A year after lifting its ban on cryptocurrencies, Bolivia has partnered with El Salvador to advance its digital asset policy and infrastructure. Is Bolivia going all in on crypto? Bolivia, a country grappling with economic instability, and El Salvador, one…

Bolivia looks to El Salvador for crypto guidance as locals turn to digital currencies

Bitcoin staking platform Solv Protocol has announced BTC+, a new structured 
yield vault designed to generate BTC-denominated returns. According to an 
August 1 X post, the vault helps generate interest from idle Bitcoin by 
deploying capital across DeFi, CeFi, and…

Solv Protocol launches BTC+ vault to unlock yield from idle Bitcoin

After rising to a new 7-year high off the back of strong buys, the XRP price 
has moved back downward in search of new support levels. This move has been 
spurred by the general bearish sentiment that has plagued the market as the 
Bitcoin price struggled to reclaim its all-time high levels, putting altcoins 
at risk once again. On its own, the XRP price is facing unique barriers, 
especially when it comes to buying, which could trigger another wave of 
decline. Directions The XRP Price Could Go Crypto analyst Thecafetrader has 
highlighted the possible directions that the XRP price could go in following 
its decline. These include both bullish and bearish directions, both being 
decided by buyers and how much weight they put behind their positions during 
this time. Related Reading: XRP Price To Climb 44% To $4.804 As Long As This 
Level Holds The first point that the analyst makes is the fact that the XRP 
price rally was driven by massive buyers. These buys had triggered a breakout 
above the 2024 highs, but met resistance from sellers once again. Thus, it 
suggests that bulls have been trapped at higher prices inside their positions. 
However, this is not the most concerning development. One thing that the 
analyst points out is the major decline in trading volume despite XRP hitting 
new highs this year. For example, back in 2024, when the XRP price had first 
crossed the $3 mark, the daily trading volume had peaked above $78 billion. 
But with the new highs above $3.6, the highest daily trading volume recorded 
was just above $41 billion. Given this, it suggests that there is a major 
decline in buying interest, especially as conviction has been impacted by the 
price decline. Interestingly, though, the buyers are not the only ones who 
seem to be abstaining from the XRP altcoin at this point. According to the 
analyst, there are no “real” sellers that are moving into the market. 
Therefore, there is still bullish momentum for a possible recovery back to 
$4.64. Related Reading: XRP, Dogecoin, And Shiba Inu Get Major Boost From 
Gemini Exchange Announcement Moving to the more bearish side, the analyst 
explains that the XRP price does need the strong buyers to step in to continue 
an uptrend. If these buyers fail to hold up, then the XRP price does risk 
crashing back downward from the initial $2.95 point of interest. The targets 
for such a decline are placed by the crypto analyst at $3.13 initially. 
However, the more the price struggles, the lower the targets go. Next is the 
$2.95 territory, then $2.15-$2.3, which the analyst calls a “good price” for 
entry. Then last but not least is the $1.60-$1.93 range, marked as a “steal.” 
Featured image from Dall.E, chart from TradingView.com

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

A broad sell-off hit the crypto market on the first day of August, with total 
market capitalization falling 6.6% to $3.8 trillion amid macroeconomic 
tensions. Bitcoin (BTC) fell 2.4% to $115,354, while Ethereum (ETH) declined 
4.1% to $3,702. Solana (SOL),…

Why is crypto down today? Liquidations hit $629M BTC, ETH, XRP dip

The Ether Machine has purchased nearly 15,000 ETH worth $56.9 million, 
reinforcing its long-term strategy to build a large institutional-grade ETH 
treasury. The announcement coincides with Ethereum’s 10th anniversary and 
includes a $100,000 donation to the Protocol Guild. Ethereum Turns 10: The 
Ether Machine Marks Milestone with Major ETH Buy The Ether Machine marked 
Ethereum’s […]

Ether Machine Adds 15,000 ETH to Treasury to Become 3rd Largest ETH Holder

Strategy’s Michael Saylor wants the US government to clearly define digital 
securities and commodities, as well as state when it is allowable to tokenize 
securities.