TL;DR TD Sequential flashes buy signal as RSI forms divergence, hinting at trend reversal for PENGU. The meme coin’s price holds trendline support near the channel bottom, setting up for a possible breakout. Over 563,000 holders and rising demand indicate vigorous network activity despite the recent price pullback. Technical Signs Point to a Possible Move Up PENGU, the native token of Pudgy Penguins, is showing several signals that may suggest a change in direction. Analyst Ali Martinez shared that the TD Sequential indicator has shown a buy signal. This tool is often used to spot turning points in price trends. Meanwhile, the Relative Strength Index (RSI) is also displaying a pattern that may support this view. As the price moved lower, the RSI began to rise. This could suggest that sellers are losing control, and buyers may be stepping in. At the moment, RSI is below 40 but appears to be rising. $PENGU looks ready to rebound, with multiple bullish signals aligning: – TD Sequential flashes a buy signal – Setup trendline holding as support – Bullish divergence on the RSI – Trading at the channel’s lower boundary All signs point to liftoff! pic.twitter.com/zxBRQRANak — Ali (@ali_charts) July 30, 2025 PENGU is trading near the lower edge of a descending channel. This area has held up in the past and has seen higher buying activity. The asset also sits above a setup trendline that remains unbroken. This trendline has acted as a support level during recent moves. Martinez noted, “All signs point to liftoff!” Projected resistance levels are marked around $0.040 and $0.042, with a target path toward $0.045 if the price breaks above. Traders Watch for Market Reactions Market watchers are looking closely at global events that may affect short-term price moves. Key announcements include the White House crypto report, interest rate decisions from the Federal Reserve and Bank of Canada, U.S. GDP data, and job figures. Crypto trader Kaleo posted , “$PENGU dips are for buying.” Price changes may be sharp as data is released throughout the day. Activity and Interest Remain High Since its low in April, PENGU has climbed more than 10x and traded at $0.038 at press time. The token declined 4% over the last 24 hours and 15% weekly. Still, activity on the network is strong. There are now over 563,000 holders and 20,000 active addresses daily. Niels, co-founder of TedLabs, compared PENGU to DOGE in this cycle. “Is $PENGU the $DOGE of this cycle?” they asked in a post on X. They pointed to high trading demand and a strong holder base as signs that PENGU may still have room to grow. Niels sees the price moving above $0.15 by the end of 2025 if current trends stay on track. Source: X The post Massive Move Incoming? PENGU Charts Flash Green appeared first on CryptoPotato .
BitcoinWorld Pudgy Penguins: Unpacking the Surprising $5.64M PENGU Transfer to Binance In the ever-evolving world of cryptocurrency and NFTs, significant on-chain movements often spark widespread discussion and speculation. Recently, the spotlight has fallen on a notable transaction involving the popular Pudgy Penguins NFT project. An address closely associated with the project has executed a substantial transfer of 150 million PENGU tokens, valued at approximately $5.64 million, directly to the Binance exchange. This development, highlighted by on-chain analyst @ai_9684xtpa on X, has naturally piqued the interest of investors and enthusiasts alike, prompting questions about its potential implications for the PENGU token and the broader Pudgy Penguins ecosystem. Understanding the Pudgy Penguins Phenomenon Before diving into the specifics of this recent transfer, it’s essential to grasp the context of what Pudgy Penguins represent in the digital asset space. Launched in July 2021, Pudgy Penguins quickly emerged as one of the most recognizable and beloved NFT collections. Beyond just digital art, Pudgy Penguins have cultivated a vibrant community and a burgeoning brand, expanding into real-world merchandise, toys, and even a physical presence at major retail outlets. This move towards mainstream adoption differentiates them from many other NFT projects. NFT Collection: A collection of 8,888 unique penguin-themed digital collectibles on the Ethereum blockchain. Community Focus: Known for its strong, engaged community, often referred to as the ‘Huddle’. Brand Expansion: Successful ventures into intellectual property licensing, consumer products, and physical toys, bridging the gap between digital and tangible assets. Ecosystem Development: The project has continuously sought to add utility and value for its holders, with the PENGU token playing a role in this expanding ecosystem. The PENGU Token and Its Role in the Ecosystem The PENGU token serves as a crucial component within the broader Pudgy Penguins ecosystem. While the initial NFT collection itself confers ownership of digital art, the PENGU token is designed to foster engagement, reward community participation, and potentially facilitate future functionalities within the project’s evolving roadmap. Its utility is tied to the project’s vision of creating a comprehensive brand experience. The wallet in question, now under scrutiny, initially received a massive 1.35 billion PENGU tokens directly from the project’s deployment address back in December 2023. This substantial initial allocation indicates a strategic holding or distribution mechanism for the project. Since July of the current year, this same address has systematically deposited a cumulative total of 485 million PENGU tokens, amounting to approximately $17.67 million, onto various exchanges. The latest 150 million PENGU transfer to Binance is merely the most recent, albeit significant, in this series of movements. Why Do Large PENGU Transfers to Exchanges Occur? Large transfers of tokens from project-linked addresses to centralized exchanges (CEXs) are always closely watched by the crypto community. Such movements can signal various intentions, each carrying different implications for the token’s price and market sentiment. Understanding these potential reasons is key to interpreting the recent Pudgy Penguins token transfer: Profit-Taking or Liquidation: One of the most common reasons for moving large sums to an exchange is to sell them. If the project or associated entities are realizing profits or liquidating holdings, it can increase the circulating supply on exchanges, potentially leading to downward price pressure if demand doesn’t absorb the new supply. Providing Liquidity: Projects might transfer tokens to exchanges to provide liquidity for trading pairs. This helps ensure healthy market depth and reduces slippage for traders, which can be beneficial for the token’s overall health. Treasury Management: Projects often hold significant portions of their native tokens in their treasuries. Transfers to exchanges could be part of a broader treasury management strategy, such as diversifying assets, funding operational costs, or preparing for future ecosystem developments. Strategic Partnerships or Listings: While less common for simple transfers, sometimes tokens are moved in anticipation of new exchange listings or strategic partnerships that require token deposits. However, a direct transfer to Binance without prior announcement typically suggests a different motive. Market Making Activities: In some cases, project teams or designated market makers move tokens to exchanges to facilitate active trading and maintain price stability, especially for newer or less liquid assets. Given the size and recurring nature of these deposits from the Pudgy Penguins -linked address, the market tends to lean towards interpretations related to increased supply and potential selling pressure. However, without official statements from the Pudgy Penguins team, any conclusion remains speculative. Potential Market Implications for PENGU Token Holders The movement of $5.64 million worth of PENGU tokens to Binance can have several ripple effects on the market. For existing Pudgy Penguins token holders and potential investors, understanding these implications is crucial: Increased Supply on Exchanges: When a large volume of tokens is deposited onto an exchange, it typically increases the available supply for trading. If this supply is met with insufficient buying demand, it can lead to a decrease in the token’s price. Impact on Market Sentiment: News of large token transfers, especially from project-linked wallets, can sometimes trigger fear, uncertainty, and doubt (FUD) within the community. This can lead to panic selling, further exacerbating price declines. Liquidity Dynamics: While large deposits can create selling pressure, they can also increase the liquidity of the PENGU token on Binance, making it easier for traders to buy and sell larger quantities without significant price impact, assuming there’s healthy demand. Transparency and Trust: The project’s response (or lack thereof) to such movements can influence community trust. Projects that communicate transparently about their treasury management or token distribution strategies tend to foster greater confidence. Investors should closely monitor the PENGU token’s price action and trading volume on Binance following this transfer to gauge the immediate market reaction. It’s also worth observing any official announcements or community discussions from the Pudgy Penguins team. Actionable Insights for Navigating PENGU Volatility In light of these significant token movements, what should Pudgy Penguins enthusiasts and PENGU token holders consider? Here are some actionable insights: Stay Informed: Follow official Pudgy Penguins channels and reputable on-chain analysts like @ai_9684xtpa for the latest updates and interpretations. Conduct Your Own Research (DYOR): Do not rely solely on news headlines. Dig deeper into the project’s fundamentals, tokenomics, and roadmap. Understand the potential utility of the PENGU token. Monitor On-Chain Data: Tools for on-chain analysis can provide valuable insights into large whale movements, helping you anticipate potential market shifts. Assess Risk Tolerance: Crypto markets are inherently volatile. Only invest what you can afford to lose and understand the risks associated with specific tokens like PENGU. Diversify Your Portfolio: Avoid putting all your eggs in one basket. A diversified portfolio can help mitigate risks associated with individual asset volatility. Consider Long-Term Vision: If you believe in the long-term vision of the Pudgy Penguins brand and its ecosystem, short-term price fluctuations from token movements might be less concerning. The Future Outlook for Pudgy Penguins Despite the immediate market reactions to large token transfers, the Pudgy Penguins project has demonstrated remarkable resilience and innovation. Their ability to transcend the digital realm and establish a strong presence in the physical world sets a precedent for other NFT projects. The PENGU token’s future will largely depend on its integration into this expanding ecosystem, the continued engagement of its community, and the project’s ability to deliver on its ambitious roadmap. While the recent transfer is a notable event, it’s crucial to view it within the broader context of the project’s long-term trajectory. The crypto space thrives on transparency and clear communication. How the Pudgy Penguins team addresses or leverages these token movements will play a significant role in shaping investor confidence and the token’s performance moving forward. Conclusion The transfer of 150 million PENGU tokens from a Pudgy Penguins -linked address to Binance is a significant event that highlights the dynamic nature of on-chain activity. While such movements can create short-term market uncertainty, they also underscore the importance of vigilant on-chain analysis and informed decision-making for investors. As the Pudgy Penguins project continues to evolve, its community and token holders will undoubtedly keep a close eye on further developments, seeking clarity on the purpose and implications of these substantial transfers. Staying informed and adopting a well-researched approach remains paramount in navigating the exciting yet unpredictable world of crypto. Frequently Asked Questions (FAQs) Q1: What is the PENGU token? The PENGU token is a cryptocurrency associated with the Pudgy Penguins NFT project. While specific utility details are often developed over time, it’s designed to play a role in the broader Pudgy Penguins ecosystem, potentially involving community rewards, governance, or access to exclusive features. Q2: Why is a large PENGU transfer to Binance significant? Large transfers of tokens to centralized exchanges like Binance are significant because they can indicate an intent to sell, which could increase the token’s circulating supply on the exchange and potentially lead to downward price pressure. They are closely watched by traders and investors for market sentiment clues. Q3: Is this transfer a sign of the Pudgy Penguins project failing? Not necessarily. While large token transfers can sometimes cause concern, they don’t automatically mean a project is failing. They could be part of treasury management, liquidity provision, or other strategic moves. It’s important to look at the project’s overall health, development, and official communications rather than just one transaction. Q4: How can I track PENGU token movements myself? You can track PENGU token movements using on-chain analysis tools and blockchain explorers. Websites like Etherscan, Nansen, or Arkham Intelligence allow you to view transaction histories for specific wallet addresses and tokens, providing transparency into large transfers. Q5: What should Pudgy Penguins NFT holders know about this PENGU token transfer? Pudgy Penguins NFT holders should be aware that while the PENGU token is part of the ecosystem, its price fluctuations might not directly impact the value of their NFTs in the same way. However, overall ecosystem health and community sentiment, which can be influenced by token movements, can indirectly affect the broader brand perception and long-term value of the NFTs. Q6: What is the significance of the address receiving 1.35 billion PENGU in December 2023? The initial receipt of such a large amount (1.35 billion PENGU) from the project’s deployment address suggests this wallet is a primary treasury or distribution wallet for the Pudgy Penguins project. Subsequent transfers from this wallet indicate how the project might be managing or distributing its token supply over time. Did you find this analysis helpful? Share this article with your network and join the conversation about the latest developments in the crypto and NFT space! Your insights contribute to a more informed community. To learn more about the latest crypto market trends, explore our article on key developments shaping NFT market price action . This post Pudgy Penguins: Unpacking the Surprising $5.64M PENGU Transfer to Binance first appeared on BitcoinWorld and is written by Editorial Team
Binance, one of the world's largest cryptocurrency exchanges, announced that the Arena-Z (A2Z) token will be traded in various services on the platform. Binance Adds Arena-Z (A2Z) Token to Earn, Crypto Buy, Conversion, Margin, and Futures A2Z, Binance Simple Earn, Buy/Sell Crypto, Binance Convert, Marjin ve Futures bölümlerinde aşağıda belirtilen tarih ve saatlerde kullanıma açılacak. Binance Simple Earn A2Z will be added to Binance Simple Earn as part of Flexible Products as of 11:00 on 30-07-2025, and users will be able to initiate flexible staking transactions for A2Z from this date onwards. Buy/Sell Crypto Within an hour of its listing on Binance Spot, A2Z will be among the cryptocurrencies users can purchase using methods like VISA, MasterCard, Google Pay, Apple Pay, and Revolut. Users will also be able to buy and sell A2Z using their account balances through the “Buy Crypto” page. Binance Convert A2Z will be available for trading on Binance Convert, commission-free, against BTC, USDT, and other tokens within an hour of its Spot listing. Margin Transactions Binance Margin will add the A2Z token as a new borrowable asset in Cross and Isolated Margin trading types. Additionally, the A2Z/USDT trading pair will be active in both Cross and Isolated Margin markets starting at 11:00 AM on July 30, 2025. Note: Newly listed tokens may exhibit high volatility. Users are advised to employ effective risk management strategies when trading such assets. For current collateral rates and limits, please refer to the Binance Margin Data page. Futures The Binance Futures platform will launch the USDⓈ-M A2Z Perpetual Contract starting at 11:00 AM on July 30, 2025. This contract will allow users to trade with a maximum leverage of 75x. This comprehensive integration will expand access to the Arena-Z (A2Z) token, allowing Binance users to benefit more from this new asset. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Announces It Will List This Altcoin on Its Futures Platform! Here Are the Details
July 30th, 2025 – Road Town, British Virgin Islands STON.fi Dev, the core development team behind STON.fi, the leading DEX and foundational DeFi protocol suite on TON blockchain, has successfully raised $9.5 million in a Series A funding round led by premier global investment funds — Ribbit Capital and CoinFund. This funding marks a major milestone in STON.fi’s mission to build cross-chain solutions and robust on-chain liquidity infrastructure for users and developers, leveraging deep integrations with Telegram-native wallets and the broader TON ecosystem. This investment underscores the growing recognition of decentralized finance’s potential on TON and reflects deep confidence in STON.fi’s mission and performance. Since launching in November 2022, STON.fi has emerged as the backbone of DeFi on TON blockchain, facilitating over $6 billion in trading volume through more than 27 million transactions. With unmatched token coverage, deep liquidity, and market dominance in total value locked (TVL) and trading volume, STON.fi has become the protocol of choice for ~ 80% of all TON traders. It currently ranks #1 on TON by unique active wallets, and its infrastructure empowers users, developers, and liquidity providers alike. This new funding round will fuel STON.fi’s continued innovation and expansion. The capital will be used to develop concentrated liquidity pools for enhanced capital efficiency, launch native limit order functionality, introduce a community governance layer, and implement other major core protocol optimizations. STON.fi is also investing heavily in developing cross-chain capabilities via its liquidity aggregation protocol Omniston , which will enable seamless, bridge-free swaps across blockchains — a critical step toward a unified DeFi experience. “Our Series A round is more than just funding — it’s a strong vote of confidence from some of the most visionary investors in the industry,” said Slavik Baranov, CEO of STON.fi Dev. “It affirms STON.fi’s role as the foundational DeFi layer on TON and validates our relentless focus on building products that matter. This investment will accelerate our ability to scale, innovate, and deliver a truly borderless decentralized financial infrastructure.” “STON.fi has quickly become the gravitational center of DeFi activity on TON, and we believe it’s just getting started,” said Alex Felix, CIO of CoinFund. “We always strive to identify protocols with the potential to redefine user experience and infrastructure at scale, and STON.fi is doing exactly that. From pioneering deep on-chain liquidity to enabling seamless, bridge-free swaps across chains, their roadmap reflects a bold vision for what next-gen DeFi can be. We’re proud to support their journey as they set new infrastructure standards for decentralized finance.” As STON.fi continues to expand its role within the TON DeFi ecosystem, this Series A raise marks a critical milestone — enabling the protocol to accelerate adoption and shape the future of decentralized finance across chains. About STON.fi STON.fi is the leading DEX and a suite of swap-enabling protocols on TON blockchain, recognized for its high token variety, deep liquidity, dominance in total value locked (TVL), and trading volume. With over $6 billion in total trading volume and more than 27 million operations, it has become the backbone of TON’s DeFi ecosystem. STON.fi integrates with TON wallets, supports all TON-based tokens, and enables token swaps, liquidity provision, staking, and yield farming. STON.fi continues to advance DeFi through community governance, open development, and ongoing innovation. Central to this effort is Omniston — a decentralized liquidity aggregation protocol that powers swaps in leading TON-based wallets and will enable cross-chain swaps across multiple blockchains without the need for bridges or wrapped assets. About STON.fi Dev STON.fi Dev is an independent development company that contributes to the STON.fi protocols and interfaces development, based on the direction set by the community. STON.fi Dev is backed by leading investors including CoinFund, Ribbit Capital, Delphi Ventures, Karatage, The Open Platform, TON Ventures, and others. Contact PR Lead Ekaterina STON.fi Dev press@ston.fi This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post STON.fi Dev Raises $9.5M Series A to Scale DeFi on TON appeared first on The Daily Hodl .
HSBC, Europe’s largest lender, announced on July 30 that its pre-tax profits had missed expectations, dropping by 26% to $15.8B in the first half of this year. The bank’s pre-tax profit dropped 29% to $6.33B compared to a year ago, mostly due to bad debts in China. George Elhedery, HSBC Group’s CEO, attributed the less-than-expected performance to “structural challenges” causing uncertainties in the world’s economy. He also linked the poor performance to market volatility due to “fiscal vulnerabilities” and “broad-based tariffs.” Elhedery said the challenges complicated the outlook on interest rates and inflation. Everbright Securities International strategist, Kenny Ng Lai-yin, also said HSBC over-relied on net interest income. He pointed out that this made it vulnerable to declines in interest rates compared to rivals like Standard Chartered. The bank also blamed the 10% rise in operating expenses due to restructuring and tech investments for the drop in profits, both quarterly and yearly. However, it pointed out that it was well-positioned to manage tariff uncertainties despite an expected hit on its tangible equity returns. HSBC stated that the direct impact of tariffs on its revenue streams was expected to be relatively low. At the end of Q2, the bank’s revenue stood at $16.5B, slightly lower than the forecasted $16.67B. Elhedery targets up to $300M in cost savings HSBC disclosed that its CEO planned to generate up to $300 million in cost savings in 2025, and up to $1.5 billion by the end of next year. The bank spent $475 million on restructuring and other costs in Q2, in addition to the $141 million charge in Q1. It expects to incur severance and upfront costs of up to $1.8 billion in 2026. The lender reported a $2.1 billion hit from its investment in the Bank of Communications (BoCom), amid mounting unpaid Chinese loans. It also expects credit losses to increase by at least $900 million from last year’s $1.9 billion. The bank partly attributes this rise in credit losses to its exposure to the declining real estate sector in Hong Kong . An analyst from the Citi Group also pointed out that Hong Kong’s slow property market could continue to weigh on HSBC’s asset quality. Small property developers were already facing financial difficulties, and property prices were continuously declining. “In the first half, we continued to execute our strategy with discipline and each of our four businesses sustained momentum in their earnings with each growing revenue … This gives us confidence in our ability to deliver our targets.” – George Elhedery , CEO at HSBC HSBC disclosed that it expected double-digit percentage annual growth in income and other fees over the medium term. It further revealed that it planned to lay off a few employees in its Germany office to meet this target. The layoffs are also part of the bank’s strategy to cut back on its investment banking operations outside the Middle East and Asia. HSBC plans to split operations The bank announced splitting its operations to create four separate divisions in the Eastern and Western markets. According to the bank, this reorganization aligned with Elhedery’s push to save the company $300 million in 2025. HSBC also announced that it would stop its M&A business and part of its equities operations in the Americas and Europe. Elhedery also said the bank needed to ensure that its Asian shareholders supported its new strategic direction. However, Senior Analyst at Morningstar Michael Makdad explained that the bank sought to simplify the intensive cost-cutting by making moderate overhauls to its overall business model. Makdad added that HSBC’s immediate challenge was finding a replacement for its Chairman, Mark Tucker, who is expected to step down in September. The bank’s CEO unleashed sweeping restructuring changes after he took over last year, pointing out that the bank was reviewing its operations in Sri Lanka and Australia . The planned reviews came as HSBC sold off its Bangladesh retail business. However, these developments had little effect on the bank’s institutional and corporate banking businesses. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
RD Technologies’ Series A2 round comes as the startup plans to apply for a stablecoin issuer license in Hong Kong.
Memecoins like Shiba Inu and BONK have kept sliding, even as the broader market shows signs of recovery. Over the past 24 hours, Shiba Inu dropped another 4.4%, while BONK fell by 12.2%. With August approaching, some analysts are starting to question whether Shiba Inu price prediction has a bullish outlook in the short term. BONK, however, could be gearing up for a comeback; technical signals are pointing to a possible reversal soon. Meanwhile, Remittix (RTX), a new crypto, is starting to attract attention, with some predicting it could surge 50x in the third quarter. We’ll take a closer look at BONK’s price action, what’s next for Shiba Inu, and why Remittix might be the next big crypto opportunity. Shiba Inu Price Prediction: Bearish Pressure Mounts Shiba Inu saw a dip early Tuesday, falling more than 3% to hit $0.0000132, its lowest point in two weeks. This drop pushed SHIB out of its recent trading range between $0.000014 and $0.000015, adding some downside pressure to the Shiba Inu price prediction for August. Even though there’s been a massive spike in SHIB’s burn rate ( i.e., up 17,000% ), the price hasn’t reacted the way some had hoped. Analysts caution that, while the burn activity is impressive, it might not be enough to offset the ongoing selling from large holders and the lack of strong buying interest. Source: Coinotag From a technical lens, SHIB is now at risk of slipping past the $0.000011 support, a critical level last visited during June’s market dip. Market analysts note that unless there is a strong reversal, the most realistic Shiba Inu price prediction could see the asset head down a sloppy trajectory into early August. BONK’s Bounce Could be Closer than Anticipated BONK may be seeing a sharp pullback at the moment, but many analysts are still optimistic about its prospects for August. After all, the token has already climbed 154% this month, so the current dip is being seen as a normal and even healthy pause before another potential move higher. This positive outlook is fueled by a few key factors. There’s been a noticeable jump in both active wallet addresses and social media engagement, plus BONK’s community has been making strategic buybacks. Remittix (RTX): 50x Surge Isn’t Far-fetched Remittix (RTX) makes it possible for people to send crypto straight to bank accounts in more than 30 countries, without the need for a centralized exchange or any middlemen. The project’s smart contracts have already been audited and are set up to handle both peer-to-peer and business transfers, which could help drive global adoption once it officially launches. Analysts are betting on a Remittix 50x rally in Q3 for the following reasons: Over $17.5M+ has been raised through investors’ crowdfunding. RTX will close a $190B+ remittance gap, meaning it’s not just a hype token. Wallet launch bound to happen this quarter will feature real-time FX conversion and other unique cross-chain functionalities. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250k Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Indonesia increases tax rates on crypto transactions starting August 1, 2025. Sellers on domestic exchanges face a doubled tax of 0.21%. Continue Reading: Indonesia Boosts Crypto Tax Rates Starting August 1st The post Indonesia Boosts Crypto Tax Rates Starting August 1st appeared first on COINTURK NEWS .
Crypto market analyst EGRAG Crypto has unveiled a detailed analysis suggesting that XRP could face significant price retracements in a future bear market, despite any upcoming gains. In a post shared on X, EGRAG CRYPTO based his projections on historical price cycles and chart structures, particularly the symmetrical triangle formation on the long-term XRP/USD chart. The analysis references two possible cycles with price targets derived from measured moves and historical percentage declines observed in previous market phases. EGRAG CRYPTO identifies a symmetrical triangle pattern that spans multiple years, bounded by what he terms the “Line of Hestia” as the lower support line and the “Troposphere” as the upper resistance. These structures form the technical framework within which past and future XRP price activity is measured. The chart overlays and annotations reflect comparisons with the 2017 market cycle and subsequent bear market behavior. EGRAG asserts that for XRP to experience a major move similar to 2017, it must replicate not only the final upward leg of that cycle but also endure the magnitude of the ensuing decline. #XRP – Next Bear Market Price Targets ($0.80 – $1.30): But How? Cycle 1: To see a repeat of the 2017 last leg, you need to navigate through the 2017 bear market. This simulation is based on two key factors: replicating #XRP ’s last leg in 2017 and considering the same drop.… pic.twitter.com/FPcigKpWQ3 — EGRAG CRYPTO (@egragcrypto) July 28, 2025 Cycle 1 Projection: $27 Peak and $0.80 Low The first scenario EGRAG outlines, referred to as Cycle 1, projects a potential XRP price peak of $27. This target is derived from the measured move of the symmetrical triangle when considering the height of its full formation. Should XRP reach this speculative high, and if history repeats with a similar 97% retracement as observed in 2018, EGRAG calculates a potential bear market low at approximately $0.80. The chart shows the vertical blue arrow extending from the current region to the projected $27 mark . Then a downward red arrow traces the decline to the $0.80 area. EGRAG labels this possibility clearly and links it to past cycle metrics, suggesting that such a drop, though severe, is not unprecedented based on historical XRP movements. Cycle 2 Projection: $9 Peak and $1.30 Low A second, more conservative scenario, Cycle 2, is also considered. This forecast uses the midpoint of the symmetrical triangle’s range as the basis for a more moderate target of $9. Should XRP reach that value and subsequently fall by around 85%, the estimated post-peak retracement would place it near $1.30. EGRAG marks this region with another red arrow and related price levels, highlighting how both price trajectories rely heavily on cyclical corrections following significant gains. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 This scenario would mirror the less extreme pullbacks seen in other altcoin corrections, offering an alternative outlook that still prepares for a retracement, but with less downside compared to the first cycle scenario. Final Leg and Return to Accumulation Zones EGRAG emphasizes that XRP is likely approaching its final leg upward before entering a bear market phase. He cautions followers not to dismiss cyclical behavior in crypto markets, stating, “Everything is cyclical, even the universe itself.” This viewpoint underscores his belief in the repetition of patterns over time and reinforces his reliance on technical charting to assess both upward potential and downside risk. He also references long-time holders, known as OGs, noting that previous accumulation zones around or below $0.30 were favorable opportunities. While acknowledging that some XRP advocates believe ongoing institutional developments and market evolution could mitigate downside risk, EGRAG reiterates his view that market cycles are inevitable and should not be ignored. EGRAG Crypto’s projection frames XRP’s current positioning within a long-term symmetrical triangle and anticipates a major move to the upside, followed by a severe retracement. The two cycles he outlines forecast either a $27 peak with a return to $0.80 or a $9 peak with a pullback to $1.30. His commentary reflects adherence to chart patterns, historical data, and cyclical logic, while also cautioning against emotional or speculative deviation from trend-based analysis. The analysis is intended for educational purposes, as indicated in the disclaimer, and does not serve as financial advice. 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 $27 to $0.80? Chartist Shares Looming XRP Bear Market Scenario appeared first on Times Tabloid .
Indonesia has implemented sweeping crypto tax increases effective August 1, raising transaction taxes up to five times higher while doubling mining VAT rates, as the government seeks to capture more revenue from the booming $39.67 billion crypto market. According to Reuters , the new finance ministry regulation increases taxes on domestic crypto sales from 0.1% to 0.21%, while overseas exchange transactions face a steeper hike from 0.2% to 1%. Mining operations will see VAT rates double from 1.1% to 2.2%, with special income tax rates eliminated in favor of standard corporate rates. Strategic Tax Implementation to Take Cut From a Booming Industry The changes come as Indonesia’s crypto transaction values tripled in 2024 to over 650 trillion rupiah, with more than 20 million users trading on local exchanges, exceeding stock market participation. The country ranks among the top global crypto adopters according to Chainalysis data . Source: Chainalysis Buyers will no longer pay value-added tax, previously ranging from 0.11-0.22%, providing some relief amid the broader tax increases. However, the 0.1% special income tax on mining will be removed, subjecting operations to higher personal or corporate tax rates starting in 2026. According to Reuters, Tokocrypto, backed by Binance, welcomed the shift categorizing cryptocurrencies as financial assets rather than commodities, but called for a grace period to allow industry adjustment. The tax increases reverse Indonesia’s previous struggle with crypto revenue, which declined 63% in 2023 to $31.7 million despite Bitcoin’s 160% surge, as traders migrated to unregulated offshore exchanges to avoid high local taxes. Government Balances Revenue Goals with Industry Growth Concerns Indonesia’s crypto market reached 475 trillion rupiah ($30 billion) in transactions by October 2024, representing 352% growth from $6.5 billion the previous year. The surge positions Indonesia as the third-highest country on Chainalysis’s Global Cryptocurrency Adoption Index. Over 60% of the country’s 21 million crypto traders are aged 18-30, driving adoption of Bitcoin, Ethereum, USDT, and Solana as primary trading assets. Local exchanges registered 716,000 accounts, while millions more use international platforms. The regulatory overhaul coincides with the ongoing transition of crypto oversight from the Commodity Futures Trading Agency to the Financial Services Authority , delayed due to incomplete government regulations. The shift aims to create more transparent frameworks aligned with international standards. Recent policy changes through CoFTRA Regulation No. 9 of 2024 relaxed restrictions on institutional investment , contributing to September’s crypto rally. Local exchanges, including INDODAX and Tokocrypto, have secured Physical Crypto Asset Trader licenses, with Tokocrypto commanding 43% market share. Most recently, the government suspended Sam Altman’s World (Worldcoin) project in May for operating without proper permits, using shell entities to bypass local laws requiring Electronic System Operator Certificates. The crackdown resulted from Indonesia’s stricter enforcement of data sovereignty and digital asset regulations. Komdigi shuts down Sam Altman’s World venture by freezing its operating certificates after uncovering unfiled permits and suspicious iris-scan operations under a shell entity. #SamAltman #Indonesia https://t.co/KjMSxgarVW — Cryptonews.com (@cryptonews) May 5, 2025 Tax Policy Shift Aims to Capture Offshore Trading Revenue The new tax structure specifically targets overseas exchanges with higher rates, addressing previous complaints from local platforms about unfair competition from unregulated foreign operators. INDODAX previously warned that total taxes often exceeded trading fees, driving users to cheaper alternatives. Indonesia and Australia signed a crypto information-sharing agreement in April 2024 to improve asset identification and facilitate efficient data exchange between tax authorities. The partnership aims to ensure equitable taxation while keeping pace with financial technology advancements. The dual taxation policy introduced in 2022 initially cooled market activity, with crypto tax revenue falling despite Bitcoin’s strong performance. Local exchanges complained about users migrating to offshore platforms to avoid the 0.1% income tax and 0.11% VAT combination. Tokocrypto emphasized, in the report, that new crypto tax rates remain higher than capital gains taxes on stock investments, calling for fiscal incentives to support industry innovation. The company proposed strengthening oversight on foreign platform transactions to level the competitive playing field. The regulatory changes position Indonesia to capture more revenue from its rapidly growing crypto ecosystem while maintaining its status as a regional digital asset hub. Transaction volumes in 2024 have already surpassed combined totals from 2022 and 2023. The post Indonesia Hikes Crypto Taxes Up to 5x Starting August 1, Mining VAT Doubles to 2.2% appeared first on Cryptonews .