Day: August 7, 2025

Solana (SOL) Poised for Move – Can It Clear This Barrier?

Solana started a fresh increase from the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $165 and $166 levels against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There is a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance…

HashFlare Founders Want Time Served As US Asks For 10 Years

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The co-founders of the defunct crypto mining service HashFlare asked a US judge to spare them additional prison time after admitting to wire fraud, but prosecutors said they deserve a decade in prison for orchestrating a $577 million Ponzi scheme. In a sentencing memo submitted on Wednesday to Seattle Federal Court Judge Robert Lasnik, prosecutors argued Sergei Potapenko and Ivan Turõgin each deserve 10 years in prison for their “horrible crime” that caused about $300 million in victim losses. Prosecutors argued that a decade-long sentence would be just, as HashFlare…

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XRP Pushes Through $3 as Ripple-SEC Appeal Decision Looms

XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges. Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set to deliberate on Ripple’s appeal withdrawal, while Japan’s SBI Holdings has filed for a Bitcoin-XRP ETF. News Background The SEC is expected to deliberate Ripple’s decision to withdraw…

XRP Price Trapped Below Resistance – Bulls Running Out of Steam?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Japanese Financial Giant SBI Moves Forward With Bitcoin-XRP ETF Application

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Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP.  SBI Unveils Japan’s First Bitcoin And XRP ETF  According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue to gain exposure to two of the market’s largest cryptocurrencies.  In addition, the country’s financial giant has introduced a second product, the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to…

Worldcoin Price Tops $1 as Sam Altman Offers ChatGPT to US Government

Key Notes OpenAI secured a federal contract through GSA’s OneGov initiative, offering ChatGPT Enterprise to all agencies for $1 annually. WLD trading volume declined on major exchanges except Coinbase, suggesting stronger US market interest in the token. Technical analysis shows WLD consolidating near $1.02 Bollinger midline resistance with potential upside to $1.33 target. Worldcoin WLD $0.96 24h volatility: 3.4% Market cap: $1.78 B Vol. 24h: $136.75 M price rose 3%, grazing the $1 mark and lifting its market cap to $1.7 billion on August 6. The WLD price uptick came…

Bitcoin : రూపాయి పెట్టుబడితో కోట్ల రూపాయలు -TV9

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Bitcoin Short-Term Holders Cool On Profit-Taking: Glassnode

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Bitcoin short-term holders in profit have eased their selling activity as Bitcoin’s price continues to slowly climb above its local low of $112,000, according to onchain analytics platform Glassnode. Profit-taking among Bitcoin Short-Term Holders (STH) — those holding for less than 155 days — has “cooled off,” Glassnode said in a markets report on Wednesday. The analytics firm explained that Bitcoin (BTC) STH spent volume, which measures the proportion of recent buyers in profit selling their Bitcoin, has dropped to 45%, below the neutral level. Market in “relatively balanced position”…

South Korea’s KakaoBank Plans Stablecoin Services: Report

The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung. KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-half 2025 earnings call that the company is “reviewing various methods such as issuance and custody,” and “plans to actively participate,” in the “digital asset ecosystem,” ZDNet Korea reported on Wednesday Kwon added that the initiative is being spearheaded in cooperation with Kakao’s Stablecoin Task Force,…