Author: Digicoinvision
Key takeaways:XRP (XRP) has been one of the worst-performing top cryptocurrencies this past seven days, dropping as low as 13.50%, a sharp contrast to Bitcoin’s (BTC) 2.25% and Ether’s (ETH) 0.50% declines over the same period.XRP/USD vs. BTC/USD, ETH/USD, DOGE/USD, FARTCOIN/USD seven-day price performance. Source: TradingViewDown around 10% over the past seven days as of Wednesday, the Ripple-linked token is faring only better than high-volatility memecoins like Dogecoin (DOGE) and Fartcoin (FARTCOIN), which have plunged roughly 20% and 35% over the past week.Ripple co-founder moves over $140 million in XRPOne of the major downside triggers was Ripple co-founder Chris Larsen…
The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9.Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes and 20 seconds, according to CoinWarz.Data from CryptoQuant shows that the mining difficulty fell in June, with a sharp drop-off at the end of month and the first two weeks of July, when difficulty fell to 116.9 trillion. However, the difficulty level resumed its long-term uptrend in…
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.” Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s (the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual currencies through Hong Kong’s licensed exchanges. These events, while seemingly separate, are actually components of a carefully orchestrated strategy by China, designed…
Key Takeaways Solana tumbled 12% in a week as whales dumped tokens and loaded up on shorts. Despite growing retail buying, bearish momentum persists – $154 support could be next. Solana [SOL] has dropped 12.38% in just one week, tumbling from $206 to a local low of $159. At press time, the price hovered near $162, reflecting a 3.95% daily dip. This sharp correction pushed the asset into a descending channel, with momentum indicators flashing bearish cues. But while retail traders bought the dip, whales chose to exit. Whale panic hits the spot market Notably, after taking a step back…
The long-standing debate over XRP’s price ceiling is still a strong discussion. In a recent post on social media platform X, fintech analyst Armando Pantoja argued that the notion of market capitalization limiting XRP’s rise to $1,000 is fundamentally flawed. His comment came alongside a short video clip in which he draws comparisons between crypto and early-stage technology companies like Microsoft. Why Market Cap Doesn’t Cap Technology In his video, Pantoja dismissed the idea among many investors that XRP’s market cap should be used as a rigid barrier against long-term price appreciation to the $1,000 price level. He noted that…
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association Last week’s announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.” Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s (the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual currencies through Hong Kong’s licensed exchanges. These events, while seemingly separate, are actually components of a carefully orchestrated strategy by China, designed…
Bitcoin exchange-traded funds (ETFs) experienced a historic $812 million outflow, their second-largest on record, while ether ETFs saw their 20-day green streak end with $152 million in losses. Bitcoin ETFs Record Second-Largest Outflow Ever As Ether ETFs Historic Inflow Ends The first day of August brought a brutal twist for crypto ETFs as both bitcoin […]
This issue of Finalized is dedicated to the contextualization of a recently published paper describing three possible attacks on Ethereum’s proof-of-stake algorithm. tl;dr These are serious attacks with a formally-analyzed, technically-simple mitigation. A fix will be rolled out prior to the Merge and will not delay Merge timelines. Forkchoice attacks, mitigations, and timelines There has recently been quite a bit of chatter around a newly published paper co-authored by a team at Stanford and some EF researchers. This paper made public three liveness and reorg attacks on the beacon chain’s consensus mechanism without providing any mitigations or any contextualization of…
The crypto market is lighting up again as Bitcoin crosses $119K, pulling attention back to presales with explosive potential. Two projects are now grabbing the spotlight. Bitcoin Hyper, a meme-fueled play riding BTC branding, has just crossed $5 million raised. Meanwhile, BlockDAG continues its record-breaking climb, now sitting at $359 million raised with an extended Beat Vesting offer. While one project is making noise with speculative buzz, the other is building confidence with full liquidity access at launch. It is shaping up to be one of the most important face-offs of this presale cycle, and buyers are taking notice. In…
On Aug. 1, U.S. stocks lost $1.1 trillion, with the Dow Jones Industrial Average dropping over 500 points (1.2%), the S&P 500 falling 1.6%, and the Nasdaq Composite declining around 2.2%. Disappointing Jobs Report Rouses Fears U.S. stocks lost $1.1 trillion on Friday, Aug. 1, capping a tumultuous day that saw President Donald Trump reportedly […]