Malicious actors are targeting crypto executives through a new wave of AI- powered deepfake impersonation attacks, and Binance’s Changpeng Zhao (CZ) has joined the chorus of warnings. Commenting on the recent reports of a Zoom- based hacking scheme targeting industry figures, the…

CZ warns of AI deepfakes as more execs fall victim to Lazarus-linked zoom hacks

The cryptocurrency derivatives market has suffered heavy liquidations as 
altcoins like XRP (XRP) and Dogecoin (DOGE) have plummeted. Crypto Has Seen 
Almost $1 Billion In Liquidations During The Past Day According to data from 
CoinGlass, the cryptocurrency derivatives sector has been shaken up by a wave 
of liquidations in the last 24 hours. &#8220;Liquidation&#8221; here refers to the 
forceful closure that any open contract undergoes when its losses exceed a 
certain percentage (as defined by the platform). Related Reading: When Will 
Ethereum Turn Overheated? Report Says Watch This Level Below is a table that 
breaks down the numbers related to the latest liquidations in the digital 
assets market: As displayed, the cryptocurrency sector has seen a whopping 
$967 million in derivatives contract liquidations over the past day. Out of 
these, an overwhelming majority of the positions involved were long ones. More 
specifically, users betting on a bullish outcome took a beating of around $829 
million. These mass liquidations have come as assets across the market have 
witnessed some degree of bearish price action. The likes of XRP and Dogecoin 
are currently down about 10%. Interestingly, Bitcoin (BTC) hasn&#8217;t been 
affected by this latest sector-wide downturn, suggesting that the decline 
could be a result of investors rotating capital out of altcoins. Given BTC&#8217;s 
relatively flat action, it&#8217;s not surprising to see that the number one 
cryptocurrency hasn&#8217;t been leading in liquidations this time around. From the 
above heatmap, it&#8217;s visible that Ethereum (ETH) has topped the market with a 
derivatives flush of almost $200 million, while XRP has come second with 
liquidations of $115 million. Despite the fact that Bitcoin hasn&#8217;t actually 
moved much in the past day, users have still managed to rake up $84 million in 
liquidations. Solana (SOL) and Dogecoin wrap up the top 5 with figures sitting 
at $58 million and $56 million, respectively. The mass liquidation event from 
the past day may be a product of overheated conditions that had already been 
brewing in the sector. As on-chain analytics firm Glassnode has revealed in 
its latest weekly report, the Open Interest across the top altcoins has seen a 
significant increase since the start of July. The &#8220;Open Interest&#8221; here refers 
to an indicator that keeps track of the total amount of futures positions 
related to an asset that are currently open on all centralized exchanges. As 
shown in the chart, the metric&#8217;s combined value for Ethereum, Solana, XRP, and 
Dogecoin sat at $26 billion at the start of the month, but it has now grown to 
$44 billion. Related Reading: XRP Whales Move $759M In Token: What Are They Up 
To? Historically, an excess of leverage has often led to volatility for the 
market, so the latest squeeze could just be this effect in motion. XRP Price 
At the time of writing, XRP is floating around $3.17, down 4% in the last 
week. Featured image from Dall-E, Glassnode.com, CoinGlass.com, chart from 
TradingView.com

Crypto Liquidations Near $1 Billion As XRP, Dogecoin Crash 10%

Nature’s Miracle has unveiled a $20 million corporate treasury initiative 
focused on XRP, marking a significant move into crypto by a publicly traded 
vertical farming technology firm. Vertical Farming Firm Adopts XRP as Core 
Treasury Asset Nature’s Miracle Holding Inc. (NMHI), a vertical farming 
technology firm, has announced plans to establish a corporate treasury program 
[…]

Nature Miracle Launches $20 Million XRP Treasury

XRP has entered a period of quiet movement following its rally last week that 
pushed its price to new all-time highs. Particularly, XRP&#8217;s price has hovered 
between $3.40 and $3.60 over the past few days. This structure has caught the 
attention of crypto analyst CasiTrades, who shared her detailed outlook on the 
social media platform X. Her accompanying chart breaks down the ongoing setup 
and shows the significance of the $3.40 support alongside the bullish 
implications of XRP’s behavior just beneath the resistance zone. Former 
Resistance Now Support CasiTrades points to a classic bullish flip taking 
place in XRP’s chart pattern on the 1-hour candlestick timeframe. A key 
trendline, which had previously served as overhead resistance, has now been 
flipped and is acting as support. This shift has played out with precision, as 
price has tested the trendline three times and each bounce affirms that buyers 
are stepping in with confidence. According to her analysis, this kind of 
structural transition might be subtle, but momentum is quietly building up for 
XRP’s next price move. Related Reading: ‘XRP Is The End Game’ — Pundit Reveals 
Why It’s Better Than Bitcoin The trendline, which has now flipped to support, 
sits just above the $3.40 level, and its resilience has helped XRP avoid any 
serious breakdowns since last week. As long as this line continues to hold, 
bulls will remain in control. To sum it up, the analysis shows that XRP is now 
in an accumulation phase rather than exhaustion, which is notable considering 
its significant rise earlier in the first half of July. Furthermore, a look at 
the Relative Strength Index (RSI) on the 1-hour candlestick timeframe chart 
shows that there’s still room for momentum to push higher than $3.65 before 
the end of the month. However, the analyst also acknowledges that nothing is 
guaranteed. If the $3.40 support gives out, the XRP price could retrace to 
$3.20, where the 0.236 Fibonacci retracement level lines up. Other Fibonacci 
price levels to watch for a rebound are at $2.96, $2.76, $2.56, $2.50, and 
$2.27. Next Target Lies At $4.65 The trendline’s consistency, combined with 
the RSI levels, makes a stronger case for a breakout than a breakdown. The 
road ahead could open up well if XRP can bounce well at $3.40 and finally 
punch through the $3.60 to $3.66 resistance range. CasiTrades identified $4.65 
as the next major level to watch, a target derived from the 2.618 Fibonacci 
extension of the previous rally. In the meantime, a middle price level to 
watch is at $4.11 on the path to $4.65. &#8220;The volatility above here gets wild 
and fast,&#8221; the analyst said. Related Reading: XRP Headed For ‘Insane Levels’ — 
Major Predictions After Hitting 7-Year High Once the XRP price clears $3.65, 
the path to $4.65 becomes much more probable, especially if the wider market 
sentiment shifts in favor of bullish price action. Featured image from Getty 
Images, chart from Tradingview.com

XRP Price Showing Quiet Strength As Next Breakout Level Lies At $4.65

Ji Hun Kim became acting CEO of the Crypto Council for Innovation in December 
2024 after the departure of Sheila Warren.

Ex-Gemini, Kraken exec appointed as CEO of crypto advocacy group

Arbitrageurs who exploit price discrepancies between centralized and 
decentralized crypto exchanges are harming network decentralization, new 
research finds.