Could XRP be one of the most misunderstood assets in crypto? According to Jake Claver, CEO of Digital Ascension Group (DAG), the answer is a strong yes. He believes there is one major factor people are missing that could send XRP’s price skyrocketing once institutions begin using tokenized assets in a big way. Claver spoke …
The White House may issue an executive order directing bank regulators to investigate debanking claims by crypto execs and conservatives, the WSJ reported.
SEC Commissioner Hester Peirce said developers of open-source privacy software should not have to answer for the actions of others using their software.
Bitcoin's long-term bullish sentiment has turned neutral as options market indicators show a shift in market sentiment.
The Base network faced an anomaly where the latest block stayed at height 33,792,704, with no new blocks produced for 19 minutes. OKLink also detected this issue. The Base blockchain’s official status page later confirmed the abnormal block halt was fixed at 14:44 (UTC+8). The network team is now keeping a close watch to ensure …
Acting CFTC Chair Caroline D. Pham has introduced a new initiative to enable spot crypto asset contracts to be listed on CFTC-registered designated contract markets (DCMs). This step is intended to clarify how retail crypto trading can take place using leverage, margin, or financing under current laws. The initiative aims to improve regulatory transparency and …
Barry Silbert has made a notable return to Grayscale Investments, the asset management company and crypto exchange-traded fund (ETF) issuer, as chairman, just weeks after the crypto asset manager filed confidentially for an initial public offering (IPO) in the US. Silbert, who founded Grayscale in 2013, takes over from Mark Shifke, who will remain on the board as the company prepares for its future as a publicly traded entity. This leadership transition also coincides with Grayscale’s plans to bring in independent directors to strengthen its governance. New Executive Team At Grayscale In a significant move to bolster its executive team, Grayscale has appointed four professionals with extensive backgrounds in traditional finance (TradFi). According to the firm’s announcement made on Monday, the new hires include Diana Zhang as Chief Operating Officer, Ramona Boston as Chief Marketing Officer, Andrea Williams as Chief Communications Officer, and Maxwell Rosenthal as Chief Human Resources Officer. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ These executives join Grayscale from firms such as Bridgewater, Apollo, Goldman Sachs, and Citadel, reporting directly to CEO Peter Mintzberg, who has been at the helm since last year. Mintzberg stated: This blend of institutional rigor and entrepreneurial drive shapes every aspect of how we operate at Grayscale, enabling us to deliver clients innovative investment strategies with the operating integrity they expect from a trusted partner. Silbert’s return comes at a critical juncture for the company, following a turbulent period marked by regulatory scrutiny. He stepped down as chairman in late 2023, just before the US Securities and Exchange Commission’s (SEC) ruling on spot Bitcoin ETFs, including Grayscale’s long-standing effort to convert its Bitcoin Trust (GBTC) into an ETF. Around the same time, Silbert’s parent company, Digital Currency Group (DCG), faced legal challenges from New York’s attorney general regarding the collapse of crypto lending company Genesis, and its connections to crypto exchange Gemini’s Earn program, with Silbert himself named in the lawsuit. Regulatory Headwinds In his statement following the announcement, Silbert expressed his enthusiasm about rejoining Grayscale, emphasizing his belief in the company’s direction and the team leading it. Silbert noted: When I founded Grayscale in 2013, we saw an enormous opportunity to pioneer a new model for accessing and investing in digital assets, and to build the operational infrastructure that investors would ultimately demand. Today, I continue to have deep conviction in the company’s long-term positioning and in the leadership team guiding it forward. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level Grayscale currently manages over $35 billion across a variety of crypto investment products, including spot Bitcoin and Ethereum ETFs, as well as diversified digital asset funds. Earlier this year, DCG reached a $38 million settlement with the US Securities and Exchange Commission over allegations of misleading investors through Genesis Global Capital, a subsidiary of DCG. The settlement adds to the ongoing regulatory challenges faced by DCG, as New York Attorney General Letitia James has also sued Gemini, Genesis, and DCG over a crypto lending program, alleging they defrauded over 29,000 New Yorkers while concealing $1.1 billion in losses. Featured image from Fortune, chart from TradingView.com
After an impressive run-up back in July, the Dogecoin price as suffered a slowdown, just like the rest of the market. With this, the bears seem to have reclaimed control once again, pushing Dogecoin deeper into loss territory after taking out an important position at $0.2. Nevertheless, the current decline seems to pale in comparison to the bullishness that continues to dominate among investors, with the expectations that this correction will be only temporary. Dogecoin Price Still Showing Signs Of Bullishness According to an analysis shared by crypto analyst KrissPax, the Dogecoin price may be down right now, but it is not out of the game. This is because the meme coin is currently the subject of a bullish formation as it travels down to retest a level that has previously led to a massive price surge in the past. Related Reading: Satoshimeter Shows Where Bitcoin Price Is In This Cycle The crypto analyst pointed out that the Dogecoin price is expected to fall below 30 on the 4-Hour RSI chart again, and historically, such a decline has led to a recovery. The last time that the RSI fell below 30 on the 4-Hour chart was back in June 2025, and what followed was an over 70% recovery in the next month. Using this historical performance, the Dogecoin RSI falling below 30 once again could end up registering a similar performance. The only difference this time around is that the prices are at different levels, which points to a major difference in where the highs of the uptrend will be. Last time the RSI was this low, the price was trading at the $0.14 level. This time around, the analyst explains that Dogecoin sitting at $0.2 means that there is a higher low. The good thing about the formation of higher lows is the fact that they often lead to higher highs. In the event of another 70% increase in price from here, Dogecoin could end up rallying as high as $0.34 before it loses steam. However, this would still put it at more than 50% below its all-time high of $0.74, which was hit back in 2021 and has remained the peak for the meme coin. Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why As for the performance of the altcoin so far this month, after closing the month of July with a 27.1% gain, Dogecoin has already begun to give some of the gains back to the market. Data from CryptoRank shows that the cryptocurrency is already down by 5.31% this month and climbing. This is not out of the ordinary, as the month of August has historically been one of the most bearish months for the Dogecoin price. In fact, if the trend holds, then DOGE investors could be looking at an average of -10% decline this month and a close in the red. Featured image from Dall.E, chart from TradingView.com
Class-action lawsuits against crypto-related firms are building up, with cases facing major firms such as Bakkt and Coinbase.
USDe’s supply has increased by 70%, while USDS’s supply has increased by 23% since the GENIUS Act was signed into law on July 18.
A colloquial narrative that “altseason” is imminent has weakened, with traders rotating capital back into majors or moving to the sidelines entirely.
BlackRock’s IBIT had an outflow of $292 million on Monday as Bitcoin continued to recover from weekend volatility.
Mantle’s (MNT) price has been displaying some of the strongest bullish actions since the start of the week. The token exhibited strong bullish momentum, climbing from $0.7 to above $0.9 in a few hours, indicating renewed interest among market participants. Moreover, the technicals and the chart patterns appear in favour of a breakout. This has …
The U.S. Securities and Exchange Commission (SEC) has issued updated guidelines classifying stablecoins. It has allowed certain USD-pegged stablecoins as cash equivalents. The development comes at a time when the SEC is formulating rules for crypto to modernize traditional finance in the nation. SEC Issues Interim Guidance on Stablecoins According to Bloomberg News, the SEC …
The White House is gearing up for a new executive order that could fine banks for “crypto discrimination.” If passed, it would be a big win for crypto firms seeking fair treatment. Currently, market sentiment is cautiously optimistic, with traders closely watching Bitcoin’s next move. The move, described as the biggest catalyst since the approval …
Litecoin has risen from the shadows of consolidation to lead the altcoin charge. Which hodlers view as a phoenix moment for the altcoin. Since yesterday alone, LTC price has added over 10.85% in gains, with the 7-day rally staying at 12.73%. Driven by increasing network activity, bullish ETF speculation, and key technical breakouts, LTC now …
Solana Mobile has begun shipping its Seeker crypto smartphone, broadening the Solana ecosystem’s mobile strategy with built-in wallets and token rewards.
After falling below a crucial support level, Bitcoin (BTC) is attempting to recover some of its lost ground. An analyst suggested that this week’s performance will be decisive for the cryptocurrency’s next trend. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest Bitcoin Loses Bull Flag Formation Over the weekend, Bitcoin lost its post-breakout range for the first time in three weeks, falling to a local low of $112,296 on August 3. The flagship crypto had been trading between the $114,000-$120,000 range since the early July breakout, hitting its all-time high (ATH) of $122,838 amid the rally. As July neared its end, BTC experienced some volatility, retesting the range lows twice over its last week. However, the cryptocurrency was unable to repeat its price recovery from the previous weekend, losing the crucial area on August 1. Rekt Capital noted that Bitcoin’s rally could be at risk, explaining that BTC has formed a bull flag in the weekly chart and held the pattern’s lows as support until the latest Weekly Close. Following its recent price action, the analyst considers that this week’s performance will be pivotal to see whether the pattern’s bottom, around the $117,200 area, will become a new resistance and confirm the breakdown, or if the flagship crypto’s price will recover the structure. According to the analysis, if the price can reclaim the structure, the correction would be considered a fake downside deviation before resynchronizing with the pattern. Meanwhile, turning the pattern’s bottom into resistance would be a bearish retest, confirming the breakdown, and potentially leading to a new retest of the $112,000 area as support. BTC’s Weekly Close To Determine Next Trend Rekt Capital also detailed that this week’s performance will determine the future of BTC’s second Price Discovery uptrend, which has technically started its fifth week. Depending on what happens to the Bull Flag (reclaim or a confirmation of the breakdown), we will know whether the Price Discovery Uptrend 2 will continue or whether BTC has experienced a very short PDU2 instead. Last week, the analyst retesting that the continuation of the Price Discovery trend could fail as BTC transitioned into weeks 5-7 of this phase. Historically, the second uptrend has started to slow down around Weeks 5-6, hitting its peak during this “Danger Zone.” If Bitcoin reclaims the Bull Flag and challenges new highs, then its second Price Discovery uptrend will progress according to its historical tendencies. However, if it fails to Weekly Close above the pattern’s bottom and confirms additional downside, the second Price Discovery uptrend would have ended in Week 2, much quicker than has historically been the case. Moreover, it would reveal that BTC has been in its second Price Discovery Correction, which “would be going completely against the grain of history.” Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The analyst suggested that macro-wise, Bitcoin still has plenty of time for a third Price Discovery uptrend. If the second phase has already ended, a final uptrend could overcompensate for the current uptrend’s underperformance. Previously, Rekt Capital asserted that what comes after the second uptrend would depend on how long the corrective phase takes, as a shot correction could allow for a third uptrend before the bear market. Featured Image from Unsplash.com, Chart from TradingView.com
Michael Saylor’s enterprise software company, Strategy (previously MicroStrategy), has made headlines once again with a substantial Bitcoin (BTC) acquisition, pushing its total holdings beyond 600,000 coins. The company purchased an impressive $2.46 billion worth of Bitcoin over the past week, marking its third-largest purchase by dollar amount since it began acquiring the digital asset five years ago. Bitcoin Acquisition At Record Prices Between July 28 and August 3, Strategy added 21,021 Bitcoin to its holdings, bringing its total to 628,791 tokens. At current market prices, the firm’s portfolio is valued at over $71 billion. Saylor has adeptly transformed his company from a traditional software provider into the leading corporate buyer of Bitcoin, utilizing innovative financial strategies to fuel these purchases. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ The latest acquisition was made at an average price of $117,526 per token, which is the second-highest price the company has ever paid, just shy of the $118,940 average from the previous month. Strategy is the largest corporate Bitcoin holder, according to data from BitcoinTreasuries.net. BTC mining company MARA Holdings is second with 50,000 coins, which highlights Saylor’s firm’s purchasing power. Notably, this position has not only solidified Saylor’s influence in the crypto space but has also inspired other public companies to adopt similar treasury strategies aimed at accumulating and holding digital currencies. These include Trump’s social media company, boosted by a new regulatory regime and legislation in the US aimed at positioning the country as the crypto capital of the world, a mission that President Donald Trump has advocated since his election campaign last year. Saylor’s Strategy Pledges To Protect Shareholder Value To fund these massive purchases, Bitcoin bull Michael Saylor has employed a mix of common and preferred share sales alongside debt instruments. Recently, the company launched its latest preferred stock offering, dubbed “Stretch,” in late July. In its second-quarter report, Strategy announced an unrealized gain of $14 billion, primarily driven by the recent rebound in Bitcoin prices and a new accounting requirement that necessitated the revaluation of its Bitcoin holdings. Saylor has also made a commitment to investors, stating that he will refrain from issuing new common shares at less than 2.5 times the company’s net asset value, except for covering debt interest or preferred dividends. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level This pledge comes in light of concerns raised by critics like Jim Chanos, who have expressed apprehension about the premium that Strategy’s Bitcoin holdings place on its share price and the numerous securities offerings the company has executed. Since its initial foray into Bitcoin, Strategy’s stock, MSTR, has skyrocketed over 3,000%, significantly outperforming Bitcoin itself and major stock indices such as the S&P 500 and Nasdaq 100. The company’s largest purchases occurred in November, totaling $5.4 billion and $4.6 billion, respectively, demonstrating Saylor’s aggressive strategy in the cryptocurrency market. However, on Monday, the firm did not disclose any further purchases, as it has commonly done over the past few months. Perhaps it is starting to reassess its direction with biweekly acquisitions. It remains to be seen what the firm’s next moves will be, as there have been no further official comments on the matter. Featured image from DALL-E, chart from TradingView.com
Trump is expected to sign an executive order targeting alleged debanking of crypto firms and conservative groups.
Despite technical resistance at $3.09 and short-term sell signals flashing, machine-learning forecasts continue to target upside toward $3.12 by month-end.
ETH rallied nearly 6% on Monday as BitMine reported another massive purchase of 208,137 ETH, boosting the total value of its ETH holdings above $3 billion.
After months of silence, the altcoin market is finally showing signs of life. The Altcoin Season Index has climbed from 34 to 50 in just a few weeks, a clear hint that momentum is building. Popular crypto trader VirtualBacon believes we may already be in the early stages of an altcoin season, even if it …
Acting CFTC Chair Caroline D. Pham has introduced a new initiative to enable spot crypto asset contracts to be listed on CFTC-registered designated contract markets (DCMs). This step is intended to clarify how retail crypto trading can take place using leverage, margin, or financing under current laws. The initiative aims to improve regulatory transparency and …
A draft of the order reportedly directs regulators to investigate if banks have violated any laws and threatens to fine firms involved.
A digitally generated avatar of Parkland victim Joaquin Oliver appeared on Jim Acosta’s show, prompting debate over the ethical use of AI.
Solana started a fresh increase above the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $160 and $162 levels against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Fresh Move To $180 Solana price started a decent increase after it found support near the $155 zone, like Bitcoin and Ethereum. SOL climbed above the $160 level to enter a short-term positive zone. The price even smashed the $162 resistance. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $182 swing high to the $155 low. There is also a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. It is close to the 50% Fib retracement level of the downward move from the $182 swing high to the $155 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Supported In SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $165 zone and the trend line. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $182.
Litecoin (LTC) price is at a pivotal point, trading just above the crucial $120 support zone after a strong breakout in recent sessions. The price action reflects mounting bullish pressure, but the real test lies in whether this level can hold amid increasing resistance. A successful defense of $120 could act as a launchpad for …
Strategy has amassed 60% of its total holdings since Trump’s election, with its third-largest dollar-value purchase last week.
As of 2025, Ghana is actively developing its cryptocurrency landscape. It is drafting roadmaps for creating licenses for crypto exchanges and platforms. The Bank of Ghana is establishing a dedicated unit focused on digital assets to manage the regulatory process. Before 2025, cryptocurrency was effectively illegal or unregulated in Ghana. The Bank of Ghana issued …