XRP dropped over 11% from its July 17 high of $3.65 after Ripple co-founder Chris Larsen transferred 50 million XRP to several addresses. Blockchain sleuth ZachXBT reported that approximately $140 million worth of those tokens landed on centralized exchanges or off-ramp services. Chart Shows Clear On-Chain Correlation With XRP Price Drop The move sparked market…
xAI announced a new partnership with Kalshi, intending to bring Grok to the popular prediction market. The firm also teamed up with Polymarket in June, but this deal hasn’t materialized yet. So far, the announcement has not provided any specific details about the integration. But in an interesting twist, Grok rejected these claims, branding xAI’s…
Solana price recently surged past the $200 mark but has since corrected. It now trades around $185, down over 6% day-on-day. Much like Solana-based meme coins, Solana’s core token also appears to be in a short-term cooldown phase. But is this just a healthy dip before a bounce? Or are deeper losses brewing? On-chain activity…
While the GENIUS Act offers clear benefits, such as expanding global access to the US dollar through stablecoins, some of its restrictions paradoxically create new avenues for growth in other areas of the crypto industry. Specifically, the Act prohibits stablecoin issuers from paying interest to stablecoin holders. This limitation creates problems for institutions and sophisticated…
Pudgy Penguins (PENGU), a Solana-based meme coin, has been the only top-10 Solana meme asset to stay in profit over the past week. But recent data suggests the party might be winding down. The token posted a 31% gain over seven days, yet has dropped around 11% in the last 24 hours. Meanwhile, exchange flows,…
According to blockchain security firm Cyvers, crypto exchange WOO X suspended transactions after a hack stole $14 million of user funds. It’s unclear how this breach took place, but damage is apparently isolated to user accounts instead of company-affiliated wallets. So far, the exchange has been proactive in informing its users, quickly admitting that the…
Ethereum (ETH) continues to attract institutional interest despite a recent pullback in price. This week alone, more than $1 billion has flowed into ETH investment funds, which highlights growing institutional appetite for the asset. However, the coin’s price performance does not mirror this bullish investment activity. Despite the heavy inflows, ETH remains under pressure, largely…
Bitmine is planning to substantially expand its Ethereum holdings, taking a treasury of $2 billion to $4.5 billion with a major stock sale. The firm conducted a sales agreement with Cantor Fitzgerald to help enable this move. Many companies are making huge ETH investments at the moment, generating record inflows and surging prices. A new…
VINE token is up over 60% after Elon Musk teased resurrecting the eponymous short-form video app. It’s unclear if xAI will explicitly partner with Vine’s old team, but the meme coin community is feeling the hype. Even in the most bullish scenario for VINE, xAI’s new app would face stiff competition from TikTok, Instagram Reels,…
This week, the United Kingdom made headlines after reports revealed it was considering selling $7 billion worth of Bitcoin confiscated during a 2018 law enforcement seizure. The extra cash comes at a crucial time for the UK as it grapples with a fragile financial position. While the UK considers selling its seized Bitcoin, doing so…