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'Spinning Bottom' Hints at Recovery Rally as BTC Takes Out Descending Trendline
Crypto Trends

‘Spinning Bottom’ Hints at Recovery Rally as BTC Takes Out Descending Trendline

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This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

XRP: Prints spinning bottom

XRP XRP$2.8156 chalked out a “spinning bottom” candlestick pattern on Monday, which occurs when prices swing back and forth in a broad range, but end the day near the opening price. The shadows representing the intraday high and low indicate that both buyers and sellers were active, but neither side could gain a dominant position.

When the pattern appears after a notable price drop and at key support, as in XRP’s case, it signals that the selling pressure may be waning and buyers are stepping in to defend the price.

As seen on the daily chart, XRP’s spinning bottom has appeared following a 25% pullback from the July peak of $3.65 and at a key support level near the August 3 low, a point where the market previously rebounded sharply.

XRP’s daily chart. (TradingView/CoinDesk)

XRP’s spinning bottom does not guarantee an immediate bullish move, but it acts as an early warning of a potential bullish trend reversal. Technical analysts and traders typically look for confirmation from subsequent price action—such as a bullish candle closing above the spinning bottom’s high.

In other words, focus is on Monday’s high of $2.84, with XRP currently changing hands at $2.80.

Not out of the woods yet

The 5- and 10-day simple moving averages, widely used to filter out short-term market noise, continue to trend downward, signaling ongoing bearish momentum. Additionally, the Guppy multiple moving average band has recently turned bearish, with the bearish signal remaining intact as of now.

In other words, momentum remains tilted in favor of sellers, and, if Monday’s low of $2.69 is breached, XRP could experience a sharper decline

Bullish undercurrents?

The MACD histogram, an indicator gauging momentum using 12- and 26-week exponential moving averages, has been consistently negative since late July. Still, XRP’s price has not experienced a steep downtrend, essentially trading between $2.70 and $3.00.

XRP’s daily price action versus MACD. (TradingView/CoinDesk)

The relative resilience of prices means a potential bullish crossover of the MACD could mark the onset of a sharp rally. The BTC market displayed a similar dynamic in September last year when it traded below $60,000.

  • Support: $2.69 (Monday’s low), $2.65 (the swing high from May), $2.48 (the 200-day SMA)
  • Resistance: $2.84 (Monday’s high), $3.38 (the August high), $3.65 (the July high).

Bitcoin takes out key trendline

BTC has surged past a descending trendline that marked the pullback from record highs above $124,000. However, the immediate outlook remains bearish as prices stay below key resistance levels, including the Ichimoku cloud, the 50- and 100-day simple moving averages, and the August 3 low. Additionally, a bearish divergence is evident in the RSI on the monthly chart.

BTC’s daily and hourly charts. (TradingView/CoinDesk)

Taken together, these signals paint a bleak picture of the market, where upward moves could encounter selling pressure. A clear negation of this bearish outlook would require BTC to successfully break and hold above the Ichimoku cloud, which currently acts as a critical resistance zone.

  • Support: $107,286 (Monday’s low), $100,000, $98,330 (the swing low from June 22).
  • Resistance: $110,756 (the Ichimoku cloud), $111,728 (the 100-day SMA), $115,780 (the 50-day SMA).

Read more: Bitcoin Floats Around $110K as Traders Look Toward Friday Data for Upside



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DeFi Dev Corp lifts Solana treasury to $317m with new purchase
NFT Gaming

Will Alpenglow upgrade spark rally?

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Summary

  • The Solana price prediction for today is impacted by the recent Alpenglow upgrade which will hasten block times.
  • A breakout above $215 would confirm bullish continuation, targeting $250 in the short term, with projections extending toward $300+ if momentum persists.
  • A failure below $180 would turn the outlook bearish, opening the way to $165–$170.

Solana (SOL) is trading under $200, consolidating within an ascending channel after weeks of consistent gains. The upcoming Alpenglow upgrade to the network has seen almost unanimous support from the community, leading to a positive short-term Solana price prediction.

The positive sentiment stems from the fact that the ugprade will shorten block times and hasten transaction throughput for Solana.

Solana price prediction based on current data

SOL is now trading jus a few cents below $200, with a fierce battle now underway in this crucial band of psychological support/resistance. The token is trading in an ascending channel, with support near $180 and resistance around $215.

SOL price levels on the 1D chart | source: crypto.news

While trading has cooled off a little, the Alpenglow consensus upgrade has contributed to positive sentiment for Solana due to the expectation of much faster block creation and transaction speed.

Alpenglow impact on Solana price

If Solana (SOL) breaks above $215, analysts see a path toward $250 by October. Technicals favor continuation higher, with whale accumulation and strong DeFi activity supporting the trend. Solana’s total value locked (TVL) has risen steadily in recent weeks, reflecting increasing capital flowing into its ecosystem.

The bullish case is also driven by sentiment around Alpenglow. If the upgrade delivers tangible improvements in performance and reliability, the market may view Solana as a stronger competitor to Ethereum, opening the door for extended gains beyond $250. In this scenario, longer projections point to a potential move toward $300–$350 as confidence builds.

Risk of failure for SOL

The key near-term risk is a breakdown of support at $180. Failure to hold this level could lead to a retracement deeper into the ascending channel, with downside targets near $165–$170. Broader market weakness, particularly if Bitcoin or Ethereum lose ground, would likely amplify selling pressure.

There is also the possibility of disappointment around Alpenglow if adoption and developer migration fail to meet expectations. Without meaningful follow-through, the upgrade may not be enough to sustain bullish momentum, leaving Solana vulnerable to further consolidation or correction.

Current Solana price prediction

For now, Solana’s key range is $180–$215.

  • A breakout above $215 would confirm bullish continuation, targeting $250 in the short term, with projections extending toward $300+ if momentum persists.
  • A failure below $180 would turn the outlook bearish, opening the way to $165–$170.

The current Solana outlook is cautiously bullish. The expectation is that volatility will rise around the Alpenglow upgrade, with direction hinging on whether technical improvements can outweigh broader market weakness.

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



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Shiba Inu (SHIB) Surprise Rally Is Possible, XRP Expelled, Risks Losing $2, Bitcoin (BTC): Bull Market Is Over?
GameFi Guides

Shiba Inu (SHIB) Surprise Rally Is Possible, XRP Expelled, Risks Losing $2, Bitcoin (BTC): Bull Market Is Over?

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  • Bitcoin becoming bearish
  • XRP’s summer rally ends?

For weeks, Shiba Inu’s sideways movement provides nothing but unclear direction. However, a surprise rally might be closer than most people think, according to the current chart setup.

SHIB has been consolidating within a symmetrical triangle formation, a technical pattern frequently linked to strong breakout potential, which explains why SHIB has been trading between support and resistance levels that are progressively convergent since July. Right now, the price is firmly contained within the triangle, indicating a decrease in volatility and increasing pressure. Usually, a decisive action is taken when SHIB enters such compressionary periods. Importantly, SHIB is still adhering to both trendlines and hasn’t broken out of the formation. By itself, this maintains the potential for an upside breakout.

SHIB/USDT Chart by TradingView

SHIB is still below important moving averages, such as the 200-day SMA, from a technical standpoint, indicating that the overall trend is still bearish. On the other hand, unexpected rallies frequently happen when traders least expect them and sentiment is low. Stop orders and short-term bullish momentum could be triggered by a clear break above the triangle’s upper boundary, which would push SHIB back toward resistance levels close to $0.0000130, and possibly higher if volume supports the move.

On the downside, SHIB runs the risk of retesting the $0.0000115 region if the triangle support is lost. The pattern’s price compression, however, indicates that the market is currently waiting for a trigger.

The main conclusion is that SHIB is still in its symmetrical triangle. The potential for an unexpected rally cannot be disregarded as long as it stays inside. Because the pattern is likely to move quickly once the breakout occurs, traders should closely monitor volume spikes and daily closes around its boundaries.

Bitcoin becoming bearish

Recent price movements for Bitcoin have rekindled concerns that the current bull market may be nearing its end. After testing resistance levels above $120,000 and continuing to rise for months, Bitcoin has now fallen below a crucial technical level: the 50-day exponential moving average (EMA). It is possible that the market is transitioning from a bullish phase to a longer bearish one as a result of this breakdown.

As a short- to midterm trend indicator, the 50 EMA has been used historically. Whenever the price gets close to the line, Bitcoin tends to bounce back and stay above it during strong uptrends. But the most recent move below this support, along with the low buying volume, indicates that the bullish momentum is waning.

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The 200-day EMA, at about $104,000, which frequently serves as the boundary between bull and bear cycles, is the next key area to keep an eye on. Traders may perceive the beginning of a more significant correction if Bitcoin closes several sessions below the 50 EMA and is unable to swiftly recover it. Increased selling pressure would probably result from such a situation, with downside targets extending toward the $106,000-$104,000 range. A bear market would be even more strongly confirmed if the 200-day EMA were to break below.

The bull market isn’t quite over. In comparable configurations, Bitcoin has previously demonstrated resilience by regaining the 50 EMA and starting to rise again. The market is currently at a turning point: Either Bitcoin maintains its current levels and rises above the $113,000 resistance, or it runs the risk of plummeting as sentiment wanes.

XRP’s summer rally ends?

The strong uptrend that propelled XRP earlier this summer may be coming to an end, as the token has formally broken down from its symmetrical triangle pattern. Bulls should be concerned about this technical breakdown, because triangles are frequently used as continuation or reversal setups. XRP’s failure to maintain support within the formation, in this instance, is bearish and may pave the way for further losses.

Not only has XRP fallen out of the triangle, but it is also perilously close to its 100-day moving average, at the moment trading around $2.81. The next important area, the 200-day moving average, is located at about $2.50 if this support fails. In the past, bullish and bearish market structures have been distinguished by this level. If there was a clear break below, more aggressive selling would probably follow.

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There is a greater chance that XRP will fall closer to the psychological $2 mark if momentum keeps waning and it is unable to swiftly recover lost ground. Losing $2 would be a significant change in attitude and might undo a lot of the gains made in the previous few months. The most recent move was accompanied by declining volume, so there isn’t much proof that buyers are acting quickly to purchase at the current prices.

This breakdown, viewed more broadly, puts XRP in a vulnerable position. What was formerly a robust upward trend driven by bullish momentum may now turn into a longer-term downward trend. The outlook remains dominated by downside risks until XRP can rise back above $3.00 and invalidate this bearish move.

XRP’s technical structure has weakened, and a decline toward $2 or even lower is very likely unless there is a swift recovery. The market now awaits the conclusion of the rally, or the ability of bulls to hold onto key support areas.



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Pyth Network (PYTH) price targets $0.30 after 100% rally as whales step in
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Pyth Network (PYTH) price targets $0.30 after 100% rally as whales step in

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PYTH  price rallied over 100% after disclosing a significant partnership with the U.S. government. Simultaneously, whales have started accumulating the token. Will this rally continue, or has it lost steam?

Summary

  • PYTH price shot up over 100% as the U.S. government selected it as an oracle partner to verify GDP data.
  • The token’s price has broken above a descending trendline it had been trading under since February.

According to data from crypto.news, Pyth Network (PYTH) soared 118% to an intraday high of $0.243 on Friday morning, Asian time, before settling at $0.227 as of press time. At this price, it stands 167% higher than its year-to-date low.

The surge occurred in a high-volume trading environment. Trading volume for PYTH token was up nearly 8,600% over the past 24 hours, which indicates strong demand from traders helped fuel its rally today.

The token also attracted strong demand from derivatives traders. Notably, open interest surged to an all-time high of $188.34 million, significantly higher than the approximately $40 million recorded the previous day. This, combined with a long/short ratio above 1, indicates that a majority of traders are positioning for further upside, reinforcing the bullish sentiment behind the rally.

As such, the market cap of Pyth Network has ballooned to over $1.3 billion, entering the top 100 crypto assets by market cap as per CoinGecko.

PYTH’s price surged after the project’s team announced that the U.S. Department of Commerce had chosen the network as one of the oracle partners to help validate and publish economic data directly on the blockchain.

Notably, this also drove renewed interest from whale investors. According to data from Nansen, the balance of PYTH tokens held by whale wallets rose 14.5% over the past 7 days, increasing from 42.97 million to 49.21 million today.

Another factor that supported the token’s gains today is the drop in balances held on exchanges. According to Nansen data, the combined balances across all exchanges currently stand at 908.75 million, down 8% compared to seven days ago.

Such a drop in exchange balances suggests that investors may be moving tokens off exchanges, reducing immediate selling pressure. With fewer tokens available for trading, this is often seen as a bullish signal, indicating growing holder confidence and a potential for continued upward price movement.

The confluence of these bullish factors could continue to improve investor sentiment, potentially leading to further price appreciation in the short term.

On the daily chart, PYTH has decisively broken out above a descending trendline that had been in place since early February, characterized by a series of lower highs and lower lows. This breakout marks a shift in market structure and suggests a potential trend reversal.

PYTH price has broken above a multi-month descending trendline on the daily chart — Aug. 29 | Source: crypto.news

Following the breakout, the price has moved above the 23.6% Fibonacci retracement level at $0.192, reinforcing the bullish outlook.

The token is now trading above all major simple moving averages, including the 50-day and 200-day SMAs, which is typically interpreted as a strong bullish signal. This alignment suggests that short- and long-term momentum are now favoring the bulls.

Additionally, the Supertrend indicator has turned green and shifted below the price level, providing further confirmation of a buy signal.

PYTH Supertrend chart — Aug. 29 | Source: crypto.news

Based on this setup, the next immediate upside target lies at $0.26. A decisive break above this level could open the door for a move toward $0.31, which aligns with the 50% Fibonacci retracement level and may serve as the next key resistance zone.

On the contrary, if the token fails to maintain support above $0.19, it could retreat toward $0.10, a level that previously acted as strong support.

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



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Analyst Explains Why SOL’s Powerful Rally Should Not Be Ignored

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Solana’s SOL outperformed the broader crypto market on Wednesday, climbing 7.68% in 24 hours to trade at $208.24, according to CoinDesk Data. By comparison, the CoinDesk 20 Index (CD20) rose 2.89% and the total crypto market cap gained just 1.6% during the same period.

Analysts said Solana’s strong performance reflects a combination of technical momentum and structural demand.

Scott Melker, a trader known as the “Wolf of All Streets,” argued that Solana is now at a critical level against bitcoin. He said a breakout here could make SOL the “darling” of the next altcoin cycle. His chart showed SOL pressing into resistance against BTC, a pairing that often signals whether a token can outperform the broader market.

Another analyst, Lark Davis, was more direct, calling Solana the “catch-up trade” for investors who missed ether’s (ETH) breakout from $1,400 during the last cycle.

Davis cited three drivers: the rise of SOL-based treasury companies modeled on bitcoin accumulation firms, the prospect of a spot SOL ETF getting approved in the near future by the U.S. SEC and growing institutional interest. These factors could push billions of dollars into SOL, he noted.

However, Altcoin Sherpa, another widely followed analyst on X, cautioned against chasing the rally. He described SOL’s strength as unusual but advised traders to consider taking profits between $205 and $215 or waiting for more clarity before entering. His view reflects the risk that weekend or short-term rallies often retrace once liquidity normalizes.

Meanwhile, DeFi asset management firm Sentora added another perspective, noting that more than $820 million in SOL is already held in corporate treasuries. The number is worth noting as ETH treasury holdings stood at a similar level in April before expanding to nearly $20 billion. The firm said that the SOL corporate holding trajectory suggests the token could follow a similar path if adoption accelerates.

Adding to the positive sentiments of some analysts, Solana is also seeing institutional adoption grow. Earlier today, staking service provider Chorus One announced the launch of a new Solana validator in partnership with Delphi Consulting, part of Delphi Digital.

The firms said the move reflects a belief that institutions should contribute not just capital but also infrastructure to the networks they back. Chorus One described the validator as institutional-grade infrastructure, positioning it as part of Solana’s growing base of serious, long-term participants.

Technical Analysis Highlights

  • According to CoinDesk Research’s technical analysis data model, between Aug. 26 at 15:00 UTC and Aug. 27 at 14:00 UTC, SOL rose from $191.67 to $204.62, a 7% gain, with a trading range of $190.11–$205.65.
  • Heavy volume at $193.92 during the early rebound (986,571 tokens traded) established this level as strong support.
  • Resistance formed near $205.65, with repeated rejections around that corridor. Sustained price action above $202.00 suggests institutional buying.
  • In the final hour of trading, SOL dipped to $202.95 before surging to an intraday high of $205.84 on strong volume.
  • Key support is now near $202.82, while resistance is around $205.84. Bullish momentum points toward the $210.00 psychological barrier.



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XRP price approaching critical support: a technical analysis deep dive
NFT Gaming

is a new all-time high rally next?

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XRP price is trading above strong high-timeframe support, aligned with the 0.618 Fibonacci retracement and the 50-day moving average. This confluence reinforces its bullish market structure and continuation potential.

Summary

  • XRP trades above high time frame support at the 0.618 Fibonacci and 50-day moving average.
  • Higher lows and higher highs signal bullish continuation potential.
  • Bullish volume inflows are essential for sustaining a move toward a new all-time high.

Ripple (XRP)’s recent price action has highlighted a significant confluence zone that is currently acting as support. This level combines high-timeframe support, Fibonacci retracement, and a dynamic moving average structure, all of which are critical for sustaining a bullish trend. With these elements aligned, XRP’s market structure remains intact, and the setup suggests room for continuation higher.

Key XRP price technical points

  • High Time Frame Support: Confluent with the 0.618 Fibonacci and the 50-day moving average, providing a solid structural base.
  • Bullish Market Structure: Higher highs and higher lows continue to dominate, reinforcing the case for continuation.
  • Volume Profile Critical: Sustained bullish inflows are required to validate momentum toward a potential new all-time high.

XRPUSDT (1D) Chart, Source: TradingView

XRP’s current technical setup is strongly bullish, with price maintaining levels above high-timeframe support. The 0.618 Fibonacci retracement has proven to be a key reversal zone in previous cycles, and when paired with the 50-day moving average, it provides a reinforced support cluster. Such confluences are significant because they often act as springboards for the next leg higher in strong trending markets.

From a structural perspective, XRP is continuing to print higher lows and higher highs, a defining trait of bullish momentum. The establishment of a new higher low in this region creates the conditions necessary for continuation toward fresh highs. If this structure holds, the probability of an extended rally increases substantially, with the potential for a new all-time high firmly in play.

The volume profile remains one of the most important metrics to monitor. While support levels and moving averages establish the technical foundation, it is volume that ultimately drives momentum. An influx of bullish volume will serve as confirmation that demand is present and willing to sustain upward pressure. Without this validation, rallies can falter even in technically favorable conditions. Traders will be looking for signs of strong participation at current levels to confirm the sustainability of the move.

What to expect in the coming price action

As long as XRP continues to hold above the high-timeframe support confluent with the 0.618 Fibonacci and 50-day moving average, the probability of a breakout to a new all-time high remains strong. Continued higher-low formations and bullish volume inflows will be the catalysts needed for acceleration.



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Fundstrat’s Tom Lee Predicts Ethereum Bottom and Rally Above $5,000

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In brief

  • Ethereum sank below $4,350 early Tuesday before gaining ground.
  • Fundstrat managing partner Thomas Lee predicted that ETH would not fall below $4,000.
  • Lee expects ETH to surpass $5,000 in the near future.

Fundstrat Head of Research Tom Lee predicted that Ethereum would hit a temporary bottom Tuesday before beginning a climb beyond $5,000, shortly before the token began inching upward. 

Citing a message sent to him by Fundstrat Global Head of Technical Strategy Mark Newton, Lee, who also serves as chair of ETH treasury BitMine Immersion, endorsed the view that Ethereum will not fall lower than $4,000 in the near term.

Newtown suggested in his message that the altcoin will “bottom out sometime in (the) next 12 hours near $4,300,” although it was not precisely clear when he sent the message to Lee.

Ethereum currently dipped as low as $4,341 early Monday before rallying to its current level above $4,550. It is down about 1% over the past 24 hours and roughly 8% since reaching an all-time high of $4,946 on Sunday.



A Myriad Linea market found that 80% of the respondents believe that Ethereum will breach $5,000 this year.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

Newton and Lee suggested that the cryptocurrency could climb as high as $5,450, with an accompanying chart indicating that it could return to around $4,800 by the middle of September.

Not everyone agreed that Ethereum will rally in the immediate future, with TradeNation Senior Market Analyst David Morrison telling Decrypt that further declines may be coming in the near term.

“While I would agree that there could certainly be more upside as we head towards year-end, it remains significantly ‘overbought’ when considering its daily MACD [moving average convergence divergence],” he said. “To me, that suggests that it may pull back further from current levels before it can go appreciably higher, or, at the very least, there’s a period of sideways consolidation which could help blow some froth off it, similarly to the major US stock indices.”

Morrison argued that Bitcoin currently looks more attractive in itsupside potential, given that its daily MACD has now returned to neutral levels.

Other analysts also contended that Ethereum’s price could fall further in the near term, including eToro’s Simon Peters.

He told Decrypt, “Seasonality could play a part as September is historically one of the worst performing months for cryptoasset prices and with the price having rallied 250% since April, hitting a new all-time high, and looking a little technically overbought, it may present an opportunity for some long standing holders to realize gains.”

Peters also noted that Ethereum’s path could depend on the U.S. central bank’s decision on interest rates at its next monetary policy meeting on September 16 and 17. 

“If the Federal Reserve holds interest rates at their upcoming meeting in September, where currently the market is suggesting a cut, this may spark a further downside move in the short-term,” he added.

As for the medium term, Peters was confident that Ethereum is positioned nicely for “a strong run” at the end of the year, citing several factors.

“Firstly, the favorable regulatory environment for crypto, particularly in the U.S.,” he said. “This will lead more institutions to build on Ethereum serving as the base layer for stablecoins and real-world asset tokenisation.”

Peters also expects demand for Ethereum to remain strong, both from spot ETFs and  the growing number of public companies who have been steadily accumulating the token in recent months.

“At the same time, interest rates globally are falling and the money supply is going up,” Peters added, suggesting that a growth in disposable liquidity may lead more retail investors towards crypto.

While David Morrison acknowledged ongoing upgrades and institutional interest as factors in Ethereum’s favor, he remains cautious against expecting it to do something spectacular too soon.

“But at current levels, and considering their charts, it looks to me as if Bitcoin has more upside potential over the rest of the year,” he said. “I feel that Ethereum may need to work off existing frothiness before it can find a base from which to launch the next leg of its push higher.”

On the other hand, some analysts actually believe that Bitcoin is a risk for Ethereum in another way, in that BTC’s recent declines could impact ETH negatively.

This is the view of analyst and author Glen Goodman, who tells Decrypt that, while institutional interest in Ethereum ETFs could continue to help the altcoin, Bitcoin could drag down ETH if it continues to fall.

“ETH can probably defy a lackluster BTC, it could rise even while Bitcoin languishes,” he said. “But if BTC seriously nosedives, it’s unlikely ETH will be able to resist the downward pull of a crashing Bitcoin.”

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Weekly Wrap Yzy Token Frenzy, Ethereum’s Prosperous Rally, Gemini Ipo Buzz, And More
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YZY Token Frenzy, Ethereum’s Prosperous Rally, Gemini IPO Buzz, and More

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The last week in the cryptocurrency world has been nothing short of electrifying, with a whirlwind of developments shaping the market landscape. While the Jackson Hole meeting pumped the markets, the uncertainties around upcoming rate cuts left investors confused. Here is the compilation of top stories, news and updates of last week to catch-up with, ahead of the beginning of the last week of this August. 

Top Headlines from the Past Week

Kanye West’s YZY Token 

The YZY token, launched by Kanye West on August 20, ignited a whirlwind of excitement in the crypto world. Debuting with an explosive $3 billion market cap within just 40 minutes and reaching a high of $3.16, the token quickly plummeted by 74% to $0.66, showcasing the volatile nature of celebrity-backed tokens. This rapid rise and fall sparked intense debate, with analysts pointing to the token’s centralized structure—87% of its supply controlled by a single wallet—as a red flag for potential manipulation and liquidity issues. 

Ethereum’s Continues to Outshine

Ethereum (ETH) has continued the rally to outshine its cryptocurrency peers, hitting a new all-time high of $4,953 on Sunday, according to CoinMarketCap data. This surge, marked a 12% increase over the past seven days, reflects growing institutional adoption for ETH with its solidifying dominance as the second-largest cryptocurrency. 

Gemini IPO Buzz 

Gemini, the U.S.-based cryptocurrency exchange, is making headlines as it prepares for a highly anticipated IPO, positioning itself as the third crypto exchange to go public after Coinbase and Bullish. In a latest update, Ripple has stepped in to support Gemini’s IPO ambitions by providing a $75 million credit line to bolster its financial stability and liquidity ahead of the public offering. This strategic partnership, detailed in Gemini’s updated filing, aims to counterbalance the reported losses and enhance its competitive edge against rivals like Kraken and Anchorage Digital, which are also eyeing IPOs in 2025. 

SBI Shaping Japan’s Crypto Economy

SBI Holdings is cementing its role as a trailblazer in Japan’s emerging crypto industry through a series of strategic moves. Last week, the financial conglomerate formed a joint venture with Circle and Ripple to advance the adoption of stablecoins (USDC and RLUSD). In a bold step forward, SBI Holdings is also set to launch an on-chain tokenized stock trading platform in partnership with Startale Group, announced on August 22. This platform promises round-the-clock trading of tokenized stocks and real-world assets, addressing gaps in traditional markets with features like faster cross-border settlements and fractional ownership. 

Binance’s BNB Hits New High

The native cryptocurrency of Binance ecosystem, BNB soared to a new all-time high of $899.70 on August 23, as reported by CoinMarketCap. This surge underscores growing interest in Binance’s existing market dominance as a leading crypto exchange. Being a cornerstone of its ecosystem, BNB caught the attention of investors who believe that Binance will keep dominating the space in this bullish timeline. 

News You Might Have Missed

Top Highlight

On August 18, a swing trader made headlines by selling 2,277 Ethereum (ETH) worth $9.57 million at $4,203 per ETH amid a market downturn, locking in a substantial $4.04 million profit despite experiencing significant on-chain slippage.

This move, debated as either a panic sell or a strategic exit, highlights the volatility and risk inherent in crypto trading, with slippage—where executed prices deviate from expected ones due to rapid market shifts—playing a key role. 

What to Expect for This Week?

For the week of August 25–29, 2025, several microeconomic factors and major events are poised to influence the cryptocurrency landscape. The Federal Reserve’s Jackson Hole Symposium (August 21–23) aftermath, with Fed Chair Jerome Powell’s speech, continues to drive sentiment, as markets await clarity on interest rate policies amid mixed U.S. economic data. However, leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others have further entered an even more volatile phase so this week will mark a significant impact on the crypto markets.



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Dogecoin Rockets 11% in Fed-Driven Market Rally, What's Next?
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Dogecoin Rockets 11% in Fed-Driven Market Rally, What’s Next?

by admin


Dogecoin saw a sharp surge toward the weekend as markets rose on optimism surrounding a potential rate cut in September.

The markets, including cryptocurrencies, rose in the aftermath of Fed Chair Jerome Powell’s much awaited speech at the annual Jackson Hole, Wyoming, symposium as traders increased their bets on the likelihood of a September rate cut after Powell said the “shifting balance of risks may warrant an adjustment of policy stance.”

Dogecoin surged from $0.208 to $0.242 on Friday, aligning with the broader market rise, which saw Ethereum hit a fresh all-time high in nearly four years.

At press time, Dogecoin was still sustaining its daily gains, up 11.17% in the last 24 hours to $0.235 and up 3% weekly. Dogecoin’s trading volume has increased 165% in the last 24 hours to $5.42 billion, as traders flock in to profit from the recent market volatility.

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Dogecoin has reclaimed the eighth spot in crypto rankings, with a current market capitalization of $35.52 billion, flipping Tron (TRX) to the ninth spot.

What’s next?

Analysts are eyeing the potential of an explosive move for Dogecoin in the days ahead. In a recent tweet, Kaleo, a crypto trader, wrote, “Still believe it’s only a matter of time before Dogecoin prints a god candle. Long overdue for an explosive move. The king of memes isn’t dead.”

Ali, a crypto analyst, highlights Dogecoin consolidating in a triangle with the potential for a 40% price move.

Dogecoin has now well surpassed the daily SMA 50 at $0.218 following Friday’s major move. Going forward, the dog coin would seek to flip this level into support to aim for $0.26 and $0.29 next.

If Dogecoin exits its current range between $0.14 and $0.26, a move to $0.4 and $0.48 might be on the table.



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Shaurya Malwa
NFT Gaming

Ripple Surges 9% Before Pullback Caps Rally Near $3

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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