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FTX has secured court approval to reduce its disputed claims reserve by $1.9 billion, This move will release significant funds for the next round of customer and creditor distributions. The reserve cut, approved by the Delaware bankruptcy court, reduces the total claims reserve from $6.5 billion to $4.3 billion. FTX Sets August 15 Record Date,
The post Court Approves $1.9B Reserve Release, Enabling Next FTX Distribution appeared first on CoinGape.
The post XRP Price Prediction For August 4 appeared first on Coinpedia Fintech News
XRP is once again under pressure as bearish signals continue to build on both weekly and daily charts. One analyst has said that the token is just hours away from possibly confirming a major bearish divergence on the weekly timeframe, a technical pattern that has previously led to steep price declines. However, at the time of writing, XRP has gained 7% and is trading at $2.99.
XRP’s weekly price chart shows the formation of higher highs in price, while the Relative Strength Index (RSI) is forming lower highs, a classic sign of bearish divergence. This pattern was last seen between late 2020 and mid-2021, when XRP experienced a 60%–70% price drop over three months. Despite some strong bounce-backs during that drop, the overall trend was bearish.
Now, with a similar setup developing, a short-term bounce is still possible. However, the overall outlook for the next one to two months appears bearish, especially if this week’s candle confirms the divergence.
On the daily chart, XRP is currently testing an important price zone between $2.90 and $3.00. This range has acted as both support and resistance in the past. Right now, it’s unclear whether XRP will manage to reclaim this level or get rejected.
If XRP fails to break above $3 and starts forming red candles from this zone, it could signal a new wave of selling. In that case, traders may consider short positions, especially if the level is confirmed as resistance. But if XRP successfully breaks and holds above $3, the token could bounce to $3.15–$3.20, or even test the next resistance near $3.40.
The recent price action is looking similar to XRP’s pullback between January and April 2025, when the price broke below multiple key supports after a strong start to the year. That period saw several relief bounces, but the trend remained downward overall.
This means that even if XRP sees temporary recoveries, the larger structure currently leans bearish. Just like earlier this year, where the breakdown played out over weeks, a similar pullback may unfold now, although it may not happen in a straight line.
At this point, much depends on how XRP behaves around the $2.90–$3.00 zone. A rejection could open the doors to a deeper fall, while a strong reclaim above $3 might delay the bearish momentum.
The post XRP Price Prediction For August 4 appeared first on Coinpedia Fintech News
XRP is once again under pressure as bearish signals continue to build on both weekly and daily charts. One analyst has said that the token is just hours away from possibly confirming a major bearish divergence on the weekly timeframe, a technical pattern that has previously led to steep price declines. However, at the time …
The post $500M Telegram Bond Fund Set to Launch on TON appeared first on Coinpedia Fintech News
Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project development on the TON network. It’s a major move bringing institutional finance directly into the crypto world.
The post $500M Telegram Bond Fund Set to Launch on TON appeared first on Coinpedia Fintech News
Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project …
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.
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.