Hackers drained 193,000 SOL from SwissBorg’s Solana Earn program after a Kiln 
API was compromised, affecting 1% of users and 2% of assets.

SwissBorg hacked for $41M SOL after third-party API compromise

In the latest “The Weekly Insight,” analyst @CryptoinsightUK places XRP at the 
center of the next market advance—mapping a five-wave structure that targets 
Wave 3 ≈ $6.50, Wave 4 holding &gt; $5, and Wave 5 ≈ $9.69. The call is anchored 
in XRP’s relative strength and a broader macro setup that he describes 
bluntly: “I’m bullish. I’m bullish. I’m bullish.” Near term, he concedes 
Bitcoin can still “dip in the short term and reclaim some of the liquidity 
sitting below us,” but he argues that any shakeout precedes an aggressive 
upswing that should favor leaders like XRP. The author’s relative-strength 
case is explicit: “XRP has been leading the way this cycle,” adding it “is 
about to begin its next major leg higher.” He contrasts structures: “If you 
overlay the Ethereum chart on top of XRP’s, the difference is striking… XRP… 
held strong around all-time highs… has pushed above both its previous all-time 
high and the $2.70 swing high, and is now consolidating above them. Related 
Reading: XRP To Surpass Bitcoin? Pundit Reveals What Will Drive The Takeover 
Meanwhile, Ethereum is still struggling to reclaim and hold its all-time 
high.” He continues: “This relative strength is important… it could continue 
to outperform the largest altcoin in the market,” with spot ETF speculation 
for XRP “possibly coming in September or October” and potential policy 
tailwinds adding fuel. What Needs To Happen For XRP To Hit $9.69? Zooming out, 
the newsletter situates XRP within a risk-on macro backdrop that could lift 
Bitcoin and TOTAL/Total2 and, by extension, turbo-charge altcoin leadership. 
Equities breadth is the opening bid: the S&amp;P 500, Nasdaq, Dow Jones, and 
Russell 2000 are, he writes, “on the edge of or already in expansion,” with 
monthly RSI in overbought historically preceding “at least a few months, and 
often a prolonged period, of strong bull market activity.” He calls it a 
“clear signal, a green light for risk on.” On cross-asset signals, 
@CryptoinsightUK underscores the directional tie between Bitcoin and gold, 
despite gold’s “risk-off” label. Chinese gold demand and Western currency 
debasement, in his view, strengthen Bitcoin’s long-term case. Historically, 
gold bottoms have led Bitcoin bottoms by an average ~126 days across four 
instances; applied to the latest sequence, he sketches a probabilistic Bitcoin 
bottom window around September 15, 2025. The liquidity map remains pivotal. On 
higher timeframes, he sees “extremely dense” liquidity above Bitcoin, arguing 
that once the current range resolves, “the move will likely be sharp and 
aggressive,” with a roadmap that “quickly” carries BTC toward $144,000 and 
beyond. For alt breadth, he points to Total2. By his analog, today’s structure 
rhymes with an “orange circle” precursor from last cycle; from that point to 
the peak, alts rallied about 350% (technically ~366%). A repeat implies ~$7.73 
trillion for Total2—an environment in which “XRP will be one of the clear 
leaders in the next leg of this market cycle,” provided Bitcoin prints new 
highs and Total2 breaks out. Related Reading: XRP Will Never Crash 90% Again, 
Says Digital Ascension CEO The companion “Charts of the Week” (by 
@thecryptomann1) sharpen the market’s near-term complexion and how it may 
channel into XRP. Stablecoin exchange reserves (ETH- and Tron-based) sit at 
all-time highs—~$66 billion (≈ $53B USDT, $13B USDC), a cache of “dry powder” 
that could chase upside on a breakout or cushion a final dip toward ~$105,000 
on BTC before reversing. A caution flag: the 30-day change in aggregate whale 
holdings has “dropped off a cliff” recently—“alarming,” he notes, and not to 
be ignored even if it doesn’t spell disaster. Meanwhile, NUPL (Net Unrealized 
Profit/Loss) has been sliding as the market “takes back” profits from the past 
ten months; a revisit of the “yellow zone” (&lt;~0.5) could catalyze the next 
parabolic phase. Structurally, the realized price bands are yet to tag their 
upper bound, supporting a cycle view that BTC surpasses $200,000 before the 
run is done. Within that mosaic, XRP’s wave count and leadership profile are 
the through-line. The projected path—Wave 3 to ~$6.5, Wave 4 holding above $5, 
Wave 5 extending to ~$9.69—is presented as the high-conviction roadmap if 
Bitcoin’s final shakeout resolves higher, Total2 breaks to new cycle highs, 
and ETF/policy catalysts keep skewing flows toward XRP. To the author, those 
pieces add up to a market where “any pullback is a buying opportunity,” and 
where the path of least resistance—once the range resolves—is higher, with XRP 
positioned to lead. At press time XRP traded at $2.975. Featured image created 
with DALL.E, chart from TradingView.com

XRP Set to Lead Altcoin Boom With Explosive $9.69 Target, Says Analyst

The launch follows Nasdaq’s call for tighter scrutiny of corporate crypto 
holdings, which HashKey framed as a test for the industry.

HashKey launches $500M digital asset treasury fund in Hong Kong

Canaan Inc. has partnered with Luxor Technology Corporation to provide 
financing for bitcoin mining machines, beginning with a deal that enabled an 
unnamed U.S. institutional miner to acquire more than 5,000 Avalon A15 Pro 
rigs in August. Canaan Taps Luxor for Non-Dilutive Financing as Institutional 
Miner Buys 5,000+ Rigs Canaan disclosed on Monday that the […]

Luxor, Canaan Team up on Financing for 5,000+ Avalon A15 Pro Miners

The NFT sector has yet to recapture the enthusiasm of 2021-2022, forcing many 
NFT-centric companies like OpenSea to pivot to more in-demand crypto use 
cases.

Cryptocurrency price in THB