Bankless co-founder David Hoffman has disclosed how he redeployed capital after selling ETH, revealing a new portfolio tilted toward VVV, NEAR, ZEC, HYPE and LIT. The move marks a notable shift for one of Ethereum’s most recognizable public advocates and has triggered debate over whether Hoffman is rotating into a new long-term thesis or chasing a different segment of the market. In a post on X, Hoffman said he “immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE” after selling ETH. The other half, he said, was held back for dollar-cost averaging into an asset that had not already moved sharply higher. “I left the rest as capital to DCA into something not already up multiples,” Hoffman wrote, adding that NEAR was an exception because it was “~1.40 at the time.” He then said he had completed that second leg of the rotation: “I’ve finished buying LIT with that remaining 50%.” Why Hoffman Chose LIT As Next Major Crypto Bet The disclosure quickly shifted into a broader discussion about Hoffman’s investment thesis around LIT and Lighter, particularly after Multicoin Capital’s Kyle Samani asked why a user would choose Lighter over Robinhood. Hoffman framed the answer around product specialization, market structure and auditability rather than simply token speculation. Related Reading: ‘Coldest Crypto Winter Ever’: Bloomberg’s Weisenthal Lists 12 Reasons “The easy answer is that Robinhood is an everything platform, and Lighter is highly optimized for perps specifically,” Hoffman wrote. “Lighter has more assets, including more pre-IPO markets. Lighter doesn’t require KYC sign up, and Robinhood Perps are for only a closed group of users in the EU.” He acknowledged one important constraint: “By contrast, Lighter is VPN blocked in the US.” But Hoffman argued that the deeper distinction is transparency. He pointed to zkLighter, Lighter’s zero-knowledge system, which he said allows end users to verify the exchange’s rule enforcement without permission. “zkLighter is fully auditable by end users, so anyone can permissionlessly verify the exchange is following its own rules,” he wrote. “Order matching, funding, risk checks, liquidations etc are defined in zk circuits, so Ethereum verifies that they followed Lighter’s rules before accepting state updates. Bullish crypto ethos!” For Hoffman, the auditability claim is not merely technical branding. He argued that it goes directly to trader and market-maker trust, because participants can verify that “there is no privileged party trading against users,” invoking the FTX and Alameda collapse as the relevant failure mode. Hoffman also emphasized latency and execution cost. He claimed Lighter has “the best latency of any perp exchange” and “the best fee structure,” while pointing to third-party comparisons against Hyperliquid. On Robinhood, however, he was more cautious, saying he could not judge Robinhood perps directly because he cannot access them and would not be able to audit them in the same way. Related Reading: Crypto Is A ‘Failed’ Asset Class, Says Renowned Economist “Maybe Robinhood, when it eventually rolls out perps, also has a 0-fee structure too,” he wrote. “But that means a tie between RH and Lighter, not a RH win.” The debate also exposed pushback from parts of the Ethereum community. One user accused Hoffman of going “from eth maxi to the other extreme,” while another suggested he had become more of a short-term trader. Hoffman rejected both characterizations. “The technology under all of these assets is pretty interesting too,” he replied to one critic. To another who joked about him having an investment thesis and sticking to it, Hoffman responded: “My last investment thesis I had for eight years. God forbid I get a new one!” Asked directly about LIT versus HYPE, Hoffman said he views the position as both “beta and alpha” to HYPE. His reasoning centered on relative buybacks, product quality and regulatory positioning, citing “LIT buybacks” as moving at “2x the relative speed of HYPE Buybacks,” alongside what he described as a technically superior product, better fees, stronger latency and US domicile. At press time LIT traded at $1.50. Featured image created with DALL.E, chart from TradingView.com
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, announced on June 4 that he has exited his entire positions in both Hyperliquid’s HYPE token and NEAR Protocol — reversing two of his most publicly stated high-conviction long calls — citing five macro and geopolitical factors he believes will weigh on risk assets between now and early Q3 2026. Related Reading: Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level The exit marks a significant about-face for Hayes, who had publicly identified HYPE as one of his two largest positions outside Bitcoin earlier this year — alongside ZCash — with a stated price target of $150 by August 2026, per reporting of his Consensus Miami remarks. HYPE had already delivered returns well above his entry price following a 55% weekly surge that pushed the token above $56 before analyst Ali Martinez flagged an overheated technical setup at the $59–$60 resistance zone. Hayes, it appears, agreed with the diagnosis. HYPE's price records important losses on the daily chart. Source: HYPEUSD on Tradingview The Five Reasons He Cited In the X post, Hayes offered a five-point TLDR ahead of a full essay titled “Reality Test,” which he said will drop on Tuesday. The reasons are specific and macro-driven rather than project-specific — a signal that the exit is a portfolio-level risk management decision rather than a loss of conviction in either HYPE or NEAR as assets. The first factor is higher energy prices driven by the ongoing Iran war and inventory restocking — a dynamic Hayes has consistently flagged as a macro headwind for risk assets throughout 2026. The second is the pipeline of three mega AI initial public offerings he anticipates between now and early Q3, which he expects will absorb significant institutional risk capital that might otherwise flow into crypto. The third is a prediction that President Trump will pivot to an anti-AI political stance ahead of the midterm elections — a move Hayes believes would be used to win Republican seats and could create further uncertainty for technology-adjacent risk assets. The fourth is a broader view that market highs across asset classes will occur between now and September — implying the risk-reward of holding leveraged positions into that window is unfavorable. The fifth is personal: Hayes said he wants to take profit and enjoy what he called a “two-step in beefa” — a reference to time in Ibiza — without the psychological weight of open positions. What The Exit Signals For HYPE The position reversal arrives at a technically sensitive moment for HYPE. The token had delivered 130% in year-to-date returns at the time Ali Martinez flagged the TD Sequential sell signal and overbought RSI at the $59–$60 resistance zone — the same area Hayes appears to have used as his exit window. With one of the most prominent public bulls now fully out, the near-term price action for HYPE will depend heavily on whether the institutional demand documented in Hyperliquid’s Q1 2026 report — $215 million in gross revenue, 71.5 percentage points of alpha over Bitcoin, four HYPE ETF filings from Grayscale, VanEck, 21Shares, and Bitwise — provides sufficient structural support to absorb the sentiment impact of Hayes’ public exit. Related Reading: XRP Price To See Violent Discontinuous Repricing And $10 Could Only Be The Start Hayes was clear that the exit is tactical rather than fundamental. A full explanation of his reasoning will arrive in Tuesday’s essay — and given his track record of macro calls, the crypto market will be reading every word. Cover image from Grok, HYPEUSD chart from Tradingview
Arthur Hayes said NEAR and Zcash form the core of his privacy trade, arguing that crypto markets are beginning to reprice assets tied to private value transfer, AI-era sovereignty and real protocol economics. In an interview with The Rollup, the Maelstrom CIO said NEAR could offer “20x potential,” while Zcash may have “5x potential” over the next year, framing both assets as part of a broader reaction to “big tech, big government” and AI-driven surveillance. Hayes’ thesis starts with a macro shift. Earlier this year, he said he had been cautious because Bitcoin appeared to be pricing in an “AI deflationary credit event,” with monetary authorities unlikely to print aggressively until a crisis forced their hand. That changed, he argued, after the Iran conflict crystallized a liquidity-positive setup for markets. “Governments print money to win war. AI is part of war. The AI capex will be underwritten, both in the United States and China, by the governments,” Hayes said. He added that governments in the US, China and Europe would likely fund a wartime economy and AI infrastructure through monetary expansion, with some of that liquidity leaking into Bitcoin and selected crypto assets. Why NEAR And Zcash? Hayes’ strongest comments were reserved for privacy. He once again confirmed Zcash as his “second biggest bag” and said the asset had become investable again after earlier concerns around its trusted setup, issuance profile and developer subsidy faded into the background. The old Zcash trade, in his view, was too early and too messy. The new one is cleaner, more liquid and more relevant to the current political and technological moment. Related Reading: Zcash (ZEC) Soars To Six-Month Highs After 110% Rally – Can It Break The $700 Barrier? “There’s nothing wrong with wanting to have private money over the internet,” Hayes said. “And that’s what Zcash represents, that’s what Monero represents. And as we are learning the ability for big tech, big government and AI to essentially know everything about us and to trace everything that’s going on in our lives, to have pure, just cryptographically proven privacy with money is going to be super needed.” Hayes said his renewed interest in Zcash accelerated after a conversation with Naval Ravikant during Tokyo 2049. According to Hayes, Ravikant argued that Monero’s ring signatures were weaker than commonly assumed and referenced a Japanese law-enforcement case involving deanonymization. Hayes said he bought $1 million of Zcash “right then and there,” then continued accumulating as he researched the thesis further. The price target came as Hayes connected Zcash to NEAR’s role in making private value transfer more usable across assets and chains. He argued that shielded Zcash alone is important, but the larger opportunity comes when users can move from shielded ZEC into other assets, including stablecoins, through NEAR Intents. “Within the ZODL app, I can now send any crypto asset I want to anyone across the Internet in an anonymous way. From Shielded Zcash, using Near Intents. Now I’m into, you know, USDT on Tron and I’ve sent it to whoever I’m going to send it to in an anonymous fashion. That’s huge,” Hayes said. That is where his upside estimates diverge. Hayes said Zcash remains the primary expression of the privacy trade, but NEAR may offer the more asymmetric setup because it is tied to the execution layer behind confidential transfers. “I think Near has a 20x potential where, you know, Zcash might have a 5x potential over the next year or something like that,” he said. “So you scale the capital that you allocate accordingly to the risk.” Related Reading: Why Multicoin Is Betting Big On Zcash: Tushar Jain Lays Out The Bull Case NEAR co-founder Illia Polosukhin reinforced the economic side of that argument, saying NEAR Intents is approaching $20 billion in lifetime volume, with $18.9 billion cited during the interview, and has generated $33 million in fees. He said NEAR takes a fee from every transaction and uses it to buy back NEAR, while the ecosystem has already halved inflation and may push for further reductions as revenue grows. Hayes also tied the trade to token structure. He said NEAR benefits from being “fully diluted,” avoiding the large overhang of venture allocations that still weighs on many L1 assets. For a token expected to move in an upmarket, he argued, that clean supply profile matters. The risk, in Hayes’ own framing, is macro. He said he intends to hold until the broader liquidity backdrop changes, but warned that reduced government support for AI capex or a worsening war scenario would alter the setup. For now, he sees privacy, AI-linked sovereignty and exchange revenue as the trades with the clearest market validation. At press time, Zcash traded at $624. Featured image created with DALL.E, chart from TradingView.com
The prominent crypto investor Arthur Hayes described NEAR, HYPE and ZEC as “the holy trinity” of altcoins.
NEAR rallied by 45% this week on a series of upgrades positioning it as a potential settlement layer for AI agents and confidential finance.
Private execution layer aims to curb MEV and front-running as the token extends 40% weekly rally despite modest onchain earnings.
The move is backed by investors including Kraken and Fabric Ventures, and OceanPal's shipping business will continue to operate separately.
Zashi Swaps let users convert BTC, SOL, USDC and other supported assets directly into ZEC inside the app, where they can then be shielded.
NEAR faces significant selling pressure amid broader market uncertainties.
The token's sharp decline to $2.14 created a key buying opportunity as high-volume traders stepped in to establish support, signaling potential consolidation after recent turbulence.
A new proposal from HOT Protocol, a decentralized group operating on the NEAR Protocol, has called for a significant reduction in the AI crypto project‘s token inflation rate. On June 24, the decentralized organization submitted a plan to slash NEAR’s annual inflation rate from 5% to 2.5%. The proposal aims to enhance the long-term sustainability […]
The post Near Protocol faces pivotal vote to slash token inflation by half appeared first on CryptoSlate.
Despite market uncertainty, NEAR finds strong support at $2.11 level while testing key resistance.
Despite price volatility, NEAR's growing user base of 46 million shows adoption beyond speculation.
Uncertainty in the Middle East drove volatility despite protocol reaching 46 million monthly users.
Protocol demonstrates remarkable resilience despite broader market volatility triggered by geopolitical disputes.
NEAR showed resilience on Thursday with strong recovery from $2.42 support level, despite chaos in global markets.
NEAR has shown resilience with strong recovery from $2.42 support level.
Cryptocurrency shows strong technical breakout with cup-and-handle pattern formation as economic uncertainty drives market volatility.
Geopolitical tensions and shifting monetary policies create headwinds for the token as it tests critical price levels.
After launching Bitcoin and Ethereum ETFs, the crypto asset manager is expanding its focus—now to Near Protocol.
Bitwise Asset Management has taken a significant step toward launching a new exchange-traded fund (ETF) based on NEAR Protocol’s native token, NEAR. According to information on Delaware’s official state website, the firm registered a new entity called Bitwise NEAR ETF on April 24. The filing, listed under number 10174379, classifies the entity as a corporate […]
The post Bitwise eyes first NEAR-focused ETF amid rising token value appeared first on CryptoSlate.
A last-minute halt on a crypto announcement underscores how Nvidia still excludes blockchain projects from its flagship programs, despite continued outreach from the sector.
Prominent crypto analyst Ali Martinez has shared a bullish prediction on the NEAR market suggesting a potential 15% gain is on the horizon. Amidst a major downtrend, Martinez’s latest forecast reveals the altcoin could soon see a significant market rebound. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone Inverse Head-And-Shoulders Pattern Forms As NEAR Prepares For Rally In an X post on April 11, Ali Martinez shows a technical analysis of the NEAR 3-day chart revealing the formation of an inverse head-and-shoulders pattern which signals a potential price upswing. In financial markets, the inverse head-and-shoulders pattern is a bullish formation that often acts as a reliable indicator of a trend reversal. As the name implies, it consists of three troughs in the form of the left shoulder, the deeper “head”, and the right shoulder as evidenced by the price action between April 7 and April 11 on the NEAR chart. Notably, a descending neckline connects the highs between these troughs and serves as a key resistance level. According to Ali Martinez, NEAR is gradually approaching this neckline, a decisive breakout above which would confirm the bullish reversal and initiate a price rally toward 2.40. Interestingly, NEAR’s relative strength index on its daily chart has recently left the oversold zone backing Martinez’s prediction of an impending price reversal. However, market bulls should still expect to face some resistance at the 1.000 and 1.272 Fibonacci extension levels at $2.10 and $2.34. On the other hand, if the NEAR bulls fail to break above the descending neckline, it could invalidate the current bullish setup and potentially force a price fall to support levels around the $1.96 and $1.82 price zones. Related Reading: XRP Price Flashes Symmetrical Triangle From 2017, A Repeat Could Send It as Flying To $30 NEAR Price Outlook At the time of writing, NEAR is trading at $2.09 following a price gain of 4.34% in the past day. On larger time frames, the altcoin is down by 16.12% on the weekly chart and 17.58% on the monthly chart showing short-term investors are holding significant losses. According to data from CoinCodex, the general sentiment in the NEAR market remains highly bearish. Meanwhile, the Fear & Greed Index stands at 25 reflecting an Extreme Fear among investors. Contrary to Martinez’s positive predictions, these analysts predict NEAR to maintain its current downtrend in the short term with predictions of $2.07 in five days and $1.90 in a month. In the long term, Coincodex still maintains a bearish outlook on the NEAR market projecting a market price of $1.58 in three months i.e. a potential 24% decline from current market prices. Featured image from Pintu, chart from Tradingview
The app currently has 500,000 monthly actively users.
In its recent analysis, market intelligence firm Messari has provided a comprehensive overview of the NEAR Protocol’s performance in Q4 2024. Despite facing headwinds in the broader crypto market, NEAR has demonstrated notable resilience through increased activity and strategic developments. Drop In Market Cap Ranking But Resilience Through Increased Activity During Q4, NEAR Protocol initially surged, reaching a token price high of approximately $8.19 in December before retracing to around $4.91 by the quarter’s end. This decline reflected a significant drop in market cap, which fell to approximately $5.73 billion—marking a 2.09% decrease quarter-over-quarter (QoQ). Consequently, NEAR dropped ten spots in market cap rankings, now sitting at 21st overall, indicating a performance lag compared to other leading assets. Despite the challenges in market pricing, NEAR’s revenue, derived from network transaction fees, saw a substantial increase. The revenue grew to about $2.11 million, representing a 26.81% QoQ rise. This growth can be attributed to heightened transaction volumes and decentralized exchange (DEX) activity. The average transaction fee during the quarter was roughly $0.0031, a 15.91% increase from the previous quarter, further highlighting the network’s operational efficiency. Related Reading: XRP Bulls Need This Break For A Shot At $6 The NEAR token plays a multifaceted role within the ecosystem, being essential for staking, transaction fees, and storage fees. The protocol maintains a flexible supply model, characterized by an annual inflation rate of 5%. Of the inflationary rewards, 90% are allocated to validators, while the remaining 10% supports the protocol’s treasury. As of the end of Q4, approximately 95.12% of NEAR’s total supply was in circulation, with about 49.08% actively staked. The annualized nominal yield from staking was reported at around 8.95%, with a real yield of 4.55%, providing attractive incentives for holders to stake their tokens. NEAR enjoyed a surge in address activity and transaction volume during Q4. The average daily active returning addresses rose by 15.82% QoQ, reaching 3.55 million, while the average daily new addresses surged by 29.05% to 361,046. However, the protocol faced a decline in developer activity, with weekly active core developers decreasing by 13.95% to 159 and ecosystem developers falling by 30.34% to 129. NEAR Balances Market Setbacks With Promising Innovations NEAR’s DeFi total value locked (TVL) concluded Q4 at approximately $240.16 million, reflecting a 4.48% decline from the previous quarter. The Liquid Staking TVL also experienced a decrease of around 10.32% QoQ, settling at about $250.81 million. Notably, the LiNEAR Protocol’s TVL was approximately $132.41 million, down 8.77%, while Meta Pool’s TVL declined by 11.78% to around $111.70 million. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto On a positive note, NEAR’s average daily DEX volume reached approximately $8.45 million, marking a 25.40% increase from the previous quarter. Ref Finance emerged as the leading DEX on the platform, accounting for an average daily volume of $8.35 million. Q4 also saw an uptick in NEAR’s stablecoin market cap, which grew to about $683.69 million—an increase of 1.88% QoQ and a staggering 880.71% year-over-year (YoY). As of now, the NEAR’s price stands at $3.52, recording a substantial 10% surge in the past two weeks. Yet, still 82% below its all-time record high. Featured image from DALL-E, chart from TradingView.com
Near Protocol (NEAR) has registered a significant price loss in the past 24 hours. Following this decline, renowned crypto analyst Ali Martinez has identified certain price levels critical to a potential recovery. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? NEAR Must Reclaim $3.60 Support Level – Here’s Why According to data from CoinMarketCap, the price of NEAR has dropped by 2.98% in the last day forcing a fall below $3.40. In an X post, Martinez notes this price loss has caused the altcoin to dip below a parallel channel, suggesting bearish tendencies. On trading charts, a parallel channel is formed as the price moves within two parallel trend lines – one acting as resistance and the other acting as support as seen with $8.50 and $3.60, respectively on the NEARUSDT daily chart. When a price breaks out of this parallel channel, it signals a possible trend shift either bullish i.e. upward breakout above the upper boundary (resistance), or bearish i.e. breakout below the lower boundary (support). In the case of NEAR, its price has fallen below the support level signaling a potential downtrend. If this occurs, NEAR could slide as low as $1.5 suggesting a possible 55% on the coin’s current price. To invalidate this bearish postulation, Martinez states it is vital NEAR bulls reclaim and hold the $3.60 as support, building a bullish case for further price appreciation. If this positive scenario develops, Martinez predicts NEAR could reach a price target of $4.50 where some selling pressure may begin to develop. NEAR could also potentially rise to $5.50 which represents the mid-point of the parallel channel and strong psychological resistance level. Interestingly, the Relative Strength Index indicator (RSI) currently at 36.75 aligns with Martinez’s bullish prediction. An RSI at this level, trending in the upward direction, suggests much room for price growth before entering the overbought zone. Related Reading: Analyst Says Bitcoin Is ‘Primed For A Breakout’: Is BTC Heading For $150,000 Rally? NEAR Protocol Launches OmniBridge In other news, the development team behind the NEAR Protocol has unveiled OmniBridge, a cross-chain infrastructure. Among other functions, OmniBridge is designed to enable the seamless integration of NEAR-native assets across several blockchains. At the time of writing, NEAR trades at $3.38 reflecting weekly gains of 2.82% despite its recent dip. However, the coin’s general performance over the past month has been largely bearish with a reported price loss of 35.00%. However, with a market cap of $4.17 billion, NEAR continues to rank in the top 30 largest cryptocurrencies in the world. Featured image from iStock, chart from Tradingview
Wednesday morning's in line U.S. inflation data seemingly cleared the way for a Fed rate cut next week.
A recent report from research firm Messari provided an overview of the NEAR (NEAR) protocol’s performance during the turbulent third quarter (Q3) of 2024, when the broader cryptocurrency market experienced significant volatility. NEAR Protocol Q3 Performance Throughout Q2 2024, the crypto market saw a downturn that continued into Q3 for NEAR. The protocol’s circulating market cap fell to approximately $5.16 billion, reflecting a significant quarter-over-quarter (QoQ) decrease of about 27.52%. NEAR’s token price also retraced slightly, closing the quarter at around $5.29, a marginal decline of 0.21% QoQ. Despite these challenges, NEAR managed to maintain its position as the 17th largest crypto by market cap, indicating relative stability among leading digital assets. However, over the past three weeks, it has gained 54% in terms of market capitalization, rising to $7.99 billion amid the broader market rally led by Bitcoin (BTC) and the catalyst that was Donald Trump’s election. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 One of the notable aspects of NEAR’s Q3 performance was its revenue, which measures network transaction fees while excluding storage staking. Revenue dropped to approximately $1.64 million, marking a 30.13% decline QoQ. This dip is particularly significant as it represents the first quarter in the past year where revenue ended lower than it began. The report attributes this to a decline in transaction volume, which resulted in reduced transaction fees—down by approximately 10.48% QoQ and 34.23% year-over-year. As of the end of Q3 2024, about 93.46% of NEAR’s total token supply was in circulation, with 52.36% of that supply staked. The annualized nominal yield from staking stood at approximately 8.60%, while the annualized real yield was 4.09%. Despite the challenges in transaction volume, NEAR experienced an uptick in address activity. The average daily active returning addresses increased by 7.27% QoQ, and the average daily new addresses rose by 11.06%. TVL Rises, Liquid Staking Sees Increase The report also highlighted a concerning trend in developer engagement. NEAR saw a significant drop in its weekly active core developers, decreasing by 41.28% from 177 to 104. Similarly, the number of weekly active ecosystem developers fell by 19.70%, from 286 to 230. In terms of decentralized finance (DeFi), NEAR’s Total Value Locked (TVL) recorded a modest increase, ending Q3 at approximately $251.44 million, which is a 7.63% rise from the previous quarter. Related Reading: Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns Notably, NEAR’s liquid staking TVL also grew by 9.85% QoQ, reaching around $279.66 million. The LiNEAR Protocol accounted for a TVL of approximately $145.14 million, while the Meta Pool saw a 12.70% increase, totaling around $126.61 million. At the time of writing, the NEAR token is trading at $6.745 and has seen substantial gains of 27% and 46% in the fourteen and thirty day time frames respectively, while on a year-to-date basis it has seen a massive 266% surge. Featured image from DALL-E, chart from TradingView.com
While the market has rebounded following a poor start to the month in September, some altcoins are still struggling with the leftover bearishness. NEAR continues with the list of altcoins that keep up their losses even as the majors, including Bitcoin and Ethereum, recover from their respective slumps. According to CoinGecko, the token fell by 21% since last week despite the market’s 3%uptick today. Related Reading: SUI Crashes 23% As September Unleashes Market Panic—Is A Comeback Possible? Although NEAR is underperforming, developments on-chain continue to offset the market’s bearishness. One of the most notable developments on NEAR is Libre Capital offering tokenized real-world assets (RWAs) on chain, bringing institutional interest to the platform RWAs Create Buzz For The Protocol Libre Capital is a new crypto asset management firm supported by market giants like Brevan Howard, Hamilton Lane, and Nomura’s Laser Digital. It was founded four months ago and has since experienced huge upward momentum. According to Libre Capital Founder and CEO Avtar Sehra, Libre surpassed the $100 million asset under management mark, cementing the firm as one of the fastest-rising crypto asset management companies on the market. Libre has achieved many milestones since our MVP launch four months ago, surpassing our $100 million aum target and expanding to multiple chains. Launch on @NEARProtocol marks a crucial step towards our multichain wealth strategy. Learn more here: https://t.co/dGCqKENTXu — Avtar Sehra (@avtarsehra) September 2, 2024 NEAR and Libre’s partnership will enable NEAR users to access tokenized versions of RWAs. As of writing, users have access to Hamilton Lane’s credit Fund, Brevan Howard’s Master Fund, and Blackrock’s ICS Money Market Fund, bridging the gap between crypto and the traditional finance space. According to Sehra, the launch of Libre on NEAR is “a crucial step towards our multichain wealth strategy” which hints at future support for more blockchains other than NEAR. But for now, this development might help bring in more institutional investors on the platform. NEAR On Goldilocks Zone Trading Range As of writing, the bears experienced a strong rejection on the $3.8 price floor giving the bulls time to regroup and bounce. NEAR is now trying to stabilize between the $3.8-$4.3 trading range, allowing investors and traders to target $5.2 in the long term. Related Reading: Ripple Unleashes 1 Billion XRP: Could This Trigger A Price Tsunami? NEAR continues to experience a strong bearish momentum in the short term, but the bulls have since gathered enough momentum to cancel out the token’s decline. The problem now is when will NEAR have enough push to break through $4.3 in the medium term. The relative strength index (RSI) suggests that the token might experience a period of low volatility where the bears and the bulls will have an equally strong momentum. But after this, NEAR will have enough push to drive the bears out of the market, breaking through $4.3 in the medium term before settling on the $4.3-$4.7 trading range. However, this price movement is completely dependent on the broader market momentum. If Bitcoin and Ethereum continue to struggle, NEAR will have a lot of ground to retake if the bears succeed in breaking through $3.8. Featured image from Electromechanical Contractor Philippines, chart from TradingView