Category: News

As the Ethereum blockchain approaches its 10th anniversary on July 30, HTX, a leading global crypto exchange, is commemorating this significant milestone with a week-long global giveaway totaling $500,000 in rewards. Running from July 25, 10:00 to August 1, 10:00 (UTC), the campaign honors a decade of DeFi, NFT, and DAO innovations that Ethereum helped shape, while empowering its community to continue exploring value in the new crypto cycle.

Diversified Trading and Referral Rewards for All Users

Welcome Gift for New Users & First-Time Traders: Simply complete a spot or futures trade of any amount during the campaign to unlock a welcome gift. Eligible participants will receive either $3 in ETH or free ETH futures positions worth up to 1,000 USDT. Daily rewards are limited to the first 2,000 qualifying users. Please note that futures position claims require Level 1 KYC verification and a minimum net deposit of 100 USDT into your Futures account.

Social Sharing & Referral Incentives: Share this exciting event on any social platform and invite a friend! If your friend registers and trades over 100 USDT on HTX, both of you can earn a 20 USDT Futures Trial Bonus. To qualify, both inviters and invitees must enroll in the event and complete Level 3 KYC verification. Rewards are available for the first 1,000 qualified participants.

Comeback Bonuses for Inactive Users: Red carpet for returning friends!

Spot Traders: Inactive spot traders who haven’t used HTX Spot since June 1, 2025, can receive a shot at winning up to 10 ETH through a lucky draw by simply restarting their spot trading.

Futures Traders: For inactive futures traders (last active before July 10, 2025), HTX is offering APY Booster Coupons for SmartEarn, increasing APY by 3-8% based on net deposits to their Futures accounts. Combined with the current 2% base APY, users can enjoy up to 10% APY for SmartEarn!

Special Offers for Ethereum’s Ecosystem Crypto Traders and HTX Earn Users

$200,000 Trading Contest for Top Ethereum Ecosystem Cryptos: A dedicated trading contest is now live on HTX for top Ethereum ecosystem cryptocurrencies, including ETH, ETHFI, UNI, LINK, ENA, AAVE, CRV, LDO, MKR, and ENS. Users who register for the contest and trade at least 5,000 USDT in spot or 20,000 USDT in futures with these cryptos will be ranked by volume. The top traders will share a 200,000 USDT prize pool based on their ranking:

• The top five traders will receive individual $HTX rewards ranging from $6,000 to $30,000.
• Participants ranked sixth through twentieth will split $60,000.
• The remaining $66,000 will be distributed proportionally among other eligible participants.
• Additionally, margin traders whose margin trading volume hits 5,000 USDT or more can compete for a dedicated $HTX token prize pool worth $30,000.

Exclusive ETH Earn Opportunities: ETH holders also have special opportunities:

• First-time HTX Earn users can subscribe to a special ETH product offering a remarkable 100% APY! This is a one-time opportunity requiring Level 2 KYC verification.
• Furthermore, all users can enjoy 6% APY on the ETH Flexible Earn product, featuring hourly compounding and instant withdrawals.

Important Note: All participants must click “Register Now” on the campaign page to enroll. Only trades, deposits, and subscriptions completed after registration will be counted. Rewards will be distributed within seven business days following the campaign’s end. 

From 2015 to 2025, Ethereum has been the backbone of Web3 innovation. Now, HTX is proud to celebrate this milestone with a campaign designed to reward its community and fuel the future of decentralized finance. Register today on HTX and trade your way into the next decade of Ethereum.

About HTX 

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord.

The post HTX Gives Away $500,000 Rewards to Celebrate Ethereum’s 10th Anniversary: Newcomers, Traders, and Loyal Users All Win appeared first on BeInCrypto.

Bithumb, South Korea’s second-largest cryptocurrency exchange, announced the listing of two new altcoins today.

The new supported tokens include Lista DAO (LISTA) and Merlin Chain (MERL). The listing announcement triggered double-digit price increases for both crypto assets, pushing them to 6-month highs.

Bithumb Announces LISTA and MERL Listing

According to Bithumb’s official announcement, the tokens will be available for trading against the Korean Won (KRW). Deposits and withdrawals will be available within 3 hours of the announcement.

“In compliance with the Travel Rule, deposits and withdrawals are only supported through virtual asset service providers that are supported by Bithumb,” the announcement read.

The exchange added that LISTA trading is scheduled to begin at 4:00 PM Korean Standard Time (KST) on July 24. The reference price will be 354 KRW.

After this, Bithumb will launch MERL trading at 6:00 PM KST. The reference price for the altcoin is 161 KRW.

Following the news, the prices reacted sharply. LISTA, the native token of an open-source lending and liquidity protocol, Lista DAO, surged 33.97%. The price reached $0.36, marking LISTA’s highest level since January 2025.

Similarly, MERL, the native token of Merlin Chain, a Bitcoin layer-2 network, experienced a 20.53% increase to $0.168, a level last seen in late January.

These price movements highlight the significant influence of South Korean exchanges on altcoin markets. Upbit and Bithumb have previously propelled tokens like Hyperlane (HYPER), Babylon (BABY), Huma Finance (HUMA), and more to significant gains through strategic listings.

Notably, the exchanges’ strong presence in one of the largest cryptocurrency markets could be a key driver behind their impact. According to Ledger, in South Korea, 27% of the individuals aged 20 to 50 are currently holding digital assets, with 70% expressing an interest in expanding their crypto portfolios this year. 

The combined value of digital assets held across the country’s top five exchanges, Upbit, Bithumb, Coinone, Korbit, and GOPAX, has exceeded 100 trillion Won (~$73 billion), reinforcing South Korea’s position as a global frontrunner in blockchain adoption.

This dominance within South Korea has also benefited the exchanges. Bithumb, for example, has seen its trading volume increase threefold over the past month. 

CoinGecko data revealed that the volume has risen from around $758 million to $2.7 billion, marking an impressive 256.2% surge. 

Similarly, Upbit has experienced a remarkable spike in volume. It has grown from $1.7 billion to $8.3 billion, reflecting a 388.24% increase, highlighting growing dominance. 

The post Bithumb Listings Propel Two Altcoins to 6 Month Highs appeared first on BeInCrypto.

Ethereum price sits at $3,677, up about 16.5% this week. It keeps stepping over $3,800, only to get shoved back down.

With a big unstaking queue hanging in the background and momentum cooling a bit, the obvious question is whether this door finally swings open or shuts again. Two key metrics can help understand what happens from here.

Exchange Supply Ratio Near Lows

The Exchange Supply Ratio (ESR) is around 0.145, close to this year’s low of 0.142. A ratio is used instead of raw exchange balances because it measures exchange holdings against total circulating ETH, which changes with staking, burns, and unlocks.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

A low ESR means only a small chunk of supply sits on exchanges and is ready to sell. That is the setup right now.

According to the chart, local ESR highs often came before Ethereum price pullbacks. Therefore, low ESR levels exude confidence.

If ESR goes up while price slips, it usually means unstakers or large holders are moving coins to exchanges, and a dip can follow.

Funding and Open Interest

Open interest is about $55.9 billion, so a lot of futures positions are open. The funding rate is near 0.01%, still positive but lower than recent spikes (anything above 0.02% might be worrisome as that would mean high Long leverage).

The current market structure means that traders lean long (expect prices to go higher), yet they are not paying a heavy premium to stay there. That says leverage is present without being extreme. This is a healthy scenario, and the ETH price rally looks spot-driven.

Funding is the fee that longs and shorts pay each other to keep perpetual prices near spot. Open interest is the total value of all open contracts.

Ethereum (ETH) Price Needs To Beat Key Levels

ETH is trading inside two key ranges of $3,832 and $3,635 (the 0.786 Fib level). As the upper level (resistance) would suggest, the real block sits just above the “$3,800 door.” Yet simply breaching the $3,832 resistance like earlier might not help.

There is a holder cluster above $3,888, which also needs to be breached. That cluster likely explains why quick moves above $3,800 fade; many wallets are near break‑even there and sell into strength.

A daily close above $3,896 would open doors to $4,402 (the 1.618 extension). If ETH corrects again, $3,635 is first support, then $3,480. A drop under those levels, together with a rising ESR, would weaken the bullish setup fast.

Fibonacci levels flag common reaction zones. The in-and-out-of-money map shows where many wallets bought; those areas often act as real resistance or support, validating the Fib levels.

However, the entire short-term bullish hypothesis might get invalidated if the ETH price dips under $3,128 or the 0.238 Fib extension level.

The post Ethereum (ETH) Keeps Knocking at the $3,800 Door; Thin Exchange Supply Says It Can Open Soon appeared first on BeInCrypto.

Federal prosecutors presented evidence suggesting Tornado Cash founder Roman Storm moved millions through Binance and coordinated with co-founders to send funds and buy offshore real estate.

IRS-CI Special Agent Stephan George told the jury he traced over $533,000 in USDT from a Binance account allegedly controlled by Storm. He said the funds were moved on August 9, 2022, and distributed across three wallet addresses.

Storm Allegedly Sent $2.6 Million Each to Co-Founders

Prosecutors showed chat logs between Tornado Cash’s founding trio: Roman Storm, Roman Semenov, and Alexey Pertsev. In one message, Storm wrote:

“I overloaded 8 million yesterday.”

Another message stated:

“I sent you guys 2.6 million each.”

Agent George said these communications indicated Storm had access to the funds and decision-making power over the wallet in question.

AUSA: What does this tell you?
Agent George: That Roman Storm has control over that Binance account. And you can conclude that Mr. Storm also had access to 2.6 million.

— Inner City Press (@innercitypress) July 23, 2025

In a separate message, Storm reportedly told a colleague to:

“Give her a task to f**ing open various offshores… and to buy real estate.”*

Prosecutors also read a message from Semenov stating:

“I will send some TORN later, to avoid getting busted.”

The prosecution argued these messages revealed intent to obscure transactions and profit from Tornado Cash’s operations.

96% of Tornado Cash Users Relied on Web Interface

Earlier in the day, prosecution expert Philip Werlau of AnChain.AI testified that 96.2% of users accessed Tornado Cash through its user interface (UI), not the command line. 

He said Lazarus Group shifted to CLI usage only after US sanctions were imposed. Werlau said this behavior suggested a deliberate attempt to avoid detection.

During cross-examination, Roman Storm’s defense challenged Werlau’s conclusions. He emphasized that Tornado Cash’s smart contract pools became immutable in May 2020, meaning neither Storm nor the DAO could change them.

Klein also clarified that Tornado’s UI did not handle transactions directly. Deposits and withdrawals required interacting with Ethereum’s smart contracts, not any centralized interface.

Meanwhile, prosecutors presented an email from an earlier witness, Ms. Lin, addressed to Tornado Cash’s public inbox. Judge Failla warned the jury not to treat its content as fact. 

This first witness in Roman’s trial immediately caught my attention bc the victim was a classic Pig Butchering case.

The only issue is….uh…..those scammers don’t use Tornado Cash? And they never have?

So, like, wtf? https://t.co/27MlcXvc0z

— Tay (@tayvano_) July 18, 2025

The email’s inclusion may relate to the defense’s previously stated mistrial concerns, though no motion was filed.

What’s Next in the Tornado Cash Trial

The prosecution is expected to rest its case tomorrow morning. A separate hearing on the Chainalysis expert testimony is still pending.

Storm’s defense is preparing to present its side, focusing on the immutability of Tornado Cash and Storm’s lack of control after deployment.

The post IRS Agent Links Tornado Cash’s Roman Storm to Binance Funds and Offshore Dealings appeared first on BeInCrypto.

Shiba Inu trades price near $0.00001500, up about 8% this week and more than 30% this month, still below January’s $0.000024 peak.

Price keeps nudging higher, but one band keeps sending it back. To judge if this move can stretch, it helps to know if holders are really cashing out and whether momentum is actually building.

SOPR Is Flat Because Weak Holders Are Exiting at Break-Even Or Lower

Profit taking is what usually stalls a rally, so the Spent Output Profit Ratio (SOPR) matters here. SOPR shows if coins sold on-chain are in profit (>1) or loss (<1).

It is around 1.0 currently after weeks below that line. Back on April 30, SOPR dropped to roughly 0.72 when price was near $0.00001327. Price then climbed about 28% to around $0.00001700 while SOPR drifted back toward 1.0.

On June 16, SOPR sank even lower to about 0.69 with price near $0.00001188. Price later rose roughly 30% to about $0.00001546 and SOPR again moved toward 1.0. SHIB’s SOPR dipped again to 0.83 two days earlier. The corresponding price upside is still pending.

The data shows coins being spent are near break-even or at a loss, not big profit. Despite the price rise, it implies weaker hands are leaving quietly, thinning supply above.

Historically, real pullbacks started when SOPR pushed clearly above 1.0 while price stalled. That has not happened yet.

RSI Shows Buyers Gaining Strength Under the Surface

A move needs momentum to carry through, so the Relative Strength Index (RSI) is checked next.

RSI measures the strength of recent price moves on a 0–100 scale. Since mid-June, the daily RSI has made a small higher high, while the price has made a lower high. That bullish divergence says momentum is improving faster than price.

Even though the RSI divergence is barely there, it hints at growing momentum, positive for the Shiba Inu price action.

This means buyers are getting stronger even though the price has not broken out. If RSI keeps rising and price follows, the breakout chance increases. If RSI turns down while price stalls, the move can pause.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Shiba Inu Price Levels Decide If the 45% Target Opens

Levels are needed to confirm what the indicators suggest. The main ceiling is $0.00001587, a level that has been rejecting the Shiba Inu (SHIB) price for a while now.

A daily close above $0.00001587 could push SHIB price to $0.00001746 (roughly 16% higher) and then $0.000022 (roughly 45% higher). However, SHIB price would still need to first cross above the psychological resistance of $0.000020 before heading higher, a 33% from the current level.

Note: Not many technical resistance levels exist once the Shiba Inu price manages to cross $0.00001746

On the downside, $0.00001463 is the first level to hold, followed by $0.00001375, the 0.5 Fibonacci level. The bullish view weakens fast if the price falls under these levels while SOPR jumps above 1.0. That would show profit sellers finally stepping in.

Fibonacci extension levels are used because they mark common pullback and target zones that traders act on.

The post Shiba Inu Price Targets 45% Upside as Profit Sellers Stay Quiet appeared first on BeInCrypto.

FTX has announced the next milestone in its bankruptcy repayment process. The exchange will initiate its upcoming distribution round on September 30, 2025, with August 15 set as the official record date.

The payout will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly allowed Convenience Claims that have not yet received funds. 

FTX Announces Next Repayment Date

This follows a court-approved move to reduce the disputed claims reserve by $1.9 billion, unlocking more capital for immediate distribution.

Like previous repayments, FTX confirmed that BitGo, Kraken, and Payoneer will facilitate the payments. To receive their funds, creditors must complete KYC, submit tax forms, and onboard with one of the approved providers.

This marks the third major distribution in 2025.

Some $470 million in disputed claims remain frozen for now, including funds linked to accounts in 49 countries. These will be addressed in future rounds, pending court decisions.

Restricted Jurisdictions

Made a quick video about the FTX hearing about the restricted jurisdictions motion

49 Countries are impacted
$470m FTX Claims
90 Objection letters were received pic.twitter.com/6xOXjP7iQw

— Sunil (FTX Creditor Champion) (@sunil_trades) July 23, 2025

Recap of FTX’s 2025 Repayments So Far

FTX began repayments earlier this year, aiming to return over $14.5 billion to creditors.

On February 18, FTX issued its first payout to Convenience Class claimants (claims under $50,000). These creditors received 100% of their original claim plus ~9% interest, calculated from the bankruptcy filing date.

On May 30, the exchange launched its second round, distributing over $5 billion across multiple claim classes.

The September 30 distribution will deliver funds to creditors who have resolved disputes and cleared legal or procedural hurdles. 

FTX has emphasized that only approved and registered claims will be eligible. Claims that have been transferred must meet strict criteria and appear on the official register before the August 15 cutoff.

Meanwhile, FTX founder Sam Bankman-Fried remains incarcerated. He recently received a 4-year reduction in his sentence due to good behavior. Yet, Bankman-Fried will potentially be in prison until 2044. 

However, Caroline Ellison, the former CEO of Alameda Research, is set for release on July 20, 2026.

The post FTX to Make $1.9 Billion Creditor Payout in September appeared first on BeInCrypto.

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.

Tesla’s quarterly decline contrasts with gains in its bitcoin treasury, while a Japanese firm, Quantum Solutions, targets a $367M acquisition of BTC. Korean infrastructure leader DSRV secures funding, and Tron Inc. prepares Nasdaq ceremony, signaling institutional crypto adoption momentum.

Tesla Reports Steep Revenue Decline Despite Bitcoin Holdings Boost

Tesla faces mounting challenges as second-quarter results reveal the automaker’s steepest revenue decline in a decade, dropping 12% year-over-year to $22.5 billion. Vehicle deliveries fell 12.6% to 143,535 units while earnings per share declined 23% to $0.40, reflecting broader market pressures and competitive dynamics.

The company’s electric vehicle market dominance is showing signs of erosion, with its market share maintaining 46.2%, while GM is aggressively closing the gaps, advancing from 10.8% to 14.9% quarterly. Tesla’s core automotive revenue declined 16% to $16.66 billion, indicating structural headwinds that extend beyond typical cyclical patterns.

However, new FASB accounting rules provide unexpected balance sheet relief through Tesla’s 11,509 BTC holdings, now valued at approximately $1.36 billion. The regulatory shift allows quarterly fair-value reporting rather than historical cost basis, enabling Tesla to recognize bitcoin’s 42% appreciation since April directly on financial statements. This development highlights the strategic value of corporate cryptocurrency treasury strategies during traditional business cycles.

Japanese Quantum Solutions Launches $367M Bitcoin Treasury Strategy

Japanese AI firm Quantum Solutions announced plans to acquire up to 3,000 BTC over twelve months, establishing bitcoin as a strategic treasury reserve asset. The initiative positions the Tokyo-listed company as Japan’s second corporate bitcoin adopter, following MetaPlanet‘s pioneering approach.

Hong Kong-based Integrated Asset Management will provide $10 million initial funding through Quantum Solutions’ subsidiary GPT Pals Studio Limited. The acquisition strategy targets approximately $367 million in bitcoin holdings at current market valuations, representing a significant corporate balance sheet transformation.

CEO Francis Chow emphasized institutional discipline in execution, citing the company’s unique position to develop bitcoin-centric capital structures. The program incorporates cold-hot wallet segregation, internal controls, and comprehensive audit frameworks under Hong Kong’s regulatory clarity.

This strategic pivot reflects broader institutional recognition of bitcoin’s role in inflation hedging and monetary policy risk mitigation across global markets.

DSRV Secures $12M Series B Amid Market Downturn

South Korean blockchain infrastructure firm DSRV raised approximately $12 million in Series B funding despite challenging investment conditions. Major domestic investors including Intervest and NICE-SK Securities participated in the initial round, with additional institutional funding planned next month.

DSRV operates infrastructure across 70+ global blockchain networks, managing over $3 billion in digital assets while ranking among top-10 validators worldwide. The company reported $7.8 million annual revenue with $2.3 million net profit, demonstrating sustainable profitability in volatile markets.

The funding validates DSRV’s expansion into stablecoin and payment infrastructure services. Holding domestic VASP licensing in South Korea, the company prepares for aggressive global expansion across US, Japanese, and African markets while scaling custody operations and blockchain development capabilities.

Tron Inc. Set to Ring Nasdaq Opening Bell Thursday

Tron Inc. will ring the Nasdaq Opening Bell on Thursday, marking a strategic transformation toward blockchain-integrated treasury operations. Justin Sun, TRON Blockchain founder and Global Advisor, will lead the ceremony from Times Square’s MarketSite.

As the publicly traded entity holding the largest TRON token reserves, the company represents institutional convergence between traditional equity markets and decentralized finance infrastructure. CEO Rich Miller emphasized building shareholder value through strategic innovation.

Beyond blockchain treasury holdings, Tron Inc. maintains diversified operations manufacturing custom merchandise for major theme parks including Disney and Universal, creating a hybrid business model bridging entertainment and digital assets.

Shigeki Mori contributed.

The post Tesla’s Bitcoin Gains, Japan AI firm’s BTC Treasury Strategy and More appeared first on BeInCrypto.

XRP has been one of the standout performers in the crypto market over the past month. Its price has soared by 72% amid a broader altcoin rally fueled by Bitcoin’s march to new all-time highs.

However, two critical on-chain indicators now suggest that this uptrend may be losing steam, raising the risk of a near-term reversal.

XRP Traders Brace for Pullback as On-Chain Signals Flash Red

First, XRP’s exchange reserve on leading exchange Binance has spiked sharply, reaching its highest level of the year. According to CryptoQuant, XRP’s exchange reserve—measured using a seven-day moving average—closed at a year-to-date high of 2.98 million tokens on July 22, valued over $10 million at current market prices.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

A spike in an asset’s exchange reserve indicates that more tokens are being moved onto centralized exchanges, often in preparation for selling. When investors transfer large amounts of a coin to exchanges, they may be positioning to take profits or exit positions. 

In XRP’s case, the surge to a 2.98 million token reserve implies heightened selling intent. If this influx of supply is not met with equal or greater demand from buyers, downward pressure on XRP’s price could quickly build.

Furthermore, CryptoQuant’s data shows that XRP’s taker buy/sell ratio has consistently remained below one since July 10. As of this writing, the metric stands at 0.94 

An asset’s taker buy-sell ratio measures the ratio between the buy and sell volumes in its futures market. Values above one indicate more buy than sell volume, while values below one suggest that more futures traders are selling their holdings. 

The fluctuation in XRP’s taker buy/sell ratio below one over the past two weeks points to a sell-off trend among futures traders as its price climbs. This mounting sell-side pressure confirms weakening sentiment and could trigger price declines over the next few sessions if it continues.

XRP Bulls Face Key Test at $3.22

At press time, XRP trades at  $3.47, just below its all-time high of $3.66. However, mounting sell-side pressure increases the probability of a near-term correction toward the $3.22 support level.

Should this floor give way, XRP could extend its decline to around $2.87.

However, if selling pressure eases and fresh demand enters the market, the altcoin may reclaim its price peak and potentially chart new gains beyond $3.66.

The post XRP’s Rally Could Stall—2 On-Chain Red Flags You Need to Know appeared first on BeInCrypto.

Nature’s Miracle Holding Inc. (OTCQB: NMHI) surged more than 150% on Wednesday after revealing plans to allocate up to $20 million of its corporate treasury into XRP.

The California-based controlled environment agriculture (CEA) firm announced the move early July 23, triggering a sharp rally in its stock. 

US Public Companies Start Buying XRP

Nature’s Miracle shares climbed from around $0.04 to over $0.14 at the time of reporting, marking its highest single-day percentage gain in 2025.

In its press release, the company said the XRP reserve will be funded through a registered equity financing agreement with GHS Investments. 

The firm plans to hold XRP long-term while leveraging staking strategies to generate yield. CEO James Li cited favorable regulatory changes, including the GENIUS Act, as key to their decision.

The announcement positions Nature’s Miracle among the first publicly traded AgTech firms to adopt XRP in a strategic financial role.

Other publicly listed companies have taken similar steps this month. Nasdaq-listed VivoPower International allocated $121 million toward XRP integration. 

Meanwhile, Wellgistics Health secured a $50 million line of credit for XRP-related treasury operations. Singapore’s Trident Digital also announced intentions to raise up to $500 million for a long-term XRP reserve.

“We see the huge potential of XRP as it improves the speed and reduce the cost of cross-border payments. Many established financial institutions, like Banco Santander and American Express, are already involved with XRP,” said James Li, CEO of Nature’s Miracle.

The growing wave of XRP treasury activity has coincided with heightened market volatility for the token. XRP recently reached an all-time high of $3.66 but fell back below $3.30 on Tuesday amid profit-taking. 

On-chain data shows nearly $3 billion in XRP moved to exchanges in the past week, signaling possible short-term selling pressure.

Despite the dip, analysts remain optimistic. Technical patterns and institutional activity suggest the XRP rally may resume once the current consolidation stabilizes.

Overall, Nature’s Miracle’s XRP strategy signals a shift in how small- and mid-cap firms may approach treasury management, especially following the regulatory clarity brought by recent US crypto legislation. 

As more companies begin adopting digital assets for operational and strategic purposes, XRP’s role as a corporate reserve asset appears to be gaining traction.

The post A California Firm’s Stock Soars 150% After Announcing XRP Treasury Plan appeared first on BeInCrypto.

Pudgy Penguins (PENGU) has recently reached a new all-time high (ATH) of $0.046, marking a six-month milestone for the meme coin. 

However, even with the record high, the altcoin is facing a challenge from investors who seem to be exiting, albeit gradually. This could lead to a drop in the PENGU price.

Pudgy Penguins Notes Demand

The rising demand for PENGU has been reflected in the derivatives market. Open Interest, which combines both long and short contracts, surged by 54% in just 48 hours, jumping from $426 million to $657 million. This indicates that the majority of market participants are bullish, as the funding rate remains largely positive, suggesting a stronger preference for long contracts.

This increase in Open Interest signals investor optimism despite the broader market’s turbulence. The surge in contract volumes reflects that PENGU’s price rally is based on spot market trades and also on substantial leverage. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Over the past few days, the holder change for PENGU has been a mix of new investors entering the market and some existing holders exiting. This mixed sentiment shows that there is no clear consensus among investors. While some are confident in PENGU’s potential, others remain cautious, unsure of the sustainability of the recent gains.

The lack of a clear investor pattern indicates skepticism is still widespread. Despite this, the entry of new holders suggests that there is still a strong belief in PENGU’s future, driven by the altcoin’s price momentum and broader market conditions. However, the simultaneous exit of investors could create an underlying challenge for sustaining the uptrend.

PENGU Price Could Continue Rising

PENGU’s price is currently trading at $0.044, after marking a new ATH of $0.046 earlier today. The altcoin has risen nearly 20% in the last 24 hours, showing strong short-term gains. This price action has led PENGU to a six-month high, highlighting the recent bullish sentiment surrounding the meme coin.

To continue its upward momentum, PENGU needs to secure solid investor support. If the altcoin can maintain this buying pressure, it is likely to break past its ATH of $0.046 and aim for a new high, potentially reaching $0.052 or higher. The key factor for continued growth will be the market’s confidence.

On the other hand, if the growing uncertainty and investor exits turn into a more significant trend, PENGU’s price could experience a sharp decline. A potential fall below the support level of $0.040 could lead to a drop to $0.029, signaling a complete reversal of the recent bullish trend and invalidating the optimistic outlook.

The post PENGU Price Forms New All-Time High After 6 Months Even As Skeptical Investors Exit appeared first on BeInCrypto.