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Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up
Bitcoin plunged below $115,000 on Friday as renewed political pressure from former President Donald Trump unsettled markets. The top cryptocurrency dropped to $113,164, its lowest in weeks, triggering over $200 million in liquidations from leveraged long positions and raising fresh concerns over investor confidence. The drop comes amid escalating geopolitical tension. Trump Orders Submarine Move Amid Russia Tensions, Bitcoin Reacts to Risk Fears Trump announced the repositioning of two U.S. nuclear submarines in response to comments by former Russian President Dmitry Medvedev, now deputy chairman of Russia’s Security Council. Medvedev had criticized Trump’s ultimatum that Russia end its conflict with Ukraine within ten days, calling it “a step towards war.” “Based on the highly provocative statements of the former president of Russia, Dmitry Medvedev, I have ordered two nuclear submarines to be positioned in the appropriate regions,” Trump wrote on Truth Social. He added that “Words are very important and can often lead to unintended consequences. I hope this will not be one of those instances.” Bitcoin’s price decline followed these remarks from Trump, reflecting broader investor anxiety as tensions between nuclear powers rise. Friday’s market reaction also follows Trump’s public attacks on U.S. economic institutions. The former president accused Erika McEntarfer, Commissioner of Labor Statistics, of manipulating jobs data ahead of the 2024 election to help Kamala Harris. He called for her immediate removal and claimed the Bureau had “faked the jobs numbers” by overstating employment growth. “We need accurate Jobs Numbers,” Trump wrote. “She will be replaced with someone much more competent and qualified.” He also turned his attention to the Federal Reserve, sharply criticizing its chair, Jerome Powell. Trump claimed the Fed’s pre-election rate cuts were politically motivated and called Powell “a stubborn MORON.” “Jerome ‘Too Late’ Powell must substantially lower interest rates NOW,” he wrote. “IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!” While presidents traditionally avoid interfering with central bank decisions, Trump urged Fed officials to overrule Powell and slash rates to support what he described as a booming economy under his leadership. The Fed has held rates steady for five consecutive meetings, citing inflation concerns. But Trump, in a flurry of posts, accused Powell of damaging the economy and failing to act on the consequences of new tariffs. Fed Governor Adriana Kugler Resigns, Opening Key Seat for Trump Amid the political pressure, Federal Reserve Governor Adriana Kugler announced her resignation on Friday, creating a key vacancy at the central bank. Kugler, a Biden appointee, joined the Fed’s Board of Governors in 2023 and was a permanent voting member on the Federal Open Market Committee. JUST IN: Federal Reserve Governor Adriana Kulger steps down from the Fed pic.twitter.com/QP8SoiX0fJ — Bitcoin Magazine (@BitcoinMagazine) August 1, 2025 She did not give a reason for her early departure but stated she would return to Georgetown University in the fall. “It has been an honor of a lifetime to serve,” Kugler wrote in a letter addressed to Trump. Her exit, nearly 18 months before her term was set to expire, clears a path for Trump to nominate a replacement. Kugler had recently voiced support for keeping rates steady, pending a clearer picture of how tariffs are affecting inflation. She was absent during this week’s policy vote, where two Trump-appointed members dissented, favoring a rate cut. Fed Chair Jerome Powell thanked Kugler for her service, noting her contributions brought “impressive experience and academic insights” to the Board. Bitcoin Slides as Political Tensions and Market Jitters Weigh on Sentiment Bitcoin slipped further on Friday as rising geopolitical tensions and cautious investor sentiment added pressure to already fragile markets. The cryptocurrency is now trading just 7% below its all-time high of $123,182 set in mid-July , though momentum in derivatives markets is showing signs of cooling. Notably, the monthly futures premium for Bitcoin has narrowed to 6%, down from earlier highs this month. Analysts say the drop reflects reduced appetite for leveraged long positions, suggesting traders are becoming more risk-averse despite ongoing institutional interest. Source: Laevitas.ch Bitcoin’s recent price behavior has also contributed to uncertainty. Rather than acting as a hedge, the asset has moved in step with tech stocks, exposing it to broader macro and political shocks. With tensions between the U.S. and Russia flaring again this week, risk appetite appears to be shifting. The political back-and-forth added to a market already grappling with trade friction and weak economic data. While gold has remained stable around $3,350, it has offered little relief for those hoping Bitcoin would act as a safe-haven alternative. Traders appear to be rotating into cash and short-term government bonds as volatility increases. Despite the decline, Bitcoin remains well above its January levels. However, with global uncertainty rising, traders may remain cautious in the short term. Amid the broader pullback, some investors are reassessing Bitcoin’s long-term role. Bridgewater Associates founder Ray Dalio, previously skeptical, has updated his outlook . Speaking on a recent podcast, Dalio recommended allocating up to 15% of a portfolio to gold or Bitcoin as a hedge against U.S. debt and inflation. “The U.S. is entering a debt doom loop,” he said, referencing Treasury forecasts of $12 trillion in new debt within the next year. Dalio noted that while Bitcoin remains volatile and faces regulatory questions, its role as a store of value is becoming harder to ignore. The post Bitcoin Plunges Below $115K Amid Trump Nuclear Threats and Fed Shake-Up appeared first on Cryptonews .

2025-08-02 02:38
Crypto Price Prediction Today 1 August – XRP, Solana, Cardano
Bitcoin, the daddy of all crypto, recently soared to an all-time high (ATH) price of $122,838, little under a week ago, igniting renewed bullish momentum across the market. Today, prices have been falling across the board for two reasons: Trump’s controversial tariffs take effect today, and investors are cashing in on recent explosive gains. Renewed optimism has buoyed the entire crypto sector, boosting major altcoins and the very best meme coins alike. In the last year alone, assets like XRP, TRON, Sui, Solana, Pepe, TrumpCoin, SPX6900, and FartCoin have all logged new record highs—evidence of growing investor confidence in the sector’s long-term trajectory. There are also sign that the US government is going to make good on its word to regulate crypto. Yesterday, the SEC announced “ Project Crypto “, a series of initiatives that will modernise American securities laws to hopefully give the industry the clarity it has long called for. With bullish sentiment returning, attention is shifting to coins set to break through previous price ceilings. Ripple (XRP): Cross-Border Payments Crypto Logs Massive Price Gains Ripple’s XRP reached a new ATH of $3.65 on July 18, surpassing its former record of $3.40 set back in 2018. The token now trades at around $2.91—a 20% pullback from its latest peak, yet still up 33% over the last month, indicating high profitability relative to its competitors. Renowned for allowing real-time international transactions with minimal fees, XRP has become a favorite among financial institutions. Its adoption by entities such as the United Nations has reinforced its standing in the global payments arena. A turning point came in 2023 when a U.S. court ruled that XRP’s retail sales do not constitute securities—a legal win that provided clarity and helped spark renewed institutional interest by 2025. The result? XRP has exploded 378% over the last 365 days, dramatically outperforming Bitcoin’s 78% return over the same period. Technical indicators show some cooling off, with the Relative Strength Index (RSI) dropping from 86 just under a fortnight ago to 48. This indicates sustained sell pressure that still has some mileage before it reaches the oversold 30. In the last 24 hours alone, XRP has fallen 7.7%, in line with a broader market rout that has shrunk crypto’s collective market cap 8.4% overnight to $3.79 trillion. There’s likely to be more downside until the token’s price converges with its 30-day moving average, which it is now doing for the first time since early July. Still, robust support near its current level could limit losses, provide a potential reentry point for buyers, and ultimately reverse its downward course. A bullish flag pattern, formed between late 2024 and early April, suggests XRP could attempt a breakout toward the $4 level later this year. Solana ($SOL): High-Speed Ethereum Rival Crypto on the Brink of Explosive Price Rebound Solana ($SOL) continues to prove its mettle as a high-performance crypto platform, known for rapid transaction processing and extremely low price transactions. With a market cap of more than $90 billion and total value locked (TVL) surpassing $9.55 billion (according to DeFiLlama), Solana is now a heavyweight in the DeFi space. Speculation is intensifying that Solana may soon receive approval for a spot ETF, following similar recent approvals for Bitcoin and Ethereum—an event that could open the floodgates for institutional investment, as ETF products include regulatory guardrails that help attract more traditional investors. Adding intrigue, Donald Trump has floated the idea of including Solana in a potential U.S. Crypto Reserve, which would store seized crypto assets. SOL has bounced back impressively from its April pullback to $100 after climbing to $250 in February. Currently priced at $167, it has surged 12.1% over the past month, although today’s market-wide dip has shorn 7% from it in the past 24 hours. Still, today’s sell-off is due to investors flipping to a risk-off outlook as the US begins implementing tariffs on foreign goods that are perceived as stringent. The SEC’s announcement in the last 24 hours that it will begin actively legislating crypto is likely to catalyze a rebound as we get more developments in the coming months. With SOL’s RSI cooling from an overheated 82 last week down to a neutral 45, the asset may decline a little further before beginning an explosive recovery rally. Strong support exists around the $150 level, while resistance at $200 and $250 remains the key barrier to retesting the all-time high of $293.31—or even hitting $300 before year-end. Cardano (ADA): Green Blockchain Challenger Eyes Breakout in 2025 Cardano ($ADA) has regained traction, posting a 28% gain from last month. Its ascent is fueled by positive technical trends and rising institutional interest. Alongside XRP and Solana, it has been mentioned by President Trump as a contender for inclusion in a proposed national crypto reserve. Founded by Ethereum co-founder Charles Hoskinson in 2014, Cardano’s commitment to peer-reviewed research and its energy-efficient Proof-of-Stake (PoS) model have made it a standout project. The platform helped influence Ethereum’s shift away from energy-heavy mining operations. Now commanding a market cap of over $25.8 billion, ADA would need to more than triple in price to rival Solana’s market cap and claim the second spot behind Ethereum. In the past 24 hours, ADA has dipped 8.7%, in line with the broader market rout, maintaining a trend similar to other top altcoins like XRP and Solana. With the current price hovering around $0.7154, analysts forecast a mid-year target of $1.50. More ambitious outlooks suggest a potential return to the 2021 high of $3.09—a 332% jump from today’s levels. A bullish flag chart pattern further strengthens the case for more upside. However, the RSI has softened from 85 at the beginning of last week to 44, indicating healthy profit-taking. This mirrors the consolidation seen in XRP and Solana, which may set the stage for renewed gains later in the year. Key resistance is pegged at $1.15, while support holds strong in the $0.85 to $0.90 zone. Snorter ($SNORT): Meme Coin Meets Crypto Trading Bot Power in Standout Presale For investors eyeing the next big opportunity, early-stage crypto launches often deliver the most explosive potential. Snorter ($SNORT) is one such emerging project—a meme-themed token with actual trading bot utility. Built on Solana and designed for cross-chain use, Snorter integrates directly with Telegram to provide real-time market insights to group chats. With a lean 0.85% trading fee, Snorter positions itself as a strong competitor to tools like BonkBot, Maestro, and Trojan. Features include front-running-resistant swaps, copy trading, automated limit orders, and tools to detect potential rug pulls—offering a complete suite for active traders. Investor interest is already surging, with more than $2.6 million raised in presale funding. Early participants can earn staking rewards of up to 161% APY, although this figure decreases as more participants join the pool. At a price still around $0.10, the token’s cost will rise nominally in upcoming rounds—making earlier participation a little more advantageous. Whether you’re deep into meme coins or just starting out, Snorter aims to deliver serious utility in an accessible package for the fast-paced world of crypto. Keep up with Snorter on X , Instagram , or join the presale on the Snorter website . The post Crypto Price Prediction Today 1 August – XRP, Solana, Cardano appeared first on Cryptonews .

2025-08-02 01:30
Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025
Perplexity AI predicts that several high-profile altcoins could experience strong price appreciation by the close of 2025, largely fueled by Bitcoin’s record-setting momentum. A little under two weeks ago, Bitcoin climbed to an unprecedented all-time high (ATH) of $122,838—a milestone that many experts see as a major catalyst for broader crypto adoption, assuming the ongoing bullish trend holds. It may well do so, since the most important thing the industry has been waiting for could finally be coming: regulatory clarity in the US. See, yesterday, the SEC announced “ Project Crypto “, a series of measures updating American securities laws that will “be the SEC’s north star in aiding President Trump in his historic efforts to make America the “crypto capital of the world,” according to SEC Chairman Paul S. Atkins. So, investor optimism is likely to come back hard as we get new developments, with some market watchers suggesting a coming rally, aided by regulators, could even eclipse even the legendary run of 2021—potentially propelling select altcoins to new historical highs. Here’s a look at the altcoins that Perplexity AI believes could deliver the most compelling returns by the holiday season. XRP (Ripple): AI Model Forecasts Potential 6x Upside by Late 2025 Perplexity AI projects that XRP (XRP) —Ripple’s core digital currency—could climb to $7 by the end of the year, more than doubling from its present value of around $2.94. XRP has performed strongly throughout 2025. On July 18, it reached a fresh ATH of $3.65, breaking its 2018 record of $3.40. Over the past 30 days alone, XRP has surged 35%, outpacing both Bitcoin and every other multibillion-dollar market cap altcoin or meme coin. Improved legal clarity is fuelling the run, alongside expanded institutional adoption, and speculation about a forthcoming XRP-based ETF—factors that continue to build excitement among investors. With its ultra-fast, low-cost global transaction capabilities and no reliance on middlemen, XRP remains an attractive option for enterprise-level use cases. In 2024, the UNCDF formally recognized XRP as a leading choice for cross-border remittances. BOOOOOOOOOOOOOOOOOOM!!! UN Endorses @Ripple and @StellarOrg as Cornerstones of New Global Payments Network! #XRP and #XLM will run the new financial system! pic.twitter.com/ufewexCKmR — JackTheRippler © (@RippleXrpie) October 13, 2024 A defining moment arrived in 2023 when a federal judge ruled that XRP’s retail trading activity did not fall under securities regulations. The SEC officially wrapped up its investigation in early 2025, eliminating a major regulatory hurdle. At its current price, it has shed 19% since hitting its ATH a fortnight ago. Breaking back through that level could open the path to Perplexity’s target of $7, with a potential moonshot scenario reaching $20 under favorable market and policy conditions. XRP’s Relative Strength Index (RSI) has declined from 86 to 49, implying that XRP is entering a cooling phase—a healthy setup for its next leg upward. If regulatory trends continue improving—especially under the Trump administration, as some speculate—Perplexity believes XRP could far exceed even its own conservative estimates. With a 12-month gain of 389%, XRP has vastly outperformed Bitcoin’s 78% rise over the same timeframe. Shiba Inu (SHIB): Perplexity AI Predicts Up to 4x Surge Under Ideal Market Conditions Introduced in August 2020, Shiba Inu (SHIB) has grown to become the second-largest meme coin after Dogecoin, boasting a market cap of over $7.1 billion. Currently trading at approximately $0.00001212, SHIB has gained 7% since this time last month and appears to be breaking out of both a long-term descending wedge stretching from Winter last year to mid-Spring 2025, alongside a newer bullish flag formation in mid-Spring. If SHIB manages to breach resistance likely near $0.000025, ongoing bullish momentum could help SHIB reach as high as $0.00005—a gain of over 300%—according to Perplexity AI’s most optimistic projections. It looks like a rally might kick off sooner rather than later, too. Shiba Inu’s RSI is 37 and trending downward, indicating a sell-off is going to conclude with the token underpriced, providing an attractive entry point for investors to buy back in and drive the price back up. This outlook is supported by SHIB’s continued commitment to token burning. In just one week in July, over 1.3 billion tokens were permanently removed from circulation, spiking the burn rate by 2,080%. SHIB is also evolving beyond meme status, now leveraging Ethereum’s blockchain while integrating Shibarium—its own Layer-2 protocol built to improve efficiency, reduce transaction fees, and enhance dApp capabilities. Pepe (PEPE): AI Models Suggest a 4x Climb for Viral Meme Coin Finally, there’s Pepe ($PEPE) . Inspired by Matt Furie’s internet-famous frog character, it has quickly established itself as one of the three biggest meme coins since it launched in April 2023. With a market capitalization north of $4.4 billion, it leads among non-dog-themed meme tokens. Despite facing intense competition, PEPE remains dominant thanks to its passionate community and high liquidity. Elon Musk has subtly signaled his support, reportedly holding the token alongside Dogecoin and sometimes hinting about his fandom for both tokens on his X profile. Now trading near $0.0000105 and up 10.4% over the past month, PEPE has outpaced Bitcoin and Dogecoin’s 30-day performance. Although it dipped 9% in the last 24 hours, this is in line with the overall meme coin outlook today as the sector gained 7% in the same period, with sector leaders Dogecoin and Shiba Inu dropping 7% to 8%. Perplexity AI forecasts that PEPE could quadruple by December, hitting $0.000042. This would push it well above its former all-time high of $0.00002803, which it reached in December 2024 before correcting by a little over 60%. Chart patterns show a descending wedge from November to March—a formation often seen before a strong price reversal to the upside. However, if the broader crypto market continues to rally with support by US regulators, PEPE could surpass Perplexity’s analytical guesses before 2026 arrives. TOKEN6900: New Meme Asset with Potential for 1000x Gains While Perplexity AI identifies major altcoins with solid growth potential, their high market valuations may limit parabolic returns. For those chasing exponential upside, emerging meme coins remain a favored hunting ground. Among these is TOKEN6900 (T6900) , a newly launched ERC-20 satirical token that kicked off its presale just two weeks ago. Hey Siri, define aura pic.twitter.com/NVYT1pZmed — Token6900 (@Token_6900) July 8, 2025 The project has already secured over $1.5 million in presale funding, signaling strong early investor appetite and anticipation for a sharp price run post-launch. Leaning into its comedic identity, TOKEN6900’s branding is steeped in internet irony. Its website jokingly claims it was “engineered from delusion, sarcasm, and the collective hallucinations of online traders.” Inspired by SPX6900—a parody coin targeting overvalued stock indices—TOKEN6900 carries forward the same meme-heavy, self-aware approach. It has a capped supply of 930,993,091 tokens—exactly one more than SPX6900’s initial offering. Although it’s primarily a joke coin, TOKEN6900 does include staking features, allowing holders to earn passive income while betting on its viral spread. Currently, TOKEN6900’s presale price is set at $0.0068 over on the official website , with an automatic nominal price increase scheduled in under 48 hours as the token enters its next funding stage—creating urgency for early backers. Keep up to date with the project by following its official X and Instagram accounts. The post Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025 appeared first on Cryptonews .

2025-08-02 01:30
Why The GENIUS Act May Benefit RWA Tokenization Companies The Most
The GENIUS Act is the first major piece of crypto legislation to be passed by the United States Congress. The bill sets forth regulatory requirements for stablecoins and issuers in the US, finally allowing institutions and big banks to take advantage of these digital assets . Yet the GENIUS Act extends beyond benefiting large financial corporations. Technology companies that facilitate tokenization are now finally able to operate under regulatory frameworks provided by the GENIUS Act. For far too long, certain industries and American consumers have been left in the dark. That changes today with the GENIUS Act – a bipartisan step forward that will provide regulatory clarity for payment stablecoins. pic.twitter.com/H44W25dJzh — U.S. Senate Banking Committee GOP (@BankingGOP) March 13, 2025 Tokenization Companies Gain Regulatory Clarity Dave Hendricks, CEO and founder of Vertalo, told Cryptonews that while the passage of the GENIUS Act provides large financial institutions with regulatory clearance to implement distributed ledger technology (DLT), the beneficiaries of the GENIUS Act are technology companies. “Companies like Vertalo that enable institutions to issue and manage tokenized products and stablecoins are the real winners here,” Hendricks said. “Winning the stablecoin arms race will spur new investments in technology—and likely M&A—mostly to the benefit of builders, rather than to the banks, who may have to forego building in favor of buying.” While much attention has been given to big banks taking advantage of stablecoins due to the GENIUS Act , Hendricks shared that Vertalo—a real-world asset (RWA) tokenization platform founded in 2017—finally has regulatory clearance to implement DLT without fear of arbitrary enforcement actions. “Building distributed ledger technology platforms that comply with settled and emerging securities regulations as well as scale to enterprise volume is hard work and requires years of development,” Hendricks said. “If banks and other financial institutions are looking for speed to market, they will likely need to look outside.” This appears to be the case. Walter Hessert, head of strategy for Paxos—the blockchain infrastructure provider behind PayPal’s PYUSD stablecoin—told Cryptonews that the GENIUS Act validates the company’s years of building compliant infrastructure alongside major enterprises like Stripe, Mastercard, and PayPal. “We can immediately leverage our existing GENIUS-compliant stablecoins like USDG and PYUSD to serve institutional demand,” Hessert said. He elaborated that there is more to the GENIUS Act than just stablecoins, noting that it creates the regulated digital dollar infrastructure that makes large-scale RWA tokenization possible. Hessert pointed out that stablecoins serve as the essential on-chain settlement mechanism. With that piece now regulated, institutions can confidently tokenize RWAs at scale. This is a game-changer, especially for technology companies like Paxos that have already launched compliant stablecoin products . “Both our Global Dollar (USDG) and PayPal USD (PYUSD) are compliant with the GENIUS Act’s requirements,” Hessert said. Today, @Visa announced support for Paxos‑issued USDG and PYUSD in its stablecoin settlement offering. Honored to join forces with one of the world's leading payment innovators to shape the future of financial rails. pic.twitter.com/e3ReplVN0K — Paxos (@Paxos) July 31, 2025 RWA Platforms and Financial Institutions Working Together A new opportunity has also come about, given the GENIUS Act’s impact on both technology companies and financial institutions. For instance, Hessert explained that for banks, the new piece of legislation is just as transformative. “Banks get regulatory clarity to custody digital assets and issue their own stablecoins through subsidiaries, all while leveraging existing relationships with corporate clients.” Yet Hessert noted that the real opportunity here is in partnerships. He explained that while banks have deep client relationships and regulatory expertise, tech companies have the blockchain infrastructure and compliance frameworks already built. “Global Dollar Network exemplifies this, as we’re partnering with traditional financial institutions to combine their distribution and trust with our stablecoin issuance technology,” Hessert said. “Rather than a zero-sum game, GENIUS creates a collaborative ecosystem where banks and tech companies can focus on their respective strengths.” Florian Nöll, WW director at IBM LinuxONE, further told Cryptonews that the GENIUS Act allows stablecoin issuers to officially go after the retail payment business. “This is because of stablecoins’ high degree of transparency in settlement, that lowers risk and reduces fees to orders of magnitude compared to traditional rails. It ultimately opens the way for stablecoins to be a cash equivalent, but without using commercial bank money,” Nöll explained. He added that while commercial banks may be expected to respond with their own digital currencies (not necessarily stablecoins), tokenization providers would have to be involved in the process. “Their role is pivotal in bridging traditional banking with the digital economy, ensuring compliance, interoperability, and operational efficiency,” Nöll commented. With this in mind, Nöll shared that IBM—including IBM Research—is building a tokenization framework for enterprise assets and bank money, addressing many existing technical and governance challenges. He added that IBM is offering differentiated capabilities for digital asset custody infrastructure for financial institutions looking to protect and manage the lifecycle of digital assets. Challenges To Consider While the GENIUS Act has created numerous opportunities for both technology companies and financial institutions, a number of challenges remain that may hold back progress . Ryan Zega, head of structured finance at Aptos Labs, told Cryptonews that a primary challenge is bridging the gap between on-chain networks and off-chain financial systems. Zega explained that for tokenized assets and programmable money to see broad adoption, integration with banks, custodians, and capital markets infrastructure needs to improve. “There’s also a continuing need to educate policymakers, financial institutions, and the public on the practical benefits of this technology beyond headlines and speculation. That understanding will be key to long-term adoption,” Zega said. Hessert added that while compliant technology companies like Paxos may not face major challenges, the GENIUS Act requirements will prompt changes in how international jurisdictions look to regulate stablecoins . “Part of this will include incorporating the bill’s stablecoin reciprocity provision. This will allow stablecoins to become a global product and maximize their potential for both a modernized and inclusive global financial system,” Hessert said. Hendricks further stated that while technology companies involved in tokenization may benefit the most from the GENIUS Act, he believes the legislation will not be helpful for the overall crypto industry. “In fact, the GENIUS Act could be seen as a step backward towards centralization. The GENIUS Act was a brilliant first move of this latest Congress if the goal was to provide cover to large financial institutions to expand their overall offerings, not just payment stablecoins,” he said. The post Why The GENIUS Act May Benefit RWA Tokenization Companies The Most appeared first on Cryptonews .

2025-08-01 23:09
XRP Price Prediction: Double Bottom Pattern Opens Door for Bull Market – Is This the Setup for a New All-Time High?
XRP could be setting the stage for another leg up in its bull run, with recent price action adding weight to a bullish near-term XRP price prediction . After a 20% drop from its mid-July high, XRP appears to have found solid footing around the $2.90 level, forming a double bottom — a classic reversal signal that suggests renewed buying interest. However, broader macro conditions could add pressure. The US Federal Reserve kept interest rates unchanged in July, taking a wait-and-see approach amid new tariffs, while recent jobs data came in weaker than expected, adding uncertainty to the market outlook. With the April “reciprocal” tariff pause ending today and 92 countries now facing higher levies, speculators see little chance of a September rate cut, further dulling risk appetite. President Trump issued sweeping new tariffs on nearly all traders via executive orders, effective August 7, covering 92 countries. Tariff rates range from 10% to 41%, targeting non-deal partners (e.g., Canada 35%, India 25%, Taiwan 20%). These “reciprocal tariffs” follow the… pic.twitter.com/bdKTfJeINR — Presidential Summary (@presidentialsum) August 1, 2025 XRP Bull Run Hinges on Double Bottom Pattern According to popular X analyst Ali Charts, a potential double bottom could see the XRP price return to $3.60, around the level that had capped its recent bull run. $XRP could be forming a double bottom pattern! A close above $3.30 may confirm the breakout and open the door to $3.60. pic.twitter.com/4MXEmulUHF — Ali (@ali_charts) July 31, 2025 His analysis notes a key resistance at $3.30, the neckline of the double bottom, and the key threshold for a confirmed breakout towards its target. However, the market is hesitant. Open interest is showing signs of decline, falling 25% over the past 10 days, according to CoinGlass data —speculative interest is falling with traders wagering less on XRP price moves. XRP Open Interest falls 25% in 10 days. Source: Coinglass. Active derivative traders do appear to be positioning for a continuation, though, with a long/short ratio of 2.59 on Binance showing over 72% of traders are still betting on price increases. XRP Price Analysis: Is This the Setup for a New All-Time High? The double bottom highlighted by Ali could set XRP back on the breakout path of its 9-month falling wedge pattern. XRP / USDT 4-hour chart, double bottom feeds falling wedge breakout. Source: TradingView, Binance. While post-breakout momentum stalled with the mid-June market top, a reversal here could refocus attention on its $4.10 target—a potential 40% move to new all-time highs. Momentum indicators support this outlook. The RSI has rebounded from oversold at 30, now sitting at 37, suggesting buyers are stepping in as sellers reach exhaustion. Meanwhile, the MACD histogram is beginning to flatten after a death cross, often an early signal of an uptrend on the 4-hour chart as it moves back toward the signal line. If $2.90 holds, the double bottom will need to break through its neckline at $3.30 to confirm upside toward $3.60 and beyond. However, if $2.90 fails and macro conditions take control over investor sentiment, the XRP price could tumble to deeper support around $2.70. Macro FUD Could Make Gains Harder To Find – This Tool Can Help As “reciprocal” tariffs return, markets are fearing a repeat of the mid-2025 bear market—long-term holders might have to play the waiting game again. Traders might find more success with short-term speculative plays, low-cap coins making the rounds like Ana are posting up to 1,000%+ gains in a single day. That’s where Snorter ($SNORT) steps in. Its purpose-built trading bot is engineered to spot early momentum , helping investors get in before the crowd, where the real gains are made. While trading bots are not a new concept, Snorter has been designed specifically for sniping with limit orders, MEV-resistant token swaps, copy trading, and even rug-pull protection. It’s one thing to get in first, it’s another thing to know when to sell—Snorter Bot can help. The project is off to a strong start— $SNORT has already raised almost $2.3 million in its initial presale weeks, likely driven by its high 161% APY on staking to rewards early investors. You can keep up with Snorter on X , Instagram , or join the presale on the Snorter website . The post XRP Price Prediction: Double Bottom Pattern Opens Door for Bull Market – Is This the Setup for a New All-Time High? appeared first on Cryptonews .

2025-08-01 22:14
Weekly Crypto Regulation Roundup: SEC Advances ETF Reform, White House Unveils Crypto Roadmap
This week marked a turning point in U.S. crypto regulation, as both Congress and regulatory agencies moved forward with frameworks that could finally bring clarity to the digital asset space. With the SEC unveiling sweeping ETF reform and the White House publishing its long-awaited crypto policy report, America is sending a clear message: the U.S. wants to lead the next chapter of digital finance. Trump’s Crypto Regulation Roadmap Looks to Cement U.S. Leadership On July 30, the President’s Working Group on Digital Asset Markets released a 166-page report outlining the Trump administration’s blueprint for transforming the U.S. into the “Crypto Capital of the World.” The document, which embraces terms like “Golden Age of Crypto,” proposes legislative and regulatory clarity as the foundation for future growth. Trump admin report calls for clear SEC/CFTC crypto rules, DeFi adoption & modern bank reforms. #Trump #CryptoRegulations https://t.co/qLYj3tAhZ2 — Cryptonews.com (@cryptonews) July 30, 2025 Key recommendations include giving the Commodity Futures Trading Commission (CFTC) explicit authority over spot markets for non-security digital assets and formally integrating decentralized finance (DeFi) into traditional market infrastructure. The report also calls for Congress to affirm the right of people to custody their own digital assets and transact peer-to-peer without financial intermediaries. Additionally, the report reflects a political strategy as well. With Trump enjoying a 72% approval rating among crypto holders—according to internal polling cited in the report—there’s no doubt that crypto policy is becoming a serious campaign platform. Industry leaders have responded positively. Rebecca Liao, co-founder, and CEO of Web3 protocol Saga, commented: “By today’s standards, this policy document is not controversial and reflects crypto consensus. Because the recommendations are more reasonable, they should be easier to implement than the extreme ideas often floated on Crypto Twitter.” “Even diehard crypto maxis now accept that unchecked manipulation has eroded trust. For this market to grow sustainably, that issue can’t be ignored much longer,” said Liao. Congressional Pressure Mounts to Pass Crypto Market Structure Legislation Following the report’s release, House Financial Services Committee Chairman French Hill issued a statement urging the Senate to act swiftly. With the GENIUS Act already the law and the CLARITY Act receiving overwhelming bipartisan support in the House, Hill is pushing for crypto market structure legislation to reach President Trump’s desk. “I’m pleased to see the Working Group’s strong support of the CLARITY Act,” said Hill. “Now the Senate must expeditiously work to deliver critical legislation that realigns our regulatory landscape with the President’s vision.” SEC Unveils Project Crypto and Advances ETF Reform In tandem with the White House roadmap, the SEC launched “Project Crypto,” a sweeping initiative designed to modernize securities laws to accommodate blockchain-based financial products. Chairman Paul Atkins announced the initiative during a speech at the America First Policy Institute, stating that the time had come to bring crypto asset issuance and trading back to U.S. soil. SEC Chairman Paul Atkins launches 'Project Crypto' initiative to make America the 'crypto capital of the world' through comprehensive regulatory modernization. #SEC #Crypto #America https://t.co/7dVUQ2rEZ8 — Cryptonews.com (@cryptonews) July 31, 2025 Perhaps most impactful is the SEC’s new Generic Listing Standards for crypto exchange-traded products. These rules, published via the CBOE, outline that any crypto asset with active futures markets for at least six months would automatically qualify for ETF listing. Analysts believe up to a dozen tokens could be approved by October, opening the door to a more inclusive and transparent crypto investment market. SEC establishes new crypto ETF listing standards enabling approximately dozen major digital assets to gain approval by October through streamlined framework. #SEC #ETFs https://t.co/grlJtGb5tH — Cryptonews.com (@cryptonews) July 31, 2025 A New Era for Regulated Crypto Investing? The week’s developments in crypto regulation suggest that after years of fragmented regulation and uncertainty, a new era may be dawning for U.S.-based crypto investors. Policies are becoming more predictable, access is being broadened, and lawmakers are working in parallel with regulators to build lasting infrastructure. Laurent Kssis, CEO of CEC Capital and a seasoned crypto ETP expert, welcomed the FCA’s recent decision to allow UK retail investors access to crypto ETNs as a sign that matures regulatory environments are finally gaining momentum. The UK FCA will allow retail investors to access crypto ETNs starting Oct 8—reversing a 4+ year ban. #FCA #ETNs https://t.co/aK2NkOS0Md — Cryptonews.com (@cryptonews) August 1, 2025 As we enter the second half of 2025, the tone is clear: crypto is no longer a fringe asset class. With regulatory foundations being laid in Washington, the opportunity to reshape global digital finance is very much alive—and increasingly being led from the top. The post Weekly Crypto Regulation Roundup: SEC Advances ETF Reform, White House Unveils Crypto Roadmap appeared first on Cryptonews .

2025-08-01 22:07
Cardano Price Prediction: New Stablecoin on Cardano Praised as ‘More Advanced’ Than USDC – Will Investors Finally Take Notice?
The Cardano price (ADA) has fallen nearly 8% in the past 24 hours, reinforcing a bearish short-term Cardano price prediction as the broader crypto market shows signs of entering a deeper correction. However, a new development on the Cardano network could soon help turn the tide in ADA’s favor. This week, USDM , a native Cardano-based stablecoin developed by Moneta , officially launched. Charles Hoskinson, Cardano’s founder, has called it “the most advanced stablecoin ever built,” suggesting it could be a game-changer for the Cardano ecosystem as it competes for real-world utility and institutional interest. Moneta's USDM is becoming the most advanced stablecoin ever built https://t.co/r32xbbfCbE — Charles Hoskinson (@IOHK_Charles) July 31, 2025 Moneta’s stablecoin is a privacy-focused asset that caters to enterprise-grade needs. According to data from DeFi Llama, stablecoin reserves in Cardano currently sit at $36 million – a negligible amount compared to the more than $11.4 billion reserves boasted by Solana and mere pocket change compared to $133 billion in stable assets parked in the Ethereum Virtual Machine (EVM). Moneta (USDM) already dominates this market with a 32% dominance. The reason for this is that Cardano does not support traditional stable assets like USDT or USDC. Hence, the launch of USDM could foster a new era for Cardano’s DeFi ecosystem, which supports a long-term bullish Cardano price prediction . Cardano Price Prediction: ADA Hits Key Trend Line Support Today Trading volumes today have increased by 9% as the price of ADA has hit a key trend line support. The crypto market was in need of a more pronounced correction like this after rallying for nearly a month. We can see that negative momentum has been accelerating as ADA got close to $1. The 9-day exponential moving average (EMA) seems poised to cross below the 21-day EMA and send a first ‘sell’ signal while the price has also hit the 200-day EMA. The confluence between ‘TL1’ and this key indicator increases the odds of a strong bounce. However, the price could break below this area and could still find support at ‘TL2’. This scenario would still keep the uptrend alive while the last line of defense before a ‘trend reversal’ verdict can be given would be the $0.61 level. The price action still favors a bullish Cardano price prediction at the moment as long as any of these support areas hold. The launch of USDM is exciting news for ADA. However, the best crypto presales like SUBBD (SUBBD) could outperform well-established tokens, especially as ‘altcoin season’ could start at any moment. SUBBD Raises Nearly $1M to Build the Ultimate Platform for Creators SUBBD (SUBBD) is reimagining how influencers earn online, giving them full control, better payouts, and a censorship-free space to grow. This new platform lets creators monetize not only their original work but also AI-generated content, opening the door to real passive income. With nearly $1 million already raised in its presale, SUBBD is quickly becoming one of the most exciting creator-focused projects in crypto. This project stands out by offering low platform fees and removing the unfair bans that often limit creators’ earnings on centralized platforms. Through the SUBBD governance token , influencers get a real voice in shaping moderation policies — something unheard of in traditional content platforms. Fans can also use the token to unlock subscription discounts , get early access to features , and enjoy other exclusive perks. With over 2,000 creators already onboarded and millions of followers behind them, demand for SUBBD could surge rapidly once the platform launches. To buy $SUBBD at its discounted presale price and reap the highest returns, head to the SUBBD website and connect your wallet (e.g., Best Wallet ). You can either swap USDT or ETH or use a bank card to invest. The post Cardano Price Prediction: New Stablecoin on Cardano Praised as ‘More Advanced’ Than USDC – Will Investors Finally Take Notice? appeared first on Cryptonews .

2025-08-01 21:50
Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force
Key Takeaways: Hong Kong’s licensing regime could allow HKD- and CNY-pegged stablecoins to compete in Asian settlement markets dominated by the USD. Regulatory clarity may encourage institutional entry, but smaller firms could face high compliance costs under the new framework. Non‑USD stablecoin initiatives could test whether regional demand supports alternatives to dollar-backed assets in practical financial operations. Hong Kong’s Stablecoin Bill officially took effect on August 1, establishing a licensing regime for fiat‑referenced stablecoin issuers. Under the new Ordinance, any entity issuing fiat‑referenced stablecoins in Hong Kong—or abroad if pegged to the Hong Kong dollar—must obtain a license from the Hong Kong Monetary Authority. Hong Kong Among First Regions to Regulate Stablecoins According to a recent report , issuers are required to maintain proper reserve asset management, segregate client assets, operate stabilization mechanisms, and honor redemption requests at par value under reasonable conditions. The law also mandates compliance with anti‑money laundering and counter‑terrorist financing standards, risk management protocols, disclosure rules, audits, and fit‑and‑proper criteria. The Monetary Authority said it will conduct further consultations on detailed requirements in the future. Only designated licensed institutions may sell fiat‑referenced stablecoins in Hong Kong, and retail investors are limited to those issued by licensed providers. To combat fraud, advertising for unlicensed stablecoin issuance is prohibited, including during the six‑month non‑contravention period. Non-USD Options Emerge in Alternative Markets The Ordinance passed by the Legislative Council in May now places Hong Kong among the first global financial hubs with a dedicated licensing system for fiat‑referenced stablecoins. By enforcing strict reserve and redemption rules, the framework seeks to reduce systemic risks and protect retail participants. Green fintech is reshaping finance for a sustainable future. As climate action and ESG integration take centre stage globally, this powerful fusion of finance and technology is driving real change. pic.twitter.com/gadX2UN2ny — HKMA 香港金融管理局 (@hkmagovhk) July 30, 2025 Institutional adoption may increase under the regime, as regulatory clarity often attracts larger financial players. However, compliance costs could limit participation from smaller firms, potentially concentrating the market among major issuers. The law also positions Hong Kong to compete with jurisdictions like the U.S. and Singapore, where stablecoin frameworks are advancing. International alignment may prove key in drawing cross‑border capital and facilitating regulatory cooperation. With the U.S. dollar-based stablecoins taking the lead in the global market, products like the HKD stablecoins and offshore CNY stablecoins are exploring opportunities to break out of the USD dominance in regional markets. If successful, the launch of non-USD stablecoins could offer a widely accepted alternative to mainstream settlement measures. Frequently Asked Questions (FAQs) Will the licensing regime impact stablecoin transaction fees in Hong Kong? By enforcing reserve and compliance requirements, issuers may face higher operational costs, which could influence transaction fees for users. What protections exist if a licensed stablecoin issuer fails? The reserve segregation and redemption rules are designed to ensure holders can redeem at par value even if the issuer collapses. Could banks in Hong Kong play a role in issuing licensed stablecoins? Yes. The framework opens a pathway for traditional financial institutions to issue fiat‑referenced stablecoins under strict regulatory oversight. The post Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force appeared first on Cryptonews .

2025-08-01 21:47
ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M
Ethereum is trading at $3,616 after a -2.24% pullback with BlackRock’s iShares ETH ETF recording $17.65 million daily inflows while maintaining a bullish structure above all major EMAs, positioning ETH for a potential rebound toward $3,800 or a deeper correction testing the $3,400 support zone. ChatGPT’s ETH analysis synthesizes 26 real-time technical indicators, ETF institutional flows, 10th anniversary developments, and ecosystem growth metrics to assess ETH’s 90-day trajectory amid key technical inflection between healthy consolidation and explosive breakout momentum. Technical Analysis: Healthy Pullback Within Strong Bullish Structure Ethereum’s current price of $3,616 reflects a -2.24% daily decline from $3,699 , establishing a trading range between $3,725 (high) and $3,568 (low). This controlled volatility demonstrates healthy correction within a strong uptrend structure. Source: TradingView Moving averages reveal an exceptional bullish structure with ETH above all major EMAs: 20-day at $3,539 ( +2.1% ), 50-day at $3,136 ( +13.3% ), 100-day at $2,828 ( +21.8% ), and 200-day at $2,693 ( +25.5% ). This represents one of ETH’s strongest technical setups recently. The RSI at 60.95 sits in neutral-bullish territory with substantial room for continued upward movement. MACD shows mixed signs at -35.25, but a positive histogram at 270.03 suggests building momentum despite bearish positioning. Source: TradingView Volume at 31.4K ETH indicates steady institutional participation, while ATR at 2,540 suggests a high volatility environment with potential for massive moves once consolidation resolves. Historical Context: Explosive Recovery from Spring Correction Ethereum’s 2025 performance demonstrates strong resilience with explosive recovery from April’s $1,385 low to current consolidation above $3,600 . This 168%+ appreciation showcases fundamental strength and institutional confidence. January-March correction from $3,298 to $1,823 , followed by April’s decline to $1,500 , established institutional accumulation opportunities. The decisive spring bottom marked the foundation for explosive recovery momentum. May-July recovery showed consistent strength with ETH rebounding from $1,700 to $3,650 in June, continuing toward current levels. Source: TradingView This 51.84% monthly gain represents Ethereum’s strongest performance since 2022 . Current pricing sits 25.75% below all-time high while maintaining extraordinary 862,000%+ gains from 2015 lows, showing both remaining upside potential and proven institutional-grade appreciation capacity. Support & Resistance: Multiple Strong EMA Support Layers Immediate support emerges at today’s low around $3,568 , reinforced by the key 20-day EMA at $3,539 . This confluence provides primary defense with multiple EMA layers, creating exceptional downside protection. Key support demonstrates strong depth with 50-day EMA at $3,136 ( +13.3% buffer), 100-day EMA at $2,828 ( +21.8% buffer), and 200-day EMA at $2,693 ( +25.5% buffer). Resistance begins at today’s high around $3,725 , followed by psychological resistance at $3,800-$3,900 . Source: TradingView Major resistance emerges at $4,000-$4,100, where previous cycle highs create overhead pressure requiring substantial volume. The setup suggests pullbacks would find multiple support levels, while a breakout above $3,725 could trigger rapid appreciation toward $3,800-$4,000 based on ETF momentum. ETF Breakthrough: BlackRock Leads Institutional Adoption BlackRock’s iShares Ethereum ETF recorded exceptional $17.65 million daily inflows, contributing to total ETF net flows of $29.83 million across nine Ethereum ETFs. Source: SosoValue This represents unprecedented mainstream institutional adoption. The ETF momentum shows sustained institutional appetite with BlackRock holding 3.03 million ETH valued at $11.04 billion . This represents 2.5% of the total ETH supply, creating significant supply reduction pressure. Ethereum ETFs are experiencing their longest inflow streak ever, contrasting sharply with Bitcoin ETF outflows of $109.845 million . This rotation reflects institutional recognition of ETH’s superior utility. Aug 1 Update: 10 #Bitcoin ETFs NetFlow: -949 $BTC (-$109.845M) #ARK21Shares outflows 767 $BTC ($88.73M) and currently holds 48,500 $BTC ($5.61B). 9 #Ethereum ETFs NetFlow: +8,183 $ETH (+$29.83M) #iShares (Blackrock) inflows 4,841 $ETH ($17.65M) and currently holds 3,029,059… pic.twitter.com/2738PzvEE5 — Lookonchain (@lookonchain) August 1, 2025 Market Fundamentals: Strong Metrics Despite Pullback Ethereum maintains its position as the second-largest cryptocurrency with $438.45 billion market cap, demonstrating institutional validation. The 3.56% market cap increase accompanies an exceptional 19.36% volume surge to $43.28 billion . The 9.57% volume-to-market cap ratio indicates exceptional trading activity. Source: CoinMarketCap Circulating supply of 120.7 million ETH reflects deflationary tokenomics through EIP- 1559 fee burning. Market dominance of 11.85% positions Ethereum as a major institutional-grade cryptocurrency. Ecosystem Milestones: 10th Anniversary Catalysts Ethereum’s 10th anniversary coincides with a proposed 10-year “lean” roadmap targeting 10,000 transactions per second and simplified technical complexity. This addresses scalability while maintaining decentralization principles. The ecosystem shows exceptional growth with DApp usage surging and treasury surpassing $10 billion . Vitalik: Ethereum Must Ensure It Never Goes Down On the occasion of Ethereum’s 10th anniversary, Ethereum co-founder Vitalik shared his hopes and excitement for the next decade during the anniversary livestream. He recalled that the original thought was to create an open space… pic.twitter.com/W01z2K6ZTZ — Wu Blockchain (@WuBlockchain) August 1, 2025 Social Sentiment: Strong Community Engagement LunarCrush data reveals solid social performance with Ethereum’s AltRank at 121 , indicating strong community engagement. Galaxy Score of 66 reflects building positive sentiment around institutional developments and anniversary celebrations. Engagement metrics show substantial activity with 40.11 million total engagements, 203.25K mentions, and 44.6K creators contributing to discussions. Social dominance of 13.8% demonstrates substantial attention relative to market position. Sentiment registers at robust 83% positive, reflecting optimism around ETF inflows, anniversary developments, and institutional partnerships. Recent themes focus on ETH outperforming Bitcoin and $8,000 price predictions. $ETH Hidden Bullish Power Brewing Ethereum is playing a smarter game than Bitcoin right now. While BTC made a lower low… ETH held strong with higher lows. That’s not just price action it’s strength under pressure. Here’s what’s unfolding: 1. Bearish volume fading since… pic.twitter.com/RclSje1YRu — Marcus Corvinus (@CryptoBull009) August 1, 2025 Three-Month ETH Price Forecast Scenarios ETF-Driven Institutional Breakout (50% Probability) Continued ETF inflows combined with anniversary momentum could drive explosive appreciation toward $5,000-$6,000 , representing 40-65% upside from current levels. This scenario requires sustained volume above 50K ETH daily and a successful break above $3,800 resistance. Source: TradingView Technical targets include $4,000 , $4,500 , and $5,500 based on historical resistance levels and institutional flow projections. Extended Consolidation (30% Probability) Broader market uncertainty could result in extended consolidation between $3,200-$3,800 , allowing technical indicators to reset while institutional positioning continues. Source: TradingView Support at multiple EMA levels would likely hold during consolidation, with volume normalizing around 35-40K ETH daily. This sideways action could extend 6-10 weeks pending major catalyst developments. Correction on Market Weakness (20% Probability) Broader crypto market weakness could trigger selling toward $3,100-$3,400 support levels, representing 10-15% downside from current levels. Source: TradingView Recovery would depend on ETF buying at lower levels and continued institutional adoption through dip-buying opportunities. ChatGPT’s ETH Analysis: Institutional Validation Meets Technical Strength Ethereum’s positioning reflects unprecedented convergence of institutional validation through ETF adoption, technical strength above all EMAs, and ecosystem milestone momentum. Next Price Target: $5,000-$6,000 Within 90 Days The immediate trajectory requires decisive recovery above $3,725 resistance to validate continued institutional momentum over healthy consolidation. From there, ETF adoption acceleration could propel Ethereum toward $5,000 psychological milestone, with sustained institutional flows driving toward $6,000+, representing new cycle preparation highs. However, failure to reclaim $3,725 would signal extended consolidation to $3,400-$3,600 range as the market experiences profit-taking. The post ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M appeared first on Cryptonews .

2025-08-01 21:43

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