Crypto Update Archives - Coin Engineer

Major Move for UNI Token: Uniswap Fee Switch Set to Go Live

Yeliz Akmaca — Mon, 22 Dec 2025 08:00:09 +0000

Uniswap is preparing a major protocol update this week after its “UNIfication” fee switch proposal surpassed the 40 million vote threshold. Voting ends on December 25, and if successful, significant changes to UNI token supply are expected.

UNIfication Protocol Update

Uniswap will activate its new fee switch system on both v2 and v3, triggering token burns. The Uniswap Foundation will burn 100 million UNI tokens under the proposal. Additionally, the protocol will launch a Protocol Fee Discount Auctions system to increase liquidity provider returns.

Uniswap Labs CEO Hayden Adams commented on the vote:

“We have submitted the Unification proposal for final governance vote. Voting starts on 12/19 at 10:30pm EST and ends on 12/25. If it passes, after a 2-day timelock period, 100 million UNI will be burned and v2 + v3 fee switches will go live on mainnet.”

UNI Token Supply and Demand Dynamics

The UNIfication update is expected to strengthen UNI token supply-demand dynamics, making it more attractive to hold long-term. Since the start of voting, UNI has gained around 25%, trading at $6.08. When the proposal was first announced in November, UNI surged from $7 to $9.70.

Community Support and Key Votes

The UNIfication proposal has received backing from major crypto figures, including Jesse Waldren, founder of Variant; Kain Warwick, founder of Infinex and Synthetix; and former Uniswap Labs engineer Ian Lapham. So far, only 741 votes have opposed the proposal, while 1.5 million votes abstained.

Development and Growth Plans

The Uniswap Foundation confirmed that protocol development support will continue alongside UNIfication. A new Growth Budget is planned, with 20 million UNI tokens allocated to developers and projects.

Why It Matters

This fee switch and token burn mechanism mark one of the biggest protocol upgrades in Uniswap’s seven-year history, potentially increasing UNI’s long-term value and liquidity.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Binance Renames Omni Network (OMNI) Tokens to Nomina (NOM)

Yeliz Akmaca — Wed, 10 Sep 2025 07:00:49 +0000

Binance is renaming Omni Network (OMNI) tokens to Nomina (NOM). This process allows users to swap their OMNI tokens for NOM. Binance has prepared all necessary technical steps to ensure a smooth transition. The process will start in early October 2025 (UTC).

NOM Token Swap Process and Dates

OMNI tokens will be swapped at a ratio of 1 OMNI = 75 NOM. This will result in a total NOM supply of 7.5 billion, with a circulating supply of 2.9 billion NOM. Deposits and withdrawals of OMNI tokens will be suspended on 29 September 2025 at 03:00 UTC. Simultaneously, all OMNI spot trading pairs will be removed, and all open orders will be canceled.

Deposits of Nomina (NOM) tokens will open on 1 October 2025 at 07:00 UTC, and NOM/TRY, NOM/USDT, and NOM/USDC trading pairs will be available on the same day. This process ensures users can safely convert OMNI balances to NOM tokens while planning their positions in advance.

Recommendations and Transaction Details for Users

Users should check their OMNI balances before the conversion date. Spot copy trading portfolios should be updated by 26 September 2025 at 03:00 UTC. For futures and margin trading, opening new positions will be suspended on 22 September 2025 at 05:30 UTC, and existing positions will be automatically closed on 22 September 2025 at 06:00 UTC. OMNI tokens will be removed from Cross and Isolated Margin trading at 22 September 2025 at 07:00 UTC.

Simple Earn products for OMNI will end on 26 September 2025 at 03:00 UTC, and balances will be automatically transferred to the Spot account. This ensures investors receive NOM tokens without issues during the swap. The rebranding will also enhance Omni Network’s interaction within the DeFi ecosystem.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Cardano (ADA) Founder Denies All Midnight Airdrop Claims!

Yeliz Akmaca — Thu, 21 Aug 2025 10:30:43 +0000

Cardano founder Charles Hoskinson rejected all insider hoarding rumors regarding the Midnight (NIGHT) token airdrop. NIGHT claims exceeded 1.3 billion just weeks after launch. Hoskinson stated the process is running smoothly and the airdrop is performing well. Meanwhile, Glacier Drop data shows over 69,000 wallets claimed NIGHT tokens as of August 19. This represents 5.5% of the total supply. Analysts noted the pace may appear slow compared to other projects, but the 60-day claim period ensures fair distribution. This approach may trigger a surge in claims toward the end of the period.

Earlier, memes circulated suggesting Hoskinson would retain most tokens. He quickly addressed the rumors on social media, sharing evidence of high participation. Within the first 24 hours, the airdrop received over 250 million NIGHT claims. Hoskinson highlighted this milestone to reassure the community and counter skepticism.

https://twitter.com/memedonADA/status/1957804269354062152

Midnight Expands Institutional Strategy

Despite speculation, Midnight is growing its ecosystem through strategic partnerships. The Midnight Foundation announced collaboration with Fireblocks, enabling institutional clients to safely claim and manage NIGHT tokens. Fireblocks confirmed supporting Glacier Drop aligns with its goal of secure blockchain participation. The company also expressed confidence in Midnight’s privacy-focused vision.

Midnight launched NIGHT as a Cardano Native Asset, strengthening ties to the Cardano ecosystem. XRP holders will receive 5% of NIGHT’s total supply, equal to 1.2 billion tokens. ADA holders will receive 50% of the total supply. The remaining tokens will be distributed among users on other chains and Bitcoin holders. This ensures transparent and fair token allocation.

Hoskinson’s denial of hoarding rumors reinforces trust within the community. Data confirms strong demand and a smooth rollout. Strategic partnerships and transparent distribution further support Midnight’s long-term growth and adoption.

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Bitcoin Hits New High, But Is the Danger Over?

Yigit Taha OZTURK — Thu, 10 Jul 2025 08:30:59 +0000

The long-awaited breakout in the crypto markets finally arrived, shaking the calm that had settled in recent weeks. All eyes had been on Bitcoin, and as predicted, BTC delivered a sharp move—this time to the upside—reaching a new all-time high. But the excitement was short-lived.

The rally quickly triggered profit-taking, leading to sharp pullbacks across the board. Altcoins largely missed out on the upside, making Bitcoin the sole focus once again. Despite the bullish move, the market remains in uncertain territory.

A Fair Value Gap Has Emerged

Following this surge, technical analysis reveals an upward Fair Value Gap (FVG) between the levels of $110,500 and $109,809. This gap suggests that a price retracement to this region is quite possible.

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Currently, this zone serves as the nearest support area. A bounce from here could confirm its validity. However, any sustained move below it may trigger a deeper correction phase, warning investors to stay cautious.

The 112,000 Dollar Level Stands As A Barrier

To continue the rally, Bitcoin must overcome a crucial resistance at $112,000. This level is significant both psychologically and technically. A clear breakout could signal the beginning of a new bullish leg.

On the other hand, a rejection at this level could pull BTC back into the FVG zone for consolidation. These two zones—resistance and support—will likely define the short-term direction of the crypto market.

BTC/USD pair 4-hour chart.

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Bitcoin Approaches New High: Will the Rally Continue?

Yigit Taha OZTURK — Tue, 24 Jun 2025 13:00:13 +0000

As global financial markets remain volatile, the crypto sector is once again drawing intense attention. Recent movements, especially in Bitcoin, have brought key resistance levels into play. With this momentum, traders are questioning whether the rally has more room to grow.

106K Target Hit After Bullish Breakout

In our previous analysis, it was noted that if Bitcoin broke through the 102,961 – 101,984 USD resistance zone, a target of 105,000 USD would be next. The breakout occurred with strong buying pressure, pushing BTC up to the 106,000 USD level — surpassing the forecasted target and validating the setup.

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The current focus shifts to the next resistance range between 106,622 and 105,725 USD. If Bitcoin manages to break above this zone with volume support, the path toward 110,000 USD becomes highly likely. Sustained momentum will be critical to keep the uptrend intact.

Key Support Levels on the Downside

In the event of a pullback, the nearest strong support remains the 102,961 – 101,984 USD range. As long as BTC holds above this level, the bullish bias remains valid in the short term.

BTC/USDT pair 4-hour chart.

The post Bitcoin Approaches New High: Will the Rally Continue? appeared first on Coin Engineer.

Bitcoin Faces Key Resistance: Is The 105,000 Dollar Breakout Coming?

Yigit Taha OZTURK — Mon, 23 Jun 2025 16:00:20 +0000

The cryptocurrency market is regaining momentum, and all eyes are once again on Bitcoin (BTC). After showing a strong rebound from the support zone between 98,736 and 97,310 dollars, BTC is now trading within a crucial resistance range of 102,961 to 101,984 dollars.

This area represents more than just a technical ceiling—it’s a psychological battleground for short-term traders.

Key Levels to Watch for a Move Toward 105,000 Dollars

According to analysts, if this resistance is clearly broken with 4-hour candle closes, a move toward 105,000 dollars could be on the horizon. Such a breakout would indicate renewed buying pressure and potentially signal the start of a short-term bullish wave.

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However, if the resistance holds, a pullback toward the previous support zone—between 98,736 and 97,310 dollars—remains likely. Low trading volumes could increase the probability of this downward scenario.

BTC/USDT pair 4-hour chart.

What Should Traders Consider?

Traders are advised to proceed cautiously at current levels. Here are the critical takeaways:

Monitor the 101,984 – 102,961 dollar range closely
Watch for confirmation via 4-hour candle closes
Keep an eye on 97,310 as the next potential support if a pullback occurs

Volatility remains high, and traders should stay alert for rapid price swings in either direction.

The post Bitcoin Faces Key Resistance: Is The 105,000 Dollar Breakout Coming? appeared first on Coin Engineer.

JUP Hits Critical Zone: Rally Ahead Or More Decline?

Yigit Taha OZTURK — Fri, 16 May 2025 14:00:34 +0000

The crypto market is once again walking a tightrope. Uncertainty dominates the charts, and traders are closely watching key technical levels. Amid this tension, JUP has reached a crucial support area, raising the question: will it bounce or break?

Fair Value Gap Faces The Test

Currently, JUP is priced within a bullish Fair Value Gap (FVG) zone, a technical region seen as the last line of defense for buyers. If this area is broken downward, a retracement toward the 0.44$ – 0.40$ support range becomes highly probable.

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Breakout At 0.52$ Could Shift Momentum

On the upside, a break above the 0.52$ resistance may ignite a fresh rally, potentially pushing the price toward 0.55$. This breakout scenario would likely attract short-term traders eyeing quick gains.

JUP/USDT pair daily chart.

How JUP reacts within this FVG zone may set the tone for the next major move. Investor sentiment and trading volume will likely drive the direction. As always, technical levels remain vital for risk management and decision-making.

The post JUP Hits Critical Zone: Rally Ahead Or More Decline? appeared first on Coin Engineer.

Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues!

Yigit Taha OZTURK — Tue, 15 Apr 2025 12:30:11 +0000

Bitcoin Cash (BCH) continues to follow its downward trendline on the daily chart. The price has once again faced rejection from the descending trend and pulled back into a bullish Fair Value Gap (FVG) — a critical support zone.

Key Support: Bullish FVG Area

This support zone acts as an area of previously inefficient price action, where buyers may potentially step in. If this zone is lost to the downside, the next major support lies at $271, which aligns with historical reaction levels.

Breakout Scenario

If BCH receives a bullish reaction from this zone and manages to break the downtrend with strong volume, the first target will be $418 — a significant pivot zone that has acted as support/resistance in the past.

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A sustained move above $418 would open the door toward the next key resistance at $452, which has historically triggered major sell-offs.

BCH/USDT pair daily chart.

BCH is currently trading at a pivotal technical zone. A breakdown could lead to further correction toward $271, while a breakout may initiate a trend reversal toward higher resistance levels. Traders should stay alert and prioritize risk management.

The post Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues! appeared first on Coin Engineer.

Ethereum Price Analysis: Key Levels and Market Expectations

Yigit Taha OZTURK — Mon, 03 Mar 2025 12:30:37 +0000

Ethereum (ETH) recently bounced strongly from the $2,108 support level, initiating an upward movement. However, during this recovery, the price faced resistance at the bearish FVG zone and experienced a pullback. Just above this resistance lies the $2,811 level. If Ethereum successfully breaks through this resistance, the price could target the $3,000 levels.

On the other hand, if Ethereum fails to sustain upward momentum and gets rejected from these resistance levels, a potential pullback towards the $2,108 support level could occur. If this support is lost, the price may decline further towards the $2,000 range.

ETH/USDT daily chart.

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The overall market direction will become clearer based on how Ethereum reacts to these key support and resistance levels. Investors should closely monitor volume movements and broader market trends.

Ethereum’s short-term movements are also highly influenced by Bitcoin’s price action. Therefore, the overall trend in the crypto market and global economic developments will continue to play a crucial role in ETH’s price trajectory. Particularly, upcoming Ethereum upgrades and macroeconomic factors will remain key drivers of Ethereum’s direction.

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