PsiQuantum co-founder Terry Rudolph said in July it has no plans to attack Bitcoin, even if its upcoming facility becomes powerful enough to break the blockchain’s cryptography.
XRP recorded a sharp rebound of roughly 5% as the broader crypto market experienced a brief wave of relief following weeks of persistent volatility. The move comes after a difficult February for digital assets, a period defined by escalating geopolitical tensions and a macroeconomic environment that has continued to deteriorate. Despite these pressures, several large-cap altcoins have demonstrated relative resilience, with XRP among the assets managing to stabilize near key technical levels. Related Reading: The Quiet Accumulation: 13,500 Bitcoin Leaving Binance Signals A Strategic Whale Pivot at $66,000 According to analysis shared by top analyst Darkfost, derivatives data reveal a particularly notable shift in market positioning. Funding rates for XRP on Binance have recently moved into deeply negative territory while the asset traded within a range between $1.35 and $1.50. Negative funding rates typically indicate that short positions dominate the derivatives market, meaning traders betting on further downside are paying a premium to maintain those positions. This dynamic highlights the extent of bearish sentiment currently surrounding the asset. Even after XRP has already undergone a significant correction of approximately 60% from previous highs, a large portion of derivatives traders continue to position on the short side. Extreme Negative Funding Rates Could Signal Short-Term Rebound Darkfost explains that this type of market configuration often functions as a contrarian signal within derivatives-driven environments. When market consensus becomes excessively aligned in a single direction, historical patterns show that price action frequently moves against the majority’s expectations. In the case of XRP, the deeply negative funding rates observed on Binance suggest that a large share of traders is currently positioned on the short side of the market. When this imbalance grows too pronounced, it can create the conditions for a short squeeze or a corrective rally, as traders betting on further downside are forced to close positions if the price begins to move upward. Historical data support this interpretation. Previous periods where XRP funding rates reached similarly extreme negative levels have often been followed by short-term rebounds. These moves tend to occur when the market becomes overcrowded with bearish positioning, leaving the price vulnerable to sharp upward adjustments once selling pressure begins to fade. While extreme funding conditions can indicate a temporary imbalance in positioning, they do not necessarily guarantee the beginning of a sustained bullish trend. Instead, this setup may represent a constructive signal for investors seeking potential entry zones or opportunities to gradually build exposure as market conditions stabilize. Related Reading: The $11,000 Deficit: Why the Record $8.9B Bitcoin ETF Drawdown Is Paralyzing Wall Street’s BTC Appetite XRP Trades Near Key Support After Prolonged Downtrend The chart shows XRP trading near $1.43 after an extended correction that has significantly altered its broader market structure. Since peaking above the $3.50 region in mid-2025, the asset has entered a clear downtrend characterized by lower highs and persistent selling pressure. This structural shift became more evident as XRP lost the support of its key moving averages, which now act as overhead resistance. Price is currently trading well below the 50-period and 100-period moving averages, while the 200-period average sits even higher near the $2 zone. This configuration reflects a market where bullish momentum has largely faded, with buyers struggling to reclaim higher levels. Each rebound attempt over recent months has failed to break through resistance, reinforcing the prevailing bearish structure. Related Reading: The Quiet Accumulation: 13,500 Bitcoin Leaving Binance Signals A Strategic Whale Pivot at $66,000 However, the chart also highlights the emergence of a consolidation phase between approximately $1.30 and $1.50. This range developed after a sharp capitulation move in early 2026, when XRP briefly dipped close to the $1.20 area before stabilizing. For XRP to shift toward a more constructive structure, the price would likely need to reclaim the $1.60–$1.80 region and break above its short-term moving averages. Otherwise, the current range could continue acting as a base while the market searches for direction. Featured image from ChatGPT, chart from TradingView.com
John Daghita, aka Lick, was arrested today by the Federal Bureau of Investigation (FBI) in the Caribbean for allegedly stealing $46 million worth of seized crypto assets from the US Marshals Service (USMS). Suspect arrested for $46M grand crypto theft The heist began in 2024, when Command Services & Support, Inc. (CMDSS), a technology company, …
A crypto analyst’s Elliott Wave chart suggests XRP could be on the verge of one of its most explosive moves yet, but the real fireworks depend on where exactly we are in the cycle. In a post on X, crypto analyst HovWaves said his macro primary expectation is still the same, adding that he has been looking for a $15-$20 price target for XRP and that the destination does not change even if the current structure turns out to be a different corrective leg than first assumed. The $15-$20 Target That Hasn’t Changed XRP’s price action since the start of the year has hardly resembled that of an asset preparing for an explosive move into double-digit territory. Even so, the lack of strong upward price momentum has not discouraged many bullish proponents from maintaining extremely optimistic projections based on technical and fundamental analyses. Related Reading: XRP Price Turns Completely Bearish, But Is A Crash To $1 Still Possible? One such analyst is HovWaves, who has been consistent in his projections. In a recent post on X, the analyst wrote: “Macro primary expectation remains the same for XRP. Been looking for that 15-20 macro target.” The basis of HovWaves’ prediction is that the Elliott Wave label on the XRP price chart can change, but the larger price objective of double digits stays on the table. He looked at the current XRP structure as a choice between a smaller-degree pullback and a deeper corrective phase, stating that the price action could either be a 4th on the immediate degree or a deeper Wave 2. That matters because Wave 2 and Wave 4 corrections can look similar in real time, but they usually imply different upsides once the correction ends. HovWaves also added a key condition: if the market is actually carving a Wave 2, then the final target will likely be much higher. This is interesting because it means that the $15 to $20 bracket could be a waypoint if the bigger impulse thesis plays out. Bi-Weekly Elliott Wave Count Points To Final Impulse The chart features an Elliott Wave count stretching all the way back to 2013. In it, HovWaves shows a completed five-wave impulse structure from XRP’s earliest days through its 2018 peak at $3.4, followed by a lengthy corrective phase. This was a sprawling ABC correction that bottomed out in 2020 before a new impulse began taking shape. Related Reading: XRP Mirrors The Russell 2000, What This Means And Why It’s Important The wave structure currently in focus is a five-wave advance from that 2020 low. Waves 1 and 2 look complete, and Wave 3 culminated in the July 2025 all-time high at $3.65. According to the chart, XRP is now working through a Wave 4 consolidation with a downtrend and intermediate choppy phases before what would be the final fifth wave launch to a peak between $15 and $20. At the time of writing, XRP is trading at $1.43, and traders are anticipating a break above $1.50. Featured image from Adobe Stock, chart from Tradingview.com
A retired US Army combat medic has predicted that XRP will overtake Bitcoin as the world’s most valuable cryptocurrency — a claim that would require XRP’s price to climb from $1.41 to nearly $24. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% A Long Road To The Top Patrick L. Riley, who now operates as a market commentator on social media, posted the forecast on X without offering supporting data or a specific timeline. It was not his first time making the claim. Last month, Riley said XRP would become the top-ranked crypto within six years, regardless of whether Bitcoin breaks the $150,000 price level this year. He added that if Bitcoin fails to reach that threshold and reclaim its 12-year trend line, it could collapse to as low as $1,000. Based on current market data, XRP sits fourth by total market value at close to $87 billion. Bitcoin leads at $1.45 trillion. Ethereum ranks second at $254 billion. BNB holds third place at $89.3 billion, just ahead of XRP. I’m going to make two very not bold predictions. 1: This will not be a 4-5 week long war. 2: XRP will pass Bitcoin. — Patrick L Riley (@Acquired_Savant) March 4, 2026 Before XRP could even challenge Bitcoin, it would first need to pass BNB — a gap of roughly 3.5% — and then Ethereum, which would require a price increase of about 190%, pushing XRP past $4.15. Surpassing Bitcoin would demand a further surge to $23.70. XRP last overtook Ethereum in December 2019. Since then, the token has bounced between third and fourth place, often trading blows with BNB for position. Other Voices, Similar Claims Riley is not alone in making this kind of forecast. In August 2025, a finance commentator known as Coach JV said XRP would claim the top spot by 2030, with Bitcoin falling to second. In March 2025, Jacob King, CEO of SwanDesk, made a similar argument after the US government confirmed it had added XRP to its national crypto stockpile. King said the US had effectively sidelined Bitcoin by choosing XRP for its strategic reserve, and that XRP’s market cap would surpass Bitcoin’s with certainty. No timeline was given. Riley Also Weighs In On The Israel-Iran War Beyond crypto, Riley’s post touched on the military conflict between Israel and Iran that broke out on February 28. The US and Israel launched coordinated strikes against Iranian leadership, nuclear infrastructure, and proxy forces. Related Reading: US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says Reports indicate Supreme Leader Ayatollah Ali Khamenei was killed on the first day of the campaign, along with other senior officials. Iran responded with more than 200 missiles and drones targeting Israeli territory and US military positions in the Gulf region. At the outset, US President Donald Trump said the operation might run for about four to five weeks, with the possibility it could stretch longer. Riley later rejected that estimate in a post, though he did not explain what led him to think the conflict would wrap up sooner. Featured image from Vecteezy, chart from TradingView
Nvidia CEO Jensen Huang blamed potential IPOs for ending the chip giant's investment run—right as both AI labs are immersed in controversy.
The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement.
The settlement reflects a shift in SEC's strategy towards negotiated resolutions in crypto cases, potentially impacting future regulatory actions.
The post SEC moves to settle long-running lawsuit against Justin Sun and Tron entities appeared first on Crypto Briefing.
Tokenized securities can qualify as financial collateral under existing rules if they meet certain requirements like traditional securities.
The SEC has dismissed its charges brought in 2023 against Tron founder Justin Sun, the Tron Foundation, and BitTorrent Foundation.
Bitcoin is consolidating near a crucial support band, with $77,000 emerging as the key level to watch. A breakout above it could signal bullish momentum and a trend reversal, while failure to hold may keep Bitcoin in a corrective phase or push it lower. Bitcoin Re-Approaches Critical High-Timeframe Support After 0.786 Fibonacci Deviation Crypto analyst Luca highlighted that Bitcoin recently dipped below the high-timeframe support range marked in purple, briefly deviating toward the 0.786 Fibonacci point of interest around $65,900. Following that move, the price is now approaching the previously lost high-timeframe support zone, which coincides with the early April 2025 bottoming structure. This region also overlaps with the 3-day Bull Market Support Band, an area that has served as a strong reversal point several times over the past few months. Related Reading: Bitcoin Coiling At Key Support — Major Move Brewing Luca explained that this confluence of technical levels is the reason he has not yet reduced his hedge positions. Instead, he prefers to remain cautious until the market provides clearer confirmation of strength. According to Luca, such confirmation would likely come from Bitcoin reclaiming the lost support range or breaking above the Bull Market Support Band. Until that happens, the analyst warns that the current approach to this zone could still result in a rejection, meaning the move might represent a temporary bounce rather than a confirmed recovery. Luca also emphasized that traders should focus more on protecting capital rather than chasing profits at this stage. Only once clear strength appears, and the probability shifts toward a sustained upside continuation, would it make sense to adopt a more aggressive bullish stance. $77,000 Emerges As The Critical Confirmation Level For BTC According to Luca, the key confirmation level he is watching right now sits around $77,000. A decisive breakout above that level would signal stronger market momentum. Thus, Luca plans to gradually scale out of his hedge positions and rotate that capital back into his spot holdings, anticipating a more sustainable move to the upside. Related Reading: Bitcoin Price Slumps 5%, Bearish Momentum Returns With Force Luca also noted that attempting to squeeze out an extra 10–15% gain at current levels may not be the best risk decision. Instead of aggressively chasing short-term profits, he prefers to wait for a clear confirmation that the market structure is shifting in favor of the bulls. He added that the potential upside could be significantly larger if Bitcoin successfully reclaims the $77,000 level. However, exiting hedge positions too early could expose traders to the risk of a bullish fakeout, where the price briefly moves higher before resuming its downward trend. Because of that possibility, Luca maintains a cautious stance until stronger confirmation appears. Featured image from Pixabay, chart from Tradingview.com
Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed.
The Federal Reserve and other banking regulators clarified that the capital tally in banks needs identical treatment whether securities are tokenized or not.
Crypto markets spent the week chasing green, but Ether’s rally toward $2,500 might hit significant setbacks. Cointelegraph explains why.
Roblox's new AI feature replaces blocked messages with rewritten text to keep conversations readable while enforcing platform rules.
The short seller firm said that Ethereum's native token is "impaired," leaving treasury firm BitMine holding the bag while co-founder Vitalik buterin is selling.
"Bitcoin is still inside a bear market, despite the recent price rally," Julio Moreno, head of research at CryptoQuant, said.
Bitcoin (BTC) has just flashed a ‘Death Cross,’ a technical signal that has historically preceded major market bottoms. Market analyst CrypFlow, who identified the chart pattern, notes that the current setup is unfolding almost identically to the 2022 bear market cycle. In his analysis, he outlines a potential price target for a Bitcoin bottom and shares what history suggests could come next if the death cross follows the same trajectory as in previous cycles. Bitcoin Death Cross Signals More Downside CrypFlow shared his foreboding analysis on X, confirming a Death Cross on the three-day BTC chart that had previously signaled bear-market bottoms. The formation comes as Bitcoin faces significant selling pressure and market volatility, with investor sentiment down the drain and geopolitical tensions fueling more fear and panic, pushing holders to exit the market. Related Reading: Expert Trader Says Bitcoin Surge To $220,000 Is Coming, But This Will Happen First CrypFlow has stated that the current Death Cross formed against a backdrop of Bitcoin trading around $66,200 at the time of the analysis, with the figure well below the 50 Simple Moving Average (SMA) at $89,799 and the 200 SMA at $91,226. The massive gap between the price and both moving averages underscores how aggressively the market has deteriorated since Bitcoin’s cycle top above $126,000 in October 2025. The analyst draws a direct comparison between the current Death Cross and the 2022 bear market cycle, in which an identical Death Cross pattern preceded Bitcoin’s most devastating price crash to a final bottom. In that cycle, CrypFlow noted that the Death Cross formation came after reaching a peak above $66,000. Once Bitcoin reached this ATH level, it began trending downwards, forming a Death Cross, which eventually led to a final capitulation low one month later. Interestingly, the cryptocurrency experienced a Double Bottom after crashing again in 2023, with this final decline serving as the foundation for the next bull run. Analyst Shares BTC Bottom Target And Timeline The Death Cross pattern is widely recognized as a bearish warning sign, indicating more pain ahead for Bitcoin. Following the 2022 cycle, when the market bottomed roughly one month after the cross was confirmed, CrypFlow has identified March 29, 2026, as a critical window to watch for Bitcoin’s potential price floor this cycle. He suggests a possible target near $50,000, framing the projected one-month timeframe as a historically informed inflection point rather than a guaranteed outcome. Related Reading: Analyst Says It’s Time For Bitcoin, But What’s Important About $58,000? CrypFlow has outlined three distinct conditions it intends to monitor as that window approaches. The first is continued price weakness into late March, which could serve as a behavioral confirmation that the current cycle is mirroring past patterns. The second condition the analyst is watching for is evidence of seller exhaustion near the March 29 window. His third and perhaps most important condition is the reclaiming of key moving averages following any potential bottom. CrypFlow stressed that this reclaim should be viewed as confirmation of a completed bottom. Featured image from Getty Images, chart from Tradingview.com
Iran, Russia, North Korea, and other sanctioned countries boosted their use of cryptocurrency last year, according to Chainalysis.
If adopted, the proposal will take effect on Jan. 1 of the calendar year following the publication of the final IRS rules.
Public miners are trimming Bitcoin reserves as tightening margins, debt pressure and a post-crash reset force the industry to rethink its once-popular hold strategy.
On Thursday, Bitcoin mining company Core Scientific Inc. (Nasdaq: CORZ) announced that it had secured up to $1 billion from Morgan Stanley (NYSE: MS) to accelerate the shift of its Bitcoin mining facilities (all 10 sites) into AI data centers. Per terms of the agreement, Core Scientific will receive an initial $500 million, 364-day loan. …
The crypto market's vulnerability to global trade tensions highlights its integration with traditional financial systems, affecting investor sentiment.
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The AI Exposure Index highlights a shift in workforce dynamics, prompting a reevaluation of job roles and potential growth in decentralized AI solutions.
The post Anthropic launches AI exposure index to assess which white-collar jobs face automation risk appeared first on Crypto Briefing.
California's AI transparency law sets a precedent for increased regulatory scrutiny, potentially reshaping competitive dynamics and investor strategies.
The post xAI fails to block California AI transparency law requiring training data disclosure appeared first on Crypto Briefing.
The Solv Protocol team said it would cover the losses from the "limited exploit," totaling about $2.7 million for about 10 users.
The Nasdaq-listed miner sold nearly all of its February production while expanding power capacity in Texas and maintaining a treasury of more than 13,000 BTC.
Geopolitical instability challenges crypto's role as a safe haven, highlighting its vulnerability to macroeconomic shifts and market sentiment.
The post Geopolitical tensions drag crypto lower as Middle East conflict escalates appeared first on Crypto Briefing.
The lawsuit could drive governance reforms at Coinbase, potentially strengthening its operations, but insider trading allegations pose a greater risk.
The post Coinbase CEO Brian Armstrong faces shareholder lawsuit over compliance failures and disclosures appeared first on Crypto Briefing.
Berkshire Hathaway resumes stock buybacks for the first time since Q2 2024 as CEO Greg Abel also purchases additional company shares.
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