Crypto Today: Bitcoin and Ethereum gain ground as XRP extends decline amid potential Iran-Oman deal

The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).  Iran and Oman eye Strait of Hormuz deal  Iran and Oman are reportedly nearing the finalization of a strategic framework for commercial shipping through the Strait of Hormuz. Despite progress, Iranian Deputy Foreign Minister Kazem Gharibabadi emphasized to Islamic Republic News Agency (IRNA) that any agreement would not necessarily guarantee the immediate reopening of the waterway.  A senior Gulf official assesses the probability of a deal being reached by Friday at 50%.  US Vice President JD Vance stated in a Fox News interview that negotiations with Iran are likely to be “messy”, citing significant challenges posed by Irans fractured political system and negotiating stance.  Moreover, Iran has continued to deny negotiations with the US despite President Donald Trumps optimism on Tuesday that a deal could be announced this week.  Despite Bitcoin and Ethereum sustaining a slightly short-term bullish outlook, crypto market sentiment is back in Extreme Fear

08-06انڈسٹری

Bitcoin Enters Accumulation Zone as 41 of 45 On-Chain Indicators Hit Cycle Lows

Bitcoin (BTC) has entered a historical accumulation zone. Glassnode data shows 41 of 45 on-chain indicators sitting in the bottom two quintiles of their cycle ranges.  CryptoQuants Adaptive Sell-side Risk Ratio tells the same story from a different angle. However, both data sources stop short of calling a confirmed bottom for the current bear market.  41 of 45 On-Chain Indicators Point to Capitulation Territory  Glassnodes Bitcoin Cycle Composite compresses 45 on-chain indicators into a single score from 0 to 100. The gauge currently reads 19.9, deep in the cold zone reserved for capitulation phases. It last visited this area in late 2022, after the FTX collapse.  Bitcoin Cycle Composite time series at 19.9, the coldest reading since late 2022 Source: X  The move happened fast. According to pseudonymous analyst n3ocortex, who published the dataset on X, the composite median stood near 33 three months ago. Today, it has slipped to roughly 20, and 41 of 45 indicators sit in the bottom two quintiles.  Discover more  Personal finance tips  Ethereum investment guide  Fintech  Bitcoin Cycle Board Snapshot showing 41 of 45 on-chain indicators in the bottom two quintiles Source: X  Valuation and pricing models show the deepest readings. All figures reflect approximate percentile ranks within each metrics history.IndicatorPercentile rank (approx.)Price Power Law4thCoinbase

08-06انڈسٹری

Silver Price Forecast: XAG/USD clings to gains near $62 with US NFP in focus

Silver price (XAG/USD) holds onto two-day gains at around $62.00 during the European trading session on Thursday. The white metal trades firmly amid hopes of a further decline in oil prices.  In the European trade, the WTI Oil price trades 0.9% higher at around $75, but is closer to its three-week low of $73.51 posted on Wednesday.  Lower oil prices keep global inflation expectations in check, a scenario that diminishes fears of interest rate hikes by central banks. Such a case bodes well for non-yielding assets, like Silver.  Brent holds below $80 as hopes build for US–Iran deal on Strait of Hormuz  Analysts at ING highlight that “ICE Brent continues to trade below $80/bbl as the market pins its hopes on a deal between the United States (US) and Iran” that would “resume energy flows through the Strait of Hormuz.” They note that Iran has “signalled progress toward this goal,” having announced it has reached “an agreement with Oman on new shipping arrangements for the strait,” with “a joint statement on the deal now being prepared,” reinforcing market expectations of a potential easing in supply-route tensions.  Meanwhile, investors await the US Nonfarm Payrolls (NFP) data for July, which will be released on Friday. Investors will

08-06انڈسٹری

Ripple price today Analysis: August 6 Market Stalls Near Support

The crypto market remains in a defensive posture, with XRP caught in a low-conviction holding pattern. As of August 6, 2026, the Ripple price today sits at $1.05, resting on the daily pivot and just above the lower Bollinger Band — a spot that signals indecision more than trend.  XRP/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysXRP trades at $1.05on August 6, 2026, sitting near the lower Bollinger Band at $1.04Daily EMAs are stacked bearishly: price below 20-EMA ($1.08), 50-EMA ($1.11), and 200-EMA ($1.38)Fear & Greed Index at 25signals Extreme Fear across the crypto marketBTC dominance at 56.7%shows capital remains concentrated in BitcoinThe $1.04–$1.06 range is the critical zone for the next directional signal  The dominant force right now is defensive positioning, not aggressive selling or buying. Bitcoin dominance is parked at 56.7%, according to CoinGecko figures, which means capital is still concentrated in BTC rather than rotating into XRP or other majors. Total crypto market cap sits around $2.29 trillion, up a modest 0.8% over 24 hours. The broader market is not collapsing — it is simply not interested in XRP specifically. Layer on a Fear & Greed reading of 25 (Extreme Fear), and you get a picture of

08-06انڈسٹری

Brent Oil outlook: Near-term action in sideways mode, technical picture remains bearish

Brent Oil  Brent price holds within a narrow consolidation for the second straight day, following Tuesdays massive losses (down over 6% for the day), but the action stays under psychological $80 barrier with upticks capped by 200DMA ($80.73) and the base of daily Ichimoku cloud.  Fresh bears pause despite optimistic news about the latest US-Iran peace talks, as traders remain cautious following failures of previous agreements, as well as on persisting tensions after attacks on Saudi tankers in the Red Sea.  Discover more  Ethereum price tracker  Bitcoin news alerts  Financial literacy resources  Technical picture on daily chart remains increasingly bearish (thick daily cloud weighs/formation of daily Tenkan/Kijun-sen bear cross/strengthening negative momentum), though markets still depend more on geopolitical developments, as currently dominant factor in creating market direction.  Near-term action is expected to remain bearishly aligned while holding below 200DMA/cloud base and pressuring immediate support at $77.64 (Fibo 76.4% of $70.13/$101.97).  Sustained break lower to expose $75.28 (July 10 trough) and $74.25 (lower 20-d Bollinger band) guarding key $70 support zone.  Alternatively, penetration of daily cloud would ease immediate downside risk and expose barriers at $83.73 (Fibo 23.6% of 101.97/$78.10 descend); $86.05/32 (daily Kijun-sen/Tuesdays spike high) and upper pivot at $87.22 (Fibo 38.2%).  Res:80.77; 83.73; 86.05; 87.22.  Sup:78.10; 77.64; 75.28; 74.25.

08-06انڈسٹری

RWA deposits triple to $7.4B despite DeFi slump: CoinShares

RWA deposits across lending platforms and decentralized exchanges reached $7.4 billion in the second quarter of 2026, more than tripling from $2.3 billion a year earlier, according to a report published Aug. 6 by CoinShares.  SummaryRWA deposits more than tripled yearly to $7.4 billion while total DeFi deposits declined 15%.Tokenized asset spot volumes rose 220% as broader decentralized exchange activity fell approximately 70% yearly.Nearly 70% of RWA deposits sat on Ethereum lending venues, reinforcing its established liquidity advantage.TradeXYZs RWA perpetual volume increased about twentyfold since launch, while open interest continued growing steadily.CoinShares measured RWA yields between 3.2% and 5.5%, reflecting different collateral and strategy risks overall.  Over the same period, total DeFi deposits fell about 15% as investors withdrew funds and crypto prices weakened.  The data marks a shift from token issuance toward active financial use. CoinShares said the onchain market value of tokenized funds, stocks and commodities had already passed $40 billion. The $7.4 billion figure covers assets deployed in lending and trading venues, rather than the sectors entire issued value.  You might also like:  What are RWA perpetuals? Trading stocks and commodities as crypto perps  RWA deposits grow while broader DeFi contracts  Tokenized Treasury and multistrategy funds supplied much of the increase. The report named

08-06انڈسٹری

StrongBlock loses $72K after attacker hijacks abandoned governance system

An attacker has drained about $72,000 worth of STRONG and STRNGR tokens after taking control of StrongBlocks abandoned on-chain governance system through a malicious proposal.  According to blockchain security firm Defimon Alerts, the attacker acquired enough voting power in StrongBlock‘s governance to pass a proposal that ultimately transferred administrative control of the protocol’s Governor contract before the funds were removed.  Instead of exploiting a flaw in StrongBlock‘s smart contracts, the attacker used the protocol’s own governance process to gain privileged access. After obtaining administrator rights, the attacker upgraded the Governor proxy to a new implementation that allowed arbitrary contract calls using the Governors authority.  The incident adds to a series of recent crypto security events that have targeted governance systems, supporting infrastructure, and wallet software through different attack paths rather than relying solely on smart contract bugs.  StrongBlock governance was used to seize protocol control  Before the attack unfolded, the attacker accumulated a majority of the protocols STRONG governance token, which Defimon Alerts described as having become nearly worthless after the project was abandoned.  Holding enough voting power, the attacker submitted a governance proposal instructing the Governor‘s Upgrader contract to execute setPendingAdmin(attacker), making the attacker’s address the pending administrator.  Rather than bypassing governance, the proposal advanced through

08-06انڈسٹری

Block adds 85 Bitcoin, treasury rises to 9,117 BTC after S&P 500 entry

Block Inc. has increased its corporate Bitcoin treasury by 85 BTC, taking its total holdings to 9,117 BTC and moving the Jack Dorsey-led company to 15th place in the Bitcoin 100 corporate holdings ranking.  SummaryBlock has increased its Bitcoin treasury by 85 BTC, taking total holdings to 9,117 BTC.The latest purchase moves the Jack Dorsey led company to 15th place among public Bitcoin holders.The addition comes weeks after Block joined the Ss Block Inc $XYZ buys an additional 85 #Bitcoin and now holds a total of 9,117 BTC.  The latest addition comes less than three weeks after the company joined the S&P 500, becoming the second crypto-focused company to enter the benchmark U.S. stock index after Coinbase. Block officially replaced Hess Corp. before trading began on July 23 following Chevrons acquisition of the oil producer.  Block continues adding to its Bitcoin treasury  While the latest purchase amounts to only 85 BTC, it extends the companys long-running strategy of holding Bitcoin on its balance sheet alongside integrating the asset across several business lines.  Block previously disclosed that it allocates 10% of the monthly gross profit generated from its Bitcoin-related products toward purchasing more Bitcoin. The company also open-sourced the framework behind that treasury strategy last year

08-06انڈسٹری

BitMart Accused of Running Away and Blocking Withdrawals? “Debt Recovery Alliance” Formed: Users Dem

Recently, a former BitMart employee publicly exposed allegations on X, claiming that BitMart‘s collapse was a premeditated scheme to take users’ funds and disappear.  According to the claims, before its alleged shutdown, BitMart used high-yield financial products to attract and collect approximately 40 million USDT from users. The platform has since reportedly refused withdrawal requests, especially large withdrawals. Even former employees allegedly had their crypto assets locked, while the company also refused to pay employee compensation and delayed some salary payments.  It can be said that BitMart has severely damaged its reputation this time — allegedly even betraying its own employees. If insiders cannot withdraw their funds, can ordinary users still expect to get their assets back?  Even more controversially, some allegations claim that BitMarts executives are planning to move to WooxPro and repeat the same alleged fund-raising and exit strategy.  A crypto blogger on X claimed that the BitMart incident has already been officially filed for investigation and is highly likely to be treated as a landmark case.  Exposé on X (Source: @silencefisher)  Users affected by BitMart‘s withdrawal restrictions have now begun organizing themselves and forming a “Debt Recovery Alliance” to demand the return of their assets. This matter is unlikely to end anytime soon.

08-06گہرا غوطہ

CASHCAT jumps 120% in a week as Robinhood Chain hits $774 million of value locked

SummaryCASHCAT, a cat-themed memecoin on Robinhood Chain, more than doubled in a week to about 8.7 cents. It remains well below its mid-July peak of roughly 22 cents.Even as launchpad activity and many early tokens have faded, Robinhood Chain‘s total value locked has climbed to about $774 million and tokenized real-world assets to $100 million, with CASHCAT alone worth roughly 85% of those assets’ value.The token is still the deepest/most liquid memecoin pool on the chain.  The cat-themed token that dominated Robinhood Chains first trading days is up 120% over the past week, recovering part of the slide that followed Julys launch frenzy, even as the wave of tokens it launched alongside has thinned out.  CASHCAT trades near 8.7 cents, up 22% in the past 24 hours, with a market cap around $86 million on $9 million of daily volume. However, that is still well short of the roughly 22 cents it reached in mid-July.  The memecoin was built by outsiders around the cat-with-cash logo the company used before it rebranded, and its own website calls it “fan fiction with a ticker.” It became the first breakout hit on the chain within a week of the July 1 mainnet launch, minting seven-figure returns

08-06انڈسٹری
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