Trump’s executive order comes as a group of bank associations are trying to block bank applications from four digital asset firms.

TL;DR Analysts predict ADA could surge to $1.30, $1.60, or even a new all-time high above $4, depending on breakout levels. Recently, Cardano’s community approved a $71 million funding proposal designed for network upgrades. The Bullish Targets Cardano’s native token was at the forefront of gains in mid-July, soaring to as high as $0.93. Since then, though, it has been on a downtrend and currently trades at around $0.74 (per CoinGecko’s data). The popular X user Ali Martinez recently argued that ADA could witness another major uptick and rally to an eight-month peak of $1.30. According to the analyst, however, the necessary condition for this potential explosion is a breakout above $0.84. CryptoBullet – an X user with over 170,000 followers on the social media platform – is also bullish, envisioning a possible spike beyond $1.60. For their part, TapTools noted a resemblance between the current ADA/BTC chart and the one witnessed before the bull cycle in 2021. That said, they expect a major rally in the following months. Other popular figures who have touched upon the matter recently include Hardy and Smith. The former believes that those who hold ADA are “golden” because the bull run has not yet started. Last week, Smith spotted the formation of a “monstrous cup and handle” on the asset’s price chart, which could be a precursor of a massive pump. The analyst thinks the valuation could hit a new all-time high above $4 once it surpasses the breakout target of $0.92. The Multi-Million Approval Just a few days ago, Input Output Global, the core development team behind the Cardano blockchain, received a funding green light for its protocol roadmap proposal. The sum equals around $71 million worth of ADA and will be taken from the Cardano treasury. The initiative gained significant approval, with 74% casting a “yes” vote. Tim Harrison, EVP Community & Ecosystem at Input Output, described this as “a milestone moment” for the blockchain protocol and noted that this is the first time such a development will be funded directly by the community. “This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,” Harrison added. The capital will be used to support the implementation of major upgrades, including boosting network throughput without compromising security or decentralization, enhancing the Hydra layer-2 solution, laying the technical groundwork for more advanced smart contracts, and other improvements. The post Cardano (ADA) Could Explode by 75%, But Under This Condition (Analyst) appeared first on CryptoPotato .

BitcoinWorld Bitgo Wallets’ Remarkable Surge: Over $330M in ETH Accumulation Signals Growing Institutional Confidence The cryptocurrency world is buzzing with significant news concerning Bitgo wallets . These prominent digital asset custodians have recently made headlines by accumulating a substantial amount of Ethereum (ETH), sparking considerable interest across the crypto community. This remarkable ETH accumulation highlights a growing trend within the digital asset space, pointing towards increased institutional participation. What’s Behind the Bitgo Wallets’ Massive ETH Accumulation? Recent data from Arkham Intelligence, shared on X, reveals that three specific Bitgo wallet contracts have collectively gathered a staggering amount of ETH. Over just three days, these wallets accumulated approximately $314.22 million worth of ETH. This significant sum is now valued at an impressive $332.1 million, showcasing rapid growth in their Ethereum holdings . This substantial influx of Ethereum did not come from a single source. Arkham Intelligence’s findings indicate diverse origins for these funds: One wallet received its ETH directly from Galaxy Digital OTC , a well-known over-the-counter trading desk catering to institutional clients. The other two wallets sourced their funds from FalconX , another major prime broker and trading platform primarily serving institutional and sophisticated investors. The involvement of such large-scale institutional players like Galaxy Digital OTC and FalconX is a key indicator. It underscores a strategic move by significant entities to increase their exposure to Ethereum. Why Does This Institutional Crypto Movement Matter? The considerable ETH accumulation by Bitgo wallets holds profound implications for the broader crypto market. When major custodians like Bitgo facilitate such large transactions, it often signals a strengthening of institutional crypto adoption. Institutions typically engage in extensive due diligence and risk assessment before making significant investments in digital assets. This type of activity can: Boost Market Confidence: Large institutional purchases can instill greater confidence among other investors, both institutional and retail, in the long-term viability of Ethereum. Signal Bullish Sentiment: Accumulation suggests that these large players anticipate future price appreciation for ETH, viewing it as a valuable long-term asset. Enhance Market Stability: While large movements can cause short-term volatility, significant institutional holdings can contribute to overall market stability over time by reducing speculative swings. Such moves are closely watched by analysts monitoring crypto market trends , as they can precede broader shifts in investor sentiment and capital allocation. Understanding Ethereum Holdings: A Deeper Dive into Institutional Strategy Bitgo, as a leading digital asset trust company, provides secure custody and financial services for institutional investors. Their role in facilitating these substantial Ethereum holdings is crucial. It reflects a growing demand from institutions looking for secure and compliant ways to manage their digital assets. These large-scale accumulations are not merely speculative bets. They are often part of a broader investment strategy, potentially including: Diversification: Adding ETH to a diversified portfolio of digital assets. Yield Generation: Utilizing ETH for staking or DeFi protocols to earn returns. Long-Term HODLing: Holding ETH for its fundamental value and potential for future growth, especially with Ethereum’s ongoing upgrades and expanding ecosystem. The decision by these institutions to increase their ETH accumulation through trusted platforms like Bitgo indicates a maturing perspective on digital assets. They are treating Ethereum as a serious investment class, similar to traditional assets. Navigating Current Crypto Market Trends: What’s Next for ETH? The actions of major players like those utilizing Bitgo wallets often provide valuable insights into prevailing crypto market trends . This recent surge in ETH holdings could be a precursor to further institutional inflows into the Ethereum ecosystem. As more traditional financial institutions explore the digital asset space, Ethereum, with its robust ecosystem and upcoming developments, remains a prime candidate for investment. For individuals and smaller investors, observing these institutional moves can be informative. While it’s important to conduct your own research and not solely rely on “whale” movements, significant institutional accumulation often suggests a strong underlying belief in an asset’s future. The continued interest in institutional crypto adoption is a positive sign for the industry’s long-term growth. It signals increasing legitimacy and integration of digital assets into the global financial landscape. Conclusion: A Strong Vote of Confidence for Ethereum The remarkable accumulation of over $330 million in ETH by Bitgo wallets represents a powerful vote of confidence from major institutional players. This significant ETH accumulation , sourced from key OTC desks and trading platforms, highlights a clear trend: institutional crypto adoption is accelerating. As these substantial Ethereum holdings continue to grow, they underscore the increasing maturity and appeal of digital assets within traditional finance, shaping the future of crypto market trends . This development reinforces Ethereum’s position as a cornerstone of the decentralized economy. Frequently Asked Questions (FAQs) Q1: What is the significance of Bitgo wallets accumulating over $330M in ETH? A1: This significant ETH accumulation by Bitgo wallets indicates strong institutional confidence in Ethereum. It suggests that major financial players are increasing their exposure to ETH, viewing it as a valuable long-term asset and signaling a maturing crypto market. Q2: Which entities supplied the ETH to Bitgo’s wallets? A2: According to Arkham Intelligence, one wallet received ETH from Galaxy Digital OTC, while the other two sourced funds from FalconX. Both are prominent platforms serving institutional clients. Q3: How does this institutional ETH accumulation impact the broader crypto market? A3: Large-scale institutional purchases can boost overall market confidence, signal bullish sentiment for Ethereum, and contribute to long-term market stability. They also highlight growing institutional crypto adoption. Q4: What does this mean for the future of Ethereum holdings? A4: This trend suggests a continued increase in institutional interest in Ethereum. It reinforces ETH’s position as a key digital asset for diversification, yield generation, and long-term investment strategies within the broader crypto market trends . Q5: Should I invest in ETH based on Bitgo’s accumulation? A5: While institutional accumulation can be a positive indicator, it is crucial to conduct your own thorough research and consider your personal financial situation before making any investment decisions. The crypto market can be volatile, and past performance is not indicative of future results. Share Your Thoughts! Did you find this analysis of Bitgo’s remarkable ETH accumulation insightful? Share this article with your friends and followers on social media to spark a conversation about the growing influence of institutional crypto and the future of Ethereum! Your shares help us bring valuable crypto market insights to a wider audience. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption . This post Bitgo Wallets’ Remarkable Surge: Over $330M in ETH Accumulation Signals Growing Institutional Confidence first appeared on BitcoinWorld and is written by Editorial Team

Bitcoin’s price drop below $116K lowers market leverage and short-term profit margins. About 120,000 BTC purchased lifting price above $114K but resistance holds. ETF outflows and neutral derivative funding rates signal cooling speculative interest. The fall in the price of Bitcoin below $116,000 led to a decrease in market leverage and the profitability of operations by short-term holders, analysts from Glassnode concluded. This trend followed a recent peak near $123,000 in July, where a resistance zone formed. Investors who bought Bitcoin above $116,000 are currently experiencing losses. Glassnode’s forecast suggests that a successful breakout above this resistance will signal a return of control to buyers. Despite the decline, there were purchases amounting to approximately 120,000 BTC, which helped push the price back above $114,000. However, demand remains insufficient to overcome the resistance level. Data regarding short-term holders (STH) indicate a balanced market condition. The share of profits among STHs has dropped from 100% to 70%, a typical behavior during corrections within a bull market. The average entry price for short-term holders stands at $106,000, a significant threshold that historically distinguishes short-term bullish and bearish trends. Pressure on the market has also come from spot Bitcoin ETFs. On August 5, withdrawals of 1,500 BTC were recorded—the largest since April 2025. Analysts note that previous outflows of this size tended to be short-lived and temporary. Meanwhile, the derivatives market shows signs of cooling. Funding rates on perpetual swaps have stabilized in neutral territory, signaling a decline in speculative activity and growing uncertainty among traders about near-term price growth. In conclusion, analysts highlight that Bitcoin is currently seeking equilibrium, trading in a range compressed between support at approximately $110,000 and resistance near $116,000. Although the market balance holds, a significant influx of new demand is essential for Bitcoin to break free from this trading corridor and resume an upward trajectory.

Франция переходит на новый этап внедрения криптовалют, поскольку партия крайнего правого крыла Rassemblement National (RN) готовит законопроект, разрешающий использовать неиспользуемую ядерную энергию для майнинга Биткоина. По информации французской газеты Le Monde, лидер партии и трижды выдвигавшийся в президенты Марин Ле Пен продвигала этот план во время визита на АЭС Фламанвиль 11 марта, заявив, что это разумный способ превратить упущенное электричество в “надежные и крайне прибыльные” цифровые активы. План Франции: майнить Биткоин с помощью ядерной энергии Предложение Rassemblement National стало одной из самых обсуждаемых криптоинициатив во Франции. Партия утверждает, что поскольку Франция часто производит больше электроэнергии, чем потребляет, излишки не должны пропадать впустую. Законодатель от RN Орелиен Лопес-Лигуори подготовил законопроект о размещении оборудования для майнинга Биткоина на ядерных объектах компании Électricité de France (EDF), государственной энергетической компании. Идея состоит в том, чтобы направить неиспользуемую ядерную энергию (до одного гигаватта избытков) прямо на майнинговые фермы. Поскольку более 70% французской электроэнергии производится на АЭС, избыточные объемы электроэнергии продаются с убытком или даже за счет Франции передаются соседним странам. Вместо того чтобы продавать лишнюю энергию в убыток, Франция будет использовать ее для более выгодного дела – майнинга Биткоина и сохранения прибыли. Законопроект, поданный в Национальное собрание Франции 11 июля 2025 года, предусматривает пятилетнюю пилотную программу, которая позволит энергетическим компаниям создавать майнинговые предприятия непосредственно на АЭС. По внутренним оценкам, это может приносить от 100 до 150 миллионов долларов дохода в год. Политический поворот: от скептиков к сторонникам криптовалют Поддержка майнинга Биткоина со стороны Rassemblement National обозначает резкий поворот в отношении партии к криптовалюте. В 2016 году Марин Ле Пен была категорически против криптовалют, считая, что они лишат граждан контроля над финансами и увеличат власть глобальных банков, выступая за полный запрет их использования во Франции. Однако к 2022 году Ле Пен смягчила свою позицию, начав поддерживать регулируемое использование криптовалют в финансовой сфере. А к 2025 году она открыто выступает за майнинг Биткоина как часть национальной стратегии, что отражает значительные изменения как внутри её партии, так и в общественном политическом дискурсе по теме крипто. После неудачи подобного предложения в июне 2025 года депутат Лопес-Лигуори переработал законопроект, сделав акцент на национальную инфраструктуру и экономическое восстановление, утверждая, что план поможет сделать Францию более экономически независимой и решить давнюю проблему с избыточной энергией. В случае принятия Франция станет первой страной в Европе, официально связавшей майнинг Биткоина, поддерживаемый государством, с ядерной энергией, задавая пример другим странам, стремящимся заработать на избыточной возобновляемой или ядерной энергии. Быки стремятся превратить уровень $114 000 в поддержку. Источник: BTCUSD on TradingView.com Токен Maxi Doge (MAXI) собирает $400 тыс. на предпродаже, поскольку трейдеры проявляют интерес Maxi Doge (MAXI) – это новый смелый мем-коин, построенный вокруг культуры “только вверх”, которая определяет крипто-бычьи рынки. Токен дает сообществу шанс “выйти из душной комнаты”, уйти от ограничений и получить доступ к потенциальным сделкам x1000 через Maxi Fund. 25% общей эмиссии направлены на поиск самых взрывных токенов цикла, без стоп-лоссов, без страха и с одним правилом: если цена падает – удваивай ставку! Такие инвестиции с высоким риском и высокой уверенностью для тех, кто хочет либо поучить максимальную прибыль, либо уйти с рынка с пустыми руками. Maxi Doge создан для настоящих криптоэкстремалов! Предпродажа еще актуальна: неавно бло собрано целых $400 000. Чтобы купить токен $MAXI прямо сейчас, достаточно зайти на официальный сайт Maxi Doge и подключить свой криптокошелек (например, Best Wallet). Вы можете обменять USDT или ETH на токен, либо инвестировать в проект с помощью банковской карты.

Bitcoin (BTC) has registered a sharp increase during the ongoing session, reclaiming $116,000 as markets rebounded. The flagship cryptocurrency is up 1.30%, trading around $115,560. Positive corporate earnings, favorable regulatory developments, and a $100 billion investment by Apple lifted stocks and crypto on Wednesday, with positive sentiment continuing during the ongoing session. Bitcoin (BTC) Could Soon Be A Part Of Retirement Accounts US President Donald Trump is expected to sign an executive order allowing crypto and other alternative assets in 401(k) accounts. The executive order will direct the Department of Labor to reevaluate its guidance on how the Employee Retirement Income Security Act can apply to alternative assets like real estate, private equity, gold, and digital assets like Bitcoin. The order also directs the Labor Department to clarify its position on fiduciary responsibilities while managing funds, including alternative assets. According to sources, the executive order addresses legal concerns around alternative assets in retirement plans. Retirement plans have historically invested in public stocks and bonds. Including alternative assets like Bitcoin (BTC) in retirement accounts is a significant development. BTC is already popular as a corporate treasury asset. Even a small percentage of 401(k) holdings allocated to BTC could have a substantial impact on demand. Plans to include Bitcoin in retirement accounts have been afoot for months, with reports in July stating that the White House was preparing an executive order to expand retirement account access to alternative investments like Bitcoin . Bitcoin (BTC) Rebounds After Midweek Tumble Bitcoin (BTC) bounced back to reclaim $116,000 thanks to positive corporate earnings, favorable regulatory developments, and a $100 billion investment by Apple. The slew of positive macroeconomic developments lifted the stock and crypto markets, allowing BTC to reclaim $116,000. The flagship cryptocurrency registered a sharp drop on Tuesday, falling to an intraday low of $112,707. However, it regained momentum to reclaim $115,000 on Wednesday and climbed above $116,000 during the ongoing session. Tether Chief Calls Bitcoin (BTC) “Undefeatable” Paolo Ardoino, CEO of Tether, has called Bitcoin “undefeatable” in a recent post on X. The praise comes as markets stumble and the flagship cryptocurrency faces renewed downward pressure. BTC’s price action was relatively muted this week before picking up to reclaim key levels and push above $116,000. Tether, under Ardoino, has increased its Bitcoin stash substantially. The USDT issuer holds nearly 80,000 BTC , worth over $9 billion at current prices. Tether has steadily increased its holdings, suggesting it sees value in the asset even when prices slide. Bitcoin (BTC) Price Analysis Bitcoin (BTC) has bounced back to reclaim $116,000 as market sentiment turns positive. The flagship cryptocurrency fell to an intraday low of $112,707 on Tuesday as selling pressure intensified. However, positive macroeconomic developments allowed BTC to reclaim $115,000 on Tuesday. The price is up nearly 2% during the ongoing session, trading around $116,720. President Trump’s latest executive order allowing alternative assets into 401(k) accounts has also boosted market sentiment. The executive order is significant because it opens up the fiscally conservative industry to more speculative investments, including Bitcoin. Several institutional investors and asset managers, including BlackRock, have supported the move. BlackRock Chairm*****rry Fink said in his annual investor letter, “Private assets like real estate and infrastructure can lift returns and protect investors during market downturns. We need to make it clear: Private assets are legal in retirement accounts. They're beneficial. And they're becoming increasingly transparent.” Glassnode stated in a market report on Wednesday that profit taking among Bitcoin Short Term Holders (STH) has cooled, allowing prices to rebound. The firm highlighted that STH's spending volume had fallen below the neutral level to 45%. According to the analytics company, the market is in a relatively balanced position, with 70% of STH supply in profit. Profit and loss taking among coins that are moving around is evenly split. “This is a level which aligns with the midline of prior bull phases, and is again not an atypical condition.” Market watchers are closely watching the behavior of STHs. On-chain analytics platform Checkonchain stated that the Bitcoin STH Spent Output Profit Ratio (SOPR) revealed that buyers who bought BTC near all-time highs are selling more than recent buyers. “Many recent top buyers and ‘Weaker’ hands are selling around their buy-in price and saying ‘get me out. What we want to see from here is a short, sharp dip into red territory, resolving back to a healthy green number. This confirms the bull is still in play.” BTC started the previous week in the red, dropping over 1% and settling at $118,069. It faced volatility on Tuesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline. BTC fell to an intraday low of $115,772 on Wednesday before rebounding to reclaim $117,000 and settling at $117,783, ultimately registering a marginal decline. Sellers retained control on Thursday as the price fell almost 2% and settled at $115,802. Bearish sentiment intensified on Friday as BTC dropped 2.10% to $113,365. Source: TradingView Sellers retained control on Saturday as BTC fell 0.67% to $112,601. Despite the overwhelming selling pressure, the price recovered on Saturday, rising 1.52% to reclaim $114,000 and settle at $114,307. Buyers retained control on Monday as BTC rose 0.69% to cross $115,000 and settle at $115,097. BTC lost momentum on Tuesday, falling to an intraday low of $112,707. However, it rebounded from this level to reclaim $114,000 and settle at $114,135. Buyers returned to the market on Wednesday as the price rose 0.80% to reclaim $115,000 and settle at $115,051. Bullish sentiment has returned during the ongoing session, with BTC up nearly 2%, trading around $116,800. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cybersecurity firm CTM360 has revealed a rise in cryptocurrency scams aimed at people using TikTok Shop .

BitcoinWorld Euphoria Funding: A Game-Changing $7.5 Million Boost for Crypto Derivatives The cryptocurrency world is buzzing with exciting news: Euphoria, an innovative crypto derivatives app , has successfully raised a substantial $7.5 million in a recent funding round. This significant Euphoria funding marks a pivotal moment for the MegaETH-based platform, aiming to simplify complex crypto trading for everyone. This investment highlights strong confidence from over 100 investors, including notable names like Karatage, Figment Capital, and Robot Ventures, signaling a promising future for mobile-first financial tools in the digital asset space. The platform’s commitment to leveraging MegaETH trading capabilities is set to redefine how users interact with derivatives. Understanding the Significant Euphoria Funding Round The recent injection of $7.5 million into Euphoria is more than just capital; it is a powerful vote of confidence from a diverse group of over 100 investors. This substantial Euphoria funding demonstrates a clear belief in the project’s vision and its potential to disrupt the crypto derivatives market. Leading venture capital firms like Karatage, Figment Capital, and Robot Ventures participated, bringing not just financial backing but also strategic expertise and industry connections. Broad Investor Base: Over 100 unique investors joined the round, indicating widespread interest. Strategic Partnerships: Involvement of key VCs suggests potential for future collaborations and guidance. Market Validation: The successful raise validates Euphoria’s business model and market need for simplified derivatives trading. What Makes This Mobile Crypto Trading App Unique? Euphoria is not just another trading platform; it is specifically designed as a mobile crypto trading app, focusing on accessibility and ease of use. The goal is to demystify crypto derivatives, making them approachable even for those new to the space. Traditional derivatives trading can be complex, often requiring sophisticated knowledge and tools. Euphoria aims to change this by offering a streamlined, intuitive experience directly from your smartphone. Imagine managing your crypto derivatives portfolio on the go, with a clean interface that cuts through the jargon. This focus on a user-friendly crypto derivatives app experience is a key differentiator in a market often perceived as intimidating. The development team is committed to building a platform that empowers users, rather than overwhelming them. The Power of MegaETH Trading: A Technological Edge At the heart of Euphoria’s technological foundation lies MegaETH, a critical component enabling its advanced trading functionalities. This integration allows for robust and efficient execution of trades, ensuring a seamless experience for users. The choice of MegaETH trading as the underlying technology underscores Euphoria’s commitment to cutting-edge blockchain infrastructure. Leveraging such powerful technology means Euphoria can offer features that are both secure and scalable. This is crucial for a derivatives platform, where speed and reliability are paramount. Users can expect a responsive environment, whether they are executing trades or simply monitoring their positions. Expanding Horizons: The Impact on Blockchain Investment The success of Euphoria’s funding round has broader implications for the entire digital asset ecosystem. It signals a growing appetite for innovative applications within the decentralized finance (DeFi) space, particularly those that enhance user experience. This significant blockchain investment in a mobile-first derivatives platform could pave the way for more institutional and retail capital flowing into similar projects. Euphoria’s approach to making derivatives trading more accessible aligns perfectly with the evolving landscape of blockchain investment . As more people seek opportunities beyond traditional spot trading, platforms that simplify complex financial instruments will likely see increased adoption. This development could inspire further innovation in the mobile DeFi sector. In conclusion, Euphoria’s successful $7.5 million Euphoria funding round is a testament to the strong demand for user-friendly and accessible crypto derivatives solutions. By focusing on a mobile-first approach and leveraging powerful technologies like MegaETH, the platform is poised to make a significant impact. This investment not only fuels Euphoria’s growth but also highlights a positive trend in blockchain investment towards innovative and inclusive financial tools within the crypto space. The future of mobile crypto trading looks brighter with projects like Euphoria leading the charge. Frequently Asked Questions (FAQs) Q1: What is Euphoria? A1: Euphoria is a MegaETH-based cryptocurrency derivatives trading application that aims to offer simplified, mobile-first trading experiences for digital assets. Q2: How much investment did Euphoria raise? A2: Euphoria successfully attracted $7.5 million in its recent funding round, with participation from over 100 investors. Q3: What role does MegaETH play in Euphoria? A3: MegaETH serves as the underlying technological foundation for Euphoria, enabling its robust and efficient crypto derivatives trading functionalities. Q4: Who are some of the key investors in Euphoria? A4: Prominent investors in Euphoria’s funding round included Karatage, Figment Capital, and Robot Ventures, among more than 100 participants. Q5: What makes Euphoria’s approach to crypto derivatives unique? A5: Euphoria stands out by focusing on a simplified, intuitive mobile app experience, making complex crypto derivatives trading accessible to a broader audience. Did you find this article insightful? Share it with your network and help spread the word about the exciting developments in crypto derivatives trading! To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain investment and mobile crypto trading. This post Euphoria Funding: A Game-Changing $7.5 Million Boost for Crypto Derivatives first appeared on BitcoinWorld and is written by Editorial Team

Is XRP Repeating Its 2017 Surge? A recent wave of technical analyses has reignited comparisons between XRP's current price trajectory and its extraordinary 2017 rally. Among the most provocative voices is an analyst known as Maxi, who raised the stakes by suggesting that if XRP's current chart continues to mirror the 2017 setup, we could be in “the final week before” an explosive breakout. Taking on X, formerly Twitter, Maxi noted , “XRP repeating 2017 if so we are in the final week before.” Based on this analysis some of the notable targets include $3.5, $5, $7, $10, $14, and $20. Crypto analyst DonAlt has also flagged striking parallels between XRP’s current consolidation and its late-2017 setup, pointing to repeating patterns that could signal a potential 1,200% rally, echoing the explosive run to the previous all-time high (ATH) of $3.40 between December 2017 and January 2018. Another voice reinforcing the pattern-based narrative is Egrag Crypto, who overlaid XRP’s current movement against its 2017 price fractal. Bill Morgan Weighs in on Ripple vs SEC Lawsuit In a striking new development, renowned Australi*****wyer and XRP supporter Bill Morgan has suggested that the long-standing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could be dismissed before August 15, 2025. This bold prediction comes amid growing speculation that the judge presiding over the case may issue a summary judgment favoring Ripple, effectively ending the legal battle that has loomed over the crypto industry since December 2020. Morgan, known for his deep legal insights into crypto-related litigation, shared his opinion via X, where he emphasized the increasingly untenable position of the SEC. The regulatory body had initially accused Ripple of conducting an unregistered securities offering through its sale of XRP. However, the tide began to turn last year when Judge Analisa Torres ruled that XRP sold on secondary markets does not qualify as a security, delivering a partial win to Ripple. Now, Morgan believes that the SEC's remaining claims, particularly regarding Ripple’s institutional sales and the role of its executives, may no longer hold enough weight to proceed to trial. He points to the lack of compelling evidence tying Ripple’s leaders, Brad Garlinghouse and Chris Larsen, to any fraudulent intent, and the diminishing legal rationale behind the SEC’s case. The crypto community, especially XRP holders, has reacted with cautious optimism. A dismissal would not only vindicate Ripple but also signal a landmark shift in how U.S. courts view digital assets, potentially limiting the SEC’s overreach into the crypto space. It could also pave the way for greater regulatory clarity and a renewed bullish momentum for XRP, which has traded under a cloud of legal uncertainty for nearly five years. Conclusion While the final outcome remains in the hands of the court, Morgan’s prediction is fueling speculation that the end of the Ripple vs SEC saga may be closer than many expected, possibly just days away. All eyes are now on Judge Torres and the docket updates expected in the coming week. Meanwhile, If technical patterns align with institutional signals, XRP could be on the verge of a dramatic breakout, mirroring its explosive 2017 rally as early as next week.

Paxos Trust Company has agreed to a $48.5 million settlement with the New York State Department of Financial Services (NYDFS) over allegations it failed to monitor illicit activity linked to its former partner, cryptocurrency exchange Binance. NEW: DFS has secured a $48.5 Million settlement with Paxos Trust Company for anti-money laundering deficiencies and diligence failures. DFS remains committed to ensuring a fair and equitable financial system for all New Yorkers. See the full release: https://t.co/q8QuqRfP4i pic.twitter.com/P2wj6n17Yo — NYDFS (@NYDFS) August 7, 2025 In a press release, the regulator said it found that Paxos failed to properly monitor its relationship with Binance, one of the world’s largest cryptocurrency exchanges. The penalty includes a $26.5 million fine and a commitment by Paxos to spend $22 million improving its internal compliance systems. Why Paxos Was Fined Paxos, which is licensed in New York to operate in crypto, partnered with Binance in 2019 to issue a stablecoin called Binance USD (BUSD). As part of its agreement with DFS, Paxos was supposed to perform regular background checks and monitor for suspicious activity related to Binance. However, the regulator found that Paxos did not have the right systems in place to detect or report large-scale illicit activity. It failed to raise red flags or take action even when warning signs were present. For example, Binance allowed U.S. users to access its unregulated exchange through weak geo-blocking, and Paxos did not report this to regulators. $1.6 Billion in Suspicious Transactions Missed An investigation by DFS reviewed Binance transactions from 2017 to 2022 and found that $1.6 billion flowed through the exchange to or from bad actors. Some of these transactions involved entities that had been sanctioned by the U.S. government. Despite these issues, Paxos did not escalate concerns to senior management or its board. The DFS also discovered that Paxos had no clear rules about when to open investigations after receiving requests from law enforcement, further delaying action against suspicious users. In 2023, DFS said it took the first major regulatory step by ordering Paxos to stop minting BUSD, effectively winding down the stablecoin. Other global regulators quickly followed suit with similar actions against Binance. A Broken Compliance System? In addition to its failures related to Binance, Paxos was found to have a weak overall compliance setup. Its customer onboarding system failed to identify accounts that shared personal data or addresses, indicating possible money laundering. The transaction monitoring tools Paxos used were also described as “unsophisticated” and unable to spot obvious signs of fraud or criminal behavior. These gaps made it easy for bad actors to slip through the cracks. DFS said Paxos’s compliance team lacked the tools and structure needed to deal with today’s crypto risks. What’s Next for Paxos As part of the settlement, Paxos has agreed to spend $22 million to strengthen its compliance program and fix the problems identified by DFS. This includes improving its transaction monitoring system, onboarding processes, and cooperation with law enforcement. DFS Superintendent Adrienne Harris said this enforcement action reinforces the need for crypto companies to take their compliance responsibilities seriously. “The Department continues taking significant steps to ensure accountability,” she said, “in turn protecting consumers and safeguarding the integrity of the financial system.” Last year, the SEC dropped its probe into Paxos over its BUSD stablecoin, one year after issuing a Wells Notice to the firm. The post New York Regulator Secures $48.5M Settlement From Paxos Over Binance Dealings appeared first on Cryptonews .