Binance has recently expanded trade offerings for Hyperlane (HYPER), SIGN, Initia (INIT), KERNEL, and WalletConnect (WCT) tokens. Via an official press release on Wednesday, April 30, the crypto exchange revealed that it is adding these tokens as new loanable assets on VIP Loan.
Meanwhile, traders and investors are left speculating whether the enhanced trade offering could impact the assets’ prices. At the time of reporting, 4 of these tokens witnessed a waning price action, whereas one extended intraday gains to nearly 30%.
Binance Enhances Support For HYPER, SIGN, INIT, KERNEL, and WCT
As per an official Binance announcement dated April 30, the CEX has added HYPER, SIGN, INIT, KERNEL, and WCT as new loanable assets on VIP loan. This announcement has ignited an optimistic market sentiment for the tokens, given that the new offering could enhance the tokens’ utility.
The 5 cryptos mentioned above could witness a surge in demand with this new offering on one of the top crypto exchange globally. Further, even liquidity remains primed to improve, thereby driving more trading for the coins. The upshot? broader sentiments about future price movements remain somewhat optimistic amid a broader bullish market.
However, despite the new offering by the CEX that boosted the market sentiment and exposure of these tokens, 4 out of 5 have witnessed a price fall. CoinMarketCap’s data signaled that KERNEL price dipped 5% intraday despite the enhanced exposure, closing at $0.1757. Further, the weekly chart for the token also illustrated a 10% crash, undermined by the broader market’s recent gains.
Similarly, HYPER price erased nearly 3% intraday and lost 27% over the week to reach $0.1963. WCT price also fell roughly 2% over the day and 4% over the week, reaching $0.3942. Even SIGN price fell 18% to $0.1016 intraday despite the abovementioned offering and numerous other token offerings from Binance. However, this crypto pumped nearly 50% over the week, reflecting optimism in light of listings on major CEXs.
Besides, INIT price has pumped by a remarkable 28% over the day and is currently sitting at $0.8482, undermining the other 4 crypto.
At Paris Blockchain Week, BeInCrypto sat down with Andrey Fedorov, the Chief Marketing Officer and acting Chief Business Development Officer at STON.fi, to dive deep into the platform’s mission, roadmap, and broader views on the DeFi sector.
Andrey Fedorov shared insights into how Omniston, a liquidity aggregation protocol developed by STON.fi, aims to simplify and streamline decentralized liquidity access across the TON blockchain and beyond. It presents a unified integration point for DeFi apps, liquidity providers, and users alike.
Andrey Fedorov on Omniston
Omniston is a decentralized liquidity aggregation protocol that connects DeFi apps to TON liquidity. This protocol is built for the TON blockchain, which means that when users want to swap TON-based tokens, Omniston finds the best deals. I’d say this is a protocol and not an exchange in itself, but it does connect apps, for example, for some exchanges, wallets, games, some other apps that need to access liquidity. So, there are users in these apps who want to swap and trade tokens.
Andrey Fedorov at Paris Blockchain Week
Usually, DeFi apps need to find and integrate with various liquidity sources — a process that’s time-consuming, complex, and often expensive due to the integration work involved. That’s where Omniston comes in. Basically, instead of connecting to five or ten different liquidity sources one by one, you just integrate with Omniston once. It’s like this one plug-in point.
So when a DeFi app connects to Omniston, it automatically gets access to all these different liquidity sources that are already connected. And it works both ways — liquidity providers, market makers, and anyone who has liquidity, they also get access to the user base of those apps.
And the cool thing is, anyone can plug into Omniston. If you have access to liquidity, whether it’s on-chain (like liquidity pools or vaults) or off-chain (like private funds), you can integrate through Omniston. This makes your liquidity available to all the apps connected to Omniston.
As a result, users benefit from deeper liquidity, and liquidity providers can earn yield by serving those users. We use the term “liquidity providers” broadly — it includes market makers and any other entities that can supply liquidity.
About Omniston’s roadmap
Right now, Omniston is mainly focused on providing access — so we’re not charging anything at this stage. The idea is really to drive usage. We want people to connect and start building with it. Liquidity providers can already earn money, and the same goes for DeFi apps — they can build on top of Omniston and create their own revenue models.
As for monetization on our side, we think it’ll come, but probably not in the traditional ‘pay-to-use’ way. We just launched about a month ago, so it’s still very early. The priority right now is adoption. We want to get more apps plugged in, more liquidity providers onboarded. Once we scale that up, we’ll explore monetization options — but that doesn’t necessarily mean we’ll start charging across the board.
The STON.fi team is still finalizing KPIs. We’re testing everything live — this is a working product — so we’re figuring out the numbers as we go. But if I had to name one core metric right now, it’s connectivity. We want to connect as many applications as possible, and aggregate as much liquidity as we can. That’s the north star for us.
Looking at the roadmap, the next big step is cross-chain swaps. Omniston currently runs on the TON blockchain, but we’ve already built the architecture for cross-chain functionality, and we’re actively testing it. Over the next few months, we’ll be working on integration testing.
Of course, we’re taking it step by step. The next chain will likely be Tron, and then we’ll move into EVM ecosystems. But it’s not going to be all at once — we’re rolling this out gradually.
TON — The Ideal Blockchain for Omniston?
There are two reasons why we chose TON. First, it is a technically strong blockchain. Second, it’s rapidly becoming the native chain of Telegram, which has a massive user base of over one billion people.
TON helps us access these huge markets. A technically strong blockchain plus a huge market is a good fit. Additionally, the TON ecosystem offers solid developer support and growing resources, making it a compelling platform on which to build.
I would also add that the TON ecosystem is growing very fast, with strong support from the TON Foundation. Plus, with so many projects on the chain, they craft good documentation that shows the use cases and so on. For developers building on TON, this means they benefit not just from the strong support but also from the collective experience and momentum of the broader community — which is incredibly valuable.
The Impact of Crypto and Blockchain Regulation
First of all, I don’t think regulation is a limitation per se. It’s something we monitor closely, and we take all regulatory developments into account as we grow.
I would say that Europe has made some progress over here because of MiCA. Regulation in the United States is fragmented, but we still need to watch them closely. Our goal is to remain fully compliant — and we view that as necessary and inevitable.
Promising Crypto Trends
Everybody is speaking about AI agents. The concept is definitely compelling and has strong future potential, but the challenge is that there aren’t many clear, practical use cases yet. What we need to do now is find these good use cases, and currently, I would say that there are not so many. That’s the problem. But again, we need to watch this space closely.
From what I understand, AI agents are already being used to evaluate whether there is a balance in the market. It is interesting to use them for this specific test case, but this is only one. It is the most obvious one.
There’s definitely room to explore more impactful ways to combine AI with crypto. It’s an area worth studying closely, and while we’re still in the early stages, I don’t see any fundamental limitations holding us back.
It’s an exciting weekend for crypto fans, and especially for those watching XRP closely. There’s been an update about Ripple’s case with the SEC, and while it’s not terrible news, it’s not great either.
According to an analyst, right now, XRP is trading around $2.43 — but the situation feels a bit shaky. Over the past three days, XRP tried to break through a key resistance level at $2.62, but it failed every single time. This isn’t a good sign because if buyers and big investors (like institutions) were strong in the market, XRP should have easily crossed that point. Even worse, instead of moving up, the price actually dropped below $2.50 yesterday.
At this stage, the market is leaning a little more bearish rather than bullish. According to the analysis, for XRP to look positive again, it needs to climb back above $2.50 — and ideally break past $2.62 with strong buying support.
If XRP continues to stay above $2.30, things are still under control. But if it falls below that level, traders should be ready for the price to drop closer to $2.00. That’s why the $2.30 support level is so important right now.
Be Ready for All Possibilities
Despite these short-term worries, the long-term outlook for XRP remains positive. Many still believe XRP could reach $10 by mid-2026 and even dream of a $100 price in the next five to ten years. But the road there won’t be smooth.
The crypto market is famously unpredictable. Prices can surge or crash without warning, and history shows that bull runs can be short-lived. While some believe the bull market might already be over after Bitcoin touched $110,000 and altcoins had their moment, others remain optimistic.
The post XRP Price at Risk of Crashing 50%, Here’s Why appeared first on Coinpedia Fintech News
It’s an exciting weekend for crypto fans, and especially for those watching XRP closely. There’s been an update about Ripple’s case with the SEC, and while it’s not terrible news, it’s not great either. According to an analyst, right now, XRP is trading around $2.43 — but the situation feels a bit shaky. Over the …
WazirX has once again postponed the distribution of its remaining user funds, pushing the timeline to May 2025. This marks another delay in the ongoing process, leaving many users waiting longer than expected. The exchange cited internal reasons for the setback but did not provide detailed explanations. Users who have been anticipating the release of their funds will now need to wait an additional month as the new distribution plan takes shape.
The post WazirX Delays Fund Distribution Again, Now Set for May 2025 appeared first on Coinpedia Fintech News
WazirX has once again postponed the distribution of its remaining user funds, pushing the timeline to May 2025. This marks another delay in the ongoing process, leaving many users waiting longer than expected. The exchange cited internal reasons for the setback but did not provide detailed explanations. Users who have been anticipating the release of …