Einem Bericht zufolge will Großbritannien beschlagnahmte Bitcoins im Wert von 7 Mrd. US-Dollar verkaufen.
Michael Saylor signalisiert Bitcoin (BTC)-Kauf: Strategy-Bestand nun über 71 Mrd. US-Dollar wert
Strategy akkumuliert weiter Bitcoin, da dieser im Juli ein Allzeithoch erreicht hat und die Gesamtmarktkapitalisierung aller Kryptowährungen auf über 4 Bio. US-Dollar gestiegen ist.
Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern
- KAS price is up 10% in 24 hours as Kaspa mirrors other altcoins’ gains.
- The cryptocurrency is also surging after seeing a double-bottom bounce with support near $0.05.
- Bulls could breach resistance around $0.12 and target the $0.18-$0.20 supply zone.
The Kaspa price has surged by 10% in the past 24 hours, reaching an intraday high of $0.105.
Notably, this has added to weekly gains of over 18% as Kaspa rides the bullish momentum, with top cryptocurrencies Ethereum, XRP, and Solana seeing notable gains.
BNB price has jumped to near its all-time high and could eye $1,000.
As these top altcoins eye key technical levels, Kaspa’s upward momentum is drawing significant attention. Both market dynamics and upcoming network developments suggest bulls may not be done yet.
Why is Kaspa price up today?
Kaspa’s price increase aligns with a robust altcoin market.
ETH, XRP, SOL, and BNB are all climbing toward critical resistance zones or all-time highs, adding to buying pressure for small-cap cryptocurrencies.
However, Kaspa’s rally is not solely tied to market-wide optimism.
A key driver is the growing anticipation surrounding the Kasplex mainnet, a significant step forward for the Kaspa Network, which is renowned for its high-speed, proof-of-work blockDAG architecture.
The Kasplex Layer 2 public testnet, dubbed Kasplex zkEVM, has officially launched, marking a pivotal milestone in Kaspa’s roadmap.
This fully Ethereum Virtual Machine (EVM)-compatible rollup leverages Kaspa’s Layer 1 (L1) for decentralized sequencing and data availability.
Kasplex zkEVM introduces several groundbreaking features. A full EVM equivalence allows developers to deploy Ethereum-native smart contracts with minimal adjustments.
With bridged KAS as the native testnet token, the protocol also allows for integration with standard EVM wallets like MetaMask.
Additionally, the testnet includes a live faucet, explorer, and expanding developer tooling, fostering an environment for building decentralized applications (dApps) and smart contracts on Kaspa.
This development positions Kaspa as a unique proof-of-work blockchain with Layer 2 smart contract functionality.
Its growth potential has sparked increased interest in the KAS token, contributing to its price surge.
KAS price: technical outlook
From a technical perspective, Kaspa’s price action is showing bullish signals. The KAS token has formed a double-bottom pattern, a classic reversal signal.
It indicates strong support in the $0.05-$0.06 range.
Kaspa price chart by TradingView
This bounce has propelled the price toward a key resistance level near $0.12.
According to the price outlook on the weekly chart, a decisive breakout above this level could open the door for buyers to target the $0.18-$0.20.
The area might prove a crucial supply zone, with the level aligning with previous highs from July and December 2024.
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Trump signs GENIUS Act into law, positioning Ripple’s RLUSD for institutional adoption
- Ripple’s RLUSD could benefit from the new rules and expand its use in US financial systems.
- Only 14 million XRP tokens have been burned to date versus 59.1 billion in circulation.
- The pending CLARITY Act could further clarify XRP’s legal status in the US market.
Ripple’s strategic position in the evolving US stablecoin landscape received a boost last Friday after President Donald Trump signed the “Guiding and Enabling the Nationwide Innovation of US Stablecoins” (GENIUS) Act into law.
The legislation establishes a formal regulatory path for stablecoin issuers and paves the way for institutions to adopt digital dollars under federal oversight.
For Ripple, this offers new ground to promote its RLUSD stablecoin—but has limited bearing on its native XRP token.
GENIUS Act offers regulatory clarity for Ripple’s RLUSD
The GENIUS Act provides a legal framework for dollar-backed stablecoins, enabling issuers to operate under federal charters and meet specific reserve and audit standards.
The move benefits stablecoins such as USDC, PayPal USD, and RLUSD, all of which aim to be integrated into institutional finance and payment systems.
Ripple’s RLUSD, though not yet as widely adopted as rivals like Circle’s USDC or Tether’s USDT, could leverage the act’s legal clarity to position itself as a compliant, regulated stablecoin within the United States.
Unlike decentralised or offshore stablecoins, RLUSD could function as a native liquidity provider for on-shore financial transactions, potentially giving Ripple a role akin to a financial infrastructure provider in the regulated US market.
While RLUSD stands to gain traction from the GENIUS Act, this advancement is unlikely to bring meaningful price movement to XRP. The two are functionally separate, with XRP continuing to serve as a bridge token on the XRP Ledger.
XRP supply dynamics unaffected by RLUSD transactions
Although RLUSD will operate on the XRP Ledger and every transaction will burn a small amount of XRP to pay network fees, the volume is too low to materially affect the coin’s price or supply.
Since inception, only 14 million XRP tokens have been burned, while the circulating supply remains over 59.1 billion. This shows that even under heavy usage, token burns through stablecoin transactions will not significantly influence XRP’s deflation rate or valuation.
Ripple’s Chief Technology Officer, David Schwartz, has previously downplayed the impact of such burns, noting that they will not materially reduce supply in the foreseeable future.
This reinforces the view that RLUSD-related network activity will not shift XRP’s price dynamics in a meaningful way.
Ongoing SEC lawsuit adds uncertainty to XRP classification
The broader regulatory environment for XRP remains unresolved, as Ripple’s legal battle with the US Securities and Exchange Commission (SEC) continues.
A previous ruling determined that XRP is not a security when sold on public exchanges but may be classified as one in institutional placements. This duality in classification introduces lingering uncertainty about XRP’s long-term regulatory status.
The current ambiguity impacts Ripple’s ability to rely solely on XRP within the US. In this context, the GENIUS Act gives Ripple a compliant alternative in RLUSD, reducing regulatory exposure in XRP-heavy transactions.
This shift enables the company to broaden its reach in regulated financial environments while maintaining its core blockchain infrastructure.
CLARITY Act could redefine XRP’s regulatory standing
Looking ahead, further legislative developments could reshape Ripple’s token strategy. The pending CLARITY Act proposes a formal path for digital assets to transition from securities to commodities over time.
If passed, it could eliminate the regulatory ambiguity surrounding XRP’s classification and facilitate broader tokenisation strategies involving Ripple’s ecosystem.
In the meantime, RLUSD provides a way for Ripple to participate in the stablecoin market without depending on XRP in uncertain regulatory conditions.
This dual-token strategy offers flexibility, allowing Ripple to align with evolving US regulations while continuing to promote its ledger technology.
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BNB price prediction: BNB on cusp all-time high as bulls eye $1,000
- BNB price trades above $760, having touched intraday highs of $766.
- Having come just shy of a new all-time high, it’s possible bulls could target $1,000 next.
- Overall, altcoin market optimism will catalyse more gains.
BNB, the native coin of the Binance ecosystem and BNB Chain, is on the cusp of a new all-time high as price hovers near $763 on Monday morning.
This comes amid a robust uptick for altcoins, with Ethereum exploding to $3,800 and XRP eyeing $4.00.
While BNB has only managed a modest 2%, price is retesting last week’s resistance level amid an increase of nearly 9% in seven days.
Despite these small gains compared to other coins, BNB is showing strong technical indicators, alongside a yearly high in Open Interest.
BNB price nears new all-time high
The BNB price has continued to trade higher since breaking above $640 in June.
On Monday, July 21, the altcoin reached an intraday high of $766, a move that saw it come close to hitting its all-time high of $793 reached in December 2024.
As noted, this rally for Binance Coin aligns with an uptick for altcoins across the broader market.
With Bitcoin consolidating after hitting new ATH above $123k, it’s altcoins that are in the limelight this past week.
“With Ethereum leading the way, there has been a huge jump in social media mentions of many altcoins and higher price targets,” analysts at Santiment recently posted.
Ethereum has climbed above $3,800, and XRP is on the verge of a new all-time high.
Bulls have pushed Solana towards $200. Elsewhere, altcoins such as Conflux (CFX) have surged significantly to lead top gainers in leading 100 coins by market cap.
BNB’s market capitalisation has also increased amid the overall upward momentum, hitting above $106 billion as the fifth-largest cryptocurrency targets a new peak.
BNB price prediction: is a breakout to $1,000 next?
A look at the charts shows BNB’s bullish outlook has the support of key technical indicators.
Combining this with prevailing market conditions could offer buyers the chance to break higher.
Currently, hovering above $760 puts BNB just shy of the $793 peak.
Profit taking may ensue near the ATH, but Open Interest in BNB futures has soared to a yearly high of $1.04 billion.
Derivatives volume has also jumped to over $1.38 billion, signalling increased trader bets on the cryptocurrency.
The Moving Average Convergence Divergence (MACD) also shows a bullish crossover, confirming sustained upward pressure.
If BNB bulls weather the likely corrections, the next target above the all-time high will be the psychological $1,000 level.
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