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#MarketTurbulence #BinanceSquareTalks $XRP Most cryptocurrencies haven't caught on with institutional investors yet. Only Bitcoin and Ethereum have bucked that trend, because they're the most established coins and the easiest to buy, especially now that they're available through crypto exchange-traded funds (ETFs). But institutional investors have purchased $1.1 billion in XRP this year, according to data released Aug. 12 by CoinShares. That puts it in third and is a sign that XRP could be next to see widespread institutional adoption. Another reason for optimism about institutional investment is the status of spot XRP ETFs. Several asset managers are seeking XRP ETF approval from the SEC, which is planning to make a ruling in October The expectation that XRP will be the next cryptocurrency to get ETF approval has likely encouraged investors to buy in before that happens. Wellgistics debuts XRP payments for independent US pharmacies Wellgistics is bringing Ripple’s XRP Ledger to 6,500 US pharmacies, one of the first large-scale blockchain payment systems in healthcare.

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#ETHBreaks4000 #TradingCommunity $ETH For the first time in eight months, Ethereum has crossed the symbolic $4,000 mark. Between massive inflows on its ETFs, accelerated institutional adoption, and upcoming technical reforms, ETH seems more determined than ever to nibble away at Bitcoin’s ground. The trend could well mark a strategic turning point for the crypto market.

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#CryptoScamSurge $XRP *1. Ripple warns that bad actors are stealing YouTube accounts and using them to impersonate the firm to shill their scams, including fake “XRP giveaways.” *2 North Carolina officials launch statewide effort to prevent crypto scams The following are signs to be vigilant of: An older adult is using the crypto ATM while someone on the phone is talking to them. An older adult telling you they need to withdraw cash immediately from their bank account to send to someone who called them. Someone says a government official told them to pay a fine with crypto. Remind them that the government NEVER accepts crypto as payment. Anyone who is acting stressed, scared, or emotional may be receiving threats. “It's crucial that North Carolina’s investing public have the tools to spot, stop, and report scams related to cryptocurrency ATMs,” Marshall said.

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#CryptoClarityAct $BTC $ETH Crypto market capitalisation hits $4 trillion Since then, crypto has been on a steady rise, accelerating rapidly after the coming to power of Trump and his pledge to the crypto speculators, of which he is one, raking in billions of dollars, to make the US the crypto capital of the world. Three pieces of legislation have been presented. The so-called GENIUS Act, which has passed both the House and the Senate, facilitates the establishment of stablecoins that aid the entry of major finance houses, as well as non-financial corporations, into the crypto world. The Clarity Act, which has passed the House and now awaits approval in the Senate, is possibly even more significant because it removes regulation of the crypto market from the Securities and Exchange Commission and gives it to the Commodity Futures Trading Commission, which is regarded as being more “crypto friendly.” In comments to the New York Times, Kara Calvert, a top official at the major crypto exchange Coinbase, said it “has been absolutely the most important thing we have been pushing for.”

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#ETHBreaks3700 $ETH Ethereum Price Climbs Above $3,700—Is Altcoin Season Finally Here Ether is now outperforming Bitcoin, sparking a sentiment of the official start of altseason. With a $416 billion valuation, Ethereum has entered the list of the top 30 global assets. ETH price is running up by 20% over the last 7 days as BTC witnesses a halt at $120K after smashing fresh ATHs. Whales go after Ethereum On-chain data shows two mysterious whale wallets, 0x35fb and 0x9684, scooped up 206,415 ETH (worth $745 million) in just the past week. 0x35fb withdrew 103,274 ETH (worth $372.8 million) from Kraken over 9 days, while 0x9684 pulled 103,141 ETH (worth $372.3 million) from FalconX. The moves appear to be for long-term positioning.

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