Why is XRP Price Up 10% Today?

$XRP is trading at $1.46, up 10% over the past 24 hours, as the broader crypto market rallies with Bitcoin surging above $80,000. Bitcoin is now up $23,000 since its July 1 low, according to The Kobeissi Letter, with the momentum spilling over into altcoins including $XRP.  Adding to the risk-on mood, the Wall Street Journal reported that President Trump is privately weighing whether to formally declare the Iran war over, and reportedly favors the idea. The news comes even as Iran launched a surprise attack on US assets in Kuwait, with no prior US strike, and Washington has yet to respond to Iranian attacks the night before that hit seven US bases across five countries.  A US official cited concerns over surging oil prices and interceptor stockpiles now nearly depleted. Easing war fears appear to be feeding into todays broader crypto rally.  Technically, $XRP broke out from a $1.36 consolidation zone to hit $1.42 and above, with cumulative volume delta data showing buyer pressure reversing sharply from a $4.0 million deficit toward just $1.0 million, pointing to heavy spot and futures accumulation.  Coinbase‘s institutional order flow showed high-volume trades executing throughout the climb from $1.38 to $1.42. Analyst ChartNerd flagged the 50-week EMA

09-04

BitMEX co-founder contributed 75% of Reform UKs donations in Q2 2026

Records from the UK‘s Electoral Commission showed that BitMEX co-founder Ben Delo’s contributions to the countrys Reform party made up about three-quarters of the $7.3 million it received in the second quarter of 2026.  As of Thursday, the Electoral Commission showed that Delo had made two separate contributions to Reform UK of 1 million and 3 million pounds — about $1.3 million and $4 million, respectively — in April. While the political party also received significant contributions from entities and individuals between April and June 2026, Delos donation amounted to 74% of all funds reported in the second quarter.Source: UK Electoral Commission  Nigel Farage, leader of Reform UK, is currently under investigation after receiving millions of dollars worth of donations and gifts from two figures tied to the crypto industry: Christopher Harborne and George Cottrell. The UK lawmaker resigned his position as a member of parliament in July amid the crypto scandal, triggering a controversial by-election that Farage won 63% of the vote, ahead of satirical candidate Count Binface.  The contributions tied to the crypto industry have raised questions from many lawmakers about the influence of digital assets on UK politics. In July, Labour MPs were reportedly considering that a moratorium on crypto

09-04انڈسٹری

Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system

Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH.  Related Company Revolut Banking and payments app  Nearly six months later, that application remains pending, while federal regulators have spent the same stretch conditionally approving or converting bank charters for Circle, Ripple, Coinbase, Paxos, BitGo and several other crypto firms.  Revolut has not been denied, though its application sits under review, and comparing it directly to those crypto approvals misses what each company asked Washington for.  Related Company Circle Global crypto finance company  A national bank wants more  Revoluts application describes a full-service digital national bank supporting deposit accounts, card products, consumer and commercial lending, cross-border payments, and investment and trading services, built to reduce the companys reliance on partner banks.  Related Company Ripple Financial technology and enterprise blockchain company  The company says it serves more than 70 million customers across 40 markets and carries a $75 billion valuation, reached in a November 2025 secondary offering.  That puts the application through every layer of traditional bank review at once. Regulators must weigh capital and liquidity adequate to survive stress, credit underwriting and loss reserves

09-04انڈسٹری

A Too Big to Fail' Bank Is Now Delivering Actual Bitcoin and Ethereum to Institutions

Standard Chartered will now hand institutional clients real Bitcoin (BTC) and Ether (ETH) in the United Arab Emirates. Those clients receive the coins themselves, not a derivative that only tracks the price.  The bank announced the desk on Thursday through its Dubai arm. Only 29 lenders worldwide carry the too big to fail label. Just one of them now delivers coins.  Standard Chartereds Bitcoin Desk Sits Inside a Too Big to Fail Bank  The Financial Stability Board names those 29 banks every year. Its 2025 list puts Standard Chartered in the lowest risk bucket, carrying a 1% capital surcharge.  Sponsored  Sponsored  JPMorgan sits three tiers above it. Citigroup and HSBC sit two. Standard Chartered says no rival G-SIB offers the same deliverable spot service.  The smallest of the systemic banks moved first, not the biggest. Deliverable may be the key word here, seeing as the client ends up holding Bitcoin. This means someone at the bank must move real coins and guard them.  The appeal is the fee stream. The bank earns on the spread, the settlement and the custody, rather than losing that revenue to crypto exchanges.  Why Dubai Got This Before New York  Standard Chartered built the Dubai stack in pieces. Custody came first, in September 2024, with

09-04انڈسٹری

Bitcoin Blasts Past $81,000 as Trump Weighs Ending Iran War

Bitcoin (BTC) reclaimed $81,000 on Thursday as reports suggest the Iran war could be over. Reportedly, Donald Trumps inner circle is advising the president to declare the war officially over, as pressure over midterm elections grows.   Meanwhile, Fed Governor Christopher Waller signaled he could back a September rate hold, further exacerbating the Bitcoin rally.  Bitcoin Price Breaks Out Massive Rally. Source: CoinGecko  Sponsored  Sponsored  Bitcoin Rallies as Iran War Talk Shifts  The Wall Street Journal reported the private talks on Thursday. Trump reportedly thinks economic pressure alone will force Tehran to concede.  However, senior aides warned that more escalation could cost Republicans the November midterm elections.  BREAKING: President Trump is having private discussions with senior aides about potentially declaring the Iran War over, per WSJ.  Aides are reportedly advising President Trump that an escalation of the war beyond recent strikes could cost Republicans the midterm elections.  — The Kobeissi Letter (@KobeissiLetter) September 3, 2026  Bitcoin has traded this war closely, sliding below $77,000 on Tuesday after Trump confirmed fresh strikes near the Strait of Hormuz. So Thursdays bounce fits the pattern.  The oil market, however, read the same day very differently. Brent crude rose toward $98 a barrel. That is a six-week high, not a peace trade.  Sponsored  Sponsored  Bitcoin and Brent Crude Price

09-04انڈسٹری

WikiBit Exchange Exit Scam Risk Report #16 — Hibt: MSB “Sticker Compliance” + 3 Million Users, How Did a “Data Giant” Become a Withdrawal Black Hole?

Introduction: A “Split-Personality” Exchange With Impressive Data and Extremely Difficult Withdrawals  In the previous 15 editions, we investigated a series of exchanges ranging from HashKey to OrangeX. For the 16th edition, we are looking at one of the most “split-personality” platforms in the crypto industry — Hibt.  Its resume sounds almost like a crypto “humblebrag” masterpiece:“Registered in Canada in 2021”“Headquartered in Dubai, with operations across Japan, South Korea, and other regions”“Holding Canadian and U.S. MSB registrations”“470+ cryptocurrencies and 500+ trading pairs”“Ranked among the global top 50 exchanges on CoinMarketCap, with over $1 billion in 24-hour spot trading volume”“90% of assets stored in cold wallets”“200+ professional employees”“Serving more than 3 million users worldwide”  At first glance, this sounds like a platform with the configuration of a top-10 global exchange.  But on the other side:WikiBit rating: 6.06/10, labeled “No Effective Regulation”Trustpilot rating: 2.2/5, with users openly calling it a “SCAM”Some users report that withdrawal applications have remained under review for more than two months, with funds never returned  So how did a “data giant” claiming billions in trading volume become a “withdrawal black hole” in users eyes?  Today, we break it down layer by layer.1. Regulatory Compliance: An MSB Is a “Sticker,” Not a Real License  Hibts “Compliance Package”

09-03گہرا غوطہ

WikiBit Exchange Exit Scam Risk Ranking #15: OrangeX — Can Two “Compliance Stickers” (Czech VASP + US MSB) Cover Up a Screen Full of “SCAM” Allegations?

Introduction: An Exchange with “Schrödingers Compliance”  In the previous 14 editions, we investigated a series of exchanges ranging from HashKey to Echobit. In this 15th edition, we take a deep dive into what appears to be a “compliance packaging expert” — OrangeX.  On paper, OrangeX has an impressive résumé:“Czech VASP license + US MSB registration”“Completed $30 million in funding” ($10 million Series A + $20 million Series B)“Top 50 ranked on CoinMarketCap”“Over $1.5 billion in 24-hour trading volume”“Publicly verifiable Proof of Reserves (PoR)”  Sounds like a rising star in the regulated crypto industry, right?  But on the other side:The Seychelles Financial Services Authority (FSA) issued a public warning on October 15, 2025, stating that OrangeX “is not currently authorized” and “has not submitted any application”;Trustpilot gives OrangeX only 1.4/5, with users repeatedly calling it a “SCAM EXCHANGE”;WikiBits risk assessment shows “no confirmed regulation” and “questionable regulatory status”;Users have reported account freezes, blocked withdrawals, and being forced to sign agreements waiving their rights.  So how can an exchange claiming to hold a “Czech VASP + US MSB dual compliance structure” be publicly questioned by the Seychelles FSA?  Today, we will break it down layer by layer.1. Regulatory Compliance: Two “Compliance Stickers” Shattered by a Seychelles FSA Warning  The

09-03گہرا غوطہ

August's Crypto Market Winners Explode as September Danger Looms

While leading crypto assets like bitcoin, ethereum, solana, and several other top 20 contenders saw gains, massive spikes came from a slew of digital assets. The largest gain was a meme coin known as non-playable coin ($NPC), which is trading for $0.01650 and rising 206% over the last 30 days. The native cryptocurrency of the Helium Network, helium (HNT), surged by 188.70% in the same timeframe.  $NPC, $PROM, $DOG, and $PUMP Join Augusts Breakout Pack  In third place over the 30-day window, the coin associated with the Prometeus Network, prom ($PROM), was also a triple-digit gainer with a rise of 154.09%. This month saw the rise of another meme coin, issued on the Bitcoin blockchain, dog ($DOG), as it rose 96.65%. The meme coin launchpad platform Pump.funs native coin $PUMP jumped 96.15%, and the layer two (L2) coin stacks (STX) managed to rise 88.05%.  $NPC/USD market via Kraken on Sept. 2, 2026. Image source: Tradingview.  Alongside this action, Curve DAO the decentralized autonomous organization (DAO) that governs Curve Finance, saw its native coin CRV spike by 75.48%. This was followed by the digital asset mina protocol (MINA), which logged a 75.48% gain. Rounding out the top ten performers, crypto assets such as convex finance

09-03

Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral

Michael Saylor has roughly one week to orchestrate STRCs return to its $100 par value by his informal Sept. 8 target, but the financial machinery required to close the final gap is running hot.  Despite deploying $635.2 million on aggressive buybacks, Strategys preferred security continues to hover around $97. The company has simultaneously restarted its Bitcoin accumulation after a two-month freeze, signaling confidence that its balance sheet can absorb both demands.  Yet, the path to par has morphed into a highly capital-intensive grind just as a wave of competing Bitcoin-linked yield products hits the market.  Related Person Michael Saylor Executive Chairman · Strategy  The coming days will test more than Saylors 70-trading-day timeline, a target calculated from STRCs latest recovery starting May 28. It will reveal how much more capital the firm is willing to deploy before relying on organic institutional demand to anchor the security.  The final $3 is costing Strategy more  The economics of the buyback campaign have deteriorated steadily as STRC climbs toward par, upending the companys initial strategy.  Related Company Strategy Business intelligence software  When Strategy began repurchasing STRC in July, management outlined a clear tapering framework: deploy more capital at deeper discounts to capture attractive economics, then scale back as the security approached

09-02انڈسٹری

261,555 Hyperliquid (HYPE) Deposited to Coinbase Prime: Are Institutions Selling?

Since Multicoin Capital transferred a significant amount of $HYPE to Coinbase Prime while the asset is trading near its recent highs, Hyperliquid is facing a potentially significant supply event. Over the course of the last 12 hours, Multicoin Capital deposited a total of 261,555 $HYPE, or roughly $21.7 million, to Coinbase Prime, according to on-chain data provided.  Hyperliquid breaks the ceiling  The transfers took place in three batches: 63,235 $HYPE, 101,144 $HYPE, and 97,176 $HYPE. The transactions stand out in particular because of the timing. After an incredible surge from roughly $57 in the second half of August, $HYPE is currently trading at $82.93. The token entered consolidation after recently reaching the $86–$87 range.  $HYPE/USDT Chart by TradingView  The likelihood that coins are being prepared for sale usually increases with large transfers to an exchange-related address. A Coinbase Prime deposit should not be taken as an executed market sale, though. Additionally, prime infrastructure can support OTC, settlement, and institutional custody.  Sell-side liquidity surges  Therefore, rather than being evidence that Multicoin has dumped $21.7 million worth of $HYPE, the transfers indicate increased potential sell-side liquidity. Institutional pressure on $HYPE is close to its peak. The movement is worthwhile to watch because of its technical structure. As buyers

09-02
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