Impermanent loss has been a major factor preventing crypto holders from becoming liquidity providers on decentralized finance platforms.

Creative leverage solves the impermanent loss problem — Curve founder

The Salvadoran Legislative Assembly, which is almost completely controlled by 
President Nayib Bukele, passed a reform that explicitly allows the president 
to opt for reelection as many times as desired. While many praised the change, 
others claim that this is similar to what Hugo Chávez did in Venezuela. 
Bukele-Controlled Legislative Assembly Passes &#8216;Indefinite&#8217; Re-Election 
Changes, […]

Is Bukele the Next Chávez? Salvadoran Legislative Assembly Passes ‘Indefinite’ Re-Election Reform

The disappearing Satoshi statue, symbolizing Bitcoin’s anonymity, was stolen 
in Lugano. Organizers are offering 0.1 BTC to anyone who helps retrieve it.

Disappearing Satoshi statue in Lugano stolen, 0.1 BTC offered for its return

Internxt is creating a digital world that respects user privacy by making the 
ultimate web-3 privacy-first suite a reality. Internxt Drive, Mail, Send, 
Meet, Cleaner, Antivirus, VPN, and more. Fran Villalba Segarra (Spain, 1997) 
is the Founder and CEO of Internxt. He recently joined the Bitcoin.com News 
Podcast to talk about how to make the […]

Privacy Revolution: The Internxt Journey With Founder and CEO Fran Villalba Segarra

XRP prices are down by over 5% in the last day amid a broader price correction 
in the general crypto market. The prominent altcoin now trades around $2.81 
with no indication of a potential pause in selling momentum. While this crisis 
persists, popular X analyst with the username Egrag Crypto has helped identify 
the currently crucial support and resistance levels for the market bulls. 
Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst 
Hold $2.65 Or Risk Collapse, Break $3.12 And Set For Rally In an X post on 
August 2, Egrag Crypto shares an interesting technical insight on the XRP 
market currently undergoing an intense correction wave. According to the 
renowned analyst, macro analysis indicates the altcoin retains a bullish 
structure; however, the present price correction can only be terminated via 
two pathways. Firstly, micro price analysis suggests that XRP must achieve a 
daily price close above $3.12 to signal a market bottom entry. In doing so, 
the cryptocurrency reclaims a pivotal resistance level, paving the way for a 
potential rise to higher levels such as $3.60. On the other hand, the 
immediate major support level lies around $2.65. Egrag Crypto explains that a 
continuous price decline to successfully retest this price floor may ignite a 
rally, pushing XRP to its current all-time high of $3.84. However, any 
decisive price break below $2.65 could create a rather dire situation, 
pointing to potential lows around $2.19. Related Reading: Exchanges Receive 
21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? XRP 
Surge To $17 Remains On The Cards In other news, Egrag Crypto&#8217;s analysis also 
reveals that XRP remains in a macro, long-term cyclical pattern that shows a 
multi-year bullish cycle, with recurring structural traits. The key elements 
in this pattern include bullish pennant formation, which suggests a 
continuation pattern, the 21 EMA (Green dotted line) that historically aligns 
with significant trend shifts, the Support Arc (Red line), and the Market 
Cycle Top (blue line). Notably, XRP has since emerged from the bull pennant 
signaling intentions to maintain its current uptrend. However, the altcoin 
faces an insurmountable resistance around $3.84, which aligns with an 
intersection between the mid-cycle top and the 21 EMA line. If XRP can 
successfully break past this price barrier, investors should anticipate a 
direct rally to the projected cycle top $17, representing a potential 525% 
gain on present market prices. At the time of writing, XRP trades at $2.81, 
reflecting a 5.32% decline in the past day as earlier stated. This recent 
price fall underscores a turbulent trading period for the altcoin, which lost 
over 11.38% of its market value in the last week. However, a monthly price 
gain of 22.18% indicates a significant number of investors remain in profit 
despite these corrections. Featured image from Pexels, chart from Tradingview

XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst

American Bitcoin Corporation (ABC), the Trump family-backed Bitcoin mining 
firm, is nearing completion of its backdoor merger with Gryphon Digital Mining 
to go public on Nasdaq. This article is from Theminermag, a trade publication 
for the cryptocurrency mining industry, focusing on the latest news and 
research on institutional bitcoin mining companies. On July 31, Gryphon […]