More than 125 organizations and companies are pressing Congress to preserve 
stablecoin rewards, warning that reinterpreting the GENIUS Act would limit 
consumer choice, weaken competition, and unravel a hard-won regulatory 
balance. Industry Coalition Defends Stablecoin Rewards Under GENIUS Act A 
coalition of digital asset and fintech groups moved to head off potential 
limits on stablecoin […]

Crypto Industry Moves to Defend Stablecoin Rewards as GENIUS Act Interpretation Tightens

The total crypto market cap fell to $2.93 trillion, its lowest since April, 
erasing yearly gains as analysts anticipated further declines.

Crypto market cap falls to 8-month low, analysts see more pain ahead

Real Vision CEO Raoul Pal said the key signal indicating whether Zcash shows 
the start of a rally is if it can hold up during a broader market uptrend.

Raoul Pal says capital rotation could be fuelling Zcash boom

XRP price failed to gain pace above $1.920 and trimmed gains. The price is now 
struggling and faces resistance near the $1.820 level. XRP price started a 
fresh decline below the $1.850 zone. The price is now trading below $1.850 and 
the 100-hourly Simple Moving Average. There is a bearish trend line forming 
with resistance at $1.920 on the hourly chart of the XRP/USD pair (data source 
from Kraken). The pair could continue to move down if it settles below $1.780. 
XRP Price Dips To New Weekly Lows XRP price attempted a recovery wave above 
$1.90 but failed to continue higher, like Bitcoin and Ethereum. The price 
started a fresh decline below $1.880 and $1.850. There was a move below the 
$1.820 support level. A low was formed at $1.7707, and the price is now 
showing bearish signs below the 23.6% Fib retracement level of the downward 
move from the $1.9331 swing high to the $1.7707 low. The price is now trading 
below $1.850 and the 100-hourly Simple Moving Average. There is also a bearish 
trend line forming with resistance at $1.920 on the hourly chart of the 
XRP/USD pair. If there is a fresh upward move, the price might face resistance 
near the $1.810 level. The first major resistance is near the $1.8520 level or 
the 50% Fib retracement level of the downward move from the $1.9331 swing high 
to the $1.7707 low. A close above $1.8520 could send the price to $1.880. The 
next hurdle sits at $1.920 and the trend line. A clear move above the $1.920 
resistance might send the price toward the $1.9650 resistance. Any more gains 
might send the price toward the $2.00 resistance. The next major hurdle for 
the bulls might be near $2.050. More Losses? If XRP fails to clear the $1.8520 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.780 level. The next major support is near the $1.7620 
level. If there is a downside break and a close below the $1.7620 level, the 
price might continue to decline toward $1.720. The next major support sits 
near the $1.70 zone, below which the price could continue lower toward $1.680. 
Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in 
the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD 
is now below the 50 level. Major Support Levels – $1.780 and $1.7620. Major 
Resistance Levels – $1.8520 and $1.920.

XRP Price Turns Lower as a Familiar Pattern Reappears Again

The lawsuit against Jump Trading highlights the ongoing legal and financial 
challenges in the crypto industry, affecting market stability.
The post Jump Trading sued for $4 billion over Terraform Labs fallout: Report 
appeared first on Crypto Briefing.

Cryptocurrency price in CNY