Traders are monitoring whether DOGE can stabilize above $0.198 or face further downside toward $0.185.
OpenAI's potential valuation surge highlights the intensifying competition for AI talent and the strategic maneuvers shaping tech industry dynamics.
The post OpenAI could reach $500 billion valuation in new stock deal for staff appeared first on Crypto Briefing.
The performance of altcoins this week suggests “rapid derisking across the high-beta segments” of the crypto market.
XRP price struggled to continue higher above the $3.10 zone. The price is trimming gains and might decline below the $2.90 support. XRP price is correcting gains from the $3.10 zone. The price is now trading below $2.980 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3.060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.880 zone. XRP Price Dips Again XRP price struggled to continue higher above the $3.10 resistance zone, like Bitcoin and Ethereum. The price formed a short-term top and started a fresh decline below the $3.00 level. There was a break below a bullish trend line with support at $3.060 on the hourly chart of the XRP/USD pair. The pair dipped below the 23.6% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. The bulls are now active near the 50% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. On the upside, the price might face resistance near the $2.950 level. The first major resistance is near the $3.00 level. A clear move above the $3.00 resistance might send the price toward the $3.0650 resistance. Any more gains might send the price toward the $3.10 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be near the $3.20 zone. More Losses? If XRP fails to clear the $3.00 resistance zone, it could start another decline. Initial support on the downside is near the $2.920 level. The next major support is near the $2.880 level. If there is a downside break and a close below the $2.880 level, the price might continue to decline toward the $2.810 support. The next major support sits near the $2.750 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 and $2.880. Major Resistance Levels – $3.00 and $3.10.
A new advisory from China's Ministry of State Security highlights what it calls national security risks based on foreign firms collecting biometric data under the guise of crypto giveaways.
A quant has explained how altcoin inflows into cryptocurrency exchange Binance might act as a leading indicator for the market. Spikes In Binance Altcoin Inflows Tend To Precede Corrections In a CryptoQuant Quicktake post, an analyst has talked about the trend in the altcoin exchange inflows going to Binance. The indicator of relevance here is the “Exchange Inflow Transaction Count,” which measures, as its name suggests, the total number of deposit transactions that investors are making to a given centralized exchange. Related Reading: Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm Below is a chart for the indicator that shows the trend in the altcoin deposits occurring on the various exchanges. As is visible in the graph, the altcoin Exchange Inflow Transaction Count peaked on all exchanges right before both the 2024 market tops, implying that deposit activity intensified on the platforms. Generally, investors transfer their coins to exchanges when they want to sell, so spikes in exchange inflows can lead into bearish price action. This appears to be what happened in these two instances. Interestingly, during the latest market drawdown that has occurred over the past few days, inflows on only one exchange have seen a spike: Binance. There have also been other instances in the past where this pattern developed. “Spikes in Binance inflows (represented by the purple area) frequently precede downward price movements or market corrections,” notes the analyst. The quant has also explained that Binance is not only the largest exchange in the sector in terms of trading volume, but also a hub for altcoin activity from both retail and institutional entities. As such, investor behavior on the platform can be quite relevant for the wider market. Speaking of alts, CryptoQuant has shared a few new indicators that can be used to track smart money. One of these is the Average Order Size, which differentiates between futures buy orders by their scale. The above chart shows the indicator’s data for Hyperliquid (HYPE). It would appear that whale-sized buy orders appeared when the altcoin was trading around $11 earlier in the year. Since then, its price has climbed to $39. Related Reading: Bitcoin Neutral Sentiment Didn’t Last Long: Investors Already Greedy Again Another indicator is the Retail Activity Through Trading Frequency. This one is the opposite: it points out periods of elevated activity from the small hands. From this graph, it’s apparent that overheated periods of retail interest coincided with price highs in Gala (GALA). ETH Price At the time of writing, Ethereum is trading around $3,600, down more than 4% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Federal agents seized plans to skirt export laws using false documents and shipments to Singapore and Malaysia.
ice action accelerated at 14:00 when XRP fell from $3.04 to $2.97 on a 169.41 million volume surge — over 3x its 24-hour average of 52.73 million — establishing $3.04 as interim resistance and validating $2.93 as a local support floor.
While the Chinese authority did not name the project, the description appears to be a reference to World, formerly known as Worldcoin.
As the Ripple vs SEC legal battle nears its next important deadline on August 15, questions and rumors are once again flooding social media. Is Ripple already in the clear? Has the company quietly paid its $125 million fine and dropped the appeal? One social media user recently claimed that Ripple had already paid the …
Ethereum price found support near the $3,400 zone and recovered. ETH is struggling to settle above $3,700 and might dip once again. Ethereum started a fresh increase above the $3,440 and $3,500 levels. The price is trading below $3,620 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,500 zone in the near term. Ethereum Price Dips Below $3,600 Ethereum price started a fresh increase from the $3,365 support zone, beating Bitcoin. ETH price was able to recover above the $3,400 and $3,500 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $3,877 swing high to the $3,369 low. The bulls even pushed the price above the $3,700 resistance zone. However, the bears remained active near the $3,750 zone. The 61.8% Fib retracement level of the downward move from the $3,877 swing high to the $3,369 low acted as a resistance. The price started another decline below $3,700. There was a break below a key bullish trend line with support at $3,620 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,600 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,620 level. The next key resistance is near the $3,700 level. The first major resistance is near the $3,750 level. A clear move above the $3,750 resistance might send the price toward the $3,820 resistance. An upside break above the $3,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,620 resistance, it could start a fresh decline. Initial support on the downside is near the $3,550 level. The first major support sits near the $3,510 zone. A clear move below the $3,510 support might push the price toward the $3,420 support. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,550 Major Resistance Level – $3,750
Ethereum’s price has experienced moderate declines over the past week, dropping around 5% after a period of notable gains in previous months. At the time of writing, ETH is trading near $3,633, fluctuating between the $3,500 and $3,700 range over the past day. This price movement follows a broader market cooling, with many traders engaging in profit-taking after Ethereum’s earlier upward trend. Recent on-chain and derivatives market data suggest that Ethereum may be heading into a consolidation phase. Related Reading: Ethereum Price Battles Key Levels – Will Buyers Step Back In? Derivatives Market Data Signals Selling Pressure CryptoQuant analyst Darkfost shared an outlook indicating increased selling pressure and potential short-term weakness in the ETH futures market. The analyst highlighted that despite several attempts to breach the $4,000 resistance level, Ethereum has yet to break through, indicating possible market hesitancy at current levels. Darkfost emphasized that the behavior of the futures market has shifted notably over the past few weeks. According to data from Binance, Ethereum’s taker buy/sell ratio has dropped to 0.87, one of the lowest levels observed this year. A ratio below 1 typically indicates that sell orders are dominating over buy orders, suggesting that traders are either closing long positions or opening shorts. The analyst noted that this trend began around July 18 and has remained mostly negative since then, limiting upward momentum. Additionally, the seven-day and 30-day simple moving averages (SMAs) have started to trend downward, which could be a sign of slowing market momentum. Binance continues to hold the largest share of ETH futures open interest among exchanges, making sentiment on this platform particularly influential. With sellers currently exerting more control, the data suggests a potential continuation of this consolidation phase until buying activity strengthens. Mixed Views on Ethereum’s Longer-Term Outlook While near-term market data points to a challenging period for Ethereum, some analysts maintain a positive longer-term outlook. A recent post by Titan of Crypto, a well-followed market commentator on X, projected a potential price target of $8,000. According to Titan of Crypto, Ethereum’s price structure is forming a large monthly triangle pattern that could eventually lead to a breakout, opening the way toward a significant rally. Related Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It This bullish view aligns with other optimistic forecasts on X, where traders speculate that Ethereum could revisit or surpass its previous all-time highs once key resistance levels are cleared and broader market demand returns. $ETH below $4,000 is a steal. Institutional accumulation, supply crunch, network activity; you name it, and #Ethereum has everything. The rally above $10,000 this cycle will be epic. ???? pic.twitter.com/26YTa3lQn8 — Ted (@TedPillows) August 4, 2025 However, for now, the lack of strong futures buying activity and persistent selling pressure in derivatives markets appear to be capping short-term gains. Featured image created with DALL-E, Chart from TradingView
The dismissal motion could impact future cross-border legal strategies in crypto disputes, highlighting jurisdictional complexities and procedural nuances.
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XRP has recently shown some strong short-term moves. A crypto analyst has warned that despite a few temporary price bounces, XRP may still be facing a larger bearish trend in the weeks ahead. On the weekly chart, XRP is now confirming a “bearish divergence,” which is when the price forms higher highs but the Relative …
Bitcoin price is struggling to recover above the $116,200 zone. BTC is now consolidating and might decline further below the $112,500 zone. Bitcoin started a fresh decline from the $115,500 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $114,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $115,500 resistance zone. Bitcoin Price Faces Resistance Bitcoin price found support near the $112,000 zone and started a recovery wave. BTC was able to climb above the $113,200 and $114,000 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $118,918 swing high to the $112,000 low. However, the bears were active near the $115,500 resistance and the price struggled to continue higher. The 50% Fib retracement level of the downward move from the $118,918 swing high to the $112,000 low acted as a resistance. Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average. There is also a bearish trend line forming with resistance at $114,400 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $114,000 level. The first key resistance is near the $115,000 level. The next resistance could be $115,500. A close above the $115,500 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $118,000 level. The main target could be $120,000. Another Decline In BTC? If Bitcoin fails to rise above the $115,000 resistance zone, it could start another decline. Immediate support is near the $113,200 level. The first major support is near the $112,500 level. The next support is now near the $112,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,600, followed by $112,000. Major Resistance Levels – $115,000 and $115,500.
Fischer’s claim that liquid staking could trigger a Lehman-style collapse sparked ire from crypto leaders, who say the risks are overstated.
In his August 5 “Macro Monday” livestream, crypto analyst Josh Olszewicz delivered a review of the market’s late-summer state, arguing that while Bitcoin’s price action has gone quiet, the broader cycle remains intact. “We’re in this pocket of seasonal weakness for August and September that we typically see most years,” he explained, pointing to seasonality charts showing that historically, Bitcoin underperforms in this time window. “It’s a high likelihood that August and September is a giant nothing burger,” he added. Is The Bitcoin Bull Run Over? At day 978 of the current cycle, the question many investors are asking, Olszewicz noted, is simple but existential: is the cycle already over? Will it end this year? Or is there more upside ahead? His answer leaned cautiously optimistic. “I’m in the ‘probably not over yet, could continue’ camp,” he said. “But we will have to see what happens in Q4. Ultimately, that’s going to determine it.” From a technical standpoint, the analyst sees no reason to declare the top is in. “Technicals still look fine. Price still looks okay. We had a pullback. All that is fine,” he said, emphasizing that Bitcoin has not yet exhibited the typical parabolic advance associated with major tops. Nor have other macro or on-chain metrics shown signs of terminal overheating. “We don’t have other metrics screaming from the rooftop saying it’s time yet.” Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ However, the short-term setup is underwhelming. After a cup-and-handle breakout that briefly pushed price toward the $122,000–$123,000 region, momentum faded. Olszewicz doubts such levels can be reclaimed soon: “In the next two weeks we’ll know if we can start to creep back towards $120,000, which is asking a lot admittedly for August.” The wildcard, he said, is ETF flows. “Do we see ETF flows for any reason? Then do we see treasury companies continuing to buy? Those are the marginal buyers right now.” He suggested that ETF buyers could return due to a combination of underweight positioning, opportunistic dip-buying, and monthly rebalancing dynamics. Still, he remains neutral overall. “Just a general softening of any bullishness we may have had,” he said. “Now it’d be a different story if this is October and we’re seeing this. That’s not normal.” A further reason for caution is the collapse in futures basis across major assets. “Premium is all the way down to under 7% on BTC. It’s under 8% on ETH. And I think SOL is a little more illiquid, but even SOL is way down—15% from 35%,” he noted. That contraction in futures premiums, typically a sign of speculative demand drying up, reflects a broader risk-off mood. “Not a lot of bullish sentiment, not a lot of craziness,” Olszewicz observed. Related Reading: Is Bitcoin Losing Steam? Analysts Warn of Fragile Market Support On-chain risk metrics confirm the trend. “There’s a decline here in risk appetite,” he said, referring to metrics like unrealized profit versus MVRV. He added that if Bitcoin were to enter a parabolic advance, “you will see this metric shoot up… But what’s it going to take?” Q4 Or Bust He floated a few possibilities: rate cuts, weakening Fed independence, or perhaps just seasonal strength and macro chaos in Q4. But for now, he advised traders to “take it easy on the 50X leverage,” especially those who’ve already made significant gains this cycle. “Do I need to put risk back on? Do I need to be as risky as I was earlier?” he asked rhetorically. “Or does it make more sense to be less risky here?” From a macroeconomic perspective, the picture is mixed. Inflation data from Trueflation remains low—currently at 1.65%—but Olszewicz warned that new post–August 1 tariffs may raise prices in the months ahead. “We are adding inflationary pressures with tariffs, no doubt about it,” he said, though the effect will take time to appear in the data. Meanwhile, core PCE is headed in the wrong direction, and the Atlanta Fed’s GDPNow model is printing 2.1% growth for Q3—hardly recessionary, but not robust either. Labor market data continues to cloud the outlook. “If we account for a non-collapsing labor force participation, we could be as high as 4.9% on the actual unemployment rate,” Olszewicz warned. “And we’re continuing to see a degradation in job availability for manufacturing,” particularly in “Heartland Rust Belt types of jobs.” Liquidity dynamics are also in flux. He drew attention to the draining of the Fed’s reverse repo facility—once a $2 trillion reservoir of sidelined capital—which has supported risk assets through 2023 and 2024. “As this gets drained closer to completion, there’s a potential likelihood for liquidity hiccups and a liquidity intervention by the Fed,” he said. Importantly, this has kept overall US liquidity flat, offsetting quantitative tightening. “Despite QT, the drain of the reverse repo has offset QT, and US liquidity by this metric has been basically flat since 2022.” What changed the game, Olszewicz said, was not liquidity per se, but the launch of spot Bitcoin ETFs. “That has really been, in my opinion, a big difference maker,” he explained. “We got ETF approvals here, ETF started trading here, and the rest is history as far as flows are concerned.” In conclusion, Olszewicz emphasized that while the broader risk appetite has declined and price action remains dull, there is no evidence yet that the Bitcoin cycle has topped. “The cycle’s probably not over,” he said. “It’s just sleeping—and Q4 will ultimately determine whether it wakes up.” At press time, BTC traded at $113,041. Featured image created with DALL.E, chart from TradingView.com
Indonesia's engagement with Bitcoin could enhance economic resilience, but rising crypto taxes may impact adoption and investment dynamics.
The post Bitcoiners present Saylor’s Bitcoin thesis to Indonesia’s VP office appeared first on Crypto Briefing.
Base blamed a 33-minute outage on Tuesday on an unprepared sequencer. The blockchain team said it would update the infrastructure
As crypto equity markets become overcrowded and illiquid, Architect bets on building a Moody's-like credit rating system to unlock new pools of institutional capital.
BitBridge will begin trading under the ticker symbol BTTL by the end of Q3, with plans to uplist to the NASDAQ thereafter.
Changpeng Zhao has asked a US bankruptcy court to dismiss claims in a lawsuit filed by FTX's bankruptcy estate.
XRP has surged an impressive 35% over the past month, currently trading at $3.05. This bullish momentum is fueled by growing institutional interest, massive whale accumulation, and a long-anticipated regulatory breakthrough in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). Related Reading: Against The Grain: Analyst Targets $300K Bitcoin Price—When Will It Happen? Investors are increasingly optimistic ahead of the SEC’s expected status report on August 15, which may finally end Ripple’s multi-year lawsuit. This outcome could unlock a flood of institutional adoption and pave the way for XRP spot ETF approvals. With whale wallets scooping up over $60 million in the token recently, market sentiment is turning decisively bullish. Whale Activity and ETF Buzz Signal Institutional Confidence XRP isn’t rallying alone as Institutional capital has flowed heavily into Ethereum and XRP over the past few weeks, according to CoinShares. XRP-related investment products saw $31.26 million in inflows, while whale trackers confirmed large transactions, including a single 20 million transfer from Upbit worth over $60 million. Additionally, anticipation is mounting over potential XRP ETF approvals. The SEC has set an October 17 deadline to rule on several XRP spot ETFs, and a recent policy shift enabling in-kind redemptions has eliminated key logistical barriers. If approved, these ETFs could dramatically reduce the token’s circulating supply and fuel further price appreciation. XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview Can XRP Reach New All-Time Highs in 2025? Beyond legal clarity and ETF speculation, the token’s real-world utility is gaining traction. Its recent integration of an Ethereum-compatible sidechain opens the door for DeFi developers to launch dApps on the XRP Ledger using XRP for fees. Moreover, the XRPL now hosts one of the largest tokenized U.S. Treasury bill products, signaling its growing role in asset tokenization. Related Reading: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone While $100+ price predictions remain highly debated, the token’s bullish structure and ecosystem expansion offer a compelling long-term thesis. Technical indicators remain cautiously optimistic, and analysts suggest $3 may be the last ideal entry point before the next leg up. With regulatory momentum, whale interest, and real-world use cases converging, XRP may be poised to break out even higher in Q3 and beyond. Cover image from ChatGPT, XRPUSD chart from Tradingview
BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP’s global institutional use.
The platform's resurgence can be attributed to the renewed momentum of its native token, PUMP, one analyst said.
Institutions may now have a clearer footing to build products around liquid staking tokens and unlock new market segments, according to industry executives.
The draft bill could stifle innovation and create prolonged legal ambiguity, impacting the growth and stability of the crypto industry.
The post Ripple slams draft crypto market structure bill for expanding SEC power over tokens appeared first on Crypto Briefing.
Following another rejection from the $120,000 region on July 21, Bitcoin (BTC) is now holding steady around the $115,000 level. However, realized price data suggests that BTC’s surface-level calm may be nearing its end. Old Bitcoin Whales Stop Realizing Gains According to a CryptoQuant Quicktake post by contributor Kripto Mevsimi, Bitcoin whale behavior indicates that the asset may be walking a tightrope. While “old whales” have stopped realizing profits, newer whales remain slightly in the green – though only marginally. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers Here, old whales refer to large BTC holders who have held the digital asset for more than a year. New whales – including institutional players – are those who entered the market within the past year. Kripto Mevsimi notes that the current balance between old capital and newly invested capital may not hold much longer. A decisive break in either direction could push BTC into a new price range. The chart below illustrates the rising realized cap of old whales from 2022 to 2024, confirming that this cohort steadily realized profits during that period. Notably, this quiet distribution phase coincided with mid-cycle market conditions. However, since early 2025, the realized cap for old whales has flattened – signalling a pause in profit-taking. Their average cost basis of $39,400 puts them well in profit, suggesting they are likely waiting for higher prices before re-entering the market. In contrast, the average cost basis for newer whales is approximately $105,300 – a level that now serves as their psychological breakeven. As long as BTC remains above this threshold, these newer investors are unlikely to sell in large numbers. That said, a drop below this critical level could trigger risk-off behavior among new whales. Kripto Mevsimi suggests that such a move could escalate current conditions from moderate profit-taking to panic selling, potentially triggering a wave of leverage unwinds. Keep An Eye On Realized Price It’s worth noting that recent activity has been minimal across both BTC investor cohorts – old whales and new whales alike. As the CryptoQuant analyst puts it: Old whales are idle. New whales are exposed. Neither is pressing the market – yet. But once the range breaks, the reaction could be sharp. In short, Bitcoin holders should closely monitor realized price levels. If BTC maintains a price above $105,000, newer capital is likely to remain stable. However, a drop below that could weaken the floor and invite downside pressure. Related Reading: Bitcoin Plunge Below $115,000 Wipes Out $700M In Crypto Longs Conversely, a breakout toward a new all-time high – possibly around the $130,000 mark – could bring old whales back into play, expanding their realized cap. That said, a few warning signs point to potential short-term weakness. For instance, BTC deposits to Binance have been rising steadily after months of decline, indicating that selling pressure may increase in the near future. At press time, BTC trades at $113,500, down 0.3% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Commissioner Caroline A. Crenshaw warns that the SEC’s statement offers little clarity for liquid staking providers.
The critique highlights potential regulatory uncertainty for crypto firms, possibly hindering innovation and compliance in the liquid staking sector.
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