Cryptonews

What triggered this insane spike, you ask? Well, it’s all about a fancy little thing called token migration. APX recently swapped itself for the shiny new ASTER token in a move so smooth it might as well have been choreographed. This is part of a grand merger that led to the birth of Aster Finance, which has plans to redefine futures trading. And who’s backing this migration? None other than Binance, the heavyweight of crypto exchanges. It’s scheduled to wrap up by October 1, 2025, so mark your calendars, folks.

Why the fuss? Oh, just a cool $90.3 billion in digital assets under their watch as of June 30, 2025. That’s right, they’re basically the Fort Knox of crypto, serving 4,600 businesses and 1.1 million users across 100 countries. 🌍💎

Short-term: $21.87 and $25.81-price gates guarded by mythical beasts. Long-term: $31, $38, $47-dragons breathing fire if you dare approach.

Pudgy Penguins PENGU, now trading at $0.035 after a 7% dip, is akin to a laborer stumbling but continuing the march. The broader chart still shows a steady climb from late August, yet the pullback comes after price tested higher resistance, as if the market is catching its breath before the next charge. Volume remains robust at over $315M, a testament to the fervor surrounding PENGU, despite short-term profit-taking. 📈

Let’s break it down. NVM Ratio slipped to 2.3 (a slight dip, but not a disaster), Exchange Reserves took a hit, and the Long/Short Ratio is 1.20. Translation? There’s some solid confidence towards $123K, maybe even $130K. Who would’ve thought September would be this bullish?

Turns out, their Bitcoin and Ethereum ETFs are the belle of the ball, dominating the market like I dominate a buffet. 🥂 Now they’re sitting pretty with one of their most profitable ventures. Who needs traditional finance when you can just ride the crypto wave? 🌊

August and September witnessed successive all-time highs, no doubt fueled by the latest wave of computing power, freshly deployed like overenthusiastic guests at a garden party. Truly, the blockchain is a place where everyone wants to host, but few want to clean up.

Now, on the 1-hour chart, XRP’s been actin’ like a mule on a bad day-weak downtrend turnin’ into a sideways shuffle. It dropped from $3.08 to a low of $2.976 before decidin’ it’d rather just stand still. Small-bodied candles? Why, that’s the market sayin’, “I ain’t sure, partner.” 🤔📉

According to the latest gossip (read: reports), the fund is managed by AgioFunds TFI SA, a name that sounds like it belongs to a group of penguins in pinstripes. Their trick? They trade BTC futures on the CME, because nothing says “financial innovation” like trading contracts based on contracts. 🏛️

ETH has been kicking it above $4,000 for over a week now, and the bullish crowd is loving it! 🐂 Coinglass’ latest (and quite dramatic) ETH exchange liquidation map could win an Emmy! It shows lots of long positions hanging out between $3,945 and $4,200, nervously tapping their toes. If Ethereum dares to dip into this area, it might just trigger a liquidation party where everyone’s invited-but you bring the snacks! More sell orders could pour in than a family Thanksgiving dinner gone wrong!