Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
XRP experienced a significant rally between August 3 and August 4, surging 6% from $2.83 to a peak of $3.03. This upward momentum was fueled by strong institutional trading volume, which exceeded 110 million during its peak hours. However, the rally was met with heavy selling pressure at the $3.03 resistance level, leading to profit-taking … Read more
According to a recent financial report, Nasdaq-listed Trump Media & Technology Group has significantly grown its financial assets, reaching approximately $3.1 billion. This growth is primarily attributed to a substantial $2.4 billion Bitcoin acquisition strategy. The company has also announced its first-ever quarter of positive operating cash flow, totaling $2.3 million. Despite this, it reported … Read more
Leading South Korean banks, including Shinhan, Woori, KEB Hana, and KB Kookmin, are moving quickly to enter the cryptocurrency and stablecoin markets. This strategic shift is being driven by a new political environment under President Lee Jae-myung, who is a strong advocate for digital finance innovation. His administration’s pro-crypto policies have encouraged lawmakers to review … Read more
Over the weekend, cryptocurrency markets experienced a sharp downturn, with Bitcoin retreating to a support level of $112,000 as renewed economic uncertainty weighed on risk appetite. The sell-off was triggered by President Trump’s announcement of new “reciprocal” tariffs and a disappointing U.S. jobs report from the previous week. The new import duties are scheduled to … Read more
On August 1, 2025, the Hong Kong Legislative Council officially enacted the Stablecoin Regulation, establishing a comprehensive licensing and regulatory framework for stablecoin issuers. This new law mandates that stablecoins must be fully backed by highly liquid fiat reserves, a move designed to ensure financial stability and transparency. Legislative Council member Chiu Tat-kan emphasized that … Read more
Metaplanet, a Tokyo-listed company, has significantly expanded its Bitcoin holdings by acquiring an additional 463 BTC. This purchase brings its total treasury to 17,595 BTC, now valued at approximately $1.78 billion. The company’s average cost basis for all its Bitcoin is around $101,010, giving it a meaningful unrealized gain. This latest acquisition is a key … Read more
On August 3, Pi Coin (PI) dropped to a new low of $0.35 before slightly recovering to around $0.36. This marks a 44% decline over the past two months, erasing most of its post-launch gains and significantly underperforming the broader altcoin market. The break below the $0.38 support level has worried technical analysts, with some … Read more
PUMP has recently gained more than 11% in a 24-hour period, pushing its price to approximately $0.00302 with a market cap of around $1.06 billion. This rally, fueled by nearly $400 million in trading volume, signals a rebound after weeks of a sustained downtrend where the token lost over 50% of its value. The primary … Read more
Cardano’s ADA is currently trying to regain upward momentum, trading just below a significant resistance level of $0.7448. A decisive move above this point could open the door for a rally toward the next major resistance at $0.8093. Technical indicators suggest that bearish pressure is starting to ease. While short-term moving averages are still above … Read more
On August 3, 2025, reports circulated claiming that China had re-issued a ban on cryptocurrency, causing initial market volatility. However, sources close to Chinese authorities have denied these rumors, confirming that no new official restrictions have been announced. The regulatory status quo from 2021 remains in place, where crypto trading and mining are banned, but … Read more