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LINK remains above its 50-day and 200-day averages, with $9.50 acting as the next key resistance.
A break above $9.50 could open a move toward $10, while $10.45-$10.90 remains major resistance.
Nearly 290,000 LINK worth $2.74 million moved from Binance to a Gnosis Safe multisig wallet.
Chainlink is holding above key moving averages as analysts watch whether LINK can clear $9.50 and approach $10. Michael van de Poppe outlined possible dip-buying levels, while Onchain Lens reported 289,760 LINK moved into self-custody. Meanwhile, LINK trades near $9.396 after a strong late-July and August advance.
Analysts Track LINK’s Next Price Levels
Van de Poppe said buyers could consider LINK later if Bitcoin fails to break $63,400. He also said he would remain interested if LINK falls below $10. The MA50 is at $8.84, while the MA200 sits at $8.48.
Notably, the MA50 has moved above the MA200 after turning upward. Trading volume also increased during the latest advance. Next resistance sits near $9.48-$9.50, followed by the $9.97-$10.00 area.
Historical resistance remains between $10.45 and $10.90. Those levels follow LINK’s earlier move toward its May peak.
Nearly 290,000 LINK Moved to Self-Custody
Onchain Lens reported that a wallet transferred 289,760 LINK worth about $2.74 million. Tokens moved to a Gnosis Safe Multisig wallet two hours before the report. According to Onchain Lens, the wallet accumulated the LINK from Binance over the previous month.
The transfer moved the tokens from the exchange to the multisig wallet. Quinten also highlighted three features for institutional stablecoins. He cited proof of reserves, cross-chain connectivity and onchain identity and compliance.
Quinten described those as the three components institutions need for stablecoins. His comments came as LINK traded above its two key moving averages.
LINK Recovery Faces Key Resistance Levels
LINK previously reached about $10.90 in early May before falling toward $7.20 in June. That June area later became a major support zone. From late June, the token formed higher lows before breaking through the $8.00-$8.50 range. Price then accelerated during August.
Source: Santiment
The setup leaves $8.84 as the first support. Below that level, $8.48 and $8.00-$8.20 provide additional areas. If LINK clears $9.50, the next levels are $10.00 and $10.45-$10.90. However, a sustained break below $8.84 could expose the $8.48 support level and weaken the technical structure.
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CZ will abandon a public wallet after unsolicited meme coins made its BNB balance difficult to track.
He plans to donate the wallet’s remaining BNB and 币安人生 tokens to Giggle Academy before retiring the address.
Token burns triggered speculation, with one unofficial token surging from $40,000 to $30 million in market value.
Changpeng Zhao said he will stop using a public wallet after donating its BNB and 币安人生 tokens to Giggle Academy. The Binance founder made the decision after unsolicited meme coins crowded the wallet and his attempts to remove them triggered speculation. He said blockchain transparency made every wallet interaction open to community interpretation.
CZ Plans to Retire the Wallet
Zhao said he was testing Trust Wallet when he noticed the growing number of meme coins. The tokens made it difficult to locate his BNB balance. He tried burning some unwanted tokens, but the action created further community discussion.
According to Zhao, more meme coins arrived whenever he burned existing ones. He also considered asking Trust Wallet to add an “Ignore Coin” feature. However, he said such a feature would benefit only a small portion of users.
Zhao then outlined a different solution for the wallet. He plans to send its BNB and 币安人生 tokens to Giggle Academy. Afterward, he said he will stop using the address entirely. He described the wallet as effectively becoming a burn address.
Token Burns Trigger Market Activity
The wallet activity also drew attention from Lookonchain analysts. They reported that Zhao burned 4,444 tokens from each of two third-party projects. One of those assets was an unofficial clone, according to the provided information.
Speculators nevertheless interpreted the transaction as an on-chain signal. The clone’s market capitalization reportedly jumped from $40,000 to $30 million. Its price also rose more than 30,000% during the move.
Meanwhile, the legitimate version traded on Binance Alpha remained stable. The sharp move later reversed as the clone’s market capitalization fell to $5.26 million.
Zhao Cites Blockchain Transparency
Zhao compared the reaction with earlier crypto events involving prominent wallet activity. He said community members repeatedly try to interpret what his transactions mean. The situation also recalled the 2021 Shiba Inu episode involving Vitalik Buterin. Buterin burned SHIB tokens that project creators had sent to his wallet.
In Zhao’s case, token creators reportedly sent spam assets to his address while using his identity. The resulting transactions then attracted further attention from traders and community members.
Zhao said he could not permanently clean the wallet because new tokens would continue arriving. Therefore, he plans to donate the remaining BNB and 币安人生 tokens before abandoning the address.
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Vitalik Buterin says Ethereum can borrow Utreexo ideas to reduce state storage and improve network scalability.
Native UTXOs could cut permanent Ethereum state usage by about 99.8% for simple payment activity.
Recursive STARKs could reduce bandwidth demands, while native UTXOs remain a research proposal rather than a roadmap target.
Vitalik Buterin said Ethereum’s scaling research can draw from Bitcoin’s Utreexo, a system that reduces the need to store full blockchain state. In an Aug. 16 post, Buterin credited Bitcoin developers for pioneering related ideas and described Ethereum’s proposed approach as a mix of UTXO-style and dynamic state across different types of network activity.
Buterin Points to Utreexo for Ethereum Scaling
Buterin said Ethereum should support UTXO-style state, dynamic state and models between them. He said the approach could scale most Ethereum activity without sacrificing decentralization, node operation or censorship resistance.
Utreexo, proposed by Bitcoin developer Thaddeus Dryja in 2019, uses a compact cryptographic accumulator for Bitcoin’s UTXO set. Nodes can verify transaction outputs through inclusion proofs instead of storing the entire set locally.
That model addresses storage pressure, while Ethereum faces a broader state problem. Its account-based system also stores smart-contract balances, code and application data.
Ethereum Proposal Adds Native UTXOs
Ethereum researcher Toni Wahrstätter proposed native UTXOs for simple payment activity. The proposal would keep Ethereum’s account model while adding UTXO-style payments for transactions needing little persistent state.
According to the proposal, native UTXOs could reduce permanent state usage by about 99.8%. It estimates roughly 300 MB for one billion entries, compared with 100 GB to 150 GB under equivalent account models.
However, the proposal remains a research design. It depends on EIP-8141, which introduces programmable transaction frames for validation, gas payments and execution.
Recursive STARKs Target Network Bandwidth
Buterin has also proposed recursive STARKs for the Ethereum mempool. His January research assumes proofs of about 128 kB and uses recursive aggregation to combine validity proofs.
The model targets bandwidth rather than permanent state storage. With eight peers and 500-millisecond aggregation intervals, Buterin estimated additional bandwidth at about 2 MB per second per node.
A community response suggested combining recursive STARKs with native UTXOs could support very large transaction volumes. However, that remains an extrapolation, not an Ethereum throughput target.
Ethereum’s roadmap lists Hegotá for 2027, after Glamsterdam in late 2026. Native UTXOs are not currently scheduled for Hegotá, while Frame Transactions remain under consideration.
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Bitcoin demand remains weak as capital shifts toward equities, AI and commodities amid record dormant supply.
More than 14,000 BTC entered dormant supply in 30 days, pushing 10-year inactive holdings to 3.56 million BTC.
BTC momentum is improving near $63,500, with $64,000 resistance and $63,000 support shaping the next move.
Bitcoin is facing weaker demand from a broader market rotation, while dormant holdings reach a record 3.56 million BTC. Glassnode said consumer confidence recently hit an all-time low as stocks reached new highs, while capital moved into equities, AI and commodities. Meanwhile, analyst Darkfost said more Bitcoin continues entering the dormant supply.
Glassnode Tracks Bitcoin’s Market Rotation
According to Glassnode, Bitcoin has been significantly neglected during the latest allocation shift. The firm said money has moved from cash toward equities, AI and commodities. However, Bitcoin’s short-term price action shows buyers returning near lower levels.
BTC trades at $63,579.40, up $182.85, or 0.29%, on the latest four-hour candle. The price recently fell from the $65,000-$65,200 area toward $62,800-$63,000. Buyers have since pushed BTC back above $63,500.
The immediate support sits near $63,000, while stronger support remains around $62,000-$62,500. On the upside, $64,000 is the first resistance zone.
Dormant Bitcoin Supply Reaches a Record
Darkfost reported that Bitcoin supply untouched for more than 10 years reached 3.56 million BTC. That amount represents about 17.7% of circulating Bitcoin supply. Notably, more than 14,000 BTC entered this dormant supply during the past 30 days.
Darkfost said the measure can change when previously untouched coins become active. A rare example occurred in July 2025, when some long-dormant Bitcoin returned to circulation. However, the overall dormant supply has continued increasing.
The data therefore tracks Bitcoin that has remained unmoved for more than a decade. Darkfost described this group as supply that can be considered lost.
BTC Momentum Improves Near $63,500
Bitcoin’s momentum indicators have also strengthened during the recent recovery. The RSI stands at 57.69, while its moving average remains at 42.69. Meanwhile, the MACD line is near -94.56 against a signal line at -183.01.
Source: TradingView
The resulting histogram reads 88.45, showing improving short-term momentum. A sustained move above $64,000 would place $65,000-$65,200 next. Above $65,200, the next level identified in the analysis is $66,000.
Conversely, rejection between $64,000 and $65,000 could bring $63,000 back into focus. A break below that level would expose the $62,000 area.
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More than 1,700 unlicensed platforms faced restrictions after MiCA took full effect, while 323 firms appeared in an ESMA authorization snapshot.
Regulators warn scammers are impersonating ESMA and crypto firms with fake documents, recovery offers and demands for fees.
Users should verify providers through the official ESMA register and confirm the legal entity authorized to serve their accounts.
EU regulators are warning crypto users about migration scams after MiCA rules took full effect across the bloc on July 1. More than 1,700 unlicensed platforms faced service restrictions, while only 323 firms had MiCA authorization in an ESMA snapshot, forcing users to seek regulated providers.
Regulators Warn of Fake Migration Notices
The transition has created an opening for impersonation scams. According to CoinDesk, France’s AMF found criminals posing as employees and demanding fees to recover stolen funds. ESMA confirmed criminals were using its name, logo and fake documents.
Scammers used those materials to make false claims about users’ funds. Meanwhile, the Dutch AFM warned fraudsters could target customers seeking replacement providers. It advised users to check the official ESMA register before transferring assets.
Austria’s FMA issued a similar warning after the July 1 deadline. It urged customers to verify providers before moving assets or sending funds to self-hosted wallets.
MiCA Data Shows a Wider Migration
The number of affected platforms varies by dataset. VASPnet data cited by CoinDesk put the number above 1,700, while ESMA listed 323 authorized companies. TRM Labs counted 1,343 operating EEA crypto providers on July 1.
Its analysis found 281 authorized firms and 1,062 without MiCA authorization. However, ESMA’s rules did not require every unauthorized provider to shut down immediately. Firms had to stop new onboarding, marketing and new client relationships.
They could still support activity for asset sales, transfers, reallocations and closures. Custody could continue during an orderly wind-down.
Users Face Risks When Moving Crypto
The FCA reported 4,465 fake impersonation cases during the first half of 2025. It said 480 victims lost money, while scammers used screen-sharing tools. Exchanges also contact customers about withdrawals, transfers and account restrictions.
That makes false notices harder for users to identify. The AMF and AFM said they do not request fund transfers through private messages. ESMA also said it does not request personal information or fees to recover funds.
Regulators advise users to verify the legal entity serving their account. A MiCA authorization held by one group company does not automatically cover every affiliate.
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XRP price tests $1 as buyers defend support, while sellers seek a decisive daily breakdown beneath this psychological boundary now.
A break above $1.10 could challenge descending resistance, while RSI weakness preserves downside pressure across trading conditions.
The $0.9999 reading adds psychological focus, but sustained acceptance above $1 remains necessary for stronger bullish market structure.
XRP price sits near a key psychological threshold as the descending triangle continues today. Weak momentum keeps traders focused on confirmation before the market establishes direction near $1.
$1 Support Becomes the Main Market Test
XRP traded near $1.0022 on August 15, keeping the psychological level in focus. The daily chart shows repeated reactions around this area since early June. Price therefore remains positioned at a clear decision point for buyers and sellers.
XRP Update recently referenced a $0.9999 reading near the same threshold. The post linked the repeated digits with an ending cycle and possible new beginning. From the chart, however, sustained price acceptance remains the measurable factor.
https://twitter.com/XrpUdate/status/2088434842719707575?s=20
The August 15 session opened around $0.9993 and reached approximately $1.0076. It also recorded a low near $0.9981, showing limited movement around the dollar level. Such tight trading reflects a market waiting for stronger directional participation.
The XRP price has also shown difficulty maintaining sustained closes above $1. That behavior keeps the threshold relevant as both resistance and potential support. A sustained hold above it would provide stronger evidence of improving short-term structure.
Descending Triangle Keeps Pressure on XRP
The daily structure contains a descending resistance line from the July highs. That line currently approaches the $1.10-$1.15 region. Buyers need to overcome this declining barrier before the structure changes materially.
Source: (Tradingview)
The horizontal base remains near $1, creating the triangle's lower boundary. Multiple support tests have occurred without producing a sustained recovery. Repeated tests can increase downside pressure when buyers cannot generate stronger rebounds.
A confirmed break above the descending line would shift attention toward higher resistance zones. The next area to see is around $1.20 and the $1.30-$1.40 region. Confirmation would require a daily close and stronger trading activity.
A daily close below $1 would instead strengthen the bearish setup. Historical chart structure places possible downside areas near $0.90 and $0.80. Those levels would depend on momentum following any confirmed support failure.
RSI Shows Momentum Has Not Recovered
The daily RSI currently stands near 36, while its moving average sits around 39. That positioning shows momentum remains below its recent neutral range. However, the indicator has not reached deeply oversold territory.
RSI weakness leaves room for additional selling if $1 fails decisively. Conversely, a recovery above 40 could signal improving momentum conditions. A move toward 50 would provide a stronger confirmation of renewed buying pressure.
Trading volume remains comparatively subdued across the recent consolidation. Earlier heavy activity accompanied sharper price movements during previous declines. Current conditions instead suggest limited conviction while XRP remains near the triangle base.
The market therefore remains balanced around a closely watched technical boundary. The $0.9999 reference adds psychological attention, but price action must confirm any cycle change. Until then, $1 remains the clearest dividing line between recovery and renewed weakness.
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Rakuten’s reported payment route connects loyalty points with XRP, Rakuten Cash and everyday spending through its established consumer network.
More than 100 million Rakuten users represent potential reach, while actual XRP payment activity remains the key adoption measure.
The model moves XRP beyond trading by connecting acquisition, conversion and spending within related Rakuten financial services.
XRP utility in Japan is moving into a consumer payment setting, linking digital assets with Rakuten’s points, cash, and payment services across a familiar retail ecosystem in Japan.
Rakuten Creates a Route Into XRP Payments
In a recent post, John Squire highlighted Rakuten’s reported reach exceeding 100 million users. He noted customers can buy XRP using Rakuten Points, then convert it into Rakuten Cash. The resulting balance can be spent through Rakuten Pay within the payment ecosystem.
https://twitter.com/TheCryptoSquire/status/2088471995293860274?s=20
The structure begins with loyalty points rather than conventional cash deposits. That starting point could make cryptocurrency access more familiar for existing Rakuten customers. Users can therefore encounter XRP through services they already understand and use.
The reported process connects several stages within Rakuten’s broader financial network. Customers can acquire XRP before converting its value into Rakuten Cash. That balance can then move toward everyday purchases through supported Rakuten Pay services.
This pathway changes how cryptocurrency can enter a consumer’s routine. Instead of stopping at acquisition or investment, the asset reaches another spending stage. Actual transaction activity will determine how widely customers adopt that route.
Consumer Reach Gives the Model Wider Exposure
Rakuten’s reported user base exceeds 100 million people across its Japanese services. However, that figure represents potential reach rather than confirmed XRP payment adoption. Actual usage will depend on how many customers choose this transaction pathway.
Earlier reports referenced approximately 44 million Rakuten Pay users and over five million merchant locations. Those figures provide a narrower view of the payment network supporting the arrangement. The broader membership figure covers Rakuten’s wider consumer ecosystem.
The distinction between membership and payment activity remains important for measuring adoption. A large customer base does not automatically translate into frequent cryptocurrency transactions. Usage frequency, conversions and spending behavior provide more direct measures.
The payment route also reduces the need for users to change platforms. Customers can remain within related Rakuten services while moving between points, cryptocurrency and cash. That integrated structure creates a simpler path between rewards and digital-asset spending.
XRP Moves Toward Practical Transactional Use
Rakuten Wallet already provides access to XRP trading within its financial services. The reported payment connection adds another function beyond buying and holding the asset. Together, these services connect acquisition, conversion and potential spending.
The accompanying post asks whether consumers would actually use XRP for everyday payments. That question shifts attention from market ownership toward repeated transactional activity. Regular spending would provide clearer evidence of practical consumer use.
The image also places XRP directly beside Rakuten’s payment branding. It visually connects the cryptocurrency with Rakuten Pay and its surrounding retail infrastructure. The arrangement presents XRP within a broader payment process rather than separately from consumer commerce.
For XRP, the next measurable step remains actual usage across the network. Customers must choose the route from Rakuten Points through XRP and Rakuten Cash. Continued participation would show whether the payment connection develops beyond its initial availability.
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World Liberty Trust received preliminary OCC approval to organize a national trust bank focused on USD1 issuance and institutional custody.
The proposed bank would replace BitGo as USD1’s exclusive issuer and institutional custodian under federal OCC supervision.
WLTC will not seek FDIC insurance, a Federal Reserve master account or status as a bank under the Bank Holding Company Act.
World Liberty Trust received preliminary conditional approval from the U.S. OCC to organize a national trust bank for USD1 operations. The proposed bank would issue and redeem USD1, manage its reserves, and provide digital asset custody for institutional clients under federal supervision.
https://twitter.com/ZachWitkoff/status/2088368684548948193?s=20
USD1 Issuance And Custody Move Under One Entity
The approval allows World Liberty Trust Company, National Association, to proceed through the remaining chartering steps. However, WLTC must satisfy OCC conditions and complete preopening requirements before starting operations.
World Liberty Financial said WLTC would replace BitGo as the exclusive USD1 issuer and custodian for institutional clients. The company also plans to offer digital asset custody services to institutional customers nationwide.
According to Zach Witkoff, World Liberty Financial’s co-founder and CEO, the company received conditional approval to organize WLTC. He said the bank would issue USD1 and provide custody under OCC supervision.
USD1 has more than $4 billion in circulation, according to World Liberty Financial. The stablecoin’s reserves include U.S. dollars held at financial institutions, government money market funds, and cash equivalents.
The company said WLTC would use segregated customer assets, independent reserve management, and AML and sanctions screening. It would also undergo regular OCC examinations after opening.
Five-Member Board To Oversee Proposed National Trust Bank
WLTC will have a five-member board led by Zach Witkoff as chair. Scott Alper, president and chief investment officer of Witkoff Group, will also serve on the board.
Robert Witkoff, a former co-chief investment officer at The Chubb Corporation, will join the board. Jeffrey Weiner, former chairman and CEO of Marcum LLP, will serve as an independent director.
Erin Baskett, a FINRA Board of Governors member and Sine Qua Non Capital founder, will also serve independently. Mack McCain will become chief trust officer, while Daniel Dietzel will serve as chief financial officer.
World Liberty Trust does not plan to become a federally insured depository institution. It also does not plan to seek a Federal Reserve master account or become a bank under the Bank Holding Company Act.
USD1 is available through Binance, Coinbase, Kraken, Bybit, OKX, Bitget, Gate, KuCoin, Crypto.com, and MEXC. It is also available through decentralized exchanges including Uniswap and PancakeSwap.
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DOGE’s monthly chart shows an inverted hammer, TD Sequential buy signal and developing doji similar to its August 2022 setup.
Large holders accumulated more than 430 million DOGE over the past week as the token traded near $0.0700.
A sustained break above $0.0813 could expose DOGE to the next resistance near $0.177, according to Ali Charts.
Dogecoin is showing a monthly setup that analyst Ali Charts says resembles August 2022 before a 145% rally. The analyst cited a Tom DeMark Sequential buy signal, an inverted hammer, and a developing doji candle. He also reported that large holders accumulated more than 430 million DOGE over the past week.
Dogecoin Forms Pattern Seen Before 145% Rally
Ali Charts said the monthly chart flashed the TD buy signal last month. He compared the current structure with August 2022, when DOGE formed an inverted hammer and TD buy signal. A doji candle followed that setup in 2022, before DOGE recorded a 145% monthly rally.
The current monthly chart has also developed an inverted hammer, TD buy signal, and developing doji. However, Ali Charts did not state that the same price move would occur again. He said the pattern could precede a significant move if the earlier sequence repeats.
Whale Accumulation Adds to the Technical Setup
The analyst also pointed to activity among large DOGE holders. According to Ali Charts, whales accumulated more than 430 million DOGE during the past week. That buying came as DOGE traded between roughly $0.0680 and $0.0725 from August 4 through August 16.
Source: Coinglass
Spot flow data, however, showed mixed movement during the same period. The largest outflow appeared around August 7, reaching about $5.2 million. Other major outflows approached $3.5 million around August 6 and August 14.
By comparison, the strongest inflow reached roughly $2.5 million around August 11. DOGE climbed toward $0.0725 during that move before falling back toward $0.0700.
$0.0813 Remains the Main Resistance Level
Ali Charts identified $0.0813 as the key resistance area, where more than 30 billion DOGE were previously transacted. He said a sustained close above that level could open the next resistance near $0.177.
Meanwhile, spot flows weakened on August 15 and 16, with bars moving close to zero. DOGE traded around $0.0697-$0.0700 as flow pressure eased. The chart shows $0.0700 as a psychological pivot, with $0.0710 and $0.0720-$0.0725 above it. Below, $0.0690 and $0.0680 mark the next levels cited by the chart.
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A whale transferred 984,550 LINK worth $9.23 million to Coinbase after accumulating 2.41 million LINK from Binance.
LINK climbed above its 50-day and 200-day moving averages at $8.71 and $8.44, strengthening its technical setup.
LINK faces resistance near $9.40-$9.50, while $8.71 and $8.44 remain key support levels for the current recovery.
Chainlink is facing fresh whale activity as LINK trades near $9.39 after breaking above key moving averages. Onchain Lens reported that a whale sent 984,550 LINK worth about $9.23 million to Coinbase. The transfer came after the whale accumulated about 2.41 million LINK from Binance over the past month.
Whale Sends Nearly 1M LINK to Coinbase
The whale still holds about 1.43 million LINK, valued near $13.43 million. Onchain Lens estimates the remaining holdings carry an unrealized profit of about $1.42 million. Meanwhile, Michael van de Poppe said LINK has moved above its moving averages on the higher timeframe.
He also pointed to large bullish divergences on the asset. According to van de Poppe, the move could mark an end to LINK’s four-year downtrend. However, he said traders should avoid chasing the current move.
His first scenario involves Bitcoin making a slight low sweep without falling sharply toward $61,000. Under that scenario, he expects LINK could trade below $9.20 before moving toward $11.
LINK Breaks Above Key Moving Averages
The chart shows LINK trading around $9.392 on August 16. Price recently climbed from the $8.20-$8.50 area and moved above the 50-day and 200-day moving averages. The 50-day average is at $8.71, while the 200-day average is at $8.44.
Source: Santiment
Both averages have started turning higher, according to the chart. However, LINK previously fell from nearly $10.90 in early May toward $7.20-$7.30 in June. Price later formed higher lows before breaking above $8.70.
Network Activity Remains Below May Peak
Daily active addresses have fallen sharply from an early May spike near 284,000. The latest reading stands around 1,346, despite LINK’s recent price recovery. Van de Poppe also outlined a second scenario if broader markets move lower.
He said he would watch below $8.60 for potential LINK trades toward $11. The chart places support at $8.71 and $8.44, followed by $8.00-$8.20. Resistance is around $9.40-$9.50, then $10.00 and $10.45-$10.90.
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Daily new Ethereum addresses rose from 121,210 to 212,560 between August 8 and August 16, signaling stronger network activity.
A whale moved 884.55 ETH worth about $1.66 million to two new wallets after swapping 493.02 ETH for USDT.
ETH holds above $1,860 support, while $1,920-$1,960 remains the key resistance zone for a potential recovery.
Ethereum network activity has jumped while ETH trades near $1,880, with fresh addresses rising and a whale moving coins. Ali Charts reported daily new ETH addresses climbed from 121,210 on August 8 to 212,560 today. Meanwhile, Onchain Lens tracked 884.55 ETH moved to two fresh wallets over the last day.
Ethereum Addresses Rise Sharply
According to Ali Charts, Ethereum recorded 212,560 new daily addresses today. That compares with 121,210 addresses on August 8, an increase of 91,350 addresses. Ali Charts described network growth as a strong on-chain measure of user adoption.
The analyst also noted sustained increases have historically come before major price rallies. However, the activity increase comes as ETH remains below recent highs. The four-hour chart shows ETH at $1,879.47, with the latest candle up 0.01%.
Whale Moves 884.55 ETH
Onchain Lens reported that a mysterious whale moved 884.55 ETH to two fresh wallets over the last day. The transfer was worth about $1.66 million. Before those transfers, the whale swapped 493.02 ETH for 928.57K USDT through CoW Protocol.
The swap involved about $927,000 in ETH. The provided data does not identify the whale or explain its reason for moving the funds. Meanwhile, ETH has remained within a narrow range after its recent retreat.
ETH Holds Above $1,860 Support
ETH moved from roughly $1,760-$1,800 toward a peak near $1,960. It later retreated and entered a range around $1,870-$1,900. The four-hour structure shows weaker momentum after ETH reached about $1,920-$1,930 between August 7 and 10.
Source: TradingView
Price then fell toward $1,860-$1,870 before stabilizing in smaller candles. The RSI is at 46.49, below its 47.09 moving average and neutral 50 level. It remains above 40, while the MACD line sits above its signal line but below zero.
Support is around $1,860-$1,840, followed by $1,800. Resistance appears near $1,900, then $1,920-$1,960. A break above $1,920 could target $1,960, while a move below $1,840 could expose $1,800.
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Binance will stop processing HTX deposits and withdrawals for UK and EU users from August 23 under sanctions compliance measures.
Justin Sun said HTX does not operate in the UK or EU and is negotiating settlements with regulators in both regions.
HTX’s ETH order book has thinned ahead of the deadline, reducing visible liquidity for larger trades on the exchange.
Justin Sun said Binance’s planned HTX restrictions apply only to UK and EU users after the exchange announced transfer limits. Binance will stop processing HTX deposits and withdrawals from August 23, 2026, under sanctions compliance measures. Sun said HTX does not operate in either region and is negotiating settlements with regulators there.
Sun Addresses Binance Restrictions
Sun said he spoke with Binance about the restrictions involving HTX and other platforms. According to Sun, Binance confirmed that the measures concern its UK and EU users.
HTX does not conduct business in the UK or EU, Sun said. He added that settlement talks with regulators in both regions remain underway. Users affected during the negotiations can contact HTX customer support, according to Sun. HTX will then coordinate a resolution for those users.
The clarification followed Binance’s announcement that it would stop processing HTX transactions from August 23. The measure also covers deposits and withdrawals involving 10 other platforms.
Binance Cites Sanctions Compliance
Binance’s restrictions include platforms such as Rapira and EXMO. The list contains 11 platforms affected by the planned restrictions. The action follows expanded UK and EU sanctions tied to Russia.
The measures also relate to the European Union’s 21st Russia sanctions package. Regulatory reviews involving HTX began in May 2026. UK regulators raised concerns about HTX’s affiliations during that period.
However, no blanket transfer ban had taken effect as of August 14. Binance’s announced restrictions remain scheduled for August 23.
HTX Trading Book Shows Less Liquidity
HTX’s ETH order book has thinned as the Binance deadline approaches. The change has reduced the number of visible buy and sell orders around current prices. The thinner book affects the amount of liquidity available for larger ETH trades on HTX.
Binance’s restrictions will also limit transfer routes between the two exchanges for affected users. Meanwhile, OKX, Bybit and Bitget have adjusted compliance policies since May. HTX, formerly known as Huobi, has faced regulatory scrutiny involving Sun and Russia-related sanctions.
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Bitcoin’s support floor has thinned as June buy orders disappear, leaving price between $63,000 and the $68,700 holder cost basis.
Apparent demand improved from -272,000 BTC to -32,000 BTC, but remained negative and below strong accumulation levels.
Seller exhaustion has increased, while weak spot volume and continued exchange inflows show Bitcoin demand remains limited.
Bitcoin’s support base has weakened as buy orders beneath price drain away, while demand remains negative despite improving. Glassnode reported a thinner floor beneath Bitcoin after heavy June bids began disappearing. Meanwhile, Darfost said apparent demand improved sharply from June levels but remained negative, leaving Bitcoin between key cost-basis levels.
Bitcoin Support Weakens Below Price
Glassnode said the heavy wall of buy orders built below Bitcoin in June has started to drain. The remaining support now forms a much thinner floor beneath the market. Price remains between the Median Realized Price at $63,000 and Short-Term Holder Cost Basis at $68,700.
Glassnode also identified $58,500 as a level below the current range. Notably, Bitcoin has traded within this cost-basis pocket for nearly three months. The 50-day and 200-day levels were not provided in the supplied data.
The market also recorded its lowest spot volume since 2019. Glassnode said exchange activity has continued falling, with Binance excluded figures also nearing 2023 bear-market lows.
Sellers Tire While Buyers Remain Limited
Glassnode reported supply in profit near previous bear-market floor territory. Its Seller Exhaustion Constant also reached a cycle low, although prior floor levels remained deeper. Adjusted SOPR has repeatedly failed to hold above 1.0 since October’s peak.
Glassnode counted nine recovery attempts that ended with sellers exiting around break-even. Meanwhile, ETF flows have turned positive since late July. However, Glassnode said those inflows remain small compared with earlier accumulation periods.
Exchange Net Position Change also remains in inflow territory. Coins have continued moving toward exchanges, although the pace has declined from early June levels.
Demand Improves But Stays Negative
Darfost reported apparent demand at -32,000 BTC, improving from -272,000 BTC when Bitcoin entered its consolidation range in early June. However, the metric remains negative and has not reached a level that Darfost considers strong enough.
Similar patterns appeared in February and May before demand declined again. Darfost also linked the change to lower average issuance following a decline in hashrate. Apparent demand compares new BTC issuance with supply inactive for more than one year.
The measure therefore tracks whether accumulation can absorb newly created Bitcoin supply. Current data show improvement, but demand remains below zero.
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XRP price continues to hover near the $1 support level, with bulls awaiting a prolonged bull run that could push them to a desired $1.40 target.
The developing double bottom remains valid above $1.00, but confirmation requires stronger buying and a decisive neckline recovery.
XRP derivatives remain active across exchanges, with open interest concentrated while trading volumes vary widely between platforms.
XRP price is approaching a critical technical crossroads, with support holding while traders watch for confirmation of a potential four-hour reversal.
Double Bottom Develops Around Key Support
The four-hour XRP/USDT chart shows two lows forming around the $1.00 area. These lows follow a prolonged decline from significantly higher levels. Buyers have repeatedly responded when price approached this psychological support.
Source: cryptowithgopal via X
The first bottom formed after a sharp move toward approximately $1.00. Price then rebounded toward the $1.18 region before sellers returned. That recovery created the central peak separating both potential lows.
The second bottom has now developed close to the first. Such symmetry gives the developing structure characteristics of a double-bottom pattern. However, the formation remains incomplete without a confirmed neckline breakout.
In the accompanying post, Crypto With Gopal identifies this double bottom. According to the post, the $1.00–$1.02 support zone is being defended by the buyers. It also singles out $1.18 as the neckline and $1.40 as the estimated target.
$1.18 Neckline Controls the Bullish Setup
The $1.18 region represents the most important resistance on the displayed structure. Price previously approached this area before sellers regained control. Therefore, another test would place the pattern directly against its confirmation level.
If it breaks the $1.18 level in an upward direction, it will confirm the bullish reversal pattern. Such a breakout would remove the resistance between the two lows. It would also weaken the descending trendline currently restricting recovery attempts.
The chart projects a potential move toward approximately $1.40 after confirmation. That target remains above the neckline by a considerable margin. Consequently, price would need sustained momentum after clearing $1.18.
Meanwhile, the $1.00–$1.02 zone remains the immediate defensive area. Holding this region keeps the double-bottom structure technically intact. A decisive break below $1.00 would weaken that interpretation considerably.
Derivatives Show Broad XRP Market Participation
XRP derivatives activity remains spread across numerous cryptocurrency exchanges. Binance shows approximately $457.08 million in displayed open interest. KuCoin follows with about $411.66 million, while Bybit records roughly $281.62 million.
MEXC holds approximately $235.56 million in open interest. Hyperliquid and OKX show around $111.82 million and $102.79 million respectively. These figures indicate substantial active positioning across multiple venues.
Volume rankings differ noticeably from open-interest rankings. MEXC leads the displayed volume figures at approximately $376.84 million. OKX follows with around $116.77 million, while several other exchanges report smaller totals.
The futures trade-count data adds another layer to market activity. LBank records approximately 778,380 trades, leading the displayed exchanges. Meanwhile, XRP trades near $1, keeping support and resistance tightly defined.
The displayed spot data places XRP around $1.00, down approximately 0.56% daily. Intraday trading has remained compressed between roughly $1.00 and $1.012. This narrow range shows limited directional follow-through so far.
For bulls, defending $1.00 remains essential for maintaining the current structure. A move through $1.18 would provide stronger confirmation of reversal. Until then, XRP remains between established support and significant overhead resistance.
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XRP network activity reached a two-month high with 49,929 active addresses recorded over a 24-hour period.
Three-month average XRP whale inflows to Binance fell to their lowest level since 2021, signaling weaker selling pressure.
XRP remains below its 50-day and 200-day moving averages, with $1 as support and $1.07-$1.10 as a key recovery zone.
XRP is testing the $1 level as market negativity reaches a three-month extreme, while network activity rises. Santiment Intelligence reported 49,929 active addresses over 24 hours, the highest level in more than two months. Meanwhile, Darkforst said three-month average XRP whale inflows to Binance fell to their lowest level since 2021.
Network Activity Rises
Santiment said XRP commentary turned increasingly bearish across X, Reddit, Telegram, and other crypto channels this week. The shift came as XRP failed to rally and its market value fell below $1.
However, XRP Ledger activity increased sharply after earlier July levels approached 2026 lows. Santiment recorded 49,929 active addresses during one 24-hour period. The supplied chart also shows daily active addresses near 20.4K, while holders rose steadily to about 8.05 million.
Binance Whale Inflows Fall
Darkforst reported that XRP whale inflows to Binance fell to $61 million on the latest reading. The figure uses a three-month average to track the trend. For comparison, whale inflows reached $456 million in January 2025 and $355 million in October.
Current inflows are six to eight times below those earlier levels. Despite lower inflows, netflows remain positive at about $18.8 million. Darkforst said inflows still exceed outflows on Binance.
The analyst also noted declining inflows and volumes across the market. Darkforst described the pattern as sell-side exhaustion while demand has yet to increase.
XRP Remains Below Key Averages
The chart shows XRP at about $1.001 on August 15, after a medium-term decline from February. XRP traded mainly between $1.35 and $1.55 before the decline accelerated in late May and June.
Source: Santiment
Price then moved toward $1.05 to $1.10, forming lower highs and lower lows. The 50-day moving average is near $1.02, while the 200-day average is around $1.07. XRP remains below both averages, while the 50-day average also sits below the 200-day average.
The $1 level is immediate psychological support. The chart places resistance near $1.02, $1.07, and $1.10 to $1.18. It identifies $1.07 to $1.10 as the key recovery zone.
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Cboe filed for six leveraged ETFs, including 3x Bitcoin and Ether funds sponsored by Volatility Shares.
The proposed funds would use CME Bitcoin and Ether futures rather than holding the underlying assets directly.
The ETFs would reset exposure daily, meaning the 3x target applies to daily performance rather than longer-term returns.
Cboe BZX Exchange has asked the U.S. Securities and Exchange Commission to approve six leveraged ETFs, including 3x Bitcoin and Ether funds. The exchange filed the proposal on August 10, while the SEC published its notice August 14. The proposed crypto funds would seek three times the daily performance of Bitcoin and Ether through futures.
Cboe Seeks Approval for Leveraged Crypto Funds
According to the filing, Volatility Shares LLC would sponsor the six funds through the VS Trust. The lineup includes 3x Bitcoin, Ether, Gold, Silver, Crude Oil and Natural Gas ETFs.
The Bitcoin fund would primarily use CME Bitcoin futures, while the Ether fund would primarily use CME Ether futures. Neither fund would directly hold Bitcoin or Ether under the proposed structure.
Each fund would use futures, with cash and cash equivalents as collateral. However, separate SEC approval is required because leveraged products fall outside Cboe's generic listing standards.
Proposed Funds Would Reset Exposure Daily
The funds would operate as commodity pools rather than traditional investment companies under the 1940 Act. Their sponsor would face oversight from the Commodity Futures Trading Commission and National Futures Association.
The products would reset exposure daily. Therefore, the 3x target applies to one trading day, not cumulative returns over longer periods. Investors would create and redeem shares through cash transactions involving Creation Units.
Each unit would generally contain 10,000 shares. The funds would calculate net asset value daily and publish indicative values every 15 seconds. Cboe cited regulated futures markets and existing surveillance arrangements in the filing.
SEC Review Begins After August Filing
The SEC's August 14 notice starts the review process but does not approve the proposed ETFs. The commission will seek public comments after Federal Register publication. The SEC generally has 45 days to act initially. However, the review can extend to 90 days.
Cboe said it had not received comments before submitting the proposal. Meanwhile, Volatility Shares already offers 2x Bitcoin and Ether strategy ETFs in the U.S. LeverageShares launched 3x and negative 3x Bitcoin and Ether ETFs in Europe last year.
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Galaxy Research lowered its CLARITY Act passage estimate to 10% for 2026 due to Senate disputes and limited legislative time.
The Senate will return September 14 for a short session, leaving lawmakers limited time to resolve ethics and developer protection issues.
The SEC and CFTC may advance regulatory measures independently as CLARITY Act negotiations remain stalled after the August recess.
Galaxy Research has cut its estimate for CLARITY Act passage in 2026 to 10%. The firm cited unresolved Senate disputes, limited time after recess, and stalled negotiations. Meanwhile, the SEC and CFTC are moving on regulatory measures as the market structure bill remains pending in Washington.
https://twitter.com/WuBlockchain/status/2088481472462102895?s=20
Senate Delays Keep CLARITY Act in Doubt
According to Galaxy Research, Senate Majority Leader John Thune did not call a CLARITY Act vote before recess began August 7. He later noticed the first vote for when lawmakers return in mid-September.
However, Galaxy said the September session will last only about two to three weeks. The chamber reconvenes September 14 and plans to adjourn October 2. Galaxy identified several disputes that slowed negotiations.
These include ethics rules for government officials, pressure from community banks, and changes to developer protections. A bipartisan Senate group sent an ethics proposal to the White House on July 30. Galaxy said the White House has not publicly responded.
SEC Weighs Crypto Exemptions as Bill Stalls
The SEC had planned two regulatory exemptions, according to Galaxy Research. Reg Crypto would create a pathway for public cryptoasset issuance. The Innovation Exemption would permit secondary trading of tokenized securities through decentralized finance.
However, the agency delayed both measures after earlier plans to publish them. Galaxy said the SEC may now move ahead as CLARITY Act negotiations remain unresolved. The firm also noted Commissioner Hester Peirce plans to leave the SEC in November.
Meanwhile, the CFTC has moved to defend its authority over prediction market contracts. This week, the agency issued an emergency order targeting New York Attorney General Letitia James' effort against Kalshi.
Agencies Move While Congress Works on CLARITY
Galaxy said agency action could provide temporary regulatory coverage while Congress considers legislation. However, administrative measures lack the durability of a law passed by Congress.
The firm expects the SEC to publish Reg Crypto, the Innovation Exemption, or both within weeks or several months. Alex Thorn, Galaxy's head of firmwide research, authored the report. The CLARITY Act remains scheduled for Senate consideration after the August recess.
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SHIB burns fell 73.89% over 24 hours, with just 3.64 million tokens removed during the period.
SHIB recovered 3.17% to around $0.00000457 as RSI moved above 50, signaling improving short-term momentum.
The $0.00000430-$0.00000440 zone remains key support, while $0.00000500 represents immediate resistance for SHIB.
Shiba Inu burn activity has slowed as SHIB rebounds toward $0.00000457. According to Shibburn, 218,192 SHIB worth about $1 was removed through one transaction during the latest hour. Meanwhile, SHIB gained 3.17% over 24 hours, while its market capitalization reached $2.69 billion.
SHIB Burn Activity Drops Across Key Periods
Shibburn reported 3.64 million SHIB burned during the past 24 hours. That figure represents a 73.89% decline in burn activity over the period. Weekly activity also fell, with 38.28 million SHIB removed over seven days.
Source: Shibburn
Shibburn recorded a 23.66% decrease for that period. The latest hourly burn involved just one transaction. Meanwhile, SHIB's circulating supply stood at 585.65 trillion tokens. Total supply remained at 589.16 trillion SHIB.
The token ranked No. 35 by market capitalization, according to the reported figures. SHIB traded around $0.00000457, while 24-hour trading volume reached $85.33 million. The token's market capitalization increased 3.14% over 24 hours.
SHIB Rebounds From August Support Zone
Price action shows SHIB falling toward $0.00000430-$0.00000440 between August 12 and 14. The decline followed repeated failures around the $0.00000500 area earlier in August. However, SHIB has since recovered toward $0.00000457.
Source: Santiment
The move follows a broader consolidation period after late-July volatility. SHIB surged above $0.00000550 around July 25-27 before retreating sharply. It then spent much of the following period moving within a wider range.
The $0.00000430-$0.00000440 area currently represents immediate support. Meanwhile, $0.00000500 remains the key resistance level.
RSI and MACD Show Improving Momentum
The 14-period RSI currently stands at 53.26, above its average near 48.74. RSI has also moved above the neutral 50 level without reaching the 70 overbought threshold. The MACD has turned mildly positive as well.
Its histogram stands near 0.00000002, while MACD and signal readings are near 0.00000001 and -0.00000001. Volume currently stands around 381.52 million SHIB. Stronger volume accompanied the late-July breakout and the latest rebound.
A sustained move above $0.00000500 with stronger volume could expose $0.00000550-$0.00000570. Conversely, a drop below $0.00000430 could expose SHIB to another decline.
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President Trump will meet crypto, prediction market and traditional finance executives at the White House on August 19.
SEC Chairman Paul Atkins and CFTC Acting Chairman Michael Selig are expected alongside leaders from Coinbase, Ripple, Chainlink and Kraken.
The summit comes one day before the CFTC’s first Innovation Advisory Committee meeting and amid CLARITY Act negotiations.
President Donald Trump will attend a White House crypto summit Wednesday, August 19, with SEC Chairman Paul Atkins and CFTC Acting Chairman Michael Selig. Executives from Coinbase, Ripple, a16z, Chainlink, Paradigm, Kalshi, Kraken, Gemini, NYSE and Nasdaq are expected. The meeting will bring crypto, prediction market and traditional finance leaders together in Washington.
https://twitter.com/EleanorTerrett/status/2088379540431130795?s=20
Crypto Executives Set to Join White House Meeting
According to Politico, the White House plans to host the event one day before the CFTC’s Innovation Advisory Committee meeting. The White House had not confirmed the attendee list when Politico reported the plans.
However, people familiar with the plans told Semafor that several executives are expected Wednesday. Those names include Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse and executives from a16z and Chainlink.
Kalshi and Paradigm executives are also expected at the White House. Paradigm has backed Kalshi, while Digital Chamber representatives are also expected to attend.
Kraken, Gemini, the New York Stock Exchange and Nasdaq also received invitations, according to people familiar with the meeting. Some attendees remained unconfirmed, and it was unclear whether every expected participant would appear.
The event was initially planned as part of preparations for the CFTC committee’s first meeting. Organizers had earlier hoped to hold that meeting at the White House during the summer.
CFTC Committee Meeting Follows White House Event
The CFTC will hold its first Innovation Advisory Committee meeting Thursday, August 20. The 35-member panel includes executives from cryptocurrency, prediction market, finance and other industries.
Coinbase, Robinhood, Kalshi and Polymarket CEOs are expected to participate in the CFTC meeting. The gathering will follow the White House event by one day. The White House meeting also comes as the Senate considers the Clarity Act.
The bill remains pending and is expected to return before lawmakers after the August recess. According to Politico, Senate lawmakers are set to take up the legislation next month. The White House event and CFTC meeting will therefore occur within two days of each other.
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ICP remains trapped inside a long-term descending channel, with $2.14 support and $2.20 resistance defining immediate price direction.
A move above $2.34 could improve the recovery structure, while rejection may preserve the broader bearish Elliott Wave setup.
The projected $1.00-$1.20 target remains conditional, with the lower channel boundary serving as the main downside reference.
ICP price remains under pressure within a prolonged downtrend, while traders monitor nearby support, resistance, and projected wave structures for direction.
ICP Trades Inside a Tight Range
Internet Computer is as of writing trading around $2.17, according to the displayed market data. The token has remained between approximately $2.14 and $2.20 recently. That range now provides the clearest short-term technical boundaries.
Buyers have repeatedly defended the lower region near $2.14. However, sellers have appeared whenever the price approaches $2.19. Consequently, momentum remains compressed between both sides.
The displayed market capitalization stands near $1.20 billion. Meanwhile, 24-hour trading volume sits around $22.76 million. Circulating supply is shown at approximately 555.37 million ICP.
More Crypto Online addressed the broader weakness in a recent X post. The analyst noted a hypothetical $10,000 investment from ICP's $700 peak.
That position would now be worth approximately $31, according to the post.
Source: X
Descending Channel Controls the Broader Structure
The twelve-hour chart shows a large descending channel. Its upper boundary connects several major lower highs over time. The lower boundary has repeatedly attracted price after extended declines.
The current market sits closer to channel support than resistance. That positioning keeps the broader technical structure firmly under pressure. A sustained channel breakout would therefore change the present setup.
The Elliott Wave count adds another bearish scenario to the chart. Earlier labels identify major waves across the prolonged decline. The latest structure appears to classify the recovery as corrective.
The projected sequence includes additional waves before potential completion. Wave three could produce another strong directional move lower. However, that projection remains a technical scenario rather than certainty.
Fibonacci Levels Shape the Recovery Path
There are a number of Fibonacci levels above the market price. The chart has $2.34, $2.50 and $2.91 indicated as resistance levels.These levels correspond with visible retracement percentages on the chart.
The $2.34 area represents the first recovery hurdle. A move toward $2.50 would reclaim a deeper retracement level. Meanwhile, $2.91 would challenge the broader bearish interpretation more directly.
The projected downside extends toward approximately $1.00-$1.20. That region sits close to the descending channel's lower boundary. The Elliott Wave projection links this zone with a possible fifth wave.
Short-term traders therefore face two clearly defined levels. A break above $2.20 would improve immediate momentum conditions. Conversely, losing $2.14 could reopen the projected downside structure.
The chart remains centered on a battle between support and resistance. Price recovery has not yet produced a confirmed trend reversal. Until either boundary breaks decisively, consolidation remains the dominant short-term condition.
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