The Crypto Basic

#XRP Tests $1.41 Fibonacci Level as $1.45–$1.51 Resistance Zone Comes Into Focus.
XRP is trading around $1.42 on the chart after advancing from the lower boundary of a descending parallel channel. Price has reached the 0.382 Fibonacci retracement at $1.4074, placing it directly around a key resistance area shown on the chart.
The Fibonacci structure is measured between $1.2522 and $1.7004. Above the 0.382 level, the next two retracement levels are $1.4592 at the 0.5 Fib and $1.5128 at the 0.618 Fib.
XRP Faces Resistance Between $1.45 and $1.51
The chart therefore places XRP’s next resistance pocket between approximately $1.459 and $1.513. The 50-week EMA is also reported near $1.51, putting it close to the 0.618 Fibonacci level.
XRP has spent roughly five weeks consolidating after rebounding from the lower portion of the descending channel. The latest move lifted price from around $1.29–$1.30 to $1.42, bringing it back to the channel’s descending upper boundary.
The broader Fibonacci range identifies $1.7004 as the upper reference level. From the chart price of $1.4206, XRP would need to rise approximately 2.7% to reach $1.4592, 6.5% to reach $1.5128, and 19.7% to revisit $1.7004.
On the downside, $1.4074 is the first displayed Fibonacci level below the current price, while $1.2522 marks the base of the measured Fibonacci range.
The chart therefore defines the immediate technical structure through four principal levels: $1.4074, $1.4592, $1.5128, and $1.7004.
To Reach $1.70
To reach $1.70, the chart shows two major resistance levels in between: $1.4592 (0.5 Fib) and $1.5128 (0.618 Fib). The $1.51 area is particularly significant because the 0.618 Fib coincides with the 50-week EMA cited in the setup.
A sustained move above $1.5128 would place XRP above the highlighted $1.45–$1.51 resistance pocket. From there, the next major level displayed by the Fibonacci structure is $1.7004, approximately 19.7% above $1.4206.
#Crypto

DraftKings shares sank 7.6% Thursday to $22.47, extending its losing streak to three sessions while new Needham data showed Kalshi with a commanding lead in NFL Week 1 prediction-market volume.
The weakness developed during regular trading, not before the open. DraftKings was little changed at $24.38 at 9:29:59 a.m. ET, versus Wednesday’s $24.33 close, before sliding through Thursday’s session; Flutter also fell 5.2%, while the Nasdaq rose 1.7%.
Kalshi’s NFL Lead Raises Competitive Pressure
Needham’s exchange-level analysis of NFL Week 1 showed $14.6 billion of sports-and-parlay prediction-market volume across eight exchanges, matching the first 14 weeks of last NFL season combined. Kalshi accounted for 76% of that volume, while DraftKings’ DKeX exchange accounted for around 3% of both total volume and Needham’s estimated consumer-equivalent handle.
That comparison comes with an important qualification. Needham said exchange data can overstate Kalshi and Polymarket because other operators route activity through their exchanges, while understating DraftKings because it distributes volume across multiple exchanges. The firm expects DraftKings to concentrate more activity on DKeX over time.
The exchange-share data also has a current counterpoint. Stifel’s Jeffrey Stantial reiterated a Buy rating Thursday while emphasizing DraftKings’ parlay capabilities. Stifel said CFTC-regulated single-wager sports volume fell 30% month over month in August to $18.6 billion, while “combo” volume—effectively sports parlays—rose 22% to $18.8 billion. The firm argued that DraftKings and Flutter can compete for market-making flow using their pricing and correlation models and balance-sheet capacity, while cautioning that notional exchange volume can exaggerate parlay activity relative to conventional handle.
Meanwhile, the regulatory environment for prediction markets continued to evolve Thursday. In a new no-action position for passive software providers, CFTC staff said it would not recommend enforcement over introducing-broker or associated-person registration solely for qualifying software that facilitates trading through registered intermediaries and designated contract markets.
The regulatory picture is not one-directional. A day earlier, the 9th U.S. Circuit Court of Appeals blocked Kalshi from offering sports-event contracts on two California tribal lands, finding the tribes were likely to prevail on claims involving federal Indian gaming law and tribal ordinances. The case underscores that prediction markets are expanding while their regulatory boundaries remain contested.
DraftKings’ Prediction Push Meets a Profitability Test
DraftKings entered football season already committing substantial resources to Predictions. In its second-quarter results, the company said revenue fell 5% year over year to $1.443 billion, mainly because of customer-friendly sports outcomes and greater promotional reinvestment in Sportsbook and Predictions.
Management nevertheless maintained 2026 revenue guidance of $6.5 billion to $6.9 billion and adjusted EBITDA guidance of $700 million to $900 million, while saying the core business remained on track for roughly $1 billion of adjusted EBITDA.
The stock initially rallied after those results. DraftKings released them after the Aug. 6 close of $22.17, and shares jumped 8.4% to $24.03 on Aug. 7. DraftKings shares then climbed to $26.14 by Aug. 14.
That recovery then encountered another company-specific development. On Aug. 17, DraftKings launched a proposed $600 million term loan B and a new $750 million revolving credit facility, with term-loan proceeds intended partly to repurchase convertible notes due in 2028. Shares fell 2.2% in morning trading following the announcement and closed 3.2% lower at $25.30; they dropped another 5.0% the next session to $24.04. The company later closed an upsized $700 million term loan alongside the $750 million revolver.
The earnings-window analyst response was mixed. Benchmark raised its price target to $30 from $29 while maintaining a ‘Buy’ rating, while JPMorgan cut its target to $33 from $34, Guggenheim to $33 from $35, and Barclays to $34 from $35, with all three retaining their positive ratings.
Guggenheim said its reduction followed updated estimates incorporating DraftKings’ second-quarter results and reaffirmed its 2026 outlook. Citi subsequently moved in the other direction, raising its target to $32 from $30 while keeping ‘Buy’ and arguing that prediction markets could expand DraftKings’ addressable market.
Thursday’s $22.47 finish leaves DraftKings only about 1.4% above its Aug. 6 pre-earnings close, but about 14.0% below its Aug. 14 rebound close of $26.14, after three consecutive losing sessions.
DKNGx Extends DraftKings Exposure Beyond the Nasdaq Session
Kraken lists tokenized DraftKings as DKNGx for eligible clients in supported markets. Kraken says each DKNGx token is backed 1:1 by DraftKings shares held by a third-party custodian, but owning the token does not constitute direct ownership of the underlying DKNG share or provide shareholder rights.
Kraken’s broader xStocks service supports 24/5 trading, allowing tokenized exposure outside traditional U.S. equity hours. That token-market activity remains distinct from Nasdaq trading and should not be treated as a prediction of DraftKings’ next regular-session opening price.
DraftKings’ official investor calendar currently shows its Aug. 7 Q2 earnings call as the latest listed event, so the company has not posted a confirmed Q3 earnings date there.
Investor Takeaway
DraftKings’ Thursday slide puts the focus on whether its nationwide Predictions expansion can convert NFL-season demand into attractive economics while Kalshi holds a large exchange-volume lead.
The counterweight is DraftKings’ established sportsbook and parlay infrastructure, alongside management’s maintained 2026 profitability guidance. Upcoming NFL-week activity and regulatory developments should provide the next measurable tests.
#CryptoNewss

Micron Technology shares jumped 5.5% to $977.50 on Thursday, putting the stock back above its pre-Monday level as tight memory supply returned to the center of the semiconductor trade.
The rebound now meets a company-specific labor test in Taiwan, where Friday is one of two key mediation dates, and unions have warned they could move toward a strike vote if Micron fails to produce a concrete profit-sharing proposal.
Micron Erases Monday’s AI-Slowdown Selloff
Micron fell 5.25% to $924.03 on Monday as calls from several AI-industry leaders for slower AI development pressured chipmakers. By Thursday’s close, the stock had climbed back to $977.50, about 0.2% above its Sept. 11 close of $975.26, effectively erasing the net loss from the week’s initial AI-slowdown shock, according to Micron’s historical closing prices. Reuters reported that the Monday decline came as AI-slowdown warnings broadly hit semiconductor shares.
Thursday’s move was not isolated. Intel gained 7.7%, AMD rose about 6.5%, and SanDisk advanced 6.2% during a broad semiconductor rebound, while falling oil prices and Treasury yields also supported the wider market. Micron also had a memory-specific tailwind after Intel CEO Lip-Bu Tan warned that memory capacity remained constrained and supply pressure could persist into next year.
That supply backdrop matters because Micron’s recent earnings have been built on unusually strong memory pricing and margins. Micron’s fiscal third-quarter results showed revenue of $41.46 billion and a non-GAAP gross margin of 84.9%, followed by guidance for roughly $50 billion of fourth-quarter revenue and an approximately 86% gross margin.
Wall Street is also focused on how long the memory shortage can last. Goldman Sachs maintained a “Neutral” rating and $1,100 target on Sept. 11, expecting another strong quarter because of tight DRAM and NAND conditions while flagging longer-term supply additions, particularly from China. TD Cowen’s Krish Sankar, by contrast, reiterated a “Buy” rating and $1,600 target this week, arguing that Micron appears further along in margin expansion than in the underlying demand cycle.
Taiwan Labor Dispute Puts Supply Risk Back in Focus
The same tight-supply story that helped Micron shares Thursday increases the significance of its Taiwan labor dispute. According to Reuters’ report on Micron’s Taiwan labor dispute, unions representing more than 80% of Micron’s roughly 15,000 Taiwan employees are seeking a permanent system allocating 15% of operating profit to employees. Union representatives said that if Micron does not present a concrete proposal during the Sept. 18 and Sept. 21 process, they could declare negotiations broken down and move toward a strike vote.
No strike had been called, and production had not been affected in Reuters’ latest confirmed report. Friday marks the Taichung union’s scheduled first mediation session, while further mediation involving the Taoyuan union is scheduled for Sept. 21. A Friday-morning status review found no confirmed strike announcement or production interruption.
Taiwan is nevertheless a critical Micron manufacturing center for DRAM and high-bandwidth memory, meaning an eventual work stoppage could matter more while memory supply is already constrained. Micron has said it remains committed to participating in mediation in good faith.
The dispute continued even after Micron announced fiscal-2026 rewards worth 35 to 68 months of pay for Taiwan direct labor employees. The union has argued that those awards are one-off compensation rather than the permanent, transparent profit-sharing structure it is seeking. Reuters detailed Micron’s Taiwan compensation package.
Tokenized Micron Market Remains Active
Separately, Micron’s tokenized counterpart remains active on Binance. Binance officially opened MUB/USDT Spot trading in June, establishing MUB as an active bStock linked to Micron.
At the latest check on Friday morning, Binance’s MUB/USDT Spot market showed MUB at $992.49.
MUB trades in a different market and measurement window from Micron’s Thursday 5.5% regular-session gain, so the figures should not be treated as directly equivalent. Binance states that MUB is a bStock issued by BTech Holdings representing an interest in underlying securities rather than direct ownership of Micron shares.
Micron’s next confirmed financial catalyst comes Sept. 30, when the company will hold its fiscal fourth-quarter earnings call at 2:30 p.m. Mountain time. Micron confirmed the Sept. 30 earnings date in August.
Investor Takeaway
Micron’s 5.5% Thursday rally restored the stock to roughly its pre-Monday level as attention swung back from AI-spending concerns toward memory scarcity. The Taiwan dispute now tests that supply narrative from another direction, with the Sept. 18 and Sept. 21 mediation process preceding any potential strike vote and Micron’s Sept. 30 earnings providing the next confirmed financial update.
#CryptoNewss

#Cardano founder Charles Hoskinson says the U.S. Senate’s failure to advance the Digital Asset Market Clarity Act (CLARITY Act) confirmed his prediction.
For context, during the Senate’s September 15, 2026, procedural vote, the bill fell short of the 60 votes needed to advance. All Democrats and four Republicans voted against the measure.
Following the vote, Hoskinson briefly reiterated his earlier warning, stating, “As predicted.”
He had made the prediction days earlier during his Devs versus Builders livestream, where he argued that the cryptocurrency industry had weakened its political standing by becoming increasingly associated with celebrity-themed tokens, meme coins, and speculative activity.
As a result, Hoskinson argued that the political environment was not conducive to advancing comprehensive crypto legislation. The Senate’s failure to advance the CLARITY Act ultimately aligned with Hoskinson’s prediction, which he said he had consistently made for more than a year.
Hoskinson Explains Why the Bill Failed
In a follow-up livestream, Hoskinson offered a broader explanation for what he believes contributed to the legislation’s failure.
His central argument was that lawmakers tried to address too many complex cryptocurrency issues through a single, wide-ranging bill without first building the bipartisan consensus needed to move it through Congress.
He contrasted that approach with his experience working with lawmakers in Wyoming, where he cited the Stem Cell Freedom Act as an example of legislation that passed both chambers without a single opposing vote. According to him, the difference was extensive consultation, negotiation, and coalition-building before the bill reached the final stage.
Crypto Regulation Requires Broader Consultation
He also criticized the limited consultation with jurisdictions that have already established cryptocurrency regulatory frameworks.
He pointed to Europe, Japan, South Korea, Vietnam, Abu Dhabi, Dubai, Switzerland, the Cayman Islands, the British Virgin Islands and the Crown Dependencies as examples lawmakers could have studied.
In particular, he suggested examining Europe’s Markets in Crypto-Assets (MiCA) regulation alongside frameworks developed by jurisdictions such as the Abu Dhabi Global Market (ADGM).
From his perspective, studying these approaches could have helped lawmakers identify regulatory models that had already been tested elsewhere.
Break Crypto Regulation Into Separate Areas
Moreover, Hoskinson argued that lawmakers should have addressed cryptocurrency regulation in separate components rather than attempting to establish a comprehensive framework in one step.
Those areas could include stablecoins, digital securities, commodities, custody, taxation, and decentralized finance (DeFi). According to him, separating these issues could make it easier for lawmakers to resolve individual regulatory questions and build bipartisan agreement around each area.
Need for Clearer Asset Definitions
Hoskinson also argued that the legislation needed clearer definitions for digital securities and a more modern approach to existing securities laws.
Rather than broadly classifying crypto assets as commodities, he believes lawmakers should establish clearer distinctions between different types of digital assets and determine which regulatory framework should govern each category.
He also questioned whether the Commodity Futures Trading Commission (CFTC) has sufficient personnel, authority, and resources to oversee a cryptocurrency market that could eventually be worth trillions of dollars.
Bipartisan Support Remained Important
Beyond the technical regulatory questions, Hoskinson emphasized the importance of maintaining bipartisan support throughout the legislative process.
He also pointed to political and ethical concerns surrounding crypto activities involving members of the administration, arguing that such issues have become part of the broader debate and made bipartisan consensus more difficult to achieve.
Overall, Hoskinson’s explanation goes beyond the final Senate vote. In his view, the CLARITY Act failed because lawmakers attempted to tackle a broad range of complicated cryptocurrency issues without first establishing sufficient consensus, consultation, and clarity around the individual regulatory questions.
#CryptoNewsCommunity

XRP Prints Historic RSI Extreme as Price Tests Long-Term Rising Structure.
XRP is trading around $1.30 on the two-week XRP/USD chart after retreating significantly from its 2025 highs above $3. The decline has brought price back toward the lower boundary of a multi-year ascending structure while momentum has recorded an extreme reading.
XRP’s Two-Week RSI Hits a 13-Year Extreme
The chart marks 33.52 as the recent RSI low, the lowest level displayed across approximately 13 years of XRP history. This reading falls below the RSI lows shown during the 2018 bear market, the March 2020 crash, and the 2022 bear market.
RSI has since rebounded to approximately 43.78, indicating that momentum has recovered from the extreme low even though XRP remains well below its 2025 peak.
XRP Trades Near Long-Term Rising Support
Despite the decline toward $1.30, XRP remains positioned around a rising support trendline extending across several market cycles. The latest candles are clustered close to this lower boundary rather than near the upper portion of the long-term channel.
The chart also highlights the 2017–2018 period, when XRP broke out from an earlier compressed structure before its major historical advance. This is a structural comparison only; the current formation and market conditions are different.
Latest XRP Candles Show Stabilization
The latest five two-week candles show smaller bodies following the larger decline from the 2025 highs. Lower-wick activity around the recent lows indicates buying responses, while upper wicks on rebounds show that selling pressure remains present at higher prices.
Price has therefore shifted from a steep decline into a more compressed structure around the long-term trendline.
Wyckoff Structure Remains in a Testing Phase
From a Wyckoff perspective, the chart currently fits a potential re-accumulation/testing structure rather than confirmed markup. XRP has returned to major structural support following its 2025 expansion, but the recent candles have not yet established a sustained sequence of higher highs and higher lows.
The key data shown on the chart are therefore straightforward: XRP near $1.30, two-week RSI at 43.78 after reaching a historic 33.52 low, price near long-term rising support, and short-term candles showing compression following the 2025–2026 decline.
Together, these features show XRP at a significant long-term structural test, with momentum recovering from its deepest RSI reading displayed on the chart.
#CryptoNewss

Shiba Eternity Advisor Mazrael says #Shiba Inu has made significant progress toward gaining broader access to regulated exchange-traded products.
Mazrael made the remarks while responding to a Shiba Inu community member seeking an update on the possibility of a U.S. SHIB ETF.
In response, Mazrael acknowledged that Shiba Inu still lacks a dedicated U.S. spot ETF. Nonetheless, he pointed to developments across the United States, Europe, Japan, and Canada as signs that SHIB is gradually moving closer to that milestone.
SHIB Gains Exposure Through T. Rowe Price’s ETF
Mazrael identified the T. Rowe Price Active Crypto ETF (TKNZ) as one of the most significant developments for SHIB.
T. Rowe Price launched TKNZ on NYSE Arca on July 16, 2026, as an actively managed, multi-token spot crypto exchange-traded product. Instead of tracking a single cryptocurrency, the fund selects assets from an eligible universe and can hold a basket of digital assets.
Notably, SHIB appeared among the eligible assets listed in the fund’s July prospectus. This gives institutional investors a regulated U.S. investment vehicle that can potentially provide exposure to SHIB. However, SHIB was not among the assets featured at the fund’s initial launch.
Europe and Japan Expand Regulated SHIB Access
Meanwhile, Mazrael highlighted Valour’s SHIB ETP in Europe, which trades under the ticker 1VBS on the Spotlight Stock Market.
He also pointed to SHIB’s regulated spot access in Japan through Nomura’s Laser Digital following registration with the Japanese Financial Services Agency. Although the Japanese product is not an ETF, Mazrael considers the listing another important step toward expanding regulated investment access to SHIB.
Furthermore, Mazrael noted the growing availability of SHIB derivatives in Canada. Regulatory filings confirmed the certification of Shiba Inu-related futures products in 2026, including a SHIB/USD futures product and a SHIB perpetual futures contract.
More recently, Coinbase’s regulated futures operation added SHIB to its crypto derivatives offerings for eligible Canadian clients.
While futures differ from spot ETFs, Mazrael believes their availability further demonstrates SHIB’s expanding presence within regulated financial markets.
SHIB Is Taking a Different Route From Dogecoin
Mazrael also compared SHIB’s progress with Dogecoin’s path to the ETF market.
According to him, Dogecoin reached the dedicated spot ETF market before Shiba Inu. However, SHIB has followed a different route by gradually building eligibility, ETP exposure, regulated spot access, and derivatives infrastructure across multiple jurisdictions.
Therefore, although Shiba Inu still lacks a dedicated U.S. spot ETF, Mazrael believes the groundwork for such a product is increasingly taking shape.
“No ETF yet. But well on track,” Mazrael remarked.
#Cryptonews

#Cardano founder Charles Hoskinson has reacted to the reported theft of 4,000 Bitcoin from the Liquid Network’s federation wallet.
Liquid confirmed the incident in an X post yesterday, stating that hackers siphoned approximately 4,000 Bitcoin worth $320 million from its federation wallet. According to the network, the attackers moved the funds through the SideSwap Peg-out Authorization Key (PAK) service.
However, Liquid and SideSwap both indicated that the PAK itself was not compromised. Instead, SideSwap said the L-BTC involved in the transaction originated from a vulnerability in Elements, the Bitcoin-derived software that powers the Liquid sidechain.
Following the incident, Liquid disabled its bridge nodes and paused network activity while federation members investigated the breach. Meanwhile, exchanges received notifications and began pausing, or preparing to pause, L-BTC deposits and withdrawals.
The transaction also contained an OP_RETURN message, in which the attackers, who claimed to be white hats, requested on-chain contact.
Hoskinson Warns of AI-Driven Cybersecurity Risks
Reacting to the incident, Hoskinson used the breach to highlight what he sees as a growing cybersecurity threat from artificial intelligence.
He argued that formal methods may provide one of the strongest defenses against increasingly capable AI-driven attacks. As AI systems become better at analyzing source code, identifying vulnerabilities and automating sophisticated attacks, blockchain developers face an increasingly narrow window between the discovery of a software weakness and its exploitation.
AI has already begun changing the cryptocurrency security landscape by helping attackers identify potential targets, analyze complex code, and automate phishing and social-engineering campaigns. The reported Coldcard hack, which involved the theft of $130 million worth of Bitcoin, has further fueled concerns about how advanced AI tools could make difficult vulnerabilities easier to identify and exploit.
Against this backdrop, Hoskinson argues that conventional testing alone may no longer provide sufficient protection. Instead, he points to formal methods, which use mathematical specifications and proofs to establish whether software behaves according to its intended design.
Cardano’s Emphasis on Formal Verification
Hoskinson’s warning also aligns with Cardano’s long-standing emphasis on mathematically rigorous blockchain development.
Cardano’s development philosophy incorporates academic research, peer review, and formal verification as important components of its security approach. Its Ouroboros consensus protocol, for example, emerged from formal academic research, while the broader ecosystem has emphasized proving critical properties of protocols and software rather than relying exclusively on experimental testing.
This approach supports Hoskinson’s argument because formal verification seeks to mathematically demonstrate that specified properties hold. As a result, developers can potentially identify entire classes of vulnerabilities before deploying code to production.
Cardano also relies on functional programming technologies such as Haskell and Plutus. Their strong type systems and mathematical foundations can help developers detect certain categories of programming errors earlier in the development process.
Notably, Cardano’s approach aims to prevent vulnerabilities before they reach production rather than relying solely on testing and conventional security practices.
#CryptoNewsFlash

#XRP has pulled back from the $1.69 high reached during its August rally, but its 4-hour chart still shows a bullish Break of Structure (BoS).
Notably, XRP rose 71.8% from $0.988 to $1.698 in August before the current pullback began. The decline has already erased about 20% of the August high, as the price now trades just above the EMA21 at $1.4020.
This level could help determine whether the pullback stays limited or turns into a steeper decline.
XRP Maintains Bullish BoS
The 4-hour chart shows that XRP formed a bullish BoS 23 bars ago after breaking above $1.4335. This move gave buyers control of the short-term trend, but the recent decline has brought the price back to the EMA21 at $1.4020. The EMA55 at $1.3884 now provides another support level below the EMA21.
Meanwhile, XRP’s Bollinger Bands range from $1.3607 to $1.4433. XRP currently sits in the lower half of this range, but this alone does not point to a reversal. Instead, the price action could simply undergo a period of consolidation within the wider 4-hour uptrend.
The chart leaves the $1.4835 swing high as the next major level to watch. XRP has not tested this level since forming the bullish BoS. As a result, a move toward it would give buyers a chance to complete the next major test in the current structure.
Important XRP Demand Zone
The area around the EMA21 at $1.4020 and the $1.4335 BoS level features an important support zone for the current structure.
Below it, the $1.35–$1.38 region could provide further support. Market analyst Ali Martinez previously identified this area as a major demand zone, with about 3.2 billion XRP changing hands there.
If XRP loses the EMA21, the price could first move toward the EMA55 at $1.3884. Further weakness could then bring the $1.35-$1.38 demand zone into focus. However, a move back above $1.4335 would strengthen the bullish setup and increase the chances of a retest of $1.4835.
XRP ETFs Keep Drawing Fresh Capital
XRP’s price has declined from its August high, but spot XRP ETFs have continued to attract capital. US spot XRP ETFs recorded $110.49 million in inflows during the week ending Aug. 28, marking their strongest weekly inflow of 2026.
The funds extended their inflow streak to 11 straight trading sessions, bringing in roughly $170 million during that period. The continued inflows as XRP declined suggest that investors are still adding exposure as the market works through its recent correction.
Despite Goldman Sachs confirming about $87.4 million in XRP ETF exposure as of the second quarter, retail investors still account for nearly 84% of XRP ETF inflows, which leaves room for greater institutional participation.
XRP Needs to Reclaim $1.4335
Essentially, the bullish setup needs XRP to close a 4-hour candle above $1.4335. Such a move would show that buyers have reclaimed the BoS level and could clear the path toward the $1.4835 swing high.
If XRP breaks above $1.4835, the next major target would be the $1.6999 August high. However, the structure also has a clear level that would weaken the bullish case.
A 4-hour close below the EMA55 at $1.3884 would put the current structure under pressure and could indicate that the bullish setup has failed.
#CryptoNewsCommunity

American media personality Alex Jones has warned that proposed changes to the financial system could eventually give governments greater control over privately held assets, including #XRP .
During a recent broadcast, Jones linked discussions surrounding centralized financial ledgers, bank bail-ins, and the mobilization of household savings to a broader concern about government intervention in private wealth. He suggested that regulators could eventually develop mechanisms to control citizens’ assets during a severe financial crisis.
Jones specifically raised the possibility that authorities could target digital assets such as XRP. He compared the potential scenario with the U.S. government’s restrictions on private gold ownership in 1933, arguing that digital assets could face similar intervention under extraordinary circumstances.
However, his comments have faced strong criticism from members of the XRP community, who argue that the claims lack supporting evidence.
XRP Community Challenges Jones’ Claims
XRP community figure Moon Lambo dismissed Jones’ warning as “conspiracy theory nonsense,” arguing that there is no established U.S. government plan to confiscate XRP.
According to Moon Lambo, forcibly taking XRP from American investors would undermine confidence in the digital-asset market and could trigger panic selling. He further argued that such a move could deprive the United States of a significant source of retail and institutional capital.
Moon Lambo also challenged Jones’ comparison with the 1933 gold restrictions. He pointed out that the U.S. operated under a gold-standard monetary system at the time, whereas the modern U.S. dollar is a fiat currency. Therefore, he argued, the government has no comparable monetary requirement to acquire XRP.
Aussie XRP likewise labeled Jones’ claim pure FUD, stressing that the government cannot simply confiscate XRP held in a self-custody wallet. Meanwhile, Jacob Metzger took a more evidence-focused position. He challenged Jones and others making similar claims to identify the specific law, policy, or government document that would authorize regulators to seize people’s XRP, homes, or bank accounts.
Self-Custody Remains a Key Point
Digital Ascension Group Chairman Jake Claver also questioned the timing of Jones’ comments, while an XRPL dUNL validator Vet emphasized that self-custodied XRP remains under the control of whoever possesses the corresponding private keys.
The validator also rejected the characterization of XRP as exclusively a “bank asset.” Instead, he noted that the XRP Ledger is open-source and available to anyone.
Furthermore, financial authorities such as the U.S. FDIC do not have an established legal framework that simply allows them to seize privately held digital assets. Similarly, claims about authorities intervening in Ripple’s locked XRP escrow holdings have faced legal scrutiny, with those escrows operating through predefined mechanisms rather than giving regulators direct control over privately held XRP.
Jones Clarifies His XRP Comments
Amid the backlash, Jones has since clarified that his concerns are focused more broadly on vulnerabilities within the financial system rather than on XRP itself.
Jones explained that viewers had initially asked whether governments could seize XRP during an extreme economic crisis. In response, he said his primary concern was the potential use of emergency government powers, including bank bail-ins, and whether authorities could target different forms of private wealth if the traditional financial system came under severe pressure.
As a result, his clarification shifts the focus from a specific prediction that the government will confiscate XRP to a broader warning about how emergency financial powers could affect private assets during a systemic crisis.
Despite the controversy, some XRP proponents believe Jones’ comments could ultimately benefit the asset by exposing it to a much larger audience. Jones has a massive following of roughly 4.4 million users on X, meaning his discussion of XRP reaches an audience far beyond the cryptocurrency community.
#CryptonewswithJack

Hyperscale Data has shut down Bitcoin mining at its Michigan facility to make way for an AI data center customer, with the company’s BTC holdings now about 79% below the level cited in late July.
The company said Wednesday that it shut down all miners at the site following an inspection by the unidentified California-based neocloud provider. The company intends to sell the mining equipment associated with the Michigan operation.
The shutdown advances Hyperscale’s plan to convert the facility from Bitcoin mining to AI infrastructure. Its customer has committed to 20 megawatts of computing capacity under a master services agreement with an initial 10-year term and two optional five-year extensions.
Hyperscale estimates that the agreement could generate more than $1.2 billion in revenue if the customer exercises both extensions, taking the contract to its maximum 20-year term. The customer also has an option for another 32 MW, which could push total contract revenue above $3 billion if exercised and maintained through the extensions.
Hyperscale said the planned expansion has not been finalized and remains subject to funding, regulatory clearances, and other uncertainties. The company ultimately expects the Michigan site to support about 340 MW of power capacity.
Bitcoin Sales Help Fund Michigan Conversion
Hyperscale is partly financing the Michigan redevelopment by drawing down its Bitcoin treasury.
The company reported holdings of about 1,006 BTC on July 30, when it had also sold 100 BTC. Hyperscale also raised $5.1 million by selling roughly 65 BTC during the week through Aug. 30. It said the proceeds would help fund work at the Michigan site.
BitcoinTreasuries.NET lists the company with 215 BTC valued at about $16.7 million. Compared with the July figure, that represents a decline of about 79%. The platform ranks Hyperscale 84th among the public companies it tracks.
Hyperscale Shares Fall to Split-Adjusted Record
The operational shift comes as Hyperscale’s shares trade near record lows.
The company’s NYSE American-listed stock fell about 17% on Wednesday, closing at $0.1984 after reaching $0.1934 intraday, according to Yahoo Finance data. The closing level marked a split-adjusted record low.
The move came shortly after Hyperscale completed a reverse stock split at a ratio of one share for every five shares outstanding. Trading on the adjusted share basis began Aug. 25, according to a filing with the U.S. Securities and Exchange Commission (SEC).
#CryptoNews🚀🔥V

The US Justice Department said an international operation involving European law enforcement and private-sector partners disrupted Sality’s operations, cutting the malware network off from its operator. Sality had been linked to cryptocurrency theft and other cyberattacks.
The Justice Department said Tuesday that authorities in Bulgaria, Hungary and Romania participated in the effort alongside CrowdStrike and the Shadowserver Foundation. According to US officials, the malware network had been infecting devices and deploying malicious software since 2003.
EggJagger Redirected Crypto Payments
Over the previous eight years, Sality’s operator used a clipjacking tool known as EggJagger to steal at least 12.1 million rubles, equivalent to roughly $150,000 in cryptocurrency, according to CrowdStrike.
EggJagger monitored device clipboards for cryptocurrency wallet addresses and replaced them with addresses controlled by the operator. As a result, payments could be redirected when victims copied Bitcoin or Ethereum addresses before making transfers.
CrowdStrike said the value of stolen digital assets that remained unspent peaked at about 147 million rubles, or roughly $1.35 million, in January 2025.
Disruption Cuts Operator Off From Infected Computers
The operation severed the Sality operator’s ability to communicate with compromised machines, according to CrowdStrike.
More than 15,000 infected computers were part of Sality’s peer-to-peer botnet. The bots checked every 40 minutes whether known peers remained online, allowing machines within the decentralized network to communicate directly with one another.
CrowdStrike said the disruption isolated those infected machines from the operator, preventing them from receiving new payload instructions or direct payload transfers.
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