Crypto World
China’s Moonshot Reportedly Stole U.S. AI Tech for Kimi K3
White House AI adviser Michael Kratsios accused Chinese startup Moonshot AI of secretly copying Anthropic’s Claude Fable 5. He said the copies helped build its new Kimi K3 model.
Kratsios made the claim in a Wednesday post on X. He said Moonshot built a special platform for large-scale distillation of US models. The firm allegedly kept switching access routes to avoid getting caught.
White House Draws a Line on Moonshot AI Distillation
The technique at the center of the row is called distillation. It trains a new AI model on the answers of a stronger one. Done openly, it is legal and common. Kratsios said the covert, industrial-scale version is theft.
“We have information that Moonshot AI distilled Anthropic’s Fable for the development of its K3 model… However, large-scale, covert industrial distillation aimed at stealing proprietary U.S. technology and undermining American research is unacceptable,” Michael Kratsios, Director of the White House Office of Science and Technology Policy stated.
Anthropic has said the same thing. In a February report, the company traced over 3.4 million Claude exchanges to Moonshot. The traffic came from hundreds of fake accounts. Account records even matched the public profiles of senior Moonshot staff.
Anthropic said the campaign targeted Claude’s reasoning, coding, and vision skills.
Kratsios also said Moonshot got hold of NVIDIA GB300 servers and used them in Thailand. These are NVIDIA’s top AI chips, and US rules block their sale to China. Washington tightened its AI chip export clampdown in May. In June, a Super Micro office raid in Taiwan targeted alleged chip smuggling into China.
Kimi K3 Deepens the US-China AI Fight
Moonshot launched Kimi K3 on July 16. At 2.8 trillion parameters, it is the biggest open-weight model ever released. Demand was so strong that Moonshot had to pause new Kimi subscriptions within 48 hours. The full model weights go public by July 27.
That date matters. Anthropic warns that copied models lose their safety guardrails. Once open-sourced, they can spread beyond anyone’s control.
This is not the first such charge. In January 2025, White House AI czar David Sacks accused DeepSeek of copying OpenAI’s models. DeepSeek denied it. Beijing called Anthropic’s February findings groundless.
Kratsios announced no penalties, and Moonshot has stayed silent. The US still holds a 23x spending lead in AI, yet Chinese models keep gaining ground. The next move now sits with Washington.
The post China’s Moonshot Reportedly Stole U.S. AI Tech for Kimi K3 appeared first on BeInCrypto.
Blockchain intelligence firm TRM Labs has claimed in a new analysis that Justin Sun-owned HTX has been “rotating its wallet infrastructure on a rapid cycle” following sanctions issued by the UK Foreign, Commonwealth, and Development Office (FCDO) against Huobi Global S.A.
The FCDO sanctions, which landed in May, claimed that Huobi Global S.A. was being used by the A7 Network in Russia to bypass sanctions meant to target Russia.
HTX quickly claimed that “the listed entity Huobi Global S. A. is distinct from the online HTX exchange.”
Read more: UK sanctions HTX for alleged Russian sanctions violations
However, this wasn’t the whole story, as Huobi Global S.A. owned the United States trademark for HTX, and Huobi Global S.A. had filed documents in court that claimed that it “owns and operates HTX.”
Following this, HTX took its already problematic reserves and hid them in a new category on its proof-of-reserves called “ThirdParty.”
HTX has been unwilling to disclose to Protos what custodian is behind this new arrangement, despite claiming on its proof-of-reserves page that users should “directly contact the third-party custodians” to verify the reserves.
Ari Redbord, global head of policy at TRM Labs, has described the behavior as “HTX changing its wallets every few hours to stay a step ahead of screening built on static lists.”
HTX has claimed to The Block that these practices “reflect routine, security-driven platform operations common across the industry.” Further, it adds that it “categorically rejects any characterization implying otherwise.”
TRM Labs works with Sun-related entities in other partnerships.
It’s a part of the so-called “T3 Financial Crime Unit,” a partnership between TRM Labs, Sun-founded TRON, and Tether which was formed “to combat illicit activity associated with the use of USDT on TRON blockchain.”
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Senate Republicans released the long-awaited Clarity Act text on Wednesday, adding strict new ethics rules that bar public officials—including the President—from issuing or sponsoring digital assets during their time in office.
The 616-page amendment in the nature of a substitute to H.R. 3633 delivers the first comprehensive federal framework for digital asset markets while addressing Democratic demands for conflict-of-interest protections.
The post Clarity Act Text Is Out: What Does It Say? appeared first on BeInCrypto.
The U.S. Department of Justice has filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency it alleges is linked to international romance and investment frauds that targeted victims in both Canada and the United States. According to the U.S. Attorney’s Office for the District of Columbia and the U.S. Secret Service, the case stems from separate investigations conducted by the Cyber Fraud Task Force.
Prosecutors say victims were persuaded into believing they were making legitimate digital asset investments, only for their funds to be routed through laundering networks designed to obscure the origin and movement of stolen crypto. The DOJ describes tactics that frequently blend social engineering, fraudulent trading platforms, and layered wallet transfers to make recovery difficult.
Key takeaways
- The DOJ is pursuing five civil forfeiture actions targeting more than $25 million in crypto tied to romance and investment scams.
- One complaint seeks about $12.1 million connected to romance schemes affecting more than 200 victims.
- Another action seeks $10.4 million tied to suspected victim transactions involving more than 270 people.
- Authorities allege the launderers were largely based in Southeast Asia, with related IP activity associated with China, Malaysia, and Cambodia.
- International enforcement has recently intensified against similar social engineering–to-crypto laundering pipelines, including Interpol’s Operation First Light 2026.
DOJ targets crypto tied to romance and fake investment platforms
In a statement, the U.S. Attorney’s Office for the District of Columbia and the U.S. Secret Service said the assets were recovered as part of investigations associated with the Cyber Fraud Task Force. DOJ officials allege that scammers identified thousands of victims worldwide and misled them into believing they were investing in digital assets.
The largest complaint seeks approximately $12.1 million and is tied to romance-based frauds that reportedly defrauded more than 200 victims. Prosecutors say proceeds were routed through intermediary addresses and commingled with funds from other victims—an approach that can complicate attribution and recovery efforts.
A second complaint seeks $10.4 million and involves more than 270 suspected victim transactions. DOJ also filed three smaller complaints, which prosecutors describe as involving fake investment accounts and an additional “recovery” scheme—an escalation pattern seen in many fraud ecosystems, where initial victims are later targeted again with offers to help them get their money back for a new fee or deposit.
Where laundering allegedly operated—and how identities were masked
The DOJ said the alleged laundering infrastructure was predominantly located in Southeast Asia, while related IP addresses were associated with China, Malaysia, and Cambodia. While the filing describes these characteristics at a high level, the enforcement theory is consistent: criminals sought to break the on-chain connection between victim payments and the addresses that ultimately benefited.
Prosecutors frame the problem as more than a direct “investment” fraud. They argue that crypto-enabled romance scams typically rely on social engineering to build trust, then steer victims toward fraudulent trading or investment platforms. After funds are placed, investigators say the money is moved through multiple wallet layers and networks that help conceal the stolen funds’ trail.
Interpol operation highlights the scale of social engineering to crypto laundering
This DOJ filing follows broader international enforcement activity focused on social engineering scams and the financial networks used to launder their proceeds. According to earlier reporting from Cointelegraph, Interpol-coordinated Operation First Light 2026 involved 97 countries and territories. Interpol said the operation led to 5,811 arrests and the interception of $283 million in illicit assets.
Interpol also reported that the operation identified more than 142,000 victims and blocked more than 31,000 bank accounts. Within the operation, Thai authorities reportedly uncovered a network that allegedly converted romance-scam proceeds into crypto. Investigators also described the use of cross-chain token swaps to further obscure the movement of funds.
Cointelegraph reported that a wallet associated with a suspected money launderer processed more than $122.5 million in crypto over a period of 10 months. While that figure comes from Interpol-linked reporting rather than the DOJ civil forfeiture filings themselves, the overlap underscores the same operational playbook: trust-building scams, movement of funds into crypto, then multi-step transfers and trading-like activity to frustrate tracing.
Earlier U.S. actions show stablecoin laundering patterns
The DOJ’s move also fits into a wider pattern of U.S. enforcement against crypto used in romance and investment frauds. Cointelegraph previously noted that, in February, federal agents seized over $61 million in USDT stablecoin from addresses allegedly associated with laundering proceeds tied to fraudulent investment platforms.
In that earlier account, investigators described a workflow similar to the one now reflected in the forfeiture complaints: scammers build trust through romantic relationships, steer victims to fake trading platforms, and then move funds across multiple wallets. The DOJ complaint language adds further detail about how schemes can evolve into “recovery” scams and about how funds can be commingled among victims—both of which affect how law enforcement attempts to dismantle networks and how victims may later attempt to locate assets.
For readers, the key point is practical: these cases show that the fraud often shifts from social manipulation to financial plumbing. Even when victims send funds into what appears to be a legitimate digital asset transaction, the traceable parts can be deliberately fragmented through intermediaries, layered transfers, and cross-network activity.
As the forfeiture cases proceed, the next watchpoints are straightforward: whether courts allow the government to establish ownership and tracing theories at the complaint stage, and whether additional actions follow targeting other wallets or infrastructure tied to the same alleged laundering clusters.
Ethereum has staged a notable recovery from its June lows. It has reclaimed some important support levels and is now pushing toward a major technical barrier. While short-term momentum continues to favor buyers, the broader trend remains challenged by overhead resistance and a still-negative Coinbase Premium Index, suggesting institutional demand from U.S. investors has yet to fully return.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH has rebounded sharply after defending the $1.5K demand zone, where buyers repeatedly stepped in to halt the broader downtrend. The recovery has carried price back above the descending channel’s higher boundary.
The price is also approaching an important confluence of resistance. The descending trendline aligns closely with the 100-day moving average, while the 200-day moving average remains higher around the $2.2K region. These dynamic resistance levels reinforce the nearby horizontal supply zones at $2K and $2.4K. This confluence makes this area the primary obstacle before any larger bullish reversal can develop.
Momentum has also improved considerably, with the RSI climbing toward the upper half of its range, reflecting strengthening buying pressure without yet reaching overbought territory. As things stand, the path toward the $2K to $2.2K resistance area is open. Yet, a rejection from this zone would keep the broader bearish structure intact and increase the likelihood of another retracement back inside the channel and toward the $1.5K support zone.
ETH/USDT 4-Hour Chart
The lower timeframe shows a much more constructive market structure. ETH has been producing higher highs and higher lows while respecting an ascending channel that has supported the advance throughout June and July.
After rebounding from the $1.7K short-term demand zone, the price accelerated toward the upper boundary of the large channel, where it is currently consolidating around $1.9K. This places ETH directly beneath a key resistance trendline that has capped rallies over the past several weeks.
The immediate support lies around $1.76K, where a previous resistance zone has flipped into support. Holding above this region and the short-term rising trendline would preserve the current bullish structure and keep the focus on another attempt to break above the channel resistance near $1.95K.
A successful breakout could trigger a continuation toward the psychological $2K level, while a loss of the ascending trendline would likely shift momentum back in favor of sellers and expose the $1.7K support area once again.
Sentiment Analysis
The Coinbase Premium Index continues to paint a more cautious picture despite ETH’s recent price recovery. Although the metric has rebounded from its deeply negative readings seen earlier this summer, it remains below zero, indicating that Ethereum continues to trade at a discount on Coinbase relative to offshore exchanges.
Historically, sustained positive readings have reflected stronger buying activity from U.S.-based institutional participants. The current negative premium suggests that this segment of the market has not yet returned aggressively, even as price attempts to establish a short-term uptrend.
This divergence implies that the ongoing recovery is being driven primarily by broader market demand rather than strong institutional accumulation. A move back into positive territory would strengthen the bullish case and increase confidence that the current advance has sufficient underlying support to challenge the major resistance levels overhead.
Until then, traders should monitor the current breakout attempt with some caution, as weakening demand at resistance could still lead to another corrective move.
The post Ethereum Price Analysis: ETH Holds Crucial Support as $2K Comes Into View appeared first on CryptoPotato.
In Bitcoin news today, shareholders of Satsuma Technology voted by more than 90% on Monday to sell the company’s remaining 668 BTC, worth roughly $43.5M at current prices, and to cancel its LSE delisting, overruling four of six board members and formally ending a Bitcoin treasury experiment that lasted less than 12 months.
The decision crystallizes one of the sharper destructions of investor capital in the UK crypto space: against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound.
This latest Bitcoin Treasury firm news dropped as BTC climbed a modest +0.4% overnight, dropping under $66,000 since yesterday but still trading at $65,700, with a daily trading volume of $31.8Bn.
Bitcoin News Today: From £163M Raise to Fractional Recovery
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
The stock peaked around £14 per share in June 2025. Bitcoin reached its $126,000 all-time high in October before sliding into the current crypto winter, dragging Satsuma’s share price with it.
By December 2025, the company was already liquidating assets to stay solvent, selling 579 BTC for £40M to repay noteholders who declined to convert their debt into equity.
The CFO departed in February 2026; the CEO followed in March. By April, shares had lost more than 99% of their June 2025 peak value, trading at fractions of a penny. At that point, Pantera Capital, holding approximately 6.7% of Satsuma’s stock, began publicly calling for a full liquidation, with a straightforward rationale.
The company’s market cap had fallen well below the value of the Bitcoin on its balance sheet, making the equity position strictly worse than owning the underlying coin. A shareholder group representing more than 20% of issued capital formally put the resolution to a vote.
The board split hard. Four of the six directors opposed liquidation, arguing that Satsuma remained a viable, publicly listed corporate vehicle for Bitcoin. Two sided with shareholders. The 90%-plus vote to wind down left the board majority’s position moot.
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The DAT Model Under Scrutiny
Satsuma’s collapse is the most visible failure yet of the DAT, a digital asset treasury structure that proliferated across UK small-caps in 2025.
These companies, modeled loosely on MicroStrategy’s approach, give equity investors indirect exposure to Bitcoin while bolting on a thin operating business to satisfy UK listing rules on alternative investment fund classification.
The structure works when Bitcoin price momentum and equity premiums reinforce each other; it unravels quickly when both reverse simultaneously, as the convertible note obligations create a sell-to-survive dynamic at exactly the wrong point in the cycle.
The broader regulatory environment for UK crypto companies adds another layer of structural pressure that pure-play listed treasuries are poorly positioned to absorb.
The wind-down proceeds through a “B Share Scheme,” a UK legal mechanism for distributing cash assets back to shareholders. Estimated termination costs run to £2.7M: legal fees, severance, delisting charges, and run-off insurance.
Combined with the £40M recovered from December’s BTC sale, the total capital returned is roughly £66–70M, against the £163.6M raised.
Critically, convertible noteholders rank above common equity in the payout waterfall, so ordinary shareholders may receive considerably less than even those aggregated figures suggest.
Satsuma was the second-largest UK-listed Bitcoin treasury company by holdings at the time of the vote. The Smarter Web Company, holding 2,878 BTC, currently sits at the top of that ranking and has not indicated any plans to wind down, though Satsuma’s outcome will sharpen investor focus on the NAV-to-market-cap gap across all remaining UK crypto treasury vehicles.
The contrast with Michael Saylor’s approach, maintaining Bitcoin conviction through drawdowns rather than liquidating under shareholder pressure, is a live debate in the corporate Bitcoin treasury space right now.
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Bitcoin News: Court Approval and Satsuma Delisting Timeline
UK High Court hearings to approve the capital return scheme are scheduled for August and September 2026. The LSE delisting is expected in mid-September, with shareholder payments due by late September.
High Court hearings to approve the capital return are set for August and September 2026, before distributions begin. For traders still holding Satsuma shares, the key variable is whether the 668 BTC sale executes above or below current spot.
With the Bitcoin price trajectory remaining contested at current levels, even a modest move in either direction will shift the final distribution range away from the £26.8–30M estimate. Noteholders’ priority claim means ordinary equity holders are effectively last in line for whatever remains after costs are settled.
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The post Bitcoin News: BTC Treasury Strategy Casualty as Satsuma Technology Votes to Wind Down appeared first on Cryptonews.
Bitcoin (BTC) held higher on Wednesday as crypto and risk assets continued to brush off US-Iran war tensions.
Key points:
- Bitcoin limits its comedown from five-week highs despite fresh escalation in the US-Iran war.
- US stocks also ignore the potential risks, as analysis warns that shorts could pay as a result.
- A Bitcoin trader sees BTC/USD outperforming the S&P 500 going forward.
Bitcoin, stocks digest Trump pledge to “destroy” Iran power plants
Data from TradingView showed BTC/USD down 1% on the day, having earlier hit five-week highs near $67,000.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Crypto and US stocks continued Tuesday’s direction, which saw them ignore escalation in the Middle East, including direct strikes by both Iran and the US.
US president Donald Trump threatened attacks on Iranian bridges and energy infrastructure, which had only a mild impact on market performance.
“From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran,” he wrote in a post on Truth Social.
Only oil prices saw volatility on the day, with WTI and Brent crude reaching $88.60 and $95.50, respectively, both at their highest since June 11.
CFDs on WTI crude oil vs. CFDs on Brent crude oil one-day chart.
Source: Cointelegraph/TradingView
Stocks’ bullish momentum prompted trading resource The Kobeissi Letter to suggest that those betting on a market reversal could see more pain.
“Short interest in the S&P 500 is up to ~3.7% of its free float, near the highest in data going back to 2010. Short interest in the Russell 3000 is up to ~6.1%, also near an all-time high,” it reported on Tuesday alongside data from Bloomberg.
“Both metrics have steadily increased since the start of 2025.”
S&P 500 index short-interest data. Source: The Kobeissi Letter on X.com
Kobeissi suggested that a “short squeeze” could result, punishing late short positions.
Trader sees BTC price outperforming stocks
As for Bitcoin, traders continued to wait for a more decisive move, with $67,000 a particular focus. At time of publication, it was at roughly $65,975, with 24-hour trading volume topping $30.3 billion, according to CoinMarketCap data.
Related: Bitcoin analysis eyes ‘serious volume’ after Binance sees 9K BTC daily outflow
“Breaking above that point would make for a daily bullish market structure break putting in a higher high,” trader Daan Crypto Trades told X followers earlier Wednesday.
“This is the first daily higher high since the push up in May.”
BTC/USDT four-hour chart. Source: Daan Crypto Trades on X.com
To be sure, some traderseyed pronounced BTC price strength against the S&P 500.
“$BTC vs. US stocks is seeing a strong weekly bullish divergence and is at the brink of an RSI trend breakout,” an X post by Osemka read, referring to the relative strength index (RSI) leading indicator.
“Divergent lows are 5 months apart, similar to literal 2022 lows. $BTC should outperform the US stock market nicely for the foreseeable future from the most mis-priced territory in history, as the lows should already be in.”
BTC/USD vs. S&P 500 one-week chart. Source: Osemka on X.com
As Cointelegraph reported, broad consensus continues to favor Bitcoin’s next bear-market low coming later this year or in early 2027.
Crypto World
Reddit May Block Google AI Access as $60 Million Deal Nears Expiry: Will RDDT Stock Crash?
Reddit may block Google’s AI from using its content. Their licensing deal, reportedly worth $60 million per year, is about to expire. Reddit (RDDT) shares fell as much as 5.8% in premarket trading Wednesday.
The 2024 deal lets Google use Reddit’s posts to train and power its AI models. Talks over a renewal are ongoing. Neither company has made a final call.
Why Publishers Are Rethinking Google AI Deals
Reddit is not alone. The Journal also named USA Today, Politico, the Economist, People Inc., and Reuters. All are rethinking their ties with Google.
The anger comes down to one thing. Google’s AI Overviews answer questions right on the search page. Readers get the answer. Publishers lose the click.
Pew Research Center data shows how big the hit is. Users clicked a regular result just 8% of the time when an AI summary appeared. Without one, the rate was 15%. Only 1% clicked a source inside the summary itself.
Semrush data cited in the Journal’s reporting points the same way. USA Today’s Google traffic fell nearly 50% in a year. Politico’s dropped 23%.
Regulators are stepping in too. On June 3, Britain’s antitrust watchdog, the Competition and Markets Authority (CMA), gave publishers a new right. They can now opt out of Google’s AI features without vanishing from search.
“It is crucial that content publishers, including news organizations, have appropriate bargaining power over how their content is used,” CMA Chief Executive Sarah Cardell said in the announcement.
Similar complaints about Google stealing publisher traffic now reach crypto media, where AI answers are already siphoning publisher visits.
Will RDDT Stock Crash?
A crash looks far from certain. Reddit’s threat may be a bargaining chip, not an exit. Its human conversations are among the most cited sources in AI answers. It also licenses data to OpenAI. That gives it rare pricing power.
Executives reportedly want usage-based fees that grow as Reddit becomes more central to AI results. A new Reddit Google AI deal could reset prices across the market. AI training data lawsuits are already testing what unlicensed content costs.
Timing adds pressure. Alphabet reports Q2 earnings after Wednesday’s close. Options traders are already pricing outsized earnings moves across big tech. Any comment on content costs could move both stocks, as noted in BeInCrypto’s Alphabet Q2 earnings preview.
For now, this looks like hardball, not a breakup. The renewal terms, and Alphabet’s comments tonight, should soon show what Reddit’s data is really worth.
The post Reddit May Block Google AI Access as $60 Million Deal Nears Expiry: Will RDDT Stock Crash? appeared first on BeInCrypto.
Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale, lifting the company’s valuation by 53% in less than a year.
The company priced shares at $2,017 each, according to an internal message from CEO Nik Storonsky reported by The Wall Street Journal. The transaction allows employees and other existing shareholders to sell stock rather than raising new capital for Revolut.
The valuation has more than doubled from $45 billion in 2024 and makes Revolut Europe’s most valuable private company, representing a major rise from the $75 billion valuation seen in November last year.
It also puts the firm above rival banking giants like Barclays’ roughly $95 billion market value, though with the caveat that Revolut’s price is based on a private transaction whose size has not been disclosed.
Revolut reported $2.3 billion in pre-tax profit for 2025, up 57%, as revenue rose 46% to $6 billion. Its customer base has since passed 75 million.
The company’s main app lets its users trade more than 200 crypto tokens, transfer assets to external wallets and stake holdings, while the firm also manages its own standalone crypto exchange called Revolut X.
Arbitrum will collect 10% of fees generated on Robinhood Chain and every other Layer 2 built on its technology stack, Offchain Labs co-founder Steven Goldfeder said Wednesday on X. Of that cut, 8% goes to the tokenholder-controlled Arbitrum treasury and 2% funds development, he said. Goldfeder… Read the full story at The Defiant
XRP price is trading around $1.13, up about 2% over the past 24 hours. Those modest gains hide a much larger binary risk approaching. A Senate deadline could determine whether XRP secures the regulatory clarity many institutional investors want or loses its biggest legislative catalyst for now. That possibility still appears underpriced, leaving traders on edge.
Meanwhile, the crypto market is sending mixed signals. Bitcoin and Ethereum have spent the past two days moving sideways, and large-cap altcoins, including XRP, are following suit. XRP has traded between $1.12 and $1.16 during the past day, reflecting consolidation with no decisive trend.
Even so, price stability does not mean risk has disappeared. XRP has increasingly become a legally driven trade, with sentiment shifting alongside every regulatory headline. Any court filing, settlement rumor, or signal from lawmakers before Thursday could trigger a sharp repricing.
The real question is the direction of that move. A favorable outcome could strengthen confidence and attract fresh institutional demand. On the other hand, another delay or disappointing development may leave XRP stuck in its current range, or even spark another wave of selling as traders unwind expectations.
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Can XRP Price Break $1.25 Before the Senate Deadline?
XRP has been consolidating around the $1.08 to $1.15 range over the past week. The $1.10 area continues to act as a short-term pivot, while support sits near $1.05 after holding several recent pullbacks. Meanwhile, sellers have repeatedly defended the $1.15 to $1.20 zone.
Recent trading volume has offered little conviction despite the rebound. Instead, the move looks more like traders adjusting positions than chasing a fresh trend. That often happens before major headlines, when market participants prefer waiting over making aggressive bets.
The bullish scenario remains straightforward. If Senate legislation advances or Ripple receives favorable legal news, XRP could break above $1.20 with strong volume. That would expose the next resistance around $1.30 to $1.40, where sellers may try to slow the rally.
The base case assumes no meaningful update arrives. In that situation, XRP could remain trapped between $1.08 and $1.15 as traders wait for the next catalyst. XRP Price action is likely to remain choppy until fresh news shifts sentiment.
The bearish case comes into play if legislation stalls or regulatory pressure increases again. A decisive break below $1.05 could send XRP toward the $1.00 level first. If that support fails, the next buying zone sits around $0.90 to $0.95.
Technically, XRP still appears compressed, and those conditions rarely last forever. Once a catalyst arrives, the move could develop quickly in either direction. Position sizing ahead of Thursday remains the key consideration because this setup is unlikely to stay quiet for long.
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Maxi Doge Targets Early-Mover Upside as XRP Tests Key Levels
XRP at $1.13 is, at minimum, a known asset with a nine-figure market cap and a legal binary that limits near-term upside to a defined range. Even the optimistic $1.50 target represents roughly a 30% move from current levels. It’s respectable, but not the kind of asymmetric return early-stage exposure can theoretically offer.
Traders watching the XRP setup and seeking a different risk profile have been rotating attention toward early presale positions.
Maxi Doge ($MAXI), available at $0.000283 per token, has pulled in $4.8 million in total raised, a number that signals meaningful community traction without the dilution risk of a fully saturated cap.
Built on Ethereum as an ERC-20 token, the project is positioned around a “leverage king” trading culture. It has a holder-only competition with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and meme-first marketing built around a 240-lb gym-bro mascot embodying 1000x trading mentality.
The staking program runs on a dynamic APY structure. The tagline, “never skip leg-day, never skip a pump,” commits to the bit. As with any presale, token value post-launch is speculative, and capital loss is a real outcome.
Research Maxi Doge before committing to any position.
Discover: The Best Crypto to Diversify Your Portfolio
The post XRP Price Could Turn Volatile This Month: What’s at Stake for Ripple? appeared first on Cryptonews.
Dana White rips Josh Hokit for Michelle Obama comments at White House: ‘Inappropriate’
The Corrupt, Xenophobic Hysteria Behind The ‘TikTok Ban’ Will Soon Be Mirrored Across U.S. AI Policy
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