Chainlink joins GAKS to support KRW stablecoin standards and adoption.LINK price sees modest rebound on partnership and whale accumulation.Technical oversold conditions may trigger a short-term price recovery for LINK.Chainlink Labs has officially joined the Global Alliance for KRW Stablecoin (GAKS), a key initiative led by South Korean blockchain and gaming company WEMADE.Chainlink Labs has joined the Global Alliance for KRW Stablecoins (GAKS) led by WEMADE, a 600M+ user platform.https://t.co/PdTxmFvSbjThe alliance is advancing stablecoin standards in Korea by leveraging Chainlink's data, interoperability, compliance, & privacy standards. pic.twitter.com/QPTuTH4mEo— Chainlink (@chainlink) January 27, 2026The alliance was launched in November 2025 to promote the adoption and standardisation of Korean-won-backed stablecoins.Its goal is to ensure that KRW stablecoins meet both local regulatory requirements and global technical standards.GAKS brings together a diverse group of members, including security firms, fintech companies, and blockchain infrastructure developers.The inclusion of Chainlink Labs adds a major oracle network to the alliance’s roster, enhancing its technical capabilities.Chainlink’s role in developing the KRW stablecoins standardsChainlink’s participation in GAKS positions the company as a central player in establishing global technical standards for KRW stablecoins.By leveraging its oracle technology, Chainlink bridges blockchain networks with real-world data, ensuring that KRW-backed digital assets are transparent, reliable, and compliant.The alliance benefits from Chainlink’s expertise in data integrity and verifiable real-time information, which is crucial for institutional adoption.With this technology, KRW stablecoins can be confidently used in tokenised asset projects and other digital finance applications, both locally and internationally.Furthermore, Chainlink’s inclusion adds institutional credibility to GAKS. Its Oracle solutions are already trusted by major global institutions such as UBS, Mastercard, and Fidelity International, signalling that KRW stablecoins under this framework are built to meet high regulatory and security standards.GAKS, supported by Chainlink, is now well-positioned to drive real-world adoption of KRW stablecoins while maintaining transparency, trust, and technical robustness, a model that could influence other regulated stablecoin ecosystems worldwide.LINK price outlook as Chainlink joins GAKSThe announcement of Chainlink’s partnership with GAKS has provided a modest boost to LINK’s price, up over 1% in the past 24 hours, slightly outperforming the broader crypto market.This uptick reflects a combination of fundamental, technical, and market dynamics.The strategic partnership directly connects LINK’s utility to South Korea’s regulated stablecoin sector, reinforcing its role as critical infrastructure for institutional finance and real-world asset tokenisation.By participating in GAKS, Chainlink signals to investors that its technology is central to a compliant and high-growth market, which may support long-term demand for LINK.On-chain data also points to significant accumulation by large holders, who have withdrawn LINK from exchanges, reducing immediate sell-side pressure.This trend suggests that informed investors see current levels as a value opportunity, adding a foundation for price stability and potential rebounds.From a technical perspective, LINK was approaching oversold conditions, with RSI briefly dropping to 38.95 and the price testing the $11.38–$11.92 support zone.Chainlink (LINK) price analysisChainlink price chart | Source: TradingViewWhile the overbought conditions often precede short-term rebounds, as is currently the case, the broader market indicators remain cautious, with LINK trading below major moving averages, including the 200-day SMA around $16.056.A more meaningful reversal would likely require a break above $13.40 (7-day SMA).Overall, while LINK may see short-term gains from the GAKS partnership…

Shiba Inu price trades near the resistance line of a falling wedge.If SHIB breaks out on robust volume, price targets include highs of $0.00001.Token holders are pulling assets off exchanges to signal bullish confidence.Shiba Inu (SHIB) is gaining fresh attention from traders as its price appears poised for a breakout, supported by a tightening wedge pattern on the daily chart.The token traded around $0.00000779, slightly up on the day as buyers ramp up pressure amid growing on‑chain accumulation.Data shows Shiba Inu price boasts a bullish technical structure, with analysts noting a potential move higher is on the horizon.Dogecoin, Pepe and Floki are also poised for an uptick.Shiba Inu: current price and market dynamicsAs of late January 2026, Shiba Inu hovers around the 0.0000078 level, trading in a tight range after a recent bounce from near 0.0000075.Recent declines and upticks see the cryptocurrency tracking a long-term falling wedge pattern.The pattern prints each successive low higher than the last and the upper trendline slopes downward.This indicates diminishing selling pressure, signalling the consolidation phase could pave the way for a major breakout, especially if volume begins to pick up on the upside.While SHIB’s price remains well below its 2025 highs, buyers are upbeat and are actively pulling tokens off exchanges.In one instance, token holders pulled more than 29 million SHIB from crypto exchanges in the past 24 hours. The data suggests active accumulation as a factor, and that means likely reduction in selling pressure.Historically, large outflows from major exchanges have pointed to smart money accumulation, a phase that often proceeds price explosion.This happens when rising demand follows a downtrend, which is what analysts are predicting will be the case as memecoins wake up.​Shiba Inu price prediction: why SHIB tracks a potential breakoutAs noted, Shiba Inu’s technical outlook includes a falling wedge pattern on the daily chart.Shiba Inu Price ChartShiba Inu price chart by TradingViewThe token continues to trend lower, but is notably near the upper trend line amid signs of renewed buying interest.For bulls to confirm an upward breakout, the price would need to decisively clear resistance in the $0.0000085-$0.0000098 zone.Analysts say this should be on strong volume, with a surge above $0.00001 critical to near term continuation.Shiba Inu will benefit from positive vibes across the broader altcoin market, particularly if meme and utility tokens begin to gain traction.Bitcoin performance and investor appetite for high‑beta tokens like SHIB will also be critical.Developments across the Shiba ecosystem, Shibarium, and merchant adoption could all provide additional tailwinds.The post Shiba Inu price eyes breakout amid tightening wedge pattern appeared first on CoinJournal.

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Ethereum (ETH) holds near $3,000 as institutions accumulate despite mixed short-term sentiment.Strong staking, wallet growth, and ETF inflows support Ethereum’s price floor.ERC-8004 could unlock AI-driven on-chain demand and long-term ETH value.Ethereum is entering a pivotal phase as price action, institutional flows, and protocol-level innovation begin to converge.After a volatile start to the year, ETH has reclaimed the $3,000 level, signalling renewed confidence among both traders and long-term holders.At the time of writing, Ethereum is trading near $3,010, with a market capitalisation of roughly $364 billion and a 24-hour trading range between $2,899 and $3,028.This recovery comes despite ETH still trading nearly 40% below its August 2025 all-time high near $4,946.The broader context suggests that Ethereum’s current consolidation may be less about weakness and more about preparation.Market structure shows resilience despite mixed sentimentEthereum’s recent dip below $3,000 was short-lived, as buyers stepped in aggressively to defend the psychological support level.On-chain data indicates that ETH is trading within a dense cost-basis cluster, which often reflects accumulation rather than distribution.The number of non-empty Ethereum wallets has reached a record high, highlighting continued network adoption even during periods of price uncertainty.Staking demand remains robust, with validator entry queues expanding while withdrawal activity stays relatively muted.This imbalance suggests that more participants are committing ETH to secure the network than looking to exit positions.Institutional behaviour further reinforces this trend, as reports indicate that companies and funds have added over one million ETH to their balance sheets in recent months.Spot Ethereum ETFs have also returned to net inflows after several days of outflows, led primarily by strong demand for Fidelity’s ETH product.However, selling pressure from US investors remains visible, as the Coinbase Premium Index continues to signal cautious domestic sentiment.Ethereum Coinbase Premium IndexEthereum Coinbase Premium Index | Source: CryptoQuantThis divergence between institutional inflows and retail hesitation has kept ETH locked in a tight range rather than triggering an immediate breakout.From a technical perspective, Ethereum faces near-term resistance around the $3,050–$3,100 zone, aligned with the 20-day exponential moving average.A decisive close above this region could open the door to a move toward $3,260, while a loss of $2,880 support would shift focus to lower demand zones near $2,775.Ethereum price analysisEthereum price chart | Source: TradingViewBullish long-term narratives remain intactDespite short-term consolidation, many traders argue that Ethereum’s broader market structure still supports significantly higher valuations.Several analysts point to historical cycle patterns and Wyckoff-style accumulation models that continue to project upside scenarios.In these frameworks, ETH’s current range is viewed as a re-accumulation phase rather than a topping formation.Some traders, like Annie and Bitcoinsensus, maintain that a sustained breakout could eventually place $10,000 ETH back on the table later in the cycle.This outlook is reinforced by steady growth in daily transactions, active addresses, and smart contract deployments across the network.Notably, Ethereum has achieved this activity growth while transaction fees have declined to multi-year lows, improving usability without sacrificing demand.Lower fees are often interpreted as a catalyst for long-term adoption, particularly for applications that rely on high transaction throughput.These structural improvements strengthen the long-term Ethereum price forecast as 2026 unfolds.ERC-8004 rollout adds a new fundamental catalystAgainst this backdrop, Ethereum is preparing for the mainnet rollout of ERC-8004, a new standard designed to support decentralised AI agents.ERC-8004 is going live on mainnet soon.By enabling discovery and portable reputation…

Bittensor (TAO) price gained 5% to intraday highs of $241.TAO rose as AI tokens rallied, with Render and Virtuals Protocol also up.Bulls target a breakout, with $240 as support amid potential macroeconomic tailwinds.Bittensor’s TAO token was showing strong bullish momentum as the artificial intelligence-linked cryptocurrency segment recorded notable gains.TAO ranked among the top performers over the past 24 hours, with traders eyeing a potential breakout above the $240 level.Beyond the broader AI narrative, improving market sentiment ahead of key macroeconomic events and earnings releases has helped drive renewed interest in the decentralised AI token.Bittensor price touches $240Bitcoin’s move to above $90,000 on Wednesday, and Ethereum’s uptick to $3,000 headlined crypto stories in early trading sessions on January 28.An anticipated Federal Reserve decision and Big Tech earnings, which highlight this week’s events, helped put risk assets back into an upward trajectory.As the top coins heave at resistance levels, Bittensor and other AI tokens rallied.TAO price jumped 5% as derivatives signalled retail interest, with trading volumes spiking alongside heightened open interest in futures markets.Having retested the $240 level and briefly touched $241, bulls are likely to regroup and power to new intraday highs.Macroeconomic tailwinds could catapult TAO higher.TAO gains as AI tokens rallyBittensor was not the only AI-linked token to post gains on the day.Rallies in Render, Virtuals Protocol and the Artificial Superintelligence Alliance placed all three among the top gainers within the top 100 cryptocurrencies by market capitalisation.RENDER, VIRTUAL, and FET rose between 5% and 9% over the past 24 hours, while smaller tokens such as Oasis, AI Companion and Kite recorded sharper advances.The broad-based move higher points to a renewed upswing in the AI crypto segment, underscoring the strength of the sector’s narrative, with Bittensor continuing to stand out through its subnet-based ecosystem.Improving sentiment across the category suggests potential accumulation, with large holders showing interest as asset managers roll out investment products that provide exposure to AI-focused digital assets.Bittensor price forecastBittensor’s architecture incentivises AI model contributions via competitive subnets, which is driving adoption and value accrual.Technical patterns signal a potential bullish breakout, with support targets above $240 likely if bulls dominate on strong volume.Bittensor TAO Price ChartTAO price chart by TradingViewOn the 4-hour chart, Bittensor sports positive momentum indicators, including RSI recovery and MACD.The latter paints a bullish crossover pattern, suggesting taking out bears above $240 might be pivotal for buyers.On the flip side, support lies around the $235-$230 area. Bulls will be eyeing the artificial intelligence narrative and the Fed.The post TAO price gains 5% as AI crypto segment posts broad rally appeared first on CoinJournal.

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WisdomTree’s tokenised funds strengthen Solana’s institutional adoption narrative.SOL faces key resistance at $130 after forming support near $117.Rising on-chain activity boosts usage despite ongoing meme coin risks.SOL is currently trading around the mid-$120 range, having recently struggled to reclaim the psychologically important $130 level.Despite short-term weakness, broader developments within the Solana ecosystem suggest growing structural support beneath the price.At the centre of this renewed narrative is WisdomTree’s decision to expand its tokenised fund offerings onto the Solana blockchain.BREAKING: WisdomTree expands tokenized fund access to SolanaEnabling retail and institutional users to transfer, and hold @WisdomTreePrime’s full suite of regulated tokenized funds on Solana pic.twitter.com/HXxtSbKjns— Solana (@solana) January 28, 2026This move places Solana firmly within the accelerating real-world asset tokenisation trend led by traditional financial institutions.WisdomTree’s expansion of its tokenised funds to SolanaWisdomTree manages more than $150 billion in assets, making its presence on Solana a significant validation signal.By enabling tokenised money market, equity, fixed income, and allocation funds on Solana, WisdomTree is deepening institutional use cases for the network.The integration allows both institutional and retail participants to mint, trade, and hold regulated tokenised funds natively on-chain.Solana’s fast settlement speeds and low transaction costs appear to be key reasons behind WisdomTree’s expansion choice.This development strengthens Solana’s positioning as a blockchain capable of supporting regulated financial products at scale.Institutional adoption often acts as a slow-burning catalyst rather than an immediate price trigger.However, it can materially alter long-term demand dynamics for SOL as the network utility expands.Technical structure and speculative activity shape short-term outlookAt the same time, market participants are watching SOL’s technical structure closely.Recent price action has shown signs of a potential double-bottom formation around the $117 area.This pattern is often interpreted as a stabilisation phase following extended downside pressure.If SOL can maintain support above this region, technical traders see room for a move toward higher resistance zones.The $130 level represents a critical short-term barrier that has capped upside momentum.A clean break above $130 could shift market sentiment decisively toward a bullish continuation.Beyond technicals, on-chain activity across Solana continues to show mixed but notable signals.Meme token activity on Solana has experienced a surprising revival after months of reduced engagement.Platforms like Pump.fun have driven a surge in new token creation, approaching an eleven-month high.Hundreds of thousands of addresses have re-engaged with Solana’s meme economy in recent weeks.This activity has translated into rising decentralised exchange volumes and fee generation.While much of this participation is short-term and speculative, it still contributes to network usage.Higher transaction counts and fee flows indirectly reinforce SOL’s role as the network’s economic backbone.However, the meme token sector has also highlighted ongoing risks within Solana’s ecosystem.The rapid collapse of the LICK memecoin underscored persistent issues around insider concentration and token launch practices.Events like this can weigh on sentiment, particularly among more risk-averse investors.Nevertheless, speculative excess has historically coexisted with meaningful innovation during growth phases.The post Can SOL break past $130 as WisdomTree expands tokenised funds to Solana? appeared first on CoinJournal.

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Jupiter price jumped to above $0.23 as several altcoins pumped.Social chatter around airdrop activity and exchange integrations.JUP is also up for robust product adoption on Solana.Jupiter (JUP), the cryptocurrency token of Solana’s leading decentralized exchange, rose to highs of $0.23 on Wednesday, tracking intraday momentum across the broader market.The double-digit gains, which extend Jupiter’s uptick amid multiple key catalysts, mean another surge could bring the $0.30 level into view.Why is JUP price rallying this week?JUP is climbing alongside broader altcoin gains, with the token extending its rally to 13% over the past week.Bulls edged nearly 10% up in the past 24 hours, before a slowdown cut these to around 8% at the time of writing.After touching highs near $0.23, JUP traded around $0.21, but its latest rally reflects trader interest in Solana’s leading DEX aggregator.One key tailwind is the final Jupuary snapshot scheduled for January 30.Demand is spiking as users position for the potential 200 million JUP rewards. This event has amplified trading activity and liquidity provision ahead of the deadline.Meanwhile, Coinbase’s recent Solana integration further bolsters momentum. By enabling users to trade via Jupiter directly within the exchange, Coinbase puts the DEX on track for expansion to millions of retail traders.Elsewhere, Jupiter has established its footprint with product developments like JupUSD stablecoin and Jupiter Lend, with DeFiLlama metrics showing a sharp increase in revenue generated.Notably, Meteora, Jupiter and Uniswap saw huge revenues in 2025. Per data, the three platforms dominated other DeFi protocols’ fee revenue, with each generating well over $1 billion over the year.DEX volume has also increased significantly over the past week.Jupiter price prediction: Is $0.30 next?JUP’s price outlook is bullish amid the latest gain.While the long-term trend highlights the plunge from above $1 in 2025, resilience in the past weeks has technical indicators pointing to a possible momentum shift.The Moving Average Convergence Divergence (MACD) boasts a bullish crossover, while histogram bars have turned positive.Also alluding to renewed buying strength is the Relative Strength Index (RSI), which hovers near 58 on the daily chart.Except for a looming unlock of about 53 million JUP tokens, the overall picture is primarily positive.If transaction flows and user engagement hold firm, a breakout to $0.30 will highlight $0.60 as the next target.However, this confluence of catalysts could be overridden by broader market headwinds. JUP support lies in the $0.20-$0.18 area.Jupiter price reached its all-time high of $2.04 in January last year.The post Jupiter price prediction: JUP extends gains as bulls eye $0.30 next appeared first on CoinJournal.

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Grayscale has filed for an Sui ETF, boosting institutional interest in SUI.SUI currently trades at $1.41, facing key resistance at $1.55.Analysts warn of a possible short-term dip before a stable base forms.SUI, the native token of the Sui blockchain, is experiencing renewed optimism following Grayscale’s update to its S-1 form for a Sui-focused ETF.The proposed ETF would trade under the ticker GSUI on the NYSE Arca, and it is designed to include staking features, allowing investors to earn yield while holding the token.Coinbase will serve as the prime broker for the ETF, while the Bank of New York Mellon will provide administrative support.Other firms, including Bitwise and Canary Capital, have also filed for SUI-related products.These signals are growing institutional interest in the Sui ecosystem.The filings suggest that SUI may gain traction not only among retail investors but also professional investors seeking regulated exposure.Sui price analysisSUI is currently trading at $1.41, down 3.6% over the past seven days.Its 24-hour trading range has been narrow, between $1.40 and $1.45.Technical analysts point to $1.55 as the next key resistance level that traders should watch.A break above this point could pave the way for further gains toward $1.60 and $1.68.However, short-term support is currently around $1.40, and a decisive break below this could push SUI toward the $1.20–$1.30 range.The Relative Strength Index (RSI) suggests SUI may be oversold in the short term, providing potential for a rebound.Sui price analysisSui price chart | Source: TradingViewDespite this, some analysts caution that the recent bounce may be weak compared to larger cryptocurrencies like Bitcoin and Ethereum.They suggest that SUI could retest lower support levels near $1 or slightly above, before forming a more stable base.The 7-day range of $1.38 to $1.54 indicates volatility but also shows that buyers are still defending critical price zones.SUI price outlookInstitutional interest is growing as the broader crypto market navigates volatility.ETF filings from multiple firms demonstrate confidence in the long-term prospects of SUI.At the same time, historical performance shows that the altcoin has faced large swings, with an all-time high of $5.35 and a low of $0.3648.Even with these fluctuations, the token has gained more than 285% from its recent low, reflecting strong recovery potential.Trading volume remains healthy, with over $635 million exchanged in the last 24 hours.This liquidity can support price movements as the market reacts to ETF developments and technical patterns.If bullish momentum persists, the cryptocurrency may challenge the $1.55 resistance in the near term.Conversely, failure to break above key levels could result in a consolidation phase or minor pullback.The combination of institutional interest, ETF filings, and technical setups makes this a critical moment for SUI.Investors and traders will likely monitor both price action and regulatory updates closely.As the token navigates resistance and support levels, the next few weeks could determine its trajectory.With proper momentum, SUI could be poised for a renewed bullish phase, edging closer to $1.55.The post SUI price outlook: Grayscale Sui ETF filing lifts sentiment as token eyes $1.55 resistance appeared first on CoinJournal.

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Chiliz (CHZ) price fell sharply on Thursday, with a more than 15% plunge sending prices to lows of $0.046.Losses for the token comes as Bitcoin price drops sharply to impact top altcoins.Upbeat sentiment around CHZ remains amid roadmap plans and World Cup 2026 anticipation.The CHZ token, native to the leading blockchain platform powering fan engagement in sports, saw its value tumble as the broader altcoin market faced a fresh downturn.Chiliz traded to its intraday lows as Bitcoin dropped to under $85,000 again.BTC’s sharp plunge has altcoins in peril mode, with Ethereum down to $2,800, XRP to $1.79, and Solana to $117. CHZ ranked as one of the biggest losers in the top 100 by market cap.CHZ dips after recent surgeThe Chiliz price enjoyed a robust 30% weekly rally leading into late January, with a sudden pump outpacing a slumping global crypto market. CHZ pumped to near $0.06.In reality, the upswing can be traced back to the momentum of mid-December 2025, when bulls shattered the $0.035 resistance level.The uptick coincided with heightened anticipation for the FIFA World Cup 2026 set for the summer in the United States, Mexico, and Canada.Chiliz’s Fan Token ecosystem, which powers tokens for clubs like FC Barcelona and Juventus, has positioned itself as a key blockchain partner.Event-driven sentiment and Chiliz Chain 2.0 upgrades bolstered bulls. However, concerns over fan attendance amid US visa bans and boycott calls have slightly dampened the outlook.Chiliz Price ChartChiliz price chart by CoinMarketCapSharp declines come amid this, with widespread profit-taking by short-term holders and mounting weakness across altcoins, exacerbating the situation.Chiliz price forecast: any bullish catalysts?The current market conditions could allow bears to target the $0.040-$0.035 support zone.However, beyond its recent volatility, Chiliz’s price may ride broader tailwinds.The FIFA World Cup in June-July 2026 looms as a centerpiece, while upgrades and regulatory developments could ignite further Fan Token launches.Chiliz’s “2030 Vision” roadmap, which emphasizes DeFi integrations and institutional tie-ups, also adds to the potential bullish catalysts.The optimism for Chiliz also lies around the implementation of a transaction fee burning model similar to Ethereum’s EIP-1559.With this mechanism, a portion of CHZ is burned every time users trade Fan Tokens, mint real-world assets, or transfer a media rights asset.Users pay gas fees using the CHZ token, and a reduction in supply can significantly impact prices in the long term.Technically, a rebound above the $0.050 psychological level will hint at resilience. A break above $0.064, the token’s January 17 peak, could bring  $0.10 into view.The MACD’s upward histogram and OBV strength suggest accumulation may persist.The post Chiliz price drops 15% amid sharp altcoin pullback appeared first on CoinJournal.

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Optimism (OP) underperformed as risk-off sentiment hit high-beta altcoins hardest.The buyback plan is delayed, small, and lacks immediate supply reduction.Technical breakdown below key averages has triggered strong sell-side momentum.The Optimism (OP) token is falling even after token holders approved a long-awaited buyback plan.At first glance, this seems counterintuitive, since buybacks are often seen as bullish for token prices.However, the market reaction highlights the gap between long-term fundamentals and short-term trading reality.OP is currently trading around $0.27, down roughly 8.8% in the past 24 hours.This decline is sharper than the broader crypto market’s 5.26% drop over the same period.The underperformance signals that OP is facing pressures beyond simple market noise.Market-wide risk aversion is dragging down high-beta tokensThe crypto market is currently in a clear risk-off phase.Investors are rotating away from speculative assets and toward traditional safe havens.Gold has surged to record highs, reflecting heightened global uncertainty.At the same time, Bitcoin has slid to around $85,000.When Bitcoin weakens during risk-off periods, altcoins typically fall harder.OP is considered a high-beta asset, meaning it magnifies broader market moves.As a result, even modest market stress translates into outsized losses for OP.The Fear and Greed Index sits at 38, firmly in “Fear” territory.This indicates traders are prioritising capital preservation over growth opportunities.In such conditions, narratives like governance wins and future buybacks struggle to gain traction.Instead, liquidity dries up and sellers dominate price action.This macro backdrop sets the stage for OP’s underperformance.The buyback approval didn’t meet short-term market expectationsWhile Optimism token holders have approved a proposal to allocate 50% of Superchain sequencer revenue to OP buybacks, the market has reacted negatively rather than positively, and the main reason is timing.The buybacks are scheduled to begin in February, not immediately. For short-term traders, delayed execution reduces the perceived impact.The scale of the program also disappointed investors. Annual buybacks are estimated at around $8 million.That figure represents roughly 1.5% of OP’s current market capitalisation.Such a modest allocation is unlikely to offset sustained selling pressure. Additionally, the plan does not include token burns.Repurchased tokens are sent to the treasury, leaving future supply decisions uncertain.At the same time, token unlocks continue to add supply to the market. This imbalance weakens the buyback narrative in the near term.Rather than acting as a price floor, the announcement became a “sell the news” event.Conclusion: long-term promise, short-term pressureOP’s price decline reflects a convergence of macro, narrative, and technical factors.Market-wide risk aversion has reduced demand for speculative altcoins.The buyback plan, while structurally positive, lacks immediate impact.The token recently broke below its 7-day and 30-day simple moving averages, triggering algorithmic and momentum-based selling.Optimism (OP) priceOptimism (OP) price chart | Source: TradingViewThe Moving Average Convergence Divergence (MACD) indicator has also turned negative, pointing to accelerating downside momentum.The Relative Strength Index (RSI) remains near 44, suggesting OP is not yet oversold, meaning there is little technical support from bargain hunters.Together, these forces explain why OP is falling despite positive governance news.Long-term, tying token value to Superchain revenue remains a meaningful shift.Short-term, however, traders are focused on survival rather than future alignment.The next major test, according to analysts, will be whether OP can hold the $0.2528 support level.Upcoming macro data, particularly US inflation metrics, may determine the next move.But until the market sentiment improves, OP is likely to remain under pressure despite its improving fundamentals.The post Here’s why…

Bitcoin fell below $85,000 and touched a low of $84,250.CoinGlass data shows total liquidations hit $804 million over the past 24 hours.The crash happened as gold fell from its peak above $5,500 on Thursday.Cryptocurrency markets saw a sharp risk-off move on Thursday, with Bitcoin sliding to a low of $84,250.The sell-off swept through major tokens, sending shockwaves across the crypto derivatives market.Long positions bore the brunt of the move, as the drop pushed total liquidations over the past 24 hours above $800 million.The downturn coincided with an abrupt reversal in gold prices, with the metal retreating from recent highs above $5,500.Analysts cited mounting macroeconomic and geopolitical tensions as key drivers of the sudden shift in sentiment.Bitcoin Price ChartBitcoin price chart by CoinMarketCapBitcoin tanks as gold sheds gainsBitcoin has struggled to reclaim the $90,000 support level, with a brief move toward that mark fading as gold surged.During Asian and early European trading on January 29, the cryptocurrency began a steady decline, slipping below $88,000.Selling accelerated as the US session opened, with Bitcoin sliding on above-average trading volumes.The sell-off pushed the benchmark asset to an intraday low near $84,000, its weakest level since December 2025.The same area had seen a bearish retest in November, a move that may have prompted at least one large holder to sell roughly 200 BTC.Over the past 24 hours, Bitcoin was down about 5%.The broader market sell-off dragged Ethereum to around $2,800, XRP to $1.79, and Solana below $120.Crypto investor Ted wrote on X that the latest drop has left Bitcoin trading near a critical technical level.$BTC is now back into its strong support zone.Nearly $140,000,000 in spot bids have been placed between the $80,000-$84,000 level.If this zone is lost, Bitcoin will go straight to April 2025 lows. pic.twitter.com/QBbW294Rc0— Ted (@TedPillows) January 29, 2026The Bitcoin sell-off unfolded amid a broader shift to risk aversion across global markets.Equities moved lower, led by a sharp decline in Microsoft shares, while investors also reacted to a sudden reversal in precious metals.Gold, which had climbed to a record high above $5,500 an ounce earlier on Thursday, reversed course and fell toward $5,300. Silver also retreated sharply from recent highs.Analysts said the move reflects a mix of macroeconomic pressures and heightened geopolitical risks, including rising tensions between the United States and Iran.The Federal Reserve’s decision to hold interest rates on Wednesday, alongside guidance suggesting rate cuts may be delayed until late 2026, further weighed on risk assets, prompting investors to favour short-term cash positions over digital assets or traditional safe havens.Over $800 million was wiped out amid a surge in derivatives liquidationsBitcoin’s sharp decline was mirrored in the derivatives market, where leveraged positions were unwound aggressively.Data from crypto analytics platform Coinglass show that more than $800 million in positions across spot and futures markets were liquidated over the past 24 hours, with the bulk of losses borne by long traders.Bitcoin alone accounted for $332 million in liquidations during the period, of which more than $318 million were long positions, according to the data.While the scale of the sell-off and liquidations was smaller than the market dislocation seen on October 10, 2025, analysts say the episode underscores ongoing fragility in market positioning.The post Bitcoin crashes to $84K, triggering $800M in crypto liquidations appeared first on CoinJournal.

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Mevstake 2.0 replaces pooled MEV operations with dedicated personal bots per user.Individual bot architecture improves load distribution and system stability.Fully automated MEV execution with no strategy setup or manual oversight.Mevolaxy has announced the next stage of development for its Mevstake direction – Mevstake 2.0. The key change in the new version lies in the product architecture: a format of personal MEV bots is being implemented instead of a shared operational model.In Mevstake 2.0, each participant receives a dedicated MEV bot that operates within the platform’s set parameters. This means that operations are no longer pooled together but are processed individually at the infrastructure level.According to the team, this approach allows for:More precise distribution of load,Isolation of processes between users,Simplified system stability control.From the user’s perspective, the interaction format remains largely unchanged. The MEV bots operate fully automatically – requiring no manual configuration, strategy management, or constant monitoring.The user does not interact directly with the logic of MEV operations. The result is generated at the system level.Mevstake 2.0 will be available in limited capacity. Mevolaxy explains this by stating that the personal model requires dedicated computational resources for each participant. This approach simplifies scaling and reduces technical risks at the early stage.Mevolaxy describes the launch of Mevstake 2.0 not as a new product, but as an evolution of the existing solution. The primary focus is not on changing the terms, but on the internal structure and operating principles of the system.The post Mevstake 2.0: transition to personal MEV bots in Mevolaxy appeared first on CoinJournal.

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Smart Energy Pays enters the US market, targeting scalable digital payments and settlement infrastructure.The launch includes listing the SEP utility token on UZX to support liquidity and ecosystem access.Built on Smart Energy Chain, the platform emphasizes compliance, security, and real-world payment use cases.Smart Energy Pays has announced its expansion into the United States, reinforcing its strategy to build a globally scalable financial infrastructure platform.The platform is operated by Smart Energy Pay Solution Ltd., positioning itself at the intersection of digital finance and real-world applications.North America represents a key market for digital financial infrastructure due to its advanced payments ecosystem and strong institutional demand. Industry forecasts suggest the US fintech market will exceed $330 billion by 2026.The company’s US launch is supported by the listing of the SEP utility token on UZX, a centralized digital asset exchange focused on global accessibility and liquidity. The listing supports efficient settlement and ecosystem access.Underlying the platform is the Smart Energy Chain, an independent Layer-1 blockchain built to process real-world events and transactions at scale. It forms the backbone for all operational processes within the ecosystem.Smart Energy Pays functions as a financial and settlement platform, enabling cross-border payment flows and access to digital financial services. The SEP token is used strictly for technical settlement, fees, and validation processes.Security and compliance measures include ISO 27001 certification, PCI-DSS and SOC-2 standards, KYC and AML procedures, and independent security audits conducted with Hacken.For further information, visit here: Smart Energy Official Website | X | How to Sign Up on Smart Energy PaysThe post Smart energy pays enters the US market, targeting scalable financial infrastructure appeared first on CoinJournal.

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