Deep Dive
1. Institutional Staking Adoption (Bullish Impact)
Overview: On 20 August 2025, CoreDAO and Hex Trust launched a dual-staking service for institutions in Asia-Pacific and MENA regions. Users can timelock BTC and stake CORE via Hex Trust’s regulated custody, earning 4–6% APY.
What this means: The partnership addresses institutional demand for compliant yield on Bitcoin, directly linking CORE’s utility to BTC’s $14B staking market. By requiring CORE staking to boost yields, the program creates buy pressure for the token.
What to look out for: Adoption metrics in Hex Trust’s licensed jurisdictions (e.g., Hong Kong, Dubai) and TVL growth in Core’s ecosystem, currently at $500M.
2. Technical Breakout Signals (Mixed Impact)
Overview: CORE’s price ($0.443) crossed above its 7-day SMA ($0.426), while the MACD histogram turned positive (+0.0021) for the first time since mid-August. The RSI-7 (54.21) suggests room for upside before overbought conditions.
What this means: Short-term traders may interpret the MACD crossover and SMA breach as a bullish reversal signal after CORE’s 30-day decline (-15%). However, resistance looms at the 30-day SMA ($0.460), a break above which could confirm momentum.
Key level to watch: $0.474 (Fibonacci 50% retracement level from July’s swing high).
Conclusion
CORE’s uptick reflects targeted institutional adoption via Hex Trust and technical traders capitalizing on oversold conditions. While the partnership strengthens CORE’s Bitcoin DeFi narrative, sustained gains depend on whether institutions meaningfully allocate BTC/CORE to staking.
Key watch: Will CORE’s 24h volume ($14.8M) sustain above its 30-day average ($10.3M) post-news?