At the time of writing, XPL/USDT is trading at 0.1792 dollars.

Critical Network Warning from Coinbase

Coinbase emphasized that users must send XPL only through the supported Plasma network. Transfers made via other networks cannot be recovered and may result in permanent loss of funds.

Potential Impact of the XPL Listing

Plasma (XPL) operates on the Plasma network, known for its scalable and low-cost structure. Coinbase’s decision to list XPL is expected to significantly increase the asset’s visibility and global accessibility, marking a strategic milestone for the project.

What Is Plasma (XPL)?

Plasma (XPL) is a high-performance Layer 1 blockchain designed specifically for global stablecoin payments. As stablecoin usage continues to grow rapidly, Plasma offers zero-fee USDT transfers, customizable gas models, privacy-enabled payments and high transaction throughput.

Traditional blockchains are not fully optimized for stablecoin transfers and often struggle under high-volume, low-cost transaction demands. Plasma addresses this issue by making stablecoin operations a core protocol feature. This approach delivers scalability, low latency, reliability and a fast payment experience across the network.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Coinbase Announces Plasma (XPL) Listing Support appeared first on Coin Engineer.

According to Tokenomist data, the new week in the crypto market begins with several major token unlock events, signaling potential volatility as previously locked tokens enter circulation.

Biggest Unlock of the Week: ZRO (LayerZero)

The largest token unlock this week will come from ZRO (LayerZero). Around 32.71% of locked tokens — valued at $42.42 million — will be released into circulation, representing roughly 23.13% of ZRO’s total supply. Analysts warn that such a large-scale unlock could increase short-term volatility.

“In high market-cap projects like ZRO, major unlock periods often trigger short-term selling pressure but tend to stabilize the market in the mid-term.”
— Hiro Tanaka, Tokenomist Analyst

Other Notable Unlocks: XPL, MBG, and SOON

Beyond ZRO, several other projects are drawing investor attention this week:

• XPL: $35.19 million worth of tokens to be unlocked (4.94% of supply)
• MBG: $17.23 million unlock (19.01% of supply)
• SOON: $8.66 million unlock (3.87% of supply)

A portion of these unlocked tokens will go to community incentives, founding teams, and investor reserves. While this could lead to short-term price swings, it may also improve liquidity in the long run.

Mid-Sized Unlocks: ALT, AVAIL, H, and KAITO

Other projects with notable unlocks include:

• ALT: $2.36 million (2.9% of supply)
• AVAIL: $1.32 million (4.36% of supply)
• H: $5.68 million (2.74% of supply)
• KAITO: $7.21 million (2.96% of supply)

While smaller in scale, these releases could still cause price fluctuations, especially for lower market-cap tokens.

Market Impact: Volatility Likely to Increase

With more than $120 million worth of tokens entering circulation this week, analysts expect:

• Increased short-term selling pressure
• Volatile price movements
• Improved liquidity supporting high-volume trading

However, some project teams may manage these events through gradual selling strategies, helping the market absorb the new supply more smoothly.

Unlock Week Begins: Key Opportunities and Risks Ahead

The total $120 million in upcoming unlocks could shape this week’s crypto market dynamics, creating both risks and opportunities. Projects like ZRO, XPL, and SOON will be closely watched as investors gauge market reactions. For traders, the week ahead could be crucial for identifying potential dips and accumulation opportunities as the market adjusts to this wave of unlocks.

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.

The post Attention Investors! Major Altcoin Unlocks Coming This Week appeared first on Coin Engineer.

These speculations put pressure on the market, causing XPL to lose value rapidly. The rumors spread quickly across social media, creating panic among investors and triggering FUD (Fear, Uncertainty, Doubt)-driven price volatility. While the situation particularly affected the confidence of new investors, the existing community has been closely monitoring developments.

Detailed Statement from Paulie Punt

Plasma founder Paulie Punt issued a public statement to restore investor confidence amid recent market speculation. Punt addressed claims regarding token sales and team composition, providing the following clarifications:

1. No Token Sales:
   Punt emphasized that no team members have sold XPL tokens. All investor and team tokens are locked for three years, with a one-year cliff for the initial release. This mechanism prevents uncontrolled market release and provides assurance to investors.
2. Team Background:
   The Plasma team consists of about 50 professionals, of whom only three previously worked on Blast or Blur projects. Punt highlighted that the team includes talent from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei, stating: “If we label our team as ‘ex-Blast,’ we should equally label them ‘ex-Google’ or ‘ex-Goldman Sachs.’ This statement aimed to convey the team’s experience and professionalism to investors.

3. Wintermute Claims:
   Punt clarified that Plasma has never worked with Wintermute and has no market-making agreement. Regarding Wintermute’s holdings of XPL, the team only has access to the same public information as everyone else. This confirms that the rumors were false and there has been no external interference in the token.

Following Punt’s statement, the XPL token showed partial recovery in the market. Crypto analysts note that transparent communication and rapid responses during FUD-driven declines play a critical role in maintaining investor trust. The Plasma team’s clarification not only cleared misinformation but also helped the community focus on the project’s long-term goals.

What is Plasma (XPL)?

Stablecoins have become one of the most important use cases in the crypto ecosystem, with a market capitalization exceeding $250 billion and trillions in monthly trading volume. Plasma aims to meet these demands by offering:

• Zero-fee USDT transfers
• Customizable gas tokens
• Private payment support
• High transaction capacity on a global scale

Analysis

The Plasma (XPL) case clearly demonstrates the impact of FUD on investor psychology in the crypto market. Accurate and timely communication helps stabilize token prices and strengthens investor confidence in the project.

Founder Paulie Punt’s clear and detailed statements show that the Plasma team adopts a transparent approach and prioritizes keeping the community well-informed.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Statement from the Founder Following Plasma (XPL) Token Decline! appeared first on Coin Engineer.

Meanwhile, ICO investors sold tokens after achieving significant short-term gains, increasing spot selling volume. Analyst Alex Kruger noted that high spot sales contributed to the decline and it was not caused by short squeeze activity. 

Spot Selling and Market Reaction 

• ICO profit-taking pressured the price 
• FUD rumors triggered panic selling 
• High spot selling increased supply in the market 
• Abnormal funding rates accelerated the decline 

These factors indicate that XPL drop is more related to market psychology and short-term movements rather than fundamental changes. 

Analyst Opinions 

Charts show XPL bullish structure was disrupted, but analysts expect recovery if FUD subsides and ICO selling pressure eases. Our analysis highlighted $0.8877 as a strong support level, with a ~20% rebound already observed. Recent stablecoin applications also continue to attract institutional investor interest. 

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Plasma (XPL) Drops 46%: Causes, Analysis, and Market Response appeared first on Coin Engineer.

As concerns spread quickly among users, the Aster team acted immediately. In an official statement, they assured the community that all funds were safe and that anyone who incurred losses would receive full compensation. This development represents both an important test for investors and a reflection of how DeFi platforms approach transparency and accountability.

Shock Moment for XPL: Price Surges to $2

The system error on Aster DEX caused a major distortion in the value of XPL. While the token was trading around $1.30 on major exchanges like Binance, its price on Aster DEX spiked to as high as $2 — stirring strong reactions across the crypto community. Although this discrepancy suggested potential arbitrage opportunities, the faulty price movements posed significant risks for investors.

Cause of the Incident: Funding Rate and Technical Error

The root of the issue lay in miscalculations of the funding rate, which plays a critical role in perpetual futures.

• The XPL index price was misconfigured in the system,
• Artificial restrictions were imposed on the mark price,
• And delays in price feeds all contributed to the anomaly.

As a result, traders who opened short positions — betting on XPL’s price to decline — faced artificial losses. This triggered automatic liquidations, unfairly closing some users’ positions.

According to one user on X, the system had initially hard-coded the XPL index price at $1, with an upper cap of $1.22 for the liquidation price. Once this cap was removed, the price instantly reflected as high as $4.

Aster’s Statement: “All Funds Are Safe”

In a statement posted on X, the Aster team addressed the issue:

“We are aware of the abnormal price movements in the XPL perpetual pair. Rest assured, all user funds are SAFU. We are conducting a full investigation and will compensate all affected users.”

(The term “SAFU” is widely used in the crypto community to indicate that user funds are secure.)

Aster also announced that it would waive liquidation fees and that the compensation process for affected users would begin automatically.

What Is Aster DEX and How Does It Work?

Aster DEX is a decentralized exchange platform that has recently attracted attention in the crypto space. It came into the spotlight after Binance founder CZ shared a rare chart highlighting the project. Launched in July under the name Aster Chain, the platform is backed by YZi Labs (formerly Binance Labs) and PancakeSwap.

With a derivatives trading volume of $1.11 billion, Aster DEX aims to compete with rivals like Hyperliquid, while offering a streamlined structure for deposits, withdrawals, and trading processes.

Click Here to Trade on Aster DEX with 20% Discount!

What Does This Mean for the Future?

Such a major price anomaly serves as a critical test for the reputation of DEXs and user trust.

• Transparent communication,
• Rapid technical fixes,
• And fair compensation processes

will play a key role in helping Aster restore confidence. For XPL holders, short-term volatility is concerning, but the fact that prices on major exchanges remain stable continues to support trust in the token’s fundamental value.

The Risks and Opportunities of DeFi

The XPL trading error on Aster DEX once again highlighted the dual nature of the crypto market: great opportunities come hand-in-hand with high risks. Despite the rapid growth of decentralized finance, technical glitches and price anomalies remain serious threats.

According to experts, platforms that strengthen transparency and security measures will be the ones that earn long-term investor trust and continue to grow.

Also, you can 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.

The post A Trading Error on Aster DEX: This Coin’s Price Soared! appeared first on Coin Engineer.

When Will the USDS-M XPL Perpetual Contract Start?

According to Binance Futures, the pre-trading phase for the USDS-M XPL Perpetual Contract will begin on September 25, 2025, at 13:00 (UTC). The transition period may last approximately 3 hours. During this time, market volatility and the status of the stable index price will play an important role. Binance emphasized that users might see different trading dynamics during this period, but the entire process will be conducted transparently.

Click to Register to Binance Exchange with 20% Commission Discount!

What is Plasma (XPL)?

Stablecoins have become one of the most important use cases in the crypto ecosystem, with a market capitalization exceeding $250 billion and monthly trading volumes in the trillions. Plasma addresses these demands by offering:

• Zero-fee USDT transfers
• Customizable gas tokens
• Stealth payment support
• High global transaction throughput

According to Binance, during the transition, the trading of the XPLUSDT Perpetual Contract and existing positions will not be affected. Investors can safely maintain their positions, and after the transition, XPL futures will continue under standard operations. This ensures smoother risk management and easier adaptation to the new system.

Why Are XPL Futures Important?

Futures contracts provide investors with:

• Leverage trading opportunities
• Profit potential in both rising and falling markets
• Greater strategic flexibility

Launching XPL futures will:

• Increase liquidity
• Boost global investor interest
• Expand XPL’s reach within the ecosystem

Experts believe that Binance Futures’ introduction of XPL futures could accelerate the token’s adoption in the medium to long term.

A New Era for XPL

The launch of the USDS-M XPL Perpetual Contract marks an important milestone for the XPL community. This development provides investors with more trading flexibility and may trigger new market activity for the token.

In the coming days, the performance of XPL futures will be a key factor in attracting both institutional and retail investors.

Also, you can 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.

The post New Altcoin Now Available for Trading on Binance Futures! appeared first on Coin Engineer.

HODLer Airdrop Participation and Timeline

Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-09-10 00:00 (UTC) to 2025-09-13 23:59 (UTC) will be eligible for the airdrop. HODLer Airdrops information is estimated to be available within 24 hours, and the new token will be distributed to users’ Spot Accounts at least 1 hour before trading begins. 

Plasma (XPL) Listing and Trading Pairs

Binance will list XPL on 2025-09-25 13:00 (UTC), with trading pairs against USDT, USDC, BNB, FDUSD, and TRY. The seed tag will be applied to XPL. Binance will also support USDT deposits and withdrawals on the Plasma Network, and users can start depositing XPL and USDT from 2025-09-24 10:00 (UTC). 

About Plasma (XPL)

Plasma is designed to address the growing demand for stablecoin transactions, offering zero-fee USDT transfers, customizable gas tokens, privacy-enabled payments, and high transaction capacity on a global scale. 

Strengthening the HODLer Ecosystem

This airdrop and listing provide the Binance HODLer community with early access to XPL and opportunities to diversify their investment strategies through stablecoin payments and spot trading. The initiative aligns with Binance’s goal to expand the HODLer ecosystem and increase user engagement. 

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

The post Binance Lists HODLer Plasma (XPL)! appeared first on Coin Engineer.

What Is Plasma (XPL)?

With stablecoins driving over $250 billion in market supply and trillions in monthly transaction volume, Plasma addresses their unique needs through zero-fee USD₮ transfers, customizable gas tokens, support for confidential payments, and unparalleled scalability for global adoption.

Unlike traditional blockchains that struggle with high-volume, low-cost payment systems due to their lack of stablecoin optimization, Plasma is purpose-built to deliver scalability, reliability, and low latency. By embedding stablecoin functionality at the protocol level, it aims to provide a secure, rapid, and user-centric experience for developers and users alike.

Why Choose Plasma?

Plasma stands out by offering an infrastructure tailored for stablecoin transactions, overcoming the shortcomings of conventional blockchains that weren’t designed with stablecoin demands in mind. It tackles performance bottlenecks in high-throughput, cost-efficient payment systems with the following key features:

• Stablecoin-Centric Design: Optimized for high-volume, low-cost payments, Plasma ensures scalability, speed, and reliability to meet global stablecoin demands.

• Native Features: Zero-fee USD₮ transfers, customizable gas tokens, and confidential payment options empower developers to create seamless, cost-effective, and private user experiences.

• Deep Liquidity: Launching with over $1 billion in USD₮ liquidity, Plasma positions itself as one of the most liquid stablecoin networks globally, enabling developers to tap into robust liquidity from day one.

• EVM Compatibility: Fully compatible with the Ethereum Virtual Machine (EVM), Plasma allows developers to deploy contracts using familiar tools like Hardhat, Foundry, and MetaMask, streamlining development workflows.

• Integrated Stablecoin Infrastructure: Plasma provides access to top-tier infrastructure, including card issuance, global on- and off-ramps, stablecoin orchestration, and advanced risk and compliance tools, all supported by trusted third-party providers.

• Native Bitcoin Bridge: A trust-minimized bridge enables developers to move BTC directly into the EVM environment without centralized custodians, unlocking innovative applications at the intersection of stablecoins and the world’s largest digital asset.

What Can You Build on Plasma?

Plasma equips developers with a robust foundation to create global-scale stablecoin payment systems and financial applications. Using familiar tools like Hardhat, Foundry, and MetaMask, developers can deploy applications and protocols with ease. Plasma’s protocol-level contracts are designed for zero-fee USD₮ transfers, customizable gas tokens, and confidential payments, aligning with EIP-4337 and EIP-7702 smart account standards. These features are set to integrate more deeply with block-building and execution processes over time. From wallets to foreign exchange systems or consumer-facing applications, Plasma offers the speed, liquidity, and flexibility needed to operate at a global scale.

Use Cases

• Remittances: Instant, low-cost cross-border transfers without intermediaries.

• Micropayments: Automated, low-fee micropayments for internet-native economies.

• Global Payouts: Seamless, borderless payments to employees and partners worldwide.

• Merchant Acceptance: Enables merchants to accept global payments with instant settlement and reduced fees.

• Dollar Access: Permissionless access to dollars in unstable economies.

• Permissionless Banking: Open access to saving, spending, and earning without traditional banks.

Technical Architecture

Plasma’s infrastructure is built on three core components:

1. PlasmaBFT Consensus Layer: Powered by a pipelined Fast HotStuff consensus algorithm, PlasmaBFT processes proposals, votes, and commits concurrently, delivering high throughput, low latency, and deterministic finality within seconds. Optimized for stablecoin workloads, it ensures Byzantine fault tolerance for global-scale performance.

2. EVM Execution Layer: Built on Reth, a high-performance, modular Ethereum execution client written in Rust, Plasma’s EVM environment supports standard Solidity contracts with full compatibility for existing wallets, SDKs, and developer frameworks, eliminating the need for custom tools.

3. Native Bitcoin Bridge: A trust-minimized, non-custodial bridge allows BTC to be integrated into the EVM ecosystem, enabling smart contract interactions, collateral systems, and cross-asset flows for innovative financial applications.

Stablecoin-Native Contracts

Plasma provides protocol-managed contracts tailored for stablecoin use cases, rigorously audited and designed for integration with smart account wallets. These contracts evolve with the protocol and are built for deeper execution-layer integration:

• Zero-Fee USD₮ Transfers: A paymaster contract covers gas costs for USD₮ transfers, using lightweight identity verification (e.g., zkEmail) and rate limits to ensure security and prevent spam.

• Custom Gas Tokens: A secure, fee-free ERC-20 paymaster allows approved tokens to be used for gas payments, removing the need for users to acquire native tokens.

• Confidential Payments: A privacy-preserving module for USD₮ transfers shields amounts, recipient addresses, and memo data while ensuring regulatory compliance, designed for practical financial use cases like payroll and private settlements.

Plasma (XPL) Tokenomics

XPL is the native token of the Plasma blockchain, used for transaction execution, network security, and validator rewards. The initial supply is 10 billion XPL, distributed as follows:

• Public Sale: 10% (1 billion XPL), allocated through a public sale. Non-US buyers’ tokens are unlocked at the mainnet beta launch, while US buyers face a 12-month lockup until July 28, 2026.

• Ecosystem and Growth: 40% (4 billion XPL), dedicated to strategic initiatives to boost network utility, liquidity, and institutional adoption. 8% unlocks at launch, with the remaining 32% unlocking monthly over three years.

• Team: 25% (2.5 billion XPL), incentivizing current and future team members. One-third unlocks after a one-year cliff from the mainnet beta launch, with the rest unlocking monthly over two years.

• Investors: 25% (2.5 billion XPL), following the same unlock schedule as the team.

Validator Network and Inflation

Plasma operates on a Proof-of-Stake (PoS) model, where validators secure the network by confirming transactions. Future stake delegation will allow XPL holders to delegate tokens to validators and share rewards. Inflation starts at 5% annually, decreasing by 0.5% each year until reaching a 3% baseline. Transaction fees are burned per the EIP-1559 model to balance inflation and limit long-term dilution.

Plasma (XPL) Investors

Plasma raised $24 million at a $500 million valuation, backed by leading venture capital firms and angel investors. Key investors include Founders Fund, Framework Ventures, Bitfinex, 6th Man Ventures, Flow Traders, Laser Digital, Karatage, Anthos Capital, Manifold, DRW Venture Capital, and prominent individuals like Peter Thiel, Paolo Ardoino, Guy Young, Christian Angermayer, Zaheer, and Cobie. This robust investor backing fuels Plasma’s mission to redefine global financial systems.

Plasma (XPL) Team

The Plasma team comprises seasoned industry leaders. Founder Paul Faecks shapes the platform’s vision, while CTO Hans Walter Behrens oversees technical development. COO Lucid manages operational processes, Ecosystem Head Vincent Rong drives ecosystem growth, and Head of Growth Nathan Lenga spearheads expansion strategies. Together, they position Plasma as a leading blockchain for stablecoin payments.

Plasma delivers a revolutionary solution for global stablecoin payments with zero-fee USD₮ transfers, high-performance infrastructure, and compatibility with Bitcoin and Ethereum. By empowering developers and users with speed, liquidity, and flexibility, Plasma aims to reshape the future of finance at internet speed.

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post What is Plasma (XPL)? appeared first on Coin Engineer.

XPLUSDT Contract Details 

The XPLUSDT perpetual contract is based on Plasma (XPL), a Layer 1 EVM-compatible blockchain designed for high-volume and low-cost global stablecoin payments.

Key specifications include: 

• Leverage: Up to 5x 

• Tick Size: 0.00001 

• Funding Rate: 

• During pre-market trading: +0.005% 

• After pre-market ends: +2.00% / -2.00% 

• Funding Fee Settlement: Every four hours 

• Trading Hours: 24/7 

• Multi-Assets Mode: Supported 

Plasma (XPL) Token Info: 

• Total Supply: 10,000,000,000 XPL 

• Maximum Supply: ∞ (Unlimited) 

Click to Register on Binance Exchange with a Discount!

Thanks to Multi-Assets Mode, users can trade this contract using different collateral such as BTC. Within 24 hours of launch, the contract will also be available for Futures Copy Trading. 

Binance reserves the right to adjust leverage, funding fees, and margin requirements based on market conditions. Futures and spot listings are independent, meaning a token listed on Binance Futures does not guarantee a Binance Spot listing. 

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.

The post Binance Futures Launches XPLUSDT Perpetual Contract! appeared first on Coin Engineer.