Category: Crypto market

Forex Signals Sept 24: Markets Eye Key Inflation and Policy Updates: Australian CPI & SNB

Posted on by Skerdian Meta

This week’s focus shifts to fresh inflation signals from Australia and a policy update from the Swiss National Bank (SNB), both carrying potential implications for global market sentiment. Continue reading “Forex Signals Sept 24: Markets Eye Key Inflation and Policy Updates: Australian CPI & SNB” →

Forex Signals Sept 23: Services, Manufacturing PMIs, As Gold Price Heads to $4K

Posted on by Skerdian Meta

Gold made yet another record high yesterday as it heads to $4,000, while today the US and European services and manufacturing will highlight the day. Continue reading “Forex Signals Sept 23: Services, Manufacturing PMIs, As Gold Price Heads to $4K” →

Shariah-Compliant XRP: Bahrain Central Bank’s Nod Fuels Ripple Breakout

Posted on by Olumide Adesina

The Shariyah Review Bureau (SRB) of the Central Bank of Bahrain has officially confirmed that XRP is suitable for their needs.

This recognition marks a major turning point for Ripple’s digital asset, boosting its status as a leading international payments solution and paving the way for broader adoption in Islamic finance markets. As one of the most reputable Shariah advisory organizations in the Middle East, the SRB ensures that financial products comply with Islamic law.

The bureau essentially certifies XRP’s use in financial services and transactions within Shariah-compliant regions and institutions by declaring it compliant.

This approval is important not only in Bahrain but also in Saudi Arabia, the United Arab Emirates, and other key Islamic finance centers. This milestone supports Ripple and the XRP Ledger’s goal to become a trustworthy cross-border payment system. Remittances from the Gulf and the Middle East are substantial.

With remittances from these regions totaling hundreds of billions of dollars annually, XRP’s Shariah compliance offers banks, fintechs, and businesses an affordable, legally compliant settlement option.

This approval aligns with the increasing institutional adoption of blockchain technology, according to market analyst Pumpius. As a utility token that links currencies and simplifies international payments, XRP is gaining credibility beyond speculation, helped by legal clarity in major jurisdictions and now by Shariah recognition.

ETHZilla Ignites $350 Million Firepower for Ethereum’s DeFi Domination

Posted on by Olumide Adesina

ETHZilla aims to raise an additional $350 million through convertible bonds. The proceeds will be allocated to further purchases of Ether and investments in yield-generating ecosystems.

McAndrew Rudisill, the chairman and CEO of ETHZilla, announced on Monday that the company plans to tokenize real-world assets and utilize layer-2 protocols to deploy Ether into “cash-flowing assets” on the Ethereum network. He stated, “With a large amount of fixed operating leverage and consistent positive cash flow, we believe our business model is highly scalable.”

The company’s disclosed financials reveal that the Ether treasury has already earned $11.5 million in unnamed tokens through its active participation in the ecosystem. An increasing number of digital asset companies are now focusing on generating yields through active engagement rather than simply holding cryptocurrency.

According to the company’s financial statements, ETHZilla has earned $1.5 million in unnamed tokens through its ecosystem activities. The company added, “ETHZilla continues to actively deploy capital across the Ethereum ecosystem, strategically supporting a diverse range of protocols that drive innovation, long-term network growth, and differentiated yield.”

With the previous $156.5 million raised through convertible bonds, ETHZilla now has more than $506 million in its war chest. If the full $350 million from the new issue is used for additional Ether purchases, more than $428 million could be added to ETHZilla’s collection of 102,000 tokens.

XRP suffers Midnight Flash, Vampires Suck Ripple

Posted on by Olumide Adesina

XRP experienced a significant decline, falling approximately 5% amid cryptocurrency market volatility. The token dropped from around $3.01 to a low of $2.9 before stabilizing at $2.92.

A flash crash at midnight resulted in over $261 million in trading volume, which is four times the daily average. This decline followed Bitcoin’s drop below critical levels, moving from $118K to around $112K, causing over $1 billion in liquidations across major cryptocurrencies, ETH, SOL, and ADA, where altcoins saw losses between 4% and 8%.

XRP has seen a significant increase, rising from below $1 at the end of 2024 to a 400% gain year over year, despite a recent dip. This suggests that the current situation resembles a leverage flush within a bull market, rather than a full-blown crash like the one witnessed in 2022.

A “structural consolidation” developed around the $3.00 resistance level as sellers flooded the market. Overnight, ETF flows and whale activity shifted from inflows to outflows, influenced by macroeconomic pressures in the U.S.

A dragonfly Doji reversal was printed by the Dollar Index (DXY) at the 96.37 support level (currently at 97.65), indicating a potential recovery of the USD in light of high Treasury yields.

This risk-off sentiment has notably impacted the cryptocurrency market. Stronger-than-expected inflation numbers could dampen expectations for a rate cut in September. With Fed speeches and Friday’s PCE inflation data expected to show a YoY increase of 2.9%,

, XRP’s weekly MACD has crossed bearish, similar to patterns from May 2021 and March 2025, which typically precede retracements of 50–60%. The oversold stochastic RSI indicates a potential for recovery; however, if XRP cannot hold the support at $2.80–$2.91, it may test levels as low as $2.57 or even $2.30.

ETH in Freefall: Flash Crash Slams Ethereum Toward $4K Abyss

Posted on by Olumide Adesina

Ethereum (ETH) recently experienced a severe flash crash, causing its price to plummet toward the $4,000 support level before it began to stabilize. This sharp decline resulted in over $1 billion in liquidated long positions across the cryptocurrency market within a single hour. Below is a summary of the key points, the reasons behind the crash, and what to watch for next.

 

ETH fell by as much as 7% by mid-morning UTC, breaking below the $4,400 mark and briefly dropping to between $4,000 and $4,050. A string of stop-loss orders that were triggered made the sell-off worse.

Ethereum’s price has been consolidating and has yet to breach the critical $5,000 barrier. Following a strong rally beginning in April, which allowed the asset to surpass several resistance levels, this consolidation phase is expected to continue unless the market can overcome the $4,800 level in the coming weeks.

 

Funding rates indicate the aggressiveness of buyers and sellers in the futures market; higher funding rates suggest that buyers are taking more aggressive positions. The chart reveals that the 7-day moving average of funding rates has remained positive for an extended period.

However, these figures do not compare to the highs recorded in March 2024 and late 2024, when the price also reached all-time highs. With the futures market not yet at a significant level, this could indicate that there is still potential for the market to expand further.

Forex Signals Sept 22: Markets Await PCE Besides Micron MU and Costco COST Earnings

Posted on by Skerdian Meta

This week is packed with central bank updates and critical economic releases, with special attention on the U.S. PCE inflation report — a metric closely followed by the Federal Reserve to gauge policy direction.

Continue reading “Forex Signals Sept 22: Markets Await PCE Besides Micron MU and Costco COST Earnings” →

Bitcoin Crash To 111.8K, $1 Billion BTC Longs Liquidated

Posted on by Olumide Adesina

Bitcoin (BTC) fell below $112K during the early Asian trading session on Monday. Altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) also experienced declines, while meme coins faced even larger losses.

Bitcoin longs worth over $1 billion were liquidated within just 20 minutes following a sharp price drop. This significant washout was driven by low liquidity, a common occurrence during the Sunday night session.

Typically, when the US market opens, traders buy the dip. However, caution is advised, as the Bitcoin daily chart indicates it is hovering around its 50-day Exponential Moving Average (EMA), a key support level at $110,000. Further losses in Bitcoin and the broader cryptocurrency market could occur if prices fall below this support zone. Moreover, the Relative Strength Index (RSI) on the daily chart shows early bearish momentum, as it has dropped below the neutral level of 50, further affirming a bearish trend.

According to CryptoQuant data, Bitcoin displays conflicting signals on on-chain metrics, indicating uncertainty among traders. As large deposits into exchanges decrease, selling pressure on Bitcoin remains low, suggesting a potential bullish scenario. The total amount of Bitcoin entering exchanges has declined to a 7-day moving average of 25,000 BTC, among the lowest levels in over a year. This marks a significant drop from 51,000 BTC on July 17, when Bitcoin first traded around $120,000. Additionally, the average deposit amount per exchange has decreased from 1.14 BTC on July 18 to as low as 0.57 BTC so far in September, indicating reduced selling pressure.

Furthermore, as large investors position themselves ahead of the Fed’s decision, the total amount of USDT deposited into exchanges is increasing, providing the liquidity needed for a potential cryptocurrency rally.

The current market appears to be driven by retail investors rather than large wallets, suggesting it is a retail-driven environment rather than one dominated by whales, which is indicative of a bearish scenario. Inflows into wallets containing Bitcoin from 0 to 0.001 BTC totaled approximately 719,000 BTC between early September and Wednesday, while wallets holding between 0.001 and 0.01 BTC recorded roughly 97,000 BTC

Retail investors are currently propelling the market through a large number of small-volume transactions, suggesting a gradual climb towards $120,000 as this accumulation pattern unfolds. However, a sudden increase in whale activity could quickly trigger a correction and alter the market’s direction, so traders should remain cautious.

BlackRock’s Ripple Swell Debut Signals Morgan Stanley-Backed XRP Boom

Posted on by Olumide Adesina

Morgan Stanley has made progress in analyzing Ripple’s potential to disrupt traditional cross-border payment systems, including SWIFT. Experts within the firm speculated that the successful launch of a spot XRP ETF could generate up to a trillion dollars in liquidity for the XRP ecosystem.

This estimate is based on the idea that XRP can reduce the operational costs of cross-border transactions by sixty percent, freeing up a significant amount of dormant bank capital and effectively positioning it as a competitor to SWIFT.
BlackRock, the world’s largest asset management company with over $10 trillion in assets under management, has also shown interest in Ripple and XRP, although it has not yet filed for an ETF.

The company confirmed that its Director of Digital Assets, Maxwell Stein, will participate in Ripple’s flagship Swell 2025 conference on November 4-5, 2025, in New York. This event will feature more than sixty speakers, including Nasdaq CEO Adena Friedman, and will cover topics such as tokenized assets, stablecoins, and the broader adoption of blockchain technology.

Rumors have emerged about a potential XRP ETF from BlackRock following Stein’s participation, especially after the resolution of the Ripple-SEC lawsuit in August 2025, when both sides dropped their appeals. ETF Store President Nate Geraci noted that this outcome removes a significant hurdle and predicts that BlackRock will be the next to file for an ETF after Bitcoin and Ethereum.

MSTR Stock Defies S&P Rejection, Starts Rebound as BTC Bet Gains Momentum

Posted on by Skerdian Meta

MicroStrategy’s Bitcoin-focused strategy is still in the news despite the S&P 500 committee rejecting it because it continues to receive institutional support and generate remarkable returns.
Continue reading “MSTR Stock Defies S&P Rejection, Starts Rebound as BTC Bet Gains Momentum” →