null source: https://x.com/DaanCrypto/status/1959929864812929177

According to BlockBeats, recent analysis by Glassnode indicates that all Bitcoin holding groups have entered a distribution phase, with those holding 10 to 100 Bitcoins leading the trend. This consistent movement across different holding groups highlights a widespread selling pressure in the market.

According to Foresight News, data from the Ethena Ecosystem indicates that USDe has surpassed USDt in stablecoin supply growth over the past month, securing the top position among stablecoins.

Boba Network is a decentralized layer-2 platform that operates across multiple blockchains, including Ethereum, BNB, Moonbeam, Avalanche, and Fantom. Its primary purpose is to offer developers a scalable infrastructure for constructing decentralized applications (dApps). The platform incorporates a distinctive indexing and querying system that enables developers to efficiently access blockchain data. This feature is vital […] source: https://www.cryptopolitan.com/top-10-bridges-on-boba-network-expanding-potential-use-cases-in-the-blockchain-ecosystem/

Canary Capital targets U. S. -origin crypto with new ETF proposal, refining market innovation. source: https://coincu.com/357364-american-made-crypto-etf-canary

The subdued action in major cryptocurrencies has only fueled the hunt for high-upside alternatives. Bitcoin Penguins fits that profile perfectly: a brand with meme appeal. Early backers have now committed over $4. 4 million source: https://coinjournal.net/news/upcoming-meme-coins-bitcoin-penguins-presale-surges-as-investors-eye-next-big-move/

According to Cointelegraph, XRP has experienced a significant decline, dropping over 20% since reaching a peak near $3.66 last month. This includes a recent 4% decrease in the past 24 hours, pushing its value below the critical $3 psychological threshold. The question now is whether XRP can reclaim the $3 support level and continue its upward trajectory. Analysts are closely monitoring the situation to determine the potential for a rebound. XRP's price charts indicate a possible recovery towards the $4.00–$4.40 range, contingent upon maintaining support around $2.95. Elliott Wave analyst Avi Harkishun notes that historically, the $2.95 zone served as resistance during the mid-2021 recovery and later transitioned to support following XRP's breakout earlier this year. The target zone of $4.00–$4.40 aligns with the 1.618 Fibonacci retracement level, calculated from XRP's swing high near $3.38 down to its swing low around $1.61. Multiple chartists, including pseudonymous analyst ThePenguinXBT, consider these range-high targets as a promising long opportunity. Additionally, XRP's prevailing bull pennant pattern suggests a potential breakout towards $4.40, with a technical upside target around $4.62. Further bullish signals emerge from chartist AltcoinGordon, who identifies a classic cup-and-handle formation on XRP's daily chart. This pattern indicates XRP entering the handle stage, characterized by price consolidation in a tight range following a U-shaped recovery. Technically, this consolidation could precede a breakout above the cup-and-handle's neckline at approximately $3.80. Based on the measured move from the cup's depth, the projected target stands near $5.80, representing roughly a 90% gain from current levels. However, the situation remains precarious, as a drop below $2.95 could trigger what Elliott Wave analysts refer to as a "WXY correction," according to Harkishun. This correction is a prolonged pullback pattern where the price drifts lower in three connected waves instead of bouncing quickly. Such a scenario could extend XRP's decline towards $2.40, a level that coincides with heavy trading activity from 2020–21 and aligns with the 200-day exponential moving average (200-day EMA). In a bearish scenario, $2.40 serves as a logical support cushion, where a bounce is likely. Readers are advised to conduct their own research and exercise caution, as this article does not provide investment advice or recommendations.

According to BlockBeats, U.S. banks are urging modifications to new stablecoin regulatory rules, fearing potential outflows of trillions of dollars. This highlights the intensifying competition between Wall Street and the cryptocurrency sector. Last week, banking lobby groups, including the American Bankers Association (ABA), Bank Policy Institute (BPI), and Consumer Bankers Association (CBA), cautioned lawmakers about regulatory 'loopholes' that might enable some crypto trading platforms to indirectly pay interest to stablecoin holders. The 'Genius Act,' passed by the U.S. Congress in July, aims to regulate the global $288 billion stablecoin market. The law prohibits issuers from paying 'returns' or interest to customers. Under the new regulations, banks can issue their own stablecoins but are barred from paying any interest.

null source: https://x.com/DaanCrypto/status/1959926980821832188

Singapore’s core inflation eases to 0. 5% in July, below forecasts. source: https://www.cryptopolitan.com/singapore-inflation-cools-to-4-month-low/

The value of ROSS memecoin surged after speculation that President-elect Trump might pardon Ross Ulbricht, the Silk Road creator. The coin’s rise reflects growing support for Ulbricht's release, with traders betting on a potential presidential commutation.