UMA price pumps 26.54%, critical support zone must hold or risk full retrace

Ripple’s stablecoin, RLUSD, just hit a major milestone—its circulating supply surged past $300 million for the first time after adding $72.5 million in a single week. That’s a 29% jump, and it’s now six times larger than when it launched in December 2024. The growth spurt comes as Ripple secures backing from the UAE, signaling stronger institutional support.

Editor’s Note: Stablecoins are like the steady hands of the crypto world, and RLUSD’s rapid growth suggests Ripple’s gaining traction where it counts: trust and adoption. The UAE’s backing adds credibility, which could mean more big players are warming up to Ripple’s vision. For crypto watchers, this is a sign the ecosystem’s maturing—not just wild speculation, but real-world use cases taking shape.

Bitcoin just smashed through the $110,000 mark, riding a massive wave of fresh money pouring into the crypto market. Billions in trading volume are fueling this surge, signaling a major bull run that’s got investors buzzing. The market’s heating up—fast.

Editor’s Note: This isn’t just another price bump—it’s a full-blown market eruption. When Bitcoin breaks records and trading volume explodes, it usually means big players are jumping in or retail investors are piling back in. Either way, it could signal a new phase for crypto, with ripple effects for everything from altcoins to regulations. Buckle up.

The founder of crypto payment platform Evita Pay, Iurii Gugnin, is facing serious allegations from the U.S. Department of Justice (DOJ). They claim he set up a secret system to funnel millions in "dirty money" from sanctioned Russian banks into the U.S., with some of those funds allegedly used to harm American interests.

Editor’s Note: This isn’t just another crypto scandal—it ties digital finance to geopolitical risks. If the DOJ’s claims hold up, it shows how crypto can be weaponized to bypass sanctions and fund hostile activities. For regulators, it’s more fuel for stricter oversight; for everyday investors, it’s a reminder of crypto’s wilder, riskier side.

Bitcoin’s price is showing resilience, staying above $105,000 after a rocky week that briefly pushed it down to $100,000. It’s now up 6% from that low, and traders are eyeing a potential breakout past the stubborn $110,000–$112,000 resistance level. But analysts are sounding a cautious note—after all, Bitcoin’s been on a bull run for over 900 days, and history suggests a pullback might be due.

Editor’s Note: Bitcoin’s ability to hold its ground is a big deal for investors, especially after recent swings. If it breaks past $112,000, it could signal another surge—but the prolonged uptrend also means the market might be overdue for a correction. For crypto watchers, this is a classic "hope for the best, prepare for the worst" moment.

Ethereum's price has dipped about 14% since late May, but it's clinging to a key support level above $2,400—a sign that traders aren't ready to give up on a rebound just yet. While the crypto market's been shaky, ETH's resilience here has analysts cautiously optimistic. If it can hold this floor and regain momentum, there's room to climb back toward its yearly highs.

Editor’s Note: For crypto watchers, Ethereum's current standoff is a test of market confidence. Holding $2,400 suggests traders see value at this level, but the real story is whether ETH can turn this stability into a springboard. If it fails, the drop could spook investors; if it bounces, it might signal renewed faith in crypto's second-biggest player. Either way, it’s a hinge point worth tracking.