17 Jul 2025, 10:31

XRP Perpetual Futures Open Interest Hits Record $8.8B Amid Market Surge — XRP Rally Incoming?

XRP’s price surged to a six-month high on Wednesday, fueled by a spike in notional open interest for its perpetual futures contracts. Key Takeaways: XRP’s notional open interest in perpetual futures hit a record $8.8 billion. Major exchanges Bitget and Binance lead leveraged trading. XRP’s price surged to a six-month high near $3.05, fueled by growing whale activity. Notional open interest, the total value of leveraged positions held by traders, climbed to an all-time high of $8.8 billion on Wednesday, according to CoinGlass. The figure corresponds to nearly 2.9 billion XRP in open contracts. XRP Futures Open Interest Surpasses Previous $8.3B Record The previous record for XRP notional open interest stood at $8.3 billion, which was hit in late January before the start of former U.S. President Donald Trump’s second term. Centralized exchanges Bitget and Binance dominated the leveraged trading scene, controlling $1.94 billion and $1.48 billion of XRP perpetual futures, respectively. Across most venues, XRP’s funding rate was positive and climbing, signaling a market where longs are willing to pay shorts to maintain positions, a classic indicator of bullish sentiment. As reported, the number of wallets holding at least 1 million XRP tokens has also surged to an all-time high . Data shows that wallets holding 1 million or more XRP collectively control over 47.32 billion tokens. XRP Open Interest about to break ATH's! $7.17Billion https://t.co/U1N4jSqcSv pic.twitter.com/shNTf7obsT — Chad Steingraber (@ChadSteingraber) July 12, 2025 Last month, Ripple CEO Brad Garlinghouse revealed the company plans to withdraw its cross-appeal against the SEC, adding that the regulator is also expected to drop its own appeal. The announcement followed a U.S. district court decision rejecting a joint request from Ripple and the SEC to reduce Ripple’s $125 million civil penalty and overturn the ruling that classified Ripple’s institutional XRP sales as securities transactions. In her ruling, Judge Analisa Torres noted Ripple’s readiness to “push the boundaries” of the earlier summary judgment, suggesting a risk of future violations. The Ripple-associated token traded near $3.05, marking a 5.1% gain in 24 hours, according to data from CoinGecko. Over the past year, XRP has rallied more than 420%, reaching highs around $3.31. XRP Sees Strong Bullish Momentum XRP has seen a strong bullish momentum on July 17, with its price reaching around $3.26, marking a significant uptrend from earlier lows near $2.80. Technical indicators confirm this upward momentum. The Relative Strength Index (RSI) on the 2-hour and 30-minute charts sits near overbought levels, at approximately 79 and 79 respectively, suggesting strong buying interest but also caution for potential short-term pullbacks. The MACD on both charts shows bullish crossover signals, with the MACD line rising above the signal line and positive histogram bars, reinforcing the current strength in price action. XRP is currently trading above key moving averages and Bollinger Bands indicate volatility expansion, with prices testing the upper bands on short-term charts. This suggests the rally may continue in the near term, though traders should be mindful of RSI levels indicating overbought conditions which may invite some profit-taking. Overall, XRP’s price action points to sustained bullish sentiment driven by growing market participation. Traders should watch for support near the $3.00 level as a key area to maintain bullish bias and look for continuation signals above the recent high at $3.31. The post XRP Perpetual Futures Open Interest Hits Record $8.8B Amid Market Surge — XRP Rally Incoming? appeared first on Cryptonews .

17 Jul 2025, 10:20

Shiba Inu (SHIB) Spikes 15% Weekly – So Why Are Most Holders Still Losing?

TL;DR SHIB still underperforms compared to other leading altcoins, with over 50% of its holders remaining at an unrealized loss. Some analysts foresee a bullish breakout, while on-chain data indicate reduced exchange inflows, which is typically a sign of reduced immediate selling pressure. However, SHIB’s RSI above 70 suggests the asset may be overbought and due for a short-term correction. The Gains Are Not Good Enough? Shiba Inu (SHIB) has experienced a price increase of around 15% over the last week, currently trading at approximately $0.00001445 (per CoinGecko’s data). The rise appears solid, but it is not as substantial as the resurgence of other well-known altcoins, such as Stellar (XLM), Ripple (XRP) , and Hedera (HBAR), among others. Moreover, most Shiba Inu holders continue to sit on unrealized losses. According to IntoTheBlock, 44% of those invested in the asset are in the green, 54% are in the red, whereas 2% are at break-even. SHIB Holders in Profit, Source: ITB This could be explained by the fact that many holders of the meme coin jumped on the bandwagon years ago when the price was flying high. Data shows that almost 80% of SHIB’s investors have joined the ecosystem more than 12 months ago, while only 2% have done so in the last 30 days. SHIB Holders Time Share, Source: ITB Recall that the self-proclaimed Dogecoin-killer reached its historic peak in November 2021 when it tapped roughly $0.00008616. SHIB’s current valuation represents a whopping 83% decline compared to the ATH. The Rally Is Just Starting? According to some market observers, SHIB has yet to post significant gains. X user World of Charts claimed the price has broken an “important area,” which could be a precursor of a “nice bullish rally.” Certain indicators also support the bullish thesis. CryptoQuant’s data shows that SHIB’s exchange netflow has been mostly negative over the last week, hinting that investors have shifted from centralized platforms to self-custody methods. This development reflects on reduced immediate selling pressure. SHIB Exchange Netflow, Source: CryptoQuant Despite the bullish momentum, there are also some warning signs. Shiba Inu’s Relative Strength Index (RSI) has spiked beyond 70, indicating the asset could be overbought and headed for a short-term pullback. SHIB RSI, Source: CryptoWaves Readings above that level are generally considered bearish, suggesting that the price has surged too quickly over a short period. On the other hand, ratios below 30 are often seen as bullish, signaling a potential buying opportunity. The post Shiba Inu (SHIB) Spikes 15% Weekly – So Why Are Most Holders Still Losing? appeared first on CryptoPotato .

17 Jul 2025, 10:15

BNB coin price jumps following Windtree Therapeutics’ $200M BNB Treasury launch

BNB coin price has surged following a treasury strategy announcement from Windtree Therapeutics, a Nasdaq-listed clinical-stage biotech firm. On Wednesday, Windtree revealed its plans to launch a BNB-focused crypto treasury strategy, aiming to raise up to $200 million. The news has pushed BNB’s price above $715, marking a notable 3.5% gain within 24 hours. Windtree Therapeutics’ BNB treasury strategy In a statement issued on Wednesday, Windtree Therapeutics confirmed it had entered into a securities purchase agreement worth $60 million, with the potential to raise an additional $140 million. The agreement, led by Build and Build Corp, will fund the creation of a BNB treasury, positioning Windtree as one of the first public firms in the United States to hold BNB directly on its balance sheet. This initiative signals Windtree’s shift toward diversifying its financial portfolio by integrating digital assets, specifically BNB, the native token of Binance’s BNB Chain ecosystem, into its treasury management framework. Although a clinical-stage biotech, Windtree is now venturing into the crypto space with a clear intent to enhance liquidity, optimise returns, and strengthen its financial standing. The company stated it would not only acquire BNB tokens but also invest in related assets, such as shares in the Osprey BNB Chain Trust, indicating a long-term outlook on the BNB ecosystem. Windtree’s treasury strategy also includes setting up infrastructure for custody, yield generation, and digital asset security, making the move more than a symbolic investment. BNB coin price reacted positively to the news Following Windtree’s announcement, BNB coin price soared to $720.99, with a 24-hour trading volume of more than $2.5 billion, reinforcing the positive sentiment in the market. Notably, the development adds to the bullish market sentiment for the BNB token, which has been on a continuous bullish trend recently. Over the past three months, BNB coin has gained 21.4%, and it currently sits just 9.3% below its all-time high of $788.84 reached in December 2024. BNB coin price chart | Source: Coingecko The token’s market cap now exceeds $104 billion, making it the fifth-largest cryptocurrency by capitalisation, with a circulating supply of over 145 million tokens. With institutional interest rising and blockchain performance improving, traders are increasingly viewing BNB as more than just an exchange token. Although volatility remains a risk, the introduction of regulated treasury structures like Windtree’s offers a layer of credibility and strategic depth to BNB’s long-term prospects. BNB Chain network upgrades likely to fuel the rally The timing of Windtree’s announcement aligned with the release of BNB Chain’s H1 performance report , which showcased impressive network upgrades. According to the report, BNB Chain has improved its transaction settlement times, reduced gas fees to as low as $0.01, and cut malicious MEV activity by 95%, offering a more efficient user experience. Furthermore, the network plans to scale throughput by up to 20 times by the end of 2025, with upgrades such as a Rust-based client and enhanced StateDB architecture. The BNB Foundation has also completed its 32nd quarterly token burn, destroying 1,595,599.78 BNB tokens, worth approximately $1.024 billion, contributing to the token’s deflationary appeal. These developments provide fundamental support to the price rally, reassuring investors about the long-term value and utility of BNB coin as both a currency and an infrastructure asset. The post BNB coin price jumps following Windtree Therapeutics’ $200M BNB Treasury launch appeared first on Invezz

17 Jul 2025, 10:00

Thailand launches crypto sandbox to boost tourism spending

As crypto becomes part of our day-to-day financial needs, Thailand is introducing a national sandbox to allow foreign tourists to convert cryptocurrencies into baht for spending while navigating the country. The Bank of Thailand and Thai Securities & Exchange Commission have joined forces to make the program a reality. According to a local outlet, the initiative aims to modernize how international tourists interact with the local economy. According to Gulf Biance CEO Nirun Fuwattananukul: This crypto sandbox builds directly upon former premier Thaksin Shinawatra’s Phuket sandbox from late last year. Both share the core concept of allowing Bitcoin and cryptocurrencies as payment methods in tourist areas to drive adoption. The new sandbox proposal is no longer just limited to Phuket, but applies nationwide. Bangkok Post @BangkokPostNews · Follow Digital asset exchange operators have welcomed a joint effort between the Securities and Exchange Commission (SEC) and the Bank of Thailand to launch a crypto sandbox to allow foreign tourists to use digital assets in Thailand, saying the new initiative would drive crypto 3:08 pm · 17 Jul 2025 2 Reply Copy link Read 2 replies Meanwhile, the move establishes Thailand among the first countries in the Asia-Pacific region to merge crypto adoption with the tourism sector. The new sandbox will operate in a monitored environment, with certified providers offering financial services that allow travelers to exchange crypto for baht and spend seamlessly. Converting crypto into baht securely and legally The new initiative enables visitors holding tokens like Bitcoin and Ethereum to turn their digital holdings into the local baht through licensed service providers. That includes exchanges that operate under the oversight of the Thailand Securities & Exchange Commission. That reflects Thailand’s forward-thinking approach to encourage monetary innovation without sacrificing user safety and AML protocols. The Thai SEC threatened to restrict five trading platforms , including OKX and Bybit, for offering unlicensed services. Travelers will have their converted funds deposited into government-certified electronic wallets. They can then pay for anything across the country, whether shopping in Bangkok malls, paying for spas in Phuket, or purchasing street food in Bang Rak. The goal is to ensure that cryptocurrency holders, tech-savvy tourists, and digital nomads enjoy financial freedom in Thailand without dealing with traditional currency exchanges. A win for Thailand’s economy and tourists Thailand has long been the favorite country for global tourists due to its diverse attraction sites, including delicious food, beautiful beaches, affordable travel options, and rich culture. Moreover, it’s among the nations with great interest in cryptocurrencies. Thailand approved a capital gains tax exemption on legal crypto trading last month. The launched crypto sandbox will likely boost the country’s appeal. Tourists will enjoy more spending power, especially those who prefer holding cryptocurrencies over fiat. Further, it helps the Thai government better track finances for tax clarity, a challenging factor when tourists use unrecognized currency exchanges. Thailand’s crypto sandbox might attract similar moves by other countries. Successful incorporations could propel the Southeast Asia region into a crypto-friendly hub for travelers The post Thailand launches crypto sandbox to boost tourism spending appeared first on Invezz

17 Jul 2025, 09:59

Following Bithumb Exchange, Upbit Exchange Announced That It Will List This Altcoin! Here Are the Details

Upbit, one of South Korea's leading digital asset exchanges, announced new transaction support for the Caldera (ERA) token running on the Ethereum network. Upbit's Triple Market Support for Caldera (ERA): KRW, BTC, and USDT Trading Pairs Open ERA will be available for trading on KRW (Korean won), BTC and USDT trading pairs starting at 00:30 on July 18, 2025. Caldera (ERA) Begins Operations with Three Different Markets Supported markets: KRW, BTC, USDT Supported network: Ethereum Transaction start: July 18, 2025, 00:30 In-network transactions for ERA: Only Ethereum network is supported Contract address: 0xE2AD0BF751834f2fbdC62A41014f84d67cA1de2A The stock exchange warned that the start of trading may be postponed if minimum liquidity cannot be provided before the first transactions. Temporary Transaction Restrictions Buy orders will be restricted during the first 5 minutes. Specific limitations for the lowest selling price will be announced in advance. For the first 2 hours, only limit orders will be supported. Emphasis on Security and Compliance Upbit stated that it will only accept ERA transfers from authorized crypto service providers under its “Travel Rule.” This includes: Transfers from unsupported exchanges will be considered invalid. Transfers from personal wallets must be “wallet ownership verified”. For high-value transactions, a source document may be requested. Transfers made from the wrong network will be refunded, but significant delays may occur. What is Caldera (ERA)? Caldera is a “Rollup-as-a-Service” platform that offers custom Rollup infrastructures for Web3 projects. Caldera enables projects to develop customized Layer-2 solutions and also stands out with its Metalayer protocol, which enables communication and interoperability between different Ethereum rollups. Upbit highlighted the high volatility of digital assets, emphasizing that investors should act responsibly. It also warned that price differences with global exchanges and sudden liquidity fluctuations are possible. The launch of Caldera (ERA) on Upbit is being interpreted as a demonstration of the platform's commitment to global rollup infrastructure trends. Investors are advised to pursue technical monitoring and careful analysis, as well as short-term trading opportunities. *This is not investment advice. Continue Reading: Following Bithumb Exchange, Upbit Exchange Announced That It Will List This Altcoin! Here Are the Details

17 Jul 2025, 09:56

CRV Price Skyrockets 79% in a Week, Will Curve DAO Surge to its 7-Month High?

The post CRV Price Skyrockets 79% in a Week, Will Curve DAO Surge to its 7-Month High? appeared first on Coinpedia Fintech News Curve DAO has stunned the crypto market with a meteoric 79.32% price rally, over the past week and climbing 28.39% in the last 24 hours alone. With trading volume soaring by 72.78% to $727.58 million and the price reaching an intraday high of $0.993, CRV has officially broken free from months of consolidation. That being said, technical and on-chain signals now suggest that CRV’s parabolic breakout is more than just a speculative spike. As it’s a move driven by real scarcity and structural shifts. Intrigued by the numbers and metrics? Read this CRV price prediction for the short term. Scarcity Drives the Price Surge? One of the strongest reasons behind CRV’s rally is its growing scarcity across exchange platforms. Exchange netflows for CRV were at -2.67 million on July 16. This is a clear indication that more tokens are being withdrawn from trading platforms than deposited. Complementing this is CRV’s Stock-to-Flow (S2F) ratio, which just spiked to its highest-ever level. A high S2F ratio means limited new issuance and high scarcity. This makes ideal conditions for price appreciation, which is evident in the case of CRV. CRV Price Analysis: On the daily chart, the CRV token has broken out of a descending triangle pattern. The breakout has occurred with strong momentum, as shown by the price leaping from $0.773 to a recent high of $0.9872. Successively, Bollinger Bands show a strong expansion, confirming increased volatility and directional strength. That being said, RSI stands at an overbought zone of 84.99. Moving forward, the next resistance levels lie at $1.10 and $1.30, which align with historical supply zones. Meanwhile, a stop-loss at $0.89 can help manage risk in case of a freefall. FAQs Why is CRV price rising so fast? CRV is rising due to a technical breakout and on-chain signals showing reduced token availability on exchanges and heightened scarcity. Is now a good time to buy CRV? Momentum is strong, but RSI suggests short-term overbought conditions. Entry should be taken with caution and a stop-loss. What are the next price targets for CRV? Immediate resistance lies at $1.10, with a potential extension toward $1.30 if the bullish momentum continues.