Is Bitcoin’s Bull Run Nearing a Breaking Point? What On-Chain Data Reveals

Bitcoin has posted seven consecutive weeks of gains, pushing its price above $100,000. However, new signals suggest this bullish streak might soon end.

Identifying the precise moment of a price reversal is challenging. However, certain signs may indicate rising risks, particularly for investors who have not established strong positions yet.

Two Signs Indicate Profit-Taking May End the 7-Week Rally

The first notable sign is that wallets with large balances have stopped accumulating and have started distributing their coins.

Glassnode data confirms this trend. In May, the accumulation score for wallets holding over 10,000 BTC dropped from around 0.8 to below 0.5. This shift is visually represented by a change in color from blue to orange.

“The group of wallets holding the most BTC has started distributing,” Thuan Capital stated.

Bitcoin Trend Accumulation Score by Cohort. Source: Glassnode

Additionally, wallets between 1 BTC and 10,000 BTC show weaker accumulation behavior, as seen through gradually fading blue tones. Only wallets with less than 1 BTC are showing a clear shift from distribution to strong accumulation, triggered by Bitcoin reaching a new all-time high.

These data points reflect a profit-taking tendency among large investors. At the same time, smaller retail investors appear driven by FOMO (fear of missing out) as they chase short-term opportunities.

Another warning sign comes from Unspent Transaction Outputs (UTXOs). UTXOs are a technical mechanism that ensures each individual BTC can only be spent once on the blockchain. They also provide a way to evaluate unrealized profit across all unspent BTC.

Bitcoin Euphoria phase
Bitcoin Euphoria Phase at 99% UTXOs in Profit. Source: CryptoQuant

CryptoQuant data shows that when 99% of UTXOs are in profit, it usually signals a market overheating phase. Historically, such phases often precede price corrections. Whether the correction is short- or long-term, this signal still highlights a growing risk for buyers.

“Right now, it’s hard to say we’re in a euphoric phase. The broader macroeconomic context and the uncertainty surrounding the Trump administration’s policy direction make it difficult for investors to flip fully risk-on. When this 99% signal drops, unrealized profits shrink and can trigger more profit-taking and push latecomers to capitulate and sell at a loss,” analyst Darkfost said.

As of now, Bitcoin’s rally has paused around $108,000. There are no clear signs of a correction yet. BeInCrypto reports a strong wave of Bitcoin accumulation among corporations worldwide. Many experts remain optimistic about Bitcoin’s future price.

“A tidal wave of institutional demand is reshaping bitcoin’s market dynamics: Wealth‐management platforms poised to roll out access to bitcoin ETFs, corporate treasuries adding bitcoin to boost shareholder returns, and sovereigns diversifying reserves into bitcoin to hedge geopolitical risk. Together, these forces are creating a structural supply/demand imbalance—and over the next 18 months, bitcoin is set to cement its role as a global store of value,” Juan Leon, Senior Investment Strategist at Bitwise Asset Management, told BeInCrypto.

Therefore, while these short-term indicators could hint at a pullback from current highs, they don’t seem to affect analysts’ broader expectations for this year and next.

The post Is Bitcoin’s Bull Run Nearing a Breaking Point? What On-Chain Data Reveals appeared first on BeInCrypto.

Japan’s Liquidity Crisis Sparks Global Risk Fears and Bitcoin Rotation

Japan’s government bond market faces its worst liquidity crisis since the 2008 financial meltdown. This has prompted fears of a broader economic contagion that could ripple into global crypto markets. 

Analysts are sounding the alarm as bond yields surge and long-standing financial structures unravel.

Japan’s Bond Market Crisis Sparks Global Contagion Fears

In just 45 days, Japan’s 30-year government bond yield has surged 100 basis points (bps) to a record 3.20%. Meanwhile, the 40-year bond, previously seen as a “safe” investment, has shed more than 20% in value, with over $500 billion in market losses. 

According to analyst Financelot, liquidity in the bond market has also deteriorated to levels last seen during the Lehman Brothers collapse, suggesting a potential impending financial crisis. 

“Japan’s bond market liquidity has dropped to 2008 Lehman crisis levels. Are we about to experience another financial crisis?” wrote Financelot on X (Twitter).

Japan's Bond Market Liquidity
Japan’s Bond Market Liquidity. Source: Financelot on X

The crisis traces back to the Bank of Japan’s (BOJ) recent policy pivot. After years of aggressive bond-buying, the BOJ abruptly pulled back, flooding the market with supply and driving yields higher

The central bank still holds $4.1 trillion in government bonds, 52% of the total outstanding. With this, its grip on the market has distorted pricing and investor expectations.

Japan’s total debt has ballooned to $7.8 trillion, pushing its debt-to-GDP ratio to a record 260%, more than double that of the US.

Japan's Debt-to-GDP ratio
Japan’s Debt-to-GDP ratio. Source: The Kobeissi Letter

The fallout has been swift. Japan’s real GDP contracted 0.7% in Q1 2025, more than double the expected 0.3% drop.

Meanwhile, CPI inflation accelerated to 3.6% in April. Real wages, however, plunged 2.1% year-over-year (YoY), intensifying fears of stagflation. 

“Japan needs a major restructuring,” warned The Kobeissi Letter, highlighting the fragility of the nation’s economic model.

Bitcoin Emerges as a Safe Haven Amid Yen Carry Trade Unwind

As global investors digest these warning signs, attention is turning to the crypto markets, specifically Bitcoin. The pioneer crypto is progressively presenting as a potential refuge from bond market volatility. 

The yen carry trade, a strategy in which investors borrow low-yielding yen to invest in higher-yielding assets abroad, is now under threat.

According to Wolf Street, surging Japanese yields and a weakening economy are squeezing these highly leveraged positions. 

“The huge mess is coming home to roost,” the outlet wrote, noting that the unwind of this trade could trigger a global risk-off event.

That shift is already visible. As yields rise in Japan and the UK, demand for Bitcoin has soared in both regions.

“Is it a coincidence that the UK and Japan are seeing huge demand for bitcoin exposure?” analyst James Van Straten posed

The analyst referenced the 30-year UK gilt yield nearing a 27-year high.

Meanwhile, Cauê Oliveira, Head of Research at BlockTrendsBR, also noted a growing positive correlation between bond volatility and Bitcoin flows, with Bitwise’s European Head of Research, Andre Dragosche, agreeing

“A lot of big players [are] rotating from bonds to BTC,” Oliveira noted.

Bitcoin price performance
Bitcoin (BTC) price performance. Source: BeInCrypto

BeInCrypto data shows Bitcoin was trading for $109,632 as of this writing, down 0.17% in the last 24 hours.

Still, Bitcoin’s role comes with its own risk. BeInCrypto reported a recent analysis of the yen carry trade, warning that disorderly unwinds could pressure crypto assets alongside traditional markets. This is especially true if a global flight to safety prompts USD strength and capital outflows from risk assets.

Yet, in the long term, Japan’s debt crisis may strengthen Bitcoin’s case as a hedge against monetary instability. As traditional “safe” assets like long-dated sovereign bonds falter, institutions increasingly consider digital assets viable alternatives.

The post Japan’s Liquidity Crisis Sparks Global Risk Fears and Bitcoin Rotation appeared first on BeInCrypto.

XRP Price Suffers Downtrend as Overvaluation Delays Recovery To $2.50

XRP has been on a steady decline over the past weeks, causing losses for many investors. Despite the falling price, some key holders are actively working to counter the bearish momentum. 

Their efforts could play a significant role in stabilizing and potentially reversing XRP’s downtrend.

XRP Investors Are Optimistic

The Network Value to Transactions (NVT) Ratio for XRP has spiked to its highest level in a month. A rising NVT Ratio typically indicates that the network’s valuation exceeds its transaction activity, often signaling an upcoming price correction. This metric warns that XRP might be overvalued relative to its current use.

However, XRP has shown resilience at times in the past by bouncing back after periods of overvaluation. Investors and holders expect a similar rebound this time, fueled by renewed buying interest.

XRP NVT Ratio
XRP NVT Ratio. Source: Santiment

XRP’s Liveliness indicator has been trending downward, signaling active accumulation by long-term holders (LTHs). A decline in Liveliness suggests that these investors are holding onto their tokens despite price drops, aiming to stabilize the market. This behavior contrasts with an uptick, which would indicate increased selling pressure.

LTH accumulation during a price dip shows confidence in XRP’s long-term prospects. These holders are countering bearish trends by absorbing selling pressure and positioning themselves to profit when the price recovers, providing a critical support layer.

XRP Liveliness
XRP Liveliness. Source: Glassnode

XRP Price Nears Losing Key Support

XRP is currently trading at $2.30, reflecting a two-week downtrend. It is holding just above a key support level at $2.27. Securing this support is vital for the altcoin to prevent further declines and maintain a foothold for potential gains.

If bullish factors continue to strengthen, XRP could bounce off the $2.27 support level. Breaking through the downtrend could enable XRP to flip $2.38 into new support, paving the way for a rise toward $2.56. This recovery would signal renewed investor confidence.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView

Conversely, if XRP loses support at $2.27, the price may drop further to $2.12. Such a decline would invalidate the bullish outlook and extend the ongoing downtrend, leading to increased losses for investors and sustained bearish pressure.

The post XRP Price Suffers Downtrend as Overvaluation Delays Recovery To $2.50 appeared first on BeInCrypto.

ALPACA Token Falls Over 30% Following Alpaca Finance’s Shutdown Announcement

Alpaca Finance, a decentralized finance (DeFi) lending protocol on the BNB Chain and Fantom, has announced the gradual closure of its platform and all associated products. 

The decision, revealed on May 26, comes after what the team described as “extensive internal deliberation and evaluation of future development directions.” 

Alpaca Finance Announces Shutdown 

Launched with no pre-sale, venture capital funding, or pre-mine, Alpaca Finance allowed users to open leveraged positions by borrowing from deposit vaults. However, the protocol has faced mounting challenges recently, culminating in this closure announcement.

In an official statement on their Medium blog and their X (formerly Twitter) account, the team cited ongoing financial difficulties as the primary reason for the shutdown. 

“In truth, the team has been operating at a loss for over two years, even after significant downsizing of the team. Continuing under these conditions is simply not sustainable,” the blog read.

DefiLama data showed that Alpaca Finance’s Total Value Locked (TVL) reached a record high of over $900 million in early 2022. However, since then, it has faced a continued decline. As of the latest data, the TVL stood at just $54.6 million.

“With TVL and yields declining, revenue followed suit,” the team added.

Alpaca Finance’s Total Value Locked
Alpaca Finance’s Total Value Locked. Source: DefiLama

The team also cited increased competition and market saturation as key drivers behind its decision. Notably, the announcement comes about a month after Binance announced the delisting of the platform’s native token, ALPACA. 

“The recent delisting of ALPACA from Binance was another major blow. It not only limits token accessibility but also restricts our ability to deploy our remaining warchest effectively toward any new initiatives,” Alpaca Finance shared.

Despite the delisting, the token’s value surged over 1,000% in the days following it, defying typical market behavior. ALPACA’s dramatic rally drew widespread attention and sparked concerns over market manipulation. 

Nonetheless, the gains were fleeting, and the latest news has pushed the price down further. BeInCrypto data showed that ALPACA’s price has depreciated by 32.1% over the past day. At the time of writing, the token’s trading price was $0.11.

ALPACA Price Performance
ALPACA Price Performance. Source: BeInCrypto

Alpaca Finance has detailed a structured shutdown plan across all major product lines to ensure a smooth and secure exit for users. The platform will stop accepting new positions on the original leveraged yield farming platform (AF1.0) in early June. It will also automatically close all remaining positions by June 30, 2025.

The team has put Alperp, the perpetual trading product, into reduce-only mode. It will be shut down completely by the end of June.

Furthermore, they have halted all Automated Vaults immediately, converting any remaining funds into base tokens and returning them to users. Borrowing in the AF2.0 Money Market will be disabled, and open positions will close automatically by July 30, 2025.

The protocol will also end its buyback and burn program and distribute revenue to Governance Vault stakers. Lastly, the platform’s interface will remain available for users to withdraw assets until December 31, 2025.

The post ALPACA Token Falls Over 30% Following Alpaca Finance’s Shutdown Announcement appeared first on BeInCrypto.

BNB Chain Closes Speed Gap with Ethereum as Maxwell Hard Fork Hits Testnet

BNB Chain has successfully deployed its much-anticipated Maxwell Hard Fork on the testnet. This launch delivers a high-speed, low-latency blockchain performance. 

Maxwell’s mainnet activation is scheduled for June 30, 2025. Nevertheless, this deployment positions BNB Chain to rival Solana and Ethereum blockchains on specific metrics. 

BNB Chain’s Maxwell Upgrade: What Users Need to Know

The upgrade, activated at block 5,255,2978, represents a foundational overhaul of BNB Chain’s consensus and networking infrastructure. It significantly reduces block times, enhances validator communication, and improves sync efficiency, which are integral factors for scaling user and developer experiences on-chain.

“Maxwell HardFork Successfully Activated on BNB Chain Testnet…Developers and validators are encouraged to begin testing the new infrastructure,” BNB Chain shared in a post. 

The network named its Maxwell Hard Fork in tribute to James Clerk Maxwell, the physicist who unified electricity and magnetism. Similarly, BNB Chain’s upgrade aims to harmonize two often competing blockchain priorities: speed and stability. 

It cuts block time in half from 1.5 seconds to just 0.75 seconds. New technical enhancements accompany this dramatic acceleration to maintain validator and node synchronization. This would ensure that faster blocks do not come at the cost of network health or decentralization.

Among the key changes introduced are adjustments to consensus cadence and network propagation. The epoch length has been extended from 500 to 1,000 blocks, and validators now lead for 16 blocks per turn. This keeps proposer durations stable even as blocks arrive more frequently. 

Further, the per-block gas limit has been halved from 70 million to 35 million, keeping throughput steady and preventing network congestion and state bloat. 

At the networking layer, new mechanisms allow blocks to propagate among validators within 400 milliseconds. Similarly, improved range sync capabilities help lagging nodes stay up-to-date even under the faster cadence.

Implications for Users and Rival Blockchains

The implications for end-users are profound. With sub-second block times and finality now approaching 1.9 seconds, BNB Chain is moving closer to a Web2-like experience.

Transactions such as swaps, mints, or gameplay actions can instantly be confirmed. This enhanced responsiveness narrows the psychological divide between Web2 and Web3, offering users a fluid and immediate experience.

The upgrade also opens up new design opportunities for developers. Real-time gaming, prediction markets, and high-frequency trading dApps can operate directly on Layer-1 without relying on separate fast chains. 

Meanwhile, the BNB Chain is already showing strong momentum. According to data on DefiLlama, it currently leads the decentralized exchange (DEX) sector with over $13 billion in 24-hour trading volume, nearly six times more than Solana. 

BSC Chain leads DEX chains in trading volume metrics
BSC Chain leads DEX chains in trading volume metrics. Source: DefiLlama

Data on Chainspect also shows that transaction throughput per second is up 37%, with BNB Chain handling 12 times more transactions than Ethereum. 

However, on block time and finality metrics, BNB Chain remains 87.5% and 99.21%, respectively, less than Ethereum.

BNB Chain vs Ethereum on TPS, block time, and finality metrics
BNB Chain vs Ethereum on TPS, block time, and finality metrics. Source: Chainspect

Industry observers are optimistic. DeFi influencer Elja pointed out that BNB Chain’s previous Lorentz Hard Fork slashed gas fees tenfold. 

With Maxwell promising even faster speeds, better validator coordination, and smarter syncing, Elja called it “even more bullish” for BNB Chain’s future. 

“Lorentz Hardfork resulted in 10x gas fees reduction and increased TPS. The upcoming Maxwell Hardfork will be even more bullish for BNBChain,” Elja remarked

One user echoed the sentiment, saying the upgrade should resolve the high failure rates they previously experienced during wallet sales.

As the countdown to mainnet continues, the Maxwell Hard Fork positions BNB Chain at the forefront of high-performance Layer-1 blockchains. It combines lightning-fast execution with compatibility with the Ethereum Virtual Machine (EVM) and infrastructure resilience.

bnb price
BNB Price Performance. Source: BeInCrypto

Despite this news, however, the BNB price has only gone up by a modest 0.05% in the last 24 hours. As of this writing, it was trading for $674.08. 

The post BNB Chain Closes Speed Gap with Ethereum as Maxwell Hard Fork Hits Testnet appeared first on BeInCrypto.

Toobit Climbs New Heights in Partnership with Elite Climber Chris Sharma

Award-winning digital asset trading platform Toobit today announces its collaboration with world-renowned climber and sport climbing pioneer Chris Sharma, who joins as the company’s official brand ambassador. The collaboration brings together one of the most respected figures in climbing with a platform known for its precision, innovation, and ambition. 

From scaling near-impossible limestone cliffs to charting new climbing routes around the world, Sharma is known for relentlessly pushing the limits of what’s possible—an ethos Toobit sees reflected in high-performance trading. His journey, built on discipline, sharp decision-making, and a deep passion for his craft, mirrors the core principles of strategic crypto trading: calculated risk, timing, and mastery built through consistency.

“When you’re 60 feet off the ground with nothing but your decisions and your preparation holding you there, there’s no room for hesitation,” Sharma said. “Climbing is about trust: trusting your gear, your team, yourself. Crypto isn’t so different. You need a solid foundation, and Toobit gets that. ”

The partnership highlights the shared mindset between elite climbing and strategic trading, where success hinges on careful preparation, bold vision, and trust in your tools. Sharma will soon feature in Toobit’s global campaigns and community initiatives, including the cryptoasset exchange’s flagship trading competition and upcoming product launches.

“We are thrilled to welcome Chris Sharma to Toobit,” said Mike Williams, Chief Communication Officer at Toobit. “His career reflects the same passion, precision, and calculated drive that we build into our platform. Whether on the rock or in the market, successful performance comes from preparation, instinct, and risk with purpose.”

This announcement follows Toobit’s continued global expansion and rollout of new features including Earn, Convert, and Gift, as well as a collaboration with NovaMeme offering decentralized finance options. Each initiative is designed to support traders of every level with the tools they need to succeed. 

About Toobit

Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

The post Toobit Climbs New Heights in Partnership with Elite Climber Chris Sharma appeared first on BeInCrypto.

Bitcoin Price’s Chances Of Flipping $110,000 Improves As New Capital Enters Market

Bitcoin’s price surged strongly recently but faced a correction early last week. Now, the crypto king aims to recover those losses and continue its upward momentum. 

This rebound looks possible due to solid investor support, which is helping to stabilize the market and foster renewed confidence.

Bitcoin Investors Remain Bullish

Supply by Investor Behavior shows an uptick in Bitcoin. BTC first-time buyers have a sharp rise from July to December 2024 and again from March to May 2025. Both periods align with significant price expansions, indicating fresh capital inflows are strengthening the market’s structure.

These new investor inflows suggest growing confidence in Bitcoin’s future. This influx of capital can sustain price growth by increasing demand, which, combined with limited supply, creates upward price pressure. Investors appear optimistic about Bitcoin’s long-term potential.

Bitcoin Supply By Investor Behavior
Bitcoin Supply By Investor Behavior. Source: Glassnode

The HODLer Net Position Change highlights that long-term holders (LTHs) remain consistently bullish. LTHs are critical for price support, as they reduce the circulating supply by holding their coins. The presence of extended red bars in the indicator signals active accumulation, which keeps the price buoyant.

This steady accumulation by LTHs reflects a strong conviction, helping Bitcoin maintain resilience against short-term market fluctuations. The continued buying pressure from these holders provides a foundation for sustained price increases.

Bitcoin HODLer Net Position Change
Bitcoin HODLer Net Position Change. Source: Glassnode

BTC Price Needs To Secure Support

Bitcoin’s price currently sits at $109,160, just below the key resistance level of $110,000. Flipping this psychological barrier into support is essential for Bitcoin’s continued rise. Securing this level would restore bullish momentum and attract further buying interest.

If Bitcoin holds above $110,000, the path to surpassing its all-time high of $111,980 looks clear. This breakout could fuel a rally toward $115,000 in the coming days, driven by renewed investor enthusiasm and favorable market conditions.

Bitcoin Price Analysis.
Bitcoin Price Analysis. Source: TradingView

However, if LTH accumulation slows or is offset by selling pressure, Bitcoin could face downward pressure. A drop below $106,265 could push the price down to $105,000, invalidating the current bullish outlook and signaling caution for traders.

The post Bitcoin Price’s Chances Of Flipping $110,000 Improves As New Capital Enters Market appeared first on BeInCrypto.

Hackers Take Over Migos’ Instagram, Leak Solana Co-Founder’s KYC, Demand 40 BTC

Solana (SOL) co-founder Raj Gokal’s sensitive data was leaked through the compromised Instagram account of the renowned hip-hop group Migos.

The leaked content included photos of Gokal and his wife displaying identification documents, including passports and driver’s licenses.

Hackers Leak Solana Co-Founder’s Private Data

The hackers shared at least seven images with Migos’ 13 million followers. While hacking high-profile accounts to promote meme coins or conduct rug pulls is unfortunately common, this incident stood out due to an apparently failed extortion attempt. 

Hackers allegedly demanded 40 Bitcoin (BTC) from Gokal, as evidenced by this caption accompanying one of his images.

“You should’ve paid the 40 BTC,” the caption read.

Meanwhile, another image of Gokal holding up his passport was posted with the caption,

“It was only 40 BTC.. should’ve paid.” 

Additionally, some images appeared to contain more private information, such as phone numbers and email addresses. In fact, in one of the posts, hackers exposed Gokal’s personal number and urged followers to spam him. One post also included a photo of an individual identified as “Arvind.”

“There appears to be a guy Arvind who’s had his public SOL balance (or maybe it’s Raj’s?) leaked here,” Andy, co-founder of The Rollup, posted on X.

The posts remained visible for about 90 minutes before Meta removed them and regained control of the account. Besides the leaked images, the hackers altered Migos’ Instagram bio to advertise a meme coin.

“Also, there was just a link posted to a telegram group which is selling unreleased music,” Andy added.

Migos’ Hacked Account
Migos’ Hacked Account. Source: X/Andy

Blockchain investigator ZachXBT also weighed in on the incident. He suggested that Gokal’s personal accounts were likely targeted through social engineering tactics over the past week. 

“They tried to extort him for funds with the PII obtained. Guess he didn’t pay so they started trolling and posted it after they compromised Migos Instagram account today,” ZachXBT stated.

The hack follows Gokal’s previous warning on X. He notified users that hackers had been trying to break into his various online accounts recently.

“Attackers have been trying to take control of my email, social media, Google, Apple, etc. this past week. If you see anything suspect (token launch, soliciting funds, etc) that means they got through. be careful out there,” Gokal cautioned.

Is Solana Co-Founder’s Data Leak Linked to the Coinbase Breach?

Meanwhile, the nature of the leaked images suggested that they could be Know Your Customer (KYC) verification files. This has sparked concerns about a possible link to the recent Coinbase data breach. 

BeInCrypto previously reported that the exchange suffered a data breach affecting approximately 1% of its monthly active users. The incident came to light after hackers demanded a $20 million ransom from Coinbase, which the company refused to pay.

“If they have the KYC for the founders of Solana, then they have the KYC for every single person that ever used their platform and this wasn’t even the KYC information like their address, it was the photos from the self verification you have to do when you send a picture of yourself with your passport this is like 10 times worse than a regular KYC leak,” an analyst wrote.

Despite the speculation, no concrete evidence yet ties Coinbase to Gokal’s data leak. Meta has not issued a public statement regarding the incident. Moreover, Gokal has yet to comment officially on the breach.

The post Hackers Take Over Migos’ Instagram, Leak Solana Co-Founder’s KYC, Demand 40 BTC appeared first on BeInCrypto.

SunPump to Boost TRON Meme Coin Ecosystem – What Does it Mean for TRX Price?

Tron (TRX) continues to trade in a tight range around $0.27, with technical indicators pointing to a market in consolidation. Momentum has faded, as shown by a weakening ADX and a neutral RSI hovering near 50, signaling indecision among traders.

The token faces resistance at $0.274 and support at $0.256, with a breakout or breakdown likely to set the next directional move. Meanwhile, SunPump’s new CEX Alliance aims to boost TRON’s meme coin ecosystem, but on-chain activity and revenue remain subdued despite the initiative.

SunPump Launches CEX Alliance, But Platform Activity Remains Low

SunPump has officially launched its CEX Alliance, a strategic initiative aimed at supporting high-quality meme projects within the TRON ecosystem.

The alliance brings together several centralized exchanges, including BitMart, Poloniex, LBank, and others, to streamline listing procedures and amplify marketing efforts for promising projects with stable on-chain performance and market caps over $500,000.

Through coordinated campaigns, social exposure, and access to trading events, the initiative seeks to bolster meme coin visibility and foster growth within the TRON network.

SunPump Tokens Created Daily and Cumulative.
SunPump Tokens Created Daily and Cumulative. Source: Dune.

However, SunPump’s on-chain metrics paint a more muted picture. Despite the recent announcement, the platform has seen only around 98,300 token launches in total over the past nine months—a figure that Pump.fun often surpasses in less than a week.

Activity on the platform remains subdued, and revenue generation has been underwhelming, with daily earnings frequently falling below $1,000 in recent weeks.

While the CEX Alliance may introduce more exposure and credibility, SunPump’s ability to scale user participation and on-chain performance remains a critical challenge going forward.

TRX Enters Sideways Phase as Trend Strength Weakens

Tron’s Directional Movement Index (DMI) currently shows a weakening trend, with the Average Directional Index (ADX) falling to 11.68 from 24 just three days ago.

The ADX measures trend strength on a scale from 0 to 100, where readings above 25 suggest a strong trend—either up or down—while values below 20 indicate a weak or non-trending market. Alongside the falling ADX, the positive directional indicator (+DI) has declined to 20.74 and the negative directional indicator (-DI) to 15.41, both down significantly from earlier levels.

TRX DMI.
TRX DMI. Source: TradingView.

This alignment suggests that bullish and bearish pressures are both fading, pointing to a period of indecision and consolidation rather than clear directional momentum.

The Relative Strength Index (RSI) for TRX is currently at 49.87 and has hovered around the neutral 50 level for the past three days.

TRX RSI.
TRX RSI. Source: TradingView.

RSI is a momentum oscillator that ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 signaling oversold conditions. An RSI near 50 typically reflects balance between buying and selling pressure—suggesting that the market is in equilibrium.

With both DMI and RSI pointing to a lack of strong conviction from either bulls or bears, TRX is likely to remain range-bound in the short term unless a clear catalyst shifts sentiment.

Tron Price Consolidates: Will $0.274 Breakout or $0.256 Breakdown Come First?

Tron has been trading steadily around the $0.27 level over the past week, with its EMA lines pointing to ongoing consolidation.

The token recently failed to break through the $0.274 resistance, which remains a key short-term hurdle.

A successful breakout above that level could open the door for a move toward $0.279 and $0.282, potentially setting up a larger rally to reclaim the $0.30 mark for the first time since December 2024.

TRX Price Analysis.
TRX Price Analysis. Source: TradingView.

However, such a move would likely require renewed momentum and a shift in market sentiment.

On the downside, TRX faces important support at $0.256. If bearish pressure increases and that level is breached, the price could slip further to $0.250, and in a more extended pullback, even test $0.243.

The current setup suggests a market in wait-and-see mode, with traders closely watching for a decisive move in either direction.

The post SunPump to Boost TRON Meme Coin Ecosystem – What Does it Mean for TRX Price? appeared first on BeInCrypto.

How a Game Turned Into the Largest Bitcoin Mining Protocol, Powered by 8 Million Users — The Story of TeraHash

You may not have heard of TeraHash yet. Their website describes TeraHash as a “Bitcoin mining protocol built to make mining yields as simple and accessible as staking”. But TeraHash aims to go even further: to set a new standard for mining tokenization and unlock access to mining-based rewards for everyone.

So how is it that, even before launching, TeraHash already has over 8 million users around the world?

How did a mining-themed game launched just a year ago evolve into what could soon be one of the largest Bitcoin mining protocols  – backed by some of the most respected names in the mining and Web3 world?

Let’s take a closer look.

Chapter I: From Wall Street to Hashrate

The story of TeraHash began when its founders left the world of traditional finance on Wall Street, armed with deep expertise, extensive experience, and a powerful global network. Turning their focus to Bitcoin mining, they quickly scaled operations to become one of the largest players in the industry. Within just a few years, they built over 300 megawatts of Bitcoin mining operations and secured strategic partnerships with Bitmain and other industry leaders. To date, the team has deployed more than 10 EH of mining power and at one point operated nearly 2% of the entire Bitcoin network.

But the deeper they ventured into mining, the more one question kept surfacing: Why is one of the most profitable sectors in crypto still so difficult to access?

Despite offering some of the highest historical yields in the industry – 20%, 40%, even over 100% during certain cycles – Bitcoin mining remains notoriously inaccessible. Barriers like hardware procurement, hosting logistics, power agreements, and infrastructure setup create a steep entry point, often requiring millions in upfront capital and months of lead time. What should be a powerful wealth-generation tool is, for most, an exclusive domain reserved for insiders and large-scale operators.

This led to a pivotal idea:

Could there be a simpler, more inclusive way to access mining-based rewards?

Not by buying machines, but by buying a token — just like buying ETH or SOL. And ideally, without trusting centralized hosts or waiting weeks for delivery.

That concept became the foundation for a new protocol.

Chapter II: The Yield War

Crypto is, in many ways, a global market for yield.

Protocols compete to attract capital with the promise of returns:

Staking platforms, lending pools, rebase tokens, liquid staking, real-world assets.

By 2023, many DeFi protocols were offering just 4–8% APY, while Bitcoin mining was said to be quietly delivering 5 to 10 times higher returns.

Still, there was no on-chain standard for mining. And that raised a key question: what exactly should be tokenized? The machine itself? The revenue stream? Hosting capacity?

Eventually, the team focused on what they considered the core economic unit of mining:

The terahash per second (TH/s).

This led to the creation of THS — a tokenized representation of mining power.

Instead of purchasing a $5,000 machine with 200 TH/s, users could simply buy 1 THS, or even a fraction of THS. No need for hardware, hosting, or maintenance. 1 THS equaled 1 TH/s of live hashrate, operated by the protocol.

The team has positioned THS as the de-facto industry benchmark, akin to what ETH became for staking.

But to establish a new standard, there needed to be users — and a lot of them.

Chapter III: Enter the Cats

To build that user base, the team didn’t start with a whitepaper. They started with a game.

Amid the rise of Telegram mini-apps, they launched HashCats — a mining-themed simulation where players managed digital mining farms run by competitive, quirky cats.

Players could:

  • Buy and upgrade machines
  • Stake earnings to increase yield
  • Manage electricity costs
  • Optimize performance
  • Experience halvings and reward cycles

Beneath the surface, HashCats was an educational layer, subtly teaching mining economics to a mass audience.

It worked.

In less than 8 months, over 8 million users had onboarded. Over 1 million people were playing monthly. Many had no idea that behind the game was a real mining infrastructure taking shape.

Everyone was waiting for the $HASH token.

Chapter IV: The Reveal

In late April, the team made their move:

HashCats was just Phase One.

TeraHash was the protocol.

The $HASH token, earned in-game, would become the incentive and utility token of the protocol, designed to receive rewards from excess mining yield, offer discounts, and support user engagement.

The reveal caught many by surprise. But it also helped clarify the bigger picture.

Players weren’t just gaming — they had been part of a large-scale crypto onboarding experiment. 

TeraHash is about to launch in July, introduced a lineup of industry names involved in the project, and publicly set an ambitious goal: to tokenize at least $5 billion worth of mining hashrate over the next 3 years. Stay tuned to get latest updates.

The team positioned TeraHash as a future standard in mining tokenization.

Chapter V: What We Know So Far

While full protocol documentation is still pending, a few key pieces have already been shared.

At the core of the TeraHash system is THS — a token representing 1 TH/s of real, verifiable mining power. This token aims to become the standardized unit for mining tokenization, enabling users to access mining yield without buying hardware or managing infrastructure.

To ensure trust and accountability, the team has committed to quarterly audits and on-chain transparency reports, confirming that the number of $THS tokens in circulation matches the live hashrate under protocol control. Electricity costs, mining site data, and reward distribution metrics will also be made available through a public dashboard.

Long term, the protocol plans to integrate $THS into wallets, exchanges, and DeFi platforms.

In parallel, TeraHash introduces a second token: $HASH.

$HASH was the native currency of the original HashCats game and is expected to launch with over 1 million holders at TGE. Beyond nostalgia, $HASH plays an important role in the protocol’s design: it enables governance (DAO), provides discounts (e.g., on electricity), and most notably, serves as a mechanism for redistributing rewards from idle $THS.

The concept is simple: when users forget or fail to stake their THS, the associated mining rewards aren’t distributed. Instead, they are routed into a dedicated treasury, which periodically purchases$ HASH on the open market.

$HASH can then be staked, either solo or in combination with THS (dual staking), to unlock additional rewards. Dual staking is expected to be incentivized more heavily.

The team has also indicated that a detailed roadmap and a number of major partnership announcements are expected in June, which they describe as a “defining month” for the project.

Chapter VI: What Comes Next

As the crypto community watches closely, TeraHash is preparing to launch:

  • THS, a token tied to live, protocol-operated hashrate
  • HASH, an incentive asset tied to staking and rewards
  • A mining engine built to be transparent, modular, and DAO-governed

Whether TeraHash succeeds in redefining mining access remains to be seen. But its architecture suggests a push toward decentralization, programmability, and integration with wallets, custodians, and exchanges.

Could mining, one of the most capital-heavy industries in crypto, soon become open and programmable?

Could mining-based yield find its place in the broader DeFi landscape?

If TeraHash delivers on its promises, it might help reshape how the world views Bitcoin mining.

Many in the crypto community are watching closely.

The post How a Game Turned Into the Largest Bitcoin Mining Protocol, Powered by 8 Million Users — The Story of TeraHash appeared first on BeInCrypto.