Bitcoin Hits Three-Month High, XRP Surges 40% in Weekly Crypto Market Rally
Cryptocurrency markets experienced a massive rally over the week, with Bitcoin reaching near $80,000, Ethereum topping $2,400, and XRP posting a 40% gain.
Read articleCryptocurrency markets experienced a massive rally over the week, with Bitcoin reaching near $80,000, Ethereum topping $2,400, and XRP posting a 40% gain.
Intchains Group is shifting its capital away from new Ethereum purchases after reporting a 94% drop in first-half revenue, directing funds instead toward ASIC development and early-stage AI initiatives.
Bitcoin rose 7.9% over a 24-hour period to trade around $77,137, triggering a massive short squeeze that wiped out over $1 billion in bearish positions.
Ripple has voted in favor of the Permission Delegation amendment as part of the XRP Ledger v3.3.0 upgrade, while XRP prices and trading volumes see significant gains.
Dexsport has announced its August product and community updates, featuring Monero deposits and withdrawals, Binance Pay integration, and $55,000 in esports campaigns.
Prediction market platform Kalshi is expanding into traditional derivatives by applying for CFTC approval to launch a cash-settled perpetual futures contract for copper.
US spot Bitcoin and Ethereum exchange-traded funds recorded a combined $825.8 million in net inflows during the August 20 session, signaling a return of regulated demand.
CFTC Chair Michael Selig stated that his agency will establish a digital asset framework if the Clarity Act remains stalled in the Senate.
Nvidia stock faces a potential sixth straight decline ahead of its upcoming earnings report, having already shed over $200 billion in market value amid broader weakness in semiconductor stocks.
Major Russian e-commerce platforms Wildberries and Ozon are preparing to introduce digital ruble payments as part of Moscow's rollout of its central bank digital currency.