Dormant XRP Wallets Spring to Life – What Does This Mean for Ripple’s Price?
After hitting an all-time high of $3.65 in mid-July, XRP has entered a phase of consolidation. The token is gradually retracing to hover around the $3.15 mark. Despite multiple attempts to break higher, XRP has faced resistance near $3.3. This price action reflects a cooling-off period following the sharp rally from early July, when it […]
ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy
Widespread use of U.S. dollar-denominated stablecoins in the European Union (EU) for payments or settlement could damage the European Central Bank’s control over monetary conditions, an ECB adviser said. If U.S.-backed stablecoins, digital assets that are backed by the dollar, gain traction for use in the EU, the effect could be similar to the impact […]
Bitcoin’s Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Bollinger bands tighten BTC’s continued consolidation between $116,000 and $120,000 calls for renewed focus on Bollinger bands, which have now tightened to levels last seen before the late February volatility explosion that saw prices […]
Linea to Burn ETH With Every Transaction in Bold L2 Upgrade
Linea, an Ethereum layer-2 network incubated by Consensys, has unveiled a comprehensive suite of upgrades designed to embed the network deeper into the layer 1’s economic and ideological fabric. Linea’s updated road map, expected to roll out in October 2025, introduces ETH-native staking on bridged assets, a protocol-level ETH burn mechanism, and the allocation of […]
Shiba Inu Burn Rate Skyrockets by Almost 17,000%, Will SHIB’s Price React?
TL;DR Over 600 million SHIB were burned in a single day. The total amount of the destroyed tokens since adopting the program stands at around 410.7 trillion. Analysts believe Shiba Inu could chart substantial gains if it overcomes certain resistance levels. On the other hand, rising exchange inflows hint at increased selling pressure. The Impressive […]
Zodia Gets $18.25 million to Boost Stablecoin Payment Network
Zodia offers trading and payment services that run nonstop and use stable digital tokens. It raised $18.25 million to reach more countries and build better tools for banks. Big names like Circle Ventures and Pharsalus Capital helped fund this global expansion. Zodia Markets, a digital asset trading firm majority-owned by Standard Chartered, has secured $18.25 […]
Cardano News: Veteran Cardano Backer Reluctant to Disclose New Altcoin Position, But We’ve Narrowed it Down
The veteran Cardano investor says nothing about their new altcoin holdings amid growing hunger for alternative cryptocurrency investments. While Cardano is steady with growing volume and price increases, speculation on new portfolio changes has caught the attention of the crypto community. Of these, one project Remittix has flown under the radar for its utility in […]
DeFi Dev Boosts Solana Treasury to $218M After Latest Purchase
DeFi Development (DFDV), the Nasdaq-listed firm pursuing a crypto treasury strategy focused on Solana (SOL), said on Tuesday it increased holdings to roughly 1.18 million SOL, worth about $218 million. According to a press release shared with CoinDesk, the company acquired 181,303 SOL tokens between July 21 and July 28 at an average price of […]
Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered
Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace […]
Mill City Ventures Commits $450M to SUI as Primary Treasury Asset
Mill City Ventures III, Ltd. has announced a $450 million private placement to fund a large-scale shift into digital assets. Confirmed by a post on X by Altcoin Daily, all proceeds from the offering will support the acquisition of SUI, the native token of the Sui blockchain. BREAKING – Mill City Ventures (US finance firm) […]
Can SOL Break $230? These Chart Patterns Say Yes
TL;DR Solana has traded sideways for 18 months, unable to close above the $115 support and $230 resistance. Analysts say recent false breakouts may reset the stage for a larger breakout move. Weekly close above $230 could push Solana toward targets near $295 and possibly beyond. Range-Bound Movement Continues Solana (SOL) has mostly traded between […]
ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase
ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies (BMNR). Cathie Wood’s investment firm added a total of 529,366 BMNR shares to its Innovation (ARKK) and Next Generations Internet (ARKW) exchange-traded funds (ETFs) on Monday, according to an email notification. BMNR fell more than 11.8% to $35.11 and is […]