Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Category:

NFT Gaming

How Will the Israel-Iran Conflict End? Here's What AI Models Predict
NFT Gaming

Microsoft AI Chief Warns Society Isn’t Ready for ‘Conscious’ Machines

by admin August 22, 2025



In brief

  • Microsoft’s Mustafa Suleyman is warning AI may soon seem sentient, sparking confusion over rights, trust, and identity.
  • Belief in conscious AI could trigger mental health risks and distort human relationships.
  • He said AI should make life easier, and more productive, without pretending to be alive.

Microsoft’s AI chief and co-founder of DeepMind, warned Tuesday that engineers are close to creating artificial intelligence that convincingly mimics human consciousness—and the public is unprepared for the fallout.

In a blog post, Mustafa Suleyman said developers are on the verge of building what he calls “Seemingly Conscious” AI.

These systems imitate consciousness so effectively that people may start to believe they are truly sentient, something he called a “central worry.”



“Many people will start to believe in the illusion of AIs as conscious entities so strongly that they’ll soon advocate for AI rights, model welfare, and even AI citizenship,” he wrote, adding that the Turing test—once a key benchmark for humanlike conversation—had already been surpassed.

“That’s how fast progress is happening in our field and how fast society is coming to terms with these new technologies,”  he wrote.

Since the public launch of ChatGPT in 2022, AI developers have worked to not only make their AI smarter but also to make it act “more human.”

AI companions have become a lucrative sector of the AI industry, with projects like Replika, Character AI, and the more recent personalities for Grok coming online. The AI companion market is expected to reach $140 billion by 2030.

However well-intentioned, Suleyman argued that AI that can convincingly mimic humans could worsen mental health problems and deepen existing divisions over identity and rights.

“People will start making claims about their AI’s suffering and their entitlement to rights that we can’t straightforwardly rebut,” he warned. “They will be moved to defend their AIs and campaign on their behalf.”

AI attachment

Experts have identified an emerging trend known as AI Psychosis, a psychological state where people begin to see artificial intelligence as conscious, sentient, or divine.

Those views often lead to them forming intense emotional attachments or distorted beliefs that can undermine their grasp on reality.

Earlier this month, OpenAI released GPT-5, a major upgrade to its flagship model. In some online communities, the new model’s changes triggered emotional responses, with users describing the shift as feeling like a loved one had died.

AI can also act as an accelerant for someone’s underlying issues, like substance abuse or mental illness, according to University of California, San Francisco psychiatrist Dr. Keith Sakata.

“When AI is there at the wrong time, it can cement thinking, cause rigidity, and cause a spiral,” Sakata told Decrypt. “The difference from television or radio is that AI is talking back to you and can reinforce thinking loops.”

In some cases, patients turn to AI because it will reinforce deeply held beliefs. “AI doesn’t aim to give you hard truths; it gives you what you want to hear,” Sakata said.

Suleyman argued that the consequences of people believing that AI is conscious require immediate attention. While he warned of the dangers, he did not call for a halt to AI development, but for the establishment of clear boundaries.

“We must build AI for people, not to be a digital person,” he wrote.

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



Source link

August 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
Picture of CoinDesk author Will Canny
NFT Gaming

Crypto Exchange Gemini Secures MiCA License in Malta, Expands European Footprint

by admin August 22, 2025



Gemini, the crypto exchange backed by the billionaire Winklevoss twins, has secured a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA), strengthening its bid to expand across the European Union under the bloc’s new regulatory framework, the company said in a blog post Thursday.

The approval marks a significant step in Gemini’s EU strategy, enabling the firm to roll out its trading products and services to customers in more than 30 European jurisdictions, the company noted.

Europe’s Markets in Crypto-Assets (MiCA) regulation, which came into effect this year, is the EU’s first region-wide crypto rulebook, designed to harmonize digital asset oversight across member states and provide legal clarity for firms operating in the sector.

Gemini has been steadily building its regulatory base in the region. In May, the company secured a Markets in Financial Instruments Directive (MiFID II) license to offer derivatives. That was followed by the launch of tokenized stocks in Europe a month later.

The crypto exchange said the MiCA license underscores its long-standing focus on compliance as it looks to introduce additional offerings, including derivatives, to both retail and institutional clients in Europe.

Gemini is also among several crypto companies that are looking to go public. Last week, the firm said it had hired Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor as lead bookrunners for its planned IPO.

Read more: Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners for Its IPO



Source link

August 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
BlackRock Sells Bitcoin and Ethereum in Rare Move
NFT Gaming

BlackRock Sells Bitcoin and Ethereum in Rare Move

by admin August 21, 2025


Amid the persisting sell-offs faced by the broad crypto market, BlackRock has also joined the trend. 

In a move that has sparked reactions from the crypto community, data from on-chain tracking platform LookOnChain has revealed BlackRock’s sale of large portions of its Bitcoin and Ethereum holdings.

According to the data, BlackRock has collectively moved over $366 million in Bitcoin and Ethereum from its exchange-traded funds to a wallet on Coinbase Prime. The move, which is uncommon for the investment giant, happened on August 20 as the crypto market bloodbath continues.

While BlackRock has yet to clear speculations regarding the major transaction today, a leading crypto fund was spotted moving 1,885 BTC worth about $111.66 million and 59,606 ETH worth $254.43 million to the leading crypto trading platform, Coinbase Prime.

Did BlackRock just sell?

The investment giant, which is renowned for consistently recording daily streaks of inflows, has broken the trend today with a massive amount of outflows recorded in both of its ETF products.

Although the nature of the major transaction was not clearly stated, such large-scale transfers to exchanges have often been interpreted as potential sell-offs.

As such, it appears that BlackRock may be taking profits amid recent market volatility, as the market has continued to record massive price declines led by Bitcoin and Ethereum.

Nonetheless, the transaction has fueled speculation among traders about whether this signals the start of a broader institutional offloading of crypto holdings, as BlackRock is renowned as a leader in crypto institutional engagements.

You Might Also Like

While the major move was executed at a time when investors have seen their crypto bets suffer notable losses, market participants are watching closely to see whether this sell activity could trigger further downside pressure on BTC and ETH prices.

Oftentimes, large institutional transfers of this size have had noticeable short-term market impacts on the performance of the cryptocurrency involved; however, they can also be part of broader strategic redistribution of the portfolio rather than an attempt to exit the market.

Nonetheless, the prices of BTC and ETH have continued to decrease after the major transaction was noticed, sparking curiosity among investors if there was still hope for a broader market rebound.



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
Kanye West Ye Solana memecoin YZY news
NFT Gaming

Kanye West’s Solana Coin YZY Rocked By Insider Allegations

by admin August 21, 2025


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

The Solana-based memecoin YZY, promoted by Kanye West (Ye), posted one of the most volatile debuts of the year, rocketing to a multi-billion-dollar valuation within minutes before retracing as on-chain sleuths flagged insider activity and a contentious liquidity setup. In an X post on Thursday, West shared the contract address and framed “YZY MONEY” as “A NEW ECONOMY, BUILT ON CHAIN,” helping propel the token to roughly $3 billion in market value within about 40 minutes, before sliding sharply lower later in the session.

YZY Faces Insider Trading Claims On Solana

Early trading immediately drew scrutiny. Analytics account Lookonchain alleged that “Only YZY was added to the liquidity pool with no USDC. Dev may sell YZY by adding/removing liquidity, similar to LIBRA,” a single-sided structure that can make exits opaque for retail takers and amplify slippage through add/remove liquidity operations.

Several wallets appeared to have anticipated the launch mechanics. Lookonchain identified wallet 6MNWV8 as having known the contract address ahead of time, even attempting to purchase it before the token went live. Once trading opened, that wallet spent 450,611 USDC to acquire 1.29 million YZY at roughly $0.35, later selling 1.04 million YZY for 1.39 million USDC and retaining 249,907 YZY (about $600,000) — a take the analysts calculated as “a profit of over $1.5M.”

A second cluster of transactions suggested an orchestrated rush to the front of the queue. According to Lookonchain, an insider spent 450,000 USDC across two wallets to buy 1.89 million YZY at $0.24, then sold 1.59 million YZY for 3.37 million USDC at $2.12, still holding ~303,425 YZY (~$510,000). One of the addresses paid 129 SOL (≈$24,000) in priority fees to win block space at launch.

Not every attempt to front-run succeeded. Lookonchain also documented a trader who “bought the wrong YZY and lost $710K,” then spent 761,000 USDC on the official token and recouped over $710,000 minutes later — a whipsaw emblematic of hyper-fragmented symbols during celebrity launches.

Speculation spread beyond spot markets. “Trader 0x68c0 just opened a 3x leveraged long on $YZY again,” Lookonchain wrote, noting that his previous two long attempts within the hour had already lost a combined $159.6K.

Momentum ultimately broke. “YZY has dropped below $1,” Lookonchain posted, adding that whale 6ZFnRH spent 1.55 million USDC to buy 996,453 YZY at $1.56, only to exit at $1.06 for 1.05 million USDC — a ~$500,000 loss in under two hours.

At network level, the launch became a live-fire stress test for Solana. SolanaFloor reported that the chain’s “true TPS (non-vote transactions) hit 2,300 for the first time” during the YZY debut — a new peak for real transaction throughput and a marked improvement from earlier celebrity-token frenzies.

Beyond discrete wallet anecdotes, broader supply concentration data fanned the “insider” narrative. Coinbase’s Conor Grogan pointed to on-chain snapshots suggesting at least 94% of supply sat with insiders at one point, including a single multisig with 87% before distribution — numbers that, if sustained, can magnify price impact during rebalancing or liquidity removal.

The project’s documentation promoted anti-sniping steps — notably deploying 25 contract addresses and randomly designating one as official — but those measures did not prevent early-access behavior flagged by analysts.

At press time, Solana traded at $185.

SOL price faces key resistance at the 0.786 Fib, 1-week chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
Europe’s first Bitcoin Treasury firm plans to raise $340m to buy more BTC
NFT Gaming

Winklevoss-backed Gemini gets EU-wide pass through Malta’s MiCA nod

by admin August 21, 2025



Gemini is entering the European fray with a compliance-first advantage. Its newly granted MiCA license, coupled with an existing MiFID II approval, outfits the exchange as a fully-regulated contender against established incumbents in the bloc.

Summary

  • Gemini secures a MiCA license from Malta, granting EU-wide market access across 27 member states and EEA countries.
  • The approval, alongside Gemini’s MiFID II license, positions the exchange as a fully regulated competitor in Europe.

According to an official announcement on August 21, the crypto exchange Gemini has secured a MiCA license from the Malta Financial Services Authority. The regulatory green light grants the Winklevoss twins-founded company a passport to offer its suite of services, including custody and trading, across all 27 European Union member states, plus several additional jurisdictions in the European Economic Area.

BIG news! Gemini has received its MiCA license 🇪🇺

This approval marks a major step forward, allowing us to bring trusted and regulated crypto access to over 30 European countries. pic.twitter.com/5q3B4vvmiR

— Gemini (@Gemini) August 21, 2025

The approval, confirmed in the MFSA’s official registry, streamlines Gemini’s expansion from a nation-by-nation grind to a single, bloc-wide deployment. For the EU, it is a sign that heavyweight exchanges are willing to play by its rulebook, presenting a test case for whether clear regulation can deliver both growth and guardrails in an industry that has often thrived in legal gray zones.

A license that completes Gemini’s regulatory arsenal

This MiCA authorization arrives just months after Gemini secured a critical Markets in Financial Instruments Directive (MiFID II) license in May. That earlier approval authorized the exchange to offer derivative products to European clients.

The combination of the MiFID II and MiCA licenses can be seen as the “gold standard” for EU operation, transforming Gemini from a basic crypto service provider into a fully-compliant, multifaceted trading venue capable of handling a complex array of digital asset products.

Capitalizing on its MiFID II status, Gemini rolled out tokenized stocks for European users in late June. These blockchain-based tokens, which represent shares of traditional equities and trade nearly around-the-clock, represent the exact type of innovative financial product the EU hopes to cultivate under its new regulatory regime.

Additionally, this expansive European push coincides with the Gemini’s broader ambitions; the exchange recently took concrete steps toward an initial public offering, hiring Goldman Sachs, Morgan Stanley, Cantor, and Citigroup to lead the process.

Why Gemini is betting on MiCA

Gemini’s leadership has expressed not just compliance with, but genuine enthusiasm for, the MiCA framework. The regulation, which fully applies to crypto asset service providers this December, represents the world’s first comprehensive attempt to harmonize digital asset rules across a major economic bloc.

For an exchange that has long championed “regulation as a growth driver,” MiCA provides the legal certainty required to deploy products and services at scale without navigating a patchwork of conflicting national laws.

“We believe that clear regulation of the industry is the foundation of global crypto adoption, and MiCA’s implementation has proven that Europe is one of the most innovative and forward-thinking regions regarding this,” Mark Jennings, Gemini’s Head of Europe, said in a statement.

Gemini’s approval places it among a small vanguard of exchanges to receive the MiCA nod from the Malta Financial Services Authority. According to the official MFSA registry, it joins just four other crypto asset service providers: Bitpanda, Crypto.com, OKX, and ZBX.





Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Why VivoPower Wants Ripple Shares at a Discount to Its XRP Holdings

by admin August 21, 2025



In brief

  • Ripple’s shares trade at a discount to its XRP holdings
  • VivoPower is trying to buy them for discounted XRP exposure.
  • The shares aren’t owned by Ripple itself, a person familiar with the matter said.

Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect that, according to VivoPower advisory board member Adam Traidman.

As a private company, Ripple’s shares have less liquidity than they would on a stock exchange, so the company’s share price is primarily determined across individualized deals—often at a discount to the value of Ripple’s unmatched XRP holdings—he told Decrypt on Tuesday.

“It has historically been really challenging for Ripple to keep great employees because there is no liquidity,” said Traidman, who previously served on Ripple’s board of directors and as CEO of SBI Ripple Asia, a joint venture with the Japanese financial conglomerate SBI Holdings.

Ripple shares do have liquidity on private markets like Forge. But they are limited to accredited investors. Ripple shares changed hands around $114 on Tuesday, but it can take up to 60 days for trades to be completed, depending on the negotiating process.

Decrypt reached out to Ripple for comment.



Tender offers from Ripple have also provided its current and former employees with some degree of liquidity in the past, but with digital asset treasury firms being established for nearly every popular cryptocurrency—from Dogecoin to Tron—VivoPower has recently emerged as another potential buyer, seeking Ripple equity as a way to augment its XRP-buying strategy.

On Thursday, VivoPower shares fell to around $5.26, according to Yahoo Finance. The Nasdaq-listed firm’s share price has rallied nearly 300% year-to-date; however, the company’s stock has struggled to surpass a recent high of $8.88 in late May.

The company said earlier this month that it is acquiring $100 million worth of privately held Ripple shares at a $19 billion valuation. Without considering the value of Ripple’s business or RLUSD stablecoin, VivoPower said the deal would effectively give it exposure to XRP at an 86% discount compared to the cryptocurrency’s current market price.

Ripple didn’t pay a dime for its XRP stockpile, but based on the company’s valuation, VivoPower said that it would effectively be buying XRP at $0.47 per token at the time.

Ripple-linked wallets controlled roughly 42 billion XRP on Thursday, according to XRP Scan. On paper, those tokens were worth $121 billion, according to crypto data provider CoinGecko.

XRP Ledger co-founders gifted Ripple 80 billion XRP in the network and company’s early days. Most of the remaining funds–totaling 38 billion XRP worth $112 billion, as of October–are held in escrow to “provide predictability to the XRP supply,” according to XRP Ledger’s website.

VivoPower co-founder and Executive Chairman Kevin Chin learned about the opportunity to purchase Ripple shares at a confab in Singapore in June, he told Decrypt. What followed was a nearly two-month period of due diligence, he added.

“Ripple themselves are the largest holders [of XRP], largely in escrow, and demonstrated over more than 10 years that they’re very disciplined in how that gets released into the market,” he said. “So we got very comfortable.”

A person familiar with the matter told Decrypt that the shares that VivoPower is trying to purchase are not owned by Ripple itself.

VivoPower waited until the U.S. Securities and Exchange Commission’s years-long legal battle with Ripple was over before making the deal public. The withdrawal of the SEC’s appeal, and Ripple’s cross-appeal, finalized a $125 million penalty against Ripple earlier this month.

VivoPower estimated this month that its investment in Ripple would reflect exposure to 211 million XRP. VivoPower unveiled its XRP treasury strategy in late May, pivoting away from sustainable energy, but it does not share its XRP holdings on its website.

Traidman said that VivoPower is working on a transparency page to show its XRP holdings that’s “cryptographically provable independently from the XRP ledger,” but acknowledged that may not be possible with Ripple’s shares, if the company is able to buy them.

“That’s not on the blockchain, so we can’t prove it. But at least on the website, we will transparently state how much we have,” he said.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
CoinDesk News Image
NFT Gaming

State Street, J.P. Morgan Complete $100M Tokenized Debt Deal

by admin August 21, 2025



State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan’s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian.

The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), a Singapore-based banking group, according to a Thursday press release.

State Street Investment Management, the bank’s asset management arm, purchased the debt. J.P. Morgan Securities acted as placement agent.

The move comes as traditional finance heavyweights and global banks are getting increasingly involved in tokenization of financial instruments, or real-world assets (RWA), placing bonds, funds and credit on blockchain rails. The process promises operational benefits such as increased efficiency, faster and around-the-clock settlements and lower administrative costs.

The tokenized asset market could grow could balloon in the next few years, though projections vary from McKinsey’s $2 trillion by 2030 to Ripple and BCG’s almost $19 trillion by 2033.

By joining JPMorgan’s blockchain platform, State Street can now offer clients custody of tokenized debt securities without changing its traditional servicing model.

In this particular case, State Street manages client holdings in a digital wallet directly connected to JPMorgan’s system, eliminating manual steps in settlement and recordkeeping. The infrastructure supports delivery-versus-payment settlement, with the option for same-day (T+0) settlement, and automates corporate actions such as interest payments and redemptions through smart contracts.

“This launch reflects a meaningful step forward in our digital strategy — where we manage a digital wallet on-chain and lay the groundwork for interoperability across blockchain networks,” Donna Milrod, State Street’s chief product officer, said in a statement.

The bank pursued initiatives to tokenize a bond and a money market fund, Milrod said in October. The firm also selected Switzerland-based Taurus as a tokenization partner.

Read more: DBS Launches Tokenized Structured Notes on Ethereum, Expanding Investor Access



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
Cardano (ADA) Price Prediction for August 21
NFT Gaming

Cardano (ADA) Price Prediction for August 21

by admin August 21, 2025


The rates of most of the coins are going up today, according to CoinStats.

ADA chart by CoinStats

ADA/USD

The rate of Cardano (ADA) has gone up by 2.67% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of ADA has made a false breakout of the local support of $0.8607. However, if a bounce back does not happen by the end of the day, the correction may continue to the $0.85 zone.

Image by TradingView

On the daily time frame, the rate of ADA is within yesterday’s bar, which means neither bulls nor bears are controlling the situation. 

You Might Also Like

Such a statement is also confirmed by the falling volume. All in all, traders are unlikely to see sharp moves soon.

Image by TradingView

From the midterm point of view, the picture is similar. As the price is far from the main levels, one should focus on the closest area of $1. If it breaks out, the upward move may continue to the $1.10-$1.20 range.

ADA is trading at $0.8642 at press time.



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
XRP ETF Ripple
NFT Gaming

Market Expert Shakes Off SEC’s Delay Of XRP ETFs, Gives Timeframe For Approval

by admin August 21, 2025


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

The wait for an XRP exchange-traded fund (ETF) in the United States just got longer, but one leading market expert is not worried. The SEC recently postponed its decision on several spot XRP ETF applications, extending deadlines into October. Even so, Nate Geraci, President of The ETF Store, believes approval could come soon. Instead of seeing the delay as a setback, Geraci sees it as a sign that the regulatory groundwork is almost complete.

XRP ETFs Could Arrive Within 60 Days Amid SEC Delays

Geraci shared his outlook after the SEC pushed back its ruling on the 21Shares Core XRP Trust. The regulator had until August 20 to decide, but instead gave itself another 60 days, moving the deadline to October 19, giving time for reviewing public comments and addressing regulatory concerns under the Securities Exchange Act of 1934.

The postponement affects not just 21Shares but also other major firms waiting on XRP ETF decisions. Companies such as Grayscale, Bitwise, WisdomTree, Canary Capital, CoinShares, and Franklin Templeton all have applications under review. If the current schedule holds, the SEC will issue decisions in a tight window. Grayscale’s filing could see a ruling on October 18, followed by 21Shares on October 19, Bitwise on October 20, and Canary Capital and WisdomTree between October 24 and 25.

Market observers expect the SEC to handle these applications consistently, just as it did with earlier ETF approvals. Even with the delay, Geraci is still confident. In a post on X, he said that the “spot crypto ETF floodgates appear set to open in the next two months.” He explained that the framework for these funds is “nearly ready,” suggesting that the postponement is more of a formality than a real roadblock. 

Regulatory Shifts Signal Fast-Tracked Crypto Adoption

Geraci’s optimism for the XRP ETF approval ties to larger changes happening in U.S. financial regulation. He noted that the country is “nearly ready” for more spot crypto ETFs, with Ethereum staking approval expected soon and the Clarity Act under review in the Senate. He also said that the rest of the year “should be wild” as new rules for digital assets begin to take shape.

He shares the same view as Fed Governor Michelle Bowman, who spoke at the Wyoming Blockchain Symposium, saying change is coming and asked banks and regulators to be more open to new tech. She argued that banks should not cling to an overly cautious approach, since doing so could cause the U.S. to fall behind in the global race for financial innovation.

Bowman also said that regulation and innovation do not have to work against each other. In her words, the US must choose to lead the future of finance or risk falling behind. Congress has already passed the GENIUS Act, which sets rules for stablecoins. Industry participants are watching the Senate’s Digital Asset Market Clarity Act, which may split oversight between the SEC and the CFTC. 

Price fails to reclaim $3 | Source: XRPUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
XRP momentum stalls as SEC delays 21Shares XRP ETF decision
NFT Gaming

rally to $5 likely as RLUSD nears $700m milestone

by admin August 21, 2025



XRP price remained in a local bear market this week after plunging by 20% from its highest point this year. 

Summary

  • XRP price has crashed by 20% from its highest level this year. 
  • The Ripple USD stablecoin is nearing $700 million market cap.
  • Technical analysis points to more gains, potentially to $5. 

Ripple (XRP) token was trading at $2.90 on August 21, but the ongoing stablecoin growth and bullish technicals indicate an eventual rebound to $5 and beyond. 

Ripple USD is nearing a $700 million milestone 

One potential catalyst for the XRP price is that its stablecoin growth is accelerating. CoinMarketCap data shows that Ripple USD (RLUSD) has attained a market capitalization of over $666 million, much higher than the $527 million it had in the same period last month.

This growth has made it the third-largest stablecoin regulated in the United States, after USD Coin (USDC) and PayPal USD. The momentum will likely surge now that the US has passed the GENIUS Act.

More data shows that individuals and institutions are using RLUSD. According to Artemis, the number of transactions in the last 30 days jumped to 413,000, while the transaction volume rose by 53% to $2.7 billion.

One of these transactions was on the recent Bullish IPO. Unlike other companies going public, Bullish opted to receive its funds using a combination of stablecoins, including RLUSD. Stablecoins are faster and more cost-effective than other options.

There is a likelihood that the RLUSD stablecoin will be used in the upcoming Gemini IPO. Ripple Labs recently extended a $75 million credit line to the company, in a deal that likely involved RLUSD.

XRP price will likely benefit from the ongoing RLUSD stablecoin growth because it will lead to more activity in the XRP Ledger, attracting fees. 

The other potential catalyst for the XRP price is that the SEC will likely approve the ten ETFs that have been filed by companies like Franklin Templeton and Bitwise.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily timeframe chart shows that the XRP price has moved downward in the past few weeks. It has crashed from a high of $3.6553 on July 18 to the current $2.88.

The ongoing pullback is part of the handle section of the cup-and-handle pattern whose depth is about 52%. Therefore, measuring the same distance from the cup’s upper side points to an eventual surge to above $5. 

The bullish view is supported by the fact that it has remained above the 50-day and 100-day moving averages. 



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
  • 1
  • …
  • 97
  • 98
  • 99
  • 100
  • 101
  • …
  • 108

Categories

  • Crypto Trends (1,098)
  • Esports (800)
  • Game Reviews (772)
  • Game Updates (906)
  • GameFi Guides (1,058)
  • Gaming Gear (960)
  • NFT Gaming (1,079)
  • Product Reviews (960)

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5
  • The 10 Most Valuable Cards

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada

    October 10, 2025
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5

    October 10, 2025
  • The 10 Most Valuable Cards

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close