XRP ETF Inflows Hit $1.55 Billion Record Amid 70% Price Surge

Spot XRP ETFs recorded their best week since May, gaining $39.78 million as the token exploded to a seven-month high following months of stagnant demand.  The rally lagged the broader crypto market by a day before catching up with force.  Sponsored  Sponsored  XRP ETF Inflows Finally Break Their Streak  Investors returned to the funds on August 18, pouring $5.81 million in what became the biggest daily net inflow of the month at that point, following a painful streak in which seven of the months first eleven trading days saw no inflows at all.  Wednesday brought only $2.35 million, even as the US Treasury announced a major monetary pivot and Trump hosted a White House Crypto Summit, the catalysts widely credited for that days broader market revival across Bitcoin and Ethereum.  Both assets saw immediate inflow spikes that session, while XRP was noticeably slower to join the rally despite the same underlying catalysts.  Inflows picked up Thursday at $13.24 million, then jumped to $18.38 million on Friday, the single-best day for the funds since May 14, according to SoSoValue data. The cumulative total net inflows hit a new all-time high of $1.55 billion.  Follow us on X to get the latest news as it happens.  Daily XRP ETF Inflows During the

کل 00:35انڈسٹری

Zondacrypto boss seeks leniency for testimony on political ties: Report

Przemysław Kral, the head of the collapsed cryptocurrency exchange Zondacrypto, has reportedly been charged with participating in an alleged large-scale fraud and has begun cooperating with Polish prosecutors.  Kral is seeking a reduced sentence in exchange for testimony that could include details about Zondacryptos funding of right-wing politicians, Polish outlet Onet reported Monday.  According to Onet, prosecutors estimate Zondacrypto customers lost at least 2.4 billion Polish zlotys ($650 million). Investigators said the exchange used only part of customer funds to buy crypto, while the rest was transferred to private accounts controlled by Zondacrypto managers.  Onet reported Friday that Kral had been negotiating the terms of possible cooperation with prosecutors for six months. He reportedly held informal meetings with prosecutors in Poland, Sicily and Persian Gulf countries to discuss a potential deal.  Kral has remained silent on X since publicly disclosing in mid-April that Zondacrypto could not access a cold wallet holding about 4,500 Bitcoin. He has denied accusations of misappropriating funds and said the wallets private keys were supposed to have been transferred by Zonda founder and former CEO Sylwester Suszek, who has been missing since 2022.  Zondacrypto was the main sponsor of the Conservative Political Action Conference (CPAC) held in Poland days before the

کل 00:35انڈسٹری

Crypto advocacy groups oppose Illinois digital asset tax in court

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) filed a lawsuit against Illinois officials regarding the states 0.2% tax on cryptocurrency, expected to be enforced starting in January 2027.  In a lawsuit filed Friday in the Circuit Court of the Seventh Judicial Circuit for Sangamon County, lawyers for the two crypto advocacy groups challenged Illinois‘ digital asset tax on the grounds it violated the US Constitution, the state’s constitution, federal and state due process laws and the federal Internet Tax Freedom Act. Illinois Governor JB Pritzker signed the measure into law as a “privilege tax” in June as part of the states fiscal year 2027 budget, requiring crypto users to be taxed as applied to transaction volume rather than income.  On the due process claim, CCI and BA argued that the tax was “unconstitutionally vague” by placing the burden on residents and brokers “under the threat of serious civil and criminal penalties” to determine what and how such assets were taxed. Notably, the crypto organizations arguments under the US Constitution were based on alleged violations of the Commerce Clause covering interstate commerce, claiming that the state tax “creat[ed] the specter of duplicative taxation.”  “States have an important role to play in

کل 00:35انڈسٹری

llinois 0.2% crypto tax faces new industry lawsuit

Two U.S. crypto trade groups have sued three Illinois officials to stop a 0.2% digital asset tax from taking effect on Jan. 1, 2027.  Illinois crypto tax faces six legal claims  The 39-page complaint, filed by the Blockchain Association and Crypto Council for Innovation in Sangamon County Circuit Court, seeks declaratory and injunctive relief against the Digital Asset Tax Act.  Filed against Illinois Department of Revenue Director David Harris, Attorney General Kwame Raoul, and Sangamon County States Attorney John Milhiser, the case challenges the officials responsible for implementing, collecting, and enforcing the tax.  According to the filing, Illinois would impose the levy on the full value of a customers digital assets whenever a covered broker exchanges, transfers, or stores them. The groups said a customer could owe the tax even without selling an asset, transferring ownership, or earning a profit.  The complaint sets out six counts under federal and state law. CCI and the Blockchain Association allege that the measure violates the federal Internet Tax Freedom Act, the Commerce Clause, and due process protections under the U.S. Constitution.  At the state level, the groups claim the tax violates Illinois Uniformity Clause, unlawfully delegates tax policy to an administrative agency, and fails to meet a state constitutional

کل 00:30انڈسٹری

US Dollar: Weakness may stabilize as US growth advantage persists

Brown Brothers Harriman‘s (BBH) Elias Haddad notes that the Treasury’s buyback announcement initially pushed longer-term Treasuries lower, weakened the Dollar and boosted Gold. He argues the USD slump should stabilize this week, with the US growth advantage offsetting fiscal concerns. Futures imply modest further Fed tightening, but BBH sees risks skewed toward a dovish repricing as inflation and labor data remain contained.  USD slump expected to stabilize  “The Treasury‘s buyback announcement dominated market action last week. Longer term Treasury yields initially fell but the relief proved fleeting, USD weakened against all major currencies and gold rallied. The Treasury’s intervention blurred the lines between improving market functioning and suppressing borrowing costs to contain fiscal stress.”  Discover more  Selecting An Online Payment Gateway  Subscribing To Digital Newspaper Outlets  exchange-traded funds  “Regardless, we expect the USD slump to stabilize this week. The widening US growth edge over other major economies, reflected by the composite PMIs, can offset some of the structural drag to USD from worsening US fiscal credibility.”  “ADP private employment change for the week ending August 8 will be of interest (Tuesday). While the weekly ADP is poor at predicting monthly NFP change, it does a better job at capturing the broad direction of travel. And it currently points

کل 00:15انڈسٹری

Tesla Stock Analysis: Daily Neutral, Hourly Bullish Insights

Tesla stock is caught between daily resistance and rising support. The hourly chart leans bullish while the daily timeframe remains neutral. This divergence defines the setup as Tesla navigates robotaxi regulatory news and broader market caution ahead of Nvidia earnings.  TSLA — daily chart with candlesticks, EMA20/EMA50 and volume.Key TakeawaysTesla stock closed at 357.78, sitting almost exactly on the daily pivot at 357.50— a level reflecting indecision.The hourly chart shows a bullish alignment with price above the 20, 50, and 200-hour EMAs, diverging from the neutral daily picture.Daily RSI at 55.38and a positive MACD histogram at 6.20suggest downside momentum is fading, though the trend has not yet flipped bullish.Resistance sits at 358–363(50-day EMA and daily highs); failure there risks a slide toward the daily EMA20 at 343.59.Robotaxi safety data and analyst Market Perform ratings provide a mixed fundamental backdrop ahead of Nvidia earnings.  Daily Structure: Tesla Stock Stuck Between Support and Resistance  Tesla stock is boxed in. The daily chart shows price caught below medium-term resistance while holding above near-term support — a classic consolidation pattern.  Moving Averages Frame the Ceiling  The session closed at 357.78after printing a high of 363.13 and a low of 351.60. Price sits almost exactly on the daily pivot at

کل 00:13انڈسٹری

PrimeXBT: Is this the start of a Bitcoin bull run? A 2022 signal appeared before the rally

Tony “The Bull” Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.  A seasoned Chartered Market Technician, Tony‘s prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.  Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.  In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter,

کل 00:11انڈسٹری

Bessent steps in on bonds — Yields fall, Gold and Bitcoin rally

The week of August 17–21 was a game changer for Gold and Bitcoin, and the trigger was the Treasury bonds market as Scott Bessent had tried to stop a long-end selloff that had already pushed the Nasdaq through five red sessions.  The core of the week was simple. After the 30-year yield touched a 19-year high near 5.34%, the Treasury said it would at least double liquidity-support buybacks of 10- to 30-year debt — from $2 billion to at least $4 billion per operation, starting September 9. In response, the 30-year yield dropped about 10 basis points toward 5.19% immediately weakening the US dollar and lifting Gold.  The absolute winner of the week was Bitcoin which had grown to $79000, soaring for 20% to 25% within a single week.  Equities were slower to join: they needed Fridays rebound to stop the Nasdaq bleed.  The Bessent put, and why yields still matter  Bessent framed the move as market-making in a thin Augusts market, not as real quantitative easing. The extra buybacks are small versus the stock of outstanding debt. The market did not care about the size. It cared about the signal: if the long end yields rise again, the Treasury is willing to lean against

کل 00:10انڈسٹری

Analysts See Nearly 40% Gains In Nancy Pelosi's Latest Stock Buys

Wall Street sees close to 40% upside in Bloom Energy. Nancy Pelosis household bought the stock in late July, two days before it jumped 26%.  A Periodic Transaction Report (PTR) filed Friday with the House Clerk revealed the trades. Her husband, Paul Pelosi, made all of them. Each carries the SP code for spouse.  Breaking: Nancy Pelosi just filed up to ~13.5M worth of new stock trades  Including buying up to $12M of Bloom Energy $BE  Major Buys Include:  • Bought 15,000 shares of Bloom Energy $BE  • Bought 10,000 shares of Intel $INTC  She bought new call options:  • Bought up to…  Follow us on X to get the latest news as it happens  What Wall Street Sees in Bloom Energy  Bloom Energy (BE) builds fuel cells. They generate electricity on site, without waiting for the grid. That matters now, as Artificial intelligence (AI) data centers need power fast. Grid connections can take years.  Other big investors have made the same call this year, backing power over chips as the tighter bottleneck. Eighteen analysts rate Bloom a Moderate Buy. Nine say Buy. Nine say Hold. None say Sell.  Bloom Energy Stock Forecast s Latest Stock Buys appeared first on BeInCrypto.

کل 00:09انڈسٹری

South Korea's Largest Crypto Exchange Is Dominated by XRP

The capital rotation in the South Korean crypto market, which began late last week, is taking on the characteristics of an extreme market imbalance today.  Retail investors, who triggered an exodus from technology stocks, have turned XRP — the token Ripple calls its “North Star” — into a true “guiding light” for the local market this Monday, creating an unprecedented trading imbalance.  According to the latest Upbit data by CoinMarketCap, daily trading volume in the XRP/KRW pair remains firmly in first place at $319 million, accounting for 21.86% of all activity on the exchange.  Whales Hedge $1.3 Billion in Bitcoin and XRP While Gold Hits Fresh August Highs: Main Crypto News This Morning  Discover more  Digital Currencies  FINANCE  exchange-traded funds  Enormous XRP Short Opened by Wintermute  You Might Also Like  The trading imbalance continues to expand rapidly. XRP alone is absorbing liquidity, comfortably outperforming Bitcoin ($125.33 million), Tether ($179 million) and Ethereum ($92 million), while keeping the industrys biggest heavyweights below it in the top five.  XRP/KRW leads trading volume rankings on Upbit, Source: CoinMarketCap  The current craze is a direct continuation and escalation of Fridays events. During the first half of 2026, Korean traders kept their money in the KOSPI stock market amid the prolonged crypto downturn, actively buying Samsung Electronics

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