Crypto traders are preparing for potential price declines in Bitcoin (BTC) and Ethereum (ETH) this August, with options data from Derive.xyz showing a clear tilt toward bearish positioning. Bitcoin bearish sentiment According to data shared with CryptoSlate, open interest in Bitcoin put options with an Aug. 29 expiry date is nearly five times higher than […]
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A bold forecast has stirred debate in crypto circles. Based on reports, a long-time investor known as Pumpius argues that XRP could one day trade at a whopping $1 million per coin! Related Reading: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone That’s a huge jump from its current price near $2. The prediction rests on the idea that XRP will become the main bridge asset in a tokenized global economy worth up to $1 quadrillion. Tokenization Efforts Gain Ground According to Pumpius, Ripple is quietly moving real-world assets onto its blockchain. A government-backed real estate token pilot in Colombia is already under way. Reports have disclosed that Ripple has rolled out massive network upgrades. Then, there’s also a $100 million commitment to tokenizing carbon markets, and partnerships with regulated companies. XRP’s Role As Bridge Asset Based on data from Boston Consulting Group and Citi, $16 trillion in real-world assets could be tokenized by 2030. But Pumpius believes that figure could swell when you add $300 trillion in global real estate, $100 trillion in stocks, and over $100 trillion in bonds, plus currencies and commodities. Tokenize the World: Why 1 XRP Could Be Worth $1,000,000 Sounds insane, right? Now read that again. What if every asset you’ve ever known — stocks, homes, currencies, oil, bonds, even carbon — was tokenized onto one blockchain? And what if XRP became the bridge for it all? This… pic.twitter.com/h6BbIcKKhw — Pumpius (@pumpius) May 16, 2025 In his view, that push could create a token economy worth $1 quadrillion. He sees XRP, with its three to five second settlement times and built-in decentralized exchange, as the obvious choice to move value between those tokens. A Network Built For Speed And Scale Reports have disclosed that XRP Ledger already supports an automated market maker and native multi-asset transfers. Pumpius said these features are more suited for high-volume transfers than Bitcoin’s design. He notes that with a total supply of 100 billion XRP—and much of it locked or burned—scarcity could boost prices if demand surges. Big Hurdles Ahead Despite the promise, challenges remain. Regulatory clarity is still a work in progress in many countries. Competing blockchains are chasing tokenization too. Legacy financial firms may hesitate before shifting trillions of dollars on-chain. And even if XRP becomes a dominant bridge, it would only need to handle settlement flows—likely a small slice of total tokenized value. Related Reading: Against The Grain: Analyst Targets $300K Bitcoin Price—When Will It Happen? Market Skepticism Persists Yet Pumpius insists the math holds. If XRP captures a fraction of daily flows in a $1 quadrillion token economy, a million-dollar price per coin follows. History shows radical price targets aren’t always impossible. Reports have pointed to early Internet skeptics who missed the web’s true potential. Whether XRP will hit seven figures or breach $3 is anyone’s guess. Featured image from Meta, chart from TradingView
The crypto derivatives market saw $351.86 million in liquidations in the past 24 hours, with Ethereum accounting for $108.88 million and Bitcoin $56.01 million. These liquidations followed a big intraday swing for Bitcoin and a relatively modest price move for Ethereum. BTC traded between $111,971 and $116,235 on Binance, closing at $114,291, while ETH ranged […]
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The auction deadline for the .pi domain, a Pi Network-based blockchain, was originally set to end on June 28, 2025, but later extended to September 30, 2025. The extension period is applied to provide the Pi community more time to innovate. However, it has raised some concerns among the network users. Pi Network Seeks to …
China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage.
Laser Digital secured the first regulated over-the-counter crypto options limited license under VARA’s pilot framework.
The ‘Crypto-Assets ETF’ is structured to track the performance of both assets simultaneously, providing a single-entry point for investors seeking crypto exposure.
After years of strict crypto bans, China is now quietly preparing to take its first big step toward stablecoins. The goal? To promote a yuan-backed digital currency and compete in the growing global stablecoin race. But behind this shift lies a deeper concern, the fear of capital leaving the country and the growing dominance of …
Crypto market analyst Ali Martinez is warning that XRP’s latest pullback could extend, citing a cluster of bearish signals across price, on-chain, and behavioral metrics. Why XRP Could Face A Deeper Correction In an X thread posted early Wednesday, Martinez opened with: “XRP may be headed for a deeper correction. Here’s why!” and pointed to a Tom DeMark Sequential sell signal on the three-day chart “right at the local top,” which he said “trigger[ed] the ongoing pullback.” His remarks follow a weekend note flagging $2.40 as the “next key support level to watch” after that three-day TD sell signal. Martinez expanded on market structure, arguing that while the $3.00 area has intermittently acted as support, historical accumulation patterns make $2.80 a temporary buffer, with “real support” beginning below $2.48—a zone he has mapped using on-chain positioning. Related Reading: XRP Price May Be ‘Controlled’ By This Market, Says Analyst He reiterated on Aug. 3 that “past accumulation behavior points to $2.80 as a temporary buffer for XRP, but real support begins below $2.48,” adding that the most consequential level on his dashboard remains $2.40. Independent coverage of his analysis echoed those thresholds, framing $2.80 as a light cushion with heavier demand pockets sub-$2.50. Flow data has added to the bearish case in the near term. Martinez said whales have offloaded over 720 million XRP, intensifying sell-side pressure in recent sessions; earlier, on Aug. 2, he specified that “whales have sold over 710 million $XRP in the past 24 hours!” That spike in large-holder distribution has been picked up by multiple market trackers and recaps over the past few days. He also flagged the Market Value to Realized Value (MVRV) signal turning sharply negative. “The MVRV ratio just flashed a death cross,” Martinez wrote, calling it “another sign that a steeper correction could be underway.” The post underscores the crossover as a warning of rising downside risk if short-term holders’ cost basis begins to overhang market value. While “death cross” language is more commonly associated with moving-average pairs, Martinez uses the term here to describe a momentum break in MVRV curves. Related Reading: XRP MVRV Flashes Death Cross: More Decline Ahead? The TD Sequential—a Tom DeMark-designed exhaustion model often used to anticipate trend reversals—has been central to Martinez’s view since late July, when he tracked a three-day “sell” print near the top of the latest rally leg. He has since framed the path of least resistance as lower unless the market can establish sustained closes back above the high-volume node near $3.00–$3.20, while on-chain profiles continue to privilege $2.48–$2.40 as the area of “real” demand. As he put it on Aug. 3: “The next key support level to watch is $2.40!” For now, Martinez’s roadmap rests on three pillars: an exhaustion sell on the 3-day TD Sequential, large-holder distribution in the hundreds of millions of XRP, and a bearish MVRV crossover, all of which he argues raise the probability of a deeper corrective leg toward the high-$2s and, if momentum deteriorates, the mid-$2s. Whether bulls can defend the shallower buffers near $2.80 may determine if XRP’s decline remains a garden-variety pullback or morphs into a larger reset toward his $2.40 magnet. At press time, XRP traded at $2.93. Featured image created with DALL.E, chart from TradingView.com
Former SEC chief of staff Amanda Fischer slammed the latest SEC guidance on liquid staking, sparking sharp backlash on social media.
Tron is currently changing hands at $0.3322, marking a slight 0.42% dip since yesterday and 1.08% drop over the past 7 days. While the movement may seem modest on the surface, several technical and on-chain signals are converging to shape TRX’s short-term outlook. With a market cap of $31.47 billion and daily trading volume surging …
The ETF, which bets against MSTR, has seen a net inflow of $16.3 million in the past six months, while its bullish counterpart has experienced significant outflows.
Investors’ appetite for risk seems to weaken as Bitcoin (BTC) signals weakness and altcoin traders capitulate. According to the latest edition of the Bitfinex Alpha report, BTC slipped below its three-week range floor near $115,800 late last week. On August 5, BTC tagged $112,722.10 in early trading hours, while also flipping former support into potential […]
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Changpeng Zhao has asked a court to dismiss FTX’s $1.8 billion lawsuit over a share buyback deal the bankrupt exchange claims was funded with misused assets.
The outage began at 06:07 UTC on Aug. 5, when the active sequencer fell behind due to congestion from on-chain activity, according to Base.
Three public companies increased their Solana holdings this week, as BitGo speculated that firms are buying Solana to stake it and earn rewards.
The crypto market is showing early signs of change. Bitcoin, which has led most of the market for years, is now starting to lose its dominance. This shift often means the start of an altcoin rally, where smaller coins rise faster than Bitcoin. An analyst has explained why now could be the time to stack some …
Something interesting is happening in Indonesia. The country is now exploring the idea of adding Bitcoin to its national reserves. A local group called Bitcoin Indonesia recently met with the office of Vice President Gibran Rakabuming Raka to discuss this bold move. They also proposed a plan for state-supported Bitcoin mining powered by renewable energy. …
Hyperliquid’s derivatives platform drove 35% of blockchain revenue in July, capturing high-value users from struggling Solana.
China’s Ministry of State Security has alerted the public that some foreign firms are using cryptocurrency token giveaways to collect people’s iris scans. Officials warn that sensitive eye data is sent overseas, posing a threat to both personal privacy and national security. They urge citizens to avoid sharing biometric details for token rewards, as stolen …
Co-founder and former CEO of Binance, Changpeng Zhao, has requested Delaware Bankruptcy Court to dismiss a $1.7 billion recovery lawsuit filed by FTX Trust. He said that the US has no right to come after him over the clawback claim. Changpeng Zhao Fires Back At FTX Bankruptcy Estate The defunct crypto exchange, FTX, filed a …
The Bitcoin price has rebounded once again after initially testing the waters with a crash to $112,000. This was spurred by profit-taking as the digital asset had risen to levels not seen before back in July 2025. However, this recovery does not mean that Bitcoin is completely out of the water, especially given the fact that it has retraced to a level that would be considered bearish at this point. Bearish FVG Could Send Bitcoin Price Crashing In an analysis, crypto analyst Kamran Asghar revealed that the Bitcoin retrace could only be temporary and short-lived as it has moved back into a bearish Fair Value Gap (FVG). This comes after a small bounce from $112,000 toward $115,000, with this bearish FVG lying between $114,000 and $115,500. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest This fair value gap had been created following the price crash from $118,000, suggesting that the Bitcoin price would be looking to fill it again. Additionally, this level acts as a major supply zone, meaning that bulls would have to turn up the buying if the Bitcoin price is to cross this level without issue. Given the fact that the bearish FVG and the supply zone are riding ahead of the cryptocurrency, it shows that there is a lot of resistance building at this level. Kamran suggests that the next move after hitting this supply zone would be a rejection from this level, leading to a further beating down of the price. How Low Could BTC Go? In the event of a hard rejection, the crypto analyst sees the Bitcoin price tumbling further downward into mid-July levels between $107,500 and $109,000. This would mean another 5% crash for the Bitcoin price before it is able to find support. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The silver lining of this possible crash is the fact that Bitcoin has major support at this level. Thus, Bitcoin bulls could stage a rebound using this level as the next lift-off point for a recovery. Due to this, the crypto analyst warns investors to keep an eye on the digital asset to see how it reacts at this level. Interestingly, at this time, the Bitcoin funding rate is still positive, Coinglass shows. What this means is that traders believe that the digital asset is still in a bull market, and more investors are betting on the price continuing to rise from here. However, the positive funding rate has seen some decline in the month of August, suggesting a slowdown among bulls. Featured image from Dall.E, chart from TradingView.com
Fundstrat managing partner Tom Lee said Bitcoin should hit $1 million “over time” and isn’t ruling out $250,000 for 2025.
The Smarter Web Company (SWC) has launched “Smarter Convert,” a $21 million, interest-free Bitcoin-denominated convertible bond fully subscribed by institutional investor TOBAM. The bond offers 98% downside protection if unconverted after 12 months and converts into equity at a 10% premium to the £1.95 reference share price. A forced conversion occurs if shares trade over …
Bitcoin has now dropped for six consecutive days, pushing the price down to around $112,000. Meanwhile, top crypto analyst Ali Martinez has spotted a worrying signal on Bitcoin’s chart. The RSI just dropped below its 14-week moving average, a pattern that previously triggered 24–26% crashes. If history repeats, Bitcoin could fall from $113K down to …
XRP is no longer just for traders. It is quietly becoming a go-to asset for corporate treasuries. Recent SEC filings reveal that more companies are adding XRP to their balance sheets, not for speculation but as a strategic financial move. Crypto legal expert Bill Morgan pointed out this growing shift. Flora Growth, a US company, …
Notcoin, the Telegram-based play-to-earn token, is once again under pressure. After showing signs of recovery, the token has shed nearly 7% in the past 24 hours, now trading at $0.001985. The trend remains majorly bearish with the market cap dipping to $197.24 million and volume spiking +17.64% to $30.24 million. This signals panic exits or …
Tom Lee, co-founder of Fundstrat and chairman of BitMine, has chosen Ethereum over Bitcoin as his top crypto bet for the current market cycle. Speaking on the “Coin Stories” podcast, Lee highlighted Ethereum’s growing institutional adoption, technical reliability, and rapid stablecoin growth. He described ETH as the “biggest macro trade” ahead, comparing its rise to …
Investors withdrew $196 million from U.S.-listed bitcoin ETFs on Tuesday, while pouring money into ether ETFs.
Bitcoin Indonesia said it recently pitched Bitcoin to the vice president’s office and discussed Bitcoin mining as a national reserve strategy.