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Important Ripple News and XRP Price Update: August 11

🚨 XRP is facing significant selling pressure, nearing a dip below $1.00 for the first time in nearly two years, despite Bitcoin's stability around $64,000.

📈 The XRP Ledger has seen a remarkable 400% growth in tokenized real-world assets, reaching $4.4 billion, but the community has been warned about phishing scams and fake giveaways.

🔍 Ripple is making strides in regulatory progress, recently securing a full MiCA license, while XRP ETFs have seen minimal inflows, indicating a lack of institutional support amidst bearish market sentiment.

XRP Dumps to 21-Month Low as BTC Price Falls to $64K: Market Watch

📉 Bitcoin's price peaked above $65,000 but faced a significant drop, settling around $64,000 after being rejected, with a market cap now below $1.290 trillion.

🔻 Ethereum and XRP also saw declines, with ETH dropping below $1,900 and XRP nearing a 21-month low just above $1.00, while other altcoins like BNB and DOGE experienced gains.

💰 The overall cryptocurrency market cap has decreased by approximately $40 billion, bringing the total down to $2.250 trillion.

Pi Network’s PI Crashes Below Key Support as Pioneers Await Major Update Today

📉 Pi Network's native token, PI, has seen a significant drop below the crucial support level of $0.09 after a brief rally, with its market cap now under $950 million.

🔧 The community is eagerly anticipating the second-to-last protocol upgrade (version 26), which is due by August 11, with warnings for Mainnet Nodes to upgrade to avoid disconnection.

🤔 Despite the importance of version 26 as a precursor to the final upgrade, there has been little communication from Pi Network regarding its deployment, leaving Pioneers in suspense.

Only 90 Bitcoin Wallets Hold 10K+ BTC: And That Number Just Hit a 6-Month High

🚀 Bitcoin's price dipped below $64,000 after failing to maintain a push above $65,000, with a decline of over 1.6% in the past day.

💼 The number of elite Bitcoin wallets holding at least 10,000 BTC has surged to a six-month high of 90, indicating a shift of supply towards stronger hands, while smaller holders are losing ground.

📉 Institutional interest waned with $144.67 million in net outflows from US spot Bitcoin ETFs, marking the first negative session in August, as major players like BlackRock and Grayscale faced significant losses.

195 Days and Done: Why This Crypto Prediction Platform Just Shut Down

🔥 Fireplace, the prediction markets trading terminal, is shutting down, giving users until September 30 to close positions and withdraw funds after raising $1.5 million in February.

📉 The platform launched on January 27 and garnered significant interest with over 30,000 traders on a waitlist, but no reason for its closure was provided.

💰 Meanwhile, other prediction market venues like Kalshi and Polymarket continue to thrive, raising billions and dominating the market despite Fireplace's exit.

Solana (SOL) Shows 3 Bullish Signals: $100 Target Is Back in Sight

🚀 Solana's price has surged over 6% this past week, currently trading above $76, with analysts predicting a potential breakout towards $100 if key resistance levels are surpassed.

📈 Analyst Ali Martinez highlights a bullish setup with a significant buy signal on the daily chart, indicating that a break above $78 could lead to further gains, possibly reaching levels not seen since February 2026.

🌐 The Solana blockchain has been active, with BlackRock launching a money market fund and Western Union introducing a digital wallet, while the network processed a record 1.01 billion transactions in a week, showcasing its growing adoption and market share.

North Korea’s Kimsuky Turns to AI as Crypto Firms Face New Threats

🤖 Kimsuky is developing local AI environments to enhance its cyberattack capabilities, specifically targeting the cryptocurrency and financial sectors, using tools like Ollama and GPT4All to minimize data exposure.

📊 The group is integrating AI into its operations, evidenced by attempts to connect documents to AI systems for knowledge sourcing, and collecting libraries for automated agents and document retrieval.

💰 North Korea-linked attackers accounted for over 55% of cryptocurrency thefts in the first half of 2026, with significant losses tied to state-sponsored groups, highlighting their ongoing threat to the crypto industry.

Keith Grossman Warns Crypto Must Prove Its Value as 100+ Projects Fold in 2026

🚨 Over 100 crypto projects have shut down or filed for bankruptcy in 2026, prompting a critical reevaluation of whether they are meeting real user needs, according to MoonPay President Keith Grossman.

📉 Grossman draws parallels between the current crypto slump and the dot-com crash, emphasizing that merely launching a token or blockchain isn't enough; projects must demonstrate genuine value to survive.

🔍 He highlights that many closures, including notable platforms like Tally and exchanges like BitMart, illustrate that high usage doesn't guarantee sustainable revenue, urging the industry to focus on viable business models.

Key Shiba Inu (SHIB) Metric Hits Monthly High: Breakout Ahead or Not Yet?

🐶 **Shibarium Revival:** Shiba Inu's layer-2 solution, Shibarium, shows signs of improvement with daily transactions rising to nearly 4,500, the highest since July, sparking hope for the SHIB community.

📉 **Bears Still in Control:** Despite the uptick, concerns remain as the amount of SHIB on exchanges has surged to 87.5 trillion, indicating increased selling pressure and a potential short-term price decline.

🔥 **Burn Rate Decline:** The burn rate of SHIB has plummeted by 75% in the past week, challenging the token's scarcity strategy, while current price levels hover around $0.000004654, with analysts eyeing a potential breakout above $0.00000475 for a bullish reversal.

Analyst Predicts Big Market Moves Before Q4 as Traders Grow Bored in Quiet Crypto Market

🚀 Bitcoin is poised for explosive moves ahead of expected Q4 lows, as the market experiences an unusually quiet phase that has left traders feeling bored.

📉 Analyst Sykodelic has entered a short position after a weak weekly close, anticipating a drop to $60,500 before a significant upward reversal.

🔍 Despite recent volatility, other analysts are showing optimism, citing signs of a completed correction and bullish indicators, while Bitcoin remains around $65,000, down nearly 45% over the past year.

BTC Price Drops Below $64K as Peter Schiff Urges Investors to Sell Bitcoin

📉 Bitcoin's price has dropped significantly after being rejected at $65,200, falling below $64,000 shortly after.

💰 Peter Schiff criticized Bitcoin's recent performance, suggesting that it has lost appeal as collateral, especially after Strategy's fourth BTC sale this year.

⚖️ Schiff compared Bitcoin to gold, stating that as gold rallies, Bitcoin tends to decline, labeling it the "anti-gold."

Will the ‘Old Man’s Punch’ Finally Hit or Fail? Bitcoin (BTC) Faces a Critical Test

🚀 Bitcoin is testing the $65,400 resistance level this week, with analysts emphasizing the need for multiple weekly closes above this mark to confirm a breakout, rather than just brief surges.

📉 Market psychology has shifted, with stablecoin holders now more fearful of missing out on Bitcoin's potential rise, leading to increased accumulation as investors seek to avoid remaining in stablecoins.

📈 US-based spot Bitcoin ETFs experienced their best week since April, attracting $853.54 million in inflows, indicating strong institutional interest and surpassing the combined inflows of the previous four weeks.

Ripple Price Analysis: What Are XRP’s Next Targets if $1.00 Support Cracks?

📉 XRP is facing significant selling pressure, currently testing the critical support zone of $1.01-$1.04, with a bearish trend prevailing as it trades below key moving averages.

🔍 The daily chart indicates weak bullish momentum, with recent price action showing lower highs and a rejection around $1.14-$1.15, making the support area crucial for buyers.

🚀 A strong defense of the current support could lead to a rebound, but reclaiming resistance levels above $1.07 is necessary to shift the bearish outlook; otherwise, a breakdown could push XRP towards lower demand zones.

Top Bitcoin (BTC) Price Predictions as Many Analysts Believe the Bottom Is In

🚀 Bitcoin's price has surged 16% to around $65K from a low of under $58K, leading some analysts to believe the bear market may be over and a rally could be imminent.

🐋 Increased whale activity and institutional interest, particularly in spot Bitcoin ETFs, indicate growing confidence in the market, potentially attracting more retail investors.

⚠️ Despite optimism, caution remains as major corporate holder Strategy has sold BTC, and historical trends suggest August could be a challenging month for Bitcoin prices.

Bitmine Tops 5.8 Million ETH Even After Scaling Back Its Latest Buy

🚀 Bitmine Immersion Technologies has increased its Ethereum holdings to over 5.8 million tokens, worth approximately $11.2 billion at a price of $1,928 per token.

📉 The company's accumulation pace has slowed, with recent purchases dropping from over 42,000 ETH earlier in the summer to just 7,391 ETH last week.

💡 Despite the slowdown, Chairman Tom Lee remains optimistic about Ethereum's long-term outlook and notes that easing financial conditions could benefit the crypto market.

Strategy Dumps Another 1,690 BTC in Ongoing Bitcoin Sell-Off

💰 The world's largest corporate holder of bitcoin has sold 1,690 BTC for $108.6 million, using the funds to repurchase 1.15 million STRC preferred shares.

📉 Their total bitcoin holdings have decreased to 840,447 BTC, originally acquired for $63.36 billion at an average price of $75,385.

🔄 Despite the sell-off, some analysts suggest the company may be resuming bitcoin purchases, while another group, H100, has confirmed a significant acquisition of 2,455 BTC.

Better luck next time...

2 Big Reasons Why Ripple (XRP) May Be Ready for a Bull Run

🚀 Ripple's XRP has seen a 3% weekly and 7% monthly decline, currently trading at around $1.03, but analysts suggest potential catalysts for a rally.

📈 The Tom DeMark Sequential indicator has signaled a buy on XRP's monthly chart, historically indicating major price reversals, while whale investors have accumulated over 380 million XRP recently, boosting market confidence.

🔍 Analysts highlight a critical resistance level at $1.06, with predictions that a monthly close above this could lead to price targets of $1.35 or even $1.64, despite recent regulatory delays impacting the asset's performance.

3 Altcoins Post Double-Digit Gains as Bitcoin (BTC) Reclaims $65K: Market Watch

🚀 Bitcoin's price remains stable around $65,000, showing resilience after a brief dip to $62,200 earlier in the week, with market cap reclaiming $1.3 trillion.

📈 Several altcoins are experiencing notable gains, with Bitway surging 20% and WLD and PUMP both rising around 13%.

📉 Despite the excitement in some altcoins, major cryptocurrencies like ETH and BNB show minimal movement, while the overall crypto market cap hovers near $2.3 trillion.

H100 Group Nearly Triples Bitcoin Treasury With Record $154 Million Purchase

🚀 H100 Group has made its largest Bitcoin purchase to date, acquiring 2,455.37 BTC, bringing its total holdings to 3,506.4 BTC valued at nearly $230 million.

📈 The all-Bitcoin deal, valued at 1.x mNAV, positions H100 among the largest public Bitcoin treasury entities in Europe while maintaining BTC-per-share metrics.

💸 Despite the significant acquisition, H100's average purchase price of $78,400 means the company is currently at a loss on its Bitcoin investments.