CryptoPotato

Revolut Launches First Euro Stablecoin EURR: Here’s Where It’s Available

🌍 Revolut has launched its first euro-denominated stablecoin, EURR, to select customers in Denmark, Poland, and Portugal, with plans for a broader rollout across the European Economic Area later this year.

🔗 The stablecoin is issued by Bridge, a firm acquired by Stripe, and operates under the EU's Markets in Crypto-Assets framework, ensuring a €1.00 redemption rate per token.

🚀 Revolut is also developing additional currency-denominated stablecoins and aims to enhance the seamless transition between fiat and crypto, eliminating traditional banking friction.

Ripple (XRP) Whales Are Pulling Millions Off Binance: The $2 Level Is Back in Focus

🚀 XRP experienced a brief surge past $1.7 before stabilizing around $1.4, with whale withdrawals from Binance hitting a six-month high of over 231 million XRP, totaling $335 million in a single day.

🐋 The significant whale outflows coincide with a $25 billion increase in XRP's market capitalization over the past week, suggesting a potential test of the $2 level if accumulation trends continue.

📉 Despite the bullish activity, the derivatives market shows short-term pressure on XRP, with long liquidations rising significantly, indicating a bearish trend but potentially setting the stage for a healthier rebound.

2 Important Binance Updates Concerning ETH and Other Altcoin Traders

🔧 Binance will temporarily suspend deposits and withdrawals on the Ethereum network on August 27 for wallet maintenance, expected to last about one hour.

📉 The exchange has announced the delisting of three altcoins—ICON (ICX), Secret (SCRT), and Storj (STORJ)—effective September 3, leading to significant price declines for these tokens.

⚠️ Historical trends show that delistings from Binance often result in sharp price drops due to reduced liquidity and availability, as seen with previous altcoin removals.

Altcoin Volume Dominance Hits Two-Year High as Traders Pour $135B Into the Market

🚀 Altcoins are leading the recent crypto market rally, with a significant surge in trading activity and a $135 billion increase in market capitalization, as investor interest shifts from Bitcoin.

📈 Bitcoin's dominance has dropped to just 21% of trading volume on Binance, while altcoins captured 65%, marking the highest altcoin trading activity in two years.

💥 The 'Altcoin Impulse' reading soared to 93%, indicating a broad market rally, but analysts warn that such high levels may lead to exhaustion or a market reset soon.

Viral Altcoin RAIN Soars 20% Daily: What Fueled the Pump and What’s Next?

🚀 RAIN has surged by 20% to reach an all-time high of nearly $0.02, driven by a community-requested token burn of $108 million and increased market interest.

🔥 The altcoin's recent listing on HyperliquidX, a decentralized exchange, is expected to boost trading volume and attract more investors.

⚠️ Despite its impressive gains, RAIN's holder distribution is concerning, with the top 10 addresses controlling nearly 90% of the supply, raising potential risks for price manipulation.

Bitcoin Whales Have Moved $5B Into BlackRock’s IBIT: Here’s Why

💰 BlackRock has facilitated over $5 billion in Bitcoin-for-ETF-share swaps into its IBIT fund, reducing the minimum transaction size from $25 million to $1 million since July.

🔒 The shift allows investors to maintain Bitcoin exposure while benefiting from a regulated ETF structure, addressing security concerns related to self-custody.

📈 The trend is gaining traction, with other firms like Bitwise and Grayscale also processing in-kind trades, as Bitcoin's price rises above $81,000 and ETF inflows reach significant levels.

Will Bitcoin (BTC) Reach $100K This Quarter? Here’s What 3 AIs Predict

🚀 Bitcoin has surged nearly $20,000 in the past month, fueled by a crypto market rebound linked to changes in US monetary policy, with many users optimistic about a potential rise to $100,000.

🤖 AI chatbots provide mixed predictions: ChatGPT estimates a 25%-30% chance of Bitcoin closing above $100K by Q3's end, while Perplexity sees potential support from regulatory developments, and Gemini remains skeptical, predicting a peak of $88,000.

📉 Some analysts warn of a possible bull trap, with predictions of a significant price drop to as low as $40,000 due to market volatility and liquidity issues.

Bitcoin Price Analysis: Is BTC’s Rally in Trouble After Failing to Reclaim $80K?

🚀 Bitcoin has rebounded sharply from the $60K demand zone, breaking through key resistance levels and approaching the $80K area, although momentum is showing signs of exhaustion.

📈 The daily chart indicates a structural improvement with BTC trading above the 100-day and 200-day moving averages, suggesting a shift from consolidation to a more bullish trend, while the $72K-$74K zone may serve as support if a pullback occurs.

🔍 On-chain analysis shows a positive shift in the adjusted SOPR, indicating that Bitcoin is being spent at a profit again, which historically supports a healthier bullish market structure.

Bitcoin Enters Early Stage of New Bull Cycle, Says CryptoQuant

🚀 Bitcoin (BTC) is showing signs of a potential new bull market, with key indicators from CryptoQuant rising significantly, although further confirmation is needed.

📈 The cryptocurrency surged about 24% to $80,000, bolstered by US Treasury plans for increased bond buybacks and comments from President Trump regarding federal Bitcoin purchases.

⚠️ Despite the bullish momentum, Bitcoin must close above its 365-day moving average of $83,000 for confirmation, while signs of potential selling pressure are emerging from increased exchange deposits and high unrealized profit margins.

Cardano (ADA) Slips 6% in 24 Hours: Healthy Correction or the Return of the Bears?

🚀 Cardano's native token, ADA, experienced a 22% surge over two weeks but faced a 6% decline recently, trading around $0.21 after hitting a three-month high.

🐻 Analysts are divided, with some predicting a potential drop to $0.164 if selling pressure continues, while others see a chance for a rebound to $0.24 or higher if buyers step in.

🌟 Despite the recent pullback, bullish sentiment remains strong, with some analysts forecasting a return to nearly $0.50, suggesting a new bull market may be underway.

Hop in!

Bitcoin (BTC) Rejected at $80K, Ripple’s XRP Plunges Hard as Rally Cools: Market Watch

🚀 Bitcoin surged past $81,000 for the first time in 15 weeks, marking a significant rally that saw it gain over $15,000 in less than 48 hours before correcting slightly.

📉 Major altcoins like XRP and ZEC experienced declines, with XRP dropping over 4% and ZEC plummeting more than 7% despite the launch of Grayscale's ETF.

💰 The total cryptocurrency market cap fell by around $60 billion, now sitting at $2.740 trillion, as many altcoins faced rejections at key resistance levels.

Bitcoin Could Hit $90K – But This Major Test Comes First, Analysts Say

🚀 Bitcoin dipped below $80,000 due to profit-taking by holders, with nearly all investor groups currently in profit, creating a potential barrier for further price increases.

📉 The SOPR Ratio indicates that long-term holders are realizing profits at a higher rate than short-term holders, which could impact Bitcoin's price stability and future movements.

🔍 Analysts suggest that sustained demand and a breakout above $80,000 are crucial for Bitcoin to reach the $88,000-$90,000 range, while the $75,000-$76,000 level is critical to watch for potential declines.

Grayscale’s Zcash ETF Starts Trading on NYSE Arca With a 2.5% Sponsor Fee

🚀 Grayscale's Zcash ETF (ZCSH) launched on NYSE Arca on August 25, marking the first exchange-traded product offering direct exposure to Zcash (ZEC) with a 2.5% annual sponsor fee.

📉 The fund's shares have seen a significant recovery, narrowing their discount to net asset value from 17% in June to just 1% by August 20, with a reported net asset value of $155.2 million.

🔒 Zcash, known for its privacy features and capped supply of 21 million coins, is currently trading near an eight-year high, reflecting growing interest in privacy-focused digital assets.

Ripple (XRP) Just Posted a Huge Network Jump: Here’s the Level That Matters Now

🚀 XRP has surged to $1.76 after weeks of stagnation, now stabilizing around $1.50, driven by a significant increase in network participation.

📈 Active addresses skyrocketed by 654.71% from 47,180 to 356,070, indicating heightened market activity and potential price volatility.

💰 Institutional interest in XRP ETFs has surged, with inflows reaching $18.38 million on Friday, marking the strongest activity since mid-May, as investors respond to favorable market conditions.

Dogecoin (DOGE) Rises 30% in a Week: What Are the Next Targets?

🚀 Dogecoin (DOGE) has surged nearly 30% in the past week, reaching close to $0.09 and solidifying its position as the largest meme coin with a market cap nearing $14 billion.

📈 Analysts are divided on DOGE's future, with some predicting a modest rise to $0.177, while others foresee a potential explosive move towards $3 or even $10, despite the challenges of achieving such high market caps.

🔍 Recent observations of Dogecoin's Bollinger Bands indicate a significant squeeze, suggesting a major price movement could be imminent, although increased exchange inflows hint at potential selling pressure in the short term.

Gemini Signs Apex Letter of Intent to Bring Crypto Event Contracts to Brokerages

🚀 Gemini has signed a non-binding letter of intent with Apex Fintech Solutions to make its subsidiary, Gemini Titan, the exclusive regulated venue for crypto event contracts, enhancing its offerings to brokerage clients.

📈 The partnership allows brokerages to access crypto event contracts through Apex's futures commission merchant, with Gemini providing execution and clearing services, while also enabling collaboration on various market contracts.

⚖️ Despite the promising collaboration, Gemini's prediction market is facing legal challenges, as New York Attorney General Letitia James has sued both Gemini and Coinbase for allegedly operating unlicensed gambling activities.

Cosmos Labs Urges EVM Chains to Halt as KiiChain and TAC Attacks Raise Security Fears

🚨 Cosmos Labs has advised affected networks to suspend operations due to a security incident involving vulnerabilities in the Cosmos EVM module, with KiiChain, TAC, and MANTRA reporting attacks.

🔍 KiiChain identified a significant attack that drained over 148 million KII tokens, linking the vulnerability to flaws in the shared Cosmos EVM module, while also highlighting communication issues regarding security updates.

🛡️ MANTRA and TAC also faced attacks exploiting the same vulnerabilities, prompting emergency halts; however, MANTRA reported no user funds were exploited and resumed operations after addressing the threat.

Bitcoin’s Massive Breakout: Here’s Why Analysts Say This Rally Is Different

🚀 Bitcoin surged nearly 24% last week, closing near $77,700 after hitting a low of $62,750, defying August's historically weak performance.

💰 The rally was fueled by the U.S. Treasury's bond buyback program and significant liquidations of $3 billion in Bitcoin short positions, indicating strong market demand.

🔍 Despite the price increase, on-chain activity remains low, with Bitcoin transfer volumes at eight-year lows, suggesting caution as analysts monitor potential resistance levels around $84,000 to $85,000.

280 Years in Prison Looms for Las Vegas Businessman in Crypto Case

💰 A federal jury convicted Brent C. Kovar of defrauding 400 investors out of $24 million through his crypto investment scheme, Profit Connect, which falsely claimed to use AI for crypto mining.

🚨 Kovar misled investors with promises of high returns and a money-back guarantee, while using their funds for personal expenses and to pay off other investors, leading to charges of wire fraud and money laundering.

⚖️ In a separate case, Japheth Dillman was also convicted for defrauding over 20 investors of nearly $1 million through false claims about a crypto trading fund, facing up to 20 years in prison.