Is XRP ‘way overvalued’ to buy right now?

XRP’s market cap is 2,200 times greater than its total value locked on XRPL, signaling heavy upside speculation among traders. Source link

Paxos seeks US national trust bank charter after 2023 application lapse

Paxos Trust Company, the crypto infrastructure company behind PayPal’s PYUSD stablecoin, has filed to convert its New York limited-purpose trust charter into a US national trust bank charter, renewing an effort that expired in 2023. If approved, the federal charter, issued by the Office of the Comptroller of the Currency (OCC), would allow Paxos to…

Ethereum Price is the Highest Since 2021, But $5K Might Have to Wait for Now

Key takeaways: ETH rallied 41% in a month, but derivatives data shows traders remaining cautious, not bullish. Institutional inflows and corporate Ether reserves suggest strong demand, yet recession risks cloud the outlook. Ether (ETH) climbed to $4,349 on Monday, its highest price since December 2021. Despite outperforming the broader cryptocurrency market by more than 30%…

Bitcoin Needs to Hit $340,000 to Beat Last Cycle’s Gains

Key points: Bitcoin will beat its prior cycle’s gains for the first time if it makes it to $340,000 this bull market. While a “very big ask,” such a feat would make BTC the world’s second most valuable asset by market cap. BTC is already an outperformer among macro assets over the past five years….

GENIUS Act Stablecoin Ban May Fuel Tokenization Market Growth

The landmark US GENIUS Act could serve as a major catalyst for stablecoin adoption both domestically and abroad. But rather than simply boosting demand for dollar-backed digital currencies, it may unintentionally push capital into the tokenization market as investors seek yield on their holdings. That was one of the key takeaways from a recent interview…

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Key points: Bitcoin faces significant selling near its all-time high, but the bulls are keeping price above $120,000, indicating strength. Ether remains strong above its breakout level of $4,094, opening the doors for a further rally. Bitcoin (BTC) rose above $122,000 on Monday, but the long wick on the candlestick shows the bears are vigorously…

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Key points: Bitcoin faces significant selling near its all-time high, but the bulls are keeping price above $120,000, indicating strength. Ether remains strong above its breakout level of $4,094, opening the doors for a further rally. Bitcoin (BTC) rose above $122,000 on Monday, but the long wick on the candlestick shows the bears are vigorously…

Filecoin (FIL) Recovers After 7% Slump

Filecoin exhibited high volatility throughout the 24-hour trading session, registering a comprehensive 7% range, according to CoinDesk Research’s technical analysis model. The model showed that FIL hit a high of of $2.68 and a subsequent low of $2.49, during the period. FIL endured a precipitous decline commencing approximately 07:00 on Aug. 11, down markedly to…

Crypto Helps Emerging Economies Bypass Legacy Financial Constraints

Opinion by: Andrei Grachev, managing partner at DWF Labs Bitcoin’s role in sovereign finance is no longer hypothetical.  As nation-states reassess reserve strategies amid inflation, sanctions and dollar volatility, crypto, particularly Bitcoin and stablecoins, is emerging as a neutral, programmable asset class with sovereign-grade utility. The properties that crypto can wield for retail users can…

Is XRP ‘way overvalued’ to buy right now?

XRP’s market cap is 2,200x greater than its total value locked on XRPL, signaling heavy upside speculation among traders. Source link