Bloomberg Analysts Suggest Continued Confidence in XRP ETF Approval Despite Recent Criticism from SEC Commissioner Crenshaw

The odds of the SEC approving an XRP ETF have dropped to 66%, but Bloomberg analysts maintain a 95% forecast, viewing the dissent of a single SEC commissioner as insignificant.

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Michael Saylor Suggests Tariffs on Gold Could Drive Institutional Interest in Bitcoin

Michael Saylor believes that the recent U.S. tariffs on gold bars will accelerate the shift towards Bitcoin, emphasizing its advantages as a digital asset. Bitcoin’s appeal lies in its digital

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Trump’s Actions Stir Global Cryptocurrency Market

The anticipated secondary sanctions on Russia were substantial but remain unimplemented. Trump aims for a peace agreement to end the Russia-Ukraine conflict soon. Continue Reading: Trump’s Actions Stir Global Cryptocurrency Market The post Trump’s Actions Stir Global Cryptocurrency Market appeared first on COINTURK NEWS .

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XRP ETF Approval Odds Soar to 90% After Ripple-SEC Legal Battle Ends

On Aug. 8, data from Polymarket revealed that the chances of the U.S. Securities and Exchange Commission greenlighting a Ripple ETF soared to almost 90%. End of Legal Battle Removes Key Hurdle The odds of the U.S. Securities and Exchange Commission (SEC) approving a Ripple exchange-traded fund (ETF) briefly jumped to just under 90% on

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CrediX team deleted the platform's X account, sparking speculation that the recent hack was a rug pull

The CrediX account on X has disappeared, with suggestions that the $4.5M recent hack may have been a rug pull. The lending protocol on Sonic chain suffered an attack with unlimited token minting, with up to $4.5M unauthorized assets created. The CrediX recent hack for a total of $4.5M is suspected to be an inside job and a form of rug pull. The relatively minor project on the Sonic chain was exploited on August 4, as on-chain researchers noted a $2.64M flash loan and a total of $4.5M in unauthorized wrapped USDC. As Cryptopolitan reported , the initial theory for the hack was a flawed smart contract or another form of access to the minting function. However, the disappearance of the CrediX account on X sparked suggestions of a rug pull. The disappearance of the team suggested the private keys were not leaked or taken from a code repository, but may have been controlled by the team all along. The team may have disappeared as a way to avoid tackling a complex DeFi situation with contagion to other protocols. However, some of the bridged funds on Ethereum were already moved through TornadoCash, with the remaining funds still being watched for transfers. CrediX team disappears after promising compensation in 24 hours Initially, the CrediX team stated it would reimburse all funds lost, but while traders waited, the team disappeared. The team said there would be a repayment of all claims through smart contracts to compensate for the funds stolen from the Sonic-Ethereum bridge. Rug pulls have been relatively rare during the 2024-2025 bull cycle, with the exception of meme tokens. In the DeFi space, most projects tried to prove reliability and robust reserves, even in the face of hacks. Protocols like Cetus DEX managed to recover some of their funds and relaunch . There are also more robust efforts to track down and lock funds where possible. Based on the unauthorized minted wrapped tokens, the team may still have access to the 4.5M USDC on Ethereum, with no mention of tagging the wallet or freezing. In this case, the value did not disappear, but is held entirely by the exploiters. CrediX contagion spreads to other protocols The CrediX loss caused panic to spread to other protocols, despite indirect exposure. Trevee, formerly Rings Protocol, was affected due to holding some scUSD from CrediX. Trevee staked the scUSD to mint metaUSD. When the CrediX exploit happened, all liquidity providers disappeared, leading to over $1.8M unbacked metaUSD. Rings Protocol covered some of the unbacked tokens, but still suffered a loss by holding 737,427 scUSD. The fallout of CrediX essentially generated additional bad debt in the Trevee protocol, affecting stkscUSD and veUSD holders. To prevent further contagion, Trevee stopped minting and redemptions for its stablecoins. Stability DAO vaults were also affected by the draining of liquidity from CrediX stablecoins. Stability’s Metavaults were affected, with an estimated up to 30% to 40% of funds exposed to CrediX. Stability is working with the Sonic team to resolve the situation, which may include the doxing of the CrediX team and raising the case with authorities. Metavaults are now closed and expected to reopen next week. The exploit did not affect Sonic, which still holds around $467 million in total value locked. Beets, Aave, and Silo Finance remain the top lending protocols, with around $400M in total value locked. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

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ChatGPT’s XRP Analysis Reveals Historic Victory Rally at $3.23 as SEC Case Officially Ends After 5-Year Battle

ChatGPT’s XRP analysis has revealed a powerful bull flag formation at $3.23, with a -2.85% pullback triggering a massive 173% volume surge to $12.62 billion . This surge comes as the SEC and Ripple have jointly dismissed appeals, officially ending a nearly five-year legal battle and clearing the path for institutional adoption and ETF approvals. With RSI neutral at 57.81 and MACD building positive momentum toward a bullish crossover, the next directional move could be explosive as regulatory clarity increases institutional demand. ChatGPT’s XRP analysis synthesizes 19 real-time technical indicators, SEC case resolution impact, ETF approval acceleration, and institutional adoption metrics to assess XRP’s 90-day trajectory amid historic regulatory victory between consolidation continuation and parabolic breakout momentum. Technical Analysis: Bull Flag Formation After Victory Rally XRP’s current price of $3.23 reflects a healthy 2.85% pullback from the opening price of $3.32 , establishing a trading range between $3.39 (high) and $3.21 (low). This 5.6% intraday range was due to controlled profit-taking typical of bull flag formations following major breakouts. The RSI at 57.81 sits in healthy neutral territory with substantial room for continued upward movement without overbought concerns. Moving averages reveal an exceptional bullish structure with XRP above all major EMAs: 20-day at $3.06 ( -5.1% ), 50-day at $2.84 ( -11.8% ), 100-day at $2.63 ( -18.5% ), and 200-day at $2.37 ( -26.4% ). Source: TradingView MACD shows mixed signs at -0.0168 below zero, but a strong positive histogram at 0.0911 suggests building momentum toward a potential bullish crossover. Source: TradingView Volume analysis shows a strong explosion to 211.42 million XRP, and ATR at 2.37 indicates a high volatility environment with potential for a massive move. Historical Context: Regulatory Victory After 5-Year Battle XRP’s August performance marks a historic regulatory victory with the SEC case officially ending through joint appeal dismissal, concluding a nearly five-year legal battle that began in December 2020 . The lawsuit’s conclusion validates years of XRP holder conviction, with those maintaining positions through the entire legal period achieving over 1,700% gains. The SEC and Ripple legal battle is finally over. Mad respect to all of you who held through this long ass case. 𝗙𝗨𝗡 𝗙𝗔𝗖𝗧: If you held $XRP through the entire lawsuit, you'd be up over 1,700%. pic.twitter.com/JUHWABiiX8 — Lark Davis (@TheCryptoLark) August 8, 2025 Current pricing at $3.23 reflects a 15.85% discount to the 2018 all-time high while securing extraordinary 115,000%+ gains from 2014 lows. The regulatory clarity positions XRP for potential new all-time highs as institutional barriers dissolve. The victory creates precedent for cryptocurrency regulation, with implications extending beyond XRP to the entire digital asset ecosystem. Support & Resistance: Strong Foundation Supports Recovery Immediate support emerges at today’s low around $3.21 , which is a key bull flag support level. This zone provides primary defense with a 20-day EMA at $3.06, offering additional institutional-grade support below. Key support shows exceptional depth with 50-day EMA at $2.84 ( -11.8% buffer) and 100-day EMA at $2.63 ( -18.5% buffer). Source: TradingView Resistance begins at today’s high around $3.39 , followed by psychological $3.50 and major resistance at $3.70-$3.80 . Breaking above the current resistance could trigger momentum acceleration toward the all-time high challenge at $3.84 . The technical setup suggests minimal downside risk given strong EMA support, while upside breakout from bull flag could produce explosive moves toward $4.00+ . SEC Victory: Regulatory Clarity Unleashes Institutional Demand The official end of the SEC vs. Ripple case through joint appeal dismissal represents a watershed moment for cryptocurrency regulation. NEW: SEC VS. RIPPLE $XRP CASE IS OVER! THE WORLD WAITS… AS RIPPLE CEO @bgarlinghouse IS YET TO COMMENT! WILL BRAD MAKE AN ANNOUNCEMENT TODAY? Comment Below & Follow For More!! pic.twitter.com/eGpXUyi0sK — Good Morning Crypto (@AbsGMCrypto) August 8, 2025 Markets immediately responded with celebration as XRP futures activity surged 208% to $12.4 billion , overtaking Solana’s volume and demonstrating massive institutional positioning. Open interest climbed 15% to $5.9 billion, with favorable funding rates indicating heavy long positioning. The regulatory victory clears the path for institutional products, including ETF approvals, with Polymarket odds surging from 70% to 90%+ following case resolution. Source: Polymarket ChatGPT’s XRP Analysis: ETF Approval Acceleration ChatGPT’s XRP analysis reveals a key acceleration in the ETF approval timeline following the SEC case resolution. Ten XRP spot ETF applications await final approval, with decisions expected by October 2025 . Major asset managers, including VanEck, Bitwise, and Grayscale, have prepared comprehensive ETF structures anticipating regulatory clarity. The institutional infrastructure development positions XRP for massive capital inflows upon approval. Market Fundamentals: Explosive Volume Validates Victory XRP maintains the third-largest cryptocurrency position with $191.91 billion market cap, demonstrating a 5.61% increase. The substantial market cap growth accompanies an extraordinary 173.62% volume surge to $12.62 billion . The 6.7% volume-to-market cap ratio indicates exceptional trading activity, suggesting massive institutional repositioning following case resolution. Source: CoinMarketCap Circulating supply of 59.3 billion XRP represents 59.3% of the maximum 100 billion token supply, with controlled release supporting stability. Market dominance of 5.08% positions XRP as a major institutional cryptocurrency with a regulatory clarity advantage. Social Sentiment: Euphoric Community Celebration LunarCrush data reveals explosive social performance with XRP’s AltRank surging to 22 , indicating exceptional community engagement following victory. Galaxy Score of 74 reflects building euphoric sentiment around case resolution and future prospects. Engagement metrics show a massive activity surge with 29.75 million total engagements ( +16.43M ) and 59.99K mentions ( +27.31K ). Sentiment registers at solid 78% positive despite a pullback, reflecting community confidence in long-term prospects following regulatory clarity. JUST IN: SEC vs Ripple $XRP case is officially over. pic.twitter.com/i0WCoWf1tX — Whale Insider (@WhaleInsider) August 7, 2025 Three-Month XRP Price Forecast Scenarios Regulatory Victory Breakout (60% Probability) ETF approvals combined with institutional adoption acceleration could drive explosive appreciation toward $6.00-$8.00 , representing 85-145% upside from current levels. Source: TradingView This scenario requires sustained volume above 200 million daily and a successful break above $3.40 resistance. Extended Bull Flag Consolidation (25% Probability) Delayed ETF approvals could result in bull flag consolidation between $3.00-$3.50 , allowing technical indicators to reset while institutional positioning continues. Source: TradingView This scenario provides accumulation opportunities at elevated levels. Correction on Profit-Taking (15% Probability) Excessive profit-taking could trigger selling toward $2.80-$3.00 support levels, representing 10-15% downside. Source: TradingView Recovery would depend on institutional buying at EMA support and continued adoption momentum. ChatGPT’s XRP Analysis: Historic Victory Meets Technical Perfection ChatGPT’s XRP analysis reveals unprecedented convergence of regulatory victory, institutional adoption acceleration, and technical bull flag formation. The case resolution eliminates the final barrier to mainstream institutional adoption while technical positioning favors explosive upside. Next Price Target: $6.00-$8.00 Within 90 Days The immediate trajectory requires a decisive break above $3.40 resistance to validate the bull flag breakout from the regulatory victory base. From there, ETF approval acceleration could propel XRP toward $6.00 psychological milestone, with sustained institutional adoption driving toward $8.00+, representing new all-time highs. However, failure to break $3.40 would indicate extended consolidation to $3.00-$3.20 range as the market digests victory, creating an optimal accumulation opportunity before the next institutional wave drives XRP toward $15+ targets, validating global payment infrastructure dominance with full regulatory clarity. The post ChatGPT’s XRP Analysis Reveals Historic Victory Rally at $3.23 as SEC Case Officially Ends After 5-Year Battle appeared first on Cryptonews .

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Don't Miss These Altcoins Under $5: Algorand, Cronos & Mantle Show Historic Bullish Patterns

Several altcoins are currently priced under $5 and are showing bullish patterns that could lead to significant growth. Among these hidden gems are Algorand , Cronos , and Mantle . These digital assets are displaying signs that suggest a strong upward trajectory. Dive into the details to discover why these coins are catching the attention of savvy investors. Algorand Market Performance: Short-Term Rally, Long-Term Adjustment Recently, Algorand rose sharply with a nearly 48% gain over the past month, while the half-year view reflects a slight 3.6% decline. Price fluctuations have kept the coin within a range of $0.16 to $0.33. Although the short-term sentiment is strong, the broader trend over six months remains modestly negative. The performance shifts indicate rapid growth periods interrupted by periods of uncertainty, reflecting the typical behavior seen in altcoins. Current price action places Algorand in a range with support at $0.08 and immediate resistance at $0.42, while a secondary resistance sits near $0.58. Market indicators show slightly positive momentum with a relative strength index of 56.24, implying neither extreme bullish nor bearish conditions. Bulls appear to be gaining ground in the short term, supported by recent gains. Trading within these boundaries, consider buying near support and taking profits incrementally as the price approaches the $0.42 resistance. Cronos Surge: Robust Gains and Key Price Levels Guide Trading Over the past month, Cronos experienced a sharp advance with a 53.03% price rise, while the six-month change reached 57.90%. A modest one-week uptick of 7.12% contributed to the steady climb. Price movements have delivered strong gains, reflecting growing confidence in the coin’s potential. This increase has been sustained across both short-term and longer intervals, indicating robust investor interest and resilience in the market. Current trading levels for Cronos place the price between $0.0956 and $0.1663, with immediate resistance at $0.1935 and secondary resistance at $0.2642. Strong support is seen near $0.0521, establishing a boundary for downside risk. Bulls are gaining momentum, supported by a rising moving average recommendation of 0.8, while the relative strength index at 66.89 hints at sustained buying interest. Price action lacks a defined trend but shows a mix of upward movement and consolidation as traders test resistance levels. A trading strategy could involve buying near support and taking partial profits at $0.1935. Managing risk with stop losses below support is advisable if bears regain control. Mantle (MNT): Surge in Momentum with Key Support and Resistance Levels Mantle displayed a sharp surge over the past month with an increase nearing 87.10%, signaling strong short-term momentum. Over the previous week, a 43.69% jump underscored the sudden upward drive. In contrast, the 6-month gain of just 1.57% suggests earlier periods were marked by consolidation before this recent spurt. Price movements have shifted from deeper support levels around $0.12 and $0.42 toward rising levels that approach resistance at $1.01 and even $1.31. This change indicates evolving market sentiment as investors increasingly target potential breakouts while remaining cautious about long-term trends. Currently, Mantle trades within a range from about $0.58 to $0.88, near key resistance at $1.01 and a higher barrier at $1.31. Immediate support is seen around $0.42, with deeper support at $0.12 outlining the market's boundaries. Analysis shows bulls are gaining strength, as indicated by recent surges. The RSI around 74.77 suggests an nearing overbought condition, hinting at potential short-term caution. Traders might consider the lower support level near $0.42 for entries, while a break above $1.01 could lead to targets near $1.31. Conversely, if prices dip, it may be wise to sell or short if bearish signals emerge, necessitating careful risk management. Conclusion ALGO , CRO , and MNT have been showcasing strong bullish trends. These patterns hint at potential growth for these coins, making them worth attention. Historical performance indicates these altcoins could offer significant returns. Their affordability under $5 makes them accessible options for investors. They exhibit promising movement, suggesting steady upward momentum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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BREAKING: With Billions of Dollars in Assets, Harvard Makes an Unexpected Move on Bitcoin

Harvard University's investment arm has invested $120 million in BlackRock's iShares Bitcoin Trust ETF (IBIT). Harvard owns 1.9 million shares of the fund, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC). Harvard's portfolio also includes shares of tech giants like Microsoft, Amazon, Alphabet, Meta, Nvidia, as well as large companies like SPDR Gold Trust and Broadcom. *This is not investment advice. Continue Reading: BREAKING: With Billions of Dollars in Assets, Harvard Makes an Unexpected Move on Bitcoin

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Expert Analysis Shows XRP Delivers Greater Upside Than Traditional S&P 500

Notably, technical data appears consistent with the broader market outlook as XRP looks primed for a major price upswing.

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Q2 Earnings: BTC Gains Trump Rising Costs For Hut 8

Summary Hut 8 Corp.'s recent outperformance versus Bitcoin is notable, but operational profitability remains heavily dependent on unrealized gains from BTC holdings. The Compute segment showed strong revenue and margin growth, but other segments struggled and overall profitability is masked by accounting for Bitcoin revaluation. Ballooning SG&A and depreciation expenses are concerning, especially if the AI/data center buildout fails to deliver expected growth. Despite some positives, I maintain a Hold rating on HUT stock, preferring direct Bitcoin exposure or purer HPC/AI plays for investors. As we approach five months since my last Seeking Alpha article covering Hut 8 Corp. ( HUT ), we have two additional quarters of company performance to assess in addition to the performance of the stock price. Readers might recall that back in March I felt investors would do better being long Bitcoin ( BTC-USD ) rather than HUT shares: While I'm encouraged by Hut 8's ability to transform the business over the last year or two, the equity still goes as Bitcoin goes. And if given a choice between the two, investors will likely do much better just buying Bitcoin. As fate would have it, that call has turned out to be wrong: Data by YCharts Since my last HUT piece , the stock - as well as the broader mining sector - outperformed Bitcoin by a rather significant margin. I think it's worth looking at HUT's recent earnings report to estimate whether this out-performance can reasonably continue. Q2-25 Earnings For quarter-ended June 2025, Hut 8 reported $41.3 million in top line revenue. This was a 17.3% year over year increase from June 2024. By segment, the revenue breakout was as follows: Revenue 000s 3mo 6/30/25 3mo 6/30/24 YOY Power $5,492 $10,530 -47.8% Digital Infrastructure $1,512 $5,264 -71.3% Compute $34,295 $15,795 117.1% Other $0 $3,626 -100.0% Total Revenue $41,299 $35,215 17.3% Source: Hut 8. These numbers are a bit all over the place due to Hut 8's reclassification and consolidation of certain revenue segments. Underneath the "Power" umbrella, Hut 8 generates revenue from capacity contracts and energy sales to the Ontario electrical grid. Under this same segment, Hut 8 offers its energy infrastructure expertise to institutional clients. Within Hut 8's "Digital Infrastructure" segment, the company offers co-location services for both Bitcoin mining and CPU-based workloads. "Compute" rolls up three different sub-segments that include Bitcoin mining - which has been spun out to American Bitcoin - data center cloud services, and Highrise AI; the latter of which runs a GPU-as-a-service model. As would likely be expected given the operations of the legacy Hut 8 entity and the biggest contributor to top line revenue in the table above, Compute was Hut's largest expense with $14.6 million in COGS in quarter-ended June. COGS 000s 3mo 6/30/25 3mo 6/30/24 YOY Power $5,000 $5,449 -8.2% Digital Infrastructure $2,120 $4,331 -51.1% Compute $14,656 $8,670 69.0% Other $0 $2,186 -100.0% Total COGS $21,776 $20,636 5.5% Source: Hut 8. Compute COGS grew year over year by 69%, which was actually quite a bit less than the 117% year over year growth in revenue from that category. This led to a monster gain in gross profit for Compute from $7.1 million last year to $19.6 million this year. That said, the year over year performance in the other segments looks quite rough: Gross Profit 000s 3mo 6/30/25 3mo 6/30/24 YOY Power $492 $5,081 -90.3% Digital Infrastructure -$608 $933 -165.2% Compute $19,639 $7,125 175.6% Other $0 $1,440 -100.0% Gross Profit $19,523 $14,579 33.9% Source: Hut 8. Again, this is due to segment consolidation and reclassification to some degree. But gross profit in Power fell by 90% year over year and Digital Infrastructure turned negative. This was largely impacted by the termination of an agreement with Ionic Digital. Compute remains the biggest driver of the top line for Hut 8 and that segment is still highly reliant on Bitcoin mining. As has been a common tale in mining earnings reports for the last few quarters, positive net income is generally only possible with paper gains in Bitcoin holdings. During the quarter, Hut 8 reported a positive net income of $137.5 million. Take away the $217.6 million gain on BTC holdings and Hut 8's real operations were actually negative to the tune of $80.2 million in the quarter. I recognize that FASB accounting rules allow for this, but I do think it can be misleading to include unrealized gains on dormant assets in a company's operational performance as it can potentially give investors a false view of the company's true profitability. And if BTC asset revaluation is going to be the key determinant in Hut's corporate performance, then the level of BTC relative to the market valuation of the equity may be important to consider. mNAV, Sats Per Share, and Ownership While HUT is not a 'treasury company' in the same sense that an entity like Strategy ( MSTR ) would be considered one, Hut 8 does command the 12th largest BTC-stack held by any public company with 10,667 BTC as of quarter-ended June. Hut 8 mNAV Trend (BitcoinTreasuries) Given the company's current market value, HUT has an mNAV of 1.76. This is close to the mNAV of Strategy and generally in-line with other mining stocks like Riot Platforms ( RIOT ) and CleanSpark ( CLSK ). Even as the company has often relied on shareholder dilution to fund growth, the year over year change in the "sats per share" figure shown below has grown 2% year over year from 10,017 to 10,217. HUT (Sats per Share) (Author's Chart, Data from Hut 8 and Seeking Alpha) This is well below the YoY sat-backing growth that we've seen from companies like MARA Holdings ( MARA ) or Riot Platforms but ahead of similarly sized Cipher Mining ( CIFR ). It should also be noted that recent "sats per share" numbers over the last few quarters have been roughly flat and well below the highs from 2022. Something else that I like to look at with the public miners is the degree to which hedge funds are holding the stocks. As of Q1 25, 30% of HUT's outstanding shares are held by the "smart money." Shares in millions (Author's Table, Data from Hedge Follow and Google Finance) This 30% hedge fund ownership generally puts HUT in the middle of the pack relative to the 12 stocks shown above, but much closer to top-owned Core Scientific ( CORZ ) than HIVE Digital Technologies ( HIVE ). My read on this is that even though Hut 8 is seen as one of the stronger bets in the public mining space by fund managers. Risk To Consider We've already seen Hut is not a profitable company without BTC-revaluation. Despite that, Compute has actually seen growth in gross margins year over year. From where I sit, a big factor holding back Hut from positive net income in more real terms are the ballooning expenses in SG&A and Depreciation & Amortization: HUT, SG&A as a % of Revenue (Seeking Alpha) Both categories have seen growth outpace total revenue over the last year. But it's the level to which the spending is occurring relative to top line revenue that I find more concerning. In Q2 24, SG&A was 44.5% of revenue - which is still quite high. That figure ballooned to 89.7% in Q1-25 and 73% last quarter. While lower on a relative basis, Depreciation and Amortization came in at 68.3% and 47.1% of revenue over the last two quarters. To be clear, Hut is not the worst offender of SG&A as a percentage of revenue, but the trend is worrisome if the HPC/AI data center build out turns out to be a bust. Closing Takeaways I think the major concern here is fairly straightforward; it takes unrealized gains in Bitcoins that have already been mined to generate positive net income in the reporting quarter. This has the double impact of masking operational losses while also putting the company at significant risk if the value of that Bitcoin were to actually go down substantially - as has been the case numerous times over the coins's nearly 16 year history. There are likely some who view Bitcoin cycle theory as less relevant in a post-ETF world, but Bitcoin the asset is currently reliant on capital flows rather than underlying usage of the network itself. As easily as this capital has moved into BTC, it can most assuredly move out as well. That said, Bitcoin's current trajectory still appears to be up. If the company can continue to grow "sats per share" the way it has over the last quarter, then it stands to reason that HUT could theoretically continue to outperform BTC in a bull run. As a raw BTC-proxy, I like other opportunities better. And as an HPC/AI investment, there are other companies that are closer to pure play. I'm still going to rate HUT shares a Hold today.

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