After an initial dip following its listing on multiple exchanges, Succinct’s native token PROVE reversed course and surged on Aug. 6. According to data from CoinGecko, Succinct (PROVE) surged 150% to an intraday high of $1.52 on Tuesday morning Asian…

Paradigm-backed Succinct rallies 150% following exchange listing

Bitcoin asset manager Parataxis will go public via a SPAC deal that could see 
up to $640 million in gross proceeds to fund a Bitcoin treasury.

Parataxis to go public in $640M SPAC merger with Silverbox

Orca DAO has introduced a new treasury proposal designed to strengthen the 
Orca protocol through Solana staking and long-term token buybacks. The 
proposal was posted to the Orca (ORCA) governance forum on Aug 6. The DAO&#8217;s 
Governance Council would have…

Orca DAO proposes Solana staking and ORCA buybacks

Bank of America’s CEO has backed fixing banking rules amid uproar over U.S. 
President Donald Trump’s debanking claims, as the crypto industry warns 
regulatory overreach is quietly choking financial access. Bank of America CEO 
Backs Rulebook Fix as Trump’s $1B Claim Sparks Uproar Bank of America CEO 
Brian Moynihan responded to explosive claims made by […]

Bank of America Addresses Debanking Claims, Backing Regulatory Reform

Babylon Labs has introduced a breakthrough in decentralized finance with the 
launch of trustless Bitcoin vaults. Announced via an Aug. 6 post on X, these 
vaults allow native Bitcoin (BTC) to be used in decentralized finance 
applications, such as lending,…

Babylon unveils trustless BTC vaults for DeFi and staking

XRP price is struggling to continue higher above the $3.020 zone. The price is 
consolidating and might decline below the $2.920 support. XRP price is 
correcting gains from the $3.10 zone. The price is now trading near $2.980 and 
the 100-hourly Simple Moving Average. There is a bearish trend line forming 
with resistance at $3.020 on the hourly chart of the XRP/USD pair (data source 
from Kraken). The pair could start another increase if it stays above the 
$2.880 zone. XRP Price Faces Resistance XRP price failed to continue higher 
above the $3.10 resistance zone, like Bitcoin and Ethereum. The price formed a 
short-term top and started a fresh decline below the $3.020 level. The price 
dipped below the $3.00 level. There was a move below $2.950 and the price 
tested the 50% Fib retracement level of the upward move from the $2.730 swing 
low to the $3.106 high. However, the bulls were active near the $2.920 zone. 
The price is now trading near $2.980 and the 100-hourly Simple Moving Average. 
On the upside, the price might face resistance near the $3.00 level. There is 
also a bearish trend line forming with resistance at $3.020 on the hourly 
chart of the XRP/USD pair. The first major resistance is near the $3.10 level. 
A clear move above the $3.10 resistance might send the price toward the $3.120 
resistance. Any more gains might send the price toward the $3.180 resistance 
or even $3.20 in the near term. The next major hurdle for the bulls might be 
near the $3.250 zone. Another Decline? If XRP fails to clear the $3.020 
resistance zone, it could start another decline. Initial support on the 
downside is near the $2.920 level. The next major support is near the $2.880 
level or the 61.8% Fib retracement level of the upward move from the $2.730 
swing low to the $3.106 high. If there is a downside break and a close below 
the $2.880 level, the price might continue to decline toward the $2.810 
support. The next major support sits near the $2.750 zone where the bulls 
might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is 
now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – 
The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 
and $2.880. Major Resistance Levels – $3.020 and $3.10.