Invesco and Galaxy Digital have filed the initial documents to launch a spot Solana ETF, making the ninth similar entry to be put before US regulators.

Invesco Galaxy files for Solana ETF, 9 issuers now in the race

The latest figures reveal that the stablecoin economy expanded by 5.33% in 
July, with a $13.537 billion boost added over the course of the month. USDe, 
USDf Steal the Spotlight With 62.55% and 103% Jumps in One Month The 
stablecoin market keeps expanding, and if another $2.589 billion flows in next 
week, it’ll cross the […]

Stablecoin Explosion: Over $13.5B Added in July as Market Nears $270B Milestone

The long-standing debate over XRP’s price ceiling is still a strong 
discussion. In a recent post on social media platform X, fintech analyst 
Armando Pantoja argued that the notion of market capitalization limiting XRP’s 
rise to $1,000 is fundamentally flawed. His comment came alongside a short 
video clip in which he draws comparisons between crypto and early-stage 
technology companies like Microsoft. Why Market Cap Doesn’t Cap Technology In 
his video, Pantoja dismissed the idea among many investors that XRP’s market 
cap should be used as a rigid barrier against long-term price appreciation to 
the $1,000 price level. He noted that while technical analysis may be useful 
in the short term, it becomes less relevant when evaluating a token’s 
potential over an extended period. Related Reading: Pundit Says XRP’s Rise To 
$1,000 Will Happen A Lot Sooner Than Anticipated To drive his point home, he 
invoked a hypothetical scenario from the early 1990s, asking viewers to 
imagine those who doubted Microsoft’s growth because of its market cap. That 
kind of logic, he suggested, would have missed the wave of mass adoption 
driven by Microsoft. Pantoja insisted that applying stock market valuation 
metrics to crypto leads to misunderstandings, especially since tokens like XRP 
are more akin to technologies than companies. “Always the market cap is too 
high. What does that matter? It’s the technology that’s going to be adopted 
regardless,” he said. This means that XRP is expected to follow a different 
trajectory, one based more on network usage, utility, and long-term 
integration into global systems. This, in turn, would see increased demand for 
XRP and cause its price to barrel to $1,000. Community Reactions: XRP Battling 
With Momentum It is easy to point to the mathematical implications of XRP 
reaching $1,000, a valuation that would place its market cap in the tens of 
trillions. However, supporters like Pantoja counter that such thinking is 
based on outdated comparisons. Related Reading: Analyst Says XRP Price Is Now 
In Wave 4 — What To Expect As such, it is not surprising that Pantoja’s post 
has resonated well within the XRP community, especially among those who 
believe the token has far more room to grow than mainstream narratives allow. 
Nonetheless, the post also attracted some dissenters from those who believe 
that the price projection may be too high. Rather than focusing on circulating 
supply or market cap figures, Pantoja argued that long-term XRP valuation will 
hinge on the real-world adoption of its underlying technology. XRP, through 
its cross-border use cases, will undoubtedly gain much traction among banks 
and institutions, especially once the SEC-Ripple lawsuit is finally over. 
Interestingly, the $1,000 price target is more of a general consensus among a 
few other crypto analysts. BarriC, a crypto commentator, also posted on the 
social media platform X that there is a clear path for XRP to first move 
through $4, then $10 to $20, surpass $100, and finally reach $1,000. He frames 
it as a multi-stage trajectory based on institutional adoption and XRP’s 
infrastructure role in cross‑border payments. Dom Kwok, a former Goldman Sachs 
analyst and co‑founder of EasyA, projected long‑term targets stretching as 
high as $1,000 by 2030, also contingent on mass adoption. Anders, another XRP 
proponent, also floated $1,000 as a possible long‑term ceiling in comparison 
to Bitcoin’s potential of hitting the $1million target. Featured image from 
Getty Images, chart from Tradingview.com

Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why

Bitcoin exchange-traded funds (ETFs) experienced a historic $812 million 
outflow, their second-largest on record, while ether ETFs saw their 20-day 
green streak end with $152 million in losses. Bitcoin ETFs Record Second- 
Largest Outflow Ever As Ether ETFs Historic Inflow Ends The first day of 
August brought a brutal twist for crypto ETFs as both bitcoin […]

Massive Red Friday: Bitcoin and Ether ETFs See Combined $964 Million Outflow

Chainlink price continued its strong downward spiral as Bitcoin and most 
altcoins crashed. The Chainlink (LINK) token plummeted to a low of $15.68, 
about 20% below its July high. Chainlink whale buying continues LINK, like 
most altcoins, plunged this week…

Elliot Wave points to a Chainlink price rebound as whales buy

Bitcoin has broken below the critical $115K support level, reaching a new 
local low of approximately $112,700. After spending over two weeks 
consolidating in a tight range, BTC has now exited this phase with bearish 
momentum, raising concerns across the market. Traders and analysts are closely 
watching to see if Bitcoin can find strong demand around current levels to 
stabilize the price and prevent a deeper correction. Related Reading: Ethereum 
Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? Key 
data from CryptoQuant reveals that Short-Term Holders (STHs) are selling their 
Bitcoin at a loss, a typical pattern observed during retail capitulation 
events. Over the past 24 hours, a significant volume of BTC has been sent to 
exchanges at negative profit margins, signaling that weaker hands are being 
shaken out of the market. This selling pressure often marks the final stages 
of a correction phase, where panic-driven exits by STHs create potential 
accumulation opportunities for long-term investors. The next few sessions will 
be crucial, as Bitcoin needs to reclaim the $115K level to regain bullish 
structure. Otherwise, bears may attempt to drive prices lower, targeting the 
$110K zone. The market now looks for institutional demand or fresh capital 
inflows to absorb the ongoing retail-driven sell-off and stabilize the price. 
Short-Term Holders Sell Bitcoin At A Loss According to top analyst Maartunn, 
over the past 24 hours, 21,400 BTC were sent to exchanges at a loss by Short- 
Term Holders (STHs). This behavior is typical during Bitcoin drawdowns, where 
retail investors, driven by fear and emotional reactions to price swings, tend 
to sell their holdings at a loss. These capitulation events often amplify 
volatility, as panic selling creates sharp, short-term supply spikes on 
exchanges. However, despite this surge in loss-driven selling, on-chain data 
reveals a contrasting narrative among institutional players. The supply of 
Bitcoin in Over-The-Counter (OTC) desks continues to shrink, suggesting that 
large investors are actively buying during this correction. This divergence 
between retail capitulation and institutional accumulation points to a healthy 
market reset, where weaker hands exit while stronger hands build positions. 
Bitcoin’s momentum is now shifting from bullish caution to bearish fear. The 
recent breakdown below $115K raises the probability of further downside, with 
analysts eyeing the $112K level as a key support area. This level holds 
historical significance as the previous all-time high (ATH) set in May. If BTC 
finds strong demand at this zone, it could establish a solid foundation for 
the next bullish leg. Related Reading: Bitcoin Advanced Sentiment Index 
Reaches Bearish Levels: Futures Traders Show Caution BTC Price Analysis: 
Breakdown Below Key Support Levels Bitcoin (BTC) has broken down from its 
multi-week consolidation range, currently trading at $113,737 after losing the 
critical $115,724 support level. The chart shows a clear rejection at the 
$122,077 resistance zone, where multiple attempts to break higher failed over 
the past two weeks. This rejection led to an increase in bearish momentum, 
pushing the price below the 50 and 100-period SMAs, which are now acting as 
resistance at $117,853 and $114,838, respectively. BTC is now hovering just 
above the 200-period SMA at $110,308, which could act as a last line of 
defense for bulls. If this level holds, a potential bounce back to retest the 
$115K region might occur. However, if the price fails to find strong demand 
soon, the next downside target sits around $112K, which aligns with the 
previous all-time high from May. Related Reading: Bitcoin New Investor 
Dominance Rises – No Signs of Mass Profit-Taking Yet Volume spikes 
accompanying this breakdown indicate significant selling pressure, likely 
driven by short-term holders capitulating at a loss. Despite the bearish 
technical structure in the short term, broader market sentiment remains 
cautiously optimistic, as institutional accumulation continues in the 
background. The coming sessions will be critical to determine whether BTC can 
reclaim $115K or if further downside toward $110K becomes inevitable. Featured 
image from Dall-E, chart from TradingView