Hyperliquid's HYPE token is trading at $53.75 and has fallen 0.5% in the last 24 hours.

APT Technical AnalysisAnalyzing APT chart, we see that the descending channel pattern is still active. The price of the coin bounced from the level $4.06 and climbed to the middle border of the channel, and it is currently trading around $4.53, and there is a positive outlook in the mid-term.It is important that the price should hold above the level $4.44. If it does so, the first target ahead would be the resistance level $4.93. It is likely that APT will surge to the area between the levels $5.10 and $5.60 – upper border of the channel – if it can see daily closings above $4.93.Providing that the channel breaks with strong volume, the technical target extends upward by the height of the channel. According to this scenario, there is mid-term potential reaching the $6.18 → $6.39 → $7.10 levels. The ultimate target at $8.40 still remains valid.According to a bearish scenario, the $4.06 level stands as a key support. If this support is lost, the price may pull back to the lower border of the channel around the level $3.80, and possibly even to $3.30. Falling Channel Structure Summary:Current price is around $4.53It is considered positive if it holds above $4.44The first price target is $4.93, then $5.10–$5.60 zoneIn case of a breakout, the targets are $6.18 → $6.39 → $7.10Main target level is $8.40Below $4.06, $3.80–$3.30 is possibleThese 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.

The World Liberty Fi (WLFI) community has launched a critical vote that will directly impact the platform's future. According to the new proposal, liquidity fees generated within the ecosystem will be used to purchase WLFI directly from the market, and these tokens will then be burned. This aims to gradually reduce the supply and create a deflationary structure for WLFI.The voting results are already largely clear. Although only six days have passed, 99% of the votes cast support the proposal, demonstrating broad consensus within the community. If the proposal is accepted, all fees generated from liquidity pools on the Ethereum, BSC, and Solana networks will be directed to purchase WLFI and then sent to the burn wallet. This method, implemented through direct market purchases rather than passive wallets or reserves, will both increase liquidity and create potential price support. Up to 1 million tokens can be burned dailyThe project's administrators state that the burn amount will vary depending on DeFi activity. Some rumors suggest the daily burn rate could reach up to 1 million tokens. However, the exact figure will be determined by trading volume and pool revenue.Although the deflationary model creates strong expectations, the WLFI price is currently trading sideways. At the time of writing, the token is trading around $0.19. Whale selling and low market demand have put pressure on the price. Despite this, some large investors are seen accumulating again.Whales are back in the gameAccording to on-chain data, a whale recently withdrew 35.71 million WLFI from the BitGet exchange, accumulating approximately $7.15 million worth of tokens in his own wallet. This move signals renewed confidence in the long-term outlook. However, not all whale traders are optimistic. According to Hyperliquid data, there are 12 large positions in WLFI, seven of which are short positions. The largest short position is around $3 million.However, previous wallet freeze discussions still raise questions for investors. Allegations that some users are struggling to withdraw their assets, while some privileged investors are more easily exiting, remain a hot topic. This has sparked discussions about the project's transparency.A Massive $9.8 Billion EcosystemWorld Liberty Fi has $9.8 billion in total assets, $9.2 billion of which is the WLFI token. This means that WLFI is not just a token for the project; it is also the core asset at the heart of the ecosystem. The platform's goal is to incentivize long-term user retention, increase participation in community voting, and expand the use of WLFI in the DeFi space.The burn process will begin next week, marking the beginning of a new era for WLFI. The market's response to this process will determine the project's future pricing and investor confidence.

Solana is once again in the crypto market. According to data from blockchain analytics platform Arkham Intelligence, Galaxy Digital acquired a total of 2.31 million SOL from Binance, Bybit, and Coinbase wallets in the last 24 hours. This amount is equivalent to approximately $536 million. Following the transaction, Solana's price rose 6 percent to $236.83, surpassing Binance Coin (BNB) for fifth place with a market capitalization of $126.4 billion. Galaxy's massive acquisition coincides with a significant investment the company recently announced. Galaxy, along with Jump Crypto and Multicoin Capital, led a $1.65 billion private equity investment (PIPE) in Nasdaq-listed Forward Industries. The company subscribed over $300 million under this deal. Forward Industries announced it would begin acquiring Solana with the funds raised, and its share price increased by 135 percent last week. These developments indicate that the trend toward institutional crypto treasury companies (Digital Asset Treasury (DAT)) is gaining momentum. These companies are pursuing a strategy of acquiring publicly traded companies and transforming them into crypto treasury companies. Forward Industries is one of the latest examples of this model. Galaxy and other investors aim to strengthen the company's Solana treasury holdings and become a major player in the ecosystem at an institutional scale.However, it's noteworthy that it's not yet clear whether Galaxy's $530 million SOL acquisition is directly linked to Forward Industries. Blockchain analytics platform Lookonchain suggests that Galaxy acquired Solana on behalf of Forward Industries, but no official confirmation has been made."Solana season" has arrivedGalaxy Digital founder and CEO Mike Novogratz stated this week that "Solana season" has begun, highlighting the market momentum coupled with strong institutional buying. Similarly, Bitwise CIO Matt Hougan emphasized in a note published this week that institutional treasury strategies and the imminent approval of the Solana spot ETF are supporting the cryptocurrency's upward trend. According to Hougan, Solana, which offers faster and lower-cost transaction advantages compared to Ethereum, will continue to be on the radar of institutional investors in the coming period.According to market data, publicly traded companies currently hold a total of 4.67 million SOL in their Solana treasuries. Galaxy's latest move is expected to further increase this amount.This strong institutional support for Solana is being interpreted as a harbinger of a new era for the market. If ETF approvals and institutional treasury strategies proceed as planned, Solana is expected to be one of the most talked-about assets in the crypto market in the coming months.

Ethereum (ETH) Technical AnalysisETH seems to have formed a classical symmetrical pattern on the 4-hour chart as it is moving within a descending trendline and a horizontal support. ETH is currently trading close to the upper border of the triangle, which may indicate that a breakout is very close. The price is trading around the level $4,410 for the time being. A strong move with volume from this level toward the upper border could trigger an upward breakout. Narrowing Triangle Structure The range between the levels $4,600–$4,650 seems to be a key horizontal resistance following the breakout. The first target could be the $4,800–$5,000 ATH level if the range gets broken upward. On the other hand, the area between the levels $4,200–$4,300 stands as a strong support. If this support gets broken downward, the price could pull back to the level at $4,000.We see that trading volume has decreased during the consolidation period, and this period suggests there could be a sharp move later. As we get closer to the end of the triangle formation, a rise in volume might confirm the direction of the breakout.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, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

XRP/USDT Technical Analysis Triangle Formation Analyzing the XRP chart on a daily time frame, we see that the coin has been trading inside a narrowing triangle formation for a long time. From what we all know, such patterns generally end up with a breakout. XRP is currently trading near the upper border of the formation. A daily price closing above the level $3 would likely result in a breakout from the triangle formation.The compression increases as the formation draws near to its very end, and this makes the breakout direction more critical. XRP can be expected to target its short-term ATH around the level $3.60 if the price breaks above and is supported by high volume.The range between the levels $2.60 and $2.80, recently tested, has acted as a strong horizontal support and an area where buyers stepped in. This zone also serves as an important POI (point of interest) where support and resistance flips have been observed. The technical possibility of an upward breakout remains higher as long as the price holds above this support.The price of the coin could pull back to the levels at $2.50 and then to $2.05 in case the lower support of the pattern breaks downward. Yet, this bearish scenario is currently considered much less likely.We do not see a significant volume increase as the formation progresses; however, the volume to come in at the moment of a breakout near the resistance line will be crucial for the sustainability of the move. Therefore, both the price action and the volume confirmation of the breakout should be closely monitored.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, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
