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

The #XRP perpetual and spot CVDs have recently recorded massive declines amid selling pressure, but there may be a silver lining.
XRP is showing an unusual level of calm as traders continue to cut their leveraged positions and spot-market selling remains high. The asset currently trades at $1.32, up 3.14% on the day, while holding key support. The broader crypto market also gained ground after Wednesday’s quarter-point Federal Reserve rate hike and Thursday’s SEC approval of a blockchain-based stock trading pilot.
Bitcoin (BTC) moved back above $78,000, while Ethereum (ETH) held above $2,500. XRP, meanwhile, stayed between $1.28 and $1.33, a range it has held for much of the past week after falling roughly 4% from a recent high around $1.42.
The price movement looks calm at press time, but data from the futures and spot markets shows that traders have made much larger moves beneath the surface.
XRP Leverage Drops Three Times Faster Than Price
Binance data shows that traders are reducing leverage. Notably, XRP open interest on the exchange fell from about $323 million on Aug. 22 to roughly $219 million by Sept. 17. That amounts to a 32% drop in less than four weeks.
XRP’s price declined by only about 11% over the same period, indicating that Open Interest fell almost three times faster than the price.
This suggests that traders have closed leveraged positions at a much faster rate than XRP has fallen, rather than the decline coming mainly from traders opening new short positions.
Data from the broader derivatives market shows the same trend. XRP’s total derivatives open interest dropped from roughly $1.13 billion in mid-August to about $871 million by Sept. 17, representing a decline of more than $250 million in less than a month.
Spot Selling Pushes XRP CVD to New Lows
The selling pressure has also spread into the spot market. Binance’s Perpetual CVD, which measures the difference between aggressive buying and selling in the futures market, fell from around -$361 million to -$1 billion over the same period, giving the indicator its weakest reading from July through September.
Spot markets recorded a larger change. Estimated Spot CVD across major centralized exchanges dropped from about -$111 million to -$2.1 billion, also reaching its lowest point during the July-to-September period. This represents a nearly $2 billion change toward stronger spot selling.
The move was more than three times larger than the roughly $639 million decline in perpetual CVD. This shows that selling has not come only from traders using leverage. Spot-market participants have also sold large amounts of XRP, either taking profits or reducing their losses.
Less Leverage Could Give XRP Room to Recover
Falling open interest and deeply negative CVD give XRP a mixed market trend. Traders have reduced their positions, but aggressive sellers still control much of the market flow.
Notably, the smaller derivatives market could limit the amount of leverage available to drive another sharp decline. Also, a lower open-interest base means fewer highly leveraged long positions remain vulnerable to forced liquidations if XRP falls again.
If short positions take up a larger share of the remaining open interest, funding rates could move toward neutral or even negative levels. This could create conditions for a short squeeze if buying demand returns.
XRP’s recent price action also shows some stability. The token has stayed above its 20-week EMA around $1.29 despite the large drop in leverage. A daily move above $1.40 could put the $1.60-$1.70 range in focus. However, a close below $1.29 could push attention back to the psychologically important $1.00 level.
#CryptoNewsFlash

Advanced Micro Devices shares were up 1.5% at $553.35 around 6:40 a.m. ET Friday after jumping 6.4% Thursday, extending a three-session rebound from Monday’s AI-led semiconductor selloff. Ondo’s AMDon token was meanwhile trading near $554 on MEXC.
The recovery has not been isolated to AMD. The Philadelphia Semiconductor Index rose 3.1% Thursday, while Intel gained 7.7%, Arm 8.6% and Micron 5.5%, showing that much of the rebound has been sector-wide. Friday’s backdrop remained supportive, with Nasdaq 100 futures up 0.56% early in the session as falling oil prices eased inflation concerns.
Demand Commentary Strengthens AMD’s Recovery
AMD also has company-specific support behind the broader semiconductor rebound. Piper Sandler reiterated an “Overweight” rating and $600 price target this week after AMD’s third-quarter pre-quiet-period call, with analyst David O’Connor saying CPU and GPU ramps remained on plan and demand continued to exceed available supply. The firm said available supply was sufficient to support AMD’s existing guidance and potentially more. Piper’s post-call assessment focused on Helios, Venice CPUs, and supply conditions.
That commentary arrived immediately after a sharp change in sentiment toward AI hardware. AMD closed at $493.41 on Monday as calls by leading AI executives for slower model development triggered a global chip selloff. The stock then rose in each of the next three regular sessions, closing Tuesday at $504.20, Wednesday at $512.50 and Thursday at $545.09. Friday’s $553.35 premarket quote leaves AMD about 12.1% above Monday’s close.
There was no new AMD investor-relations press release Friday; the company’s latest IR release remains its Aug. 31 Cisco/HUMAIN update. However, reports published early Friday said AMD had notified customers of roughly 10% price increases in the fourth quarter for AI accelerators, consumer GPUs and motherboard chipsets, with higher TSMC costs cited as the driver. AMD had not publicly confirmed the report. Friday’s backdrop therefore includes both the broader semiconductor rebound and fresh, but unconfirmed, AMD-specific pricing news, alongside Piper Sandler’s demand commentary.
The Bigger Test Is Turning Demand Into Results
The rebound also changes the picture from AMD’s last earnings reset. AMD reported record second-quarter revenue of $11.54 billion, up 50% year over year, with Data Center revenue more than doubling to $6.7 billion. Management said EPYC demand was accelerating, Instinct deployments were scaling, and Helios was beginning to ramp.
AMD nevertheless fell 7.0% in the next regular session, from an Aug. 4 close of $518.58 to $482.05, as investors demanded a larger AI payoff despite better-than-expected guidance. Reuters reported at the time that elevated expectations and supply constraints were central concerns.
AMD’s $553.35 premarket price is about 6.7% above its Aug. 4 regular-session close before the earnings release, effectively recovering that post-report reset. The operating tension has not disappeared: AMD’s official third-quarter outlook calls for roughly $13 billion of revenue, up about 13% sequentially, so execution on the supply and product ramps highlighted by Piper remains important.
AMD currently has no future investor event formally scheduled on its IR calendar. The confirmed operating roadmap remains the Helios ramp: AMD said in July that Helios rack-scale systems were already in production for large AI deployments, keeping execution against that ramp and the $13 billion Q3 revenue outlook at the center of the next fundamental update.
AMDon Tracks the Rebound in a Separate Market
According to CoinGecko, Ondo’s AMDon token was trading around $553.69 on MEXC early Friday, with roughly $315,000 in 24-hour volume on the pair. Other active markets were also quoting AMDon around $553 to $554.
The token trades in a different market from Nasdaq-listed AMD, so its price action covers a separate trading window. Ondo says its tokenized stocks provide economic exposure to the underlying securities, including the economic effect of reinvested dividends, but the tokens are not themselves shares of the listed companies and do not give holders the right to receive the underlying stock.
Investor Takeaway
AMD has reversed Monday’s AI-driven selloff as both semiconductor sentiment and company-specific demand commentary improved. The central question is now whether AMD can convert demand that analysts say exceeds supply into the revenue and product ramps embedded in its Q3 outlook, while AMDon is reflecting the same equity story through a separate tokenized-market trading window.
#Crypto

#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 shorts have increased drastically after the token fell 9% on Sept. 15 following the CLARITY Act’s procedural defeat.
Coinglass data now shows modeled short liquidation leverage at $490 million, more than twice the $203 million in modeled long liquidation leverage. The short structure leaves a potential liquidation corridor between $1.30 and $1.67.
Why XRP Bled the Most
The Senate’s 49-50 procedural vote against the CLARITY Act triggered a much larger decline in XRP than in other major cryptocurrencies. XRP fell from around $1.47 at the start of the session to $1.28, marking a 9% drop in 24 hours and a decline of more than 10% over the week.
Bitcoin fell 3.26% during the same period, while Ethereum declined 4.66%. These figures confirm the stronger selling pressure that XRP faced after the Senate vote.
XRP’s long connection to the U.S. regulatory discussions could explain the reaction. The token spent years at the center of the SEC’s enforcement case against Ripple, and regulatory developments continue to have a strong effect on its price despite recording a favorable outcome in the lawsuit.
The Senate defeat removed the near-term path toward regulatory clarity provided by the CLARITY Act and increased selling pressure. XRP’s cumulative volume delta also fell to -$10.5 million during the selloff amid strong selling activity.
The $490 Million Short Wall Above $1.30
Data from the Coinglass 30-day XRP Exchange Liquidation Map shows much more modeled liquidation leverage skewed toward the short side.
At $1.67, the top of the 30-day XRP range, cumulative short liquidation leverage reaches $490.57 million. This figure shows the total potential short liquidations that could hit the market if XRP moves from the current price of $1.30 to $1.67.
However, specifically at the $1.67 price tick, Binance has $157.17K in short liquidation exposure, while OKX shows $271.81K and Bybit records just $5.49K. The largest individual short liquidation bar reaches around $17.59 million.
Bears have added to these positions since the CLARITY Act setback, expecting XRP’s regulatory sensitivity to keep the price under pressure. The bill’s failure leaves the market dependent on existing SEC and CFTC guidance.
XRP Sees Smaller Long Liquidation Leverage
The long side shows much less modeled liquidation exposure. At $1.10, the bottom of the 30-day chart, cumulative long liquidation leverage stands at $203 million. This represents the potential total long liquidation figure if XRP drops from $1.30 to $1.10.
Meanwhile, at the $1.10 price itself, Binance accounts for $3.11 million in long exposure, while OKX shows $143.48K and Bybit also records $3.11 million.
The largest individual long liquidation bar across the visible range reaches approximately $7.34 million near $1.10. Overall, the modeled long exposure below XRP’s current price remains less than half the short exposure above it.
Where XRP Goes from Here
The $490.57 million in modeled short liquidation leverage above XRP and $203.00 million in long exposure below it create the conditions for a possible short squeeze if the token recovers.
A move toward the $1.46-$1.50 resistance area could force leveraged shorts on Binance and OKX to close, adding buying pressure to any recovery in regular demand.
XRP also retains several factors that could support its broader structure. The token maintains its commodity classification under joint SEC-CFTC oversight, and five live spot XRP ETFs have recorded $1.7 billion in net inflows. XRP remains about 29% higher over the past 30 days despite the latest decline.
The $1.25 level now stands as an important support area. If XRP holds that level, the potential squeeze corridor between $1.30 and $1.67 remains relevant. However, a break below $1.25 could bring long liquidation levels below $1.20 into focus.
#CryptoNews

#Shiba Inu traders are holding more than $62 million in open futures positions, even as overall derivatives activity remains relatively subdued.
According to CoinGlass data, Shiba Inu’s open interest stood at $62.25 million, while its 24-hour futures volume reached $54.42 million.
As a result, open interest has moved above daily futures turnover, indicating that traders are maintaining a significant amount of leveraged exposure rather than actively rotating those positions through the market.
Futures Trading Dominates SHIB Spot Activity
Meanwhile, the derivatives market currently accounts for much of Shiba Inu’s trading activity.
Notably, Shiba Inu recorded approximately $54.25 million in 24-hour futures volume, compared with roughly $19.99 million in spot volume. Therefore, futures trading was about 2.7 times higher than spot activity.
Despite the derivatives-heavy market, SHIB has posted a modest gain. The token climbed 3.99% over the past 24 hours to $0.000005040 at press time. Shiba Inu’s market valuation also increased by the same percentage to approximately $2.96 billion, with SHIB currently ranked as the 29th-biggest crypto in the world.
Long Traders Account for Most SHIB Liquidations
However, the recent recovery has not prevented leveraged traders, particularly those betting on higher prices, from taking losses.
According to data from CoinGlass, a total of 73 SHIB traders recorded $182,650 in liquidations over the past 24 hours. Long positions accounted for most of these losses, with about $162,740 in long positions liquidated, compared with $19,910 in short positions.
This imbalance comes as SHIB remains below its weekly high of $0.0000054. Although the token has recovered nearly 4% over the past day, its earlier decline this week has continued to pressure bullish leveraged positions.
249 Billion SHIB Leaves Exchanges Amid Rising Burn Activity
At the same time, exchange flows point to increased SHIB withdrawals, potentially reducing the amount of tokens immediately available for selling on centralized exchanges.
Data from CryptoQuant shows that 249.40 billion SHIB left exchanges, although the total exchange reserve remains above the 87 trillion SHIB mark. The current reserve stands at 87.06 trillion SHIB.
Additionally, SHIB’s burn activity has accelerated sharply. The daily burn rate has jumped 716% over the past 24 hours after the community burned 27.36 million SHIB during that period. Meanwhile, total burns over the past week have reached 118 million SHIB, adding another notable development to the token’s recent market activity.
#CryptoNewsFlash

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