DEX

DEXs are peer-to-peer marketplaces where users trade cryptocurrencies directly from their wallets via Automated Market Makers (AMM) or on-chain order books. By removing central authorities, DEXs like Uniswap and Raydium prioritize privacy and user sovereignty. The 2026 DEX landscape is dominated by intent-based trading, MEV protection, and cross-chain liquidity aggregation. Follow this tag for the latest in on-chain trading volume, liquidity pools, and the technology behind permissionless swaps.

34687 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Cryptocurrency Detective ZachXBT Warns About Ripple (XRP) Again! “Cardano (ADA) and These Two Altcoins Are the Same!”

Cryptocurrency Detective ZachXBT Warns About Ripple (XRP) Again! “Cardano (ADA) and These Two Altcoins Are the Same!”

The post Cryptocurrency Detective ZachXBT Warns About Ripple (XRP) Again! “Cardano (ADA) and These Two Altcoins Are the Same!” appeared on BitcoinEthereumNews.com. Cryptocurrency detective ZachXBT, who previously warned about Ripple co-founder Chris Larsen’s large amount of XRP, continues his criticism of XRP. At this point, ZachXBT, who shared from the X account, made harsh statements about XRP and announced that he would no longer help the XRP community. Stating that XRP and its community do not add value to the industry, ZachXBT said that XRP holders primarily serve as a liquidity outlet for inside investors. ZachXBT targeted XRP holders for consistently hindering the potential for further price appreciation. ZachXBT, who is seen as the Sherlock Holmes of the cryptocurrency market, made it clear that he does not feel obligated to help them, added that his thoughts for XRP also apply to Cardano (ADA), PulseChain, Hedera (HBAR). “I’m not helping the XRP community right now and will make fun of anyone who DMs me. Ripple investors don’t add any value to the industry. They simply provide exit liquidity to insiders. Therefore, XRP and its community are not worth supporting. The same goes for altcoins like Cardano, PulseChain, Hedera.” Ripple holders provide nothing of value to the industry except exit liquidity for insiders thus are not worth supporting (Likewise with Cardano, Pulsechain, Hedera, etc) — ZachXBT (@zachxbt) August 28, 2025 *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/cryptocurrency-detective-zachxbt-warns-about-ripple-xrp-again-cardano-ada-and-these-two-altcoins-are-the-same/

Author: BitcoinEthereumNews
Bitcoin’s 30% Volatility Implies a Fair Value of $126,000

Bitcoin’s 30% Volatility Implies a Fair Value of $126,000

The post Bitcoin’s 30% Volatility Implies a Fair Value of $126,000 appeared on BitcoinEthereumNews.com. JPMorgan says Bitcoin is undervalued by $16,000 compared to gold on a risk-adjusted basis The bank’s report notes that Bitcoin’s six-month volatility has hit a record low of just 30% On a volatility-adjusted basis, JPMorgan calculates a fair value for Bitcoin of around $126,000 A sharp decline in Bitcoin’s volatility is fundamentally reshaping its investment case, with JPMorgan analysts now arguing the cryptocurrency is significantly undervalued compared to gold. The bank’s latest research reveals Bitcoin’s six-month realized volatility has been cut in half, plunging from 60% earlier this year to a record low of just 30%.  This historic compression means Bitcoin now trades at only twice the volatility of gold, the narrowest gap ever recorded. The shift signals that the digital asset may require far less risk capital than in the past, strengthening its appeal for institutional portfolios.  First they argue, then they complain now they fully onboard : @jpmorgan recent report, dated August 28, 2025, states that #Bitcoin is undervalued compared to gold, with its six-month rolling volatility dropping from 60% to a record low of 30%. Their volatility-adjusted models… — MartyParty (@martypartymusic) August 28, 2025 What Is JPMorgan’s “Fair Value” for Bitcoin? The comparison to gold is central to JPMorgan’s argument. On a volatility-adjusted basis, the analysts estimate Bitcoin’s market cap would need to climb by 13% to match the $5 trillion invested in private gold holdings.  This calculation implies a fair value for Bitcoin of around $126,000 per coin, compared to its current price near $112,500. This is a key factor in the current Bitcoin (BTC) price prediction. Based on this model, JPMorgan calculates Bitcoin is currently undervalued by about $16,000. As Bitcoin behaves more like a mature financial asset, it becomes a more compelling option for long-term portfolio strategies, especially as the BTC price remains stuck…

Author: BitcoinEthereumNews
The three major U.S. stock indices closed higher, with Circle (CRCL) rising 2.78%.

The three major U.S. stock indices closed higher, with Circle (CRCL) rising 2.78%.

PANews reported on August 29 that according to Cailian Press, U.S. stocks opened higher and closed higher, with the three major indexes collectively closing higher. The Nasdaq rose 0.53%, the S&P 500 rose 0.32%, and the Dow Jones Industrial Average rose 0.16%. Among them, the Dow Jones Industrial Average and the S&P 500 both hit new closing highs. Most large technology stocks rose, with Google rising more than 2% and Amazon rising more than 1%. Circle (CRCL) rose 2.78%, Galaxy Digital (GLXY) rose 0.41%, and Coinbase (COIN) fell 0.16%.

Author: PANews
Hyperliquid's XPL short squeeze reveals the structural risks of pre-market trading

Hyperliquid's XPL short squeeze reveals the structural risks of pre-market trading

How whales exploited the right timing, location, and people in $XPL's pre-market trading on Hyperliquid to profit from it—that is, early holders hedged their positions by shorting, thus forming a "crowded trade" that was ultimately detonated by an "ignition strategy"—is not a random market fluctuation, but a systemic risk stemming from the structural flaws of the pre-market market. The story begins with Aunt AI ’s tweet: original: https://x.com/ai_9684xtpa/status/1960506447965642864 This article doesn't examine the context of the XPL incident, but rather discusses some structural and systemic risks in the pre-market trading market. While every model has its advantages and disadvantages, this isn't about right or wrong; this article aims to highlight these risks and their underlying causes. Section 1: A New Paradigm: Pre-Market Trading Pre-market trading (more accurately, "pre-launch trading") essentially creates a synthetic market for a token that hasn't yet been issued or publicly circulated. This isn't a reaction to information about existing assets, but rather a pure price discovery process for future assets. The underlying asset isn't the token itself, but rather a futures contract, which can be spot, over-the-counter, or perpetual. This shift in mechanisms fundamentally alters the nature of risk. While the primary risks of traditional pre-market trading are insufficient liquidity and increased volatility, the existence and fundamental value of the asset remain unquestioned. However, the cryptocurrency pre-market introduces new risk dimensions: first, settlement or conversion risk. This involves the possibility that the project may never issue its tokens, preventing the market from converting to a standard spot or perpetual contract market and ultimately leading to suspension or delisting. Secondly, there's the risk of price anchoring. Without an external spot market to serve as a price reference, market prices are entirely determined by buying and selling activity within the platform, forming a self-referential closed loop that makes the market more susceptible to manipulation. Therefore, the innovation of pre-market cryptocurrency trading lies in creating a market out of thin air, but at the cost of creating a structurally more fragile trading environment with a more diverse range of risks. It’s not that everyone is unaware of this risk, but exchanges can obtain traffic, market makers can achieve “price discovery” in advance, and project parties/early investors can “hedge risks” - under the premise of multiple parties making profits, everyone acquiesces to this arrangement (risk). Section 2: DEX hedging is like walking on a tightrope with a double-edged sword 2.1 Rational Hedgers: Why Early Holders Short Pre-Market Futures to Lock in Value Before a new token's TGE (Tentative General Equity), early holders (including private investors, team members, and airdrop recipients) face a common dilemma: they hold tokens or token claims that are not yet circulated and tradable, exposing the future value of these assets to significant market uncertainty. Once the token goes public, its price could be far lower than expected, significantly reducing their paper wealth. The pre-market futures market offers a near-perfect solution to this dilemma. By shorting an equivalent amount of perpetual swaps in the pre-market, holders can lock in the future selling price of their tokens in advance. For example, if a user expects to receive 10,000 airdrop tokens and the futures price of the token is $3 in the pre-market, they can hedge their risk by shorting 10,000 contracts. Regardless of the spot price at the time of the TGE, their total profit will be locked in at approximately $30,000 (ignoring transaction costs and basis). This operation essentially creates a delta-neutral position: the risk of the long spot position (holding the pending airdrop) is offset by the short futures position (shorting the perpetual swap). For any rational risk-averse person, this is a standard and sensible financial strategy. 2.2 The formation of a crowded trade: when collective hedging creates concentrated vulnerability When a large number of market participants trade at the same time, using the same strategy and based on similar logic, "crowded trade" arises. This risk stems not from asset fundamentals (exogenous risk) but from the high correlation between market participants' behavior, making it an endogenous risk. If you have watched the ALPACA episode before, you will know that this operation is a "market consensus" - where there is market consensus, there is direction; where there is direction, there are opportunities; where there are opportunities, there is speculation. This crowding phenomenon is structural and predictable in the pre-market. The nature of airdrops and early token distributions creates a large, homogeneous group (i.e., token recipients) who, at the same point in time (pre-TGE), face the same exact risk exposure and have the same anticipatory motivation (shorting). Meanwhile, the group of speculators willing to take the risk and buy these futures contracts is relatively small and dispersed. This natural imbalance between long and short positions inevitably leads to extreme market crowding on the short side, creating a classic case of a crowded short. The greatest danger of a crowded trade lies in its fragility. With the vast majority of investors on the same side of the boat, once a catalyst forces them to close their positions (such as an adverse price movement), there will be a shortage of counterparties in the market to absorb these closing orders. This triggers a stampede-like "escape from the exits," leading to extreme, drastic, one-way price movements. For crowded short positions, this stampede manifests as a devastating short squeeze. This hedging tool, originally intended for risk management, has, through its collective use, instead created a new and greater source of systemic risk. 2.3 Identifying Imbalances: Detecting Crowding Through Data Analysis While an individual trader cannot know exactly how many people hold the same position as him or her, by analyzing publicly available market data, it is possible to effectively identify signs of crowded trading. Open Interest (OI) Analysis : OI is a key indicator measuring the total number of open derivatives contracts in the market, reflecting the amount of capital flowing into the market and market participation. In the pre-market, if OI rises continuously and rapidly while prices stagnate or even decline slightly, it is a strong signal that a large amount of capital is pouring into short positions, forming a bearish consensus and a short crowd is forming. On-chain data analysis : Although the tokens are not yet in circulation, analysts can track airdrop-related activity using blockchain explorers. By analyzing the number of wallets eligible for the airdrop, the concentration of token distribution, and the historical behavior of these wallets, it is possible to roughly estimate the total amount of "spot" positions that may require hedging. A large and dispersed airdrop often indicates stronger hedging demand and higher congestion risk. Funding Rates and Spreads : On platforms with funding rates like Hyperliquid, persistently negative and deepening funding rates are direct evidence of short-term dominance. On platforms like Aevo, while lacking funding rates, widening bid-ask spreads and order book depth on the sell side significantly exceeding the buy side can also indicate unilateral selling pressure. This series of analyses reveals a profound phenomenon: "crowded hedging" in the pre-market isn't an accident of market failure, but rather an inevitable product of systemic design. The airdrop mechanism creates a large, aligned group of traders, and the pre-market provides them with a perfect hedging tool. Individually rational behavior (hedging risk) converges into a collectively irrational state (an extremely vulnerable, crowded position). This vulnerability is predictable, systematically concentrating a large number of risk-averse traders, creating a perfect prey pool for predators who understand and are able to exploit this structural flaw. A short squeeze/long squeeze does not require a reason, a narrative, or a purpose. Instead, when funds reach a certain level, they will attract whales and gambling — the contract version of a crime of holding a treasure. Section 3: Ignition Moment: Exploiting Crowded Transactions and Triggering Chain Liquidations 3.1 Momentum Ignition: A Mechanism of Predatory Trading Strategies Momentum ignition is a complex market manipulation strategy typically executed by high-frequency traders or large trading funds. Its core objective is not based on fundamental analysis, but rather on creating artificial unilateral price momentum through a series of rapid, aggressive trades. The goal is to trigger pre-set stop-loss orders or forced liquidation levels in the market, and then profit from the resulting chain reaction. The execution of this strategy usually follows a precise "attack sequence": Probing and preparation: The attacker will first test the market's liquidity depth by submitting a series of small, rapid orders to create the illusion of growing demand. Aggressive order placement: After confirming that the market depth is insufficient, the attacker will flood the order book with a large number of market buy orders in a very short period of time. The goal of this stage is to quickly and violently drive up the price. Triggering a chain reaction: The sharp rise in price hits the forced liquidation price for a large number of crowded short positions. Once the first liquidation is triggered, the exchange’s risk engine automatically executes a market buy order to close the short position, further pushing up the price. Profit-taking: The initial attackers had already built up a large number of long positions in phases 1 and 2. When the cascading liquidations began and a large amount of passive buying flooded the market, the attackers began to reverse course, selling their long positions to these forced liquidation buyers, thereby realizing profits at the inflated prices they had created. 3.2 Perfect Prey: How Illiquidity and Short Crowd Create an Ideal Attack Environment The pre-market provides a near-perfect breeding ground for implementing a momentum ignition strategy. Extremely Low Liquidity: As mentioned previously, the pre-market market is extremely illiquid. This means attackers can significantly impact prices with relatively little capital. Manipulation that would be costly in liquid, mature markets becomes inexpensive and efficient in the pre-market. Predictable Liquidation Clusters: Because a large number of hedgers use similar entry prices and leverage, their forced liquidation prices are densely distributed within a narrow range above the market price. This creates a clear and predictable "liquidation cluster." Attackers know that they only need to push the price up to this area to trigger a chain reaction. This is consistent with the "stop-loss hunting" behavior in traditional markets, where attackers specifically target known areas with concentrated stop-loss orders. (via liquidation map) One-sided market structure: Crowded shorts mean that during price increases, there is little natural buying power to absorb attacker selling pressure. Prices can rise effortlessly until they hit the "wall" of liquidation clusters. Once there, passive liquidation buying becomes the "fuel" that drives prices further up. 3.3 Disintegration: From Targeted Elimination to Comprehensive Chain Liquidation The whole process was a carefully planned, staged disintegration. Short Squeeze: The initial price surge triggered by the momentum ignition strategy triggers the liquidation of the first batch of the most leveraged and vulnerable short positions. The buying generated by these forced liquidations further pushes prices higher, forming a classic short squeeze. Cascading liquidations: Prices, driven high by the first round of short squeezes, now reach the liquidation levels for the second and third tranches of short positions. This creates a vicious positive feedback loop: liquidations lead to higher prices, which in turn trigger more liquidations. The market spirals out of control, with prices rising vertically in a very short period of time, forming the long upper shadow candlesticks commonly seen on charts, known as "liar candlesticks." The ultimate outcome: For early holders seeking to hedge, the outcome is a "margin call"—margin depleted, hedged positions forced to close, and significant financial losses. Not only do they lose the "insurance" they established to protect the spot value, but they also pay a heavy price for it. When the cascading liquidation exhausts all available short positions and the attackers complete their profit-taking, the price often quickly falls back to its initial level, leaving a devastating mess in their wake. From a deeper analysis, the momentum ignition strategy in the pre-market market has gone beyond the scope of simple market manipulation, or it is not market manipulation at all, but more like a game between funds. It's a form of structural arbitrage based on flaws in market microstructure. Attackers exploit publicly available information (airdrop size), platform design (leverage mechanisms), and predictable group behavior (collective hedging). By calculating the cost of the attack (the funds required to drive up prices in a low-liquidity market) and the potential reward (profits after triggering a liquidation cluster), they execute a near-deterministic game. Their profits come not from accurate judgments about asset value, but from the precise exploitation and amplification of market failures. Know the fact and why it is so May we always maintain a sense of awe for the market.

Author: PANews
PYTH Surges 50% to $0.1867 After US Government Partnership

PYTH Surges 50% to $0.1867 After US Government Partnership

The post PYTH Surges 50% to $0.1867 After US Government Partnership appeared on BitcoinEthereumNews.com. Pyth will initially publish quarterly GDP figures going back five years, with plans to expand into other macroeconomic datasets The news sparked a rapid market response with Pyth’s native token, PYTH, surging approximately 50% in intraday trading The Department of Commerce also partnered with Chainlink to publish multiple macroeconomic indicators, such as GDP, the PCE Price Index, and Real Final Sales Pyth Network has been chosen by the US Department of Commerce (through Secretary Howard Lutnick) to verify and distribute official economic data on-chain. This is a huge step for the crypto industry, showing that the government is now using decentralized technology. Pyth will initially publish quarterly GDP figures going back five years, with plans to expand into other macroeconomic datasets, ushering in a new era of transparent, blockchain-native data. Why Did the US Government Choose Pyth? Already integrated across over 100 blockchains and supporting more than 600 applications, Pyth is positioned as a trusted, decentralized oracle network capable of handling cryptographically verifiable data. Its transparent data model and staking-based security further strengthen its credibility. As expected, the news sparked a rapid market response with Pyth’s native token, PYTH, surging approximately 50% in intraday trading. Its current price is $0.1867. In Q1 2025, Pyth recorded $149.1 billion in Total Transaction Value (TTV), which is a 14.9% drop from Q4’s $175.2 billion. However, the numbers still show a staggering 376.6% increase year-over-year.  Pyth’s market share stayed strong at 32.5%, ahead of Chainlink’s 20.3% despite overall market slowdown. Today’s announcement will likely put Pyth even more in the spotlight and possibly help with a bigger boost in the long term. Chainlink also involved Along with Pyth’s involvement, the Department of Commerce also partnered with Chainlink to publish multiple macroeconomic indicators, such as GDP, the PCE Price Index, and Real Final Sales on…

Author: BitcoinEthereumNews
Shiba Inu vs Pepe Dollar: SHIB Holders Dive into Top Crypto Presale Pepe Dollar for Instant Profits on Shiba Inu Holdings

Shiba Inu vs Pepe Dollar: SHIB Holders Dive into Top Crypto Presale Pepe Dollar for Instant Profits on Shiba Inu Holdings

The post Shiba Inu vs Pepe Dollar: SHIB Holders Dive into Top Crypto Presale Pepe Dollar for Instant Profits on Shiba Inu Holdings appeared on BitcoinEthereumNews.com. The crypto market is constantly evolving, and investors often look beyond established names to find the best crypto presale to buy right now. Shiba Inu remains a recognizable meme coin, but its growth has slowed, leaving many holders searching for stronger opportunities. Pepe Dollar has entered the spotlight as a new crypto token presale, gaining traction across multiple crypto presale lists. Built around internet culture and decentralized design, it has become a focal point for those seeking presale crypto tokens that offer a mix of narrative and infrastructure. This transition highlights how the market now values token presales with clearer structures, practical use cases, and cultural relevance. For Shiba Inu holders, the appeal lies in diversifying toward new crypto presales that deliver more than just hype. Pepe Dollar – A Crypto Presale with Layer-2 Payment Utility Pepe Dollar ($PEPD) is described as a decentralized antidote to fiat inefficiencies. Designed as a Layer-2 payment system for the meme economy, it transforms satire into coded infrastructure. This approach merges humor with financial design, giving PEPD a place among top crypto presales. As a presale cryptocurrency project, Pepe Dollar functions as both cultural commentary and a technical platform. It positions itself as a response to value dilution in traditional money, wrapping financial critique in a tokenized system. By using internet culture as fuel, PEPD builds a foundation that resonates across crypto presale projects. Currently in Stage 2, Pepe Dollar ($PEPD) is priced at $0.006495 with a launch price set at $0.03695. With over 349 million tokens sold and $1.76 million raised out of a $3.64 million target, it has achieved 62% progress.  These figures place it on several crypto presale lists, making it one of the most active token presales in circulation. Shiba Inu – Struggling to Reclaim Momentum Shiba Inu (SHIB) trades…

Author: BitcoinEthereumNews
$USDC in Global Payments Soon as Circle and Mastercard Partner: $BEST Soars

$USDC in Global Payments Soon as Circle and Mastercard Partner: $BEST Soars

The post $USDC in Global Payments Soon as Circle and Mastercard Partner: $BEST Soars appeared on BitcoinEthereumNews.com. Circle, the creator of USD Coin ($USDC), is making a bold move to integrate stablecoins into the traditional finance system. The company announced partnerships with two major players: Finastra and Mastercard. The collaborations signal the dawn of an era where crypto is used to solve real-world problems in payments and settlements. These two worlds – traditional finance and cryptocurrency – are finally coming together, and these partnerships show that digital currencies, like Best Wallet Token ($BEST), are no longer a fringe asset. Finastra, a top financial software provider, is integrating $USDC into its Global PAYplus (GPP) platform, which is used by over 8K banks and handles over $5T in daily cross-border payments. This integration will enable financial institutions to settle transactions with $USDC, providing a faster and more cost-effective alternative to traditional correspondent banking networks, which are often slow and expensive. It’s a significant move as it enables banks to leverage the speed and efficiency of blockchain-based settlement without having to overhaul their existing systems. This makes stablecoins a more practical option for mainstream finance. In a parallel development, Circle has expanded its partnership with Mastercard. This deal will enable merchants and payment acquirers in Europe, the Middle East, and Africa to settle transactions using $USDC and Euro Coin ($EURC) on Mastercard’s network. This is the first time Mastercard has offered this type of settlement service in the region, and it marks a major step toward streamlining payments and improving liquidity for businesses operating across borders. Together, these partnerships are positioning $USDC as a key infrastructure layer for global payments. Circle’s Global Ambition: Embedding $USDC in Mainstream Finance These partnerships are just one part of Circle’s broader strategy to integrate $USDC into the world’s financial systems. The company is actively focusing on regulatory clarity in key international markets to drive…

Author: BitcoinEthereumNews
$KENDU – The Everything Coin

$KENDU – The Everything Coin

The post $KENDU – The Everything Coin appeared on BitcoinEthereumNews.com. In a saturated market, where interaction from a celebrity or a cute, viral animal prompts 50+ derivative “projects,” it can be difficult to stand out. KENDU does not rely on a fleeting narrative. It does not promise cutting-edge tech. It does not rely on paying influencers and Key Opinion Leaders (or “KOLs”) to artificially create hype. Over the last 16 months, the community has carved its own path, expanding its reach in all directions. This is the first “Brand Coin” with a passionate community of autonomous marketers. The “Permissionless Brand” Concept Most businesses strictly guard their brands from unauthorized use, often threatening and pursuing legal action. KENDU takes the opposite approach. The name, logo and concept are original Intellectual Property and free for anyone to use, remix and share. This philosophy does two powerful things: 1. Invites and encourages creativity. Instead of the brand being shaped by a few individuals in boardrooms, thousands with diverse backgrounds, geography, talents and ideas can contribute and take the brand in any direction they please. 2. Transforms supporters into marketers. Community members building under the KENDU umbrella not only instantly tap into their first several hundred users, product testers and buyers, but also into an autonomous marketing machine.  No approvals. No licensing red tape. Whether you want to design a hoodie, paint a mural, or simply create a viral meme—you KENDU it.  The Power of Community & Decentralization Since its launch in March 2024, the KENDU community has had several key chances to demonstrate their strength. It was the second-ever memecoin to garner over 50,000 votes on the popular and reputable security platform, CertiK Skynet, earning free KYC and a full project audit. This audit was completed in February of 2025—analyzing not only the coin’s contract security, and tokenomics, but also its social impact, community sentiment and decentralization.  Due to the project’s…

Author: BitcoinEthereumNews
Cheap Below $0.003, This Meme Coin Could be the Next 20,000% Runner After Pepe Coin (PEPE)

Cheap Below $0.003, This Meme Coin Could be the Next 20,000% Runner After Pepe Coin (PEPE)

From Dogecoin’s early dominance to Shiba Inu’s community-driven surge and Pepe’s explosive run, history shows that meme tokens can deliver life-changing returns in a short span. Attention is shifting toward a new contender trading under $0.003; Little Pepe (LILPEPE). With its nearly sold-out presale, unique Layer 2 design, and rapid rise in community interest, LILPEPE […]

Author: Cryptopolitan
US Government Chooses Chainlink and Pyth to Publish Onchain Economic Data

US Government Chooses Chainlink and Pyth to Publish Onchain Economic Data

The US Government has begun publishing official economic data onchain. It selected Chainlink to provide secure feeds from the Bureau of Economic Analysis (BEA). A Chainlink spokesperson confirmed that the feeds would include real GDP, personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers. Chainlink said more feeds may be […] The post US Government Chooses Chainlink and Pyth to Publish Onchain Economic Data appeared first on CoinChapter.

Author: Coinstats