XRP price fell about 5% to $1.05 on July 28 as a broader risk-off move and forced long liquidations pushed the token below a closely watched technical floor. Summary XRP dropped from roughly $1.11 to $1.05, breaking support near $1.054. The 4-hour RSI fell to 25.93, placing XRP in oversold territory. Daily Chaikin Money Flow
In crypto news today (July 28), Bitcoin has dropped nearly -3% overnight, losing $65,000 and looking likely to retest $60,000 ahead of today’s FOMC meeting. Liquidations have picked up as a result, with over $600M in positions blown up since yesterday, and unsurprisingly, more than $530M of that figure has come from long trades. Yesterday
The joint filing backs federal oversight but asks the CFTC to clarify settlement tests and publish its reasoning after every contract review. The Hyperliquid Policy Center and Multicoin Capital submitted a joint comment to the US Commodity Futures Trading Commission (CFTC) on July 27th. They expressed support for the agency’s proposed prediction market framework
South Korean police have searched the home of former Incheon Mayor Yoo Jeong-bok and city offices as part of an investigation into allegations that cryptocurrency assets were omitted from his local election financial disclosure. Summary South Korean police searched former Incheon Mayor Yoo Jeong bok’s home and city offices over alleged cryptocurrency disclosure violations. Investigators
BEAT has plummeted the most from the top 100 alts, followed by NEAR, SHIB, and PI. After rallying on Monday to a multi-day peak following the weekend de-escalation on the war front, bitcoin was violently rejected and driven south by almost three grand in hours. Most altcoins have joined the painful ride, including ETH,
Pennsylvania lawmakers have introduced a bipartisan bill that has proposed insider-trading rules for prediction markets while preventing sportsbooks and other gambling companies from supplying liquidity or acting as market makers for those platforms. Summary Pennsylvania lawmakers have introduced a bipartisan bill that would bar gambling companies from acting as liquidity providers or market makers for
Fundstrat’s Tom Lee believes the passage of the CLARITY Act in the United States will supercharge crypto. Bitmine chairman Tom Lee said on CNBC on Monday that crypto is recovering because it is being embraced outside the United States. Europe, Japan, and Russia are passing CLARITY Act-like bills to regulate the industry, which has
Kraken parent Payward entered a definitive agreement on July 27 to acquire Magic Labs’ wallet-as-a-service business through an asset purchase. Summary Payward will acquire Magic Labs’ wallet business, adding infrastructure that has powered 60 million wallets. The wallet platform processed over $10 billion in stablecoin volume for more than 200,000 developers. Newton Labs will focus
Some traders dismissed the ambitious forecast, while others argued a five-figure ETH price is far from unrealistic. Pseudonymous trader CrediBULL Crypto is calling for Ethereum (ETH) to reach $20,000 or higher, repeating a target he first laid out three weeks ago when the token was trading near $1,500. According to him, Ethereum is finishing
Cantor Fitzgerald is advising Swiss digital asset lender AMINA Bank on a possible public listing as the Wall Street firm expands its role in crypto capital markets. Summary AMINA Bank is considering a public listing, although its valuation and preferred exchange remain undisclosed. Cantor’s mandate follows its onchain IPO partnership with Securitize, announced earlier in