Latest news with #NEAR
Business Insider
a day ago
- Business
- Business Insider
Bitget Lists Rhea Finance (RHEA) for Spot Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the addition of Rhea Finance (RHEA) will be listed in the Innovation Zone, for spot trading. Rhea Finance is a decentralized liquidity hub on NEAR born from the merger of Ref Finance and Burrow Finance. Trading for the RHEA/USDT pair started on 30 July 2025, 14:00 (UTC), with withdrawals available from 31 July 2025, 15:00 (UTC). Rhea represents the next chapter of DeFi innovation on the NEAR Protocol, formed through the strategic merger and rebrand of NEAR's two leading protocols: Ref Finance and Burrow Finance. This unification is designed to reinvigorate the NEAR DeFi ecosystem by creating a streamlined foundation to accelerate the growth of future decentralized finance projects on the network. Positioned as NEAR's primary liquidity hub, Rhea functions as a chain-abstracted liquidity layer that supports deep protocol integrations and community-driven incentive models. Built on NEAR's advanced tech stack, including Chain Abstraction and an AI-powered framework, Rhea is engineered to enhance liquidity access, interoperability, and user engagement across the NEAR ecosystem. Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broadening its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of Rhea into Bitget's portfolio marks a significant step toward expanding its ecosystem by embracing next-generation DeFi infrastructure and revitalizing liquidity on the NEAR Protocol. By supporting Rhea's unified approach, Bitget strengthens its commitment to scalable, efficient, and innovative financial solutions across diverse blockchain ecosystems. For more details on Rhea, users can visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world's most thrilling championships. For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Yahoo
a day ago
- Business
- Yahoo
NEAR Inches Higher in Final Hour as DeFi Catalysts Clash With Bearish Momentum
NEAR Protocol (NEAR) staged a modest intraday recovery during the final 60 minutes of trading on July 30, inching from $2.62 to a session high of $2.63 before settling back at $2.62. While the movement may appear marginal, it unfolded against a backdrop of persistent downward pressure, reflecting a nuanced tug-of-war between fresh DeFi momentum and overarching market headwinds. A notable spike in trading volume—peaking at 219,646 units at 13:57 UTC—stood out as a possible signal of institutional interest at lower valuations, despite the broader price contraction across the day. The uptick coincided with the official trading debut of RHEA Finance on LBank Exchange at 14:00 UTC. RHEA, a unified DeFi platform combining NEAR-native protocols Ref Finance and Burrow, enters the market backed by $4.5 million in funding from Jump Crypto and Dragonfly Capital. The timing of its launch may have spurred speculative positioning or short-term accumulation, although its impact proved insufficient to reverse the intraday losses entirely. NEAR closed the 24-hour window down nearly 3%, slipping from $2.70 to $2.63 amid sustained resistance at the $2.73–$2.74 zone. NEAR's trajectory remains emblematic of the current DeFi market conundrum: ecosystem expansion and protocol innovation are proceeding apace, yet token prices continue to reflect caution. The convergence of DeFi consolidation via RHEA and Layer 2 innovation via WeWake places NEAR at the center of infrastructure evolution, but until key resistance levels are breached and sustained, the token appears caught in consolidation mode. Technical Analysis 24-Hour Price Movement: Down 3% from $2.70 to $2.63 Resistance Zone: $2.73–$2.74, repeatedly rejected during high-volume periods Support Level: $2.63 under test; failure may open downside to $2.61 Key Volume Spike: 219,646 units at 13:57 UTC, nearly 4x hourly average Price Range: $0.14 intraday swing (5.1% of peak), from $2.74 to $2.61 Market Structure: High-volume rejection at resistance, consolidation near support amid bearish backdrop Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. 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
NEAR Slides 4% After Hitting Resistance, Signaling Bearish Reversal
EAR Protocol saw pronounced volatility over the 24-hour period from July 27 at 15:00 to July 28 at 14:00 UTC, fluctuating within a 5% range between $2.88 and $3.01. The token initially rallied from $2.90 to a high of $3.01 by 09:00 UTC on July 28, encountering firm resistance at that level. The price action was marked by strong upward momentum until institutional selling pressure emerged, indicated by a spike in trading volume to 3.10 million—well above the 24-hour average of 2.35 million. This bullish run was short-lived, as NEAR reversed sharply during the 13:00 UTC trading hour, falling from $2.94 to $2.89 amid a staggering 5.03 million in trading volume. The magnitude of this sell-off—more than twice the daily average—points to possible institutional distribution and a marked shift in short-term market sentiment. The subsequent 60-minute window saw a continuation of this downtrend, with the token slipping from $2.93 to $2.89, forming a clear descending channel between $2.93 resistance and $2.88 support. Multiple high-volume sell-offs throughout the final hour, especially at 13:21, 13:32, and 14:04 UTC, suggest persistent bearish momentum. Trading activity dropped sharply in the final minutes, hinting at short-term market exhaustion and potential sideways consolidation near the $2.89 level. With NEAR sitting at the lower end of its intraday range, traders may look to broader macro signals before determining the next move. The direction of NEAR and other altcoins may ultimately hinge on whether Bitcoin can break above the psychological $124,000 resistance level and enter a phase of consolidation. A successful BTC breakout could trigger a capital rotation into altcoins, setting the stage for renewed upward momentum in assets like NEAR. Technical Analysis Summary Resistance firmly established at $3.01, triggering strong selling pressure. Initial ascent marked by volumes surpassing the 24-hour average of 2.35 million. Sharp reversal from $2.94 to $2.89 with volume spiking to 5.03 million—more than double the average. Downtrend channel formed between $2.93 resistance and $2.88 support. Multiple intra-hour volume surges (200K+) aligned with strong price rejections. Final minutes saw negligible volume, indicating possible market exhaustion near $2.89. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. 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
6 days ago
- Business
- Yahoo
NEAR Rallies 6.9% as Bulls Reclaim Control After Overnight Selloff
NEAR Protocol bounced 0.7% between 11:10 and 12:09 UTC on Thursday, erasing a brief $2.77 dip in a volatile trading window marked by sudden institutional inflows. The token whipsawed from $2.79 to $2.77 before reclaiming session highs, highlighting a two-phase move characterized by consolidation near $2.78, followed by a selloff and swift recovery. The rebound was triggered by a sharp uptick in volume, with more than 123,000 units traded after 12:01, breaking through resistance levels and signaling potential accumulation by large players. The move capped a broader 6.9% rally from $2.61 overnight support to a $2.79 close during the July 24–25 trading window, fueled by increased volatility and revived bullish sentiment. Analysts view the surge as a potential setup for a test of the $2.83 resistance level, with longer-term projections placing NEAR in a $1.95–$9.00 range for 2025 and as high as $71.78 by 2030. Continued development of cross-chain bridging with Solana and TON is cited as a catalyst for institutional interest and potential price expansion. $0.22 trading range represents 8.50% volatility between $2.83 maximum and $2.61 minimum during 23-hour period. Strong $2.61 support level confirmed with volume exceeding 3.18 million daily average. Recovery momentum from $2.69 to $2.79 close targets $2.83 resistance zone breakthrough. $2.78 consolidation precedes sharp $2.77 support test during mid-session volatility. Exceptional 123,000+ unit volume during final-hour surge confirms institutional accumulation phase. Multiple resistance levels broken during recovery establishing new $2.79 session highs. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
NEAR Protocol Rebounds 9% as Investors Capitalize on Market Dislocation
NEAR experienced notable price volatility over the 24-hour period ending July 24 at 15:00, with its token trading between $2.59 and $2.83. The sharp drop from $2.82 to $2.59 during early morning hours prompted high-volume trading of 7.91 million units, establishing a technical support level at the session low. This market dislocation attracted aggressive buying, which fueled a price recovery to $2.81 by the close, signaling strong interest from sophisticated investors capitalizing on discounted valuations. During the final hour of trading, NEAR sustained upward momentum, rising 2% from $2.72 to $2.79 despite profit-taking near resistance at $2.82. The session established a defined trading channel with support at $2.79, and analysts interpreted the resulting consolidation as healthy price discovery. This pattern reinforced the earlier thesis of strategic accumulation by institutions amid the day's early volatility. Concurrently, NEAR announced a strategic partnership with Everclear to build cross-chain stablecoin settlement infrastructure targeting the $1 trillion digital asset clearing market. Everclear's expansion to 23 supported blockchains and 111% quarterly growth aligns with NEAR's use of Chain Abstraction technology to support efficient, low-cost cross-chain transactions. This collaboration addresses regulatory concerns and liquidity fragmentation in the digital asset ecosystem, affirming NEAR's resilient market positioning and long-term value proposition despite recent volatility. Technical analysis Exceptional intraday volatility range of $0.24 representing 9% spread between maximum price of $2.83 and minimum of $2.59 Sharp morning decline from $2.82 to $2.59 during 05:00-06:00 trading session accompanied by elevated volume of 7.91 million units Technical support level established at $2.59 with evidence of aggressive institutional buying interest Sustained recovery momentum driving steady price appreciation to session close at $2.81 Final hour trading showing continued upward momentum with 2% gain from $2.72 to $2.79 Technical channel formation with defined support at $2.79 and resistance at $2.82 Intraday peak of $2.82 at 15:20 followed by measured profit-taking decline to $2.79 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
