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 .
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
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 .
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.
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
Notably, technical data appears consistent with the broader market outlook as XRP looks primed for a major price upswing.
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.
Ethereum (ETH) is still severely undervalued and could soar to never-before-seen levels in the long term. The second most valued crypto asset by market cap is currently underperforming, thus allowing for newbies to make their way into the market and take in ETH tokens at a lower cost. This bullish sentiment was shared on X
In a post shared on X, analyst XForceGlobal made a bullish comment about DOGE, expecting it to outperform its counterparts.
Chinese regulators have instructed major domestic brokerages to halt the publication of research and public commentary related to stablecoins. The move comes as China sees a rising wave of domestic interest in stable digital assets, which is reportedly causing concern among mainland authorities who remain opposed to most cryptocurrency activity. Sources with knowledge of the situation said that regulatory bodies began quietly guiding major financial firms in late July and early August to step back from content or events that might endorse stablecoins or drive further curiosity. Some influential think tanks were also reportedly asked to cancel seminars or planned events related to stablecoins. This coordinated pressure appears to be part of Beijing’s broader attempt to suppress the growing narrative around dollar-pegged crypto assets, which have become an increasingly popular way for Chinese investors to gain exposure to digital finance through cross-border channels. Mainland China crackdown contrasts with Hong Kong crypto progress In May, Hong Kong approved a stablecoin regulation framework that effectively opened the door for licensed entities to issue fiat-backed stablecoins and provide related services under supervision. Since then, financial firms in mainland China have seen a spike in client interest, particularly in how stablecoins might offer alternatives to traditional fiat assets. That interest appears to have alarmed regulators in Beijing, who remain cautious about any financial instrument not controlled by the state, especially those tied to foreign currencies like the U.S. dollar. Although the Chinese government has largely embraced blockchain infrastructure as a technological innovation, it has kept a firm ban on most decentralized cryptocurrencies since 2021, with the exception of select blockchain pilots under state supervision. Officials have occasionally acknowledged the challenges posed by stablecoins. In June, PBOC Governor Pan Gongsheng publicly remarked that the rise of stablecoins and other digital currencies posed “huge challenges to financial regulation.” Behind the scenes, local governments are also assessing the implications, per reports . Last month, regulators in Shanghai reportedly held a strategy meeting with local officials to evaluate stablecoin-related risks and responses. However, a post on the Shanghai State-owned Assets Supervision and Administration Commission’s official WeChat page summarizing the meeting was later deleted, suggesting central authorities may be clamping down on even high-level public discourse around the topic. Information control amid rising demand Despite mainland bans, stablecoins remain widely used by Chinese investors, particularly via offshore platforms or through over-the-counter (OTC) intermediaries. The crackdown on brokerages appears aimed at cutting off institutional endorsement that could validate or accelerate public adoption of these assets. While Hong Kong continues to position itself as a regulated crypto hub for Asia, China’s approach underscores its attempt to firewall domestic financial behavior from external crypto-related influence. This latest move raises questions about the long-term prospects for digital asset education and engagement in mainland China, even as the global conversation around stablecoins becomes increasingly mainstream. By contrast, China’s actions suggest it views such assets not just as financial tools, but as a potential sovereignty issue, especially in a monetary environment where capital control remains a key pillar of economic strategy. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.