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The PUMP Price has climbed higher following a new liquidity initiative from Pump.fun. This aims at strengthening Solana’s memecoin ecosystem. The launch of the Glass Full Foundation (GFF) promises to inject significant liquidity into select projects. Why is the PUMP Price Up Today? According to CoinMarketCap data, the PUMP price spiked 7% to $0.003568 before
The post PUMP Price Climbs As Pump.fun Announces ‘Glass Full Foundation’ And Regains Market Dominance appeared first on CoinGape.
ENA, the native token of the Ethereum-based synthetic dollar protocol Ethena, is today’s top-performing crypto asset. Currently trading at $0.60, its price is up by 11% over the past day.
This rally follows a sharp rise in the circulating supply of USDe, Ethena’s synthetic dollar-pegged stablecoin. With aligning bullish technical indicators, ENA appears poised to keep climbing in the short term.
According to data from Etherscan, USDe’s circulating supply is at an all-time high of $8.73 billion, up more than $3.4 billion since July 16.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
This increase reflects the growing user adoption and increased capital inflows into the protocol as more investors seek stable, yield-generating dollar exposure.
The uptick in stablecoin supply has boosted the positive sentiment around ENA even as broader market conditions remain uncertain and volatile. Its price is up by double digits today, with key technical indicators pointing to increasing bullish momentum.
Technical readings from the ENA/USD one-day chart reveal that the token’s BBTrend (Bollinger Band Trend) indicator has printed a series of green bars that have grown steadily in size since June 29.
This steady build-up has occurred even as ENA’s price has experienced a downward trajectory over the past week. For context, today’s rally marks the most significant price improvement the token has seen in that period, indicating a potential reversal.
When BBTrend bars expand while prices consolidate, it reflects latent bullish pressure that eventually surfaces. If this momentum holds, ENA may be poised for further gains in the coming sessions.
Moreover, the token’s Relative Strength Index (RSI) confirms this bullish outlook. As of this writing, this momentum indicator is at 62.12 and is in an uptrend.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
ENA’s RSI readings indicate market participants prefer accumulation over distribution. If this trend continues, its price could keep rising in the short term.
At its current price, ENA holds just below a key resistance level at $0.64. This critical price point could determine the altcoin’s next move.
If bullish momentum intensifies and buy-side pressure continues to build, a breakout above this level could propel ENA toward the next major resistance around $0.77.
However, if demand weakens or market sentiment shifts, ENA may face a pullback, potentially declining toward the $0.48 support zone.
The post Ethena (ENA) Leads Market Gains as USDe Supply Hits All-Time High appeared first on BeInCrypto.
The pipeline for this week’s top crypto news is packed with events spanning various ecosystems and with significant potential to influence asset prices.
Traders looking to capitalize on ecosystem-specific volatility can capitalize on the following events this week.
AI crypto coins’ traders should consider watching the launch of ChatGPT-5 after the model’s training is completed.
ChatGPT 5 is expected to have enhanced reasoning and multimodal capabilities, delivering a unified, deeply capable AI experience. More closely, it will feature significant upgrades in reasoning and task optimization, setting a new benchmark in generative AI evolution.
The model is expected to integrate OpenAI’s most advanced architecture, so AI crypto coins may benefit from the launch.
Among the AI coins likely to witness ChatGPT-5-related volatility is Worldcoin (WLD). As of this writing, WLD was trading for $0.9816, up by nearly 3% in the last 24 hours.
Other AI coins likely to witness volatility include the Artificial Superintelligence Alliance (FET), Render Token (RNDR), The Graph (GRT), and Bittensor (TAO).
FET and AGIX, previously Fetch.ai and SingularityNET, could benefit from AI automation and marketplace hype.
Meanwhile, RNDR could benefit from advanced rendering needs, GRT from data indexing demand, and TAO from decentralized AI interest.
Retail enthusiasm and media coverage may drive price surges, but corrections are possible post-hype, aligning with the buy-the-rumor and sell-the-news situation.
Notably, traders should stay vigilant, as such events are expected to attract scammers pedaling purported ChatGPT-5 meme tokens.
Another headline is Coinbase exchange’s move to integrate Base DEXs (decentralized exchanges into its super App. With this in the pipeline, Aerodrome DEX is a key highlight, following a June 12 announcement from the network.
“We will be integrating DEXs from Base directly into the main Coinbase app, enabling Coinbase users to access and trade millions of assets on-chain. Aerodrome’s best-in-class trading execution will soon be coming to millions of Coinbase users. The world is coming on-chain,” Aerodrome wrote in a post.
This is expected to be bullish for AERO, as the potential volume flowing through Aerodrome would be massive.
Meanwhile, Base chain creator Jesse Pollak sees the integration as an avenue to give every builder on the network a distribution scheme.
Notably, Aerodrome is among the largest protocols on Base, accounting for a significant portion of the chain’s DEX volume and with $518.63 million TVL (total value locked).
Another crypto news item to watch is the end of the DeFi App’s HOME buyback proposal. With DIP-004 live, HOME buybacks are kicking off, igniting a potential cycle of value and rewards.
Defi App is back with a Vengeance
Releasing an app, buybacks, Over $3M for yappers. and $HOME pumping…
Here’s everything you need to know about S2 defidotapp
pic.twitter.com/1ABh3ugD2m
— Digi (MONEY/ARC
) (@Crouserrr) August 3, 2025
With 80% of DeFi App revenue recycled straight into HOME buybacks, the strategy supports future drops, factions, and ecosystem plays. This mechanism could align a token with product growth.
As of this writing, HOME was trading for $0.0349, up over 7% in the last 24 hours. The surge comes amid optimism that the buyback will reduce HOME’s circulating supply, boosting demand.
In September 2024, Solana unveiled Seeker, promising an upgraded smartphone from the previous version, Saga. The device is expected to be more affordable and feature-rich, targeting a broader audience than Saga.
“We want to make it as easy as possible for whatever the next narrative [in crypto] is, whatever the next use case is — there can be a dozen apps offering that same use case in our store within days,” Solana Labs General Manager Emmett Hollyer said.
Seeker also offers hardware upgrades, crypto-specific tools, and app store features for token and DApp growth.
Aligning with the Solana Mobile hackathon, Seeker is due for shipping starting today, Monday, July 4, after entering the testing phase in March.
Beyond the device, markets also monitor potential crypto airdrops, after Saga buyers turned $600 into $2,000+ just from allocations alone.
Bitcoin will also be in the limelight this week as the US moves toward raising tariffs on almost all countries on Thursday, August 7.
It follows recent modifications and US President Donald Trump’s executive order to impose new tariffs on a number of its trading partners that will take effect on August 7.
Imports into the US from dozens of countries and foreign territories are subject to so-called ‘reciprocal’ taxes ranging from 10% to 41%.
Given the influence of US economic signals on Bitcoin, the pioneer crypto could witness volatility. Trump’s tariffs create global trade uncertainty, driving up costs for businesses and consumers.
While Bitcoin is decoupling from tariff news, the pioneer crypto has emerged as a hedge against inflation and market volatility, positioning the BTC price for impact on Thursday.
Closing the list of top crypto news this week is the $107.13 million worth of ENA token unlocks on Tuesday, August 5, from the Ethena ecosystem.
On Tuesday, 171.88 million ENA tokens will be unlocked, constituting 2.7% of the token’s circulating supply. Data on Tokenomist.ai shows these tokens will be allocated to core contributors and investors, putting the ENA price at the cusp of a supply shock.
With a history of large token unlocks driving prices down, the Tuesday token unlock event could see Ethena price correct the 12% gains recorded Monday, as traders buy the rumor.
As of this writing, ENA was trading for $0.6238, up by 11.98% in the last 24 hours.
The post Top Crypto News This Week: ChatGPT 5 Launch, Solana’s Seeker Smartphone, US Tariffs, and More appeared first on BeInCrypto.
The leading altcoin, Ethereum, experienced a challenging month in March, marked by a series of bearish trends that reflected a broader market slowdown.
However, as the market begins to show signs of recovery, the key question for April remains: Can Ethereum regain its bullish momentum?
On March 11, Ethereum plummeted to a two-year low of $1,759. This prompted traders to “buy the dip,” triggering a rally to $2,104 by March 24.
However, market participants resumed profit-taking, causing the coin’s price to fall sharply for the rest of the month. On March 31, ETH closed below the critical $2,000 price level at $1,822.
Amid ETH’s price troubles, the Ethereum network also experienced a severe decline in activity in March. Per Artemis, the daily count of active addresses that completed at least one ETH transaction fell by 20% in March.
As a result, the network’s monthly transaction count also plummeted. Totaling 1.06 million during the 31-day period in review, the number of transactions completed on Ethereum fell by 21% in March.
Generally, as more users transact and engage with Ethereum, the burn rate (a measure of ETH tokens permanently removed from circulation) increases, contributing to Ether’s deflationary supply dynamic. However, when user activity drops, ETH’s burn rate reduces, leaving many coins in circulation and adding to its circulating supply.
This was the case for ETH in March when it saw a spike in its circulating supply. According to data from Ultrasound Money, 74,322.37 coins have been added to ETH’s circulating supply in the past 30 days.
Usually, when an asset’s supply spikes like this without a corresponding demand to absorb it, it increases the downward pressure on its price. This puts ETH at risk of extending its decline in April.
In an exclusive interview with BeInCrypto, Gabriel Halm, a Research Analyst at IntoTheBlock, noted that ETH’s current inflationary trends “may not be a major red flag” to watch out for in April.
Halm said:
“Even though Ethereum’s supply has recently stopped being deflationary, its annualized inflation rate is still only 0.73% over the last month, which is still dramatically lower than pre-Merge levels and lower than that of Bitcoin. For investors, this moderate level of inflation may not be a major red flag, provided that network usage, developer activity, and institutional adoption remain robust.”
Moreover, regarding whether Ethereum’s declining network activity has played a significant role in its recent price struggles, Halm suggested that its impact may be overstated.
“Historically, from September 2022 to early 2024, Ethereum’s supply remained deflationary, yet the ETH/BTC pair still trended lower. This suggests that macroeconomic and broader market forces can play a far more significant role than token supply changes alone.”
On what ETH holders should anticipate this month, Halm said:
“Ultimately, whether Ethereum dips or rallies in April will likely depend more on market sentiment and macro trends than on its short-term supply dynamics. Still, it’s essential to keep an eye on network developments that could spur renewed activity and reinforce ETH’s leading position in the broader crypto landscape.”
The post What To Expect From Ethereum (ETH) in April? appeared first on BeInCrypto.
