Category: Crypto market

Jim Cramer Doubles Down on Bitcoin as U.S. Faces High Debt

Posted on by Olumide Adesina

Former hedge fund manager and well-known financial TV personality Jim Cramer said today that he is purchasing Bitcoin as a hedge against the United States’ mounting $38 trillion national debt, raising concerns about the impact on future generations.

Cramer said that Bitcoin would be resilient in the event of a financial crisis, calling it “just a nice hedge for what I’m afraid.”. “I am confident that we can grow our way out of this.”

Cramer continued about the national debt issue. I’m concerned about my children, but I hope we accomplish that.” The bold and frequent animated stock predictions that Cramer makes are well-known.

The market frequently shifts in the opposite direction shortly after Cramer expresses extreme bullishness or bearishness on a stock or sector, as many traders and online communities have noted.

The “Inverse Cramer” phenomenon is the result of this recurrent pattern. Bitcoin’s price action pauses, with sideways trading around $118K.

The market’s cautious attitude was reflected in the cryptocurrency’s pullback after testing highs near $123,000. Following sharp gains, investors often experience this consolidation phase, which enables them to reevaluate their positions.

XRP and SOL Nano Futures Hit Coinbase on August 18

Posted on by Olumide Adesina

Coinbase will offer nano XRP and SOL perpetual futures on its derivatives platform for US traders, the company announced Tuesday. Coinbase’s goal to expand market access by introducing new cryptocurrency products aligns with the upcoming launch.

 

500 XRP will be represented by the nano XRP futures contract, which will use a funding rate mechanism that debits or credits open positions to track the spot price. New contracts listed monthly and will expire in December 2030, with settlement in US dollars.

The position limit is 700,000 contracts, and there is a minimum price increase of $0.0001 per XRP. Each nano SOL futures contract has a tick size of $0.01 and represents five Solana tokens. It settles in US dollars, shares the same trading hours as the XRP product, and expires in December 2030. Up to 340,000 contracts are available for traders.

Coinbase’s earlier introduction of CFTC-regulated perpetual futures for US traders, starting with nano Bitcoin and nano Ether contracts offering up to T, follows this launch..

Forex Signals Brief July 29: UnitedHealth, Visa, Boeing, Paypal Earnings Today

Posted on by Skerdian Meta

Investor attention is fixed on today’s slew of corporate earnings, macro developments, and the resurgent US dollar following a landmark transatlantic trade deal. Continue reading “Forex Signals Brief July 29: UnitedHealth, Visa, Boeing, Paypal Earnings Today” →

XRP Dips Amid Bearish Signals Despite Ripple’s Instant Payment Patent Triumph

Posted on by Olumide Adesina

XRP struggled to maintain the $3.2 support line amid favourable fundamentals around Ripple.

Ripple reached a major landmark with a recent US patent for trust-based, instant cross-border payments that don’t need full network confirmation.

The newly granted patent 11,998,003 outlines a real-time payment method that doesn’t require the entire network to reach consensus before completing a transaction. Instead, the system uses pre-established relationships and trusted nodes to verify and finalize transactions almost instantly.

This approach greatly reduces settlement times, lowers costs, and enhances the scalability of Ripple’s payment infrastructure. Typically, blockchain-based payments work on multiple validators to confirm transactions, which improves security but can cause delays, especially in high-volume or cross-border cases.

Ripple’s patented system offers an alternative by allowing transactions to be completed without full network validation, provided they involve parties within a trusted network. This is especially beneficial for well-established payment processors or financial institutions.

Meanwhile, XRP is currently testing a possible double top formation, a bearish reversal pattern, near the $3.2 level. The asset experienced a strong rally from below $2.30 to above $3.50, but if it cannot break and hold above this level, a pullback could occur.

The declining volume during the recent rise indicates waning buying interest, while the Relative Strength Index (RSI) nearing 75 hints at potential overbought conditions. A validated double top would depend on a dip below the neckline between $3.00 and $3.10, which could push XRP toward support near $2.6

PayPal Boosts Crypto Adoption, U.S. Merchants Take BTC, ETH, XRP, SOL

Posted on by Olumide Adesina

US retailers accept over 100 cryptocurrencies at the point of sale with the launch of PayPal’s “Pay with Crypto” service

 

Coinbase, MetaMask, Binance, Kraken, Phantom, OKX, and Exodus are all seamlessly integrated with the service. Customers can use well-known tokens such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Solana (SOL), XRP, BNB, and many more to make payments with just a few clicks. PayPal instantly converts transactions into USD when users choose to pay with cryptocurrency, or it can use PYUSD, the company’s in-house stablecoin.

This automatic conversion ensures they receive the full payment amount in a familiar currency, protecting retailers from price fluctuations.

PayPal claims that this integration will give US merchants access to over 650 million cryptocurrency users worldwide, expanding their reach into foreign markets without the high fees and complications often associated with cross-border trade.

PayPal is offering a promotional transaction fee of 0.99% for crypto payments processed through the new service until July 31, 2026. This is much lower than the typical 1.5% to 3.5% fees for credit card and international payment processing.

The standard fee will be 1.5%, and PayPal is providing a 4% annualized yield for merchants who keep their funds in PYUSD instead of converting to U.S. dollars.

These stablecoin rewards offer passive income opportunities and resemble traditional treasury yields, making crypto transactions not only a form of payment but also a strategic financial asset for participating businesses. The launch of “Pay with Crypto” marks a significant step for PayPal to mainstream digital assets. By eliminating common barriers like price volatility, high transaction fees, and delayed settlements, PayPal aims to make digital currencies as easy to use as traditional payment methods.

This move aligns with its broader vision of positioning itself as a leader in the evolving Web3 and digital asset economy. The rollout reflects a growing trend among major fintech and payments companies to bridge the gap between crypto holders and real-world utility.

Forex Signals Brief July 28: Data Tsunami as Fed, BoJ, GDP & Tariffs Line Up to Shake Markets

Posted on by Skerdian Meta

Markets are bracing for a flood of critical macroeconomic data, central bank decisions, and trade-related events that could shape sentiment into August.
Continue reading “Forex Signals Brief July 28: Data Tsunami as Fed, BoJ, GDP & Tariffs Line Up to Shake Markets” →

Ray Dalio Endorses 15% Bitcoin or Gold Portfolio Allocation

Posted on by Olumide Adesina

Hedge fund manager, Ray Dalio recently advocated for a 15 percent allocation to gold and Bitcoin.

“You would have around 15% of your money in gold or Bitcoin if you were neutral on everything, meaning you had no opinion, and you were optimizing your portfolio for the best return-to-risk ratio you could have,” he stated.

Although Dalio has made it clear that he “strongly prefers” the yellow metal over gold, he has also emphasized that investors have the final say on the matter.

The founder of Bridgewater Associates says that he still owns “some Bitcoin” after purchasing the popular cryptocurrency in May 2021.

The renowned hedge fund manager noted that many people view the original cryptocurrency as a form of money, and that Bitcoin has a limited supply, along with certain transaction benefits. However, because Bitcoin lacks privacy, he doesn’t believe any central bank will truly keep it as a reserve currency. It also seems that Dalio has questioned Bitcoin’s technological aspect.

The billionaire remarked, “And there is a question of whether the code could be broken or things can be done to make it, let’s say, less effective, including government controls of it.” Following the passage of the comprehensive tax and spending bill, Dalio warned about unsustainable US debt, prompting several Bitcoin proponents to encourage investors to buy more BTC. In his most recent podcast appearance, Dalio claimed that the United States’ debt is six times greater than its revenue

Ripple Founder dumps 50 million XRP

Posted on by Olumide Adesina

Chris Larsen, a co-founder of Ripple, transferred 50 million XRP to exchanges, prompting claims of “insider dumping” and raising concerns among investors about the potential for “exit liquidity.”

Larsen still owns more than 2.5 billion XRP, valued at about US$8.83 billion, despite the recent transfer. This fuels worries about potential future sell-offs that could heavily impact the price. Although XRP has been one of the better-performing altcoins over the past 30 days, its price has fallen around 13% from its recent peak due to wallet activity.

Now that Chris Larsen is moving millions of tokens again, some members of the XRP community believe Ripple executives are once again taking advantage of their investors.
The transfers were first reported on July 17, after XRP surged to a new all-time high of $3.65.

Dissatisfaction on social media is clear, with many accusing the move of being a calculated attempt to profit at the peak. Critics are skeptical, while others see it as routine profit-taking. CryptoQuant Maartunn warned on X that the outflow is just part of a bigger threat. He stated that Chris Larsen still owns 2.58 billion $XRP, worth $8.83 billion.

“What comes next if $200 million was only a warm-up?” His warning was quite clear. “Avoid being abandoned. Avoid providing liquidity for exits. Keep yourself safe.”

An on-chain chart showing the wallet’s XRP balance over time was shared alongside Maartunn’s comments, emphasizing how the 50 million token move had little impact on the overall stash. It goes without saying that if Larsen continues to offload, much more sell-side pressure could follow.