Why is XRP Failing to Hold $1? Binance Data Holds the Answer

Short positioning against XRP is building on Binance, while whale deposits to the exchange have collapsed to their lowest level in four years.  The combination leaves the market with crowded bearish bets and thinning sell-side supply.  Sponsored  Sponsored  XRP Open Interest Rebuilds After July Contraction  Binance XRP open interest climbed from roughly $181 million on August 3 to $232.7 million on August 17, according to analyst Amr Taha. This marks a 28.6% increase in two weeks and the highest reading since June 2026.  The rebuild reverses a sharp contraction. Open interest on Binance hit a three-month low in July, and the seven-day change sat near negative $40 million on July 29. That figure has since flipped to a positive $38.9 million.  Direction, however, favors sellers. Binance perpetual Cumulative Volume Delta (CVD) fell to negative $463.2 million, showing aggressive sell-side execution continued while positions expanded.  “The combination of rising open interest and declining perpetual CVD is consistent with new bearish positions being added, rather than the move being driven only by existing longs closing,” the analyst said.  XRP CVD on Binance. Source: CryptoQuant/Amr Taha  Sponsored  Sponsored  Spot markets show the same tilt. All-CEX estimated spot CVD swung from about positive $153 million on August 3 to negative $231.8 million, a shift of nearly

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Kalshi ordered to stop broad range of prediction markets in Washington

A Washington state judge has ordered prediction market platform Kalshi to stop offering a broad range of event contracts in the state, rejecting its argument that federal commodities law preempts Washington gambling law.  King County Superior Court Judge John McHale barred Kalshi from offering contracts tied to sports, elections, politics, entertainment, culture, tech and science, and “mentions.” Contracts involving commodities, climate, economics and finance are exempt.  “Were holding Kalshi accountable for running an illegal gambling operation,” Washington Attorney General Nick Brown said Thursday on X, citing a recent court ruling.  Kalshi must implement IP-address and residency-based geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2 to prevent people in Washington from purchasing contracts covered by the injunction.  The amended order, signed Wednesday, sets the terms of a preliminary injunction McHale granted in July. The judge found that the Commodity Exchange Act does not preempt Washington gambling law and that the state had shown a likelihood of success on claims under three state laws.  Kalshi maintains that the Commodity Futures Trading Commission has exclusive jurisdiction over its exchange. The Washington Court of Appeals denied its request to stay the injunction.

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BTC price loses 200-week trend line as 2022 repeats: Five things to know in Bitcoin this week

Bitcoin (BTC) is starting the new week at around $63,000, but bear-market history continues to repeat with weekly close below a key long-term trend line.  Key points:Bitcoin has been trading in a range between $57,700 and $67,300, but last weeks close came with a drop below the key 200-week moving average at $64,216.Markets are pricing in near-70% odds of a hold by the Federal Reserve in September, as July meeting minutes are due this week.Japan Q2 GDP figures fall short of expectations at 1.1% as analysis warns of “global tightening” that could impact Bitcoin and risk assets.  Bitcoin sees weekly close below 200-week moving average  Bitcoin price action enjoyed a modest rebound after Sundays weekly close, seeing local highs of $63,655 on Bitstamp.BTC/USD one-hour chart. Source: Cointelegraph/TradingView  Data from TradingView shows BTC/USD continuing to tread water as the week begins, failing to challenge either side of a narrow trading range.  Analyst Benjamin Cowen, however, drew attention to the fact that BTC/USD is now back below its 200-week simple moving average (SMA). As Cointelegraph reported, this moving average was a defining feature in the 2022 bear market, when it turned resistance in August before BTC entered its long-term bottoming phase.  “What is interesting is how in both

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No change in bitcoin holdings as Strategy boosted dollar reserve, bought back more STRC last week

SummaryStrategy sold 3.46 million MSTR shares for $333.7 million, using the proceeds to repurchase $132.2 million of STRC, fund $52.4 million of dividends and add $150 million to its USD reserve.The company made no bitcoin purchases or sales, leaving its holdings at 840,447 BTC, while its $4.8 billion USD reserve now covers 2.8 years of obligations.  Bitcoin treasury firm Strategy (MSTR) raised $333.7 million last week through the sale of 3.46 million shares of common stock, according to a Monday filing.  The company did not buy or sell any bitcoin during the week ended Aug. 16, leaving its bitcoin reserve unchanged at 840,447 BTC. The holdings were acquired for $63.36 billion at an average price of $75,385 per bitcoin, including fees and expenses.  Strategy used $132.2 million of the stock-sale proceeds to repurchase 1,388,720 shares of its variable-rate preferred stock, STRC. It allocated another $52.4 million to STRC dividends and added approximately $150 million, to its U.S. dollar reserve.  The reserve increased to $4.80 billion as of Aug. 16, extending Strategy‘s USD duration to 2.8 years. It is intended to support dividend payments on the company’s preferred stock and interest payments on its outstanding debt.  Following the latest transactions, Strategy has $653 million remaining under

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Strategy sells $334 million in MSTR shares, makes no bitcoin purchases or sales as USD reserve hits $4.8 billion

Quick TakeStrategy has sold 3.46 million MSTR shares for approximately $333.7 million, but did not buy or sell any bitcoin last week.The firms USD reserve balance rose nearly $150 million to $4.8 billion.  Bitcoin treasury company Strategy sold approximately $333.7 million worth of MSTR shares last week, according to an 8-K filing with the Securities and Exchange Commission on Monday.  The firm said it sold 3,458,866 MSTR shares between Aug. 10 and Aug. 16, buy did not buy or sell and bitcoin during the period.  $52.4 million in net proceeds from the MSTR sales were used to fund dividends on Strategys STRC preferred stock, $132.2 million were used to fund repurchases of STRC under its Digital Credit Securities Repurchase Program, and $149.1 million were used to increase its USD reserve to $4.8 billion, the firm said.  Strategy has therefore retained its bitcoin holdings at 840,447 BTC — worth around $53.4 billion — bought at an average price of $75,385 per bitcoin for a total cost of around $63.4 billion, including fees and expenses.  Strategys holdings are still equivalent to around 4% of bitcoins 21 million supply cap, but carry around $10 billion of paper losses at current prices.  Bitcoin traded flat on Monday immediately following the

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+128% in Shiba Inu (SHIB) Exchange Inflows: Can It Stop the Market Drop?

Although exchange-related activity at Shiba Inu has significantly increased, the underlying flows do not yet offer compelling proof that SHIBs market decline is coming to an end. Tokens are actually leaving trading platforms more quickly than they are arriving, despite the fact that one inflow metric has increased by more than 100%.  Exchange inflows stay relevant  The seven-day moving average of mean exchange inflows is the most notable statistic. While shorter-term measurements have recently revealed an increase of about 128 percent, it has increased by 87.76% over the past 24 hours. Additionally, total exchange inflows increased by 1.9% to reach roughly 147.57 billion SHIB.  SHIB/USDT Chart by TradingView  Higher exchange inflows typically increase the risk of selling because tokens moved to exchanges are more easily traded. But inflows by themselves do not give a complete picture. The total exchange outflow from SHIB increased by 4.27 percent to 234.62 billion tokens.  Netflows stay relevant  That is about 87 billion SHIB more than the inflows. As a result, the exchange netflow metric is currently at about -87.05 billion SHIB and has decreased by an additional 3.82%. The same pattern is reinforced by large transactions. Top-10 exchange inflows are approximately 3.32 billion SHIB, whereas Top-10 outflows are significantly higher

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Ethereums next big upgrade has 66 proposals, including a major privacy fix

SummaryEthereum developers are weighing whether to include Frame Transactions in the 2027 Hegotá upgrade, a change that would let users customize how transactions are approved, executed and paid for.Together with two related proposals, Keyed Nonces and EIP-8272, Frame Transactions aims to reduce the outside infrastructure needed for private payments on the blockchain, while leaving ordinary ether (ETH) transfers as transparent as they are today.Only one change has been approved so far — a censorship-related measure called FOCIL — and core developers will decide in coming meetings which of the remaining 66 will advance.  Ethereum developers are deciding whether the blockchains next major upgrade, Hegotá, should make it easier to build private transactions without relying on middlemen.  As with other blockchains, all Ethereum addresses are permanent and hold a running balance, so anyone can read an addresss full history and see what it holds. That presents a problem for payroll, treasury operations or anyone who would rather not publish their finances.  Dealing with that has been left to applications built on top of Ethereum. A package now under consideration would move part of the job into the network itself.  The centerpiece is Frame Transactions, or Ethereum Improvement Proposal 8141 (EIP-8141), which would let an account

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Israels largest crypto broker Bits of Gold hit by data breach affecting 200,000 customers

SummaryCryptocurrency broker Bits of Gold said hackers accessed personal data for about 200,000 customers via a breach at a third-party data analytics provider.The stolen information includes names, national ID numbers, emails, phone numbers, IP addresses, bank account details and public wallet addresses, but not funds, passwords, private keys or scanned IDs.The incident is part of a broader wave of crypto-related data breaches, following recent exposures at SafePal and Trezor linked to compromises at their external vendors.  Cryptocurrency broker Bits of Gold said personal data belonging to roughly 200,000 customers was stolen by hackers, the company reported.  The Tel Aviv, Israel-based company reported the security breach on Sunday, saying a hacker gained unauthorized access to a third-party data analytics network and,gained access to customers names, national ID numbers, emails, phone numbers, IP addresses, bank account details, and public wallet addresses.  “Upon detection of the incident, we blocked access and disconnected the system from the information sources, so this access ended,” the company stated.  Bits of Gold said no funds, private keys, passwords, CVV codes, or scanned ID documents were exposed. The broker said its initial findings indicate the attack was part of a broader global incident that hit other companies simultaneously.  It is the third data

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Tudor Investment adds 109,446 shares to BlackRock Bitcoin ETF stake

Tudor Investment has increased its BlackRock Bitcoin ETF stake by 18.9% in the second quarter, ending a year-long run of reductions while cutting most of its reported call-option exposure to the fund.  SummaryTudor Investment increased its BlackRock Bitcoin ETF stake by 18.9% in the second quarter.The hedge fund added 109,446 IBIT shares, taking its total holding to 688,529 shares worth about $22.9 million.Tudor cut its reported IBIT call options by about 85% while its put position remained roughly unchanged.The purchase ended a year-long run of reductions from Tudors late 2024 peak of more than 8 million IBIT shares.  The Securities and Exchange Commission filing submitted on Aug. 14 showed that the macro hedge fund founded by billionaire Paul Tudor Jones held 688,529 shares of BlackRocks iShares Bitcoin Trust, or IBIT, as of June 30, up from 579,083 shares at the end of March.  Tudor added 109,446 shares during the quarter, taking the reported value of the position to about $22.9 million. The purchase reversed the direction of its IBIT holdings after the firm spent much of 2025 reducing a position that had once exceeded 8 million shares.  At the end of 2024, Tudor held more than 8 million IBIT shares worth roughly $427 million.

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XRP Futures Activity on Binance Prints Bullish Signal With 29% Surge

XRP is still struggling to recover from its recent price correction that caused its price to retest its multi-year low at $0.98, but its derivatives market on Binance is providing a different signal.  While the high price volatility has drawn attention towards XRP, the latest data from crypto analytics platform CryptoQuant shows that XRPs derivatives market on Binance has seen a sharp increase in activity this month.  Currencies s behind XRPs 29% OI surge?  The data further showed that XRP open interest on Binance had climbed from about $181 million on August 3 to $232.7 million on August 17.  As such, the Binance XRP OI saw a sharp increase of 28.6% over the last two weeks, bringing the XRP futures market to its highest level since June 2026.  While this has come during a period of heightened volatility and consistent price declines, it appears the sharp OI surge is being driven largely by intense bearish positioning by traders rather than renewed bullish demand.  Not a bullish signal?  The analyst further provided extended data of XRPs seven-day open interest trend, showing that XRPs open interest change on Binance moved from about -$40 million on July 29 to +$38.9 million on August 17. This further proves that fresh positions

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