CryptoPotato News (Official)

Ripple (XRP) ETFs Remain in the Green, But the Actual Inflows Tell a Different Story • Spot XRP ETFs ended the week with a minor inflow of $2.25 million, but this was primarily due to a single day of activity, with four days showing no inflows. • XRP's price has struggled, dipping below $1.00 for the first time in nearly two years, as institutional interest appears to be waning despite some large US institutions revealing exposure to XRP. • On-chain metrics indicate increased network activity, but overall investor sentiment has dropped to a multi-month low, suggesting potential volatility ahead. https://cryptopotato.com/ripple-xrp-etfs-remain-in-the-green-but-the-actual-inflows-tell-a-different-story/

Bitcoin and Ethereum ETF Flows Shifted Last Week: Here’s What You Missed • Bitcoin ETFs experienced significant outflows, losing nearly $390 million over the past week, with Monday seeing the largest withdrawal of $144.67 million. • Ethereum ETFs ended a five-week streak of net inflows, recording modest withdrawals of $2.26 million, but still outperforming Bitcoin ETFs in terms of overall performance. • BlackRock's IBIT remains the largest Bitcoin ETF with nearly $47 billion in net assets, followed by Fidelity's FBTC and Grayscale's GBTC. https://cryptopotato.com/bitcoin-and-ethereum-etf-flows-shifted-last-week-heres-what-you-missed/

Biggest Weekly Alt Gainers and Losers Revealed as BTC Stalls at $63K: Weekend Watch • Bitcoin's price has stabilized at $63,000 over the weekend, following a decline from $65,400 earlier in the week, resulting in a loss of approximately $3,000. • Major altcoins have also seen mixed performance, with significant weekly losses for ADA (-10.6%), UNI (-18%), and ETH (-1.6%), while WLFI and WLD gained over 13%. • The total cryptocurrency market cap remains steady at around $2.230 trillion, with Bitcoin's market dominance below 57%. https://cryptopotato.com/biggest-weekly-alt-gainers-and-losers-revealed-as-btc-stalls-at-63k-weekend-watch/

We Asked ChatGPT: Is XRP’s Bottom Finally In After the Crash Below $1? • Ripple's XRP has dipped below the psychological support level of $1.00, marking a 21-month low and a 70% decline from its all-time high. • Analysts, including ChatGPT, suggest that while the bottom may be near, there are signs of continued downward pressure, such as a low Taker Buy/Sell Ratio and rising futures positioning. • ChatGPT indicates that a break below the $0.94-$0.95 range could lead to further losses, but acknowledges the possibility that the recent dip could represent a local capitulation bottom. https://cryptopotato.com/we-asked-chatgpt-is-xrps-bottom-finally-in-after-the-crash-below-1/

Is Dogecoin About to Go Parabolic? These DOGE Signals Suggest So • Dogecoin (DOGE) has recently fallen below $0.07, marking a significant decline from its 2021 all-time high, but analysts believe this could set the stage for a potential rally. • Analyst Ali Martinez noted bullish indicators, including a return to a long-term price channel and multiple buy signals from the TD Sequential indicator, alongside increased network activity. • Other analysts, including Crypto Patel, support the bullish outlook, identifying the $0.07-$0.10 range as a key accumulation zone, with projections suggesting potential targets of $0.28, $1, and even $4 in the long term. https://cryptopotato.com/is-dogecoin-about-to-go-parabolic-these-doge-signals-suggest-so/

Binance Research: Gen Z Lifted ETFs to 25% of Its Equity Volume in August • Gen Z's equity trading volume in ETFs on Binance rose to 25.0% in early August, up from 14.6% in June, while millennials allocated 9.5% of their equity volume to ETFs. • Despite a 17.4% drop in total net equity deployment for Gen Z in July, their ETF holder base grew by 2.9%, contrasting with declines in other age cohorts. • Leveraged and inverse ETFs accounted for only 9.25% of Gen Z's direct-equity turnover in July, with 88.2% of their accounts showing no leveraged activity, indicating a cautious approach to risk. https://cryptopotato.com/binance-research-gen-z-lifted-etfs-to-25-of-its-equity-volume-in-august/

Bank Leumi Taps Galaxy to Launch Israel’s First Bank Crypto Trading in Early 2027 • Bank Leumi will launch Bitcoin, Ethereum, and Solana trading for 2.5 million retail customers in early 2027 through a partnership with Galaxy Digital, marking Israel's first bank-based digital asset trading service. • The trading will occur within a secure section of Leumi Trade, utilizing GalaxyOne Institutional's platform and custody infrastructure. • The initiative awaits approval from the Bank of Israel, following a previous unsuccessful attempt in 2022, with recent regulatory changes indicating a more favorable environment for crypto transactions. https://cryptopotato.com/bank-leumi-taps-galaxy-to-launch-israels-first-bank-crypto-trading-in-early-2027/

Ethereum Price Analysis: Is $2K Still Possible After ETH Drops Below $1.9K? • Ethereum is experiencing a consolidation phase around $1.88K, with weak liquidity and low trading activity hindering any significant price movement. • A recent breakdown below an ascending trendline raises bearish concerns, with immediate support at $1.80K-$1.84K; failure to hold this level could lead to further declines toward $1.71K-$1.75K. • The absence of large whale orders indicates a lack of conviction in the market, suggesting that without increased participation, ETH may struggle to achieve a sustainable breakout. https://cryptopotato.com/ethereum-price-analysis-is-2k-still-possible-after-eth-drops-below-1-9k/

XRP Is Flashing Two Contradictory Signals: Which One Should Ripple Traders Trust? • XRP has dipped below $1.00 multiple times recently, leading to a decline in investor sentiment and increased negative commentary on social media. • Open interest in XRP derivatives is rising, approaching levels seen during the October 10 liquidation event, which could signal potential volatility and liquidations if market conditions change. • Despite the pessimism among traders, XRP Ledger activity has surged, with nearly 50,000 active addresses in a single day, suggesting a potential for intense volatility ahead. https://cryptopotato.com/xrp-is-flashing-two-contradictory-signals-which-one-should-ripple-traders-trust/

Trump to Meet Ripple, Coinbase, SEC, and CFTC Leaders as CLARITY Act Hangs in Balance • President Trump will host a White House meeting on August 19 with major crypto industry leaders, including representatives from Ripple, Coinbase, and SEC Chair Paul Atkins. • The meeting aims to address the unfinished digital asset framework and the stalled CLARITY Act, which seeks to clarify the regulatory responsibilities of the SEC and CFTC regarding cryptocurrencies. • Despite the meeting's significance, experts believe the chances of passing the legislation this year are low, especially with midterm elections approaching and unresolved issues remaining. https://cryptopotato.com/trump-to-meet-ripple-coinbase-sec-and-cftc-leaders-as-clarity-act-hangs-in-balance/

Major Pi Network Update Introduced as PI Fights for Key Support • Pi Network has released Pi Node version 0.6.2, enhancing SoloHost, node connectivity, and user experience, with initial tests involving five volunteer operators. • The project aims to utilize its network of over 420,000 Pioneer-operated computers for AI and compute-intensive applications, with potential compensation in native tokens for node operators. • The PI token has fluctuated around $0.09 after a recent rebound, but faces challenges with a market cap below $1 billion and an upcoming token unlock that may increase selling pressure. https://cryptopotato.com/major-pi-network-update-introduced-as-pi-fights-for-key-support/

WLFI Pumps and Dumps as Trump-Backed World Liberty Gets Green Light for US Bank Charter • World Liberty Financial, backed by the Trump family, received conditional approval from the OCC to establish a national trust bank in the US, enhancing its operations for the USD1 stablecoin. • The approval led to a temporary price surge for World Liberty's token, which peaked at $0.06 before dropping back to $0.056, reflecting a modest overall increase. • The bank's approval is conditional, requiring compliance with OCC regulations, including maintaining $20 million in capital and passing pre-opening examinations. https://cryptopotato.com/wlfi-pumps-and-dumps-as-trump-backed-world-liberty-gets-green-light-for-us-bank-charter/

Chainlink (LINK) Is Breaking Out, Bitcoin (BTC) Sluggish at $63K: Weekend Watch • Bitcoin experienced a week-long correction, reaching a local low of $62,500 before stabilizing around $63,000, with market capitalization at $1.260 trillion. • Larger-cap altcoins showed minimal volatility, with LINK and WLFI gaining over 5%, while other major cryptocurrencies like UNI saw declines. • The total cryptocurrency market cap has fallen to under $2.230 trillion, with VELVET and ETHFI emerging as notable gainers in the altcoin space. https://cryptopotato.com/chainlink-link-is-breaking-out-bitcoin-btc-sluggish-at-63k-weekend-watch/

This TradFi Signal Preceded Explosive Ethereum Rallies: Is ETH Next? • The Russell 2000 index has reached a new all-time high, historically correlating with significant rallies in Ethereum (ETH) within 6-12 months. • Analysts suggest that the index's surge indicates improved risk appetite among investors, which often benefits altcoins like ETH during risk-on periods. • Despite recent struggles, ETH remains up over 20% from its local low, with analysts encouraging accumulation as previous market breakouts have led to substantial returns. https://cryptopotato.com/this-tradfi-signal-preceded-explosive-ethereum-rallies-is-eth-next/

Morgan Stanley’s XRP Exposure Emerges as Price Struggles Near $1 • XRP has dropped over 10% in the past week, leading to nearly 70% yearly losses, while struggling to maintain a price near $1. • Institutional interest remains strong, with firms like Morgan Stanley holding significant positions in XRP-linked exchange-traded funds, despite the overall negative market sentiment. • Market indicators show a bearish trend, with a low Taker Buy/Sell Ratio and elevated futures open interest, but potential for recovery exists if XRP can reclaim the $1.24 level. https://cryptopotato.com/morgan-stanleys-xrp-exposure-emerges-as-price-struggles-near-1/

Bitcoin’s Bottom Has a Date: And It’s Closer Than You Think • Analysts predict Bitcoin's next bottom could occur around October 5, 2026, based on historical market cycles. • The pattern observed shows bull markets lasting approximately 1,064 days followed by bear markets lasting about 364 days. • Despite the historical accuracy, current macroeconomic factors may influence Bitcoin's price movements, making specific predictions uncertain. https://cryptopotato.com/bitcoins-bottom-has-a-date-and-its-closer-than-you-think/

XRP Ledger’s XAO DAO Plans Major Governance Upgrades to Boost Community Participation • XAO DAO is set to implement governance changes on the XRP Ledger, including wallet delegation for voting, adjustments to quorum rules, and the introduction of community mini-grants to enhance participation. • The changes aim to address concerns about inactive participation and to empower the community to take actionable steps rather than just voting. • Despite an increase in daily active addresses, the overall number of new wallets remains flat, indicating that more engagement is needed for effective governance participation. https://cryptopotato.com/xrp-ledgers-xao-dao-plans-major-governance-upgrades-to-boost-community-participation/

It’s Not Just Baltimore: Kalshi and Polymarket Face More Legal Trouble • Baltimore has filed lawsuits against prediction market operators Kalshi and Polymarket, claiming they offer illegal sports betting and mislead consumers about the legality of their products. • The lawsuits allege that both companies lack the necessary licenses to operate sports betting in Maryland, allowing them to compete with regulated sportsbooks without adhering to oversight and consumer protections. • Kalshi and Polymarket are already facing multiple legal challenges, including a lawsuit from New York's Attorney General and a consumer protection lawsuit in Washington, D.C., related to deceptive advertising practices. https://cryptopotato.com/its-not-just-baltimore-kalshi-and-polymarket-face-more-legal-trouble/