MicroStrategy’s Record Earnings Overshadowed by 12% MSTR Stock Slide

Posted on August 3, 2025August 2, 2025 by Skerdian Meta

MicroStrategy stunned Wall Street with a record-breaking Q2 earnings report, but its stock still tumbled as Bitcoin volatility and profit-taking weighed on investor sentiment. Continue reading “MicroStrategy’s Record Earnings Overshadowed by 12% MSTR Stock Slide” →

Ethereum Faces More Market Pain, $3K Support

Posted on August 3, 2025August 3, 2025 by Olumide Adesina

On August 2nd, Ethereum dropped below the key support level of $3,400 after a substantial inflow of 200,573 ETH into exchanges. This surge indicates increased sell pressure and suggests a potential decline toward $3,000 or lower.

(ETH) broke through the critical $3,550 support level, ending a brief range that had existed since mid-July between $3,550 and $3,860. A large inflow of 200,573 ETH to centralized exchanges caused this breakdown, indicating increased selling pressure.

The possibility that ETH will test lower price targets close to $3,200 or even $3,000 shortly increases with such a move.
A whale moved more than 26,000 ETH to well-known exchanges like Binance and Kraken, according to LookonChain data, suggesting possible liquidation intentions. Furthermore, it has been reported that BitMEX co-founder Arthur Hayes sold 2,373 Ethereum (ETH) for $8.32 million and 7.76 million Ethena (ENA) tokens for $4.62 million. These significant movements add to the pessimistic market sentiment and challenge bullish assumptions.

The Ethereum exchange netflows averaged -16,644 ETH throughout July, a negative 7-day average that showed consistent accumulation, according to CryptoQuant.

But the August 1st spike of more than 200,000 ETH entering exchanges suggests that selling pressure may be on the horizon. The increase in on-chain activity is being monitored, although data from a single day does not indicate a trend reversal.

Ripple Transfers $2 Billion, Whales Dump 700 million XRP

Posted on August 3, 2025 by Olumide Adesina

Ripple transferred 700 million XRP, worth over $2 billion, in a series of high-volume escrow transactions on August 2. 100 million XRP, 500 million XRP, and an additional 100 million XRP were transferred in three tranches. According to on-chain data from blockchain tracker Whale Alert, each was later re-locked into escrow.

These actions align with Ripple’s established approach to controlling the XRP in circulation and are part of its larger monthly process to unlock 1 billion XRP. Additionally, Whale Alert detected two separate transfers of 200 million and 300 million XRP from anonymous wallets to Ripple before the escrow transactions. This suggests internal repositioning is likely related to the monthly release mechanism.

Every month, Ripple’s escrow system releases one billion XRP; to manage supply, it typically re-locks between 700 million and 800 million XRP. The 700 million XRP relocked on August 2 indicates that approximately 300 million XRP was retained for potential distribution or use.

Curiously, XRP has already begun to show bearish signs, as evidenced by its sharp decline over the past day, reflecting broader market weakness. Large whale outflows have caused the asset to drop below the crucial $3 support level, and analysts warn of further downside. According to Ali Martinez’s August 2 X post, whales sold over 710 million XRP in the last day, based on on-chain data.

Visa Boosts Crypto Push with Stellar, Avalanche

Posted on August 2, 2025 by Olumide Adesina

Visa is expanding its support for additional cryptocurrencies and blockchains as it continues its journey into digital assets.

The world’s second-largest card payment company announced in a press release that it is expanding its support for two blockchains, two additional USD-backed stablecoins, and the EURC, which is backed by the euro. Paxos and the company have partnered, adding the Global Dollar (USDG) and PayPal USD (PYUSD) as two more stablecoins to the company’s portfolio.

The new additions include Stellar, Avalanche, which already support the Ethereum and Solana blockchains. Additionally, the addition of Circle’s stablecoin, EURC, broadens the range of stablecoins. “To help meet the needs of our partners worldwide, Visa is constructing a multi-coin and multi-chain foundation,” stated Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships. We think stablecoins are scalable when they are trusted.

Prominent US banks have openly expressed their thoughts about investigating or integrating stablecoins into their regular business operations, including JPMorgan, Citi, and Goldman Sachs. After years of practical trials and collaborations, the company’s network has now integrated four stablecoins and four blockchains. One noteworthy example is their partnership with Bridge, a division of Stripe, earlier this year, which allows Visa cards linked to stablecoins to be used at any Latin American merchant that takes them.

Bridge essentially imitates normal transactions by taking out the required funds and converting them to local fiat. Stablecoins are undoubtedly a mainstay among cryptocurrency-adopting institutions; their market capitalization has doubled since the beginning of the year and is currently over $265 billion.

Ninety percent of businesses have tested or used stablecoins in 2025, mainly to reduce cross-border, according to the Ivy Analytics platform.

Solana Slides to $165: Bargain or Bust ?

Posted on August 2, 2025 by Olumide Adesina

Solana dropped 8% to reach lows of $165 amid widespread selling pressure in the crypto market

The 50-day SMA ($161) now serves as the next support level. Bulls will try to push the SOL/USDT pair above $185 if the price rebounds from the 50-day SMA. Bears gain an advantage if the 50-day SMA is broken and closes below it. In that case, the price might fall to $126.

However, bulls might see the decline as a buying opportunity, especially as volatility prompts some investors to take profits. High buying pressure could see the altcoin rise to $209.

The Relative Strength Index (RSI) stands at 45 after SOL moved out of overbought territory, below the midpoint, and is declining, indicating a potential shift in momentum toward the oversold zone.

The Moving Average Convergence Divergence (MACD) on SOL’s daily chart also suggests bearish momentum following a downward trend. Some analysts expect SOL’s price to surge to $500 if spot Solana ETFs are approved.

The immediate response has been negative, although Project Crypto aims to legitimize blockchain markets and bring long-term clarity. Traders seem to be preparing for possible delays, enforcement challenges, or simply locking in profit gains.

Ethereum Crash below $3.5K Amid Market Blood Bath

Posted on August 2, 2025 by Olumide Adesina

Ethereum dropped below $3,500 on August 2, reflecting market fatigue and pessimism. Increased selling pressure and market exhaustion are the main reasons for this sell-off.

Significant net outflows from exchanges indicate heightened selling activity, and technical indicators, including the RSI and MACD, suggest that the market is oversold.

ETH’s bearish trend can be attributed to these factors. The recent price dip below $3,500 marks a major shift in the cryptocurrency market, driven by sentiment and technical signals.

The overall exhaustion in the market is evident in this decline, affecting ETH and related assets. According to market analysts, the lack of official statements from Ethereum leaders like Vitalik Buterin or Joseph Lubin suggests that the drop is based on general market conditions rather than news specific to any project.

Ether’s net outflows, which represent the amount of cryptocurrency leaving exchanges, indicate investors’ intentions to sell or hold their assets off-exchange. On August 1, 2025, these outflows totaled $113 million, suggesting a bearish outlook for the market.

Market analyst Michaël van de Poppe has pointed out that this trend puts downward pressure on the prices of Ethereum (ETH) and Bitcoin (BTC). Currently, technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) show that Ethereum is oversold. This implies that, despite the bearish environment, a reversal or stabilization may occur soon, aligning with patterns observed in previous market cycles.

$125 million Ripple Fine Frozen Pending SEC’s Next Move

Posted on August 2, 2025 by Olumide Adesina

XRP’s final settlement with the SEC has been delayed because Ripple’s $125 million penalty is still in escrow and has not been transferred to the U.S. Treasury, pending the withdrawal of both Ripple’s and the SEC’s appeals. Since the SEC has not yet withdrawn its appeal in the XRP case, Ripple’s $125 million penalty remains in escrow.

The transfer to the U.S. Treasury is on hold until both parties withdraw their appeals, although Ripple paid the money in cash.

The case remains open, and the funds are kept safely in escrow.

The SEC is still appealing, but Ripple has withdrawn its cross-appeal. Marc Fagel, a former SEC attorney, explained that a joint dismissal is needed for the escrow to be released. Judge Torres’s decision is not final until the SEC completes an internal vote to approve dismissal, so the penalty stays in escrow until then.

Recent Washington initiatives, such as SEC Chair Paul Atkins’s “Project Crypto,” aim to modernize securities regulations. These regulatory changes suggest a more targeted approach, treating fewer tokens as securities. This evolving landscape could speed up the resolution of cases like the XRP lawsuit against Ripple. The penalty was paid in cash, not XRP tokens.

The penalty will not be transferred until the court’s decision is final and Ripple and the SEC jointly withdraw their appeals. Until then, the money remains in escrow.

Forex Signals Brief August 1: Meta and Microsoft Lift Tech, Tariffs and Fed Concerns Pressure Markets

Posted on August 1, 2025August 1, 2025 by Skerdian Meta

Wall Street navigated a volatile session as strong Big Tech earnings, fresh tariff headlines, and firm inflation data clashed to shape market sentiment. Continue reading “Forex Signals Brief August 1: Meta and Microsoft Lift Tech, Tariffs and Fed Concerns Pressure Markets” →

Ripple Whales dump, SEC silence turn XRP into a Blood Bath

Posted on August 1, 2025 by Olumide Adesina

Ripple tokens are down 5% due to high selling pressure. The altcoin faced renewed doubts over its price stability as large-scale holders, ‘whales’, continue to sell large volumes of tokens.

CryptoQuant on-chain data indicated XRP whales sold an average of $28 million daily over the past 90 days, raising questions about the sustainability of the current price, especially the $3 support level.

A similar pattern of selling occurred in February, when daily outflows reached $64 million, and the price dropped

Investor sentiment was affected by the SEC’s silence following its closed meeting on July 31, which led to reduced demand for XRP. As the deadline for a court filing approaches, hopes for the SEC to vote on withdrawing its appeal in the Ripple case have diminished. After Judge Torres rejected a joint motion for an indicative ruling on settlement terms five weeks ago, the SEC now faces a decision on whether to withdraw its appeal against the Programmatic Sales of XRP.

SEC is required to submit a status report on the settlement to the US Court of Appeals by August 15. The SEC is responsible for ending the Ripple case and influencing XRP’s price movement, especially since no settlement is in place and Ripple is prepared to withdraw its cross-appeal.

Market pressure increased after Ripple co-founder Chris Larsen transferred a large amount of XRP to Ripple, a company he co-founded in 2012. Following XRP’s recent all-time high of $3.65, Larsen moved about $140 million worth of XRP to exchanges last week, confirmed by blockchain trackers. These transfers were made from wallets directly linked to him, and such a large transfer from an insider has renewed community concerns about centralized token control and its impact on price trends.

On-chain data also shows Larsen still controls 2.28 billion XRP, worth approximately $ 8.4 billion, creating a noticeable gap between the price performance and his on-chain holdings. Although intraday momentum has improved somewhat, these on-chain metrics suggest that bullish sentiment is weakening.
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Bitcoin sinks Under Federal Reserve Hawkish Tone

Posted on August 1, 2025 by Olumide Adesina

Bitcoin saw a significant decline in value following the Federal Reserve’s release of the FOMC minutes and Fed Chair Jerome Powell’s press conference, in which he explained the central bank’s decision to forgo interest rate cuts. After US stocks and cryptocurrency markets refocused on the current fundamentals and the anticipated longer-term effects of President Trump’s economic agenda, prices rose on Thursday.

Bitcoin is still trading in the $115,000 to $121,000 range that it has for the past 18 days, despite the steep decline below $116,000. Data indicated this range will soon expand. Hyblock Capital analysts characterized the price action before and after the FOMC as a liquidity hunt in which “a classic indecision 15m candle emerged with wicks on both sides as markets wavered.”. The analysts noted that the bid-ask-ratio metric turned red at 10% order book depth, increasing the likelihood that the price would reach a $115,883 liquidation level.

Short liquidations are accelerating above $120,000, while longs are at risk of liquidation below $115,000, according to the current liquidation heat map for the BTC/USDT perps pair at Binance and Bybit.

Markets speculated that Bitcoin is about to expand its range due to its price compression and limited aggressive leverage use in its futures markets. Since the price of bitcoin was above the 20-day moving average at the time and the Bollinger Bands had also narrowed, many traders were forecasting an upside breakout.