As RWAs cement themselves as crypto’s second-fastest-growing sector, a who’s-who of fintech and blockchain heavyweights are launching Ascend, a hyper-selective program designed to turn startups into the standard-bearers of institutional adoption. According to a press release shared with crypto.news on…

$24b RWA gold rush gets its elite bootcamp in Ascend startup accelerator

Bullish ignites institutional frenzy with its IPO roadshow, offering high- 
demand crypto equity exposure as regulated digital asset access heats up 
across traditional finance channels. Bullish Fires Up IPO Roadshow as Wall 
Street Chases Regulated Crypto Exposure Digital asset platform Bullish Ltd. 
announced on Aug. 4 that it has launched the roadshow for its initial public 
[…]

Bullish Sets NYSE Debut in Motion to Fuel the Next Wave of Digital Asset Deals

An analyst has pointed out that XRP has seen a death cross on its MVRV Ratio, 
a potential sign that a steeper drawdown could be coming. XRP MVRV Ratio Has 
Crossed Under Its 200-Day MA In a new post on X, analyst Ali Martinez has 
talked about a crossover that has occurred in the Market Value to Realized 
Value (MVRV) Ratio of XRP. The &#8220;MVRV Ratio&#8221; refers to an on-chain indicator 
that tells us how the Market Cap of the asset compares against its Realized 
Cap. The Realized Cap is a capitalization model that calculates the 
cryptocurrency&#8217;s total value by assuming the &#8216;real&#8217; value of each token in 
circulation is equal to the price at which it was last transacted on the 
blockchain. This is different from the Market Cap, which takes the current 
spot price as the same one value for the entire supply. As the last 
transaction of any token is likely to denote the last point at which it 
changed hands, the price at its time could be considered as its current cost 
basis. Thus, the Realized Cap, which adds up this value for all coins, is 
essentially the sum of the capital that the investors have put into the asset. 
Related Reading: Altcoin Season Here? 6 Key Metrics Show Market Shift Since 
the MVRV Ratio compares the Market Cap, which can be thought of as the current 
value held by the investors, against this initial investment, it provides a 
measure of the profit-loss balance of the market. When the value of the 
indicator is greater than 1, it means the holders as a whole are sitting on 
some net unrealized profit. On the other hand, it being under the cutoff 
implies the dominance of loss on the blockchain. Now, here is the chart for 
the XRP MVRV Ratio shared by the analyst that shows the trends in its daily 
value and 200-day moving average (MA) over the past year: As displayed in the 
above graph, the XRP MVRV Ratio has remained above the 1 mark (corresponding 
to 0% on the chart&#8217;s scale), suggesting the overall market has been in the 
green recently. There have been some fluctuations within this profitable 
region, however, like earlier in the year when the metric witnessed a drawdown 
during which it slipped below its 200-day MA. With the price surge in July, 
the indicator managed to recover back above the line, but after the latest 
decline, it has once again crossed below it. &#8220;The MVRV ratio flashed a death 
cross for XRP, suggesting a steeper correction could be underway!&#8221; explains 
Martinez. Related Reading: PENGU Down 11%, But These TA Signals Could Point To 
Rebound It now remains to be seen how the cryptocurrency&#8217;s price would develop 
from here, given the formation of this bearish crossover. XRP Price At the 
time of writing, XRP is trading around $3.00, down around 6.5% over the past 
week. Featured image from Dall-E, Santiment.net, chart from TradingView.com

XRP MVRV Flashes Death Cross: More Decline Ahead?

Companies like Coinbase and Paypal are taking advantage of the loopholes 
present in the stablecoin-focused GENIUS Act to offer &#8220;rewards&#8221; to depositors, 
even though it explicitly forbids issuers from distributing any form of 
interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase 
Offering &#8216;Rewards&#8217; to Stablecoin Holders Crypto companies are finding ways to 
circumvent […]

Stablecoin Companies Harness Loopholes in the GENIUS Act to Offer ‘Rewards’

Solana Mobile stands to earn at least $67.5 million from sales of the Seeker, 
which had pre-orders many times higher than the first-generation device.

Solana begins shipping Seeker mobile device  in over 50 countries

Grayscale reappoints founder Barry Silbert as chairman and hires top Wall 
Street talent as it looks to defend its ETF revenue lead and sharpen its 
institutional edge.