XRP Open interest on the CME Group has reached a new all-time high (ATH), presenting a bullish outlook for the altcoin. This further underscores the massive demand for XRP exposure among institutional investors, which could serve as a catalyst for higher prices. CME XRP Futures Open Interest Hit News ATH In an X post, the CME Group revealed that the XRP futures have hit an all-time high in open interest with over 6,000 contracts on August 18, just before their three-month anniversary. The derivatives platform further remarked that this development is a clear sign of growing conviction in the market. Related Reading: XRP On-Chain Activity Explodes By 500%, What’s Going On? Since launching in May, these CME XRP futures have seen over 251,000 contracts traded, a trading volume of $9.02 billion, and $12 million in their XRP equivalent. In July, these XRP futures set a record of $235 million traded in just one day. These futures products have enjoyed massive demand since they launched, underscoring the huge interest in the altcoin among traditional finance (TradFi) investors. This is bullish for the XRP price, considering that activity in the derivatives market also impacts price action. Meanwhile, Coinglass data also shows that traders are currently betting heavily on XRP in the derivatives market. The altcoin’s trading volume has surged over 142% to $16.46 billion. Open interest has surged 8% to $8 billion. Furthermore, the record highs in the CME XRP futures open interest indicate that the spot XRP ETFs will record massive demand among TradFi investors once they launch. The absence of a spot XRP fund for now has meant that these investors have to invest in the futures products and ETFs to gain exposure to the altcoin. The prospective XRP ETF issuers recently amended the S-1 for their respective funds, which market expert Nate Geraci described as a “very good sign.” The Altcoin Eyes Rebounds As Buyers Step In In an X post, crypto analyst CasiTrades stated that buyers have stepped in and that the next stop for the altcoin is $3.21. The analyst remarked that bullish momentum came across the market just as the XRP price dipped below the consolidation pattern. With this, she indicated that the altcoin is unlikely to retest $2.77 before it continues its uptrend. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation CasiTrades stated that the short-term path points to $3.21 as the next major resistance and not the previous $3.41 resistance target. She declared that the current momentum is very strong and expects only a brief pause at that resistance before the altcoin rallies higher. The analyst noted that the brief pause could lead to a retest of the top of the consolidation near $3.168. At the time of writing, the XRP price is trading at around $3.02, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
If spot prices match the current futures prices, Trump's personal stake in the project would be worth over $6 billion.
Breakout above $3 triggers five-fold volume spike as Fed policy shift and on-chain activity boost institutional flows.
Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world’s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome Powell signaled a possible shift away from the central bank’s long-standing hawkish stance. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch Bitcoin’s Crucial Defense Level At $104,000–$108,000: Data In an X post on August 22, Glassnode explains that Bitcoin’s UTXO Realized Price Distribution (URPD) suggests the $104,000–$108,000 range has emerged as a critical support zone, backed by significant investor activity. Notably, more than 1.15 million BTC were accumulated within this price band over the past year, creating a dense cluster of realized prices that may act as a strong floor for the market. For context, the URPD model tracks the distribution of Bitcoin’s supply across different price levels, effectively highlighting where coins last changed hands. Heavy accumulation within a narrow range often translates into robust support, as holders who bought at those levels are less likely to sell at a loss. Currently, Bitcoin is trading near $116,000 after a slight retracement following the price rebound on Friday. In the event of a further correction, prices are likely to retest the $104,000–$108,000 range, which currently holds the largest cluster of realized prices below the present spot market price, underscoring the importance of this support zone in the short-term outlook. Related Reading: Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals Powell’s Policy Shift Drives $300 Million To Bitcoin Futures Market In other developments, CryptoQuant analyst Darkfost reported a sharp surge in Bitcoin derivatives activity after Federal Reserve Chairman Jerome Powell hinted at a potential shift in monetary policy during his speech at the Jackson Hole Economic Symposium in Wyoming. Powell suggested that the Fed may be preparing to adjust its stance, citing the economy’s baseline outlook and evolving risk dynamics. The Fed Chair said: Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. Within 15 minutes of this speech, Darkfost noted that nearly $300 million flowed into Bitcoin futures products, pushing Binance’s BTC Open Interest to about $13.3 billion. The spike reflects investors’ positioning for potential interest rate cuts at the upcoming FOMC meeting in September after Powell’s hint of potential easing of the Fed’s monetary policy. At press time, Bitcoin trades at $115,850, reflecting a price gain of 2.25% in the past 24 hours despite recent gains. Featured image from iStock, chart from Tradingview
AAVE jumped 19% to $355.29, leading the top 40 cyrptocurrencies as investors weighed its Aptos expansion, Powell’s dovish tone and renewed focus on WLFI exposure.
In April 2023, a Bitcoiner going by the name of Breadman purchased a property for $496,000, which was equivalent to 22.5 BTC at the time. Fast forward to August 2025, and the property is now valued at $570,000, a respectable 15% gain in dollar terms. But here’s the kicker: priced in Bitcoin, his home is […]
The post Real estate’s quiet crash: your home is worth less than ever in Bitcoin appeared first on CryptoSlate.
The annual SALT Wyoming conference took place this week. Government officials said a lot the industry will like.
Lombard is attempting to make the world's original cryptocurrency into a more productive asset for DeFi functions
Brazil's 17.5% crypto tax signals a global shift as governments eye digital assets for revenue, ending the era of tax-friendly crypto investing worldwide.
XRP appears ready for a strong upward move. Recent developments, like the coordinated XRP ETF filings, rising approval chances, and the official end of the lawsuit, are fueling bullish speculation. Analysts are closely watching technical signals and suggest that the next move for XRP could be significant. XRP ETF Filings Gain Momentum After the official …
In the daily time frame, the ETC price has added around 14% today as the price has broken out of its downtrend by conquering the critical resistance level at $21. This breakout indicates a short-term positive momentum for Ethereum Classic. Now, traders as well as investors will be looking towards higher levels as technical price …
The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock has offloaded around $500 million in Bitcoin this week, with transfers to Coinbase, a move that indicates a move to sell these coins. The asset manager has sold these coins following outflows from its iShares Bitcoin ETF, which was the norm throughout this week. Related Reading: BlackRock’s Crypto Holdings Balloon As Bitcoin, Ethereum Reach For New ATHs — Here Are The Numbers SoSo Value data shows that BlackRock’s Bitcoin ETF first recorded a daily net outflow of $68.72 million on August 18. The fund then further saw net outflows of $220 million, $127.49 million, and $198.81 million on August 20, 21, and 22, respectively. Notably, the iShares Bitcoin ETF has accounted for most of the outflows, with the BTC ETFs as a group currently on a six-day streak of consecutive net outflows. These Bitcoin ETFs have seen total net outflows of almost $1.2 billion since August 15. Meanwhile, in just this week alone, over $1.1 billion has left these funds, sparking a bearish sentiment for the BTC price. Given BlackRock’s position as a major player in the Bitcoin ecosystem, outflows from its fund had sparked a wave of sell-offs. This led to a massive decline for the flagship crypto earlier in the week. The Bitcoin price had dropped to as low as $112,000 this week as BlackRock and other BTC investors took profit on their investments. This followed the flagship crypto’s rally to a new all-time high (ATH) of $124,000 last week. However, BTC has now sharply rebounded on the back of Jerome Powell’s Jackson Hole speech, in which he indicated that a rate cut might happen in September. An End To The BTC ETF Outflow Streak Notably, Powell’s speech was enough to spark fresh inflows into the Bitcoin ETFs on August 22, with BlackRock the only fund manager that recorded a net outflow on the day. Further data from SoSo Value shows that Cathie Wood’s Ark Invest recorded a daily inflow of $65.47 million, the most among the issuers on the day. Related Reading: Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000 Meanwhile, Fidelity, Van Eck, Franklin Templeton, Bitwise, and Grayscale recorded inflows of $50.88 million, $26.41 million, $13.51 million, $12.70 million, and $6.42 million, respectively. However, BlackRock recorded an outflow of $198.81 million, which led to a daily net outflow of $23.15 million for the funds as a group. With the Bitcoin price rebounding, these funds, including BlackRock’s IBIT, could return to witnessing significant daily inflows from next week. At the time of writing, the Bitcoin price is trading at around $115,900, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Corporate Bitcoin treasuries nearly doubled in H1 2025, but analysts warn some firms may be using crypto reserves as a short-term PR boost.
It’s been another big week in crypto, with central banks, regulators, and markets all making moves that could shape the months ahead. From record-setting rallies to new laws and fresh government experiments with digital assets, the markets are shifting fast. Missed any or all of it? Here’s your full catch-up. #1 Powell Hints at Rate …
The cryptocurrency market is showing signs of rotation as Bitcoin cools after recent highs, with traders shifting their focus to Ethereum and mid-cap tokens. Analysts note the shift is a familiar pattern in the early stages of altcoin season, often marked by capital rotation from Bitcoin into Ethereum and, eventually, the wider market. Ethereum’s position …
Ethereum-focused SharpLink’s stock climbed more than 15% to trade above $20 after the company’s board approved a $1.5 billion stock repurchase program. In its Aug. 22 press statement, SharpLink explained that the authorization allows for buybacks through multiple channels, including open-market purchases and privately negotiated deals. The company emphasized that the scale of repurchases will […]
The post SharpLink stock soars 15% after $1.5B buyback plan amid Ethereum market rally appeared first on CryptoSlate.
Japan is pushing for sweeping financial reforms as part of its goal to become an “asset management nation.” According to a report from Nikkei, the Financial Services Agency (FSA) is advancing proposals on tax reforms and reclassifying digital assets, potentially paving the way for cryptocurrency exchange-traded funds (ETFs). Japan Aims to Cut Crypto Taxes Japanese …
Recently, the AAVE price has posted an impressive rally this week, flipping the MVRV 30-day positive by surging nearly 30% from $275 to $355 on the daily chart. This move comes as AAVE crypto’s investor confidence grows, driven by fresh integrations with major projects, macroeconomic tailwinds, and strong on-chain fundamentals. Now, as momentum is strengthening, …
Arbitrum (ARB), one of the leading Ethereum Layer-2 scaling solutions, is witnessing a strong price rebound today. Trading around $0.59, ARB has gained nearly 18% in the past 24 hours, supported by rising trading volumes, a surge in on-chain activity, and renewed investor confidence in its ecosystem. With Ethereum showing strength near multi-year highs, the …
Ripple’s XRP is back in the spotlight as new speculation suggests Gemini may soon launch an XRP-linked Mastercard. Hints from Gemini have fueled talk of a possible XRP-branded Mastercard, coming just as the token’s price climbs past $3. With legal clarity, ETF hopes, and now hints of a real payment card, many believe XRP could …
Shan Aggarwal says the crypto industry is still underselling how fast and forceful the shift to the stablecoin standard will be, and how quickly AI will accelerate it.
Ethereum is entering a decisive phase in its bull cycle, pushing into fresh highs after finally breaking above its 2021 all-time high of $4,860. The move comes as bulls regained full control of the market following a remarkable 14% surge on Friday, marking one of the strongest single-day performances of the year. Related Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High The rally was ignited by remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium. In his speech, Powell hinted at a potential easing of US monetary policy, stating that restrictive conditions may no longer be appropriate as risks shift. The market reaction was immediate: within minutes, both equities and cryptocurrencies spiked sharply, with Ethereum leading the charge in the altcoin sector. At the same time, derivatives market data confirms the intensity of the move. Open Interest (OI) surged aggressively as traders piled into leveraged positions, reflecting renewed speculative appetite. The sudden influx of liquidity added fuel to Ethereum’s rally, pushing price momentum beyond its multi-year resistance level. With ETH now in uncharted territory, analysts see potential for continuation as long as OI expansion does not overheat into excessive leverage. The coming weeks will determine whether this breakout sustains or turns into another volatile correction. Ethereum Derivatives Signal Historic Momentum Ethereum’s breakout into new highs is being reinforced by extraordinary action in the derivatives market. According to top analyst Maartunn, at least $3.18 billion in new positions have entered Ethereum derivatives within just 24 hours, pushing Open Interest (OI) up nearly 10%. He described this as “insane stuff,” highlighting the scale and speed at which traders are positioning for the next move. This surge in OI indicates aggressive speculation, with investors betting on Ethereum’s momentum continuing after breaching its 2021 all-time high. While higher OI often fuels rallies by injecting liquidity, it can also create sharp volatility if leveraged positions unwind. Still, the magnitude of the inflows reflects growing conviction in ETH’s upside potential. At the same time, Ethereum’s Taker Buy Volume (hourly) has reached a multi-month high of $5.76 billion. This metric, which captures aggressive market buy orders, shows that demand is not just speculative but also immediate. Such strong taker-side activity often coincides with breakout phases, when bulls dominate both spot and derivatives markets. Related Reading: Bitcoin Bull Score Index Signals Fading Momentum: Room For Downside? Price Surges To Retest New Highs The 4-hour ETH chart shows Ethereum exploding higher, pushing above $4,800 after a sharp breakout from recent consolidation. This surge follows a bounce near the 100-period SMA (green line around $4,298), where bulls defended support aggressively before sending the price into a vertical move. Ethereum is now retesting its previous all-time high region around $4,860, with momentum signaling strong buying pressure. The 50-period SMA (blue line) is turning upward again, confirming a short-term bullish structure. Meanwhile, the 200-period SMA (red line around $3,994) remains comfortably below the price, showing the broader uptrend is intact. Related Reading: Bitcoin Retail Transfers Collapse: Lowest Since Bull Market Peak In 2021 This rally also broke through a series of lower highs formed during the recent pullback, suggesting that bearish control has faded. Volume spikes during the breakout add confidence to the strength of this move. If bulls sustain momentum, Ethereum could enter price discovery, targeting the $5,000 psychological level. However, if rejection occurs at $4,860, ETH may retest the $4,400–$4,500 support zone, where the moving averages converge. The chart highlights a critical phase: Ethereum either continues its breakout toward new highs or consolidates before another attempt. Bulls clearly hold the upper hand after this explosive breakout. Featured image from Dall-E, chart from TradingView
The crypto market has turned bullish again after U.S. Federal Reserve Chair Jerome Powell hinted at the possibility of an interest rate cut. His comments at the Jackson Hole event gave Bitcoin and Ethereum a sharp boost, while overall market sentiment moved into “Greed.” However, some traders now believe September could be a turning point …
Bitcoin recently slipped below $113K, sparking concerns that momentum in the current cycle might be cooling off. But the market found its footing quickly, with prices rebounding to around $117K after Fed Chair Jerome Powell hinted at the possibility of future rate cuts. This has injected a wave of optimism back into risk assets like …
Thai police have arrested a South Korean man accused of helping a call center gang launder over $50 million in crypto into gold.
Ethereum has overtaken Mastercard by market capitalization, climbing to the 22nd spot among the world’s largest assets. The jump follows a strong August rally, with ETH’s value boosted by rising demand and institutional interest. The milestone reflects crypto’s growing presence alongside traditional finance heavyweights. Rankings can change with market moves, but Ethereum’s momentum has clearly …
Market analyst Barri C has laid out what he believes will be the emotional journey of investors as XRP moves through major price milestones. His prediction is not on traditional tools like charts, candlestick patterns, or complex technical indicators. According to him, investors will go from laughing at the digital asset to feeling panic and then chasing it in fear of missing out. In the early stages, people often dismiss cryptocurrencies, claiming they have no real value. But as time passes and the XRP price climbs, that attitude will shift into doubt, regret, and finally desperation to buy in at any cost. Barri C: XRP Investors Will Laugh, Doubt, And Panic At $4, $10, And $100 Barri C says the first stage of investor reaction begins at $4. At this level, many people will mock XRP. They will joke about it being a “shit coin” and point out that the price has reached this level before. In their eyes, this is not a milestone worth noticing, so they laugh it off. Related Reading: Trump’s Pro-Crypto PAC Gets $21 Million Bitcoin Donation From Billionaire Founders The mood changes when XRP hits $10. Even though it is only a small step higher, it feels more serious because the number now has two digits. People begin to feel uneasy, but they still hold on to the belief that the coin will crash again. They convince themselves they will be able to repurchase it at a cheaper price later. The real shock, according to Barri C, comes when XRP reaches the $100 mark. At this point, a wave of realization hits investors who had dismissed or underestimated the token for years, as they suddenly recognize the scale of the opportunity they passed up. Panic begins to spread across the market as latecomers scramble to get in, while early critics are with deep regret for not taking action sooner, watching the price climb beyond what once seemed impossible. Why $1,000 XRP Could Trigger Mass Adoption According to Barri C, the most dramatic stage comes when XRP reaches $1,000. At this point, the fear of missing out, often called FOMO, takes control of the market. Everyone, from regular people to long-time critics, will feel desperate to own some XRP. Related Reading: Dogecoin Gets $153.8 Million Boost With This Latest Acquisition Even a fraction of a single coin will be as valuable. The demand will rise quickly as people rush in, not wanting to be left behind. For many, it will no longer matter how high the price has gone. The only thought will be to buy before it climbs even more. Barri C adds that this stage is also when XRP could be more than just a cryptocurrency, evolving into the backbone of a new global financial system that supports cross-border payments and institutional transactions. The mix of FOMO and belief in its role in finance would push people from all sides, from supporters, skeptics, and even haters, to grab a share. Featured image from Dall.E, chart from TradingView.com
One speech from Jerome Powell was enough to jolt the entire crypto market. At Jackson Hole, the Fed Chair confirmed that a September rate cut is “on the table,” and that single line lit up the charts. Ethereum broke into a new all-time high above $4,879, Bitcoin pushed past $117,000, and altcoins from Solana to …
The Bio Protocol (BIO) token has surprised the crypto market with a sharp rise. In the past 24 hours alone, it jumped more than 27%, and over the last month, the token has gained nearly 300%. This huge growth is not just by chance, it is linked to new product launches, big partnerships, and strong …
Ethereum stole the spotlight yesterday, soaring to a record all-time high. The surge follows Fed Chair Jerome Powell’s hint at a potential rate cut next month, a move that was widely anticipated by markets and investors. Let’s take a closer look at what drove this rally and how the experts reacted. Peter Brandt Reacts To …