Crypto World
Bitmine Adds 7,430 ETH, Boosting Treasury to 5.78M ETH
Bitmine, a company focused on managing Ether (ETH) treasury exposure and institutional staking, said Monday that its ETH holdings have reached 5.78 million tokens—about 4.8% of Ethereum’s circulating supply. The company is moving toward its stated objective of accumulating 5% of all ETH.
In its update, Bitmine said it added 7,430 ETH over the previous week. It also reported that roughly 4.9 million ETH—about 85% of its treasury—is currently staked through its validator infrastructure and partners.
Key takeaways
- Bitmine reports 5.78 million ETH in treasury, representing about 4.8% of Ethereum’s circulating supply.
- The company added 7,430 ETH in the past week and is approaching its goal of owning 5% of total ETH.
- About 85% of Bitmine’s ETH holdings are staked, with validators run via its network and partners.
- Bitmine valued its overall crypto and financial assets at $11.5 billion and reported $45.7 million in staking/validation revenue from MAVAN earlier this month.
- Shares rose after the update, while broader market attention also points to Ethereum’s relative performance versus Bitcoin.
Bitmine’s Ether accumulation and staking strategy
Bitmine’s latest disclosure frames its ETH buildup as a long-running corporate treasury strategy tied to staking yield. The company said it ended the week with 5.78 million ETH, an amount equal to approximately 4.8% of Ethereum’s circulating supply.
Crucially for investors assessing how capital is being deployed, Bitmine indicated that staking is already a major component of its operations. About 4.9 million ETH—roughly 85% of the treasury—is staked through its validator network and ecosystem partners. Staking exposure can influence liquidity and risk management, since tokens used for validation are typically subject to protocol and operational constraints compared with fully liquid holdings.
The update also signals how quickly Bitmine is moving toward its own target. With 7,430 ETH added over the past week, the company continues to close the gap to a 5% ownership goal, though the remaining distance depends on how “circulating supply” is defined and how it changes over time.
Balance sheet figures and share buyback activity
Bitmine said it valued its crypto holdings, cash, and marketable securities at $11.5 billion. The company’s reported portfolio includes 207 Bitcoin (BTC), and it listed $385 million in cash and securities.
Alongside its treasury accumulation, Bitmine continued capital returns to shareholders. It repurchased 5.5 million shares during the week under a previously authorized $4 billion buyback program. Such repurchases can affect per-share metrics and may signal management’s view on valuation, but the impact depends on how the market values the business relative to its disclosed asset base and operating revenue.
In trading following Monday’s announcement, Bitmine shares were up more than 6% in afternoon activity, lifting the stock’s one-month performance to around 3.3%.
MAVAN revenue underscores the staking-business angle
Bitmine’s ETH treasury story also intersects with its institutional staking platform, MAVAN. Earlier this month, the company said MAVAN generated $45.7 million in staking and validation revenue during the three-month period ended May 31, according to Bitmine’s prior announcement referenced by Cointelegraph.
That revenue accounted for 98% of Bitmine’s total revenue during the period, underscoring that staking and validation are not simply a treasury feature, but a core driver of the business.
For readers tracking how corporate crypto firms convert holdings into operating income, the MAVAN update provides a benchmark for how much of the company’s performance is tied to staking activities rather than only asset appreciation.
Ethereum outperformance, corporate capital rotation, and the institutional ETH debate
Bitmine’s update landed in a broader market backdrop where Ethereum has been attracting relative momentum. According to CoinGecko data cited at the time of writing, ETH gained about 6.7% over the past seven days and 10% over the past month, compared with roughly 5.8% and 2.6% for Bitcoin over the same windows.
The report also referenced corporate capital developments in Bitcoin markets. Cointelegraph noted that Strategy, described as the largest corporate holder of Bitcoin, paused purchases for a second straight week and instead raised capital through stock sales while increasing its cash reserve to more than $3.2 billion. While that is a separate story from Bitmine’s Ether holdings, it highlights how corporate treasury managers are balancing buying activity with liquidity and capital-market access.
On the Ethereum ecosystem side, attention has also been drawn to efforts aimed at expanding institutional use cases—particularly through scaling and tokenization narratives. Earlier this month, Robinhood launched Robinhood Chain, an Ethereum layer-2 network built on Arbitrum for tokenized stocks. In the first two weeks, the chain reportedly attracted more than $141 million in bridged Ether, reigniting discussion about whether institutional adoption of Ethereum’s scaling networks ultimately increases demand for ETH.
As Cointelegraph reported, Max Shannon, a senior research analyst at Bitwise, characterized Robinhood Chain as reflecting “growth of the Ethereum ecosystem,” especially among traditional finance participants. Other analysts highlighted a more nuanced investment debate. ARK Invest’s Lorenzo Valente argued that Robinhood Chain can support a bullish view of ETH as the ecosystem’s monetary asset, while also weakening the thesis that Ethereum’s value proposition primarily comes from layer-2 fee revenue.
Separately, Bernstein analysts raised their price target for Robinhood to $160 from $130 per share, citing a growth outlook driven by tokenized equities and prediction markets rather than traditional crypto trading. In their framing, Robinhood Chain is part of the brokerage’s infrastructure for tokenized real-world assets, enabling on-chain product development without relying on third-party blockchains.
ETH’s price performance was also noted in the cited coverage: ETH climbed about 20% from roughly $1,582 on July 1 (around the time of the chain’s launch) to about $1,900 at the time of writing. While price movements do not prove causality, they reflect how quickly market attention can shift toward narratives involving tokenization and institutional infrastructure.
What to watch next for Bitmine and Ethereum
For Bitmine, the immediate variables are how steady ETH accumulation remains and how much of its treasury continues to be deployed via staking operations. For Ethereum more broadly, the market will likely continue watching whether tokenized-stock and institutional scaling experiments translate into sustained ETH demand—an outcome that still depends on evolving usage patterns across layer-2 networks.
Robinhood Chain surpassed Base on daily active users on July 21, three weeks after the trading platform launched its mainnet, according to Artemis data. The network registered 323,969 daily active users against Base's 274,520, and set a record $588.9 million in total value locked the same day. The… Read the full story at The Defiant
Polymarket has announced a French court challenge five days after regulators ordered internet providers to block the platform over gambling-loss and market-manipulation concerns.
Summary
- Polymarket will challenge France’s decision to block its website through the country’s courts.
- French regulators cited gambling losses, contract manipulation and suspected use of insider information.
- U.S. authorities are separately examining sports contracts, customer protection and prediction-market integrity.
Reuters reported on July 22 that the crypto-based prediction market intends to contest the National Gambling Authority’s decision through France’s legal system.
“We are disappointed by the French gaming authority’s (ANJ’s) sudden decision to unilaterally block our website — we intend to challenge this decision through the legal process in France,” Polymarket stated.
ANJ President Isabelle Falque-Pierrotin issued the order on July 16, directing French internet service providers to restrict access to Polymarket. According to ANJ’s statement cited by Reuters, the website attracted a large French audience while offering gambling and betting services that the regulator considers illegal under national law.
A spokesperson for ANJ told Reuters that the block would remain until the regulator considers Polymarket compliant with France’s gambling rules. Polymarket’s planned case will now test whether the authority can continue restricting the website under its current classification of the platform.
Unlike conventional sportsbooks, Polymarket lets users trade contracts tied to outcomes in politics, economics, sports, weather and armed conflicts. Traders buy positions representing possible results, with contract prices changing as market expectations move.
French regulator focuses on losses and manipulation
ANJ linked its intervention to the amount users could lose and the design of certain contracts available through Polymarket. The regulator warned that some of those markets could be manipulated and expose customers to substantial gambling losses.
Weather contracts received particular attention in ANJ’s statement. The regulator reported that users had wagered on weather outcomes and raised suspicions that some participants might have traded with inside information.
Polymarket did not provide details about its legal arguments or state when it would file the challenge. Its statement only confirmed that it would use the French legal process to oppose the restriction.
While ANJ targeted Polymarket in its July order, French authorities did not announce an equivalent block against rival platform Kalshi in the same statement. Spain took a different approach in May when its government temporarily prohibited both companies from operating, crypto.news reported.
The French action has arrived as prediction platforms handle increasingly large sums. A person familiar with Polymarket’s finances told Reuters in June that the company’s annualized revenue had exceeded $1 billion.
Trading across the sector has also climbed around major sporting events. Dune Analytics data cited by Reuters showed that users wagered about $19.04 billion through Polymarket and Kalshi during the recently completed soccer World Cup.
Those figures have increased the stakes in disputes over whether event contracts should be treated as financial instruments, gambling products or a separate class requiring its own rules. French authorities have applied gambling law to Polymarket, while regulatory arguments in the United States remain divided between federal derivatives oversight and state betting laws.
U.S. scrutiny targets sports markets and informed trading
Across the Atlantic, the U.S. House Agriculture Committee has examined customer protection and market integrity in sports prediction markets. Its Commodity Markets, Digital Assets, and Rural Development Subcommittee heard from legal specialists and representatives of the American Gaming Association and Indian Gaming Association.
Both gaming groups have pressed Congress to stop platforms such as Kalshi and Polymarket from offering sports event contracts. According to the associations, those products function like ordinary sports bets but can bypass state gambling controls, tribal gaming rights and established responsible-betting requirements.
Prediction-market supporters have argued that the Commodity Futures Trading Commission already has authority over event contracts. The CFTC supported federal jurisdiction in disputes involving state regulators and released draft rules for the prediction-market industry in June.
State courts have not consistently accepted that federal authority prevents local enforcement. On July 21, a Washington judge granted the state a preliminary injunction against Kalshi, finding that its contracts likely violated state gambling laws. Massachusetts, Michigan, Nevada and New York had also secured orders restricting the company’s activities.
Alongside disputes over sports products, possible informed trading has brought another source of scrutiny. Polymarket has referred nearly 100 suspicious crypto wallets to law enforcement while increasing its monitoring of possible insider activity, according to information provided in the additional reporting.
A Bloomberg analysis of Polysights data identified about $200 million in Polymarket trades from the first half of 2026 that carried traits associated with potential insider activity. Much of the flagged volume involved geopolitical contracts connected to Iran and Venezuela.
The findings did not establish that every identified trade involved unlawful conduct. They instead quantified the activity selected for closer examination as regulators assess whether prediction platforms can protect customers and prevent traders from exploiting nonpublic information.
Polymarket’s French challenge now places those concerns before a national court. Whatever the outcome, the case will determine whether ANJ’s website block stands while regulators in Europe and the United States pursue separate approaches to event-contract oversight.
Crypto World
Plans for a UK Digital Gilt Instrument, or DIGIT, hinge on one missing piece: onchain cash
“I don’t have any real political insights, but I expect that there is sufficient momentum behind this,” said Paul via WhatsApp. “And I believe that since this is now in the remit of the HM Treasury, Bank of England and the Financial Conduct Authority, it doesn’t require much political intervention to proceed. If anything, I think this might support increased demand for U.K. debt at a convenient time for the U.K. government.”
Changing capital flows
Paul said moving sovereign debt onchain changes how capital flows through the financial system, making it more than a back-office adjustment. Natively digital bonds allow market participants to settle trades instantly and move collateral between venues without the delays of traditional market infrastructure.
This programmability alters the dynamics of intraday repo markets, a change that market participants believe could free up tens of billions of dollars in idle liquidity. Currently, the U.K. gilt market sees aggregate daily trading volumes exceeding 45 billion pounds.
However, one key obstacle remains: the lack of a standardized onchain payment method.
“Santander issued a tokenized corporate GBP-denominated bond way back in 2019, so we have been demonstrating that bonds can be tokenized for nearly seven years,” said Jannah Patchay, founder of Markets Evolution. “The challenge then, as now, was how to settle that bond on-chain using a counterparty risk-free settlement asset, and we do not yet have a compelling solution.”
AI chip stocks have cooled fast. The SOXX fund, which tracks the semiconductor index, sits about 15.7% below its June high, and after a long run of dip-buying, retail traders have started selling.
That flip is the rare signal Scott Rubner, Head of Equity Derivatives Strategy at Citadel Securities, just flagged. One that has marked past selloff lows, or rather, local bottoms.
What Rubner Flagged
In a July investor note, Rubner said retail clients turned net sellers of chips on two down days, July 2 and July 7, as the Philadelphia Semiconductor Index (SOX), the benchmark for major chip makers, fell about 5%. Selling into a falling SOX is rare.
Note: We chart SOXX, the exchange-traded fund that tracks the SOX index, because the index itself cannot be traded.
Moreover, he counted only about eight such episodes over the past year. Nearly all arrived late in a selloff, just before chips bounced. That’s the AI chip bottom thesis this piece chases.
Citadel sees this through payment for order flow, the arrangement that lets it handle retail trades and read their positioning. That data is not easily accessible.
Why We Rebuilt the AI Chip Signal
Because that order flow is private, we rebuilt the signal from public data. Our proprietary Retail Capitulation Radar (RCR) tracks two leveraged chip funds, SOXL and SOXS, which aim to move two or three times the semiconductor index each day.
Retail traders dominate them. The RCR is our own bottom signal detector.
When retail dumps the bullish fund or crowds into the bearish one as chips drop, the behavior shows up in that trading. On the test, the strict signal fired twice, both in early March 2026.
The chart shows why that matters. SOXX has dropped about 16% from its June high, yet it still trades roughly 80% above that March base, where the signal last fired.
Here is the honest part. Citadel counted eight episodes, yet the public proxy (our metric) confirmed only two, and it did not reproduce the exact July signal on the chart. That gap cuts both ways. Either our proxy runs too tightly, or public data missed what Citadel’s private order book saw.
Another Historical Pattern Shows Similarity
Still, both datasets point the same way. In Rubner’s retail-selling episodes since February, chips rose over the next five to ten days every time, with a median gain near 18% over ten days, and the March case rose about 29%.
The proprietary radar above is deliberately strict, which is why it fired only twice. So we also ran a second, loser test that flags any two-day drop with broad chip weakness. That wider net catches more cases, ten in all, and it broadly agrees, with a median gain near 7% over the next ten days.
However, this test is noisier. One late-February episode kept sliding for three weeks before recovering, so the rebound is a direction, not an immediate rule.
What the AI Chip Signal Says Now
Timing matters here. Citadel flagged the move in early July, and chips have rallied since, so the setup is aging rather than fresh.
For now, the radar reads idle. It fires only when heavy retail selling meets a falling market. Today the selling pressure is elevated but still short of that mark, and the latest session jumped 5.45% (from the Tradingview chart), an up day the tool ignores.
Yet the pressure on the AI chip stocks has not cleared. Nvidia and AMD absorbed the selling best, holding buying support while their prices slipped, unlike most peers, so they would likely lead any turn back up.
The next trigger is close. Intel reports earnings on July 23, and options traders are leaning bearish into it. Puts outnumber calls on both volume and open positions, and the market braces for a 5.2% swing around the report.
So the story is not over. A weak Intel print could send AI chip stocks lower again. That would re-arm the bottom signal that sits idle today. That is why the options crowd is paying for protection rather than trusting the bounce.
The post $67 Billion Hedge Fund Flags a Rare AI Chip Signal for Stock Markets appeared first on BeInCrypto.
Anthropic will provide Claude AI models to companies participating in the UK Financial Conduct Authority’s next Supercharged Sandbox cohort, as the regulator pushes to test AI applications in financial services.
ADA is trading at $0.1715, down about 3% after rallying by 7% the previous day, just before the Midnight bridge hack. The timing could hardly be worse. The exploit has handed Cardano bears a fresh price prediction, leaving us wondering how much further sentiment can weaken before buyers return.
BlockSec’s Phalcon monitoring flagged an exploit on the Wanchain Cardano-to-BNB Chain bridge that drained about 515 million NIGHT tokens, worth $9 million. Investigators linked the attack to a signed message encoding flaw in the TreasuryCheck validator that enabled signature reuse. As a result, unauthorized withdrawals emptied most of the bridge treasury.
NIGHT plunged more than 30%, briefly hitting a record low near $0.015 before stabilizing. The stolen tokens represented the bridge’s reserves rather than user wallets, and Midnight said its core blockchain and validators remained unaffected. Still, that distinction did little to calm traders as selling pressure spread across exchanges.
Bridge exploits rarely stay confined to one token. With Midnight viewed as an important project within the Cardano ecosystem, confidence quickly spilled into ADA. Yesterday’s rally vanished as traders rushed to reduce risk, leaving ADA under pressure even though the exploit targeted third-party bridge infrastructure instead of Cardano itself.
Discover: The Best Token Presales
Cardano Price Prediction: Can ADA Reclaim $0.20 This Week?
ADA is trading near $0.1715, keeping it in the lower half of its recent range. Support remains around $0.16, while the $0.18 to $0.20 zone continues to reject rallies. The seven-day recovery has faded after the Midnight Bridge hack, leaving momentum fragile instead of convincing.
The technical structure still points to consolidation rather than a confirmed reversal. Many traders continue watching the $0.18 to $0.20 area as the key decision zone. A strong close above that range could open the door to $0.25, while another rejection may send ADA back toward $0.16.
The best case depends on improving market sentiment and a credible recovery plan from the Midnight team. If confidence returns and ADA reclaims $0.20 with strong volume, buyers could target $0.25. That would also help restore confidence across the Cardano ecosystem.
The base case remains a period of sideways trading between $0.16 and $0.20 as traders assess the exploit’s impact. However, if sentiment worsens and ADA loses $0.16, sellers could quickly push the price toward $0.15 or lower.
Bridge exploits remain one of crypto’s biggest security risks, and this incident is another reminder. As Cardano expands its sidechain ecosystem, security will remain a top priority. Until confidence fully returns, ADA rallies may continue running into selling pressure.
Trade Cardano and Midnight on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
LiquidChain Targets Early Infrastructure Upside as Cardano Tests Key Levels
The Midnight exploit cuts to a structural problem that predates Cardano: fragmented liquidity across chains creates both security attack surfaces and execution inefficiency. Traders rotating out of ADA exposure, or simply reassessing ecosystem risk, are scanning for infrastructure plays where the thesis doesn’t hinge on a single bridge’s validator code holding up.
LiquidChain is a Layer 3 infrastructure project built around a Unified Liquidity Layer that fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture is designed around Deploy-Once access, so developers write once and reach all three ecosystems.
The next generation of infrastructure won't stand alone.
It'll connect everything around it.⟁https://t.co/vqvBcdSQYC pic.twitter.com/mWc9fGndPd
— LiquidChain (@getliquidchain) July 21, 2026
Liquid is also equipped with Verifiable Settlement and Single-Step Execution as core primitives. As of today, the presale has raised $915K at a current price of $0.01482 per $LIQUID.
The cross-chain problem LiquidChain is targeting is demonstrably unsolved, as today’s exploit underlines. Research LiquidChain here before the raise closes.
Discover: The Best Crypto to Diversify Your Portfolio
The post Cardano Price Prediction: Midnight Hacked, Cardano Rally Canceled appeared first on Cryptonews.
The U.S. Securities and Exchange Commission (SEC) has signaled that one of decentralized finance’s fast-growing sectors could face greater regulatory scrutiny.
In a statement Wednesday, Commissioner Hester Peirce said crypto vaults and onchain lending strategies may fall under federal securities laws depending on how they are structured and managed.
While many crypto activities lie outside the SEC’s jurisdiction, she cautioned that moving them onto blockchain rails does not automatically change their legal status.
“Tokenized securities are still securities,” Peirce said, echoing her earlier remarks. “That principle holds for vaults.”
“If you do headstands, backflips and other gymnastics to read the law so that it does not apply to crypto assets and activities that are well within the scope of the federal securities laws, you will have a painful fall,” she added.
Her comments rippled across the crypto market. , one of the largest providers of vault infrastructure, fell roughly 5% following the statement, underperforming the broader crypto market.
Vaults have become one of DeFi’s fastest-growing products by allowing users to deposit crypto into smart contracts that automatically allocate capital across lending markets and other yield-generating strategies. Users receive returns while the vault’s rules, or in some cases professional managers known as vault curators, determine where funds are deployed.
AMD stock jumped roughly 12% on Wednesday after Anthropic agreed to deploy up to 2 gigawatts of AMD’s Instinct MI450 GPUs. AMD will also invest up to $5 billion in the Claude maker.
Anthropic is AMD’s third gigawatt-scale AI customer in nine months, after OpenAI and Meta. However, this deal is much cheaper for AMD. That is why Wall Street cheered.
Inside the AMD Anthropic Deal
AMD confirmed the deal in a Wednesday announcement. Anthropic will run AMD’s Helios rack systems. These combine Instinct MI455X GPUs, EPYC “Venice” CPUs, Pensando networking, and ROCm software. The first gigawatt arrives in the first half of 2027.
Anthropic already uses AMD’s older MI355X chips, so the partnership is not new. The two firms will also team up on software. Claude will tune workloads for AMD chips and speed up ROCm. That matters because ROCm still trails Nvidia’s CUDA, the software that keeps most AI labs loyal to Nvidia.
The $5 billion pledge is AMD’s first direct stake in Anthropic. It gets paid out as deployment targets are met. The Wall Street Journal reported the servers are worth tens of billions of dollars.
That fits record AI chip demand this year. AMD chair and CEO Lisa Su said the two engineering teams had worked together for some time.
AMD Stock Rally Tightens the Race With Nvidia
In two days, AMD gained about $85 billion in market value. Its market cap now tops $908 billion. Nvidia also gained about 6%, even after it briefly lost its crown as the world’s most valuable company this month.
Why does the structure matter? AMD gave OpenAI and Meta warrants for up to 160 million shares each. Combined, that is about a fifth of the company. Anthropic got no warrants, just a capped cash stake. Jefferies analyst Blayne Curtis, who has a $615 target on AMD, said the terms would matter more than the win itself.
Anthropic, meanwhile, buys compute from almost everyone. In April, it pledged over $100 billion in AWS spending over 10 years for up to 5 gigawatts of Amazon’s Trainium chips. It also trains on Google’s tensor processing units (TPUs) and Nvidia GPUs. That spending supports the wider semiconductor stocks bull case.
“Access to compute is central to keeping Claude at the frontier and meeting demand from our customers. … Running across a diversified range of hardware lets us map the right workloads to the right hardware,” Tom Brown, Anthropic co-founder and chief compute officer, said in the official statement.
Follow us on X to get the latest news as it happens
AMD says Helios shipments remain on track for late 2026. The next test is simple. Can AMD keep winning big AI labs without giving away equity? The answer may decide whether this rally lasts, especially as US chip stocks wobble on China fears.
The post AMD Stock Jumps 10% on Anthropic Deal: Can Nvidia’s Lead Hold? appeared first on BeInCrypto.
“Today’s draft is a meaningful step toward the Senate vote on the Clarity Act we’ve been calling for,” said Digital Chamber CEO Cody Carbone in a statement. “We’re encouraged, and we’re ready to keep working until the bill reaches the president’s desk.”
One thing that may land as a significant relief for the decentralized finance (DeFi) corner of the industry is that the section known as the Blockchain Regulatory Certainty Act remains intact, meaning developers that don’t control users’ assets won’t be treated under the regulatory regime as “money transmitters,” with all the compliance burdens that would come with that. The draft also includes new language on federal preemption, provisional registration procedures and commodity pool operators — all still being furiously studied by the experts.
Miller Whitehouse-Levine, the CEO of Solana Policy Institute, outlined a few points in the bill, including that it would provide a “clear regulatory treatment for tokens and token fundraising, establish regulation for exchanges, give financial institutions the green light to use public blockchains, direct the federal agencies to create a regulatory pathway for tokenized securities and futures markets onchain and, most critically, establish robust consumer and developer protections.”
Last week, several Senate Democrats gathered for a press conference explaining their opposition to the Clarity Act, and warning of the crypto sector’s rapidly growing influence in Washington.
- XRP holds above the $1.13 breakout level.
- Whale selling drops as large holders increase accumulation.
- XRPL daily payments surpass 500,000 transactions.
XRP recently moved above the $1.13 level, a price zone that many traders had been watching as a major resistance area.
Holding above this level has shifted attention toward higher resistance levels, with market analyst Dark Defender identifying $1.22, or approximately $1.2269, as the next upside target using Elliott Wave analysis and Fibonacci extension levels.
XRP a clear break and expected to complete the 5 Wave structure we set on 30 Jun. I will add it as a second post for you to check!
$1.13 is the KEY. $1.22 is in sight. (NFA)
Enjoy your day!#XRPArmy #ripple pic.twitter.com/gPCyQQgfzO
— Dark Defender (@DefendDark) July 21, 2026
Dark Defender’s analysis suggests that maintaining support above the breakout zone remains critical for the bullish structure to stay intact.
A sustained move above the current range would strengthen the technical setup, while a drop back below the breakout level could trigger another test of lower support.
Golden cross and breakout strengthen XRP’s technical picture
Another development attracting attention is the appearance of a golden cross, a chart pattern that occurs when a shorter-term moving average crosses above a longer-term moving average.
This signal has historically been associated with improving medium-term momentum.
Although a golden cross does not guarantee higher prices, it is widely regarded as one of the stronger confirmation signals when it appears alongside a confirmed breakout.
The combination of a resistance breakout and a golden cross has created a stronger technical backdrop than either signal would have provided independently.
Focus is now on whether XRP can build enough momentum to challenge the next resistance area identified by Dark Defender.
Whale accumulation replaces heavy selling pressure
On-chain data has also shown a noticeable change in the behaviour of large XRP holders.
Recent blockchain metrics indicate that whale selling pressure has dropped to its lowest level recorded since 2025.
Earlier in the year, hundreds of millions of XRP were regularly transferred by large holders to exchanges, increasing potential selling pressure.
Those exchange inflows have since declined sharply, suggesting that major holders are becoming less active sellers.
At the same time, blockchain data points to accelerating whale accumulation, indicating that some large investors are increasing their XRP positions instead of reducing them.
Normally, buying activity from large wallets reduces immediate selling pressure on the market.
Even so, whale accumulation alone does not determine future price direction. A sustained rally still depends on broader market demand and continued buying interest across both institutional and retail participants.
XRPL network activity reaches important milestone
Beyond price action, the XRP Ledger has also recorded stronger network usage.
Daily payment activity on the XRPL recently climbed above 500,000 transactions, marking one of the strongest levels of network utilisation in recent months.
Payment volume is one of the key indicators used to measure blockchain activity because it reflects how frequently the network is being used for transfers and settlement.
The increase in payment activity comes alongside growing development across the XRPL ecosystem, including projects focused on integrating artificial intelligence with blockchain infrastructure.
While these initiatives are still developing, they point to broader activity taking place beyond simple token trading.
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