Altcoin
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Altcoin News
Browse all Altcoin related articles and news. The latest news, analysis, and insights on Altcoin.
Crypto Markets Hold Their Breath: Fed's Interest Rate Decision Could Set Direction This Week
Crypto markets are holding their breath in anticipation of the Fed's interest rate decision in the final days of July. The decision from the Federal Open Market Committee (FOMC) meeting, scheduled for July 29-30, could profoundly impact not only traditional markets but also the crypto asset universe. While the market is expected to hold interest rates steady, analyst Paul Barron's "surprise rate cut" scenario has piqued the interest of crypto investors.Could a July rate cut send crypto soaring?Crypto analyst and media host Paul Barron, in a statement on X (formerly Twitter), suggested that an unexpected interest rate cut in July could trigger sharp increases in risky asset classes such as stocks, real estate, and cryptocurrencies. Although markets have only priced in a 24% chance of a rate cut at this meeting, Barron believes such a surprise move could inject new momentum into the bull market. According to Barron, a sudden interest rate cut could lower borrowing costs, particularly driving value into growth-focused technology stocks and cryptocurrencies. The analyst, noting that the S&P 500 has performed strongly in similar scenarios in the past, stated that crypto assets like XRP and ADA could also benefit from this headwind.Deaton's support: The crypto market could boomJohn E. Deaton, a leading figure in the crypto market, also made a statement echoing Barron's. Deaton stated that if Fed Chair Jerome Powell cuts interest rates, crypto assets could see a significant price appreciation. These statements reinforced expectations within the crypto community for a "major rally."Another noteworthy element in Barron's analysis is the potential dangers of an interest rate cut. If the Fed reacts with panic to a potential economic slowdown, rather than in line with inflation and labor market data, this could be perceived as a loss of confidence by the markets.Especially despite inflation falling to 2.3%, wage growth outpacing productivity poses the risk of a "wage-price spiral." This could lead to a resurgence of inflation and deepening economic uncertainty. According to Barron's, if the cut is not aimed at growth but rather a panic reaction to signs of recession, the rally will be short-lived and will give way to fears of stagflation.Cryptocurrencies CautiousAt the time of writing, Bitcoin is fluctuating around $118,800, while Ethereum is trading in the $3,800 range. Most investors are hesitant to take aggressive positions without anticipating the Fed's move. The total crypto market capitalization is still below $4 trillion and needs a new catalyst.Forecast platforms like Polymarket have a 96.3% expectation that interest rates will remain stable. Only 3% have invested in the possibility of a 25 basis point cut. This suggests that Barron's scenario is currently considered a "marginal" possibility. However, given the Fed's history of surprise moves, it would be a mistake to completely dismiss this possibility.
Binance Announces New Yield Move: RWUSD
Binance, the cryptocurrency industry's largest exchange, has launched a new fixed-income investment product, RWUSD. According to an announcement on July 28th, RWUSD aims to offer investors an annual interest rate (APR) of up to 4.2%, based on the returns of real-world assets (RWA), particularly tokenized US Treasury bonds.What is RWUSD? How does it work?RWUSD is described as a principal-protected product offered by the Binance Earn platform. Users can subscribe to this product with USDT or USDC and in return receive a one-to-one RWUSD balance in their spot accounts. Interestingly, this product is not traded as a stablecoin or tokenized asset; RWUSD merely represents users' investments and the returns they receive from these investments. Therefore, it cannot be transferred, bought, sold, or taken off the platform. Another notable feature of the product is that it serves as collateral. This means that RWUSD can be used as collateral by users seeking loans under Binance VIP Loans. Furthermore, they continue to earn interest during this process. Returns earned with RWUSD are calculated daily and transferred to users' spot accounts as RWUSD. Investors can exit in two ways: standard or fast:In a standard exit, RWUSD is converted to USDC within three days with a 0.05% fee and transferred to the account.In a fast exit, the conversion is instantaneous, but this transaction carries a 0.1% fee.On some days, Binance may even offer free quotes for fast exit transactions. The personal investment limit is quite high: users can invest up to $5 million in RWUSD and earn a fixed APR return on this amount.What is RWUSD not?Binance emphasizes that RWUSD is not a stablecoin, security, fund, or on-chain asset. Users do not have a direct claim on any real-world asset. In this respect, RWUSD is not an investment product in the traditional sense; A record of earnings and collateral within Binance.RWUSD is a continuation of similar products previously offered by Binance, such as BFUSD and LDUSDT. Binance Vice President of Product Jeff Li stated, “With RWUSD, users can earn relatively stable returns regardless of market conditions. The positive feedback we've received for BFUSD and LDUSDT shows we're on the right track in developing RWUSD.”As a result, RWUSD has become one of Binance's next-generation products that offer crypto users access to real asset returns without being decentralized. Its appeal to investors seeking fixed returns and its ability to be used as collateral have attracted attention. However, before investing in RWUSD, users are advised to carefully read the relevant risk disclosures and terms. It's important to note that APR rates are subject to change at Binance's discretion and that the product is subject to certain regional restrictions.
Record in Crypto Funds: Ethereum, Solana, and XRP Lead the Way
Institutional investor interest in the cryptocurrency markets is regaining momentum. CoinShares' latest weekly report revealed that investments in cryptoasset funds reached a record high in July. Strong inflows, particularly into Ethereum-focused funds, signaled rising investor expectations in this area, while altcoins like Solana and XRP also stood out with notable investments. However, slight outflows in Bitcoin were also noted.CoinShares: $1.9 billion inflow into crypto investment productsInterest in cryptoasset investment products has peaked again. According to CoinShares' weekly report, total inflows into crypto funds reached a record high of $1.9 billion last week. The total inflow for July reached a record high of $11.2 billion. This figure is well above the $7.6 billion inflow seen in December, following the 2024 US elections.These strong inflows, combined with the 15th consecutive week of positive investment, hinted at an improvement in market sentiment. Ethereum's performance was particularly noteworthy. Ethereum, which attracted $1.59 billion in funding last week alone, experienced its second-strongest week in history. With this latest data, the total investment in Ethereum since the beginning of the year has risen to $7.79 billion, already surpassing the entire year of 2024.Bitcoin, on the other hand, experienced a slight pullback. With $175 million in outflows, BTC, unlike other altcoins, followed a cautious course. Market observers are interpreting this as a sign of a possible "altcoin season." However, the picture is complex; there is selective interest in altcoins. What was the interest in altcoins?Among the prominent altcoins, Solana performed strongly with $311 million in weekly inflows. XRP, on the other hand, remained on investors' radars with $189 million in funding. SUI, a more niche market, also saw $8 million in inflows. In contrast, Litecoin saw $1.2 million in outflows, and Bitcoin Cash saw $0.66 million in outflows. This chart suggests that, rather than widespread altcoin enthusiasm in the market, strategic positions focused on specific projects are being taken. All eyes are on potential altcoin ETF approvals, particularly in the US.The US LeadsRegionally, the majority of inflows came from the US ($2.03 billion). Germany also contributed $70 million. However, outflows occurred in markets such as Brazil (-$23 million), Canada (-$84 million), Hong Kong (-$160 million), and Sweden (-$30 million). This suggests that interest in crypto funds remains largely American-centric.
Trump's EU Trade Deal Boosts Bitcoin and Markets
US President Donald Trump has finally signed the long-awaited customs agreement with the European Union (EU). Instead of the hefty 30% tariffs expected to take effect on August 1st, the parties agreed on a flat 15% tariff rate. This development not only helped prevent global trade wars but also ignited financial markets and cryptocurrencies. Following the agreement's announcement, the S&P 500 index surpassed the 6,400 level, moving one step closer to its all-time high. Around the same time, Bitcoin (BTC) surpassed $120,000, a level it hadn't surpassed for nearly two weeks. However, the leading cryptocurrency remains below its all-time high of $123,080.US and EU reach agreementThe agreement, announced after a meeting between Trump and EU Commission President Ursula von der Leyen in Turnberry, Scotland, could herald a new era in the global trading system. The parties agreed to a flat 15% tariff instead of tariffs that could have reached as high as 30%. However, products such as aircraft parts, some chemicals, and pharmaceuticals were excluded from this tariff.Trump also announced that the EU will purchase $750 billion in energy from the US over the next three years and pledge an additional $600 billion in investments. These investments include defense equipment. Von der Leyen emphasized the importance of the agreement, saying, "This is not just a trade agreement; it is a step toward restoring geopolitical balance."Markets soar: Stocks, Bitcoin, and altcoins rallyThe announcement of the agreement revived risk appetite in global markets. Dow Jones futures jumped 180 points (approximately 0.4%), while Nasdaq 100 and S&P 500 futures rose 0.4% and 0.3%, respectively. US stock markets, which had already closed strong on Friday, started the week positively with this development. Looking at the top 10 cryptocurrencies, Bitcoin and Ethereum (ETH) also joined the rally, rising 3% to above $3,850. BNB tested its all-time high of $825 following the news and surpassed Solana to become the fifth-largest cryptocurrency again. Gold steady, Europe on holdFollowing the developments, gold, considered a safe haven, traded flat at $3,335. European markets saw less activity. Major indices like the German DAX, the French CAC 40, and the Spanish IBEX 35 saw no significant change. However, Italy's FTSE MIB rose 0.3%, and Sweden's OMXS30 rose 0.23%.Many EU leaders cautiously welcomed the agreement. German Chancellor Friedrich Merz stated that it was a significant development for the automotive sector, while the Dutch and French commented that "lower tariffs would be better." Italian Prime Minister Giorgia Meloni said that this agreement "prevents direct conflict across the Atlantic."
ZEN Comment and Price Analysis July 27, 2025
ZEN Technical AnalysisAnalyzing ZEN on a daily time frame, we see that the price has broken out of the long-held descending trend line, and after a healthy retest to this line, ZEN keeps its upward movement. The price managed to surge above $9 with the help of buyers starting in July in particular, suggesting that ZEN is now poised for a breakout. Trend Breakage We have the first strong support level at around the range between $8.34 – $8.12, which is technically crucial as it served previously as a channel where buying volume was high and it is close to the lower border of the downtrend. We can talk about deeper corrections because of the sell pressure if the price stays below this crucial level. Another lower support level is the range between $6.60 – $7.20, which is so far away from the level ZEN currently is and can only be mentioned should we see a major sell pressure.The first resistance range before the price is now $8.96 – $10.21. The level at $10.21 can be a key breakout level as this level is both a horizontal resistance and a place where it intersects with MA200. Unless this key level is exceeded, price action could be limited. On the other hand, if the price can hold above this key level permanently, the target could be the range between the levels at $12.50 – $14.00.The next technical resistance level is $17.19 for stronger price action up.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
BCH Comment and Price Analysis July 27, 2025
Bitcoin Cash (BCH): Breaking Out of Years of Pressure and a Momentum ReversalWhen we analyze BCH on a weekly time frame, we see that BCH is printing a huge comeback story. The descending trend line suppressing the price as of 2021 is now at a breaking point. The first candlestick above the trendline is just hours away from closing this week, and this breakout represents the breakout of a falling structure persisting for almost four years.The price has tested the neckline of the formation at the level of $585.4. This area is the intersection of both the downtrend and the horizontal resistance that hasn't been broken for over a year. However, this contact is no coincidence. Before reaching this level, a massive cup-and-handle pattern formed on the weekly chart. It can be stated that this formation alone carries the potential for a major breakout.Looking at the levels, as soon as the breakout is complete, the first short-term targets will be the levels at $605.9, followed by $640.A short-term retest of the trend structure, which has broken out of this zone, is possible. Momentum could increase as buyers prevail over sellers in this zone. Cup-Handle Formation Positive Divergence: A Silent ReversalBitcoin Cash's RSI failed to confirm the new lows it made throughout 2022 and 2023. While the price made new lows, the RSI made higher lows. This is a classic and powerful example of positive divergence.In other words, the market was falling on the surface, but buying power was beginning to strengthen internally. Such divergences indicate a reversal, not an end to a trend. In the case of BCH, this signal has been building for months, and now, along with the price, the RSI is breaking upwards.Positive divergences often precede large price movements. However, most investors only notice this signal in retrospect. In the case of BCH, this signal occurred on a weekly basis, meaning its impact wasn't short-term but could sustain a months-long upward trend.Target of the Formation: Between the levels $1,300 – $1,600The cup-and-handle pattern on the chart is not ordinary. It formed over a long period, encompassing a period of high volume and years of bottoming. A break above the neckline technically brings not only the $650–$700 target but also the broader $1,300–$1,600 range within reach.In short, Bitcoin Cash's current situation cannot simply be described as "rising." It's the end of a years-long pressure. The price reaching the neckline is no coincidence; it's the result of a deliberate formation. Having remained silent for three years, BCH will soon be on everyone's radar. Those who are now taking their place are the ones who read the structure before the breakout. For the rest, this chart will soon be known only as "if only."
USUAL Comment and Price Analysis July 27, 2025
USUAL Technical AnalysisAnalyzing the USUAL chart on a daily time frame, we see that it is struggling to break out of the descending channel which has been active for 6 months. Meanwhile, the cup and handle formation we see on the chart indicates that the downtrend has ended and the uptrend potential has increased. Cup-Handle Formation According to the chart, the nearest support zone is around the levels at $0.0902 – $0.0960, which also acts as the horizontal resistance and as the neckline of the formation. Should the price hold above this level, buyer interest might increase and we can see the cup-handle formation be complete if the downtrend gets broken in the short term.In terms of resistance levels, the levels at $0.1085 and $0.1305 stand out. This resistance area previously worked as support but it has now reversed its support-resistance transition, meaning that sellers are more dominant than buyers here. However, the most important area is the range between the levels of $0.2369 – $0.2700 which stands as a strong resistance long dominated by sellers. Moreover, the chart highlights that a rise to this level has a potential of approximately 91%, a scenario which is consistent with the technical projection of the cup-and-handle formation.The next resistance ahead is the level at $0.3122 if the formation target is exceeded. Remember that this level serves as a psychologically important point since it refers to the level where the main fall started previously.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
WLD Comment and Price Analysis July 27, 2025
WLD Technical AnalysisLooking at the WLD chart, it is clear that there is a proper long-term falling wedge formation going on. We see that this wedge has recently been broken above; however, WLD retreated to the trend zone following the strong sell-off after the breakout. Therefore, it is vital that the price should hold above this area. In fact, it is currently trying to hold between the levels at 1.127 and $1.225.According to the falling wedge formation, the technical primary target could be the level at $4.00, but we should be following the intermediate resistance levels before WLD reaches its technical target. Falling Wedge Structure Summary:Price: $1.121; it retreated below the trend after the wedge breakout.The levels at $1.127 and $1.225 are vital for the price to hold above the trend.The levels at $1.550 → $1.960 → $2.130 are targets in case of an upward breakout.Target of the wedge formation is $4.0Possible support levels to follow are $0.946 → $0.792 in case of a pullback.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ARB Comment and Price Analysis July 27, 2025
ARB Technical OutlookAnalyzing the ARB chart on a daily timeframe, we can clearly see the wide falling wedge formation, the beginning of which is too old to be seen even on this daily chart—suggesting that the pattern is truly long-term.ARB is trading around the level of $0.4298, with a rise to $0.50 in the last candle. In terms of a price increase, this action was important, yet we saw selling pressure and the rise could not continue.Currently, the levels at $0.4516 and $0.5046 are standing as short-term resistances. A daily close above $0.5046, in particular, could clarify the falling wedge breakout. The technical formation target of $2.4250 could come back on the agenda in the mid-to-long term.We should be following the levels at $0.3900, $0.3558, and the lower border of the channel at $0.2849 in case of a pullback. Weekly Falling Wedge Formation Summary:Price: $0.4298, $0.50 was tested with the latest candleFormation: long-term falling wedgeIn case of a breakout, the target is $2.4250Short-term resistance levels are: $0.4516 → $0.5046 → $0.5475In case of a pullback, the supports to follow are: $0.3900 → $0.3558 → $0.2849These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ONDO Comment and Price Analysis July 26, 2025
ONDO Short-Term Technical AnalysisOndo has formed a new high pattern on the short-term chart. The price is currently trading around the level of $1.0189, and the high at $1.1214 has not yet been breached. Therefore, the analysis will remain valid unless $1.12 gets broken.The uptrend is valid, and its support coincides with the $0.8861–$0.9019 support zone. We should be following this strong price range where buyers may re-enter the market in case of a pullback.A daily closing below the support area will render the chart pattern invalid, and then the price may technically drop to the levels of $0.70 and $0.74.On the other hand, a new pattern formation could start if the price breaks above the level at $1.12. In this scenario, the price could climb to the level of $1.25 with a new uptrend. Short-Term Perspective Summary:Price: $1.0189, a short-term new high occursChart remains valid if the price trades belowSupport zone: $0.8861–$0.9019 (overlapping with trendline)There is a potential risk of pullback to the level of $0.70 if the support gets brokenA daily close above the level $1.12 could make the level $1.25 a possible targetThese analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
CAKE Comment and Price Analysis July 26, 2025
CAKE Technical AnalysisWhen analyzed closely, the CAKE chart displays a long-term ascending triangle formation and the price has reached the upper border of this formation. The level at $2.84 stands as both horizontal resistance and the peak point of this formation. Though the price has been rejected from here many times, it is positive for the upward momentum to test this level again. Triangle Formation The first target will be the level at $3.42 if we see a clear breakout from this area, which has historically worked as a strong sell zone in the past and from which the price bounced. Given the formation's target, a breakout of this area could also push the price higher.The key support level is the range between $2.20–$2.25, which coincides with the ascending trendline. We should expect a gradual pullback to the levels of $1.95 and $1.80 if the price drops below the $2.20–$2.25 range. The price previously bounced from the level at $1.54 many times, and below this is the major support level shown by the blue channel.Analyzing CAKE coin’s price action, we can see that buyers are patiently and consistently defending support while sellers are putting pressure on the upper resistance. The direction of the imminent breakout will be a key signal that will determine market sentiment.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
SEI Comment and Price Analysis July 26, 2025
SEI Technical AnalysisWhen the SEI chart is analyzed on a daily timeframe, we see that the coin is still trading within the descending channel; yet, short-term price movements suggest that there is a potential towards the upper border of this falling channel. With the recent price rise, the coin tested the horizontal resistance at $0.3857 and then retreated. Falling Channel Structure If we see a breakout above the resistance level of $0.3857 and a price closing above this level on a daily timeframe, the price could surge to $0.50. If there comes a breakout of the channel, the price could climb to the price range between $0.72–$0.73, which stands as a key area where the price previously saw sell pressure.The range between the levels of $0.2983–$0.2709 is a significant support, as it serves as both horizontal support and a concentration of MA50 and MA200. If this support level gets broken, the drop in price could gain momentum, and it could retreat to the support level at $0.2175. The blue channel, which is below this level, is an OB (order block) zone, where strong buyers have historically stepped in.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
What is Mantle (MNT)?
In the crypto world, anyone dreaming of an experience as powerful as Ethereum, yet faster and cheaper, is now looking to Mantle. Standing out among next-generation Layer-2 solutions, Mantle (MNT) claims, "Expanding the boundaries of Ethereum is possible" with its modular structure, community-focused approach, and innovative technologies. In other words, it offers Ethereum's robust security infrastructure on one hand, and a blockchain environment where you can achieve lightning-fast results while paying pennies per transaction. This balance lies at the heart of Mantle. Underlying the foundation is a massive community support system like BitDAO, next-generation data technologies like EigenLayer, and, of course, a DAO model that makes all decisions collaboratively.Mantle (MNT) is a Layer-2 blockchain network that aims to leverage the power of Ethereum and make it faster, cheaper, and more flexible. Its foundation is based on a modular architecture; by dividing transaction processing, data storage, and consensus into separate layers, it offers a more scalable structure. Transaction fees are significantly lower than Ethereum, and speed is many times faster. Using Rollup technology, transactions are collected outside of Ethereum and sent to the main chain for confirmation. Data transfer in this architecture is done via EigenDA, the EigenLayer infrastructure. The project's origins lie in the BitDAO community in 2021; in 2023, BitDAO and Mantle merged, replacing the old BIT tokens with MNT. The network officially launched in July 2023, and the MNT coin was listed on exchanges.So, what exactly is Mantle, how does it work, what is MNT coin, and what are the benefits of MNT tokens? In this guide, we explain all the details, from the project's origins to its technological infrastructure, to its token structure and governance, in fluent and simple language. If you're ready, let's take a step beyond Ethereum.Mantle's Definition and OriginsMantle (MNT) is a modular Layer-2 blockchain network built on Ethereum but aims to overcome some of its limitations. Its primary goal is to process transactions much faster and more affordably without compromising Ethereum's security. It does this through a system called Optimistic Rollup: Transactions are first collected outside of Ethereum, then packaged and sent to the main chain. This reduces transaction fees by approximately 80% and speed is increased by 20 times compared to Ethereum. Mantle's architecture is also highly flexible; components such as transaction processing, consensus, and data storage operate in separate layers. This modular structure provides developers with greater freedom and allows the network to scale more easily. Mantle has also integrated EigenLayer-powered EigenDA technology to securely transfer data transactions to Ethereum. In short, as a Layer-2 solution, Mantle not only leverages Ethereum's robust infrastructure but also enhances the user experience by making it faster and more accessible.The Mantle project was founded in 2021 by the BitDAO community, which was also supported by Bybit. This community, with its substantial endowment, was established to support projects that contribute to the Ethereum ecosystem. In 2023, BitDAO merged the two by launching its own Layer-2 network, Mantle. With this merger, BitDAO's BIT token was replaced by MNT, with holders of the old token receiving a 1:1 ratio of MNT. Table showing BitDAO-Mantle exchange rate. Source: Mantle In July 2023, the Mantle mainnet went live, and MNT coin began trading on exchanges. If you're wondering, "So, who owns this project?", Mantle isn't managed by a single company or individual. All decisions are made by the community through a DAO structure.The key difference between Mantle and other Layer-2 solutions is that it operates with a modular blockchain architecture. So, what does this mean? In short, tasks like transaction processing, consensus, and data storage don't occur in a single location, but rather in separate layers. For example, in Mantle, transactions are executed on the L2 chain, while confirmation and security are completed on the Ethereum main chain. This allows the network to remain both flexible and robust. One layer can be updated when needed, leaving the others untouched. This modular structure offers significant advantages in terms of both performance and security. Another advantage is its EVM compatibility, meaning applications running on Ethereum can be ported to Mantle with virtually no effort. Developers don't need to learn a new language or rewrite their code. This makes it easier for projects to migrate to Mantle and accelerates its adoption.The Mantle network technically uses the Optimistic Rollup infrastructure. This method means that transactions are sent to Ethereum as packets, assuming they are "correct" (the Optimistic Rollup approach). If an erroneous or malicious transaction is detected, proof-of-fault (atsparus sukčiavimui) mechanisms can be activated within a certain objection period. In classic Optimistic Rollup solutions, this objection period on Ethereum can typically be as long as 7 days. Mantle, however, adopts an innovative approach to shorten this delay: it uses an additional verification layer called Multi-Party Computation (MPC). MPC nodes in the Mantle network independently calculate and sign the state roots of blocks generated by the sekvencinis, increasing confidence in the validity of the blocks. This process can reportedly reduce the 7-day objection period to just 1-2 days. In short, the Mantle network aims to provide rapid finality through both rollup technology and additional verification layers. Another key component of the Mantle network is the EigenLayer integration. What is EigenLayer? Simply put, it's a "restaking" protocol that allows ETH already staked on Ethereum to be reused. The goal is to leverage this existing security for other services—for example, data storage. Mantle also uses EigenDA technology, a product of this system, as the data availability layer. Normally, in rollup solutions, transaction data is written back to Ethereum for security. However, this can be expensive and limiting. Mantle, however, sends data to EigenDA instead of Ethereum. EigenDA operates in a decentralized manner; data is securely stored thanks to hundreds of validator networks, and only digests are transmitted to Ethereum. This not only maintains security but also makes the system much more scalable. In March 2025, Mantle fully integrated EigenDA, becoming the first major Layer-2 network to fully adopt this technology. This structure, currently supported by more than 200 operators, has significantly increased the network's censorship resistance and expanded its bandwidth far beyond Ethereum's data transfer limits.Mantle's History: Key MilestonesThe development of the Mantle project was shaped by several significant milestones. When was Mantle launched? What phases did it go through? Below, you can find critical developments regarding the Mantle network year by year:2021: The BitDAO community launched the governance token BIT, creating a massive DAO treasury. Founded under the leadership of the Bybit exchange and backed by prominent investors such as Peter Thiel and Pantera Capital, BitDAO set out to support various DeFi and Web3 initiatives.2023: The BitDAO and Mantle teams decided to merge. In May 2023, a community vote merged the BitDAO ecosystem under the Mantle brand, initiating the "BitDAO token transformation." As part of this merger, the "one brand, one token" principle was adopted, and the launch of the new MNT token was announced. While technical preparations were underway for the BIT-MNT token swap in June 2023, the Mantle network's mainnet launched in July 2023, officially launching MNT tokens. As of July 2023, the MNT token began to be listed on exchanges and used on the network. The Mantle Network's Mainnet Alpha launch took place on July 17, 2023, laying the foundation for a new ecosystem leveraging the power of the BitDAO treasury and community. Thus, the BitDAO-Mantle merger took place.2024: The Mantle network took significant steps in EigenLayer integration and ecosystem growth. Throughout 2024, Mantle began gradually integrating EigenLayer's EigenDA technology for data sharing with Ethereum and completed the majority of this integration by the end of the year. This enabled Mantle to offer greater security and scale in data availability. 2024 also saw the birth of a massive fund dedicated to growing the Mantle ecosystem: the Mantle EcoFund. A substantial sum of 200 million in capital from the BitDAO (now Mantle Governance) treasury and strategic partners was announced as an ecosystem fund called the Mantle EcoFund around March 2024. Managed in collaboration with leading investment firms such as Polychain Capital and Dragonfly, this fund began investing in projects that would run on the Mantle network. The number of decentralized applications on the Mantle Network grew rapidly in later months, and by the end of the year, the total value locked (TVL) on the network surpassed $2 billion. The Mantle EcoFund also expanded the ecosystem by supporting numerous new projects through various investment rounds throughout the year. Some investments made under the EcoFund. Source: Mantle EcoFund 2025: Mantle welcomed the new year with major breakthroughs for developers and users. At the beginning of 2025, the Mantle network announced the full completion of its EigenDA integration, bringing it to a massive data layer with over 200 operators, a first among L2 networks. This integration propelled Mantle to the forefront in terms of scalability and censorship resistance. At the same time, in the first quarter of 2025, Mantle began providing significant support to various decentralized finance (DeFi), gaming (GameFi), and social media-focused Web3 projects through the Mantle EcoFund. For example, as part of the Mantle EcoFund & Scouts Program, cross-project acceleration programs were launched with different ecosystems (e.g., the TON network), and these programs have brought high-quality projects to the Mantle network. Also in 2025, numerous grant programs and hackathons were organized for developers: Mantle Hackathons in the Asia-Pacific region, competitions for game developers under the Mantle Games Fest, and initiatives for AI-powered dApps were launched under the MantleX AI Initiative. These initiatives spurred Mantle's growth across a wide range of sectors, from DeFi and NFTs to gaming and AI applications. Indeed, as of May 2025, over 250 dApps were actively operating within the Mantle ecosystem; these applications ranged from decentralized exchanges (DEXs), lending protocols, NFT marketplaces, games, and even AI-powered finance applications. Mantle's total locked value surpassed $1 billion, making it one of the largest L2 networks.Why Is Mantle Valuable?So, what makes Mantle so special and valuable? Beyond being merely a technical Layer-2 network, Mantle stands out with both its infrastructure and the strong community behind it. The MNT token is at the heart of this structure, playing a role in many aspects, from network operation to governance. Let's take a look at the Mantle network and the key elements that add value to the MNT token.Fast and Cheap Transactions with Ethereum's SecurityMantle operates as an Ethereum Layer 2 network, relying on Ethereum's robust infrastructure for security. However, because transactions occur on its own chain, not on Ethereum itself, it gains speed and significantly reduces transaction fees. So, instead of dealing with Ethereum's high gas fees, when you want to use a dApp or send tokens, you can do so much more quickly and affordably on Mantle. For example, transaction fees on Mantle are approximately one-fifth those on Ethereum, and the network can process many more transactions simultaneously. This translates to a smoother, cheaper, and more user-friendly experience for users.Modular Architecture and Development FlexibilityMantle's modular blockchain architecture allows each layer of the network (i.e., transaction processing, consensus, and data storage) to be updated independently. This offers developers considerable freedom. For example, if a better data storage technology emerges in the future, only that layer can be replaced, leaving the rest of the network unchanged. Or, to improve performance, only transaction processing can be improved. This flexibility is difficult in traditional blockchains, where everything is interconnected and monolithic. However, Mantle's modular structure makes it both open to development and robust in the long term. In short, as technology advances, Mantle can evolve with it. Difference between modular and monolithic networks The Versatile Uses of the MNT TokenMNT, Mantle's native token, plays many important roles within the network. First, just like ETH on Ethereum, transactions on Mantle are paid with MNT. This means you need to have MNT in your wallet to execute a transaction or run a smart contract. Second, MNT is a governance token; holders can participate in decisions about the future of the network by voting in the Mantle DAO, such as deciding which projects to allocate funds to or which technological updates to implement. Third, MNT can be staking. This means that by locking your tokens and contributing to the security of the network, you earn rewards. These rewards can be tokens from other projects (e.g., $EIGEN or $ENA), or "MNT Power" points, which provide additional governance influence. Furthermore, MNT is central to ecosystem incentives. It is actively used in many different areas, such as providing liquidity in DeFi protocols, earning rewards in games, or distributing bonuses in various campaigns. In short, MNT isn't just a payment instrument; it also acts as the heart of the Mantle ecosystem.A large treasury and active community (Mantle DAO)One of Mantle's greatest strengths isn't just its technology, but also its community and massive treasury. This treasury was originally formed by the merger of BitDAO assets in 2023 to form the Mantle Treasury. It holds billions of dollars in crypto assets. For example, approximately 49% of the total MNT supply, or approximately 3.17 billion MNT, is currently held by this treasury, and this resource is used directly for network development. As of 2024, this treasury's value exceeded $4 billion. This budget is channeled into various areas, including funding new projects, R&D efforts, liquidity support, and ecosystem partnerships. All these decisions are made by the community. Actions are determined through votes cast through the Mantle DAO, meaning the community truly has a say in this network. Active users constantly present new proposals, shape budgets, and continuously grow the ecosystem.Strong partnerships and a secure data layerOne of the things that makes Mantle valuable is not only its robust infrastructure but also its open approach to technology and collaboration. Its integration with EigenLayer, in particular, clearly distinguishes it from other Layer-2 projects. Thanks to the EigenDA data layer running on Ethereum, Mantle can store transaction data more economically and efficiently than writing it directly to Ethereum. Furthermore, the security of this data is ensured by dozens of validators supported by staked ETH on Ethereum. This structure both enhances security and enables the network's long-term sustainable growth. EigenLayer founder Sreeram Kannan describes Mantle’s adoption of this technology as “Ethereum’s modular vision coming to life.” The Mantle team emphasizes that this integration brings enterprise-level scalability and sets a new standard in the industry. Furthermore, Mantle has also integrated Oracle with powerful projects like Chainlink and aims to reduce inter-chain bridge times by collaborating with teams working on zk (zero-knowledge) technologies like Succinct. Some projects in the Mantle ecosystem. Who is the Founder of Mantle?If you're asking, "Who is the founder of Mantle?", this question can't be answered with a single name in the traditional sense. Mantle is a project launched by a decentralized DAO (Decentralized Autonomous Organization), the BitDAO community. There's no "sole founder" like Vitalik Buterin; instead, it's a structure shaped by the contributions of thousands of community members. Today, Mantle's governance is carried out under the Mantle Governance umbrella, inherited from BitDAO. Major decisions like the issuance of a new token, the establishment of ecosystem funds, or technical updates are made through community votes.So, "Who owns the Mantle coin?" The answer to the question is clear: The network is directly owned by the community. MNT token holders participate in governance processes and decide how the network will develop. Of course, there's also a core team developing the project: Mantle Core. This team consists of engineers, product managers, and researchers with expertise in Ethereum scaling and Web3 technologies.Furthermore, several prominent figures have played a role in the project's development. For example, Bybit CEO Ben Zhou, Game7 and HyperPlay founder jacobc.eth, and strategist Jordi Alexander, among others, provided support with ideas and strategies in Mantle's early days. However, these individuals are not founders; rather, they are individuals within the community who propose or support the project. Indeed, the project first came to the fore with a proposal made by jacobc.eth and Ben Zhou on the BitDAO forum. The community then embraced the idea and brought it to life.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Mantle:What is Mantle and how does it work with Ethereum?: Mantle is a Layer-2 scaling solution running on Ethereum. It inherits Ethereum's security and smart contract capabilities, but processes transactions outside of the Ethereum main chain and returns them to Ethereum in a digest form using rollup technology. This provides a transaction environment integrated with Ethereum but faster and more cost-effective than it, effectively acting as an additional layer running parallel to the Ethereum main chain.What does the MNT token do?: MNT is the native cryptocurrency of the Mantle network and is designed as a multi-purpose token. First, all transactions on Mantle are paid for with MNT (gas fees), making it central to economic activity on the network. Furthermore, MNT acts as a governance token, providing voting rights within the Mantle DAO – MNT holders have a say in decisions about the future of the network. In addition, MNT tokens can be staked (locked) to contribute to network security, allowing users to earn rewards and gain additional leverage in governance.What is the relationship between Mantle and BitDAO?: Mantle is a project born from the BitDAO community. Founded in 2021 as a decentralized organization with a large treasury, BitDAO has supported various crypto projects. In 2023, the BitDAO community embraced the Mantle project with the vision of launching its own Layer-2 network, merging the BitDAO and Mantle brands. As a result of this merger, BitDAO's governance token, BIT, became Mantle's MNT token, and BitDAO assumed the governance of the network, taking the name "Mantle Governance." In short, the Mantle network is a technological product and continuation of BitDAO; BitDAO is the community behind Mantle and its financial backing.Who is the founder of Mantle?: Mantle has no specific founder; The project is a community initiative governed by a decentralized autonomous organization (DAO) model. This means Mantle was founded and managed jointly by the BitDAO/Mantle community. Therefore, the answer to the question, "Who owns Mantle coin?" is that there is no single person who owns or creates the project—all MNT token holders own the network. The initial proposal for the project was made by community members on the BitDAO forum, and the development process was carried out by the Mantle Core team and independent contributors.Why does Mantle have a modular structure?: Mantle's modular blockchain architecture provides advantages in scalability and flexibility. In a modular architecture, the blockchain's different tasks (such as transaction processing, consensus, and data storage) are designed as separate layers, allowing each to be optimized separately. Mantle has adopted this approach; it uses the Ethereum main chain as the consensus and security layer, while making its own L2 chain the transaction processing layer and integrating an external layer, such as EigenLayer, for data storage. This modularity allows Mantle to grow without network congestion, integrate new technologies into its infrastructure as needed, and operate with high efficiency. This means that Mantle offers a more scalable, upgradeable, and cost-effective solution because it's modular.How to stake MNT tokens: To stake MNT on the Mantle network, you first need to hold your MNT tokens in a supported wallet (e.g., Metamask + Mantle network). You can then stake your MNT by locking them for a specific period through Mantle Rewards Station or a similar official staking platform. The MNT you stake support participation in the network's validator/operator nodes, and in return, you receive rewards—usually in the form of other tokens within the Mantle ecosystem (e.g., $EIGEN, $ENA) or directly in the form of MNT. Staking is highly transparent because it's done through smart contracts; you can unlock and withdraw your tokens at any time (but note that withdrawals are sometimes possible after the lockup period). In short, staking MNT is a way to contribute to the security of the network and earn passive income at the same time.For more on Layer-2 solutions and modular blockchain projects, follow our JR Kripto Guide series.
Big Day for Bitcoin and Ethereum: $14.5 Billion Options Expiration Could Shake Markets
Cryptocurrency markets could experience sharp volatility on the last Friday of July. A total of $14.59 billion worth of options contracts on Bitcoin and Ethereum expire today. These large-scale expirations pose both risks and opportunities for investors and traders.July expiration is comparable to June'sAccording to Deribit data, the total notional (hypothetical) value of Bitcoin options alone is $11.94 billion. The total open interest in these contracts is 103,584. The put/call ratio (sell/buy balance) is 0.93, meaning there are more buy positions than sell positions. This ratio suggests a cautious but bullish outlook in the market. The "maximum pain" price for Bitcoin is $112,000. This level represents the price point where the largest investor will experience losses. At the time of writing, the Bitcoin price was $116,381. This suggests that downward pressure may increase in the short term due to options.On the Ethereum side, the total value of options expiring is approximately $2.65 billion. Open interest has reached 737,361, and call options are also dominant here. The put/call ratio of 0.88 indicates that, similar to Bitcoin, buy positions are dominant. The maximum pain level for Ethereum is $2,900. ETH, currently priced at $3,634, is also likely to experience a correction towards this level due to options pressure.The Largest Bitcoin Selling Position in HistoryThe largest Bitcoin put option transaction ever recorded on Deribit also occurred during this period. This put option, totaling $600 million, bet that the BTC price would fall below $110,000 by August 8, 2025. This suggests that a significant downward trend is expected in the market.Furthermore, discussions about the "CME Gap" are once again on the agenda among investors. The price gap between $115,625 and $114,305 in the CME futures market has not yet been fully filled. Since such gaps have historically tended to be filled by the price, Bitcoin is expected to correct towards this region.Whale movements and liquidationsLarge investors are also adding to the market tension. According to Lookonchain data, a whale named AguilaTrades liquidated a position worth 720 BTC (approximately $83.3 million). The total loss from this position exceeded $4 million. As we reported this morning, institutional actors such as Galaxy Digital were also seen transferring large amounts of BTC to exchanges. The company transferred 11,910 BTC to various exchanges in recent days. Another noteworthy development was the movement of 3,962 BTC from a wallet that had been dormant since 2011. This fueled speculation that old whales might be reviving and putting pressure on the market. There are still significant short positions held in the options market. Despite this, long positions are also increasing, with volatility around 30%. Similarly, the dominance of call options is notable even in Tesla stocks, while the "buy the dip" strategy is gaining traction in the crypto market. As Bitcoin and Ethereum expire in July, prices are likely to retreat to their "maximum pain" levels. However, historical data suggests that the market generally tends to recover after options expire. Options on Deribit will expire at 11:00 PM Turkish Time, after which the market will seek new direction.
Nasdaq-Listed Company to Buy $500 Million in BNB
US-based Nasdaq-listed company Windtree Therapeutics (WINT) has made a bold decision that has shaken up the cryptocurrency market. The company plans to raise a total of $520 million through a $500 million equity credit line and a $20 million share purchase agreement. Ninety-nine percent of these funds will be used to directly purchase Binance Coin (BNB).This move, which Windtree calls the "Bold Windtree BNB Strategy," challenges traditional corporate finance approaches. To implement this strategy, the company must increase its authorized share count with shareholder approval. If this approval is received, Windtree's investment of nearly all of its new funding in a single altcoin would be a unique institutional investment model in the crypto world. Currently, most companies choose Bitcoin for cryptocurrency investments.Why was Binance Coin chosen?Build and Build Corp is behind Windtree's strategic decision. The company's over 43 years of experience in asset management inspires confidence among investors. This initiative also includes leading crypto investors such as Discovery Capital, Galaxy Digital, Kraken, and Off The Chain Capital. Thanks to the new partnership with Kraken, the storage, trading, and liquidity management of Windtree's BNB reserves will be handled through Kraken's infrastructure. This aims to bridge the gap between traditional finance and the crypto world.Following Windtree's announcement, BNB price briefly rose. On July 23, BNB reached an all-time high of $809. However, it has since fallen 6% to $764. At the time of writing, it is trading at $772, a 0.18% gain. It has reached a daily high of $784.6. Is a corporate treasury transformation underway?Windtree's shift toward BNB signals a different approach than companies that have largely shifted toward more established cryptocurrencies like Bitcoin or Ethereum. While companies like Tesla and MicroStrategy currently hold BTC on their balance sheets, Windtree is taking a different approach by investing directly in BNB. This could pave the way for the inclusion of altcoins in corporate finance strategies.However, it's important to remember that this approach carries risks such as exchange rate fluctuations, regulatory uncertainty, legal risks, and shareholder backlash. Indeed, some experts may be concerned that shareholders could dilute their holdings or suffer losses if the BNB price declines.Other companies like Windtree are developing similar strategies. Web3-focused Nano Labs announced last month that it would establish a $1 billion BNB reserve and purchased $50 million in BNB as a first step.
