German crypto and digital asset manager Deutsche Digital Assets (DDA) and Nordic cryptocurrency exchange Safello have announced the launch of the Safello Bittensor Staked TAO ETP.
The launch comes as the crypto industry welcomes a growing number of digital asset-related products across the market, including the Bitcoin ETP by BlackRock.
Meanwhile, Bittensor continues to attract attention as a top decentralized artificial intelligence (AI) project.
Developments around AI, including from Big Tech giants Nvidia, Microsoft and Meta, have often pushed TAO and other AI tokens into the limelight.
Frankfurt-based DDA, a pioneer in crypto exchange-traded products since 2017, announced the new product on October 29, 2025.
The ETP is a collaboration with Safello and brings a physically backed Bittensor ETP to the expanding market.
The product tracks the Kaiko Safello Staked Bittensor Index (KSSTAO) and is domiciled in Liechtenstein.
Trading under ticker STAO (ISIN: DE000A4APQY4) on SIX is slated to commence to enhance seamless buying and selling during standard market hours.
Moreover, the ETP is fully secured in cold storage by regulated custodian BitGo Europe GmbH and holds 100% physical TAO reserves.
Investors are to benefit from total returns encompassing TAO’s price appreciation plus staking yields, automatically reinvested into the net asset value (NAV).
With a competitive total expense ratio (TER) of 1.49%, it provides an accumulating income structure, ideal for portfolio diversification amid rising interest in AI-driven blockchain assets.
Maximilian Lautenschläger, CEO and founder of DDA, emphasized the strategic fit:
“We are excited to announce the launch of Safello Bittensor Staked TAO ETP through our collaboration with Safello. By leveraging DDA’s white-label ETP platform, we enable our partner to bring their innovative crypto investment strategies to market, while ensuring compliance with regulatory standards.”
Bittensor (TAO) is currently trading at $425 and powers a groundbreaking peer-to-peer network, incentivizing collaborative machine learning.
Participants contribute data, models, and compute power for tasks like image recognition, fraud detection, and protein structure prediction, earning TAO rewards in a proof-of-stake ecosystem.
With a market cap exceeding $4.3 billion, Bittensor exemplifies the fusion of blockchain and AI, positioning it as a high-growth asset in the evolving digital economy.
Safello CEO Emelie Moritz commented,
“The launch of Safello Bittensor Staked TAO ETP underlines Safello’s conviction in decentralised AI. Bittensor is a prime example of how decentralized technology and AI are converging to reshape the future of value creation. Together with DDA, we’re making it possible for investors to easily access this innovation through a regulated and transparent investment vehicle.”
Bittensor price reached highs of $457 on Oct. 29, but its all-time high is $767, which it hit back in April 2024.
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Solana (SOL) price dipped below the $200 mark on Wednesday as cryptocurrencies showed caution ahead of the Federal Reserve’s interest rate decision.
However, despite the 3.7% slip in the past 24 hours, institutional interest remains high. The overall macroeconomic tailwinds are also aligning, and SOL’s price could explode alongside other cryptocurrencies.
Despite the lackluster performance in the past month, Solana’s fundamentals suggest substantial upside potential.
Multiple bullish drivers point to this optimistic outlook and could fuel gains in coming months.
For instance, the rollout of spot Solana ETFs is forecast to catalyze unprecedented institutional inflows. Bitwise’s and Grayscale’s products lead the charge, but more are queued for SEC sign-off.
Day one volumes have analysts saying that a democratized access to SOL for traditional investors via familiar brokerage platforms as a potential price booster.
The ETF fervor aside, anticipation around the Federal Reserve’s interest rate decision is high. E
conomists have doubled down on a 25-basis-point reduction in the federal funds rate on Oct. 29, and anticipate a further rate cut in December. Analysts say these should be a catalyst for risk assets like cryptocurrencies.
Solana’s network activity adds to this outlook,including as seen in ecosystem revenue and decentralized exchange volumes. The SOL token is also attracting notable treasury bets.
Western Union, the world’s largest money transfer provider, building on Solana is a huge nod for the ecosystem.
Bitcoin and crypto influencer Lucky summed the above in a post on X.
Solana is catching the worldwide attention these days…
1️⃣ Solana’s first ETF launched in the U.S., hitting $56M+ trading volume on day one.
2️⃣ $8M traded in just 20 minutes, ranking among the most active crypto ETF debuts ever.
3️⃣ Western Union announced a USD-backed… pic.twitter.com/Kn2igQZRwf
— Lucky (@LLuciano_BTC) October 29, 2025
Per CoinGecko, Solana’s price traded at lows of $194 in early Asian hours on Oct. 29.
This is after bulls failed to make a decisive breakout above the psychological $200 mark, a threshold that now acts as a key base for both bulls and bears.
With prices down 3.7% in the past 24 hours, SOL is looking at a scenario where negative movement could extend losses to the $180 mark.
On the flipside, gains could see bulls target $250 and then $300 in the short term.
From the technical point of view, SOL price is respecting the downtrend line formed from early October.
The Relative Strength Index (RSI) on the daily chart is flatlining in the neutral area around 47.
However, while the Moving Average Convergence Divergence suggests buyers still have an upper hand, the histogram indicates bullish momentum is weakening.
The outlook suggests SOL’s price has a key immediate range of $180–$210 that could indicate next targets.
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Aerodrome Finance (AERO) price is up amid bullish momentum.
The token gained as web3 and gaming investor Animoca Brands makes a strategic investment, a move that helped AERO price extend 24-hours to over 10% and briefly surpass the $1 mark.
The Animoca Brands’ backing of Aerodrome Finance adds to the growing institutional interest in the decentralized exchange project on Base.
Animoca Brands announced its acquisition of AERO tokens on October 28, noting it made purchases on the open market. The company then staked all of these tokens for veAERO, demonstrating long-term commitment to Aerodrome Finance.
We've market acquired a position in $AERO and max-locked as $veAERO.@AerodromeFi is an innovative, next-generation AMM that has consistently captured over 50% of @base's DEX TVL, establishing itself as the central liquidity hub for the ecosystem.
Our rationale for doing this… pic.twitter.com/dBWCRkCryf
— Animoca Brands (@animocabrands) October 28, 2025
Buying and staking AERO aligns with Animoca’s mission to generate value in open networks and support innovative protocols.
As noted in the post above, the company sees Aerodrome as a dominant player on Base. With more than 50% of the DEX total value locked (TVL) on the blockchain, Aerodrome has become the central liquidity hub for the ecosystem.
“Aerodrome is a key component in the engine behind Base’s DeFi growth and Coinbase is making it seamless for its CEX users to trade tokens which have liquidity on DEXs such as Aerodrome thus driving more value to Aerodrome voters. With sustainable tokenomics for $AERO and the team’s ability to execute, Aerodrome has proven its standing as a key player in Base infrastructure,” Animoca Brands posted on X.
The investment follows a pattern of institutional backing for Aerodrome, including previous acquisitions by entities like Coinbase Ventures and Wintermute Ventures.
Alexander Cutler, CEO of Dromos Labs and a core contributor to Aerodrome, lauded Animoca’s move. He noted that AERO’s value is accessible only through open market participation and active involvement.
At the time of writing, AERO is up nearly 2% on the day and has extended the uptick to 10% in the past 24 hours.
Over the past week, AERO has climbed 26%. This sees it outperform the broader market gains and form an uptrend since touching lows of $0.70 on Oct. 17.
Currently, price hovers in a key range near $0.99 as bulls aim for a decisive breakout above the $1 psychological level.
If AERO strengthens above $1, it would allow bulls to target the next hurdles around $1.2 and then $1.34.
The RSI at 70 on the 4-hour chart nonetheless suggests gains will firmly push AERO into the overbought zone. However, the MACD points to strength for buyers as the signal line cuts above the zero line, suggesting bullish momentum.
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Securitize, a pioneering platform in asset tokenization, has announced its intention to go public through a merger with Cantor Equity Partners II, valuing the company at $1.25 billion.
The platform disclosed the strategic move on October 28, 2025, with this set to mark a major development for the tokenization industry.
Securitize is at the forefront of bringing global financial institutions onchain.
The move sees it join a growing number of crypto-focused companies going public across Wall Street and elsewhere.
In its case, the platform, renowned for its role in tokenizing assets for entities such as BlackRock and Apollo, will merge with Cantor Equity Partners II as it eyes the $1.25 billion listing.
Cantor Equity Partners is a special purpose acquisition company (SPAC) sponsored by Cantor Fitzgerald.
The transaction is anticipated to generate up to $469 million in gross proceeds, including a $225 million private investment in public equity (PIPE) financing round.
This capital infusion will enhance Securitize’s ability to scale its operations and advance its mission of making capital markets more accessible and efficient through tokenization.
8/ The deal is expected to deliver $469M of gross proceeds consisting of an upsized $225 million in committed common stock PIPE, anchored by new and existing blue-chip institutional investors, and $244 million of cash held in CEPT’s trust account, assuming no redemptions.
— Securitize (@Securitize) October 28, 2025
The merged entity, to be renamed Securitize Corp., will list on Nasdaq under the ticker symbol “SECZ.”
Going public sees Securitize cement its position as a leader in the tokenization space.
The platform, which has facilitated over $4 billion in tokenized assets, could attract even more attention as a public entity.
The company’s platform offers a comprehensive ecosystem, integrating with major blockchains and financial institutions.
It stands out as the first vertically integrated, SEC-registered tokenization provider.
BlackRock and Apollo are among firms to tokenize funds with Securitize.
“This is a defining moment for Securitize and for the future of finance,” said Carlos Domingo, co-founder and chief executive officer of Securitize. “We founded this company with a mission to democratize capital markets by making them more accessible, transparent, and efficient through tokenization. This is the next chapter in making financial markets operate at the speed of the internet and is another step in our mission to bring the next generation of finance onchain and tokenize the world.”
The public listing of Securitize is expected to accelerate the adoption of tokenization across traditional financial markets. Cantor Fitzgerald CEO Brandon Lutnick noted:
“We believe that blockchain technology has massive potential to transform finance, and partnering with Securitize underscores our confidence in tokenization as a foundational force in the next era of capital markets.”
The real-world asset (RWA) tokenization market has expanded by 135% over the past year, reaching a total value of $35 billion, according to recent data.
Analysts at Citi project that the tokenized RWA sector could climb to nearly $4 trillion by 2030.
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Polygon Labs has announced a strategic partnership with Manifold Trading as it looks to boost Polygon’s decentralized finance (DeFi) ecosystem.
The platform revealed the integration with the quantitative trading firm via a press release on October 28, 2025.
The news came as POL, the native token of the Polygon network, gained amid broader market optimism.
At the time of writing, POL hovered above $0.20.
Institutional-grade execution is the main take of Polygon Lab’s partnership with Manifold.
According to the announcement, the integration represents a deliberate effort to elevate the infrastructure of DeFi platforms within Polygon’s ecosystem.
At its core is Manifold’s proprietary quantitative models and high-frequency trading algorithms.
The integration brings the firm’s institutional infrastructure and experience to Polygon.
The alliance focuses on integrating Manifold’s execution engine directly into Polygon’s AggLayer, with Manifold deploying its sophisticated order routing and market-making tools tailored for DeFi environments to the Ethereum scaling solution’s network.
“Access to deep, stable liquidity is foundational to any mature financial system,” said Maria Adamjee, head of investor relations at Polygon Labs. “Manifold’s ability to actively manage spreads, size, and responsiveness across multiple venues makes them an ideal ecosystem partner as we continue scaling institutional-grade DeFi across the Polygon ecosystem.”
This integration is expected to roll out progressively.
At the centre of this partnership is the infusion of institutional liquidity into the DeFi ecosystem, addressing longstanding challenges such as fragmented pools and volatile pricing.
Manifold’s quantitative models excel in providing deep liquidity through automated market-making and predictive analytics, which can dynamically adjust to market conditions.
“Polygon has become one of the most active venues for DeFi innovation,” said Noah Hanover, quantitative developer at Manifold. “We’re focused on supporting market stability and depth at scale, so that traders, protocols, and capital allocators can operate in a liquid, reliable environment.”
The integration aligns with broader market and regulatory trends.
Many top platforms are incorporating features such as on-chain proof-of-reserves and compliance hooks to appeal to enterprise adopters.
Polygon, which recently activated its Rio upgrade to boost network transaction speed, efficiency, and cut fees, is one of the platforms eyeing greater traction.
Part of the growth has earned recognition. Ethereum co-founder Vitalik Buterin recently lauded Polygon’s role in pioneering zero-knowledge proofs.
POL is the native token that powers the Polygon ecosystem.
It functions as the platform’s native gas and staking token, which means it helps to secure the network as well as allow users access to the growing number of apps built on Polygon.
This marks POL as a token with real utility, a factor that has seen its price grow significantly amid both retail and institutional demand.
At the time of writing, POL traded above $0.20, a key level for bulls following recent declines
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KERNEL, the native token of restaking protocol KernelDAO, spiked more than 25% to hit highs of $0.23 early Tuesday.
While bulls are battling to hold onto the gains, the uptick saw the token rank among the top performers across the crypto market.
Given overall crypto sentiment, could Upbit listing help KERNEL price extend its upward momentum amid interest in restaking protocols?
As noted, the catalyst for KERNEL’s vertical price ascent today is likely trader reaction to Upbit’s announcement.
On October 28, 2025, the leading South Korean crypto exchange confirmed the token’s listing on its KRW market, adding support for trading on the Ethereum network.
The listing ignited immediate buying pressure, with KernelDAO daily volume spiking as bulls propelled KERNEL from lows of $0.16 to an intraday peak of $0.23 as of writing.
Notably, daily volume stood at over $316 million, up a staggering 1,540% in the past 24 hours.
With gains of over 20%, KERNEL ranked among the few top altcoins with double digit price movements on the day.
KernelDAO price hovered in the list of top gainers alongside Hedera’s HBAR, Pump.fun’s PUMP and Bittensor’s TAO tokens.
KernelDAO is a leading restaking protocol behind a $1.7 billion total value locked ecosystem.
The YZi Labs-backed project is live across top blockchains, including Ethereum and BNB Chain.
Notably, it boasts key products like Kernel, Kelp, Gain, and Kred, a recently introduced product focused on real-world assets.
Upbit’s listing is the latest in bullish support for the KERNEL token, with the South Korean crypto exchange known for its active trading community.
The listing not only boosts KERNEL’s visibility but also taps into fresh liquidity pools.
KernelDAO is a restaking infrastructure platform that provides a range of staking-related services.
It enables restaking on the BNB Chain, supports BNB Liquid Restaking Tokens (LRTs), and offers Bitcoin (BTC) restaking opportunities.
In addition, the project operates an Ethereum-based restaking protocol that runs directly on the Ethereum network.
This system includes a vault-style smart contract designed to manage staked ETH, rsETH, and liquid staking token (LST) assets.
The platform’s native KERNEL token serves multiple purposes, including governance, restaking, and slashing insurance within the ecosystem.
KERNEL price reached an all-time high of $0.46 in April 2025, and while it dropped to lows of $0.09 in June, it has recovered by more than 115% since.
Current prices around $0.19 means bulls are about 57% off the all-time peak.
As the broader cryptocurrency market rebounds amid various catalysts, including renewed institutional interest, regulatory clarity in key regions, and macroeconomic shifts favoring risk assets, KernelDAO looks set to benefit.
DeFiLlama shows the protocol’s total value locked (TVL) has pumped to over $1.7 billion.
As such, gains across the restaking sector could add further fuel to KernelDAO’s ecosystem.
Targets on the upside include the ATH and a breakout above $0.50.
On the downside, buyers need robust activity around $0.18 and $0.16.
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Avalanche price holds above the $20 mark amid news that Nasdaq-listed company AgriFORCE Growing Systems has secured shareholder support for a bold pivot into the Avalanche ecosystem.
The AVAX token, which has bounced off lows of $18 in the past week, shows notable resilience amid broader market optimism around a potential altcoin explosion.
Nasdaq-listed AgriFORCE, a company traditionally rooted in sustainable agriculture technologies, is eyeing an aggressive pivot into the crypto treasury strategy ecosystem.
Specifically, the company wants to become the first publicly traded entity on Nasdaq dedicated exclusively to the Avalanche blockchain network. AVAX One is the new company.
On October 27, AgriFORCE revealed it had secured special shareholder approval for the initiative .
A $300 million capital infusion and a further $250 million offering are set to fund an aggressive AVAX treasury strategy.
In the process of acquiring and holding AVAX tokens, AgriFORCE is poised to commit up to $700 million in exposure through direct purchases, staking, and ecosystem participation.
Matt Zhang, founder of Hivemind and nominated chairman of the AgriFORCE board, commented:
“With this mandate from shareholders, we can now proceed to close the transaction and begin the focused work of accumulating AVAX strategically and creating the Berkshire Hathaway of the on-chain financial economy.”
Amid the corporate enthusiasm, the Avalanche native token shows resilience.
While the price of AVAX fell from highs of $21 this week, bulls managed to recover from lows of $18. Maintaining stability above the critical $20 psychological level signals a potential bullish momentum that will align with the broader cryptocurrency market.
If bulls break above $30, the altcoin could target prices above $40. As well as tokenization, catalysts such as institutional inflows and narrative shifts around spot exchange-traded funds are critical.
AgriFORCE’s corporate strategy and market performance also point to what investors may want to look out for in the coming weeks. In its announcement, the company said it will put its plans into action in the coming days.
“The completion of this transaction will position the Company as the first Nasdaq-listed entity with a primary mission centered on the Avalanche ecosystem. The transaction is expected to close on or about October 30, 2025,” it wrote.
AVAX price reached its all-time high of $146 in November 2021.
The current price is well off this peak.
However, bulls have managed to bounce by an impressive 630% since the Avalanche price fell to its all-time low of $2.79 in 2020.
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Chainlink’s traction in the crypto and blockchain ecosystem sees the oracle network rank as a global standard for decentralized finance and capital markets on-chain.
Part of the growth now has the platform teaming up with Balcony, a leading real estate tokenization firm, to bring more than $240 billion in government-sourced property assets on-chain.
As the market eyes an overall bounce amid other tailwinds, could Chainlink’s native token, LINK, gain further amid the rising institutional adoption?
Among crypto news today is the announcement that Balcony, recognized as the premier platform for government-sourced real estate tokenization, has forged a pivotal alliance with Chainlink.
The latter is the gold-standard oracle network in the blockchain ecosystem, and the partnership points to growing adoption of Chainlink solutions.
In this case, the two platforms are collaborating via Chainlink’s Runtime Environment (CRE), which is now integrated into Balcony’s Keystone platform.
Chainlink and Balcony will tap into CRE to secure and digitize over $240 billion in on-chain property assets.
With Chainlink, Balcony has the blockchain solution to consolidate fragmented government-sourced property data into a unified, verifiable system.
The move lays the groundwork for compliant and programmable tokenized real estate, the firms said in an announcement.
At its core, CRE facilitates the seamless on-chain deployment of authenticated parcel data, fostering unparalleled transparency in an asset class that has long been hampered by opaque records and manual processes.
By embedding CRE within Keystone, Balcony unlocks new avenues for liquidity and accessibility, enabling fractional ownership, automated compliance checks, and real-time data verification.
The goal is to address longstanding challenges in real estate, such as fraud risks and inefficient transfers. It also elevates trust in tokenized markets, currently an asset category witnessing staggering growth.
Balcony’s integration of CRE is a clear example of how Chainlink’s industry-standard oracle platform is unlocking the next generation of real-world assets. By bringing government-sourced property data on-chain, Balcony is setting a new standard for transparency and efficiency in real estate. This partnership reflects an accelerating movement to redefine how institutions and market participants interact with tokenized assets in a compliant and verifiable way,” said Colin Cunningham, head of tokenized asset sales at Chainlink Labs.
Chainlink’s native token has surged in recent months amid broader market gains.
However, ecosystem developments have buoyed investor sentiment, helping bulls to hold prices above key support levels during profit taking events.
At the time of writing, LINK traded around $18.50, just in the red on the day but up nearly 4% as bulls continue to hold above $18.
Chainlink token’s resilience in the market and platform appeal in a maturing crypto landscape are two factors likely to help bulls eye new highs.
If LINK retests the $20 resistance level, a successful breakout could allow buyers to push for $30 and multi-year highs of $40.
RWA sector traction, DeFi resilience, and spot exchange-traded funds hype may prove key catalysts.
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Reliance Global Group Inc. (NASDAQ: RELI) has expanded its cryptocurrency portfolio with the addition of Solana (SOL), marking another step in its ongoing digital asset treasury strategy.
The move positions the company among a growing list of publicly traded firms integrating blockchain-based assets into their corporate balance sheets.
The announcement, made on October 27, 2025, confirms that Reliance now holds five of the top ten cryptocurrencies by market capitalization — Bitcoin, Ethereum, Cardano, XRP, and Solana.
The addition underscores the company’s belief in the long-term potential of blockchain technology and its applications in both finance and enterprise innovation.
Reliance’s decision to purchase Solana represents a milestone in its broader digital asset diversification strategy.
The company described the acquisition as part of its disciplined approach to building exposure across major blockchain ecosystems.
“By adding Solana alongside Bitcoin, Ethereum, Cardano, and XRP, we continue to execute our disciplined strategy of diversifying across leading blockchain ecosystems,” said Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board and Director of Insurtech at Reliance. “Solana represents the next generation of blockchain performance — built for real-world adoption and institutional-scale applications.”
Solana, currently the sixth-largest cryptocurrency by market capitalization at over $110 billion, has become increasingly attractive to corporate treasuries and institutional investors.
Known for its hybrid Proof-of-Stake and Proof-of-History consensus mechanisms, Solana can process over 65,000 transactions per second, with blocks confirming in about 400 milliseconds.
The blockchain’s scalability and efficiency have made it a favored platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications.
Fishman noted that expanding into Solana aligns with Reliance’s commitment to innovation while maintaining a balanced approach to governance, security, and compliance.
Solana’s inclusion in Reliance’s treasury comes amid growing institutional and corporate interest in the blockchain.
Its expanding ecosystem — spanning DeFi protocols, tokenized real-world assets, and NFT platforms — continues to drive adoption.
Market analysts point to the increasing appeal of Solana as a potential treasury asset, bolstered by the anticipation of regulatory approval for spot Solana exchange-traded funds (ETFs).
The token traded near $200 on October 27, reflecting broader optimism surrounding blockchain utility and scalability.
Reliance’s move follows similar announcements by other public companies in recent months, as corporate treasuries diversify away from traditional assets to hedge against inflation and capture long-term value in digital markets.
The addition of Solana to Reliance Global Group’s treasury is a strategic effort that many other public companies have tapped into across the market.
SOL’s price has largely benefited from the sentiment around these efforts.
While DeFi, NFTs and RWA traction stands out, Solana’s native token has received notable upside momentum from the growing treasury asset plays.
Forward Industries, Solana Company, Upexi, DeFi Development Corp, Sol Strategies and Sharps Technology are among the top SOL treasury companies.
Data from CoinGecko shows the 10 leading public companies cumulatively hold over 15.7 million SOL, currently worth over $3.18 billion.
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The uptick across the crypto market has seen the BNB price retest a critical price level around $1,160. Gains signal the potential for significant upward movement, particularly as analysts point to a big week ahead for risk assets.
With price hovering at $1,153 as of the time of writing, bulls’ flirtation with the pivotal supply zone remains critical.
BNB’s price action over the past week has seen the token approach and briefly test the area above the $1,160 level.
This retest, occurring amid a broader market rebound, demonstrates robust buyer conviction. Binance coin has recorded two consecutive green daily closes and eyes a third.
Indeed, the 3% uptick in the past 24 hours has the exchange token holding onto a nearly 20% tick up over the past month.
The last time it traded above $1,160 was in mid-October, which is when prices crashed from all-time highs above $1,370. BNB has broken higher amid an ascending channel pattern.
The Relative Strength Index has climbed from oversold territory below 40 to a neutral 54 on the daily chart. The RSI is around 65 on the 4-hour chart.
A divergence suggests diminishing selling pressure. This could give bulls more room to wiggle upwards before overbought conditions come into view.
In this case, a decisive close above $1,160 could validate a breakout.
Bulls will target the next resistance at $1,185 and $1,215, and success will bring the ATH above $1,300 into play. However, failure to hold off bears at $1,150 might see a pullback to $1,100 and then $1,080.
The horizon for BNB is considerably brighter with a recent development in mind.
In particular, President Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao not only invigorated BNB but the broader crypto market.
Zhao served a four-month sentence in 2024, having stepped down as Binance CEO and convicted of violations of anti-money-laundering guidelines as tied to Binance’s operations.
BNB surged immediately after Trump’s pardon. But the bigger question is whether Zhao’s pardon means he could return to the exchange behemoth.
Speculation is rife, but CZ is said to be more focused on YZi Labs and other initiatives.
The native token of the high-throughput BNB Chain has also benefited from fresh listings on platforms like Coinbase and Robinhood.
The retest of $1,160 could thus mark a key zone for both bulls and bears.
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Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours.
Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier.
As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up.
But what could help ME price in the short term?
Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today.
The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours.
This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash.
ZEC hovered around $270 on October 24, but was near $350 at the time of writing.
On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60.
While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23.
ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark.
RSI at 60 suggests bulls have more room to aim for gains.
Several factors appear to have converged to ignite this pump.
Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.”
This post, which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth.
Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment.
ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23.
As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration.
Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash.
Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains.
The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance.
Overlaying these platform-specific tailwinds is a broader crypto market rebound.
While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited.
The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds.
The macroeconomic lift could spill over to altcoins like Magic Eden.
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