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Major XRP Ledger Amendment to Officially Launch in Hours: Details
GameFi Guides

Major XRP Ledger Amendment to Officially Launch in Hours: Details

by admin September 3, 2025


XRP Ledger is set to welcome a major amendment in the coming hours. According to Vet, the Credentials amendment on XRP Ledger is set to activate in hours. Credentials can be applied to attest to a compliance requirement such as KYC and AML for a user/institution and issued to their Decentralized Identity.

The credentials amendment has received 28 out of 35 votes (82.86%) and is expected to activate Sept. 4, 2025, 3:51:21 a.m. UTC.

In 15 hours the Credentials amendment on the XRP Ledger will be active.

Credentials can be applied to attest a compliance requirement like KYC and AML for a user/institution and issued to their Decentralized Identity.

All natively on the XRP Ledger.

That’s today’s Alpha. pic.twitter.com/6RbKVpq9Pd

— Vet 🏴‍☠️ (@Vet_X0) September 3, 2025

According to XRP Ledger documentation, Credentials represents a set of tools for managing authorization and compliance requirements using XRP Ledger and adds three new transaction types for managing credentials. These are CredentialCreate transaction, which creates a credential in the ledger; CredentialAccept transaction, which accepts a credential issued, and CredentialDelete transaction, which deletes a credential from the ledger.

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Among other things, Credentials modifies an existing transaction type, adds a new field to several existing transaction types, adds a new type of ledger entry, modifies an existing type of ledger entry and also allows lookup of Credential entries.

In the past week, three amendments, fixAMMv1_3, fixEnforceNFTokenTrustlineV2 and fixPayChanCancelAfter, were activated on the XRP Ledger mainnet.

XRP up 400%

According to CoinGecko data, XRP is up 400% on a one-year basis. In terms of percentage gain, XRP surpasses that of lead cryptocurrencies Bitcoin and Ethereum, which posted yearly returns of 88% and 73%, respectively.

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At the time of writing, XRP was trading 1.61% higher in the last 24 hours to $2.87 as the broader crypto market revived bullish momentum after an earlier drop at September’s start. XRP fell for six straight days before rebounding from Sept. 1 low of $2.69. XRP recovery reached an intraday high of $2.88 on Thursday, with traders now watching for what comes next.

On the upside, immediate resistance lies at the daily SMA 50 at $3.09, $3.38 and $3.66. If these hurdles are cleared, XRP might aim for $4 next. Major support remains at the daily SMA 200 at $2.48 in the event of a drop.





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September 3, 2025 0 comments
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Promotional images of Lego Voyagers.
Gaming Gear

I could look at Lego Voyagers for hours, but that’s not the only reason why this co-op adventure might be the next Split Fiction

by admin September 1, 2025



A spiritual successor to the excellent Lego Builder’s Journey, Lego Voyagers takes the serene puzzle action of its predecessor to new heights with a focus on two player co-op play. A celebration of friendship and creativity, I went hands-on with roughly half an hour of the game as part of an early preview session ahead of Gamescom 2025 and enjoyed every second.

For starters, it’s easily one of the best-looking Lego games ever made – capturing the look and feel of the popular building toy perfectly. Its world is crafted entirely from real-life Lego pieces, rendered with loving attention to detail. The way that tiles fit together with a tiny visible gap or at slightly uneven angles is not only impressively realistic, but lends the world a pleasantly tactile appearance.

It’s life-like, but beautiful too. Everything is bathed in soft atmospheric lighting that bounces off the plastic surface to give it an almost dream-like glow that’s incredibly warm and cozy. Even those with no affinity for Lego will be able to appreciate that Voyagers is one stunning game.


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1×2

(Image credit: Annapurna Interactive)

You and your companion play as tiny little bricks (part 3005 for all the real Lego pros out there), complete with a cute animated eye. These unassuming protagonists are simply adorable, cutely rolling around the screen like characters from a stop-motion animation.

Rather than speaking, your character sings, triggered by the press of a button, adding to the gentle and melodic background music and occasionally helping you solve the many puzzles.

Like Builder’s Journey, this is ultimately a game about the joy of getting from A to B, so your objective is simply figuring out how to progress. You can attach yourself to almost any visible stud (that’s the round bit on the top of a Lego brick) in the game with a satisfying click, so it’s sometimes as easy as jumping between a few exposed points up the side of your obstacle.

There are more complex encounters, too, that require attaching yourself to loose bricks. Once stuck, you can roll around with them for easy transport, then hold a key to place them in order to construct bridges or towers.

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As this is a co-op-only experience, you can expect lots of moments where teamwork is a necessity. One puzzle, for example, had my co-op partner triggering catapults to send valuable bricks my way, while another had them activating switches to keep vital platforms accessible.

If you’ve tried the likes of Split Fiction or It Takes Two, then you know roughly the kind of design to expect here, and I certainly felt that it scratched my itch for a new co-op adventure. As with those games, Lego Voyagers will feature a Friend’s Pass system in addition to full local co-op that lets a buddy join your game at any time for free.

(Image credit: Annapurna Interactive)

There are plenty of diversions along the way, too, clearly intended to evoke feelings of companionship. I never thought I would get emotional over two plastic bricks sitting on a swing staring into the sunset, but the excellent presentation means that it’s surprisingly poignant and effective.

This is on top of a host of amusing and creative ways to interact with the world, such as bizarre-looking flowers that shoot up into the air like a firework as you brush past, the little bucket piece you can wear as a hat, or being able to stick yourself to the scuttling crabs represented by red horizontal clip tiles – look up Lego piece 60470 and you’ll see the vision!

Although I ultimately didn’t get to see much of the world in my brief preview session, there’s something surprisingly somber about it. The areas you explore are full of industrial debris, abandoned train tracks, and hints of something much larger than you.

It’s all very mysterious, and I’m eager to see whatever Lego Voyagers has in store for me and a friend when it launches for PlayStation, Xbox, Nintendo Switch, and PC on September 15.

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September 1, 2025 0 comments
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man looking upset next to Three Kingdoms Kill Online gameplay
Esports

Man in China goes viral after sitting in the rain for hours analyzing a chess match

by admin August 31, 2025



A man in the Hebei providence, an area of Northern China, has gone viral for losing a match of Xiangqi. The match isn’t what made him go viral, though. It’s what he did after.

Xiangqi is one of the most popular board games in both China and Vietnam and has been played for centuries. It’s often called Chinese chess or Elephant chess due to a number of similarities between both games. They’re both difficult for their own reasons.

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Chess grandmasters have gone to great lengths and committed years of their lives to perfecting their craft. The same is true for Xiangqi, as was shown by one man who spent hours thinking about a match while sitting in the middle of a massive storm.

Chinese man goes viral for analyzing Xiangqi match

After losing at around 5pm, the man could be seen urging his competitor to come back to the table after the match in a video from the South China Morning Post.

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Footage shows him sitting there for four hours, with the table looking almost the same as he left it. He was moving the pieces around in stages, moving them back to how he lost.

And, while this may seem ridiculous to some, others have spoken out about his level of dedication and could relate with his feelings.

Chess grandmaster Hans Niemann recounted a time where he had similar feelings, sitting in the rain for hours after a tough loss.

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“In 2019, I was leading the U16 World Youth championships in Mumbai, got food poisoning, lost 3 games in a row. I laid by the pool and it started raining. Then it started thundering, some of my friends tried to drag me inside but I stayed there for hours,” he claimed.

It’s hard to say whether or not the man figured out why he lost the match, but his dedication hasn’t gone unnoticed.

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August 31, 2025 0 comments
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Mei and Snowball in Overwatch
Product Reviews

The combined fury of angry Overwatch players forced Blizzard to reverse a change it made less than 72 hours ago: ‘We’re grateful to everyone who tried it out and shared feedback’

by admin August 29, 2025



Countless Reddit threads and social media posts piled up this week strongly criticizing Blizzard’s decision to add a MOBA-style draft system to Overwatch 2’s popular Stadium mode. Specifically, players were against the removal of mirror matchups where both teams can play as the same heroes.

The response in the last few days, following the launch of the new season, has been so overwhelmingly negative that Blizzard has abandoned the system less than 72 hours after implementing it. The draft mode will stay, but mirror matchups are allowed again.

“We’re grateful to everyone who tried it out and shared feedback,” game director Aaron Keller wrote on X. “As a team, one of our goals is to make the game that you want to play. This involves listening, responding, and taking those desires into account.”


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Keller says the team is “still invested in creating new and unique features” but acknowledges that “not everything is just right each time.” “That doesn’t mean we’ll stop trying to innovate,” he added, “but that we’ll adapt and iterate as quickly as we can when something doesn’t land the way we want.”

What was pitched as a system to help you strategically pick your heroes in a mode where you can’t swap mid-match quickly became a reason for people to not play it all. Players argued that Stadium’s limited hero pool (compared to normal OW modes) didn’t support such a severe restriction on your hero picks. It also seemed to defeat the purpose of the mode in the first place, which is to use a set of unique powers and items to build your character over the course of a match.

Hey everyone! We’ve just disabled the mirrored Hero restriction in Stadium Draft . You’ll be able to draft any Hero you’d like, even if the enemy team has already selected them. 1/4August 28, 2025

MOBAs like League of Legends—where drafting is a common feature—work because they have over a hundred heroes to choose from. The point is to keep teams from playing the exact same heroes every single match once a popular meta forms. Stadium, however, only has 21 heroes available.

“We have six supports. SIX. You can lose access to half your role before you even get a turn,” Reddit user Pizzabro200 wrote.

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“There is nothing to be gained from drafts,” Reddit user anarchistbuzzwords said. “It only serves to force counter picking and prevent you from playing the hero you went in wanting to play.”

By removing the mirror matchup restriction, counter-picking heroes is now optional—which is, frankly, how it should’ve been in the first place. Not everyone wants to make pivotal decisions on the hero selection screen, especially in a mode all about adapting on the fly.

To Blizzard’s credit, it’s repeatedly said Stadium will be a mode full of experiments. It’s been steadfast in regularly tweaking and replacing various aspects of the mode since it launched. Even if drafts were a miss, it’s at least nice that we didn’t have to put up with them for an entire season, and that it was willing to flip the switch in the same week it introduced it.

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August 29, 2025 0 comments
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NFT Gaming

Nvidia Tops Estimates, Stock Falls in After Hours on China Export Headwinds

by admin August 28, 2025



In brief

  • Nvidia beat Q2 estimates with $46.7B in revenue and $1.05 adjusted EPS, driven by strong Blackwell chip sales.
  • Shares fell 3.4% after the company disclosed zero H20 chip sales to China due to tightened U.S. export controls.
  • The muted reaction also reflects investor concerns over geopolitical risk and slowing sequential growth in data center sales.

Nvidia reported stronger-than-expected second-quarter results on Wednesday, extending its run as the world’s dominant supplier of AI semiconductors.

Yet shares tumbled in extended trading after the company confirmed that it sold no H20 chips to China during the period, reviving concerns over export restrictions and geopolitical risk.

The disclosure sent Nvidia’s shares down 3.4% to $176 in after-hours trading, as investors weighed the near-term impact of the regulatory backdrop on one of its key markets.



Revenue for the three months ended July 27 rose to $46.7 billion, Nvidia reported, up 6% from the prior quarter and 56% higher than a year earlier. Analysts had expected roughly $46 billion.

Net income surged to $26.4 billion, or $1.08 per diluted share, while adjusted earnings reached $1.05 a share, exceeding a $1.02 consensus.

Data center sales, which accounted for 88% of total revenue, hit $41.1 billion, boosted by a 17% sequential gain in Blackwell chip shipments.

Still, the 5% quarter-over-quarter jump did little to appease investors, adding to pressure on Nvidia’s stock.

CEO Jensen Huang remained upbeat, labelling Blackwell “the AI platform the world has been waiting for,” and pointed to growing adoption across hyperscalers, government partnerships, and sovereign model developers, according to a statement on Wednesday.

But the bullish tone was tempered by Nvidia’s confirmation that it recorded no H20 sales to China during the quarter. 

The company revealed that it had diverted $650 million in H20 chips, initially intended for China, to a non-restricted customer abroad, unlocking a $180 million inventory reserve. 

The H20 was previously designed to comply with U.S. export rules, but updated licensing requirements imposed in April 2025 effectively hindered sales into the Chinese market.

The move followed Washington’s tightening of AI chip controls, which now require export licenses for high-performance semiconductors destined for China in a policy move aimed at curbing Beijing’s access to advanced computing power for military and surveillance use.

While the numbers suggest continued strength in AI infrastructure demand, the muted stock reaction indicates that investors are becoming increasingly sensitive to macroeconomic risks, particularly the uncertain trajectory of U.S.-China trade policy.

Looking ahead, Nvidia expects Q3 revenue of $54 billion with gross margins forecast at 73.5%. 

The board has also approved a $60 billion expansion of Nvidia’s share repurchase program in a bid to return capital to shareholders. A $0.01 dividend is scheduled for October 2.

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August 28, 2025 0 comments
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XLM/USD (TradingView)
Crypto Trends

XLM Crashes Through Support as Volume Doubles in 24 Hours

by admin August 26, 2025



Stellar’s native token XLM faced intense pressure over the past 24 hours, plunging from a session high of $0.398 to a low of $0.380. The 5% swing unfolded amid heavy sell-side activity, with the most dramatic capitulation striking on Aug. 25 at 19:00 UTC, when prices tumbled from $0.393 to $0.387. That move coincided with a surge of 46.16 million tokens changing hands—well above the daily average—effectively locking in $0.393 as a formidable resistance zone.

The selloff reached its peak just an hour later as XLM tested the $0.380 support level on unprecedented trading volume of 95.27 million tokens, confirming the level as a critical line of defense for bulls. Despite the pressure, the token rebounded into the close, clawing back to $0.389 by the end of the session and underscoring the resilience of buyer demand at the $0.380 floor.

Market sentiment is being shaped by broader developments as well. A recently filed U.S.-based crypto ETF aims to spotlight homegrown digital assets, including Stellar, potentially opening the door to new waves of institutional capital. At the same time, technical patterns suggest that XLM is coiling beneath a major resistance level near $0.50, with traders eyeing the possibility of a breakout if momentum shifts back to the upside.

Intraday trading action highlighted this tension. Between 07:20 and 08:19 UTC on Aug. 26, XLM navigated a narrow band between $0.387 and $0.392, logging a modest 0.18% gain from its session open. The brief rally to $0.392 was powered by bursts of high-volume buying, but profit-taking capped momentum. With volumes surging 115% on the day to $402 million, the clash between heavy selling pressure and potential whale accumulation remains the defining narrative for Stellar’s near-term trajectory.

XLM/USD (TradingView)

Technical Indicators Analysis
  • Price battlefield: $0.018 representing a brutal 5% war zone from $0.398 maximum to $0.380 minimum during the 24-hour combat period.
  • Volume nuclear explosion: 95.27 million units detonating at $0.380 support bunker, 115% above average trading ammunition.
  • Resistance fortress: Impenetrable wall established at $0.393 with 46.16 million unit volume confirmation artillery.
  • Support stronghold: Mission-critical demand fortress confirmed at $0.380 with massive volume validation firepower.
  • Recovery offensive: Systematic advance toward $0.389 following support test with strategically decreasing volume.
  • Intraday chaos: 5% volatility range indicating extreme market warfare and institutional battle activity.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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August 26, 2025 0 comments
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3,019,050,686,372 Shiba Inu (SHIB) in 24 Hours: Recovery Around Corner?
NFT Gaming

3,019,050,686,372 Shiba Inu (SHIB) in 24 Hours: Recovery Around Corner?

by admin August 24, 2025


  • Shiba Inu capital flow
  • Support holding up

Shiba Inu’s on-chain activity is certainly not stagnant, as the current structure shows. In the last day, more than 3 trillion SHIB tokens were exchanged, demonstrating that despite the asset’s recent price difficulties, demand for it is still high.

Shiba Inu capital flow

SHIB has previously achieved single-day transaction volumes exceeding 10 trillion tokens, which implies that the current level of network activity is significantly below the asset’s upper limit. Token transfers have noticeably increased, according to on-chain data, suggesting that capital is being circulated and moved again.

SHIB/USDT Chart by TradingView

Such a spike frequently occurs in tandem with changes in sentiment, either indicating the beginning of a recovery or the readiness of larger market players to make a move. Compared to the slower times earlier this summer, the uptick indicates healthier network dynamics even though it is not yet a clear bullish confirmation. The asset is still within a narrow consolidation range, according to SHIB’s price chart.

Support holding up

The 100 EMA and rising support line are holding the downside while the price is currently trading just below the 50 EMA, which has served as short-term resistance. This results in a narrow wedge-like structure where once the price decides on a direction, volatility may increase noticeably. SHIB might try to retest resistance levels around $0.0000135 and possibly $0.0000144 if the on-chain activity results in increased buying pressure.

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By reviving momentum for a larger rally, clearing these areas would pave the way for a more comprehensive recovery. Conversely, if the rising support around $0.000012 is not maintained, SHIB runs the risk of retracing further, which could postpone any recovery story. SHIB’s continued strong network-level resilience is the main lesson for investors.

The asset has the potential to shock markets with unexpected spikes in volatility given transaction volumes in the trillions. Although the timing will depend on whether this surge translates into sustained demand, the current combination of technical support and increasing on-chain movement indicates that recovery is a realistic possibility.



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August 24, 2025 0 comments
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A few hours into The Rogue Prince of Persia's 1.0 release, it's Dead Cells with beautifully balletic carnage - but hopefully there's a bit more to it
Game Reviews

A few hours into The Rogue Prince of Persia’s 1.0 release, it’s Dead Cells with beautifully balletic carnage – but hopefully there’s a bit more to it

by admin August 23, 2025



Our pal the Prince of Persia has been through a lot since his seminal debut in 1989, his form ever-shifting like, well, the sands of time. But throughout it all, from his eye-popping rotoscoped origins to his leap into the third dimension, and then, over the last few years, back into the side-on world again, there’s one thing that’s consistently defined the series’ core: movement. Sure, old Prince was positively plodding compared to his later incarnations, but a sense of unparalleled fluidity has stayed true. I say all this, because The Rogue Prince of Persia, which has just had its 1.0 release on PC, Xbox, PlayStation, PlayStation Plus, and Game Pass after a year in Steam early access, still manages to feel like part of the series’ nearly four-decade legacy, despite yet another reimagining of its form.


It’s admittedly still early days for me as far as The Rogue Prince of Persia goes, and I’ve only had a couple of hours with it right now – but already I’m impressed with how chef’s kiss its movement feels. Before we get too deep into that, though, it’s worth taking a step back. The Rogue Prince of Persia, if you didn’t already know, comes from Evil Empire, the studio responsible for the acclaimed Dead Cells’ long tail of post-launch support before original developer Motion Twin pulled the plug. And there’s unquestionably a lot of the old in Evil Empire’s new.


The Rogue Prince of Persia might swap Dead Cell’s dark, dank fantasy aesthetic for the shimmering domes and arid vistas of the titular city – here, you’re attempting to overthrow Nogai the Hun and his invading army – but at its core, it’s still a combat-heavy side-scroller featuring labyrinthine procedurally assembled levels, persistent power-ups, temporary per-run weapons and buffs, and, yes, a roguelike structure. You fight, you die, you go again, slowly gaining news skills and upgrades in the hope that next time, this time, will be the one. It’s certainly not a carbon copy, but it’s familiar enough – right down to specifics like its fast-travel interface – that it’s been hard to shake the feeling that, as a Dead Cells fan, I’ve already danced this particular dance a few too many times before.

The Rogue Prince of Persia release trailer.Watch on YouTube


Exactly how much that matters, though, I’m not yet entirely sure. And mainly that’s down to movement. As is befitting of the series’ legacy, The Rogue Prince of Persia feels fantastic from the off, with a sense of fluidity to the Prince’s parkour-inspired moveset that’s bordering on the sublime. He’s a nimble one; slickly switching from leaps to lunges to wall runs to pole jumps with fleet-footed abandon, and all with the press of a couple of intuitively arranged buttons. And it’s fast. There’s a rhythm to the traversal-skewed action, as you sprint, drop, squat, pounce, slash, and vault over enemies, that – after a bit of initial adjustment – is enormously rewarding. And shrewedly, actually rewarding, given that perfectly timed acrobatics further increase your nimbleness across the world.


That gratifying sense of movement extends to combat too, with melee and ranged attacks managing to feel as punchy and crunchy as the Prince is quick. And the way all those traversal tricks cleverly fold into combat encounters helps give The Rogue Prince of Persia a vibe of its own. All of this, I should note, is wrapped up in some fantastic presentation. It’s gorgeously animated for starters – little moments like the Prince hurling himself backward into each level’s fast-travel wells adds bags of personality to the experience – and the varied biomes look beautiful too. The whole thing’s fashioned from a mix of 3D foregrounds and 2D backdrops seamlessly brought together by a visual style reminiscent of famed comic book artist Moebius. And while you could perhaps argue the game’s original art – with its strikingly purple Prince – was a little more characterful before its mid-development do-over, it’s still a looker.


So a few hours in, my thoughts are mixed. There’s a sense Evil Empire could perhaps have stepped further out of Dead Cells’ shadow, because there’s an underlying familiarity to The Rogue Prince of Persia that’s dulling my enthusiasm a little. My hope, though, is it’ll eventually start to open out into something a little bolder. But for now at least, that movement – that beautiful balletic carnage – is carrying me through.



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August 23, 2025 0 comments
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3,477,149,925,825 Shiba Inu (SHIB) in 24 Hours: Growth Starts
NFT Gaming

3,477,149,925,825 Shiba Inu (SHIB) in 24 Hours: Growth Starts

by admin August 21, 2025


  • Healthy on-chain movement
  • Market’s reaction

The amount of 3,477,149,925,825 tokens was transferred across the network in the last day, according to a Shiba Inu blockchain explorer, highlighting the recovery of on-chain activity. A huge increase in transaction volume like this indicates greater involvement from larger institutions as well as retail holders, which could lead to increased market volatility.

Healthy on-chain movement

According to SHIB’s on-chain metrics, billions to trillions of tokens were transferred day by day, with a most recent uptick to three trillion. This suggests that the ecosystem is somewhat healthy and not experiencing any anomalies.

Source: Etherscan

Given that bulk transactions continue to be a defining characteristic of SHIB’s on-chain activity, large whale movements most likely also played a role. Price changes are typically preceded by active phases of accumulation or portfolio repositioning, as indicated by the magnitude of these movements.

Market’s reaction

Even with the surge in transactions, SHIB’s chart is not looking that great. Following several retests, the price is consolidating around $0.0000125 and holding onto an ascending support line. In contrast to the RSI, which is neither overheated nor oversold, moving averages continue to be compressed, indicating indecision.

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The on-chain surge has not been reflected in trading volume on exchanges, which begs the question of whether the majority of activity is repositioning or pure buying pressure. Price volatility usually occurs within weeks of a spike in SHIB’s on-chain volume.

Bullish momentum might resurface and push a test of the resistance zone between $0.0000135 and $0.0000141, if market participants perceive this as accumulation. Alternatively, if the rising trendline is broken, SHIB may return to the $0.000011 support.

SHIB is in a position that is not obvious for short-term investors and might not show enough traction for the future. Despite the bullish structural signal of the on-chain surge, there is currently no price confirmation. It is important for traders to keep a close eye on SHIB’s ability to convert volume growth into positive momentum.



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August 21, 2025 0 comments
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Bitcoin STH Capitulate: $5.69B In Losses Hit Exchanges In 48 Hours
Crypto Trends

Bitcoin STH Capitulate: $5.69B In Losses Hit Exchanges In 48 Hours

by admin August 21, 2025


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Bitcoin is trading at a critical support level after reaching a new all-time high of $124,500 before swiftly losing the $115K level in less than a week. The sudden reversal underscores the sharp rise in volatility, with bulls and bears locked in a battle for momentum. While some analysts argue that BTC could reclaim its highs in the coming days, others expect the market to cool off further, with consolidation potentially dragging the price into lower ranges.

Key insights from CryptoQuant analyst Maartunn reveal that Bitcoin just faced one of the heaviest loss-driven moves in weeks. Short-term holders (STHs) have been under pressure, with billions in BTC flowing into exchanges at a loss, signaling capitulation among speculative investors. Historically, such moments of intense selling either trigger deeper corrections or set the stage for recovery rallies, depending on how quickly markets absorb the supply.

For now, Bitcoin’s ability to stabilize above the $115K–$113K support zone will likely determine the short-term trajectory. If buyers step in aggressively, a rebound toward $120K+ could materialize. However, failure to defend current levels may leave BTC vulnerable to a deeper retracement before any attempt to retest its all-time highs.

Short-Term Holders Capitulate as Bitcoin Faces Pressure

According to CryptoQuant analyst Maartunn, Bitcoin’s short-term holders (STHs) are showing signs of serious capitulation. Over just two days, a staggering 50,026 BTC — worth approximately $5.69 billion — flowed from STHs to exchanges at a loss. This marks the deepest loss-driven move in more than a month, underscoring how quickly sentiment can shift in an overheated market.

Bitcoin STH P&L to Exchange Sum 24H | Source: Maartunn

STHs selling at a loss is a critical signal. Historically, these moments often align with market stress points where speculative investors exit positions under pressure. Bulls, however, are looking for a different outcome. They want this to represent a sharp flush-out of weak hands, followed by renewed accumulation and a swift price rebound. In this view, the sell-off would simply be a reset — a profit-taking event that clears the path for more sustainable gains.

If that fails to materialize, the risk grows that this episode could mirror the prolonged loss realization seen from late February through late May, when persistent capitulation dragged Bitcoin through an extended consolidation phase.

For now, bulls are defending the $115K region, but many analysts point to $110K as a decisive level. Losing that support could expose BTC to a deeper retracement, while holding it could provide the springboard for a renewed push back toward all-time highs.

BTC Price Analysis: Testing Key Moving Average

The 8-hour Bitcoin chart shows that BTC is under strong selling pressure after failing to hold above the $120K–$123K resistance area. The chart highlights multiple rejections at the $123,217 level, establishing it as a critical ceiling. After the most recent failed breakout attempt, price has sharply retraced, now trading around $113,486.

BTC testing critical demand | Source: BTCUSDT chart on TradingView

On the downside, BTC is testing the 200-period moving average (red line), currently sitting near $113,292. This zone has acted as a key support level in previous consolidations. If the price manages to defend this area, it could form a base for a potential rebound toward the mid-range levels around $117K–$118K. However, failure to hold this moving average would likely open the door for a deeper correction toward the $110K psychological level.

The 50-period (blue) and 100-period (green) moving averages are now above the price, acting as resistance, signaling a short-term bearish bias. Market structure suggests consolidation is underway, with momentum shifting toward bears.

Featured image from Dall-E, chart from TradingView

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.



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August 21, 2025 0 comments
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    October 9, 2025

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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.

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  • Battlefield 6 Review – Good Company

    October 9, 2025
  • BF6 Review: The first Battlefield game I can recommend without reservations

    October 9, 2025

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