Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base.

Arcadia Finance users reimbursed by DeFi hack insurance

Amid the pressure President Trump has been piling on Federal Reserve Chair 
Jerome Powell, traders are now leaning heavily toward the idea of a small rate 
trim. CME’s Fedwatch data shows an 85.7% probability that a quarter-point cut 
is on the horizon, making it the clear favorite in the market’s playbook. 
Kalshi, Polymarket, and Wall […]

Prediction Markets and CME Fedwatch Data Place Sky-High Odds on Fed Rate Cut for September

France&#8217;s National Rally&#8217;s shift to Bitcoin could signal a broader acceptance 
of crypto in politics, impacting energy policy and economic strategies.
The post France&#8217;s far-right National Rally unexpectedly warms to Bitcoin after 
years of opposition appeared first on Crypto Briefing.

France’s far-right National Rally unexpectedly warms to Bitcoin after years of opposition

Bitcoin is trying to start a recovery from $112,000, but bears may pose a 
substantial challenge at $117,000 and then at $120,000.

Price predictions 8/4: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, XLM

The digital exchange operator and media company is eyeing an initial public 
offering of between $28 and $31 per share, regulatory filings show.

CoinDesk owner Bullish eyes $4.2B valuation in IPO backed by BlackRock, ARK

Crypto analyst Egrag Crypto has advised XRP investors not to panic as they 
make their next move in the market. This came as he revealed levels to watch 
out for as the altcoin retraces alongside the broader crypto market. Analyst 
Advises XRP Investors Amid Market Correction In an X post, Egrag Crypto told 
XRP investors, especially the newbies, that they should not let fear dictate 
their next moves. The analyst also commented on the current price action, 
stating that investors will see where the market settles by the end of the 
day. In line with this, he revealed levels that investors should keep an eye 
on. Related Reading: Bitcoin Maxi Blasts XRP Investors With ‘Retarded’ Tag 
Amid Price Drop The crypto analyst stated that if the XRP price maintains 
closures above $2.80, then it is still in a super bullish position. 
Furthermore, he claimed that a close near $2.65 keeps the altcoin within a 
strong structural formation. Meanwhile, Egrag Crypto also raised the 
possibility of a wick down to $2.34, which would represent a 30% retracement. 
Whatever happens, the analyst is still confident that the altcoin will rally 
to higher prices at some point. As such, he advised XRP investors to stay 
steady and strong, stating that they should soon fly, indicating another 
parabolic rally was on the horizon. However, in the short term, a steeper 
price correction might occur, according to crypto analyst Ali Martinez. In an 
X post, the analyst said that the Market Value to Realized Value (MVRV) ratio 
flashed a death cross for XRP, suggesting that a steeper correction could be 
underway. His accompanying chart showed that the altcoin could drop to the 
psychological $2 price level on this decline. In another X post, Ali Martinez 
said that the on-chain data shows that past accumulation behavior points to 
$2.80 being a temporary buffer for XRP. Meanwhile, the real support begins 
below $2.48. Long-Term Update For The Altcoin In an X post, Egrag Crypto 
provided an update on his analysis of XRP’s 6-month chart. He noted that the 
altcoin has just less than five months left until this candle closes. Based on 
this, he questioned whether it can still make history by breaking the chasm of 
whether the top might already be in. Related Reading: Analyst Predicts 
Historical 90% XRP Crash Against Bitcoin, But This Will Happen First However, 
the analyst believes that the market top isn’t in and that the last leg for 
the XRP price is still imminent, something he claimed would be “epic.” Egrag 
Crypto stated that the Non-Log Scale measured move puts the altcoin at a 
market top of around $4.89. On the other hand, the Log Scale measured move 
shows a market top of $48.90. The analyst noted that he is adopting an average 
approach between the two targets. As such, he sees XRP reaching at least $27. 
At the time of writing, the XRP price is trading at around $2.97, up almost 5% 
in the last 24 hours, according to data from CoinMarketCap. Featured image 
from Getty Images, chart from Tradingview.com