Category: Cryptocurrency News

Indonesia’s finance ministry has raised taxes for crypto miners and sellers, while exempting crypto transactions from VAT.

Bitcoin price remains rangebound ahead of the FOMC, as traders keep an eye on overhead resistance at $120,000 and several key support levels below.

Cardano (ADA) has always been one of those coins that gets people talking. Recently, its founder Charles Hoskinson stirred the pot again by suggesting that ADA could outperform Bitcoin, not in price but in overall returns, by as much as 100 or even 1,000 times. That statement has renewed interest in Cardano’s potential and the…
Read more

In a crypto market full of hype, SNORTER aims to offer utility beyond typical meme coins. With features focused on utility, speed, and an active roadmap, it seeks to differentiate itself in the meme coin space. This Solana-based project offers features aimed at longer-term use beyond short-term trading. Its future performance remains to be seen.…
Read more

Polymath CEO Vincent Kadar told Cointelegraph that investors are shifting from “unlock anxiety” to a more nuanced view of token releases.

Social trading network Etoro (NASDAQ: ETOR) has announced its evolution toward a tokenized future during a webinar where Co-founder and CEO Yoni Assia emphasized the company’s long-standing belief in tokenization as a means to facilitate the transfer of wealth through blockchain technology. Etoro plans to expand its trading offerings to include 100 popular US-listed stocks […]

Market activity is increasing, with some investors showing optimism. As Bitcoin slows down and takes a step back from dominating the market, the new altcoin season is inching closer, making investors consider various altcoin options. Even though major crypto coins like Ethereum are having massive success right now, underdogs like XRP are also starting to…
Read more

Bitcoin short-term holders are in charge of nearby BTC price support — but this risks a drop to $110,000, new Glassnode research warns.

According to recent reports, XRP slid about 15% after peaking at $3.66 on July 18, wiping out roughly $2.4 billion in open futures positions. That sharp drop has traders debating whether to hunker down or scoop up XRP near the $2.60 mark. Rally Driven By Big Bets XRP’s surge from $2.17 on July 1 to $3.66 by July 18 was powered by a surge in open interest that peaked at $11.2 billion in dollar terms. That means a lot of traders had large positions riding the upswing. Related Reading: Countdown To August 15: What XRP Investors Need To Know Since then, open interest has fallen to $8.8 billion, a 20% drop in US dollar value. In XRP units, contracts fell 10% to 2.80 billion. Liquidations of roughly $325 million over the two weeks ending July 25 show some of those big bets were wiped out. Futures Traders Hold Steady Annualized futures premiums for monthly XRP contracts have stayed in a 6% to 8% range. That suggests traders aren’t panicking even after the price dipped below $3. Short‑term swings didn’t spark a rush into bullish bets when XRP briefly rose past $3.60, slowing the risk of more forced exits. The calm premium levels hint that professional players remain cautious but not overly concerned. Growing chatter about a US spot ETF for XRP has added to the mix. Ether products crossed $18 billion in assets under management, so some expect a similar boost if a spot‑XRP ETF wins approval. But approvals can take many months, and nothing is certain. Rumors about banks or a tie‑up with SWIFT have popped up online without proof. Traders know that hype only lasts so long when there’s no real deal. On‑Ledger Activity Trails Peers DeFi use on the XRP Ledger is still small. According to RWA.xyz data, just $134 million of tokenized assets sit on the network, compared with $190 million on Avalanche. Decentralized exchange volume barely makes the top 50 chains. DefiLlama shows Sui recorded $13 billion in 30‑day DEX trading, and Sei handled $1.43 billion. Those gaps show that XRP’s on‑chain tools haven’t drawn the same crowd as rival networks. Related Reading: Bitcoin Ain’t ‘Better’, ADA Is, Cardano Founder Says Looking ahead, clear growth in real‑world use could help XRP break out of its current $3.00–$3.15 range. For now, traders are watching both price action and on‑chain metrics. It may take fresh catalysts beyond ETF hopes to drive sustained gains. Until then, the market could stay choppy and reactive to any big swings in open interest. Featured image from Meta, chart from TradingView

According to recent reports, XRP slid about 15% after peaking at $3.66 on July 18, wiping out roughly $2.4 billion in open futures positions. That sharp drop has traders debating whether to hunker down or scoop up XRP near the $2.60 mark. Rally Driven By Big Bets XRP’s surge from $2.17 on July 1 to $3.66 by July 18 was powered by a surge in open interest that peaked at $11.2 billion in dollar terms. That means a lot of traders had large positions riding the upswing. Related Reading: Countdown To August 15: What XRP Investors Need To Know Since then, open interest has fallen to $8.8 billion, a 20% drop in US dollar value. In XRP units, contracts fell 10% to 2.80 billion. Liquidations of roughly $325 million over the two weeks ending July 25 show some of those big bets were wiped out. Futures Traders Hold Steady Annualized futures premiums for monthly XRP contracts have stayed in a 6% to 8% range. That suggests traders aren’t panicking even after the price dipped below $3. Short‑term swings didn’t spark a rush into bullish bets when XRP briefly rose past $3.60, slowing the risk of more forced exits. The calm premium levels hint that professional players remain cautious but not overly concerned. Growing chatter about a US spot ETF for XRP has added to the mix. Ether products crossed $18 billion in assets under management, so some expect a similar boost if a spot‑XRP ETF wins approval. But approvals can take many months, and nothing is certain. Rumors about banks or a tie‑up with SWIFT have popped up online without proof. Traders know that hype only lasts so long when there’s no real deal. On‑Ledger Activity Trails Peers DeFi use on the XRP Ledger is still small. According to RWA.xyz data, just $134 million of tokenized assets sit on the network, compared with $190 million on Avalanche. Decentralized exchange volume barely makes the top 50 chains. DefiLlama shows Sui recorded $13 billion in 30‑day DEX trading, and Sei handled $1.43 billion. Those gaps show that XRP’s on‑chain tools haven’t drawn the same crowd as rival networks. Related Reading: Bitcoin Ain’t ‘Better’, ADA Is, Cardano Founder Says Looking ahead, clear growth in real‑world use could help XRP break out of its current $3.00–$3.15 range. For now, traders are watching both price action and on‑chain metrics. It may take fresh catalysts beyond ETF hopes to drive sustained gains. Until then, the market could stay choppy and reactive to any big swings in open interest. Featured image from Meta, chart from TradingView