Trump Jr. Backs WLFIās USD1 Stablecoin Launch on Aptos
Trump Jr. Backs WLFIās USD1 Stablecoin Launch on Aptos
Donald Trump Jr. and WLFI CEO Zach Witkoff announced that World Liberty Financialās USD1 stablecoin will launch on the Aptos blockchain on October 6, alongside a new debit card linking crypto to everyday spending. WLFIās USD1 Stablecoin Goes Live on Aptos With Broad Ecosystem Support World Liberty Financial (WLFI) is preparing to launch its USD1 [ā¦]
Welcome to CoinFeedPro
Latest crypto news from key platforms. All in one place.
Todays Sentiment
Bullish
Latest news
Dogecoin Mining Gets $2.5M Boost From Trump-Linked Thumzup Media
According to multiple reports, Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies to help expand Dogecoin mining operations. Related Reading: Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty The cash is tied to an agreement that could turn into an all-stock acquisition, with DogeHash shareholders reportedly set to [ā¦]
- NEWSBTC
Solana (SOL) Price Rebounds From $205 Dip as Institutions Accumulate and $232 Target Emerges
Solana (SOL) shook off a swift sell-off to $205 on Tuesday, rebounding above $209ā$216 as institutional-sized wallets scooped the dip while over-levered retail longs were flushed. The slide coincided with U.S. shutdown jitters across risk assets, but crypto quickly mirrored equitiesā intraday recovery. Related Reading: Tether Scoops $1 Billion In Bitcoin, Strengthening $10-B Stockpile Order-flow dashboards (anchored CVD in the $1Mā$10M bucket) show pro buyers adding on weakness, while funding briefly flipped negativeāan attractive setup that encouraged fresh longs in spot and perps. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview Solana ETF Speculation Keeps Bulls Optimistic Ahead of October 10 The next major milestone for Solana is set to arrive on October 10, when the SEC is expected to decide on several spot Solana ETF applications. While reports suggest that regulators have asked some asset managers to withdraw filings tied to certain altcoins, analysts argue this is more of a procedural move than a rejection. Many believe October, already being dubbed āCointoberā, could see multiple crypto ETFs advance, echoing the pattern that fueled Ethereumās breakout earlier this year. This ongoing ETF narrative, combined with Solanaās swift recovery from volatility, has helped maintain strong bullish sentiment among traders and institutions alike. On-Chain Tug-of-War: Veterans Take Profit, Newcomers Hold the Line Under the surface, Solanaās holder base is divided. Liveliness has increased, suggesting long-term holders (LTHs) are gaining strength after a three-month upward trend. At the same time, 1ā3 month holders now control about 14.4% of the supply, the highest in five months, indicating growing short-term conviction. That āold guard vs. fresh capitalā conflict has effectively kept the price above the rising trendline, even as profit-taking episodes occur. Institutional flows remain the key factor. Talk among market participants about asset-manager positioning ahead of an ETF decision, combined with ongoing builder activity in Solana DeFi, supports steady medium-term demand. If Bitcoin dominance diminishes, high-beta L1s like SOL typically attract additional flows. Will Solana Break $214 Resistance and Target $232? Technically, SOL regained its weekly median range after the flash crash, indicating underlying strength. Immediate support is at $206; breaking below it could open the door to $200, weakening the three-month bullish trend. Related Reading: Did Bitcoin Top? Top Trader Warns Of Brutal $98,000 Liquidity Sweep On the upside, $214 and $221 are the near-term barriers; a close above both could lead to the $232 target flagged by multiple traders. Beyond that, the larger pattern resembles ETHās pre-$4,000 breakout, with $270 serving as the next major resistance if momentum picks up before or after the ETF decision. Cover image from ChatGPT, SOLUSD chart from Tradingview
Blockchain Association Defends GENIUS Act as Banks Fear Stablecoin Power Shift
Backed by bipartisan law and clear oversight, the GENIUS Act is fueling stablecoin innovation, safeguarding consumers, attracting investment, and reinforcing U.S. leadership in the global financial race. GENIUS Act Defended as Catalyst for Stablecoin Innovation and US Financial Leadership The debate over stablecoin regulation has intensified as U.S. banks and digital asset companies clash over [ā¦]
- NEWSBTC
Ethereum Price Jumps To $4,400 ā Can Bulls Extend Rally Even Higher?
Ethereum price started a steady increase above $4,320. ETH is now consolidating and might aim for more gains if it clears the $4,400 resistance. Ethereum remained stable above $4,250 and started a recovery wave. The price is trading above $4,320 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,400 and $4,420. Ethereum Price Gains Over 5% Ethereum price remained supported above the $4,120 level and started a fresh increase, like Bitcoin. ETH price was able to climb above the $4,250 and $4,320 resistance levels. Besides, there was a break above a key contracting triangle with resistance at $4,180 on the hourly chart of ETH/USD. The price even spiked toward $4,400 and might continue to rise. A high is formed at $4,400 and the price is still stable above the 23.6% Fib retracement level of the recent upward move from the $4,093 swing low to the $4,400 high. Ethereum price is now trading above $4,350 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,400 level. The next key resistance is near the $4,420 level. The first major resistance is near the $4,500 level. A clear move above the $4,500 resistance might send the price toward the $4,550 resistance. An upside break above the $4,650 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,720 resistance zone or even $4,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,400 resistance, it could start a fresh decline. Initial support on the downside is near the $4,320 level. The first major support sits near the $4,250 zone. A clear move below the $4,250 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,120 region in the near term. The next key support sits at $4,050. Technical Indicators Hourly MACD ā The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI ā The RSI for ETH/USD is now above the 50 zone. Major Support Level ā $4,320 Major Resistance Level ā $4,400