Arbitrum's price is currently around $0.39, a decrease of 7.93% in the last 24 hours. It's facing resistance at $0.50, and breaking above this level could lead to a rise towards $0.74 and potentially $1. However, short-term momentum is slowing down, and the price might dip towards $0.36 where there's a significant amount of liquidity. If it breaks below this trendline, it might fall to $0.36 before a potential rebound. For a bullish trend to start, Arbitrum needs to form a higher low above the $0.32 to $0.42 range and reclaim the $0.50 level. Overall, the current structure suggests a gradual build-up, and if it can reclaim $0.50 and hold a higher low, it could slowly rise towards $1 in 2025.

Arthur Hayes, a well-known figure in the cryptocurrency world, has reportedly sold approximately $13.35 million worth of his crypto holdings. This action is notable because it contradicts his publicly expressed optimistic views on the future of the crypto market. The specific cryptocurrencies sold and the exact reasons behind the sale were not detailed in the report, but the substantial amount sold suggests a potentially significant shift in Hayes' investment strategy despite his continued bullish statements.

Ripple's Chief Technology Officer (CTO) has proposed an upgrade to the XRP Ledger (XRPL). This proposal comes as the XRPL has reached a milestone of 70 million transactions in a single month. The proposed upgrade is intended to improve the ledger's functionality and potentially its performance, coinciding with a period of high transaction volume on the network.

Solana's price has decreased by over 20% in the past week, falling from around $205 to approximately $165. This drop follows a broader market correction, with Solana's performance trailing behind Ethereum and SUI. The decline may be attributed to a shift in focus from memecoins and speculative activities towards long-term infrastructure development, potentially reducing short-term enthusiasm. Technical indicators, including broken moving averages, a declining RSI, and a bearish MACD crossover, suggest potential for further price decreases. The $163 level is a key support to watch, as breaking below it could trigger further declines. Solana's market capitalization remains above $88 billion, ranking it sixth among all cryptocurrencies, and trading volume has increased by 40% in the last 24 hours.

Bitcoin experienced a price decrease to around $113,000 after reaching over $123,000 earlier in July. Despite this, some analysts predict Bitcoin could rise to between $130,000 and $150,000 by the end of the year, depending on continued investment through ETFs and stable macroeconomic conditions. Factors potentially driving this increase include expected interest rate cuts by the Federal Reserve, clearer regulations from financial authorities, and the implementation of Europe's MiCA framework. Bitcoin mining is expected to become more competitive, favoring miners with efficient technology and access to cheap energy. Some prominent figures, like Tom Lee of Fundstrat, predict Bitcoin could even reach $250,000 by year-end, while others such as Charles Schwab and Mike Novogratz foresee it reaching $1 million by the end of 2025.

The SEC announced a new initiative called Project Crypto, aiming to create clear regulations for on-chain trading, tokenized assets, and decentralized custody within the crypto space. Following the announcement, XRP's price dropped below $3, reaching as low as $2.89, with a 3.57% decrease in one session, and indicators showing strong selling pressure. Similarly, Solana's price fell from $169 to around $166, settling near $167.30, with selling indicators suggesting that large investors were exiting positions. The overall market reaction was jittery, as traders reacted to the news with caution, anticipating potential implementation challenges and enforcement concerns despite the long-term goal of regulatory clarity, creating increased volatility.

A new model suggests that XRP's price could potentially reach $90 with a $10 billion buy order. The model, created by EasyA co-founder Phil Kwok, shows that such an order could increase XRP's market cap from $176.1 billion to $5.3 trillion. This is due to the limited amount of XRP available for sale at higher prices, which could cause prices to increase rapidly. Analyst Dom has also pointed out that relatively small buy orders could significantly increase XRP's price because of thin liquidity in the market. As an example, $61 million in net buying pressure recently added $16.6 billion to XRP's market cap, showing that market cap figures can be misleading without understanding liquidity. The analysts have observed that a number of XRP holders have high sales expectations and have no plans to sell until high price targets are reached.

Cybersecurity researchers at Zimperium have identified a rapidly evolving Android malware called DoubleTrouble that is targeting users' bank accounts. This malware is distributed through channels like Discord and has gained advanced capabilities to steal personal information. It can trick users into downloading it by disguising itself as an extension or add-on with a Google Play icon. The malware steals PIN codes, unlock patterns, login credentials, and records screens. It also blocks legitimate banking and security apps with fake system maintenance prompts, simulates user actions to remotely control devices, and steals passwords and banking details. The attacks are ongoing, mainly targeting users in Europe through phishing websites and APKs hosted on Discord.

Three Democratic senators have sent a letter to the new head of the Office of the Comptroller of the Currency (OCC) regarding potential conflicts of interest related to former President Trump's crypto ventures, specifically the USD1 stablecoin. The senators are concerned that the recently passed Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which makes the OCC the primary regulator of stablecoin issuers, could lead to the agency having to review an application from a company tied to Trump, potentially influencing his finances. They highlight a $2 billion deal between Trump's World Liberty Financial (WLFI) and an Emirati firm, alleging potential corruption. The senators have requested answers from the Comptroller by August 14th on questions regarding his independence from presidential influence and his commitment to resign if pressured to benefit WLFI or harm its competitors.

XRP is currently priced at $3.24, showing a slight increase of 2.01% in the last 24 hours, but still down over 8% for the week. It needs to hold above $3.20 and gain momentum towards $3.50 to maintain a bullish outlook. Resistance levels to watch are around $3.45-$3.55, and if breached, could lead to targets of $3.80 and $4.00. The Relative Strength Index (RSI) suggests mild bullish momentum. The article also highlights MAGACOIN FINANCE, suggesting a potential investment opportunity where a $1,400 investment could grow to $23,000 based on current projections.

Bitcoin's price dropped below $115,000, causing a significant downturn in the cryptocurrency market. This decline led to the liquidation of over $700 million in long positions in the crypto derivatives market, with a total of $804 million liquidated across all cryptocurrencies. Long positions, bets that the price would rise, accounted for 92% of these liquidations. Ethereum experienced the highest amount of liquidations at $250 million, followed by Bitcoin at $200 million. Despite these liquidations, there has been a notable increase in Bitcoin Open Interest on the ByBit exchange, suggesting continued speculative activity in the market.

Shiba Inu (SHIB) celebrated its fifth anniversary on August 1, 2025. Lucie, a SHIB executive, highlighted key milestones since its launch in 2020 by Ryoshi. SHIB's lowest price was $0.00000004 in March 2021, and its highest was $0.0000885 on October 28, 2021, when its market capitalization reached approximately $41 billion with a daily trading volume of about $30 billion. The token is now listed on roughly 115 exchanges and is held in over 1.5 million wallets. Since its launch, the token has grown by approximately 21,600,000%. Besides price achievements, the ShibaSwap decentralized exchange launched in July 2021, and the Shibarium layer-2 blockchain was launched in August 2023 to expand SHIB's utility and reduce transaction costs. The SHIB community celebrated the anniversary, noting its evolution from a meme coin to a broader ecosystem with features like ShibaSwap and Shibarium.

The Pi Network's native token, PI, has hit a new all-time low of $0.34, experiencing a 16% drop in the last 24 hours and a 30% decrease over the past month. This decline follows a period of significant token unlocks where over 10 million coins were frequently released daily. The increased selling pressure has led to speculation about who is selling the token at such low prices. However, data suggests that the token unlocks are scheduled to decrease in the coming month, potentially reducing selling pressure and stabilizing the price.

Shiba Inu (SHIB) holders are optimistic about the cryptocurrency potentially reaching the top five crypto rankings by market capitalization, a goal initially outlined by the lead developer in November 2024. Large investors have recently moved trillions of SHIB tokens from exchanges, fueling this optimism. To reach third place, currently held by XRP, SHIB's market cap would need to increase by approximately 2,386% to $179 billion, pushing its price to $0.000303. To reach fourth place, currently held by USDT, a 2,177% increase to $164 billion would be needed, resulting in a price of $0.000278. Surpassing BNB for fifth place would require a 1,400% increase to $108 billion, bringing the price to $0.000183. ChatGPT suggests SHIB could reach $0.000183 within six months to two years, but achieving higher targets would require a major bull run. However, the lack of institutional interest, possibly due to the anonymous nature of the Shiba Inu team, could hinder its progress compared to other meme-based tokens with spot-based ETF filings.

On August 1, 2025, the cryptocurrency market experienced a significant downturn, resulting in $754 million in liquidations in a 24-hour period. Bitcoin, Ethereum, Solana, Cardano, and Dogecoin were among the assets affected. The total market capitalization decreased by 3.95% to $3.7 trillion. Bitcoin's price dropped to $114,892, while Ethereum fell to $3,620. Altcoins like Cardano, XRP, and Solana experienced even larger declines. New tariffs imposed by the U.S. and the Federal Reserve's decision to maintain high interest rates contributed to the market's risk-off sentiment. Movement of Bitcoin from dormant miner wallets and liquidations of large leveraged positions of some traders added to the market volatility. Some traders profited from shorting Ethereum during the downturn.

Bitcoin's price recently dipped below $115,000, hitting $114,326 before recovering slightly. This drop happened because many traders who were betting on Bitcoin's price going up (using borrowed money) closed their positions, leading to more selling. Data shows that the amount of open positions on Binance, a major exchange, decreased significantly, and there was a large increase in selling activity. However, some analysts believe that a temporary price increase could happen soon. Also, a large number of Bitcoins that have been inactive for over seven years are now being moved, indicating that big investors are changing their holdings. The amount of these older coins being moved each month has increased significantly, and the size of each transfer is much larger than before.

The price of Pi coin has dropped, leading some to wonder if now is a good time to buy. One expert, Dr. Altcoin, suggests that those who invest now and think long-term could benefit in the future, comparing it to early opportunities with Bitcoin and Ethereum. He advises making a plan and not reacting to short-term price changes. Another market watcher, The Times of PiNetwork, notes that the price may recover if traders see the drop as a buying opportunity, but warns that a further decline is possible if the price falls below its current support level. They also point out a lack of recent news from the Pi Coin developers, which could decrease confidence in the coin. Concerns have also been raised about the limited number of useful applications for Pi and the fact that many users cannot yet access their coins, suggesting that more apps and another round of coin migration are needed for the network to grow.

XRP community member Versan Aljarrah suggests XRP could gain exposure to gold by acting as a bridge for gold-backed tokens on the XRP Ledger (XRPL), rather than being directly backed by gold itself. This would involve XRP facilitating the movement of gold-pegged stablecoins on the XRPL, creating a synthetic link to tokenized assets like gold. Meld Gold is currently working to introduce a gold-backed stablecoin on the XRPL, with each token representing one gram of physical gold. Other community members have speculated about XRP being connected to gold reserves, but these ideas have lacked technical support, with some Ripple developers stating XRP cannot be backed by gold.

The U.S. government is experiencing significant delays in approving thousands of export licenses, impacting American companies' ability to ship goods and technology, particularly to China. These delays are attributed to internal issues within the Bureau of Industry and Security (BIS), including staff shortages and strict regulations implemented by under-secretary Jeffrey Kessler. Concerns have been raised about Kessler's micromanagement and restricted communication policies. The delays are hindering international trade and raising concerns about the U.S.'s position as a trading power, with Nvidia's AI chip shipments to China being among those affected.

The article explores the potential impact on XRP's price if global retirement funds allocated 1% of their assets to the cryptocurrency. Global retirement funds manage approximately $50 trillion in assets. A 1% allocation would mean a $500 billion investment in XRP. Currently, XRP is trading around $3.00 with a market capitalization of $165 billion. A direct, linear calculation suggests the price of XRP could rise to $11.28 if such an investment occurred. Factoring in market dynamics and a multiplier effect, the price could potentially range between $17 and $34. The U.S. Department of Labor has rescinded its previous restrictions on crypto assets in retirement plans, now taking a neutral stance. This could pave the way for increased institutional investment in XRP.

Recent data indicates that traders on the HyperLiquid decentralized exchange (DEX) are becoming more cautious. A whale trader made a $13.6 million profit and then bought $12.8 million worth of ETH, suggesting a move away from leveraged positions. Open interest in top cryptocurrencies was high, leading to concerns about potential market volatility. HyperLiquid's perpetual futures trading volumes, which had surged to $18.14 billion in July, have decreased to around $10 billion, signaling reduced risk appetite. Similarly, DEX volumes have fallen from a July peak of $829 million to $600 million. Despite this cautious outlook, the market is awaiting clearer directional signals. Short positions on HyperLiquid are currently higher than long positions. The price of HyperLiquid's native coin, HYPE, has declined from its mid-July peak of $49.8, recently trading at $40.9, due to sell pressure potentially linked to renewed tariff war concerns. Analysts suggest HYPE could fall to the $24 to $29 range, with its long-term outlook depending on HyperLiquid's continued growth.

Coinbase is in a legal dispute with the Federal Deposit Insurance Corporation (FDIC) over access to information about 'pause letters' that the FDIC allegedly sent to banks, discouraging them from working with crypto companies. Coinbase believes the FDIC is withholding information and is asking a judge to force the FDIC to disclose more details, including all Freedom of Information Act (FOIA) denial letters issued between 2020 and 2024 and to provide sworn testimony about how it handles FOIA requests. Coinbase claims the FDIC initially tried to hide the letters and that its internal policy tells examiners to withhold any document touching on Exemption 8 in full, with no duty to segregate factual from analytical or deliberative material. Coinbase Chief Legal Officer, Paul Grewal, stated that the FDIC is stonewalling their efforts. A survey indicated that 75% of crypto funds are struggling to get basic banking services due to banks' caution regarding regulatory risks.

Major asset management firms like Franklin Templeton, Grayscale, VanEck, and Fidelity have updated their applications with the SEC to create exchange-traded funds (ETFs) for Solana. These revised filings include details about staking and custodianship, showing progress in discussions with regulators. Grayscale proposes a 2.5% annual fee in SOL, and VanEck suggests staking rewards and dual custodianship. While Solana's price initially fell to $170.24 following the news, potentially due to market caution or the news already being priced in, approval of a Solana ETF could significantly increase investment and adoption. Technical indicators show key support levels for Solana are at $170 and $158, while a move above $180 could signal renewed bullish activity. Approval is anticipated as early as late August or September 2025.

Despite the Bank of England cutting interest rates four times since July of last year, UK households are financially worse off by approximately $14.5 billion annually compared to a year ago. While the Bank of England has reduced its key rate from 5.25%, savers are earning less on their deposits, and many homeowners are locked into mortgages with higher interest rates. Consumer spending, crucial for the UK economy, remains weak as people save more due to economic uncertainty. The Bank of England is expected to cut rates further, potentially to 4% soon and eventually to 3.5% by Spring 2026. However, inflation is high, causing concerns about further rate cuts. Lower rates have already cost savers nearly 5 billion in lost earnings, and households are paying 6 billion more annually in interest. About one million people still have mortgage deals above current rates and the Bank estimates a typical homeowner could pay about 1,300 extra a year in mortgage costs over the coming 2 years.

Ripple's XRP token is currently in a correction phase, experiencing a downtrend after failing to sustain a price of $3.6. The price has fallen to a key support level of $3, and if this level breaks, the next support target is $2.7. Market indicators like MACD and RSI confirm bearish momentum over the last two weeks. Selling activity has been dominant in the past 15 days, but decreasing selling volume suggests potential for buyers to re-enter the market.

Hyperliquid (HYPE) has dropped below its previous support level of $40, which is now a resistance point. The price is expected to potentially fall to $37, and if that level breaks, it could drop further to around $32. Bears have returned to the market, causing a continuous decline in price over the past four days. A bearish cross on the 3-day MACD indicator suggests that a significant correction is underway, potentially lasting several weeks, and could push the price into the low $30s if buying pressure doesn't increase.

XRP's price is generating significant discussion as it approaches a critical level of $3.03. This price point has historically acted as a barrier, preventing monthly closes above it. If XRP surpasses $3.03, some analysts predict a potential surge to $11 or even $18.50. However, not all traders agree; one trader has placed a $500,000 bet that XRP's price will decline, potentially yielding a $3 million profit if successful, but risking liquidation if XRP reaches $3.65. Other analysts suggest a possible drop to $0.80 if XRP fails to maintain above $3.15. The cryptocurrency is currently trading around $3.15, reflecting a 40% increase over the past month.

Ethereum's price is near recent highs, but on-chain data suggests it's not a market top yet. Unrealized profits for most Ethereum holders remain low, indicating they haven't cashed out. Notably, an entity linked to SharpLink Gaming has significantly increased its Ethereum holdings to over $800 million, surpassing even the Ethereum Foundation's holdings. Retail investor interest in Ethereum remains weak, as measured by Google Trends and Wikipedia traffic. This combination of large investors accumulating Ethereum while retail interest is low has historically preceded major price rallies.

The article discusses how large cryptocurrency investors, known as whales, have been accumulating Chainlink (LINK). However, with LINK's growth potentially slowing, these whales are now looking at new opportunities, particularly Mutuum Finance (MUTM), a decentralized lending protocol currently in presale. Mutuum Finance offers a Protocol-to-Contract (P2C) model where lenders can earn interest and stake mtTokens for MUTM dividends, creating a dual-income stream. The MUTM presale is in Phase 6, priced at $0.035, having already raised over $13.9 million, with a planned price increase to $0.040 in Phase 7. The protocol plans to launch a decentralized stablecoin and supports Peer-to-Peer (P2P) lending. Mutuum Finance has undergone security audits, including a $50,000 bug bounty with CertiK, and aims to offer capital efficiency and passive income.

The UK's Financial Conduct Authority (FCA) is planning to allow retail investors to access crypto exchange-traded notes (cETNs) on approved exchanges. This reverses a previous restriction and aligns the UK with other regions like the US and EU. cETNs are debt securities that track cryptocurrency performance, but they don't directly hold the underlying crypto assets. The FCA will still enforce strict rules on how these products are marketed to ensure investors are well-informed about the risks. While this opens up cETNs to retail investors, other crypto derivatives like futures and options will remain restricted due to their higher risk. Also, UK retail investors still cannot directly invest in US spot crypto ETFs. Firms offering cETNs must follow the Consumer Duty framework, ensuring fair and transparent practices for clients. Investors are advised to understand the volatility of crypto markets before investing.

Bitcoin experienced a price drop, briefly falling below $115,000, which triggered significant selling activity on crypto exchanges like Binance. This sell-off resulted in a decrease in open interest on Binance, falling from $14 billion to under $13.5 billion, alongside $760 million in liquidations affecting approximately 183,514 traders in a single day. Binance's net taker volume, which reflects the difference between buying and selling activity, turned negative, reaching -$160 million, indicating strong selling pressure. Despite these bearish signals, some analysts suggest the selling pressure might be exhausting, potentially leading to a short-term rebound, but on-chain data also points to continuing bearish momentum. Bitcoin's ability to hold support at $110,000 will be crucial for it to potentially reach its year-end target of $180,000. Currently, Bitcoin is trading at $115,310, down 2.1% over the past 24 hours.

GEMtrust DAO has launched GEM DiCom, a new digital commodity token (an ERC-20 token) linked to a portfolio of investment-grade gemstones stored in a secure vault in Switzerland. The token's value is influenced by the supply and demand of these gemstones, with auditable records available on the blockchain. It is designed to offer investors transparent access to real-world assets through blockchain technology. GEMtrust emphasizes that GEM DiCom is not a stablecoin and doesn't guarantee price stability or redemption, but aims to leverage the characteristics and market dynamics of rare physical resources. Holders of GEM DiCom will have voting rights through the GEMtrust DAO for decentralized governance. New token minting will be controlled, with a limit of 1.5% of the circulating supply available to a customer at launch. The project aims for long-term growth with compliant and transparent operations.

Bitcoin's price fell to around $113,000, triggering over $200 million in liquidations, after Donald Trump made comments about moving nuclear submarines and criticized the Federal Reserve and labor data. This drop occurred amidst geopolitical concerns and economic uncertainty. Bitcoin futures premiums also decreased, indicating a cautious market sentiment. Ray Dalio suggested investors should consider allocating up to 15% of their portfolios to Bitcoin or gold as a hedge against rising U.S. debt.

The article details how Sahil Arora allegedly scammed crypto users out of over $30 million by creating over 200 fake tokens and using celebrity endorsements to pump and dump their value. Arora reportedly built a large social media following to appear legitimate, and recruited celebrities to promote his tokens, leading to investors buying in and then losing money when Arora sold his holdings at the peak. Some of the scams mentioned include FDO, ZelaaPayAE, Zeela NFT, the Broccoli token fraud, and JENNER tokens. Investigations led to backlash and reports of Arora's arrest in Dubai, although he denied being arrested. The article highlights that crypto scams persist because many investors lack the technical knowledge to verify projects and scammers exploit this ignorance. In response to rising crypto crime, some companies are implementing measures to protect users and recover stolen funds, with Coinbase recently seizing $225 million in USDT funds and Tether assisting the FBI in recovering $40,300 from another scam.

The cryptocurrency market experienced a significant decline, dropping almost 6% in a single day. This downturn was triggered by President Trump's announcement of new tariffs on imports from numerous countries, raising concerns about a global trade war. This announcement led investors to sell off riskier assets, including cryptocurrencies. Bitcoin fell to $114,322, resulting in over $577 million in liquidated long positions. Ethereum also saw substantial liquidations totaling $168.9 million, while Bitcoin's liquidations reached $144 million. Several other cryptocurrencies, like Solana, Cardano, and Dogecoin, also experienced losses. Analysts are watching upcoming U.S. jobs data, which could influence the Federal Reserve's future monetary policy. The crypto market's reaction highlights its sensitivity to global economic events and the need for clearer regulation and economic stability.

Bitcoin is currently trading around $118,000, experiencing resistance and a slight pullback from its recent high. An analyst suggests that Bitcoin may retest the $111,000-$115,000 range due to a gap in trading activity that occurred when it rapidly rose from $110,000 to $123,000. This gap represents a price level where there was limited trading, and historically, Bitcoin has revisited similar gaps in its price history. The analyst advises investors to consider a potential pullback to $111,000 when managing their risk and investment positions, even if the overall market trend remains positive.

Asian countries are quickly developing regulations for stablecoins, spurred by the United States' recent support for dollar-backed stablecoins. South Korea is debating how to regulate won-backed stablecoins, with the Bank of Korea expressing concerns about potential financial instability and interference with capital policies. Hong Kong is actively pursuing stablecoin development, potentially as a testing ground for yuan-backed instruments, while China maintains a cautious approach with a ban on crypto trading. Dollar-backed stablecoins dominate the global market with $256 billion, compared to only $403 million for euro-pegged stablecoins. South Koreans traded over $41 billion in USDT, USDC, and USDS in the first quarter of the year. Experts suggest that Asian central banks should guide, rather than block, the development of local stablecoins to facilitate efficient on-chain systems for cross-border payments.

The International Monetary Fund (IMF) is now including Bitcoin in global economic statistics. This means Bitcoin's economic impact, including its energy consumption, will be officially measured by governments. Bitcoin will be classified as a 'non-produced, nonfinancial asset,' similar to land and other natural resources, and included in national wealth calculations. Cross-border Bitcoin transactions, like mining and staking, will be recorded as exports, and purchases will be part of the capital account. This is a big step for Bitcoin, as it brings it into the mainstream financial system and gives it more visibility in economic discussions. The IMF is updating how it measures things but continues to be cautious about countries adopting Bitcoin as a national currency. As of press time, BTC traded at $115,658.

Solana's price has dropped over 10% in the last week, trading near $177, with some analysts predicting a potential rebound to $400, while others see a lack of momentum and potential losses. Despite whale accumulation of Shiba Inu tokens, the price remains sluggish, causing investor patience to wane. Remittix (RTX), a new DeFi project, has gained over 484% and raised over $17.8 million by selling more than 576 million tokens at $0.0876 each. Remittix allows users to send crypto to bank accounts in over 30 countries, supporting over 40 cryptocurrencies and 30 fiat currencies, with a mobile wallet launching in Q3 2025. Investors are shifting towards Remittix due to its strong fundamentals, working product, and steady demand.

According to Swissblock, Bitcoin's recent attempt to reach $120,000 stalled, indicating a possible shift to bearish momentum. Profit-taking has increased, limiting upward movement, but isn't extreme. Currently, 96% of Bitcoin supply is in profit, which historically suggests a market top. However, strong holders remain, and increased demand could trigger a significant upward movement in Bitcoin, Ethereum, and altcoins. The firm's Bitcoin Fundamentals Index is neutral, with improving liquidity. The article suggests that Bitcoin is currently in a consolidation phase, trading around $115,452, and the breakout needs more demand. Most altcoins are under pressure, with only a few showing positive momentum. Profit-taking is slowing down, and selling pressure is being absorbed, suggesting a potential upcoming breakout once momentum realigns.

JD Vance and Lori Chavez-DeRemer, initially attempted to downplay a U.S. jobs report showing a sharp decline in hiring. The report indicated only 73,000 jobs were added in July, with prior months revised down by approximately 260,000, resulting in the lowest three-month average (35,000) since the pandemic. Chavez-DeRemer highlighted sectors like construction and healthcare and cited Trump's economic measures, while Vance focused on native-born worker statistics. However, Trump rejected these attempts to spin the data positively and fired Erika McEntarfer, head of the Bureau of Labor Statistics, replacing her with William Wiatrowski. This action drew criticism, including from William Beach, McEntarfer's predecessor, who called the firing unjustified and a dangerous precedent. The markets reacted negatively to the jobs report, with the Dow Jones, Nasdaq, and Treasury yields all declining. Furthermore, Trump also criticized Federal Reserve Chair Jerome Powell for not lowering interest rates.

Bitcoin ETFs experienced a significant outflow of $115 million, ending a period of positive activity, with Ark and Fidelity seeing the largest losses, although BlackRock's IBIT still attracted inflows. Ether ETFs, in contrast, continued their positive trend, securing inflows for the 20th consecutive day, totaling $17 million, driven mainly by BlackRock's ETHA and Fidelity's FETH, despite a minor outflow from Grayscale's ETHE. XRP futures on the Chicago Mercantile Exchange (CME) reached record levels in both volume and open interest, reaching $788 million, suggesting increased institutional interest in regulated XRP exposure through CME's cash-settled, transparent contracts.

Crypto-backed loans are gaining traction in 2025, allowing homeowners to borrow money using their cryptocurrency holdings as collateral without selling their crypto or their house. These loans often require overcollateralization due to crypto's volatility. Fintech firms are increasingly blending blockchain with home equity lending, offering loans paid in Bitcoin or stablecoins, utilizing smart contracts for faster approvals in days or hours, unlike traditional home equity loans. Borrowing against real estate with crypto collateral saw a 47% jump year-over-year, particularly in areas with digital property records. Use cases include home improvements in Portugal and covering business expenses in Singapore. One Silicon Valley entrepreneur used Ether and home equity to secure a seven-figure line of credit for their startup. Hybrid borrowing, combining crypto and real estate, reached an estimated $3.4 billion worldwide in the first half of 2025. Regulatory guidance is emerging, with the UK, Switzerland, and the UAE providing clarity on crypto-backed lending, while the US offers consumer safeguards recommendations. The market for crypto-backed loans is projected to grow by approximately 31% annually through 2028, attracting institutional interest. Despite these gains, risks such as price volatility and software bugs remain, requiring clear regulations and robust technology for widespread adoption.

Oil markets are currently exhibiting mixed signals. ExxonMobil and Chevron both reported higher-than-expected profits in the last quarter due to record oil and gas production, with Chevron finalizing its purchase of Hess, gaining access to a major oil field in Guyana, and resuming limited crude exports from Venezuela after receiving a license from the U.S. Treasury. Conversely, Saudi Arabia's oil rig count has fallen to a 20-year low, driven by a shift towards natural gas production and away from increasing oil production capacity. While Saudi Arabia decreases oil drilling, American firms are increasing, causing market uncertainty. Saudi Arabia plans to use more gas domestically and is reconsidering how to export it, but this shift hasn't fully compensated for the decrease in oil drilling activity, negatively affecting rig service companies.

The XRP Ledger is seeing increased use as a platform for settling stablecoin transactions, especially in developing countries. Activity has risen significantly with stablecoins pegged to the Brazilian real (BRL). In July, over $4.2 million worth of the BBRL stablecoin, issued by BrazaBank, was minted, making it the second-largest BRL stablecoin in circulation. Transactions involving the RLUSD token, a USDT-based stablecoin on the XRP Ledger, have also surged, indicating growing confidence in the network's ability to handle stablecoin transactions at scale. This growth suggests the XRP Ledger is becoming a global infrastructure layer for fiat-backed cryptocurrencies and banks and fintech entities are increasingly interested in using stablecoins for payments, remittances, or asset tokenization. Pilot projects for euro- and peso-backed assets have started in various regions.

Ethereum's price dropped by 6% to around $3,630 after briefly reaching $3,800. This decline followed a strong rally in July where it increased by over 50%. Despite the recent dip, some analysts believe Ethereum could reach a new all-time high of $4,900. This prediction is based on investors not selling their Ethereum, increased interest in Ethereum futures contracts, and significant inflows into Ethereum ETFs. In July 2025, Ethereum ETFs, particularly BlackRock's, saw over $4 billion in inflows, bringing the total holdings to $21.85 billion. While Ethereum is facing resistance at $4,000, the overall outlook remains positive, with the potential for further price increases.

Bonk Coin, a Solana token, is currently trading at $0.00002792, with a market capitalization of $2.25 billion and a trading volume of $678.89 million. While Bonk is a popular Solana token, Remittix, a new project focused on cross-border transactions, is emerging as a potential competitor. Remittix is currently priced at $0.0876 per token and has raised over $17.8 million in its presale by selling 576 million tokens. Remittix aims to facilitate direct crypto-to-bank transfers in over 30 countries, supporting 40+ cryptocurrencies and 30+ fiat currencies. The Remittix beta wallet is scheduled to launch in Q3 2025. Remittix is offering a 50% token bonus during its presale and a $250,000 giveaway to early supporters.

The U.S. House of Representatives passed the Digital Asset Market Clarity Act of 2025 on July 17, 2025. Cardano co-founder Charles Hoskinson believes this act will provide necessary legal clarity for investors and developers, potentially leading to a surge in stablecoins and tokenized real-world assets. Hoskinson anticipates that major tech companies like Apple, Alphabet, Amazon, Microsoft, Meta, Nvidia, and Tesla might enter the blockchain space with clear regulations. He predicts the stablecoin market could reach $1 trillion to $2 trillion, and the overall crypto market capitalization could exceed $10 trillion. Currently, stablecoins hold approximately $150 billion in U.S. Treasuries and have a total market cap of about $240 billion. Another bill, the GENIUS Act, could further integrate stablecoins with banks and markets, according to Donald Trump's crypto advisor, Bo Hines. Hines estimates the digital asset market could grow to between $15 trillion and $20 trillion. The current total digital asset market is $3.80 trillion, with Bitcoin holding $2.80 trillion after a recent 6.5% drop.

XRP is currently near a support level of around $3, with potential for a rise towards $4.50-$5 if momentum around a possible ETF increases. Technical indicators suggest XRP may be oversold, hinting at a potential rebound. Meanwhile, MAGACOIN FINANCE is experiencing rapid presale sellouts and growing community interest, drawing comparisons to early stages of successful altcoins. August is highlighted as a potentially significant month for both XRP and MAGACOIN FINANCE, with XRP's potential growth depending on sustained ETF discussion, institutional adoption, a rebound in its RSI, and traders shifting away from overbought memecoins. Legal clarity regarding XRP could also play a role in its price movement.

A new guaranteed income pilot program called Freedom Futures, run by the Georgia Resilience & Opportunity (GRO) Fund, will provide $500 a month for 48 months, totaling $24,000, to selected residents in Georgia. To be eligible, applicants must be between 18 and 25 years old, enrolled in high school or a partnering tertiary institution, and have a household income at or below double the federal poverty level. Participants will also have the opportunity to receive over $20,000 in investment capital for wealth-building purposes such as homeownership, entrepreneurship, higher education, or retirement investments, starting in the third year, after completing financial education. Applications are due by August 27th, with successful applicants notified within weeks and the first payments expected in September 2025.

Tether, the company behind the leading stablecoin USDT, plans to expand its business in the United States with a new venture focused on stablecoins and other products. This announcement follows the release of their Q2 2025 attestation, which shows a net profit of $4.9 billion, bringing their total profit for the first half of the year to $5.7 billion. Tether also holds over $127 billion in US Treasuries, making them one of the largest holders of US debt. During the quarter, Tether issued $13.4 billion USDT, bringing the total circulating supply of USDT to over $157 billion, up $20 billion since the start of the year. The CEO states that these figures demonstrate increasing market trust in Tether.

Ethereum is currently trading around $3,600 after a slight dip from recent highs, but has generally been performing well, increasing significantly since June. Experts believe Ethereum's fundamentals are strong, especially with increased regulatory clarity in the US, which is encouraging larger institutions to invest. Ethereum dominates the Real-World Asset (RWA) tokenization market, holding over 83% of the market share. This RWA dominance means that many assets like stablecoins and bonds are being built on the Ethereum network. Large investors are accumulating Ethereum, suggesting confidence in its long-term potential. Despite the recent price pullback, analysts see this as a consolidation phase before further price increases. Key support levels to watch are around $2,852, and a break above $3,860 could lead to a rally towards $4,500-$5,000.

According to Teucrium CEO Sal Gilbertie, Ripple and XRP could potentially move trillions of dollars and tokenize the entire financial system, potentially unlocking a $196 trillion market through RealFi. Ripple is building blockchain infrastructure for cross-border settlements and real-world asset tokenization. Ripple's acquisition of a broker-dealer clearing member is a strategic move towards integrating traditional finance with DeFi. Ripple CTO David Schwartz stated that while banks integrating XRP looks promising, they are slow to implement changes and are often more interested in the optics of the partnership.

A recent Deloitte survey of 200 North American CFOs at companies with over $1 billion in revenue indicates growing interest in cryptocurrency adoption. 23% of these CFOs expect their treasury departments to use cryptocurrency for investments or payments within two years, with the figure rising to 40% for companies exceeding $10 billion in annual revenue. While price volatility remains a significant concern for 43% of CFOs, and 42% cite accounting complexities and 40% regulatory uncertainty as deterrents, 15% plan to strategically invest in non-stable cryptocurrencies like Bitcoin and Ethereum, with nearly 25% of larger companies considering this. Stablecoins are also gaining traction, with 15% of CFOs anticipating their organizations will accept stablecoin payments within two years, increasing to 24% for larger corporations. CFOs see benefits in enhanced customer privacy (45%) and streamlined international payments (39%) through stablecoins. Over half (52%) expect to use non-stable cryptocurrencies and 48% foresee stablecoins for supply chain logistics. Corporate discussions around crypto are also increasing, with 37% of CFOs discussing it with their boards. Companies are increasingly adding Bitcoin to their treasuries, but smaller firms risk financial strain during market downturns.

Bitcoin's price dropped below $115,000, reaching a low of $113,164, which led to over $200 million in liquidations. This decline occurred amid rising geopolitical tensions triggered by former President Trump's statements about repositioning nuclear submarines due to remarks from a Russian official. Trump also criticized the Commissioner of Labor Statistics and the Federal Reserve, accusing them of manipulating data and calling for interest rate cuts. Adding to the market uncertainty, Federal Reserve Governor Adriana Kugler resigned, creating a vacancy. Despite the drop, Bitcoin remains above its January levels, though analysts note reduced appetite for leveraged long positions, and Bridgewater Associates founder Ray Dalio suggested allocating a portion of portfolios to Bitcoin as a hedge.

The SEC's Crypto Task Force is launching a five-month tour across the U.S. to gather insights from small Web3 entrepreneurs (teams with 10 or fewer employees) for shaping federal crypto policy. Commissioner Hester Peirce is leading this effort to ensure diverse voices are heard. Simultaneously, the SEC is establishing a new AI Task Force to explore the use of AI, initially focusing on enhancing the SEC's internal operations with AI-enabled tools and systems. Valerie Szczepanik will head the AI task force. The long-term goal could be to expand the AI Task Force's role to inform broader federal policy decisions related to AI.

The Securities and Exchange Commission (SEC) is launching "Project Crypto," a new initiative aimed at crafting a regulatory framework for digital assets in the U.S. This project includes a series of roundtables held nationwide from August to December, focusing on engaging with small crypto startups (under 10 employees and less than two years old). Led by Commissioner Hester Peirce, the roundtables will address key regulatory uncertainties, such as token categorization, securities offerings, and DeFi governance. The SEC aims to gather input from builders and early-stage projects to inform future regulations, and also to explore ways to integrate blockchain technology into the traditional financial system to improve transparency and efficiency. The roundtables will begin in Berkeley, California, and move to other cities including Boston, Dallas, Chicago, and New York.

Solana's price is increasing, aiming for $200 after showing renewed strength. Traders are now looking at Dogecoin and Remittix as potential next movers. Solana's rise is supported by increased whale activity and strong NFT trading. Dogecoin has climbed back above $0.163, with analysts watching for social sentiment to match on-chain buying. Remittix (RTX) has surged 450% this year, attracting attention for its real-world crypto-to-FIAT payment solutions, supporting over 30 FIAT currencies and 50 crypto pairs.

Teucrium Trading, traditionally known for agriculture ETFs, has found unexpected success with its leveraged XRP ETF. According to Teucrium Funds CEO Sal Gilbertie, the XRP fund is the company's most successful product in its 16-year history, generating hundreds of millions of dollars. The fund's success indicates growing investor interest in digital assets beyond Bitcoin and Ethereum. Gilbertie also mentioned the potential for future ETFs focused on companies involved in the blockchain ecosystem. Furthermore, Gilbertie stated that XRP and Ripple are positioned to move trillions of dollars by tokenizing the financial system, coinciding with RealFi's launch on the XRP Ledger to tokenize real estate.

The crypto market is anticipating potential spot ETFs for altcoins, with Solana being a strong contender due to its transaction speed and growing network. Solana's price is near $186, and an ETF approval could lead to a price increase, potentially retesting its all-time high of $293. Traders are watching the $190-$200 range, with a breakout potentially leading to $220 and then $293. MAGACOIN FINANCE, a newer project in presale, is also being highlighted as a high-potential investment with forecasts of significant returns. The possibility of a Solana ETF is seen as a key factor for its price reaching $293, potentially mirroring the price surges seen with Bitcoin and Ethereum after their ETF approvals.

Ethereum is planning significant upgrades over the next decade, focusing on speed, security, and continuous operation. The Ethereum Foundation's roadmap, called the Ethereum Lean Plan, aims to achieve 10,000 transactions per second on the main network and 1 million TPS on layer 2 chains. These speed improvements will be enabled by technologies like zkVMs and Data Availability Sampling, helping users verify the blockchain more efficiently. A key goal is to protect the network against future threats, including quantum computers, by advancing cryptographic security. Ethereum also aims for quicker transaction confirmations. The Ethereum Foundation also announced its reserves have reached $10 billion, with corporate holdings also increasing to 2.73 million ETH. The price of ETH was reported at $3,610, reflecting a 47% increase over the previous month.

OpenAI has raised $8.3 billion in a funding round that values the company at $300 billion. Dragoneer Investment Group led the round with a $2.8 billion commitment. Investor demand for the round exceeded $40 billion, making it five times oversubscribed. The new capital will support infrastructure development, talent acquisition, and the expansion of OpenAI's AI model capabilities, including the anticipated GPT-5. GPT-5 is expected to be a multi-modal model with advanced capabilities, potentially launching in mid-to-late 2026. Other major investors in this round include Blackstone, TPG, Sequoia Capital, Fidelity, Andreessen Horowitz and others. OpenAI is also expected to receive a $30 billion commitment from SoftBank in the future. OpenAI is competing with other AI companies like Anthropic, Google DeepMind, Meta, and xAI.

Google has reduced the number of organizations it funds that focus on diversity, equity, and inclusion (DEI) by removing over 50 groups, bringing the total down to 214, while adding 101 new organizations to the list. The Tech Transparency Project reported this change based on Google's publicly available list of supported organizations. Some suggest this shift is due to pressure to invest heavily in AI technology and increasing anti-DEI policies. Google states the changes reflect a strategy to support innovation-led organizations globally where support is most effective. A Google representative claimed that the reports released are not updated on recent events, as they display a list of 2024s contributions and have omitted other groups contributions at the tech company. Previously, Google also eliminated DEI programs in its hiring processes due to new federal regulations, though some businesses are adapting their DEI initiatives using different terms. Meanwhile, funding for digital asset treasuries has significantly increased, with $4.9 billion awarded in recent funding rounds, indicating a shift towards on-chain liquidity and safer crypto tools.

Tesla has been ordered to pay $243 million in damages after a Florida jury found the company 33% liable for a 2019 crash involving its Autopilot system. The crash resulted in one death and serious injuries to another person. The jury awarded $42.5 million in compensatory damages and $200 million in punitive damages. The driver of the Tesla was found 67% liable for the accident, which occurred when the vehicle failed to stop at an intersection and collided with a parked car. Tesla plans to appeal the verdict, arguing that the accident was solely the driver's fault and that the Autopilot system functioned as intended. The company contends that the driver was distracted and speeding at the time of the crash, while the driver claims that Autopilot should have prevented the accident.

Berkshire Hathaway's Class A stock rose by 3% to $711,900 and Class B stock increased by 2% to $494 ahead of its Q2 earnings report. Market speculation centers on potential developments with BNSF Railway, especially in light of a major merger between Union Pacific and Norfolk Southern, and Kraft Heinz, where Berkshire owns a 27% stake and which may be considering a breakup. Berkshire's cash reserves are substantial, nearing $348 billion at the end of March, but it remains to be seen if any major investments were made in Q2. Investors are also watching for possible stock buybacks of Berkshire Hathaway shares, especially after a 12% drop in Class A shares since the announcement of Warren Buffett stepping down as CEO by year-end.

In July, the crypto market saw significant growth, exceeding $4 trillion, with Bitcoin and Ethereum leading the way. However, a key development was the strategic shift of large investments, or 'smart money,' into decentralized finance (DeFi) and non-fungible tokens (NFTs). DeFi experienced a surge with its total value locked increasing to $193 billion, driven by investments in restaking, lending, and yield farming. NFT sales also rose by 47% to $574 million, with fewer buyers making larger purchases, indicating institutional interest. Ethereum was central to this activity, dominating DeFi and NFT markets and attracting funds due to its staking rewards and established infrastructure. The simultaneous growth across tokens, DeFi, and NFTs suggests that major investors are preparing for future market expansion, potentially leading to increased capital flow and liquidity in these areas.

Michael Saylor, Executive Chairman of Strategy, stated that the company doesn't aim to control the Bitcoin supply and believes everyone should own it. Strategy currently holds approximately 628,791 Bitcoin, representing about 3% of the total potential supply. The company raised $2.5 billion in its latest preferred stock offering, which will be used to acquire more Bitcoin. Strategy is creating structured products like Strike and Stretch to attract different investor risk profiles, offering varying levels of return, dividend, and principal protection. Saylor suggests Bitcoin is replacing cash and other traditional assets for corporate treasuries, and is becoming the preferred asset to park value in. He also mentioned that Strategy started accumulating Bitcoin when the price was around $10,000 and that most of the Bitcoin supply is currently held by others, even with their large holdings. Strategy believes even after Bitcoin surpassed 100,000 dollars, 97% of Bitcoin supply is owned by others.

Cryptocurrency prices are generally down today, August 1st, due to Trump's tariffs taking effect and investors selling off recent gains. However, there's renewed optimism in the market as the US government is expected to regulate crypto through the SEC's Project Crypto. XRP reached a new high recently, but is currently trading around $2.91, up 33% over the last month. Solana ($SOL) is being speculated to receive approval for a spot ETF which could lead to institutional investment, is currently priced at $167, and is up 12.1% over the past month. Cardano ($ADA) has also gained traction, up 28% from last month, and is currently around $0.7154. A new meme coin called Snorter ($SNORT), built on Solana, offers trading bot utility with a lean trading fee and has raised over $2.6 million in presale funding.

Perplexity AI predicts potential price increases for XRP, Shiba Inu, and Pepe by the end of 2025. The forecast is based on Bitcoin's recent all-time high and potential regulatory clarity in the US. XRP could reach $7, a more than doubling of its current $2.94 value, potentially hitting $20 in favorable conditions. Shiba Inu might reach $0.00005, representing a possible 300% gain. Pepe is projected to hit $0.000042, quadrupling its current price. The analysis also mentions TOKEN6900, a new meme coin currently in presale at $0.0068, as a high-risk, high-reward investment with the potential for large returns. The forecasts consider factors like legal developments, institutional adoption, token burning, and community support.

Visa is expanding its cryptocurrency capabilities by adding support for more stablecoins and blockchain networks. They're partnering with Paxos to include the Global Dollar (USDG) and PayPal USD (PYUSD) stablecoins. In addition to Ethereum and Solana, Visa will now support the Stellar and Avalanche blockchains. Circle's Euro Coin (EURC) is also being integrated. This move aims to create a more versatile system for global payments. Visa's previous work with Stripe's Bridge already allows stablecoin-linked Visa cards to be used at merchants in Latin America. Stablecoins are increasingly popular with institutions, and their market value has doubled since the start of last year, now exceeding $265 billion. A recent law called the GENIUS Act is providing regulatory clarity for stablecoins. Major banks like JPMorgan and Goldman Sachs are also considering using stablecoins.

The trial of Roman Storm, a co-creator of the crypto privacy tool Tornado Cash, is now in the hands of the jury. Storm is facing charges of conspiracy to commit money laundering, conspiracy to violate the International Emergency Economic Powers Act (IEEPA) through sanctions violations, and conspiracy to operate an unlicensed money transmitting business. Prosecutors claim Storm and his co-founder, Roman Semenov, who is currently at large, knowingly enabled money laundering through Tornado Cash. If convicted on all charges, Storm could face up to 45 years in prison. The outcome of this trial could significantly impact the legal future of decentralized finance (DeFi).

Two cryptocurrencies focused on decentralized science, Bio Protocol (BIO) and ResearchCoin (RSC), experienced price drops after being listed on Coinbase. BIO is currently trading at $0.0612, a 7.3% decrease, while RSC is valued at $0.493, a 34% decrease over the last 24 hours. RSC had previously seen a price increase earlier in the week when Coinbase added support for it on their Base blockchain. Bio Protocol aims to use blockchain to fund early-stage biotech research.

The number of tradable crypto tokens has dramatically increased from approximately 20,000 in January 2022 to around 18.9 million by mid-2025. This surge is largely attributed to the ease of creating new tokens on Solana, Base, and Binance Smart Chain (BSC) due to their low fees and simple launchpad tools. Solana alone is responsible for the creation of about 18 million new tokens in the past year. While the number of tokens has exploded, liquidity, or the ease of buying and selling them, has not kept pace. The average stablecoin liquidity per token has dropped significantly, meaning most of these new tokens are thinly traded and susceptible to price manipulation. This has led to value concentrating in established cryptocurrencies like Bitcoin and Ethereum, as investors seek more stable and reliable assets.

The article discusses three cryptocurrencies, Hedera (HBAR), Pi Network (PI), and Remittix (RTX), as potential investments for 2025. Hedera is currently trading at $0.2605 with a market cap of $11.04 billion, and Pi Network is at $0.4160 with a $3.22 billion market cap. The article focuses on Remittix, highlighting its current token value of $0.0876, over $17.8 million raised, and 576 million tokens sold. Remittix is presented as a cross-chain DeFi project aiming to simplify crypto-to-fiat conversions across 30+ countries, addressing the global payments problem. Its smart contracts are CertiK-verified, and a mobile-first beta wallet is scheduled for release in Q3 2025. The project is in presale, offering a 50% token incentive, as it approaches its $18 million soft cap. The article mentions a $250,000 Remittix Giveaway to incentivize early investors.

Bitcoin is experiencing volatility, with its price fluctuating around $116,000. A key indicator called the Coinbase Premium Index, which measures the difference in Bitcoin prices between the Coinbase exchange and other exchanges, has turned negative for the first time since May. This suggests that US buyers may be selling their Bitcoin or reducing their purchases, indicating potential selling pressure in the US market. Despite this, larger Bitcoin holders, specifically those with wallets containing between 10 and 10,000 BTC, have been consistently buying Bitcoin since late March, accumulating approximately 218,570 BTC, which is about 0.9% of the total supply. These larger holders now collectively control 68.44% of all Bitcoin.

The UK's Financial Conduct Authority (FCA) is reversing its 2021 ban on retail investors accessing crypto exchange-traded notes (cETNs). The FCA cites the maturing crypto market and better understanding of crypto products as the reason for the change. Starting October 8, 2025, retail investors can access cETNs through UK-based Recognised Investment Exchanges. Firms offering these products must follow rules on providing information and avoid inappropriate marketing. The FCA's Consumer Duty rules will also apply, requiring firms to act in the best interest of retail customers. However, investors won't be protected by the Financial Services Compensation Scheme if investments fail. The FCA's ban on retail access to crypto derivatives remains in place.

Ethereum's price has fallen about 8% since Monday, dropping below $3,850 and indicating a possible end to its recent upward trend. On-chain data suggests large investors are taking profits, contributing to market volatility. A massive $335 million worth of Ethereum was sold off in just two minutes, a move that some analysts see as profit-taking while others fear it indicates panic selling. Despite this, some large investors are still buying Ethereum during price dips, likely in anticipation of future growth, particularly in decentralized finance and real-world asset tokenization. Ethereum has broken below a critical resistance level of $3,860 and has temporarily found support around $3,670. If buyers can't push the price back above the $3,760-$3,800 range, it could fall further towards $3,175 or even $2,852. The overall trend remains positive as long as the price stays above the 200 SMA.

Ethereum's price is facing potential decline as institutional investors and large holders (whales) are showing signs of reduced activity. Open interest in Ethereum futures on the Chicago Mercantile Exchange (CME), which is primarily used by institutional investors, has decreased to $6.2 billion, indicating that these investors may be reducing their Ethereum positions. Also, large holders netflow has decreased by 339% over the last week showing high conviction accumulation slowing down and weakening short term price support. Ethereum's price has already dropped by almost 10% to $3,620, with trading volume increasing, suggesting increased selling pressure. If this trend continues, Ethereum could potentially fall to $3,524 and possibly even further to $3,314. However, if buying interest returns, Ethereum could rebound to $3,859.

MAGA Inc., a Super PAC supporting Donald Trump, has raised $200 million, significantly aided by contributions from the crypto industry. Major crypto figures and companies, including the Winklevoss twins, Gemini (donating around $3 million), Marc Andreessen ($3 million), Blockchain.com, and Bitcoin Magazine, have contributed substantial amounts. Elon Musk also donated $5 million to the PAC. Despite this influx of crypto-related money, MAGA Inc. is primarily focused on supporting Trump and his political ambitions, rather than broadly supporting pro-crypto candidates in midterm elections. Its predecessor spent a small fraction of its funding on the 2022 midterms, indicating that crypto-backed candidates may need to seek financial support elsewhere for the 2026 elections.

Bitcoin's price dropped following a weaker-than-expected U.S. jobs report for July, which showed only 73,000 new jobs added, significantly below the anticipated 100,000. Revisions to previous months' data also showed a substantial loss of jobs. This raised expectations for the Federal Reserve to cut interest rates, with traders now estimating a greater than 75% chance of a rate cut in September. While Treasury yields fell and gold prices rose, crypto and tech stocks experienced a decline. Bitcoin specifically fell to around $113,000. The market is uncertain whether the weak jobs data signals an impending recession or is merely a data anomaly. Some believe potential rate cuts will boost risk assets like crypto, while others fear the data points to a broader economic downturn. Former President Trump criticized Federal Reserve Chair Jerome Powell and accused the Bureau of Labor Statistics of manipulating employment data. Despite the price drop, data suggests some buyers are taking advantage of the dip, but the price remains volatile as Bitcoin retests support levels. The market is waiting for a positive catalyst for a recovery.

Federal Reserve Governor Adriana Kugler will resign on August 8, ahead of her term's original expiration in January. President Biden appointed Kugler in September 2023 making her the first Hispanic governor. Her departure creates a vacancy on the Fed's board that former President Trump may be able to fill with a nominee more aligned with his views on interest rates. Trump has publicly criticized Fed Chair Powell for maintaining current interest rates, advocating for lower rates to stimulate the economy. The Fed's key rate currently stands at 4.25%-4.50%. Powell has indicated that tariffs may contribute to consumer prices and the Fed will maintain the same rates. The Fed previously raised rates to combat inflation and has trimmed rates by 100 basis points over the past year.

Google is preparing to pay $8.75 million to settle a class-action lawsuit in Illinois. The lawsuit accuses Google of illegally collecting and storing biometric data, specifically voice and face models, of students using Google Workspace for Education (G Suite for Education) without proper consent between March 26, 2015, and May 15, 2025. Illinois residents who had their biometric data collected through the Voice Match or Face Match feature while enrolled in a school are eligible to file a claim by October 16th. Individual payouts are estimated to be between $30 and $100, though the lead plaintiff may receive up to $5,000. Google denies any wrongdoing or violation of laws.

XRP's price is fluctuating, leading to divided opinions among traders. One analyst, EGRAG CRYPTO, suggests that if XRP closes above $3.03 this month, it could trigger a rally to $11 in the short term and potentially $18.5 long term. This is based on historical price cycles and moving averages. However, a trader has opened a $500,000 short position betting that XRP's price will fall, aiming for a $3 million profit if it does. This short position would be liquidated if XRP rises to $3.65. Other analysts caution that XRP could drop to $0.80 if it fails to stay above $3.15 and trading volume decreases. Despite the bearish outlook, some remain bullish, predicting XRP could reach $10 soon.

Markus Infanger of Ripple discusses the growing role of the XRP Ledger in tokenization and institutional DeFi (Decentralized Finance). He highlights a Ripple/BCG report projecting institutional tokenization could reach $18.9 trillion by 2033, driven by the need to modernize inefficient legacy financial systems. Real estate tokenization is gaining traction, exemplified by Ripple's partnership with Dubai Land Department to issue title deeds on the XRP Ledger. Ripple launched its own stablecoin, RLUSD, late last year. Ripple's development of an EVM-compatible sidechain allows for more DeFi applications. Ripple's partnership with Guggenheim Partners to bring a digital debt product to the XRP Ledger is presented as a key example of blockchain solving real-world financial problems. Infanger advocates for public blockchains like XRP Ledger due to their transparency and security.

An analyst predicts that the price of XRP, a cryptocurrency associated with Ripple, could potentially increase significantly to $6. This forecast is based on observed growth in the number of XRP wallets being used and increased discussion and interest in XRP on social media platforms. The analyst suggests these factors indicate positive momentum for XRP's future value.

Apple's iPhone sales increased by 13.5%, leading to a 10% jump in total revenue for the April to June quarter, marking the strongest revenue increase in three years. This growth was supported by Chinese government subsidies and solid demand for lower-cost models. Despite exceeding Wall Street expectations, Apple's stock price fell slightly, reflecting investor concerns about sustainability due to trade tensions, lagging AI progress, and the potential for new tariffs. Apple is shifting its supply chain, sourcing more iPhones from India and producing Macs and Apple Watches in Vietnam, to manage risks from global trade uncertainty, which is expected to cost the company $1.1 billion in the current quarter. The company delayed the release of an AI-powered upgrade to Siri.

In July, decentralized exchanges (DEXs) hit a record $1 trillion in total trading volume for the first time. Spot trading, which is like regular buying and selling, reached nearly $514 billion, second only to January's record. Perpetual futures, a type of contract, also reached a new high of $487 billion. BNB Chain was the most popular for spot trading, largely due to PancakeSwap's activity. Uniswap was second for spot trading, while Solana-based exchanges also saw significant volume. Hyperliquid dominated perpetual futures trading, surpassing $300 billion and significantly exceeding the volume of other platforms like Jupiter and even Ethereum.

Crypto analysts are predicting a potential price increase for Hedera (HBAR), suggesting it might be entering an upward cycle. Technical charts indicate that HBAR could be forming wave 3 of a 5-wave Elliott Wave structure, with potential price targets of $0.31 to $0.397. Strong buying interest has been observed between $0.25 and $0.26, potentially stabilizing the price before the next increase. Indicators like RSI and stochastic oscillators suggest momentum could support an upward move. Despite a recent 5.24% price decrease, trading volume has remained stable at $661.19 million, indicating continued investor interest. The price is currently attempting to move back above $0.255.

The price of Hedera (HBAR) is currently testing a key support level around $0.245-$0.250, which is an ascending trendline that has held for several months. Trading volume has increased, indicating high activity around this level. A successful bounce from this support could push the price towards $0.31, with potential long-term targets of $0.50 and $1. A recent listing on Robinhood has also increased visibility and interest in Hedera. If the price breaks below the trendline, it could fall to $0.23 or even $0.21. The short-term direction of HBAR depends on whether it can hold this support level.

Shiba Inu has introduced a new identity system using advanced encryption designed to protect its ecosystem. This system is intended to make the Shiba Inu network resistant to potential threats from quantum computing.

Cardano's price is showing similarities to its previous bull cycle, potentially building a stronger base. It has surpassed 300,000 smart contracts deployed, indicating continued developer activity even with market consolidation. Recently, it fell below the $0.75 support level, reaching $0.72, with the $0.69 level now crucial to watch for stabilization. Oversold indicators suggest a possible short-term price increase toward $0.75. The market sentiment is cautious, but the on-chain growth suggests the pullback might be temporary. The price is near the 0.618 Fibonacci zone, a point where reversals have historically occurred.

A recent report indicates that XRP and BNB are currently driving positive movement in the altcoin market. Conversely, Ethereum (ETH) is experiencing selling pressure, suggesting investors are reducing their holdings of this cryptocurrency. This divergence highlights varying investor sentiment and performance across different altcoins.

A report indicates that the XRP Ledger (XRPL) is becoming a significant platform for settling stablecoin transactions internationally. This suggests the XRPL is increasingly used to move stablecoins, which are cryptocurrencies designed to maintain a stable value, across borders. The growing adoption of XRPL for stablecoin settlements implies increased utility and relevance for the XRP Ledger in the broader digital asset ecosystem. No specific numbers or implications were listed in the provided article content.

Toncoin (TON) is showing strong signs of a potential price increase. Derivatives volume has increased significantly, indicating growing market confidence and more traders betting on the price going up. Technical indicators like the Relative Strength Index (RSI) and MACD suggest there's still room for growth before the price overheats. The TON ecosystem is also expanding, with the TON Wallet launching in the U.S. and offering Apple Pay and Google Pay support, potentially reaching over 87 million users. Transaction and wallet activity on the TON network are also increasing. If Toncoin can break through the $3.61 level, analysts predict a move towards $3.85 or even $4.00, with a longer-term target of $6.93. Key support levels to watch if the price drops are $3.34, $3.38, and $3.54. Toncoin was trading at around $3.50, up 2.48% in the last 24 hours.

Polkadot (DOT) is showing signs of potential upward movement, currently trading around $3.62 with a market capitalization exceeding $5.8 billion. Analysts are observing increased trading volume and a tightening price range, suggesting a possible breakout. A key resistance level to watch is $3.80; if DOT closes above this, it could signal a rally towards a target of $4.75, representing a potential 25% increase. On the downside, a support level of $3.55 is crucial for maintaining this bullish momentum. Should this level hold, analysts predict DOT could reach the $5 zone, indicating the cryptocurrency is moving from consolidation to a growth phase.

Strategy, formerly MicroStrategy, plans to raise up to $4.2 billion by selling a new type of stock called Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). This follows a recent IPO where Strategy raised money and used most of it to buy Bitcoin. The company will sell the STRC shares at market prices through several firms. The money raised will be used for general corporate needs and to buy more Bitcoin. Strategy's Q2 report showed a net income of $10 billion, largely due to gains from its Bitcoin holdings. They aim for a 30% BTC yield and $20 billion in BTC gain. After a recent IPO, Strategy added 21,021 BTC to its holdings, bringing its total to 628,791 coins, representing nearly 3% of Bitcoin's circulating supply and costing an average of $73,227 per coin. Strategy's actions could increase demand for Bitcoin, potentially supporting its price, but the company's ability to maintain dividend payouts during price drops will be watched closely. US regulators are also paying attention to corporate crypto moves.

Visa is integrating three new stablecoins, PYUSD, EURC, and USDG, into its payments infrastructure. This move aims to improve and speed up cross-border settlement processes. By incorporating these stablecoins, Visa is expanding its stablecoin payment options, allowing users to leverage these digital currencies for international transactions, potentially making these transactions faster and more efficient.

Former President Trump claims that recent U.S. jobs data is rigged to make him look bad and hurt his campaign. This follows a report showing only 73,000 jobs added in July, along with downward revisions to previous months. Trump fired Erika McEntarfer, the top U.S. jobs data official, and accused her and the Federal Reserve of manipulating data and interest rates to help Kamala Harris. He also criticized Jerome Powell. Trump's stance is that negative economic numbers are false and those responsible should be removed from their positions, preferring only positive statistics. He previously touted positive inflation data, but now questions the jobs numbers which contradict his narrative of a strong economy.

Former President Trump has claimed that recent U.S. jobs data was manipulated to negatively impact him and Republicans. This followed a report showing only 73,000 jobs added in July, along with downward revisions of previous months' figures. Trump accused Erika McEntarfer, the top U.S. jobs data official, of rigging the numbers to help Kamala Harris and blamed the Federal Reserve for manipulating interest rates. He stated that if economic numbers are unfavorable, they must be false and those responsible should be removed. Trump directed his team to fire McEntarfer, alleging she overstated job growth before the 2024 election and is now deflating it to sabotage his campaign. He criticized Jerome Powell and the Fed, accusing them of playing interest rate games to negatively affect the economy.

Donald Trump fired Bureau of Labor Statistics commissioner Erika McEntarfer after a report showed only 73,000 jobs were added in July, a figure Trump considered weak and potentially manipulated to undermine him politically. He accused McEntarfer of rigging jobs numbers, both before and after the 2024 election. Bill Wiatrowski has been appointed as acting commissioner. This action occurred after downward revisions to May and June job numbers, totaling over 200,000 jobs. Trump also criticized Federal Reserve Chair Jerome Powell for not cutting interest rates quickly enough. The stock market reacted negatively to the jobs data and Fed uncertainty, losing $1.11 trillion in value on Friday.

The article discusses the possibility of Bitcoin's market capitalization exceeding that of gold. It highlights a prediction from someone named Trump, who anticipates Bitcoin potentially reaching a price of $1 million per coin. The article focuses on this ambitious price target and the implied growth needed for Bitcoin to rival gold's current market value.