Crypto News
Ether Machine Adds 15,000 ETH to Treasury to Become 3rd Largest ETH Holder
The Ether Machine has purchased nearly 15,000 ETH worth $56.9 million, reinforcing its long-term strategy to build a large institutional-grade ETH treasury. The announcement coincides with Ethereum’s 10th anniversary and includes a $100,000 donation to the Protocol Guild. Ethereum Turns 10: The Ether Machine Marks Milestone with Major ETH Buy The Ether Machine marked Ethereum’sSource link
Hong Kong Kicks Off Stablecoin Licensing Regime With Eye on Global Hub
Hong Kong’s new stablecoin licensing regime takes effect, tightening rules as the city vies for a global crypto edge.Source link
DOGE Suffers 8% Drop but Signs of Institutional Accumulation at 21-Cents
What to KnowDOGE dropped 8% from $0.22 to $0.21 between 03:00 on July 31 and 02:00 on August 1, marking one of the steepest daily declines this month. The price action unfolded within a wide $0.03 range—between a peak of $0.23 and a low of $0.20—amid heavy resistance at the upper bound and capitulation near the session close.Volumes spiked sharply during the final hours of the session, particularly at midnight, where trading surged to 1.25 billion DOGE—well above the 24-hour average of 365 million. The move suggests heightened liquidation activity, likely triggering cascading sell orders across leveraged positions.News Background• DOGE fell 8% over 24 hours as volume surged to 1.25 billion during overnight trading.• Resistance at $0.23 held firm despite...
Nancy Pelosi ‘Outperformed Every Single Large Hedge Fund’ in 2024: White House
The Trump administration made the claims during a Thursday afternoon briefing hosted by White House Press Secretary Karoline Leavitt. Did Pelosi’s 2024 Stock Returns Beat Every Major Hedge Fund? Former House Speaker and current California Congresswoman Nancy Pelosi’s stock portfolio allegedly outperformed every large hedge fund in 2024 and more than doubled the annual returnSource link
XRP Falls 8% Below $3 After Hitting Resistance, High-Volume Selloff Signals Weakness
What to KnowXRP declined 8% over the past 24 hours, falling from a session high of $3.17 to a low of $2.94, as intense sell pressure overwhelmed initial strength. The sharpest drop occurred during the midnight trading window on August 1, when XRP fell 2.7% in a single hour, accompanied by 259.21 million units in volume—nearly 4x its 24-hour average.Despite the downtrend, accumulation signals surfaced during the recovery phase, as XRP rebounded to $2.98. Volume diminished after the initial volatility, suggesting that institutional buyers stepped in to absorb excess supply near key support zones.News BackgroundWhale activity surrounding XRP continues to deliver mixed signals. On one hand, large holders have liquidated roughly $28 million worth of XRP daily over a trailing...