XRP price was up 6.8% since Monday’s crypto market pullback, as traders said key support levels must hold to sustain a recovery to new all-time highs. Key takeaways: XRP whales continue accumulating on the dips, boosting chances of a recovery. XRP price must hold above $2.70 support to continue upside toward $4. Read more
DefiLlama data showed that Aster topped daily perpetual trading volumes with $24.7 billion on Wednesday, surpassing competitors including Hyperliquid and edgeX. Aster, a decentralized perpetuals exchange on BNB Chain, saw open interest surge nearly 33,500% in less than a week, challenging that of its top rival, Hyperliquid. On Wednesday, CoinGlass data showed that Aster’s open interest jumped from $3.72 million on Friday to $1.25 billion at the time of writing. The spike in active contracts signaled that traders were piling into the platform, challenging its biggest competitor, Hyperliquid. Open interest refers to the total number of outstanding contracts that haven’t been settled. It’s used as a key metric to gauge liquidity and market conviction toward a project. Aster’s open interest surge showed that the traders are willing to deploy capital on the platform. Read more
Can stablecoins disrupt Visa and Mastercard? Explore how blockchain payments may capture billions in fees from US credit card networks. Stablecoins reduce settlement time, cross-border costs and enable programmable rewards. They outpace traditional credit card systems. US merchants pay over $100 billion in card fees yearly. In comparison, stablecoins offer much cheaper, faster payments. Ripple’s RLUSD, Gemini’s XRP Card and Moca’s Air Shop show stablecoins moving into mainstream commerce. Read more
Introduced in October 2020, Europe’s digital euro may not launch until 2029, according to ECB Executive Board member Piero Cipollone. The digital euro, the European Union’s long-planned central bank digital currency (CBDC) project, is facing delays, with its launch now expected around mid-2029. The EU’s digital euro could become a reality in 2029, European Central Bank Executive Board member Piero Cipollone said in a Bloomberg Future of Finance event Tuesday in Frankfurt. “The middle of 2029 could be a fair assessment,” he said, adding that the ECB has been actively discussing the project at the level of EU member states. Read more
Growing Wall Street crypto adoption and agentic AI platforms may catalyze a “supercycle” for Ethereum, according to BitMine, the largest corporate holder of Ether. Update Sept. 24, 1:07 p.m. UTC: This article has been updated to include quotes from Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen. The cryptocurrency market may experience its first extended cycle due to more institutional capital and trading products in the Web3 industry, making digital asset investments more accessible. Some investors predict a crypto “supercycle” that may invalidate the theory of the four-year crypto market cycle related to the Bitcoin (BTC) halving, and see digital asset valuation rise beyond this historic time frame. Read more
Kraken committed $2 million to Freedom Fund PAC and America First Digital, citing a need to defend crypto users’ rights in the US. Crypto exchange Kraken pledged $2 million to two politically aligned groups as part of what it calls an ongoing battle to defend core crypto freedoms in the US. In a Tuesday post on X, Kraken Co-CEO Arjun Sethi announced that the exchange will donate $1 million to the Freedom Fund PAC and increase its 2025 commitment to America First Digital to $1 million. “The fight for crypto in the United States is far from over,” Sethi wrote. He warned that crypto’s foundational rights, like self-custody and decentralized access, remain under threat from “regulatory uncertainty,” bans on privacy tools and efforts to criminalize infrastructure. Read more
Bitcoin whale distribution and a weakening technical structure could push BTC price into an extended sell-off toward $100,000. Key takeaways: Bitcoin whales have sold 147,000 BTC over the past 30 days. BTC price bear flag targets $100,000 if support breaks. Read more
FearsOff CEO Marwan Hachem told Cointelegraph that it was risky to keep too much centralized control in projects that “claim to be decentralized.” Decentralized social platform UXLink said on Wednesday it was deploying a new Ethereum contract after a multisignature wallet exploit allowed attackers to mint billions of unauthorized tokens and crash the value of its native asset. UXLink said its new smart contract had passed a security audit and would be deployed on the Ethereum mainnet. The project said the new contract dropped the mint-burn function to prevent any similar incidents in the future. The project confirmed the breach on Tuesday, saying that a significant amount of crypto was transferred to exchanges. Estimates of the losses from the hack vary, with Cyvers Alerts estimating it saw at least $11 million stolen, and Hacken placing the figure at more than $30 million. Read more
The Ethereum co-founder warned that closed systems breed abuse and monopolies, urging open-source, verifiable infrastructure for healthcare, finance and voting. Ethereum co-founder Vitalik Buterin called for open-source, verifiable infrastructure across critical sectors, including healthcare, finance and governance, warning that centralized systems risk eroding trust and security. In a Wednesday blog post, Buterin argued that as digital infrastructure becomes embedded in everyday life, relying on closed, opaque systems increases the danger of abuse and monopolization. “The civilizations that gained the most from new waves of technology are not the ones who consumed the technology, but the ones who produced it,” Buterin wrote, adding that “openness and verifiability can fight against global balkanization.” Read more