Category: crypto

XRP whales have bought 340 million tokens in the last two weeks, focusing on buying when prices dipped to $2.90, potentially leading to a rally to $4. Technical indicators suggest a rebound is possible, but altcoins like XRP, ADA, and DOGE have seen losses as market capitalization stagnates. Despite this, XRP whales continue to accumulate,…

Metaplanet acquired 1,009 Bitcoin for $112 million, adding to their total holdings of 20,000 BTC. Shareholders approved a plan to add $2.8 billion worth of Bitcoin to their treasury by 2027. They paid an average price of $110,720 per Bitcoin. Eric Trump attended a meeting as a strategic advisor.

Lee Eok-won, nominee for South Korea’s Financial Services Commission, faced criticism for dismissing crypto’s value. He believes digital assets lack intrinsic worth and are too volatile for use as money. Despite industry pushback, he supports regulating stablecoins. South Korean regulators are cautious, but retail interest in crypto is growing rapidly.

Economist Alex Krüger believes that the crypto bull cycle is not ending, viewing bearish sentiment as a buying opportunity. He expects volatility until the next Federal Reserve meeting and dismisses the idea of a blow-off top in 2025. He sees market weakness as temporary, with recovery on the horizon.

DV8 has appointed Jason Fang as CEO and is shifting towards a corporate Bitcoin treasury strategy. The company recently underwent ownership changes and raised capital through a warrant program. Fang has experience in structuring Bitcoin programs for listed companies in Asia. Thailand’s policy environment is becoming more favorable for digital assets.

World Liberty Financial’s governance token, WLFI, is set to begin trading on major crypto exchanges, including Binance and Kraken. Anticipation is high, with derivatives volume and open interest surging. On-chain activity shows investor enthusiasm, with one Trump supporter holding millions worth of WLFI. Additionally, the stablecoin USD1 has expanded to Solana.

The XRP community strongly pushed back against Litecoin after a controversial tweet comparing XRP to rotten eggs. The tweet mocked XRP’s banking solution promotion and CEO Brad Garlinghouse. XRP supporters criticized the remarks, hinting at legal action. Litecoin defended its comments as part of a series of lighthearted roasts targeting various blockchain projects. The incident…

Global crypto investment products saw a positive turnaround last week with $2.48 billion in net inflows. This pushed August’s total net inflows to $4.37 billion and year-to-date commitments to $35.5 billion. Ethereum attracted the most capital, with $1.4 billion in new investments, signaling a tactical shift away from Bitcoin. Other altcoins like Solana and XRP…

Donald Trump’s cryptocurrency initiative, World Liberty Financial, launched on Sept. 1 with a market valuation above $7.4 billion, leading to heavy trading in its opening hours. The token, WLFI, saw a 13% increase shortly after launch, with a trading volume exceeding $1.8 billion. Interest in the token spiked Ethereum gas fees, indicating significant interest from…

Cardano founder Charles Hoskinson plans to partner with major protocols like Aave, Chainlink, and World Liberty Financial’s stablecoin USD1. These partnerships are crucial for strengthening Cardano’s ecosystem and ensuring competitiveness. USD1 is gaining institutional adoption, Aave could transform lending, and Chainlink provides secure data connections. Integrations are needed to prevent Cardano from falling behind.