Latest Crypto News & Market Updates

XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum

After its explosive August breakout, XRP is still in a much stronger technical position, but the market is currently assessing whether that move can turn into a long-term trend. After briefly rising to about $1.70 during the initial surge, XRP is currently trading at about $1.42. The break above the long-term moving average of $1.35 for XRP is the most significant development.　　XRP slows down　　For the majority of 2026, this level served as dynamic resistance, so its recovery was structurally significant. Since then, XRP has retreated toward the moving average without falling below it. As a result, the $1.35 region is the line that immediately separates continuation from a deeper correction.　　XRP/USDT Chart by TradingView　　By holding it, XRP would be able to preserve the breakout structure and solidify its approximately 40% gain from the $1.00 area. The next support cluster, which is located between $1.20 and $1.23 below that, is followed by the shorter moving average, which is located around $1.13.　　XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum　　Ripple Moves to Scrap Key XRPL Amendment　　Discover more　　Compare Index ETFs　　Track Market Trends　　FINANCE　　The momentum is still high. The RSI recently moved well into overbought territory, and it

08-28Industry

MANTRA Chain is back online, but silent code changes spark developer concerns

MANTRA Chain restored mainnet block production on v8.4.0 six days after a security incident forced a chainwide halt. The promised technical account remains unpublished, leaving the exploitation of the upstream dependency and the activity inside two project-managed wallets unexplained.　　Related Asset MANTRA #557 MANTRA · $0.00414 24-hour change: up 0.47% 24H Up 0.47% 7D Down 7.22% 30D Down 23.97%　　The official incident timeline says mainnet resumed at approximately 05:30 UTC on Aug. 22. The chain said there was no rollback or state change between the halt and restart, user balances were not altered, and token holders did not need to take action.　　The team behind the chain marked the incident resolved on Aug. 24 but again said a postmortem would arrive in the coming days. Its current status page and official announcement channel contained no link to that report when checked on Aug. 27.　　MANTRA said its analysis found that the incident affected two MANTRA-managed wallets and that no user, exchange, or partner funds were affected. The public account stops short of identifying the wallet addresses, transaction hashes, amounts, or technical exploit steps.　　When the halt was reported on Aug. 21, patch testing was still underway. The networks return resolves that operational question while leaving

08-28Industry

Virtu completes sovereign bond repo in 10 minutes

Virtu Financial, M1X Global and Tradeweb completed an institutional repurchase transaction using a sovereign digital bond on Aug. 27, with the full repo and repurchase cycle settling on the Canton Network in under 10 minutes.　　The transaction used USDM1, a dollar-denominated bond issued onchain by the Republic of the Marshall Islands, as collateral. Securities delivery, the cash payment and the return transaction settled atomically on the same network, according to a joint company release.　　The companies called it the “first known” repo executed through a major institutional trading venue to combine natively issued sovereign collateral with fully onchain settlement and no prime broker. That designation remains a company claim because no independent industry registry tracks every private blockchain repo.　　Virtu and Tradeweb complete the repo without T+1 delays　　A repo is a short-term financing transaction in which one party sells securities for cash and agrees to repurchase them later. The securities serve as collateral for the financing.　　Virtus transaction followed the structure of a conventional sovereign-collateralized repo. However, the participants moved the bond and cash directly through Canton instead of relying on separate custodial ledgers and traditional T+1 settlement systems.　　A full repo cycle in under 10 minutes. A significant milestone for on-chain financial markets.　　Tradeweb said

08-28Industry

Bithumb Wins Second Lawsuit Over 620,000 BTC Crediting Error

Bithumb obtained its second victory in court while trying to get funds from the erroneous Bitcoin deposit in their February marketing event.Seoul Central District Court ruled that one of their users should repay around 194 million won for his mistake in selling Bitcoins.　　Bithumb wins another case as it seeks payments from wrongly credited Bitcoin users. In an effort to collect money for wrongly credited Bitcoin from users in February 2018, the Seoul Central District Court ordered one of the defendants to pay back 194 million Korean won, roughly $140,513, according to Digital Asset. This is the second largest out of four civil suits Bithumb has filed after the February case.　　The biggest one is worth 500 million won which is worth $362,229. Bithumb has won two out of four civil lawsuits against users in February. The whole issue arose when Bithumb mistakenly credited more than 620,000 BTC to hundreds of people during a promotion activity. It was because of the mistake by one of its employees who mistook BTC for Korean won.　　The Mistake Was Also Affecting Bithumbs Market　　This strange crediting mistake soon started to have an impact on Bithumbs overall market activity, as the BTC/KRW trading pair fell by 15% due

08-28Industry

Jackson Hole focus: Nvidia is more important than the Fed for financial markets

As we get to the end of the trading month for the UK, the focus will shift from the corporate back to the macro. Nvidias stunning 8% rally after its Q2 earnings report reignited the AI trade on Thursday, with a broad-based rally that lifted the Nasdaq 100 by more than 1.4% and the S&P 500 by 0.7%, led by a 3% gain in the tech sector.　　World waits for Warsh to speak　　The rally could pause on Friday, and futures prices are pointing to some small declines for Nvidia and a 0.3% drop in the Nasdaq 100 later today, as the focus shifts to Jackson Hole and the speech from Kevin Warsh that the whole world is waiting for.　　Huangs warning on memory costs　　Thursday‘s rally is worth revisiting. Nvidia’s CEO essentially jump-started the AI trade when he said that the company would double its supply commitments to $279bn, primarily due to memory costs. However, the memory chip makers did not benefit from this rally. SanDisk and Micron saw their share prices surprisingly fall on Thursday. This is possibly due to Huangs warning that the AI build out could slow down due to memory costs, which could put pressure on these companies to

08-28Industry

Bitcoin ETFs Extend Inflow Streak to 9 Days With $242M Added

Spot Bitcoin (BTC) exchange-traded funds (ETFs) added $242.30 million in net inflows on Aug. 27. The gain extended their streak to nine consecutive trading days.　　Spot Ethereum (ETH) ETFs matched the pace. The category added $235 million on the same day, marking its own ninth straight inflow session.　　Bitcoin And Ether Funds Move In Lockstep　　The parallel streaks follow a stretch of heavy institutional buying. BlackRock‘s iShares Bitcoin Trust (IBIT) contributed $209 million of a $338 million Bitcoin ETF inflow on Aug. 24. Its Ethereum fund, ETHA, added $90.92 million of that day’s $116 million Ethereum ETF haul.　　Sponsored　　Sponsored　　Bitcoin Spot ETFs See $242 Million in Net Inflows, Extending 9-Day Inflow Streak　　On Aug. 27 (ET), U.S. spot Bitcoin ETFs recorded $242 million in net inflows, extending their streak to nine consecutive days. Spot Ethereum ETFs saw $235 million in net inflows, also marking nine…　　Bitcoin traded near $80,000 on Thursday, up 2.12% over 24 hours. Ether changed hands near $2,480 over the same period.　　Total net assets across spot Bitcoin ETFs stood at $79.16 billion. Trading volume across the category reached $8.23 billion, according to CoinGlass data.　　The two categories also posted their biggest combined week since October last week, drawing $2.3 billion between them. That run suggests

08-28Industry

Grayscales Zach Pandl Says Rising U.S. Debt Could Boost BTC, ETH and ZEC

Market NewsAccording to Grayscale Investments Zach Pandl, increased US debt would put a strain on bonds and reduce confidence in fiat currencies.Pandl pointed out that investors would be looking for an alternative means of storing value, which would favor Bitcoin, Ethereum, and Zcash.　　The chief research officer of Grayscale Research, Zach Pandl, connected the recent bond repurchases by the US Treasury to increased pressure exerted by the level of government debt. The US Treasury will conduct more open market purchases of long-term notes and bonds prior to their retirement. According to Pandl, the repurchases have the potential to lower the risk-adjusted supply of Treasuries and offer some stimulus to the economy. However, Pandl noted that bond repurchases tackle symptoms rather than solve the underlying fiscal issue of the country. According to Pandl, structural budget deficits and the fast growing debt of the government are issues that should be considered.　　US National Debt Exceeds $40 Trillion　　On the same day, the Treasury made it clear that the national debt of the United States had exceeded the $40 trillion mark for the first time. Pandl pointed out that it came together with a stock of debt that has been increasing almost continuously from the global

08-28Industry

BitGo Acquires NYDIG Assets as Institutional Strategy Grows

TLDRBitGo completed the acquisition of NYDIGs institutional trading business and related assets on August 27.The deal adds derivatives, structured products, financing, and capital markets services to BitGos platform.Around 30 NYDIG employees and existing institutional client relationships will move to BitGo.BitGo aims to strengthen its regulated platform covering custody, trading, financing, settlement, and digital asset services.NYDIG will now focus on power generation, Bitcoin mining, and high-performance computing data centers.　　BitGo has completed the acquisition of NYDIGs institutional trading business and related assets, adding new trading, financing, and derivatives capabilities to its platform. The deal, announced on August 27, also brings about 30 NYDIG employees and their institutional client relationships into BitGo.　　The acquisition expands BitGos push to offer more services to professional investors through one regulated platform. The company already provides custody, wallets, staking, settlement, and trading services to institutions across digital asset markets.　　BitGo Expands Institutional Markets Platform　　BitGo said NYDIG‘s team will add expertise in derivatives, structured products, financing, and capital markets. These services will sit alongside BitGo’s existing custody and trading operations rather than replace current products.　　CEO Mike Belshe said institutions increasingly want one partner that can support digital assets from custody and trading through financing and settlement. BitGo expects the acquired

08-28Industry

Euro: ECB hike view supports range against US Dollar

Danske Research Team notes that EUR/USD remains steady near 1.1650 as markets reassess the ECB outlook. August inflation indicators are expected to show firmer headline inflation but contained underlying price pressures, supporting Danskes view of a final 25bp ECB rate hike in September followed by an extended pause, with the deposit rate seen at 2.50% through 2027.　　Pair steady with ECB path repriced　　“In the euro area, the first indications of August inflation are released, starting with France and Spain. We expect euro area inflation to rise to 3.4% y/y from 3.0% y/y, while core inflation is expected to remain unchanged at 2.5% y/y. The increase should be driven entirely by energy inflation, as pump prices are up 5% m/m for gasoline and 8% m/m for diesel. Core inflation momentum should remain muted, as also suggested by the PMI price components. ”　　“Furthermore, we await the European Commission‘s business survey for the euro area in August, with focus on firms’ selling price expectations. These have declined in recent months after rising in March and April. With services expectations now back at pre-war levels, further declines should reduce expectations for more than one additional 25bp ECB rate hike.”　　“In the euro area, the ECBs July

08-28Industry

SEC Clears Evernorth Filing, What Comes Next for XRPN？

TLDREvernorth moved closer to a Nasdaq listing after the SEC declared its S-4 registration statement effective.The company plans to go public through a merger with Armada Acquisition Corp. II and trade under the ticker XRPN.Evernorth aims to give public market investors regulated exposure to XRP without requiring direct token ownership.The proposed deal covers up to 34.5 million Class A shares and about 11.5 million warrants.Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken and GSR are among Evernorths investors.　　Evernorth moved closer to a Nasdaq listing after the U.S. Securities and Exchange Commission declared its S-4 registration statement effective. The decision allows the XRP-focused company to continue its planned merger with Armada Acquisition Corp. II.　　The company wants to offer public market investors regulated exposure to XRP without requiring direct token ownership. Evernorth also plans to invest in XRP infrastructure and use treasury strategies aimed at increasing XRP held per share.　　Evernorth Advances Toward Nasdaq Listing　　Evernorth announced the SEC action on August 27, 2026. The filing relates to its proposed business combination with Armada Acquisition Corp. II, a Cayman Islands special purpose acquisition company.　　The deal, signed on October 19, 2025, also names Ripple Labs as a party. If shareholders approve the transaction, the combined

08-28Industry