In another bullish development for the crypto industry, the U.S. Securities and Exchange Commission has approved in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. But what does it mean? On Tuesday, July 28, the SEC announced it…

US SEC approves in-kind redemptions for crypto ETPs

An analyst has pointed out how Pudgy Penguins (PENGU) is showing multiple TA 
signals that could hint that a rebound may be coming. Pudgy Penguins May Be 
Gearing Up For A Rebound In a new post on X, analyst Ali Martinez has talked 
about some signals forming in the hourly price of Pudgy Penguins. Below is the 
PENGU chart shared by Martinez, highlighting these bullish setups that have 
appeared recently. First, the Tom Demark (TD) Sequential has flashed a buy 
signal for PENGU. The TD Sequential is an indicator that&#8217;s used for locating 
points of probable reversal in any asset&#8217;s price. It involves two phases: 
setup and countdown. In the first phase, the setup, candles of the same color 
are counted up to nine, with the ninth candle marking a potential top or 
bottom for the asset. The countdown picks up where the setup left and goes on 
for another thirteen candles, before the price is considered to have arrived 
at another reversal. Related Reading: $141,000 Could Be Next Key Bitcoin 
Resistance If Price Breaks Higher, Report Says The TD Sequential has completed 
the former type of phase with nine red candles for Pudgy Penguins recently, 
which indicates that the cryptocurrency may be near or at a bottom. The second 
signal forming for the coin is the divergence between its price and its 
Relative Strength Index (RSI). The RSI keeps track of the speed and magnitude 
of changes occurring in a given asset. From the chart, it&#8217;s apparent that the 
metric fell into the area below 30 earlier. This zone corresponds to oversold 
conditions. It&#8217;s also visible, however, that it has since climbed back out of 
the region while PENGU has continued to decline. Such a divergence is usually 
considered to be a bullish signal. Lastly, the cryptocurrency is currently 
sitting near the support level of a short-term Parallel Channel. This pattern 
appears whenever an asset&#8217;s price consolidates between two parallel 
trendlines. There are three different types of Parallel Channels, but the 
version relevant here involves trendlines that are parallel to the time-axis. 
That is, the variant where the asset consolidates in an exactly sideways 
manner. The lower line of a Parallel Channel is assumed to be a source of 
support, while the upper one that of resistance. As such, given that PENGU is 
sliding down toward the bottom line of the pattern currently, it&#8217;s possible 
that it might find a turnaround. Related Reading: Bitcoin Buying Spree Ends On 
Coinbase: Temporary Pause Or Trend Shift? Given all these TA signals, a 
bullish rebound may be on the cards for the cryptocurrency. &#8220;All signs point 
to liftoff!&#8221; notes Martinez. It now remains to be seen how the coin will 
develop in the coming days. PENGU Price At the time of writing, PENGU is 
floating around $0.037, down 11% in the last seven days. Featured image from 
Dall-E, charts from TradingView.com

PENGU Down 11%, But These TA Signals Could Point To Rebound

Over 10 million have been potentially targeted by a malware campaign designed 
to steal crypto and credentials, say cybersecurity researchers at Check Point.

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Ethena’s total value locked has surged by an impressive 50% in the past month, 
with ENA posting significant price gains. According to DeFiLlama data, 
Ethena&#8217;s (ENA) TVL was $8.44 billion at the end of July. Compared to $5.46 
billion at…

Ethena’s TVL tops $8B after 50% monthly gain — can ENA sustain uptrend above $0.60?

A high-profile crypto fraud imploded as AML Bitcoin’s founder was sentenced to 
seven years in prison after duping investors with fake tech, fake deals, and 
lavish spending. AML Bitcoin Crashes With 7-Year Prison Verdict and No Real 
Tech Behind It The U.S. Department of Justice (DOJ) announced on July 29 that 
Rowland Marcus Andrade, founder […]

AML Bitcoin Founder Sentenced as DOJ Uncovers Lavish Fraud Fueled by Lies

XRP price started a downside correction below the $3.120 zone. The price is 
now attempting a recovery and might aim for a move above the $3.1650 level. 
XRP price is attempting to start a fresh increase from the $3.00 zone. The 
price is now trading below $3.180 and the 100-hourly Simple Moving Average. 
There is a bearish trend line forming with resistance at $3.150 on the hourly 
chart of the XRP/USD pair (data source from Kraken). The pair could start 
another increase if it stays above the $3.00 zone. XRP Price Eyes Upside Break 
XRP price started a fresh decline below the $3.20 zone, unlike Bitcoin and 
Ethereum. The price declined below the $3.120 and $3.080 support levels. The 
bears even pushed the price below the $3.020 support zone. Finally, the bulls 
appeared near the $3.00 level. A low was formed at $2.999 and the price is now 
attempting a recovery wave. There was a move above the $3.050 and $3.080 
levels. The price surpassed the 23.6% Fib retracement level of the downward 
move from the $3.330 swing high to the $2.999 low. The price is now trading 
below $3.150 and the 100-hourly Simple Moving Average. There is also a bearish 
trend line forming with resistance at $3.150 on the hourly chart of the 
XRP/USD pair. On the upside, the price might face resistance near the $3.150 
level. The first major resistance is near the $3.1650 level. A clear move 
above the $3.1650 resistance might send the price toward the $3.20 resistance. 
Any more gains might send the price toward the $3.250 resistance or even $3.30 
in the near term. The next major hurdle for the bulls might be near the $3.350 
zone. Another Drop? If XRP fails to clear the $3.1650 resistance zone, it 
could start another decline. Initial support on the downside is near the 
$3.080 level. The next major support is near the $3.00 level. If there is a 
downside break and a close below the $3.00 level, the price might continue to 
decline toward the $2.920 support. The next major support sits near the $2.850 
zone where the bulls might take a stand. Technical Indicators Hourly MACD – 
The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $3.080 and $3.00. Major Resistance Levels – $3.1650 and 
$3.20.