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UBS Taps Layer-2 Network ZKSync for Gold Tokenization Trial

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Swiss banking giant UBS has successfully tested its UBS Key4 Gold product on ZKSync, an Ethereum Layer-2 network.

This move highlights the increasing adoption of blockchain technology by traditional financial institutions seeking efficiency and security.

UBS Integrates ZKSync for Blockchain-Based Gold Trading

On January 31, ZKSync reported that UBS, which manages assets worth $5.7 trillion, is exploring how blockchain can streamline gold investments.

The test focuses on allowing the bank’s Swiss customers to purchase physical gold directly through a blockchain-based system while ensuring scalability, privacy, and interoperability.

UBS Key4 Gold enables retail investors to buy fractional gold shares, offering real-time pricing, deep liquidity, and secure storage. The product operates on the UBS Gold Network, a permissionless blockchain that connects vaults, liquidity providers, and distributors.

To optimize efficiency, UBS leveraged ZKSync’s Validium mode. It’s a zero-knowledge rollup solution that enhances scalability by storing data off-chain.

As part of the proof-of-concept, the bank deployed smart contracts on the Validium testnet to simulate the UBS Gold Network. These contracts facilitated gold token issuance and transaction processing.

“This PoC reflects UBS’ continued efforts to explore how blockchain can enhance its financial offerings and support its broader digital asset strategy. I firmly believe that the future of finance will take place onchain,” wrote Alex Gluchowski, inventor of ZKsync.

The testnet also enhanced privacy by restricting participants’ visibility to their transactions while maintaining verification mechanisms.

Additionally, it allowed stablecoin to merge with Ethereum, making gold token purchases more cost-effective and scalable.

Growing Institutional Interest in Blockchain Solutions

UBS’ test reflects a broader shift toward blockchain adoption in traditional finance (TradFi). The bank has previously explored tokenization by launching an Ethereum-based money market investment fund.

UBS’ Digital Assets Lead Christoph Puhr noted that tokenized securities hold great potential, but scalability, privacy, and interoperability remain hurdles. He highlighted that the ZKSync PoC showcased how Layer-2 networks and zero-knowledge technology can help address these challenges.

“This is another great example of how UBS collaborates with technology providers to stay at the forefront of innovation. Our PoC with ZKsync demonstrated that Layer 2 networks and ZK technology hold the potential to resolve these,” Puhr noted.

ZKSync co-inventor Alex Gluchowski echoed this sentiment while pointing out that these initiatives show that the future of finance is on-chain.

According to him, zero-knowledge technology would serve as a catalyst for innovation and provide a robust foundation for tokenized assets, which could accelerate Web3 adoption.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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VIRTUAL Price Plummets 15% as Correction Worsens

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VIRTUAL price is undergoing a sharp correction, dropping 58.7% in the last 30 days and 15% in the past 24 hours. Its market cap now sits at $1.23 billion, marking a significant decline as bearish momentum strengthens.

Technical indicators reflect this weakness, with ADX rising, confirming the downtrend, while BBTrend remains negative despite some improvement. As VIRTUAL continues trading below $2, the next move will depend on whether it can break resistance and recover or lose support and extend its decline.

VIRTUAL ADX Shows the Current Downtrend Is Getting Stronger

One of the leading AI agent tokens, Virtuals Protocol, has sustained a week-long decline driven by the latest DeepSeek hype. The token’s ADX (Average Directional Index) is currently at 22.5, rising from 15.3 just a day ago, indicating a strengthening trend.

The ADX measures the strength of a trend on a scale from 0 to 100, with readings below 20 signaling a weak trend and above 25 confirming a strong one.

Values between 20 and 25 suggest a transition phase, where momentum is building but not yet fully established.

VIRTUAL ADX.
VIRTUAL ADX. Source: TradingView.

With VIRTUAL in a downtrend, the rising ADX suggests that bearish momentum is intensifying. If ADX continues increasing above 25, it would confirm that the downward trend is gaining strength, making a recovery more difficult.

However, if ADX stabilizes or starts declining, it could indicate that selling pressure is weakening, potentially allowing the price to consolidate or reverse.

VIRTUAL BBTrend Has Been Negative Since January 20

VIRTUAL’s BBTrend is currently at -15.5, having remained negative since January 20, with a negative peak of -36.5 on January 30.

BBTrend (Bollinger Band Trend) is an indicator that measures trend strength and direction based on Bollinger Bands. Positive values indicate an uptrend, while negative values signal a downtrend, with more extreme readings suggesting stronger momentum in either direction.

VIRTUAL BBTrend.
VIRTUAL BBTrend. Source: TradingView.

Although still negative, VIRTUAL‘s BBTrend improved from -36.5 to -15.5. This suggests that the downtrend is weakening. If BBTrend continues rising toward neutral (0), it could indicate that selling pressure is fading, allowing for stabilization or potential recovery.

However, if the BBTrend turns lower again, it would confirm that the bearish trend remains strong, increasing the likelihood of further downside.

VIRTUAL Price Prediction: Will VIRTUAL Continue Trading Below $2?

VIRTUAL price is currently trading within a range between support at $1.77 and resistance at $1.99, with price movement showing signs of consolidation. If the $1.99 resistance is broken, it could signal the start of a stronger uptrend, pushing VIRTUAL toward $2.22 and $2.42 as the next key levels.

A resurgence in crypto AI agents hype could further fuel momentum, potentially leading to a recovery toward $3.14, a level not seen in recent weeks.

VIRTUAL Price Analysis.
VIRTUAL Price Analysis. Source: TradingView.

On the other hand, if support at $1.77 fails, VIRTUAL price could extend its downtrend, with $1.35 as the next major level to watch.

This would mark its lowest price since December 9, 2024, reinforcing bearish sentiment and making VIRTUAL even more distant from other AI coins, such as RENDER, FET, and TAO, in market cap.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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LTC Price Drops 7% Amid Key Support Test

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The price of Litecoin (LTC) has dropped 7% in the last 24 hours, bringing its market cap to $9.33 billion. Despite this decline, technical indicators show mixed signals. The RSI sits in a neutral zone, while Ichimoku Cloud suggests uncertainty around the altcoin’s next move.

The EMA structure for Litecoin remains bullish overall, but the shortest-term EMA is sloping downward. If the trend continues, this could lead to a death cross. With LTC at a critical point, a breakout could see it gain 14% to $141, while further weakness could push it down 14% to $106.

Litecoin RSI Is Currently Neutral

Litecoin RSI is currently at 49.5, down from 69.6 just two days ago. This indicates a shift in momentum as the price dropped 7% in the last 24 hours, even after recent positive developments in its ETF applications.

The Relative Strength Index (RSI) is a momentum indicator that measures price strength on a scale of 0 to 100. Levels above 70 indicate overbought conditions, and below 30 suggest oversold conditions.

A reading between 40 and 60 typically signals market consolidation, where neither buyers nor sellers have clear control.

LTC RSI.
LTC RSI. Source: TradingView.

With LTC now at 49.5 RSI, it sits in a neutral zone, suggesting neither strong bullish nor bearish momentum.

However, the sharp drop from near-overbought levels indicates weakening buying pressure. If the RSI trends lower toward 40, this could lead to further declines.

If it stabilizes or moves back above 50, it may signal renewed buying interest and potential price recovery.

LTC Ichimoku Cloud Shows Mixed Signals

LTC price is currently moving downward after failing to hold above the Tenkan-sen (conversion line), which is now sloping downward, indicating a weakening short-term trend. The Kijun-sen (base line) is relatively flat, suggesting that price equilibrium is being tested, and a stronger directional move may develop soon.

The price is approaching the Kumo (cloud), which serves as an important area for trend confirmation. Staying above it would indicate continued bullish momentum, while breaking below it could signal increased weakness.

LTC Ichimoku Cloud.
LTC Ichimoku Cloud. Source: TradingView.

The cloud (Kumo) ahead is green, suggesting that the broader trend remains positive, but the current price movement near the cloud’s edge signals uncertainty. If the Litecoin price finds support near the cloud, which is between $120 and $126, it could stabilize and attempt to regain strength.

However, if it moves into or below the cloud, it would indicate a loss of momentum and potential trend reversal. That happens because price action inside the Kumo typically represents consolidation or indecision.

LTC Price Prediction: A 14% Upside or Downside?

Litecoin’s EMA lines remain bullish, with short-term EMAs still positioned above the long-term ones. However, the shortest-term EMA is starting to slope downward, signaling weakening momentum.

If it crosses below the longer-term EMAs, it will form a death cross, a bearish signal that could lead to further downside. In that case, the LTC price may test support at $117.

If that level fails to hold, the price could extend its decline to $111 or even $106, marking a potential 14% drop from current levels.

LTC Price Analysis.
LTC Price Analysis. Source: TradingView.

On the other hand, RSI and the Ichimoku Cloud indicate that the overall bullish structure is still intact, meaning Litecoin could still recover its momentum.

If buying pressure increases and the EMAs maintain their bullish positioning, LTC could climb toward the $129 resistance level. A successful breakout above that level could push the price higher to $141, representing a potential 14% gain if momentum strengthens.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top 5 AI Coins Worth Watching in February 2025

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Artificial intelligence continues to be one of the most compelling narratives in the crypto market, driving interest in AI-focused projects. Despite recent corrections driven by the DeepSeek hype, several AI coins are showing bullish potential for February 2025.

Some, like Bittensor (TAO), have maintained their dominance, while others, such as GRIFFAIN and ARC, are closely tied to the crypto AI agents trend. Based on key support, macroeconomic factors, and resistance levels, these five AI coins are worth watching in the coming weeks.

Bittensor (TAO)

TAO is the third-largest artificial intelligence crypto, with a market cap of approximately $3.5 billion. Bittensor is an open-source protocol that aims to build a decentralized machine-learning network powered by blockchain.

Price Analysis for TAO.
Price Analysis for TAO. Source: TradingView.

TAO is down 18% in the last 30 days, bottoming at $362 on January 23, marking its lowest price since September 2024. This rebound highlights renewed investor interest as the AI crypto sector regains momentum.

If good momentum is back, TAO could test resistance levels at $459 and $495. If AI-driven enthusiasm intensifies, the price may extend to $522.

Conversely, if a strong correction takes place, a key support level at $420 must hold to prevent a potential drop back to $382 or $362.

GRIFFAIN (GRIFFAIN)

GRIFFAIN launched with strong momentum in December, riding the wave of the late 2024 crypto AI agent hype. As one of the hottest trends in the space, it quickly gained attention, fueling speculation and excitement around its potential.

Price Analysis for GRIFFAIN.
Price Analysis for GRIFFAIN. Source: TradingView.

The coin’s price and market cap surged, peaking at nearly $600 million on January 22. However, like other AI cryptos, it faced a steep correction. GRIFFAIN slumped almost 55% in the past week, with its market cap now at $197 million. This sharp decline reflects waning short-term enthusiasm.

If the hype around crypto AI agents returns, GRIFFAIN could rebound, targeting resistance levels at $0.218 and $0.31, with a potential climb to $0.4 or $0.45.

However, if bearish momentum continues, the price may test $0.17 and $0.149, with a risk of falling below $0.1.

AI Rig Complex (ARC)

ARC, like GRIFFAIN, is a Solana-based platform focused on AI agents. It provides frameworks for developers to create lightweight agents. It uses modular technology to develop scalable AI agents. This innovation positioned it as a key player in the AI-driven crypto narrative, attracting significant interest.

Price Analysis for Artificial Intelligence ARC.
Price Analysis for ARC. Source: TradingView.

The token saw a strong rally, reaching a peak market cap of $622 million on January 22 before entering a sharp correction. Over the past week, its price has dropped 38%, with its market cap now at $221 million.

A death cross recently formed on ARC’s EMA lines, contributing to a 23% drop in just 24 hours. If this bearish trend continues, the price could test support levels at $0.18 and $0.10.

However, a trend reversal could push ARC toward resistances at $0.279 and $0.348, with a potential rally back to $0.46.

Reploy (RAI)

Reploy is an Ethereum-based platform focused on developing LLMs for various applications, including personal chat, image generation, and assistants. Integrated with 40 different protocols, it launched its native token, RAI, at the end of December 2024.

Price Analysis for RAI.
Price Analysis for RAI. Source: TradingView.

Despite an initial surge that saw RAI peak at $13.2, the token has struggled, dropping 42% over the past 30 days. Its market cap now sits at $36 million, and it is currently trading at its lowest level.

For a recovery, RAI would need strong upward momentum to test resistance at $6.2 and potentially $8. However, without a sustained uptrend, it may continue to face challenges at current price levels.

COOKIE has been hit hard by the recent correction driven by the DeepSeek hype. The token’s price is down 53% in the last 30 days. It is currently trading at its lowest levels ever, struggling to regain momentum.

Price Analysis for COOKIE, Artificial Intelligence
Price Analysis for COOKIE. Source: TradingView.

Unlike GRIFFAIN and ARC, which focus on building AI agents, COOKIE is developing an analytics platform for AI coins, with 1,378 agents tracked.

It offers AI agent indexes that track market cap, attention, sentiment, and other key metrics, positioning itself as a data-driven player in the AI crypto space.

If COOKIE can reverse its downtrend, it could test resistance levels at $0.33 and $0.39. A breakout above those levels could push it toward $0.46, its highest price since January 22.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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