Ethereum has been the best performer amid the large-cap cryptocurrencies for the past 24 hours, wrapping up 7% gains in the interim and bringing its total weekly increase close to a whopping 20%. At the time of this writing, ETH is trading at around $4,200. Source: TradingView The move marks a major feat in ETH’s […]
Ripple’s native token, XRP, could be facing significant challenges, as recent on-chain data indicates a sharp decline in whale flows, which is typically considered a warning sign for significant price corrections. Large holders are unloading tokens at a pace not seen since February’s local top, raising concerns that the current consolidation above $2.70 may give […]
TL;DR XRP jumped by double digits after Ripple’s legal battle with the SEC officially ended. ADA climbed $0.80, with analysts eyeing breakouts toward $1.30, $1.60, or even $2.90 if bullish momentum continues. BTC briefly topped $117,500 before easing to $116,500, with historical trends suggesting further gains might be incoming. XRP Takes Center Stage Again Ripple’s […]
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program. NYDFS Probe Finds Paxos Lacked Oversight According to an August 7 press release, the terms of the […]
A new court filing on August 7 from the US Securities and Exchange Commission and Ripple Labs stated that both parties have agreed to dismiss their appeals. The move has brought official closure to one of the longest-drawn-out and most closely observed crypto lawsuits in history. In the joint stipulation of dismissal filed with the […]
Around 35,000 Bitcoin options contracts will expire on Friday, August 8, and they have a notional value of roughly $4.1 billion. This expiry event is smaller than last week’s, so it is unlikely to be enough to influence spot markets, which have started to recover following news in the US that Donald Trump has allowed […]
ADA found support at $0.70 and appears determined to reverse the downtrend. Key Support levels: $0.64, $0.70 Key Resistance levels: $0.77, $0.90 1. Buyers Return at Key Support Once the price landed on the 70 cents support, buyers returned. At the time of this post, ADA is at 75 cents and has good momentum to […]
This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum is fast approaching the key psychological level at $4,000. This comes after a good week where the price increased by 6%. This is the first time since 2024 when ETH is about to test this resistance. It would be […]
One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space. Even though the project’s results are significant, it can’t seem to return to its prior feats, and there are growing concerns about governance. More Room to Grow Matt Hougan, Chief Investment Officer at Bitwise, the largest provider of […]
TL;DR Shiba Inu is introducing its first-ever democratic process to appoint an interim president through a multi-phase election involving open nominations, debates, and final voting. Lead developer Shytoshi Kusama announced a shift toward community-led governance, encouraging SHIB whales to run for the position. The Elections Earlier this month, the popular meme coin project Shiba Inu […]