Latest news with #NEAR
Yahoo
2 days ago
- Business
- Yahoo
NEAR Protocol Plunges 4% Before Staging Recovery Amid Market Volatility
The cryptocurrency market turned green over the past 24 hours from 24 June 15:00 to 25 June 14:00, with the global market cap increasing by 2.2% to $3.37 trillion. NEAR Protocol showed resilience during this period despite experiencing sharp price swings, establishing support at $2.14-$2.16 with high-volume buying emerging at critical points. In a significant development for NEAR's economic model, a proposal has been put forward to cut the protocol's inflation rate from 5% to 2.5%. This strategic move aims to enhance long-term blockchain sustainability, potentially boost token value, and better align ecosystem incentives. The proposal is currently subject to validator voting through the end of July 2025, demonstrating NEAR's commitment to decentralized governance. Technical Analysis NEAR-USD exhibited significant volatility during the 24-hour period from 24 June 15:00 to 25 June 14:00, with an overall range of $0.088 (4.0%). A sharp decline to $2.141 at 09:00 before recovering formed a key support zone around $2.14-$2.16. High-volume buying emerged at the 08:00-09:00 candles (volumes of 2.99M and 2.53M respectively, well above the 24-hour average). Resistance established near $2.22-$2.23 throughout the trading session. The 13:00 candle showed renewed bullish momentum with above-average volume (2.80M), suggesting potential continuation of the recovery trend. During the last 60 minutes from 25 June 13:06 to 14:05, NEAR-USD exhibited a bullish surge followed by a sharp correction. The price rallied from $2.17 to peak at $2.19 around 13:48-13:49, gaining approximately 1.2%. Notable volume spikes occurred during the uptrend (131,699 at 13:44) and during the correction (130,287 at 13:51). The price action formed a clear channel pattern with higher lows until the correction, suggesting continued consolidation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Chainlink (LINK) Gains 8.4%, Leading Index Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2967.37, up 4.0% (+114.4) since 4 p.m. ET on Monday. All 20 assets are trading higher. Leaders: LINK (+8.4%) and NEAR (+8.2%).Laggards: LTC (+1.6%) and BCH (+2.0%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
5 days ago
- Business
- Yahoo
NEAR Protocol Surges 7% After Volatility Test, Establishes Key Support
The cryptocurrency market continues to reflect broader economic uncertainties as NEAR Protocol demonstrates resilience amid significant volatility. After experiencing a sharp decline to $1.79, NEAR has established support at $1.83 with substantial buying interest, particularly during high-volume trading periods. The token's recovery momentum has formed a clear uptrend channel with higher lows, suggesting renewed buyer confidence despite ongoing market pressures. Technical Analysis Highlights NEAR-USD experienced a 7.4% trading range (1.79-1.94) over 24 hours, with sharp decline to 1.79 during hour 20 followed by strong recovery. Key support established at 1.83 with high-volume buying interest, particularly during 13th and 20th hours where volume exceeded 10M units. Price tested 1.94 resistance level during hour 7, then consolidated between 1.90-1.92, suggesting accumulation phase. Clear uptrend channel formed with higher lows at 1.899, 1.904, and 1.906, confirming buyer interest following earlier volatility. Volume peaked during 11:38 period with nearly 30M units traded as price tested 1.908 resistance level. Brief pullback to 1.896 around 11:23 was quickly reversed, suggesting 1.90 has become significant support zone. Hourly close at 1.906 indicates consolidation near upper range, positioning NEAR for potential continuation of recovery. Sign in to access your portfolio
Business Insider
19-06-2025
- Business
- Business Insider
Zodia Custody Expands Institutional Staking with Everstake as Validator Partner Across Multiple PoS Networks
Miami, FL, June 19th, 2025, Chainwire Everstake, a leading global non-custodial staking provider serving institutional and retail clients, has partnered with Zodia Custody, a leading institutional digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank. Through this collaboration, Everstake will support institutional staking for Zodia Custody clients by providing validator infrastructure across multiple Proof-of-Stake (PoS) networks. To align with institutional expectations, Zodia is introducing staking with Everstake. The first tranche brought support for Polkadot (DOT), Cardano (ADA), and Solana (SOL), with Everstake serving as a trusted validator partner across these networks. In the second tranche, the infrastructure will also extend to Ethereum (ETH), NEAR Protocol (NEAR), and Babylon (BABY), with support scheduled to go live in the coming months—further expanding staking capabilities for Zodia clients. Staking is playing an increasingly prominent role in institutional digital asset strategies, but slashing risk, compliance, and infrastructure reliability remain key barriers. This partnership addresses those challenges by combining Zodia's secure, institutional-backed custody platform with Everstake's institutional-grade validator infrastructure, offering 99.9% uptime and full compliance with ISO/IEC 27001:2022, SOC 2 Type 2, and GDPR. Together, they provide a natural solution for institutions seeking secure, compliant staking at scale. By integrating directly into Zodia's custody platform, Everstake enables staking without requiring clients to compromise custody. Assets are staked through Zodia's internal API infrastructure and routed to Everstake's whitelisted nodes. Everstake never accesses customer keys or assets; all operations remain auditable, transparent, and aligned with institutional governance. 'Institutions are looking for ways to put their digital assets to work without compromising on security or compliance,' said Julian Sawyer, CEO of Zodia Custody. 'By partnering with Everstake, we're enabling clients to stake assets like SOL and NEAR directly from custody while maintaining full oversight, control, and governance over the process.' 'We believe staking will underpin the next wave of institutional adoption in digital assets,' said Bohdan Opryshko, co-founder and COO of Everstake. 'Our partnership with Zodia reflects the growing demand for compliant staking infrastructure built to institutional standards. We're proud to support this new tranche of their program and help deliver institutional-grade staking to their clients.' About Zodia Custody Zodia Custody is an institution-first digital assets platform backed by Standard Chartered Bank, SBI Group, Northern Trust and National Australia Bank. Offering a seamless combination of custody, treasury and settlement solutions, Zodia Custody enables institutional investors worldwide to embrace the digital asset future with confidence, security and efficiency. Everstake is a leading global non-custodial staking provider serving institutional and retail clients and enabling secure access to over 85 Proof-of-Stake networks. Founded in 2018 by blockchain engineers, the company supports more than 735,000 delegators, $6.5 billion in staked assets, and 40,000+ active validators — delivering institutional-grade infrastructure with 99.9% uptime and zero material slashing events since inception. Trusted by asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type 2 and ISO 27001:2022 certifications, GDPR compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance. Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake's provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets. PR Manager
Yahoo
17-06-2025
- Business
- Yahoo
NEAR Plunges 8% as Middle East Tensions Rattle Crypto Markets
Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant downside for a number of altcoins. Despite NEAR Protocol's impressive milestone of reaching 46 million monthly users, the token has struggled to maintain price stability in the current geopolitical climate. It currently trades at $2.11 after falling from a high of falling from $2.38. Technical Analysis NEAR experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline. A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level. Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average. Price action formed a descending channel with resistance at $2.29 and support at $2.19. Recent consolidation has occurred near the lower boundary of the channel. • High-volume selling pressure suggests further downside risk. Modest recovery from $2.189 indicates potential stabilization if buyers defend current support. In the last hour, NEAR showed significant volatility, rising from $2.200 to $2.218 before correcting to $2.199. A clear bullish channel formed between 13:05-13:35, gaining 8.5% with notable volume spikes. Strong rejection at the $2.218 resistance level led to a rapid sell-off between 13:41-13:44. Sell-off volume exceeded 100,000 units, confirming the bearish reversal. New support established at $2.198, aligning with the lower boundary of the descending channel. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
