Tag: Token

BNB Open Interest Crosses $780M After $1 Billion Token Burn: What Follows?

Key Notes Token burn permanently removes 1.6 million BNB tokens worth over $1 billion from circulating supply of 139.29 million. Derivatives trading volume jumped 33.94% to $613.7 million with long-to-short ratios favoring bullish sentiment. Technical analysis shows BNB above all major moving averages with MACD crossover supporting potential breakout to $700-720 range. BNB Chain confirmed the completion of its 32nd quarterly burn event, permanently removing 1,595,599.78 BNB from circulation, worth just over $1 billion at current prices. With BNB circulating supply now cut to 139.29 million BNB, bull traders could…

HYPER Token Soars 150% Overnight — Why It’s Pumping

Key Notes Hyperlane tops today’s gains with a 150% price surge. Upbit listing scheduled for July 10 boosts trader enthusiasm. HYPER is currently trading at around $0.2825 with a 1,000% surge in trading volume. Bitcoin’s surge to a fresh high above $112K has resulted in a rally across the crypto market. But today’s star performer is Hyperlane’s HYPER token, gaining around 150% in 24 hours. HYPER has recorded a 1,000% surge in its 24-hour trading volume to $192 million, according to CoinMarketCap data. At the time of writing, HYPER has…

NEAR Surges 5% Despite Volatile Trading as Grayscale Adds Token

CryptoX Analytics is CryptoX’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CryptoX Analytics is undergoes human editing by CryptoX’s editorial team before publication. The tool synthesizes market data and information from CryptoX Data and other sources to create timely market reports, with all external sources clearly attributed within each article. CryptoX Analytics operates under CryptoX’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about…

Bybit to Host PUMP Token Sale, But Europe Users Barred

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Bybit has confirmed details of the much-awaited Pump.fun token sale, revealing that users registered through its European Union-regulated platform, Bybit.eu, will not be permitted to participate in the token sale, citing compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The public sale of PUMP, the native token of the no-code memecoin launchpad Pump.fun, will open on July 12 at 14:00 UTC and run through July 15, according to a Wednesday press release shared with Cointelegraph. A total of 150 billion PUMP tokens, 15% of the one trillion total…

OpenSea Acquires Rally to Launch Mobile App for NFT and Token Trading

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OpenSea acquired Rally, a mobile-focused Web3 platform, to bring token and NFT trading to mobile devices. The acquisition, announced Tuesday, signals OpenSea’s push to develop a mobile-first platform for trading digital assets. “Buckle up. The future of NFT and token trading fits in your pocket,” OpenSea wrote on X. According to Rally, users can expect a new OpenSea mobile experience “later this year.”  Rally co-founders Chris Maddern and Christine Hall will join OpenSea’s leadership team. The duo will bring Rally’s mobile ad token trading expertise into the platform, and Maddern…

Polygon’s POL Token Rallies Ahead of Heimdall v2 Mainnet Launch

Key Notes POL is up 5.5% daily and 9% weekly amid optimism. Heimdall v2 mainnet migration set for July 10, 2025. The upgrade promises faster finality, safer bridging, and a smoother user experience. After weeks of sideways movement in June, Polygon’s native POL token has finally begun to show signs of strength. At the time of writing, POL POL $0.19 24h volatility: 1.8% Market cap: $1.68 B Vol. 24h: $54.78 M is trading near $0.1952 with a 5.5% daily increase and a 9% rise over the past week. This rally…

Hedera’s HBAR Token Rises Higher After Inclusion in Grayscale Fund

Hedera’s native token, HBAR (HBAR), traded higher after being added to the Grayscale Smart Contract Platform Fund . HBAR, up about 2% over the past 24-hour period, replaced polkadot (DOT) in the fund, which rebalanced on Monday. The token was trading at $0.1614 at press time, up about 11% over the past seven days. “In accordance with the CryptoX Smart Contract Platform Select Capped Index methodology, Grayscale has adjusted GSC Fund’s portfolio by selling Polkadot (DOT) and existing Fund Components in proportion to their respective weightings, and using the cash…

Bonk.fun Grabs 55% of Solana Token Issuance Share, Drives Buying Pressure on BONK

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Gate.io Deletes $600M Pump.fun Token Sale Page

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Cryptocurrency exchange Gate.io has quietly removed a page showing an upcoming token sale for the Pump.fun Solana-based memecoin platform. On Tuesday, users of X noticed a “leaked” webpage showing details of a public sale of the Pump.fun official token, scheduled to start on July 12. The page shows 150 billion tokens being offered at $0.004 out of a total supply of 1 trillion tokens. The raise would amount to around $600 million.  The page states the IEO (Initial Exchange Offering) marks Pump’s “first official public token sale,” and the IEO…