XRP’s 90-day moving average whale flow has shifted dramatically into negative territory, indicating renewed distribution activity among major holders, a development that typically precedes bearish price movements. Data from CryptoQuant reveals a similar distribution pattern emerged during January and February, when XRP peaked near $3.45 before experiencing substantial whale selling pressure. This activity ultimately drove prices down to $1.77 by late February, representing a significant correction. XRP Whale Flows Echo January’s -48% Bearish Crash Pattern XRP is currently trading around $2.99 following its July peak of $3.66, touching a low of $2.72 in early August, and appears structurally vulnerable to further declines. CryptoQuant analyst “The Enigma Trader” emphasized that without sustained positive whale flows exceeding 5 million XRP daily, the market structure remains fundamentally weak. Whale Flows Turn Deeply Negative, XRP Faces Renewed Distribution Pressure “A comparable pattern unfolded in January–February, when a local price top coincided with sustained whale distribution and a subsequent correction.” – By @EnigmaTrader369 pic.twitter.com/pKvZiQrhKX — CryptoQuant.com (@cryptoquant_com) August 7, 2025 Presently, large holders show no consistent accumulation patterns, a crucial element needed for any meaningful trend reversal. XRP now faces a pivotal moment that will determine whether bearish forces gain control or if bulls can successfully defend the critical $2.80 support level. Signs of bull exhaustion are becoming apparent, with XRP spot trading volume dropping 28% over the past 24 hours despite a 2.42% price increase. Futures market data from Coinglass paints an equally concerning picture, showing derivative volume declining by 33.09% while short positions increased by 3.80%. Source: Coinglass Open interest among traders betting against XRP has risen substantially, with over $7.3 billion in trading activity. The bearish sentiment intensified following Ripple co-founder Chris Larsen’s recent $175 million XRP sale, creating additional headwinds for the asset’s attempt to breach the $3.20 resistance zone. Chris Larsen, Ripple co-founder, sold nearly $200M $XRP in 10 days. Still buying? You might be his exit liquidity. He’s unloading heavy be cautious! pic.twitter.com/mCiBl8jRrZ — ManLy (@ManLyNFT) July 25, 2025 Nevertheless, XRP has weathered more severe bearish cycles previously, and recent institutional developments provide reason for optimism. XRP Technical Analysis: Double-Top at $3.60 Threatens Bulls Technical analysis of the 4-hour XRP/USDT chart reveals a distinct double-top pattern forming around the $3.60 resistance zone. This level has twice rejected bullish advances, establishing itself as a formidable barrier to upward momentum. Following failed attempts to breach this resistance, price action retreated to find support near $2.70, the launch point of July’s rally. This zone now functions as a critical support foundation, with recent trading activity showing a sequence of higher lows developing from this base, indicating bulls are actively defending the level. Source: TradingView The Relative Strength Index currently sits at approximately 51, reflecting neutral market conditions with neither overbought nor oversold readings. This positioning allows for potential movement in either direction. However, the recovery from $2.70, combined with the emerging pattern of higher lows, suggests building bullish pressure beneath current levels. Should XRP maintain its position above the $2.90-$3.00 range, the probability increases for another test of the double-top resistance at $3.60. A clear break and sustained close above this level could catalyze significant bullish continuation, whereas rejection at this resistance may trigger another retest of the $2.70 support zone. The post XRP Whale Flows Turn Negative as Large Holders Resume Distribution – XRP Price to Crash? appeared first on Cryptonews .
UK-based and publicly traded Union Jack Oil, along with Reabold Resources and other partners, announced that it has signed a non-binding letter of intent with Texas-based 360 Energy to build a Bitcoin mining facility. British oil and gas company Union Jack Oil signs agreement with Texas-based 360 Energy to mine Bitcoin at West Newton field Under the agreement, natural gas extracted from the West Newton gas field in England will be used to power data centers to be built on the site. These centers are planned to be used for Bitcoin mining. The initiative aims to efficiently utilize fossil fuel resources for energy-intensive cryptocurrency mining. The companies aim to establish mining infrastructure that will convert natural gas into energy and generate Bitcoin directly on-site. Union Jack Oil emphasized that this collaboration is an innovative step for both the energy sector and cryptocurrency markets, while also highlighting the project's potential to reduce its carbon footprint. While a final agreement has not yet been signed for the partnership, this step is considered a significant milestone for the project to move forward. Further technical and commercial details are expected to be finalized between the parties. *This is not investment advice. Continue Reading: British Oil and Gas Company Union Jack Oil Enters Bitcoin Mining! Details Here
The Royal Government of Bhutan is once again making noteworthy crypto moves. According to data provided by blockchain analysis platform Arkham Intel , the Bhutanese government transferred 517 Bitcoin ( BTC ), valued at roughly $59 million, to a new wallet earlier this week. The receiving address performed a test transaction on Binance just one day before receiving the funds, but the exact motivation for the transfer remains unknown. Druk Holding and Investments (DHI), the country’s leading holding company, still retains 10,769 BTC, worth approximately $1.23 billion as of the time of writing. IS BHUTAN SELLING BITCOIN? The Royal Government of Bhutan just moved $59M of BTC to a new address bc1q8ag. This address performed a test transaction to a Binance deposit address 1 day before receiving the funds. Bhutan still holds over $1.23 BILLION of BTC. But are they… pic.twitter.com/ARokbEhWHH — Arkham (@arkham) August 6, 2025 Bhutan Bitcoin sales The hefty transfer has generated a lot of speculation as historical patterns suggest it could lead to a potential sale. Bhutan has indeed moved BTC to centralized exchanges (CEX) in the past, most notably Binance, shortly before liquidating portions of its holdings. In fact, the country moved 650 BTC (around $74 million at the time) to Binance just weeks ago, in mid-July. Of course, the South-Asian country is always a hot topic in crypto, being the first nation to roll out a nationwide crypto payment system. Its moves often spark debates about potential future plans for more dynamic state-level crypto engagement and reshaping of Bitcoin’s utility in national financial strategies . Indonesia is also exploring Bitcoin Bhutan appears not to be alone, as the Indonesian government is reportedly considering adding Bitcoin to its national reserves. Similar to the Himalayan nation, Indonesia believes in leveraging its renewable energy , such as hydroelectric power, to support a domestic Bitcoin mining industry. The country’s crypto market is already expanding rapidly, with over 20 million users now participating in it despite crypto payment prohibitions and increasing crypto taxes . Featured image via Shutterstock The post Is Bhutan now dumping their Bitcoin? appeared first on Finbold .
BankXRP (@BankXRP), a prominent figure in the XRP community, recently shared a seven-page letter from the Independent Community Bankers of America (ICBA) opposing Ripple’s application for a national trust bank charter. While this document may read like a technical critique, the underlying message is clear: traditional banking groups fear the structural shift Ripple and XRP represent. Submitted on August 4, 2025, to the Office of the Comptroller of the Currency (OCC), the ICBA’s objection targets Ripple’s proposed subsidiary, Ripple National Trust Bank (RNTB). The bank, if approved, would work primarily with RLUSD, Ripple’s stablecoin, designed to operate with the XRP Ledger (XRPL). The letter warns that such a model would “functionally accept deposits” and perform services outside the scope of what national trust banks were intended to do. However, one community member explained the ICBA’s stance, writing , “Seven pages to say “We are afraid……” Seven pages to say "We are afraid……" — Natoman (@Natoman9) August 6, 2025 Concerns Disguised as Technical Objections The ICBA’s arguments rest largely on legal and procedural concerns. The group claims RNTB’s activities would violate the National Bank Act by acting as a de facto deposit-taking institution, offering RLUSD to retail users in a way that closely resembles a deposit. They argue that stablecoins like RLUSD pose risks to banking system stability by incentivizing capital flight from traditional deposits. It references a Treasury report that estimated $6.6 trillion could move to stablecoins if yields are allowed. Ripple is also accused of leveraging the trust bank structure to bypass full Federal Reserve oversight, as trust banks are not subject to the Bank Holding Company Act (BHCA). The letter claims this weakens the system’s regulatory integrity and threatens consumer protections. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Real Issue The ICBA letter extends beyond regulatory concerns. It shows discomfort with Ripple’s growing role in digital finance and its effort to make XRP a key part of institutional payments and stablecoin infrastructure. While the letter cites Ripple’s past issues with the SEC and FinCEN, it also suggests that Ripple’s strategy threatens the market position of traditional banks. A Preemptive Strike Against XRP and RLUSD in Banking The ICBA is urging the OCC to reject Ripple’s trust bank charter and to open formal rulemaking. This move aims to prevent crypto assets like RLUSD from entering the banking system under lighter regulation. Traditional financial institutions are afraid that XRP and RLUSD will dominate the banking system. This is why ICBA attempts to block Ripple out. Ripple has not yet responded, but the message from the ICBA is clear. Established institutions view XRP’s expanding role as a challenge they are not willing to ignore. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post ICBA Opposes Ripple Trust Bank: “7 Pages of Saying We Are Scared of XRP” appeared first on Times Tabloid .
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BitcoinWorld Ethereum Exchange Holdings Plummet: A Historic Shift Since 2016 A remarkable shift is underway in the world of cryptocurrency, specifically concerning Ethereum exchange holdings . Recent data reveals that the amount of Ethereum (ETH) held on major centralized exchanges has dropped to its lowest point since 2016. This significant decline prompts us to explore what this trend signifies for the broader crypto market and the future of ETH. Understanding the Historic Drop in Ethereum Exchange Holdings According to a report by DL News, citing data from CryptoQuant, the total ETH supply on centralized exchanges now stands at a mere 18.8 million. This figure marks a substantial reduction of over 33% from its peak of 28 million ETH in mid-2022. Such a sharp decrease indicates a fundamental change in how investors are managing their Ethereum assets. Significant Decline: From 28 million ETH in mid-2022 to 18.8 million currently. Lowest Level Since 2016: This indicates a long-term trend rather than a short-term fluctuation. Data Source: The insights are drawn from reputable analytics firm CryptoQuant, highlighting the trustworthiness of the data. This metric is crucial because centralized exchanges often serve as a barometer for short-term trading sentiment. A lower supply on these platforms can suggest less immediate selling pressure. Why Are Centralized Exchanges Seeing Less ETH Supply? Several factors contribute to this noticeable reduction in Ethereum exchange holdings . Investors are increasingly choosing to move their ETH off exchanges for various reasons, reflecting evolving strategies and confidence in the network. Increased Staking: A significant portion of ETH is being locked up in Ethereum’s Proof-of-Stake consensus mechanism. Staking ETH removes it from active circulation and exchange trading. Decentralized Finance (DeFi) Growth: Many users are moving ETH into DeFi protocols for lending, borrowing, or yield farming, which often requires self-custody or interaction with non-custodial wallets. Long-Term Conviction: A desire for greater security and a belief in Ethereum’s long-term potential encourages self-custody. Investors are opting to hold their ETH in personal wallets, away from the immediate reach of exchanges. Regulatory Concerns: Some investors might be wary of potential regulatory actions affecting centralized platforms, prompting them to take control of their assets. This trend suggests a growing maturity within the crypto market , as participants become more comfortable with self-custody and decentralized applications. What Does This Mean for Ethereum Price and Market Dynamics? The dwindling ETH supply on centralized exchanges can have several implications for the Ethereum price and overall market dynamics. When less supply is readily available for sale, it can create upward pressure on prices, assuming demand remains constant or increases. Reduced Selling Pressure: Less ETH on exchanges means fewer tokens are immediately available to be sold, potentially mitigating large sell-offs. Supply Shock Potential: If demand for ETH suddenly surges, the limited supply on exchanges could lead to rapid price increases. Investor Sentiment Shift: The move to self-custody signals a strong bullish sentiment, as investors are less likely to sell their holdings if they are not on an exchange. However, it is important to remember that the Ethereum price is influenced by many factors, including overall market sentiment, macroeconomic conditions, and network developments. While reduced exchange supply is a positive indicator, it is not the sole determinant of price action. Embracing Self-Custody: The Future of Ethereum Holdings? The dramatic drop in Ethereum exchange holdings underscores a significant trend towards self-custody and decentralization. This shift empowers individual users with greater control over their assets, aligning with the core principles of blockchain technology. Actionable Insights for Investors: Consider Self-Custody: Explore hardware wallets or secure software wallets for long-term ETH holdings. Research Staking Opportunities: If you hold ETH, investigate staking options to earn rewards while contributing to network security. Stay Informed: Keep an eye on on-chain metrics and broader crypto market trends to understand the evolving landscape. While self-custody offers benefits like enhanced security and control, it also carries the responsibility of managing private keys safely. Losing access to your wallet means losing your funds permanently. Therefore, proper education and caution are paramount. The plummeting Ethereum exchange holdings to levels not seen since 2016 is a powerful indicator of changing investor behavior and a growing embrace of Ethereum’s decentralized ethos. This trend reflects a maturing ecosystem where users are increasingly comfortable taking direct control of their assets, moving them off centralized exchanges for long-term holding, staking, or participation in DeFi. This historic shift could have profound implications for future Ethereum price movements and the overall stability of the crypto market , signaling a more robust and self-reliant community. Frequently Asked Questions (FAQs) Why are Ethereum exchange holdings decreasing? Ethereum exchange holdings are decreasing primarily because investors are moving their ETH off centralized platforms for various reasons, including staking, participation in Decentralized Finance (DeFi), long-term conviction, and a preference for self-custody to enhance security and control over their assets. What does a drop in ETH supply on exchanges mean for the Ethereum price? A drop in ETH supply on exchanges generally indicates reduced selling pressure. When less ETH is readily available for sale on trading platforms, it can create a supply shock, potentially leading to upward pressure on the Ethereum price if demand remains strong or increases. Is it safer to hold ETH off centralized exchanges? Holding ETH off centralized exchanges, in a personal wallet (self-custody), offers greater control and can be safer from risks like exchange hacks or regulatory interventions. However, it also means you are solely responsible for securing your private keys; losing them results in permanent loss of funds. How does this trend relate to decentralization in the crypto market? This trend strongly aligns with the principles of decentralization. By moving ETH off centralized exchanges, users are opting for direct ownership and interaction with the blockchain, reducing reliance on intermediaries and fostering a more decentralized and resilient crypto market ecosystem. Where is the ETH moving to if not on exchanges? The ETH moved off exchanges is primarily going into personal wallets (both software and hardware wallets) for self-custody, being locked up in staking contracts on the Ethereum network, or being deployed into various Decentralized Finance (DeFi) protocols for yield generation and other services. Did you find this analysis helpful? Share this article with your network to spread awareness about the significant shift in Ethereum exchange holdings and its implications for the crypto market! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action . This post Ethereum Exchange Holdings Plummet: A Historic Shift Since 2016 first appeared on BitcoinWorld and is written by Editorial Team
Toyota’s Q2 earnings showed a 37% fall in profit to 842 billion yen ($5.7 billion), primarily driven by the U.S. tariffs. The Trump tariffs accounted for an estimated annual cost of $9.5 billion. The Japanese automaker has effectively revised its yearly profit forecast down by 600 billion yen to 3.2 trillion yen. The automaker anticipates a 1.4 trillion yen ($9.5 billion) annual hit from levies imposed by the U.S. on product exports/imports. It announced a quarterly profit of 841 billion yen ($5.7 billion), down from 1.33 trillion yen a year ago. Despite a 3% increase in global sales, the automobile company was slapped with a reduction in operating profits by 450 billion yen ($3 billion), resulting from Trump tariffs alone. Toyota revises its annual profit forecast down Toyota revised its annual operating profit down by 600 billion yen to 3.2 trillion yen following the anticipated $9.5 billion yearly hit from Trump tariffs. The automaker cited unfavorable exchange rates and rising operational costs in Japan as the key drivers for weak earnings during Q2. The company press argued further that despite the challenges, it has continued to invest comprehensively, improve sales, and cut costs. The company could not avoid the decline despite strong global demand in Q1 of 2025. The Japanese automaker recorded a 7.4% year-over-year increase in international sales. It sold 5.5 million units compared to 5.1 million units last year. Retail sales recorded 2.4 million units, up from 2.2 million last year. Notable regions that drove the sales included Japan, North America, and Europe. The U.S imposed a 25% import tariff in April on Japanese vehicles, highly impacting Toyota and Honda. According to Japan’s Ministry of Trade data , Japanese vehicle exports reduced by 25.3% year on year in June, despite a 4.6% rise in export volumes to the U.S. Some analysts have said the divergence proves how automakers have been forced to take tariff-related costs by squeezing their margins, even though sales continue to grow. According to the Japanese customs data , auto exports to America form a crucial part of the Japanese economy, accounting for 24% of the total vehicle exports in 2024. Toyota offers dealership access to the U.S competition in a tariff relief bid Toyota has offered to increase its shipments to the U.S. and assist American competitors with dealership access to the Japanese markets to ease tariff pressure. The initiative coincides with the ongoing negotiations between the U.S. and Japan to reduce tariffs to 15%. The automaker is still uncertain about when the reduced rate will take effect. The Japanese automaker based its profit forecasts on the assumption that Trump will cut the levies on imports to 12.5% starting this month. The levies remain at 15%, straining the automaker’s margins even further and triggering another decline in the annual profit forecasts. Some analysts have revealed that Toyota is among the most hit companies by the Trump tariffs. In an exclusive interview with CNBC, Abhik Mukherjee, an automotive analyst at Counterpoint Research, revealed that Japanese automakers faced significant profit pressure earlier this year due to elevated U.S. import tariffs and a stronger yen. He added that despite higher vehicle export volumes to the U.S., the higher costs from tariffs squeezed the automaker’s margins. Mukherjee believes that Japanese automakers still face margin reductions from the strong yen and high operation costs. However, he said the 15% reduced rate plus pricing adjustments could stabilize the annual earnings. He added that Japanese automakers have a competitive advantage over competitors in the NAFTA region (including Canada, Mexico, and the U.S.), who still face higher tariffs. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Get Early Alpha with Our Immediate Analysis of Today’s Best Meme Coins Check out our Live Update Coverage on the Best Meme Coins for August 7, 2025! With Bitcoin merrily skipping past the $123K ATH, meme coins stand on the precipice of a potential explosion. Given the massive upside potential and low entry prices, meme coins have become a magnet for traders looking for quick gains. Given their sky-high market cap, meme coins have Lamborghini potential (think 7-10x in a day). High-risk, high-reward players naturally love them, and so should you. This page gives you the inside edge—live updates on trending meme coins, alpha from crypto degens, and whispers from FOMO-driven trading circles. If you’re hunting for the next 10x or 100x gem, you’re in the right place. We update this page frequently throughout the day, as we get the latest insider insights on the best meme coins, so keep refreshing! Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. $SOL Primed for Rally to $340, Analysts Forecast. Solana Meme Coins to Boom August 7, 2025 • 10:00 UTC Solana looks ready for a 100%+ rally, according to a recent report from The Coin Republic. Currently trading just above $169 after a -35% dip from January, $SOL is mirroring historical trends similar to its 2024 rally. The same bullish fractal pattern forming today had rallied $SOL 70% in 2024. If history does repeat, the coin could hit a new all-time high of $340 in the near future. MACD indicators already point at growing bullish momentum, and $SOL is aiming to establish new support levels at $177 and $189, crypto analyst Ali Martinez stated . With Solana being the de facto network for meme coins , the growing bullish sentiment could also trickle down into other on-chain tokens. In fact, blockchain data shows a growing number of transactions going towards meme coin ICOs like Snorter Token ($SNORT) , which has already raised $2.8M+ in the pre-market. A multi-chain crypto with a trading bot for sniping new and top-performing tokens on Solana and Ethereum, Snorter’s resounding success so far is further proof that investors are turning towards the Solana network. Learn more about Snorter’s Telegram bot. $BTC Stabilizes as Short-Term Profit-Taking Slows – Best Meme Coins Like $MAXI May Be Ready to Rip August 7, 2025 • 10:00 UTC Bitcoin short-term holders are finally easing up on profit-taking, according to Glassnode. The spent volume from recent buyers dropped to 45% , below the neutral mark – suggesting less sell pressure and more accumulation. With $BTC holding strong around $115K, analysts say the market is in “mid-bull” territory. Onchain data from Checkonchain also confirms that weaker hands are exiting near breakeven , clearing room for longer-term holders to stack. Historically, when Bitcoin cools, meme coin appetite explodes. That’s where Maxi Doge ($MAXI) comes in: the ultra-degen, 1000x-leverage-themed Doge derivative already raising eyebrows with over $438K in its presale. With staking at 593% APY and a community narrative built on screen time, sweat, and satire, $MAXI could be the next big move. Check out our full roundup of the best meme coins to buy right now before the next leg up.