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China Renaissance Buys $100M In BNB, Expands Crypto Partnerships

by admin August 23, 2025

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BNB is entering a new phase of adoption after a landmark announcement from China Renaissance, a Hong Kong-listed investment bank with deep institutional influence. On August 22, 2025, the bank’s board of directors revealed that it had signed a memorandum of understanding (MoU) with YZi Labs, allocating $100 million toward Binance’s token. This initiative marks a strategic step in bridging the gap between traditional financial institutions and the crypto market, positioning BNB as a gateway for broader adoption in regulated environments.

The agreement outlines a cooperative framework that seeks to empower the Binance Chain ecosystem with China Renaissance’s financial expertise and access to high-quality investment opportunities. In turn, the bank expects to leverage BNB’s ecosystem for new business applications, signaling a mutually reinforcing relationship.

This announcement builds on the company’s earlier disclosure in June 2025 of its intent to pursue cryptocurrency investments. By formalizing its commitment with a large-scale allocation, China Renaissance is not only validating BNB as a viable institutional asset but also setting a precedent for other financial players in Asia and beyond. The partnership could prove pivotal in enhancing BNB’s role within global markets, where regulatory clarity and institutional credibility are key drivers of adoption.

BNB Surges As China Renaissance Commits $100M

Binance co-founder and former CEO, Changpeng Zhao, highlighted the significance of the deal, stating: “China Renaissance, a HK public company, buying $100m USD worth of BNB. In addition to buying BNB, many other long-term strategic partnerships are involved. Let’s build the ecosystem together!” His words reinforced the strategic importance of this cooperation, which goes beyond a simple investment and points to structural growth for BNB in regulated markets.

The immediate market reaction was explosive. The price surged to a new all-time high of $899, marking a milestone in its history. This price action reflects renewed confidence in the asset’s long-term prospects, especially as partnerships deepen and institutions signal commitment.

Related Reading: Dormant Bitcoin Whale Awakens: BTC OG Rotates Into $577M ETH Long

For BNB, the timing could not be more significant. While other altcoins are facing volatility, the chain is showing resilience and growth capacity. With China Renaissance’s institutional backing, and additional strategic partnerships in development, the token appears poised not just for price appreciation but also for broader adoption as a utility and infrastructure asset in global markets.

Price Analysis: Testing Uncharted Territory

Binance coin is showing strong bullish momentum, breaking into new all-time highs with its latest rally. On the weekly timeframe, BNB is trading at $898.29, closing in on the psychological $900 level after surging nearly 5% this week. This push comes right after the announcement of China Renaissance’s $100M allocation into BNB, fueling confidence among institutional and retail investors alike.

BNB reaching new ATH | Source: BNBUSDT chart on TradingView

From a technical perspective, BNB’s trend remains intact, with the 50-week SMA at $654 and the 100-week SMA at $544 providing long-term support. The current distance between price and the moving averages highlights the strength of this parabolic move, but also signals caution, as extended gaps often precede periods of consolidation.

The price has broken decisively above its previous resistance zone at $780–$800, turning it into new support. If this level holds, the path toward $950–$1,000 opens up, supported by growing ecosystem developments and institutional demand. Structure signals continued strength, with institutional backing adding fuel to its breakout and positioning it for further upside in the coming weeks.

Featured image from Dall-E, chart from TradingView

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August 23, 2025 0 comments

'BNB Microstrategy' faces imminent Nasdaq delisting as price falls below threshold

NFT Gaming

BNB hits new ATH as cryptocurrencies rally post-Powell speech

by admin August 23, 2025

BNB price jumped to a fresh record high on Friday, gaining more than 6% to hit a new all-time high near $900, as prices rose across major crypto exchanges in reaction to cryptocurrencies’ rally on Jerome Powell’s dovish remarks.

Summary

BNB price spiked to a new all-time high near $900 on Friday, Aug. 22.
The Binance token’s gains came amid broader crypto rally after Federal Reserve chair Jerome Powell’s speech.

The crypto market’s bullish flip following comments by U.S. Federal Reserve chair Jerome Powell saw Binance Coin (BNB) jump to a new peak of $897, cementing the Binance coin’s status as one of the best performing top altcoins of this cycle.

With price staying above a robust demand reload zone despite crypto’s recent downswing, BNB took advantage of the broader market’s reaction to Powell’s remarks to pop to a new all-time high.

BNB price extends gains

The surge to above $890 sees BNB extend its gains to over 16% in the past month. Even with the altcoin market’s dip this week, BNB price remains nearly 10% up over the period.

BNB price chart. Source: crypto.news

Boosting BNB in recent weeks has been a wave of corporate treasury moves, and the latest is by the Hong Kong public company China Renaissance. The company announced a $100 million BNB buy, joining the likes of Windtree, BNC, and CEA Industries in unveiling BNB treasury strategies.

Daily volume is down – what does it mean?

A bullish structure thus has bulls eyeing a new leg up, which analysts say is the psychological $1,000 mark and higher. Notably, BNB is up, but daily volume is down by about 19% to $1.9 billion.

In the market, a spike in an asset’s price amid a decrease in trading volume can signal a dip in interest from market participants. Mainly, it suggests there is a potential weakening of resolve and that the uptrend could be at risk of exhaustion.

With BNB price hovering at elevated levels for most of the month, the price spike and dip in volume could signal this outlook. Profit-taking may ensue with price approaching or extending past the $1,000 mark.

According to data from Coinglass, derivatives volume has dipped by 22% to about $2.3 billion. However, BNB’s spike saw most of the 24-hour liquidations hit shorts, and open interest remained up 8% at over $1.65 billion.

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August 23, 2025 0 comments

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Crypto Booms as Fed Goes Dovish: Here’s What It Means for Ethereum, Solana and Dogecoin

by admin August 23, 2025

In brief

Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher.
Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs.
But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high.

Crypto markets have come alive following dovish remarks today from Federal Reserve Chair Jerome Powell. The Fed chairman opened the door to interest rate cuts during a speech at Jackson Hole, which both traditional and crypto markets had been eagerly awaiting—though not necessarily expecting.

Crypto climbed back above the $4 trillion mark and the Dow Jones Industrial Average jumped as much as 900 points, up to 2% on the day, after Powell suggested interest rate cuts could be on the way. The synchronized risk-on rally across both traditional and digital assets happens after weeks of consolidation, with the S&P 500 gaining 1.68% and the tech-heavy Nasdaq rising 2.1%.

Powell’s keynote at the annual symposium struck a more dovish tone than markets anticipated. “Downside risks to employment are rising,” Powell said. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

The comments effectively confirmed market expectations for a September rate cut—the first during President Donald Trump’s second term—sending risk assets soaring. Why? Lower interest rates means cheaper money, and that normally translates into more dollars being relocated from safer, yield-earnings investments into riskier bets, such as stocks and crypto.

Meanwhile, oil prices climbed 4% this week to $76.45 as Middle East tensions escalate. Crypto markets, though, appear unfazed by the geopolitical uncertainty.

Bitcoin spiked 3.5% today to its current price above $116,000. But, as is often the case, when Bitcoin jumps, lower liquidity altcoins get sent much higher.

Ethereum is currently up more than 12% on the day, teasing traders with a potential break above its all-time high price of $4,878—a record that’s held since November 2021. But it’s not just ETH either: Dogecoin and Solana, two of the biggest altcoins in the market, are also experiencing impressive gains.

Here’s what the charts have to say about it:

Dogecoin (DOGE) price: Return of the meme king

Dogecoin has rallied 9% to $0.23 over the past 24 hours, significantly outperforming Bitcoin’s modest gains. DOGE now sits comfortably in the top 10 coins by market capitalization, with a total value of more than $35 billion.

Besides the typical overreaction to the broader market movement, the surge comes amid a whale accumulation of over 680 million DOGE (worth $157 million) in August, with technical indicators suggesting more upside ahead.

Dogecoin price data. Image: Tradingview

Dogecoin is still in the symmetrical triangle keeping prices in a compression phase since July. Today’s spike could be interpreted as an expected bounce from the triangle’s support—with some room for continuation until a decisive breakout.

If the pattern holds, expect lower highs and higher lows for at least a few more days.

The coin’s Relative Strength Index, or RSI, sits at 55. RSI measures momentum on a scale from 0 to 100, where readings above 70 indicate overbought conditions and below 30 suggest oversold. At 55, DOGE has room to run before hitting levels where traders typically take profits, signaling healthy buying pressure without excessive speculation.

DOGE’s Average Directional Index, or ADX, is at 15. This confirms the behavior inside a triangle, with very low momentum in either direction. This indicator measures trend strength on a scale where readings above 25 confirm a strong trend, and below 20 suggests no clear direction. DOGE’s low ADX reading indicates the recent bearish correction is weakening—think of it as the selling pressure running out of steam—potentially setting up for a trend reversal if buyers step in with conviction.

The 50-day Exponential Moving Average (the average price over the last 50 days) provides support around $0.20—basically today’s starting price—while the 200-day EMA sits at approximately $0.18. When the current price trades above both these levels, as DOGE currently does, it typically signals a bullish market. The coin recently entered into a “golden cross” formation, which experienced traders typically interpret as decisively bullish. But the gap between the EMAs is so slow, it’d be hard for most traders to expect a flight to the moon any time soon. The more likely interpretation is something closer to “it’s not dumping anymore.”

The Squeeze Momentum Indicator shows “on” status and aligns with the other indicators, suggesting volatility is building after a period of compression. When this indicator fires, it often precedes explosive moves as the market breaks out of its trading range. Combine this with whale accumulation and ETF speculation—and the fact that the tail before the triangle is bullish—and you’ve got a setup that may please bull traders.

Key Levels:

Immediate support: $0.21 (recent bounce level)
Strong support: $0.20 (50-day EMA)
Immediate resistance: $0.24 (triangle resistance)
Strong resistance: $0.30 (major target, decisive bullish breakout)

Solana (SOL) price: The “Ethereum killer” flexes

Solana posted an impressive 8.99% gain to $196.53, with trading volume exploding to $3.8 billion—nearly double the daily average. SOL now sits just outside the top 5 coins by market cap, valued at over $105 billion.

We’d be remiss if we didn’t mention that the coin’s bullish spike also coincides with Kanye West’s YZY meme coin launching on Solana late last night. Ye’s meme briefly hit a $3 billion market cap before settling at $1.5 billion, stress-testing the network’s capacity for on-chain volume.

Solana price data. Image: Tradingview

Whether Solana bulls should be thanking Powell or Ye (it’s Powell, let’s be real), there’s no doubt sentiment on SOL is shifting. On Myriad, a prediction market developed by Decrypt’s parent company Dastan, the odds of Solana hitting an all-time high price of $294.33 before the end of year spiked today by more than 10%. The odds, though, still favor the bears, but they’re narrowing: Myriad users currently give SOL a 44.4% chance of breaking its record.

The charts seem to line up with the shifting view.

Solana’s ADX is now at 27, crossing above the crucial 25 threshold that confirms trend establishment. SOL’s reading suggests the recent uptrend has legs, with momentum building rather than exhausting.

SOL’s RSI at 58 sits in what traders call the “sweet spot”—strong enough to show genuine buying interest, but well below the 70 level where profit-taking typically emerges. This positioning allows for another 20-30% upside before reaching historically overbought conditions where corrections often occur.

The 50-day EMA at $166 provided crucial support during the recent dip, with its current price now trading comfortably above that mark at $196. The 200-day EMA further below at $160 creates a safety net of support levels. This expanding gap between moving averages—with the faster 50-day pulling away from the slower 200-day—typically occurs during sustained uptrends and gives buyers multiple entry points on any pullbacks.

The coin also recently entered into a golden cross. But unlike DOGE, the EMA’s here are drifting apart. This shows that bullish momentum, while slow, is building up.

Key Levels:

Immediate support: $180 (breakout level)
Strong support: $166 (50-day EMA)
Immediate resistance: $210 (July highs)
Strong resistance: $250 (psychological target)

Ethereum (ETH) price: Altcoin king roars

Ethereum, the king of altcoins, protector of decentralized smart-contracting “world computers,” and first of its name, is today smiling atop its throne. ETH is on fire.

Even after yesterday’s losses, today the king of altcoins led crypto majors with a commanding 12.16% surge above $4,700, briefly touching $4,830, and approaching its 2021 all-time high of $4,878.

Ethereum price data. Image: Tradingview

The ADX at 41 signals extremely powerful momentum—readings above 40 indicate a power trend where corrections tend to be shallow and brief. Historical data shows ETH can sustain ADX readings above 40 for weeks during major rallies. And prices are well over any statistical support—which can be a damocles sword as it makes sharp drops just as likely as unusually bullish moves.

RSI at 65 approaches but hasn’t reached the 70 overbought threshold. In strong uptrends, RSI can remain between 50-70 for extended periods—this is called “embedded RSI.”

The Squeeze Momentum Indicator also suggests the explosive move has already been released from the recent compression phase. This often marks a trending period where momentum remains stable, so it can be a safe bet for bulls.

What are prediction markets saying? We’re so glad you asked. On Myriad, the odds of ETH hitting $5,000, well above its 2021 all-time high, have soared to 89%, rocketing up by more than 17% since yesterday. A separate market has Ethereum hitting a new all-time this year as a near-lock at 94%.

Key Levels:

Immediate support: $4,500 (psychological level)
Strong support: $3,757 (50-day EMA)
Immediate resistance: $4,866 (all-time high)
Strong resistance: $5,500 (measured move target)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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August 23, 2025 0 comments

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While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto

by admin August 23, 2025

With the chairmanship still an open question for the Commodity Futures Trading Commission — likely to be a leading U.S. watchdog for crypto — its interim leader, Caroline Pham, is getting started on recommendations from the recent crypto report of the President’s Working Group.

The CFTC, which regulates U.S. derivatives trading and would assume oversight of the bulk of U.S. crypto trading under Congress’ market structure legislation, was at the center of key recommendations in the Trump administration report. So Pham, who President Donald Trump named acting chairman earlier this year, directed the agency to start taking industry input on meeting what’s become “a top priority” of the White House.

“I am beginning stakeholder engagement on all other report recommendations for the CFTC with the full support of the President’s Working Group on Digital Asset Markets to operationalize President Trump’s promise to win on crypto,” Pham said in a statement. The agency is formally requesting public comments on fulfilling the report’s recommendations, opening a two-month window for input.

The CFTC is facing potential leadership drama, with Pham having said she’s on her way out and the confirmation process to make former Commissioner Brian Quintenz the chairman deliberately delayed by the White House. Quintenz drew open criticism from Tyler Winklevoss, CEO of Gemini, who is among Trump’s inner circle of favored crypto executives, but the bulk of the industry’s lobbyists are asking the president to press for a quick approval of his nomination. For reasons it never detailed, the White House delayed what would have been a final committee vote to send Quintenz’s confirmation to the Senate floor, it’s reportedly still backing him.

After that stitch in his confirmation, the Senate went on its August break, further forestalling the resolution of the CFTC chairmanship, with Pham poised to leave and the only other sitting commissioner — Democrat Kristin Johnson — also planning to go. Even if Quintenz is quickly confirmed after the Senate’s summer recess, he may take over an otherwise empty five-member commission.

Meanwhile, Pham said the CFTC’s renewed crypto effort is meant to operate alongside “Project Crypto” recently announced by Paul Atkins, the Trump-appointed chairman of the Securities and Exchange Commission. This is a followup to the “crypto sprint” that Pham most recently promised on Aug. 1.

Read More: U.S. CFTC Considers Allowing Spot Crypto Trading on Registered Futures Exchanges

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August 23, 2025 0 comments

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180,000,000 ADA in Massive Buying Spree, Price Up 9%

by admin August 23, 2025

After multiple days of mimicking the broader crypto market downtrend, Cardano has suddenly flipped to the gainers’ side on August 22nd.

This positive trend witnessed today appears to have been spurred by the massive Cardano whale activity recorded over the last two days, according to data shared by popular crypto analyst Ali Martinez.

According to Ali, Cardano whales have scooped up 180,000,000 ADA in the last 24 hours, a bullish move signaling resilience among large investors despite the recurring market bloodbath.

$167 million in ADA in 2 Days

While the market had only flipped positive today with Cardano seeing a sudden shift in investors’ sentiments, the data suggests that the whales had doubled down on ADA while it was on the downside.

Per ADA’s price as of press time, the total ADA tokens scooped by Cardano whales over the last 2 days is worth over $167 million, signaling renewed confidence among investors.

While whales play the role of large investors who own a significant amount of the concerned cryptocurrency, the sustained interest by the large holders despite negative trends hints at a decisive attempt to buy the dip on Cardano.

Following the massive price surge witnessed today, ADA touched a notable low of $0.82 on August 22nd and surged massively by over 9% a few hours after then. As such, the tenth-largest cryptocurrency by market capitalization has hit an intraday high of $0.93 on the same day.

Taiwan Indicts 14 in BitShine Fraud Case

by admin August 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Taiwanese authorities have wrapped up a major investigation into one of the country’s most high-profile crypto-related fraud cases, filing charges against 14 individuals linked to the BitShine exchange.

Prosecutors allege the group conspired with criminal networks to siphon NT$1.27 billion (approximately $41 million) from more than 1,500 victims through a scheme that combined fraudulent investment pitches with unlicensed cryptocurrency operations.

According to Taiwan’s Central News Agency, BitShine operated under the cover of legitimacy, having reportedly passed financial compliance checks, while using its brand to conceal the activities of another firm, Biying Technology, which had not been approved by regulators.

Investigators allege that the two entities worked in tandem to funnel customer deposits into crypto purchases, particularly USDT, before moving the funds overseas through a series of complex transfers designed to obscure their origins.

Structure of the Fraud Network

Prosecutors identified a man surnamed Shih as the head of the operation in Taiwan, with his wife serving as Asia-Pacific director and another suspect, surnamed Yang, responsible for business management.

Working with organized crime affiliates, the group allegedly instructed victims to transfer funds into wallets controlled by the network. The tokens were then routed through multiple layers of transactions in what officials described as deliberate efforts to launder the money and evade detection.

Between January 2024 and April 2025, investigators estimate the operation laundered more than NT$2.3 billion ($75 million). Of that, NT$1.27 billion was directly tied to 1,539 identified victims.

Law enforcement seized NT$60.49 million in cash, 640,000 USDT, additional digital assets, and luxury items including cars during raids earlier this year.

Authorities stated that the group misled investors by claiming to be the only exchange authorized by Taiwan’s Financial Supervisory Commission (FSC), a tactic that helped attract significant deposits.

They also reportedly established more than 40 franchise-style storefronts across Taiwan under the names CoinW and BiXiang Technology Co., Ltd., collecting over one million yuan in fees and deploying “deposit machines” to process victims’ cash.

Indictments and Sentencing Requests

The Shilin District Prosecutor’s Office indicted Shih and 13 others on charges of fraud, money laundering, providing unregistered virtual asset services, and organizing a criminal enterprise under Taiwan’s Organized Crime Prevention Act.

Prosecutors are seeking a 25-year sentence for Shih, citing his refusal to plead guilty and lack of remorse. Other defendants who confessed or pledged to return illicit gains may face reduced penalties.

In addition to confiscating the seized digital assets and cash, prosecutors have asked the court to order the forfeiture of NT$1.275 billion in criminal proceeds.

The case was overseen by Chief Prosecutor Luo Weiyuan, who emphasized that the suspects had conducted unlicensed financial operations in violation of Taiwan’s anti-money laundering laws.

The investigation also uncovered a separate fraud targeting the BitShine operators themselves. Prosecutors said a man surnamed Gu defrauded Shih and his associates of NT$3 million by falsely promising he could secure anti-money laundering registration approvals. Gu has also been indicted.

The global digital currency market cap valuation. | Source: TradingView.com

Featured image create with DALL-E, Chart from TradingView

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August 23, 2025 0 comments

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XYZVerse aims to become a top crypto presale in 2025

by admin August 23, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP rallies, PI Network grows on community power, while XYZVerse presale gains momentum as a 2025 breakout contender.

Summary

XRP rallies, Pi Network grows while XYZVerse presale draws strong community buzz.
XYZVerse fuses sports fandom with meme energy as it aims for 2025 breakout status.
Community power is driving XRP, Pi, and XYZVerse into the spotlight this cycle.

Crypto markets are once again proving that community strength can be just as powerful as technology or institutional backing. XRP has staged a major rally on renewed optimism around its ecosystem, while PI Network is gaining traction thanks to its massive grassroots user base.

Both cases highlight a familiar truth in crypto: when the crowd gets behind a project, momentum follows. Now, attention is shifting to XYZVerse (XYZ), a fast-rising presale that blends memecoin energy with sports fandom. With millions already raised and growing buzz across online communities, the question is whether XYZVerse has what it takes to join the ranks of 2025’s top breakout tokens.

Price outlook for XYZVerse: Could a 30x jump be on the horizon?

XYZVerse has entered the memecoin arena at a time when community-driven tokens dominate speculative trading. With altcoin season approaching, low-cap memecoins are attracting fresh liquidity, and XYZVerse is well-positioned to benefit.

Still in presale, the project combines sports culture with meme energy, giving it a unique edge in a crowded market. If it can secure strong exchange listings and maintain momentum after launch, XYZVerse could surprise investors with outsized performance.

Price prediction for XYZ

Current Presale Price: $0.0053
Projected Post-Presale Target: $0.10 (per project estimates)
Potential ATH (first 1–2 weeks): $0.15 – $0.25 (driven by FOMO + listings)
Long-Term (6–12 months): $0.20 – $0.40 (if partnerships and listings materialize)

Is the $0.10 target achievable for XYZ?

A 30x move from presale to $0.10 is within reach, but it depends on:

Major Exchange Listings – Launching on platforms like KuCoin, OKX, or Binance could drive explosive demand.
Sustained Community Growth – Memecoins thrive on viral momentum; sports influencer campaigns will be key here.
Market Tailwinds – In a bullish environment, speculation-driven assets like XYZVerse usually outperform.

If these conditions align, a 3000% surge from the current presale price could be achievable. Execution, however, remains the deciding factor.

XRP

Source: TradingView

XRP slipped 10.35% in the past week and is down 17.39% this month, now trading between 2.95 and 3.29. Despite short-term weakness, the token is still 14.08% higher over six months.

The 10-day average at 2.95 and the 100-day at 3.00 point to flat sentiment, with momentum indicators also neutral. A breakout above 3.29 could target 3.49, while failure to hold 2.95 risks a slide to 2.80. A clean move over 3.49 would open the door to 3.84 (+17%), but if 2.95 cracks, losses toward 2.46 (-17%) are possible.

Pi Network

Source: TradingView

Pi Network remains under pressure after losing 8.44% this week and nearly 20% in the past month. Over six months, the token is down 48.73%, reflecting a prolonged bear trend. Currently, PI trades in a tight range between 0.36 and 0.41.

The 10-day average (0.36) sits just under the 100-day (0.37), showing lingering downside pressure. Yet RSI at 62.62 and stochastic at 81.34 hint at short-term demand. Resistance lies at 0.43 and 0.48, with support at 0.34 and 0.29. Clearing 0.43 could spark a 15% rally to 0.50, while failing to do so risks another 20% slide back toward 0.29.

XRP vs. Pi Network vs. XYZVerse

TokenCurrent Price RangeRecent PerformanceShort-Term OutlookLong-Term PotentialKey DriversXRP2.95 – 3.29-10.35% (7D), -17.39% (1M), +14.08% (6M)Neutral; must break above 3.29 for momentumPotential recovery if volume buildsCommunity + ecosystem resiliencePi Network (PI)0.36 – 0.41-8.44% (7D), -19.72% (1M), -48.73% (6M)Mixed; RSI & stochastic show demand, but downtrend intactCountertrend rallies possible, but high riskMassive user base, speculative upsideXYZVerse (XYZ)Presale: $0.005Early stage; $15M+ raised in presaleStrong buzz from sports/meme angleTargeting $0.10 at listing (30x), potential $0.20–$0.40 in 6–12MSports branding, deflationary supply, exchange listings

Conclusion

Community momentum is clearly at play: XRP remains resilient despite selling pressure, Pi Network is showing signs of a rebound, and XYZVerse is capturing attention as one of the most promising memecoin presales of 2025. By fusing sports culture with meme energy and leveraging deflationary tokenomics, XYZVerse could deliver major returns if it sustains its early buzz and secures strong listings in the upcoming bull market.

To learn more about XYZVerse, visit its website, Telegram, and Twitter.

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.

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August 23, 2025 0 comments

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VanEck Files to Launch ETF With Jito’s Liquid-Staked Solana Tokens

by admin August 23, 2025

In brief

VanEck filed on Friday a proposal for an exchange-traded fund tracking the price of JitoSOL.
The U.S. SEC earlier this month determined that liquid-staking tokens are not securities, clearing a path to putting them in ETF wrappers.
The filing comes as investor demand for staked crypto ETFs increases.

VanEck submitted an application to the U.S. Securities Exchange Commission for a JitoSOL exchange-traded fund, as investor interest in staked crypto ETFs continues to expand.

The ETF will track the price of JitoSOL, a kind of Solana liquid-staking token, or a tokenized asset that serves as a stand-in for an asset that has already been staked on a network.

Staking refers to the process of locking up cryptocurrencies on a blockchain to secure the network in exchange for rewards, usually in the form of tokens.

Today, @vaneck_us filed an S-1 for a @jito_sol ETF.

Why is this important?

A JitoSOL ETF offers the highest possible yield for investors, as 100% of the fund earns staking rewards with the lowest fees. The ETF can be created and redeemed in-kind, so redemptions can be…

— Thomas Uhm (@ThomasUhm) August 22, 2025

“With staff guidance now on record, the compliance runway for LST-based ETFs/ETPs is clear and actionable, and has resulted in the first ETF [composed] of LSTs,” the Jito Foundation said Friday in a blog post.

The JitoSOL fund marks the first proposed spot Solana ETF to receive 100% backing from a liquid-staking token, according to the Jito Foundation’s statement.

The filing comes as regulators have loosened their restrictions on the cryptocurrency, particularly when it comes to the classification of staking-based activities. In May and August, the SEC ruled that both protocol and liquid staking do not qualify as securities transactions—a determination that enables their inclusion in ETFs.

“That clarity opens a compliant path for ETF sponsors to use LSTs,” a Jito Foundation representative said in the post.

The Securities Commission also voted in July to green-light in-kind creations and redemptions for crypto ETFs.

This latest application from VanEck also comes just a few weeks after issuer REX-Osprey integrated staking rewards into its Solana ETF via a partnership with JitoSOL.

Solana was trading at $199 as of writing time, up nearly 10% in the past 24 hours, according to data provider CoinGecko.

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August 23, 2025 0 comments

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Bitcoin May Hit $1.3M by 2035, Says Crypto Asset Manager Bitwise

by admin August 23, 2025

Crypto asset manager Bitwise is betting big on bitcoin’s (BTC) future, projecting that the next decade will mark a period of outsized growth for the world’s largest cryptocurrency.

In a report published Thursday, Bitwise analysts predicted that bitcoin could become the best-performing institutional asset over the next 10 years, with its price climbing to $1.3 million by 2035.

The prediction comes at a time when the bitcoin price has reached new all-time highs and is trading above $100,000 amid better regulatory clarity, and more institutional investors are jumping into the sector.

Bitwise’s new price prediction implies a compound annual growth rate of 28.3%, returns that would dwarf most traditional assets, though the firm cautions that volatility will remain a defining feature of the market, even if it trends lower than in past cycles.

Three forces will drive adoption and price appreciation, analysts led by Matt Hougan wrote.

The first catalyst is bitcoin’s ongoing emergence as an institutional-grade asset. The second is rising demand for hard-asset exposure in an inflationary environment, and the third is the fixed nature of its new supply.

Bitwise also said that bitcoin’s “historic four-year cycle” thesis, which has long been a touchstone for traders, is no longer relevant.

Still, it warns investors should expect steep drawdowns. Among the biggest risks: regulatory shifts, legislative changes in major markets, and the challenges of a relatively new asset with limited historical data.

While quantum computing and other technological threats are on the radar, Bitwise sees them as secondary concerns.

The firm also concedes that forecasting bitcoin’s future is fraught with uncertainty, given the lack of long-term data. “We aim to err on the side of being conservative,” the note said, underscoring that models for such projections are still evolving.

Read more: The ‘Great Wealth Transfer’ Could See More Than $200B Flow Into Bitcoin: Xapo Bank

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August 23, 2025 0 comments

NFT Gaming

XRP Must Grow: RSI Says So, Bitcoin (BTC): Catastrophic Signal? Ethereum (ETH): $5,000 in September?

by admin August 23, 2025

Bitcoin’s divergence
Ethereum not empty

After dropping below its rising trendline, which indicates a deterioration in short-term momentum, XRP is now at a pivotal point. XRP is now trading at about $2.86, having lost ground above the crucial support trendline that once directed its rally.

Although indicators suggest that buyers may be losing ground, a recovery is still possible if momentum picks back up. The Relative Strength Index (RSI), which is currently trading just below 40, is one of the best indicators. Usually, this level means that the asset is approaching oversold territory, where selling pressure might start to wear off. Notable rebounds have frequently been preceded by similar RSI readings in previous XRP cycles.

XRP/USDT Chart by TradingView

Given that the market is at a technical crossroads, the RSI indicates that a relief rally may be possible in the upcoming sessions. This mixed picture is further compounded by the consistent drop in trading volume. Since there is less conviction behind the sell-off, a relatively small amount of buying pressure could reverse the momentum and push it back upward, as indicated by the decreased participation.

In order to regain the ascending structure and pursue additional recovery, XRP may need to regain the $2.95-$3.00 zone. But hazards still exist. Now a crucial battleground, the 50-day EMA is situated just below current prices. A breakdown below this level might hasten losses in the direction of the 100-day EMA, which is located at $2.74. This area might serve as a last line of defense prior to more significant corrections.

All things considered, the XRP chart shows weakness, but not surrender. Bulls may soon have a chance to recover lost ground if the oversold RSI reading indicates that the downside momentum may soon stall. It is still possible for XRP to recover if volume increases and stays above its moving averages.

Bitcoin’s divergence

In addition to showing a pronounced bearish RSI divergence, the top cryptocurrency recently broke below its 50-day EMA, a historically significant support level. This pattern indicates that even though the price reached a new all-time high earlier this month, the underlying momentum has been gradually eroding.

This is a risky situation that frequently occurs before lengthy corrections. Because the divergence reflects market conditions observed in June 2022, when a similar setup preceded a deep and prolonged sell-off, it is especially concerning. Even though price action initially looked bullish, the RSI trended lower in both instances as the price pushed higher, indicating that buyers were losing strength. The final collapse resulted in a series of liquidations, and the state of the market now suggests that history may repeat itself.

Ethereum not empty

With Ethereum displaying resilience once more, there is conjecture that a run toward $5,000 might occur as early as September. ETH had to undergo a necessary correction after weeks of sharp increases, cooling off from its peak around $4,800. Crucially, the correction happened under control, with ETH recovering from the 26-day EMA and remaining above $4,200, a level that traders are currently targeting as short-term support. Corrections are frequently seen as a way to cool down markets, and Ethereum appears to have done so successfully.

While the recent pullback cleared out speculation and excess leverage, volume patterns indicate that sellers are waning as buyers gradually regain control. The technical room for another leg higher has been created by the RSI’s normalization after it had previously entered overbought territory. The self-driven correction in ETH’s setup is what makes it so interesting. Instead of being a panic-driven sell-off, Ethereum’s decline was more of a consolidation phase than a sudden market-wide crash. Usually a bullish sign, this type of behavior indicates that the asset is stabilizing before continuing on its current course.