Crypto News

Enter Brad Garlinghouse, the CEO of Ripple, a man whose job it is to be enthusiastic about XRP. The other day, he took to the platform formerly known as a bird call to share a thrilling development: he is now in possession of a credit card. Not just any credit card, mind you. This one is *special*. It has the magic letters X-R-P on it. His proclamation, infused with the kind of breathless excitement usually reserved for the discovery of a new moon, was: “An XRP rewards credit card out in the world?! What a time to be alive, XRP family…” One can only imagine the brainstorming session that yielded this particular piece of fiscal innovation. “What if… now hear me out… what if we gave people a way to spend money… to get more internet money?” Genius. Sheer genius.

On August 25th, the CME Group, who clearly loves throwing parties with numbers, announced on their favorite social media circus that their crypto futures suite – a kind of financial Instagram filter for crypto – topped $30 billion in notional open interest, which is a fancy way of saying “everyone’s trading a boatload of digital doodads.”

Sequans already holds more than 3,000 BTC, currently valued at about $331 million, making it one of Europe’s largest corporate holders of Bitcoin. Only Germany’s Bitcoin Group SE sits higher on the leaderboard. And this isn’t a half-measure-Sequans has set an audacious target of accumulating 100,000 BTC by 2030. 🐿️

Ether (ETH) is showing resilience against Bitcoin (BTC) after shaking off the latest “Monday Trap,” a recurring pattern where leveraged longs face steep liquidations at the start of the week. While ETH rallied as much as 5% on Tuesday, BTC’s return has been limited to only 1%. One can almost hear the sighs of relief from ETH holders, while BTC traders are left to ponder their fate. 🙄

Not content with mere participation, XRP futures are setting records faster than the latest viral dance craze. Four days prior to this grand revelation, CME heralded a fresh milestone-over 6,000 contracts on August 18, with a staggering $9.02 billion in notional volume-a sum that screams “look at me!”-and roughly 12 million tokens changing hands, or as we like to call it, XRP’s version of a Monday morning coffee run. This isn’t just a flash in the pan; it’s a marathon of institutional interest that’s sticking around longer than most bad habits.

Behold the 1-minute WIF/USDT chart, where the price is currently testing the 0.774 support level, a spot that has held firm like an old man’s grip on his last dollar. If this support crumbles, we might just see a plunge down to 0.761, like a bad joke falling flat. But if it bounces back, we could be eyeing the resistance at 1.079, and who knows, maybe even higher-like a kid on a sugar rush!

The CRO price has scampered up a dramatic 22% in the small hours, leaving traders clutching their monocles. What caused this? None other than the Trump Media & Technology Group, Crypto.com, and Yorkville Acquisition concocting a scheme so boldly American it would make Gatsby spit out his champagne-a $6.4 billion Cronos Treasury gambit.

In an X post, Pumpius, the modern-day Nostradamus of crypto, proclaimed that the world is hurtling toward a digital ID era. “Governments, banks, and big tech,” he intones, “all admit that everyone will need this digital ID to transact in the coming system.” But what, pray tell, is this “digital ID”? A passport? A driver’s license? No, my friends – it’s your biology! 🧬 The ultimate ID, according to this oracle, is your very DNA. A world where your genetic code is the key to your wealth. What a marvel! 🤯

In a display of sheer audacity, Hyperliquid has rebounded sharply, defending its sacred ground between $40 and $42. This zone, now a fortress of support, has been tested repeatedly, and each time it has emerged victorious. The latest surge has propelled the price back into the mid-$45 range, a clear indication that momentum is shifting, or perhaps just taking a leisurely stroll.

The Nasdaq-listed company casually mentioned that it picked up 56,533 ETH last week at an average price of $4,462. No big deal, right? Oh wait, yes it is-because this little excursion was funded by $360.9 million raised through their at-the-market offering facility during the week of Aug. 18-22. And if you thought that was impressive (or mildly concerning), their total ethereum staking rewards have now reached 1,799 ETH. One wonders if they’re running out of places to store all these digital doubloons. 🏦💎