Decentralization has always been a central promise of the crypto world. The idea of removing intermediaries, building open financial systems, and empowering individuals is what drew many into Bitcoin in the first place. But today, much of that decentralized functionality,ike lending, trading, stablecoins, and DAOs, is being developed primarily on Ethereum and other smart contract…
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Bitwise is the first to act on the SEC’s rule change, though analysts say it’s a backend fix, not a retail breakthrough.
SEC Chairman Paul Atkins announced the launch of “Project Crypto,” a comprehensive initiative designed to modernize securities regulations and position the United States as the dominant global hub for cryptocurrency and blockchain innovation. Self-Custody a Key Pillar of SEC’s New Crypto Regulatory Framework Paul Atkins, speaking in Washington, D.C. on July 31, stated Project Crypto […]
In a post shared on TradingView, crypto analyst Xanrox argues that the current bullish cycle is nearly over, pointing to a potential downtrend that would see the Bitcoin price crash to $60,000. This analysis comes as Bitcoin is trading within a very quiet phase, prompting many crypto traders and crypto analysts to start reassessing its next direction. Xanrox Predicts Bitcoin Top At $122,000 And Crash To $60,000 The world’s largest cryptocurrency has been hovering just above the $118,000 price level for several days now, struggling to break decisively above this zone but also showing no major signs of a breakdown. Despite this consolidation, market sentiment remains upbeat. Related Reading: This Indicator Has Perfectly Called Bitcoin Cycle Tops, Here’s What It’s Saying Now The crypto fear and greed index continues to flash “greed,” and most analysts still argue that Bitcoin is setting up for another leg upward. However, an interesting technical outlook challenges this bullish consensus and issues a crash warning. Notably, crypto analyst Xanrox identified a sell signal on the weekly candlestick timeframe chart after Bitcoin reached the 1.618 Fibonacci extension and touched the long-term 2017–2021–2025 trendline, with the latest touch of the trendline aligning to Bitcoin’s recent all-time high at $122,800. According to him, the most recent touch of this trendline might be the top of the current cycle. Furthermore, he noted that the Elliott Wave structure has now completed Wave 5 of a rising wedge and a larger Wave 5 impulse move. As such, a corrective phase is about to start. What’s Next For Bitcoin? As shown in the chart below, the next major move could be at least a 50% decline, with Bitcoin dropping to around $60,000 by 2026. This projection is based on previous price action, where Bitcoin embarked on 84% and 77% price crashes after touching the trendline in 2017 and 2021, respectively. The technical setup also aligns with statistical data that shows August and September historically bring increased selling pressure. Xanrox noted that while traders can wait for further confirmation, such as a break below the 50-week moving average, he personally believes the top is already in. Large institutions and professional investors pay close attention to the 20, 50, 100, and 200-period moving averages. Related Reading: Bitcoin Short Squeeze Incoming As Market Makers Set Trap To Go Above $123,000 Xanrox’s outlook is a sharp contrast to the prevailing sentiment among crypto investors. Bitcoin’s current structure is still showing strength on higher timeframes, and several other analysts see the recent consolidation between $117,000 and $119,000 as a base for continuation toward $130,000 and beyond. The lack of major sell-side volume, the firm hold above the $118,000 price level and the 50-week moving average, and bullish indicators across altcoins like Ethereum are on-chain signals that the Bitcoin price still has more room to run before it reaches a peak price this cycle. Featured image from Pixabay, chart from Tradingview.com
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The Ether Machine, a newly formed company, has purchased $56.9 million worth of Ethereum (ETH) to become the third largest holder of the cryptocurrency, with a total of $1.28 billion in ETH holdings. This surpasses the Ethereum Foundation's holdings of $899.8 million. The company plans to list on the NASDAQ in Q4 and aims to…
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XRP’s price traded at $3.12 on July 31, 2025, securing a market capitalization of $185.20 billion and posting a 24-hour trading volume of $5.3 billion. Intraday price activity saw XRP fluctuate between $3.04 and $3.17, capturing market participants’ attention as it hovers near key technical thresholds. XRP On the 1-hour chart, XRP displayed characteristics of […]
According to comments from Ripple CTO David Schwartz, XRP is still at the heart of Ripple’s payments system, even as the company highlights its new stablecoin, RLUSD. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Ripple’s lead tech officer stressed that XRP remains the primary bridge asset in cross-border transactions—and that wider use of the XRP Ledger will keep boosting the altcoin’s utility and value. XRP Remains Core To Ripple Payments In a recent exchange, an XRP supporter pointed out that Ripple now mentions RLUSD more often than XRP. Schwartz replied that he doesn’t have the exact figures on hand, but he’s sure that Ripple uses XRP far more than any other digital asset for its payments service. I don’t have the numbers in front of me, but I’m pretty sure XRP’s use as a bridge in Ripple Payments dwarfs every other asset. I think stablecoins win for collateral use cases (volatile collateral is annoying) and edge use cases (volatility at the on/off ramps is also… — David ‘JoelKatz’ Schwartz (@JoelKatz) July 30, 2025 Based on reports, XRP still dominates as the bridge currency when moving money from one fiat to another. That role helps institutions send funds quickly and cheaply, even when market swings might make a stablecoin less ideal. Ripple launched RLUSD in December 2024 to meet demand for price stability. According to Schwartz, stablecoins like RLUSD make sense in use cases that depend on a fixed value—such as when firms use crypto assets as collateral or enter and exit markets without risking 5% swings overnight. He noted that Hidden Road, one of Ripple’s big partners that works with over 300 institutions, chose RLUSD as its main collateral asset in May 2025. That move shows RLUSD’s appeal for stability-focused tasks. Stablecoin Role Versus Altcoin Utility Schwartz drew a clear line between the two tokens. For tasks where price predictability matters most, a stablecoin helps avoid hiccups. But for the majority of payments, he believes a liquid asset like XRP does a better job—unless someone wants to avoid risk entirely. Holding major digital assets can capture upside, and XRP fits that need better than cash, he said. Adoption Drives XRP Demand Looking ahead, Schwartz stressed that real-world use of the XRP Ledger will naturally drive more demand for the crypto. As more projects and institutions tap into XRPL’s fast transaction speeds and low fees, they’ll need XRP to power each move. That design makes it harder to sidestep the coin’s native token than it is on other networks, where developers can wrap or bypass the base coin entirely. Schwartz’s remarks arrive amid community worries that XRP is being sidelined in favor of stablecoins. The choice by Hidden Road to back RLUSD raised eyebrows back in May 2025. Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert XRP’s Use Case But by highlighting how deeply XRP is woven into XRPL’s mechanics—and reminding investors that the altcoin’s volume still outstrips any other asset in Ripple Payments—Schwartz sent a clear message: XRP’s use won’t fade, even as stablecoins gain ground. Based on these comments, Ripple appears to be taking a two-pronged approach: use RLUSD where price stability is critical, and rely on XRP for its proven liquidity and built-in role on the ledger. That strategy could help keep both tokens busy in different parts of the crypto economy, ensuring XRP stays relevant even as new products emerge. Featured image from Unsplash, chart from TradingView
A fresh wave of profit-taking from newly emerged Bitcoin whales has marked the third major distribution event of this bull run, according to CryptoQuant.
Key Takeaways: Coinbase launches viral satire video criticizing the UK’s financial system, calling for urgent updates. 44% of UK adults are now financially vulnerable, according to new data from Fair4All Finance. UK’s crypto leadership slips as policy delays allow the US and EU to pull ahead in blockchain innovation. In a sharp and unapologetic move,…
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