The latest episode of the long-running comedy series South Park depicts US President Donald Trump taking gifts of Bitcoin from state officials and tech leaders.
Data shows the Ethereum perpetual futures volume dominance has set a new all-time high relative to Bitcoin, a sign of elevated speculative interest in altcoins. Ethereum Perpetual Futures Volume Dominance Has Hit 67% According to data from on-chain analytics firm Glassnode, the Ethereum perpetual futures volume has shot up recently. Below is the chart cited by Glassnode, showing the trend in the perpetual futures volume dominance breakdown between Ethereum and Bitcoin. As displayed in the above graph, Ethereum overtook Bitcoin in perpetual futures volume a while ago, indicating that speculators shifted their attention from BTC to ETH. Related Reading: This Bitcoin Volume Signal Nailed The Top & Bottom: Analytics Firm The two have only continued to diverge since then, meaning that trader interest in the coin ranked number two by market cap is only going up. Following the latest continuation to the increase, the ETH perpetual futures volume dominance has reached the 67% mark, which is a new all-time high (ATH). The analytics firm explains, Over the years, Ethereum has generally been considered a bellweather asset, with periods of its out-performance usually correlated with broader a “altseason” phase in the digital asset market. As such, this pronounced rotation in trading activity can be a sign of growing focus on the altcoin sector among the investors. Glassnode also notes the trend could point to “an acceleration of risk appetite within this market cycle.” Ethereum’s dominance has also grown in terms of another perpetual futures market indicator: the Open Interest. This metric measures the total amount of contracts related to a given asset that are open on all centralized derivatives exchanges. Here is a chart that shows how ETH’s dominance of this metric has changed relative to BTC over the past few years: As is visible in the above graph, the Ethereum perpetual futures Open Interest dominance has climbed to 43.3% recently. Bitcoin remains dominant with the metric sitting at 56.7%, but compared to earlier in the year, the difference is a lot closer. Related Reading: Bitcoin Fear Is Back: Traders Flip As Price Plunges To $113,000 In terms of the futures sector as a whole, the combined Open Interest across major altcoins (Ethereum, Solana, XRP, and Dogecoin) set a new ATH of $60.2 billion recently. Though, this high couldn’t last, as the indicator suffered a sharp $2.6 billion drawdown soon after. This drop in the Open Interest of the major altcoins is the tenth largest on record. The report notes, These rapid fluctuations underscore that altcoins are currently drawing a significant amount of investor attention, and have meaningfully contributed to heightened reflexivity and fragility across digital asset markets. ETH Price At the time of writing, Ethereum is floating around $4,200, down almost 7% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Spot Bitcoin ETFs have seen approximately $1.17 billion in outflows over the past five trading days, but Anthony Pompliano says Bitcoin’s spot price may now be oversold.
Ripple announced Friday that it plans to distribute RLUSD in Japan in partnership with SBI Holdings in the first quarter of 2026.
One analyst said a hawkish tone from Powell may turn markets into a risk-off mode, potentially to a 30% drop in bitcoin price.
The EU's exploration of public blockchains for a digital euro could enhance cross-border transactions, challenging dollar dominance in global finance.
The post EU looks at public blockchains like Ethereum and Solana for digital euro rollout appeared first on Crypto Briefing.
Kanye West’s YZY memecoin left thousands of wallets devastated as coordinated snipers extracted millions while retail investors lost out.
Ripple and Japan’s SBI Holdings, through its subsidiary SBI VC Trade, have announced a partnership to distribute the RLUSD stablecoin in Japan starting in the first quarter of 2026. This collaboration aims to widen the availability of Ripple’s stablecoin in the Japanese market, providing a reliable and secure digital currency option for users and investors. …
ASIC is expanding its fraud crackdown, moving from website takedowns to social media ads as crypto scams remain a key source of losses.
Japan’s SBI Holdings has partnered with Startale Group to launch a comprehensive on-chain trading platform. This platform will offer trading for cryptocurrencies, tokenized stocks, and real-world assets (RWAs). With this move, SBI aims to make investing easier and more secure, using blockchain technology for transparency and efficiency. The partnership positions SBI as a leader in …
The European Union is moving closer to launching its own digital euro, aiming to create a stablecoin version of the currency. Officials are exploring the possibility of running it on popular blockchains like Ethereum or Solana, making the digital euro more accessible and compatible with existing crypto systems. This step is part of Europe’s broader …
The Commodity Futures Trading Commission (CFTC) has kicked off its latest “crypto sprint,” a major step in advancing President Trump’s digital asset plan. This initiative opens public consultation until October 20, 2025, allowing industry leaders, investors, and everyday users to voice opinions on how U.S. crypto regulation should evolve. By doing so, the CFTC is …
A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming’s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all converged to trigger fresh institutional flows.
Dogecoin started a fresh decline below the $0.2320 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.210. DOGE price started a fresh decline below the $0.2250 level. The price is trading below the $0.2250 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.220 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.2080 zone. Dogecoin Price Dips Further Dogecoin price started a fresh decline after there was a close below $0.240, like Bitcoin and Ethereum. DOGE declined below the $0.2320 and $0.2250 support levels. The price even traded below $0.2120. A low was formed at $0.2078 and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the recent decline from the $0.2430 swing high to the $0.2078 low. Dogecoin price is now trading below the $0.2250 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.220 level. There is also a bearish trend line forming with resistance at $0.220 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.2250 level. It is close to the 50% Fib retracement level of the recent decline from the $0.2430 swing high to the $0.2078 low. The next major resistance is near the $0.2320 level. A close above the $0.2320 resistance might send the price toward the $0.2450 resistance. Any more gains might send the price toward the $0.250 level. The next major stop for the bulls might be $0.2550. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.2250 level, it could continue to move down. Initial support on the downside is near the $0.2120 level. The next major support is near the $0.2080 level. The main support sits at $0.2050. If there is a downside break below the $0.2050 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1920 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2120 and $0.2050. Major Resistance Levels – $0.2250 and $0.2320.
When Ripple first announced plans to enter the stablecoin market earlier this year, many wondered where its enterprise-focused coin would land first. Now, that question has been answered: Japan. Ripple and long-time partner SBI Holdings have signed a memorandum of understanding to distribute Ripple USD (RLUSD) through SBI VC Trade, one of Japan’s licensed Electronic …
Strategy (previously MicroStrategy), the software firm co-founded by Bitcoin (BTC) bull Michael Saylor has seen its stock, MSTR, take a considerable hit plummeting by nearly 20% since last month, in line with the broader market correction. This downward trend is expected to persist, according to Gus Galá, an analyst at Monness, Crespi, Hardt, who recently reiterated a Sell rating on the stock with a price target set at $175. Analyst Cautions Against Long Positions In Strategy On Thursday, shares of Strategy fell an additional 2.4%, closing at $336.48. The company has attracted considerable attention for becoming the largest corporate holder of Bitcoin, with its Bitcoin treasury surpassing the 600,000 figure. Related Reading: Analyst Sounds The Alarm—Bitcoin Could Slide Toward $88K Despite the recent selloff, Strategy’s stock has seen major growth, climbing over 140% in the past year, primarily due to Bitcoin reaching new highs beyond $120,000. However, Galá warns that the volatility associated with Bitcoin poses significant risks. He argues that companies with large Bitcoin treasuries are indicative of a later stage in the Bitcoin market cycle. For Strategy’s stock to defy this trend, Bitcoin would need to break free from its historical pattern of boom-and-bust cycles and sustain a prolonged bull run. Historically, there have been times when Strategy’s market capitalization exceeded its actual Bitcoin holdings by more than double. Currently, with a market cap-to-Bitcoin ratio of 1.34-to-1, Galá suggests that while investors shouldn’t increase short positions, they should also refrain from taking long positions. He believes that the market cap multiple is likely to decline, driven in part by skepticism in the credit markets regarding the debt Strategy has issued to finance its Bitcoin acquisitions. Crypto Stocks Suffer Setbacks Galá also expressed doubt that credit rating agencies will be inclined to assign investment-grade ratings to Strategy’s treasury strategy, especially in the near term. This skepticism stems from the fact that the company’s profits are largely unrealized gains from its Bitcoin holdings. Securing an investment-grade rating could potentially allow Strategy to issue and repay its debt under more favorable terms, but this would require Bitcoin to be perceived as a more stable digital asset, akin to gold. Related Reading: XRP On-Chain Activity Explodes By 500%, What’s Going On? After reaching a new record price just above $124,000, the market’s leading cryptocurrency has seen its valuation drop 9% from all-time high levels currently attempting to consolidate between $112,000 and $113,000. Beyond Strategy, crypto stocks have also seen their valuations drop. On Thursday, shares of USDC issuer Circle (CRLC) dropped 4% after the initial excitement following the firm’s initial public offering (IPO). US-based cryptocurrency exchange Coinbase (COIN) saw its shares drop toward the key $300 support, meaning a 2.5% decline compared to Wednesday’s trading session. Featured image from DALL-E, chart from TradingView.com
Strategy’s corporate treasurer Shirish Jajodia says, “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second.”
SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, said it expects RLUSD to go live in Japan during the first quarter of 2026.
Rumors are circulating once again that Binance may be unfairly influencing the crypto market. On-chain trackers show that the exchange could be generating fake trading volume to push the price of its own token, BNB. Observers point to Binance’s billion-dollar dashboard, claiming it shows clear signs of suspicious activity. Tokens such as ORB and SHIELD …
XRP price is showing bearish signs below the $2.950 resistance zone. The price is struggling to recover and might decline further below $2.820. XRP price is declining below the $2.950 and $2.920 levels. The price is now trading below $2.920 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.910 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below the $3.00 zone. XRP Price Remains At Risk XRP price remained in a bearish zone after a close below the $3.00 level, like Bitcoin and Ethereum. The price extended losses and traded below the $2.920 support zone. The price even declined below $2.850. Finally, it tested the $2.820 support zone. A low was formed at $2.820 and the price recently attempted a recovery wave. There was a move above the $2.90 level. The price climbed above the 50% Fib retracement level of the downward move from the $3.095 swing high to the $2.820 low. However, the bears are active near the $3.00 zone and the 61.8% Fib retracement level of the downward move from the $3.095 swing high to the $2.820 low. The price is now trading below $2.920 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.90 level. There is also a bearish trend line forming with resistance at $2.910 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.950 level. A clear move above the $2.950 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.20. More Losses? If XRP fails to clear the $2.90 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.820 level. The next major support is near the $2.80 level. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.7650 support. The next major support sits near the $2.750 zone, below which the price could gain bearish momentum. 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 – $2.820 and $2.7650. Major Resistance Levels – $2.90 and $2.950.
Pham's statement follows the Aug. 4 rollout of the sprint's first phase, which set out to enable spot crypto trading on futures exchanges.
Amid the controversial launch of Kanye West’s official memecoin on Solana, the crypto community has sounded the alarm for another potential celebrity token scam, with insider trading allegations outshining Ye’s party. Related Reading: Chainlink Eyes Crucial Resistance After $25 Reclaim – Breakout Or Breakdown Next? The Rise And Fall Of YZY On Wednesday night, controversial Hip-Hop artist and public figure Ye, better known as Kanye West, launched his official memecoin, YZY, on the Solana blockchain. West announced the token in his X account, posting the contract address (CA) in a picture with the caption “YEEZY MONEY IS HERE. A NEW ECONOMY, BUILT ON CHAIN.” After the announcement, the memecoin skyrocketed to a market capitalization of $3.1 billion before quickly dropping 65% to the $1.1 billion mark in the following hours. Meanwhile, YZY’s price went from an all-time high (ATH) of $3.16 to hover between the $0.95-$1.30 price range. The crypto community reported multiple red flags, including allegations of insider trading and a lawsuit waiver. Notably, the official website has a controversial waiver that raised concerns among investors. In the “What Else Should I Know?” section, the website stated that by purchasing the token, investors agree they “will not bring, join or participate in any class action lawsuit as to any claim, dispute or controversy” that they may have against any of the “Covered Parties.” “if you’re buying this ur literally giving them permission to rug you without consequences,” a community member noted. Nonetheless, investors may opt out of the dispute resolution provision by “providing written notice of your decision within thirty (30) days of the date that you first access the Website,” the page reads. Ye’s Memecoin Supply Owned By Insiders Conor Grogan, director at Coinbase, estimated that at least 94% of the supply was owned by insiders, with 87% of the token being held by a single multisig wallet before it was distributed to multiple wallets. According to the “YZYNOMICS”, 20% of the token’s distribution would be for public supply, 10% for liquidity, and 70% for Yeezy Investments LLC. On-chain analytics firm Bubblemaps affirmed that “the bubble map of YZY mostly MATCHES the distribution on Kanye’s website,” cautioning that “the 17% address ‘public supply’ is UNLOCKED and can sell at any time.” Lookonchain highlighted that only YZY had been added to the liquidity pool, with no USDC, warning that the “Dev may sell YZY by adding/removing liquidity, similar to LIBRA.” Additionally, they noted that multiple insider wallets had prepared funds in advance and bought the memecoin, with one address knowing the CA and attempting to purchase YZY yesterday. The on-chain wallet tracker also cautioned that West had added 30 million YZY, worth $34 million, to the liquidity pool with a price range of $3.17-$4.49, signaling that “once the price climbs above $3.1716, he’ll start earning fees while gradually selling YZY for USDC. If the price rises above $4.4929, all 30M YZY will be sold.” Investors See Red Numbers On-chain researcher Defioasis affirmed that the YZY launch was “more of the same,” revealing that, so far, most wallets holding West’s memecoin are in the red. According to their analysis, 56,050 addresses traded the token in the past 13 hours, with 25,166, or 44.9% of the wallets, engaging in one-sided transactions. Out of these addresses, 23,723 only bought the memecoin, while 1,443 only sold it. They suggested that “some of the former may be dust addresses aimed at increasing the number of addresses, while others are either holding onto their positions or stuck in losses,” adding, “The latter are primarily project teams/large holders using multiple addresses to sell, making it harder to track them directly.” Related Reading: Bitcoin Risks Drop Below $110,000 Despite Bounce – Is A 15% Pullback Coming? Meanwhile, 30,884 addresses had two-way transactions, with 38.07% of addresses registering realized profits. 30% of these wallets had a profit of up to $500, while only 1.31% of them had profits exceeding $10,000. Among this 1%, only 5 addresses had over $1 million in profits, with one of them being identified as an insider. On the contrary, over 60% of participants are still in a loss position, the report noted, with 28.2% of the addresses losing up to $500. By the time of the Defioasis post, one individual had lost over $1 million, while another had lost around half a million. Featured Image from Unsplash.com, Chart from TradingView.com
Ripple and SBI's partnership could enhance stablecoin adoption in Japan, fostering financial innovation and bridging traditional and digital finance.
The post Ripple teams up with TradFi giant SBI to distribute RLUSD stablecoin in Japan appeared first on Crypto Briefing.
The House slipped a provision banning the Federal Reserve from issuing a digital currency into a nearly 1,300-page bill on defense policy.
Ethereum price started a recovery wave above the $4,150 zone. ETH is now back above $4,250 but it faces many hurdles near $4,300. Ethereum started a recovery wave above the $4,200 and $4,250 levels. The price is trading below $4,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,180 zone in the near term. Ethereum Price Faces Hurdles Ethereum price extended losses after there was a close below the $4,200 level, like Bitcoin. ETH price gained bearish momentum and traded below the $4,110 support zone. The bears were able to push the price below the $4,080 support zone. Finally, the price tested the $4,065 zone. A low was formed at $4,065 and the price recently started a recovery wave above the 23.6% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low. The price failed to clear the $4,350 zone and the 61.8% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low. There is also a bearish trend line forming with resistance at $4,300 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,300 level. The next key resistance is near the $4,350 level. The first major resistance is near the $4,385 level. A clear move above the $4,385 resistance might send the price toward the $4,450 resistance. An upside break above the $4,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term. Another Drop In ETH? If Ethereum fails to clear the $4,300 resistance, it could continue to move down. Initial support on the downside is near the $4,220 level. The first major support sits near the $4,180 zone. A clear move below the $4,180 support might push the price toward the $4,120 support. Any more losses might send the price toward the $4,065 support level in the near term. The next key support sits at $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,180 Major Resistance Level – $4,385
The financial conglomerate is building a blockchain platform for tokenized assets with Startale, the blockchain development firm that build Soneium with Sony.
The tokenized asset market is projected to grow as large as $18.9 trillion by 2033, according to a joint report from Ripple and BCG.
Binance’s native token BNB reached a new milestone today, setting an all-time high of $881 before correcting slightly to $849 at the time of writing. Despite broader market consolidation in recent days, BNB’s performance marked a 2.6% increase in the past 24 hours. The development has drawn notable attention from traders and analysts, many of whom are now evaluating whether the momentum is sustainable. CryptoQuant analyst CryptoOnchain shared insights on the rally, pointing to both technical signals and on-chain data as key factors behind the altcoin’s latest upward movement. According to his analysis, the decisive breakout above the $800–$810 resistance zone has turned that range into an important support level. He noted that maintaining this threshold could sustain bullish sentiment, with the $900 level emerging as the next psychological target. Related Reading: BNB Price Coiling for Breakout—Next Leg Higher in Sight Technical and On-Chain Analysis of BNB On the technical side, the altcoin’s entry into “price discovery” mode has raised questions about the sustainability of its rally. CryptoOnchain explained that breaking above historical resistance levels typically attracts new inflows and strengthens confidence in long-term holding. From an on-chain perspective, the analyst highlighted “Rolling Percentage Gains” across multiple timeframes. The data suggests that all major holder cohorts, from short-term to long-term investors, are currently in profit. This reduces potential sell pressure as investors are less motivated to exit positions. At the same time, accelerating short-term gains reflect fresh demand, while one-year rolling gains indicate that the rally is not merely speculative but backed by sustained accumulation. According to CryptoOnchain, the combination of these factors presents a case for continued strength as long as the altcoin holds above the $800 support zone. “The technical breakout is supported by confident, profitable holders,” he wrote. “As long as BNB holds the crucial $800 support level, the outlook for testing higher targets remains highly favorable.” Analysts See Potential for $1,000 Beyond technical and on-chain metrics, independent market observers are also weighing in on the altcoin’s trajectory. A crypto analyst known as BitBull on X noted that BNB’s new all-time high coincides with a structural shift in its price action. The token’s long-standing resistance has now flipped into support, creating what he described as conditions for further growth. “$BNB hit a new ATH of $880 today. It has now flipped its multi-year resistance level into support. With public-listed companies bidding BNB, $1K BNB is just a matter of time,” BitBull commented. Related Reading: BNB Tracks Bitcoin’s Playbook, Eyes Breakout Toward $1,200 BNB’s rise comes amid an evolving market for exchange tokens. While some have struggled to maintain relevance, BNB has consistently grown in utility, supported by Binance’s ecosystem, which includes trading fee discounts, token launches, and blockchain infrastructure through the BNB Chain. This dynamic has helped position the token as one of the top five cryptocurrencies by market capitalization. Featured image created with DALL-E, Chart from TradingView
Bitcoin price is attempting to recover from $112,000. BTC is back above $113,200 but faces many hurdles on the way up to $118,000. Bitcoin started a recovery wave above the $112,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $113,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $115,000 resistance zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline after a close below the $115,000 level. BTC gained bearish momentum and traded below the $113,200 support zone. There was a move below the $112,500 support zone and the 100 hourly Simple moving average. The pair tested the $112,000 zone. A low was formed at $112,100 and the price is now attempting to recover toward the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $112,100 low. Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $113,500 level. There is also a key bearish trend line forming with resistance at $113,500 on the hourly chart of the BTC/USD pair. The first key resistance is near the $114,500 level. The next resistance could be $115,000. A close above the $115,000 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 $118,200 level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $112,100 low. The main target could be $120,000. More Downside In BTC? If Bitcoin fails to rise above the $114,500 resistance zone, it could start a fresh decline. Immediate support is near the $112,500 level. The first major support is near the $112,000 level. The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,250 support in the near term. The main support sits at $105,500, below which BTC might take a major hit. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $112,500, followed by $112,000. Major Resistance Levels – $113,500 and $115,000.
The CFTC is seeking public input on how it can more effectively regulate spot crypto trading as part of its second “crypto sprint” initiative to advance the White House’s crypto agenda.