CEA Industries just turned itself into a BNB proxy for institutional investors. With ex-Galaxy Digital leadership, $500 million secured and another $750 million in potential warrants, the company appears to be betting on Binance’s entire ecosystem. In a press release…

BNB crosses the corporate Rubicon in $500m CEA reserve strategy

South Korea&#8217;s first Korean won-backed stablecoin was recently launched in a 
test run by fanC in collaboration with financial software firm Initech. Could 
this be the start of Korea&#8217;s stablecoin bid? On August 5, fanC and Initech 
unveiled &#8220;KRWIN,&#8221; the…

South Korea’s first won-pegged stablecoin makes pilot debut: report

Crypto market analyst Ali Martinez is warning that XRP’s latest pullback could 
extend, citing a cluster of bearish signals across price, on-chain, and 
behavioral metrics. Why XRP Could Face A Deeper Correction In an X thread 
posted early Wednesday, Martinez opened with: “XRP may be headed for a deeper 
correction. Here’s why!” and pointed to a Tom DeMark Sequential sell signal on 
the three-day chart “right at the local top,” which he said “trigger[ed] the 
ongoing pullback.” His remarks follow a weekend note flagging $2.40 as the 
“next key support level to watch” after that three-day TD sell signal. 
Martinez expanded on market structure, arguing that while the $3.00 area has 
intermittently acted as support, historical accumulation patterns make $2.80 a 
temporary buffer, with “real support” beginning below $2.48—a zone he has 
mapped using on-chain positioning. Related Reading: XRP Price May Be 
‘Controlled’ By This Market, Says Analyst He reiterated on Aug. 3 that “past 
accumulation behavior points to $2.80 as a temporary buffer for XRP, but real 
support begins below $2.48,” adding that the most consequential level on his 
dashboard remains $2.40. Independent coverage of his analysis echoed those 
thresholds, framing $2.80 as a light cushion with heavier demand pockets 
sub-$2.50. Flow data has added to the bearish case in the near term. Martinez 
said whales have offloaded over 720 million XRP, intensifying sell-side 
pressure in recent sessions; earlier, on Aug. 2, he specified that “whales 
have sold over 710 million $XRP in the past 24 hours!” That spike in large- 
holder distribution has been picked up by multiple market trackers and recaps 
over the past few days. He also flagged the Market Value to Realized Value 
(MVRV) signal turning sharply negative. “The MVRV ratio just flashed a death 
cross,” Martinez wrote, calling it “another sign that a steeper correction 
could be underway.” The post underscores the crossover as a warning of rising 
downside risk if short-term holders’ cost basis begins to overhang market 
value. While “death cross” language is more commonly associated with moving- 
average pairs, Martinez uses the term here to describe a momentum break in 
MVRV curves. Related Reading: XRP MVRV Flashes Death Cross: More Decline 
Ahead? The TD Sequential—a Tom DeMark-designed exhaustion model often used to 
anticipate trend reversals—has been central to Martinez’s view since late 
July, when he tracked a three-day “sell” print near the top of the latest 
rally leg. He has since framed the path of least resistance as lower unless 
the market can establish sustained closes back above the high-volume node near 
$3.00–$3.20, while on-chain profiles continue to privilege $2.48–$2.40 as the 
area of “real” demand. As he put it on Aug. 3: “The next key support level to 
watch is $2.40!” For now, Martinez’s roadmap rests on three pillars: an 
exhaustion sell on the 3-day TD Sequential, large-holder distribution in the 
hundreds of millions of XRP, and a bearish MVRV crossover, all of which he 
argues raise the probability of a deeper corrective leg toward the high-$2s 
and, if momentum deteriorates, the mid-$2s. Whether bulls can defend the 
shallower buffers near $2.80 may determine if XRP’s decline remains a garden- 
variety pullback or morphs into a larger reset toward his $2.40 magnet. At 
press time, XRP traded at $2.93. Featured image created with DALL.E, chart 
from TradingView.com

XRP May Be Headed For A Deeper Correction, Warns Analyst

China’s security agency warns that biometric data collection by crypto firms, 
including iris scans, could endanger personal privacy and be exploited for 
espionage.

Eye-scanning crypto projects pose national security risks, China warns

Mantle staged a strong rally on Aug. 6, driven by surging network activity and 
large ETH reserve backing, while the broader crypto market remained under 
pressure from macroeconomic headwinds. According to data from crypto.news, 
Mantle (MNT) shot up 20% to…

Here’s why Mantle’s MNT rallied 20% today while the crypto market was down (08/06)

A recent study by Cryptoninjas shows that Generation Z leads in stablecoin 
usage, with 46% transacting monthly, compared to 30% of Millennials and 29% of 
Generation X. Current Adoption and Generational Divide Based on a new study by 
Cryptoninjas, about 53% of survey participants said they have already used 
stablecoins, while 39% were aware of […]