Ethereum layer-2 growth and $830 million in spot ETH ETF inflows show investors’ true feelings even as the wider crypto market crumbles.

Ether price stable near $2.4K as crypto investors bet on long-term growth

The Dogecoin price is recording significant losses across multiple timeframes 
as the crypto market experiences a spike in selling pressure. The memecoin has 
been one of the worst performing cryptos over the past months as bull fail to 
push its price above critical levels. Related Reading: On-Chain Analyst Warns: 
Bitcoin Peak Expected, Altcoins Facing -95% Plunge At the time of writing, the 
Dogecoin price trades at $0.17, recording a 13% loss over the past seven days. 
On smaller timeframes, DOGE saw a 3% decline only topped by Solana. Dogecoin 
price trends to the downside on the daily chart. Source: DOGEUSDT on 
Tradingview Dogecoin Price On Ropes, Where Is DOGE Heading? According to top 
analyst Eliz, the Dogecoin price is at risk of falling to a dangerous area if 
it fails to sustain its current price. This ‘alarm zone’ is sitting around 
$0.14, if bulls fail to defend this area, the DOGE is at risk of falling 
deeper into the $0.12 to $0.08 and revisit levels last seen in 2024. Dogecoin 
price heading for a critical area. Source: Eliz883 via X As seen in the image 
above, the analyst remains hopeful that the cryptocurrency might rebound if it 
hits the ‘alarm zone.’ If this scenario comes to fruition, the cryptocurrency 
might reclaim its current levels and rise slightly towards the $0.2 area. The 
bullish momentum might push DOGE to previous highs on low timeframes, thus 
entering the $0.20 to $0.24 range. However, traders should remain cautious and 
watch closely for the coming price action before taking any position. Altcoin 
Season Could Save the DOGE Price Chris Burniske, former lead crypto analyst at 
Ark Invest, believes the altcoin sector is displaying some strength despite 
the Bitcoin sell off. While the top cryptocurrency seems to be cooling off, 
Burniske claims that Ethereum and Solana remain relatively healthy. Related 
Reading: Bear Signal Lingers On Dogecoin—Here’s Why That’s Bullish This factor 
might play in favor of a Dogecoin price rebound, even if the crypto hits the 
‘alarm zone.’ The analyst stated the following on the current altcoin cycle 
hinting at potential gains for DOGE and other cryptocurrencies: ETH showing 
more strength than acknowledged, and SOL processing major FTX unlocks that 
were once viciously FUD’d without much of a sweat. The dynamics of this bull 
are different from prior runs, largely owing to altcoin fatigue, memecoin 
mania, and TradFi finally “getting it,” but the bull is still alive. Cover 
image from ChatGPT, DOGE/USDT chart from Tradingview

Dogecoin Price Enters ‘Alarm Zone,’ Major Move Coming?

Ripple and the SEC have requested to pause their appeals while awaiting a 
decision that could finalize their settlement and conclude the prolonged case 
regarding XRP sales. SEC and Ripple Align on Pausing Appeals Pending Court 
Decision on XRP Case The U.S. Securities and Exchange Commission (SEC) and 
Ripple Labs informed the U.S. Court of […]

Ripple and SEC Ask Court to Pause Appeals as They Fight to End XRP Case

On-chain data shows XRP shark and whale population has climbed to a new record 
alongside a spike in activity on the blockchain. XRP Wallets With 1 Million+ 
Tokens Have Set A New Record In a new post on X, the on-chain analytics firm 
Santiment has discussed the latest trend in a couple of indicators related to 
the XRP network. The first metric of relevance is the &#8220;Supply Distribution,&#8221; 
which tells us, among other things, the number of wallets that belong to a 
particular coin range. Related Reading: Stablecoin Exchange Inflows Plummet 
$61 Billion—Warning Sign For Bitcoin? In the context of the current topic, the 
range of interest is above 1 million coins (with the upper bound being 
infinity). This cutoff for the range converts to about $2.2 million at the 
current exchange rate, which is quite significant. Naturally, the only 
investors who would qualify for this threshold would be the big-money ones. 
Such holders are popularly known as the sharks and whales. Generally, the 
influence of any entity on the network goes up the more coins that they hold, 
so this cohort, with its large holdings, can carry some degree of power. As 
such, the behavior of the sharks and whales can be worth keeping an eye on. If 
nothing else, it can at least inform us about what the sentiment may be like 
among these humongous investors. Now, here is the chart shared by Santiment 
that shows the trend in the Supply Distribution of these 1 million+ holders 
over the past year: As displayed in the above graph, the XRP Supply 
Distribution has recently registered an uptick for sharks and whales, implying 
more wallets carrying above a million coins have popped up on the network. 
This could be an indication that some new big-money investors have potentially 
joined the chain. Following the increase, the network now has 2,708 wallets of 
this size, which is a new record. In the same chart, the analytics firm has 
also attached the data of the second relevant metric: Daily Active Addresses. 
This indicator measures the unique total number of wallets that are becoming 
involved in some kind of transaction activity on the network every day, 
whether as a sender or receiver. Since the smaller entities like retail 
massively outweigh the large investors in terms of number, this metric 
essentially represents the amount of activity that the entities on the smaller 
end of the network are participating in. From the graph, it&#8217;s visible that the 
XRP Daily Active Addresses have recently observed a large spike. Over the past 
week, the metric has averaged a value of 295,000 addresses daily, which is a 
drastic jump over the 35,000 to 40,000 figure witnessed during the last three 
months. Related Reading: Dogecoin Must Hold This Level—Or Risk A 30% Price 
Crash &#8220;The XRP ledger is showing serious signs of growth, from both a usage 
and key stakeholder perspective,&#8221; notes Santiment. It now remains to be seen 
what effect, if any, these changes in network metrics would have on the 
cryptocurrency&#8217;s price. XRP Price XRP shot up beyond the $2.33 mark yesterday, 
but it seems bullish momentum has already faded as the coin has dropped back 
to $2.20. Featured image from Dall-E, Santiment.net, chart from 
TradingView.com

XRP Bullish Signal: Shark & Whale Wallets Set New All-Time High

Coinbase is targeting SEC approval to launch tokenized stock trading in the 
U.S., aiming to transform blockchain into a mainstream vehicle for equities 
and financial growth. SEC Approval Could Catapult Coinbase Into Tokenized 
Asset Powerhouse Cryptocurrency exchange Coinbase (Nasdaq: COIN) is pursuing 
regulatory clearance to introduce tokenized stock trading in the United 
States, Reuters reported […]

Coinbase Eyes SEC Approval to Launch Tokenized Stock Trading in US Market

Three JPMorgan executives met with the SEC’s Crypto Task Force to discuss 
which capital markets instruments could move onchain and how to best navigate 
the change.