Crypto treasury firms will need to do more than copy Strategy’s “playbook” to 
thrive as the market matures, and that competition could boost crypto markets.

Crypto treasuries ‘easy money’ ends, but that may be good for crypto

Two technicians in Hong Kong were arrested for allegedly stealing electricity 
from care homes for the disabled to run a covert cryptocurrency mining 
operation. Suspicious Activity Leads to Discovery Two technicians in Hong Kong 
have been arrested for allegedly stealing electricity from care homes for the 
disabled to power a covert bitcoin mining operation. The […]

Bitcoin Bandits Busted: Mining Rigs Found in Ceilings of Hong Kong Care Homes

XRP price gained pace for a move above the $3.00 resistance. The price is now 
consolidating gains and might start another increase above $3.080. XRP price 
is facing hurdles and struggling to clear the $3.080 resistance. The price is 
now trading above $3.00 and the 100-hourly Simple Moving Average. There is a 
key bullish trend line forming with support at $3.020 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to rise if 
it stays above the $2.950 zone. XRP Price Eyes Upside Break XRP price managed 
to stay above the $2.880 level and started a fresh increase, beating Bitcoin 
and Ethereum. The price climbed above the $2.920 and $2.980 resistance levels. 
The bulls even pumped the price above the $3.020 level. A high was formed at 
$3.0725 and the price is now consolidating gains. There was a minor decline 
and the price tested the 23.6% Fib retracement level of the upward move from 
the $2.9365 swing low to the $3.0725 high. The price is now trading above 
$3.00 and the 100-hourly Simple Moving Average. Besides, there is a key 
bullish trend line forming with support at $3.020 on the hourly chart of the 
XRP/USD pair. If the bulls protect the $3.00 support, the price could attempt 
another increase. On the upside, the price might face resistance near the 
$3.050 level. The first major resistance is near the $3.080 level. A clear 
move above the $3.080 resistance might send the price toward the $3.120 
resistance. Any more gains might send the price toward the $3.150 resistance. 
The next major hurdle for the bulls might be near $3.20. Downside Correction? 
If XRP fails to clear the $3.080 resistance zone, it could continue to move 
down. Initial support on the downside is near the $3.00 level. The next major 
support is near the $2.9880 level and the 50% Fib retracement level of the 
upward move from the $2.9365 swing low to the $3.0725 high. If there is a 
downside break and a close below the $2.9880 level, the price might continue 
to decline toward $2.950. The next major support sits near the $2.920 zone, 
below which the price could gain bearish momentum. Technical Indicators Hourly 
MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly 
RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $3.020 and $3.00. Major Resistance Levels – $3.080 and 
$3.120.

XRP Price Holds Firm – Fresh Rally Could Be Brewing

Despite a marginal recovery in the price of Bitcoin, the majority of bull 
market indicators for Bitcoin have now turned red, suggesting “momentum is 
clearly cooling.”

8 of 10 Bitcoin bull indicators turn bearish despite jump to $116K

As Ethereum (ETH) trades in the mid $4,000 range, the Chicago Mercantile 
Exchange (CME) futures open interest (OI) for the digital asset continues to 
hit new highs. Against that backdrop, analysts are now predicting a new all- 
time high (ATH) for ETH later this year. Ethereum New ATH By End Of 2025? 
According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum’s 
CME futures OI is steadily moving towards new highs. The analyst brought 
attention to past data about Ethereum futures OI to predict its next move. 
Related Reading: Ethereum Marches Upward Without Leverage Overheating – Sign 
Of Structural Health? Back in 2021-2022, Ethereum futures OI remained 
relatively low, largely dominated by 1-2 month contracts. At the time, 
although ETH gained bullish momentum, institutional exposure to the 
cryptocurrency on CME was still limited. In sharp contrast, during the 2022 
bear market, a drop in the ETH price led to a steep decline in its OI. While 
the period was still dominated by short-term contracts, long-term contracts 
stayed low, indicating weak institutional confidence in ETH. However, a trend 
change was observed during the 2023-2024 recovery as Ethereum OI started to 
rise again &#8211; specifically among 3-6 month contracts. Simultaneously, 
institutional demand grew alongside ETH’s price. Fast-forward to 2025, 
Ethereum OI has surged to new highs. As ETH rallied to the $4,500 to $5,000 
range, there was a noticeable growth in short-term contracts. This dynamic 
indicates strong institutional participation and demand for derivatives. The 
CryptoQuant analyst explained the implications of two potential combinations 
of OI and contract concentration. First, high OI with concentrated short-term 
contracts can lead to increased volatility, potentially leading to sharp 
swings and liquidation cascades. On the contrary, rising long-term OI in 3-6 
month contracts indicates growing institutional confidence and potential for 
higher ETH prices in the long-term. That said, crowded leveraged positions 
could trigger rapid corrections in the short term. PelinayPA added: ETH is 
trading around $5K (near ATH) with record OI on CME clear evidence of 
institutional FOMO. While this supports the ongoing bull trend, liquidation 
risk is high. Short term volatility and corrections are likely, but the medium 
to long term outlook remains bullish. Concluding, the analyst predicted that 
ETH could reach the $6,800 resistance level by the end of 2025. However, any 
deterioration in the global macroeconomic outlook could stall ETH’s momentum 
temporarily. Case For A New ETH ATH Besides the aforementioned prediction on 
the back of rising institutional interest in ETH, positive exchange data is 
also likely to benefit the cryptocurrency. For example, recent ETH outflows 
from Binance drove the supply ratio to a new low. Related Reading: Ethereum 
Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum In addition, an 
increasing amount of ETH continues to be staked on the Ethereum network, 
strengthening the smart contract platform’s fundamentals and making it more 
robust. At press time, ETH trades at $4,409, down 0.7% in the past 24 hours. 
Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Cryptocurrency price in BMD