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Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC
Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC

Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.

Cointelegraph·2023/07/24 11:00
Why is XRP price down today?
Why is XRP price down today?

XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.

Cointelegraph·2023/07/24 09:43
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America

Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling are difficult to determine, the report said.

Coindesk·2023/07/24 09:02
Bitcoin Dawdles Below $30K as Investors Eye Coming Fed Rate Decision, BTC Options Expiry
Bitcoin Dawdles Below $30K as Investors Eye Coming Fed Rate Decision, BTC Options Expiry

Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.

Coindesk·2023/07/21 21:46
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows

Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.

Coindesk·2023/07/20 20:52
XRP Moving Above 'Cloud' Resistance is Bullish for Bitcoin: Analyst
XRP Moving Above 'Cloud' Resistance is Bullish for Bitcoin: Analyst

We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.

Coindesk·2023/07/20 05:38
XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low
XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low

Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.

Coindesk·2023/07/19 21:44
XRP Futures Set Open Interest Record High for 2023
XRP Futures Set Open Interest Record High for 2023

Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.

Coindesk·2023/07/19 09:46
XRP’s 60% Weekly Gain Defies Broader Crypto Slump as Bitcoin Stalls Below $30K
XRP’s 60% Weekly Gain Defies Broader Crypto Slump as Bitcoin Stalls Below $30K

Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.

Coindesk·2023/07/18 21:48
Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit
Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit

Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.

Coindesk·2023/07/17 19:52
Flash
05:10
Across Protocol plans to dissolve its DAO and transition to a private company, offering token holders equity or a USDC exit option
ChainCatcher News, The development team behind Across Protocol, Risk Labs, has proposed dissolving the current DAO structure and transforming the project into a US C-corporation. The team pointed out that the existing token and DAO framework have substantially affected their ability to establish partnerships with institutions and corporate partners, and that a traditional corporate structure would help open up new business opportunities. According to the proposal, ACX holders can choose to swap their tokens for shares in the new company at a 1:1 ratio, or exchange them for USDC at a price of $0.04375 per token, which is a 25% premium over the average price of the past 30 days. Holders with more than 5 million tokens can directly convert to equity, while smaller holders can participate through a special purpose vehicle (SPV). After the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open within three months after the proposal is approved and will last for six months. Co-founder Hart Lambur emphasized that a formal decision must be approved by a DAO vote.
05:08
Nic Carter says BIP-360 should focus on technical quality and quantum resistance objectives
Castle Island Ventures partner Nic Carter stated on the X platform on March 12 that the crypto community's debate over the identity and background of the BIP-360 author is not important. The bitcoin community should focus on the technical quality of the proposal and the public review process. Historically, it is not uncommon for bitcoin developers to be anonymous or use pseudonyms—for example, the identity of BIP-148 author "Shaolinfry" remains unknown, but this has not affected the significance of the proposal. BIP-360 members include Ethan, Isabel, and the anonymous developer Hunter Beast. The proposal aims to eliminate quantum vulnerabilities in Taproot addresses and pave the way for bitcoin's quantum resistance. As the potential risk of elliptic curve cryptography failure gains attention, the community's priority is shifting toward enhancing bitcoin's quantum resistance.
05:04
Bank of England considers revising pound stablecoin regulations
The Bank of England stated that it may adjust its proposed rules regarding GBP stablecoins following industry feedback. (Cointelegraph)