Ethereum (ETH) is breaking free from its prolonged stagnation against Bitcoin (BTC), signaling a potential shift in the crypto landscape. Analysts observe that recent price movements indicate a potential rally
Tether, issuer of world's largest USD-pegged stablecoin, is going to onboard trillion new wallets, CEO says
Bitcoin’s recent surge past $100,000 highlights the increasing role of institutional interest and ETF inflows in shaping its market trajectory. The rise has reinvigorated optimism in the crypto space, with
Ethereum is finally breaking out of its Bitcoin blues.
In a single New-York trading day, XRP surged almost 10%, mirroring a ferocious bid across the entire digital-asset complex and closing Thursday, 8 May at its highest mark in roughly two weeks. Analysts trace the rally to a cocktail of macro relief, order-book mechanics and renewed alt-season positioning—factors that coincided in a narrow window and magnified one another. Why Is XRP Up Today? The initial spark came from macro headlines. News of a fresh trade accord between Washington and London tempered fears of escalating tariffs, while word of forthcoming minister-level talks between US and Chinese officials signalled a potential thaw in the world’s most consequential bilateral trade standoff. The calmer outlook flipped global-macro desks into a risk-on stance just as New York opened, and Bitcoin responded first, catapulting through the psychologically loaded $100,000 handle on a strong spot demand. The vertical move forced short sellers to buy back exposure; that “short squeeze,” by definition self-reinforcing, spilled rapidly into major altcoins and lifted XRP alongside the broader tape. Related Reading: VWAPs Don’t Lie—XRP Faces Judgment Day At Monthly Support On-chain flow data added a powerful regional twist. Crypto-market analyst Dom (@traderview2) noted that the South-Korean exchange Upbit—historically an XRP bellwether—flipped from net seller to aggressive accumulator in less than forty-eight hours. “Finally Upbit market changed their tune and are the strongest buyers over the last 24 hours,” he posted to X, specifying that Binance followed closely with a net 9 million XRP absorbed. “We are seeing the strongest taste of aggressive market buying that we have seen in over a week. Key is to see it continue.” The volte-face was striking because only 6 May the same commentator had tallied 220 million XRP in cumulative net sales on the KRW pair since 11 April—roughly $500 million of distribution. The reversal underscores how swiftly sentiment can shift when liquidity concentrates in a handful of regional venues. Technicians, meanwhile, drew attention to inter-market breadth. Bitcoin dominance, a gauge that measures the flagship token’s share of total crypto market capitalization, slipped from 65.38% to 64.43%—its sharpest single-day contraction in weeks and a classic tell that capital is rotating into altcoins. Related Reading: XRP Price Repeating History? 2017-Like Rally To Send Price To $10 Dom mapped the shift onto higher-time-frame structure, writing that “TOTAL, the total market cap of crypto, has just hit its uptrend it has held over the last 18 months This also coincides with the POC of the volume profile since late 2023.” Point of Control (POC) levels are where the largest amount of volume has historically traded; rebounds from such nodes often act as springboards. In a follow-up post he added, $TOTAL has regained its 2021 highs—yes, all you needed to do was bid the apex of support and the multi-year uptrend.” The same pivot is visible on XRP’s own chart. Dom highlighted that bulls “just breached the quarterly VWAP for the first time in 50 days… If it can hold as support, I am looking at the ATH VWAP as the next stop (US $2.47).” While that target lies some distance above Thursday’s closing price, the break of a multi-week volume-weighted average price is, in technician parlance, a changing-of-the-guard signal that often forces trend-following algorithms to flip long. At press time, XRP traded at $2.31. Featured image created with DALL.E, chart from TradingView.com
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Neobanks improved convenience, but true financial freedom requires transparency, control, and autonomy, deobanks like WeFi are making it a reality. Table of Contents What financial freedom really means The limits of Neobanks What makes a Deobank different How WeFi delivers real financial freedom Rethinking what financial freedom really takes At some point, most of us have excitedly downloaded the latest fintech app, lured in by its promises of seamless transactions, effortless budgeting, and a slicker financial experience. Clean and modern interfaces make onboarding a breeze, while the debit card arrives in cool, photogenic packaging that makes users feel special. But, what has actually changed? Once the initial excitement fades, we realize it’s the same engine, the same infrastructure, just a pretty new face to interact with. That means the same limitations, opaque rules, and lack of control are still in place. Of course, things are faster and the upgrade is more convenient and usable, but access and financial freedom are not the same thing. A nicer interface doesn’t mean more autonomy. Until now. The concept of a deobank is one where users can have their cake and eat it. People get beautiful interfaces and revolutionary features, as well as full control of their finances and complete transparency over their funds. That requires more than just a sleek and minimalist new card arriving in the mail, users need to leverage decentralized technologies, transparent-by-design tooling, and user-centric platforms built on the values of blockchain technology. What financial freedom really means Let’s reflect on what “financial freedom” actually means (hint: it’s more than just having a certain amount of money in the bank). It’s really about: Having full control over funds: Only users can decide how their money is used, with no limits, no freezes, and no need to ask permission or justify a withdrawal. They’re the user’s assets, always accessible. Having confidence and transparency: Users should be able to see how their bank manages its assets (user funds), understand every fee being charged, and know that every transaction is recorded immutably on a public ledger. With transparency comes confidence, not blind trust. Having full flexibility: Financial freedom is having the tools to save, send, spend, or grow money without restrictions. Users can invest in emerging DeFi protocols, earn a competitive yield, or get a loan, whenever they like, with no barriers. Traditional banks and neobanks don’t offer this level of control, and likely wouldn’t, even if they knew how to. Instead, they improve their apps and make nicer looking cards. Truthfully speaking, a fresh coat of paint and sleek aesthetics does absolutely nothing for financial autonomy. To do that, we need to overcome certain limitations. The limits of Neobanks It’s hard to argue that neobanks haven’t disrupted banking with their user-friendly UI and reduced fees, but when we look closer, they’re hardly different from their traditional banking predecessors. It’s now a critical task for new and innovative fintech platforms to help take the industry into a new era. Consider these key limitations: Legacy banking rails: Most neobanks are dependent on traditional banking rails for payment processing, regulatory compliance, and infrastructure. They’re subject to the same inefficiencies, delays, and restrictions. Subject to centralization: Neobanks may have improved the user experience, but they’re still controlled centrally, meaning they can freeze accounts, place arbitrary limits, charge whatever fees they deem fit, and make decisions about the users’ funds. If they can do that, users don’t truly own their “banked” assets. Centralization also exposes users to hacking risks, regulatory intervention, and fund mismanagement. Users are essentially renting their financial freedom, not owning it. Is a smoother app worth the trade-off, or are people willing to explore new fintech developments to get a much better experience and autonomy? You might also like: Stablecoins can hold central banks fiscally accountable | Opinion What makes a Deobank different Deobanks are the next step forward for banking, and how we think about banking. They are blockchain-native, decentralized platforms designed to empower users with real financial freedom via a transparent, secure, and accessible financial system. Here’s what defines a deobank: Non-custodial or hybrid accounts: In a non-custodial model, users hold the private keys to their digital assets, with nobody else having any power or control over them. Alternatively, hybrid models offer more balance, providing custodial options to those who want them, but with self-custody prioritized. On-chain transparency: Everything that happens within a deobank is recorded immutably, on a public blockchain, for anyone to verify and track. No more black box activity, banking mysteries, or “misappropriated funds”. Stablecoins: Deobanks understand that cryptocurrencies pegged to stable assets, like the US dollar, enable seamless, global financial access. These stablecoins, like USDC and USDT, eliminate the volatility associated with cryptocurrencies and make for cheaper, faster, and borderless transactions. DeFi integrations: Decentralized finance offers thousands of new tools with incredible opportunities, such as lending protocols, yield farming platforms, and other financial products typically hard to access with traditional banks. Right now, only deobanks like WeFi are pursuing this kind of freedom, flexibility, and control for their users, who they see as participants, not customers. Maksym Sakharov, WeFi’s Group CEO and Co-founder discusses what problems deobanks must solve that neobanks and traditional banks still struggle with, especially when it comes to user autonomy and transparency. He explains that deobanks address the fundamental issue of centralized control inherent in traditional banking systems. With WeFi, users get unparalleled autonomy over their assets, eliminating the risk of arbitrary account freezes or restrictions. How WeFi delivers real financial freedom WeFi is leading a revolution in banking, embodying the deobank model to redesign the system in favor of the users. They plan to achieve this by leveraging decentralized technologies and ideals to deliver full transparency and user empowerment. Key features designed to achieve the deobank dream: Smart contract-based accounts: WeFi accounts are built on smart contracts. This requires users to connect with their own blockchain wallets, but allows them full control over their funds and eliminates intermediaries. Full transparency: Every transaction and operation on WeFi is recorded on the blockchain for full auditability, so that users no longer have to ask “what is happening to my funds”. The system’s integrity is verified at all times. Real-time access: WeFi provides users with immediate access to a range of tools, like high-yield savings accounts, near-instant payment solutions, and lending or borrowing opportunities. Users are empowered and encouraged to manage their finances more actively. Optional custody: Some users may want full control, while others may opt for WeFi’s support with security and account protection. WeFi knows that they have to go further than just convenience, but what does the platform believe makes the deobank approach unique in empowering users with true financial control? Head of Growth, Agne Linge, shared that WeFi’s unique approach lies in its seamless integration of DeFi principles, tools, and opportunities into a sleek UI, offering non-custodial options and transparent on-chain operations, and empowering users to retain complete control over their assets. Rethinking what financial freedom really takes A cool debit card and funky UI are not financial freedom, they are just convenience. They don’t shift the power dynamic, improve ownership, access, or transparency. Only deobanks like WeFi are working on pushing for that change. Now, it’s time to consider a new type of system that works for all users, for financial freedom, for autonomy, and for a new era of financial empowerment. New possibilities, opportunities, and options await. Read more: Blockchain technology is the key to grassroots financial freedom | Opinion Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
This milestone marks first on CFTC-regulated exchange
In a recent announcement, **Solana** co-founder **Anatoly Yakovenko** revealed significant advancements in the network’s infrastructure. The latest update, **Solana v2.2**, boasts a **20% increase** in compute capacity, marking a pivotal
You might be eligible to get $20 per Apple device—up to $100 per household—because Siri allegedly listened more than she should have.
Solana co-founder: Solana v2.2 boosts computing power by 20%, equivalent to adding the capacity of 5 Ethereum Pectra upgrades to the network. $SOL #Solana $ETH #Ethereum