Cryptocurrency market news

It takes significantly less capital to move Ether’s price compared to Bitcoin, as ETH’s market cap is only one-fifth that of the leading cryptocurrency, according to QCP Capital.

Crypto exchange Bybit has entered into an agreement with Tether, the issuer of the USDT stablecoin, to promote cryptocurrency adoption in Brazil.

XRP's network activity has significantly declined, with a sharp drop in active addresses, which hindered the token's rise toward the $4 mark.

ResearchCoin (RSC) has surged in price following important news from Coinbase. According to data from the past 4 hours, the token's value jumped by 32.1%, reaching $0.535. A chart published by CoinGecko shows that the sharp increase began after Coinbase Assets officially announced the addition of RSC to its roadmap.

Although BlackRock's IBIT has traditionally led the crypto ETF market, this week the company’s Ethereum-based product attracted more capital. ETHA ranked second among all ETFs in the U.S. in terms of inflows.

Japanese company Quantum Solutions Co., Ltd., listed on the Tokyo Stock Exchange (code 2338), has announced the development of a new strategy aimed at building one of the largest corporate bitcoin reserves. The company is shifting its focus toward accumulating and holding bitcoin as a strategic reserve asset.

Bitcoin dropped below $116,000 on Friday under pressure from large fund transfers and growing caution ahead of the U.S. Federal Reserve’s meeting, which coincides with the release of a key crypto policy report on July 30.

The queue of Ethereum validators exiting the network has reached a record wait time, as many seek to unlock their coins following a sharp rise in ETH’s price. Validators are preparing to withdraw around 625,000 ETH, worth $2.3 billion, but strong institutional demand for staking may help ease potential sell pressure.

Ethereum (ETH) is approaching a critical juncture after an impressive 70% surge over the past month. Analysts are divided: some anticipate new highs soon, while others expect an inevitable correction before further gains.

As of 23:33 (20:33 GMT) on Wednesday, the cryptocurrency Cardano was trading at $0.8002, according to the Investing.com index, down 10.25% for the day. This marked the largest single-day drop in Cardano’s price since July 23.

In recent weeks, Ethereum (ETH) has outperformed its competitors thanks to increasing interest from institutional investors and inflows into exchange-traded funds (ETFs). According to Finbold’s AI-based price prediction model, ETH could reach $3,800 by August 31 — a 3.41% increase from its current price.

According to an expert, a true altcoin season is unlikely in the near future: the market is oversaturated, and the number of tokens has surpassed 43 million. The excessive number of projects leads to the dilution of investment fund capital, hindering overall growth.

Elon Musk’s aerospace company, SpaceX, has accessed its crypto holdings for the first time in three years. According to Arkham Intelligence, a wallet linked to SpaceX — “15oKQ…7Jf1G” — transferred 1,308 BTC (worth around $150 million) to a new address “bc1q8…hartf.”

According to Zach Pandle, Head of Research at Grayscale, the signing of the stablecoin bill by U.S. President Donald Trump had a positive impact on the crypto market, including major memecoins.

XRP’s latest price surge has pushed its market capitalization to $215 billion — overtaking global giants like McDonald’s and American Express (NYSE: AXP). This followed a 500% rally since July last year, when XRP reached a new all-time high of $3.65.

MEI Pharma Inc. has completed a $100 million private placement to fund a treasury strategy centered on Litecoin, becoming the first publicly traded company on a national exchange to hold LTC as its primary reserve asset.