US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.
Norway’s $1.7 trillion sovereign wealth fund, Norges Bank Investment Management (NBIM), increased its indirect Bitcoin exposure by 192%, rising from 3,821 BTC at the end of 2024 to 7,161 BTC in 2025. This surge, valued at approximately $844 million, primarily came through investments in leading Bitcoin-holding companies like Strategy and Marathon Digital. The move highlights …
An Ethereum Foundation-linked wallet sold 2,400 ETH at $4,602, just hours after offloading 1,695 ETH for $7.72 million in DAI. The wallet originally received 20,756 ETH from the Foundation’s “EF 1” address in 2017. Such transactions are part of the Foundation’s routine treasury and funding strategy, supporting operations, grants, and ecosystem development. The sale comes …
Solana started a fresh increase from the $175 zone. SOL price is now up nearly 10% and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $185 and $190 levels against the US Dollar. The price is now trading above $192 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $178 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $200 resistance zone. Solana Price Starts Fresh Surge Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $192 resistance. There was a break above a bearish trend line with resistance at $178 on the hourly chart of the SOL/USD pair. The bulls were able to push the price above the $195 barrier. A high was formed at $199 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $173 swing low to the $199 high. Solana is now trading above $192 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $200 level. The next major resistance is near the $202 level. Source: SOLUSD on TradingView.comThe main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Are Downsides Supported In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $194 zone. The first major support is near the $186 level or the 50% Fib retracement level of the upward move from the $173 swing low to the $199 high. A break below the $186 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $175 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 – $194 and $186. Major Resistance Levels – $200 and $212.
U.S. spot Ethereum ETFs attracted $523.9 million in net inflows on Tuesday, following Monday’s $1.02 billion record. This marks six consecutive days of gains, totaling $2.33 billion. BlackRock’s ETHA led with $318.67 million, followed by Fidelity’s FETH at $144.9 million. ETH traded near $4,667, close to its $4,878 record, as institutional demand and corporate treasury …
US and international law enforcement agencies have taken down servers and websites linked to the BlackSuit ransomware group and seized $1 million in crypto.
The cryptocurrency market may soon see one of its biggest shakeups yet, with experts predicting that an XRP exchange-traded fund (ETF) could attract massive institutional investment this year. According to Steven McClurg, CEO of Canary Capital, the launch of an XRP ETF could pull in $5 billion in inflows in just the first month, far …
The funding success may enhance ALT5 Sigma's market influence, potentially impacting crypto adoption and financial strategies globally.
The post Trump-backed ALT5 Sigma completes $1.5 billion funding to initiate WLFI treasury strategy appeared first on Crypto Briefing.
Despite Ether finally edging back toward its all-time high of $4,878, chatter on social media shows retail traders remain skeptical and in disbelief, according to Santiment.
XRP price is consolidating gains below the $3.320 zone. The price is showing positive signs and might aim for a move above the $3.350 resistance. XRP price is struggling to settle above the $3.30 zone. The price is now trading above $3.220 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $3.30 zone. XRP Price Eyes Upside Break XRP price formed a base above the $3.10 level and started a fresh increase, like Bitcoin and Ethereum. The price gained pace for a move above the $3.120 and $3.15 resistance levels. The bulls pumped the price above the $3.250 resistance, but the bears were active near $3.30. A high was formed at $3.30 and the price dipped toward the 50% Fib retracement level of the upward move from the $3.10 swing low to the $3.30 high. The price is now trading above $3.220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.2880 level. There is also a bearish trend line forming with resistance at $3.288 on the hourly chart of the XRP/USD pair. The first major resistance is near the $3.30 level. A clear move above the $3.30 resistance might send the price toward the $3.350 resistance. Any more gains might send the price toward the $3.380 resistance or even $3.40 in the near term. The next major hurdle for the bulls might be near the $3.450 zone. Another Decline? If XRP fails to clear the $3.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.20 level. The next major support is near the $3.150 level or the 76.4% Fib retracement level of the upward move from the $3.10 swing low to the $3.30 high. If there is a downside break and a close below the $3.150 level, the price might continue to decline toward the $3.080 support. The next major support sits near the $3.020 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.150 and $3.080. Major Resistance Levels – $3.30 and $3.350.
Macro sentiment remains influenced by broader risk markets, but DOGE’s higher lows and persistent whale bids keep the near-term structure constructive.
CoreWeave reported strong Q2 revenue, but profitability lagged and shares fell in after hours trading amid rising costs and thinner margins.
Sui (SUI) is attempting to reclaim a key resistance area after recovering from last week’s lows and growing institutional interest in the ecosystem, leading some analysts to suggest that a breakout might be around the corner. Related Reading: ZORA Hits New ATH Amid 50% Daily Surge – What’s Behind The Breakout? SUI Rallies Amid Ecosystem Interest On Tuesday, SUI jumped 7.4% intraday following major news for the ecosystem from institutional players. The cryptocurrency has been attempting to reclaim the $3.90-$4.00 zone over the past few weeks, briefly breaking out during the July market rally. The altcoin has been trading between $2.33-$4.00 price range since the Q2 recovery, hitting a seven-month high of $4.44 two weeks ago. For most of this period, SUI has hovered within the mid-zone of its multi-month range, failing to reclaim the $4.00 resistance multiple times. The early August pullback saw the token drop 27% from the local highs before bouncing at the end of last week. Since then, SUI’s price has recovered 20% from this month’s lows, rallying 6.65% in the past 24 hours to the $3.90 area. On August 12, one of the largest digital asset firms, Grayscale Investments, announced two new products that expand its “existing lineup of Sui Ecosystem products.” Earlier this year, the firm launched its Grayscale Sui Trust, which fueled a 44% rally after the announcement. Now, the firm has launched the Grayscale DeepBook Trust and the Grayscale Walrus Trust to “offer investors exposure to two key protocols driving innovation within the Sui ecosystem,” affirmed Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research. The trusts, which are now open for daily subscriptions for eligible accredited investors, function as Grayscale’s other single-asset investment trusts and are solely invested in the DEEP and WAL tokens, respectively. SUI’s Price Ready For $10? Analyst Sjuul from AltCryptoGems noted the cryptocurrency “really likes to move along the 3 drives pattern.” The pattern consists of three consecutive price movements in the same direction, before a trend reversal. As the chart shows, SUI displayed a bullish 3 drives formation during the November-January rally, which was followed by a bearish 3 drives pattern during the February-April pullback. Now, the cryptocurrency has been potentially repeating the bullish setup since the May breakout, with the third drive up still ahead. “We should still have one leg left,” the analyst asserted, which could propel SUI’s price to the $5.00 resistance. Crypto Rand noted that SUI is consolidating after its local breakout, which could target an initial run to the $5.00 mark and a potential rally to an all-time high (ATH) around the $10 barrier. Related Reading: XRP Stumbles, But A Recovery Could Be Around The Corner Similarly, analyst Alex Clay suggested that investors should “not ignore SUI,” as it has a potential cycle top of $11.7. He explained that altcoin displays a strong higher timeframe with a cup and handle formation between 2023 and 2024, followed by a re-accumulation within a 10-month symmetrical triangle. To the market watcher, the compression period “is over” and a breakout could be imminent in the coming weeks. A confirmed breakout from the $4.00 resistance could kickstart a rally to a new high between the $7.90 and $11.7 area. As of this writing, SUI trades at $3.91, a 12% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
HashFlare co-founders Sergei Potapenko and Ivan Turõgin were given time served for copping to their roles in a $577 million scheme, with prosecutors saying they’re weighing an appeal.
Ripple Labs and the SEC have dismissed their appeals, ending litigation and boosting institutional inflows, with daily volumes increasing by 208%.
Ethereum price found support near the $4,200 zone and started a fresh surge. ETH is rising and might soon aim for a move above the $4,620 zone. Ethereum started a fresh increase above the $4,250 and $4,350 levels. The price is trading above $4,400 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $4,200 zone in the near term. Ethereum Price Rallies Again Ethereum price started a fresh increase from the $4,150 support zone, beating Bitcoin. ETH price was able to recover above the $4,320 and $4,350 resistance levels. The bulls even pushed the price above the $4,400 resistance zone. Finally, the price tested the $4,635 resistance zone. A high was formed at $4,634and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $4,171 swing low to the $4,634 high. Ethereum price is now trading above $4,400 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,400 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,620 level. The next key resistance is near the $4,650 level. The first major resistance is near the $4,680 level. A clear move above the $4,680 resistance might send the price toward the $4,750 resistance. An upside break above the $4,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,800 resistance zone or even $4,840 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $4,620 resistance, it could start a downside correction. Initial support on the downside is near the $4,525 level. The first major support sits near the $4,400 zone. A clear move below the $4,400 support might push the price toward the $4,350 support. Any more losses might send the price toward the $4,350 support level in the near term. The next key support sits at $4,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,400 Major Resistance Level – $4,620
An analyst has pointed out how the breakout from this multi-year long XRP triangle pattern could point to a massive bullish target for the asset’s price. XRP Has Been Shooting Up Since Breaking Out Of This Triangle In a new post on X, analyst Ali Martinez has talked about a multi-year technical analysis (TA) pattern in XRP’s weekly price chart. The pattern in question is a triangle, which forms whenever an asset trades between two converging trendlines. The upper line of the pattern is likely to provide resistance, while the lower one support. A break out of either of these levels can hint at a continuation of trend in that direction; a surge above the triangle can be a bullish signal, while a drop under it a bearish one. Related Reading: Bitcoin Retraces Below $120,000: Is Coinbase Selling To Blame? Triangles can be of a few types, with three popular ones being the ascending, descending, and symmetrical variations. The orientation of the trendlines decides which category a specific triangular channel belongs to. One trendline being parallel to the time-axis means that the pattern is one of the first two types. More specifically, it’s an ascending triangle if the upper line is parallel, while it’s a descending one in the case of a flat lower line. When both trendlines approach each other at a roughly equal and opposite angle, the symmetrical triangle forms. In the context of the current topic, the triangle of interest is closest to this type. Below is the chart shared by Martinez that shows the long-term triangle that the 7-day price of XRP was trading inside before its earlier breakout. As is visible in the graph, the weekly XRP price was trading inside a pattern that looked like a symmetrical triangle with a slight upward bias between 2018 and 2024. In a proper symmetrical triangle, the probability of a breakout occurring is considered the same in either direction, but considering that this triangle was angled upward, a bullish breakout may have been more likely. And indeed, in November 2024, the asset managed to break past the upper boundary of the formation, kickstarting a bull rally. Generally, triangle breakouts are considered to be of the same length as the height of the pattern. That is, the resulting move in the price may be equal to the distance between the trendlines at their widest. Related Reading: Bitcoin-Money Supply Link Is A Myth, Glassnode Researcher Reveals In the chart, Martinez has highlighted what the target could be for XRP, based on this idea: $12.60. From the current value of the cryptocurrency, a run to this level would imply an increase of almost 287%. It now remains to be seen whether the pattern would hold up for the token. XRP Price XRP recovered above $3.37 earlier, but the coin has since seen a retrace as its price is back at $3.25. Featured image from Dall-E, charts from TradingView.com
Bitcoin price is correcting gains below the $121,200 zone. BTC is now consolidating and might aim for a move above the $120,500 resistance zone. Bitcoin started a downside correction below the $121,200 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $118,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,250 resistance zone. Bitcoin Price Holds Key Support Bitcoin price failed to extend gains above $122,250 and started a downside correction. BTC corrected gains and traded below the $121,200 support zone. There was a move below the $120,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $116,282 swing low to the $122,272 high. Finally, the price spiked below the $118,500 support and tested the 100 hourly Simple moving average. Bitcoin is now trading above $118,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $118,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $120,000 level. The first key resistance is near the $120,250 level. The next resistance could be $120,850. A close above the $120,850 resistance might send the price further higher. In the stated case, the price could rise and test the $122,250 resistance level. Any more gains might send the price toward the $124,000 level. The main target could be $125,000. More Losses In BTC? If Bitcoin fails to rise above the $120,500 resistance zone, it could start another decline. Immediate support is near the $118,600 level or the 61.8% Fib retracement level of the upward move from the $116,282 swing low to the $122,272 high. The first major support is near the $117,800 level. The next support is now near the $116,550 zone. Any more losses might send the price toward the $115,500 support in the near term. The main support sits at $113,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $118,600, followed by $117,800. Major Resistance Levels – $120,250 and $120,850.
A significant rate cut could signal economic concerns, potentially leading to market volatility and impacting future monetary policy decisions.
The post Treasury Secretary Bessent says Fed should consider 50-basis-point rate cut as job market shows signs of weakness appeared first on Crypto Briefing.
Ethereum (ETH) has recently seen a remarkable resurgence, inching closer to its $4,878 all-time high (ATH) record after a prolonged period of consolidation. On Tuesday, ETH broke the $4,600 mark for the first time in years, outperforming other cryptocurrencies, including Bitcoin (BTC) and XRP. Ethereum ETFs Attract $8.2 Billion YTD This price performance is largely attributed to a significant influx of capital into Ethereum spot exchange-traded funds (ETFs), which recorded a staggering $1 billion in inflows in just a single day—the largest daily inflow to date. Related Reading: XRP Double-Bottom Breakout Sets Sights On $34, Predicts Analyst According to data from Messari, year-to-date inflows into Ethereum ETFs have reached $8.2 billion, accounting for approximately 1.5% of ETH’s market capitalization. In contrast, Bitcoin spot ETFs saw $178 million in inflows yesterday and $19.4 billion year-to-date, representing only 0.8% of BTC’s market cap. While BTC continues to lead in absolute flows, ETH is attracting nearly double the capital relative to its size, signaling a shift in investor sentiment. The recent growth in Ethereum’s price is also influenced by favorable regulatory developments. The signing of the GENIUS Act by President Donald Trump has established a new regulatory framework for stablecoins, which could enhance their adoption and integration within financial systems. Major banks such as Morgan Stanley, JP Morgan, Citigroup, and Bank of America are actively exploring the implementation of dollar-pegged cryptocurrencies, further validating the potential of this market. Public Companies Embrace ETH Jake from Messari highlights that this regulatory development and key data points have contributed to the reversal of the bearish outlook on Ethereum’s price witnessed over the past months due to its poor performance. Approximately $130 billion in stablecoins are currently secured, accounting for roughly 50% of the market share, alongside $7.2 billion in tokenized real-world assets (RWAs) and a growing number of enterprises building on the Ethereum blockchain. Moreover, 865,000 ETH is now being held by public companies that are adopting Strategy’s (previously MicroStrategy) Bitcoin treasury approach, reflecting a diverse range of institutional buyers converging on Ethereum as a long-term investment. SharpLink has appointed Ethereum co-founder Joseph Lubin as Chairman and holds over 360,000 ETH. BitMine has transitioned from Bitcoin mining to an Ethereum treasury model, while Bit Digital has completely shifted its focus to Ethereum, accumulating over 120,000 ETH. Tangible Capital Flows Institutional investors have also been accumulating ETH at an impressive scale, with approximately 25 million ETH acquired since June. According to the analyst, this accumulation is not driven by retail speculation but reflects a strategic allocation by institutional firms. Related Reading: All-Time High For Crypto Market: Ethereum Leads The Charge Above $4,000 Ultimately, the convergence of stablecoins, tokenization, enterprise infrastructure, and treasury demand is resulting in tangible capital flows, as evidenced by on-chain activity and public company disclosures. As Jake puts it: What was directional interest is becoming allocation. $ETH isn’t re-rating because crypto wants it to. Wall Street balance sheets are forcing the move. Featured image from DALL-E, chart from TradingView.com
XRP has experienced strong price performance in recent weeks, climbing over 12% in the past month and reclaiming notable price levels. However, as of the latest trading session, the asset is showing signs of correction. At the time of writing, XRP is valued at $3.17, representing a 1.2% decline over the past 24 hours from its recent high of roughly $3.22. The recent surge in XRP’s value was largely driven by a major legal development. On August 7, 2025, the long-running US Securities and Exchange Commission (SEC) lawsuit against Ripple and its executives officially concluded. The end of the case removed a significant source of uncertainty for the asset and sparked immediate price gains. However, on-chain data suggests that the rally may have been driven more by shifts within the existing investor base rather than by new market participation. Related Reading: XRP Stumbles, But A Recovery Could Be Around The Corner XRP On-Chain Indicators Show Mixed Market Dynamics CryptoQuant analyst CryptoOnchain observed that daily active addresses on the XRP Ledger fell by more than 10% to around 24,701 following the legal resolution. This decline, despite the price increase, indicates that the upward movement was likely supported by capital rotation from existing holders instead of new user adoption. In the analyst’s view, the absence of a fresh wave of participants could limit the rally’s long-term momentum unless broader retail engagement picks up. Exchange flow data offers additional insight. Both Binance and Upbit recorded notable spikes in depositing addresses just before and immediately after the SEC case outcome was announced. Historically, such inflow surges can signal that traders are positioning for profit-taking or short-term speculation. At the same time, withdrawals also rose during this period, implying that some new entrants were building positions. The presence of both trends highlights a mix of motives in market activity, from short-term trading to longer-term accumulation. Liquidity Concentration and Market Outlook Changes in exchange reserves further illustrate the evolving market structure for XRP. After a period of decline, Binance’s XRP holdings have been increasing again, while Upbit’s reserves have maintained a steady upward trend. This reflects a growing role for the Asian market in supporting XRP trading volume. Conversely, OKX now holds almost no XRP, suggesting that most of its reserves have been withdrawn from the exchange. CryptoOnchain noted that the combination of higher prices alongside a drop in active user numbers points toward a market environment dominated by a smaller, concentrated group of traders. If exchange reserves continue to build rapidly, the probability of a short-term correction could increase, especially if profit-taking accelerates. While the resolution of the SEC case has removed a major legal risk for XRP, the sustainability of recent price gains may depend on attracting new market participants and reducing short-term selling pressure. Featured image created with DALL-E, Chart from TradingView
BNY Mellon will manage and custody the assets backing OpenEden’s Moody’s “A”-rated tokenized US Treasury fund, expanding the bank’s presence in blockchain-based finance.
But ETH's rally is hiding the fact that more and more liquidity is leaving for TRON, which could put a damper on growth.
After a brief ban on X over Gaza genocide claims, xAI’s chatbot has returned, flagging antisemitism in clouds, potatoes, and its own logo.
Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter.
Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at current price levels. One metric drawing attention is Binance’s share of global trading volume. According to CryptoQuant analyst BorisVest, the exchange’s dominance in trading activity provides valuable context for interpreting Bitcoin’s performance at all-time highs (ATHs). By comparing volume distribution across exchanges during previous ATH periods, the analysis seeks to determine whether the broader market is participating in the rally or if activity is concentrated on a single platform. Related Reading: Bitcoin-Money Supply Link Is A Myth, Glassnode Researcher Reveals Bitcoin Exchange Volume Concentration and Market Signals BorisVest’s review found that during the first ATH in 2024, global market volumes were elevated, and Binance’s trading activity was more than double that of all other exchanges combined. When Bitcoin retested its ATH later that year, overall market volumes increased across multiple platforms, yet Binance maintained its lead in total trading share. In contrast, when Bitcoin set a new record in mid-2025, total market volume did not show a significant increase compared to previous rallies. While Binance still recorded nearly twice the trading volume of other exchanges combined, the absence of a wider market volume expansion raised concerns. The analyst noted that historically, ATHs supported by broad volume growth tend to indicate stronger market conviction. A lack of participation from other exchanges could signal potential challenges in sustaining higher prices over the coming months. On-Chain Patterns Suggest Gradual Market Progress In a separate assessment, CryptoQuant analyst Avocado onchain examined Binary Coin Days Destroyed (CDD), a metric tracking the movement of long-dormant coins. The indicator recently turned lower after a brief rise, with Bitcoin’s price trading within a sideways range. Historically, increases in Binary CDD have been linked to selling pressure from long-term holders, often leading to corrections. However, current market conditions, shaped by changes in custody solutions, over-the-counter trading activity, and institutional investment strategies, make interpreting CDD spikes more complex. Avocado onchain highlighted that in recent cycles, Binary CDD rises have been followed by either prolonged sideways trading or moderate corrections. The current data supports what the analyst describes as a “stair-step” rally, where the market advances gradually while cooling short-term speculative activity. This pattern, if sustained, could prevent rapid depletion of buying momentum and allow for more stable long-term growth. Related Reading: Bitcoin Retraces Below $120,000: Is Coinbase Selling To Blame? Other on-chain data suggests that selling from long-term holders remains subdued, indicating limited pressure to exit positions at current price levels. This aligns with the view that while near-term movements may be range-bound, the broader trend still holds the potential for future upside, contingent on broader participation and sustained investor demand. Featured image created with DALL-E, Chart from TradingView
Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday, comes on the heels of the recently passed GENIUS Act in both Congress and House of Representatives, which has spurred increased attention towards stablecoins and their applications in the financial market. According to Chief Financial Officer (CFO) Jeremy Fox-Geen, the company is witnessing a surge in institutional interest, stating, “After our IPO and the Genius Act, we’re seeing an acceleration of interest, with major institutions all leaning in.” Related Reading: Bitcoin 4-Year Rhythm Fades Out As Fresh Market Forces Emerge: Expert Three weeks ago, President Donald Trump signed the country’s first crypto bill into law. The bill aims to establish a new regulatory framework for dollar-pegged cryptocurrencies. As a result, major companies and US banks have shown increased interest in these assets, potentially including them in their financial operations, which could significantly improve, given the low cost and speed of stablecoin transactions. As of June 30, the amount of USDC in circulation had skyrocketed by 90% compared to the same time last year, and Circle anticipates sustained growth at a compounded annual rate of 40%. The USDC stablecoin is also gaining traction not only for its use in digital transactions but also for cross-border remittances between individuals and businesses, as noted by CEO Jeremy Allaire. Circle Reports 53% Revenue Growth Circle reported a significant year-over-year revenue increase of 53%, reaching $658 million. According to Reuters, this growth was largely driven by increased interest income generated from the cash reserves and short-term investments backing its USDC stablecoins. Additionally, revenue from subscription and service offerings from the stablecoin issuer’s platform also saw an uptick, surpassing analysts’ expectations of $644.7 million, as compiled by LSEG. However, the company did report a net loss of $482 million, primarily attributed to non-cash charges associated with its initial public offering. Related Reading: Market Expert Says Sell All Ethereum By October, Here’s Why Circle also announced plans to launch Arc, a public blockchain specifically designed for stablecoin transactions, this fall, as part of the firm’s strategy to develop the technological infrastructure necessary for digital payments. David Bartosiak, a stock strategist at Zacks Investment Research, commented on Circle’s goals, stating, “They’re really trying to become the pillar of stablecoins in the US” He emphasized that the company’s established reputation positions it as a trusted player in this emerging market. Despite the rise in its stock price, CEO Allaire indicated that Circle is taking a cautious approach regarding acquisitions. “We’re careful and deliberate. I don’t think our strategy here is to go try and do big, complex acquisitions to throw additional business lines,” he remarked. Featured image from DALL-E, chart from TradingView.com
Tuesday's inflows extend the ether funds' positive streak to a sixth day, during which they attracted $2.33 billion in net inflows.
Norway's increased Bitcoin exposure via its sovereign wealth fund signals growing institutional confidence in cryptocurrency investments.
The post Norway’s sovereign wealth fund boosts Bitcoin exposure by 192% in Q2 appeared first on Crypto Briefing.
XRP’s legal victory over the U.S. Securities and Exchange Commission (SEC) has removed a major regulatory hurdle, sparking optimism for institutional adoption and even a potential spot XRP ETF. Related Reading: XRP ABC Wave Shows How High The Price Will Go If This Structure Holds Daily trading volumes soared 208% to $12.4 billion after the settlement, with analysts estimating a 95% chance of ETF approval by October 2025. However, price action suggests the euphoria may be cooling. In the 24 hours ending August 12, XRP slipped 4% from $3.19 to $3.13, despite hitting an intraday peak of $3.32. Heavy selling during the 19:00 hour, totaling 73.87 million in volume, indicates large holders are locking in profits. While support has held at $3.12, resistance remains firm at $3.27–$3.32. Bearish Fractal Signals Potential 45% Drop Technical analysts are eyeing a concerning development on XRP’s two-week chart: a bearish divergence where price makes higher highs but the relative strength index (RSI) prints lower highs. This setup mirrors conditions from the 2017–2018 market peak, which preceded a brutal multi-month selloff. If the pattern repeats, XRP could slide toward its 50-period exponential moving average near $1.64, roughly 45% below current prices, before finding meaningful support. Interim demand may emerge around $1.90–$2.00, but the bearish fractal suggests momentum is fading. Such a correction wouldn’t necessarily end the broader bull market but could shake out overleveraged traders, reset sentiment, and set the stage for a more sustainable uptrend later. XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview Can Bulls Invalidate the Bearish XRP Setup? Bulls see a different path. XRP is testing the $3.55 resistance level, which capped the 2018 rally, and has broken out of a multi-year symmetrical triangle. Clearing $3.55 with strong volume could open the door to $4.41 and potentially $5.68, especially if U.S. regulators approve an XRP ETF and whales shift from distribution to accumulation. Ripple’s focus on long-term infrastructure, CBDC partnerships, and real-world asset tokenization could underpin fundamental demand even if short-term price action turns choppy. Related Reading: Bitcoin Realized P&L Ratio Signals Sustainable Rally: Reversal Risk Remains Low Still, macroeconomic uncertainty, whale selling patterns, and technical resistance remain hurdles that traders must watch closely. For now, XRP sits at a crossroads, either confirming the ominous fractal for a steep drop or breaking through resistance to extend the post-SEC rally. Cover image from ChatGPT, XRPUSD chart from Tradingview