Recently, XRP has seen a strong rise. According to CoinDesk, the trading volume of $3 XRP call options has surged, showing that the market is confident that XRP will break through in the short term. Many technical analysts predict that XRP is expected to hit $3 in the short term, and even have a chance to challenge the $5 to $6.5 range by the end of the year.
What is even more exciting is that Ripple has recently officially obtained a national banking license approved by the Office of the Comptroller of the Currency (OCC) in the United States, and has successfully applied for access to the Federal Reserve’s master account. This means that XRP’s compliance path in the United States has become clearer, and mainstream financial institutions will greatly increase their trust in it.Brad Garlinghouse, CEO of Ripple, said:
“We are moving towards a more compliant and transparent banking system, which will greatly enhance the credibility of XRP in global mainstream finance.” Boosted by the news, XRP prices rose by more than 4% on the day, and market sentiment continued to be high.
FINDMINING：The preferred cloud computing platform for global retail investors
At a time when XRP is at an unprecedented height of popularity, the leading cloud mining platform FINDMINING announced a major update on July 9: the official launch of a “zero threshold” free cloud mining service! New users can receive a $15-$100 bonus upon registration, and can start mining with a minimum of $100. It supports flexible switching between multiple currencies such as BTC, DOGE, and XRP, with daily settlement and withdrawals at any time.
Ibrahim Aydin, CEO of FINDMINING, said at the launch:
“FINDMINING is committed to providing the most profitable, secure and transparent cloud computing contracts for global retail and institutional investors. The strong performance of XRP and Bitcoin has attracted a large number of new users, but the high hardware investment and operation and maintenance costs often discourage retail investors. FINDMINING breaks down barriers through the “zero threshold” model, allowing global retail investors to easily share market dividends, and using bank-level custody to ensure the safety of funds throughout the process.”
FINDMINING claims users can receive daily rewards based on selected contracts.
AI computing power scheduling system: intelligently optimizes mining strategies in real time based on market difficulty and currency price fluctuations
Multi-node global deployment: Distributed servers cover the world to ensure efficient and stable operation of mining
Green energy drive: Use clean energy to reduce operating costs and make users more profitable
Referral reward mechanism: Invite friends to enjoy up to 4.5% extra rebate, multiple benefits
Transparent and traceable income – all mining income and dividends can be viewed in real time, withdrawn at any time, and viewed on the dashboard at any time
XRP users around the world — mining easily without leaving home
Real user feedback also further verifies the popularity and reputation of FINDMINING: A user from California shared: “The $15 free bonus allowed me to get started at zero cost. I only invested $100 and was able to withdraw stable profits every day. It was much less troublesome than setting up a mining machine myself.” Another new user from Europe said: “I just switched to XRP mining when XRP skyrocketed. Now I can earn passive income every day through FINDMINING. The withdrawal is fast and the customer service is very professional.”
To encourage users to invite friends, FINDMINING also provides generous referral rewards – direct referrals can earn 3% commission, and indirect referrals can enjoy an additional 1.5% commission, further broadening the income channels.
FINDMINING positions itself as a mining platform for XRP-focused users during this growth phase.
As XRP bullish sentiment continues to heat up, the official approval of Ripple’s banking license and the Federal Reserve’s main account has brought a clear compliance and mainstream path to XRP, greatly enhancing market confidence. FINDMINING has taken advantage of the trend and has become the first choice for countless retail investors around the world to mine XRP and easily earn passive income with its “zero threshold” model and transparent operation.
Register for FINDMINING now to receive a $15 new mining reward, use the mobile app to mine anytime, anywhere, and seize the next wealth of XRP!
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All claims are based on statements provided by the company.
Leading meme coin Shiba Inu has shed almost 10% of its value over the past week. As of this writing, SHIB trades at $0.0000125.
This price decline coincides with a significant drop in whale holdings during the same period. This signals waning confidence among large investors amid broader market weakness.
SHIB’s Market Confidence Wanes as Whale Sell-Off Accelerates
According to IntoTheBlock, SHIB’s large holders ’netflow has fallen 123% in the past week. This comes amid the meme coin’s 8% price dip.
SHIB Large Holders Netflow. Source: IntoTheBlock
Large holders refer to whale addresses that hold more than 0.1% of an asset’s circulating supply. Their netflow measures the inflow and outflow of tokens in their wallets to track whether they are accumulating (positive netflow) or offloading (negative netflow) their holdings.
When this metric falls, it indicates that whales are selling large portions of their assets, leading to increased supply and putting more downward pressure on price.
Moreover, this decline in SHIB whale netflow could worsen the weakening confidence among SHIB retail traders, prompting them to sell their coins in anticipation of further losses. This can accelerate SHIB’s price dip in the short term.
On the daily chart, SHIB’s falling Relative Strength Index supports this bearish outlook. At press time, this momentum indicator is a downward trend at 35.34.
An asset’s RSI measures an asset’s oversold and overbought conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline. Conversely, values under 30 suggest that the asset is oversold and could witness a rebound.
At 35.05, SHIB’s RSI indicates that the asset is approaching oversold territory but has not fully entered it yet. This suggests weakening buying pressure and hints at the potential for further downside unless the meme coin demand picks up.
SHIB Holds Below Descending Trend Line
SHIB has remained below a descending trend line since December 8, keeping its price in decline. This pattern is formed when an asset’s price consistently makes lower highs over a period, connecting these peaks with a downward-sloping line. It is a bearish trend, indicating sustained selling pressure among SHIB market participants.
If this decline continues, SHIB risks falling to a seven-month low of $0.0000107.
Speculation about Nvidia adding Bitcoin to its treasury reserves has surfaced recently. These unconfirmed reports lead to questions about the potential for increased institutional adoption of Bitcoin and the possible performance of such a move for Nvidia, whose stock value has fallen considerably this year.
BeInCrypto interviewed representatives from Banxe, FINEQIA, CoinShares, Bitunix, and Acre BTC to discuss Bitcoin’s potential benefits for Nvidia and explore whether such an investment would ultimately benefit the company in the long run.
Rumors of Nvidia’s Potential Bitcoin Investment
Over the past few weeks, several reports have surfaced across social media suggesting that Nvidia, a pioneer in GPU-accelerated computing, is considering adding Bitcoin to its balance sheet.
These reports remain purely speculative at the time of press, given that Nvidia has not made any official statements on the topic. When BeInCrypto reached out for clarification, an Nvidia spokesperson declined to comment.
Even as rumors, these reports highlight the significant impact of such a decision on Bitcoin’s public perception. Given Nvidia’s current economic circumstances, marked by a substantial drop in stock value, an announcement of this nature would not be completely unexpected.
As such, Nvidia’s stock price has taken a hit. According to recent reports, Nvidia stock has fallen 35% since its latest price peak in January.
Nvidia’s stock reacted especially poorly to the news that China’s Huawei Technologies is testing a new AI chip potentially more powerful than Nvidia’s H100.
Given these circumstances, Nvidia can mitigate current economic challenges by diversifying its treasury assets.
Should Nvidia Consider Adding Bitcoin to Its Balance Sheet?
Such a move would significantly alter how other institutional investors view Bitcoin, potentially encouraging more companies to adopt a similar strategy. The crypto community would likely celebrate the news, believing it would solidify Bitcoin’s legitimacy as an asset class.
However, the extent to which Nvidia requires Bitcoin for stability remains controversial.
Risks of Adding Bitcoin to Nvidia’s Treasury
As it is, Nvidia already has other strategies that help the company hedge against volatility and inflation. Adding Bitcoin into the mix may seem excessive.
This becomes especially true when considering just how volatile Bitcoin itself can be. Though the asset can generate significant gains during bullish periods, the losses it can cause are equally severe.
As such, Bitcoin might not be the natural choice to defend Nvidia from its current stock declines. An investment of this kind would need to reflect a long-term strategy rather than an impulse decision.
Would BTC Even Make a Difference on Nvidia’s Share Price?
Bitcoin has demonstrated high returns over the long term, though with considerable volatility. For companies able to withstand the associated risks, including large price fluctuations, it offers the potential for significant future profits.
With its substantial financial resources, Nvidia could absorb Bitcoin’s volatility without a major impact on its balance sheet. In this sense, the company has little to lose, but also little to gain.
Ultimately, Nvidia’s decision to invest in Bitcoin hinges on timing and urgency, particularly given recent developments that have alleviated some pressures on the company.
Easing Export Restrictions: A Boost for Nvidia
Last week, the Trump administration announced its plans to roll back certain Biden-era export restrictions on advanced semiconductor chips.
Biden’s ‘AI Diffusion Rule’ established these restrictions to enhance US technological leadership by preventing advanced chips from being diverted to countries of concern, especially China. Given that China was Nvidia’s main buyer, the rule significantly hampered its sales.
A rollback would be highly advantageous for Nvidia’s sales, especially amid this new wave of chipmakers.
Similarly, the recent US-China tariff pause led to Nvidia’s stock price rise. Despite its temporary nature, the news is a positive sign for the company, promising reduced uncertainty and potential gains in sales and supply chain stability.
Considering these developments, adding Bitcoin to Nvidia’s balance sheet may no longer be urgent. If Nvidia were to make such a decision out of haste, it might also drive away traditional investors and long-time buyers.
Many areas of traditional finance remain highly skeptical of Bitcoin due to its short history and highly volatile nature. If Nvidia adds Bitcoin as a treasury asset, traditional investors might view it as a poor decision, potentially alienating long-time clients.
BitMEX made a bold announcement this afternoon, claiming it foiled a major hack attempt from the Lazarus Group. The exchange’s security team analyzed the hackers’ code, revealing some interesting new information.
The malware had surprisingly poor operational security, allowing BitMEX to trace the IP addresses and active hours of several members. Still, the firm acknowledged that it only beat Lazarus’ second-string hackers, not their best.
However, Lazarus’ recent attempt to hack BitMEX was prevented, according to a recent blog post.
A Lazarus hacker attempted to phish a BitMEX employee by sending them a phony request to collaborate on a Web3 NFT marketplace project. This employee alerted security, who played along with the scammer to obtain the malware bait. From there, BitMEX analysts dismantled it, gleaning knowledge of the group’s organization:
“Throughout the last few years, it appears that the group has divided into multiple subgroups that are not necessarily of the same technical sophistication. This can be observed through… bad practices coming from these ‘frontline’ groups that execute social engineering attacks when compared to the more sophisticated post-exploitation techniques,” BitMEX claimed.
Specifically, BitMEX identified a lot of sloppy work in the initial malware. This allowed analysts to find a list of IP addresses from compromised computers; furthermore, they identified test runs.
One Lazarus member based in China left incriminating info in this database, which BitMEX used to get a profile of other members and their working schedules.
BitMEX’s work here can go a long way towards piercing the Lazarus Group’s image of danger and hyper-competence. BitMEX, a long-running derivatives exchange, seems like an unexpected candidate to make these discoveries.
Rather than a famous crypto sleuth, a private firm that’s been out of the news lately managed to crack this code.
Still, it’s important not to overstate the situation. The Lazarus Group sent their B-team to try and breach BitMEX, but much more advanced hackers would’ve exploited a successful breach.
BitMEX exploited the group’s sloppy operational security, but its members remain wholly anonymous. In all likelihood, they’ll have plenty of future successes on softer targets.
AI computing power scheduling system: intelligently optimizes mining strategies in real time based on market difficulty and currency price fluctuations
