Bitcoin is currently holding above $118K after breaking its second channel, with futures open interest nearing $100B and RSI targeting levels between $119K and $122.6K. Bitcoin has broken out of
XRP price is gaining bearish pace below the $3.150 resistance zone. The price is struggling near $3.00 and remains at risk of more losses. XRP price is declining below the $3.20 and $3.150 levels. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could regain bullish momentum if it clears the $3.10 zone. XRP Price Dips Further XRP price attempted more gains above the $3.250 zone, like Bitcoin and Ethereum . The price failed to extend gains and started a downside correction below the $3.150 level. The pair dipped below the $3.120 and $3.10 support levels. Finally, it tested the $3.00 support zone. A low was formed at $2.971 and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3.350 swing high to the $2.97 low. The price is now trading below $3.050 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.020 level. The first major resistance is near the $3.050 level. There is also a bearish trend line forming with resistance at $3.060 on the hourly chart of the XRP/USD pair. A clear move above the $3.060 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance or the 50% Fib retracement level of the downward move from the $3.350 swing high to the $2.97 low. The next major hurdle for the bulls might be near $3.20. More Losses? If XRP fails to clear the $3.050 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.9650 level. The next major support is near the $2.920 level. If there is a downside break and a close below the $2.920 level, the price might continue to decline toward the $2.850 support. The next major support sits near the $2.80 zone, below which there could be a larger decline. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 and $2.850. Major Resistance Levels – $3.050 and $3.150.
On August 18th, COINOTAG reported insights from renowned crypto expert AB Kuai.Dong, highlighting the current dynamics in the *Ethereum* market. Despite a notable **9% correction** from the weekend peak, two
India’s top tax authority has raised several questions to local crypto players whether India needs a new digital assets law. The Central Board of Direct Taxes (CBDT) has also inquired whether the 1% tax-deducted-at-source (TDS) on every sale is excessive. Per a report by The Economic Times , the tax body has requested that crypto platforms submit their responses by mid-August. The CBDT has raised a flurry of questions, including whether the 30% flat tax has affected volumes and liquidity. Further, it is seeking inputs on tax measures to ensure a level playing field between domestic and offshore crypto exchanges. Additionally, the agency has asked whether there was a lack of legal clarity in derivatives and cross-border crypto transactions. This comes at a time when some local exchanges announced offering derivative products like crypto futures. For instance, CoinDCX provides up to a maximum leverage of 100x for certain pairs. Will India Introduce a Comprehensive Crypto Tax, Regulation? CBDT’s move to consult local players in setting a definitive crypto legislation has raised hopes among the community, which has been struggling with stiff taxes. Besides, India’s crypto sector has been stepping up efforts to lobby the government for tax reforms. They have demanded a rollback on the 30% capital gains tax and a 1% levy on every crypto transaction. India’s crypto industry is intensifying a push for tax reform as government engagement grows following Trump’s renewed support for digital assets. #Web3 #CryptoIndia https://t.co/32JQqAJWu0 — Cryptonews.com (@cryptonews) May 27, 2025 Further, pro-crypto laws by advanced jurisdictions and the emerging overall crypto market, pushed by the US crypto ETF inflows , have triggered India to possibly change track from its skeptical view on the asset class. “It is likely that the government will introduce a comprehensive virtual digital asset regulation,” Purushottam Anand, advocate and founder of Crypto Legal, told the ET. He expressed optimism, drawing parallels with India’s G20 Synthesis Paper consideration and the recent announcement by the Parliamentary Standing Committee on Finance to explore a detailed crypto examination this year. However, given the Reserve Bank of India’s continuous negative stance on crypto, an imminent crypto policy could be a challenge. Anand noted that China is the only major economy to impose a blanket ban on crypto, but the global consensus is “clearly leaning towards regulation.” India Is Certainly Shifting Toward Crypto Engagement Indian crypto players have shed their positive stance toward India’s potential to emerge as a leading crypto-inclusive economy. Sumit Gupta, co-founder and CEO of CoinDCX, highlighted how India played a significant role in advancing the global crypto conversation during its G20 presidency. “These markets are moving quickly to integrate crypto into their financial systems in a way that supports both innovation and consumer protection,” Gupta told Cryptonews. “What India really needs now is a clear, long-term roadmap.” Further, Ashish Singhal, co-founder of CoinSwitch exchange, said that regulators are having active conversations with local crypto players. Speaking to the Financial Times in May, Singhal said that the RBI’s tone towards crypto has relaxed. “The relationship with the RBI has gone from negative to neutral,” he noted. “I will still not quite call it positive yet.” The post Does India Need a New Crypto Law? Tax Authority Questions Local Players: Report appeared first on Cryptonews .
Shiba Inu’s new mechanism utilizes Chainlink automation for SHIB token burns, enhancing its deflationary strategy. Ripple’s XRPL hub maintains stability under high traffic, showcasing its robust performance amid rising demand.
For years, DOGE and SHIB whales have been known for chasing meme-fueled market frenzies, riding waves of hype, and cashing in on speculative bursts. Yet now, their focus has shifted toward a project rooted not in memes but in genuine DeFi architecture — Mutuum Finance (MUTM) . With deep income-generating mechanics, innovative lending models, and a presale price still well below its projected listing value, this is emerging as the best cheap crypto to buy now for those aiming for both growth and utility. This shift is not about abandoning the meme culture whales are familiar with, but about recognizing a defi crypto platform with real revenue streams, stable collateralized systems, and an aggressive roadmap designed for long-term expansion. Three distinct elements are driving this accumulation — and together, they are building a case for MUTM as what’s the best crypto to buy before the market fully catches on. Staking that pays from real protocol revenue Unlike staking systems that simply inflate supply with new tokens, Mutuum Finance (MUTM) drives real buy pressure through a platform-generated revenue mechanism. Users who stake mtTokens in designated smart contracts will receive MUTM rewards, bought back from the open market using revenue generated from the protocol’s lending and borrowing activity. This means staking rewards are not just numbers on a screen — they are backed by an ongoing market purchase strategy, increasing both scarcity and value support. Whales who previously piled into DOGE or SHIB are seeing this as the best crypto coin to buy for sustainable yield. With growing platform adoption, staking rewards are positioned to scale alongside actual protocol usage, creating a reinforcing loop between liquidity, buybacks, and investor returns. This is a key reason large holders are moving beyond hype-driven plays and into a defi crypto project that has structured its incentives for long-term viability. A $1 stablecoin that balances stability and opportunity Another major draw is Mutuum Finance (MUTM)’s native $1-pegged stablecoin, a controlled, overcollateralized asset minted only by approved issuers when borrowing against assets like ETH. This stablecoin is automatically burned when loans are repaid or liquidated, maintaining supply discipline. Unlike volatile market-driven rates, the borrowing interest rate for this stablecoin will be set by governance to keep its price anchored to $1. If the stablecoin drifts above $1, interest rates can be lowered to stimulate borrowing; if it drops below $1, rates can be raised to slow issuance. Arbitrage further reinforces the peg, creating predictable value stability even in volatile market conditions. This kind of predictable liquidity instrument is rare in new crypto projects, and it gives traders, investors, and DeFi users a reason to hold and use MUTM beyond speculation. It’s no wonder whales accustomed to chasing quick pumps are now eyeing MUTM as the best crypto to invest in for both defensive and offensive portfolio positioning. Roadmap with clear growth triggers Mutuum Finance (MUTM)’s growth path is structured across four phases. Currently in Phase 6 of its presale, the project has already reached over $14.43 million in contributions, with 17% of total tokens sold and more than 15,300 holders. The current price is $0.035, with the next phase pricing set at $0.040 — a move that is motivating early movers to secure allocations now before the jump. For whales, the math is already paying off. An entry in Phase 5 at $0.030 is now up 16.6% before the token has even reached an exchange. With listing projections above $0.12 following a post-demand surge, these positions are showing the kind of early-stage growth DOGE and SHIB whales thrive on — but this time, backed by a platform that’s audited by CertiK with a Token Scan score of 95 and a Skynet score of 78. Security is further reinforced with a $50K bug bounty program that rewards severity-based findings, plus a $100K giveaway for ten winners to amplify community engagement. The roadmap ahead includes the live platform launch, beta testing, multi-chain expansion, and listings on top exchanges like Binance, KuCoin, and Coinbase. Each milestone is designed to expand accessibility, drive user growth, and feed into the buy-and-distribute staking model that whales are already counting on for amplified returns. P2C lending will offer passive income streams on bluechips like ETH, while P2P lending will allow flexible deals — including DOGE-based arrangements — between individual lenders and borrowers, widening the scope of liquidity generation. With Phase 6 selling faster than expected and whales increasingly absorbing large allocations, Mutuum Finance (MUTM) is showing all the signs of being the best cheap crypto to buy now before the next price jump. For investors who remember missing Bitcoin (BTC) at $100 or Ethereum (ETH) at $10, this is the kind of early-stage entry point that may not come twice. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance The post Three reasons DOGE, SHIB whales are buying this $0.040 utility token appeared first on Invezz
Solana recently achieved a remarkable milestone by processing over 100,000 transactions per second (TPS) on its mainnet, although the actual throughput is significantly lower, averaging around 1,050 TPS. Solana’s peak