TL;DR XRP breaks $3.50 resistance, confirming bull flag breakout with a $15 target on the weekly chart. MACD bullish crossover fuels momentum; Fibonacci levels point to $5.32 as the next resistance zone. SEC blocks XRP-inclusive Bitwise ETF after initial green light, raising concerns around altcoin ETFs. Weekly Chart Signals Breakout Ripple (XRP) has moved past…
Ethereum’s current rally has reignited talk of an incoming altseason, but not everyone is convinced the party will last. Market intelligence platform Santiment has warned that growing chatter about an altseason could signal an impending spike in volatility, citing historical patterns of market reversals following crowd euphoria. Signs of Altseason Emerge Over the past three…
SharpLink Gaming, a Nasdaq-listed company chaired by Ethereum co-founder Joseph Lubin, has increased its Ethereum (ETH) reserves by nearly 30% in a strategic treasury move. The company acquired 79,949 ETH between July 14 and July 20 at an average price of $3,238 per token, bringing its total holdings to 360,807 ETH. The acquisition comes amid…
TL;DR With crypto prices booming and assets charting all-time highs, certain high-profile wallets have started to move massive portions of their holdings. In one of the latest such transfers, Whale Alert noted that over $700 million worth of the third-largest cryptocurrency has been sent to another unknown wallet. 200,000,005 #XRP (700,609,232 USD) transferred from unknown…
After trading steadily downward for the first four months of the year, Ethereum has rebounded strongly and is currently up more than 65% over the last 30 days. The reason for this rip is “overwhelming demand” from exchange-traded products and corporate treasuries, said Bitwise chief investment officer Matt Hougan on X on Wednesday. The executive…
Tron founder Justin Sun will join the next Blue Origin crewed flight, the company announced Tuesday. He is the latest high-profile figure to board Jeff Bezos’ New Shepard rocket. Sun won the first New Shepard seat in a 2021 auction with a $28 million bid that funded 19 space-focused charities, but couldn’t attend the July…
The global asset manager has taken a surprising step by shuffling some of its assets under management. Meanwhile, ether has been experiencing significant institutional demand, driven by the growing popularity of companies focusing on building ETH treasuries. Restructuring of Assets The CEO and founder of investment management firm ARK Invest, Cathie Wood, has shifted the…
The U.S. SEC Chair, Paul Atkins, recently discussed Bitcoin and crypto in general while making some bullish statements for the industry. He again affirmed his commitment to providing a regulatory-friendly environment for the industry. Paul Atkins Talks Bullish on Bitcoin and Other Cryptos In a CNBC interview, Paul Atkins remarked that Trump’s signing of the…
JPMorgan is reportedly looking at offering loans backed by customer-held crypto assets, such as Bitcoin (BTC) and Ethereum (ETH). If implemented, it would mark a major shift for CEO Jamie Dimon, who once called Bitcoin a “fraud” and predicted it would collapse. Crypto-Backed Loans Could Start Next Year The Financial Times revealed that the bank…
Crypto-based predictions marketplace Polymarket, has secured a deal to return to the US market shortly after federal regulators concluded their investigation into the company. The New York-based platform, known for enabling users to wager on various political and social outcomes such as the past US presidential election, has acquired QCX, a lesser-known derivatives exchange and…