TL;DR Whales accumulated 900M XRP, pushing trading volume up 69% after Ripple-SEC settlement closed. Analysts say breaking $3.27 could lead XRP to $3.60, with $3.37 and $3.5 as stops. Support zone at $2.95 – $3.11 seen as ideal entry before targeting range highs or ATH. Whale Activity and Rising Volumes In the last two days,…
Although we’ve grown accustomed to seeing bull runs in crypto, the current rally feels extra special – because it’s driven not just by price action, but by a wave of groundbreaking pro-crypto developments happening outside the charts. Over the past month alone, the U.S. has unleashed a barrage of policy announcements, including: 401(k) Crypto Access…
Kazakhstan’s Financial Monitoring Agency (AFM) and National Security Committee (KNB) have uncovered an illegal crypto mining scheme that siphoned more than $16 million worth of electricity to mining farms. Kazakhstan Agencies Clamp Down On Illegal Crypto Mining According to a statement released today, Kazakh financial and law enforcement authorities dismantled a large-scale operation in East…
New York-based stablecoin developer Paxos Trust Company, has announced its intention to apply for a national trust bank charter in the United States, as reported by Reuters on Monday. Paxos Joins Ripple And Circle In Pursuit If granted by the US Office of the Comptroller of the Currency (OCC), the charter would empower Paxos to…
Ethena (ENA) has experienced notable growth in the cryptocurrency market, recording a 150% increase over the past 30 days and rising by 40% during the previous week. The explosive growth coincides with the protocol’s Total Value Locked (TVL) surpassing $10 billion for the first time, driven by surging adoption of its synthetic dollar, USDe, which…
Crypto asset investment products recorded net inflows last week, reversing two consecutive weeks of outflows, according to the latest data from CoinShares. The report showed that total inflows reached $572 million, with activity influenced by both macroeconomic data and regulatory developments. James Butterfill, head of research at CoinShares, noted that investor sentiment shifted significantly during…
Crypto-related exchange-traded funds (ETFs) now make up 10 of the top 20 ETFs in the overall market, launched since the beginning of 2024. This has come against a backdrop of good performance for these investment products so far in 2025. ETF Leaderboard According to an August 10 X post by wealth manager Nate Geraci, more…
BitMine Immersion Technologies Inc. shares jumped this week after a steep rally on Friday, and traders kept the momentum into Monday. According to company disclosures, BitMine reported holding 1.15 million ETH as of August 10, with that stash valued at $4.96 billion, up from roughly 833,137 ETH and nearly $3 billion just a week earlier….
Binance’s exchange token continues to thrive and post notable results. With strong backing from investors and institutions, coupled with social media engagement, it seems poised for new, uncharted territories. Surpassing Retail Giants BNB, the native token of the Binance ecosystem, has achieved an impressive feat by surpassing the market capitalizations of sports retailer Nike and…
Senator Elizabeth Warren is stepping up her call for strict cryptocurrency regulation, worried that industry-backed legislation can undermine consumer protections and weaken oversight. She is calling for measures that exclude corporate influence from policy-making and keep public servants from holding financial interests that could sway their decisions. Warren Rejects Industry-Written Rules In her recent remarks,…