Hyperscale Data is locking XRP on its balance sheet with unwavering conviction, reinforcing its bold crypto treasury strategy as it advances deeper into AI infrastructure leadership. XRP Stays on Balance Sheet With Hyperscale Data Planning Aggressive Hold Period Hyperscale Data Inc. (NYSE American: GPUS) announced this week that its proposed acquisition of up to $10 […]

XRP Set to Anchor Treasury Strategy as Hyperscale Data Evaluates Long-Term Hold Plan

Total NFT sales decreased by 10% in the previous seven days, reaching $155 
million. The weekly decline was primarily due to CryptoPunks.

NFT sales plunge as CryptoPunks, Pudgy Penguins demand wanes

The Bitcoin market has been showing signs of increasing selling pressure, with 
its recent price action hinting at an even deeper distribution phase unfolding 
beneath the surface. Wyckoff Pattern Reveals Imminent Breakdown In an August 2 
post on the social media platform X, crypto analyst Joao Wedson explained how 
the Bitcoin price may be at risk of a downturn over the coming months. The 
analyst based his conclusion on the Wyckoff Distribution model, a technical 
analysis framework that describes how smart money sells off assets at the top 
of a market cycle. Related Reading: Bitcoin Advanced Sentiment Index Reaches 
Bearish Levels: Futures Traders Show Caution Wedson highlighted in the post 
that a 13-phase schematic is unfolding in real-time, which signals that the 
institutional investors (known as “smart money”) are preparing to exit the 
market, even as the retail traders remain hopeful. The analyst started his 
breakdown with the Preliminary Supply (PSY) phase, where there are subtle 
signs of institutional sales, and a Buying Climax, where price hits a peak due 
to exhausted demand. This phase is then followed by an Automatic Reaction 
(AR), a sharp drop in Bitcoin&#8217;s price, defining the bottom of the distribution 
range. The fourth and fifth phases are Secondary Tests (ST), where price 
retests the highs of the distribution range, but with weaker momentum and 
volume. As the pattern matures, the price enters Phase B with sideways 
movement, confusing retail participants as the institutions quietly offload 
their coins. The most irrefutable signs appear in phases C and D, where there 
is first a Sign of Weakness (SOW), often characterized by a strong breakdown 
with volume; this is a major signal of demand fading. Then, there is a Last 
Point of Supply (LPSY), a weak rally towards the upside, which typically 
creates good setups for shorts. Finally, still within phases C and D, a break 
of ICE leads to a deeper fall, after which a second LPSY trap follows to seal 
the distribution. Is The Altcoin Rally Underway? Going further, Wedson pointed 
out that the market makers are rotating into altcoins. According to the 
analyst, altcoins are already exiting their accumulation zones and are being 
positioned for structural markups, reflecting increasing interest in the 
altcoin market. In contrast, Bitcoin has entered a weekly distribution phase, 
which may reflect as a weak or modest performance in the near term. Wedson 
added that, by the end of 2025, there will be a full rotation from BTC to 
altcoins, and then finally to fiat. As of this writing, Bitcoin is valued at 
about $113,439, reflecting no significant movement in the past 24 hours. 
Related Reading: Record Bitcoin Prices Propel Strategy To First Profit In Six 
Quarters Featured image from iStock, chart from TradingView

Bitcoin Enters Wyckoff Distribution — Time For Altcoins To Shine?

This is a follow-up interview to a three-part series of interviews with 
William Quigley, a crypto investor and co-founder of WAX and Tether.

Interview | WAX and Tether co-founder on the impact of the GENIUS Act on the tokenization of the global financial markets

XRP traded at $2.85 to $2.88 per coin over the last hour on August 3, 2025, 
marking a 2.2% decline over the past 24 hours. The cryptocurrency’s market 
capitalization stood at $170.83 billion, with a 24-hour trading volume of 
$7.48 billion and an intraday price range of $2.75 to $2.94. XRP The 1-hour 
chart for […]

XRP Price Watch: Is This a Local Bottom or a Bull Trap?

Bitcoin exchange inflows have been increasing for over a month, and the latest 
BTC price drawdown has made nervous sellers double down.