Category: Crypto market

Ethereum to Retire Holesky Testnet Post-Fusaka Fork

Posted on by Olumide Adesina

Ethereum’s biggest testnet, Holešky, will shut down as part of a planned switch to the Hoodi testnet. Holešky will be shut down two weeks after the Fusaka network upgrade is completed.

ETH Foundation suggested that the upgrade take place sometime in the second half of September. It stated that the client, testing, and infrastructure teams would no longer support Holešky after this point.

Fusaka must be launched well in advance of November, as Ethereum core developers plan to introduce it on the mainnet at that time. When Holešky was first launched in September 2023, its mission was to test validator operations and staking infrastructure. According to the foundation, “the network fulfilled its function by allowing thousands of validators to test protocol upgrades, such as the Dencun network upgrade and most recently, Pectra.”.

The action demonstrates the dedication of the Ethereum community to enhancing each network layer.  The foundation recently hailed UX as one of Ethereum’s most promising leverage prospects for the upcoming six to twelve months Although scalability and decentralization via staking have long been top concerns,

Holešky experienced “extensive inactivity leaks” in early 2025, which led to a long exit queue even though it had reached its “planned end-of-life date.”. The foundation introduced Hoodi in March to offer a new testing environment free of those problems, even though it eventually recovered.

Moving all of Holešky’s staking operators and infrastructure to Hoodi, which is already compatible with the Pectra update and will enable future protocol upgrades, such as the impending Fusaka fork, is one of the next steps, according to the foundation.

Ethereum Foundation advised moving to Sepolia as the “recommended testnet” for testing decentralized apps and smart contracts.

Fusaka, also known as Fulu-Osaka, is Ethereum’s next major hard fork. It is planned for early November and aims to enhance rollups’ data access by more effectively allocating data availability workloads among network validators.

XRP Hits Oversold Territory, but Market Remains Uncertain

Posted on by Olumide Adesina

XRP struggles to maintain the $2.8 crucial support level. Technical indicators, such as the RSI (around 40), although the decline is less severe now, suggest that the market remains uncertain, neither fully bullish nor completely bearish. What happens next could influence Ripple’s short-term direction as September begins.

The immediate support is at $ 2.8, with a lower zone around $2.50, where previous consolidation and buying activity occurred. Traders are divided: will easing liquidation pressure trigger a relief rally, or is XRP heading for a further drop?

A stronger resistance band is forming near $3.10–$3.12, where a descending trendline and past rejections align. On the upside, resistance levels are clustered near $3. After weeks of heavy pressure, XRP tested the $ 70 support zone after breaking out of a symmetrical triangle. As often happens, a spinning bottom candlestick pattern has appeared on the daily chart as a potential sign of recovery.

XRP remains in a neutral zone, neither overbought nor oversold, with the current RSI near 40. This could lead to a technical rebound or further correction. The uncertainty influences short-term trading sentiment and the forecasted mixed ripple price.

If support at $ 2.8 holds, XRP may briefly rally toward $3, a level supported by several technical rejection points. Stronger resistance is anticipated at $ 3.1, which would come into focus if XRP surpasses $3.00. If bullish momentum returns, XRP could attempt to test $3.5, potentially driven by macroeconomic tailwinds, easing liquidations, or a broader recovery in the cryptocurrency market.

These targets support the case for a short-term increase within the current XRP price outlook, providing traders with key levels to monitor during any relief rally.

 

Will MSTR Stock Rebound This Week on Posible S&P 500 Entry?

Posted on by Skerdian Meta

A new wave of institutional demand is expected as a result of MicroStrategy’s sophisticated Bitcoin strategy and record-breaking profits report, which have raised rumors that the company may soon be included in the S&P 500.
Continue reading “Will MSTR Stock Rebound This Week on Posible S&P 500 Entry?” →

Ripple’s XRP Unveils Revolutionary Payment Solution for Over 50 Countries

Posted on by Olumide Adesina

Ripple, a leader in blockchain-based payment solutions, showcased an exciting example of its platform that enables stablecoin settlements in over 50 global markets. Businesses can expect faster, more transparent, and more cost-effective cross-border transactions with this initiative.

Ripple released a platform demo for illustration. This demonstration shows how its RLUSD stablecoin, designed to simplify transactions across more than 50 countries and facilitate conversion into fiat currency, works. The demo clearly proves that Ripple’s RLUSD stablecoin settlement system can operate effectively in most markets. It helps users easily see how Ripple’s digital US dollar (RLUSD) integrates with their payment processes, allowing them to send money directly to recipients in over 50 nations.

This platform makes cross-border transactions easier for institutional and business clients. Its goal is to improve speed, affordability, and transparency compared to current systems. The demo highlights advanced features like beneficiary management, detailed reporting, and payment tracking.

Businesses can monitor real-time transaction flow, convert assets, and initiate payments. Ripple offers a public demo of its product to encourage adoption and emphasize its transparency and accessibility. Recently, Ripple expanded beyond enterprise settlement tools into decentralized finance by launching the RLUSD stablecoin on Aave’s Horizon RWA market.

This project reflects Ripple’s aim to establish a strong presence in the stablecoin and payment settlement markets. Ripple is investing in state-of-the-art demo tools to show its commitment to standing out.

September XRP Price Outlook: Recovery Hopes Off Support with Ripple Adoption in Focus

Posted on by Skerdian Meta

XRP has staged a strong rebound this summer, fueled by a long-awaited legal settlement, whale accumulation, and growing anticipation around possible ETF approvals. Continue reading “September XRP Price Outlook: Recovery Hopes Off Support with Ripple Adoption in Focus” →

Japanese Gaming; Gumi Favors XRP with $17 Million Investment Over Bitcoin

Posted on by Olumide Adesina

Japanese mobile gaming company Gumi announced plans to purchase ¥2.5 billion ($17 million) worth of XRP over the next five months. This marks one of the largest institutional treasury allocations into XRP so far and is part of Gumi’s broader strategy to adopt blockchain technology.

This is Gumi’s most substantial cryptocurrency acquisition to date. The company previously invested ¥1 billion in Bitcoin as part of its treasury holdings. The new ¥2.5 billion investment in XRP more than doubles that amount, indicating a clear preference for XRP’s liquidity and payment features.

“Contributing to the expansion of the XRP ecosystem, which plays an important role in international remittance and liquidity network strategies primarily promoted by SBI Holdings,” Gumi said in a statement regarding the acquisition. In response, attorney and XRP supporter Bill Morgan noted that this represents another step forward in institutional adoption.

Gumi’s purchase aligns with several other significant developments involving XRP. Donald Trump specifically mentioned XRP earlier this year when discussing the possible creation of a U.S. cryptocurrency reserve.

His remarks fueled speculation about XRP’s potential role at the policy level, though no further action has been taken. SWIFT recently announced that it has begun testing payment systems based on blockchain technology, including the Hedera Hashgraph and XRP Ledger. Regarding regulation, Ripple has also settled its lengthy legal dispute with the SEC, removing a major source of uncertainty.

BMNR: BitMine Shares Fall 4% in Sync with ETH Drop Below $4.3K

Posted on by Olumide Adesina

Bitmine’s stock price fell 4% during the last trading session of the week as Ethereum dropped below $ 4.3K

BMNR stock was positively correlated with Ethereum on Friday. BitMine’s rise to one of the most liquid US stocks indicates strong trading activity and investor interest, which could generate short-term momentum.

However, this approach also makes the company more vulnerable to fluctuations in Ethereum’s price and the need for continuous capital inflows, especially considering the risk of share dilution and ongoing follow-on offerings. Recent price declines and mixed options sentiment suggest that not all market players will view its recent actions as sustainable, though the company’s aggressive treasury strategy caused a spike in trading.

BitMine Immersion Technologies (BMNR), an Ethereum treasury firm, has increased its cash and cryptocurrency holdings to $ 8.82 billion, including  1,713,899 ETH, making it the largest ETH holder.

BitMine has established itself as a leader in corporate ETH accumulation by boosting its purchases in recent weeks following the launch of its ETH-denominated treasury program in late June. Management reaffirmed on Monday their long-term goal to acquire up to 5% of ETH’s total supply. They stated that last week’s purchases increased their total cryptocurrency plus cash holdings by $ 2. 02 billion from $ 6. 66 billion a week earlier, and boosted their ETH balance by over 190 190,500 tokens from 1. 52 million.

Spot ETH inflows and rising institutional interest have coincided with broader growth in corporate ETH treasuries. The Ethereum treasury fund ETHZilla, backed by Peter Thiel, also disclosed holdings of up to $215 million in cash or cash equivalents and expanded its ETH holdings to 102,237. SharpLink Gaming, another publicly traded ETH buyer, increased its holdings by $667 million.

Public company ETH treasuries now total over $12 billion and account for more than 2% of the approximately 120,7 million ETH in circulation.

 

Forex Signals Brief August 28: US Core PCE Inflation Ticks Up, Canadian GDP Dips

Posted on by Skerdian Meta

The US dollar extended its decline as traders weighed stronger PCE inflation signals from the US against lackluster Canadian GDP figures, both pointing to shifting momentum in currency markets. Continue reading “Forex Signals Brief August 28: US Core PCE Inflation Ticks Up, Canadian GDP Dips” →

ZachXBT Calls Out XRP as Ripple’s Insider Exit Strategy

Posted on by Olumide Adesina

ZachXBT, a prolific blockchain researcher, has voiced his displeasure with the persistent requests for assistance from some segments of the cryptocurrency community. In particular, the anonymous investigator is unwilling to assist XRP holders because, in his opinion, they “offer nothing of value to the industry except exit liquidity for insiders.”

 

The original request (since deleted) came from a Ripple user who lost over $33,000 trying to claim tokens from an airdrop.

According to screenshots posted by another X user, “Ripple holders are not worth supporting because they provide nothing of value to the industry other than exit liquidity for insiders (Likewise with Cardano, Pulsechain, Hedera, etc.).”. The victim likely used a malicious wallet app that drained money on several chains.

ZachXBT claims he “will make fun of anyone” from the Ripple community who seeks assistance after being conned, without specifically targeting any users. Additionally, he complains that the Ripple foundation is “cheap.”.

ZachXBT feels that “the best option is to file an IC3 report and trace to exchanges” since there isn’t a forensics service tailored to the Ripple community

Chris Larsen, a co-founder of Ripple Labs, was reportedly eager to contribute more than $9 million to support a drone-led surveillance unit for the San Francisco Police Department (SFPD) earlier this year, despite the Ripple Foundation’s apparent disregard for its own shareholders.