Anchorage Digital is facing backlash after announcing plans to discontinue support for three stablecoins — USDC, AUSD, and USD0 — citing “regulatory expectations” and concentration risks linked to their issuers. Agora CEO Nick van Eck criticized Anchorage for publishing false information and failing to disclose its relationship with Paxos, which could benefit from the move. Anchorage stated the decision aligns with its preparation for the potential passing of the GENIUS Act in the U.S. Meanwhile, Tether has declined to comply with the EU’s MiCA framework, citing associated risks.
Source: https://x.com/Nick_van_Eck/status/1938239465866092949
Morning News Update #Web3
⚖️ Dwayne Golden, partner in multiple fraudulent crypto firms, sentenced to 8 years in prison for stealing $40 million.
📢 Ripple Labs CEO Brad Garlinghouse announced the company will drop its cross-appeal against the SEC. The SEC is also expected to withdraw its appeal, signaling an end to their years-long legal battle.
💰 U.S. spot Bitcoin ETFs saw a net inflow of $497.57 million yesterday.
📱 Protos reports an Instagram account using Elon Musk’s name is being auctioned in a Telegram trading group, with bids reaching $6,000. Concerns rise that it could be used to promote scam meme coins.
🐋 A whale/firm withdrew 1,888 ETH from Binance just 20 minutes ago.
#Ripple #SEC #BitcoinETF #ElonMusk
$PENGU is trading at $0.01092 USD—with a 24-hour volume of $258.7 million and a market cap of $686.7 million, up 17.2% on the day. This rally was kicked off by the launch of the “PenguDAO v2” governance upgrade—which unlocked new staking rewards pools and immediately drove a 45% surge in on-chain staking activity—was turbo-charged by PENGU’s recent listing on Binance US, opening fresh USD liquidity and sending daily volumes nearly 187% higher, and has been further reinforced by the surprise announcement of a cross-chain NFT marketplace partnership with Blur, which has reignited community buzz; on-chain data now show significant whale accumulation withdrawing large PENGU stakes from exchanges and tightening circulating supply, while the token’s decisive reclaim of the $0.0095 pivot on heavy volume drew momentum traders back in.
WalletConnect is known as the "connection hub" of the blockchain application ecosystem. It builds a bridge between wallets and decentralized applications, greatly enhancing user convenience across multiple platforms. The WCT token, as the core of the ecosystem, is not only an important tool to incentivize developers and users to participate but also empowers holders with a voice through governance mechanisms, driving the project towards a direction that better meets needs. The @WalletConnect team continuously expands the ecosystem landscape through iterative technology and actively expanding collaborations. In the future, with the proliferation of Web3 applications, #WalletConnect is expected to become the industry standard protocol, and the WCT token will also highlight greater value in the thriving ecosystem.
#WalletConnect @WalletConnect $WCT
WalletConnect is known as the "connection hub" of the blockchain application ecosystem. It builds a bridge between wallets and decentralized applications, greatly enhancing user convenience across multiple platforms. The WCT token, as the core of the ecosystem, is not only an important tool to incentivize developers and users to participate but also empowers holders with a voice through governance mechanisms, driving the project towards a direction that better meets needs. The @WalletConnect team continuously expands the ecosystem landscape through iterative technology and actively expanding collaborations. In the future, with the proliferation of Web3 applications, #WalletConnect is expected to become the industry standard protocol, and the WCT token will also highlight greater value in the thriving ecosystem۔ $WCT
{spot}(WCTUSDT)
XRP Surges 3.29% Amid Legal Twists and $439M Transfers as Regulatory Clarity Nears
XRPUSDT experienced notable price fluctuations over the past 24 hours, primarily driven by significant legal developments. The denial of the joint Ripple-SEC motion for an indicative ruling and Ripple's decision to drop its appeal in the SEC case created renewed uncertainty, initially leading to increased selling pressure and a price dip. However, the market subsequently stabilized as regulatory clarity appeared imminent, with large-scale wallet accumulation and substantial internal transfers (including Ripple moving $439 million in XRP) indicating continued institutional and retail interest.
On Binance, XRP is trading at $2.1734, up 3.29% from a 24-hour open of $2.1041, with strong trading volume and a circulating supply of approximately 59 billion tokens. The asset remains in a consolidation phase, supported by high liquidity and cautious optimism, as investors monitor both technical support levels and the final resolution of legal proceedings.
WalletConnect is known as the "connection hub" of the blockchain application ecosystem. It builds a bridge between wallets and decentralized applications, greatly enhancing user convenience across multiple platforms. The #WCT token, as the core of the ecosystem, is not only an important tool to incentivize developers and users to participate but also empowers holders with a voice through governance mechanisms, driving the project towards a direction that better meets needs. The @WalletConnect team continuously expands the ecosystem landscape through iterative technology and actively expanding collaborations. In the future, with the proliferation of Web3 applications, #WalletConnect is expected to become the industry standard protocol, and the WCT token will also highlight greater value in the thriving ecosystem
#BlackRock is buying more #bitcoin per day than the entire network can mine.
Just this week:
1,430 BTC (Today)
1,522 BTC (Yesterday)
3,158 BTC (Wed)
4,134 BTC (Tue)
2,110 BTC (Mon)
Total: 12,354 $BTC in 5 days
Only 450 #BTC mined daily.
📉 Supply is shrinking.
📈 Price impact is coming.
$SERAPH $SEI
The Central Bank of Bolivia, a South American country, reported that since the lifting of the cryptocurrency ban in 2024, Bolivia's crypto payment transactions reached US$430 million in 12 months, a year-on-year increase of 630%. 86% of the transactions were completed by individuals, mainly through channels related to Binance. The government has approved the national energy company to use cryptocurrencies to import fuel.
The current data for Bitcoin, shows a price of $107,168.67, reflecting a 3.52% increase, which suggests a positive short-term trend. The market cap stands at $2.13T with a trading volume of $44.5B over the last 24 hours, indicating strong market activity and investor interest. The circulating supply of 19.88M BTC out of a maximum 21M BTC shows the asset is nearing its cap, which could influence future scarcity and price dynamics. The chart highlights a recent upward movement, recovering from a dip around June 24-25, reinforcing a bullish sentiment in the near term.
However, the recent volatility, with a noticeable drop followed by a recovery, suggests caution. The fully diluted valuation (FDV) of $2.25T and a profile score of 100% indicate a robust market perception, but the 2.08% volume change hints at potential stabilization or consolidation. With a 4.4-star rating and widespread adoption (as seen from social and explorer links), Bitcoin remains a strong contender, though the historical chart shows it has experienced significant fluctuations, urging investors to monitor market conditions closely.
Overall, the sentiment leans cautiously optimistic.
Robinhood has launched micro futures contracts for XRP, Solana, and Bitcoin, expanding its crypto derivatives offerings. These products feature low margin requirements, catering to retail investors seeking leveraged exposure with smaller capital. Each XRP micro futures contract represents 2,500 XRP (approximately $5,200). The move builds on Robinhood’s partnership with CME Group and reflects its long-term strategy to become a “financial super app.” Crypto trading now accounts for over 43% of the company’s transaction-based revenue, underscoring its role as a core growth driver.
⚖️ Ripple Drops Cross-Appeal, $XRP Lawsuit Nears End
Ripple CEO Brad Garlinghouse announced that the company will withdraw its cross‑appeal in the long‑running SEC lawsuit, and the SEC is expected to do the same, effectively closing the legal chapter .
This follows federal judge Analisa Torres rejecting a proposed settlement to reduce Ripple’s $125 M fine and lift the injunction .
📊 Market & Regulatory Impact
Clarity arrives: With appeals dropped, the 2023 ruling stands—programmatic XRP sales are not securities, but institutional sales remain regulated .
Price trend: XRP rose ~1–2% on the news, as traders interpret this as the final legal hurdle clearing .
ETF optimism: With legal uncertainty fading, XRP-spot ETF applications stand a stronger chance of approval .
🛠️ Technical Outlook & Strategy
Factor Monitor Points
Support $2.07 zone is now a key base—bouncing off this level
Upside targets A clean breakout above $2.20 could set XRP up toward $2.65
Volume & momentum Look for rising volume to confirm breakout strength
Macro & SEC moves Quick SEC appeal drop + Trump administration could further boost confidence
#BinanceAlphaAlert #ScalpingStrategy #crypto #xrp
Morning News Update #Web3
⚖️ Dwayne Golden, partner in multiple fraudulent crypto firms, sentenced to 8 years in prison for stealing $40 million.
📢 Ripple Labs CEO Brad Garlinghouse announced the company will drop its cross-appeal against the SEC. The SEC is also expected to withdraw its appeal, signaling an end to their years-long legal battle.
💰 U.S. spot Bitcoin ETFs saw a net inflow of $497.57 million yesterday.
📱 Protos reports an Instagram account using Elon Musk’s name is being auctioned in a Telegram trading group, with bids reaching $6,000. Concerns rise that it could be used to promote scam meme coins.
🐋 A whale/firm withdrew 1,888 ETH from Binance just 20 minutes ago.
#SEC #BitcoinETF #ElonMusk #ETH
BANANAS31 Soars 28.49% in 24 Hours Amid Surging Volume and Binance Trading Activity
BANANAS31USDT experienced a significant 24-hour price increase of 28.49%, rising from an open of $0.008844 to a current price of $0.011364, with trading volume surging to approximately $143.67 million. The sharp price movement can be attributed to heightened speculative interest following its recent all-time high and strong social media presence, as well as increased activity related to its listing and trading on Binance. Market sentiment has been influenced by reports of high volatility and concentrated token holdings, which have raised concerns about potential price manipulation and rapid shifts in liquidity. Despite these risks, BANANAS31 remains actively traded, with ongoing attention from retail traders and notable short-term price swings.
Whales and institutions are still buying $ETH!
SharpLink Gaming, which previously announced a purchase of 188,478 $ETH($473.6M) at $2,513, bought another 1,989 $ETH($4.82M) via OTC 5 hours ago.
Meanwhile, whale 0x1fc7, who bought and staked 3,201 $ETH($8.1M) a week ago, bought another 1,888 $ETH($4.56M) and staked it an hour ago.
https://t.co/bheAzvg1Zk
Whales and institutions are still buying $ETH!
SharpLink Gaming, which previously announced a purchase of 188,478 $ETH($473.6M) at $2,513, bought another 1,989 $ETH($4.82M) via OTC 5 hours ago.
Meanwhile, whale 0x1fc7, who bought and staked 3,201 $ETH($8.1M) a week ago, bought another 1,888 $ETH($4.56M) and staked it an hour ago.
https://intel.arkm.com/explorer/address/0xCd9e09B30d481cc33937CE33fEB3d94D434F5F75
https://intel.arkm.com/explorer/address/0x1fc75ad0511DDC3A23B9583BA1C285b8292FAEd5
💰 BlackRock is buying more Bitcoin per day than the entire network can mine📈.
Just this week:
1,430 BTC (Today)
1,522 BTC (Yesterday)
3,158 BTC (Wed)
4,134 BTC (Tue)
2,110 BTC (Mon)
Total: 12,354 BTC in 5 days
Only 450 BTC mined daily.
📉 Supply is shrinking.
📈 Price impact is coming.
🧾 BlackRock’s Buying vs. Mining Output
• Bitcoin Mined Daily: ~450 BTC
(Post-halving, this is the fixed block reward output)
• BlackRock’s Buying (Past 5 Days): 12,354 BTC
• That’s ~27.5x more than what is mined in a day.
• Over 5 days, the network mined 2,250 BTC, yet BlackRock alone bought 12,354 BTC — over 5.5x the new supply.
🔥 Implications
1. Supply Shock:
• With such aggressive institutional accumulation, liquid supply is rapidly drying up.
• Many long-term holders (HODLers) are not selling — only freshly mined coins are typically available on the open market.
2. Price Pressure Upward:
• Demand (especially from ETFs and institutions like BlackRock) is far outstripping supply.
• Unless sellers emerge, price must rise to restore equilibrium.
3. ETF Demand Machine:
• If BlackRock is doing this daily through its iShares Bitcoin Trust (IBIT), we may be witnessing a persistent source of structural demand.
📈 What Could Happen Next
• If this pace continues:
• Price may accelerate upwards.
• Retail FOMO could kick in.
• Miners might choose to HODL more rather than sell at current prices.
• BlackRock isn’t alone — Fidelity, Grayscale, and others are also accumulating.
#BTC110KToday? #btc #MarketUpdate #ScalpingStrategy #BlackRock
{spot}(BTCUSDT)
{spot}(ETHUSDT)
{spot}(SOLUSDT)
$XRP $BNB $BTC