In the early hours of August 2, Ripple executed a pair of major transactions, collectively locking 700 million XRP, worth more than $2.08 billion, back into escrow. These movements, totaling 500 million and 200 million XRP, respectively, were publicly identified via blockchain monitoring platforms and later shared by crypto analyst Xaif (@Xaif_Crypto) on X. The transactions took place just minutes apart, with the 500 million XRP lock occurring at 05:44 UTC and the 200 million XRP lock registered at 05:43 UTC. While these transactions are part of Ripple’s routine escrow system , they come at a moment of heightened attention to XRP’s performance. JUST IN: Ripple locks 700M $XRP (worth over $2.08B) back into escrow 500M XRP 200M XRP pic.twitter.com/99Z9whpQDp — Xaif Crypto | (@Xaif_Crypto) August 2, 2025 How Ripple’s Escrow Works Ripple’s escrow system was introduced in 2017 to address long-standing concerns about XRP’s circulating supply. Through this mechanism, 55 billion XRP were initially placed into a series of time-locked contracts, with a maximum of 1 billion XRP released monthly. Some experts believe this escrow system protects XRP’s price , and the company retains the option to place unused XRP back into escrow. That’s precisely what appears to have occurred here. These relocks help preserve scarcity and reduce fears of oversupply, which can impact market sentiment. Can Escrow Activity Push XRP Above Crucial Support? At the time of the escrow activity, XRP traded just below $3, a crucial support level it lost on August 1 . Investors have expressed concern about the asset’s trajectory, as this decline came less than two weeks after the asset hit a new all-time high . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Although the asset has lost the $3 mark, it has shown relative strength, staying just under $3 instead of falling further. This strength may be attributed to renewed institutional interest , ongoing developments in Ripple’s international partnerships, and the buyers in the market defending the asset from continued declines. Ripple’s escrow sales might contribute to the buying pressure, potentially pushing XRP back above $3 and securing that support level. In some past cycles, these large-scale escrow locks have been seen as stabilizing forces. However, the current market reaction remains muted. While the escrow system has its critics, experts in the crypto space have consistently pushed back against them , as many see the system as a positive force in the market. Market watchers continue to monitor how Ripple’s escrow decisions correlate with the digital asset’s price action. 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 Ripple Locks 700 Million XRP (Worth over $2.08 Billion) Back into Escrow appeared first on Times Tabloid .
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BlackRock executive Rick Rieder reportedly thinks the U.S. Federal Reserve could slash rates by 50 basis points in September. Rieder, the asset management giant’s chief investment officer of global fixed income, said in a note to clients that Friday’s tepid jobs report from the U.S. Bureau of Labor Statistics could convince the Fed to institute a larger cut than expected, according to a new report from CNBC. “If slack in the labor force builds at all, or we continue to see a below 100,000 jobs hiring rate persistently, we would expect the Fed to start moving rates lower, and a 50-basis point cut in September might be possible depending on how the data evolves.” The new labor report indicated total nonfarm payroll employment increased by 73,000 jobs in July, less than the Dow Jones estimate of 100,000. The CME FedWatch Tool, which generates probabilities using the 30-day Fed Funds futures prices, estimates there’s an 80.3% chance the Fed will cut the federal target rate by 25 basis points at the Federal Open Market Committee (FOMC) meeting in September, up from 37.7% on Thursday. However, the tool currently estimates there’s zero chance of a 50-basis-point cut. Fed Chair Jerome Powell said at a press conference this week that no decisions have been made about September’s potential policy choices. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fed Could Slash Rates by 50 Basis Points in September After Weak Jobs Report, Says BlackRock Executive: Report appeared first on The Daily Hodl .
Bitcoin’s adverse price movements that started on Thursday continued in the past 24 hours, with the asset sliding to a new multi-week low of under $113,000. With multiple altcoins in the red as well, including a new all-time low for Pi, it’s no wonder that the total crypto market cap has dumped by nearly $250 billion in a few days. BTC Keeps Dropping The primary cryptocurrency experienced a brief retracement at the end of the previous business week when it dipped from $119,000 to under $115,000 amid substantial sell-offs by Galaxy Digital on behalf of a client. However, once the sale was completed, BTC recovered most losses and even headed toward $120,000 after the weekend. The bears were quick to intercept the move and didn’t allow another price jump. Bitcoin remained calm until Wednesday, when the latest FOMC meeting was scheduled to take place. Despite the positive US GDP data for Q2 and Trump’s continued pleas for rate reduction, Powell and company left them unchanged for a fifth consecutive time. BTC reacted with an immediate price slip to under $116,000 but bounced off and challenged $119,000 on Thursday morning. However, more Trump-induced volatility followed amid new tariff developments and nuclear sub movements, and bitcoin plunged below $113,000 on Friday evening for the first time since July 10. It has recovered around a grand since then, but it’s still 1% in the red daily and 3% down weekly. Its market cap is down to $2.260 trillion, while its dominance stands tall at 60%. BTCUSD. Source: TradingView XRP Fares Well Most larger-cap alts have followed BTC on the way south, with even bigger price declines. ETH has slipped below $3,500 after a 4% daily drop, SOL is below $165, while DOGE, HYPE, LINNK, BCH, and HBAR have retraced by around 3-4%. Pi Network’s native token dumped to another all-time low earlier today, while ENA has plunged by 7%. There are a few exceptions from the larger-cap alts, including XRP and LTC, which are slightly in the green. TON has risen by over 3.5% to almost $3.6. The total crypto market cap has dumped to $3.750 trillion on CG. This means that the metric has lost roughly $250 billion since Thursday’s peak. Cryptocurrency Market Overview. Source: QuantifyCrypto The post XRP, TON Defy Market Correction as BTC, Alts Continue to Melt Down: Weekend Watch appeared first on CryptoPotato .
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Ripple CTO plans to launch a high-performance XRPL server hub to support validators and applications. The server will feature enterprise-grade specs including an AMD 9950X CPU, 256GB RAM, and a 10GB unmetered connection. Reserved slots will support key XRPL infrastructure, while remaining capacity will be open to the public on a best-effort basis. Ripple’s Chief Technology Officer, David Schwartz, announced on Saturday he is ‘ independently’ deploying a new, high-performance server hub for the XRP Ledger (XRPL) to better support its validators and applications. In a detailed post on X, Schwartz explained that the initiative is his personal project and not affiliated with Ripple , despite his role at the company. He noted that after a few years of not running his own XRPL infrastructure, he identified the need for a high-quality hub to serve XRPL ecosystem in a reliable and stable manner. “This would be my server run by me with no official connection to Ripple other than that I’m a Ripple employee,” Schwartz stated. Designed for Performance and Stability The planned setup includes top-tier hardware meant to ensure maximum uptime: Processor: AM… The post Ripple CTO to Launch ‘Independent’ XRPL Hub With Enterprise-Grade Specs appeared first on Coin Edition .
As the market soared in July, crypto hacks also saw a significant increase from the previous month, with crypto exchanges losing over $100 million in the past 30 days. This follows a concerning trend that has been developing this year, which suggests that theft from digital asset services could reach a new milestone by the end of 2025. Related Reading: ‘Hated Rally’ Coming? Pump.Fun (PUMP) Soars 30% From Lows Amid Token Buybacks Crypto Exchanges Lose $114 Million In July On Friday, security firm PeckShield noted that the total losses from crypto hacks reached $142 million in July, with crypto exchanges topping the list. CoinDCX, GMX, and BigONE recorded 80% of the total losses. Notably, Indian exchange CoinDCX suffered the highest loss of the month after a security breach on July 19 resulted in the transfer of $44 million in USDT from one of the platform’s wallets to six unknown personal wallets. Hackers were able to access the crypto exchange’s system after compromising an employee’s login credentials. Recent reports revealed that the employee was allegedly lured into a fake job task and persuaded to download and use his CoinDCX-designated laptop to complete tasks, unsuspectingly downloading files with malware. Meanwhile, Perpetual and spot crypto exchange GMX recorded the second-largest hack of the month after losing around $42 million on July 9 when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum. GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations, resulting in approximately $42 million worth of assets being transferred from the GLP pool to an unknown wallet. Nonetheless, the incident saw a happy ending after the hacker accepted a white-hat bounty and returned most of the funds. As reported by NewsBTC, the exploiter returned $10.49 million worth of FRAX and 10,000 ETH, valued at $30 million, on July 11. 2025 Alarming Trend Continues Based on data from PeckShield’s previous reports, Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively. However, the short-term trend changed in July as the total value of stolen funds surged 27.2% from June’s $111.6 million. Additionally, the total number of major incidents slightly increased by 13.3%, from 15 registered incidents in June to 17 hacks in July. This follows a broader trend developing this year, as Chainalysis explained on its “2025 Crypto Crime Mid-Year Update.” In the report, the on-chain analytics firm revealed that crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half. Related Reading: Ethereum Celebrates 10 Years: Coinbase CEO Shares Vitalik Buterin Anecdote As ETH Eyes $4,000 By the end of June, more value had been stolen year-to-date (YTD) than during the same period in 2022, suggesting that theft from crypto services could potentially increase another 60% by year’s end. Additionally, YTD activity shows a steeper trajectory into the end of the first half, with an alarming velocity and consistency, than in previous years. For reference, 2025 required 142 days to hit the $2 billion mark in value stolen from platforms, while 2022 reached this volume in 214 days. “If this trend continues, we could see 2025 end with more than $4.3 billion stolen from services alone,” the report forecasted. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano (ADA) is drawing close attention once again as market analysts reevaluate its potential heading into August 2025. After months of consolidation below the $0.50 mark, traders are now eyeing bullish signals that could send the price higher, especially with broader altcoin sentiment improving. Historical patterns show that ADA tends to lag behind Bitcoin’s rallies before staging abrupt catch-ups—a trend that could repeat in the coming weeks. With traders anticipating positive ETF rulings and more clarity around blockchain regulation, many are also watching smaller cap plays emerging under the radar. One such name that continues to gain traction across crypto forums and X (Twitter) is MAGACOIN FINANCE, a fast-rising altcoin that’s now topping social media engagement charts and quickly climbing the meme coin ladder. What Could ADA Be Worth in August 2025? According to projections from Perplexity AI and Gemini-based models, Cardano could trade between $0.68 and $1.10 by late August, assuming Bitcoin sustains its $80K+ range and altcoin liquidity remains strong. A mid-range target of $0.89 has been assigned by technical forecasters based on support-resistance zones on the weekly chart. This would represent an 80%+ rise from ADA’s current range if confirmed. Fueling this optimism are developments in the Cardano ecosystem, including the Midnight sidechain and more frequent mentions of ADA in ETF speculation reports. However, analysts remain cautious, noting that any delay in broader market recovery could push ADA’s surge into Q4 instead. A New Contender Dominates the Meme Coin Buzz While large-cap assets like ADA wait for confirmation, one emerging altcoin is already dominating buzz metrics, with multiple trend-tracking platforms now placing it above traditional meme tokens in user mentions and engagement. The project’s early-stage phase is drawing comparisons to the explosive early days of SHIBA INU – but with more structure and actual development milestones in place. With early-stage slots filling rapidly and round closings happening in record time, some are now calling it a top contender for 2025’s breakout altcoin. A small sum invested today could potentially mirror previous meme token surges and turn into a fortune, based on past cycles and current entry prices. Investors are watching closely as major exchange listings appear to be on the horizon. What Could Push ADA Higher? Several catalysts could propel ADA toward the upper end of its projected range. These include an ETF announcement involving Cardano, a successful Midnight airdrop event, and renewed whale accumulation patterns. Developer activity remains high, and ADA’s DeFi ecosystem has grown steadily, giving it more long-term utility than some competitors. Still, it’s the broader crypto sentiment that may ultimately determine ADA’s August performance. If Bitcoin breaks new highs and capital rotates into quality altcoins, Cardano could see a delayed but strong upside reaction. Conclusion Cardano may be on the edge of a potential rebound as technical indicators and market sentiment start to turn. With price models forecasting up to $1.10 and the altcoin market heating up, ADA remains one to watch in August 2025. Meanwhile, MAGACOIN FINANCE is stealing the spotlight in the meme coin space, rapidly overtaking old favorites with record-breaking activity and community growth. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Realistic Price Prediction for ADA for August 2025
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