Market narrative
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According to the Shibburn website, 2.96 billion SHIB were burned in the last seven days. The latest figure represents a notable increase in SHIB tokens burned compared to recent weeks.
Crypto
Fraudsters have been posing as reporters and representatives of the China Business Journal, a well-known state-affiliated business newspaper in China, to demand ransom payments in Bitcoin.
XRP (XRP) hovered around the $1.07 level on Wednesday UTC as traders weighed a growing list of regulatory tailwinds in Hong Kong and Europe against two persistent U.S. overhangs: the Federal Reserve's next rate decision and the Securities and Exchange Commission's (SEC) continuing appeal in the Ripple case. According to CoinMarketCap data referenced in local reports, XRP was trading at about $1.0771 as of 8:42 a.m.
Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.
3iQ, the Toronto digital asset manager now owned by Japan's Coincheck, has announced that it will manage a portion of the Bitcoin reserves behind Bhutan's Gelephu Mindfulness City (GMC). 3iQ will be the special economic zone's first named manager for the sovereign crypto it plans to build a financial hub on.
Pi Network price rallied to an intraday high near $0.085 on July 30 as an approaching node-upgrade deadline revived demand, but short-term charts show buyers are already meeting resistance.
Solana (SOL) is struggling to regain clear direction around $73.6, with weakening short-term momentum keeping the token pinned below several key technical levels even as ‘institutional demand' via ETFs and a steady drumbeat of ecosystem expansion headlines continue to draw attention. As of Wednesday ET, SOL traded at $73.59, down 0.28% over the past 24 hours and off 4.86% over the last seven days.
A potential ascent to $1.16 would invalidate the bearish outlook.
Ethereum Foundation has selected Pascal Caversaccio to its Board of Directors for a one-year voluntary period. Pascal Caversaccio has knowledge about the issue of security through his role in SEAL 911.
Aave's founder Stani Kulechov named Scroll, zkSync and Aptos among the smaller deployments that the project plans to fully retire in part of a sweeping proposal to deprecate another 50 low-adoption asset reserves in a governance push announced on Thursday.
Fortitude's aggressive expansion in Zcash mining could significantly influence market dynamics and investor strategies in the crypto sector. Fortitude Mining secures 9,000 Antminer Z15 Pro units in $31.5M Zcash mining bet.
Geopolitical tensions escalate, impacting global markets and highlighting the swift interplay between military actions and crypto volatility. IRGC strikes US air base in Kuwait as Bitcoin slides toward $100K amid $700M in liquidations.
Hyperscale Data sold 100 bitcoin and opened a credit facility to fund its Michigan AI data center campus build.
Aave wants to remove several reserves that have become too little used. This operation would involve 98.1 million dollars of deposited assets and 15.6 million dollars of debt.
Pascal Caversaccio joins as fourth board member following months of Ethereum Foundation leadership turnover.
Can growing industry pressure finally push the CLARITY Act through the Senate?
Ethereum price is regaining momentum as institutional investors and large holders appear to be positioning for the cryptocurrency's next move. Recent market data indicates capital is gradually rotating from Bitcoin into Ethereum investment products, while on-chain activity shows whales continuing to remove significant amounts of ETH from exchanges.
Ripple has just minted 15 million RLUSD on the Ethereum blockchain in recent hours; the Ripple Stablecoin Tracker X account reported this in a post.
XRP has seen its Open Interest (OI) – the total unsettled futures in the derivatives market – on Binance crypto exchange crash by over 78% over the past 12 months to its lowest level since 2024.
