Latest Crypto News & Market Updates

XRP crashes 37% in one Bitstamp wick while the wider market tells a different story

XRP crashed 37% on Saturday, Aug. 22, but only on Bitstamp.　　Related Asset XRP #5 XRP · $1.50 24-hour change: down 0.14% 24H Down 0.14% 7D Up 49.21% 30D Up 36.71%　　Bitstamps XRP/USD spot pair reached a one-minute high of $1.69739 at 05:03 UTC, then fell to $1.06689 in the 05:10 candle. That was a 37.15% high-to-low move. The 05:10 candle closed at $1.44837, recovering most of the plunge before the minute ended.　　Such a brief, deep move is known as a wick. The cross-venue comparison shows why this one should not be treated as XRPs market-wide return. Krakens XRP/USD ticker showed a rolling 24-hour high of $1.70 and low of $1.3359, a 21.4% range. OKXs XRP/USDT ticker showed a $1.70 high and $1.3757 low, a 19.1% range.　　By roughly 01:50 UTC on Aug. 23, CryptoSlates XRP market data showed 10 major spot markets clustered near $1.49 to $1.50. While the sample is not exhaustive and does not reconstruct each venues recovery path, it shows that major spot prices had converged after Bitstamps anomalous low.　　Related Company Bitstamp European based cryptocurrency marketplace　　Related Company Kraken San Francisco based digital asset exchange　　The 37% figure spread across social media, indicating a $0.60 drop and a broader market dip.

3 days agoIndustry

U.S. Mortgage Rates Stay Near 6.7% as Treasury Yields Limit Relief for Buyers

U.S. mortgage rates remain close to 6.7% heading into Monday, Aug. 24, offering buyers only modest relief as elevated Treasury yields continue to keep borrowing costs high. The latest Freddie Mac data put the average 30-year fixed mortgage rate at 6.65%, while faster-moving daily lender data ended last week at 6.77%.　　Freddie Mac said the 30-year fixed rate fell from 6.67% a week earlier, marking its second consecutive weekly decline. The average 15-year fixed mortgage rate also edged down to 5.95% from 5.96%. However, the 30-year rate remains slightly above the 6.58% average recorded during the comparable week last year.　　Mortgage Rates Are Barely Different From a Year Ago　　The FRED chart puts the current mortgage-rate environment into a longer-term perspective. Rather than displaying the mortgage rate itself, the chart measures how many percentage points the 30-year fixed rate has changed from the same period one year earlier.　　U.S. 30-Year Fixed Mortgage Rate Year-Over-Year Change, 2021-2026. Source: Freddie Mac via FRED　　That year-over-year gap surged toward 4 percentage points in late 2022 as the Federal Reserves inflation fight rapidly pushed borrowing costs higher. The gap then narrowed through 2023 and 2024 and moved below zero for portions of late 2024, 2025 and 2026.　　By Aug. 20,

3 days agoIndustry

Token Unlocks This Week: What HUMA, H, and KMNO Holders Should Expect

SOSO, H, XPL, HUMA, FF, CARDS, and KMNO unlocks may add supply pressure. HUMA faces the largest unlock this week, at 16.7% of its circulating supply.Your own token count never changes during an unlock; only the total supply does.　　Seven tokens face significant unlocks between August 24 and 30, and if youre already holding one of them, the natural question is simple: does this actually affect you, and if so, how？　　This Weeks Unlock Schedule　　According to data, the following unlocks are scheduled this week:SOSO (SoSoValue): 23.46 million tokens, 6.35% of circulating supply, August 24H (Humanity Protocol): 266 million tokens, 7.92% of circulating supply, August 25XPL (Plasma): 88.89 million tokens, 3.31% of circulating supply, August 25HUMA (Huma Finance): 459 million tokens, 16.70% of circulating supply, August 26FF (Falcon Finance): 77.14 million tokens, 2.57% of circulating supply, August 29CARDS (Collector Crypt): 28.84 million tokens, roughly 5.5% of circulating supply, late AugustKMNO (Kamino): 229 million tokens, 2.89% of circulating supply, August 30　　Does Your Token Count Change？　　No. Your own token count never changes during an unlock; only the total supply does. Holding 1,000 HUMA today means holding exactly 1,000 HUMA after the unlock. Nothing is added or removed from your wallet. What does shift is the

3 days agoIndustry

Bitcoin heads towards $80K: What could drive the next move？

Bitcoin is trading above 77.5k, up 1.2% over the past 24 hours and extending last weeks 20% rally, its strongest weekly performance in more than two years.　　The move has been driven by a combination of improving liquidity expectations, a lower regulatory risk premium, stronger institutional demand and a wave of short covering.　　However, with Bitcoin now approaching 80k, several key events this week could determine whether the rally has further to run.　　Why did Bitcoin jump 20%？　　Bitcoin surged 20% last week, helped by Treasury Secretary Scott Bessents announcement that the Treasury would increase purchases of longer-dated Treasuries.　　Discover more　　Merchant Services & Payment Systems　　Currencies & Foreign Exchange　　Engineering & Technology　　The move helped pull long-term yields lower and improved risk appetite, while also raising expectations of easier liquidity conditions.　　At the same time, U.S. government debt crossing $40 trillion added to concerns over the fiscal outlook and helped revive the so-called debasement trade, supporting alternative assets such as Bitcoin and gold.　　The regulatory backdrop also improved after President Trump renewed his push for clearer rules around digital assets, potentially making it easier for institutional investors to move into crypto.　　Institutional demand provided another tailwind. Bitcoin ETFs recorded $1.92 billion in net inflows last week, their strongest weekly inflows since

3 days agoIndustry

XRP Ledger's 25% Drop Triggers Mysterious Transaction Growth

In its most recent network data, XRP Ledger is displaying an odd divergence: while transaction throughput and the number of users interacting with the network are concurrently increasing, a number of traditional activity indicators are sharply declining. The decline in active accounts is the most obvious.　　Disparency between indicators　　While newly created accounts decreased by the same 25.9% to about 1,500, the metric fell by 25.9 percent to about 10,900. Additionally, payments decreased by 31.6% to roughly 440,000, indicating that regular XRP payment transfers are not the source of the overall activity increase.　　Source: XRP Ledger　　However, the overall flow of transactions was precisely the opposite. Successful transactions increased by an even greater 65.5% to 1.9 million, while XRPL processed roughly 2.1 million transactions, a 38.5% increase. The number of transactions per ledger increased by 110.6% to 157.33%　　On the other hand, active users represent the most unusual figure. The metric increased 166.5 percent to roughly 489,500 despite the drop in active accounts. This disparity implies that the most recent increase cannot be explained by the sudden appearance of hundreds of thousands of new, persistent XRPL accounts.　　Rather, the data suggests that network activity has changed in terms of both composition and intensity. Even as the

3 days agoIndustry

Shiba Inu Restart Rumors？ SHIB Veteran Calls Out 'Fake' Proposal Claims

Long-time SHIB community member and Shiba Eternity advisor, Mazrael, has responded to fresh speculation of a Shiba Inu project restart, dismissing such claims as false.　　An X user, RuggRat, claimed that “Shiba Inu isnt just changing direction, it may be starting over,” sharing details of a proposal discussed during a community space, which he stated could mark a complete departure from the previous Shiba Inu roadmap.　　The goal of the proposal, according to the X user, was to remove the rebuilt ecosystem from anything still controlled by the former leadership. This could mean moving away from the existing infrastructure, migrating to an entirely different blockchain, rebuilding ShibaSwap under a new platform, avoiding the Shib.io website because it remains controlled by the previous team, removing Zama from the roadmap, reconsidering the roles of BONE, LEASH and TREAT, and rebuilding governance, products, liquidity, and community infrastructure from the ground up. This implies that there may no longer be a near-term vision centered on Shibarium, Zama-powered confidentiality or the ecosystem structure many holders believed they were supporting.　　The X user shared a link to Shiba DAO, a page that contained a warning that its content might contain scams or be malicious in nature.　　Mazrael directly rejected the

3 days agoIndustry

Cleaning firm dumps Dogecoin to fund $100M AI pivot amid stock dilution warning

CleanCores $100 million stock offering increased its common shares outstanding from 226,260,684 to 502,090,260, with proceeds tied to its shift from cleaning products and Dogecoin treasury assets into Minnesota AI infrastructure.　　An Aug. 20 SEC filing states that CleanCore reached the new total after issuing 275,829,576 offering shares. The final prospectus supplies the pre-offering base, putting the increase at 121.9%.　　The issued shares represent dilution already delivered. Another 524.2 million offering shares remain possible.　　Related Asset Dogecoin DOGE · $0.09 24-hour change: down 1.65%　　Warrants leave another 524 million shares in play　　CleanCore also issued pre-funded warrants covering 124,170,424 shares and investor warrants covering up to 400 million shares. At their stated terms, exercise of every offering warrant after the Aug. 20 count would take the offering-only total to 1,026,260,684 shares.　　The pre-funded warrants cost $0.0001 per share to exercise and do not expire. The investor warrants cost $0.25 per share, expire after five years and could bring CleanCore about $100 million of additional gross proceeds if all are exercised for cash.　　The scenario remains conditional and is not a company-wide fully diluted count. Exercises face ownership limits and adjustments, while the prospectus separately lists options, restricted stock units, pre-existing warrants, settlement shares, plan reserves and project-covenant

3 days agoIndustry

Fake Hyperliquid Google ad linked to Inferno drainer steals USDC

A Hyperliquid user has lost about 550,000 $USDC after a Google sponsored advertisement directed the victim to a fake version of the decentralized trading platform, with investigators linking the theft infrastructure to the Inferno drainer ecosystem.　　Blockchain security firm Salus said in an Aug. 24 post on X that the theft took place on Aug. 13 and involved a counterfeit Hyperliquid website promoted through paid Google search results. After tracing the stolen funds and reviewing the infrastructure behind the page, the firm said it connected the operation to a professional drainer-as-a-service network associated with Inferno.　　On August 13, 2026, a fake Hyperliquid website promoted through Google sponsored ads caused a victim to lose 550k $USDC.　　After cross-checking the subsequent fund flows, we confirmed that the case involved professional drainer-as-a-service infrastructure closely linked to the…　　— Salus (@salus_sec) August 24, 2026　　Hyperliquid phishing case used automated theft infrastructure　　Salus said its undercover investigation found that the service solicited customers through the Telegram account @AngelFernoOwner. The operator advertised tools including malicious scripts, administrative panels, approval-command generation, one-time contract deployment, automated draining, cross-chain withdrawals, token swaps, and fund consolidation.　　The service also offered “automated revenue sharing,” according to the security firm, allowing proceeds from successful phishing attacks to be divided

3 days agoExchange

Fed study finds crypto investors driven by beliefs, easily swayed by returns

A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial assets: Americans who buy crypto don‘t simply have different demographics or risk appetites, they have radically different beliefs about digital assets’ future returns.　　The finding could help explain both cryptos persistent volatility and the way rallies can attract new buyers, potentially creating a feedback loop in which rising prices reinforce bullish expectations and pull more investors into the market.　　Using repeated surveys of as many as 25,000 US households per wave, researchers Michael Weber, Bernardo Candia, Olivier Coibion and Yuriy Gorodnichenko found that expectations about crypto returns explain more of the variation in who owns cryptocurrency than a broad range of demographic characteristics.　　The paper, titled “Do You Even Crypto, Bro？ Cryptocurrencies in Household Finance,” also uses a randomized information experiment to show that simply giving people information about Bitcoins (BTC) recent performance can increase both their desired crypto allocation and their subsequent purchases.　　Perceived risk of crypto by ownership. Source: Federal Reserve Bank of Cleveland　　The researchers say the results point to a potential mechanism behind speculative bubbles: past gains can attract new investors, whose purchases push prices higher and potentially attract

3 days agoIndustry

Ethereum Rotation Takes Shape, Tom Lee Claims

Fundstarts Tom Lee is confident that rotation into ETH has already started.　　The setup for this rotation has been nearly a decade in the making, according to Lee.　　Is ETH going to $10K？　　According to Tom Lee, ETH could easily reach $10,000 within the next one or two years.　　The extremely bullish take is based on this assumption that ETH will be able to become the settlement layer of the future.　　At the same time, he is confident that a proper DAT will be able to outperform the underlying asset.　　Lee has argued that Ethereum remains significantly undervalued relative to Bitcoin. His thesis is based in part on Ethereum regaining the historical valuation relationship it has maintained with Bitcoin.　　Bitcoin trading guide　　In June, Lee said Ethereum could eventually reach $250,000. He believes that the network could become increasingly important for decentralized finance, tokenized assets and artificial intelligence.　　His role at BitMine has also given the forecast greater significance. BitMine has pursued an aggressive Ethereum treasury strategy. Lee serves as the companys chairman. Reuters reported in July 2025 that BitMine had launched the strategy with a $250 million private placement and had accumulated more than 163,000 ETH by July 14.　　Ethereums recent recovery　　The price of Ethereum has gained more than

3 days agoIndustry

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