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Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry

by admin August 21, 2025

Key takeaways:

Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry.
AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite.

A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or just a temporary pause. The drop to $112,100 on Thursday pushed Bitcoin to its lowest point in six weeks, intensifying bearish momentum ahead of the monthly options expiry.

Bullish Bitcoin strategies ill prepared for prices below $114,000

The $7.44 billion in open interest for call (buy) options stands 17% higher than the $6.37 billion in put (sell) contracts. Still, the actual outcome hinges on Bitcoin’s price at 8:00 am UTC on Aug. 29. Deribit dominates the market with an 85% share, followed by CME at 7% and OKX with 3%.

Bulls may have been overly confident, with some wagers set at $125,000 or higher. That optimism quickly eroded after Bitcoin’s decline, shifting momentum toward put instruments. Regardless of the rationale behind the recent BTC price correction, traders who opted for bullish strategies will likely come out disappointed.

Deribit options open interest for Aug. 29, BTC. Source: Deribit

Only 12% of call options were placed at $115,000 or below, leaving most out-of-the-money at current levels. By contrast, 21% of puts are positioned at $115,000 or higher, with significant clusters at $112,000. Thus, it is only natural to expect bears to continue negatively pressuring Bitcoin’s price ahead of the monthly expiry.

It might be too early to declare bullish options strategies entirely lost. Traders are awaiting comments from US Federal Reserve Chair Jerome Powell on Friday, as any suggestion of increased odds of rate cuts could support asset prices. Hotter-than-expected US jobless claims data on Thursday added to that anticipation, keeping macroeconomic uncertainty high.

Related: Why is Bitcoin crashing and will $112K be the final bottom?

US Federal Reserve and tech stocks could dictate Bitcoin’s outcome

Below are five probable scenarios at Deribit based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure.

Between $105,000 and $110,000: $210 million in calls (buy) vs. $2.66 billion in puts (sell). The net result favors the put instruments by $2.45 billion.
Between $110,100 and $114,000: $420 million calls vs. $1.94 billion puts, favoring puts by $1.5 billion.
Between $114,100 and $116,000: $795 million calls vs. $1.15 billion puts, favoring puts by $360 million.
Between $116,100 and $118,000: $1.3 billion calls vs. $830 million puts, favoring calls by $460 million.
Between $118,100 and $120,000: $1.7 billion calls vs. $560 million puts, favoring calls by $1.1 billion.

For bullish strategies to gain traction, Bitcoin would need to trade above $116,000 by Aug. 29. Yet, the most critical battle lies at $114,000, where bears are most motivated to push prices lower.

Ultimately, Bitcoin’s fate in the $13.8 billion monthly options expiry will be decided by broader macroeconomic trends, including investors’ discomfort with the artificial intelligence sector. Concerns deepened after Morgan Stanley warned that soaring spending could limit major tech firms’ ability to fund share buybacks, amplifying caution in equity markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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August 21, 2025 0 comments

GameFi Guides

Hyperliquid Takes 80% of DeFi Perps Market, Hits $30B Daily Volume

by admin August 21, 2025

Hyperliquid has become the star of decentralized finance by taking more than 80% of the perpetuals market and handling over $30 billion in trades every single day, according to a new report from RedStone

This rise happened in only one year, which is very fast for any crypto platform. RedStone, notes Hyperliquid is now competing with some of the largest centralized exchanges because of its speed, its design, and the way it helps builders.

One of the main reasons for this growth is Hyperliquid’s order book. Most decentralized platforms struggle to keep up with centralized exchanges, but Hyperliquid’s order book runs fully on-chain and still gives the same speed and fair pricing.

Another reason is due to HIP-3, which is described as Hyperliquid’s permissionless market creation system. This system allows anyone to create new markets without any requirement from a third party.

HIP-3 also shares revenue with developers, and in many cases, these developers earn even more than the protocol itself. RedStone explained that this has encouraged many builders to join, which has turned Hyperliquid into one of the most creative and active communities in decentralized finance.

Hyperliquid also uses a special design made up of HyperCore and HyperEVM. This setup lets users try new financial ideas, such as tokenized perpetual positions and strategies that balance risk. It also gives tools for better liquidity, which is very important for smooth trading.

“Hyperliquid is setting a new standard,” the RedStone report said. It added that the platform’s design and community-driven approach are opening “unprecedented opportunities for builders and institutions alike.”

Meanwhile, there are numbers to back this up. According to data from DefiLlama, Hyperliquid has more than $2.2 billion locked on its network. In addition to that, it has processed $330 billion in total trading volume in the past 30 days.

Hyperliquid TVL | Source: DefiLlama

What makes this story even more unusual is that Hyperliquid is not backed by large venture capital firms. Instead, it is run by a lean, self-funded team.

Also Read: Coinbase to List Trump-Backed USD1 Stablecoin

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August 21, 2025 0 comments

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.

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August 21, 2025 0 comments

Crypto Trends

Hyperliquid Whale James Wynn on Market Crash, ‘I Pray You Bought The Dip’

by admin August 20, 2025

James Wynn, dubbed one of the most aggressive leverage traders in the crypto industry, has dropped a bold opinion on the current market outlook. In a post on X, Wynn, a Hyperliquid whale, reinforced the accumulation and HODL mentality on the crypto market.

James Wynn’s bold Ethereum leverage position

Wynn, known for taking massive leveraged positions on assets despite market fluctuations, appears bullish in his post.

The crypto trader stated, “I pray you bought the dip. If you sold it, you are one pathetic jeet, who simply does not deserve any financial success.”

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The message in Wynn’s post triggers optimism for future market conditions. He might have insight into a possible market turnaround that could see prices going through the roof soon. Wynn’s emphasis on “buying the dip” indicates that crypto assets could record massive gains soon, creating a point of entry for those who did not buy more difficult.

I pray you bought the dip.

If you sold it you are one pathetic jeet.

Who simply does not deserve any financial success.

Regards,
J.Wynn 🫡

— James Wynn (@JamesWynnReal) August 20, 2025

The aggressive trader was critical of investors who panicked and sold at a loss when the market crashed. He believes they will miss out on future gains when the price recovers.

Wynn, who has been silent in the crypto space for a while now, recently returned with a 25x leveraged position on Ethereum. The crypto trader’s leveraged long position is set with a liquidation price of $4,152.8.

While this liquidation price is significantly risky due to Ethereum’s volatility, Wynn has always been aggressive with his bets.

Crypto community reacts to Wynn’s market outlook

As of press time, Ethereum is changing hands above its set price at $4,228.91, despite being down by 0.1% in the last 24 hours.

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Similarly, Hyperliquid is trading down by 0.44% at $41.88 in the same time frame. However, investors and traders are active on the market, with trading volume significantly up by 18.05% at $239.88 million.

Meanwhile, users in the crypto space have reacted positively to Wynn’s message. They acknowledged the need to always take advantage of market dips to increase holdings for profitability.

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August 20, 2025 0 comments

NFT Gaming

Market Observers Say Bitcoin’s Structure Looks Weak Even as Industry Strengthens

by admin August 20, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

As Asia begins its trading day, BTC is down 3% in the past 24 hours, changing hands at $113,000, while Ether is also in the red, down 5.6% to $4,100, extending a week of weakness across majors.

The pullback comes despite a continued stream of bullish headlines, underscoring what market observers say is a widening gap between short-term price action and longer-term structural progress.

In a recent report, Glassnode frames the decline as a function of fragility: spot momentum is fading, leverage is stretched, and profit-taking pressure is building. Even though U.S.-listed spot ETFs attracted nearly $900 million in inflows last week, Glassnode warns that without renewed conviction in spot markets, positioning remains vulnerable to deeper deleveraging.

However, this view is not universal.

Enflux, a Singapore-based market maker, by contrast, argued in a recent note shared with CoinDesk that the industry is maturing faster than prices suggest.

Weak price action is a short-term disconnect, and traders aren’t focusing on the more important headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official.

These shifts, they argue, show capital and talent aligning around a regulatory-aligned, institutional future.

The divergence in tone is telling. One camp sees fragile positioning and fading momentum; the other sees scaffolding being laid for an institutional, regulatory-aligned cycle. Prices may look unimpressed, but the industry’s trajectory suggests the market is maturing faster than charts imply.

Market Movers

BTC: Bitcoin fell 3.2% to below $114,000 as cryptocurrencies and related stocks extended losses ahead of the Fed’s FOMC minutes and Powell’s Jackson Hole speech later this week.

ETH: Ether fell 3.5% to under $4,200 as investors reconsider the likelihood of a September Fed rate cut, with Bank of America economists warning Powell may argue for holding rates amid sticky inflation and tariff pressures.

Gold: Gold edged up to $3,384.70 and silver to $38.115 in quiet trading as markets await Powell’s Jackson Hole speech Friday on the Fed’s policy outlook, while global stocks were mixed and China’s central bank injected $65 billion to steady bonds.

Nikkei 225: Japan’s Nikkei slipped 1.14% to 43,050.89, retreating from record highs as investors weigh risks tied to a fragile U.S. trade deal.

S&P 500: U.S. stock futures were little changed Tuesday night, with the S&P 500 flat, Dow steady, and Nasdaq 100 down 0.2%, as investors awaited major retail earnings and Fed meeting minutes.

Elsewhere in Crypto

Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market (CoinDesk)
Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction (Decrypt)
Robinhood launching sports betting prediction markets on NFL and NCAA football via Kalshi partnership (The Block)

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August 20, 2025 0 comments

Crypto Trends

Ethereum (ETH) Bull Market Over? Shiba Inu (SHIB) Risks Adding Zero Rocket, XRP’s Last Level Before $2

by admin August 19, 2025

Shiba Inu at risk
XRP checks in

Ethereum has most likely entered a corrective phase, which could be the beginning of the end of the bull market. Ethereum has been gradually declining after reaching a peak of about $4,800, and the price action is displaying the first discernible signs of weakness since July.

Given that trading volume has decreased in comparison to earlier in the rally, the decline suggests that market momentum may be waning. Ethereum corrections following sharp rallies have historically tested important moving averages, and the 26-day EMA is currently the first crucial level to keep an eye on. A clean rebound prior to testing this zone would be a more convincing sign that buyers are still in control, but a drop toward this line would indicate a continuation of short-term selling pressure.

ETH/USDT Chart by TradingView

The larger bullish structure would hold up if ETH could bounce back above recent highs, rather than tagging the 26 EMA, indicating that this move is merely a brief cooling off. With the next layers of support located close to the 50 EMA and psychological round levels around $4,000, additional downside may become possible if the 26 EMA breaks decisively.

The more general question is whether the upward momentum of the cycle will end with this correction. Since long-term moving averages are still sloping upward, and Ethereum is currently trading comfortably above key support lines, it appears that the bull market is still going strong. But as Ethereum continues to decline, traders may grow increasingly wary, particularly as the market closes out derivative positions.

Shiba Inu at risk

Shiba Inu is once again close to adding a zero to its price. Following weeks of consolidation within an ascending triangle pattern, SHIB is currently close to losing the lower range, which could lead to more severe declines.

The failure of SHIB to produce significant upward momentum is seen clearly on the daily chart. The token is continuing to retest the support line, rather than breaking higher, which indicates a weakening setup, even though the ascending triangle formation typically leans bullish. With today’s rejection, the likelihood of a breakdown is gradually increasing, and each bounce has been weaker than the one before.

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Due to the absence of strong support zones until much lower levels, the move may accelerate rapidly, if SHIB breaks below the triangle’s support. SHIB would most likely be forced to add another zero to its price as a result of such a decline, returning it to valuations not seen since the early summer.

Lower trading volumes and the absence of whale-driven support both increase the descending momentum and lessen the likelihood of a recovery. The risk is increased by the fact that SHIB’s performance is still trailing, leading cryptocurrencies like Ethereum and Bitcoin, which have at least maintained stronger trends.

XRP checks in

XRP is not feeling that well, as the asset is close to entering a critical state. The token is currently declining and in danger of breaking below its 50-day exponential moving average (EMA) after failing to maintain momentum above $3. Although this level has historically been used as a temporary buffer, the current situation indicates that it might not last for very long.

As XRP records a string of red candles, the market’s inability to maintain bullish sentiment is putting pressure on the 50 EMA. The next strong support is located much deeper in the $2.70-$2.75 range, and the $2.40 region, which is anchored by the 200 EMA if this level fails. A breakdown of this kind would wipe out most of XRP’s recent gains and expose the token to a possible retest nearer $2.00, a psychological level that will decide whether the larger bullish cycle holds up.

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Curiously, volume data presents a somewhat different picture, even though price action appears fragile. Indicating that bears are not fully committing to the sell-off, trading volumes have been continuously dropping during the downward move. This lack of conviction allows for a potential rebound, but XRP runs the risk of crashing lower toward significant support levels in the absence of an abrupt spike in demand.

XRP needs to regain the $3.00 mark with significant buying pressure if bulls wish to regain control. If this is not done, there may be a chance for a more severe correction, with $2.00 acting as the final key level before sentiment turns sharply against the asset.

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August 19, 2025 0 comments

Product Reviews

Another Crypto IPO Hits the Market and Most People Still Have No Idea What Crypto Is

by admin August 19, 2025

Blockchain-based lender Figure Technology Solutions has officially filed for an initial public offering, marking another move by crypto-related firms seeking a slice of the trillion-dollar machine of public markets.

Both crypto bros and the banks that love them are already celebrating the move to go public, which they say marks a significant milestone in the evolving intersection of cryptocurrencies, blockchain technology, and mainstream finance.

Analysts posit that this signals a broader shift in how people previously unfamiliar with crypto are getting more comfortable investing in it.

“Crypto is becoming one of the big pillars of the IPO market,” IPOX CEO Josef Schuster told Reuters, referring to companies going public through blank-check mergers.

That thus far has gone against all logic provided by recent polls, which have shown at least 60% of people asked, and sometimes as many as 90%, have absolutely no idea what crypto is or how it works but would definitely not put their own money in it.

“It just seems questionable,” one respondent to this National Cryptocurrency Association poll said in July 2025.

Figure CEO Mike Cagney nodded to this proof-of-concept or no dice investor attitude in a 2021 interview.

“When we started back in 2018, I think our hope was that we could just be a blockchain-technology company and not have to build another lending business and a payments business and everything else,” Cagney said. “What became very clear to us early on is that the world wasn’t ready to lean into blockchain the way that we were, so we created these operating businesses.”

Why does it matter for crypto?

This IPO, however, may show a slight softening of that for crypto companies that actually appear to, or can prove, that they do something tangible.

Figure’s focus on practical applications—such as offering crypto-backed loans and using blockchain for transparent, faster underwriting —shows a little bit more transparently how blockchain can be integrated into core financial services.

Its website shows it uses Alphabet Inc.’s Google Gemini chatbot and tech from OpenAI Inc. to sift through loan applications.

This approach is reminiscent of how banks and fintech firms like SoFi and Robinhood (which went public in 2021 and 2019, respectively) are leveraging technology to reinvent traditional banking (Robinhood IPO).

The company’s use of artificial intelligence alongside its blockchain platform further underscores the increasing convergence of innovative technologies in finance, akin to PayPal’s recent investments in AI-driven payment solutions.

Unlike earlier crypto firms mired in regulatory controversies, Figure’s massive 22% jump in second half of the year results and its backing by prominent institutional investors like Apollo Global Management and Ribbit Capital may also lend credibility to blockchain’s role in mainstream finance.

This trend echoes similar moves by companies such as Coinbase, which raked in an eye-watering $85 billion valuation when it went public in 2021—which simultaneously backed crypto as a legitimate asset and made it more confusing, depending on who you asked.

What the hell is Figure anyway?

Co-founded by Cagney, who previously helped launch another major blockchain booster and fintech SoFi Technologies, Figure helps create loans.

The company says that thus far it has shelled out $16 billion in loans, including home equity lines of credit, crypto-backed loans, and digital asset exchanges, all of which bring the blockchain into consumer finance.

Shares are expected to trade on Nasdaq under the ticker symbol FIGR.

The New York City-based company, founded in 2018, is likely hoping to get a bite of the current landscape, where digital assets and blockchain technology are increasingly intersecting with mainstream finance.

That is still a controversial move.

According to its recent SEC filing, Figure posted a net income of $29.1 million on revenues of $43.8 million for the first half of 2025, a notable turnaround from a net loss of $15.6 million on $12.5 million in revenue during the same period a year earlier.

The company first announced its intention to go public earlier this month through a confidential filing. Prior funding rounds, including a 2021 venture-backed raise, valued the company at $3.2 billion.

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August 19, 2025 0 comments

NFT Gaming

Ethereum Floods Exchanges As Bitcoin Remains Unshaken: Market Braces For Volatility

by admin August 18, 2025

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

Ethereum is navigating renewed volatility after weeks of relentless gains and bullish momentum. The world’s second-largest cryptocurrency surged to its highest levels in years, but bulls are now locked in a battle to defend the $4,200 mark. This price point has emerged as a crucial short-term support, with institutional buyers continuing to accumulate ETH despite recent turbulence in broader markets.

What stands out in this phase is Ethereum’s exchange inflow activity compared to Bitcoin. Over the past month, the two assets have displayed sharply different patterns. While Bitcoin’s inflows have remained relatively moderate, signaling stability and limited selling pressure, Ethereum has seen a significant uptick in coins moving onto exchanges.

This divergence suggests a more dynamic market structure for Ethereum. Rising inflows could indicate profit-taking by long-term holders, or repositioning by large investors preparing for volatility or upcoming catalysts in the ETH ecosystem. Still, institutional interest, alongside strengthening fundamentals such as declining supply on exchanges, continues to support Ethereum’s long-term outlook. Traders now watch closely to see if ETH can hold $4,200 and stabilize for another leg higher.

Bitcoin vs. Ethereum: Divergence in Exchange Inflows

According to on-chain data from CryptoQuant, Bitcoin (BTC) and Ethereum (ETH) are showing a clear divergence in exchange inflows, signaling very different dynamics at play in the market. Bitcoin inflows have remained moderate, fluctuating between 12,000 and 70,000 BTC per day.

While there have been brief spikes in mid-July and around August 1st, these movements have not persisted long enough to suggest a broader trend. This steadiness implies that BTC holders are not rushing to exchanges, which reduces immediate selling pressure. It also reinforces the idea that sentiment around Bitcoin remains relatively stable despite recent volatility in price action.

Ethereum, however, is telling a different story. Over the past several weeks, ETH inflows have surged significantly, with daily exchange inflows repeatedly climbing above 2 million ETH in mid-August and peaking near 2.6 million ETH. This marks a sharp increase compared to late July, when inflows often sat below 1.5 million ETH.

Ethereum Exchange Inflow | Source: CryptoQuant

Such elevated activity suggests large-scale repositioning among major holders or increased profit-taking following ETH’s strong rally. The data highlights that Ethereum is entering a more active trading phase, potentially introducing short-term selling pressure that could influence price direction.

The divergence is striking: Bitcoin inflows suggest relative calm, while Ethereum inflows signal heightened market activity. This imbalance means traders should watch ETH closely, as sustained exchange inflows could either spark a corrective pullback or serve as a stepping stone for a renewed rally, depending on how the market digests the additional liquidity.

Technical Details: Key Price Levels

Ethereum’s recent price action shows a notable retracement following weeks of strong bullish momentum. After peaking near $4,790, ETH has pulled back to around $4,272, reflecting an 11% decline. This move has brought the price back toward a critical support zone at $4,200, where bulls are currently attempting to defend against further downside pressure.

ETH consolidates around key levels | Source: ETHUSDT chart on TradingView

The chart highlights that Ethereum remains well above its key moving averages (50, 100, and 200-day), which are all trending upward and reinforcing a broader bullish structure. Despite the sharp retracement, the longer-term trend still favors buyers, as ETH has maintained higher highs and higher lows since its reversal earlier this year.

A breakdown below $4,200 zone could open the door to $3,800–$3,900, while a successful defense could set the stage for another attempt at the $4,800–$5,000 region. Overall, Ethereum’s chart continues to show bullish strength, though volatility remains high.

Featured image from Dall-E, chart from TradingView

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August 18, 2025 0 comments

NFT Gaming

Expert Predicts XRP ETFs Could Be the Spark That Changes The Token’s Market Course

by admin August 18, 2025

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

Even though XRP ETFs are yet to enter the crypto market, the potential upcoming fund is witnessing robust optimism from the sector, with analysts predicting approval in the next few months. In the event of approval, an expert has declared that the fund will have a notable impact on the crypto sector, especially on the trajectory of the token.

XRP ETFs Will Be A Game-Changer

As the crypto community awaits the United States Securities and Exchange Commission’s (SEC) decision on the XRP ETFs, AllinCrypto, a crypto expert, has delved into the impacts of the fund once it gains approval from the regulatory watchdog.

The expert offered his insights on the funds in a recent interview with Paul Barron on the XRP Podcast. In the video shared by the expert on the X platform, he pointed to the possible launch of XRP Spot Exchange-Traded Funds (ETFs) as a game-changing catalyst for the token’s future trajectory.

This bold statement suggests that ETFs have the potential to change the way XRP is viewed and traded in international markets. In contrast to previous momentum generators, ETFs may open up a flood of institutional capital and offer mainstream investor access, bolstering liquidity.

AllinCrypto’s remarks about the token’s future trajectory hinge on the ramifications of the ETFs, the 401(k)s, and widespread access to these investments. According to the expert, these developments could draw in a significant portion of liquidity into the fund, thereby reshaping the token’s role within the digital asset landscape.

With 401(k)s having a market value worth trillions of dollars, the expert believes that a notable part of this capital might flow into the fund after gaining approval from the US SEC. AllinCrypto declares that the large capital inflow would be a game-changer for the token, comparing it to its Bitcoin and Ethereum counterparts.

The Fund Is Hitting The Crypto Market Very Soon

While Bitcoin Spot ETFs have become the most successful in the financial landscape, with Ethereum ETFs gaining notable traction, XRP ETFs could be the next big thing for crypto. “I think XRP ETF is going to surprise everybody,” the expert stated. His claim is backed by the fact that institutional participants are aware of the token and its role in the sector.

In the meantime, AllinCrypto remains bullish about the fund gaining approval from the US SEC by September this year, as most ETP providers predict. “I think we are going to see miraculous things, and I think that is going to set us up for a pretty explosive backend of 2025 and beyond,” he added. In his opinion, crypto goes more of a broad trajectory than following the abiding 4-year cycle notion.

Ripple Chief Executive Officer (CEO) Brad Garlinghouse, sharing his take on the XRP ETFs, also predicts that the fund will be accepted and start trading soon. According to the CEO, an approval from the US SEC is inevitable, considering the historic introduction of the Bitcoin Spot ETFs. Furthermore, the CEO stated that the XRP ETFs represent the transition from speculative retail trading to institutional adoption, reinforcing its potential for approval.

XRP trading at $2.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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August 18, 2025 0 comments

NFT Gaming

NFT Market Cap Drops $1.2B as Ether Declines; Penguins Overtake Apes

by admin August 18, 2025

The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data.

On Monday, NFT Price Floor data showed that the total valuation of NFT collections had dropped to $8.1 billion, a 12% decline from Wednesday’s NFT market cap of $9.3 billion, which had surged 40% since July.

NFTs losing $1.2 billion in valuation in less than a week coincided with a 9% drop in Ether (ETH) prices. At the time of writing, Cointelegraph data showed ETH traded at $4,260, down from a high of about $4,700 on Wednesday.

Many NFTs are minted on the Ethereum network. With valuations and sales denominated in ETH, bullish or bearish momentum in the crypto asset often translates into increased or decreased value in the NFT sector. As ETH went down 4% in the last 24 hours, a majority of the top 10 collections also showed declines in value.

Top 10 NFTs by market capitalization. Source: NFT Price Floor

NFT market cap drops by over 12% as ETH declines

While it continued to be the top collection by market capitalization, CryptoPunks saw about $300 million wiped from the collection’s value.

At the time of writing, data showed it was worth $2.1 billion, down 12% from its 2.4 billion market cap on Wednesday.

CryptoSlam data showed that the collection’s sales volume reached $12.7 million, a 34% drop in the last seven days. Total sales only reached 51, down 28% in the last week.

The Bored Ape Yacht Club (BAYC), which was ranked second in overall NFT market capitalization on Wednesday, dropped to third place on Monday, as the collection declined to $482.3 million.

This represented an almost 20% drop from Wednesday’s $602 million.

Related: NFT sales surge to $574 million in July, second-highest in 2025

Penguins overtake Apes in market capitalization

Meanwhile, Pudgy Penguins climbed to the second-highest valuation despite erasing about $100 million in overall value.

On Monday, the collection’s market cap was $491 million, down 17% from Wednesday’s $591 million.

Last week, publicly traded blockchain company BTCS Inc. announced that it added three Pudgy Penguins NFTs to its corporate digital asset treasury.

This showed that companies are beginning to recognize blue-chip NFT collections as legitimate assets for treasury diversification.

Magazine: Jack Butcher’s no fan of NFT royalties: ‘You’re getting paid on churn’

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August 18, 2025 0 comments