Eric Trump&#8217;s Ethereum success highlights the unpredictable nature of crypto markets and the potential for significant rebounds amid volatility. The post Eric Trump mocks Ethereum bears after ETH bounces 35% from his call appeared first on Crypto Briefing.

Eric Trump mocks Ethereum bears after ETH bounces 35% from his call

After years of silence, a SpaceX-linked wallet has suddenly moved $152 million 
in Bitcoin, prompting fresh concerns over what it could mean for BTC’s next 
price move. According to data from blockchain analytics platform Arkham 
Intelligence, on July 22, a…

Is Bitcoin at risk of correction as SpaceX wallet moves $152m in BTC after three years?

Over the last few weeks, XRP has creeped up slowly but surely to become one of 
the most talked-about cryptocurrencies in the space. Its price has also risen 
steadily through this time, beating the $3.6 level to reach new seven-year 
highs and triggering momentum for higher prices. While the community 
celebrates this milestone, there is the fact that the altcoin has not made a 
new all-time high, and even with all of the recent push, its inability to 
reach new peaks has become a cause for concern. Are XRP Investors Getting The 
Short End Of The Stick? In a TradingView post, crypto analyst ICharted made a 
shocking allegation, namely that XRP investors are being ripped off. The 
analyst pointed out that the fact that a number of bullish developments have 
emerged in recent times and the XRP price is still sitting well below its all- 
time high levels shows that investors were getting the short end of the stick. 
Related Reading: Dogecoin Whale Bets $21 Million After $2.14M Profit – What’s 
Going On? The analyst listed out seven developments that have been bullish for 
the XRP price and should’ve already pushed it to new peaks. First on the list 
is the election of US President Donald Trump, who is the first pro-crypto 
president in history. Despite the market surge triggered by Trump’s election, 
XRP has remained well below its all-time highs. Next on the list is the fact 
that the Ripple case brought by the Securities and Exchange Commission (SEC) 
in 2020 is nearing its end, and this has also triggered a surge. But it was 
still not enough for new peaks. This also comes amid mass adoption as Ripple 
becomes the foremost crypto settlement company in the industry. ICharted also 
pointed out the myriad of partnerships that Ripple has inked, spanning from 
payments to real estate, and yet the XRP price continues to struggle. This has 
put XRP in the eye of the public, making it a well-known cryptocurrency, 
especially as it plans to take on SWIFT, but it is still sitting below all- 
time highs. Related Reading: Bitcoin Re-Enters Profit Zone As Greed Rises, But 
Rally To $200,000 Still Possible The rise in the volume in the past year is 
another development the analyst points to, as well as the fact that it was 
able to receive an ETF approval this year, which began trading last week. 
Then, last but not least, is the fact that the US Congress has passed multiple 
favourable crypto bills this year, and yet the XRP price remains below its 
2018 peaks. Given that none of these have been able to push the XRP price to 
new all-time highs, the analyst warned investors that they are being ripped up 
on the price action. ICharted pointed to a possible price crash back to the $2 
level soon, predicting that a free fall will begin in August. “The Feds are 
soon going to cut rates multiple times. Bitcoin tanks everytime that happens,” 
the analyst warned. Featured image from Dall.E, chart from TradingView.com

Analyst Says XRP Investors Are Getting Ripped Off — Here’s Why

The Financial Times cited an unidentified source saying CEO Jamie Dimon’s 
previous remarks about Bitcoin had alienated some potential clients.

JPMorgan exploring crypto-backed loans amid stablecoin push: FT

Western Union CEO Devin McGranahan views the growing stablecoin adoption wave 
as an opportunity, despite concerns held by traditional banking institutions 
that view it as a threat. In an interview with Bloomberg, McGranahan 
highlighted the opportunities presented by the global…

Western Union CEO: Stablecoins are an opportunity, not a threat

JPMorgan Chase is reportedly exploring the possibility of lending against 
clients&#8217; cryptocurrency holdings, marking a significant shift in the bank&#8217;s 
stance on digital assets, according to the FT. This potential policy change 
comes as the largest U.S. banks increasingly embrace cryptocurrencies, despite 
CEO Jamie Dimon&#8217;s previous criticisms of bitcoin, which he once labeled a 
&#8220;fraud.&#8221; […]