Crypto World
72,000,000 XRP in 24 Hours: Do Ripple Whales Know Something We Don’t?
Ripple’s cross-border token once again dipped to the $1 psychological level, infusing a fresh dose of panic across its community.
Despite its major price downfall, whales continue to accumulate tokens, positioning themselves for the next potential uptrend.
More Purchases
Earlier this week, XRP dipped below $1 for the first time since 2024. The bulls recovered some of the losses shortly after and pushed it above that zone. The past 24 hours delivered another red wave, with the asset again fighting to hold that critical level and is actually down nearly 70% over the last year.
The move south seems to be of no concern to large investors, who even see the current conditions as the perfect moment to snap up more tokens. Analyst Ali Martinez revealed that whales acquired 72 million XRP (worth roughly $72 million as of press time) within the past day alone.
“I wonder what they know that we don’t… Are they preparing for a bull rally,” he asked.
It is a common theory that whales’ behavior differs significantly from that of retail investors. Big participants rarely jump on the bandwagon without doing proper research, and some speculate they might have inside information that the rest of the market lacks. As such, they can influence smaller players to follow suit, while the potential wave of fresh capital might benefit the asset’s price.
The whales’ accumulation over the past 24 hours isn’t an isolated case. Just a few days ago, Martinez disclosed that they have scooped up more than 380 million XRP in one week.
Another positive factor is the overall increase in the number of addresses holding at least 1 million coins, which, according to Santiment, has risen by 32 over the last three months.
The Bearish Perspective
In addition to outlining the whales’ activity, Martinez has recently issued a major price warning. In early August, he claimed that “everything comes down to $1.06 for XRP,” suggesting that holding the line could trigger a rally to as high as $1.64, whereas plunging under might result in a violent crash to $0.62. As mentioned above, the token’s valuation has plummeted below the depicted level, and we have yet to see whether a more substantial collapse will follow.
Meanwhile, CryptoQuant recently outlined that XRP’s selling pressure has intensified to its highest level since May on Binance after the Taker Buy/Sell ratio fell to 0.86.
“A reading below 1 indicates that the volume of sell orders executed by traders exceeds the volume of buy orders, reflecting clear selling pressure from traders executing trades directly,” the entity explained.
The post 72,000,000 XRP in 24 Hours: Do Ripple Whales Know Something We Don’t? appeared first on CryptoPotato.
Crypto World
Bitrue Launches AI Copilot That Explains the ‘Why’ for XRP and Crypto Trades
Bitrue has officially launched Bitrue AI, a new trading copilot designed to solve a major limitation in automated crypto trading by explaining not just what a strategy does, but why. Built for XRP traders and the broader crypto market, the platform delivers real-time market rationale alongside every trade signal to bring full clarity to automated strategies.
The debate around AI trading has focused for too long on whether a bot can execute faster than a human. Of course it can. The more important question is whether the human using it can still understand the decision being made on their behalf.
That distinction matters because most traders do not experience automated trading as a technical exercise. They experience it when the market moves against them. A strategy that looked straightforward at entry can quickly become hard to interpret: why is capital sitting idle, why is the bot not adjusting, and what exactly changed in the market? For XRP holders and crypto traders more broadly, that context can be as valuable as the execution itself.
As Bitrue launches Bitrue AI, its premise is clear: understanding a trade should matter as much as executing one. That is the philosophy behind its Explainable AI feature and it is a useful challenge to the “set it and forget it” model that has defined much of crypto automation so far.
Automation Made Trading Easier, But Not Always Clearer
Crypto trading bots earned their popularity by making automation accessible. Built-in grid bots, straightforward setup and no third-party software have lowered the barrier for users who want a systematic approach without building one from scratch. But accessibility and transparency are not the same thing.
Consider a conventional grid bot operating on XRP at around $1.08, with a preset range between $0.98 and $1.18. That range may place capital across a wide set of unfilled orders. The trader can see the parameters, but not necessarily the thinking behind them. If the market begins trending sharply in one direction, the strategy may require manual reassessment, a stop or a complete rebuild. The strategy is fixed; the market is not.
This is not an argument against grid trading. It is an argument for clearer decision support. A bot should not only place orders. It should help users understand what it is seeing and why a particular strategy still makes sense or no longer does.
Why Explainable AI Is the Relevant Next Step
Bitrue AI approaches this problem by continuously analysing market conditions, K-line data, technical indicators, volatility and trend signals before generating and refreshing strategies in real time. The aim is not simply to automate a range, but to keep the strategy connected to current market conditions.
A screenshot of Bitrue AI’s live strategy view.
More importantly, Bitrue AI is designed to provide an explanation with every recommendation. It tells the user what market conditions it detected, which signals informed the recommendation, what risk level is involved and why the grid parameters were selected. In a market where signals are abundant but context is often scarce, that is the part of AI trading worth paying attention to.
Getting a signal is easy. Understanding it is what matters.
The point is not to remove responsibility from the trader. No AI-generated explanation can make a volatile market risk-free or guarantee a profitable outcome. The point is to give the trader more information before they decide whether to act.
What Bitrue AI Offers at Launch
Bitrue AI launches with eight real-time AI strategies across three profiles: Aggressive, Growth and Stable. These strategies are refreshed every few minutes to respond to changing conditions. The platform is designed to identify entry points, set take-profit and stop-loss levels, and adjust strategy recommendations as conditions evolve.
The value of those categories is not that every trader should choose the same one. It is that a user can start from a stated trading profile while still seeing the market rationale behind the strategy. For beginners, this can make technical concepts more approachable. For busy professionals, it can provide a structured way to stay engaged without watching every price movement. For traders prone to FOMO, it can introduce a data-driven pause before an emotional decision.
The Difference Is Visible in the Workflow
Decision point
Typical fixed-grid workflow
Bitrue AI approach
Strategy generation
User defines a fixed range and parameters.
Generates a strategy from current market analysis.
Market response
May need manual adjustment or a restart.
Re-analyses conditions and refreshes strategies every few minutes.
Grid range adaptability
Wide fixed range, capital often wasted in unfilled orders
Recalculates upper and lower limits based on current price
Decision context
User interprets orders and price levels manually.
Shows market analysis, signals, strategy rationale and risk context.
Capital use
Capital may be committed across the selected grid range.
Bitrue says capital is committed to pending and filled orders as strategies evolve.
Strategy styles
Single fixed approach
Aggressive, Growth, and Stable, for different trading profiles
AI explainability
Shows order information only
Provides market analysis, trend judgment, strategy rationale and risk
Grid position display
User must judge based on current price manually
Clearly shows current running grid zone
Early Access
Limited
Free
Bitrue also presents the current grid position as a running zone such as the current and next target grid rather than leaving users to reconstruct it from separate buy and sell levels. This is a product-positioning comparison rather than a performance comparison. Any automated strategy remains exposed to market risk, fees, slippage and the limitations of the underlying model.
The Bigger Point: AI Should Make Traders Smarter
Retail traders today are not only competing with other retail traders. They are operating in a market shaped by algorithms, bots and institutions with speed and data access that individuals cannot replicate. The answer is not to pretend that automation can be avoided. It is to demand that automation is more intelligible.
For an asset like XRP, which has spent much of the past year in a sustained downtrend, that means a strategy that can recognise a changing trend matters more than one that simply holds its original parameters.
That is why the difference between a tool that merely executes and a tool that explains matters. The former can make trading easier. The latter can potentially make a trader more informed. When market conditions change, an explanation gives the user a better foundation for deciding whether to stay the course, reduce exposure or step back.
Bitrue AI will continue to add features, including broader asset coverage and deeper personalisation, after its Early Access rollout. But the more important contribution at launch is conceptual: AI trading should be judged not only by the speed of its execution, but also by the clarity of its reasoning.
Bitrue AI is currently available in Early Access and is free to try at bitrue.com/bitrue-ai. Users interested in applying any strategy to XRP or other assets should first confirm current asset availability, product terms and the relevant risks on the platform.
About Bitrue Bitrue is a global cryptocurrency exchange offering spot, futures, leveraged token, staking, and yield products to users across 100+ countries.
About Bitrue AI Bitrue AI is Bitrue’s beginner-friendly AI trading copilot, built to make AI trading as simple as possible through eight real-time AI strategies, continuous market adaptation, and Explainable AI that shows traders not just what to do, but why.
The post Bitrue Launches AI Copilot That Explains the ‘Why’ for XRP and Crypto Trades appeared first on BeInCrypto.
Crypto World
Binance Blacklists HTX and 10 Other Crypto Platforms: Are Your Funds at Risk?
Binance will stop processing transfers to and from HTX and 10 other crypto platforms on August 23. Anything sent after that date can be held for a compliance review.
Binance did not draw up that list. It matches, name for name, the crypto firms in the European Union’s latest sanctions package.
The List Came From Brussels, Not Binance
The EU adopted Council Regulation 2026/1848 on July 23. It bans transactions with 14 crypto and payment platforms. Eleven of them become illegal to deal with on August 23.
Binance picked the same date in its announcement. It also copied the names exactly, down to odd spellings like “NoOnecrypto INC.” and “Exnode Pay (Arvix).”
Two earlier names came from Washington instead. The US Treasury sanctioned Shelbit and Aban Tether on August 7 over links to Iranian networks.
So this is not a delisting. No tokens leave Binance, and spot trading carries on as normal. What changes is where users can legally send money.
Why HTX Is on the List
Britain froze the assets of Huobi Global S.A., the Panama company behind HTX, on May 26. The stated reason was providing financial services to A7 LLC and Garantex Europe OU.
A7 is a Russian payment network. The US Treasury says it belongs to sanctioned Moldovan politician Ilan Shor and Russian state bank Promsvyazbank. British officials say the network claims to have moved more than $90 billion last year.
The UK Treasury confirmed on May 29 that the freeze covers the HTX exchange itself. HTX rejected the UK sanctions and told users their funds were safe.
A separate case is closer to a verdict. The Financial Conduct Authority (FCA) sued HTX in London’s High Court over illegal crypto ads. The settlement window closes on August 25.
“HTX’s conduct stands in stark contrast to the majority of firms working to comply with the FCA’s regime.”
That line belongs to Steve Smart, the FCA’s joint executive director of enforcement and market oversight.
Who Faces the Biggest Risk
HTX says it has 59.49 million registered users. Its own half-year report counts just over 420,000 who traded spot. Binance handles roughly 10 times HTX’s daily spot volume.
Traders who move funds between the two lose that route. So does anyone using the smaller listed platforms as a cheap on-ramp.
Ordinary wallets get caught too. On-chain investigator ZachXBT argued the UK order tainted innocent addresses and made risk scores meaningless.
Binance is not the last stop. The EU ban binds every firm in the bloc from the same morning, and Bybit tightened its checks months ago. Users have nine days to clear anything still in flight.
The post Binance Blacklists HTX and 10 Other Crypto Platforms: Are Your Funds at Risk? appeared first on BeInCrypto.
Crypto World
Bank Leumi taps Galaxy (GLXY) to offer crypto trading in Israel
Bank Leumi, Israel’s largest bank, will offer cryptocurrency trading to customers from early 2027 becoming the first Israeli bank to announce such a service.
Customers of Leumi and its mobile banking unit, Pepper, will be able to buy, hold and sell bitcoin , ether and solana (SOL) through a section of the Leumi Trade app, according to a Friday announcement.
Galaxy Digital (GLXY) will provide trading and services through GalaxyOne Institutional, its platform for banks and asset managers. Leumi has also signed an agreement to use Galaxy’s custody infrastructure, formerly known as GK8, to support the offering.
The tie-up gives Galaxy a banking partner in Israel and places Leumi among a growing group of financial institutions bringing crypto access inside customer platforms. By embedding trading within its capital-markets app, the bank is betting that clients will favor a regulated banking interface over standalone crypto exchanges.
Maya Ravia, Leumi’s head of strategy, described digital assets as an increasingly integral part of the global financial system. Galaxy Israel CEO Lior Lamesh said early movers among banks would help define finance’s shift toward open, programmable infrastructure.
The companies did not disclose commercial terms, fees or customer eligibility requirements. CoinDesk has reached out to Bank Leumi for further comments.
Crypto World
RedotPay US IPO Faces Further Delays as Legal, Regulatory Issues Mount
RedotPay’s ambition to list in the United States appears to be running into a slowdown, according to a report from Bloomberg. The stablecoin payments company is said to have delayed plans for a US initial public offering (IPO) as it navigates regulatory steps and ongoing legal disputes tied to Binance.
While Bloomberg reported the postponement, a RedotPay representative told Cointelegraph that the company is not discussing IPO timing. Instead, the spokesperson pointed to RedotPay’s recent progress in the US, stating the firm obtained a money transmitter license this week and is preparing to launch its product in the country.
Key takeaways
-
Bloomberg reports RedotPay has delayed its planned US IPO while it seeks regulatory approvals and deals with legal pressure involving Binance.
-
RedotPay did not comment on IPO timing to Cointelegraph, but said it recently secured a US money transmitter license.
-
Legal claims at the center of the delay include a lawsuit reportedly seeking nearly $473 million filed by Binance affiliates.
-
RedotPay’s IPO plans were previously flagged earlier this year, including reports of discussions with major investment banks.
IPO plans pushed back amid US expansion
According to Bloomberg, RedotPay has put its US IPO timeline on hold as it works through regulatory requirements. The report cites people familiar with the matter and frames the delay as part of broader preparations to expand into the US market.
RedotPay’s position, as conveyed to Cointelegraph, shifts the emphasis toward product rollout rather than capital markets timing. The company representative said RedotPay obtained a money transmitter license in the United States this week and is preparing to launch its stablecoin payments offering there.
For investors and market watchers, the sequencing matters. Stablecoin-focused payment businesses typically depend on licenses and regulator-by-regulator permissions to operate at scale, which can complicate an IPO process when litigation and approvals are both active.
From early-year IPO chatter to banking discussions
RedotPay’s US public-market ambitions first surfaced in February, when reports suggested the company was considering a listing in New York. At the time, RedotPay was described as working toward a potential IPO that could draw significant capital, with prior reporting indicating involvement from major firms including JPMorgan Chase, Goldman Sachs, and Jefferies Financial Group.
Those earlier reports also pointed to a target valuation above $4 billion and discussions that could have raised more than $1 billion, alongside other organizational changes. In March, Cointelegraph reported that RedotPay was seeking to raise up to $150 million amid internal restructuring and preparations for a potential IPO.
While IPO timing can change quickly in fast-moving sectors, the more recent US licensing step suggests the company is concentrating on operational readiness. That could be consistent with a broader trend in crypto-adjacent businesses: demonstrating licensed activity and compliance footing before pursuing the added scrutiny that comes with public listing.
Binance litigation adds legal and operational uncertainty
A major factor in the IPO delay narrative is the legal dispute involving Binance affiliates. Earlier in August, Binance affiliates reportedly sued RedotPay’s founders in Hong Kong seeking nearly $473 million in damages. The allegations claim the founders used confidential information obtained through their prior involvement with Binance to build a competing payments business and to redirect Binance users toward RedotPay.
RedotPay has denied the accusations. In correspondence with Cointelegraph, the company said it would “vigorously defend all claims.” That stance is important for assessing how persistent the dispute may be: even if the company believes it will win, the existence of a large claim can affect how comfortable underwriters and regulators feel about moving forward with an IPO during the dispute’s active stage.
The conflict has also extended beyond Hong Kong. Cointelegraph previously reported that the disagreement spilled into Singapore, where Binance and RedotPay differ on the status of a related case. RedotPay told Cointelegraph this week that it expected Binance to discontinue that matter, while Binance rejected RedotPay’s characterization and said its claims remain active.
Taken together, the litigation timeline and regional spread underline why RedotPay might prefer to focus on licensing milestones and product execution while legal outcomes remain uncertain.
What to watch next
As RedotPay pushes toward a US launch after receiving a money transmitter license, the next developments that may shape both operations and any future IPO timetable are regulatory milestones tied to its expansion and the trajectory of the Binance affiliate lawsuits. For now, the company’s public-market plans appear to be on pause, with attention shifting to compliance and execution in the US.
Crypto World
Solana Fee Update Boosts Token Burn by Charging More for Usage
Solana is moving toward a significant shift in how it prices and allocates blockspace. A new Solana Improvement Document, SIMD-0553, would replace the network’s current approach—where transaction fees are not tightly linked to how many computing resources a transaction consumes—with a model that charges according to requested resources and burns the resulting fees in SOL.
The proposal entered Solana’s onchain governance process in early August and passed the initial support stage on August 4. It is now in the support-and-discussion phase, which typically runs for seven epochs (about two weeks). If it clears the process, it could reshape incentives for both developers and high-frequency users by making inefficient transaction behavior more expensive.
Key takeaways
- SIMD-0553 would tie fees more closely to requested compute, so transactions that use far more resources would pay more than lightweight ones.
- Instead of sending the resource fee to validators, the proposal directs it to a SOL burn, removing tokens from circulation.
- Core Solana devs and application teams would have stronger financial incentives to optimize performance and reduce resource waste.
- Some high-volume trading and bot activity is expected to face substantially higher costs under the terminal fee model.
- Higher burn projections could, in theory, move SOL toward deflation—but only if network activity grows enough to outweigh daily issuance.
Charging for compute, not just sending transactions
At the center of SIMD-0553 is a critique of Solana’s current fee structure: according to Cavey, a researcher at Solana infrastructure firm Temporal and author of the proposal, the cost users pay does not reflect the underlying compute differences between transactions. In his explanation, submitting a transaction that does minimal work can cost the same as one that consumes a large amount of CPU cycles.
Under the proposed model, resource fees would be set according to the resources a transaction requests rather than a flat baseline. Cavey argues this would give developers a clear reason to optimize, because wasteful behavior would no longer be subsidized by the network’s simpler fee mechanics.
“By installing this resource pricing right now, suddenly app developers have to optimize,” Cavey said, in the context of how poorly specified incentives can persist when inefficient and efficient transactions cost the same.
For end users, the change is intended to be beneficial indirectly: applications that reduce their compute consumption could pass on lower costs, improving user experience and potentially expanding what apps can afford to run.
Impact on arbitrage and high-frequency trading
A major focus of the proposal is computationally wasteful arbitrage. Cavey points to a pattern where searchers submit large volumes of transactions that largely fail—effectively consuming resources while capturing only limited successful outcomes—yet pay relatively low fees under current pricing.
He cites activity from the prior 30 days involving the traders with the highest failure rates: five accounts allegedly submitted 11.5 million transactions, consuming 929 million compute units across 2,477 trades that generated $16,091 in profit, while paying just 78 SOL in fees.
SIMD-0553 is designed to alter that equation. By increasing the cost of failed or inefficient attempts in proportion to requested resources, it would push arbitrage strategies toward more accurate and responsive behavior rather than brute-force submission.
Temporal’s modeling, as described alongside the proposal, suggests certain areas of onchain activity could become cheaper: stablecoin and token transfers could drop by about 20%, vote transactions by around 12.3%, and oracle updates by roughly 16.9% under the proposed fee model.
However, the same analysis implies a clear trade-off: some swaps—especially when routed through specific venues and prioritized differently—could become more expensive. Temporal estimates include a high-priority swap routed through DFlow costing 9.72% more, a mid-priority OKX swap costing 301% more, and a pump.fun swap with zero priority costing 3150% more. Cavey’s broader framing is that the base could remain low in absolute dollar terms for the most compute-intensive transactions, but the relative change for certain active strategies would be dramatic.
That is also why the proposal rejects a uniform increase to Solana’s existing 5,000-lamport fee, according to the article’s description: the uniform approach, Cavey argues, would likely penalize high-volume senders such as market makers while still failing to accurately price resource consumption.
Burn mechanics and the deflation debate
Beyond cost calculation, SIMD-0553 aims to change what happens to the fees. Rather than routing the resource fee to validators, the proposal would burn those fees—meaning SOL would be removed from circulation.
The article notes that the current daily burn is around 648 SOL, and that the terminal fee rate in SIMD-0553 could raise burn to roughly 7,500 to 9,000 SOL per day if resource demand stays roughly the same. That would represent an estimated 12 to 14 times increase in burn compared with current levels.
Cavey argues the effect could eventually make SOL deflationary, though he frames it as conditional on network success and continued growth in activity. As the article points out, Solana currently issues about 60,000 SOL per day, so even a 9,000 SOL daily burn would not, by itself, make the token deflationary. A separate improvement document, SIMD-0550, is described as targeting faster curbing of inflation already scheduled.
Importantly, the proposal’s burn incentive is also intended to reduce motivations to generate unnecessary resource-heavy transactions, aligning economic behavior with the network’s performance goals.
Still, not all contributors agree on the balance between validator revenue and token burn. One contributor, bji, reportedly argues against “more burn” as a goal and questions whether validator income should be reduced arbitrarily, reflecting a wider tension in fee-market design: funding network operations while maintaining supply dynamics.
Concerns about fairness, usability, and system complexity
Some of the debate around SIMD-0553 centers on a technical fairness question: should fees be based on how many resources a transaction requests or on how much it actually uses?
Contributor mschneider raises that it might feel more natural to charge based on units used. Cavey’s response, as presented in the article, is that charging based on requested resources provides upfront cost visibility for users and lets validators verify they can afford the fee before execution. At the same time, the model creates incentives for developers to estimate their resource needs accurately, reducing the risk of overpaying for unused compute.
The proposal would also introduce new operational and user-facing considerations. Some contributors worry that a new fee model could make Solana harder to use. Cavey argues that most users won’t need to calculate fees directly because exchanges and applications typically handle fee calculation and routing. He also suggests automated traders are sophisticated enough to adapt to fee-structure changes.
On validator economics, the article describes an estimated initial reduction to base-fee revenue of around 4%. Cavey says parameters could be adjusted to offset that impact if needed, but the disagreement remains unresolved for participants who prioritize validator income over additional burn.
As Solana moves deeper into the governance timeline, the key question for token holders and ecosystem participants is how those trade-offs resolve: whether the community converges on parameters that achieve stronger resource alignment without introducing unacceptable complexity or unintended pressure on critical market infrastructure.
Crypto World
Strategy responds to MSCI’s proposed index exclusion rules
Strategy has pushed back against MSCI’s proposed methodology for identifying “non-operating companies,” which could result in the largest bitcoin treasury company being removed from the index provider’s global equity indexes.
Strategy said on X, “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own,” Strategy said. “MSCI’s proposal puts it out of step with regulators, markets, and its own customers. Bitcoin doesn’t need MSCI. Neither does Strategy.”
The latest consultation replaces an earlier proposal focused specifically on companies with significant digital asset holdings. Applying the new financial-ratio screen using May 2026 data would have resulted in the removal of Strategy, Metaplanet and uranium holder Yellow Cake from the MSCI ACWI IMI.
The response follows Strategy’s formal objection in December 2025 to MSCI’s previous proposal, which would have excluded companies whose digital assets represented at least 50% of total assets.
Strategy argued at the time that it is an operating company, not an investment fund or passive bitcoin vehicle, pointing to its software business, active treasury operations and bitcoin-backed credit instruments. It described the 50% threshold as arbitrary and urged MSCI to maintain neutral index standards.
MSTR is lower by 4.3% on Friday as bitcoin dips to $62,600.
Crypto World
Uniswap price crashes 20% as breakdown targets $3
Uniswap price has fallen nearly 20% over the past seven days to $3.23 as a head-and-shoulders breakdown, weak capital flows, and cascading long liquidations intensified selling pressure.
Summary
- Uniswap price has dropped nearly 20% in seven days and traded around $3.23 on Aug. 14.
- The daily price has returned to the 38.2% Fibonacci retracement at $3.19.
- 4-hour Aroon and Chaikin Money Flow readings show sellers remain firmly in control.
- Liquidation clusters between $3.45 and $3.65 could limit any short-term recovery.
Uniswap price extends its breakdown toward $3.20
According to data from crypto.news, Uniswap (UNI) price fell as low as $3.17 on Aug. 14 before recovering slightly to $3.23. The token was down almost 7% on the daily candle and nearly 20% over seven days, extending a decline that began after its early-August peak near $4.59.
The daily chart shows UNI giving back most of the rally that started from the June 11 low of $2.32. Sellers pushed the token below the 78.6%, 61.8%, and 50% Fibonacci retracement levels at $4.10, $3.72, and $3.46, respectively.

UNI is now testing the 38.2% retracement at $3.19. The level carries added importance because it sits near the lower end of the token’s March-to-May trading range, where buyers previously stepped in around $3.10–$3.20.
A daily close below $3.19 would weaken that support and expose the 23.6% Fibonacci level at $2.86. Continued selling could then send the token toward the psychological $3.00 mark or the June swing low at $2.32.
The latest daily candle also shows little evidence that buyers are absorbing the decline. UNI opened near $3.48, briefly reached $3.53, and then fell to $3.17, leaving the token close to its session low.
Bear-bull power stood at -0.791, its weakest reading on the displayed daily chart. A deeply negative reading indicates that sellers are forcing the price farther below its short-term average rather than merely responding to a temporary pullback.
Daily Stochastic RSI readings of 0.00 and 0.54 place UNI deep in oversold territory. Such a reading can precede a relief rebound, but oversold conditions alone do not confirm that the decline has ended while price continues to record lower highs and lower lows.
Head-and-shoulders pattern confirms a bearish reversal
Crypto analyst Crypto With Gopal identified a head-and-shoulders pattern on UNI’s 4-hour chart in an Aug. 12 post on X. According to the analyst, the right shoulder failed around $4.20 before the token broke below the pattern’s neckline near $3.90.
The formation began with a left shoulder below $4.00, followed by a head near $4.60 and a lower right shoulder around $4.20. Price subsequently lost the rising neckline that had supported the July advance.
Crypto With Gopal placed the pattern’s downside target near $3.00. UNI has since fallen from approximately $3.53 at the time of the post to around $3.23, bringing the projected level within 7% of the current price.
The 4-hour chart supports the bearish pattern. UNI formed a sequence of lower highs after the Aug. 1 peak, initially losing $4.00 before falling through $3.80, $3.60, and $3.45. A brief attempt to stabilize around $3.50 failed on Aug. 14 and was followed by another sharp leg lower.

Aroon Down stood at 92.86% on the 4-hour timeframe, while Aroon Up registered 0%. The separation indicates that recent lows are forming much more frequently than recent highs, keeping the short-term trend pointed downward.
Chaikin Money Flow was also negative at -0.28. The reading shows that trading volume has been concentrated during periods when UNI closed near the lower end of its candles, a sign that capital continues to leave the market.
UNI liquidations could amplify volatility
CoinGlass’ three-day liquidation heatmap shows that UNI’s decline accelerated as the price moved through several areas containing leveraged positions. The token fell from above $3.80 on Aug. 11 to nearly $3.20 by Aug. 14, with sharp drops appearing around $3.60, $3.45, and $3.35.

The heatmap suggests that liquidity previously concentrated near $3.45 was cleared during the latest sell-off. UNI briefly moved below $3.20 before stabilizing around $3.23, where nearby liquidation bands appear smaller than the clusters left above the market.
Larger concentrations remain between approximately $3.45 and $3.55, followed by brighter bands around $3.60–$3.65. Because price can move toward areas containing heavily leveraged positions, a recovery into these zones could trigger short liquidations and produce a faster rebound.
However, the same clusters may also act as resistance. Traders who bought before the breakdown could use a return toward $3.45 or $3.60 to reduce exposure, adding spot supply as leveraged shorts face pressure.
Another large liquidity band sits near $3.68, while additional concentrations extend toward $3.80. UNI would need to reclaim the $3.45 Fibonacci midpoint and then hold above $3.72 to begin repairing the damage visible on the daily chart.
Below the current price, liquidation liquidity is thinner, although smaller bands appear between $3.10 and $3.20. A clean breakthrough through that area could allow the price to travel more quickly toward the $3.00 target identified in the head-and-shoulders setup.
Key UNI price levels traders are watching
The immediate support range lies between the daily low of $3.17 and the 38.2% Fibonacci level at $3.19. Holding this area could allow UNI to attempt an oversold bounce toward $3.40–$3.45, where the first notable liquidation cluster and former support are located.
A move above $3.45 would put $3.60–$3.65 in focus. Reclaiming that range would clear a dense group of liquidation levels, although the 61.8% retracement at $3.72 would remain the stronger technical barrier.
For the bullish case to gain credibility, UNI would need to close above $3.72 and recover the broken neckline near $3.90. The $4.10 Fibonacci level and the failed right shoulder around $4.20 would then become the next resistance points.
The bearish case remains active while UNI trades below $3.45. A daily close under $3.17 would open the path toward $3.00 and $2.86, while a loss of $2.86 would expose the June recovery base between $2.32 and $2.40.
For U.S. investors, UNI remains available through crypto trading platforms rather than U.S.-listed spot exchange-traded funds, leaving the token more dependent on direct spot demand and offshore derivatives liquidity. The chart therefore offers no ETF flow buffer comparable to Bitcoin or Ethereum when leveraged selling accelerates.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
Crypto Payments Have Minimal Use Among Euro Area Merchants
Crypto remains a niche option for payments across the euro area, according to a new survey by the European Central Bank (ECB) that tracks what businesses actually accept at the point of sale. Despite years of mainstream experimentation and the growth of digital payments more broadly, the ECB found that only a tiny share of merchants take crypto assets, including stablecoins.
In the ECB’s survey on companies’ cash use, just 0.2% of online merchants accepting goods and services online said they take crypto assets. Cash continues to dominate among businesses with physical sales locations, with 92% of companies accepting it, and mobile payment options continuing to expand quickly.
Key takeaways
- Crypto acceptance is extremely limited: the ECB reports 0.2% of euro area businesses accepting crypto for online purchases.
- Cash still leads at physical locations, accepted by 92% of businesses with point-of-sale outlets.
- Mobile payments are the main growth area for in-person transactions, rising to 68% acceptance in 2026 from 36% in 2024.
- Crypto and stablecoins show little traction at physical points of sale, staying below 1% in both 2024 and 2026.
- Merchants prioritize customer demand and security when choosing payment methods, with consumer preference cited as the top factor.
A euro area snapshot: cash holding firm while mobile rises
The ECB based the findings on interviews with 8,205 businesses across all 21 euro area countries. The sample includes retailers, restaurants and cafés, hotels, and arts, entertainment, and recreation venues. According to the ECB, Ipsos carried out telephone interviews from Feb. 23 to April 10.
While crypto remains close to the margins, other payment methods have moved meaningfully. At physical locations, mobile payments recorded the largest shift. The ECB’s figures show acceptance climbed to 68% in 2026 from 36% in 2024.
That rise is consistent with how customers increasingly transact in-store: the ECB notes that widely used mobile options include instant payments and digital wallets such as Apple Pay and Google Pay.
Where crypto sits: stablecoin and crypto acceptance stays under 1%
At physical points of sale, cash edged slightly higher—92% acceptance in 2026 compared with 90% in 2024. Physical card acceptance also increased modestly, moving to 88% from 87%.
By contrast, the ECB reported that crypto assets and stablecoins showed virtually no momentum. They remained below 1% acceptance at physical locations in both 2024 and 2026, suggesting that whatever progress the wider digital assets industry has seen has not translated into broad merchant adoption in euro area commerce.
The ECB also tracked other instruments. Acceptance of bank checks fell to 27% from 36%, underscoring that payments evolve unevenly across channels even as cash continues to retain the largest share of acceptance.
Why businesses choose payment methods—and why they don’t
The ECB survey highlights what drives merchants when deciding which payment options to support. Consumer preference was the most-cited factor, named by 26% of respondents. Security followed at 22%, while ease of handling came in at 15%.
The reasons for rejecting cash offer additional context for how businesses think about payment risk and practicality. Among companies that do not accept cash, weak customer demand was the most common explanation (36%), while the next-largest share pointed to difficulties related to depositing or withdrawing cash (35%). Security concerns were also mentioned by 29% of respondents.
While these responses relate specifically to cash, they help explain the broader merchant calculus: adoption tends to follow customer behavior and operational simplicity, with security and reliability shaping the risk assessment.
Country differences and the definition problem around “accepting crypto”
Merchant attitudes toward cash also vary widely across countries, and the same type of uneven adoption could be a challenge for crypto. The ECB reports that 51% of cash-accepting small and medium-sized enterprises in Cyprus said they may stop accepting cash, compared with 23% in Greece and 18% in Bulgaria.
For crypto, the ECB survey asked businesses whether they accept crypto assets or stablecoins. To anchor responses, it cited examples including Bitcoin, Ether, and Tether’s USDt (USDT).
However, there is a practical measurement issue. The ECB acknowledged indirectly that crypto payments can be structured so merchants receive settlement in traditional currency even when customers pay with crypto through certain services. The ECB’s survey, as described in the article coverage, does not clarify whether businesses should treat these arrangements as “accepting crypto.”
When Cointelegraph asked whether such conversions could affect reporting consistency and whether regulatory uncertainty could influence how firms answer, the ECB said it “prefer[s] not to speculate.” In response to a question about whether euro area merchants are permitted to accept crypto under European Union rules, the ECB stated it does not set payment regulation and pointed to the European Commission and national lawmakers.
That distinction matters for readers interpreting the data: low acceptance rates could reflect both limited demand and constraints tied to how payments are operationalized and classified—especially in a regulatory environment where businesses may still be cautious about compliance or reporting.
Digital euro work continues, but merchant reality stays unchanged
The ECB’s crypto findings arrive as the institution continues its work on a digital euro—a central bank digital currency intended to complement cash while preserving the euro’s role in payments. Earlier coverage from Cointelegraph noted the ECB is advancing accessibility for payment providers as part of that broader CBDC effort.
Yet the merchant data in this survey points to a more immediate reality: even as mobile payments accelerate and digital channels expand, crypto and stablecoins have not crossed the threshold into mainstream acceptance for most euro area businesses—at least as measured by the ECB’s survey.
For investors, traders, and builders, the key question now is whether euro area crypto adoption can move from isolated use cases to meaningful merchant integration. The ECB survey provides a useful baseline; the next watch should be whether mobile payment growth continues to crowd out alternatives like crypto, and whether future regulatory clarity—or new payment rails using tokenized settlement—changes how businesses decide what to accept.
Crypto World
BTCC Exchange Announces Platinum Sponsorship of TOKEN2049 Singapore and Launches “0-Barrier Trading” Flagship Theme
BTCC, the world’s longest-serving cryptocurrency exchange, announces its participation in TOKEN2049 Singapore 2026 as a Platinum Sponsor. Taking place October 7-8 at Marina Bay Sands, the world’s largest crypto event is expected to convene over 25,000 global industry leaders, investors, and enthusiasts.
As BTCC celebrates its 15th anniversary this year, the exchange’s high-profile presence at TOKEN2049 signals the next chapter in its brand evolution: 0-barrier trading.
Theme of the Next Chapter: 0-Barrier Trading
BTCC’s TOKEN2049 showcase centers on its commitment to making futures trading accessible, reliable, and cost-efficient. Driven by the core pillars of 0 Fees, 0 Friction, and 0 Panic, BTCC removes all barriers to trading, allowing cost-conscious traders to navigate global markets with confidence.
On-site, BTCC’s booth at TOKEN2049 will bring its yearlong 0-Fee Festival campaign to life through a large-scale receipt-style installation designed for social sharing. Alongside the merch counter, the booth features a rotating, backlit cylinder that highlights the exchange’s core zero-barrier commitments.
Attendees can stop by to participate in interactive activities, engage with the team, and collect official BTCC swag bags.
The BTCC Traders Club
A key highlight of BTCC’s presence at TOKEN2049 is the BTCC Traders Club. Styled around BTCC’s partnership with the Argentine Football Association (AFA), the exclusive private lounge features dark wood decor in a cozy, luxurious atmosphere where BTCC’s most meaningful TOKEN2049 conversations will take place. During the event, the lounge will receive VIP traders, key opinion leaders, community partners, and invited guests to connect and collaborate.
Global Giveaways & Live Coverage
For the global community participating virtually, BTCC will host live streams on X featuring prominent industry KOLs directly from the Marina Bay Sands exhibition floor.
Online participants can join special campaigns throughout the event, with rewards including USDT prize pool giveaways and exclusive limited-edition merchandise.
To stay updated on BTCC’s announcements and activities at TOKEN2049 Singapore, visit BTCC’s official X.
#BTCC15 #BTCCTOKEN2049
About BTCC
Founded in 2011, BTCC is a leading global cryptocurrency exchange serving over 12 million users across 100+ countries. As the official regional sponsor of the Argentine Football Association (AFA), BTCC offers secure and accessible cryptocurrency trading services, focused on delivering a user-friendly experience while adhering to applicable regulatory standards.
The post BTCC Exchange Announces Platinum Sponsorship of TOKEN2049 Singapore and Launches “0-Barrier Trading” Flagship Theme appeared first on BeInCrypto.
Crypto World
EUR/GBP Analysis: Triangle Breakout Attempt Following an Uptrend
On 13 August, the UK Office for National Statistics (ONS) reported that GDP growth slowed to 0.4% quarter-on-quarter in the second quarter, down from 0.6% in the first quarter. The figure was in line with expectations, and the market reaction was relatively muted.
The interest-rate backdrop has also remained broadly unchanged for several weeks. On 30 July, the Bank of England kept its policy rate at 3.75%, while the ECB left its rate at 2.25% on 23 July. With both decisions largely priced into the market, the absence of fresh guidance from either central bank means that short-term EUR/GBP price action may be driven more by technical factors than by the latest macroeconomic data.
Technical Analysis of EUR/GBP

The second half of July saw a strong upward move in EUR/GBP, with the pair climbing from below 0.8460 to a peak near the current resistance level at 0.8586.
The rally was followed by a consolidation phase. Since the beginning of August, price action has gradually narrowed into a pattern resembling a symmetrical triangle, with the trading range becoming progressively tighter.
On Monday, 10 August, the pair broke below the lower boundary of the formation. EUR/GBP is currently trading beneath both the triangle’s lower trendline and the lower boundary of the current market profile at 0.8553, while testing the latter from below. If this retest is successful and the downside move gains momentum, the green support level around 0.8533 could become increasingly important.
A false breakout, however, would shift attention back towards the upside. In that scenario, the pair would face several technical barriers: the Point of Control (POC) at 0.8564, the upper boundary of the profile at 0.8580, and the key resistance level at 0.8586.
The RSI + MAs indicator currently shows readings of 48, 40 and 43. The bearish signal has failed to develop further, while the RSI has moved back into the neutral zone, suggesting that momentum remains inconclusive.
Key Takeaways
The attempted downside breakout has pushed EUR/GBP outside the profile in which the recent consolidation developed. The next directional move may depend on whether the pound receives additional support from the Bank of England as the central bank determines its subsequent policy course.
For now, the technical setup remains vulnerable to a false breakout, with the 0.8553 retest likely to be particularly important in determining whether sellers can maintain control or the pair returns to the consolidation range.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
-
Fashion7 days agoWeekend Open Thread: Mattifying Sunscreen
-
News Videos6 days agoCan Astrology Help Find Gold and Silver Trends? A Financial Astrology Guide
-
Tech7 days agoRinn Pharma & Biopharma to join NordicPharmaTrain network
-
Business5 days agoDatadog: Best Of Breed For Multiple Reasons
-
Business5 days agoHow to Start a Cleaning Business: A Step-by-Step Guide
-
Business6 days agoBDC Weekly Review: Private BDC Q2 Numbers Are Strong
-
NewsBeat3 days agoCommunication cards help banking customers access services or report scams
-
Business4 days agoOil Price Today (August 11): Crude oil rises to $88 after Trump’s compensation demand dents Hormuz opening. Here’s why
-
Fashion7 days agoWeekly News Update, 8.6.26 – Corporette.com
-
Fashion5 days agoAmazon Sundays: Closet Care Before Fall
-
Business6 days agoSharkNinja Keeps Eating
-
Entertainment6 days ago10 R-Rated Drama Movies That Can Be Called Masterpieces
-
Politics6 days agoBe quiet, Miriam! – spiked
-
Business6 days agoMutual Fund Manager Scoops Up Beaten-Down Stocks
-
Politics5 days agoBen-Gvir’s crocodile project halted but abuses at Ketziot Prison continue
-
Business5 days ago5 Things You Must Know About Jorge Messi, the Father and Longtime Agent Who Shaped Lionel Messi’s Career
-
Entertainment7 days agoWarren Hudson’s Dad Releases Audio Of Threats
-
Politics7 days agoWelsh independence campaign group YesCymru sets 2032 referendum target
-
Politics5 days agoThe Church of England’s ruinous reparations racket
-
Crypto World4 days agoWhy Did Nvidia Stock Fall on Monday Despite a $500 Billion Wall Street AI Deal?

You must be logged in to post a comment Login