Author: John Smith
Trove’s TROVE crashes 95% as team pivots from Hyperliquid to Solana while keeping most ICO funds, sparking refund demands and legal threats. Summary Trove raised funds for a Hyperliquid-based perp DEX, then abruptly pivoted to Solana pre-TGE. Team kept most ICO proceeds for Solana development, offering only partial refunds. On-chain data and sale missteps fueled rug-pull accusations and calls for legal action. Trove Markets confirmed it will retain funds from a token sale originally marketed for integration with Hyperliquid, despite shifting its perpetual decentralized exchange to Solana days before its token launch, according to statements from the company. TROVE token…
Ethereum price hovering below a key breakout zone as a record share of its supply is locked in staking, tightening available liquidity. Summary Ethereum is consolidating below $3,400 as volatility contracts and momentum cools. Staked ETH has reached a record 30% of total supply, reducing circulating liquidity. Derivatives activity has slowed, pointing to caution rather than aggressive positioning. Ethereum was trading at $3,162 at press time, down 1.3% over the past 24 hours. Over the last week, the price has moved between $3,119 and $3,379. ETH is up about 3.6% over the past month after climbing back above $3,000, though…
Zero Knowledge Proof (ZKP) has launched a 450-day presale auction featuring a time-based pricing mechanism that increases daily, according to the project’s announcement. Summary ZKP has launched a 450-day token presale auction using a time-based pricing model that increases the token price daily. Each day features a unique, irreversible price tier, with per-wallet purchase caps limiting how much participants can buy, preventing large buyers from dominating allocations. The extended presale period is designed to distribute access across time rather than concentrate it at launch. The auction structure assigns a unique price point to each day of the sale period, with…
Pendle price is showing signs of recovery above a key resistance level as the protocol rolls out a new staking model. Summary Pendle rose 9% on the day as volume and open interest increased. The launch of sPENDLE replaces long token locks with liquid staking. Price is consolidating below $2.35, with a breakout or rejection likely. Pendle was trading at $2.07 at press time, up 9% over the past 24 hours, as rising open interest and a major tokenomics overhaul put the $2.35 resistance level back into focus. The token has moved within a seven-day range of $1.86 to $2.31…
The New York Stock Exchange (NYSE) is building a blockchain-based trading venue that would allow investors to buy and sell tokenized stocks and exchange-traded funds around the clock, marking the latest push by Wall Street’s biggest exchange into digital markets. Summary NYSE plans a blockchain-based venue to trade tokenized stocks and ETFs 24/7, using its existing matching technology combined with private blockchain networks, pending SEC approval. The platform would enable real-time funding and settlement, eliminating the one-day delay in traditional equity markets and catering to growing retail demand for always-on trading. The move intensifies competition with Nasdaq and advances tokenization,…
XRP price retreated sharply on Monday and reached a low of $1.8500, its lowest level since January 1, and 23% below its highest point this year. Summary XRP price retreated sharply, erasing all the gains made earlier this year. Brad Garlinghouse will deliver a statement at the World Economic Forum. The coin has formed a doji candlestick, pointing to a rebound this week. Ripple’s (XRP) crash mirrored that of Bitcoin (BTC) and other tokens, including blue-chip names like Solana (SOL), Dogecoin (DOGE), and Ethereum (ETH). It also coincided with the ongoing retreat of American stock index futures, with the Dow…
Chainlink price dropped for two consecutive days, reaching its lowest level since January 2, as the crypto market sell-off accelerated. Summary Chainlink price has formed a bearish pennant pattern on the daily chart. It has also formed a small double-top chart pattern. These patterns point to more downside in the near term. Chainlink (LINK) token retreated to a low of $12.8, down by nearly 12% from its highest point this month, and by 55% from its 2025 highs. LINK’s decline coincided with the performance of Bitcoin and other tokens. It also happened as the stock market in Europe and US…
Solana’s price retreated for two consecutive days on Monday, reaching its lowest point since January 3, as risk-off sentiment spread across financial markets after Donald Trump threatened new tariffs on key NATO members. Summary Solana price has formed a cup-and-handle pattern on the daily chart. The ongoing decline is part of the formation of the handle section. Third-party data shows that Solana transactions are soaring. Solana (SOL) token retreated to a low of $130, down by 10% from its highest point this year. This retreat brought its market capitalization to $80 billion, making it the sixth-biggest cryptocurrency in the industry.…
Hyperliquid price remains bearish after rejecting from $27.39 resistance, with lower lows forming and $19.75 high-time-frame support now becoming the next major downside target. Summary HYPE keeps printing lower highs and lower lows (bearish structure) Rejection at $27.39 / VAH confirmed supply and weakness Losing $22 swing low targets $19.75 high-time-frame support Hyperliquid (HYPE) price continues to show persistent weakness as price action remains locked in a broader bearish market structure. The chart is still printing consecutive lower lows and lower highs, signaling that sellers remain in control and downside continuation remains the dominant trend. This bearish continuation intensified after Hyperliquid failed to hold above the value area high and…
Over the past week, the XRP price, along with much of the crypto market, saw fresh declines as traders pulled back from risk. After holding above $2.00 earlier this month, XRP dropped almost 5.3%, dipping to $1.91 on January 19 before recovering slightly to about $2 at the time of publication. The recent bounce has helped steady sentiment for now, but larger macro risks, especially around the new Trump tariffs, remain over the market. Summary Macro risks, including Trump’s planned 10% tariffs on European nations starting February 1, are weighing on market sentiment. Technically, XRP remains fragile, with $2.05 as…