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Sell the News? Verge Token Drops After Porn Partner Reveal
Verge's XVG token is fast losing altitude after today's Pornhub partnership announcement.
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Verge's XVG token is witnessing a classic "sell the news" trade.
The privacy-focused token ran into offers after the news hit the wires at 10:00 EST that Pornhub, the biggest website in the porn industry, would accept XVG as a mode of payment, officially putting an end to rumors of a breakthrough partnership that have been in the air since late March.
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Developers had been doing their best to fan the flames, billing the announcement as one of the biggest cryptocurrency collaborations to ever hit the market, and investors responded by pouring money into XVG (buy the rumor), pushing it higher by more than 300 percent in the last two weeks.
Now that the partnership is officially confirmed, however, the token is taking a hit possibly due to profit taking (sell the fact).
As of writing, XVG is changing hands at $0.07 on Bittrex - down 30 percent from the intraday highs. The price chart analysis indicates rally from the March 18 low of $0.023 has topped out and XVG risks bearish reversal.
XVG Daily chart
XVG has created a bearish outside day candle (today's high and low engulf previous day's price action), signaling a temporary top is in place at $0.11810955.
That said, only a negative close (as per UTC) on Wednesday, preferably below the ascending trendline, would signal bearish reversal/bullish-to-bearish trend change.
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- A bearish reversal would open up downside towards $0.03 (Feb. 6 low).
- A strong defense of the ascending trendline over the next few days would shift risk in favor of a re-test of $0.12 (today's high), although only a close above the said level would signal resumption of the bullish move.
Printing press image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus
Some investors have revived concerns that quantum computing could threaten bitcoin, but analysts and developers say recent price weakness reflects market structure.
Ano ang dapat malaman:
- Bitcoin’s recent price stagnation has sparked a renewed debate over quantum-computing risks, with investor Nic Carter arguing that quantum fears are already shaping market behavior.
- On-chain analysts and prominent investors counter that the slowdown is better explained by large holders taking profits and increased supply hitting the market around the $100,000 level.
- Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.
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