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ETC Comment and Price Analysis - December 19, 2025
ETC /USDT Technical AnalysisAnalyzing the chart of the coin on a daily time frame, we see that ETC is tightly compressed within a descending wedge pattern. The price has been drifting lower inside this pattern for a long time, but in recent candles both volatility and price range have narrowed significantly. This suggests that selling pressure is weakening, but there is still no clear direction. The market is at a decision point.The $12.50–$12.30 zone is the main support area in the short term. The price is currently holding just above this level, which almost perfectly matches the lower boundary of the wedge. As long as this support holds, the possibility of an upward breakout remains alive.On the upside:$13.20–$13.50 is the first key resistance, acting as both horizontal resistance and the upper trend line of the wedge.A strong, high-volume break above this area would confirm an upside breakout and could push the price toward $14.30.After that, $15.80–$16.20 becomes the major target and resistance zone, as it marks the area where the previous decline started.On the downside:Daily closes below $12.30 would trigger a downward breakout of the wedge.In this case, the price could move toward $11.80–$11.60.This zone is the last major support; losing it could accelerate the downtrend.In summary, ETC is highly compressed within a descending wedge. If support holds, a sharp upside move is possible. If $12.30 is lost, downside pressure increases. The next major move will depend on which direction this tight structure breaks. The Falling Wedge 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. Morover, it is highly recommended to use stop loss (SL) during the transactions.
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18 Dec 2025
PEPE Comment and Price Analysis - December 19, 2025
PEPE/USDT Technical Analysis Descending Wedge Formation Analyzing the chart, we see that PEPE is clearly forming a large descending wedge pattern on the long term chart. For months, the price has moved lower with lower highs and gradually slowing lows, and it is now compressed very close to the lower boundary of the wedge. The drop in volatility and smaller candle sizes suggest that selling pressure has weakened, but there is still no clear confirmation of a trend reversal.The main balance and support zone in this structure is $0.00000400–$0.00000380. The price is currently trying to hold just above this area. This zone is important both psychologically and technically, as it represents the base of the pattern. As long as this support holds, the descending wedge keeps the potential for an upside breakout alive and can be seen as the “final compression” area in the long-term structure.On the upside, the move is expected to be gradual:The first area to watch is $0.00000510–$0.00000550, which acts as a short-term balance zone.If the price holds above this area, momentum could build toward $0.00000670–$0.00000830.The most critical resistance is the upper boundary of the wedge at $0.00001100–$0.00001600. Without a strong, high-volume breakout above this zone, it is difficult to talk about a long-term trend reversal.On the downside, risk still remains. If the price stays below $0.00000380, the wedge would break to the downside, and a move toward $0.00000280–$0.00000270 could follow. This area represents the last major long-term support, and losing it would seriously weaken the structure.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. Morover, it is highly recommended to use stop loss (SL) during the transactions.
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18 Dec 2025
BNB Comment and Price Analysis - December 18, 2025
BNB Technical AnalysisBNB Chain is set to launch its own stablecoin. The goal of this token is to increase liquidity within the network and make money flow more easily between applications on BNB Chain. This move could support not only DeFi and trading volume, but also allow users to move more smoothly between different services on the same chain. A native stablecoin would strengthen BNB Chain’s goal of building a more independent and comprehensive financial ecosystem. Narrowing Triangle Structure Analyzing the coin chart on the daily time frame, we see that BNB is forming a clear symmetrical triangle. The price is trying to hold this consolidation by finding support at the Fibonacci 0.618 level. After the recent drop, the $820–$800 zone acted as a strong demand area, as it overlaps with both the 0.618 Fibonacci level and the rising lower trend line. The bounce from this area suggests that selling pressure is weakening and buyers are still active.The $820–$800 zone is the key level in the short term. As long as the price stays above this area, the triangle structure remains valid and the chance of an upward breakout stays alive. On the upside, the first important resistance is $900–$910. This zone is both a horizontal resistance and close to the upper trend line of the triangle. A clear breakout and daily closes above this level could open the way toward $940, followed by the $1,000–$1,030 range. The $1,020–$1,038 area stands out as a major target, as it was a zone of strong selling in the past.Daily closes below $800 would weaken the structure and could push the price toward $780, then $750–$715. Losing this area would confirm a downward breakout of the triangle and could lead to a deeper decline.In summary, BNB is in a decision phase, consolidating above the Fibonacci 0.618 support. If support holds, an upside breakout is possible; if it fails, selling pressure is likely to increase.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. Morover, it is highly recommended to use stop loss (SL) during the transactions.
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18 Dec 2025
What is Plume (PLUME)?
Plume (PLUME) is an EVM-compatible network that aims to bring real-world assets (RWA) onto the blockchain and connect them with the DeFi world. In short, traditional assets such as real estate, private loans, and commodities can be tokenized on Plume, making them easier to buy, sell, and use as collateral in the crypto ecosystem. The project emphasizes the trust and compliance needed, especially on the institutional side; by considering controls like KYC/AML at the infrastructure level, it strives to offer both regulatory compliance and the 24/7 operational nature of the blockchain. Thanks to EVM compatibility, smart contracts and DeFi tools from Ethereum can be more easily migrated to the Plume ecosystem. Let's take a look at what PLUME is and what the PLUME coin is used for.Definition and Origins of PLUMEIn its simplest form, you can think of Plume as "a bridge between real assets and the crypto world." But it's not just about digitizing assets; Plume's main goal is to convert real-world financial instruments into tokens, giving them crypto-specific flexibility. So these assets become programmable; they can be bought and sold, transferred between wallets, used in DeFi protocols, and even used as collateral to borrow money. This is where Plume's "RWAfi" claim comes in: integrating real assets into the flow of DeFi. The project's starting point stems from this need. In 2024, seeing the growing interest in RWAs and the gap in the market, the team embarked on a journey to combine the transparency and 24/7 transaction advantages of blockchain with the massive asset classes of traditional finance. Plume Network's co-founders, Chris Yin (CEO) and Teddy Pornprinya (CBO), began developing an infrastructure where RWAs would be integrated into the crypto world in a "demand-driven" manner. Chris Yin's experience in technology startups and venture capital, and Teddy Pornprinya's background in business development at large structures like Binance and Coinbase, ensured the project had a strong sense of direction from the very beginning. During its establishment, the Plume team quickly attracted investor interest. In a Series A round in late 2024, they received a total of $20 million in investment from prominent institutions in both traditional and crypto finance, such as Brevan Howard, Galaxy Digital, and Apollo Global Management. This support provided a crucial foundation for infrastructure development and regulatory preparation. It is noteworthy that Plume has been focused on "compliance" from the very beginning; the team aimed to prepare a white paper compliant with the MiCA regulation and complete the ESMA registration process in mid-2025, thus moving forward with a clearer framework on the European side. In this way, Plume positioned itself as a "prepared" RWA blockchain both technologically and regulatoryly. PLUME's History: Key MilestonesAlthough Plume is still a relatively young project, it has managed to attract attention with the steps it has taken and the momentum it has gained in a short time. Below, we have summarized Plume's journey to date in a more fluent way, along with its prominent milestones:2024 - Establishment and first investment: Plume Network was officially established in 2024. According to information shared in December 2024, the project completed its first investment round of $20 million with the goal of building a real asset finance (RWAfi) focused ecosystem. The participation of institutions with significant weight in both traditional and crypto finance, such as Apollo Global Management, Brevan Howard, and Galaxy Digital, in this funding round demonstrated that Plume had already gained considerable institutional trust from the outset.January 2025 - Testnet “Season 1” and community engagement: At the beginning of 2025, Plume launched a comprehensive testnet process called “Season 1,” directly engaging the community. During this process, over 18 million wallets were created and over 280 million transactions were processed. These figures, quite high for a new network, clearly demonstrated the interest in the project. Early users who participated in the testnet were rewarded with the first PLUME token airdrops, and the community foundation was laid during this period.February 2025 - Strategic partnerships (Mercado Bitcoin & Superstate): In February, Plume partnered with Mercado Bitcoin, one of the largest crypto platforms in Latin America, to launch a project in Brazil aimed at tokenizing $40 million worth of assets. During the same period, Superstate, which offers regulated bond funds in the US, selected Plume as its multi-chain expansion partner. This enabled Superstate's short-term US Treasury bond-backed tokens to be integrated into the Plume network, allowing users on-chain access to these products.April 2025 - Strategic investment from Apollo: In April 2025, Apollo Global Management announced a strategic investment in Plume. This move by Apollo, one of the strongest players in the private equity sector, was a significant indicator of institutional confidence in Plume's RWA vision. With this investment, Plume gained significant momentum in strengthening its infrastructure and bringing corporate finance products to the on-chain world. During this period, the Plume ecosystem had incorporated over 200 protocols and applications following the testnet phase.June 2025 - Plume Genesis Mainnet launch: Plume's mainnet, Genesis, officially launched on June 5, 2025. On launch day, over $150 million in tokenized real assets were already active on the network. Integrations with financial giants like Blackstone and Invesco were completed from day one, ensuring Plume's strong start. On the DeFi side, well-known protocols like Curve and Morpho were integrated into the Plume network. In the same month, Plume's MiCA-compliant white paper was approved by EU regulatory authorities, ESMA registration was completed, and the PLUME token became legally listable in Europe.Summer 2025 - Rapid Growth Period: In the months following its mainnet launch, the Plume network experienced significant growth momentum. By September 2025, the total value locked (TVL) on the network exceeded $577 million. During this period, Plume surpassed Ethereum to become the blockchain with the highest number of addresses holding RWA tokens; just weeks after launch, over 100,000 addresses held RWA tokens on Plume. Between July and September 2025, Credbull launched a private loan fund of up to $500 million on Plume. In August, Plume announced that it had successfully tokenized over $1 billion in real assets, bringing them to the on-chain environment. During the same period, carbon credits and environmental assets began to be integrated into the Plume ecosystem through climate-focused partnerships such as Bioeconomy. Autumn 2025 - Corporate Expansion: In October 2025, Plume surpassed a significant milestone in on-chain securities transactions by obtaining a registered transfer agent license from the U.S. Securities and Exchange Commission (SEC). This license paved the way for future areas such as regulated equity issuance, digital funds, and tokenization of publicly traded company shares. During the same period, USDC was natively integrated into the Plume network in collaboration with Circle, and cross-chain stablecoin transfers became smoother thanks to CCTP. Furthermore, Plume was selected for the Mastercard Start Path fintech program, gaining the opportunity to work closely with the global payment ecosystem. As of December 2025, the PLUME token price is hovering around $0.015. Why is PLUME Important?What makes Plume important is not just that it brings RWAs to the blockchain; it does so by centering the speed, flexibility, and efficiency of DeFi. While DeFi largely revolves around crypto assets today, trillions of dollars worth of real-world assets are still held in illiquid, slow, and fragmented structures.Use CasesThe infrastructure offered by Plume creates a very broad use case for both institutional and individual users.Tokenization of Real Assets: Thanks to its tokenization engine called Arc, Plume enables the issuance of real estate, private loan funds, commodities, and alternative assets as digital tokens. These tokens represent ownership or yield of the related asset and are managed by smart contracts. Issuance processes that can take months or even years in the traditional financial world can be completed much faster and at a lower cost on Plume. This provides asset issuers with access to global investors.DeFi Integration and Yield Generation: Plume directly connects tokenized assets with DeFi. Through the Nest protocol, users can deposit stablecoins like pUSD or USDC into RWA vaults and receive nTokens in return. These tokens can be bought and sold within the Plume ecosystem, used for lending, or transferred to other protocols. This allows assets like Treasury bonds, private loans, or carbon credits to generate returns using a DeFi-like staking and farming model. Lending and Trading: RWA-backed borrowing is possible through protocols like Morpho in the Plume ecosystem. Users can borrow stablecoins by using their tokenized assets as collateral. RWA-focused DEXs like Rooster offer liquidity for the buying and selling of various tokenized assets. All these transactions take place transparently on the blockchain, while compliance layers ensure compliance with legal requirements.Access to Institutional Finance: Plume also offers a strong infrastructure for institutional players. Large asset managers such as Apollo, Blackstone, and Invesco can reach a wider investor base by tokenizing their funds through Plume. While custody solutions like Anchorage Digital support the security of institutional assets, the Plume Passport wallet makes it possible to manage identity verification and compliance processes on the blockchain. Thus, institutions can use blockchain technology without compromising regulations.Token EconomyPLUME, at the heart of the Plume ecosystem, is the core token that powers the network and sustains incentive mechanisms. The token economy is designed to both encourage long-term participation and support network security.Maximum supply and distribution: The maximum supply of the PLUME token is limited to 10 billion units. Approximately 20% of this supply was released into circulation with the TGE in January 2025. The remaining tokens are being released gradually with a vesting schedule spread over the long term. 59% of the total supply is allocated to community, ecosystem, and foundation work; this share is used for airdrops, incentive programs, developer grants, and validator rewards. 21% of the supply is allocated to early investors, and 20% to the founding team and core contributors. The fact that team and investor tokens are locked aims to limit early-stage selling pressure. What is the PLUME token used for? PLUME is designed as a versatile utility token on the Plume network. Its primary use is for gas fees paid for transactions and smart contract interactions on the network. In addition, PLUME plays a significant role in governance; in the future, token holders are planned to gain voting rights on protocol updates and network-related decisions. This structure aims for Plume to gradually transition to a more community-oriented governance model. Staking and network security: Plume is a Layer-1 network operating with a Proof-of-Stake mechanism. Validators secure the network by staking PLUME, while users can earn staking rewards by delegating their tokens to validators. With the staking infrastructure expected to be operational by mid-2025, additional reward programs encouraging validator participation have also been launched. This system both strengthens network security and makes long-term PLUME holding attractive. Incentives and Airdrops: Plume used strong incentive programs to accelerate early adoption. During the Season 1 testnet, millions of wallets received PLUME, creating a broad community base. In the Season 2 program, launched after the mainnet, 150 million PLUME were allocated as rewards to participants who used the protocols on the network and provided liquidity. These programs aim to encourage long-term use and ecosystem engagement rather than short-term gains.PLUME Model (Economy, Reserve, and Issuance Mechanics)One of the most important elements that distinguishes Plume from similar projects is its holistic economic model. This structure addresses not only the PLUME token economy but also stablecoins, the issuance process of real assets, and cross-chain liquidity. Network Economy and Consensus: As a Layer-1 blockchain, Plume uses a Proof-of-Stake based structure. Validators secure the network by staking PLUME. While the maximum supply is fixed at 10 billion, instead of issuing new tokens, the majority of incentives are distributed from pre-allocated ecosystem funds. This keeps inflation under control while continuing to incentivize validators and liquidity providers. For example, the 150 million PLUME distributed under Season 2 is part of this model.pUSD stablecoin and reserve structure: pUSD is one of the fundamental building blocks of the Plume ecosystem. Pegged 1:1 to the US dollar, pUSD is fully backed by USDC reserves. Users can mint pUSD by depositing USDC, and can burn pUSD and return to USDC whenever they wish. Thanks to Circle's CCTP integration, cross-chain USDC transfers are fast and seamless. Reserves are managed through the Nucleus infrastructure, and 1 USDC is held in the system as a counterpart for every pUSD. This structure offers a transparent and reliable stablecoin model, free from algorithmic risks. Tokenization of real assets: At the heart of Plume is the RWA issuance process. Institutions wishing to issue tokens go through Plume's compliance layers. Thanks to MiCA compliance and a SEC-registered transfer agent license, even securities can be tokenized within a legal framework. While physical assets are securely held through custodians such as Anchorage Digital and Fireblocks, tokens represent these assets on-chain. The Nexus oracle layer securely transfers real-world data to smart contracts. The portal interface simplifies the issuance process from a technical standpoint as much as possible. PLUME's Developers and LeadershipBehind Plume is an experienced team with deep knowledge of both blockchain and traditional finance. Chris Yin, the project's founder and CEO, established software startups in Silicon Valley before launching Plume, held product management positions at companies like Coupa Software, and then served as an investor in a venture capital fund. Recognizing the potential of DeFi and crypto early on, Yin defines Plume's strategic direction with a vision to innovate, particularly in the area of tokenization of real-world assets. His technology and investment background ensures the project's balanced progress in both product and growth. Teddy Pornprinya, Plume's Co-Founder and Chief Business Officer (CBO), is responsible for business development and strategic partnerships. Having previously worked at leading crypto companies like Coinbase and Binance, Teddy has also gained experience in decentralized exchange projects. This gives him a thorough understanding of both the dynamics of the crypto ecosystem and how to build bridges with traditional financial actors. The influence of Teddy's business development team is clearly visible in deals with major institutions like Apollo and in the acceptance process for programs like Mastercard Start Path. The Plume team isn't limited to the founders. On the legal side, there's B. Salman Banaei (General Counsel), experienced in crypto regulation. On the technical and operational side, Dan Levine (Director of Engineering) and James Friel (Ecosystem Leader) stand out; this team works on scaling the Plume network and growing its developer community. The engineering team includes developers with experience in Ethereum and DeFi. For example, Alp Güneysel, as a Senior Smart Contract Engineer at Plume, plays an active role in the development of EVM-based protocols. On the governance side, the Plume Foundation holds a significant position. The foundation coordinates the network's R&D efforts, long-term growth, and gradual decentralization process. In terms of strategy and global expansion, Shukyee Ma, as Chief Strategy Officer, plays an influential role in both the foundation and the overall direction of the ecosystem. This structure has significantly contributed to Plume's leading position, particularly in initiatives like the Global RWA Alliance. Plume also presents a strong picture in terms of supporters. In addition to investors such as Apollo and Galaxy Digital, experienced advisors from the corporate finance world contribute to the project. Christine Moy, Apollo's Head of Digital Assets, openly supports Plume's vision, and joint projects developed with institutions such as EY and Mastercard strengthen the corporate confidence behind the team.Frequently Asked Questions (FAQ)Below, you can find some frequently asked questions and answers about PLUME:What exactly is Plume (PLUME) and what does it do?: Plume is a blockchain platform that brings real-world assets such as real estate, bonds, and loans to the DeFi ecosystem by tokenizing them. These assets can be bought and sold on Plume, used as collateral, or valued to generate returns. In short, Plume creates a functional bridge between traditional finance and the crypto world.How does the Plume network work?: Plume is an EVM-compatible Layer-1 blockchain and ensures its security with the PLUME staking mechanism. Thanks to modules such as Arc, Nest, Nexus, and Skylink, tokenization, yield, data verification, and cross-chain transfers take place within a single ecosystem. This structure makes Plume a fully-fledged RWA chain.What are the use cases of the PLUME token?: PLUME is used as a gas fee for transactions on the network and contributes to network security through staking. It also offers voting rights in future protocol decisions as a governance token. It can also be considered as a collateral and liquidity tool within the ecosystem.Where and how can I buy Plume (PLUME) tokens?: PLUME is listed on major cryptocurrency exchanges such as Binance and Bybit. Users can buy and sell PLUME on these platforms using pairs like USDT. Access is also possible through decentralized exchanges and wallets thanks to EVM compatibility.How are real-world assets secured on Plume?: Every asset tokenized on Plume is backed by real-world collateral or legal rights and protected by regulated custodians. Regulatory steps such as MiCA compliance and SEC licensing put this process on a legal footing. The KYC-based Plume Passport system also ensures that transactions are carried out in a compliant manner. What do “RWA” and “RWAfi” mean?: RWA refers to the tokenized form of real-world assets. RWAfi, on the other hand, defines a financial model where these assets are bought, sold, staked, and generate returns using DeFi protocols. Plume aims to build an RWAfi infrastructure that offers this approach end-to-end. What differentiates Plume from other projects?: Plume combines a permissionless blockchain structure with regulation-compliant KYC/AML layers. It offers tokenization, stablecoin, liquidity, and cross-chain solutions in a single ecosystem. Furthermore, its strong institutional support and EVM compatibility set Plume apart from similar projects.Discover the latest analyses, use cases, and detailed guides on Plume (PLUME) and other next-generation RWA-focused blockchain projects in the JR Crypto Guide series.
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18 Dec 2025
AAVE Comment and Price Analysis - December 18, 2025
AAVE Technical AnalysisAAVE has announced a new strategic roadmap for 2026. After the U.S. SEC officially ended its four-year review, the founder stated that AAVE will focus on three main areas: the V4 protocol upgrade, expansion of the Horizon RWA market, and the launch of a mobile app. These steps show that AAVE aims to grow not only in DeFi lending, but also in real-world assets and broader financial tools. Rising Wedge Formation Analyzing the chart on a daily time frame, we see that AAVE is forming a clear descending wedge. Price action shows increasing pressure toward the lower boundary of this pattern. Though short-term bounces occur, they remain weak, and each recovery attempt is rejected at the upper trend line. This suggests that the risk of a downward breakout is currently higher.The $184–$180 zone is a critical support area in the short term. The price is trying to hold above this level. If daily closes fall below this zone, selling pressure could accelerate. In that case, $175–$172 would be the first target, followed by $162–$155 if the decline deepens.The key resistance zone is $198–$205. As long as the price stays below this area, downward pressure continues. A strong breakout above it could open the way toward $211 and later $230.In summary, AAVE is at a key decision point within a descending wedge. The direction will largely depend on whether the $180 support holds.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. Morover, it is highly recommended to use stop loss (SL) during the transactions.
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17 Dec 2025
TAO Commentary and Price Analysis - December 17, 2025
TAO/USDT Technical Analysis Falling Channel Structure Bittensor is a project standing out at the intersection of cryptocurrency and artificial intelligence. The network completed its first halving in December 2025, cutting the new TAO supply entering the market by half. Events like this can theoretically support the price in the long term. In addition, institutional investment products such as the Grayscale Bittensor Trust have started to appear, putting TAO on the radar of not only retail investors but also large capital.These fundamental developments indicate that TAO is not just an “AI-themed coin,” but an asset with growth potential supported by a new supply mechanism and increasing institutional interest.Analyzing the chart on a daily time frame, we see that TAO is clearly moving within a descending channel. Following a strong sell-off, the price pulled back to the lower boundary of the channel and is currently trying to bounce from this area. However, every upward attempt has been met with selling pressure near the upper side of the channel, meaning the main trend is still bearish.The $248–$250 zone is the first support area in the short term. Short-term bounce attempts should be considered normal as long as the price holds above this level, However, these moves should be seen as relief rallies, not a trend reversal. The most critical resistance lies at $278–$280 above. This area is both a strong horizontal resistance and the upper boundary of the descending channel. Rallies toward this zone may create short-selling opportunities within the current structure.Selling pressure is likely to return, with a possible pullback toward $262–$255, and then $249–$245 if the price fails to break above $278–$280 and shows weakness there, The natural price action within the channel also supports this scenario.The price needs to break above $288–$292 with strong volume and exit the channel for a bullish scenario to be taken seriously. Until this happens, the descending channel remains intact, and rallies are likely to be treated as selling opportunities. In summary, TAO is bouncing within a downtrend, but the overall structure has not changed. The $278–$280 zone is the key level that will determine the direction of this move.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. Morover, it is highly recommended to use stop loss (SL) during the transactions.
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17 Dec 2025
What is Plasma (XPL)?
Plasma (XPL) is a high-performance Layer 1 blockchain network specifically developed for stablecoin transactions. In other words, Plasma aims to make stable cryptocurrencies (such as USDT) as fast, low-cost, and accessible as digital cash. Launched in 2025, this project has recently been making headlines in the crypto world. In this guide, we will answer questions such as what is Plasma coin, how did it come about, what technologies is it based on, what are its use cases, how does the token economy work, and what advantages does it offer to individual users, in simple language.Definition and Origins of PlasmaWhat is the Plasma network? Plasma is an independent blockchain designed from scratch to facilitate stablecoin transfers. That is, it is not a sidechain or scaling solution of an existing chain like Ethereum; it is a completely separate blockchain network with its own infrastructure. This network aims to be the fundamental infrastructure for stablecoin circulation on a global scale, while prioritizing low transaction fees, high speed, and a user-friendly experience. What were the purposes behind the development of Plasma? The motivation behind the project's emergence is closely related to the growing role of stablecoins in the crypto ecosystem. In recent years, the supply of stablecoins has reached hundreds of billions of dollars, while monthly transaction volumes have begun to exceed trillions of dollars. However, existing blockchains, designed before the widespread use of stablecoins, suffer from problems such as high transaction fees, slow confirmation times, and a lack of specialized features for digital dollar transfers. Plasma emerged to address these inefficiencies; it aims to provide an infrastructure that will eliminate the friction experienced in stablecoin payments, acting as a dedicated highway.What is its technological infrastructure? Technically, Plasma is based on a modern and innovative architecture. It uses an improved variation of the HotStuff protocol called PlasmaBFT as its consensus mechanism. This ensures transaction finality in a very short time (less than 1 second) on the blockchain and can reach a capacity of over 1,000 transactions per second. In other words, the network has the speed and scalability required for real-time payment transactions. At the execution (smart contract) layer, Reth, a high-performance Ethereum client written in Rust, is used. This makes Plasma fully EVM compatible; developers can deploy Solidity smart contracts to the Plasma network without any modifications, and users can connect popular wallets like MetaMask to Plasma without using extra tools. In short, Plasma offers an infrastructure compatible with Ethereum while creating much faster and cheaper transaction capabilities in the background through its own consensus and optimization processes. Another innovative aspect of Plasma is its solution to gas fees. On most blockchains, even sending a token requires acquiring the main currency of that chain (e.g., ETH on Ethereum) to cover the gas fee. Plasma eliminates this barrier by using a system called Paymaster (Fee Sponsor). Through this mechanism, the protocol itself or decentralized applications allow users to pay transaction fees with stablecoins like USDT, or even subsidize the fee entirely. This means you don't need to hold XPL tokens in your wallet to make a basic USDT transfer on Plasma; the network will fund it from its own XPL budget if needed, or you can pay directly with USDT. This approach makes stablecoin usage extremely practical and seamless, even for users new to crypto or with little technical knowledge.Plasma's History: Key DevelopmentsWe can examine the milestones Plasma has reached since its launch as follows:Launch process: The Plasma project rapidly developed throughout 2025 and reached its mainnet in the third quarter of the year. The foundations of the project were laid with strong funding and support. In February 2025, a seed and Series A funding round of approximately $24 million was completed, led by industry giants such as Framework Ventures and Bitfinex (the operator of Tether). This funding round also included significant market players such as DRW/Cumberland, Bybit, Flow Traders, 6th Man Ventures, and Nomura; and well-known names such as Tether CTO Paolo Ardoino and Peter Thiel provided support as individual angel investors. This strong start ensured that Plasma gained significant trust both in the crypto sector and in traditional finance circles. Testnet and Mainnet: Following an intensive development process, the Plasma testnet went live in July 2025. The anticipated mainnet launch then took place on September 25, 2025. With the mainnet launch, Plasma's own cryptocurrency, the XPL token, began listing on major exchanges. On launch day, the amount of stablecoins entering the ecosystem reached a striking level of $2 billion; the market capitalization of the XPL token exceeded $2.4 billion on the first day, and its price rose to $1.54. By the end of the first week, the total value locked (TVL) on the Plasma network surpassed $5.5 billion, demonstrating the market demand for a purpose-built stablecoin infrastructure. Thanks to this impressive start, XPL emerged as one of the most valuable new crypto assets in 2025. Network improvements: The deployment of the Plasma mainnet brought with it significant technical features. For example, the Plasma team announced a unique integration called the Bitcoin bridge (BTC bridge). This allows users to securely and decussively transfer their BTC to the Plasma network, converting it into 1:1 collateralized wrapped BTC tokens called pBTC, which they can then use in smart contracts on Plasma and convert back to real BTC. This trust-minimized BTC bridge expands Plasma's capabilities by providing direct Bitcoin liquidity to decentralized finance (DeFi) applications. The team also announced they are working on a Confidential Payments module for privacy-focused transactions. When this feature is implemented, data such as transaction amount and recipient information can be hidden without compromising existing wallets and compatibility, providing a certain level of privacy in stablecoin transfers. The Confidential Payments feature is still under research and development and is planned to be added to the network in a future update. Ecosystem Growth and Adoption: Plasma experienced rapid adoption in the period following its mainnet launch. Many decentralized applications and protocols have sought to integrate with Plasma to speed up and reduce the cost of stablecoin transactions. For example, Aave, a leading global DeFi lending protocol, launched its own money market on Plasma. Within 48 hours of its launch, $5.9 billion worth of deposits flowed into Aave pools on Plasma, peaking at $6.6 billion in TVL in mid-October. This made Plasma the second-largest market for Aave after the Ethereum mainnet, quickly establishing it as a significant player in the global lending market. Similarly, the Binance exchange began supporting the Plasma network, offering its users on-chain USDT yield products. Listings on major exchanges (such as Binance, OKX, and Bybit) and community-focused airdrops have rapidly increased the adoption rate of the XPL token. As of December 2025, XPL coin price is estimated to be around $0.13. Why is Plasma Important?The Plasma project stands out in the crypto world for focusing on a specific problem and offering innovative solutions. While traditional blockchains have various obstacles in the use of stablecoins as a daily payment method, Plasma removes these obstacles, providing benefits across a wide range of applications, from Web3 integration to real-world financial applications. Below, we detail Plasma's importance under the headings of use cases and token economics to better understand it. Use CasesWeb3 Integration: Plasma is a network that can easily integrate into the Web3 ecosystem thanks to its compatibility with the Ethereum Virtual Machine (EVM). Developers can migrate existing Ethereum smart contracts or decentralized applications (DApps) to Plasma with minor changes, thus offering their users faster and cheaper transactions. Especially when stablecoin-based applications (e.g., decentralized exchanges, lending protocols, payment dApps) run on Plasma, scalability and fee issues encountered on general-purpose chains like Ethereum are minimized. This also gives Web3 projects the opportunity to reach wider audiences and get closer to real-world use. Indeed, the adoption of Plasma by large DeFi protocols like Aave proves how attractive the network is as an infrastructure for Web3 applications. On-chain payment systems: Plasma's most obvious use case is on-chain payment and remittance systems. Although stablecoins are considered suitable for daily payment methods due to their stable value, using them on most blockchains involves high transaction fees and technical complexity. Plasma solves this problem by allowing USDT transfers with near-zero fees. For example, a user can send USDT to the other party in seconds and almost for free on the Plasma network – without needing to hold XPL in their wallet, paying the transaction fee directly with USDT. In this way, the Plasma network provides an extremely suitable platform for scenarios such as remittance (international money transfer), receiving stablecoin payments in e-commerce, in-game payments, or micro-payments. The fact that transactions are instantaneous (sub-second finality) and costs are negligible makes stablecoin payments truly as easy as "sending a message". Plasma's website shows near-zero transaction fees and quick transaction times in this way. Real-world applications: The Plasma team has a vision to integrate blockchain technology with real-world financial systems. They not only offer a technical infrastructure but also develop user-friendly solutions. For example, they announced Plasma One, a stablecoin-focused neobank and card product. This application allows users to directly use their USDT balances on the Plasma network for daily expenses, essentially experiencing a bank account and debit card. Furthermore, the Plasma foundation is collaborating with traditional payment providers and financial institutions to license its payment technology. This means that in the future, Plasma's infrastructure could operate in the background, unknowingly powering the financial transactions of millions of people using stablecoins. In short, Plasma's potential real-world applications include a wide range of services such as international money transfers, commercial payments, savings and lending (via DeFi), and even providing infrastructure for government-backed digital currency projects. The project's founders believe that mainstream adoption of stablecoins is only possible with such a robust and user-friendly infrastructure. Plasma One tanıtım görseli. Token EconomyXPL, the native cryptocurrency of the Plasma network, forms the backbone of the network's economy. The total supply is set at 10 billion XPL. This supply is distributed across various categories to create a fair and sustainable ecosystem: 10% is allocated to the public token sale, 40% to ecosystem and growth funds, 25% to the founding team and employees, and 25% to investors and strategic partners. Specific lock-up periods and a staggered vesting schedule are applied to team and investor shares to prevent sudden, heavy selling pressure on the market. Similarly, a 12-month lock-up period is foreseen for tokens acquired from the public sale, particularly for US users. XPL'in token dağıtım grafiği. Staking and Reward Structure: Plasma is based on Proof of Stake consensus, so the network's security and continuity are ensured by staking XPL tokens. Participants who want to become validators lock a certain amount of XPL on the network to verify blocks and earn rewards for this service. One of the notable aspects of Plasma's staking system is its reward inflation model. Initially, the XPL inflation rate is 5% annually, but it is reduced by 0.5% each year, eventually reaching 3%. This inflation is distributed to validators as new block rewards, thus maintaining strong early security incentives while preventing the total supply from becoming excessively inflated over time. Plasma also implements a unique penalty (slashing) method for validators who make mistakes. In this model, called "soft slashing," validators who make mistakes only lose their rewards for that period as a penalty, but their staked principal remains untouched. This system secures the network while also offering a more forgiving approach for validators. Furthermore, it provides delegation opportunities for small investors or users without technical expertise: XPL holders can delegate their tokens to a validator, participate in the staking process through them, and receive a proportional share of the rewards. Thus, contributing to network security and generating passive income has become a process accessible not only to large players but also to ordinary users. In-use incentive mechanisms: The Plasma ecosystem doesn't position the XPL token solely as a "gas fee payment tool." XPL also plays a role in governance and ecosystem incentives within the network. XPL holders will be able to participate in future network governance voting, submit suggestions, and have a say in shaping the project's direction. Ecosystem funds (40%) reserved for developers and contributors can be distributed as rewards and grants to parties developing applications and contributing to growth on the network. For example, to accelerate Plasma adoption, programs such as transaction fee campaigns, liquidity mining incentives, or hackathon rewards can be funded from the XPL budget at certain periods. Indeed, during the Aave integration, the Plasma Foundation allocated $10 million worth of XPL as an incentive to attract liquidity to the Plasma version of Aave, significantly accelerating deposit flow. Finally, the ability to pay gas fees with stablecoins on the Plasma network is also an indirect incentive mechanism; since users do not have to spend XPL on basic transactions, the barrier to entry to the network is low, which increases usage rates. In short, the XPL token economy has a multifaceted structure that both secures the technical operation of the network and incentivizes usage and growth.Plasma's Developers and LeadershipBehind the Plasma project is a team with experience in the crypto and finance world. The founding team consists of a strong and diverse group of experts in technology and finance. Team members include individuals who have worked as software engineers at tech giants like Apple and Microsoft, financiers with high-frequency trading (HFT) experience at institutions like Goldman Sachs, and academics who have conducted research on distributed systems at Imperial College London and Los Alamos National Lab. Furthermore, individuals who have previously played active roles in major stablecoin and blockchain projects and are experts in the sector are involved in Plasma's development. This ensures that Plasma is managed by a team with a solid foundation in terms of technical competence and industry knowledge. The development and growth of the project relies not only on the internal team but also on a broad developer community. As an open-source ecosystem, Plasma is open to developers contributing from around the world. Smart contract developers, wallet and tool providers, node operators, and independent researchers can contribute to the Plasma project through its Github repository and test networks. For example, wallet developers like OneKey quickly integrated Plasma and began offering XPL support in their wallets. This community-focused approach played a critical role in the network's rapid adoption. Furthermore, the Plasma Foundation provides technical documentation, SDKs, and incentive programs to support the developer community. Developer events, testnet bounty programs, and hackathons are organized to keep the ecosystem vibrant. Project Vision and Roadmap: Plasma's vision is to become a significant part of the global financial infrastructure in the stablecoin era. Tether CEO Paolo Ardoino emphasized that a secure, scalable, and decentralized infrastructure is essential for stablecoin adoption to explode into the mainstream, and that Plasma is designed to meet precisely this need. The team aims for Plasma to become the "chain where digital dollars are assumed to move" in the long term. In this context, the roadmap includes both technical improvements and adoption-focused steps. Upcoming goals include implementing privacy features (Confidential Payments), building bridges with more assets and networks (e.g., integrations with different stablecoin issuers, multi-chain support for Ethereum and other L1/L2 networks), and transitioning to community governance to achieve a fully decentralized network. Furthermore, work continues on launching end-user products like Plasma One to increase real-world usage, collaborations with traditional financial institutions, and regulatory compliance. In short, the Plasma team is focused on both pursuing technological innovation and building the necessary bridges for integrating stablecoins into daily life.Frequently Asked Questions (FAQ)Below you can find some frequently asked questions and answers about Plasma:Which exchanges list Plasma (XPL)? The XPL token has been listed on a number of major cryptocurrency exchanges since its launch. The highest volume trading platform is Binance, where XPL/USDT is one of the most active trading pairs. In addition, XPL can be traded on popular exchanges such as OKX and Bybit. Some regional exchanges and decentralized exchanges have also listed it. In general, XPL has high liquidity and wide accessibility; having various pairs such as USDT, USDC, BNB, and TRY on major exchanges makes it easy for different user segments to access XPL. How to stake XPL? The Plasma network operates with a staking mechanism. XPL holders can participate in the staking process in two ways. Users with the necessary technical competence and collateral can become validators by running a node; Users validate transactions, generate blocks, and earn XPL rewards. Those who don't want to run their own node can delegate their XPL to an existing validator and share in the rewards. Staking can be done through Plasma's official dashboard, the Plasma One application, or supporting wallets and exchanges. Rewards are distributed according to an inflation model; approximately 5% annually in the first few years and decreasing over time. Thanks to Plasma's soft slashing model, if an incorrect validator is selected, only the rewards are cut off, the principal is protected. Which wallets are compatible with Plasma? Since Plasma is EVM compatible, it can be used with many Ethereum-supported wallets, primarily MetaMask. Users can manage their XPL and on-net assets by adding the Plasma network's RPC information to their wallets. Hardware and multi-chain wallets like OneKey offer Plasma integration, while wallets like Trust Wallet and Coin98 are also expected to provide support. Furthermore, the Plasma team plans to provide an integrated wallet experience with the Plasma One application. This allows users to easily access the Plasma network without learning a new wallet. Which networks does it operate on? Plasma operates as an independent mainnet; XPL is the native token of the Plasma blockchain, not on another chain. The goal is not to replace existing networks, but to provide a specialized infrastructure for stablecoin transactions. Plasma also has a multi-chain structure. Thanks to bridges like LayerZero, USDT on Ethereum and Tron can be moved to Plasma. USD₮0 issued by Tether on Plasma facilitates cross-network stablecoin transfers, while the Bitcoin bridge integrates BTC into the Plasma ecosystem. This structure allows stablecoin liquidity to circulate freely between different blockchains. What are the advantages for individual users? Plasma (XPL) offers a low-cost and fast blockchain experience for individual users. Transaction fees for basic stablecoin transfers are negligible; there is no requirement to hold XPL when sending USDT, and fees can be paid directly with stablecoins. Thanks to sub-second finality, transactions are almost instantaneous. Ethereum compatibility allows continued use of popular wallets like MetaMask. With the evolving ecosystem, it's becoming possible to earn stablecoin returns through DeFi protocols like Aave, while XPL staking and delegation options offer passive income opportunities. In these respects, Plasma provides a practical, fast, and accessible blockchain infrastructure for individual users. Don't forget to check out other articles in the JR Crypto Guide series for similar comprehensive guides on important projects in the crypto world.
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17 Dec 2025
BNB Chain is preparing to launch its own stablecoin
BNB Chain has taken a significant step toward expanding its on-network financial infrastructure by preparing to launch its own native stablecoin. An official announcement on December 17, 2025, confirmed the development of a new stable asset with low volatility and targeting widespread adoption across the BNB Chain ecosystem. While the stablecoin's name and a clear launch schedule have not yet been shared, this move is seen as part of BNB Chain's strategy to strengthen liquidity, enhance security, and reduce reliance on external stablecoin bridges. BNB Chain Launches Its Own StablecoinBNB Chain management states that the planned stablecoin aims to unify different use cases across the ecosystem under a single liquidity layer. Launching its own native stablecoin aims to eliminate the bridge risks frequently encountered with cross-chain stablecoins. This ensures liquidity remains entirely on-chain, increasing transaction efficiency and preventing security vulnerabilities that may arise from external infrastructure.The new stablecoin is expected to play a critical role in decentralized finance applications. Trading on decentralized exchanges like PancakeSwap, lending and borrowing protocols, yield farming, and on-chain payment solutions are among the prominent use cases. BNB Chain plans to make this asset a fundamental building block of daily on-chain activities, not just for a specific niche. This approach signifies a more holistic financial model that places the stablecoin at the center of the ecosystem. Following the announcement, a significant wave of speculation arose within the crypto community. The fact that former Binance CEO Changpeng Zhao (CZ) follows an account on the X platform linked to a stablecoin project called "U" has led to speculation that the new stablecoin might be related to this project. However, neither BNB Chain nor CZ has officially confirmed this. It is also noted that Zhao has previously warned that social media interactions do not imply support or partnership. At this stage, the name, branding, and potential collaborations of the stablecoin remain unclear. However, some sources suggest that the stablecoin, codenamed "U," will be launched on December 18th and is structured around the principles of "Unified, Inclusive, Fluid." The project claims to prioritize security and liquidity with a comprehensive reserve management framework. Despite this, there is no direct link to this project on BNB Chain's official channels. Therefore, investors and developers need to wait for official announcements to see the clear picture. BNB Chain has not yet shared critical details regarding the design of the new stablecoin. Whether the asset will be fiat-backed, crypto-collateralized, or algorithmic remains unclear. The launch date is also not yet finalized. Network management emphasizes that users should only follow official BNB Chain announcements and technical documentation.
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17 Dec 2025
Bitwise Makes 10 Critical Crypto Predictions for 2026
Bitwise CIO Matt Hougan, in his comprehensive assessment of 2026, argued that the crypto market is entering not just a price cycle, but a structural transformation. According to Hougan, the next two years mark a period where the established patterns will become obsolete for the entire crypto ecosystem, especially Bitcoin. Bitwise's 10 predictions show the areas where this transformation will be concentrated.Bitwise's 10 predictionsThe first and most striking prediction is that Bitcoin will break the classic four-year cycle. According to Hougan, Bitcoin will reach a new all-time high in 2026, and the historically established model of "three years of uptrend, one year of downtrend" will become invalid. Although the fact that the last halving occurred in April 2024 strengthens the expectation that 2026 will be a year of decline, Bitwise does not agree with this view. According to the company, 2026 will be a year of uptrend, contrary to expectations.The second prediction concerns Bitcoin's volatility. Bitwise predicts that Bitcoin's volatility will be even lower than high-volume technology stocks like Nvidia in 2026. This is interpreted as a sign that Bitcoin is gradually transforming into a more mature and stable asset class.The third point focuses on ETFs. According to Bitwise, spot ETFs will purchase more than 100% of the new BTC, ETH, and SOL supply released to the market. This prediction shows that institutional demand could reach a level that is not only strong but also exceeds supply.The fourth prediction is that crypto-related company stocks will outperform technology stocks. Crypto-focused companies such as mining firms, exchange operators, and infrastructure providers are expected to outperform classic technology stocks.Fifth is Polymarket. Bitwise predicts that open positions on the decentralized prediction platform Polymarket will reach an all-time high. This indicates a significant increase in interest in on-chain prediction markets.The sixth prediction concerns stablecoins. According to Bitwise, stablecoins will be cited as one of the main causes of currency instability, especially in developing countries. The acceleration of the flight from local currencies could bring the use of stablecoins to the center of political and economic debates.The seventh prediction focuses on on-chain vaults and asset management. Bitwise expects assets managed in on-chain vaults to double by 2026. This growth is linked to the increased adoption of DeFi by institutions.The eighth prediction is related to the legal framework for crypto in the US. If the US passes a crypto market structure law, according to Bitwise, Ethereum and Solana could reach new all-time highs. Regulatory clarity is considered critical, especially for smart contract platforms.The ninth prediction is quite ambitious. Bitwise suggests that all Ivy League universities will direct at least half of their endowment funds directly or indirectly to crypto assets. This step could be a significant turning point in terms of the academic and institutional legitimacy of crypto. The tenth and final prediction is that the ETF trend will continue unabated in the US. Bitwise forecasts that more than 100 altcoin ETFs could be launched by 2026. This development could allow the crypto market to offer a much wider range of investment products.
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17 Dec 2025
SEC Backs Down, Aave Shifts Gears for 2026
The U.S. Securities and Exchange Commission (SEC) has officially closed its nearly four-year investigation into Aave Protocol without making any sanctions recommendations. This decision removes some of the long-standing regulatory uncertainty surrounding DeFi projects, both specifically regarding Aave and generally. Aave founder and CEO Stani Kulechov confirmed the SEC's closure in a public statement. This marks the end of the investigation, which began in late 2021 and early 2022 as part of a wave of increased oversight of DeFi protocols. During this process, the SEC focused on protocols offering lending, borrowing, and liquidity services without intermediaries, moving beyond centralized exchanges. While the SEC did not publicly disclose the scope of the investigation, market observers believed the focus was on whether the AAVE token could be assessed under U.S. securities laws and whether the protocol's operations were subject to registration requirements. The Aave team cooperated with regulators throughout this period, maintaining contact with SEC personnel for years. In June 2025, a meeting between Aave representatives and the SEC's Crypto Task Force was a significant milestone in this process.The closure of the investigation without sanctions was announced via a notification letter, codenamed "HO-14386," issued in accordance with standard SEC practice. The letter stated that agency personnel did not plan to recommend any sanctions at this stage, emphasizing that the decision did not constitute an "acquittal" and that there was no legal obstacle to reopening the case in the future.On the market front, the development had a positive impact on the AAVE price in the short term. The token rose to $194 during the day before falling to $184. From the perspective of Aave users, the decision allows the protocol to continue its operations without the risk of sudden sanctions from the US. At the same time, the reduction in regulatory uncertainty surrounding the platform's core products strengthens user confidence and expectations of short-term stability.On the other hand, the Aave case became the latest in a series of high-profile crypto investigations closed without charges throughout 2025. In December, Ondo Finance also announced the end of its multi-year SEC investigation into tokenized real-world assets and the ONDO token. The dismissal or withdrawal of cases against many major players such as Coinbase, Kraken, Robinhood, OpenSea, Uniswap Labs, Consensys, and Crypto.com signals a significant shift in the SEC's approach. This shift came alongside a leadership transformation within the institution and a move away from "regulation through litigation" to clearer policy guidance.Aave's 2026 RoadmapImmediately following the SEC decision, Stani Kulechov also shared Aave's 2026 roadmap with the public. Kulechov stated that although 2025 will be the "most successful year" to date for the platform, Aave's potential is only just beginning. The 2026 plan rests on three main pillars: Aave V4, Horizon, and the Aave App.Aave V4 aims to offer a comprehensive update, from lending and borrowing pools to the user interface, liquidation parameters, and cross-chain liquidity structure. Designed with a Hub and Spoke model, this structure aims to pave the way for customizable marketplaces connected to a central liquidity pool. On the Horizon side, strong growth is targeted in the real-world assets (RWA) sector; the current net deposits of $550 million are planned to exceed $1 billion in 2026. On the mobile side, the Aave App is expected to reach a wider audience, making DeFi accessible to mainstream users. In addition to all these announcements, Kulechov also revealed that he personally purchased approximately $9.8 million worth of AAVE.
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17 Dec 2025
SHIB Comment and Price Analysis - December 16, 2025
SHIB/USDT Technical OutlookShiba Inu (SHIB) has been drawing attention again in recent days. Coinbase has launched futures trading for SHIB. This is an important step that could increase investor interest. In addition, cards that allow payments with SHIB have started to be used in some regions. This makes it easier for the token to be used in daily life. The fact that whales continue to accumulate SHIB shows that some investors trust its long-term potential.From a technical perspective, the price has been moving within a descending channel for some time, and recent price action is hovering close to the lower band of the channel. Reactions occur, but every upward attempt faces selling pressure as it approaches the upper trend line. This indicates that the downside pressure has not yet completely ended and that the market is still not fully under buyers’ control.In the short term, the 0.00000775 – 0.00000780 band is in a critical support position. The price is currently trying to hold just above this region. Since this area has previously produced reactions, it remains technically important. As long as this support is preserved, the potential for a reaction rally within the descending channel remains on the table.In the upside scenario, the first area to watch is the 0.00000835 – 0.00000850 band. This region corresponds to both a horizontal resistance and the mid-band of the channel. If this area is surpassed, it is possible for the price to attempt a move toward the 0.00000880 – 0.00000920 range. The truly critical zone, however, is the 0.00000960 – 0.00001020 line where the upper band of the descending channel passes. Without a high-volume break above this area, it is difficult to say that the trend has been broken.On the downside, if closes occur below 0.00000775, selling pressure accelerates again and the price may slide toward the 0.00000720 – 0.00000700 band. Since this region is the lower extension of the channel, it acts as a last line of defense. In summary, SHIB is at a decision zone within the descending channel. If support holds, a reaction may come; if it breaks, the decline deepens. What will clarify the direction here will be the breakout within the channel. Falling Channel Structure These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create short- and medium-term trading opportunities depending on market conditions. However, the responsibility for trading and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss for the positions shared.
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16 Dec 2025
MONAD Comment and Price Analysis - December 16, 2025
MON/USDT Technical AnalysisMonad is one of the notable new projects of 2025. It aims to build a blockchain network similar to Ethereum but operating much faster. It launched its mainnet in November and introduced the MON token to the market. During the same period, a private sale held on Coinbase also increased interest in the project.Many investors trust MON’s long-term potential. Now let’s look at how these fundamental developments are reflected in the price. Falling Wedge Formation On the MON side, the structure is quite clear. The price had been drifting downward for a while while being compressed inside a descending wedge, and with the reaction coming from the latest bottom, this structure has become more visible. Especially the strong reaction taken from the lower trend shows that selling pressure has weakened and that an upward search has now begun.In the short term, the main target is the upper band of the wedge. This region also coincides with the 0.027 level. The 0.027 level is both a technically important horizontal resistance and a target in terms of Fibonacci levels. Reaching this region would mean an upside breakout of the descending wedge. If such a breakout occurs, it would be difficult for the move to remain limited to just a reaction, and a more aggressive upward process with accelerating momentum could begin.On the downside, the 0.020–0.019 band is the main support area. This region is both the lower trend of the wedge and where the recent lows are located. As long as the price stays above this area, the current reaction structure is not considered broken. However, if this support is lost again, the scenario weakens and a sideways–downward pricing may be observed again.In summary, MON is currently at a decision point. A move toward 0.027 would technically change the game and open the door to a faster upward move. Until this level is exceeded, upward movements will continue to remain as reactions.These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create short- and medium-term trading opportunities depending on market conditions. However, the responsibility for trading and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss for the positions shared.
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16 Dec 2025
What is Rayls (RLS)?
Traditional finance (TradFi) seeks access to the speed and efficiency of blockchain, but compliance, privacy, and auditability are indispensable. Rayls (RLS) emerges as an EVM-compliant and enterprise-focused blockchain ecosystem that responds to this need. Aiming to bring $100 trillion in liquidity and a population of 6 billion banked individuals into the digital world, Rayls offers financial institutions a compliant and scalable hybrid blockchain infrastructure. Let's take a look at what Rayls offers and why it's attracting attention in the financial world. Rayls' Definition and OriginsRayls is an Ethereum-compliant blockchain platform designed to bring together traditional finance and decentralized finance. This ecosystem allows financial institutions to securely tokenize assets such as deposits and bonds, manage them on their own private networks, and move them to global DeFi markets when needed. Thus, regulatory-compliant asset tokenization and interoperability between private networks and open chains are provided under one roof. Rayls' primary goal is to digitize at least $100 trillion worth of traditional financial liquidity and connect millions of customers of financial institutions with the advantages of blockchain. In doing so, it aims to address the biggest challenges of corporate finance, such as compliance, privacy, and transaction efficiency. For example, banks can convert their deposits into digital tokens on Rayls and use them for internal transactions, then transfer these tokens to the public chain via secure bridges when they want to access global liquidity. This transforms traditional finance (tradfi) activities into a cycle that fuels DeFi growth. Rayls' focus use cases include cross-border payments, tokenization of real-world assets (RWA), digital currency/CBDC projects, and corporate DeFi integrations. The platform enables financial institutions to make fast and low-cost payments 24/7, while allowing complex financial products (bonds, loans, fund shares, etc.) to be tokenized and made accessible to global liquidity. Rayls is also designed for use in central bank digital currency (CBDC) pilots and major interbank reconciliation projects. The fact that Rayls' privacy technology is already being used in the Brazilian Central Bank's Drex pilot and showcased as a cross-border payment solution at global events such as the G20 TechSprint demonstrates the practical application of these focus areas. Rayls stands out with its unique hybrid architecture. The system consists of a combination of a public blockchain (EVM-compliant, permissionless) called Rayls Public Chain and permissioned private subnets called Value Exchange Networks (VEN). Each financial institution can conduct its transactions in complete privacy by running its own private EVM sub-chain (VEN); these sub-chains provide high privacy to participants thanks to zero-knowledge proof-of-stake (ZK) and fully homomorphic cryptography technologies. At the same time, each VEN is connected to Rayls' public chain via secure bridges, and assets can be moved to the public chain when needed. This approach offers each institution infinite scalability (since each institution maintains its own ledger) while allowing all networks to meet in a common liquidity pool. Rayls places regulatory compliance at the heart of its design. All participants who will transact on the network are required to undergo KYC (know your customer) verification beforehand. This prevents malicious or sanctioned addresses from infiltrating the system, even though the Rayls Public Chain is open to everyone. In addition, Rayls meets institutional regulatory expectations with its integrated AML (anti-money laundering) logic, traceable but private transaction structure, and auditable smart contracts. Thanks to high transaction speed and predictable low gas fees, institutions can perform the slow and costly reconciliation processes in their traditional systems in seconds and transparently on Rayls. Rayls History: Key MilestonesRayls doesn't have a very long history as it is a new cryptocurrency project. However, you can see the coin's milestones below:Project Introduction: Developed by Parfin company under the name Parchain, Rayls was introduced to the public in July 2024 with an enterprise UniFi blockchain vision. The London and Brazil-based Parfin team announced this project after two years of R&D work with leading banks around the world. Testnet Launch: In April 2025, the first public testnet, Steam Testnet, was launched. During this phase, KYC onboarding, MetaMask wallet integration, and basic authentication tools were implemented. In June 2025, the testnet gained multi-wallet support and mobile access capabilities, making it ready for user testing. Privacy-Focused Architecture (MagLev): Between July and September 2025, Rayls reinforced its privacy and compliance-focused architecture through the MagLev Testnet. In July, a customized sequencer and a zkTLS-based digital authentication system were integrated, enabling KYC verification without sharing public banking data. By September, enterprise features such as a private bridge, advanced AML logic, custody modules, and sponsored trading were added to the network. These innovations solidified the secure transition between private enterprise networks and the programmable public chain. Token Launch (TGE): In November 2025, Rayls matured by testing final features supporting staking and public chain transactions on its public network. Subsequently, on December 1, 2025, the Token Generation Event (TGE) was held, and a total of 1.5 billion RLS tokens were made public. From this date, the RLS token began to be listed on leading exchanges. This provided token access for users and institutions who joined the Rayls ecosystem early. Institutional pilots and collaborations: Rayls technology began to demonstrate its capabilities in real-world applications. The Central Bank of Brazil selected Rayls' privacy solution for its pilot project for the country's digital currency, Drex, highlighting its commitment to institutional blockchain security. At the same time, Rayls was showcased as an innovative solution in the global payment infrastructure field with its CBDC and tokenized deposit integration at the G20/BIS TechSprint 2023 event and won an award in the competition. These developments led to Rayls gaining international recognition, and the project gained strength towards the end of 2025 by securing strategic investments from major players such as Tether, Mastercard, and Accenture. December 2025: RLS coin is trading around $0.015 by the end of December 2025. Why is Rayls Important?Rays is seen as a critical infrastructure bridging the gap between corporate finance and the blockchain world. It offers significant advantages in terms of the innovations it brings to both banks and financial institutions, as well as regulators:Use CasesTokenization of real-world assets: With Rayls, classic financial assets such as corporate bonds, bank deposits, loan portfolios, trade receivables, or mutual fund shares can be converted into digital tokens. These tokens are initially held and managed confidentially in the banks' own private ledgers, and if desired, can be shared with trusted partners for multi-party transactions. Then, when liquidity or investor access is needed, they can be moved to public chains and traded. Thus, previously illiquid or difficult-to-divide assets become easily bought and sold with Rayls. This use case means new revenue opportunities and more flexible investment products for banks, asset managers, and funds. Cross-border payments and reconciliation: Rayls aims to complete interbank payments and large-scale reconciliation transactions in seconds instead of days. Institutions can make 24/7 real-time value transfers between financial networks in different countries thanks to Rayls' hybrid structure. For example, two banks can prepare transactions on their own private Rayls networks and instantly transfer them to the counterparty's network via the Rayls Public Chain. Since transactions are confidential but verifiable, a fast and compliant cross-border payment infrastructure is created. This provides an alternative to the slowness and high cost of traditional systems like SWIFT, resulting in efficiency in global payments. CBDC and digital currency issuance: Central banks and commercial banks can issue their own digital currencies or tokenized deposit products on Rayls. Since Rayls' design includes privacy and smart contract-based rule sets, for example, when a central bank issues a CBDC (Central Bank Digital Currency) using the Rayls infrastructure, it can both track transactions and protect the privacy of citizens. Large interbank payments or securities swaps can also be made on the Rayls network in accordance with delivery-for-payment (DvP) principles, minimizing risk. The Brazilian Central Bank's use of Rayls in its Drex pilot is a concrete demonstration of the potential in this area.DeFi applications and smart contracts: Rayls opens doors to the existing DeFi ecosystem because it is Ethereum compatible. Solidity smart contracts can be run on the Rayls Public Chain; protocols like Uniswap and Aave can be re-implemented on Rayls while meeting KYC requirements. Developers can both develop dApps on a platform that can reach institutional clients and attract institutional liquidity to these applications. For example, a lending protocol running on Rayls can accept bank-tokenized loan portfolios as collateral. Rayls' privacy and compliance layers come into play when necessary, ensuring that such DeFi transactions are conducted within the rules. As a result, DeFi applications built on Rayls can accommodate far more asset types and participants than traditional finance. Institutional private networks and collaborations: Rayls' permissioned subnet (VEN) structure facilitates the creation of a shared blockchain network among multiple financial institutions. For example, a consortium of several banks could create a shared private network on Rayls and conduct securities trading or clearing transactions among themselves within this network. Each institution maintains full control and data privacy on its own node, while the shared network accelerates multi-party consensus. This model offers significant advantages in interbank collateral management, internal liquidity sharing, or shared KYC/AML processes. Rayls' features, such as role-based authorization and auditor views, allow these private networks to operate flexibly and in compliance with regulatory requirements. Token EconomySupply and Distribution: The total supply of Rayls Token (RLS) is set at 10 billion units. 15% of this amount was released during the Token Generation Event on December 1, 2025, while the remaining tokens were distributed among the foundation, team, investors, and ecosystem development funds, tied to specific vesting schedules. In this way, tokens that are not in circulation will be released in a controlled manner over time to maintain supply balance. Usage and Fees: RLS token is the central transaction token of the Rayls ecosystem. Both gas fees for smart contract transactions on the Rayls Public Chain are paid with RLS, and RLS is used as a utility token in transactions such as asset creation, transfer, and exchange on private institutional networks. For example, when a bank issues a new token on Rayls or two institutions exchange assets on the private network, they pay transaction fees with RLS. Thus, as activity on the network increases, the demand for RLS also increases. Additionally, RLS is designed as a common payment unit for other services on the network, such as custody services and bridging operations.Burning mechanism (deflation): Rayls aims for a deflationary token economy. A certain portion of the transaction fees on the network (currently 50%) is burned and removed from circulation. This mechanism directly links network usage to the scarcity of RLS tokens; the more intensively the network is used, the more tokens are burned, and over time the circulating supply decreases. For example, if transaction volume increases with increased institutional adoption, the amount of tokens burned will also increase, contributing to RLS becoming more valuable in the long run. The deflation model also supports the sustainability of the token economy by curbing speculative inflation. Staking and validators: The Rayls network is secured with a proof-of-stake (PoS)-like consensus model. The network's validator nodes are mostly selected from financial institutions or approved organizations, and these validators are required to stake (lock) a certain amount of RLS for the security of the network. RLS token holders can contribute to network security by delegating their tokens to existing validators without becoming validators themselves, and in return earn staking rewards. This model encourages a broad institutional consensus structure while also offering passive income opportunities to individual token holders. Since staked tokens are at risk of slashing in case of malicious behavior, network security is supported by economic incentives. Governance and ecosystem: Although the Rayls network is initially developed and managed by the Rayls Foundation, a transition to a community-driven governance (DAO) model is planned in the long term. As the number of validators and community participation increases, RLS token holders will have voting rights in decision-making processes regarding the future of the network. For example, issues such as network upgrades, block reward parameters, the addition of new features, or the distribution of ecosystem funds may be put to a vote by RLS holders in the future. Until this transition, the Rayls Foundation is implementing a centralized governance model to guarantee the security and compliance of the network. In addition, approximately 35% of the RLS token supply is reserved for ecosystem incentives (developer grants, liquidity programs, community rewards, etc.). This fund will be used to support those developing applications on Rayls, organizations using the network, and community contributions, thereby encouraging the growth of the ecosystem.Who Founded Rayls?Parfin, the core development company behind Rayls, was founded in 2019 by Marcos Viriato and Alex Buelau, based in London and Rio de Janeiro. The Parfin team, a multidisciplinary group of engineers, cryptographers, and bankers, worked with some of the world's largest financial institutions for over two years to develop the Rayls project. Initially codenamed "Parchain," Rayls was rebranded as Rayls in 2024.Marcos Viriato is the CEO of Parfin and one of the leaders of the Rayls project. A former investment banker and early adopter of blockchain, he shapes Rayls' corporate finance vision. Alex Buelau, as Parfin's CPTO (Chief Product & Technology Officer), is responsible for Rayls' technical architecture. Active in the crypto sector since 2013, Buelau brings his extensive experience, from mining to investing, to Rayls. The team consists of over 90 expert engineers, along with executives (such as CCO Bruno Cavalin and CDO CH Lopes) who have more than 20 years of experience in finance and technology. Rayls' founding team operates with the mission of "building the financial infrastructure of the future." Marcos Viriato and his team's core vision is based on the belief that digital assets and blockchain technology are not a passing fad in the financial world, but a permanent and transformative force. In line with this vision, Parfin/Rayls develops enterprise-level products that enable financial institutions to access digital assets securely and efficiently. Specifically for Rayls, the goal is to integrate the innovative opportunities of blockchain into the financial sector without compromising the compliance and security required by banks and regulators. In other words, to provide an infrastructure that we can call the internet of value for the use of the corporate world. Although Rayls is still a new ecosystem, it has a strong corporate support network behind it. The project started by incorporating Parfin's existing customer base—large financial institutions and fintech companies—(prior to Rayls, Parfin provided custody and digital asset services to banks like Itaú and Santander in Latin America). Global financial giants like Mastercard and Accenture also provided strategic support to the project by investing in Rayls' vision. One of the investments received in 2025 was from stablecoin issuer Tether, which allowed Rayls to integrate a market-leading stablecoin like USDT into Latin American institutions. Within the ecosystem, local players like Núclea (Brazil's largest financial market infrastructure company) are also developing institutional tokenization solutions using the Rayls network. On the community side, Rayls, with its phased decentralization approach, is trying to attract developers and users with incentive programs while establishing regular feedback loops with institutional participants. As a result, the Rayls ecosystem; It has a unique mix of banks, central banks, institutional investors, technology partners, and regulators. Frequently Asked Questions (FAQ)Below you will find some frequently asked questions and answers about Rayls: What is the relationship between Rayls and the Ethereum network?: Rayls is a network compatible with the Ethereum Virtual Machine (EVM), so it can integrate with smart contracts and tools in the Ethereum ecosystem. However, Rayls operates its own independent blockchain; it connects the private Rayls network with the public Rayls chain by adopting an Ethereum L2 (sidechain) architecture. In this way, it accesses Ethereum's extensive liquidity and protocol ecosystem while creating a "clean" and compliant DeFi environment by implementing additional rules and improvements such as KYC on its own network.Is KYC mandatory on the Rayls network?: Yes. KYC (Identity Verification) is mandatory for all users and institutions who want to participate in the Rayls ecosystem and conduct transactions. Any wallet address on the Rayls Public Chain must prove its legal compliance with decentralized identity verification before the first interaction. This practice provides a secure environment for institutions by purging the network of malicious actors and forms the basis of Rayls' vision of transparent yet regulated DeFi. Why do corporate companies use Rayls?: Rayls addresses the needs of corporate finance by offering fast deployment, low cost, and a high level of privacy. For example, banks can process cross-border payments in seconds with Rayls, thus improving their liquidity management. At the same time, thanks to integrated KYC/AML controls and encrypted transaction infrastructure, transactions are both automated and remain open to regulatory oversight. As a result, organizations gain operational efficiency, accelerate reconciliation processes, and become able to offer new digital asset services (e.g., tokenized deposits, digital bonds) by using Rayls. These advantages make Rayls particularly attractive for large banks, asset managers, and fintech companies. When will the Rayls mainnet be operational?: The Rayls project's mainnet V1 version is planned to be launched in the first quarter of 2026. Throughout 2025, Rayls went through various testnet phases, and the public distribution of the RLS token was completed in December 2025. With the activation of the mainnet, enterprise privacy nodes will begin operating at full capacity, and Rayls will be ready for enterprise-level production use. According to the roadmap, the integration of the Enygma privacy protocol into the public chain and improvements supporting multi-network connectivity with different networks are also targeted for 2026. Can individual users use Rayls?: Rayls is primarily a platform designed for enterprise use. However, individual users (if they complete the relevant KYC processes) can also transact on the Rayls Public Chain and access Rayls-based applications. The fact that all users have undergone identity verification ensures that individuals and institutions can interact securely on the same network. However, it should be emphasized that the Rayls network is not focused on the average end-user; in its current form, it is largely shaped according to the needs of institutions such as banks and fintech companies. While individual investors can indirectly participate in the ecosystem through exchanges listing the RLS token, directly using the Rayls network may require interfaces and processes developed for institutions. Discover the latest analyses, reviews, and guides on Rayls and the enterprise blockchain ecosystem in the JR Crypto Guide series.
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16 Dec 2025
AXL Fell Sharply After Circle Acquisition
Stablecoin giant Circle's announcement that it has reached an agreement to acquire the team and intellectual property rights of Interop Labs, the initial and core developer of the Axelar Network, triggered a sharp price reaction in the market. The fact that the agreement does not include the Axelar network or the AXL token disappointed investors' expectations, leading to a double-digit drop in the AXL price in a short time. AXL token fallsAccording to market data, the AXL token saw a value loss of up to 13% on Tuesday. The main reason for the selling pressure was that the acquisition with Circle does not offer any direct economic benefit to token holders. Under the agreement, Circle is only taking over the engineering team within Interop Labs and the company's proprietary intellectual property elements. The Axelar Network itself and the AXL token are completely excluded from this process. With Interop Labs engineers joining Circle, Common Prefix, a long-time contributor to the project, will take over a significant portion of the technical responsibilities within the Axelar ecosystem. While this structural change indicates that the development of the Axelar network will continue, the market's initial reaction was one of uncertainty regarding the token's economics. Axelar is known as an interoperability network aiming to enable communication and asset transfer between different blockchains. Circle's choice of this technology highlights the increasing criticality of cross-chain solutions, particularly in stablecoin and payment infrastructures. However, this strategic move weakened the AXL token's value proposition instead of strengthening it. Market participants quickly closed their AXL positions when they realized the acquisition did not provide token holders with any revenue sharing, buyback mechanism, or governance advantages. The deal not only failed to create demand for the token but also revealed that AXL holders were completely excluded from the economic benefits of the new relationship with Circle. This development paints an important picture of how mergers and acquisitions (M&A) are shaping up in the crypto sector. Recent deals appear to focus more on teams, engineering capabilities, and infrastructure suitable for enterprise use, rather than on tokens tied to open networks. In the case of Axelar, Circle's interest wasn't in the token itself, but directly in the technical expertise and know-how in interoperability. The resulting picture once again showed that the assumption "if the protocol is successful, the token also wins" isn't always valid. On the contrary, unless a structural link is established between the token economy and commercial agreements, such acquisitions can have negative consequences for the token price.
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16 Dec 2025
Macroeconomic Concerns Hit Crypto: Bitcoin and ETH Drop Sharply
Bitcoin and the cryptocurrency market started the week with a sharp sell-off. As risk aversion intensified in global markets, Bitcoin lost 4% in the last 24 hours, falling to $85,917, while Ethereum's decline was even more pronounced at 6.3%, dropping to $2,915. The sell-off wasn't limited to these two major crypto assets; a general market weakening was evident. According to data, BNB fell by 4%, while XRP experienced a 6% loss. Solana also felt the effects of the selling pressure, declining by 4%. This decline in cryptocurrencies coincided with a negative start to the week for US stock markets. The S&P 500 opened down 0.16%, while the Nasdaq Composite fell 0.59% and the Dow Jones dropped 0.09%. What's behind this decline?Rick Maeda, a research fellow at Presto Research, said there wasn't a clear crypto-specific trigger behind the price pullback. According to Maeda, the main factor was the general pressure on risky assets as cash stock markets opened in the US. The weak start in stocks dragged down all risky assets, including cryptocurrencies. Maeda also pointed out that market liquidity has significantly decreased as the year draws to a close. Weakened liquidity makes price movements more volatile, especially during US trading hours. This means that even relatively limited sell-offs can lead to larger price drops. Vincent Liu, investment director at Kronos Research, pointed to a similar scenario. Liu stated that with the resurgence of macroeconomic uncertainties, risk aversion has rapidly intensified, and low liquidity is turning every small pullback into a wider sell-off. According to Liu, investors have turned to safer assets during this process. The 25 basis point interest rate cut by the US Federal Reserve last week had a limited impact on the markets and was not enough to change the cautious outlook.Will there be no more "Christmas rally"?Following the Fed's third interest rate cut this year, expectations of a "Christmas rally" have also weakened. Bitcoin's continued subsistence below critical resistance levels reduces the likelihood of a strong recovery towards the end of the year. It is stated that positions are being taken more cautiously before the US inflation data expected to be released this week, and therefore prices have become more sensitive to relatively small fund movements.On the other hand, a different interpretation of the market decline came from China. Crypto trader "NoLimit," in a post on the social media platform X, suggested that the decline in prices may be linked to the slowdown in mining activities in China's Xinjiang region. According to Jianping Kong, Chairman of Nano Labs and former co-chair of Canaan, at least 400,000 mining devices in China have recently been taken offline. Kong stated that the total hash rate of the Bitcoin network dropped by approximately 8 percent, or around 100 exahashes per second, in a single day.Min Jung of Presto Research said that mining activity in China has revived in recent months thanks to cheap energy and idle data center capacity, but this recovery is quite fragile. It is not surprising that such operations have accelerated after the People's Bank of China announced at the end of November that it would take tougher measures against illegal crypto activities.Nevertheless, experts emphasize that there is no clear evidence that miners in Xinjiang have sold large amounts of Bitcoin. According to Liu of Kronos Research, pressure from China may affect hash rates and prices in the short term, but this is expected to be a temporary effect. Liu states that Bitcoin's fundamental dynamics remain strong regardless of such developments.
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16 Dec 2025