The trading platform’s CEO has spoken out in defense of the newly launched investment products, following news that regulators are taking a closer look. In a Tuesday interview with Bloomberg, Tenev addressed the ongoing probe led by the Central Bank…

Robinhood defends stock tokens amid EU probe, says more firms want in

The growing role of blockchains in trade finance. The XDC Network offers a 
case study in cautious, incremental adoption.

$30 Trillion Trade System Still Uses Faxes – Can XDC Fix It?

Crypto analyst Jaydee has predicted a 50% rally for the XRP price. He 
highlighted a resistance level, which the altcoin needs to break above on its 
BTC pair to record this massive uptrend. XRP Price Eyes 50% Rally With Break 
Above $2.20 In an X post, Jaydee predicted that the XRP price will record a 
50% “moonshot” rally once it breaks above the $0.00002 resistance level on its 
Bitcoin pair. XRP has since broken above this resistance level, suggesting 
that this moonshot rally may be imminent, with the altcoin surging to as high 
as $3.35. Related Reading: Analyst Reveals Rational Behind XRP Price Reaching 
$9.5 And $37.5 A rally to $3.35 will bring the XRP price close to its current 
all-time high (ATH) of $3.84 and also mark a new yearly high for the altcoin. 
In a subsequent analysis, Jaydee confirmed that XRP could rally to new ATHs 
with a successful break above this resistance level. On the other hand, he 
warned that the altcoin could crash to as low as $1.60 if it fails to hold 
this level on at least the 3-day timeframe. Crypto analyst Guy also recently 
predicted that the XRP price could rally to a new ATH of $5.30. The analyst 
indicated that the $2.33 level is the key to kickstarting this uptrend for the 
altcoin. Once XRP breaks above, he predicts that it will rally to $2.55. A 
break above this $2.55 level would then pave the way for another rally to the 
current ATH and the Fibonacci extension at $5.30. Possible Scenarios Following 
Break Above $2.30 In an X post, crypto analyst CasiTrades outlined three 
potential scenarios that could unfold following the XRP price break above 
$2.30. The first scenario is the cleanest move, in which she predicts that XRP 
could run towards $2.45, then flips $2.30 into support on a backtest. 
CasiTrades remarked that this gives the altcoin a solid base for a move to 
$2.69 and beyond. Related Reading: Will XRP Dethrone Ethereum To Lead This 
Altcoin Season? For the second scenario, the crypto analyst described this as 
a more aggressive move. In this case, she predicts that the XRP price could 
record a sharp breakout through $2.30 and head straight to $2.69. From there, 
she added that the altcoin could pull back to $2.45 as the mid-way support 
zone before continuing its uptrend. The third scenario is the most bullish for 
the XRP price. CasiTrades predicts that the altcoin could break through $2.69, 
confirm this price level as support, and then clear the way towards $3 and 
above. This would then put the current ATH in sight for the altcoin. At the 
time of writing, the XRP price is trading at around $2.32, up over 2% in the 
last 24 hours, according to data from CoinMarketCap. Featured image from Getty 
Images, chart from Tradingview.com

Analyst Predicts 50% “Moonshot” For XRP Price If This Line Breaks

The exploit highlights vulnerabilities in DeFi platforms, potentially 
undermining trust and prompting stricter security measures industry-wide.
The post Top perps DEX GMX suspectedly hacked in re-entrancy attack, $GMX 
token plunges appeared first on Crypto Briefing.

Top perps DEX GMX suspectedly hacked in re-entrancy attack, $GMX token plunges

The race to put Wall Street on-chain just hit a new gear. Kraken, Backed, and 
BNB Chain are teaming up to bring tokenized stocks to one of crypto’s most 
active ecosystems, pushing xStocks into the mainstream. On July 9, crypto…

Kraken extends xStocks to BNB Chain, betting on DeFi as Wall Street’s successor

The Tokyo-based firm is doubling down on its Bitcoin strategy, now setting its 
sights on growing its reserve to the thousands. According to a July 9 
disclosure, Remixpoint has secured 31.5 billion yen, worth approximately $215 
million, through its latest…